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NCR Atleos Corp（NATL）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
NCR Atleos Corp的季度营收约是越洋钻探的1.1倍（$1.2B vs $1.0B），NCR Atleos Corp净利率更高（7.2% vs 2.4%，领先4.8%），越洋钻探同比增速更快（9.6% vs 4.0%），越洋钻探自由现金流更多（$321.0M vs $194.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs 4.9%）
NCR Atleos Corp 前身为NCR公司（National Cash Register），是全球知名的软件、咨询与技术企业，提供多元专业服务与电子产品，业务覆盖自助服务 kiosk、销售点终端、自动柜员机、支票处理系统、条码扫描器等商用软硬件的研发与生产，服务全球各行业客户的数字化运营需求。
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。
NATL vs RIG — 直观对比
营收规模更大
NATL
是对方的1.1倍
$1.0B
营收增速更快
RIG
高出5.6%
4.0%
净利率更高
NATL
高出4.8%
2.4%
自由现金流更多
RIG
多$127.0M
$194.0M
两年增速更快
RIG
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.0B |
| 净利润 | $83.0M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 13.5% | 23.0% |
| 净利率 | 7.2% | 2.4% |
| 营收同比 | 4.0% | 9.6% |
| 净利润同比 | 102.4% | 257.1% |
| 每股收益（稀释后） | $1.09 | $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NATLRIG
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.1B | $988.0M | ||
| Q1 25 | $979.0M | $906.0M | ||
| Q4 24 | $1.1B | $952.0M | ||
| Q3 24 | $1.1B | $948.0M | ||
| Q2 24 | $1.1B | $861.0M | ||
| Q1 24 | $1.0B | $763.0M |
净利润NATLRIG
| Q4 25 | $83.0M | $25.0M | ||
| Q3 25 | $26.0M | $-1.9B | ||
| Q2 25 | $39.0M | $-938.0M | ||
| Q1 25 | $14.0M | $-79.0M | ||
| Q4 24 | $41.0M | $7.0M | ||
| Q3 24 | $21.0M | $-494.0M | ||
| Q2 24 | $27.0M | $-123.0M | ||
| Q1 24 | $-9.0M | $98.0M |
毛利率NATLRIG
| 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NATLRIG
| Q4 25 | 13.5% | 23.0% | ||
| Q3 25 | 9.8% | -163.1% | ||
| Q2 25 | 10.8% | -97.6% | ||
| Q1 25 | 9.5% | 7.1% | ||
| Q4 24 | 13.4% | 13.7% | ||
| Q3 24 | 10.6% | -51.2% | ||
| Q2 24 | 9.8% | -6.9% | ||
| Q1 24 | 6.5% | -0.4% |
净利率NATLRIG
| Q4 25 | 7.2% | 2.4% | ||
| Q3 25 | 2.3% | -187.1% | ||
| Q2 25 | 3.5% | -94.9% | ||
| Q1 25 | 1.4% | -8.7% | ||
| Q4 24 | 3.7% | 0.7% | ||
| Q3 24 | 2.0% | -52.1% | ||
| Q2 24 | 2.5% | -14.3% | ||
| Q1 24 | -0.9% | 12.8% |
每股收益（稀释后）NATLRIG
| Q4 25 | $1.09 | $0.13 | ||
| Q3 25 | $0.34 | $-2.00 | ||
| Q2 25 | $0.52 | $-1.06 | ||
| Q1 25 | $0.19 | $-0.11 | ||
| Q4 24 | $0.56 | $-0.14 | ||
| Q3 24 | $0.28 | $-0.58 | ||
| Q2 24 | $0.37 | $-0.15 | ||
| Q1 24 | $-0.13 | $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 | $456.0M | $620.0M |
| 总债务越低越好 | $2.7B | $5.2B |
| 股东权益账面价值 | $403.0M | $8.1B |
| 总资产 | $5.7B | $15.6B |
| 负债/权益比越低杠杆越低 | 6.63× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资NATLRIG
| Q4 25 | $456.0M | $620.0M | ||
| Q3 25 | $412.0M | $833.0M | ||
| Q2 25 | $357.0M | $377.0M | ||
| Q1 25 | $352.0M | $263.0M | ||
| Q4 24 | $419.0M | $560.0M | ||
