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COMFORT SYSTEMS USA INC（FIX）与QVC Group, Inc.（QVCGA）财务数据对比。点击上方公司名可切换其他公司
QVC Group, Inc.的季度营收约是COMFORT SYSTEMS USA INC的1.0倍（$2.7B vs $2.6B），COMFORT SYSTEMS USA INC净利率更高（12.5% vs -1.4%，领先13.9%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs -9.1%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $191.0M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 6.9%）
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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
FIX vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.0倍
$2.6B
营收增速更快
FIX
高出50.8%
-9.1%
净利率更高
FIX
高出13.9%
-1.4%
自由现金流更多
FIX
多$211.4M
$191.0M
两年增速更快
FIX
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.7B |
| 净利润 | $330.8M | $-37.0M |
| 毛利率 | 25.5% | 32.9% |
| 营业利润率 | 16.1% | 3.7% |
| 净利率 | 12.5% | -1.4% |
| 营收同比 | 41.7% | -9.1% |
| 净利润同比 | 126.8% | 97.1% |
| 每股收益（稀释后） | $9.35 | $-17.37 |
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FIXQVCGA
| Q4 25 | $2.6B | $2.7B | ||
| Q3 25 | $2.5B | $2.2B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $1.9B | $2.9B | ||
| Q3 24 | $1.8B | $2.3B | ||
| Q2 24 | $1.8B | $2.4B | ||
| Q1 24 | $1.5B | $2.3B |
净利润FIXQVCGA
| Q4 25 | $330.8M | $-37.0M | ||
| Q3 25 | $291.6M | $-80.0M | ||
| Q2 25 | $230.8M | $-2.2B | ||
| Q1 25 | $169.3M | $-100.0M | ||
| Q4 24 | $145.9M | $-1.3B | ||
| Q3 24 | $146.2M | $-23.0M | ||
| Q2 24 | $134.0M | $20.0M | ||
| Q1 24 | $96.3M | $-1.0M |
毛利率FIXQVCGA
| Q4 25 | 25.5% | 32.9% | ||
| Q3 25 | 24.8% | 34.0% | ||
| Q2 25 | 23.5% | 36.4% | ||
| Q1 25 | 22.0% | 34.2% | ||
| Q4 24 | 23.2% | 33.3% | ||
| Q3 24 | 21.1% | 35.3% | ||
| Q2 24 | 20.1% | 36.4% | ||
| Q1 24 | 19.3% | 35.5% |
营业利润率FIXQVCGA
| Q4 25 | 16.1% | 3.7% | ||
| Q3 25 | 15.5% | 2.7% | ||
| Q2 25 | 13.8% | -101.6% | ||
| Q1 25 | 11.4% | 0.7% | ||
| Q4 24 | 12.1% | -43.2% | ||
| Q3 24 | 11.2% | 6.5% | ||
| Q2 24 | 10.2% | 6.9% | ||
| Q1 24 | 8.8% | 6.2% |
净利率FIXQVCGA
| Q4 25 | 12.5% | -1.4% | ||
| Q3 25 | 11.9% | -3.6% | ||
| Q2 25 | 10.6% | -99.4% | ||
| Q1 25 | 9.2% | -4.8% | ||
| Q4 24 | 7.8% | -43.7% | ||
| Q3 24 | 8.1% | -1.0% | ||
| Q2 24 | 7.4% | 0.8% | ||
| Q1 24 | 6.3% | -0.0% |
每股收益（稀释后）FIXQVCGA
| Q4 25 | $9.35 | $-17.37 | ||
| Q3 25 | $8.25 | $-9.89 | ||
| Q2 25 | $6.53 | $-275.46 | ||
| Q1 25 | $4.75 | $-0.25 | ||
| Q4 24 | $4.08 | — | ||
| Q3 24 | $4.09 | $-0.06 | ||
| Q2 24 | $3.74 | $2.57 | ||
| Q1 24 | $2.69 | — |
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 | $2.0B |
| 总债务越低越好 | $145.2M | $790.0M |
| 股东权益账面价值 | $2.4B | $-3.1B |
| 总资产 | $6.4B | $7.6B |
| 负债/权益比越低杠杆越低 | 0.06× | — |
8季度趋势，按日历期对齐
现金及短期投资FIXQVCGA
| Q4 25 | $981.9M | $2.0B | ||
| Q3 25 | $860.5M | $1.8B | ||
