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斯伦贝谢（SLB）与标普全球（VG）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标普全球的2.0倍（$8.7B vs $4.4B），标普全球净利率更高（26.8% vs 8.6%，领先18.2%），标普全球同比增速更快（191.7% vs 2.7%），斯伦贝谢自由现金流更多（$103.0M vs $-1.5B），过去两年标普全球的营收复合增速更高（77.3% 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。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
SLB vs VG — 直观对比
营收规模更大
SLB
是对方的2.0倍
$4.4B
营收增速更快
VG
高出188.9%
2.7%
净利率更高
VG
高出18.2%
8.6%
自由现金流更多
SLB
多$1.6B
$-1.5B
两年增速更快
VG
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.7B | $4.4B |
| 净利润 | $752.0M | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | — | 38.7% |
| 净利率 | 8.6% | 26.8% |
| 营收同比 | 2.7% | 191.7% |
| 净利润同比 | -5.6% | 20.3% |
| 每股收益（稀释后） | $0.50 | $0.41 |
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SLBVG
| Q1 26 | $8.7B | — | ||
| Q4 25 | $9.7B | $4.4B | ||
| Q3 25 | $8.9B | $3.3B | ||
| Q2 25 | $8.5B | $3.1B | ||
| Q1 25 | $8.5B | $2.9B | ||
| Q4 24 | $9.3B | $1.5B | ||
| Q3 24 | $9.2B | $926.0M | ||
| Q2 24 | $9.1B | $1.1B |
净利润SLBVG
| Q1 26 | $752.0M | — | ||
| Q4 25 | $824.0M | $1.2B | ||
| Q3 25 | $739.0M | $550.0M | ||
| Q2 25 | $1.0B | $475.0M | ||
| Q1 25 | $797.0M | $517.0M | ||
| Q4 24 | $1.1B | $990.0M | ||
| Q3 24 | $1.2B | $-294.0M | ||
| Q2 24 | $1.1B | $352.0M |
营业利润率SLBVG
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | 38.7% | ||
| Q3 25 | 11.2% | 39.7% | ||
| Q2 25 | 15.0% | 33.5% | ||
| Q1 25 | 12.5% | 37.3% | ||
| Q4 24 | 14.9% | 39.0% | ||
| Q3 24 | 16.5% | 20.4% | ||
| Q2 24 | 15.5% | 32.8% |
净利率SLBVG
| Q1 26 | 8.6% | — | ||
| Q4 25 | 8.5% | 26.8% | ||
| Q3 25 | 8.3% | 16.5% | ||
| Q2 25 | 11.9% | 15.3% | ||
| Q1 25 | 9.4% | 17.9% | ||
| Q4 24 | 11.8% | 65.0% | ||
| Q3 24 | 12.9% | -31.7% | ||
| Q2 24 | 12.2% | 31.8% |
每股收益（稀释后）SLBVG
| Q1 26 | $0.50 | — | ||
| Q4 25 | $0.53 | $0.41 | ||
| Q3 25 | $0.50 | $0.16 | ||
| Q2 25 | $0.74 | $0.14 | ||
| Q1 25 | $0.58 | $0.15 | ||
| Q4 24 | $0.77 | $0.35 | ||
| Q3 24 | $0.83 | $-0.15 | ||
| Q2 24 | $0.77 | $0.12 |
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 | $2.4B |
| 总债务越低越好 | $9.7B | $34.2B |
| 股东权益账面价值 | $27.4B | $6.7B |
| 总资产 | $19.3B | $53.4B |
| 负债/权益比越低杠杆越低 | 0.35× | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资SLBVG
| Q1 26 | $3.4B | — | ||
| Q4 25 | $1.2B | $2.4B | ||
| Q3 25 | $571.0M | $1.9B | ||
| Q2 25 | $511.0M | $2.2B | ||
| Q1 25 | $961.0M | $3.6B | ||
| Q4 24 | $1.1B | $3.6B | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.1B | — |
总债务SLBVG
| Q1 26 | $9.7B | — | ||
| Q4 25 | — | $34.2B | ||
| Q3 25 | — | $32.6B | ||
| Q2 25 | — | $30.0B | ||
| Q1 25 | — | $29.3B | ||
| Q4 24 | — | $29.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益SLBVG
| Q1 26 | $27.4B | — | ||
| Q4 25 | $26.1B | $6.7B | ||
| Q3 25 | $25.6B | $5.7B | ||
| Q2 25 | $20.3B | $5.3B | ||
| Q1 25 | $19.5B | $4.9B | ||
| Q4 24 | $21.1B | $2.9B | ||
| Q3 24 | $21.5B | — | ||
| Q2 24 | $21.1B | — |
总资产SLBVG
| Q1 26 | $19.3B | — | ||
| Q4 25 | $54.9B | $53.4B | ||
| Q3 25 | $55.1B | $50.1B | ||
| Q2 25 | $48.8B | $46.5B | ||
| Q1 25 | $49.0B | $45.1B | ||
| Q4 24 | $48.9B | $43.5B | ||
| Q3 24 | $49.8B | — | ||
| Q2 24 | $49.4B | — |
负债/权益比SLBVG
| Q1 26 | 0.35× | — | ||
| Q4 25 | — | 5.07× | ||
| Q3 25 | — | 5.73× | ||
| Q2 25 | — | 5.69× | ||
| Q1 25 | — | 6.01× | ||
| Q4 24 | — | 10.11× | ||
| 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 | — | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $103.0M | $-1.5B |
| 自由现金流率自由现金流/营收 | 1.2% | -34.1% |
| 资本支出强度资本支出/营收 | — | 81.6% |
| 现金转化率经营现金流/净利润 | — | 1.77× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $-6.8B |
8季度趋势，按日历期对齐
经营现金流SLBVG
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $2.1B | ||
| Q3 25 | $1.7B | $1.9B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $660.0M | $1.1B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $1.4B | — |
自由现金流SLBVG
| Q1 26 | $103.0M | — | ||
| Q4 25 | $2.5B | $-1.5B | ||
| Q3 25 | $1.3B | $-1.4B | ||
| Q2 25 | $771.0M | $-1.5B | ||
| Q1 25 | $262.0M | $-2.4B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $973.0M | — |
自由现金流率SLBVG
| Q1 26 | 1.2% | — | ||
| Q4 25 | 25.5% | -34.1% | ||
| Q3 25 | 14.3% | -42.4% | ||
| Q2 25 | 9.0% | -49.1% | ||
| Q1 25 | 3.1% | -81.3% | ||
| Q4 24 | 19.2% | — | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 10.6% | — |
资本支出强度SLBVG
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 81.6% | ||
| Q3 25 | 4.6% | 98.9% | ||
| Q2 25 | 4.3% | 96.1% | ||
| Q1 25 | 4.7% | 119.8% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 5.1% | — |
现金转化率SLBVG
| Q1 26 | — | — | ||
| Q4 25 | 3.65× | 1.77× | ||
| Q3 25 | 2.28× | 3.42× | ||
| Q2 25 | 1.13× | 3.07× | ||
| Q1 25 | 0.83× | 2.15× | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 1.29× | — |
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
SLB
暂无分部数据
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
