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越洋钻探（RIG）与TRINET GROUP, INC.（TNET）财务数据对比。点击上方公司名可切换其他公司
TRINET GROUP, INC.的季度营收约是越洋钻探的1.2倍（$1.2B vs $1.0B），越洋钻探同比增速更快（9.6% vs -2.2%），越洋钻探自由现金流更多（$321.0M vs $43.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs -0.6%）
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。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
RIG vs TNET — 直观对比
营收规模更大
TNET
是对方的1.2倍
$1.0B
营收增速更快
RIG
高出11.8%
-2.2%
自由现金流更多
RIG
多$278.0M
$43.0M
两年增速更快
RIG
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $25.0M | — |
| 毛利率 | 42.0% | — |
| 营业利润率 | 23.0% | 0.1% |
| 净利率 | 2.4% | — |
| 营收同比 | 9.6% | -2.2% |
| 净利润同比 | 257.1% | — |
| 每股收益（稀释后） | $0.13 | $0.02 |
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RIGTNET
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $988.0M | $1.2B | ||
| Q1 25 | $906.0M | $1.3B | ||
| Q4 24 | $952.0M | $1.3B | ||
| Q3 24 | $948.0M | $1.2B | ||
| Q2 24 | $861.0M | $1.2B | ||
| Q1 24 | $763.0M | $1.3B |
净利润RIGTNET
| Q4 25 | $25.0M | — | ||
| Q3 25 | $-1.9B | $34.0M | ||
| Q2 25 | $-938.0M | $37.0M | ||
| Q1 25 | $-79.0M | $85.0M | ||
| Q4 24 | $7.0M | — | ||
| Q3 24 | $-494.0M | $45.0M | ||
| Q2 24 | $-123.0M | $60.0M | ||
| Q1 24 | $98.0M | $91.0M |
毛利率RIGTNET
| 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RIGTNET
| Q4 25 | 23.0% | 0.1% | ||
| Q3 25 | -163.1% | 4.1% | ||
| Q2 25 | -97.6% | 4.1% | ||
| Q1 25 | 7.1% | 8.9% | ||
| Q4 24 | 13.7% | -2.9% | ||
| Q3 24 | -51.2% | 4.7% | ||
| Q2 24 | -6.9% | 6.5% | ||
| Q1 24 | -0.4% | 9.7% |
净利率RIGTNET
| Q4 25 | 2.4% | — | ||
| Q3 25 | -187.1% | 2.8% | ||
| Q2 25 | -94.9% | 3.0% | ||
| Q1 25 | -8.7% | 6.6% | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | -52.1% | 3.6% | ||
| Q2 24 | -14.3% | 4.9% | ||
| Q1 24 | 12.8% | 7.2% |
每股收益（稀释后）RIGTNET
| Q4 25 | $0.13 | $0.02 | ||
| Q3 25 | $-2.00 | $0.70 | ||
| Q2 25 | $-1.06 | $0.77 | ||
| Q1 25 | $-0.11 | $1.71 | ||
| Q4 24 | $-0.14 | $-0.44 | ||
| Q3 24 | $-0.58 | $0.89 | ||
| Q2 24 | $-0.15 | $1.20 | ||
| Q1 24 | $0.11 | $1.78 |
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 | $287.0M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $8.1B | $54.0M |
| 总资产 | $15.6B | $3.8B |
| 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RIGTNET
| Q4 25 | $620.0M | $287.0M | ||
| Q3 25 | $833.0M | $321.0M | ||
| Q2 25 | $377.0M | $407.0M | ||
| Q1 25 | $263.0M | $349.0M | ||
| Q4 24 | $560.0M | $360.0M | ||
| Q3 24 | $435.0M | $301.0M | ||
| Q2 24 | $475.0M | $249.0M | ||
| Q1 24 | $446.0M | $383.0M |
总债务RIGTNET
| 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RIGTNET
| Q4 25 | $8.1B | $54.0M | ||
| Q3 25 | $8.1B | $110.0M | ||
| Q2 25 | $9.4B | $107.0M | ||
| Q1 25 | $10.2B | $63.0M | ||
| Q4 24 | $10.3B | $69.0M | ||
| Q3 24 | $10.2B | $129.0M | ||
| Q2 24 | $10.7B | $100.0M | ||
| Q1 24 | $10.5B | $143.0M |
总资产RIGTNET
| Q4 25 | $15.6B | $3.8B | ||
| Q3 25 | $16.2B | $3.4B | ||
| Q2 25 | $17.8B | $3.7B | ||
| Q1 25 | $19.0B | $3.8B | ||
| Q4 24 | $19.4B | $4.1B | ||
| Q3 24 | $19.5B | $3.7B | ||
| Q2 24 | $20.3B | $3.7B | ||
| Q1 24 | $19.9B | $4.0B |
负债/权益比RIGTNET
| 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 | $349.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $321.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 30.8% | 3.4% |
| 资本支出强度资本支出/营收 | 2.7% | 1.4% |
| 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 | $234.0M |
8季度趋势，按日历期对齐
经营现金流RIGTNET
| Q4 25 | $349.0M | $61.0M | ||
| Q3 25 | $246.0M | $72.0M | ||
| Q2 25 | $128.0M | $75.0M | ||
| Q1 25 | $26.0M | $95.0M | ||
| Q4 24 | $206.0M | $65.0M | ||
| Q3 24 | $194.0M | $84.0M | ||
| Q2 24 | $133.0M | $39.0M | ||
| Q1 24 | $-86.0M | $91.0M |
自由现金流RIGTNET
| Q4 25 | $321.0M | $43.0M | ||
| Q3 25 | $235.0M | $55.0M | ||
| Q2 25 | $104.0M | $57.0M | ||
| Q1 25 | $-34.0M | $79.0M | ||
| Q4 24 | $177.0M | $47.0M | ||
| Q3 24 | $136.0M | $59.0M | ||
| Q2 24 | $49.0M | $22.0M | ||
| Q1 24 | $-169.0M | $73.0M |
自由现金流率RIGTNET
| Q4 25 | 30.8% | 3.4% | ||
| Q3 25 | 22.9% | 4.5% | ||
| Q2 25 | 10.5% | 4.6% | ||
| Q1 25 | -3.8% | 6.1% | ||
| Q4 24 | 18.6% | 3.7% | ||
| Q3 24 | 14.3% | 4.8% | ||
| Q2 24 | 5.7% | 1.8% | ||
| Q1 24 | -22.1% | 5.8% |
资本支出强度RIGTNET
| Q4 25 | 2.7% | 1.4% | ||
| Q3 25 | 1.1% | 1.4% | ||
| Q2 25 | 2.4% | 1.5% | ||
| Q1 25 | 6.6% | 1.2% | ||
| Q4 24 | 3.0% | 1.4% | ||
| Q3 24 | 6.1% | 2.0% | ||
| Q2 24 | 9.8% | 1.4% | ||
| Q1 24 | 10.9% | 1.4% |
现金转化率RIGTNET
| Q4 25 | 13.96× | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 29.43× | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | -0.88× | 1.00× |
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% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
