vs
RH（RH）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RH的1.2倍（$1.0B vs $883.8M），RH净利率更高（4.1% vs 2.4%，领先1.7%），越洋钻探同比增速更快（9.6% vs 8.9%），越洋钻探自由现金流更多（$321.0M vs $83.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs 9.4%）
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
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。
RH vs RIG — 直观对比
营收规模更大
RIG
是对方的1.2倍
$883.8M
营收增速更快
RIG
高出0.7%
8.9%
净利率更高
RH
高出1.7%
2.4%
自由现金流更多
RIG
多$238.0M
$83.0M
两年增速更快
RIG
近两年复合增速
9.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $883.8M | $1.0B |
| 净利润 | $36.3M | $25.0M |
| 毛利率 | 44.1% | 42.0% |
| 营业利润率 | 12.0% | 23.0% |
| 净利率 | 4.1% | 2.4% |
| 营收同比 | 8.9% | 9.6% |
| 净利润同比 | 9.3% | 257.1% |
| 每股收益（稀释后） | $1.83 | $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RHRIG
| Q4 25 | $883.8M | $1.0B | ||
| Q3 25 | $899.2M | $1.0B | ||
| Q2 25 | $814.0M | $988.0M | ||
| Q1 25 | $812.4M | $906.0M | ||
| Q4 24 | $811.7M | $952.0M | ||
| Q3 24 | $829.7M | $948.0M | ||
| Q2 24 | $727.0M | $861.0M | ||
| Q1 24 | $738.3M | $763.0M |
净利润RHRIG
| Q4 25 | $36.3M | $25.0M | ||
| Q3 25 | $51.7M | $-1.9B | ||
| Q2 25 | $8.0M | $-938.0M | ||
| Q1 25 | $13.9M | $-79.0M | ||
| Q4 24 | $33.2M | $7.0M | ||
| Q3 24 | $29.0M | $-494.0M | ||
| Q2 24 | $-3.6M | $-123.0M | ||
| Q1 24 | $11.4M | $98.0M |
毛利率RHRIG
| Q4 25 | 44.1% | 42.0% | ||
| Q3 25 | 45.5% | 43.2% | ||
| Q2 25 | 43.7% | 39.4% | ||
| Q1 25 | 44.7% | 31.8% | ||
| Q4 24 | 44.5% | 39.2% | ||
| Q3 24 | 45.2% | 40.6% | ||
| Q2 24 | 43.5% | 38.0% | ||
| Q1 24 | 43.5% | 31.5% |
营业利润率RHRIG
| Q4 25 | 12.0% | 23.0% | ||
| Q3 25 | 14.3% | -163.1% | ||
| Q2 25 | 6.9% | -97.6% | ||
| Q1 25 | 8.7% | 7.1% | ||
| Q4 24 | 12.5% | 13.7% | ||
| Q3 24 | 11.6% | -51.2% | ||
| Q2 24 | 7.5% | -6.9% | ||
| Q1 24 | 8.7% | -0.4% |
净利率RHRIG
| Q4 25 | 4.1% | 2.4% | ||
| Q3 25 | 5.8% | -187.1% | ||
| Q2 25 | 1.0% | -94.9% | ||
| Q1 25 | 1.7% | -8.7% | ||
| Q4 24 | 4.1% | 0.7% | ||
| Q3 24 | 3.5% | -52.1% | ||
| Q2 24 | -0.5% | -14.3% | ||
| Q1 24 | 1.5% | 12.8% |
每股收益（稀释后）RHRIG
| Q4 25 | $1.83 | $0.13 | ||
| Q3 25 | $2.62 | $-2.00 | ||
| Q2 25 | $0.40 | $-1.06 | ||
| Q1 25 | $0.71 | $-0.11 | ||
| Q4 24 | $1.66 | $-0.14 | ||
| Q3 24 | $1.45 | $-0.58 | ||
| Q2 24 | $-0.20 | $-0.15 | ||
| Q1 24 | $0.91 | $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 | $43.1M | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $3.3M | $8.1B |
| 总资产 | $4.8B | $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RHRIG
