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越洋钻探（RIG）与SKYWEST INC（SKYW）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SKYWEST INC的1.0倍（$1.0B vs $1.0B），SKYWEST INC净利率更高（10.0% vs 2.4%，领先7.6%），越洋钻探同比增速更快（9.6% vs 6.8%），过去两年越洋钻探的营收复合增速更高（16.9% vs 8.1%）
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。
天西航空（SkyWest Inc.）是总部位于美国犹他州圣乔治的控股企业，旗下主营北美支线航空公司天西航空，同时运营飞机租赁业务，是北美区域航空运营领域的重要参与者。
RIG vs SKYW — 直观对比
营收规模更大
RIG
是对方的1.0倍
$1.0B
营收增速更快
RIG
高出2.7%
6.8%
净利率更高
SKYW
高出7.6%
2.4%
两年增速更快
RIG
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.0B |
| 净利润 | $25.0M | $101.7M |
| 毛利率 | 42.0% | — |
| 营业利润率 | 23.0% | 12.2% |
| 净利率 | 2.4% | 10.0% |
| 营收同比 | 9.6% | 6.8% |
| 净利润同比 | 257.1% | 1.1% |
| 每股收益（稀释后） | $0.13 | $2.50 |
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RIGSKYW
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.0B | $1.0B | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $988.0M | $1.0B | ||
| Q1 25 | $906.0M | $948.5M | ||
| Q4 24 | $952.0M | $944.4M | ||
| Q3 24 | $948.0M | $912.8M | ||
| Q2 24 | $861.0M | $867.1M |
净利润RIGSKYW
| Q1 26 | — | $101.7M | ||
| Q4 25 | $25.0M | $91.2M | ||
| Q3 25 | $-1.9B | $116.4M | ||
| Q2 25 | $-938.0M | $120.3M | ||
| Q1 25 | $-79.0M | $100.6M | ||
| Q4 24 | $7.0M | $97.4M | ||
| Q3 24 | $-494.0M | $89.7M | ||
| Q2 24 | $-123.0M | $75.6M |
毛利率RIGSKYW
| Q1 26 | — | — | ||
| 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% | — |
营业利润率RIGSKYW
| Q1 26 | — | 12.2% | ||
| Q4 25 | 23.0% | 13.1% | ||
| Q3 25 | -163.1% | 16.6% | ||
| Q2 25 | -97.6% | 16.4% | ||
| Q1 25 | 7.1% | 14.7% | ||
| Q4 24 | 13.7% | 15.3% | ||
| Q3 24 | -51.2% | 14.4% | ||
| Q2 24 | -6.9% | 13.8% |
净利率RIGSKYW
| Q1 26 | — | 10.0% | ||
| Q4 25 | 2.4% | 8.9% | ||
| Q3 25 | -187.1% | 11.1% | ||
| Q2 25 | -94.9% | 11.6% | ||
| Q1 25 | -8.7% | 10.6% | ||
| Q4 24 | 0.7% | 10.3% | ||
| Q3 24 | -52.1% | 9.8% | ||
| Q2 24 | -14.3% | 8.7% |
每股收益（稀释后）RIGSKYW
| Q1 26 | — | $2.50 | ||
| Q4 25 | $0.13 | $2.21 | ||
| Q3 25 | $-2.00 | $2.81 | ||
| Q2 25 | $-1.06 | $2.91 | ||
| Q1 25 | $-0.11 | $2.42 | ||
| Q4 24 | $-0.14 | $2.34 | ||
| Q3 24 | $-0.58 | $2.16 | ||
| Q2 24 | $-0.15 | $1.82 |
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 | — |
| 总债务越低越好 | $5.2B | $1.8B |
| 股东权益账面价值 | $8.1B | $2.7B |
| 总资产 | $15.6B | $7.3B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资RIGSKYW
| Q1 26 | — | — | ||
| Q4 25 | $620.0M | $122.7M | ||
| Q3 25 | $833.0M | $44.5M | ||
| Q2 25 | $377.0M | $48.3M | ||
| Q1 25 | $263.0M | $179.0M | ||
