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INSPERITY, INC.（NSP）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
INSPERITY, INC.的季度营收约是越洋钻探的1.6倍（$1.7B vs $1.0B），越洋钻探同比增速更快（9.6% vs 3.4%），越洋钻探自由现金流更多（$321.0M vs $246.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs -3.8%）
Insperity（前身为Administaff）是总部位于美国得克萨斯州休斯顿金伍德区的专业雇主组织（PEO），专注为中小微企业提供人力资源及行政事务外包等相关服务。自2004年起，该企业长期担任冠军巡回赛职业高尔夫赛事的冠名赞助商。
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。
NSP vs RIG — 直观对比
营收规模更大
NSP
是对方的1.6倍
$1.0B
营收增速更快
RIG
高出6.1%
3.4%
自由现金流更多
RIG
多$75.0M
$246.0M
两年增速更快
RIG
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.0B |
| 净利润 | — | $25.0M |
| 毛利率 | 10.3% | 42.0% |
| 营业利润率 | -2.8% | 23.0% |
| 净利率 | — | 2.4% |
| 营收同比 | 3.4% | 9.6% |
| 净利润同比 | — | 257.1% |
| 每股收益（稀释后） | $-0.87 | $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NSPRIG
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $1.6B | $1.0B | ||
| Q2 25 | $1.7B | $988.0M | ||
| Q1 25 | $1.9B | $906.0M | ||
| Q4 24 | $1.6B | $952.0M | ||
| Q3 24 | $1.6B | $948.0M | ||
| Q2 24 | $1.6B | $861.0M | ||
| Q1 24 | $1.8B | $763.0M |
净利润NSPRIG
| Q4 25 | — | $25.0M | ||
| Q3 25 | $-20.0M | $-1.9B | ||
| Q2 25 | $-5.0M | $-938.0M | ||
| Q1 25 | $51.0M | $-79.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | $3.0M | $-494.0M | ||
| Q2 24 | $18.0M | $-123.0M | ||
| Q1 24 | $79.0M | $98.0M |
毛利率NSPRIG
| Q4 25 | 10.3% | 42.0% | ||
| Q3 25 | 12.0% | 43.2% | ||
| Q2 25 | 13.4% | 39.4% | ||
| Q1 25 | 16.6% | 31.8% | ||
| Q4 24 | 13.5% | 39.2% | ||
| Q3 24 | 14.7% | 40.6% | ||
| Q2 24 | 16.2% | 38.0% | ||
| Q1 24 | 19.1% | 31.5% |
营业利润率NSPRIG
| Q4 25 | -2.8% | 23.0% | ||
| Q3 25 | -1.5% | -163.1% | ||
| Q2 25 | -0.4% | -97.6% | ||
| Q1 25 | 3.7% | 7.1% | ||
| Q4 24 | -0.9% | 13.7% | ||
| Q3 24 | 0.1% | -51.2% | ||
| Q2 24 | 1.4% | -6.9% | ||
| Q1 24 | 6.0% | -0.4% |
净利率NSPRIG
| Q4 25 | — | 2.4% | ||
| Q3 25 | -1.2% | -187.1% | ||
| Q2 25 | -0.3% | -94.9% | ||
| Q1 25 | 2.7% | -8.7% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 0.2% | -52.1% | ||
| Q2 24 | 1.1% | -14.3% | ||
| Q1 24 | 4.4% | 12.8% |
每股收益（稀释后）NSPRIG
| Q4 25 | $-0.87 | $0.13 | ||
| Q3 25 | $-0.53 | $-2.00 | ||
| Q2 25 | $-0.14 | $-1.06 | ||
| Q1 25 | $1.35 | $-0.11 | ||
| Q4 24 | $-0.21 | $-0.14 | ||
| Q3 24 | $0.07 | $-0.58 | ||
| Q2 24 | $0.48 | $-0.15 | ||
| Q1 24 | $2.08 | $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 | $682.0M | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $46.0M | $8.1B |
