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福陆（FLR）与STERLING INFRASTRUCTURE, INC.（STRL）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STERLING INFRASTRUCTURE, INC.的5.5倍（$4.2B vs $755.6M）。STERLING INFRASTRUCTURE, INC.净利率更高（11.6% vs -37.7%，领先49.3%）。STERLING INFRASTRUCTURE, INC.同比增速更快（51.5% vs -2.0%）。STERLING INFRASTRUCTURE, INC.自由现金流更多（$159.7M vs $-378.0M）。过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（31.0% 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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
FLR vs STRL — 直观对比
营收规模更大
FLR
是对方的5.5倍
$755.6M
营收增速更快
STRL
高出53.5%
-2.0%
净利率更高
STRL
高出49.3%
-37.7%
自由现金流更多
STRL
多$537.7M
$-378.0M
两年增速更快
STRL
近两年复合增速
5.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $755.6M |
| 净利润 | $-1.6B | $87.6M |
| 毛利率 | 3.2% | 21.7% |
| 营业利润率 | 1.3% | 15.9% |
| 净利率 | -37.7% | 11.6% |
| 营收同比 | -2.0% | 51.5% |
| 净利润同比 | -184.4% | -22.6% |
| 每股收益（稀释后） | $-9.40 | $2.82 |
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FLRSTRL
| Q4 25 | $4.2B | $755.6M | ||
| Q3 25 | $3.4B | $689.0M | ||
| Q2 25 | $4.0B | $614.5M | ||
| Q1 25 | $4.0B | $430.9M | ||
| Q4 24 | $4.3B | $498.8M | ||
| Q3 24 | $4.1B | $593.7M | ||
| Q2 24 | $4.2B | $582.8M | ||
| Q1 24 | $3.7B | $440.4M |
净利润FLRSTRL
| Q4 25 | $-1.6B | $87.6M | ||
| Q3 25 | $-697.0M | $92.1M | ||
| Q2 25 | $2.5B | $71.0M | ||
| Q1 25 | $-241.0M | $39.5M | ||
| Q4 24 | $1.9B | $113.2M | ||
| Q3 24 | $54.0M | $61.3M | ||
| Q2 24 | $169.0M | $51.9M | ||
| Q1 24 | $59.0M | $31.0M |
毛利率FLRSTRL
| Q4 25 | 3.2% | 21.7% | ||
| Q3 25 | -13.3% | 24.7% | ||
| Q2 25 | 1.4% | 23.3% | ||
| Q1 25 | 3.5% | 22.0% | ||
| Q4 24 | 4.9% | 21.4% | ||
| Q3 24 | 2.1% | 21.9% | ||
| Q2 24 | 4.2% | 19.3% | ||
| Q1 24 | 2.7% | 17.5% |
营业利润率FLRSTRL
| Q4 25 | 1.3% | 15.9% | ||
| Q3 25 | -14.7% | 18.2% | ||
| Q2 25 | -0.7% | 17.0% | ||
| Q1 25 | 2.3% | 13.0% | ||
| Q4 24 | 4.4% | 12.5% | ||
| Q3 24 | 1.2% | 14.7% | ||
| Q2 24 | 4.2% | 12.5% | ||
| Q1 24 | 1.4% | 9.6% |
净利率FLRSTRL
| Q4 25 | -37.7% | 11.6% | ||
| Q3 25 | -20.7% | 13.4% | ||
| Q2 25 | 61.8% | 11.6% | ||
| Q1 25 | -6.1% | 9.2% | ||
| Q4 24 | 43.7% | 22.7% | ||
| Q3 24 | 1.3% | 10.3% | ||
| Q2 24 | 4.0% | 8.9% | ||
| Q1 24 | 1.6% | 7.1% |
每股收益（稀释后）FLRSTRL
| Q4 25 | $-9.40 | $2.82 | ||
| Q3 25 | $-4.30 | $2.97 | ||
| Q2 25 | $14.81 | $2.31 | ||
| Q1 25 | $-1.42 | $1.28 | ||
| Q4 24 | $10.68 | $3.63 | ||
| Q3 24 | $0.31 | $1.97 | ||
| Q2 24 | $0.97 | $1.67 | ||
| Q1 24 | $0.34 | $1.00 |