| Q4 24 | $560.0M | $227.4M | ||
| Q3 24 | $435.0M | $177.6M | ||
| Q2 24 | $475.0M | $141.8M |
总债务RIGSKYW
| Q1 26 | — | $1.8B | ||
| Q4 25 | $5.2B | — | ||
| Q3 25 | $4.8B | $2.4B | ||
| Q2 25 | $5.9B | $2.5B | ||
| Q1 25 | $5.9B | $2.6B | ||
| Q4 24 | $6.2B | $2.7B | ||
| Q3 24 | $6.5B | $2.7B | ||
| Q2 24 | $6.8B | $2.8B |
股东权益RIGSKYW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $8.1B | $2.7B | ||
| Q3 25 | $8.1B | $2.7B | ||
| Q2 25 | $9.4B | $2.6B | ||
| Q1 25 | $10.2B | $2.5B | ||
| Q4 24 | $10.3B | $2.4B | ||
| Q3 24 | $10.2B | $2.3B | ||
| Q2 24 | $10.7B | $2.2B |
总资产RIGSKYW
| Q1 26 | — | $7.3B | ||
| Q4 25 | $15.6B | $7.4B | ||
| Q3 25 | $16.2B | $7.2B | ||
| Q2 25 | $17.8B | $7.2B | ||
| Q1 25 | $19.0B | $7.1B | ||
| Q4 24 | $19.4B | $7.1B | ||
| Q3 24 | $19.5B | $7.0B | ||
| Q2 24 | $20.3B | $7.0B |
负债/权益比RIGSKYW
| Q1 26 | — | 0.66× | ||
| Q4 25 | 0.64× | — | ||
| Q3 25 | 0.60× | 0.89× | ||
| Q2 25 | 0.63× | 0.97× | ||
| Q1 25 | 0.58× | 1.03× | ||
| Q4 24 | 0.60× | 1.11× | ||
| Q3 24 | 0.64× | 1.17× | ||
| Q2 24 | 0.63× | 1.25× |
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 | — |
| 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RIGSKYW
| Q1 26 | — | — | ||
| Q4 25 | $349.0M | $231.5M | ||
| Q3 25 | $246.0M | $280.8M | ||
| Q2 25 | $128.0M | $257.1M | ||
| Q1 25 | $26.0M | $171.0M | ||
| Q4 24 | $206.0M | $185.9M | ||
| Q3 24 | $194.0M | $183.6M | ||
| Q2 24 | $133.0M | $165.3M |
自由现金流RIGSKYW
| Q1 26 | — | — | ||
| Q4 25 | $321.0M | $224.3M | ||
| Q3 25 | $235.0M | $269.9M | ||
| Q2 25 | $104.0M | $251.5M | ||
| Q1 25 | $-34.0M | $162.6M | ||
| Q4 24 | $177.0M | $162.7M | ||
| Q3 24 | $136.0M | $172.1M | ||
| Q2 24 | $49.0M | $159.4M |
自由现金流率RIGSKYW
| Q1 26 | — | — | ||
| Q4 25 | 30.8% | 21.9% | ||
| Q3 25 | 22.9% | 25.7% | ||
| Q2 25 | 10.5% | 24.3% | ||
| Q1 25 | -3.8% | 17.1% | ||
| Q4 24 | 18.6% | 17.2% | ||
| Q3 24 | 14.3% | 18.9% | ||
| Q2 24 | 5.7% | 18.4% |
资本支出强度RIGSKYW
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 0.7% | ||
| Q3 25 | 1.1% | 1.0% | ||
| Q2 25 | 2.4% | 0.5% | ||
| Q1 25 | 6.6% | 0.9% | ||
| Q4 24 | 3.0% | 2.5% | ||
| Q3 24 | 6.1% | 1.3% | ||
| Q2 24 | 9.8% | 0.7% |
现金转化率RIGSKYW
| Q1 26 | — | — | ||
| Q4 25 | 13.96× | 2.54× | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | 29.43× | 1.91× | ||
| Q3 24 | — | 2.05× | ||
| Q2 24 | — | 2.19× |
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% |
SKYW
| Flying agreements | $977.9M | 97% |
| Lease, airport services and other | $35.3M | 3% |