| 总资产 | $2.2B | $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NSPRIG
| Q4 25 | $682.0M | $620.0M | ||
| Q3 25 | $521.0M | $833.0M | ||
| Q2 25 | $511.0M | $377.0M | ||
| Q1 25 | $684.0M | $263.0M | ||
| Q4 24 | $1.2B | $560.0M | ||
| Q3 24 | $596.0M | $435.0M | ||
| Q2 24 | $850.0M | $475.0M | ||
| Q1 24 | $801.0M | $446.0M |
总债务NSPRIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益NSPRIG
| Q4 25 | $46.0M | $8.1B | ||
| Q3 25 | $87.0M | $8.1B | ||
| Q2 25 | $112.0M | $9.4B | ||
| Q1 25 | $119.0M | $10.2B | ||
| Q4 24 | $97.0M | $10.3B | ||
| Q3 24 | $125.0M | $10.2B | ||
| Q2 24 | $142.0M | $10.7B | ||
| Q1 24 | $140.0M | $10.5B |
总资产NSPRIG
| Q4 25 | $2.2B | $15.6B | ||
| Q3 25 | $2.0B | $16.2B | ||
| Q2 25 | $2.0B | $17.8B | ||
| Q1 25 | $2.1B | $19.0B | ||
| Q4 24 | $2.6B | $19.4B | ||
| Q3 24 | $1.9B | $19.5B | ||
| Q2 24 | $2.1B | $20.3B | ||
| Q1 24 | $2.1B | $19.9B |
负债/权益比NSPRIG
| 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 | $255.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $246.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 14.7% | 30.8% |
| 资本支出强度资本支出/营收 | 0.5% | 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 | $-309.0M | $626.0M |
8季度趋势，按日历期对齐
经营现金流NSPRIG
| Q4 25 | $255.0M | $349.0M | ||
| Q3 25 | $-11.0M | $246.0M | ||
| Q2 25 | $-79.0M | $128.0M | ||
| Q1 25 | $-443.0M | $26.0M | ||
| Q4 24 | $619.0M | $206.0M | ||
| Q3 24 | $-150.0M | $194.0M | ||
| Q2 24 | $20.0M | $133.0M | ||
| Q1 24 | $31.0M | $-86.0M |
自由现金流NSPRIG
| Q4 25 | $246.0M | $321.0M | ||
| Q3 25 | $-20.0M | $235.0M | ||
| Q2 25 | $-86.0M | $104.0M | ||
| Q1 25 | $-449.0M | $-34.0M | ||
| Q4 24 | $606.0M | $177.0M | ||
| Q3 24 | $-164.0M | $136.0M | ||
| Q2 24 | $14.0M | $49.0M | ||
| Q1 24 | $26.0M | $-169.0M |
自由现金流率NSPRIG
| Q4 25 | 14.7% | 30.8% | ||
| Q3 25 | -1.2% | 22.9% | ||
| Q2 25 | -5.2% | 10.5% | ||
| Q1 25 | -24.1% | -3.8% | ||
| Q4 24 | 37.6% | 18.6% | ||
| Q3 24 | -10.5% | 14.3% | ||
| Q2 24 | 0.9% | 5.7% | ||
| Q1 24 | 1.4% | -22.1% |
资本支出强度NSPRIG
| Q4 25 | 0.5% | 2.7% | ||
| Q3 25 | 0.6% | 1.1% | ||
| Q2 25 | 0.4% | 2.4% | ||
| Q1 25 | 0.3% | 6.6% | ||
| Q4 24 | 0.8% | 3.0% | ||
| Q3 24 | 0.9% | 6.1% | ||
| Q2 24 | 0.4% | 9.8% | ||
| Q1 24 | 0.3% | 10.9% |
现金转化率NSPRIG
| Q4 25 | — | 13.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -8.69× | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | -50.00× | — | ||
| Q2 24 | 1.11× | — | ||
| Q1 24 | 0.39× | -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
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
