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玛斯特锁（MBC）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玛斯特锁的1.6倍（$1.0B vs $644.6M），越洋钻探净利率更高（2.4% vs -6.5%，领先8.9%），越洋钻探同比增速更快（9.6% vs -3.5%），越洋钻探自由现金流更多（$321.0M vs $52.5M），过去两年越洋钻探的营收复合增速更高（16.9% vs 0.5%）
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
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。
MBC vs RIG — 直观对比
营收规模更大
RIG
是对方的1.6倍
$644.6M
营收增速更快
RIG
高出13.0%
-3.5%
净利率更高
RIG
高出8.9%
-6.5%
自由现金流更多
RIG
多$268.5M
$52.5M
两年增速更快
RIG
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $644.6M | $1.0B |
| 净利润 | $-42.0M | $25.0M |
| 毛利率 | 26.0% | 42.0% |
| 营业利润率 | -4.2% | 23.0% |
| 净利率 | -6.5% | 2.4% |
| 营收同比 | -3.5% | 9.6% |
| 净利润同比 | -400.0% | 257.1% |
| 每股收益（稀释后） | $-0.32 | $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MBCRIG
| Q4 25 | $644.6M | $1.0B | ||
| Q3 25 | $698.9M | $1.0B | ||
| Q2 25 | $730.9M | $988.0M | ||
| Q1 25 | $660.3M | $906.0M | ||
| Q4 24 | $667.7M | $952.0M | ||
| Q3 24 | $718.1M | $948.0M | ||
| Q2 24 | $676.5M | $861.0M | ||
| Q1 24 | $638.1M | $763.0M |
净利润MBCRIG
| Q4 25 | $-42.0M | $25.0M | ||
| Q3 25 | $18.1M | $-1.9B | ||
| Q2 25 | $37.3M | $-938.0M | ||
| Q1 25 | $13.3M | $-79.0M | ||
| Q4 24 | $14.0M | $7.0M | ||
| Q3 24 | $29.1M | $-494.0M | ||
| Q2 24 | $45.3M | $-123.0M | ||
| Q1 24 | $37.5M | $98.0M |
毛利率MBCRIG
| Q4 25 | 26.0% | 42.0% | ||
| Q3 25 | 31.2% | 43.2% | ||
| Q2 25 | 32.8% | 39.4% | ||
| Q1 25 | 30.6% | 31.8% | ||
| Q4 24 | 30.4% | 39.2% | ||
| Q3 24 | 33.1% | 40.6% | ||
| Q2 24 | 34.1% | 38.0% | ||
| Q1 24 | 32.1% | 31.5% |
营业利润率MBCRIG
| Q4 25 | -4.2% | 23.0% | ||
| Q3 25 | 6.0% | -163.1% | ||
| Q2 25 | 9.2% | -97.6% | ||
| Q1 25 | 5.6% | 7.1% | ||
| Q4 24 | 5.6% | 13.7% | ||
| Q3 24 | 8.0% | -51.2% | ||
| Q2 24 | 11.5% | -6.9% | ||
| Q1 24 | 9.8% | -0.4% |
净利率MBCRIG
| Q4 25 | -6.5% | 2.4% | ||
| Q3 25 | 2.6% | -187.1% | ||
| Q2 25 | 5.1% | -94.9% | ||
| Q1 25 | 2.0% | -8.7% | ||
| Q4 24 | 2.1% | 0.7% | ||
| Q3 24 | 4.1% | -52.1% | ||
| Q2 24 | 6.7% | -14.3% | ||
| Q1 24 | 5.9% | 12.8% |
每股收益（稀释后）MBCRIG
| Q4 25 | $-0.32 | $0.13 | ||
| Q3 25 | $0.14 | $-2.00 | ||
| Q2 25 | $0.29 | $-1.06 | ||
| Q1 25 | $0.10 | $-0.11 | ||
| Q4 24 | $0.10 | $-0.14 | ||
| Q3 24 | $0.22 | $-0.58 | ||
| Q2 24 | $0.35 | $-0.15 | ||
| Q1 24 | $0.29 | $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 | $183.3M | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $1.3B | $8.1B |
| 总资产 | $3.1B | $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MBCRIG
| Q4 25 | $183.3M | $620.0M | ||
| Q3 25 | $114.8M | $833.0M | ||
| Q2 25 | $120.1M | $377.0M | ||
