vs
TopBuild Corp（BLD）与TUTOR PERINI CORP（TPC）财务数据对比。点击上方公司名可切换其他公司
TUTOR PERINI CORP的季度营收约是TopBuild Corp的1.0倍（$1.5B vs $1.5B），TopBuild Corp净利率更高（7.0% vs 1.9%，领先5.1%），TUTOR PERINI CORP同比增速更快（41.2% vs 13.2%），TopBuild Corp自由现金流更多（$159.4M vs $98.7M），过去两年TUTOR PERINI CORP的营收复合增速更高（19.9% vs 7.8%）
HashiCorp是总部位于美国加利福尼亚州旧金山的软件企业，2012年由米切尔·桥本与阿蒙·达德加创立，采用免费增值商业模式，为开发、运维及安全从业人员提供云基础设施配置、防护、运行与连接相关的工具及产品。
Tutor Perini集团是美国顶尖的大型总承包商之一，2008年由Perini公司与Tutor-Saliba公司合并成立，总部位于加利福尼亚州西尔马。公司业务覆盖北美全境，2024年营收约43.3亿美元，核心业务涵盖桥梁、公路、隧道、机场、公共交通系统等民用基建项目，同时也涉足建筑工程领域。
BLD vs TPC — 直观对比
营收规模更大
TPC
是对方的1.0倍
$1.5B
营收增速更快
TPC
高出28.0%
13.2%
净利率更高
BLD
高出5.1%
1.9%
自由现金流更多
BLD
多$60.7M
$98.7M
两年增速更快
TPC
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.5B |
| 净利润 | $104.5M | $28.8M |
| 毛利率 | 27.2% | 9.8% |
| 营业利润率 | 12.1% | 3.3% |
| 净利率 | 7.0% | 1.9% |
| 营收同比 | 13.2% | 41.2% |
| 净利润同比 | -30.6% | 136.3% |
| 每股收益（稀释后） | $3.69 | $0.53 |
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BLDTPC
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.3B | $1.0B |
净利润BLDTPC
| Q4 25 | $104.5M | $28.8M | ||
| Q3 25 | $142.2M | $3.6M | ||
| Q2 25 | $151.6M | $20.0M | ||
| Q1 25 | $123.4M | $28.0M | ||
| Q4 24 | $150.5M | $-79.4M | ||
| Q3 24 | $169.0M | $-100.9M | ||
| Q2 24 | $150.7M | $812.0K | ||
| Q1 24 | $152.4M | $15.8M |
毛利率BLDTPC
| Q4 25 | 27.2% | 9.8% | ||
| Q3 25 | 30.1% | 12.0% | ||
| Q2 25 | 30.4% | 14.3% | ||
| Q1 25 | 28.5% | 10.8% | ||
| Q4 24 | 29.9% | -0.9% | ||
| Q3 24 | 30.7% | -2.4% | ||
| Q2 24 | 31.0% | 10.4% | ||
| Q1 24 | 30.3% | 11.0% |
营业利润率BLDTPC
| Q4 25 | 12.1% | 3.3% | ||
| Q3 25 | 15.4% | 2.8% | ||
| Q2 25 | 16.9% | 5.6% | ||
| Q1 25 | 14.4% | 5.2% | ||
| Q4 24 | 16.6% | -8.1% | ||
| Q3 24 | 17.8% | -9.9% | ||
| Q2 24 | 15.4% | 3.6% | ||
| Q1 24 | 16.8% | 4.7% |
净利率BLDTPC
| Q4 25 | 7.0% | 1.9% | ||
| Q3 25 | 10.2% | 0.3% | ||
| Q2 25 | 11.7% | 1.5% | ||
| Q1 25 | 10.0% | 2.2% | ||
| Q4 24 | 11.5% | -7.4% | ||
| Q3 24 | 12.3% | -9.3% | ||
| Q2 24 | 11.0% | 0.1% | ||
| Q1 24 | 11.9% | 1.5% |
每股收益（稀释后）BLDTPC
| Q4 25 | $3.69 | $0.53 | ||
| Q3 25 | $5.04 | $0.07 | ||
| Q2 25 | $5.32 | $0.38 | ||
| Q1 25 | $4.23 | $0.53 | ||
| Q4 24 | $5.07 | $-1.53 | ||
| Q3 24 | $5.65 | $-1.92 | ||
| Q2 24 | $4.78 | $0.02 | ||
| Q1 24 | $4.79 | $0.30 |
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 | $184.7M | $734.6M |
| 总债务越低越好 | $2.8B | $407.4M |
| 股东权益账面价值 | $2.3B | $1.2B |
| 总资产 | $6.6B | $5.2B |
| 负债/权益比越低杠杆越低 | 1.23× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资BLDTPC
| Q4 25 | $184.7M | $734.6M | ||
| Q3 25 | $1.1B | $695.7M | ||
| Q2 25 | $842.5M | $526.1M | ||
| Q1 25 | $308.8M | $276.5M | ||
| Q4 24 | $400.3M | $455.1M | ||
| Q3 24 | $257.3M | $287.4M | ||
| Q2 24 | $463.2M | $267.1M | ||
| Q1 24 | $968.8M | $358.3M |
总债务BLDTPC
| Q4 25 | $2.8B | $407.4M | ||
| Q3 25 | $2.9B | $413.1M | ||
