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Quad/Graphics, Inc.（QUAD）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Quad/Graphics, Inc.的1.7倍（$1.0B vs $630.6M），越洋钻探同比增速更快（9.6% vs -11.0%），越洋钻探自由现金流更多（$321.0M vs $137.2M），过去两年越洋钻探的营收复合增速更高（16.9% vs -1.9%）
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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。
QUAD vs RIG — 直观对比
营收规模更大
RIG
是对方的1.7倍
$630.6M
营收增速更快
RIG
高出20.5%
-11.0%
自由现金流更多
RIG
多$183.8M
$137.2M
两年增速更快
RIG
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $630.6M | $1.0B |
| 净利润 | — | $25.0M |
| 毛利率 | 21.6% | 42.0% |
| 营业利润率 | 5.9% | 23.0% |
| 净利率 | — | 2.4% |
| 营收同比 | -11.0% | 9.6% |
| 净利润同比 | — | 257.1% |
| 每股收益（稀释后） | $0.22 | $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QUADRIG
| Q4 25 | $630.6M | $1.0B | ||
| Q3 25 | $588.0M | $1.0B | ||
| Q2 25 | $571.9M | $988.0M | ||
| Q1 25 | $629.4M | $906.0M | ||
| Q4 24 | $708.4M | $952.0M | ||
| Q3 24 | $674.8M | $948.0M | ||
| Q2 24 | $634.2M | $861.0M | ||
| Q1 24 | $654.8M | $763.0M |
净利润QUADRIG
| Q4 25 | — | $25.0M | ||
| Q3 25 | $10.2M | $-1.9B | ||
| Q2 25 | $-100.0K | $-938.0M | ||
| Q1 25 | $5.8M | $-79.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | $-24.7M | $-494.0M | ||
| Q2 24 | $-2.8M | $-123.0M | ||
| Q1 24 | $-28.1M | $98.0M |
毛利率QUADRIG
| Q4 25 | 21.6% | 42.0% | ||
| Q3 25 | 22.8% | 43.2% | ||
| Q2 25 | 21.6% | 39.4% | ||
| Q1 25 | 20.6% | 31.8% | ||
| Q4 24 | 22.4% | 39.2% | ||
| Q3 24 | 21.8% | 40.6% | ||
| Q2 24 | 22.1% | 38.0% | ||
| Q1 24 | 20.4% | 31.5% |
营业利润率QUADRIG
| Q4 25 | 5.9% | 23.0% | ||
| Q3 25 | 4.5% | -163.1% | ||
| Q2 25 | 2.4% | -97.6% | ||
| Q1 25 | 3.1% | 7.1% | ||
| Q4 24 | 2.8% | 13.7% | ||
| Q3 24 | -0.7% | -51.2% | ||
| Q2 24 | 2.4% | -6.9% | ||
| Q1 24 | -1.6% | -0.4% |
净利率QUADRIG
| Q4 25 | — | 2.4% | ||
| Q3 25 | 1.7% | -187.1% | ||
| Q2 25 | -0.0% | -94.9% | ||
| Q1 25 | 0.9% | -8.7% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | -3.7% | -52.1% | ||
| Q2 24 | -0.4% | -14.3% | ||
| Q1 24 | -4.3% | 12.8% |
每股收益（稀释后）QUADRIG
| Q4 25 | $0.22 | $0.13 | ||
| Q3 25 | $0.21 | $-2.00 | ||
| Q2 25 | $0.00 | $-1.06 | ||
| Q1 25 | $0.11 | $-0.11 | ||
| Q4 24 | $0.11 | $-0.14 | ||
| Q3 24 | $-0.52 | $-0.58 | ||
| Q2 24 | $-0.06 | $-0.15 | ||
| Q1 24 | $-0.60 | $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 | $63.3M | $620.0M |
| 总债务越低越好 | $369.9M | $5.2B |
| 股东权益账面价值 | $-59.5M | $8.1B |
| 总资产 | $1.3B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资QUADRIG
| Q4 25 | $63.3M | $620.0M | ||
| Q3 25 | $6.2M | $833.0M | ||
| Q2 25 | $6.7M | $377.0M | ||
| Q1 25 | $8.1M | $263.0M | ||
| Q4 24 | $29.2M | $560.0M | ||
| Q3 24 | $12.5M | $435.0M | ||
