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FULLER H B CO（FUL）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是FULLER H B CO的1.7倍（$1.6B vs $892.0M），FULLER H B CO净利率更高（7.5% vs -0.8%，领先8.4%），FULLER H B CO自由现金流更多（$68.9M vs $57.3M）
H.B.富勒公司是总部位于美国明尼苏达州圣保罗的跨国粘合剂制造企业，全球第四大粘合剂及密封剂生产商。公司拥有超过20000种产品，广泛应用于建筑、工程、电子、卫生用品、食品包装等领域，在26个国家设有81座生产基地，2024年员工规模约7500人。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
FUL vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.7倍
$892.0M
净利率更高
FUL
高出8.4%
-0.8%
自由现金流更多
FUL
多$11.6M
$57.3M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $892.0M | $1.6B |
| 净利润 | $67.2M | $-13.0M |
| 毛利率 | 32.0% | 27.7% |
| 营业利润率 | 12.3% | 1.2% |
| 净利率 | 7.5% | -0.8% |
| 营收同比 | -2.8% | — |
| 净利润同比 | 21.3% | — |
| 每股收益（稀释后） | $1.22 | $-0.03 |
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FULPRMB
| Q4 25 | — | $1.6B | ||
| Q3 25 | $892.0M | $1.8B | ||
| Q2 25 | $898.1M | $1.7B | ||
| Q1 25 | — | $1.6B | ||
| Q3 24 | $917.9M | $0 | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | $810.4M | $1.1B | ||
| Q4 23 | $902.9M | — |
净利润FULPRMB
| Q4 25 | — | $-13.0M | ||
| Q3 25 | $67.2M | $16.8M | ||
| Q2 25 | $41.8M | $27.6M | ||
| Q1 25 | — | $28.7M | ||
| Q3 24 | $55.4M | $-2.0K | ||
| Q2 24 | — | $54.5M | ||
| Q1 24 | $31.0M | $33.5M | ||
| Q4 23 | $45.0M | — |
毛利率FULPRMB
| Q4 25 | — | 27.7% | ||
| Q3 25 | 32.0% | 29.9% | ||
| Q2 25 | 31.9% | 31.3% | ||
| Q1 25 | — | 32.3% | ||
| Q3 24 | 30.0% | — | ||
| Q2 24 | — | 32.7% | ||
| Q1 24 | 29.5% | 30.4% | ||
| Q4 23 | 30.3% | — |
营业利润率FULPRMB
| Q4 25 | — | 1.2% | ||
| Q3 25 | 12.3% | 8.3% | ||
| Q2 25 | 11.1% | 6.5% | ||
| Q1 25 | — | 9.5% | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | — | 12.1% | ||
| Q1 24 | 8.3% | 11.0% | ||
| Q4 23 | 12.6% | — |
净利率FULPRMB
| Q4 25 | — | -0.8% | ||
| Q3 25 | 7.5% | 1.0% | ||
| Q2 25 | 4.7% | 1.6% | ||
| Q1 25 | — | 1.8% | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | 3.8% | 2.9% | ||
| Q4 23 | 5.0% | — |
每股收益（稀释后）FULPRMB
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $1.22 | $0.04 | ||
| Q2 25 | $0.76 | $0.07 | ||
| Q1 25 | — | $0.08 | ||
| Q3 24 | $0.98 | $-20.00 | ||
| Q2 24 | — | $0.25 | ||
| Q1 24 | $0.55 | $0.15 | ||
| Q4 23 | $0.80 | — |
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 | $122.5M | $376.7M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $2.0B | $3.0B |
| 总资产 | $5.2B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资FULPRMB
| Q4 25 | — | $376.7M | ||
| Q3 25 | $122.5M | — | ||
| Q2 25 | $96.8M | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $131.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $165.2M | — | ||
| Q4 23 | $179.5M | — |
总债务FULPRMB
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | $1.8B | — |
股东权益FULPRMB
| Q4 25 | — | $3.0B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $1.9B | $3.2B | ||
| Q1 25 | — | $3.3B | ||
| Q3 24 | $1.8B | $-2.0K | ||
| Q2 24 | — | $-296.8M | ||
| Q1 24 | $1.8B | $-349.8M | ||
| Q4 23 | $1.8B | — |
总资产FULPRMB
| Q4 25 | — | $10.6B | ||
| Q3 25 | $5.2B | $11.0B | ||
| Q2 25 | $5.1B | $11.0B | ||
| Q1 25 | — | $11.0B | ||
| Q3 24 | $5.0B | $0 | ||
| Q2 24 | — | — | ||
| Q1 24 | $4.7B | — | ||
| Q4 23 | $4.7B | — |
负债/权益比FULPRMB
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | 1.05× | — |
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 | $99.0M | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $68.9M | $57.3M |
| 自由现金流率自由现金流/营收 | 7.7% | 3.7% |
| 资本支出强度资本支出/营收 | 3.4% | 9.4% |
| 现金转化率经营现金流/净利润 | 1.47× | — |
| 过去12个月自由现金流最近4个季度 | — | $302.9M |
8季度趋势，按日历期对齐
经营现金流FULPRMB
| Q4 25 | — | $203.1M | ||
| Q3 25 | $99.0M | $283.4M | ||
| Q2 25 | — | $155.0M | ||
| Q1 25 | — | $38.8M | ||
| Q3 24 | $169.4M | $0 | ||
| Q2 24 | — | $102.5M | ||
| Q1 24 | $47.4M | $6.0M | ||
| Q4 23 | $161.7M | — |
自由现金流FULPRMB
| Q4 25 | — | $57.3M | ||
| Q3 25 | $68.9M | $167.7M | ||
| Q2 25 | — | $101.1M | ||
| Q1 25 | — | $-23.2M | ||
| Q3 24 | $99.9M | — | ||
| Q2 24 | — | $61.4M | ||
| Q1 24 | $4.1M | $-17.5M | ||
| Q4 23 | $152.1M | — |
自由现金流率FULPRMB
| Q4 25 | — | 3.7% | ||
| Q3 25 | 7.7% | 9.5% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | -1.4% | ||
| Q3 24 | 10.9% | — | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | 0.5% | -1.5% | ||
| Q4 23 | 16.8% | — |
资本支出强度FULPRMB
| Q4 25 | — | 9.4% | ||
| Q3 25 | 3.4% | 6.6% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 3.8% | ||
| Q3 24 | 7.6% | — | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | 5.3% | 2.1% | ||
| Q4 23 | 1.1% | — |
现金转化率FULPRMB
| Q4 25 | — | — | ||
| Q3 25 | 1.47× | 16.87× | ||
| Q2 25 | — | 5.62× | ||
| Q1 25 | — | 1.35× | ||
| Q3 24 | 3.06× | — | ||
| Q2 24 | — | 1.88× | ||
| Q1 24 | 1.53× | 0.18× | ||
| Q4 23 | 3.59× | — |
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
FUL
| Hygiene Health And Consumable Adhesives | $386.1M | 43% |
| Engineering Adhesives | $272.3M | 31% |
| Building Adhesives Solutions | $233.7M | 26% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
