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福陆（FLR）与ServiceNow（NOW）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ServiceNow的1.1倍（$4.2B vs $3.8B），ServiceNow净利率更高（12.4% vs -37.7%，领先50.1%），ServiceNow同比增速更快（2.8% vs -2.0%），ServiceNow自由现金流更多（$1.7B vs $-378.0M），过去两年ServiceNow的营收复合增速更高（19.8% 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。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
FLR vs NOW — 直观对比
营收规模更大
FLR
是对方的1.1倍
$3.8B
营收增速更快
NOW
高出4.8%
-2.0%
净利率更高
NOW
高出50.1%
-37.7%
自由现金流更多
NOW
多$2.0B
$-378.0M
两年增速更快
NOW
近两年复合增速
5.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $3.8B |
| 净利润 | $-1.6B | $469.0M |
| 毛利率 | 3.2% | 75.1% |
| 营业利润率 | 1.3% | 13.3% |
| 净利率 | -37.7% | 12.4% |
| 营收同比 | -2.0% | 2.8% |
| 净利润同比 | -184.4% | -53.7% |
| 每股收益（稀释后） | $-9.40 | $1.04 |
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FLRNOW
| Q1 26 | — | $3.8B | ||
| Q4 25 | $4.2B | $3.6B | ||
| Q3 25 | $3.4B | $3.4B | ||
| Q2 25 | $4.0B | $3.2B | ||
| Q1 25 | $4.0B | $3.1B | ||
| Q4 24 | $4.3B | $3.0B | ||
| Q3 24 | $4.1B | $2.8B | ||
| Q2 24 | $4.2B | $2.6B |
净利润FLRNOW
| Q1 26 | — | $469.0M | ||
| Q4 25 | $-1.6B | $401.0M | ||
| Q3 25 | $-697.0M | $502.0M | ||
| Q2 25 | $2.5B | $385.0M | ||
| Q1 25 | $-241.0M | $460.0M | ||
| Q4 24 | $1.9B | $384.0M | ||
| Q3 24 | $54.0M | $432.0M | ||
| Q2 24 | $169.0M | $262.0M |
毛利率FLRNOW
| Q1 26 | — | 75.1% | ||
| Q4 25 | 3.2% | 76.6% | ||
| Q3 25 | -13.3% | 77.3% | ||
| Q2 25 | 1.4% | 77.5% | ||
| Q1 25 | 3.5% | 78.9% | ||
| Q4 24 | 4.9% | 78.7% | ||
| Q3 24 | 2.1% | 79.1% | ||
| Q2 24 | 4.2% | 79.0% |
营业利润率FLRNOW
| Q1 26 | — | 13.3% | ||
| Q4 25 | 1.3% | 12.4% | ||
| Q3 25 | -14.7% | 16.8% | ||
| Q2 25 | -0.7% | 11.1% | ||
| Q1 25 | 2.3% | 14.6% | ||
| Q4 24 | 4.4% | 12.6% | ||
| Q3 24 | 1.2% | 14.9% | ||
| Q2 24 | 4.2% | 9.1% |
净利率FLRNOW
| Q1 26 | — | 12.4% | ||
| Q4 25 | -37.7% | 11.2% | ||
| Q3 25 | -20.7% | 14.7% | ||
| Q2 25 | 61.8% | 12.0% | ||
| Q1 25 | -6.1% | 14.9% | ||
| Q4 24 | 43.7% | 13.0% | ||
| Q3 24 | 1.3% | 15.4% | ||
| Q2 24 | 4.0% | 10.0% |
每股收益（稀释后）FLRNOW
| Q1 26 | — | $1.04 | ||
| Q4 25 | $-9.40 | $-4.77 | ||
| Q3 25 | $-4.30 | $2.40 | ||
| Q2 25 | $14.81 | $1.84 | ||
| Q1 25 | $-1.42 | $2.20 | ||
| Q4 24 | $10.68 | $1.84 | ||
| Q3 24 | $0.31 | $2.07 | ||
| Q2 24 | $0.97 | $1.26 |
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 | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $11.7B |
| 总资产 | $8.2B | $24.4B |
