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BLUE OWL CAPITAL INC.（OWL）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BLUE OWL CAPITAL INC.的1.4倍（$1.0B vs $755.6M），BLUE OWL CAPITAL INC.净利率更高（6.3% vs 2.4%，领先3.9%），BLUE OWL CAPITAL INC.同比增速更快（19.7% vs 9.6%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $321.0M），过去两年BLUE OWL CAPITAL INC.的营收复合增速更高（21.3% vs 16.9%）
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
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。
OWL vs RIG — 直观对比
营收规模更大
RIG
是对方的1.4倍
$755.6M
营收增速更快
OWL
高出10.1%
9.6%
净利率更高
OWL
高出3.9%
2.4%
自由现金流更多
OWL
多$38.1M
$321.0M
两年增速更快
OWL
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $755.6M | $1.0B |
| 净利润 | $47.7M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 22.2% | 23.0% |
| 净利率 | 6.3% | 2.4% |
| 营收同比 | 19.7% | 9.6% |
| 净利润同比 | 129.8% | 257.1% |
| 每股收益（稀释后） | $0.07 | $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OWLRIG
| Q4 25 | $755.6M | $1.0B | ||
| Q3 25 | $728.0M | $1.0B | ||
| Q2 25 | $703.1M | $988.0M | ||
| Q1 25 | $683.5M | $906.0M | ||
| Q4 24 | $631.4M | $952.0M | ||
| Q3 24 | $600.9M | $948.0M | ||
| Q2 24 | $549.8M | $861.0M | ||
| Q1 24 | $513.3M | $763.0M |
净利润OWLRIG
| Q4 25 | $47.7M | $25.0M | ||
| Q3 25 | $6.3M | $-1.9B | ||
| Q2 25 | $17.4M | $-938.0M | ||
| Q1 25 | $7.4M | $-79.0M | ||
| Q4 24 | $20.7M | $7.0M | ||
| Q3 24 | $29.8M | $-494.0M | ||
| Q2 24 | $33.9M | $-123.0M | ||
| Q1 24 | $25.1M | $98.0M |
毛利率OWLRIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | — | 43.2% | ||
| Q2 25 | — | 39.4% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 40.6% | ||
| Q2 24 | — | 38.0% | ||
| Q1 24 | — | 31.5% |
营业利润率OWLRIG
| Q4 25 | 22.2% | 23.0% | ||
| Q3 25 | 7.6% | -163.1% | ||
| Q2 25 | 12.0% | -97.6% | ||
| Q1 25 | 5.9% | 7.1% | ||
| Q4 24 | 11.7% | 13.7% | ||
| Q3 24 | 18.7% | -51.2% | ||
| Q2 24 | 28.4% | -6.9% | ||
| Q1 24 | 24.7% | -0.4% |
净利率OWLRIG
| Q4 25 | 6.3% | 2.4% | ||
| Q3 25 | 0.9% | -187.1% | ||
| Q2 25 | 2.5% | -94.9% | ||
| Q1 25 | 1.1% | -8.7% | ||
| Q4 24 | 3.3% | 0.7% | ||
| Q3 24 | 5.0% | -52.1% | ||
| Q2 24 | 6.2% | -14.3% | ||
| Q1 24 | 4.9% | 12.8% |
每股收益（稀释后）OWLRIG
| Q4 25 | $0.07 | $0.13 | ||
| Q3 25 | $0.01 | $-2.00 | ||
| Q2 25 | $0.02 | $-1.06 | ||
| Q1 25 | $0.00 | $-0.11 | ||
| Q4 24 | $0.06 | $-0.14 | ||
| Q3 24 | $0.04 | $-0.58 | ||
| Q2 24 | $0.06 | $-0.15 | ||
| Q1 24 | $0.04 | $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 | $194.5M | $620.0M |
| 总债务越低越好 | $3.3B | $5.2B |
| 股东权益账面价值 | $2.2B | $8.1B |
| 总资产 | $12.5B | $15.6B |
| 负债/权益比越低杠杆越低 | 1.51× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资OWLRIG
| Q4 25 | $194.5M | $620.0M | ||
| Q3 25 | $137.3M | $833.0M | ||
| Q2 25 | $117.6M | $377.0M | ||
| Q1 25 | $97.6M | $263.0M | ||
