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福陆（FLR）与纽蒙特（NEM）财务数据对比。点击上方公司名可切换其他公司
纽蒙特的季度营收约是福陆的1.8倍（$7.3B vs $4.2B），纽蒙特净利率更高（26.0% vs -37.7%，领先63.7%），福陆同比增速更快（-2.0% vs -31.4%），纽蒙特自由现金流更多（$1.2B vs $-378.0M），过去两年纽蒙特的营收复合增速更高（28.8% 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。
纽蒙特公司是总部位于美国科罗拉多州丹佛市的金矿企业，为全球规模最大的金矿开采集团。公司成立于1921年，在全球十余个国家持有金矿资产，还与巴里克矿业共同持有内华达金矿的部分股权，除黄金外也开采铜、银、锌、铅等多种金属。
FLR vs NEM — 直观对比
营收规模更大
NEM
是对方的1.8倍
$4.2B
营收增速更快
FLR
高出29.4%
-31.4%
净利率更高
NEM
高出63.7%
-37.7%
自由现金流更多
NEM
多$1.6B
$-378.0M
两年增速更快
NEM
近两年复合增速
5.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $7.3B |
| 净利润 | $-1.6B | $1.9B |
| 毛利率 | 3.2% | — |
| 营业利润率 | 1.3% | — |
| 净利率 | -37.7% | 26.0% |
| 营收同比 | -2.0% | -31.4% |
| 净利润同比 | -184.4% | -8.3% |
| 每股收益（稀释后） | $-9.40 | $1.68 |
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FLRNEM
| Q1 26 | — | $7.3B | ||
| Q4 25 | $4.2B | $6.8B | ||
| Q3 25 | $3.4B | $5.5B | ||
| Q2 25 | $4.0B | $5.3B | ||
| Q1 25 | $4.0B | $5.0B | ||
| Q4 24 | $4.3B | $5.7B | ||
| Q3 24 | $4.1B | $4.6B | ||
| Q2 24 | $4.2B | $4.4B |
净利润FLRNEM
| Q1 26 | — | $1.9B | ||
| Q4 25 | $-1.6B | $1.3B | ||
| Q3 25 | $-697.0M | $1.8B | ||
| Q2 25 | $2.5B | $2.1B | ||
| Q1 25 | $-241.0M | $1.9B | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $54.0M | $922.0M | ||
| Q2 24 | $169.0M | $853.0M |
毛利率FLRNEM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率FLRNEM
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 47.6% | ||
| Q3 25 | -14.7% | 45.4% | ||
| Q2 25 | -0.7% | 58.6% | ||
| Q1 25 | 2.3% | 49.3% | ||
| Q4 24 | 4.4% | 36.3% | ||
| Q3 24 | 1.2% | 23.0% | ||
| Q2 24 | 4.2% | 23.5% |
净利率FLRNEM
| Q1 26 | — | 26.0% | ||
| Q4 25 | -37.7% | 19.1% | ||
| Q3 25 | -20.7% | 33.2% | ||
| Q2 25 | 61.8% | 38.8% | ||
| Q1 25 | -6.1% | 37.7% | ||
| Q4 24 | 43.7% | 24.8% | ||
| Q3 24 | 1.3% | 20.0% | ||
| Q2 24 | 4.0% | 19.4% |
每股收益（稀释后）FLRNEM
| Q1 26 | — | $1.68 | ||
| Q4 25 | $-9.40 | $1.19 | ||
| Q3 25 | $-4.30 | $1.67 | ||
| Q2 25 | $14.81 | $1.85 | ||
| Q1 25 | $-1.42 | $1.68 | ||
| Q4 24 | $10.68 | $1.23 | ||
| Q3 24 | $0.31 | $0.80 | ||
| Q2 24 | $0.97 | $0.74 |
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 | $4.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $31.4B |
| 总资产 | $8.2B | $55.5B |
| 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FLRNEM
| Q1 26 | — | $4.7B | ||
| Q4 25 | $2.2B | $8.2B | ||
| Q3 25 | $2.8B | $6.0B | ||
| Q2 25 | $2.3B | $6.7B | ||
| Q1 25 | $2.5B | $4.7B | ||
| Q4 24 | $3.0B | $3.6B | ||
| Q3 24 | $3.0B | $3.1B | ||
| Q2 24 | $2.7B | $2.7B |
总债务FLRNEM
