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ADT Inc.（ADT）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是ADT Inc.的1.3倍（$1.6B vs $1.3B），ADT Inc.净利率更高（11.4% vs 1.7%，领先9.7%），ADT Inc.同比增速更快（2.9% vs 0.8%），过去两年Primo Brands Corp的营收复合增速更高（19.7% vs 2.7%）
ADT Inc.是美国头部安防企业，总部位于佛罗里达州博卡拉顿，业务覆盖美国与加拿大，为住宅、小型商户提供电子安防、消防防护及相关报警监控服务。公司2016年被阿波罗全球管理以69亿美元杠杆收购，2018年1月于纽约证券交易所上市。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
ADT vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.3倍
$1.3B
营收增速更快
ADT
高出2.1%
0.8%
净利率更高
ADT
高出9.7%
1.7%
两年增速更快
PRMB
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.6B |
| 净利润 | $145.4M | $27.3M |
| 毛利率 | — | 28.6% |
| 营业利润率 | 26.1% | 8.5% |
| 净利率 | 11.4% | 1.7% |
| 营收同比 | 2.9% | 0.8% |
| 净利润同比 | -23.5% | -4.9% |
| 每股收益（稀释后） | — | $0.07 |
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ADTPRMB
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | $0 | ||
| Q2 24 | $1.2B | $1.3B |
净利润ADTPRMB
| Q1 26 | — | $27.3M | ||
| Q4 25 | $145.4M | $-13.0M | ||
| Q3 25 | $145.1M | $16.8M | ||
| Q2 25 | $165.2M | $27.6M | ||
| Q1 25 | $140.2M | $28.7M | ||
| Q4 24 | $190.0M | — | ||
| Q3 24 | $127.2M | $-2.0K | ||
| Q2 24 | $92.4M | $54.5M |
毛利率ADTPRMB
| Q1 26 | — | 28.6% | ||
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 29.9% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 32.7% |
营业利润率ADTPRMB
| Q1 26 | — | 8.5% | ||
| Q4 25 | 26.1% | 1.2% | ||
| Q3 25 | 24.3% | 8.3% | ||
| Q2 25 | 26.6% | 6.5% | ||
| Q1 25 | 25.2% | 9.5% | ||
| Q4 24 | 32.4% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 23.6% | 12.1% |
净利率ADTPRMB
| Q1 26 | — | 1.7% | ||
| Q4 25 | 11.4% | -0.8% | ||
| Q3 25 | 11.2% | 1.0% | ||
| Q2 25 | 12.8% | 1.6% | ||
| Q1 25 | 11.1% | 1.8% | ||
| Q4 24 | 15.3% | — | ||
| Q3 24 | 10.2% | — | ||
| Q2 24 | 7.7% | 4.1% |
每股收益（稀释后）ADTPRMB
| Q1 26 | — | $0.07 | ||
| Q4 25 | — | $-0.03 | ||
| Q3 25 | — | $0.04 | ||
| Q2 25 | — | $0.07 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-20.00 | ||
| Q2 24 | — | $0.25 |
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 | $80.8M | — |
| 总债务越低越好 | $7.4B | $5.2B |
| 股东权益账面价值 | $3.8B | $3.0B |
| 总资产 | $15.8B | $10.6B |
| 负债/权益比越低杠杆越低 | 1.95× | 1.74× |
8季度趋势，按日历期对齐
现金及短期投资ADTPRMB
| Q1 26 | — | — | ||
| Q4 25 | $80.8M | $376.7M | ||
| Q3 25 | $62.8M | — | ||
| Q2 25 | $45.2M | — | ||
| Q1 25 | $3.7M | — | ||
| Q4 24 | $96.2M | — | ||
| Q3 24 | $95.3M | — | ||
| Q2 24 | $37.9M | — |
总债务ADTPRMB
| Q1 26 | — | $5.2B | ||
| Q4 25 | $7.4B | $5.2B | ||
| Q3 25 | $7.3B | $5.1B | ||
| Q2 25 | $6.8B | $5.1B | ||
| Q1 25 | $7.6B | $5.0B | ||
