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越洋钻探（RIG）与Seadrill Ltd（SDRL）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Seadrill Ltd的3.8倍（$1.0B vs $273.0M）。越洋钻探净利率更高（2.4% vs -3.7%，领先6.1%）。过去两年越洋钻探的营收复合增速更高（16.9% vs -8.9%）
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。
Seadrill是一家海洋钻井承包商，为全球油气行业提供海上钻井服务，核心业务是持有并运营钻井船、半潜式钻井平台和自升式钻井平台，可覆盖浅海到超深海、温和及恶劣海况等不同作业场景，主要客户涵盖国际石油巨头、一体化油气企业、国有石油公司及独立油气生产商，服务均基于合同模式提供。
RIG vs SDRL — 直观对比
营收规模更大
RIG
是对方的3.8倍
$273.0M
净利率更高
RIG
高出6.1%
-3.7%
两年增速更快
RIG
近两年复合增速
-8.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $273.0M |
| 净利润 | $25.0M | $-10.0M |
| 毛利率 | 42.0% | — |
| 营业利润率 | 23.0% | -1.1% |
| 净利率 | 2.4% | -3.7% |
| 营收同比 | 9.6% | — |
| 净利润同比 | 257.1% | — |
| 每股收益（稀释后） | $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RIGSDRL
| Q4 25 | $1.0B | $273.0M | ||
| Q3 25 | $1.0B | $280.0M | ||
| Q2 25 | $988.0M | $288.0M | ||
| Q1 25 | $906.0M | $248.0M | ||
| Q4 24 | $952.0M | — | ||
| Q3 24 | $948.0M | $263.0M | ||
| Q2 24 | $861.0M | $267.0M | ||
| Q1 24 | $763.0M | $275.0M |
净利润RIGSDRL
| Q4 25 | $25.0M | $-10.0M | ||
| Q3 25 | $-1.9B | $-11.0M | ||
| Q2 25 | $-938.0M | $-42.0M | ||
| Q1 25 | $-79.0M | $-14.0M | ||
| Q4 24 | $7.0M | — | ||
| Q3 24 | $-494.0M | $32.0M | ||
| Q2 24 | $-123.0M | $253.0M | ||
| Q1 24 | $98.0M | $60.0M |
毛利率RIGSDRL
| 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RIGSDRL
| Q4 25 | 23.0% | -1.1% | ||
| Q3 25 | -163.1% | 9.3% | ||
| Q2 25 | -97.6% | 2.1% | ||
| Q1 25 | 7.1% | 7.3% | ||
| Q4 24 | 13.7% | — | ||
| Q3 24 | -51.2% | 17.9% | ||
| Q2 24 | -6.9% | — | ||
| Q1 24 | -0.4% | 29.1% |
净利率RIGSDRL
| Q4 25 | 2.4% | -3.7% | ||
| Q3 25 | -187.1% | -3.9% | ||
| Q2 25 | -94.9% | -14.6% | ||
| Q1 25 | -8.7% | -5.6% | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | -52.1% | 12.2% | ||
| Q2 24 | -14.3% | 94.8% | ||
| Q1 24 | 12.8% | 21.8% |
每股收益（稀释后）RIGSDRL
| Q4 25 | $0.13 | — | ||
| Q3 25 | $-2.00 | $-0.17 | ||
| Q2 25 | $-1.06 | $-0.68 | ||
| Q1 25 | $-0.11 | $-0.23 | ||
| Q4 24 | $-0.14 | — | ||
| Q3 24 | $-0.58 | $0.49 | ||
| Q2 24 | $-0.15 | $3.49 | ||
| Q1 24 | $0.11 | $0.81 |
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 | $620.0M | $339.0M |
| 总债务越低越好 | $5.2B | $613.0M |
| 股东权益账面价值 | $8.1B | $2.9B |
| 总资产 | $15.6B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资RIGSDRL
| Q4 25 | $620.0M | $339.0M | ||
| Q3 25 | $833.0M | $402.0M | ||
| Q2 25 | $377.0M | $393.0M | ||
| Q1 25 | $263.0M | $404.0M | ||