| Q1 26 | — | — | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $5.2B | ||
| Q2 25 | — | $7.1B | ||
| Q1 25 | — | $7.5B | ||
| Q4 24 | — | $8.5B | ||
| Q3 24 | — | $8.6B | ||
| Q2 24 | — | $8.7B |
股东权益FLRNEM
| Q1 26 | — | $31.4B | ||
| Q4 25 | $3.2B | $33.9B | ||
| Q3 25 | $5.2B | $33.2B | ||
| Q2 25 | $5.9B | $32.1B | ||
| Q1 25 | $3.6B | $31.2B | ||
| Q4 24 | $3.9B | $29.9B | ||
| Q3 24 | $2.3B | $29.7B | ||
| Q2 24 | $2.1B | $29.4B |
总资产FLRNEM
| Q1 26 | — | $55.5B | ||
| Q4 25 | $8.2B | $57.1B | ||
| Q3 25 | $11.5B | $54.7B | ||
| Q2 25 | $11.8B | $55.2B | ||
| Q1 25 | $8.4B | $55.5B | ||
| Q4 24 | $9.1B | $56.3B | ||
| Q3 24 | $7.1B | $56.2B | ||
| Q2 24 | $6.8B | $55.7B |
负债/权益比FLRNEM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.30× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-378.0M | $1.2B |
| 自由现金流率自由现金流/营收 | -9.1% | 16.5% |
| 资本支出强度资本支出/营收 | 0.3% | 11.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-437.0M | $7.3B |
8季度趋势，按日历期对齐
经营现金流FLRNEM
| Q1 26 | — | — | ||
| Q4 25 | $-366.0M | $3.6B | ||
| Q3 25 | $286.0M | $2.3B | ||
| Q2 25 | $-21.0M | $2.4B | ||
| Q1 25 | $-286.0M | $2.0B | ||
| Q4 24 | $327.0M | $2.5B | ||
| Q3 24 | $330.0M | $1.6B | ||
| Q2 24 | $282.0M | $1.4B |
自由现金流FLRNEM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $-378.0M | $2.8B | ||
| Q3 25 | $273.0M | $1.6B | ||
| Q2 25 | $-35.0M | $1.7B | ||
| Q1 25 | $-297.0M | $1.2B | ||
| Q4 24 | $296.0M | $1.6B | ||
| Q3 24 | $279.0M | $771.0M | ||
| Q2 24 | $234.0M | $628.0M |
自由现金流率FLRNEM
| Q1 26 | — | 16.5% | ||
| Q4 25 | -9.1% | 41.3% | ||
| Q3 25 | 8.1% | 28.4% | ||
| Q2 25 | -0.9% | 32.2% | ||
| Q1 25 | -7.5% | 24.1% | ||
| Q4 24 | 6.9% | 28.9% | ||
| Q3 24 | 6.8% | 16.7% | ||
| Q2 24 | 5.5% | 14.3% |
资本支出强度FLRNEM
| Q1 26 | — | 11.3% | ||
| Q4 25 | 0.3% | 11.9% | ||
| Q3 25 | 0.4% | 13.2% | ||
| Q2 25 | 0.4% | 12.7% | ||
| Q1 25 | 0.3% | 16.5% | ||
| Q4 24 | 0.7% | 15.5% | ||
| Q3 24 | 1.2% | 19.0% | ||
| Q2 24 | 1.1% | 18.2% |
现金转化率FLRNEM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.78× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | -0.01× | 1.16× | ||
| Q1 25 | — | 1.07× | ||
| Q4 24 | 0.18× | 1.79× | ||
| Q3 24 | 6.11× | 1.79× | ||
| Q2 24 | 1.67× | 1.67× |
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% |
NEM
| Consolidated gold sales, net | $6.0B | 83% |
| Other | $506.0M | 7% |
| Consolidated copper sales, net | $354.0M | 5% |
| Consolidated silver sales, net | $188.0M | 3% |
| Consolidated zinc sales, net | $181.0M | 2% |
| Consolidated lead sales, net | $42.0M | 1% |
