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Eversource Energy（ES）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
Eversource Energy的季度营收约是Primoris Services Corp的1.8倍（$3.4B vs $1.9B），Eversource Energy净利率更高（12.6% vs 2.8%，领先9.8%），Eversource Energy同比增速更快（13.4% vs 6.7%），Primoris Services Corp自由现金流更多（$121.1M vs $-67.3M），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs 0.6%）
Eversource Energy是位列财富500强的上市能源企业，总部位于美国马萨诸塞州斯普林菲尔德，在康涅狄格州哈特福德、马萨诸塞州波士顿均设有办公据点，旗下多家受监管子公司为康涅狄格、马萨诸塞、新罕布什尔三州约400万用户提供零售电力、天然气及供水服务。
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。
ES vs PRIM — 直观对比
营收规模更大
ES
是对方的1.8倍
$1.9B
营收增速更快
ES
高出6.7%
6.7%
净利率更高
ES
高出9.8%
2.8%
自由现金流更多
PRIM
多$188.4M
$-67.3M
两年增速更快
PRIM
近两年复合增速
0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $1.9B |
| 净利润 | $423.2M | $51.7M |
| 毛利率 | — | 9.4% |
| 营业利润率 | 21.1% | 4.2% |
| 净利率 | 12.6% | 2.8% |
| 营收同比 | 13.4% | 6.7% |
| 净利润同比 | 468.8% | -4.2% |
| 每股收益（稀释后） | $1.11 | $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ESPRIM
| Q4 25 | $3.4B | $1.9B | ||
| Q3 25 | $3.2B | $2.2B | ||
| Q2 25 | $2.8B | $1.9B | ||
| Q1 25 | $4.1B | $1.6B | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $3.1B | $1.6B | ||
| Q2 24 | $2.5B | $1.6B | ||
| Q1 24 | $3.3B | $1.4B |
净利润ESPRIM
| Q4 25 | $423.2M | $51.7M | ||
| Q3 25 | $369.4M | $94.6M | ||
| Q2 25 | $354.6M | $84.3M | ||
| Q1 25 | $552.7M | $44.2M | ||
| Q4 24 | $74.4M | $54.0M | ||
| Q3 24 | $-116.2M | $58.4M | ||
| Q2 24 | $337.2M | $49.5M | ||
| Q1 24 | $523.7M | $18.9M |
毛利率ESPRIM
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | — | 9.4% |
营业利润率ESPRIM
| Q4 25 | 21.1% | 4.2% | ||
| Q3 25 | 21.4% | 6.3% | ||
| Q2 25 | 23.4% | 6.7% | ||
| Q1 25 | 22.5% | 4.3% | ||
| Q4 24 | 11.7% | 5.0% | ||
| Q3 24 | 20.0% | 6.0% | ||
| Q2 24 | 23.8% | 5.5% | ||
| Q1 24 | 25.4% | 3.1% |
净利率ESPRIM
| Q4 25 | 12.6% | 2.8% | ||
| Q3 25 | 11.5% | 4.3% | ||
| Q2 25 | 12.5% | 4.5% | ||
| Q1 25 | 13.4% | 2.7% | ||
| Q4 24 | 2.5% | 3.1% | ||
| Q3 24 | -3.8% | 3.5% | ||
| Q2 24 | 13.3% | 3.2% | ||
| Q1 24 | 15.7% | 1.3% |
每股收益（稀释后）ESPRIM
| Q4 25 | $1.11 | $0.94 | ||
| Q3 25 | $0.99 | $1.73 | ||
| Q2 25 | $0.96 | $1.54 | ||
| Q1 25 | $1.50 | $0.81 | ||
| Q4 24 | $0.16 | $0.98 | ||
| Q3 24 | $-0.33 | $1.07 | ||
| Q2 24 | $0.95 | $0.91 | ||
| Q1 24 | $1.49 | $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 | $135.4M | $535.5M |
| 总债务越低越好 | — | $469.9M |
| 股东权益账面价值 | $16.2B | $1.7B |
| 总资产 | $63.8B | $4.4B |
| 负债/权益比越低杠杆越低 | — | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资ESPRIM
| Q4 25 | $135.4M | $535.5M | ||
| Q3 25 | $259.3M | $431.4M | ||
| Q2 25 | $343.7M | $390.3M | ||
| Q1 25 | $111.4M | $351.6M | ||
| Q4 24 | $26.7M | $455.8M | ||
| Q3 24 | $97.9M | $352.7M | ||
| Q2 24 | — | $207.4M | ||
| Q1 24 | — | $177.6M |
总债务ESPRIM
