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Life Time Group Holdings, Inc.（LTH）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Life Time Group Holdings, Inc.的1.4倍（$1.0B vs $745.1M），Life Time Group Holdings, Inc.净利率更高（16.5% vs 2.4%，领先14.1%），Life Time Group Holdings, Inc.同比增速更快（12.3% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $-64.6M），过去两年越洋钻探的营收复合增速更高（16.9% vs 11.7%）
Life Time Group Holdings是美国高端健身康养服务运营商，在全美运营连锁高端运动场馆，提供健身器材使用、团体课程、私教指导、SPA护理、营养咨询、青少年运动项目及联合办公等服务，服务于追求健康生活方式的消费群体。
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。
LTH vs RIG — 直观对比
营收规模更大
RIG
是对方的1.4倍
$745.1M
营收增速更快
LTH
高出2.8%
9.6%
净利率更高
LTH
高出14.1%
2.4%
自由现金流更多
RIG
多$385.6M
$-64.6M
两年增速更快
RIG
近两年复合增速
11.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $745.1M | $1.0B |
| 净利润 | $123.0M | $25.0M |
| 毛利率 | 49.1% | 42.0% |
| 营业利润率 | 17.4% | 23.0% |
| 净利率 | 16.5% | 2.4% |
| 营收同比 | 12.3% | 9.6% |
| 净利润同比 | 231.0% | 257.1% |
| 每股收益（稀释后） | $0.55 | $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LTHRIG
| Q4 25 | $745.1M | $1.0B | ||
| Q3 25 | $782.6M | $1.0B | ||
| Q2 25 | $761.5M | $988.0M | ||
| Q1 25 | $706.0M | $906.0M | ||
| Q4 24 | $663.3M | $952.0M | ||
| Q3 24 | $693.2M | $948.0M | ||
| Q2 24 | $667.8M | $861.0M | ||
| Q1 24 | $596.7M | $763.0M |
净利润LTHRIG
| Q4 25 | $123.0M | $25.0M | ||
| Q3 25 | $102.4M | $-1.9B | ||
| Q2 25 | $72.1M | $-938.0M | ||
| Q1 25 | $76.1M | $-79.0M | ||
| Q4 24 | $37.2M | $7.0M | ||
| Q3 24 | $41.4M | $-494.0M | ||
| Q2 24 | $52.8M | $-123.0M | ||
| Q1 24 | $24.9M | $98.0M |
毛利率LTHRIG
| Q4 25 | 49.1% | 42.0% | ||
| Q3 25 | 47.1% | 43.2% | ||
| Q2 25 | 47.0% | 39.4% | ||
| Q1 25 | 47.5% | 31.8% | ||
| Q4 24 | 48.2% | 39.2% | ||
| Q3 24 | 46.5% | 40.6% | ||
| Q2 24 | 46.8% | 38.0% | ||
| Q1 24 | 46.1% | 31.5% |
营业利润率LTHRIG
| Q4 25 | 17.4% | 23.0% | ||
| Q3 25 | 17.3% | -163.1% | ||
| Q2 25 | 14.2% | -97.6% | ||
| Q1 25 | 15.2% | 7.1% | ||
| Q4 24 | 13.1% | 13.7% | ||
| Q3 24 | 13.5% | -51.2% | ||
| Q2 24 | 15.7% | -6.9% | ||
| Q1 24 | 12.1% | -0.4% |
净利率LTHRIG
| Q4 25 | 16.5% | 2.4% | ||
| Q3 25 | 13.1% | -187.1% | ||
| Q2 25 | 9.5% | -94.9% | ||
| Q1 25 | 10.8% | -8.7% | ||
| Q4 24 | 5.6% | 0.7% | ||
| Q3 24 | 6.0% | -52.1% | ||
| Q2 24 | 7.9% | -14.3% | ||
| Q1 24 | 4.2% | 12.8% |
每股收益（稀释后）LTHRIG
| Q4 25 | $0.55 | $0.13 | ||
| Q3 25 | $0.45 | $-2.00 | ||
| Q2 25 | $0.32 | $-1.06 | ||
| Q1 25 | $0.34 | $-0.11 | ||
| Q4 24 | $0.17 | $-0.14 | ||
| Q3 24 | $0.19 | $-0.58 | ||
| Q2 24 | $0.26 | $-0.15 | ||
| Q1 24 | $0.12 | $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 | $204.8M | $620.0M |
| 总债务越低越好 | $1.5B | $5.2B |
| 股东权益账面价值 | $3.1B | $8.1B |
| 总资产 | $8.0B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资LTHRIG
| Q4 25 | $204.8M | $620.0M | ||
| Q3 25 | $218.9M | $833.0M | ||
| Q2 25 | $175.5M | $377.0M | ||
