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Paychex（PAYX）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
Paychex的季度营收约是越洋钻探的1.4倍（$1.5B vs $1.0B），Paychex净利率更高（26.3% vs 2.4%，领先23.9%），Paychex同比增速更快（17.4% vs 9.6%），Paychex自由现金流更多（$382.8M vs $321.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs 3.8%）
Paychex是美国知名人力资源服务提供商，1971年成立，总部位于纽约州罗切斯特，面向中小微企业提供薪资管理、人力资源外包、员工福利外包等服务。目前在美欧地区拥有超100个办事处，服务约80万家薪资客户，位列《财富》500强第681位。
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。
PAYX vs RIG — 直观对比
营收规模更大
PAYX
是对方的1.4倍
$1.0B
营收增速更快
PAYX
高出7.8%
9.6%
净利率更高
PAYX
高出23.9%
2.4%
自由现金流更多
PAYX
多$61.8M
$321.0M
两年增速更快
RIG
近两年复合增速
3.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.0B |
| 净利润 | $395.4M | $25.0M |
| 毛利率 | 72.6% | 42.0% |
| 营业利润率 | 38.0% | 23.0% |
| 净利率 | 26.3% | 2.4% |
| 营收同比 | 17.4% | 9.6% |
| 净利润同比 | -4.4% | 257.1% |
| 每股收益（稀释后） | $1.10 | $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PAYXRIG
| Q4 25 | $1.5B | $1.0B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.4B | $988.0M | ||
| Q1 25 | $1.5B | $906.0M | ||
| Q4 24 | $1.3B | $952.0M | ||
| Q3 24 | $1.3B | $948.0M | ||
| Q2 24 | $1.3B | $861.0M | ||
| Q1 24 | $1.4B | $763.0M |
净利润PAYXRIG
| Q4 25 | $395.4M | $25.0M | ||
| Q3 25 | $383.8M | $-1.9B | ||
| Q2 25 | $297.2M | $-938.0M | ||
| Q1 25 | $519.3M | $-79.0M | ||
| Q4 24 | $413.4M | $7.0M | ||
| Q3 24 | $427.4M | $-494.0M | ||
| Q2 24 | $379.9M | $-123.0M | ||
| Q1 24 | $498.6M | $98.0M |
毛利率PAYXRIG
| Q4 25 | 72.6% | 42.0% | ||
| Q3 25 | 72.3% | 43.2% | ||
| Q2 25 | 71.5% | 39.4% | ||
| Q1 25 | 73.6% | 31.8% | ||
| Q4 24 | 70.4% | 39.2% | ||
| Q3 24 | 70.3% | 40.6% | ||
| Q2 24 | 70.1% | 38.0% | ||
| Q1 24 | 72.8% | 31.5% |
营业利润率PAYXRIG
| Q4 25 | 38.0% | 23.0% | ||
| Q3 25 | 36.3% | -163.1% | ||
| Q2 25 | 31.2% | -97.6% | ||
| Q1 25 | 47.2% | 7.1% | ||
| Q4 24 | 42.0% | 13.7% | ||
| Q3 24 | 42.7% | -51.2% | ||
| Q2 24 | 38.3% | -6.9% | ||
| Q1 24 | 46.6% | -0.4% |
净利率PAYXRIG
| Q4 25 | 26.3% | 2.4% | ||
| Q3 25 | 25.7% | -187.1% | ||
| Q2 25 | 21.5% | -94.9% | ||
| Q1 25 | 35.4% | -8.7% | ||
| Q4 24 | 32.3% | 0.7% | ||
| Q3 24 | 33.4% | -52.1% | ||
| Q2 24 | 30.2% | -14.3% | ||
| Q1 24 | 35.7% | 12.8% |
每股收益（稀释后）PAYXRIG
| Q4 25 | $1.10 | $0.13 | ||
| Q3 25 | $1.06 | $-2.00 | ||
| Q2 25 | $0.83 | $-1.06 | ||
| Q1 25 | $1.43 | $-0.11 | ||
| Q4 24 | $1.14 | $-0.14 | ||
| Q3 24 | $1.18 | $-0.58 | ||
| Q2 24 | $1.05 | $-0.15 | ||
| Q1 24 | $1.38 | $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 | $1.5B | $620.0M |
| 总债务越低越好 | $5.0B | $5.2B |
| 股东权益账面价值 | $3.9B | $8.1B |
| 总资产 | $16.5B | $15.6B |
| 负债/权益比越低杠杆越低 | 1.28× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资PAYXRIG
| Q4 25 | $1.5B | $620.0M | ||
| Q3 25 | $1.7B | $833.0M | ||
| Q2 25 | $1.7B | $377.0M | ||
