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福陆（FLR）与洲际交易所（ICE）财务数据对比。点击上方公司名可切换其他公司
福陆的季度营收约是洲际交易所的1.3倍（$4.2B vs $3.1B），洲际交易所净利率更高（27.1% vs -37.7%，领先64.8%），洲际交易所同比增速更快（3.7% vs -2.0%），洲际交易所自由现金流更多（$1.1B vs $-378.0M），过去两年洲际交易所的营收复合增速更高（5.9% vs 5.7%）
福陆是总部位于美国得克萨斯州欧文市的工程建设企业，通过旗下子公司提供油气、工业与基础设施、政府项目及电力三大核心领域的服务，是《财富》世界500强中排名最高的上市工程建设企业，总排名位列第265位。
洲际交易所（ICE）是2000年成立的美国跨国金融服务企业，运营全球金融交易所与清算所，提供抵押技术、数据及上市服务，位列财富500强、标普500及罗素1000指数成分股，旗下拥有金融及大宗商品市场交易所，运营12家受监管的交易场所，业务覆盖美加欧等多地期货市场。
FLR vs ICE — 直观对比
营收规模更大
FLR
是对方的1.3倍
$3.1B
营收增速更快
ICE
高出5.7%
-2.0%
净利率更高
ICE
高出64.8%
-37.7%
自由现金流更多
ICE
多$1.5B
$-378.0M
两年增速更快
ICE
近两年复合增速
5.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $3.1B |
| 净利润 | $-1.6B | $851.0M |
| 毛利率 | 3.2% | — |
| 营业利润率 | 1.3% | 39.4% |
| 净利率 | -37.7% | 27.1% |
| 营收同比 | -2.0% | 3.7% |
| 净利润同比 | -184.4% | 21.9% |
| 每股收益（稀释后） | $-9.40 | $1.49 |
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FLRICE
| Q4 25 | $4.2B | $3.1B | ||
| Q3 25 | $3.4B | $3.0B | ||
| Q2 25 | $4.0B | $3.3B | ||
| Q1 25 | $4.0B | $3.2B | ||
| Q4 24 | $4.3B | $3.0B | ||
| Q3 24 | $4.1B | $3.0B | ||
| Q2 24 | $4.2B | $2.9B | ||
| Q1 24 | $3.7B | $2.8B |
净利润FLRICE
| Q4 25 | $-1.6B | $851.0M | ||
| Q3 25 | $-697.0M | $816.0M | ||
| Q2 25 | $2.5B | $851.0M | ||
| Q1 25 | $-241.0M | $797.0M | ||
| Q4 24 | $1.9B | $698.0M | ||
| Q3 24 | $54.0M | $657.0M | ||
| Q2 24 | $169.0M | $632.0M | ||
| Q1 24 | $59.0M | $767.0M |
毛利率FLRICE
| Q4 25 | 3.2% | — | ||
| Q3 25 | -13.3% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | 2.7% | — |
营业利润率FLRICE
| Q4 25 | 1.3% | 39.4% | ||
| Q3 25 | -14.7% | 39.0% | ||
| Q2 25 | -0.7% | 39.8% | ||
| Q1 25 | 2.3% | 37.8% | ||
| Q4 24 | 4.4% | 35.5% | ||
| Q3 24 | 1.2% | 36.4% | ||
| Q2 24 | 4.2% | 36.8% | ||
| Q1 24 | 1.4% | 38.0% |
净利率FLRICE
| Q4 25 | -37.7% | 27.1% | ||
| Q3 25 | -20.7% | 27.1% | ||
| Q2 25 | 61.8% | 26.1% | ||
| Q1 25 | -6.1% | 24.7% | ||
| Q4 24 | 43.7% | 23.0% | ||
| Q3 24 | 1.3% | 21.7% | ||
| Q2 24 | 4.0% | 21.8% | ||
| Q1 24 | 1.6% | 27.4% |
每股收益（稀释后）FLRICE
| Q4 25 | $-9.40 | $1.49 | ||
| Q3 25 | $-4.30 | $1.42 | ||
| Q2 25 | $14.81 | $1.48 | ||
| Q1 25 | $-1.42 | $1.38 | ||
| Q4 24 | $10.68 | $1.21 | ||
| Q3 24 | $0.31 | $1.14 | ||
| Q2 24 | $0.97 | $1.10 | ||
| Q1 24 | $0.34 | $1.33 |
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 | $2.2B | $837.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $28.9B |
| 总资产 | $8.2B | $136.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FLRICE
| Q4 25 | $2.2B | $837.0M | ||
| Q3 25 | $2.8B | $850.0M | ||
| Q2 25 | $2.3B | $1.0B | ||
| Q1 25 | $2.5B | $783.0M | ||
| Q4 24 | $3.0B | $844.0M | ||
| Q3 24 | $3.0B | $755.0M | ||
| Q2 24 | $2.7B | $885.0M | ||