| Q2 25 | $331.7M | $897.0M | ||
| Q1 25 | $204.8M | $833.0M | ||
| Q4 24 | $549.9M | $905.0M | ||
| Q3 24 | $415.6M | $873.0M | ||
| Q2 24 | $199.4M | $1.2B | ||
| Q1 24 | $100.8M | $1.1B |
总债务FIXQVCGA
| Q4 25 | $145.2M | $790.0M | ||
| Q3 25 | $136.0M | $5.9B | ||
| Q2 25 | $73.0M | $4.9B | ||
| Q1 25 | $67.8M | $5.0B | ||
| Q4 24 | $68.3M | $4.1B | ||
| Q3 24 | $62.3M | $5.1B | ||
| Q2 24 | $73.4M | $5.3B | ||
| Q1 24 | $77.0M | $5.5B |
股东权益FIXQVCGA
| Q4 25 | $2.4B | $-3.1B | ||
| Q3 25 | $2.2B | $-3.1B | ||
| Q2 25 | $2.0B | $-3.0B | ||
| Q1 25 | $1.8B | $-981.0M | ||
| Q4 24 | $1.7B | $-971.0M | ||
| Q3 24 | $1.6B | $397.0M | ||
| Q2 24 | $1.5B | $328.0M | ||
| Q1 24 | $1.4B | $255.0M |
总资产FIXQVCGA
| Q4 25 | $6.4B | $7.6B | ||
| Q3 25 | $5.8B | $7.6B | ||
| Q2 25 | $5.1B | $6.7B | ||
| Q1 25 | $4.6B | $9.0B | ||
| Q4 24 | $4.7B | $9.2B | ||
| Q3 24 | $4.4B | $10.8B | ||
| Q2 24 | $4.2B | $10.9B | ||
| Q1 24 | $3.9B | $11.0B |
负债/权益比FIXQVCGA
| Q4 25 | 0.06× | — | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.04× | 12.74× | ||
| Q2 24 | 0.05× | 16.28× | ||
| Q1 24 | 0.06× | 21.53× |
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 | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $402.4M | $191.0M |
| 自由现金流率自由现金流/营收 | 15.2% | 7.1% |
| 资本支出强度资本支出/营收 | 2.5% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $1.0B | $118.0M |
8季度趋势，按日历期对齐
经营现金流FIXQVCGA
| Q4 25 | $468.5M | $244.0M | ||
| Q3 25 | $553.3M | $4.0M | ||
| Q2 25 | $252.5M | $86.0M | ||
| Q1 25 | $-88.0M | $-60.0M | ||
| Q4 24 | $210.5M | $212.0M | ||
| Q3 24 | $302.2M | $20.0M | ||
| Q2 24 | $189.9M | $267.0M | ||
| Q1 24 | $146.6M | $26.0M |
自由现金流FIXQVCGA
| Q4 25 | $402.4M | $191.0M | ||
| Q3 25 | $517.9M | $-27.0M | ||
| Q2 25 | $221.2M | $48.0M | ||
| Q1 25 | $-110.2M | $-94.0M | ||
| Q4 24 | $169.8M | $150.0M | ||
| Q3 24 | $280.1M | $-23.0M | ||
| Q2 24 | $166.5M | $213.0M | ||
| Q1 24 | $121.6M | $-14.0M |
自由现金流率FIXQVCGA
| Q4 25 | 15.2% | 7.1% | ||
| Q3 25 | 21.1% | -1.2% | ||
| Q2 25 | 10.2% | 2.1% | ||
| Q1 25 | -6.0% | -4.5% | ||
| Q4 24 | 9.1% | 5.1% | ||
| Q3 24 | 15.5% | -1.0% | ||
| Q2 24 | 9.2% | 8.8% | ||
| Q1 24 | 7.9% | -0.6% |
资本支出强度FIXQVCGA
| Q4 25 | 2.5% | 2.0% | ||
| Q3 25 | 1.4% | 1.4% | ||
| Q2 25 | 1.4% | 1.7% | ||
| Q1 25 | 1.2% | 1.6% | ||
| Q4 24 | 2.2% | 2.1% | ||
| Q3 24 | 1.2% | 1.8% | ||
| Q2 24 | 1.3% | 2.2% | ||
| Q1 24 | 1.6% | 1.7% |
现金转化率FIXQVCGA
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.90× | — | ||
| Q2 25 | 1.09× | — | ||
| Q1 25 | -0.52× | — | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 1.42× | 13.35× | ||
| Q1 24 | 1.52× | — |
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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
