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通用电气医疗（OPCH）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
通用电气医疗的季度营收约是越洋钻探的1.4倍（$1.4B vs $1.0B），通用电气医疗净利率更高（3.6% vs 2.4%，领先1.2%），通用电气医疗同比增速更快（12.2% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $130.2M），过去两年越洋钻探的营收复合增速更高（16.9% vs 13.0%）
通用电气医疗是总部位于美国伊利诺伊州芝加哥的医疗科技企业，旗下设四大业务板块：医学影像（含分子成像、CT、磁共振、女性健康筛查及X线设备）、超声、患者护理解决方案（覆盖远程患者监测、麻醉呼吸护理、心脏病诊断、婴儿护理等）及制药相关业务。
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。
OPCH vs RIG — 直观对比
营收规模更大
OPCH
是对方的1.4倍
$1.0B
营收增速更快
OPCH
高出2.7%
9.6%
净利率更高
OPCH
高出1.2%
2.4%
自由现金流更多
RIG
多$190.8M
$130.2M
两年增速更快
RIG
近两年复合增速
13.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.0B |
| 净利润 | $51.8M | $25.0M |
| 毛利率 | 19.0% | 42.0% |
| 营业利润率 | 5.9% | 23.0% |
| 净利率 | 3.6% | 2.4% |
| 营收同比 | 12.2% | 9.6% |
| 净利润同比 | -3.8% | 257.1% |
| 每股收益（稀释后） | $0.32 | $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OPCHRIG
| Q4 25 | — | $1.0B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.4B | $988.0M | ||
| Q1 25 | $1.3B | $906.0M | ||
| Q4 24 | $1.3B | $952.0M | ||
| Q3 24 | $1.3B | $948.0M | ||
| Q2 24 | $1.2B | $861.0M | ||
| Q1 24 | $1.1B | $763.0M |
净利润OPCHRIG
| Q4 25 | — | $25.0M | ||
| Q3 25 | $51.8M | $-1.9B | ||
| Q2 25 | $50.5M | $-938.0M | ||
| Q1 25 | $46.7M | $-79.0M | ||
| Q4 24 | $60.1M | $7.0M | ||
| Q3 24 | $53.9M | $-494.0M | ||
| Q2 24 | $53.0M | $-123.0M | ||
| Q1 24 | $44.8M | $98.0M |
毛利率OPCHRIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | 19.0% | 43.2% | ||
| Q2 25 | 19.0% | 39.4% | ||
| Q1 25 | 19.7% | 31.8% | ||
| Q4 24 | 21.3% | 39.2% | ||
| Q3 24 | 20.1% | 40.6% | ||
| Q2 24 | 20.3% | 38.0% | ||
| Q1 24 | 20.8% | 31.5% |
营业利润率OPCHRIG
| Q4 25 | — | 23.0% | ||
| Q3 25 | 5.9% | -163.1% | ||
| Q2 25 | 5.8% | -97.6% | ||
| Q1 25 | 5.9% | 7.1% | ||
| Q4 24 | 6.9% | 13.7% | ||
| Q3 24 | 6.7% | -51.2% | ||
| Q2 24 | 6.6% | -6.9% | ||
| Q1 24 | 6.0% | -0.4% |
净利率OPCHRIG
| Q4 25 | — | 2.4% | ||
| Q3 25 | 3.6% | -187.1% | ||
| Q2 25 | 3.6% | -94.9% | ||
| Q1 25 | 3.5% | -8.7% | ||
| Q4 24 | 4.8% | 0.7% | ||
| Q3 24 | 4.2% | -52.1% | ||
| Q2 24 | 4.3% | -14.3% | ||
| Q1 24 | 3.9% | 12.8% |
每股收益（稀释后）OPCHRIG
| Q4 25 | — | $0.13 | ||
| Q3 25 | $0.32 | $-2.00 | ||
| Q2 25 | $0.31 | $-1.06 | ||
| Q1 25 | $0.28 | $-0.11 | ||
| Q4 24 | $0.36 | $-0.14 | ||
| Q3 24 | $0.31 | $-0.58 | ||
| Q2 24 | $0.30 | $-0.15 | ||
| Q1 24 | $0.26 | $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 | $309.8M | $620.0M |
| 总债务越低越好 | $1.2B | $5.2B |
| 股东权益账面价值 | $1.4B | $8.1B |
| 总资产 | $3.5B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.86× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资OPCHRIG
| Q4 25 | — | $620.0M | ||
| Q3 25 | $309.8M | $833.0M | ||
| Q2 25 | $198.8M | $377.0M | ||
| Q1 25 | $171.4M | $263.0M | ||
| Q4 24 | $412.6M | $560.0M | ||
| Q3 24 | $483.0M | $435.0M | ||
