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COMFORT SYSTEMS USA INC（FIX）与标普全球（VG）财务数据对比。点击上方公司名可切换其他公司
标普全球的季度营收约是COMFORT SYSTEMS USA INC的1.7倍（$4.4B vs $2.6B），标普全球净利率更高（26.8% vs 12.5%，领先14.3%），标普全球同比增速更快（191.7% vs 41.7%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $-1.5B），过去两年标普全球的营收复合增速更高（77.3% vs 31.2%）
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。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
FIX vs VG — 直观对比
营收规模更大
VG
是对方的1.7倍
$2.6B
营收增速更快
VG
高出150.0%
41.7%
净利率更高
VG
高出14.3%
12.5%
自由现金流更多
FIX
多$1.9B
$-1.5B
两年增速更快
VG
近两年复合增速
31.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $4.4B |
| 净利润 | $330.8M | $1.2B |
| 毛利率 | 25.5% | — |
| 营业利润率 | 16.1% | 38.7% |
| 净利率 | 12.5% | 26.8% |
| 营收同比 | 41.7% | 191.7% |
| 净利润同比 | 126.8% | 20.3% |
| 每股收益（稀释后） | $9.35 | $0.41 |
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FIXVG
| Q4 25 | $2.6B | $4.4B | ||
| Q3 25 | $2.5B | $3.3B | ||
| Q2 25 | $2.2B | $3.1B | ||
| Q1 25 | $1.8B | $2.9B | ||
| Q4 24 | $1.9B | $1.5B | ||
| Q3 24 | $1.8B | $926.0M | ||
| Q2 24 | $1.8B | $1.1B | ||
| Q1 24 | $1.5B | $1.4B |
净利润FIXVG
| Q4 25 | $330.8M | $1.2B | ||
| Q3 25 | $291.6M | $550.0M | ||
| Q2 25 | $230.8M | $475.0M | ||
| Q1 25 | $169.3M | $517.0M | ||
| Q4 24 | $145.9M | $990.0M | ||
| Q3 24 | $146.2M | $-294.0M | ||
| Q2 24 | $134.0M | $352.0M | ||
| Q1 24 | $96.3M | $698.0M |
毛利率FIXVG
| 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FIXVG
| Q4 25 | 16.1% | 38.7% | ||
| Q3 25 | 15.5% | 39.7% | ||
| Q2 25 | 13.8% | 33.5% | ||
| Q1 25 | 11.4% | 37.3% | ||
| Q4 24 | 12.1% | 39.0% | ||
| Q3 24 | 11.2% | 20.4% | ||
| Q2 24 | 10.2% | 32.8% | ||
| Q1 24 | 8.8% | 43.6% |
净利率FIXVG
| Q4 25 | 12.5% | 26.8% | ||
| Q3 25 | 11.9% | 16.5% | ||
| Q2 25 | 10.6% | 15.3% | ||
| Q1 25 | 9.2% | 17.9% | ||
| Q4 24 | 7.8% | 65.0% | ||
| Q3 24 | 8.1% | -31.7% | ||
| Q2 24 | 7.4% | 31.8% | ||
| Q1 24 | 6.3% | 49.4% |
每股收益（稀释后）FIXVG
| Q4 25 | $9.35 | $0.41 | ||
| Q3 25 | $8.25 | $0.16 | ||
| Q2 25 | $6.53 | $0.14 | ||
| Q1 25 | $4.75 | $0.15 | ||
| Q4 24 | $4.08 | $0.35 | ||
| Q3 24 | $4.09 | $-0.15 | ||
| Q2 24 | $3.74 | $0.12 | ||
| Q1 24 | $2.69 | $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 | $981.9M | $2.4B |
| 总债务越低越好 | $145.2M | $34.2B |
| 股东权益账面价值 | $2.4B | $6.7B |
| 总资产 | $6.4B | $53.4B |
| 负债/权益比越低杠杆越低 | 0.06× | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资FIXVG
| Q4 25 | $981.9M | $2.4B | ||
| Q3 25 | $860.5M | $1.9B | ||
| Q2 25 | $331.7M | $2.2B | ||
| Q1 25 | $204.8M | $3.6B | ||
