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福陆（FLR）与Southland Holdings, Inc.（SLND）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Southland Holdings, Inc.的40.2倍（$4.2B vs $104.0M）。福陆净利率更高（-37.7% vs -208.2%，领先170.5%）。福陆同比增速更快（-2.0% vs -61.1%）。Southland Holdings, Inc.自由现金流更多（$9.3M vs $-378.0M）。过去两年福陆的营收复合增速更高（5.7% vs -39.9%）
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。
Southland Holdings, Inc.是北美知名基础设施建设企业，主营公路、桥梁、机场等交通工程、水处理系统搭建及商业场地开发业务，服务公共部门及私营领域客户，业务覆盖北美核心市场。
FLR vs SLND — 直观对比
营收规模更大
FLR
是对方的40.2倍
$104.0M
营收增速更快
FLR
高出59.1%
-61.1%
净利率更高
FLR
高出170.5%
-208.2%
自由现金流更多
SLND
多$387.3M
$-378.0M
两年增速更快
FLR
近两年复合增速
-39.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $104.0M |
| 净利润 | $-1.6B | $-216.4M |
| 毛利率 | 3.2% | -186.0% |
| 营业利润率 | 1.3% | -202.4% |
| 净利率 | -37.7% | -208.2% |
| 营收同比 | -2.0% | -61.1% |
| 净利润同比 | -184.4% | -5108.5% |
| 每股收益（稀释后） | $-9.40 | $-4.01 |
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FLRSLND
| Q4 25 | $4.2B | $104.0M | ||
| Q3 25 | $3.4B | $213.3M | ||
| Q2 25 | $4.0B | $215.4M | ||
| Q1 25 | $4.0B | $239.5M | ||
| Q4 24 | $4.3B | $267.3M | ||
| Q3 24 | $4.1B | $173.3M | ||
| Q2 24 | $4.2B | $251.5M | ||
| Q1 24 | $3.7B | $288.1M |
净利润FLRSLND
| Q4 25 | $-1.6B | $-216.4M | ||
| Q3 25 | $-697.0M | $-75.3M | ||
| Q2 25 | $2.5B | $-10.3M | ||
| Q1 25 | $-241.0M | $-4.6M | ||
| Q4 24 | $1.9B | $-4.2M | ||
| Q3 24 | $54.0M | $-54.7M | ||
| Q2 24 | $169.0M | $-46.1M | ||
| Q1 24 | $59.0M | $-406.0K |
毛利率FLRSLND
| Q4 25 | 3.2% | -186.0% | ||
| Q3 25 | -13.3% | 1.5% | ||
| Q2 25 | 1.4% | 6.2% | ||
| Q1 25 | 3.5% | 9.0% | ||
| Q4 24 | 4.9% | 2.9% | ||
| Q3 24 | 2.1% | -29.5% | ||
| Q2 24 | 4.2% | -15.9% | ||
| Q1 24 | 2.7% | 7.1% |
营业利润率FLRSLND
| Q4 25 | 1.3% | -202.4% | ||
| Q3 25 | -14.7% | -5.3% | ||
| Q2 25 | -0.7% | -0.1% | ||
| Q1 25 | 2.3% | 2.1% | ||
| Q4 24 | 4.4% | -3.0% | ||
| Q3 24 | 1.2% | -39.6% | ||
| Q2 24 | 4.2% | -22.1% | ||
| Q1 24 | 1.4% | 2.1% |
净利率FLRSLND
| Q4 25 | -37.7% | -208.2% | ||
| Q3 25 | -20.7% | -35.3% | ||
| Q2 25 | 61.8% | -4.8% | ||
| Q1 25 | -6.1% | -1.9% | ||
| Q4 24 | 43.7% | -1.6% | ||
| Q3 24 | 1.3% | -31.6% | ||
| Q2 24 | 4.0% | -18.3% | ||
| Q1 24 | 1.6% | -0.1% |
每股收益（稀释后）FLRSLND
| Q4 25 | $-9.40 | $-4.01 | ||
| Q3 25 | $-4.30 | $-1.39 | ||
| Q2 25 | $14.81 | $-0.19 | ||
| Q1 25 | $-1.42 | $-0.08 | ||
| Q4 24 | $10.68 | $-0.08 | ||
| Q3 24 | $0.31 | $-1.14 | ||
| Q2 24 | $0.97 | $-0.96 | ||
| Q1 24 | $0.34 | $-0.01 |
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 | $52.7M |
| 总债务越低越好 | — | $257.7M |
| 股东权益账面价值 | $3.2B | $-140.9M |
| 总资产 | $8.2B | $989.3M |
| 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FLRSLND
| Q4 25 | $2.2B | $52.7M | ||
