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拉扎德（LAZ）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
越洋钻探的季度营收约是拉扎德的1.1倍（$1.0B vs $929.4M），拉扎德净利率更高（5.4% vs 2.4%，领先3.0%），拉扎德同比增速更快（10.8% vs 9.6%），拉扎德自由现金流更多（$396.1M vs $321.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs 8.8%）
拉扎德公司是一家美国金融咨询与资产管理机构，业务覆盖投资银行、资产管理及其他金融服务，核心客户以机构客户为主。作为全球规模最大的独立投资银行，其主要行政办公室分布于纽约、巴黎及伦敦三地。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
LAZ vs RIG — 直观对比
营收规模更大
RIG
是对方的1.1倍
$929.4M
营收增速更快
LAZ
高出1.2%
9.6%
净利率更高
LAZ
高出3.0%
2.4%
自由现金流更多
LAZ
多$75.1M
$321.0M
两年增速更快
RIG
近两年复合增速
8.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $929.4M | $1.0B |
| 净利润 | $49.9M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 9.1% | 23.0% |
| 净利率 | 5.4% | 2.4% |
| 营收同比 | 10.8% | 9.6% |
| 净利润同比 | -42.2% | 257.1% |
| 每股收益（稀释后） | $0.44 | $0.13 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LAZRIG
| Q4 25 | $929.4M | $1.0B | ||
| Q3 25 | $770.8M | $1.0B | ||
| Q2 25 | $817.2M | $988.0M | ||
| Q1 25 | $669.2M | $906.0M | ||
| Q4 24 | $839.0M | $952.0M | ||
| Q3 24 | $807.4M | $948.0M | ||
| Q2 24 | $708.0M | $861.0M | ||
| Q1 24 | $785.5M | $763.0M |
净利润LAZRIG
| Q4 25 | $49.9M | $25.0M | ||
| Q3 25 | $71.2M | $-1.9B | ||
| Q2 25 | $55.3M | $-938.0M | ||
| Q1 25 | $60.4M | $-79.0M | ||
| Q4 24 | $86.3M | $7.0M | ||
| Q3 24 | $107.9M | $-494.0M | ||
| Q2 24 | $49.9M | $-123.0M | ||
| Q1 24 | $35.8M | $98.0M |
毛利率LAZRIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | — | 43.2% | ||
| Q2 25 | — | 39.4% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 40.6% | ||
| Q2 24 | — | 38.0% | ||
| Q1 24 | — | 31.5% |
营业利润率LAZRIG
| Q4 25 | 9.1% | 23.0% | ||
| Q3 25 | 12.3% | -163.1% | ||
| Q2 25 | 11.4% | -97.6% | ||
| Q1 25 | 8.2% | 7.1% | ||
| Q4 24 | 12.8% | 13.7% | ||
| Q3 24 | 20.0% | -51.2% | ||
| Q2 24 | 9.0% | -6.9% | ||
| Q1 24 | 6.9% | -0.4% |
净利率LAZRIG
| Q4 25 | 5.4% | 2.4% | ||
| Q3 25 | 9.2% | -187.1% | ||
| Q2 25 | 6.8% | -94.9% | ||
| Q1 25 | 9.0% | -8.7% | ||
| Q4 24 | 10.3% | 0.7% | ||
| Q3 24 | 13.4% | -52.1% | ||
| Q2 24 | 7.0% | -14.3% | ||
| Q1 24 | 4.6% | 12.8% |
每股收益（稀释后）LAZRIG
| Q4 25 | $0.44 | $0.13 | ||
| Q3 25 | $0.65 | $-2.00 | ||
| Q2 25 | $0.52 | $-1.06 | ||
| Q1 25 | $0.56 | $-0.11 | ||
| Q4 24 | $0.82 | $-0.14 | ||
| Q3 24 | $1.02 | $-0.58 | ||
| Q2 24 | $0.49 | $-0.15 | ||
| Q1 24 | $0.35 | $0.11 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.5B | $620.0M |
| 总债务越低越好 | $1.7B | $5.2B |
| 股东权益账面价值 | $873.7M | $8.1B |
| 总资产 | $4.9B | $15.6B |
| 负债/权益比越低杠杆越低 | 1.93× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资LAZRIG
| Q4 25 | $1.5B | $620.0M | ||
| Q3 25 | $1.2B | $833.0M | ||
| Q2 25 | $978.3M | $377.0M | ||
| Q1 25 | $908.6M | $263.0M | ||
| Q4 24 | $1.3B | $560.0M | ||
| Q3 24 | $1.2B | $435.0M | ||
| Q2 24 | $847.6M | $475.0M | ||
