vs
戴德梁行（CWK）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
戴德梁行的季度营收约是Primo Brands Corp的1.9倍（$2.9B vs $1.6B），戴德梁行净利率更高（-0.8% vs -0.8%，领先0.1%），戴德梁行自由现金流更多（$234.3M vs $57.3M）
戴德梁行是全球化的商业地产及物业管理服务提供商，总部位于美国伊利诺伊州芝加哥，由联合创始人J·克莱兹代尔·库什曼和伯纳德·韦克菲尔德共同创立，在全球商业地产服务领域拥有广泛的业务布局与专业服务能力，为各类客户提供定制化的地产相关解决方案。
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。
CWK vs PRMB — 直观对比
营收规模更大
CWK
是对方的1.9倍
$1.6B
净利率更高
CWK
高出0.1%
-0.8%
自由现金流更多
CWK
多$177.0M
$57.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $1.6B |
| 净利润 | $-22.4M | $-13.0M |
| 毛利率 | — | 27.7% |
| 营业利润率 | 6.1% | 1.2% |
| 净利率 | -0.8% | -0.8% |
| 营收同比 | 10.8% | — |
| 净利润同比 | -119.8% | — |
| 每股收益（稀释后） | $-0.10 | $-0.03 |
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CWKPRMB
| Q4 25 | $2.9B | $1.6B | ||
| Q3 25 | $2.6B | $1.8B | ||
| Q2 25 | $2.5B | $1.7B | ||
| Q1 25 | $2.3B | $1.6B | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.3B | $0 | ||
| Q2 24 | $2.3B | $1.3B | ||
| Q1 24 | $2.2B | $1.1B |
净利润CWKPRMB
| Q4 25 | $-22.4M | $-13.0M | ||
| Q3 25 | $51.4M | $16.8M | ||
| Q2 25 | $57.3M | $27.6M | ||
| Q1 25 | $1.9M | $28.7M | ||
| Q4 24 | $112.9M | — | ||
| Q3 24 | $33.7M | $-2.0K | ||
| Q2 24 | $13.5M | $54.5M | ||
| Q1 24 | $-28.8M | $33.5M |
毛利率CWKPRMB
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 29.9% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 32.7% | ||
| Q1 24 | — | 30.4% |
营业利润率CWKPRMB
| Q4 25 | 6.1% | 1.2% | ||
| Q3 25 | 4.1% | 8.3% | ||
| Q2 25 | 4.9% | 6.5% | ||
| Q1 25 | 2.0% | 9.5% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 3.1% | 12.1% | ||
| Q1 24 | 0.9% | 11.0% |
净利率CWKPRMB
| Q4 25 | -0.8% | -0.8% | ||
| Q3 25 | 2.0% | 1.0% | ||
| Q2 25 | 2.3% | 1.6% | ||
| Q1 25 | 0.1% | 1.8% | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 0.6% | 4.1% | ||
| Q1 24 | -1.3% | 2.9% |
每股收益（稀释后）CWKPRMB
| Q4 25 | $-0.10 | $-0.03 | ||
| Q3 25 | $0.22 | $0.04 | ||
| Q2 25 | $0.25 | $0.07 | ||
| Q1 25 | $0.01 | $0.08 | ||
| Q4 24 | $0.49 | — | ||
| Q3 24 | $0.14 | $-20.00 | ||
| Q2 24 | $0.06 | $0.25 | ||
| Q1 24 | $-0.13 | $0.15 |
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 | $784.2M | $376.7M |
| 总债务越低越好 | $2.7B | $5.2B |
| 股东权益账面价值 | $2.0B | $3.0B |
| 总资产 | $7.7B | $10.6B |
| 负债/权益比越低杠杆越低 | 1.40× | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资CWKPRMB
| Q4 25 | $784.2M | $376.7M | ||
| Q3 25 | $634.4M | — | ||
| Q2 25 | $618.2M | — | ||
| Q1 25 | $623.2M | — | ||
| Q4 24 | $793.3M | — | ||
| Q3 24 | $775.4M | — | ||
| Q2 24 | $567.3M | — | ||
| Q1 24 | $553.5M | — |
