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蓝威斯顿（LW）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
蓝威斯顿的季度营收约是越洋钻探的1.5倍（$1.6B vs $1.0B），蓝威斯顿净利率更高（3.5% vs 2.4%，领先1.1%），越洋钻探同比增速更快（9.6% vs 2.9%），越洋钻探自由现金流更多（$321.0M vs $-36.3M），过去两年越洋钻探的营收复合增速更高（16.9% vs -1.5%）
蓝威斯顿控股是美国食品加工企业，为全球规模最大的冷冻薯条、华夫薯条及其他冷冻马铃薯制品的生产商与加工商之一，总部坐落于爱达荷州博伊西市郊的伊格尔市。
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。
LW vs RIG — 直观对比
营收规模更大
LW
是对方的1.5倍
$1.0B
营收增速更快
RIG
高出6.6%
2.9%
净利率更高
LW
高出1.1%
2.4%
自由现金流更多
RIG
多$357.3M
$-36.3M
两年增速更快
RIG
近两年复合增速
-1.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.0B |
| 净利润 | $54.0M | $25.0M |
| 毛利率 | 21.2% | 42.0% |
| 营业利润率 | 8.1% | 23.0% |
| 净利率 | 3.5% | 2.4% |
| 营收同比 | 2.9% | 9.6% |
| 净利润同比 | -63.0% | 257.1% |
| 每股收益（稀释后） | $0.39 | $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LWRIG
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.0B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.7B | $988.0M | ||
| Q1 25 | $1.5B | $906.0M | ||
| Q4 24 | $1.6B | $952.0M | ||
| Q3 24 | $1.7B | $948.0M | ||
| Q2 24 | $1.6B | $861.0M |
净利润LWRIG
| Q1 26 | $54.0M | — | ||
| Q4 25 | $62.1M | $25.0M | ||
| Q3 25 | $64.3M | $-1.9B | ||
| Q2 25 | $119.9M | $-938.0M | ||
| Q1 25 | $146.0M | $-79.0M | ||
| Q4 24 | $-36.1M | $7.0M | ||
| Q3 24 | $127.4M | $-494.0M | ||
| Q2 24 | $129.6M | $-123.0M |
毛利率LWRIG
| Q1 26 | 21.2% | — | ||
| Q4 25 | 20.0% | 42.0% | ||
| Q3 25 | 20.6% | 43.2% | ||
| Q2 25 | 20.4% | 39.4% | ||
| Q1 25 | 27.8% | 31.8% | ||
| Q4 24 | 17.4% | 39.2% | ||
| Q3 24 | 21.5% | 40.6% | ||
| Q2 24 | 24.1% | 38.0% |
营业利润率LWRIG
| Q1 26 | 8.1% | — | ||
| Q4 25 | 8.6% | 23.0% | ||
| Q3 25 | 9.4% | -163.1% | ||
| Q2 25 | 11.1% | -97.6% | ||
| Q1 25 | 16.4% | 7.1% | ||
| Q4 24 | 1.2% | 13.7% | ||
| Q3 24 | 12.8% | -51.2% | ||
| Q2 24 | 13.2% | -6.9% |
净利率LWRIG
| Q1 26 | 3.5% | — | ||
| Q4 25 | 3.8% | 2.4% | ||
| Q3 25 | 3.9% | -187.1% | ||
| Q2 25 | 7.2% | -94.9% | ||
| Q1 25 | 9.6% | -8.7% | ||
| Q4 24 | -2.3% | 0.7% | ||
| Q3 24 | 7.7% | -52.1% | ||
| Q2 24 | 8.0% | -14.3% |
每股收益（稀释后）LWRIG
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.44 | $0.13 | ||
| Q3 25 | $0.46 | $-2.00 | ||
| Q2 25 | $0.84 | $-1.06 | ||
| Q1 25 | $1.03 | $-0.11 | ||
| Q4 24 | $-0.25 | $-0.14 | ||
| Q3 24 | $0.88 | $-0.58 | ||
| Q2 24 | $0.89 | $-0.15 |
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 | $57.5M | $620.0M |
| 总债务越低越好 | $3.6B | $5.2B |
| 股东权益账面价值 | $1.8B | $8.1B |
| 总资产 | $7.4B | $15.6B |
| 负债/权益比越低杠杆越低 | 1.99× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资LWRIG
| Q1 26 | $57.5M | — | ||
| Q4 25 | $82.7M | $620.0M | ||
| Q3 25 | $98.6M | $833.0M | ||
| Q2 25 | $70.7M | $377.0M | ||
| Q1 25 | $67.5M | $263.0M | ||
| Q4 24 | $79.0M | $560.0M | ||