| Q1 25 | $113.5M | $263.0M | ||
| Q4 24 | $120.6M | $560.0M | ||
| Q3 24 | $108.4M | $435.0M | ||
| Q2 24 | $189.4M | $475.0M | ||
| Q1 24 | $153.7M | $446.0M |
总债务MBCRIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | $1.0B | $6.2B | ||
| Q3 24 | $1.1B | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益MBCRIG
| Q4 25 | $1.3B | $8.1B | ||
| Q3 25 | $1.4B | $8.1B | ||
| Q2 25 | $1.4B | $9.4B | ||
| Q1 25 | $1.3B | $10.2B | ||
| Q4 24 | $1.3B | $10.3B | ||
| Q3 24 | $1.3B | $10.2B | ||
| Q2 24 | $1.3B | $10.7B | ||
| Q1 24 | $1.2B | $10.5B |
总资产MBCRIG
| Q4 25 | $3.1B | $15.6B | ||
| Q3 25 | $3.0B | $16.2B | ||
| Q2 25 | $3.0B | $17.8B | ||
| Q1 25 | $3.0B | $19.0B | ||
| Q4 24 | $2.9B | $19.4B | ||
| Q3 24 | $3.0B | $19.5B | ||
| Q2 24 | $2.4B | $20.3B | ||
| Q1 24 | $2.4B | $19.9B |
负债/权益比MBCRIG
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | 0.79× | 0.60× | ||
| Q3 24 | 0.83× | 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 | $86.9M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $52.5M | $321.0M |
| 自由现金流率自由现金流/营收 | 8.1% | 30.8% |
| 资本支出强度资本支出/营收 | 5.3% | 2.7% |
| 现金转化率经营现金流/净利润 | — | 13.96× |
| 过去12个月自由现金流最近4个季度 | $117.5M | $626.0M |
8季度趋势，按日历期对齐
经营现金流MBCRIG
| Q4 25 | $86.9M | $349.0M | ||
| Q3 25 | $55.4M | $246.0M | ||
| Q2 25 | $84.8M | $128.0M | ||
| Q1 25 | $-31.4M | $26.0M | ||
| Q4 24 | $115.1M | $206.0M | ||
| Q3 24 | $80.8M | $194.0M | ||
| Q2 24 | $77.4M | $133.0M | ||
| Q1 24 | $18.7M | $-86.0M |
自由现金流MBCRIG
| Q4 25 | $52.5M | $321.0M | ||
| Q3 25 | $39.5M | $235.0M | ||
| Q2 25 | $66.7M | $104.0M | ||
| Q1 25 | $-41.2M | $-34.0M | ||
| Q4 24 | $68.8M | $177.0M | ||
| Q3 24 | $64.5M | $136.0M | ||
| Q2 24 | $66.1M | $49.0M | ||
| Q1 24 | $11.7M | $-169.0M |
自由现金流率MBCRIG
| Q4 25 | 8.1% | 30.8% | ||
| Q3 25 | 5.7% | 22.9% | ||
| Q2 25 | 9.1% | 10.5% | ||
| Q1 25 | -6.2% | -3.8% | ||
| Q4 24 | 10.3% | 18.6% | ||
| Q3 24 | 9.0% | 14.3% | ||
| Q2 24 | 9.8% | 5.7% | ||
| Q1 24 | 1.8% | -22.1% |
资本支出强度MBCRIG
| Q4 25 | 5.3% | 2.7% | ||
| Q3 25 | 2.3% | 1.1% | ||
| Q2 25 | 2.5% | 2.4% | ||
| Q1 25 | 1.5% | 6.6% | ||
| Q4 24 | 6.9% | 3.0% | ||
| Q3 24 | 2.3% | 6.1% | ||
| Q2 24 | 1.7% | 9.8% | ||
| Q1 24 | 1.1% | 10.9% |
现金转化率MBCRIG
| Q4 25 | — | 13.96× | ||
| Q3 25 | 3.06× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | -2.36× | — | ||
| Q4 24 | 8.22× | 29.43× | ||
| Q3 24 | 2.78× | — | ||
| Q2 24 | 1.71× | — | ||
| Q1 24 | 0.50× | -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
MBC
| Dealers | $345.7M | 54% |
| Retail | $220.0M | 34% |
| Builders | $78.9M | 12% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