| Q4 24 | $560.0M | — | ||
| Q3 24 | $435.0M | — | ||
| Q2 24 | $475.0M | $835.0M | ||
| Q1 24 | $446.0M | — |
总债务RIGSDRL
| Q4 25 | $5.2B | $613.0M | ||
| Q3 25 | $4.8B | $612.0M | ||
| Q2 25 | $5.9B | $612.0M | ||
| Q1 25 | $5.9B | $611.0M | ||
| Q4 24 | $6.2B | — | ||
| Q3 24 | $6.5B | — | ||
| Q2 24 | $6.8B | $609.0M | ||
| Q1 24 | $6.8B | — |
股东权益RIGSDRL
| Q4 25 | $8.1B | $2.9B | ||
| Q3 25 | $8.1B | $2.9B | ||
| Q2 25 | $9.4B | $2.9B | ||
| Q1 25 | $10.2B | $2.9B | ||
| Q4 24 | $10.3B | — | ||
| Q3 24 | $10.2B | $2.9B | ||
| Q2 24 | $10.7B | $3.1B | ||
| Q1 24 | $10.5B | $2.9B |
总资产RIGSDRL
| Q4 25 | $15.6B | $3.9B | ||
| Q3 25 | $16.2B | $4.1B | ||
| Q2 25 | $17.8B | $4.1B | ||
| Q1 25 | $19.0B | $4.1B | ||
| Q4 24 | $19.4B | — | ||
| Q3 24 | $19.5B | — | ||
| Q2 24 | $20.3B | $4.3B | ||
| Q1 24 | $19.9B | — |
负债/权益比RIGSDRL
| Q4 25 | 0.64× | 0.21× | ||
| Q3 25 | 0.60× | 0.21× | ||
| Q2 25 | 0.63× | 0.21× | ||
| Q1 25 | 0.58× | 0.21× | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.63× | 0.20× | ||
| 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 | $349.0M | $-40.0M |
| 自由现金流经营现金流 - 资本支出 | $321.0M | — |
| 自由现金流率自由现金流/营收 | 30.8% | — |
| 资本支出强度资本支出/营收 | 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 | $626.0M | — |
8季度趋势，按日历期对齐
经营现金流RIGSDRL
| Q4 25 | $349.0M | $-40.0M | ||
| Q3 25 | $246.0M | $28.0M | ||
| Q2 25 | $128.0M | $11.0M | ||
| Q1 25 | $26.0M | $-27.0M | ||
| Q4 24 | $206.0M | — | ||
| Q3 24 | $194.0M | $-27.0M | ||
| Q2 24 | $133.0M | $79.0M | ||
| Q1 24 | $-86.0M | $29.0M |
自由现金流RIGSDRL
| Q4 25 | $321.0M | — | ||
| Q3 25 | $235.0M | — | ||
| Q2 25 | $104.0M | — | ||
| Q1 25 | $-34.0M | — | ||
| Q4 24 | $177.0M | — | ||
| Q3 24 | $136.0M | — | ||
| Q2 24 | $49.0M | — | ||
| Q1 24 | $-169.0M | — |
自由现金流率RIGSDRL
| Q4 25 | 30.8% | — | ||
| Q3 25 | 22.9% | — | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | -3.8% | — | ||
| Q4 24 | 18.6% | — | ||
| Q3 24 | 14.3% | — | ||
| Q2 24 | 5.7% | — | ||
| Q1 24 | -22.1% | — |
资本支出强度RIGSDRL
| Q4 25 | 2.7% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 6.1% | — | ||
| Q2 24 | 9.8% | — | ||
| Q1 24 | 10.9% | — |
现金转化率RIGSDRL
| Q4 25 | 13.96× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 29.43× | — | ||
| Q3 24 | — | -0.84× | ||
| Q2 24 | — | 0.31× | ||
| Q1 24 | -0.88× | 0.48× |
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
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
SDRL
暂无分部数据
