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斯伦贝谢（SLB）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
斯伦贝谢的季度营收约是美国合众银行的1.2倍（$8.7B vs $7.4B），美国合众银行净利率更高（27.8% vs 8.6%，领先19.1%），美国合众银行同比增速更快（5.1% vs 2.7%），过去两年美国合众银行的营收复合增速更高（4.7% vs -2.3%）
SLB前身为斯伦贝谢，是全球知名的跨国油田服务企业。1926年创立于法国，现注册地为库拉索威廉斯塔德，在巴黎、休斯敦、伦敦、海牙四地设有核心行政办公室，截至2022年按营收计算是全球最大的海上钻井企业及海上钻井承包商。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
SLB vs USB — 直观对比
营收规模更大
SLB
是对方的1.2倍
$7.4B
营收增速更快
USB
高出2.4%
2.7%
净利率更高
USB
高出19.1%
8.6%
两年增速更快
USB
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.7B | $7.4B |
| 净利润 | $752.0M | $2.0B |
| 毛利率 | — | — |
| 营业利润率 | — | 34.4% |
| 净利率 | 8.6% | 27.8% |
| 营收同比 | 2.7% | 5.1% |
| 净利润同比 | -5.6% | 23.0% |
| 每股收益（稀释后） | $0.50 | $1.26 |
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SLBUSB
| Q1 26 | $8.7B | — | ||
| Q4 25 | $9.7B | $7.4B | ||
| Q3 25 | $8.9B | $7.3B | ||
| Q2 25 | $8.5B | $7.0B | ||
| Q1 25 | $8.5B | $7.0B | ||
| Q4 24 | $9.3B | $7.0B | ||
| Q3 24 | $9.2B | $6.9B | ||
| Q2 24 | $9.1B | $6.9B |
净利润SLBUSB
| Q1 26 | $752.0M | — | ||
| Q4 25 | $824.0M | $2.0B | ||
| Q3 25 | $739.0M | $2.0B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $797.0M | $1.7B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.2B | $1.7B | ||
| Q2 24 | $1.1B | $1.6B |
营业利润率SLBUSB
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | 34.4% | ||
| Q3 25 | 11.2% | 34.5% | ||
| Q2 25 | 15.0% | 32.7% | ||
| Q1 25 | 12.5% | 31.0% | ||
| Q4 24 | 14.9% | 30.1% | ||
| Q3 24 | 16.5% | 30.2% | ||
| Q2 24 | 15.5% | 29.9% |
净利率SLBUSB
| Q1 26 | 8.6% | — | ||
| Q4 25 | 8.5% | 27.8% | ||
| Q3 25 | 8.3% | 27.3% | ||
| Q2 25 | 11.9% | 25.9% | ||
| Q1 25 | 9.4% | 24.6% | ||
| Q4 24 | 11.8% | 23.7% | ||
| Q3 24 | 12.9% | 25.0% | ||
| Q2 24 | 12.2% | 23.3% |
每股收益（稀释后）SLBUSB
| Q1 26 | $0.50 | — | ||
| Q4 25 | $0.53 | $1.26 | ||
| Q3 25 | $0.50 | $1.22 | ||
| Q2 25 | $0.74 | $1.11 | ||
| Q1 25 | $0.58 | $1.03 | ||
| Q4 24 | $0.77 | $1.01 | ||
| Q3 24 | $0.83 | $1.03 | ||
| Q2 24 | $0.77 | $0.97 |
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 | $3.4B | — |
| 总债务越低越好 | $9.7B | — |
| 股东权益账面价值 | $27.4B | $65.2B |
| 总资产 | $19.3B | $692.3B |
| 负债/权益比越低杠杆越低 | 0.35× | — |
8季度趋势，按日历期对齐
现金及短期投资SLBUSB
| Q1 26 | $3.4B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $571.0M | — | ||
| Q2 25 | $511.0M | — | ||
| Q1 25 | $961.0M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.1B | — |
总债务SLBUSB
| Q1 26 | $9.7B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益SLBUSB
| Q1 26 | $27.4B | — | ||
| Q4 25 | $26.1B | $65.2B | ||
| Q3 25 | $25.6B | $63.3B | ||
| Q2 25 | $20.3B | $61.4B | ||
| Q1 25 | $19.5B | $60.1B | ||
| Q4 24 | $21.1B | $58.6B | ||
| Q3 24 | $21.5B | $58.9B | ||
| Q2 24 | $21.1B | $56.4B |
总资产SLBUSB
| Q1 26 | $19.3B | — | ||
| Q4 25 | $54.9B | $692.3B | ||
| Q3 25 | $55.1B | $695.4B | ||
| Q2 25 | $48.8B | $686.4B | ||
| Q1 25 | $49.0B | $676.5B | ||
| Q4 24 | $48.9B | $678.3B | ||
| Q3 24 | $49.8B | $686.5B | ||
| Q2 24 | $49.4B | $680.1B |
负债/权益比SLBUSB
| Q1 26 | 0.35× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $2.8B |
| 自由现金流经营现金流 - 资本支出 | $103.0M | — |
| 自由现金流率自由现金流/营收 | 1.2% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.39× |
| 过去12个月自由现金流最近4个季度 | $4.6B | — |
8季度趋势，按日历期对齐
经营现金流SLBUSB
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $2.8B | ||
| Q3 25 | $1.7B | $3.4B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $660.0M | $-285.0M | ||
| Q4 24 | $2.4B | $4.8B | ||
| Q3 24 | $2.4B | $972.0M | ||
| Q2 24 | $1.4B | $2.9B |
自由现金流SLBUSB
| Q1 26 | $103.0M | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $771.0M | — | ||
| Q1 25 | $262.0M | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $973.0M | — |
自由现金流率SLBUSB
| Q1 26 | 1.2% | — | ||
| Q4 25 | 25.5% | — | ||
| Q3 25 | 14.3% | — | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 19.2% | — | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 10.6% | — |
资本支出强度SLBUSB
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 5.1% | — |
现金转化率SLBUSB
| Q1 26 | — | — | ||
| Q4 25 | 3.65× | 1.39× | ||
| Q3 25 | 2.28× | 1.69× | ||
| Q2 25 | 1.13× | 1.12× | ||
| Q1 25 | 0.83× | -0.17× | ||
| Q4 24 | 2.18× | 2.87× | ||
| Q3 24 | 2.06× | 0.57× | ||
| Q2 24 | 1.29× | 1.79× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
