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GRANITE CONSTRUCTION INC（GVA）与KBR, INC.（KBR）财务数据对比。点击上方公司名可切换其他公司
KBR, INC.的季度营收约是GRANITE CONSTRUCTION INC的1.7倍（$1.9B vs $1.2B）。KBR, INC.净利率更高（6.0% vs 4.5%，领先1.5%）。GRANITE CONSTRUCTION INC同比增速更快（19.2% vs -0.8%）。KBR, INC.自由现金流更多（$190.0M vs $128.8M）
Granite Construction Inc.是美国民用建筑企业及建筑骨料生产商，为标普600指数成分股，创始地及总部位于加利福尼亚州沃森维尔，是Granite Construction Company的母公司。公司主营重型民用建筑承包与建筑骨料生产，在美国西部多州持有或租赁采石场，主要开采砂、砾石、碎石等产品。
KBR是一家总部位于美国的科技与工程企业，业务覆盖航空航天、国防、工业、情报、能源等多个领域，为美国国家航空航天局（NASA）的各类项目、全球合作航天机构及商业合作伙伴提供技术与服务支持。
GVA vs KBR — 直观对比
营收规模更大
KBR
是对方的1.7倍
$1.2B
营收增速更快
GVA
高出20.1%
-0.8%
净利率更高
KBR
高出1.5%
4.5%
自由现金流更多
KBR
多$61.2M
$128.8M
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.9B |
| 净利润 | $52.0M | $115.0M |
| 毛利率 | 14.4% | 14.0% |
| 营业利润率 | 6.4% | 9.9% |
| 净利率 | 4.5% | 6.0% |
| 营收同比 | 19.2% | -0.8% |
| 净利润同比 | 25.4% | 15.0% |
| 每股收益（稀释后） | $1.23 | $0.90 |
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GVAKBR
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $699.5M | — | ||
| Q4 24 | $977.3M | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $672.3M | — |
净利润GVAKBR
| Q4 25 | $52.0M | $115.0M | ||
| Q3 25 | $102.9M | $73.0M | ||
| Q2 25 | $71.7M | $116.0M | ||
| Q1 25 | $-33.7M | — | ||
| Q4 24 | $41.5M | — | ||
| Q3 24 | $79.0M | — | ||
| Q2 24 | $36.9M | — | ||
| Q1 24 | $-31.0M | — |
毛利率GVAKBR
| Q4 25 | 14.4% | 14.0% | ||
| Q3 25 | 18.2% | 14.9% | ||
| Q2 25 | 17.7% | 14.5% | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 15.4% | — | ||
| Q3 24 | 15.9% | — | ||
| Q2 24 | 15.2% | — | ||
| Q1 24 | 8.1% | — |
营业利润率GVAKBR
| Q4 25 | 6.4% | 9.9% | ||
| Q3 25 | 10.0% | 9.9% | ||
| Q2 25 | 9.2% | 9.5% | ||
| Q1 25 | -5.7% | — | ||
| Q4 24 | 6.2% | — | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | -6.4% | — |
净利率GVAKBR
| Q4 25 | 4.5% | 6.0% | ||
| Q3 25 | 7.2% | 3.7% | ||
| Q2 25 | 6.4% | 5.6% | ||
| Q1 25 | -4.8% | — | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | -4.6% | — |
每股收益（稀释后）GVAKBR
| Q4 25 | $1.23 | $0.90 | ||
| Q3 25 | $1.98 | $0.56 | ||
| Q2 25 | $1.42 | $0.88 | ||
| Q1 25 | $-0.77 | — | ||
| Q4 24 | $0.99 | — | ||
| Q3 24 | $1.57 | — | ||
| Q2 24 | $0.76 | — | ||
| Q1 24 | $-0.70 | — |
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 | $600.2M | $539.0M |
| 总债务越低越好 | $1.3B | $2.6B |
| 股东权益账面价值 | $1.2B | $1.5B |
| 总资产 | $4.0B | $6.6B |
| 负债/权益比越低杠杆越低 | 1.14× | 1.78× |
8季度趋势，按日历期对齐
现金及短期投资GVAKBR
| Q4 25 | $600.2M | $539.0M | ||
| Q3 25 | $547.2M | $403.0M | ||
| Q2 25 | $385.3M | $442.0M | ||
| Q1 25 | $422.8M | — | ||
| Q4 24 | $585.6M | — | ||
| Q3 24 | $472.4M | — | ||
| Q2 24 | $377.2M | — | ||
