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摩丁制造（MOD）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摩丁制造的1.3倍（$1.0B vs $805.0M），越洋钻探净利率更高（2.4% vs -5.9%，领先8.3%），摩丁制造同比增速更快（30.5% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $-17.1M），过去两年越洋钻探的营收复合增速更高（16.9% vs 15.5%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
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。
MOD vs RIG — 直观对比
营收规模更大
RIG
是对方的1.3倍
$805.0M
营收增速更快
MOD
高出21.0%
9.6%
净利率更高
RIG
高出8.3%
-5.9%
自由现金流更多
RIG
多$338.1M
$-17.1M
两年增速更快
RIG
近两年复合增速
15.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $1.0B |
| 净利润 | $-47.4M | $25.0M |
| 毛利率 | 23.1% | 42.0% |
| 营业利润率 | 11.1% | 23.0% |
| 净利率 | -5.9% | 2.4% |
| 营收同比 | 30.5% | 9.6% |
| 净利润同比 | -215.6% | 257.1% |
| 每股收益（稀释后） | $-0.90 | $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MODRIG
| Q4 25 | $805.0M | $1.0B | ||
| Q3 25 | $738.9M | $1.0B | ||
| Q2 25 | $682.8M | $988.0M | ||
| Q1 25 | $647.2M | $906.0M | ||
| Q4 24 | $616.8M | $952.0M | ||
| Q3 24 | $658.0M | $948.0M | ||
| Q2 24 | $661.5M | $861.0M | ||
| Q1 24 | $603.5M | $763.0M |
净利润MODRIG
| Q4 25 | $-47.4M | $25.0M | ||
| Q3 25 | $44.4M | $-1.9B | ||
| Q2 25 | $51.2M | $-938.0M | ||
| Q1 25 | $49.6M | $-79.0M | ||
| Q4 24 | $41.0M | $7.0M | ||
| Q3 24 | $46.1M | $-494.0M | ||
| Q2 24 | $47.3M | $-123.0M | ||
| Q1 24 | $25.8M | $98.0M |
毛利率MODRIG
| Q4 25 | 23.1% | 42.0% | ||
| Q3 25 | 22.3% | 43.2% | ||
| Q2 25 | 24.2% | 39.4% | ||
| Q1 25 | 25.6% | 31.8% | ||
| Q4 24 | 24.3% | 39.2% | ||
| Q3 24 | 25.2% | 40.6% | ||
| Q2 24 | 24.6% | 38.0% | ||
| Q1 24 | 22.4% | 31.5% |
营业利润率MODRIG
| Q4 25 | 11.1% | 23.0% | ||
| Q3 25 | 9.9% | -163.1% | ||
| Q2 25 | 11.1% | -97.6% | ||
| Q1 25 | 11.5% | 7.1% | ||
| Q4 24 | 9.6% | 13.7% | ||
| Q3 24 | 11.4% | -51.2% | ||
| Q2 24 | 11.2% | -6.9% | ||
| Q1 24 | 7.8% | -0.4% |
净利率MODRIG
| Q4 25 | -5.9% | 2.4% | ||
| Q3 25 | 6.0% | -187.1% | ||
| Q2 25 | 7.5% | -94.9% | ||
| Q1 25 | 7.7% | -8.7% | ||
| Q4 24 | 6.6% | 0.7% | ||
| Q3 24 | 7.0% | -52.1% | ||
| Q2 24 | 7.2% | -14.3% | ||
| Q1 24 | 4.3% | 12.8% |
每股收益（稀释后）MODRIG
| Q4 25 | $-0.90 | $0.13 | ||
| Q3 25 | $0.83 | $-2.00 | ||
| Q2 25 | $0.95 | $-1.06 | ||
| Q1 25 | $0.92 | $-0.11 | ||
| Q4 24 | $0.76 | $-0.14 | ||
| Q3 24 | $0.86 | $-0.58 | ||
| Q2 24 | $0.88 | $-0.15 | ||
| Q1 24 | $0.48 | $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 | $98.7M | $620.0M |
| 总债务越低越好 | $570.7M | $5.2B |
| 股东权益账面价值 | $1.1B | $8.1B |
| 总资产 | $2.5B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资MODRIG
| Q4 25 | $98.7M | $620.0M | ||
| Q3 25 | $83.8M | $833.0M | ||
| Q2 25 | $124.5M | $377.0M | ||
| Q1 25 | $71.6M | $263.0M | ||
