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NetApp（NTAP）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
NetApp的季度营收约是越洋钻探的1.6倍（$1.7B vs $1.0B），NetApp净利率更高（17.9% vs 2.4%，领先15.5%），越洋钻探同比增速更快（9.6% vs 2.8%），越洋钻探自由现金流更多（$321.0M vs $78.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs 3.0%）
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
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。
NTAP vs RIG — 直观对比
营收规模更大
NTAP
是对方的1.6倍
$1.0B
营收增速更快
RIG
高出6.7%
2.8%
净利率更高
NTAP
高出15.5%
2.4%
自由现金流更多
RIG
多$243.0M
$78.0M
两年增速更快
RIG
近两年复合增速
3.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.0B |
| 净利润 | $305.0M | $25.0M |
| 毛利率 | 72.0% | 42.0% |
| 营业利润率 | 23.4% | 23.0% |
| 净利率 | 17.9% | 2.4% |
| 营收同比 | 2.8% | 9.6% |
| 净利润同比 | 2.0% | 257.1% |
| 每股收益（稀释后） | $1.51 | $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NTAPRIG
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $1.6B | $1.0B | ||
| Q2 25 | $1.7B | $988.0M | ||
| Q1 25 | $1.6B | $906.0M | ||
| Q4 24 | $1.7B | $952.0M | ||
| Q3 24 | $1.5B | $948.0M | ||
| Q2 24 | $1.7B | $861.0M | ||
| Q1 24 | $1.6B | $763.0M |
净利润NTAPRIG
| Q4 25 | $305.0M | $25.0M | ||
| Q3 25 | $233.0M | $-1.9B | ||
| Q2 25 | $340.0M | $-938.0M | ||
| Q1 25 | $299.0M | $-79.0M | ||
| Q4 24 | $299.0M | $7.0M | ||
| Q3 24 | $248.0M | $-494.0M | ||
| Q2 24 | $291.0M | $-123.0M | ||
| Q1 24 | $313.0M | $98.0M |
毛利率NTAPRIG
| Q4 25 | 72.0% | 42.0% | ||
| Q3 25 | 70.4% | 43.2% | ||
| Q2 25 | 68.9% | 39.4% | ||
| Q1 25 | 69.8% | 31.8% | ||
| Q4 24 | 71.0% | 39.2% | ||
| Q3 24 | 71.3% | 40.6% | ||
| Q2 24 | 70.5% | 38.0% | ||
| Q1 24 | 71.7% | 31.5% |
营业利润率NTAPRIG
| Q4 25 | 23.4% | 23.0% | ||
| Q3 25 | 19.8% | -163.1% | ||
| Q2 25 | 20.1% | -97.6% | ||
| Q1 25 | 22.1% | 7.1% | ||
| Q4 24 | 20.8% | 13.7% | ||
| Q3 24 | 18.3% | -51.2% | ||
| Q2 24 | 21.9% | -6.9% | ||
| Q1 24 | 22.8% | -0.4% |
净利率NTAPRIG
| Q4 25 | 17.9% | 2.4% | ||
| Q3 25 | 14.9% | -187.1% | ||
| Q2 25 | 19.6% | -94.9% | ||
| Q1 25 | 18.2% | -8.7% | ||
| Q4 24 | 18.0% | 0.7% | ||
| Q3 24 | 16.1% | -52.1% | ||
| Q2 24 | 17.4% | -14.3% | ||
| Q1 24 | 19.5% | 12.8% |
每股收益（稀释后）NTAPRIG
| Q4 25 | $1.51 | $0.13 | ||
| Q3 25 | $1.15 | $-2.00 | ||
| Q2 25 | $1.64 | $-1.06 | ||
| Q1 25 | $1.44 | $-0.11 | ||
| Q4 24 | $1.42 | $-0.14 | ||
| Q3 24 | $1.17 | $-0.58 | ||
| Q2 24 | $1.36 | $-0.15 | ||
| Q1 24 | $1.48 | $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 | $3.0B | $620.0M |
| 总债务越低越好 | $2.5B | $5.2B |
| 股东权益账面价值 | $986.0M | $8.1B |
| 总资产 | $9.6B | $15.6B |
| 负债/权益比越低杠杆越低 | 2.52× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资NTAPRIG
| Q4 25 | $3.0B | $620.0M | ||
| Q3 25 | $3.3B | $833.0M | ||
| Q2 25 | $3.8B | $377.0M | ||
| Q1 25 | $2.3B | $263.0M | ||
| Q4 24 | $2.2B | $560.0M | ||