| Q4 24 | $152.1M | $560.0M | ||
| Q3 24 | $115.9M | $435.0M | ||
| Q2 24 | $436.8M | $475.0M | ||
| Q1 24 | $155.8M | $446.0M |
总债务OWLRIG
| Q4 25 | $3.3B | $5.2B | ||
| Q3 25 | $3.2B | $4.8B | ||
| Q2 25 | $3.2B | $5.9B | ||
| Q1 25 | $3.2B | $5.9B | ||
| Q4 24 | $2.6B | $6.2B | ||
| Q3 24 | $2.5B | $6.5B | ||
| Q2 24 | $2.5B | $6.8B | ||
| Q1 24 | $2.1B | $6.8B |
股东权益OWLRIG
| Q4 25 | $2.2B | $8.1B | ||
| Q3 25 | $2.3B | $8.1B | ||
| Q2 25 | $2.4B | $9.4B | ||
| Q1 25 | $2.3B | $10.2B | ||
| Q4 24 | $2.1B | $10.3B | ||
| Q3 24 | $2.0B | $10.2B | ||
| Q2 24 | $1.7B | $10.7B | ||
| Q1 24 | $1.6B | $10.5B |
总资产OWLRIG
| Q4 25 | $12.5B | $15.6B | ||
| Q3 25 | $12.5B | $16.2B | ||
| Q2 25 | $12.3B | $17.8B | ||
| Q1 25 | $12.3B | $19.0B | ||
| Q4 24 | $11.0B | $19.4B | ||
| Q3 24 | $10.8B | $19.5B | ||
| Q2 24 | $9.7B | $20.3B | ||
| Q1 24 | $9.0B | $19.9B |
负债/权益比OWLRIG
| Q4 25 | 1.51× | 0.64× | ||
| Q3 25 | 1.41× | 0.60× | ||
| Q2 25 | 1.38× | 0.63× | ||
| Q1 25 | 1.37× | 0.58× | ||
| Q4 24 | 1.22× | 0.60× | ||
| Q3 24 | 1.27× | 0.64× | ||
| Q2 24 | 1.41× | 0.63× | ||
| Q1 24 | 1.26× | 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 | $382.9M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $359.1M | $321.0M |
| 自由现金流率自由现金流/营收 | 47.5% | 30.8% |
| 资本支出强度资本支出/营收 | 3.1% | 2.7% |
| 现金转化率经营现金流/净利润 | 8.03× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $626.0M |
8季度趋势，按日历期对齐
经营现金流OWLRIG
| Q4 25 | $382.9M | $349.0M | ||
| Q3 25 | $433.1M | $246.0M | ||
| Q2 25 | $422.5M | $128.0M | ||
| Q1 25 | $17.6M | $26.0M | ||
| Q4 24 | $324.0M | $206.0M | ||
| Q3 24 | $326.0M | $194.0M | ||
| Q2 24 | $302.3M | $133.0M | ||
| Q1 24 | $47.2M | $-86.0M |
自由现金流OWLRIG
| Q4 25 | $359.1M | $321.0M | ||
| Q3 25 | $422.5M | $235.0M | ||
| Q2 25 | $412.5M | $104.0M | ||
| Q1 25 | $4.2M | $-34.0M | ||
| Q4 24 | $310.1M | $177.0M | ||
| Q3 24 | $314.8M | $136.0M | ||
| Q2 24 | $269.4M | $49.0M | ||
| Q1 24 | $41.1M | $-169.0M |
自由现金流率OWLRIG
| Q4 25 | 47.5% | 30.8% | ||
| Q3 25 | 58.0% | 22.9% | ||
| Q2 25 | 58.7% | 10.5% | ||
| Q1 25 | 0.6% | -3.8% | ||
| Q4 24 | 49.1% | 18.6% | ||
| Q3 24 | 52.4% | 14.3% | ||
| Q2 24 | 49.0% | 5.7% | ||
| Q1 24 | 8.0% | -22.1% |
资本支出强度OWLRIG
| Q4 25 | 3.1% | 2.7% | ||
| Q3 25 | 1.5% | 1.1% | ||
| Q2 25 | 1.4% | 2.4% | ||
| Q1 25 | 2.0% | 6.6% | ||
| Q4 24 | 2.2% | 3.0% | ||
| Q3 24 | 1.9% | 6.1% | ||
| Q2 24 | 6.0% | 9.8% | ||
| Q1 24 | 1.2% | 10.9% |
现金转化率OWLRIG
| Q4 25 | 8.03× | 13.96× | ||
| Q3 25 | 68.64× | — | ||
| Q2 25 | 24.25× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 15.62× | 29.43× | ||
| Q3 24 | 10.94× | — | ||
| Q2 24 | 8.91× | — | ||
| Q1 24 | 1.88× | -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
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