| Q2 25 | $1.9B | $419.4M | ||
| Q1 25 | $1.4B | $405.6M | ||
| Q4 24 | $1.4B | $534.1M | ||
| Q3 24 | $1.4B | $681.4M | ||
| Q2 24 | $1.4B | $676.4M | ||
| Q1 24 | $1.4B | $801.2M |
股东权益BLDTPC
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.2B | $1.1B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.7B | $1.3B |
总资产BLDTPC
| Q4 25 | $6.6B | $5.2B | ||
| Q3 25 | $6.4B | $5.2B | ||
| Q2 25 | $5.1B | $4.9B | ||
| Q1 25 | $4.6B | $4.5B | ||
| Q4 24 | $4.7B | $4.2B | ||
| Q3 24 | $4.7B | $4.4B | ||
| Q2 24 | $4.9B | $4.3B | ||
| Q1 24 | $5.3B | $4.4B |
负债/权益比BLDTPC
| Q4 25 | 1.23× | 0.33× | ||
| Q3 25 | 1.29× | 0.35× | ||
| Q2 25 | 0.88× | 0.35× | ||
| Q1 25 | 0.65× | 0.35× | ||
| Q4 24 | 0.62× | 0.47× | ||
| Q3 24 | 0.66× | 0.56× | ||
| Q2 24 | 0.59× | 0.52× | ||
| Q1 24 | 0.52× | 0.61× |
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 | $176.7M | $173.7M |
| 自由现金流经营现金流 - 资本支出 | $159.4M | $98.7M |
| 自由现金流率自由现金流/营收 | 10.7% | 6.5% |
| 资本支出强度资本支出/营收 | 1.2% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.69× | 6.02× |
| 过去12个月自由现金流最近4个季度 | $696.9M | $567.2M |
8季度趋势，按日历期对齐
经营现金流BLDTPC
| Q4 25 | $176.7M | $173.7M | ||
| Q3 25 | $233.3M | $289.1M | ||
| Q2 25 | $193.7M | $262.4M | ||
| Q1 25 | $152.6M | $22.9M | ||
| Q4 24 | $266.2M | $329.6M | ||
| Q3 24 | $240.7M | $22.6M | ||
| Q2 24 | $90.4M | $53.1M | ||
| Q1 24 | $178.8M | $98.3M |
自由现金流BLDTPC
| Q4 25 | $159.4M | $98.7M | ||
| Q3 25 | $216.2M | $240.2M | ||
| Q2 25 | $182.2M | $235.6M | ||
| Q1 25 | $139.2M | $-7.2M | ||
| Q4 24 | $253.7M | $320.4M | ||
| Q3 24 | $219.8M | $15.6M | ||
| Q2 24 | $74.3M | $42.2M | ||
| Q1 24 | $158.9M | $87.8M |
自由现金流率BLDTPC
| Q4 25 | 10.7% | 6.5% | ||
| Q3 25 | 15.5% | 17.0% | ||
| Q2 25 | 14.0% | 17.1% | ||
| Q1 25 | 11.3% | -0.6% | ||
| Q4 24 | 19.3% | 30.0% | ||
| Q3 24 | 16.0% | 1.4% | ||
| Q2 24 | 5.4% | 3.7% | ||
| Q1 24 | 12.4% | 8.4% |
资本支出强度BLDTPC
| Q4 25 | 1.2% | 5.0% | ||
| Q3 25 | 1.2% | 3.5% | ||
| Q2 25 | 0.9% | 2.0% | ||
| Q1 25 | 1.1% | 2.4% | ||
| Q4 24 | 1.0% | 0.9% | ||
| Q3 24 | 1.5% | 0.6% | ||
| Q2 24 | 1.2% | 1.0% | ||
| Q1 24 | 1.6% | 1.0% |
现金转化率BLDTPC
| Q4 25 | 1.69× | 6.02× | ||
| Q3 25 | 1.64× | 79.63× | ||
| Q2 25 | 1.28× | 13.14× | ||
| Q1 25 | 1.24× | 0.82× | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 0.60× | 65.44× | ||
| Q1 24 | 1.17× | 6.24× |
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
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
TPC
| State And Local Agencies | $591.1M | 39% |
| Mass Transit | $449.9M | 30% |
| Federal Agencies | $115.0M | 8% |
| Bridges | $100.5M | 7% |
| Military Facilities | $93.1M | 6% |
| Commercial And Industrial Facilities | $46.7M | 3% |
| Detention Facilities | $43.8M | 3% |
| Power And Energy | $35.8M | 2% |
| Multi Unit Residential | $25.9M | 2% |
| Education Facilities | $12.0M | 1% |
| Water | $3.6M | 0% |