| Q3 24 | $3.0B | $435.0M | ||
| Q2 24 | $3.3B | $475.0M | ||
| Q1 24 | $2.9B | $446.0M |
总债务NTAPRIG
| Q4 25 | $2.5B | $5.2B | ||
| Q3 25 | $2.5B | $4.8B | ||
| Q2 25 | $3.2B | $5.9B | ||
| Q1 25 | $2.0B | $5.9B | ||
| Q4 24 | $2.0B | $6.2B | ||
| Q3 24 | $2.4B | $6.5B | ||
| Q2 24 | $2.4B | $6.8B | ||
| Q1 24 | $2.4B | $6.8B |
股东权益NTAPRIG
| Q4 25 | $986.0M | $8.1B | ||
| Q3 25 | $975.0M | $8.1B | ||
| Q2 25 | $1.0B | $9.4B | ||
| Q1 25 | $995.0M | $10.2B | ||
| Q4 24 | $892.0M | $10.3B | ||
| Q3 24 | $929.0M | $10.2B | ||
| Q2 24 | $1.1B | $10.7B | ||
| Q1 24 | $994.0M | $10.5B |
总资产NTAPRIG
| Q4 25 | $9.6B | $15.6B | ||
| Q3 25 | $9.7B | $16.2B | ||
| Q2 25 | $10.8B | $17.8B | ||
| Q1 25 | $9.0B | $19.0B | ||
| Q4 24 | $9.0B | $19.4B | ||
| Q3 24 | $9.3B | $19.5B | ||
| Q2 24 | $9.9B | $20.3B | ||
| Q1 24 | $9.4B | $19.9B |
负债/权益比NTAPRIG
| Q4 25 | 2.52× | 0.64× | ||
| Q3 25 | 2.55× | 0.60× | ||
| Q2 25 | 3.11× | 0.63× | ||
| Q1 25 | 2.00× | 0.58× | ||
| Q4 24 | 2.23× | 0.60× | ||
| Q3 24 | 2.58× | 0.64× | ||
| Q2 24 | 2.09× | 0.63× | ||
| Q1 24 | 2.41× | 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 | $127.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $78.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 4.6% | 30.8% |
| 资本支出强度资本支出/营收 | 2.9% | 2.7% |
| 现金转化率经营现金流/净利润 | 0.42× | 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NTAPRIG
| Q4 25 | $127.0M | $349.0M | ||
| Q3 25 | $673.0M | $246.0M | ||
| Q2 25 | — | $128.0M | ||
| Q1 25 | $385.0M | $26.0M | ||
| Q4 24 | — | $206.0M | ||
| Q3 24 | $341.0M | $194.0M | ||
| Q2 24 | $613.0M | $133.0M | ||
| Q1 24 | $484.0M | $-86.0M |
自由现金流NTAPRIG
| Q4 25 | $78.0M | $321.0M | ||
| Q3 25 | $620.0M | $235.0M | ||
| Q2 25 | — | $104.0M | ||
| Q1 25 | $338.0M | $-34.0M | ||
| Q4 24 | — | $177.0M | ||
| Q3 24 | $300.0M | $136.0M | ||
| Q2 24 | $567.0M | $49.0M | ||
| Q1 24 | $448.0M | $-169.0M |
自由现金流率NTAPRIG
| Q4 25 | 4.6% | 30.8% | ||
| Q3 25 | 39.8% | 22.9% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | 20.6% | -3.8% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | 19.5% | 14.3% | ||
| Q2 24 | 34.0% | 5.7% | ||
| Q1 24 | 27.9% | -22.1% |
资本支出强度NTAPRIG
| Q4 25 | 2.9% | 2.7% | ||
| Q3 25 | 3.4% | 1.1% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | 2.9% | 6.6% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | 2.7% | 6.1% | ||
| Q2 24 | 2.8% | 9.8% | ||
| Q1 24 | 2.2% | 10.9% |
现金转化率NTAPRIG
| Q4 25 | 0.42× | 13.96× | ||
| Q3 25 | 2.89× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.29× | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | 1.38× | — | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | 1.55× | -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
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
