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OCEANEERING INTERNATIONAL INC（OII）与WaterBridge Infrastructure LLC（WBI）财务数据对比。点击上方公司名可切换其他公司
OCEANEERING INTERNATIONAL INC的季度营收约是WaterBridge Infrastructure LLC的5.6倍（$692.4M vs $123.3M）。OCEANEERING INTERNATIONAL INC净利率更高（5.2% vs -0.5%，领先5.8%）。OCEANEERING INTERNATIONAL INC自由现金流更多（$-76.5M vs $-117.8M）
奥什科什国际（Oceaneering International）是一家总部位于美国得克萨斯州休斯敦的水下工程及应用技术企业，为海洋、航天及其他特殊作业场景的客户提供定制化工程服务与硬件设备，在极端环境工程领域拥有深厚的技术积累。
水桥基础设施（WaterBridge Infrastructure LLC）隶属于全球基础设施伙伴集团（GIP）。GIP是美国知名基础设施投资基金，在全球开展股权及优质债权投资业务，总部设于纽约，投资覆盖能源、交通、给排水与固废处理等领域的基础设施资产，在伦敦、悉尼、新加坡等全球多个城市设有办事处，拥有约150名投资及运营专业人员。
OII vs WBI — 直观对比
营收规模更大
OII
是对方的5.6倍
$123.3M
净利率更高
OII
高出5.8%
-0.5%
自由现金流更多
OII
多$41.3M
$-117.8M
损益表 — Q1 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $692.4M | $123.3M |
| 净利润 | $36.1M | $-667.0K |
| 毛利率 | — | 28.4% |
| 营业利润率 | — | 19.2% |
| 净利率 | 5.2% | -0.5% |
| 营收同比 | 2.7% | — |
| 净利润同比 | -79.7% | — |
| 每股收益（稀释后） | $0.36 | $-0.02 |
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OIIWBI
| Q1 26 | $692.4M | — | ||
| Q4 25 | $668.6M | — | ||
| Q3 25 | $742.9M | $123.3M | ||
| Q2 25 | $698.2M | — | ||
| Q1 25 | $674.5M | — | ||
| Q4 24 | $713.5M | — | ||
| Q3 24 | $679.8M | — | ||
| Q2 24 | $668.8M | — |
净利润OIIWBI
| Q1 26 | $36.1M | — | ||
| Q4 25 | $177.7M | — | ||
| Q3 25 | $71.3M | $-667.0K | ||
| Q2 25 | $54.4M | — | ||
| Q1 25 | $50.4M | — | ||
| Q4 24 | $56.1M | — | ||
| Q3 24 | $41.2M | — | ||
| Q2 24 | $35.0M | — |
毛利率OIIWBI
| Q1 26 | — | — | ||
| Q4 25 | 19.8% | — | ||
| Q3 25 | 20.6% | 28.4% | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | 20.0% | — | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 19.3% | — | ||
| Q2 24 | 18.0% | — |
营业利润率OIIWBI
| Q1 26 | — | — | ||
| Q4 25 | 9.8% | — | ||
| Q3 25 | 11.6% | 19.2% | ||
| Q2 25 | 11.3% | — | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 10.5% | — | ||
| Q2 24 | 9.0% | — |
净利率OIIWBI
| Q1 26 | 5.2% | — | ||
| Q4 25 | 26.6% | — | ||
| Q3 25 | 9.6% | -0.5% | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 7.5% | — | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 6.1% | — | ||
| Q2 24 | 5.2% | — |
每股收益（稀释后）OIIWBI
| Q1 26 | $0.36 | — | ||
| Q4 25 | $1.75 | — | ||
| Q3 25 | $0.71 | $-0.02 | ||
| Q2 25 | $0.54 | — | ||
| Q1 25 | $0.49 | — | ||
| Q4 24 | $0.55 | — | ||
| Q3 24 | $0.40 | — | ||
| Q2 24 | $0.34 | — |
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 | — | $346.6M |
| 总债务越低越好 | $488.8M | — |
| 股东权益账面价值 | $1.1B | $607.7M |
| 总资产 | $2.6B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
现金及短期投资OIIWBI
| Q1 26 | — | — | ||
| Q4 25 | $695.9M | — | ||
| Q3 25 | $7.0M | $346.6M | ||
| Q2 25 | $7.0M | — | ||
| Q1 25 | $7.0M | — | ||
| Q4 24 | $504.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务OIIWBI
| Q1 26 | $488.8M | — | ||
| Q4 25 | $487.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $482.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益OIIWBI
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $907.7M | $607.7M | ||
| Q2 25 | $842.1M | — | ||
| Q1 25 | $773.1M | — | ||
| Q4 24 | $714.3M | — | ||
| Q3 24 | $698.0M | — | ||
| Q2 24 | $651.0M | — |
总资产OIIWBI
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.5B | $3.9B | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.3B | — |
负债/权益比OIIWBI
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.46× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $71.5M |
| 自由现金流经营现金流 - 资本支出 | $-76.5M | $-117.8M |
| 自由现金流率自由现金流/营收 | -11.1% | -95.6% |
| 资本支出强度资本支出/营收 | 2.5% | 153.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $238.1M | — |
8季度趋势，按日历期对齐
经营现金流OIIWBI
| Q1 26 | — | — | ||
| Q4 25 | $221.1M | — | ||
| Q3 25 | $101.3M | $71.5M | ||
| Q2 25 | $77.2M | — | ||
| Q1 25 | $-80.7M | — | ||
| Q4 24 | $128.4M | — | ||
| Q3 24 | $91.9M | — | ||
| Q2 24 | $52.6M | — |
自由现金流OIIWBI
| Q1 26 | $-76.5M | — | ||
| Q4 25 | $190.7M | — | ||
| Q3 25 | $77.0M | $-117.8M | ||
| Q2 25 | $46.9M | — | ||
| Q1 25 | $-106.8M | — | ||
| Q4 24 | $94.5M | — | ||
| Q3 24 | $67.0M | — | ||
| Q2 24 | $29.8M | — |
自由现金流率OIIWBI
| Q1 26 | -11.1% | — | ||
| Q4 25 | 28.5% | — | ||
| Q3 25 | 10.4% | -95.6% | ||
| Q2 25 | 6.7% | — | ||
| Q1 25 | -15.8% | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 9.9% | — | ||
| Q2 24 | 4.5% | — |
资本支出强度OIIWBI
| Q1 26 | 2.5% | — | ||
| Q4 25 | 4.6% | — | ||
| Q3 25 | 3.3% | 153.6% | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 3.4% | — |
现金转化率OIIWBI
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | — | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 1.42× | — | ||
| Q1 25 | -1.60× | — | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 1.50× | — |
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
OII
| Backlog at end of period | $492.0M | 71% |
| Other | $162.8M | 24% |
| ROV days available | $22.5M | 3% |
| ROV days utilized | $15.1M | 2% |
WBI
| Produced Water Handling Revenues Excluding Skim Oil | $102.3M | 83% |
| Water Bridge Equity Finance Limited Liability Company | $12.0M | 10% |
| Skim Oil | $9.1M | 7% |
| Desert Environmental Limited Liability Company | $1.2M | 1% |