| Q3 24 | $120.8M | $435.0M | ||
| Q2 24 | $71.4M | $475.0M |
总债务LWRIG
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $5.2B | ||
| Q3 25 | $3.7B | $4.8B | ||
| Q2 25 | $3.7B | $5.9B | ||
| Q1 25 | $3.7B | $5.9B | ||
| Q4 24 | $3.7B | $6.2B | ||
| Q3 24 | $3.4B | $6.5B | ||
| Q2 24 | $3.4B | $6.8B |
股东权益LWRIG
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $8.1B | ||
| Q3 25 | $1.8B | $8.1B | ||
| Q2 25 | $1.7B | $9.4B | ||
| Q1 25 | $1.6B | $10.2B | ||
| Q4 24 | $1.6B | $10.3B | ||
| Q3 24 | $1.8B | $10.2B | ||
| Q2 24 | $1.8B | $10.7B |
总资产LWRIG
| Q1 26 | $7.4B | — | ||
| Q4 25 | $7.3B | $15.6B | ||
| Q3 25 | $7.2B | $16.2B | ||
| Q2 25 | $7.4B | $17.8B | ||
| Q1 25 | $7.4B | $19.0B | ||
| Q4 24 | $7.5B | $19.4B | ||
| Q3 24 | $7.5B | $19.5B | ||
| Q2 24 | $7.4B | $20.3B |
负债/权益比LWRIG
| Q1 26 | 1.99× | — | ||
| Q4 25 | 2.08× | 0.64× | ||
| Q3 25 | 2.05× | 0.60× | ||
| Q2 25 | 2.12× | 0.63× | ||
| Q1 25 | 2.25× | 0.58× | ||
| Q4 24 | 2.26× | 0.60× | ||
| Q3 24 | 1.87× | 0.64× | ||
| Q2 24 | 1.92× | 0.63× |
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 | $65.2M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $-36.3M | $321.0M |
| 自由现金流率自由现金流/营收 | -2.3% | 30.8% |
| 资本支出强度资本支出/营收 | 6.5% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.21× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $569.2M | $626.0M |
8季度趋势，按日历期对齐
经营现金流LWRIG
| Q1 26 | $65.2M | — | ||
| Q4 25 | $178.4M | $349.0M | ||
| Q3 25 | $352.0M | $246.0M | ||
| Q2 25 | $868.3M | $128.0M | ||
| Q1 25 | $56.0M | $26.0M | ||
| Q4 24 | $99.1M | $206.0M | ||
| Q3 24 | $330.2M | $194.0M | ||
| Q2 24 | $798.2M | $133.0M |
自由现金流LWRIG
| Q1 26 | $-36.3M | — | ||
| Q4 25 | $101.0M | $321.0M | ||
| Q3 25 | $274.4M | $235.0M | ||
| Q2 25 | $230.1M | $104.0M | ||
| Q1 25 | $-19.8M | $-34.0M | ||
| Q4 24 | $-49.6M | $177.0M | ||
| Q3 24 | $4.3M | $136.0M | ||
| Q2 24 | $-131.3M | $49.0M |
自由现金流率LWRIG
| Q1 26 | -2.3% | — | ||
| Q4 25 | 6.2% | 30.8% | ||
| Q3 25 | 16.5% | 22.9% | ||
| Q2 25 | 13.7% | 10.5% | ||
| Q1 25 | -1.3% | -3.8% | ||
| Q4 24 | -3.1% | 18.6% | ||
| Q3 24 | 0.3% | 14.3% | ||
| Q2 24 | -8.1% | 5.7% |
资本支出强度LWRIG
| Q1 26 | 6.5% | — | ||
| Q4 25 | 4.8% | 2.7% | ||
| Q3 25 | 4.7% | 1.1% | ||
| Q2 25 | 38.1% | 2.4% | ||
| Q1 25 | 5.0% | 6.6% | ||
| Q4 24 | 9.3% | 3.0% | ||
| Q3 24 | 19.7% | 6.1% | ||
| Q2 24 | 57.7% | 9.8% |
现金转化率LWRIG
| Q1 26 | 1.21× | — | ||
| Q4 25 | 2.87× | 13.96× | ||
| Q3 25 | 5.47× | — | ||
| Q2 25 | 7.24× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | 2.59× | — | ||
| Q2 24 | 6.16× | — |
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
LW
| Segments North America | $1.0B | 66% |
| Segments International | $529.8M | 34% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