| Q4 24 | $83.8M | $560.0M | ||
| Q3 24 | $78.6M | $435.0M | ||
| Q2 24 | $72.9M | $475.0M | ||
| Q1 24 | $60.1M | $446.0M |
总债务MODRIG
| Q4 25 | $570.7M | $5.2B | ||
| Q3 25 | $525.8M | $4.8B | ||
| Q2 25 | $482.1M | $5.9B | ||
| Q1 25 | $296.7M | $5.9B | ||
| Q4 24 | $330.0M | $6.2B | ||
| Q3 24 | $359.1M | $6.5B | ||
| Q2 24 | $405.7M | $6.8B | ||
| Q1 24 | $399.9M | $6.8B |
股东权益MODRIG
| Q4 25 | $1.1B | $8.1B | ||
| Q3 25 | $1.1B | $8.1B | ||
| Q2 25 | $1.0B | $9.4B | ||
| Q1 25 | $910.2M | $10.2B | ||
| Q4 24 | $855.1M | $10.3B | ||
| Q3 24 | $858.8M | $10.2B | ||
| Q2 24 | $788.4M | $10.7B | ||
| Q1 24 | $747.6M | $10.5B |
总资产MODRIG
| Q4 25 | $2.5B | $15.6B | ||
| Q3 25 | $2.4B | $16.2B | ||
| Q2 25 | $2.2B | $17.8B | ||
| Q1 25 | $1.9B | $19.0B | ||
| Q4 24 | $1.8B | $19.4B | ||
| Q3 24 | $1.9B | $19.5B | ||
| Q2 24 | $1.9B | $20.3B | ||
| Q1 24 | $1.9B | $19.9B |
负债/权益比MODRIG
| Q4 25 | 0.51× | 0.64× | ||
| Q3 25 | 0.50× | 0.60× | ||
| Q2 25 | 0.48× | 0.63× | ||
| Q1 25 | 0.33× | 0.58× | ||
| Q4 24 | 0.39× | 0.60× | ||
| Q3 24 | 0.42× | 0.64× | ||
| Q2 24 | 0.51× | 0.63× | ||
| Q1 24 | 0.53× | 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 | $24.7M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $321.0M |
| 自由现金流率自由现金流/营收 | -2.1% | 30.8% |
| 资本支出强度资本支出/营收 | 5.2% | 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 | $-20.3M | $626.0M |
8季度趋势，按日历期对齐
经营现金流MODRIG
| Q4 25 | $24.7M | $349.0M | ||
| Q3 25 | $1.4M | $246.0M | ||
| Q2 25 | $27.7M | $128.0M | ||
| Q1 25 | $54.8M | $26.0M | ||
| Q4 24 | $60.7M | $206.0M | ||
| Q3 24 | $57.3M | $194.0M | ||
| Q2 24 | $40.5M | $133.0M | ||
| Q1 24 | $39.6M | $-86.0M |
自由现金流MODRIG
| Q4 25 | $-17.1M | $321.0M | ||
| Q3 25 | $-30.5M | $235.0M | ||
| Q2 25 | $200.0K | $104.0M | ||
| Q1 25 | $27.1M | $-34.0M | ||
| Q4 24 | $44.7M | $177.0M | ||
| Q3 24 | $43.8M | $136.0M | ||
| Q2 24 | $13.7M | $49.0M | ||
| Q1 24 | $-4.3M | $-169.0M |
自由现金流率MODRIG
| Q4 25 | -2.1% | 30.8% | ||
| Q3 25 | -4.1% | 22.9% | ||
| Q2 25 | 0.0% | 10.5% | ||
| Q1 25 | 4.2% | -3.8% | ||
| Q4 24 | 7.2% | 18.6% | ||
| Q3 24 | 6.7% | 14.3% | ||
| Q2 24 | 2.1% | 5.7% | ||
| Q1 24 | -0.7% | -22.1% |
资本支出强度MODRIG
| Q4 25 | 5.2% | 2.7% | ||
| Q3 25 | 4.3% | 1.1% | ||
| Q2 25 | 4.0% | 2.4% | ||
| Q1 25 | 4.3% | 6.6% | ||
| Q4 24 | 2.6% | 3.0% | ||
| Q3 24 | 2.1% | 6.1% | ||
| Q2 24 | 4.1% | 9.8% | ||
| Q1 24 | 7.3% | 10.9% |
现金转化率MODRIG
| Q4 25 | — | 13.96× | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.48× | 29.43× | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.86× | — | ||
| Q1 24 | 1.53× | -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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