| Q4 25 | — | $469.9M | ||
| Q3 25 | — | $486.0M | ||
| Q2 25 | — | $603.1M | ||
| Q1 25 | — | $612.0M | ||
| Q4 24 | — | $734.8M | ||
| Q3 24 | — | $903.7M | ||
| Q2 24 | — | $933.0M | ||
| Q1 24 | — | $951.7M |
股东权益ESPRIM
| Q4 25 | $16.2B | $1.7B | ||
| Q3 25 | $16.0B | $1.6B | ||
| Q2 25 | $15.7B | $1.5B | ||
| Q1 25 | $15.3B | $1.4B | ||
| Q4 24 | $15.0B | $1.4B | ||
| Q3 24 | $15.0B | $1.4B | ||
| Q2 24 | $14.8B | $1.3B | ||
| Q1 24 | $14.5B | $1.2B |
总资产ESPRIM
| Q4 25 | $63.8B | $4.4B | ||
| Q3 25 | $61.7B | $4.6B | ||
| Q2 25 | $61.0B | $4.5B | ||
| Q1 25 | $60.2B | $4.2B | ||
| Q4 24 | $59.6B | $4.2B | ||
| Q3 24 | $58.6B | $4.2B | ||
| Q2 24 | $58.4B | $4.0B | ||
| Q1 24 | $57.3B | $4.0B |
负债/权益比ESPRIM
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.72× | ||
| Q1 24 | — | 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 | $916.1M | $142.9M |
| 自由现金流经营现金流 - 资本支出 | $-67.3M | $121.1M |
| 自由现金流率自由现金流/营收 | -2.0% | 6.5% |
| 资本支出强度资本支出/营收 | 29.2% | 1.2% |
| 现金转化率经营现金流/净利润 | 2.16× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $-45.1M | $340.5M |
8季度趋势，按日历期对齐
经营现金流ESPRIM
| Q4 25 | $916.1M | $142.9M | ||
| Q3 25 | $1.1B | $182.9M | ||
| Q2 25 | $1.1B | $78.5M | ||
| Q1 25 | $1.0B | $66.2M | ||
| Q4 24 | $642.1M | $298.3M | ||
| Q3 24 | $555.6M | $222.5M | ||
| Q2 24 | $670.7M | $16.1M | ||
| Q1 24 | $291.3M | $-28.5M |
自由现金流ESPRIM
| Q4 25 | $-67.3M | $121.1M | ||
| Q3 25 | $-26.3M | $148.4M | ||
| Q2 25 | $15.3M | $45.3M | ||
| Q1 25 | $33.2M | $25.6M | ||
| Q4 24 | $-546.5M | $270.0M | ||
| Q3 24 | $-515.4M | $158.8M | ||
| Q2 24 | $-400.8M | $-8.1M | ||
| Q1 24 | $-858.1M | $-38.9M |
自由现金流率ESPRIM
| Q4 25 | -2.0% | 6.5% | ||
| Q3 25 | -0.8% | 6.8% | ||
| Q2 25 | 0.5% | 2.4% | ||
| Q1 25 | 0.8% | 1.6% | ||
| Q4 24 | -18.4% | 15.5% | ||
| Q3 24 | -16.8% | 9.6% | ||
| Q2 24 | -15.8% | -0.5% | ||
| Q1 24 | -25.7% | -2.8% |
资本支出强度ESPRIM
| Q4 25 | 29.2% | 1.2% | ||
| Q3 25 | 35.0% | 1.6% | ||
| Q2 25 | 36.7% | 1.8% | ||
| Q1 25 | 24.5% | 2.5% | ||
| Q4 24 | 40.0% | 1.6% | ||
| Q3 24 | 35.0% | 3.9% | ||
| Q2 24 | 42.3% | 1.5% | ||
| Q1 24 | 34.5% | 0.7% |
现金转化率ESPRIM
| Q4 25 | 2.16× | 2.76× | ||
| Q3 25 | 2.98× | 1.93× | ||
| Q2 25 | 2.98× | 0.93× | ||
| Q1 25 | 1.88× | 1.50× | ||
| Q4 24 | 8.63× | 5.53× | ||
| Q3 24 | — | 3.81× | ||
| Q2 24 | 1.99× | 0.32× | ||
| Q1 24 | 0.56× | -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
ES
| Residential | $1.2B | 35% |
| Commercial | $789.0M | 23% |
| Eversource Electric Transmission | $573.8M | 17% |
| Wholesale Transmission Revenue | $570.0M | 17% |
| Industrial | $102.6M | 3% |
| Water Distribution Segment | $58.4M | 2% |
| Eversource Water | $56.3M | 2% |
| Other Revenue Adjustmentsfrom Contractswith Customers | $25.9M | 1% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