| Q1 24 | $337.3M | — |
总债务GVAKBR
| Q4 25 | $1.3B | $2.6B | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | $740.4M | $2.7B | ||
| Q1 25 | $739.7M | — | ||
| Q4 24 | $739.0M | — | ||
| Q3 24 | $738.6M | — | ||
| Q2 24 | $738.9M | — | ||
| Q1 24 | $553.2M | — |
股东权益GVAKBR
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $993.5M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $931.7M | — | ||
| Q1 24 | $946.5M | — |
总资产GVAKBR
| Q4 25 | $4.0B | $6.6B | ||
| Q3 25 | $4.1B | $6.8B | ||
| Q2 25 | $3.1B | $6.8B | ||
| Q1 25 | $2.9B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $2.6B | — |
负债/权益比GVAKBR
| Q4 25 | 1.14× | 1.78× | ||
| Q3 25 | 1.16× | 1.76× | ||
| Q2 25 | 0.70× | 1.94× | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | 0.58× | — |
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 | $179.3M | $198.0M |
| 自由现金流经营现金流 - 资本支出 | $128.8M | $190.0M |
| 自由现金流率自由现金流/营收 | 11.0% | 9.8% |
| 资本支出强度资本支出/营收 | 4.3% | 0.4% |
| 现金转化率经营现金流/净利润 | 3.45× | 1.72× |
| 过去12个月自由现金流最近4个季度 | $330.6M | — |
8季度趋势，按日历期对齐
经营现金流GVAKBR
| Q4 25 | $179.3M | $198.0M | ||
| Q3 25 | $284.2M | — | ||
| Q2 25 | $1.8M | $98.0M | ||
| Q1 25 | $3.6M | — | ||
| Q4 24 | $172.8M | — | ||
| Q3 24 | $261.5M | — | ||
| Q2 24 | $-2.0M | — | ||
| Q1 24 | $24.1M | — |
自由现金流GVAKBR
| Q4 25 | $128.8M | $190.0M | ||
| Q3 25 | $257.5M | — | ||
| Q2 25 | $-27.0M | $89.0M | ||
| Q1 25 | $-28.6M | — | ||
| Q4 24 | $144.6M | — | ||
| Q3 24 | $220.2M | — | ||
| Q2 24 | $-41.0M | — | ||
| Q1 24 | $-3.8M | — |
自由现金流率GVAKBR
| Q4 25 | 11.0% | 9.8% | ||
| Q3 25 | 18.0% | — | ||
| Q2 25 | -2.4% | 4.3% | ||
| Q1 25 | -4.1% | — | ||
| Q4 24 | 14.8% | — | ||
| Q3 24 | 17.3% | — | ||
| Q2 24 | -3.8% | — | ||
| Q1 24 | -0.6% | — |
资本支出强度GVAKBR
| Q4 25 | 4.3% | 0.4% | ||
| Q3 25 | 1.9% | 0.4% | ||
| Q2 25 | 2.6% | 0.4% | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 4.1% | — |
现金转化率GVAKBR
| Q4 25 | 3.45× | 1.72× | ||
| Q3 25 | 2.76× | — | ||
| Q2 25 | 0.02× | 0.84× | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.17× | — | ||
| Q3 24 | 3.31× | — | ||
| Q2 24 | -0.05× | — | ||
| Q1 24 | — | — |
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
GVA
| Public | $680.2M | 58% |
| Private | $260.1M | 22% |
| Asphalt | $116.9M | 10% |
| Aggregates | $107.9M | 9% |
| Collaborative Arrangement | $7.0M | 1% |
| Performance Obligations | $3.5M | 0% |
KBR
| U.S.Government Defense And Intelligence Clients | $832.0M | 43% |
| Sustainable Technology Solutions | $525.0M | 27% |
| Science And Space | $292.0M | 15% |
| Corporate Joint Venture | $172.0M | 9% |
| Commercial And Infrastructure | $64.0M | 3% |
| Other | $46.0M | 2% |
