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NABORS INDUSTRIES LTD（NBR）与Seadrill Ltd（SDRL）财务数据对比。点击上方公司名可切换其他公司
NABORS INDUSTRIES LTD的季度营收约是Seadrill Ltd的2.9倍（$797.5M vs $273.0M）。NABORS INDUSTRIES LTD净利率更高（1.3% vs -3.7%，领先5.0%）。过去两年NABORS INDUSTRIES LTD的营收复合增速更高（4.3% vs -8.9%）
纳博斯工业有限公司是总部位于美国得克萨斯州休斯顿的全球油气钻井承包商，在行业内拥有领先规模。公司目前运营着全球第二大的陆地钻井平台船队，总计超过250座钻井平台在全球20个国家开展作业，是油气勘探开发领域重要的服务提供商。
Seadrill是一家海洋钻井承包商，为全球油气行业提供海上钻井服务，核心业务是持有并运营钻井船、半潜式钻井平台和自升式钻井平台，可覆盖浅海到超深海、温和及恶劣海况等不同作业场景，主要客户涵盖国际石油巨头、一体化油气企业、国有石油公司及独立油气生产商，服务均基于合同模式提供。
NBR vs SDRL — 直观对比
营收规模更大
NBR
是对方的2.9倍
$273.0M
净利率更高
NBR
高出5.0%
-3.7%
两年增速更快
NBR
近两年复合增速
-8.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $797.5M | $273.0M |
| 净利润 | $10.3M | $-10.0M |
| 毛利率 | — | — |
| 营业利润率 | 27.4% | -1.1% |
| 净利率 | 1.3% | -3.7% |
| 营收同比 | 9.3% | — |
| 净利润同比 | 119.3% | — |
| 每股收益（稀释后） | $1.07 | — |
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NBRSDRL
| Q4 25 | $797.5M | $273.0M | ||
| Q3 25 | $818.2M | $280.0M | ||
| Q2 25 | $832.8M | $288.0M | ||
| Q1 25 | $736.2M | $248.0M | ||
| Q4 24 | $729.8M | — | ||
| Q3 24 | $731.8M | $263.0M | ||
| Q2 24 | $734.8M | $267.0M | ||
| Q1 24 | $733.7M | $275.0M |
净利润NBRSDRL
| Q4 25 | $10.3M | $-10.0M | ||
| Q3 25 | $274.2M | $-11.0M | ||
| Q2 25 | $-30.9M | $-42.0M | ||
| Q1 25 | $33.0M | $-14.0M | ||
| Q4 24 | $-53.7M | — | ||
| Q3 24 | $-55.8M | $32.0M | ||
| Q2 24 | $-32.3M | $253.0M | ||
| Q1 24 | $-34.3M | $60.0M |
毛利率NBRSDRL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 41.0% | — | ||
| Q2 24 | 40.1% | — | ||
| Q1 24 | 40.4% | — |
营业利润率NBRSDRL
| Q4 25 | 27.4% | -1.1% | ||
| Q3 25 | 15.6% | 9.3% | ||
| Q2 25 | 8.8% | 2.1% | ||
| Q1 25 | 7.0% | 7.3% | ||
| Q4 24 | 26.0% | — | ||
| Q3 24 | 14.5% | 17.9% | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | 8.6% | 29.1% |
净利率NBRSDRL
| Q4 25 | 1.3% | -3.7% | ||
| Q3 25 | 33.5% | -3.9% | ||
| Q2 25 | -3.7% | -14.6% | ||
| Q1 25 | 4.5% | -5.6% | ||
| Q4 24 | -7.4% | — | ||
| Q3 24 | -7.6% | 12.2% | ||
| Q2 24 | -4.4% | 94.8% | ||
| Q1 24 | -4.7% | 21.8% |
每股收益（稀释后）NBRSDRL
| Q4 25 | $1.07 | — | ||
| Q3 25 | $16.85 | $-0.17 | ||
| Q2 25 | $-2.71 | $-0.68 | ||
| Q1 25 | $2.18 | $-0.23 | ||
| Q4 24 | $-6.68 | — | ||
| Q3 24 | $-6.86 | $0.49 | ||
| Q2 24 | $-4.29 | $3.49 | ||
| Q1 24 | $-4.54 | $0.81 |
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 | $940.7M | $339.0M |
| 总债务越低越好 | — | $613.0M |
| 股东权益账面价值 | $590.7M | $2.9B |
| 总资产 | $4.8B | $3.9B |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资NBRSDRL
| Q4 25 | $940.7M | $339.0M | ||
