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梅特勒-托利多（MTD）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
梅特勒-托利多的季度营收约是越洋钻探的1.1倍（$1.1B vs $1.0B），梅特勒-托利多净利率更高（25.3% vs 2.4%，领先22.9%），越洋钻探同比增速更快（9.6% vs 8.1%），越洋钻探自由现金流更多（$321.0M vs $184.1M），过去两年越洋钻探的营收复合增速更高（16.9% vs 10.5%）
梅特勒-托利多是全球知名的精密仪器及服务跨国供应商，业务覆盖实验室、工业生产、产品检测、食品零售等应用场景，旗下产品广泛应用于生命科学、食品、化工等众多行业的科研、质量管控及生产制造环节。
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。
MTD vs RIG — 直观对比
营收规模更大
MTD
是对方的1.1倍
$1.0B
营收增速更快
RIG
高出1.5%
8.1%
净利率更高
MTD
高出22.9%
2.4%
自由现金流更多
RIG
多$136.9M
$184.1M
两年增速更快
RIG
近两年复合增速
10.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.0B |
| 净利润 | $285.8M | $25.0M |
| 毛利率 | 59.8% | 42.0% |
| 营业利润率 | 29.1% | 23.0% |
| 净利率 | 25.3% | 2.4% |
| 营收同比 | 8.1% | 9.6% |
| 净利润同比 | 13.3% | 257.1% |
| 每股收益（稀释后） | $13.91 | $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MTDRIG
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $1.0B | $1.0B | ||
| Q2 25 | $983.2M | $988.0M | ||
| Q1 25 | $883.7M | $906.0M | ||
| Q4 24 | $1.0B | $952.0M | ||
| Q3 24 | $954.5M | $948.0M | ||
| Q2 24 | $946.8M | $861.0M | ||
| Q1 24 | $925.9M | $763.0M |
净利润MTDRIG
| Q4 25 | $285.8M | $25.0M | ||
| Q3 25 | $217.5M | $-1.9B | ||
| Q2 25 | $202.3M | $-938.0M | ||
| Q1 25 | $163.6M | $-79.0M | ||
| Q4 24 | $252.3M | $7.0M | ||
| Q3 24 | $211.5M | $-494.0M | ||
| Q2 24 | $221.8M | $-123.0M | ||
| Q1 24 | $177.5M | $98.0M |
毛利率MTDRIG
| Q4 25 | 59.8% | 42.0% | ||
| Q3 25 | 59.2% | 43.2% | ||
| Q2 25 | 59.0% | 39.4% | ||
| Q1 25 | 59.5% | 31.8% | ||
| Q4 24 | 61.2% | 39.2% | ||
| Q3 24 | 60.0% | 40.6% | ||
| Q2 24 | 59.7% | 38.0% | ||
| Q1 24 | 59.2% | 31.5% |
营业利润率MTDRIG
| Q4 25 | 29.1% | 23.0% | ||
| Q3 25 | 26.1% | -163.1% | ||
| Q2 25 | 25.3% | -97.6% | ||
| Q1 25 | 22.9% | 7.1% | ||
| Q4 24 | 30.1% | 13.7% | ||
| Q3 24 | 27.1% | -51.2% | ||
| Q2 24 | 25.7% | -6.9% | ||
| Q1 24 | 23.8% | -0.4% |
净利率MTDRIG
| Q4 25 | 25.3% | 2.4% | ||
| Q3 25 | 21.1% | -187.1% | ||
| Q2 25 | 20.6% | -94.9% | ||
| Q1 25 | 18.5% | -8.7% | ||
| Q4 24 | 24.1% | 0.7% | ||
| Q3 24 | 22.2% | -52.1% | ||
| Q2 24 | 23.4% | -14.3% | ||
| Q1 24 | 19.2% | 12.8% |
每股收益（稀释后）MTDRIG
| Q4 25 | $13.91 | $0.13 | ||
| Q3 25 | $10.57 | $-2.00 | ||
| Q2 25 | $9.76 | $-1.06 | ||
| Q1 25 | $7.81 | $-0.11 | ||
| Q4 24 | $11.91 | $-0.14 | ||
| Q3 24 | $9.96 | $-0.58 | ||
| Q2 24 | $10.37 | $-0.15 | ||
| Q1 24 | $8.24 | $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 | — | $620.0M |
| 总债务越低越好 | $2.1B | $5.2B |
| 股东权益账面价值 | $-23.6M | $8.1B |
| 总资产 | $3.7B | $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MTDRIG
| Q4 25 | — | $620.0M | ||
| Q3 25 | $69.1M | $833.0M | ||
| Q2 25 | $61.8M | $377.0M | ||