| Q3 25 | $2.8B | $40.5M | ||
| Q2 25 | $2.3B | $46.5M | ||
| Q1 25 | $2.5B | $65.1M | ||
| Q4 24 | $3.0B | $72.2M | ||
| Q3 24 | $3.0B | $91.4M | ||
| Q2 24 | $2.7B | $52.4M | ||
| Q1 24 | $2.4B | $31.2M |
总债务FLRSLND
| Q4 25 | — | $257.7M | ||
| Q3 25 | — | $267.8M | ||
| Q2 25 | — | $278.6M | ||
| Q1 25 | — | $288.1M | ||
| Q4 24 | — | $300.1M | ||
| Q3 24 | — | $318.3M | ||
| Q2 24 | — | $307.8M | ||
| Q1 24 | — | $302.0M |
股东权益FLRSLND
| Q4 25 | $3.2B | $-140.9M | ||
| Q3 25 | $5.2B | $75.0M | ||
| Q2 25 | $5.9B | $151.1M | ||
| Q1 25 | $3.6B | $159.1M | ||
| Q4 24 | $3.9B | $163.7M | ||
| Q3 24 | $2.3B | $149.1M | ||
| Q2 24 | $2.1B | $203.3M | ||
| Q1 24 | $2.0B | $249.3M |
总资产FLRSLND
| Q4 25 | $8.2B | $989.3M | ||
| Q3 25 | $11.5B | $1.1B | ||
| Q2 25 | $11.8B | $1.2B | ||
| Q1 25 | $8.4B | $1.2B | ||
| Q4 24 | $9.1B | $1.2B | ||
| Q3 24 | $7.1B | $1.2B | ||
| Q2 24 | $6.8B | $1.3B | ||
| Q1 24 | $6.7B | $1.2B |
负债/权益比FLRSLND
| Q4 25 | — | — | ||
| Q3 25 | — | 3.57× | ||
| Q2 25 | — | 1.84× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 1.83× | ||
| Q3 24 | — | 2.14× | ||
| Q2 24 | — | 1.51× | ||
| Q1 24 | — | 1.21× |
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 | $9.7M |
| 自由现金流经营现金流 - 资本支出 | $-378.0M | $9.3M |
| 自由现金流率自由现金流/营收 | -9.1% | 8.9% |
| 资本支出强度资本支出/营收 | 0.3% | 0.4% |
| 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 | $12.7M |
8季度趋势，按日历期对齐
经营现金流FLRSLND
| Q4 25 | $-366.0M | $9.7M | ||
| Q3 25 | $286.0M | $5.9M | ||
| Q2 25 | $-21.0M | $-5.4M | ||
| Q1 25 | $-286.0M | $6.4M | ||
| Q4 24 | $327.0M | $-10.3M | ||
| Q3 24 | $330.0M | $-5.3M | ||
| Q2 24 | $282.0M | $27.4M | ||
| Q1 24 | $-111.0M | $-9.9M |
自由现金流FLRSLND
| Q4 25 | $-378.0M | $9.3M | ||
| Q3 25 | $273.0M | $5.3M | ||
| Q2 25 | $-35.0M | $-6.5M | ||
| Q1 25 | $-297.0M | $4.6M | ||
| Q4 24 | $296.0M | $-11.5M | ||
| Q3 24 | $279.0M | $-7.3M | ||
| Q2 24 | $234.0M | $26.3M | ||
| Q1 24 | $-145.0M | $-13.0M |
自由现金流率FLRSLND
| Q4 25 | -9.1% | 8.9% | ||
| Q3 25 | 8.1% | 2.5% | ||
| Q2 25 | -0.9% | -3.0% | ||
| Q1 25 | -7.5% | 1.9% | ||
| Q4 24 | 6.9% | -4.3% | ||
| Q3 24 | 6.8% | -4.2% | ||
| Q2 24 | 5.5% | 10.5% | ||
| Q1 24 | -3.9% | -4.5% |
资本支出强度FLRSLND
| Q4 25 | 0.3% | 0.4% | ||
| Q3 25 | 0.4% | 0.3% | ||
| Q2 25 | 0.4% | 0.5% | ||
| Q1 25 | 0.3% | 0.7% | ||
| Q4 24 | 0.7% | 0.5% | ||
| Q3 24 | 1.2% | 1.1% | ||
| Q2 24 | 1.1% | 0.4% | ||
| Q1 24 | 0.9% | 1.1% |
现金转化率FLRSLND
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.01× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 6.11× | — | ||
| Q2 24 | 1.67× | — | ||
| Q1 24 | -1.88× | — |
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% |
SLND
| Civil | $58.4M | 56% |
| Transportation | $45.6M | 44% |
