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第一太阳能（FSLR）与Primerica, Inc.（PRI）财务数据对比。点击上方公司名可切换其他公司
第一太阳能的季度营收约是Primerica, Inc.的2.0倍（$1.7B vs $853.7M），第一太阳能净利率更高（31.0% vs 23.1%，领先7.9%），第一太阳能同比增速更快（11.1% vs 11.0%），过去两年第一太阳能的营收复合增速更高（45.6% vs 7.2%）
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
Primerica, Inc.是一家采用多层次营销模式的金融服务机构，业务覆盖美国与加拿大市场，主要面向当地中等收入家庭提供保险、投资等多元化金融产品，满足客户的风险保障与差异化财富管理需求。
FSLR vs PRI — 直观对比
营收规模更大
FSLR
是对方的2.0倍
$853.7M
营收增速更快
FSLR
高出0.1%
11.0%
净利率更高
FSLR
高出7.9%
23.1%
两年增速更快
FSLR
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $853.7M |
| 净利润 | $520.9M | $197.0M |
| 毛利率 | 39.5% | — |
| 营业利润率 | 32.6% | 28.9% |
| 净利率 | 31.0% | 23.1% |
| 营收同比 | 11.1% | 11.0% |
| 净利润同比 | 32.5% | 17.9% |
| 每股收益（稀释后） | $4.84 | $6.11 |
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FSLRPRI
| Q4 25 | $1.7B | $853.7M | ||
| Q3 25 | $1.6B | $839.9M | ||
| Q2 25 | $1.1B | $793.3M | ||
| Q1 25 | $844.6M | $804.8M | ||
| Q4 24 | $1.5B | $768.8M | ||
| Q3 24 | $887.7M | $774.1M | ||
| Q2 24 | $1.0B | $803.4M | ||
| Q1 24 | $794.1M | $742.8M |
净利润FSLRPRI
| Q4 25 | $520.9M | $197.0M | ||
| Q3 25 | $455.9M | $206.8M | ||
| Q2 25 | $341.9M | $178.3M | ||
| Q1 25 | $209.5M | $169.1M | ||
| Q4 24 | $393.1M | $167.1M | ||
| Q3 24 | $313.0M | $164.4M | ||
| Q2 24 | $349.4M | $1.2M | ||
| Q1 24 | $236.6M | $137.9M |
毛利率FSLRPRI
| Q4 25 | 39.5% | — | ||
| Q3 25 | 38.3% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 40.8% | — | ||
| Q4 24 | 37.5% | — | ||
| Q3 24 | 50.2% | — | ||
| Q2 24 | 49.4% | 98.0% | ||
| Q1 24 | 43.6% | 98.2% |
营业利润率FSLRPRI
| Q4 25 | 32.6% | 28.9% | ||
| Q3 25 | 29.2% | 32.3% | ||
| Q2 25 | 33.0% | 29.6% | ||
| Q1 25 | 26.2% | 27.5% | ||
| Q4 24 | 30.2% | 64.7% | ||
| Q3 24 | 36.3% | 32.9% | ||
| Q2 24 | 36.9% | 1.0% | ||
| Q1 24 | 30.6% | 24.1% |
净利率FSLRPRI
| Q4 25 | 31.0% | 23.1% | ||
| Q3 25 | 28.6% | 24.6% | ||
| Q2 25 | 31.2% | 22.5% | ||
| Q1 25 | 24.8% | 21.0% | ||
| Q4 24 | 26.0% | 21.7% | ||
| Q3 24 | 35.3% | 21.2% | ||
| Q2 24 | 34.6% | 0.1% | ||
| Q1 24 | 29.8% | 18.6% |
每股收益（稀释后）FSLRPRI
| Q4 25 | $4.84 | $6.11 | ||
| Q3 25 | $4.24 | $6.35 | ||
| Q2 25 | $3.18 | $5.40 | ||
| Q1 25 | $1.95 | $5.05 | ||
| Q4 24 | $3.66 | $4.92 | ||
| Q3 24 | $2.91 | $4.83 | ||
| Q2 24 | $3.25 | $0.03 | ||
| Q1 24 | $2.20 | $3.93 |
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 | $2.8B | $756.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.5B | $2.4B |