| Q1 24 | $923.2M | $446.0M |
总债务LAZRIG
| Q4 25 | $1.7B | $5.2B | ||
| Q3 25 | $1.7B | $4.8B | ||
| Q2 25 | $1.7B | $5.9B | ||
| Q1 25 | $1.7B | $5.9B | ||
| Q4 24 | $1.7B | $6.2B | ||
| Q3 24 | $1.9B | $6.5B | ||
| Q2 24 | $1.9B | $6.8B | ||
| Q1 24 | $1.9B | $6.8B |
股东权益LAZRIG
| Q4 25 | $873.7M | $8.1B | ||
| Q3 25 | $841.5M | $8.1B | ||
| Q2 25 | $741.6M | $9.4B | ||
| Q1 25 | $603.0M | $10.2B | ||
| Q4 24 | $636.2M | $10.3B | ||
| Q3 24 | $624.3M | $10.2B | ||
| Q2 24 | $458.7M | $10.7B | ||
| Q1 24 | $392.7M | $10.5B |
总资产LAZRIG
| Q4 25 | $4.9B | $15.6B | ||
| Q3 25 | $4.6B | $16.2B | ||
| Q2 25 | $4.5B | $17.8B | ||
| Q1 25 | $4.2B | $19.0B | ||
| Q4 24 | $4.8B | $19.4B | ||
| Q3 24 | $4.8B | $19.5B | ||
| Q2 24 | $4.5B | $20.3B | ||
| Q1 24 | $4.6B | $19.9B |
负债/权益比LAZRIG
| Q4 25 | 1.93× | 0.64× | ||
| Q3 25 | 2.01× | 0.60× | ||
| Q2 25 | 2.28× | 0.63× | ||
| Q1 25 | 2.80× | 0.58× | ||
| Q4 24 | 2.65× | 0.60× | ||
| Q3 24 | 2.97× | 0.64× | ||
| Q2 24 | 4.04× | 0.63× | ||
| Q1 24 | 4.71× | 0.65× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $399.7M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $396.1M | $321.0M |
| 自由现金流率自由现金流/营收 | 42.6% | 30.8% |
| 资本支出强度资本支出/营收 | 0.4% | 2.7% |
| 现金转化率经营现金流/净利润 | 8.02× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $487.4M | $626.0M |
8季度趋势，按日历期对齐
经营现金流LAZRIG
| Q4 25 | $399.7M | $349.0M | ||
| Q3 25 | $287.5M | $246.0M | ||
| Q2 25 | $49.7M | $128.0M | ||
| Q1 25 | $-217.5M | $26.0M | ||
| Q4 24 | $362.9M | $206.0M | ||
| Q3 24 | $293.7M | $194.0M | ||
| Q2 24 | $176.2M | $133.0M | ||
| Q1 24 | $-90.0M | $-86.0M |
自由现金流LAZRIG
| Q4 25 | $396.1M | $321.0M | ||
| Q3 25 | $284.6M | $235.0M | ||
| Q2 25 | $38.0M | $104.0M | ||
| Q1 25 | $-231.3M | $-34.0M | ||
| Q4 24 | $348.0M | $177.0M | ||
| Q3 24 | $276.2M | $136.0M | ||
| Q2 24 | $169.8M | $49.0M | ||
| Q1 24 | $-96.6M | $-169.0M |
自由现金流率LAZRIG
| Q4 25 | 42.6% | 30.8% | ||
| Q3 25 | 36.9% | 22.9% | ||
| Q2 25 | 4.6% | 10.5% | ||
| Q1 25 | -34.6% | -3.8% | ||
| Q4 24 | 41.5% | 18.6% | ||
| Q3 24 | 34.2% | 14.3% | ||
| Q2 24 | 24.0% | 5.7% | ||
| Q1 24 | -12.3% | -22.1% |
资本支出强度LAZRIG
| Q4 25 | 0.4% | 2.7% | ||
| Q3 25 | 0.4% | 1.1% | ||
| Q2 25 | 1.4% | 2.4% | ||
| Q1 25 | 2.1% | 6.6% | ||
| Q4 24 | 1.8% | 3.0% | ||
| Q3 24 | 2.2% | 6.1% | ||
| Q2 24 | 0.9% | 9.8% | ||
| Q1 24 | 0.8% | 10.9% |
现金转化率LAZRIG
| Q4 25 | 8.02× | 13.96× | ||
| Q3 25 | 4.03× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | -3.60× | — | ||
| Q4 24 | 4.20× | 29.43× | ||
| Q3 24 | 2.72× | — | ||
| Q2 24 | 3.53× | — | ||
| Q1 24 | -2.52× | -0.88× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LAZ
| Financial Advisory Segment | $542.3M | 58% |
| Asset Management1 | $347.8M | 37% |
| Incentive Fees | $40.9M | 4% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