| Q4 24 | $549.9M | $3.6B | ||
| Q3 24 | $415.6M | — | ||
| Q2 24 | $199.4M | — | ||
| Q1 24 | $100.8M | — |
总债务FIXVG
| Q4 25 | $145.2M | $34.2B | ||
| Q3 25 | $136.0M | $32.6B | ||
| Q2 25 | $73.0M | $30.0B | ||
| Q1 25 | $67.8M | $29.3B | ||
| Q4 24 | $68.3M | $29.3B | ||
| Q3 24 | $62.3M | — | ||
| Q2 24 | $73.4M | — | ||
| Q1 24 | $77.0M | — |
股东权益FIXVG
| Q4 25 | $2.4B | $6.7B | ||
| Q3 25 | $2.2B | $5.7B | ||
| Q2 25 | $2.0B | $5.3B | ||
| Q1 25 | $1.8B | $4.9B | ||
| Q4 24 | $1.7B | $2.9B | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.4B | — |
总资产FIXVG
| Q4 25 | $6.4B | $53.4B | ||
| Q3 25 | $5.8B | $50.1B | ||
| Q2 25 | $5.1B | $46.5B | ||
| Q1 25 | $4.6B | $45.1B | ||
| Q4 24 | $4.7B | $43.5B | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $3.9B | — |
负债/权益比FIXVG
| Q4 25 | 0.06× | 5.07× | ||
| Q3 25 | 0.06× | 5.73× | ||
| Q2 25 | 0.04× | 5.69× | ||
| Q1 25 | 0.04× | 6.01× | ||
| Q4 24 | 0.04× | 10.11× | ||
| 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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $402.4M | $-1.5B |
| 自由现金流率自由现金流/营收 | 15.2% | -34.1% |
| 资本支出强度资本支出/营收 | 2.5% | 81.6% |
| 现金转化率经营现金流/净利润 | 1.42× | 1.77× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $-6.8B |
8季度趋势，按日历期对齐
经营现金流FIXVG
| Q4 25 | $468.5M | $2.1B | ||
| Q3 25 | $553.3M | $1.9B | ||
| Q2 25 | $252.5M | $1.5B | ||
| Q1 25 | $-88.0M | $1.1B | ||
| Q4 24 | $210.5M | — | ||
| Q3 24 | $302.2M | — | ||
| Q2 24 | $189.9M | — | ||
| Q1 24 | $146.6M | $638.0M |
自由现金流FIXVG
| Q4 25 | $402.4M | $-1.5B | ||
| Q3 25 | $517.9M | $-1.4B | ||
| Q2 25 | $221.2M | $-1.5B | ||
| Q1 25 | $-110.2M | $-2.4B | ||
| Q4 24 | $169.8M | — | ||
| Q3 24 | $280.1M | — | ||
| Q2 24 | $166.5M | — | ||
| Q1 24 | $121.6M | $-2.4B |
自由现金流率FIXVG
| Q4 25 | 15.2% | -34.1% | ||
| Q3 25 | 21.1% | -42.4% | ||
| Q2 25 | 10.2% | -49.1% | ||
| Q1 25 | -6.0% | -81.3% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 15.5% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | 7.9% | -167.3% |
资本支出强度FIXVG
| Q4 25 | 2.5% | 81.6% | ||
| Q3 25 | 1.4% | 98.9% | ||
| Q2 25 | 1.4% | 96.1% | ||
| Q1 25 | 1.2% | 119.8% | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.6% | 212.4% |
现金转化率FIXVG
| Q4 25 | 1.42× | 1.77× | ||
| Q3 25 | 1.90× | 3.42× | ||
| Q2 25 | 1.09× | 3.07× | ||
| Q1 25 | -0.52× | 2.15× | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 1.42× | — | ||
| Q1 24 | 1.52× | 0.91× |
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% |
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
