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艾仕得（AXTA）与Primoris Services Corp（PRIM）财务数据对比。点击上方公司名可切换其他公司
Primoris Services Corp的季度营收约是艾仕得的1.5倍（$1.9B vs $1.3B），艾仕得净利率更高（4.8% vs 2.8%，领先2.0%），Primoris Services Corp同比增速更快（6.7% vs -3.7%），艾仕得自由现金流更多（$286.0M vs $121.1M），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs -1.2%）
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
Primoris Services Corp是总部位于美国的上市专业基建与工程建设企业，核心业务覆盖天然气管道、污水管网及供水管道建设领域，2014年入选《财富》1000强榜单，在北美能源及民生基建领域拥有丰富的项目运营经验。
AXTA vs PRIM — 直观对比
营收规模更大
PRIM
是对方的1.5倍
$1.3B
营收增速更快
PRIM
高出10.4%
-3.7%
净利率更高
AXTA
高出2.0%
2.8%
自由现金流更多
AXTA
多$164.9M
$121.1M
两年增速更快
PRIM
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.9B |
| 净利润 | $60.0M | $51.7M |
| 毛利率 | 33.4% | 9.4% |
| 营业利润率 | 12.8% | 4.2% |
| 净利率 | 4.8% | 2.8% |
| 营收同比 | -3.7% | 6.7% |
| 净利润同比 | -56.2% | -4.2% |
| 每股收益（稀释后） | $0.28 | $0.94 |
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AXTAPRIM
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.3B | $1.4B |
净利润AXTAPRIM
| Q4 25 | $60.0M | $51.7M | ||
| Q3 25 | $110.0M | $94.6M | ||
| Q2 25 | $109.0M | $84.3M | ||
| Q1 25 | $99.0M | $44.2M | ||
| Q4 24 | $137.0M | $54.0M | ||
| Q3 24 | $101.0M | $58.4M | ||
| Q2 24 | $112.0M | $49.5M | ||
| Q1 24 | $41.0M | $18.9M |
毛利率AXTAPRIM
| Q4 25 | 33.4% | 9.4% | ||
| Q3 25 | 34.9% | 10.8% | ||
| Q2 25 | 35.0% | 12.3% | ||
| Q1 25 | 34.3% | 10.4% | ||
| Q4 24 | 34.1% | 10.6% | ||
| Q3 24 | 35.0% | 12.0% | ||
| Q2 24 | 34.0% | 11.9% | ||
| Q1 24 | 33.2% | 9.4% |
营业利润率AXTAPRIM
| Q4 25 | 12.8% | 4.2% | ||
| Q3 25 | 15.8% | 6.3% | ||
| Q2 25 | 14.8% | 6.7% | ||
| Q1 25 | 13.9% | 4.3% | ||
| Q4 24 | 14.3% | 5.0% | ||
| Q3 24 | 14.6% | 6.0% | ||
| Q2 24 | 15.2% | 5.5% | ||
| Q1 24 | 9.4% | 3.1% |
净利率AXTAPRIM
| Q4 25 | 4.8% | 2.8% | ||
| Q3 25 | 8.5% | 4.3% | ||
| Q2 25 | 8.4% | 4.5% | ||
| Q1 25 | 7.8% | 2.7% | ||
| Q4 24 | 10.5% | 3.1% | ||
| Q3 24 | 7.7% | 3.5% | ||
| Q2 24 | 8.3% | 3.2% | ||
| Q1 24 | 3.2% | 1.3% |
每股收益（稀释后）AXTAPRIM
| Q4 25 | $0.28 | $0.94 | ||
| Q3 25 | $0.51 | $1.73 | ||
| Q2 25 | $0.50 | $1.54 | ||
| Q1 25 | $0.45 | $0.81 | ||
| Q4 24 | $0.63 | $0.98 | ||
| Q3 24 | $0.46 | $1.07 | ||
| Q2 24 | $0.51 | $0.91 | ||
| Q1 24 | $0.18 | $0.35 |
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 | $657.0M | $535.5M |
| 总债务越低越好 | $3.2B | $469.9M |
| 股东权益账面价值 | $2.3B | $1.7B |
| 总资产 | $7.6B | $4.4B |
| 负债/权益比越低杠杆越低 | 1.36× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资AXTAPRIM
| Q4 25 | $657.0M | $535.5M | ||
| Q3 25 | $606.0M | $431.4M | ||
| Q2 25 | $625.0M | $390.3M | ||
| Q1 25 | $575.0M | $351.6M | ||
| Q4 24 | $593.0M | $455.8M | ||
| Q3 24 | $567.0M | $352.7M | ||
| Q2 24 | $840.0M | $207.4M | ||