| 总资产 | $13.3B | $15.0B |
| 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FSLRPRI
| Q4 25 | $2.8B | $756.2M | ||
| Q3 25 | $2.0B | $644.9M | ||
| Q2 25 | $1.1B | $621.2M | ||
| Q1 25 | $837.6M | $625.1M | ||
| Q4 24 | $1.6B | $687.8M | ||
| Q3 24 | $1.0B | $550.1M | ||
| Q2 24 | $1.7B | $627.3M | ||
| Q1 24 | $1.7B | $593.4M |
股东权益FSLRPRI
| Q4 25 | $9.5B | $2.4B | ||
| Q3 25 | $9.0B | $2.3B | ||
| Q2 25 | $8.5B | $2.3B | ||
| Q1 25 | $8.2B | $2.3B | ||
| Q4 24 | $8.0B | $2.3B | ||
| Q3 24 | $7.6B | $1.9B | ||
| Q2 24 | $7.3B | $2.1B | ||
| Q1 24 | $6.9B | $2.2B |
总资产FSLRPRI
| Q4 25 | $13.3B | $15.0B | ||
| Q3 25 | $13.5B | $14.8B | ||
| Q2 25 | $12.9B | $14.8B | ||
| Q1 25 | $12.1B | $14.6B | ||
| Q4 24 | $12.1B | $14.6B | ||
| Q3 24 | $11.4B | $14.8B | ||
| Q2 24 | $11.0B | $14.6B | ||
| Q1 24 | $10.8B | $14.9B |
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 | $1.2B | $338.2M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | — |
| 自由现金流率自由现金流/营收 | 63.6% | — |
| 资本支出强度资本支出/营收 | 10.2% | — |
| 现金转化率经营现金流/净利润 | 2.38× | 1.72× |
| 过去12个月自由现金流最近4个季度 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流FSLRPRI
| Q4 25 | $1.2B | $338.2M | ||
| Q3 25 | $1.3B | $202.9M | ||
| Q2 25 | $149.6M | $162.6M | ||
| Q1 25 | $-608.0M | $197.5M | ||
| Q4 24 | $811.0M | $270.6M | ||
| Q3 24 | $-53.7M | $207.3M | ||
| Q2 24 | $193.0M | $173.3M | ||
| Q1 24 | $267.7M | $210.9M |
自由现金流FSLRPRI
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $-138.6M | — | ||
| Q1 25 | $-813.9M | — | ||
| Q4 24 | $497.5M | — | ||
| Q3 24 | $-487.7M | — | ||
| Q2 24 | $-172.1M | — | ||
| Q1 24 | $-145.7M | — |
自由现金流率FSLRPRI
| Q4 25 | 63.6% | — | ||
| Q3 25 | 67.1% | — | ||
| Q2 25 | -12.6% | — | ||
| Q1 25 | -96.4% | — | ||
| Q4 24 | 32.9% | — | ||
| Q3 24 | -54.9% | — | ||
| Q2 24 | -17.0% | — | ||
| Q1 24 | -18.4% | — |
资本支出强度FSLRPRI
| Q4 25 | 10.2% | — | ||
| Q3 25 | 12.8% | — | ||
| Q2 25 | 26.3% | — | ||
| Q1 25 | 24.4% | — | ||
| Q4 24 | 20.7% | — | ||
| Q3 24 | 48.9% | — | ||
| Q2 24 | 36.1% | — | ||
| Q1 24 | 52.1% | — |
现金转化率FSLRPRI
| Q4 25 | 2.38× | 1.72× | ||
| Q3 25 | 2.79× | 0.98× | ||
| Q2 25 | 0.44× | 0.91× | ||
| Q1 25 | -2.90× | 1.17× | ||
| Q4 24 | 2.06× | 1.62× | ||
| Q3 24 | -0.17× | 1.26× | ||
| Q2 24 | 0.55× | 147.98× | ||
| Q1 24 | 1.13× | 1.53× |
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
FSLR
暂无分部数据
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