| 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FLRNOW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.2B | $3.7B | ||
| Q3 25 | $2.8B | $2.7B | ||
| Q2 25 | $2.3B | $3.1B | ||
| Q1 25 | $2.5B | $3.4B | ||
| Q4 24 | $3.0B | $2.3B | ||
| Q3 24 | $3.0B | $1.9B | ||
| Q2 24 | $2.7B | $2.2B |
股东权益FLRNOW
| Q1 26 | — | $11.7B | ||
| Q4 25 | $3.2B | $13.0B | ||
| Q3 25 | $5.2B | $11.3B | ||
| Q2 25 | $5.9B | $10.9B | ||
| Q1 25 | $3.6B | $10.1B | ||
| Q4 24 | $3.9B | $9.6B | ||
| Q3 24 | $2.3B | $9.3B | ||
| Q2 24 | $2.1B | $8.7B |
总资产FLRNOW
| Q1 26 | — | $24.4B | ||
| Q4 25 | $8.2B | $26.0B | ||
| Q3 25 | $11.5B | $21.8B | ||
| Q2 25 | $11.8B | $22.1B | ||
| Q1 25 | $8.4B | $21.0B | ||
| Q4 24 | $9.1B | $20.4B | ||
| Q3 24 | $7.1B | $18.4B | ||
| Q2 24 | $6.8B | $18.2B |
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 | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $-378.0M | $1.7B |
| 自由现金流率自由现金流/营收 | -9.1% | 44.2% |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | — | 3.56× |
| 过去12个月自由现金流最近4个季度 | $-437.0M | $4.8B |
8季度趋势，按日历期对齐
经营现金流FLRNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $-366.0M | $2.2B | ||
| Q3 25 | $286.0M | $813.0M | ||
| Q2 25 | $-21.0M | $716.0M | ||
| Q1 25 | $-286.0M | $1.7B | ||
| Q4 24 | $327.0M | $1.6B | ||
| Q3 24 | $330.0M | $671.0M | ||
| Q2 24 | $282.0M | $620.0M |
自由现金流FLRNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $-378.0M | $2.0B | ||
| Q3 25 | $273.0M | $578.0M | ||
| Q2 25 | $-35.0M | $526.0M | ||
| Q1 25 | $-297.0M | $1.5B | ||
| Q4 24 | $296.0M | $1.4B | ||
| Q3 24 | $279.0M | $469.0M | ||
| Q2 24 | $234.0M | $358.0M |
自由现金流率FLRNOW
| Q1 26 | — | 44.2% | ||
| Q4 25 | -9.1% | 56.1% | ||
| Q3 25 | 8.1% | 17.0% | ||
| Q2 25 | -0.9% | 16.4% | ||
| Q1 25 | -7.5% | 47.7% | ||
| Q4 24 | 6.9% | 46.7% | ||
| Q3 24 | 6.8% | 16.8% | ||
| Q2 24 | 5.5% | 13.6% |
资本支出强度FLRNOW
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 6.7% | ||
| Q3 25 | 0.4% | 6.9% | ||
| Q2 25 | 0.4% | 5.9% | ||
| Q1 25 | 0.3% | 6.6% | ||
| Q4 24 | 0.7% | 8.6% | ||
| Q3 24 | 1.2% | 7.2% | ||
| Q2 24 | 1.1% | 10.0% |
现金转化率FLRNOW
| Q1 26 | — | 3.56× | ||
| Q4 25 | — | 5.58× | ||
| Q3 25 | — | 1.62× | ||
| Q2 25 | -0.01× | 1.86× | ||
| Q1 25 | — | 3.65× | ||
| Q4 24 | 0.18× | 4.26× | ||
| Q3 24 | 6.11× | 1.55× | ||
| Q2 24 | 1.67× | 2.37× |
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% |
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