| Q1 25 | $59.0M | $263.0M | ||
| Q4 24 | $10.9M | $560.0M | ||
| Q3 24 | $120.9M | $435.0M | ||
| Q2 24 | $34.5M | $475.0M | ||
| Q1 24 | $18.6M | $446.0M |
总债务LTHRIG
| Q4 25 | $1.5B | $5.2B | ||
| Q3 25 | $1.5B | $4.8B | ||
| Q2 25 | $1.5B | $5.9B | ||
| Q1 25 | $1.5B | $5.9B | ||
| Q4 24 | $1.5B | $6.2B | ||
| Q3 24 | $1.7B | $6.5B | ||
| Q2 24 | $1.8B | $6.8B | ||
| Q1 24 | $2.0B | $6.8B |
股东权益LTHRIG
| Q4 25 | $3.1B | $8.1B | ||
| Q3 25 | $3.0B | $8.1B | ||
| Q2 25 | $2.9B | $9.4B | ||
| Q1 25 | $2.7B | $10.2B | ||
| Q4 24 | $2.6B | $10.3B | ||
| Q3 24 | $2.6B | $10.2B | ||
| Q2 24 | $2.4B | $10.7B | ||
| Q1 24 | $2.3B | $10.5B |
总资产LTHRIG
| Q4 25 | $8.0B | $15.6B | ||
| Q3 25 | $7.8B | $16.2B | ||
| Q2 25 | $7.6B | $17.8B | ||
| Q1 25 | $7.3B | $19.0B | ||
| Q4 24 | $7.2B | $19.4B | ||
| Q3 24 | $7.2B | $19.5B | ||
| Q2 24 | $7.1B | $20.3B | ||
| Q1 24 | $7.1B | $19.9B |
负债/权益比LTHRIG
| Q4 25 | 0.48× | 0.64× | ||
| Q3 25 | 0.51× | 0.60× | ||
| Q2 25 | 0.53× | 0.63× | ||
| Q1 25 | 0.56× | 0.58× | ||
| Q4 24 | 0.59× | 0.60× | ||
| Q3 24 | 0.64× | 0.64× | ||
| Q2 24 | 0.78× | 0.63× | ||
| Q1 24 | 0.87× | 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 | $239.9M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $-64.6M | $321.0M |
| 自由现金流率自由现金流/营收 | -8.7% | 30.8% |
| 资本支出强度资本支出/营收 | 40.9% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.95× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $-21.0M | $626.0M |
8季度趋势，按日历期对齐
经营现金流LTHRIG
| Q4 25 | $239.9M | $349.0M | ||
| Q3 25 | $251.1M | $246.0M | ||
| Q2 25 | $195.7M | $128.0M | ||
| Q1 25 | $183.9M | $26.0M | ||
| Q4 24 | $163.1M | $206.0M | ||
| Q3 24 | $151.1M | $194.0M | ||
| Q2 24 | $170.4M | $133.0M | ||
| Q1 24 | $90.4M | $-86.0M |
自由现金流LTHRIG
| Q4 25 | $-64.6M | $321.0M | ||
| Q3 25 | $28.6M | $235.0M | ||
| Q2 25 | $-26.3M | $104.0M | ||
| Q1 25 | $41.4M | $-34.0M | ||
| Q4 24 | $26.8M | $177.0M | ||
| Q3 24 | $64.0M | $136.0M | ||
| Q2 24 | $26.1M | $49.0M | ||
| Q1 24 | $-66.4M | $-169.0M |
自由现金流率LTHRIG
| Q4 25 | -8.7% | 30.8% | ||
| Q3 25 | 3.7% | 22.9% | ||
| Q2 25 | -3.5% | 10.5% | ||
| Q1 25 | 5.9% | -3.8% | ||
| Q4 24 | 4.0% | 18.6% | ||
| Q3 24 | 9.2% | 14.3% | ||
| Q2 24 | 3.9% | 5.7% | ||
| Q1 24 | -11.1% | -22.1% |
资本支出强度LTHRIG
| Q4 25 | 40.9% | 2.7% | ||
| Q3 25 | 28.4% | 1.1% | ||
| Q2 25 | 29.2% | 2.4% | ||
| Q1 25 | 20.2% | 6.6% | ||
| Q4 24 | 20.6% | 3.0% | ||
| Q3 24 | 12.6% | 6.1% | ||
| Q2 24 | 21.6% | 9.8% | ||
| Q1 24 | 26.3% | 10.9% |
现金转化率LTHRIG
| Q4 25 | 1.95× | 13.96× | ||
| Q3 25 | 2.45× | — | ||
| Q2 25 | 2.71× | — | ||
| Q1 25 | 2.41× | — | ||
| Q4 24 | 4.39× | 29.43× | ||
| Q3 24 | 3.65× | — | ||
| Q2 24 | 3.23× | — | ||
| Q1 24 | 3.63× | -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
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
