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越洋钻探（RIG）与Vulcan Materials Company（VMC）财务数据对比。点击上方公司名可切换其他公司
Vulcan Materials Company的季度营收约是越洋钻探的1.8倍（$1.9B vs $1.0B），Vulcan Materials Company净利率更高（13.2% vs 2.4%，领先10.8%），越洋钻探同比增速更快（9.6% vs 3.2%），Vulcan Materials Company自由现金流更多（$358.2M vs $321.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs 11.2%）
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。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
RIG vs VMC — 直观对比
营收规模更大
VMC
是对方的1.8倍
$1.0B
营收增速更快
RIG
高出6.4%
3.2%
净利率更高
VMC
高出10.8%
2.4%
自由现金流更多
VMC
多$37.2M
$321.0M
两年增速更快
RIG
近两年复合增速
11.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.9B |
| 净利润 | $25.0M | $252.0M |
| 毛利率 | 42.0% | 25.5% |
| 营业利润率 | 23.0% | 19.8% |
| 净利率 | 2.4% | 13.2% |
| 营收同比 | 9.6% | 3.2% |
| 净利润同比 | 257.1% | -14.2% |
| 每股收益（稀释后） | $0.13 | $1.90 |
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RIGVMC
| Q4 25 | $1.0B | $1.9B | ||
| Q3 25 | $1.0B | $2.3B | ||
| Q2 25 | $988.0M | $2.1B | ||
| Q1 25 | $906.0M | $1.6B | ||
| Q4 24 | $952.0M | $1.9B | ||
| Q3 24 | $948.0M | $2.0B | ||
| Q2 24 | $861.0M | $2.0B | ||
| Q1 24 | $763.0M | $1.5B |
净利润RIGVMC
| Q4 25 | $25.0M | $252.0M | ||
| Q3 25 | $-1.9B | $374.9M | ||
| Q2 25 | $-938.0M | $320.9M | ||
| Q1 25 | $-79.0M | $128.9M | ||
| Q4 24 | $7.0M | $293.6M | ||
| Q3 24 | $-494.0M | $207.6M | ||
| Q2 24 | $-123.0M | $308.0M | ||
| Q1 24 | $98.0M | $102.7M |
毛利率RIGVMC
| Q4 25 | 42.0% | 25.5% | ||
| Q3 25 | 43.2% | 30.4% | ||
| Q2 25 | 39.4% | 29.7% | ||
| Q1 25 | 31.8% | 22.3% | ||
| Q4 24 | 39.2% | 29.0% | ||
| Q3 24 | 40.6% | 28.2% | ||
| Q2 24 | 38.0% | 29.4% | ||
| Q1 24 | 31.5% | 19.7% |
营业利润率RIGVMC
| Q4 25 | 23.0% | 19.8% | ||
| Q3 25 | -163.1% | 23.7% | ||
| Q2 25 | -97.6% | 22.4% | ||
| Q1 25 | 7.1% | 13.9% | ||
| Q4 24 | 13.7% | 21.6% | ||
| Q3 24 | -51.2% | 16.8% | ||
| Q2 24 | -6.9% | 22.5% | ||
| Q1 24 | -0.4% | 11.2% |
净利率RIGVMC
| Q4 25 | 2.4% | 13.2% | ||
| Q3 25 | -187.1% | 16.4% | ||
| Q2 25 | -94.9% | 15.3% | ||
| Q1 25 | -8.7% | 7.9% | ||
| Q4 24 | 0.7% | 15.8% | ||
| Q3 24 | -52.1% | 10.4% | ||
| Q2 24 | -14.3% | 15.3% | ||
| Q1 24 | 12.8% | 6.6% |
每股收益（稀释后）RIGVMC
| Q4 25 | $0.13 | $1.90 | ||
| Q3 25 | $-2.00 | $2.82 | ||
| Q2 25 | $-1.06 | $2.42 | ||
| Q1 25 | $-0.11 | $0.97 | ||
| Q4 24 | $-0.14 | $2.21 | ||
| Q3 24 | $-0.58 | $1.56 | ||
| Q2 24 | $-0.15 | $2.31 | ||
| Q1 24 | $0.11 | $0.77 |
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 | $183.3M |
| 总债务越低越好 | $5.2B | $4.4B |
| 股东权益账面价值 | $8.1B | $8.5B |
| 总资产 | $15.6B | $16.7B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资RIGVMC
| Q4 25 | $620.0M | $183.3M | ||
| Q3 25 | $833.0M | $191.3M | ||
| Q2 25 | $377.0M | $347.4M | ||
| Q1 25 | $263.0M | $181.3M | ||
