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COMFORT SYSTEMS USA INC（FIX）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
COMFORT SYSTEMS USA INC的季度营收约是PPL Corporation的1.1倍（$2.6B vs $2.3B），COMFORT SYSTEMS USA INC净利率更高（12.5% vs 11.3%，领先1.2%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs 7.2%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $-614.0M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 1.0%）
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
FIX vs PPL — 直观对比
营收规模更大
FIX
是对方的1.1倍
$2.3B
营收增速更快
FIX
高出34.5%
7.2%
净利率更高
FIX
高出1.2%
11.3%
自由现金流更多
FIX
多$1.0B
$-614.0M
两年增速更快
FIX
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.3B |
| 净利润 | $330.8M | $266.0M |
| 毛利率 | 25.5% | — |
| 营业利润率 | 16.1% | 20.3% |
| 净利率 | 12.5% | 11.3% |
| 营收同比 | 41.7% | 7.2% |
| 净利润同比 | 126.8% | 50.3% |
| 每股收益（稀释后） | $9.35 | $0.35 |
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FIXPPL
| Q4 25 | $2.6B | $2.3B | ||
| Q3 25 | $2.5B | $2.2B | ||
| Q2 25 | $2.2B | $2.0B | ||
| Q1 25 | $1.8B | $2.5B | ||
| Q4 24 | $1.9B | $2.2B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.8B | $1.9B | ||
| Q1 24 | $1.5B | $2.3B |
净利润FIXPPL
| Q4 25 | $330.8M | $266.0M | ||
| Q3 25 | $291.6M | $318.0M | ||
| Q2 25 | $230.8M | $183.0M | ||
| Q1 25 | $169.3M | $414.0M | ||
| Q4 24 | $145.9M | $177.0M | ||
| Q3 24 | $146.2M | $214.0M | ||
| Q2 24 | $134.0M | $190.0M | ||
| Q1 24 | $96.3M | $307.0M |
毛利率FIXPPL
| Q4 25 | 25.5% | — | ||
| Q3 25 | 24.8% | — | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | 22.0% | — | ||
| Q4 24 | 23.2% | — | ||
| Q3 24 | 21.1% | — | ||
| Q2 24 | 20.1% | — | ||
| Q1 24 | 19.3% | — |
营业利润率FIXPPL
| Q4 25 | 16.1% | 20.3% | ||
| Q3 25 | 15.5% | 25.4% | ||
| Q2 25 | 13.8% | 19.9% | ||
| Q1 25 | 11.4% | 26.6% | ||
| Q4 24 | 12.1% | 17.2% | ||
| Q3 24 | 11.2% | 20.6% | ||
| Q2 24 | 10.2% | 20.8% | ||
| Q1 24 | 8.8% | 23.7% |
净利率FIXPPL
| Q4 25 | 12.5% | 11.3% | ||
| Q3 25 | 11.9% | 14.2% | ||
| Q2 25 | 10.6% | 9.0% | ||
| Q1 25 | 9.2% | 16.3% | ||
| Q4 24 | 7.8% | 8.1% | ||
| Q3 24 | 8.1% | 10.3% | ||
| Q2 24 | 7.4% | 10.1% | ||
| Q1 24 | 6.3% | 13.3% |
每股收益（稀释后）FIXPPL
| Q4 25 | $9.35 | $0.35 | ||
| Q3 25 | $8.25 | $0.43 | ||
| Q2 25 | $6.53 | $0.25 | ||
| Q1 25 | $4.75 | $0.56 | ||
| Q4 24 | $4.08 | $0.23 | ||
| Q3 24 | $4.09 | $0.29 | ||
| Q2 24 | $3.74 | $0.26 | ||
| Q1 24 | $2.69 | $0.42 |
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 | $981.9M | $1.1B |
| 总债务越低越好 | $145.2M | $18.9B |
| 股东权益账面价值 | $2.4B | $14.9B |
| 总资产 | $6.4B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.06× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资FIXPPL
| Q4 25 | $981.9M | $1.1B | ||
| Q3 25 | $860.5M | $1.1B | ||
| Q2 25 | $331.7M | $294.0M | ||
| Q1 25 | $204.8M | $312.0M | ||