| Q2 24 | $12.8M | $475.0M | ||
| Q1 24 | $10.2M | $446.0M |
总债务QUADRIG
| Q4 25 | $369.9M | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | $377.1M | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益QUADRIG
| Q4 25 | $-59.5M | $8.1B | ||
| Q3 25 | $96.7M | $8.1B | ||
| Q2 25 | $87.0M | $9.4B | ||
| Q1 25 | $87.4M | $10.2B | ||
| Q4 24 | $-131.2M | $10.3B | ||
| Q3 24 | $50.9M | $10.2B | ||
| Q2 24 | $79.1M | $10.7B | ||
| Q1 24 | $89.2M | $10.5B |
总资产QUADRIG
| Q4 25 | $1.3B | $15.6B | ||
| Q3 25 | $1.3B | $16.2B | ||
| Q2 25 | $1.2B | $17.8B | ||
| Q1 25 | $1.2B | $19.0B | ||
| Q4 24 | $1.3B | $19.4B | ||
| Q3 24 | $1.4B | $19.5B | ||
| Q2 24 | $1.4B | $20.3B | ||
| Q1 24 | $1.4B | $19.9B |
负债/权益比QUADRIG
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 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 | $145.9M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $137.2M | $321.0M |
| 自由现金流率自由现金流/营收 | 21.8% | 30.8% |
| 资本支出强度资本支出/营收 | 1.4% | 2.7% |
| 现金转化率经营现金流/净利润 | — | 13.96× |
| 过去12个月自由现金流最近4个季度 | $50.7M | $626.0M |
8季度趋势，按日历期对齐
经营现金流QUADRIG
| Q4 25 | $145.9M | $349.0M | ||
| Q3 25 | $-8.4M | $246.0M | ||
| Q2 25 | $47.4M | $128.0M | ||
| Q1 25 | $-89.0M | $26.0M | ||
| Q4 24 | $158.8M | $206.0M | ||
| Q3 24 | $2.4M | $194.0M | ||
| Q2 24 | $3.9M | $133.0M | ||
| Q1 24 | $-52.2M | $-86.0M |
自由现金流QUADRIG
| Q4 25 | $137.2M | $321.0M | ||
| Q3 25 | $-20.6M | $235.0M | ||
| Q2 25 | $34.4M | $104.0M | ||
| Q1 25 | $-100.3M | $-34.0M | ||
| Q4 24 | $147.3M | $177.0M | ||
| Q3 24 | $-9.8M | $136.0M | ||
| Q2 24 | $-11.7M | $49.0M | ||
| Q1 24 | $-70.1M | $-169.0M |
自由现金流率QUADRIG
| Q4 25 | 21.8% | 30.8% | ||
| Q3 25 | -3.5% | 22.9% | ||
| Q2 25 | 6.0% | 10.5% | ||
| Q1 25 | -15.9% | -3.8% | ||
| Q4 24 | 20.8% | 18.6% | ||
| Q3 24 | -1.5% | 14.3% | ||
| Q2 24 | -1.8% | 5.7% | ||
| Q1 24 | -10.7% | -22.1% |
资本支出强度QUADRIG
| Q4 25 | 1.4% | 2.7% | ||
| Q3 25 | 2.1% | 1.1% | ||
| Q2 25 | 2.3% | 2.4% | ||
| Q1 25 | 1.8% | 6.6% | ||
| Q4 24 | 1.6% | 3.0% | ||
| Q3 24 | 1.8% | 6.1% | ||
| Q2 24 | 2.5% | 9.8% | ||
| Q1 24 | 2.7% | 10.9% |
现金转化率QUADRIG
| Q4 25 | — | 13.96× | ||
| Q3 25 | -0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -15.34× | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -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
QUAD
| Catalog Publications Retail Inserts Books And Directories | $300.6M | 48% |
| Direct Mail And Other Printed Products | $147.1M | 23% |
| Imaging Marketing Services And Other Services | $79.8M | 13% |
| Logistic Services | $61.4M | 10% |
| Other | $39.3M | 6% |
| Other Revenues | $2.4M | 0% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