| Q4 24 | $560.0M | $559.7M | ||
| Q3 24 | $435.0M | $433.2M | ||
| Q2 24 | $475.0M | $111.0M | ||
| Q1 24 | $446.0M | $292.4M |
总债务RIGVMC
| Q4 25 | $5.2B | $4.4B | ||
| Q3 25 | $4.8B | $4.4B | ||
| Q2 25 | $5.9B | $4.4B | ||
| Q1 25 | $5.9B | $4.9B | ||
| Q4 24 | $6.2B | $5.3B | ||
| Q3 24 | $6.5B | $3.3B | ||
| Q2 24 | $6.8B | $3.3B | ||
| Q1 24 | $6.8B | $3.3B |
股东权益RIGVMC
| Q4 25 | $8.1B | $8.5B | ||
| Q3 25 | $8.1B | $8.7B | ||
| Q2 25 | $9.4B | $8.4B | ||
| Q1 25 | $10.2B | $8.1B | ||
| Q4 24 | $10.3B | $8.1B | ||
| Q3 24 | $10.2B | $7.9B | ||
| Q2 24 | $10.7B | $7.7B | ||
| Q1 24 | $10.5B | $7.5B |
总资产RIGVMC
| Q4 25 | $15.6B | $16.7B | ||
| Q3 25 | $16.2B | $17.0B | ||
| Q2 25 | $17.8B | $17.0B | ||
| Q1 25 | $19.0B | $16.7B | ||
| Q4 24 | $19.4B | $17.1B | ||
| Q3 24 | $19.5B | $14.4B | ||
| Q2 24 | $20.3B | $14.2B | ||
| Q1 24 | $19.9B | $13.9B |
负债/权益比RIGVMC
| Q4 25 | 0.64× | 0.51× | ||
| Q3 25 | 0.60× | 0.50× | ||
| Q2 25 | 0.63× | 0.52× | ||
| Q1 25 | 0.58× | 0.60× | ||
| Q4 24 | 0.60× | 0.65× | ||
| Q3 24 | 0.64× | 0.42× | ||
| Q2 24 | 0.63× | 0.43× | ||
| Q1 24 | 0.65× | 0.44× |
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 | $543.0M |
| 自由现金流经营现金流 - 资本支出 | $321.0M | $358.2M |
| 自由现金流率自由现金流/营收 | 30.8% | 18.7% |
| 资本支出强度资本支出/营收 | 2.7% | 9.7% |
| 现金转化率经营现金流/净利润 | 13.96× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $626.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流RIGVMC
| Q4 25 | $349.0M | $543.0M | ||
| Q3 25 | $246.0M | $676.8M | ||
| Q2 25 | $128.0M | $341.7M | ||
| Q1 25 | $26.0M | $251.5M | ||
| Q4 24 | $206.0M | $440.1M | ||
| Q3 24 | $194.0M | $595.0M | ||
| Q2 24 | $133.0M | $201.1M | ||
| Q1 24 | $-86.0M | $173.4M |
自由现金流RIGVMC
| Q4 25 | $321.0M | $358.2M | ||
| Q3 25 | $235.0M | $454.8M | ||
| Q2 25 | $104.0M | $238.8M | ||
| Q1 25 | $-34.0M | $83.5M | ||
| Q4 24 | $177.0M | $277.6M | ||
| Q3 24 | $136.0M | $498.2M | ||
| Q2 24 | $49.0M | $9.7M | ||
| Q1 24 | $-169.0M | $20.6M |
自由现金流率RIGVMC
| Q4 25 | 30.8% | 18.7% | ||
| Q3 25 | 22.9% | 19.8% | ||
| Q2 25 | 10.5% | 11.4% | ||
| Q1 25 | -3.8% | 5.1% | ||
| Q4 24 | 18.6% | 15.0% | ||
| Q3 24 | 14.3% | 24.9% | ||
| Q2 24 | 5.7% | 0.5% | ||
| Q1 24 | -22.1% | 1.3% |
资本支出强度RIGVMC
| Q4 25 | 2.7% | 9.7% | ||
| Q3 25 | 1.1% | 9.7% | ||
| Q2 25 | 2.4% | 4.9% | ||
| Q1 25 | 6.6% | 10.3% | ||
| Q4 24 | 3.0% | 8.8% | ||
| Q3 24 | 6.1% | 4.8% | ||
| Q2 24 | 9.8% | 9.5% | ||
| Q1 24 | 10.9% | 9.9% |
现金转化率RIGVMC
| Q4 25 | 13.96× | 2.15× | ||
| Q3 25 | — | 1.81× | ||
| Q2 25 | — | 1.06× | ||
| Q1 25 | — | 1.95× | ||
| Q4 24 | 29.43× | 1.50× | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | -0.88× | 1.69× |
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% |
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