| Q1 24 | $2.4B | $863.0M |
股东权益FLRICE
| Q4 25 | $3.2B | $28.9B | ||
| Q3 25 | $5.2B | $28.6B | ||
| Q2 25 | $5.9B | $28.4B | ||
| Q1 25 | $3.6B | $28.0B | ||
| Q4 24 | $3.9B | $27.6B | ||
| Q3 24 | $2.3B | $27.2B | ||
| Q2 24 | $2.1B | $26.7B | ||
| Q1 24 | $2.0B | $26.2B |
总资产FLRICE
| Q4 25 | $8.2B | $136.9B | ||
| Q3 25 | $11.5B | $140.9B | ||
| Q2 25 | $11.8B | $144.2B | ||
| Q1 25 | $8.4B | $142.9B | ||
| Q4 24 | $9.1B | $139.4B | ||
| Q3 24 | $7.1B | $135.2B | ||
| Q2 24 | $6.8B | $137.7B | ||
| Q1 24 | $6.7B | $131.4B |
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 | $-366.0M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $-378.0M | $1.1B |
| 自由现金流率自由现金流/营收 | -9.1% | 35.3% |
| 资本支出强度资本支出/营收 | 0.3% | 5.3% |
| 现金转化率经营现金流/净利润 | — | 1.50× |
| 过去12个月自由现金流最近4个季度 | $-437.0M | $4.3B |
8季度趋势，按日历期对齐
经营现金流FLRICE
| Q4 25 | $-366.0M | $1.3B | ||
| Q3 25 | $286.0M | $915.0M | ||
| Q2 25 | $-21.0M | $1.5B | ||
| Q1 25 | $-286.0M | $966.0M | ||
| Q4 24 | $327.0M | $1.5B | ||
| Q3 24 | $330.0M | $898.0M | ||
| Q2 24 | $282.0M | $1.2B | ||
| Q1 24 | $-111.0M | $1.0B |
自由现金流FLRICE
| Q4 25 | $-378.0M | $1.1B | ||
| Q3 25 | $273.0M | $853.0M | ||
| Q2 25 | $-35.0M | $1.4B | ||
| Q1 25 | $-297.0M | $881.0M | ||
| Q4 24 | $296.0M | $1.3B | ||
| Q3 24 | $279.0M | $819.0M | ||
| Q2 24 | $234.0M | $1.1B | ||
| Q1 24 | $-145.0M | $951.0M |
自由现金流率FLRICE
| Q4 25 | -9.1% | 35.3% | ||
| Q3 25 | 8.1% | 28.4% | ||
| Q2 25 | -0.9% | 44.3% | ||
| Q1 25 | -7.5% | 27.3% | ||
| Q4 24 | 6.9% | 43.3% | ||
| Q3 24 | 6.8% | 27.0% | ||
| Q2 24 | 5.5% | 38.7% | ||
| Q1 24 | -3.9% | 34.0% |
资本支出强度FLRICE
| Q4 25 | 0.3% | 5.3% | ||
| Q3 25 | 0.4% | 2.1% | ||
| Q2 25 | 0.4% | 1.8% | ||
| Q1 25 | 0.3% | 2.6% | ||
| Q4 24 | 0.7% | 6.4% | ||
| Q3 24 | 1.2% | 2.6% | ||
| Q2 24 | 1.1% | 2.6% | ||
| Q1 24 | 0.9% | 2.1% |
现金转化率FLRICE
| Q4 25 | — | 1.50× | ||
| Q3 25 | — | 1.12× | ||
| Q2 25 | -0.01× | 1.77× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | 0.18× | 2.16× | ||
| Q3 24 | 6.11× | 1.37× | ||
| Q2 24 | 1.67× | 1.89× | ||
| Q1 24 | -1.88× | 1.32× |
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
FLR
| Urban Solutions Segment | $2.6B | 63% |
| Energy Solutions Segment | $943.0M | 23% |
| Mission Solutions Segment | $600.0M | 14% |
ICE
| Other | $1.9B | 60% |
| Fixed Income Data And Analytics | $318.0M | 10% |
| Exchange Data | $266.0M | 8% |
| Origination Technology | $188.0M | 6% |
| Financial Futures And Options | $155.0M | 5% |
| Listings | $125.0M | 4% |
| OT Cand Other Transactions | $97.0M | 3% |
| Closing Solutions | $60.0M | 2% |
| Fixed Income Execution | $29.0M | 1% |
| Product And Service Net Interest Income | $26.0M | 1% |