| Q3 24 | $395.0M | $435.0M | ||
| Q2 24 | $374.0M | $475.0M | ||
| Q1 24 | $343.0M | $446.0M |
总债务NATLRIG
| Q4 25 | $2.7B | $5.2B | ||
| Q3 25 | $2.8B | $4.8B | ||
| Q2 25 | $2.8B | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | $2.9B | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益NATLRIG
| Q4 25 | $403.0M | $8.1B | ||
| Q3 25 | $330.0M | $8.1B | ||
| Q2 25 | $350.0M | $9.4B | ||
| Q1 25 | $275.0M | $10.2B | ||
| Q4 24 | $219.0M | $10.3B | ||
| Q3 24 | $264.0M | $10.2B | ||
| Q2 24 | $250.0M | $10.7B | ||
| Q1 24 | $283.0M | $10.5B |
总资产NATLRIG
| Q4 25 | $5.7B | $15.6B | ||
| Q3 25 | $5.7B | $16.2B | ||
| Q2 25 | $5.8B | $17.8B | ||
| Q1 25 | $5.7B | $19.0B | ||
| Q4 24 | $5.5B | $19.4B | ||
| Q3 24 | $5.7B | $19.5B | ||
| Q2 24 | $5.8B | $20.3B | ||
| Q1 24 | $5.8B | $19.9B |
负债/权益比NATLRIG
| Q4 25 | 6.63× | 0.64× | ||
| Q3 25 | 8.45× | 0.60× | ||
| Q2 25 | 8.05× | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | 13.05× | 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 | $231.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $194.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 16.8% | 30.8% |
| 资本支出强度资本支出/营收 | 3.2% | 2.7% |
| 现金转化率经营现金流/净利润 | 2.78× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $239.0M | $626.0M |
8季度趋势，按日历期对齐
经营现金流NATLRIG
| Q4 25 | $231.0M | $349.0M | ||
| Q3 25 | $25.0M | $246.0M | ||
| Q2 25 | $-23.0M | $128.0M | ||
| Q1 25 | $123.0M | $26.0M | ||
| Q4 24 | $80.0M | $206.0M | ||
| Q3 24 | $107.0M | $194.0M | ||
| Q2 24 | $9.0M | $133.0M | ||
| Q1 24 | $148.0M | $-86.0M |
自由现金流NATLRIG
| Q4 25 | $194.0M | $321.0M | ||
| Q3 25 | $-5.0M | $235.0M | ||
| Q2 25 | $-44.0M | $104.0M | ||
| Q1 25 | $94.0M | $-34.0M | ||
| Q4 24 | $62.0M | $177.0M | ||
| Q3 24 | $85.0M | $136.0M | ||
| Q2 24 | $-14.0M | $49.0M | ||
| Q1 24 | $124.0M | $-169.0M |
自由现金流率NATLRIG
| Q4 25 | 16.8% | 30.8% | ||
| Q3 25 | -0.4% | 22.9% | ||
| Q2 25 | -4.0% | 10.5% | ||
| Q1 25 | 9.6% | -3.8% | ||
| Q4 24 | 5.6% | 18.6% | ||
| Q3 24 | 7.9% | 14.3% | ||
| Q2 24 | -1.3% | 5.7% | ||
| Q1 24 | 11.9% | -22.1% |
资本支出强度NATLRIG
| Q4 25 | 3.2% | 2.7% | ||
| Q3 25 | 2.7% | 1.1% | ||
| Q2 25 | 1.9% | 2.4% | ||
| Q1 25 | 3.0% | 6.6% | ||
| Q4 24 | 1.6% | 3.0% | ||
| Q3 24 | 2.1% | 6.1% | ||
| Q2 24 | 2.1% | 9.8% | ||
| Q1 24 | 2.3% | 10.9% |
现金转化率NATLRIG
| Q4 25 | 2.78× | 13.96× | ||
| Q3 25 | 0.96× | — | ||
| Q2 25 | -0.59× | — | ||
| Q1 25 | 8.79× | — | ||
| Q4 24 | 1.95× | 29.43× | ||
| Q3 24 | 5.10× | — | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | — | -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
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