| Q1 25 | $1.6B | $263.0M | ||
| Q4 24 | $1.2B | $560.0M | ||
| Q3 24 | $1.5B | $435.0M | ||
| Q2 24 | $1.5B | $475.0M | ||
| Q1 24 | $1.7B | $446.0M |
总债务PAYXRIG
| Q4 25 | $5.0B | $5.2B | ||
| Q3 25 | $5.0B | $4.8B | ||
| Q2 25 | $4.9B | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | $798.6M | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益PAYXRIG
| Q4 25 | $3.9B | $8.1B | ||
| Q3 25 | $4.0B | $8.1B | ||
| Q2 25 | $4.1B | $9.4B | ||
| Q1 25 | $4.1B | $10.2B | ||
| Q4 24 | $3.9B | $10.3B | ||
| Q3 24 | $3.9B | $10.2B | ||
| Q2 24 | $3.8B | $10.7B | ||
| Q1 24 | $3.7B | $10.5B |
总资产PAYXRIG
| Q4 25 | $16.5B | $15.6B | ||
| Q3 25 | $16.7B | $16.2B | ||
| Q2 25 | $16.6B | $17.8B | ||
| Q1 25 | $11.2B | $19.0B | ||
| Q4 24 | $10.6B | $19.4B | ||
| Q3 24 | $10.5B | $19.5B | ||
| Q2 24 | $10.4B | $20.3B | ||
| Q1 24 | $13.0B | $19.9B |
负债/权益比PAYXRIG
| Q4 25 | 1.28× | 0.64× | ||
| Q3 25 | 1.25× | 0.60× | ||
| Q2 25 | 1.20× | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | 0.21× | 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 | $444.9M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $382.8M | $321.0M |
| 自由现金流率自由现金流/营收 | 25.5% | 30.8% |
| 资本支出强度资本支出/营收 | 4.1% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.13× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $626.0M |
8季度趋势，按日历期对齐
经营现金流PAYXRIG
| Q4 25 | $444.9M | $349.0M | ||
| Q3 25 | $718.4M | $246.0M | ||
| Q2 25 | $343.8M | $128.0M | ||
| Q1 25 | $716.0M | $26.0M | ||
| Q4 24 | $295.0M | $206.0M | ||
| Q3 24 | $546.1M | $194.0M | ||
| Q2 24 | $221.7M | $133.0M | ||
| Q1 24 | $671.7M | $-86.0M |
自由现金流PAYXRIG
| Q4 25 | $382.8M | $321.0M | ||
| Q3 25 | $662.5M | $235.0M | ||
| Q2 25 | $283.3M | $104.0M | ||
| Q1 25 | $667.3M | $-34.0M | ||
| Q4 24 | $248.0M | $177.0M | ||
| Q3 24 | $510.5M | $136.0M | ||
| Q2 24 | $180.4M | $49.0M | ||
| Q1 24 | $631.0M | $-169.0M |
自由现金流率PAYXRIG
| Q4 25 | 25.5% | 30.8% | ||
| Q3 25 | 44.4% | 22.9% | ||
| Q2 25 | 20.5% | 10.5% | ||
| Q1 25 | 45.5% | -3.8% | ||
| Q4 24 | 19.4% | 18.6% | ||
| Q3 24 | 39.9% | 14.3% | ||
| Q2 24 | 14.4% | 5.7% | ||
| Q1 24 | 45.2% | -22.1% |
资本支出强度PAYXRIG
| Q4 25 | 4.1% | 2.7% | ||
| Q3 25 | 3.7% | 1.1% | ||
| Q2 25 | 4.4% | 2.4% | ||
| Q1 25 | 3.3% | 6.6% | ||
| Q4 24 | 3.7% | 3.0% | ||
| Q3 24 | 2.8% | 6.1% | ||
| Q2 24 | 3.3% | 9.8% | ||
| Q1 24 | 2.9% | 10.9% |
现金转化率PAYXRIG
| Q4 25 | 1.13× | 13.96× | ||
| Q3 25 | 1.87× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 0.71× | 29.43× | ||
| Q3 24 | 1.28× | — | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 1.35× | -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
PAYX
| Management Solutions | $1.2B | 78% |
| Peo And Insurance Solutions | $336.9M | 22% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
