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FIRST HORIZON CORP（FHN）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FIRST HORIZON CORP的1.8倍（$1.6B vs $888.0M），FIRST HORIZON CORP净利率更高（29.4% vs 1.7%，领先27.7%），FIRST HORIZON CORP同比增速更快（21.8% vs 0.8%），过去两年FIRST HORIZON CORP的营收复合增速更高（20.0% vs 19.7%）
第一地平线公司（前身为第一田纳西银行）是一家成立于1864年的金融服务企业，总部位于美国田纳西州孟菲斯市。该公司通过旗下子公司第一地平线银行开展业务，网点覆盖美国东南部12个州，是该区域第四大区域性银行。
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。
FHN vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.8倍
$888.0M
营收增速更快
FHN
高出21.0%
0.8%
净利率更高
FHN
高出27.7%
1.7%
两年增速更快
FHN
近两年复合增速
19.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $888.0M | $1.6B |
| 净利润 | $261.0M | $27.3M |
| 毛利率 | — | 28.6% |
| 营业利润率 | 38.5% | 8.5% |
| 净利率 | 29.4% | 1.7% |
| 营收同比 | 21.8% | 0.8% |
| 净利润同比 | 57.2% | -4.9% |
| 每股收益（稀释后） | $0.51 | $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FHNPRMB
| Q1 26 | — | $1.6B | ||
| Q4 25 | $888.0M | $1.6B | ||
| Q3 25 | $889.0M | $1.8B | ||
| Q2 25 | $830.0M | $1.7B | ||
| Q1 25 | $812.0M | $1.6B | ||
| Q4 24 | $729.0M | — | ||
| Q3 24 | $827.0M | $0 | ||
| Q2 24 | — | $1.3B |
净利润FHNPRMB
| Q1 26 | — | $27.3M | ||
| Q4 25 | $261.0M | $-13.0M | ||
| Q3 25 | $262.0M | $16.8M | ||
| Q2 25 | $241.0M | $27.6M | ||
| Q1 25 | $218.0M | $28.7M | ||
| Q4 24 | $166.0M | — | ||
| Q3 24 | $218.0M | $-2.0K | ||
| Q2 24 | — | $54.5M |
毛利率FHNPRMB
| 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FHNPRMB
| Q1 26 | — | 8.5% | ||
| Q4 25 | 38.5% | 1.2% | ||
| Q3 25 | 38.7% | 8.3% | ||
| Q2 25 | 37.2% | 6.5% | ||
| Q1 25 | 35.1% | 9.5% | ||
| Q4 24 | 28.8% | — | ||
| Q3 24 | 34.0% | — | ||
| Q2 24 | — | 12.1% |
净利率FHNPRMB
| Q1 26 | — | 1.7% | ||
| Q4 25 | 29.4% | -0.8% | ||
| Q3 25 | 29.5% | 1.0% | ||
| Q2 25 | 29.0% | 1.6% | ||
| Q1 25 | 26.8% | 1.8% | ||
| Q4 24 | 22.8% | — | ||
| Q3 24 | 26.4% | — | ||
| Q2 24 | — | 4.1% |
每股收益（稀释后）FHNPRMB
| Q1 26 | — | $0.07 | ||
| Q4 25 | $0.51 | $-0.03 | ||
| Q3 25 | $0.50 | $0.04 | ||
| Q2 25 | $0.45 | $0.07 | ||
| Q1 25 | $0.41 | $0.08 | ||
| Q4 24 | $0.29 | — | ||
| Q3 24 | $0.40 | $-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 | — | — |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $8.8B | $3.0B |
| 总资产 | $83.9B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 1.74× |
8季度趋势，按日历期对齐
现金及短期投资FHNPRMB
| Q1 26 | — | — | ||
| Q4 25 | — | $376.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务FHNPRMB
| Q1 26 | — | $5.2B | ||
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FHNPRMB
| Q1 26 | — | $3.0B | ||
| Q4 25 | $8.8B | $3.0B | ||
| Q3 25 | $8.9B | $3.2B | ||
| Q2 25 | $9.0B | $3.2B | ||
| Q1 25 | $8.7B | $3.3B | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $9.0B | $-2.0K | ||
| Q2 24 | — | $-296.8M |
总资产FHNPRMB
| Q1 26 | — | $10.6B | ||
| Q4 25 | $83.9B | $10.6B | ||
| Q3 25 | $83.2B | $11.0B | ||
| Q2 25 | $82.1B | $11.0B | ||
| Q1 25 | $81.5B | $11.0B | ||
| Q4 24 | $82.2B | — | ||
| Q3 24 | $82.6B | $0 | ||
| Q2 24 | — | — |
负债/权益比FHNPRMB
| Q1 26 | — | 1.74× | ||
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $396.0M | $103.8M |
| 自由现金流经营现金流 - 资本支出 | $389.0M | — |
| 自由现金流率自由现金流/营收 | 43.8% | — |
| 资本支出强度资本支出/营收 | 0.8% | 2.9% |
| 现金转化率经营现金流/净利润 | 1.52× | 3.80× |
| 过去12个月自由现金流最近4个季度 | $595.0M | — |
8季度趋势，按日历期对齐
经营现金流FHNPRMB
| Q1 26 | — | $103.8M | ||
| Q4 25 | $396.0M | $203.1M | ||
| Q3 25 | $-200.0M | $283.4M | ||
| Q2 25 | $83.0M | $155.0M | ||
| Q1 25 | $349.0M | $38.8M | ||
| Q4 24 | $191.0M | — | ||
| Q3 24 | $389.0M | $0 | ||
| Q2 24 | — | $102.5M |
自由现金流FHNPRMB
| Q1 26 | — | — | ||
| Q4 25 | $389.0M | $57.3M | ||
| Q3 25 | $-208.0M | $167.7M | ||
| Q2 25 | $74.0M | $101.1M | ||
| Q1 25 | $340.0M | $-23.2M | ||
| Q4 24 | $174.0M | — | ||
| Q3 24 | $383.0M | — | ||
| Q2 24 | — | $61.4M |
自由现金流率FHNPRMB
| Q1 26 | — | — | ||
| Q4 25 | 43.8% | 3.7% | ||
| Q3 25 | -23.4% | 9.5% | ||
| Q2 25 | 8.9% | 5.8% | ||
| Q1 25 | 41.9% | -1.4% | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 46.3% | — | ||
| Q2 24 | — | 4.7% |
资本支出强度FHNPRMB
| Q1 26 | — | 2.9% | ||
| Q4 25 | 0.8% | 9.4% | ||
| Q3 25 | 0.9% | 6.6% | ||
| Q2 25 | 1.1% | 3.1% | ||
| Q1 25 | 1.1% | 3.8% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | — | 3.1% |
现金转化率FHNPRMB
| Q1 26 | — | 3.80× | ||
| Q4 25 | 1.52× | — | ||
| Q3 25 | -0.76× | 16.87× | ||
| Q2 25 | 0.34× | 5.62× | ||
| Q1 25 | 1.60× | 1.35× | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | — | 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
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
PRMB
| Regional spring water | $801.2M | 49% |
| Purified water | $511.2M | 31% |
| Other | $208.2M | 13% |
| Premium water | $105.5M | 6% |