| Q3 25 | $428.1M | $402.0M | ||
| Q2 25 | $387.4M | $393.0M | ||
| Q1 25 | $404.1M | $404.0M | ||
| Q4 24 | $397.3M | — | ||
| Q3 24 | $459.3M | — | ||
| Q2 24 | $473.6M | $835.0M | ||
| Q1 24 | $425.6M | — |
总债务NBRSDRL
| Q4 25 | — | $613.0M | ||
| Q3 25 | — | $612.0M | ||
| Q2 25 | — | $612.0M | ||
| Q1 25 | — | $611.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $609.0M | ||
| Q1 24 | — | — |
股东权益NBRSDRL
| Q4 25 | $590.7M | $2.9B | ||
| Q3 25 | $579.8M | $2.9B | ||
| Q2 25 | $308.0M | $2.9B | ||
| Q1 25 | $342.7M | $2.9B | ||
| Q4 24 | $135.0M | — | ||
| Q3 24 | $191.4M | $2.9B | ||
| Q2 24 | $250.4M | $3.1B | ||
| Q1 24 | $286.3M | $2.9B |
总资产NBRSDRL
| Q4 25 | $4.8B | $3.9B | ||
| Q3 25 | $4.8B | $4.1B | ||
| Q2 25 | $5.0B | $4.1B | ||
| Q1 25 | $5.0B | $4.1B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $4.6B | $4.3B | ||
| Q1 24 | $4.6B | — |
负债/权益比NBRSDRL
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | — |
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 | $245.8M | $-40.0M |
| 自由现金流经营现金流 - 资本支出 | $83.8M | — |
| 自由现金流率自由现金流/营收 | 10.5% | — |
| 资本支出强度资本支出/营收 | 20.3% | — |
| 现金转化率经营现金流/净利润 | 23.76× | — |
| 过去12个月自由现金流最近4个季度 | $-22.7M | — |
8季度趋势，按日历期对齐
经营现金流NBRSDRL
| Q4 25 | $245.8M | $-40.0M | ||
| Q3 25 | $207.9M | $28.0M | ||
| Q2 25 | $151.8M | $11.0M | ||
| Q1 25 | $87.7M | $-27.0M | ||
| Q4 24 | $148.9M | — | ||
| Q3 24 | $143.6M | $-27.0M | ||
| Q2 24 | $181.7M | $79.0M | ||
| Q1 24 | $107.2M | $29.0M |
自由现金流NBRSDRL
| Q4 25 | $83.8M | — | ||
| Q3 25 | $-2.1M | — | ||
| Q2 25 | $-27.1M | — | ||
| Q1 25 | $-77.2M | — | ||
| Q4 24 | $-59.1M | — | ||
| Q3 24 | $15.7M | — | ||
| Q2 24 | $54.3M | — | ||
| Q1 24 | $2.6M | — |
自由现金流率NBRSDRL
| Q4 25 | 10.5% | — | ||
| Q3 25 | -0.3% | — | ||
| Q2 25 | -3.3% | — | ||
| Q1 25 | -10.5% | — | ||
| Q4 24 | -8.1% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 0.4% | — |
资本支出强度NBRSDRL
| Q4 25 | 20.3% | — | ||
| Q3 25 | 25.7% | — | ||
| Q2 25 | 21.5% | — | ||
| Q1 25 | 22.4% | — | ||
| Q4 24 | 28.5% | — | ||
| Q3 24 | 17.5% | — | ||
| Q2 24 | 17.3% | — | ||
| Q1 24 | 14.3% | — |
现金转化率NBRSDRL
| Q4 25 | 23.76× | — | ||
| Q3 25 | 0.76× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.66× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.84× | ||
| Q2 24 | — | 0.31× | ||
| Q1 24 | — | 0.48× |
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
NBR
| International Excluding Canada | $423.8M | 53% |
| Other | $228.1M | 29% |
| Drilling Solutions | $107.9M | 14% |
| Rig Technologies | $37.7M | 5% |
SDRL
暂无分部数据
