vs
Mid-America Apartment Communities（MAA）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Mid-America Apartment Communities的1.9倍（$1.0B vs $555.6M），Mid-America Apartment Communities净利率更高（10.4% vs 2.4%，领先8.0%），越洋钻探同比增速更快（9.6% vs 1.0%），越洋钻探自由现金流更多（$321.0M vs $158.6M），过去两年越洋钻探的营收复合增速更高（16.9% vs 1.1%）
Mid-America Apartment Communities（股票代码：MAA）是一家公开上市的房地产投资信托基金，总部位于美国田纳西州孟菲斯市，核心业务为投资美国东南部及西南部地区的公寓物业，深耕美国高增长区域住宅不动产赛道，为股东创造稳定的长期投资回报。
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。
MAA vs RIG — 直观对比
营收规模更大
RIG
是对方的1.9倍
$555.6M
营收增速更快
RIG
高出8.5%
1.0%
净利率更高
MAA
高出8.0%
2.4%
自由现金流更多
RIG
多$162.4M
$158.6M
两年增速更快
RIG
近两年复合增速
1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $555.6M | $1.0B |
| 净利润 | $57.6M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 10.4% | 23.0% |
| 净利率 | 10.4% | 2.4% |
| 营收同比 | 1.0% | 9.6% |
| 净利润同比 | -65.5% | 257.1% |
| 每股收益（稀释后） | $0.48 | $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MAARIG
| Q4 25 | $555.6M | $1.0B | ||
| Q3 25 | $554.4M | $1.0B | ||
| Q2 25 | $549.9M | $988.0M | ||
| Q1 25 | $549.3M | $906.0M | ||
| Q4 24 | $549.8M | $952.0M | ||
| Q3 24 | $551.1M | $948.0M | ||
| Q2 24 | $546.4M | $861.0M | ||
| Q1 24 | $543.6M | $763.0M |
净利润MAARIG
| Q4 25 | $57.6M | $25.0M | ||
| Q3 25 | $99.5M | $-1.9B | ||
| Q2 25 | $108.1M | $-938.0M | ||
| Q1 25 | $181.7M | $-79.0M | ||
| Q4 24 | $166.6M | $7.0M | ||
| Q3 24 | $115.2M | $-494.0M | ||
| Q2 24 | $102.0M | $-123.0M | ||
| Q1 24 | $143.7M | $98.0M |
毛利率MAARIG
| 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MAARIG
| Q4 25 | 10.4% | 23.0% | ||
| Q3 25 | 18.7% | -163.1% | ||
| Q2 25 | 20.2% | -97.6% | ||
| Q1 25 | 34.0% | 7.1% | ||
| Q4 24 | 31.3% | 13.7% | ||
| Q3 24 | 21.5% | -51.2% | ||
| Q2 24 | 19.3% | -6.9% | ||
| Q1 24 | 27.4% | -0.4% |
净利率MAARIG
| Q4 25 | 10.4% | 2.4% | ||
| Q3 25 | 18.0% | -187.1% | ||
| Q2 25 | 19.7% | -94.9% | ||
| Q1 25 | 33.1% | -8.7% | ||
| Q4 24 | 30.3% | 0.7% | ||
| Q3 24 | 20.9% | -52.1% | ||
| Q2 24 | 18.7% | -14.3% | ||
| Q1 24 | 26.4% | 12.8% |
每股收益（稀释后）MAARIG
| Q4 25 | $0.48 | $0.13 | ||
| Q3 25 | $0.84 | $-2.00 | ||
| Q2 25 | $0.92 | $-1.06 | ||
| Q1 25 | $1.54 | $-0.11 | ||
| Q4 24 | $1.43 | $-0.14 | ||
| Q3 24 | $0.98 | $-0.58 | ||
| Q2 24 | $0.86 | $-0.15 | ||
| Q1 24 | $1.22 | $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 | $60.3M | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $5.7B | $8.1B |
| 总资产 | $12.0B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资MAARIG
| Q4 25 | $60.3M | $620.0M | ||
| Q3 25 | $32.2M | $833.0M | ||