| Q2 24 | $376.9M | $475.0M | ||
| Q1 24 | $219.5M | $446.0M |
总债务OPCHRIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | $1.2B | $4.8B | ||
| Q2 25 | $1.1B | $5.9B | ||
| Q1 25 | $1.1B | $5.9B | ||
| Q4 24 | $1.1B | $6.2B | ||
| Q3 24 | $1.1B | $6.5B | ||
| Q2 24 | $1.1B | $6.8B | ||
| Q1 24 | $1.1B | $6.8B |
股东权益OPCHRIG
| Q4 25 | — | $8.1B | ||
| Q3 25 | $1.4B | $8.1B | ||
| Q2 25 | $1.4B | $9.4B | ||
| Q1 25 | $1.4B | $10.2B | ||
| Q4 24 | $1.4B | $10.3B | ||
| Q3 24 | $1.4B | $10.2B | ||
| Q2 24 | $1.4B | $10.7B | ||
| Q1 24 | $1.4B | $10.5B |
总资产OPCHRIG
| Q4 25 | — | $15.6B | ||
| Q3 25 | $3.5B | $16.2B | ||
| Q2 25 | $3.4B | $17.8B | ||
| Q1 25 | $3.3B | $19.0B | ||
| Q4 24 | $3.4B | $19.4B | ||
| Q3 24 | $3.4B | $19.5B | ||
| Q2 24 | $3.3B | $20.3B | ||
| Q1 24 | $3.2B | $19.9B |
负债/权益比OPCHRIG
| Q4 25 | — | 0.64× | ||
| Q3 25 | 0.86× | 0.60× | ||
| Q2 25 | 0.82× | 0.63× | ||
| Q1 25 | 0.82× | 0.58× | ||
| Q4 24 | 0.79× | 0.60× | ||
| Q3 24 | 0.78× | 0.64× | ||
| Q2 24 | 0.79× | 0.63× | ||
| Q1 24 | 0.74× | 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 | $139.4M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $130.2M | $321.0M |
| 自由现金流率自由现金流/营收 | 9.1% | 30.8% |
| 资本支出强度资本支出/营收 | 0.6% | 2.7% |
| 现金转化率经营现金流/净利润 | 2.69× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $220.7M | $626.0M |
8季度趋势，按日历期对齐
经营现金流OPCHRIG
| Q4 25 | — | $349.0M | ||
| Q3 25 | $139.4M | $246.0M | ||
| Q2 25 | $90.3M | $128.0M | ||
| Q1 25 | $-7.2M | $26.0M | ||
| Q4 24 | $36.1M | $206.0M | ||
| Q3 24 | $160.4M | $194.0M | ||
| Q2 24 | $195.7M | $133.0M | ||
| Q1 24 | $-68.8M | $-86.0M |
自由现金流OPCHRIG
| Q4 25 | — | $321.0M | ||
| Q3 25 | $130.2M | $235.0M | ||
| Q2 25 | $81.2M | $104.0M | ||
| Q1 25 | $-16.6M | $-34.0M | ||
| Q4 24 | $25.8M | $177.0M | ||
| Q3 24 | $150.7M | $136.0M | ||
| Q2 24 | $185.9M | $49.0M | ||
| Q1 24 | $-74.6M | $-169.0M |
自由现金流率OPCHRIG
| Q4 25 | — | 30.8% | ||
| Q3 25 | 9.1% | 22.9% | ||
| Q2 25 | 5.7% | 10.5% | ||
| Q1 25 | -1.2% | -3.8% | ||
| Q4 24 | 2.0% | 18.6% | ||
| Q3 24 | 11.8% | 14.3% | ||
| Q2 24 | 15.1% | 5.7% | ||
| Q1 24 | -6.5% | -22.1% |
资本支出强度OPCHRIG
| Q4 25 | — | 2.7% | ||
| Q3 25 | 0.6% | 1.1% | ||
| Q2 25 | 0.6% | 2.4% | ||
| Q1 25 | 0.7% | 6.6% | ||
| Q4 24 | 0.8% | 3.0% | ||
| Q3 24 | 0.8% | 6.1% | ||
| Q2 24 | 0.8% | 9.8% | ||
| Q1 24 | 0.5% | 10.9% |
现金转化率OPCHRIG
| Q4 25 | — | 13.96× | ||
| Q3 25 | 2.69× | — | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | -0.15× | — | ||
| Q4 24 | 0.60× | 29.43× | ||
| Q3 24 | 2.98× | — | ||
| Q2 24 | 3.69× | — | ||
| Q1 24 | -1.54× | -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
OPCH
| Commercial Customer | $1.3B | 87% |
| Government Customer | $172.8M | 12% |
| Patient Customer | $10.1M | 1% |
| Corporate Joint Venture | $1.9M | 0% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