| Q4 24 | $7.5B | — | ||
| Q3 24 | $7.5B | — | ||
| Q2 24 | $7.5B | — |
股东权益ADTPRMB
| Q1 26 | — | $3.0B | ||
| Q4 25 | $3.8B | $3.0B | ||
| Q3 25 | $3.7B | $3.2B | ||
| Q2 25 | $3.7B | $3.2B | ||
| Q1 25 | $3.6B | $3.3B | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.9B | $-2.0K | ||
| Q2 24 | $3.8B | $-296.8M |
总资产ADTPRMB
| Q1 26 | — | $10.6B | ||
| Q4 25 | $15.8B | $10.6B | ||
| Q3 25 | $16.0B | $11.0B | ||
| Q2 25 | $16.0B | $11.0B | ||
| Q1 25 | $15.8B | $11.0B | ||
| Q4 24 | $16.1B | — | ||
| Q3 24 | $16.1B | $0 | ||
| Q2 24 | $16.0B | — |
负债/权益比ADTPRMB
| Q1 26 | — | 1.74× | ||
| Q4 25 | 1.95× | 1.72× | ||
| Q3 25 | 1.99× | 1.61× | ||
| Q2 25 | 1.84× | 1.57× | ||
| Q1 25 | 2.10× | 1.51× | ||
| Q4 24 | 1.98× | — | ||
| Q3 24 | 1.93× | — | ||
| Q2 24 | 1.98× | — |
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 | $373.6M | $103.8M |
| 自由现金流经营现金流 - 资本支出 | $323.5M | — |
| 自由现金流率自由现金流/营收 | 25.4% | — |
| 资本支出强度资本支出/营收 | 3.9% | 2.9% |
| 现金转化率经营现金流/净利润 | 2.57× | 3.80× |
| 过去12个月自由现金流最近4个季度 | $1.7B | — |
8季度趋势，按日历期对齐
经营现金流ADTPRMB
| Q1 26 | — | $103.8M | ||
| Q4 25 | $373.6M | $203.1M | ||
| Q3 25 | $480.1M | $283.4M | ||
| Q2 25 | $563.9M | $155.0M | ||
| Q1 25 | $466.6M | $38.8M | ||
| Q4 24 | $459.7M | — | ||
| Q3 24 | $498.2M | $0 | ||
| Q2 24 | $563.2M | $102.5M |
自由现金流ADTPRMB
| Q1 26 | — | — | ||
| Q4 25 | $323.5M | $57.3M | ||
| Q3 25 | $437.4M | $167.7M | ||
| Q2 25 | $526.3M | $101.1M | ||
| Q1 25 | $421.2M | $-23.2M | ||
| Q4 24 | $426.0M | — | ||
| Q3 24 | $455.5M | — | ||
| Q2 24 | $516.5M | $61.4M |
自由现金流率ADTPRMB
| Q1 26 | — | — | ||
| Q4 25 | 25.4% | 3.7% | ||
| Q3 25 | 33.7% | 9.5% | ||
| Q2 25 | 40.9% | 5.8% | ||
| Q1 25 | 33.2% | -1.4% | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 36.6% | — | ||
| Q2 24 | 42.9% | 4.7% |
资本支出强度ADTPRMB
| Q1 26 | — | 2.9% | ||
| Q4 25 | 3.9% | 9.4% | ||
| Q3 25 | 3.3% | 6.6% | ||
| Q2 25 | 2.9% | 3.1% | ||
| Q1 25 | 3.6% | 3.8% | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 3.9% | 3.1% |
现金转化率ADTPRMB
| Q1 26 | — | 3.80× | ||
| Q4 25 | 2.57× | — | ||
| Q3 25 | 3.31× | 16.87× | ||
| Q2 25 | 3.41× | 5.62× | ||
| Q1 25 | 3.33× | 1.35× | ||
| Q4 24 | 2.42× | — | ||
| Q3 24 | 3.92× | — | ||
| Q2 24 | 6.10× | 1.88× |
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
ADT
| Recurring Monthly Revenue | $1.0B | 82% |
| Installation Revenue | $103.0M | 8% |
| Other | $89.9M | 7% |
| Other Related Services | $36.0M | 3% |
PRMB
| Regional spring water | $801.2M | 49% |
| Purified water | $511.2M | 31% |
| Other | $208.2M | 13% |
| Premium water | $105.5M | 6% |