| Q2 25 | $54.5M | $377.0M | ||
| Q1 25 | $55.8M | $263.0M | ||
| Q4 24 | $43.0M | $560.0M | ||
| Q3 24 | $50.2M | $435.0M | ||
| Q2 24 | $62.8M | $475.0M | ||
| Q1 24 | $54.6M | $446.0M |
总债务MAARIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益MAARIG
| Q4 25 | $5.7B | $8.1B | ||
| Q3 25 | $5.8B | $8.1B | ||
| Q2 25 | $5.9B | $9.4B | ||
| Q1 25 | $5.9B | $10.2B | ||
| Q4 24 | $5.9B | $10.3B | ||
| Q3 24 | $5.9B | $10.2B | ||
| Q2 24 | $6.0B | $10.7B | ||
| Q1 24 | $6.1B | $10.5B |
总资产MAARIG
| Q4 25 | $12.0B | $15.6B | ||
| Q3 25 | $11.9B | $16.2B | ||
| Q2 25 | $11.8B | $17.8B | ||
| Q1 25 | $11.8B | $19.0B | ||
| Q4 24 | $11.8B | $19.4B | ||
| Q3 24 | $11.8B | $19.5B | ||
| Q2 24 | $11.6B | $20.3B | ||
| Q1 24 | $11.5B | $19.9B |
负债/权益比MAARIG
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 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 | $261.7M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $158.6M | $321.0M |
| 自由现金流率自由现金流/营收 | 28.5% | 30.8% |
| 资本支出强度资本支出/营收 | 18.6% | 2.7% |
| 现金转化率经营现金流/净利润 | 4.55× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $717.9M | $626.0M |
8季度趋势，按日历期对齐
经营现金流MAARIG
| Q4 25 | $261.7M | $349.0M | ||
| Q3 25 | $266.4M | $246.0M | ||
| Q2 25 | $353.4M | $128.0M | ||
| Q1 25 | $196.6M | $26.0M | ||
| Q4 24 | $239.1M | $206.0M | ||
| Q3 24 | $309.5M | $194.0M | ||
| Q2 24 | $349.4M | $133.0M | ||
| Q1 24 | $200.3M | $-86.0M |
自由现金流MAARIG
| Q4 25 | $158.6M | $321.0M | ||
| Q3 25 | $170.8M | $235.0M | ||
| Q2 25 | $264.5M | $104.0M | ||
| Q1 25 | $124.0M | $-34.0M | ||
| Q4 24 | $152.6M | $177.0M | ||
| Q3 24 | $215.5M | $136.0M | ||
| Q2 24 | $259.7M | $49.0M | ||
| Q1 24 | $148.2M | $-169.0M |
自由现金流率MAARIG
| Q4 25 | 28.5% | 30.8% | ||
| Q3 25 | 30.8% | 22.9% | ||
| Q2 25 | 48.1% | 10.5% | ||
| Q1 25 | 22.6% | -3.8% | ||
| Q4 24 | 27.8% | 18.6% | ||
| Q3 24 | 39.1% | 14.3% | ||
| Q2 24 | 47.5% | 5.7% | ||
| Q1 24 | 27.3% | -22.1% |
资本支出强度MAARIG
| Q4 25 | 18.6% | 2.7% | ||
| Q3 25 | 17.2% | 1.1% | ||
| Q2 25 | 16.2% | 2.4% | ||
| Q1 25 | 13.2% | 6.6% | ||
| Q4 24 | 15.7% | 3.0% | ||
| Q3 24 | 17.1% | 6.1% | ||
| Q2 24 | 16.4% | 9.8% | ||
| Q1 24 | 9.6% | 10.9% |
现金转化率MAARIG
| Q4 25 | 4.55× | 13.96× | ||
| Q3 25 | 2.68× | — | ||
| Q2 25 | 3.27× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.43× | 29.43× | ||
| Q3 24 | 2.69× | — | ||
| Q2 24 | 3.43× | — | ||
| Q1 24 | 1.39× | -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
MAA
| Same Store | $515.5M | 93% |
| Non Same Store And Other | $36.8M | 7% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