总债务CWKPRMB
| Q4 25 | $2.7B | $5.2B | ||
| Q3 25 | $2.8B | $5.1B | ||
| Q2 25 | $3.0B | $5.1B | ||
| Q1 25 | $3.0B | $5.0B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.2B | — |
股东权益CWKPRMB
| Q4 25 | $2.0B | $3.0B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $1.9B | $3.2B | ||
| Q1 25 | $1.8B | $3.3B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.7B | $-2.0K | ||
| Q2 24 | $1.6B | $-296.8M | ||
| Q1 24 | $1.6B | $-349.8M |
总资产CWKPRMB
| Q4 25 | $7.7B | $10.6B | ||
| Q3 25 | $7.7B | $11.0B | ||
| Q2 25 | $7.6B | $11.0B | ||
| Q1 25 | $7.4B | $11.0B | ||
| Q4 24 | $7.5B | — | ||
| Q3 24 | $7.5B | $0 | ||
| Q2 24 | $7.3B | — | ||
| Q1 24 | $7.5B | — |
负债/权益比CWKPRMB
| Q4 25 | 1.40× | 1.72× | ||
| Q3 25 | 1.45× | 1.61× | ||
| Q2 25 | 1.57× | 1.57× | ||
| Q1 25 | 1.70× | 1.51× | ||
| Q4 24 | 1.73× | — | ||
| Q3 24 | 1.81× | — | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 1.96× | — |
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 | $257.3M | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $234.3M | $57.3M |
| 自由现金流率自由现金流/营收 | 8.0% | 3.7% |
| 资本支出强度资本支出/营收 | 0.8% | 9.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $293.0M | $302.9M |
8季度趋势，按日历期对齐
经营现金流CWKPRMB
| Q4 25 | $257.3M | $203.1M | ||
| Q3 25 | $235.5M | $283.4M | ||
| Q2 25 | $9.6M | $155.0M | ||
| Q1 25 | $-162.0M | $38.8M | ||
| Q4 24 | $115.2M | — | ||
| Q3 24 | $196.1M | $0 | ||
| Q2 24 | $21.8M | $102.5M | ||
| Q1 24 | $-125.1M | $6.0M |
自由现金流CWKPRMB
| Q4 25 | $234.3M | $57.3M | ||
| Q3 25 | $225.0M | $167.7M | ||
| Q2 25 | $300.0K | $101.1M | ||
| Q1 25 | $-166.6M | $-23.2M | ||
| Q4 24 | $105.9M | — | ||
| Q3 24 | $186.7M | — | ||
| Q2 24 | $10.0M | $61.4M | ||
| Q1 24 | $-135.6M | $-17.5M |
自由现金流率CWKPRMB
| Q4 25 | 8.0% | 3.7% | ||
| Q3 25 | 8.6% | 9.5% | ||
| Q2 25 | 0.0% | 5.8% | ||
| Q1 25 | -7.3% | -1.4% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 8.0% | — | ||
| Q2 24 | 0.4% | 4.7% | ||
| Q1 24 | -6.2% | -1.5% |
资本支出强度CWKPRMB
| Q4 25 | 0.8% | 9.4% | ||
| Q3 25 | 0.4% | 6.6% | ||
| Q2 25 | 0.4% | 3.1% | ||
| Q1 25 | 0.2% | 3.8% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.5% | 3.1% | ||
| Q1 24 | 0.5% | 2.1% |
现金转化率CWKPRMB
| Q4 25 | — | — | ||
| Q3 25 | 4.58× | 16.87× | ||
| Q2 25 | 0.17× | 5.62× | ||
| Q1 25 | -85.26× | 1.35× | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 5.82× | — | ||
| Q2 24 | 1.61× | 1.88× | ||
| Q1 24 | — | 0.18× |
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
CWK
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
