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NATIONAL FUEL GAS CO（NFG）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NATIONAL FUEL GAS CO的2.4倍（$1.0B vs $425.9M），NATIONAL FUEL GAS CO净利率更高（35.7% vs 2.4%，领先33.3%），越洋钻探同比增速更快（9.6% vs 1.7%），过去两年越洋钻探的营收复合增速更高（16.9% vs 12.1%）
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
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。
NFG vs RIG — 直观对比
营收规模更大
RIG
是对方的2.4倍
$425.9M
营收增速更快
RIG
高出7.8%
1.7%
净利率更高
NFG
高出33.3%
2.4%
两年增速更快
RIG
近两年复合增速
12.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $425.9M | $1.0B |
| 净利润 | $152.0M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 81.5% | 23.0% |
| 净利率 | 35.7% | 2.4% |
| 营收同比 | 1.7% | 9.6% |
| 净利润同比 | — | 257.1% |
| 每股收益（稀释后） | $1.59 | $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NFGRIG
| Q1 26 | $425.9M | — | ||
| Q4 25 | $637.9M | $1.0B | ||
| Q3 25 | $443.1M | $1.0B | ||
| Q2 25 | $527.4M | $988.0M | ||
| Q1 25 | $734.8M | $906.0M | ||
| Q4 24 | $513.8M | $952.0M | ||
| Q3 24 | $310.0M | $948.0M | ||
| Q2 24 | $338.6M | $861.0M |
净利润NFGRIG
| Q1 26 | $152.0M | — | ||
| Q4 25 | $181.6M | $25.0M | ||
| Q3 25 | $107.3M | $-1.9B | ||
| Q2 25 | $149.8M | $-938.0M | ||
| Q1 25 | $216.4M | $-79.0M | ||
| Q4 24 | $45.0M | $7.0M | ||
| Q3 24 | $-167.6M | $-494.0M | ||
| Q2 24 | $-54.2M | $-123.0M |
毛利率NFGRIG
| Q1 26 | — | — | ||
| Q4 25 | 86.6% | 42.0% | ||
| Q3 25 | — | 43.2% | ||
| Q2 25 | 94.7% | 39.4% | ||
| Q1 25 | 81.6% | 31.8% | ||
| Q4 24 | 87.3% | 39.2% | ||
| Q3 24 | — | 40.6% | ||
| Q2 24 | 98.5% | 38.0% |
营业利润率NFGRIG
| Q1 26 | 81.5% | — | ||
| Q4 25 | 43.3% | 23.0% | ||
| Q3 25 | 40.6% | -163.1% | ||
| Q2 25 | 43.7% | -97.6% | ||
| Q1 25 | 43.2% | 7.1% | ||
| Q4 24 | 16.8% | 13.7% | ||
| Q3 24 | -63.4% | -51.2% | ||
| Q2 24 | -15.2% | -6.9% |
净利率NFGRIG
| Q1 26 | 35.7% | — | ||
| Q4 25 | 28.5% | 2.4% | ||
| Q3 25 | 24.2% | -187.1% | ||
| Q2 25 | 28.4% | -94.9% | ||
| Q1 25 | 29.4% | -8.7% | ||
| Q4 24 | 8.8% | 0.7% | ||
| Q3 24 | -54.1% | -52.1% | ||
| Q2 24 | -16.0% | -14.3% |
每股收益（稀释后）NFGRIG
| Q1 26 | $1.59 | — | ||
| Q4 25 | $1.98 | $0.13 | ||
| Q3 25 | $1.18 | $-2.00 | ||
| Q2 25 | $1.64 | $-1.06 | ||
| Q1 25 | $2.37 | $-0.11 | ||
| Q4 24 | $0.49 | $-0.14 | ||
| Q3 24 | $-1.81 | $-0.58 | ||
| Q2 24 | $-0.59 | $-0.15 |
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 | $300.0M | $5.2B |
| 股东权益账面价值 | — | $8.1B |
| 总资产 | $9.1B | $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NFGRIG
| Q1 26 | — | — | ||
| Q4 25 | $271.4M | $620.0M | ||
| Q3 25 | $43.2M | $833.0M | ||
| Q2 25 | $39.3M | $377.0M | ||
| Q1 25 | $40.0M | $263.0M | ||