| Q4 24 | $549.9M | $306.0M | ||
| Q3 24 | $415.6M | $542.0M | ||
| Q2 24 | $199.4M | $282.0M | ||
| Q1 24 | $100.8M | $276.0M |
总债务FIXPPL
| Q4 25 | $145.2M | $18.9B | ||
| Q3 25 | $136.0M | — | ||
| Q2 25 | $73.0M | — | ||
| Q1 25 | $67.8M | — | ||
| Q4 24 | $68.3M | $16.5B | ||
| Q3 24 | $62.3M | — | ||
| Q2 24 | $73.4M | — | ||
| Q1 24 | $77.0M | — |
股东权益FIXPPL
| Q4 25 | $2.4B | $14.9B | ||
| Q3 25 | $2.2B | $14.4B | ||
| Q2 25 | $2.0B | $14.3B | ||
| Q1 25 | $1.8B | $14.3B | ||
| Q4 24 | $1.7B | $14.1B | ||
| Q3 24 | $1.6B | $14.1B | ||
| Q2 24 | $1.5B | $14.1B | ||
| Q1 24 | $1.4B | $14.1B |
总资产FIXPPL
| Q4 25 | $6.4B | $45.2B | ||
| Q3 25 | $5.8B | $43.9B | ||
| Q2 25 | $5.1B | $42.4B | ||
| Q1 25 | $4.6B | $41.8B | ||
| Q4 24 | $4.7B | $41.1B | ||
| Q3 24 | $4.4B | $40.5B | ||
| Q2 24 | $4.2B | $39.8B | ||
| Q1 24 | $3.9B | $39.6B |
负债/权益比FIXPPL
| Q4 25 | 0.06× | 1.27× | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | 1.17× | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.05× | — | ||
| Q1 24 | 0.06× | — |
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 | $468.5M | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $402.4M | $-614.0M |
| 自由现金流率自由现金流/营收 | 15.2% | -26.1% |
| 资本支出强度资本支出/营收 | 2.5% | 49.5% |
| 现金转化率经营现金流/净利润 | 1.42× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $-1.4B |
8季度趋势，按日历期对齐
经营现金流FIXPPL
| Q4 25 | $468.5M | $548.0M | ||
| Q3 25 | $553.3M | $966.0M | ||
| Q2 25 | $252.5M | $602.0M | ||
| Q1 25 | $-88.0M | $513.0M | ||
| Q4 24 | $210.5M | $511.0M | ||
| Q3 24 | $302.2M | $781.0M | ||
| Q2 24 | $189.9M | $766.0M | ||
| Q1 24 | $146.6M | $282.0M |
自由现金流FIXPPL
| Q4 25 | $402.4M | $-614.0M | ||
| Q3 25 | $517.9M | $-179.0M | ||
| Q2 25 | $221.2M | $-328.0M | ||
| Q1 25 | $-110.2M | $-280.0M | ||
| Q4 24 | $169.8M | $-349.0M | ||
| Q3 24 | $280.1M | $102.0M | ||
| Q2 24 | $166.5M | $96.0M | ||
| Q1 24 | $121.6M | $-314.0M |
自由现金流率FIXPPL
| Q4 25 | 15.2% | -26.1% | ||
| Q3 25 | 21.1% | -8.0% | ||
| Q2 25 | 10.2% | -16.1% | ||
| Q1 25 | -6.0% | -11.0% | ||
| Q4 24 | 9.1% | -15.9% | ||
| Q3 24 | 15.5% | 4.9% | ||
| Q2 24 | 9.2% | 5.1% | ||
| Q1 24 | 7.9% | -13.6% |
资本支出强度FIXPPL
| Q4 25 | 2.5% | 49.5% | ||
| Q3 25 | 1.4% | 51.2% | ||
| Q2 25 | 1.4% | 45.6% | ||
| Q1 25 | 1.2% | 31.2% | ||
| Q4 24 | 2.2% | 39.3% | ||
| Q3 24 | 1.2% | 32.7% | ||
| Q2 24 | 1.3% | 35.8% | ||
| Q1 24 | 1.6% | 25.9% |
现金转化率FIXPPL
| Q4 25 | 1.42× | 2.06× | ||
| Q3 25 | 1.90× | 3.04× | ||
| Q2 25 | 1.09× | 3.29× | ||
| Q1 25 | -0.52× | 1.24× | ||
| Q4 24 | 1.44× | 2.89× | ||
| Q3 24 | 2.07× | 3.65× | ||
| Q2 24 | 1.42× | 4.03× | ||
| Q1 24 | 1.52× | 0.92× |
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
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