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 | $390.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $1.1B |
| 总资产 | $8.2B | $2.6B |
| 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FLRSTRL
| Q4 25 | $2.2B | $390.7M | ||
| Q3 25 | $2.8B | $306.4M | ||
| Q2 25 | $2.3B | $699.4M | ||
| Q1 25 | $2.5B | $638.6M | ||
| Q4 24 | $3.0B | $664.2M | ||
| Q3 24 | $3.0B | $648.1M | ||
| Q2 24 | $2.7B | $540.0M | ||
| Q1 24 | $2.4B | $480.4M |
股东权益FLRSTRL
| Q4 25 | $3.2B | $1.1B | ||
| Q3 25 | $5.2B | $1.1B | ||
| Q2 25 | $5.9B | $881.7M | ||
| Q1 25 | $3.6B | $805.4M | ||
| Q4 24 | $3.9B | $808.1M | ||
| Q3 24 | $2.3B | $716.5M | ||
| Q2 24 | $2.1B | $670.7M | ||
| Q1 24 | $2.0B | $644.6M |
总资产FLRSTRL
| Q4 25 | $8.2B | $2.6B | ||
| Q3 25 | $11.5B | $2.6B | ||
| Q2 25 | $11.8B | $2.2B | ||
| Q1 25 | $8.4B | $2.0B | ||
| Q4 24 | $9.1B | $2.0B | ||
| Q3 24 | $7.1B | $2.0B | ||
| Q2 24 | $6.8B | $2.0B | ||
| Q1 24 | $6.7B | $1.8B |
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 | $186.1M |
| 自由现金流经营现金流 - 资本支出 | $-378.0M | $159.7M |
| 自由现金流率自由现金流/营收 | -9.1% | 21.1% |
| 资本支出强度资本支出/营收 | 0.3% | 3.5% |
| 现金转化率经营现金流/净利润 | — | 2.12× |
| 过去12个月自由现金流最近4个季度 | $-437.0M | $362.7M |
8季度趋势，按日历期对齐
经营现金流FLRSTRL
| Q4 25 | $-366.0M | $186.1M | ||
| Q3 25 | $286.0M | $83.6M | ||
| Q2 25 | $-21.0M | $85.4M | ||
| Q1 25 | $-286.0M | $84.9M | ||
| Q4 24 | $327.0M | $174.3M | ||
| Q3 24 | $330.0M | $152.3M | ||
| Q2 24 | $282.0M | $121.0M | ||
| Q1 24 | $-111.0M | $49.6M |
自由现金流FLRSTRL
| Q4 25 | $-378.0M | $159.7M | ||
| Q3 25 | $273.0M | $64.0M | ||
| Q2 25 | $-35.0M | $72.1M | ||
| Q1 25 | $-297.0M | $67.0M | ||
| Q4 24 | $296.0M | $158.6M | ||
| Q3 24 | $279.0M | $138.3M | ||
| Q2 24 | $234.0M | $92.1M | ||
| Q1 24 | $-145.0M | $27.2M |
自由现金流率FLRSTRL
| Q4 25 | -9.1% | 21.1% | ||
| Q3 25 | 8.1% | 9.3% | ||
| Q2 25 | -0.9% | 11.7% | ||
| Q1 25 | -7.5% | 15.5% | ||
| Q4 24 | 6.9% | 31.8% | ||
| Q3 24 | 6.8% | 23.3% | ||
| Q2 24 | 5.5% | 15.8% | ||
| Q1 24 | -3.9% | 6.2% |
资本支出强度FLRSTRL
| Q4 25 | 0.3% | 3.5% | ||
| Q3 25 | 0.4% | 2.9% | ||
| Q2 25 | 0.4% | 2.2% | ||
| Q1 25 | 0.3% | 4.2% | ||
| Q4 24 | 0.7% | 3.1% | ||
| Q3 24 | 1.2% | 2.4% | ||
| Q2 24 | 1.1% | 5.0% | ||
| Q1 24 | 0.9% | 5.1% |
现金转化率FLRSTRL
| Q4 25 | — | 2.12× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | -0.01× | 1.20× | ||
| Q1 25 | — | 2.15× | ||
| Q4 24 | 0.18× | 1.54× | ||
| Q3 24 | 6.11× | 2.48× | ||
| Q2 24 | 1.67× | 2.33× | ||
| Q1 24 | -1.88× | 1.60× |
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% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