| Q4 24 | $48.7M | $560.0M | ||
| Q3 24 | $38.2M | $435.0M | ||
| Q2 24 | $81.4M | $475.0M |
总债务NFGRIG
| Q1 26 | $300.0M | — | ||
| Q4 25 | $2.7B | $5.2B | ||
| Q3 25 | $2.7B | $4.8B | ||
| Q2 25 | $2.7B | $5.9B | ||
| Q1 25 | $2.7B | $5.9B | ||
| Q4 24 | $2.7B | $6.2B | ||
| Q3 24 | $2.7B | $6.5B | ||
| Q2 24 | $2.7B | $6.8B |
股东权益NFGRIG
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $8.1B | ||
| Q3 25 | $3.1B | $8.1B | ||
| Q2 25 | $3.0B | $9.4B | ||
| Q1 25 | $2.8B | $10.2B | ||
| Q4 24 | $-76.2M | $10.3B | ||
| Q3 24 | $-15.5M | $10.2B | ||
| Q2 24 | $5.0M | $10.7B |
总资产NFGRIG
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.2B | $15.6B | ||
| Q3 25 | $8.7B | $16.2B | ||
| Q2 25 | $8.4B | $17.8B | ||
| Q1 25 | $8.5B | $19.0B | ||
| Q4 24 | $8.3B | $19.4B | ||
| Q3 24 | $8.3B | $19.5B | ||
| Q2 24 | $8.5B | $20.3B |
负债/权益比NFGRIG
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 0.64× | ||
| Q3 25 | 0.87× | 0.60× | ||
| Q2 25 | 0.90× | 0.63× | ||
| Q1 25 | 0.99× | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | 532.10× | 0.63× |
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 | $657.3M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | — | $321.0M |
| 自由现金流率自由现金流/营收 | — | 30.8% |
| 资本支出强度资本支出/营收 | 117.0% | 2.7% |
| 现金转化率经营现金流/净利润 | 4.32× | 13.96× |
| 过去12个月自由现金流最近4个季度 | — | $626.0M |
8季度趋势，按日历期对齐
经营现金流NFGRIG
| Q1 26 | $657.3M | — | ||
| Q4 25 | $274.9M | $349.0M | ||
| Q3 25 | $237.8M | $246.0M | ||
| Q2 25 | $388.4M | $128.0M | ||
| Q1 25 | $253.8M | $26.0M | ||
| Q4 24 | $220.1M | $206.0M | ||
| Q3 24 | $197.9M | $194.0M | ||
| Q2 24 | $281.8M | $133.0M |
自由现金流NFGRIG
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | $321.0M | ||
| Q3 25 | $-47.8M | $235.0M | ||
| Q2 25 | $195.3M | $104.0M | ||
| Q1 25 | $59.9M | $-34.0M | ||
| Q4 24 | $-20.3M | $177.0M | ||
| Q3 24 | $-49.1M | $136.0M | ||
| Q2 24 | $79.5M | $49.0M |
自由现金流率NFGRIG
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | 30.8% | ||
| Q3 25 | -10.8% | 22.9% | ||
| Q2 25 | 37.0% | 10.5% | ||
| Q1 25 | 8.2% | -3.8% | ||
| Q4 24 | -4.0% | 18.6% | ||
| Q3 24 | -15.8% | 14.3% | ||
| Q2 24 | 23.5% | 5.7% |
资本支出强度NFGRIG
| Q1 26 | 117.0% | — | ||
| Q4 25 | 43.5% | 2.7% | ||
| Q3 25 | 64.4% | 1.1% | ||
| Q2 25 | 36.6% | 2.4% | ||
| Q1 25 | 26.4% | 6.6% | ||
| Q4 24 | 46.8% | 3.0% | ||
| Q3 24 | 79.7% | 6.1% | ||
| Q2 24 | 59.7% | 9.8% |
现金转化率NFGRIG
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | 13.96× | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.59× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 4.89× | 29.43× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