| Q1 24 | $624.0M | $177.6M |
总债务AXTAPRIM
| Q4 25 | $3.2B | $469.9M | ||
| Q3 25 | $3.4B | $486.0M | ||
| Q2 25 | $3.4B | $603.1M | ||
| Q1 25 | $3.4B | $612.0M | ||
| Q4 24 | $3.4B | $734.8M | ||
| Q3 24 | $3.5B | $903.7M | ||
| Q2 24 | $3.6B | $933.0M | ||
| Q1 24 | $3.4B | $951.7M |
股东权益AXTAPRIM
| Q4 25 | $2.3B | $1.7B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.3B | $1.5B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $1.9B | $1.4B | ||
| Q2 24 | $1.8B | $1.3B | ||
| Q1 24 | $1.7B | $1.2B |
总资产AXTAPRIM
| Q4 25 | $7.6B | $4.4B | ||
| Q3 25 | $7.8B | $4.6B | ||
| Q2 25 | $7.8B | $4.5B | ||
| Q1 25 | $7.4B | $4.2B | ||
| Q4 24 | $7.2B | $4.2B | ||
| Q3 24 | $7.5B | $4.2B | ||
| Q2 24 | $7.3B | $4.0B | ||
| Q1 24 | $7.1B | $4.0B |
负债/权益比AXTAPRIM
| Q4 25 | 1.36× | 0.28× | ||
| Q3 25 | 1.48× | 0.30× | ||
| Q2 25 | 1.50× | 0.39× | ||
| Q1 25 | 1.64× | 0.42× | ||
| Q4 24 | 1.78× | 0.52× | ||
| Q3 24 | 1.84× | 0.67× | ||
| Q2 24 | 2.02× | 0.72× | ||
| Q1 24 | 1.97× | 0.76× |
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 | $344.0M | $142.9M |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $121.1M |
| 自由现金流率自由现金流/营收 | 22.7% | 6.5% |
| 资本支出强度资本支出/营收 | 4.6% | 1.2% |
| 现金转化率经营现金流/净利润 | 5.73× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $453.0M | $340.5M |
8季度趋势，按日历期对齐
经营现金流AXTAPRIM
| Q4 25 | $344.0M | $142.9M | ||
| Q3 25 | $137.0M | $182.9M | ||
| Q2 25 | $142.0M | $78.5M | ||
| Q1 25 | $26.0M | $66.2M | ||
| Q4 24 | $234.0M | $298.3M | ||
| Q3 24 | $194.0M | $222.5M | ||
| Q2 24 | $114.0M | $16.1M | ||
| Q1 24 | $34.0M | $-28.5M |
自由现金流AXTAPRIM
| Q4 25 | $286.0M | $121.1M | ||
| Q3 25 | $87.0M | $148.4M | ||
| Q2 25 | $97.0M | $45.3M | ||
| Q1 25 | $-17.0M | $25.6M | ||
| Q4 24 | $172.0M | $270.0M | ||
| Q3 24 | $161.0M | $158.8M | ||
| Q2 24 | $91.0M | $-8.1M | ||
| Q1 24 | $12.0M | $-38.9M |
自由现金流率AXTAPRIM
| Q4 25 | 22.7% | 6.5% | ||
| Q3 25 | 6.8% | 6.8% | ||
| Q2 25 | 7.4% | 2.4% | ||
| Q1 25 | -1.3% | 1.6% | ||
| Q4 24 | 13.1% | 15.5% | ||
| Q3 24 | 12.2% | 9.6% | ||
| Q2 24 | 6.7% | -0.5% | ||
| Q1 24 | 0.9% | -2.8% |
资本支出强度AXTAPRIM
| Q4 25 | 4.6% | 1.2% | ||
| Q3 25 | 3.9% | 1.6% | ||
| Q2 25 | 3.4% | 1.8% | ||
| Q1 25 | 3.4% | 2.5% | ||
| Q4 24 | 4.7% | 1.6% | ||
| Q3 24 | 2.5% | 3.9% | ||
| Q2 24 | 1.7% | 1.5% | ||
| Q1 24 | 1.7% | 0.7% |
现金转化率AXTAPRIM
| Q4 25 | 5.73× | 2.76× | ||
| Q3 25 | 1.25× | 1.93× | ||
| Q2 25 | 1.30× | 0.93× | ||
| Q1 25 | 0.26× | 1.50× | ||
| Q4 24 | 1.71× | 5.53× | ||
| Q3 24 | 1.92× | 3.81× | ||
| Q2 24 | 1.02× | 0.32× | ||
| Q1 24 | 0.83× | -1.50× |
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
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