| Q4 25 | $43.1M | $620.0M | ||
| Q3 25 | $34.6M | $833.0M | ||
| Q2 25 | $46.1M | $377.0M | ||
| Q1 25 | $30.4M | $263.0M | ||
| Q4 24 | $87.0M | $560.0M | ||
| Q3 24 | $78.3M | $435.0M | ||
| Q2 24 | $101.8M | $475.0M | ||
| Q1 24 | $123.7M | $446.0M |
总债务RHRIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益RHRIG
| Q4 25 | $3.3M | $8.1B | ||
| Q3 25 | $-40.9M | $8.1B | ||
| Q2 25 | $-110.8M | $9.4B | ||
| Q1 25 | $-163.6M | $10.2B | ||
| Q4 24 | $-183.0M | $10.3B | ||
| Q3 24 | $-234.7M | $10.2B | ||
| Q2 24 | $-289.9M | $10.7B | ||
| Q1 24 | $-297.4M | $10.5B |
总资产RHRIG
| Q4 25 | $4.8B | $15.6B | ||
| Q3 25 | $4.7B | $16.2B | ||
| Q2 25 | $4.7B | $17.8B | ||
| Q1 25 | $4.6B | $19.0B | ||
| Q4 24 | $4.5B | $19.4B | ||
| Q3 24 | $4.4B | $19.5B | ||
| Q2 24 | $4.2B | $20.3B | ||
| Q1 24 | $4.1B | $19.9B |
负债/权益比RHRIG
| 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 | $131.9M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 9.4% | 30.8% |
| 资本支出强度资本支出/营收 | 5.5% | 2.7% |
| 现金转化率经营现金流/净利润 | 3.64× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $128.1M | $626.0M |
8季度趋势，按日历期对齐
经营现金流RHRIG
| Q4 25 | $131.9M | $349.0M | ||
| Q3 25 | $137.7M | $246.0M | ||
| Q2 25 | $86.6M | $128.0M | ||
| Q1 25 | $-18.8M | $26.0M | ||
| Q4 24 | $-31.4M | $206.0M | ||
| Q3 24 | $11.2M | $194.0M | ||
| Q2 24 | $56.1M | $133.0M | ||
| Q1 24 | $-114.0M | $-86.0M |
自由现金流RHRIG
| Q4 25 | $83.0M | $321.0M | ||
| Q3 25 | $80.7M | $235.0M | ||
| Q2 25 | $34.1M | $104.0M | ||
| Q1 25 | $-69.7M | $-34.0M | ||
| Q4 24 | $-96.0M | $177.0M | ||
| Q3 24 | $-37.9M | $136.0M | ||
| Q2 24 | $-10.1M | $49.0M | ||
| Q1 24 | $-251.5M | $-169.0M |
自由现金流率RHRIG
| Q4 25 | 9.4% | 30.8% | ||
| Q3 25 | 9.0% | 22.9% | ||
| Q2 25 | 4.2% | 10.5% | ||
| Q1 25 | -8.6% | -3.8% | ||
| Q4 24 | -11.8% | 18.6% | ||
| Q3 24 | -4.6% | 14.3% | ||
| Q2 24 | -1.4% | 5.7% | ||
| Q1 24 | -34.1% | -22.1% |
资本支出强度RHRIG
| Q4 25 | 5.5% | 2.7% | ||
| Q3 25 | 6.3% | 1.1% | ||
| Q2 25 | 6.5% | 2.4% | ||
| Q1 25 | 6.3% | 6.6% | ||
| Q4 24 | 8.0% | 3.0% | ||
| Q3 24 | 5.9% | 6.1% | ||
| Q2 24 | 9.1% | 9.8% | ||
| Q1 24 | 18.6% | 10.9% |
现金转化率RHRIG
| Q4 25 | 3.64× | 13.96× | ||
| Q3 25 | 2.66× | — | ||
| Q2 25 | 10.78× | — | ||
| Q1 25 | -1.35× | — | ||
| Q4 24 | -0.95× | 29.43× | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -10.01× | -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
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