| Q1 25 | — | $263.0M | ||
| Q4 24 | $59.4M | $560.0M | ||
| Q3 24 | $71.6M | $435.0M | ||
| Q2 24 | $70.8M | $475.0M | ||
| Q1 24 | — | $446.0M |
总债务MTDRIG
| Q4 25 | $2.1B | $5.2B | ||
| Q3 25 | $2.1B | $4.8B | ||
| Q2 25 | $2.1B | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | $1.8B | $6.2B | ||
| Q3 24 | $1.9B | $6.5B | ||
| Q2 24 | $1.7B | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益MTDRIG
| Q4 25 | $-23.6M | $8.1B | ||
| Q3 25 | $-249.2M | $8.1B | ||
| Q2 25 | $-258.8M | $9.4B | ||
| Q1 25 | $-182.0M | $10.2B | ||
| Q4 24 | $-126.9M | $10.3B | ||
| Q3 24 | $-154.4M | $10.2B | ||
| Q2 24 | $-152.8M | $10.7B | ||
| Q1 24 | $-158.7M | $10.5B |
总资产MTDRIG
| Q4 25 | $3.7B | $15.6B | ||
| Q3 25 | $3.5B | $16.2B | ||
| Q2 25 | $3.4B | $17.8B | ||
| Q1 25 | $3.2B | $19.0B | ||
| Q4 24 | $3.2B | $19.4B | ||
| Q3 24 | $3.3B | $19.5B | ||
| Q2 24 | $3.2B | $20.3B | ||
| Q1 24 | $3.3B | $19.9B |
负债/权益比MTDRIG
| 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 | $225.6M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $184.1M | $321.0M |
| 自由现金流率自由现金流/营收 | 16.3% | 30.8% |
| 资本支出强度资本支出/营收 | 3.7% | 2.7% |
| 现金转化率经营现金流/净利润 | 0.79× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $848.6M | $626.0M |
8季度趋势，按日历期对齐
经营现金流MTDRIG
| Q4 25 | $225.6M | $349.0M | ||
| Q3 25 | $299.4M | $246.0M | ||
| Q2 25 | $236.4M | $128.0M | ||
| Q1 25 | $194.4M | $26.0M | ||
| Q4 24 | $266.2M | $206.0M | ||
| Q3 24 | $254.7M | $194.0M | ||
| Q2 24 | $257.5M | $133.0M | ||
| Q1 24 | $190.0M | $-86.0M |
自由现金流MTDRIG
| Q4 25 | $184.1M | $321.0M | ||
| Q3 25 | $274.9M | $235.0M | ||
| Q2 25 | $212.5M | $104.0M | ||
| Q1 25 | $177.2M | $-34.0M | ||
| Q4 24 | $224.9M | $177.0M | ||
| Q3 24 | $233.2M | $136.0M | ||
| Q2 24 | $233.7M | $49.0M | ||
| Q1 24 | $172.6M | $-169.0M |
自由现金流率MTDRIG
| Q4 25 | 16.3% | 30.8% | ||
| Q3 25 | 26.7% | 22.9% | ||
| Q2 25 | 21.6% | 10.5% | ||
| Q1 25 | 20.1% | -3.8% | ||
| Q4 24 | 21.5% | 18.6% | ||
| Q3 24 | 24.4% | 14.3% | ||
| Q2 24 | 24.7% | 5.7% | ||
| Q1 24 | 18.6% | -22.1% |
资本支出强度MTDRIG
| Q4 25 | 3.7% | 2.7% | ||
| Q3 25 | 2.4% | 1.1% | ||
| Q2 25 | 2.4% | 2.4% | ||
| Q1 25 | 2.0% | 6.6% | ||
| Q4 24 | 3.9% | 3.0% | ||
| Q3 24 | 2.2% | 6.1% | ||
| Q2 24 | 2.5% | 9.8% | ||
| Q1 24 | 1.9% | 10.9% |
现金转化率MTDRIG
| Q4 25 | 0.79× | 13.96× | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 1.17× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.06× | 29.43× | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 1.16× | — | ||
| Q1 24 | 1.07× | -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
MTD
| Products | $857.0M | 76% |
| Services | $272.8M | 24% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
