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Jacobs Solutions（J）与Murphy USA Inc.（MUSA）财务数据对比。点击上方公司名可切换其他公司
Murphy USA Inc.的季度营收约是Jacobs Solutions的1.4倍（$4.7B vs $3.3B），Jacobs Solutions净利率更高（3.8% vs 3.0%，领先0.8%），Jacobs Solutions同比增速更快（12.3% vs 0.7%），Jacobs Solutions自由现金流更多（$364.9M vs $128.8M），过去两年Murphy USA Inc.的营收复合增速更高（-1.0% vs -12.2%）
Jacobs Solutions是总部位于美国得克萨斯州达拉斯市的国际技术专业服务企业，面向全球各类企业、社会组织及政府机构客户，提供工程、技术、专业及施工服务，同时开展科学研究与专项咨询业务，在所属行业长期处于领先地位。
墨菲美国是总部位于美国阿肯色州埃尔多拉多的企业，2013年由墨菲石油分拆后独立运营，主营连锁零售加油站业务，旗下站点大多毗邻沃尔玛门店开设，为消费者提供燃油及配套零售服务。
J vs MUSA — 直观对比
营收规模更大
MUSA
是对方的1.4倍
$3.3B
营收增速更快
J
高出11.6%
0.7%
净利率更高
J
高出0.8%
3.0%
自由现金流更多
J
多$236.1M
$128.8M
两年增速更快
MUSA
近两年复合增速
-12.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.7B |
| 净利润 | $125.5M | $141.9M |
| 毛利率 | 23.2% | — |
| 营业利润率 | 7.1% | 4.4% |
| 净利率 | 3.8% | 3.0% |
| 营收同比 | 12.3% | 0.7% |
| 净利润同比 | 792.3% | -0.4% |
| 每股收益（稀释后） | $1.12 | $7.35 |
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JMUSA
| Q4 25 | $3.3B | $4.7B | ||
| Q3 25 | $3.2B | $5.1B | ||
| Q2 25 | $3.0B | $5.0B | ||
| Q1 25 | $2.9B | $4.5B | ||
| Q4 24 | $2.9B | $4.7B | ||
| Q3 24 | $-1.2B | $5.2B | ||
| Q2 24 | $4.2B | $5.5B | ||
| Q1 24 | $4.3B | $4.8B |
净利润JMUSA
| Q4 25 | $125.5M | $141.9M | ||
| Q3 25 | $122.2M | $129.9M | ||
| Q2 25 | $179.6M | $145.6M | ||
| Q1 25 | $5.6M | $53.2M | ||
| Q4 24 | $-18.1M | $142.5M | ||
| Q3 24 | $325.4M | $149.2M | ||
| Q2 24 | $146.9M | $144.8M | ||
| Q1 24 | $162.1M | $66.0M |
毛利率JMUSA
| Q4 25 | 23.2% | — | ||
| Q3 25 | 24.3% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 25.4% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 21.7% | — | ||
| Q1 24 | 21.2% | — |
营业利润率JMUSA
| Q4 25 | 7.1% | 4.4% | ||
| Q3 25 | 6.7% | 3.9% | ||
| Q2 25 | 7.8% | 4.4% | ||
| Q1 25 | 7.2% | 1.9% | ||
| Q4 24 | 7.1% | 4.2% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | 6.2% | 4.0% | ||
| Q1 24 | 6.6% | 2.2% |
净利率JMUSA
| Q4 25 | 3.8% | 3.0% | ||
| Q3 25 | 3.9% | 2.5% | ||
| Q2 25 | 5.9% | 2.9% | ||
| Q1 25 | 0.2% | 1.2% | ||
| Q4 24 | -0.6% | 3.0% | ||
| Q3 24 | -28.1% | 2.8% | ||
| Q2 24 | 3.5% | 2.7% | ||
| Q1 24 | 3.8% | 1.4% |
每股收益（稀释后）JMUSA
| Q4 25 | $1.12 | $7.35 | ||
| Q3 25 | $0.88 | $6.76 | ||
| Q2 25 | $1.55 | $7.36 | ||
| Q1 25 | $0.06 | $2.63 | ||
| Q4 24 | $-0.11 | $6.87 | ||
| Q3 24 | $2.50 | $7.20 | ||
| Q2 24 | $1.17 | $6.92 | ||
| Q1 24 | $1.28 | $3.12 |
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 | $1.6B | $28.9M |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $3.4B | $623.5M |
| 总资产 | $11.6B | $4.7B |
| 负债/权益比越低杠杆越低 | — | 3.47× |
8季度趋势，按日历期对齐
现金及短期投资JMUSA
| Q4 25 | $1.6B | $28.9M | ||
| Q3 25 | $1.2B | $42.8M | ||
| Q2 25 | $1.3B | $54.1M | ||
| Q1 25 | $1.2B | $49.4M | ||
| Q4 24 | $1.3B | $47.0M | ||
| Q3 24 | $1.1B | $52.5M | ||
| Q2 24 | $1.2B | $79.8M | ||
| Q1 24 | $1.0B | $56.7M |
总债务JMUSA
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.8B |
股东权益JMUSA
| Q4 25 | $3.4B | $623.5M | ||
| Q3 25 | $3.6B | $546.0M | ||
| Q2 25 | $3.8B | $646.1M | ||
| Q1 25 | $3.9B | $719.6M | ||
| Q4 24 | $4.2B | $840.1M | ||
| Q3 24 | $4.5B | $830.1M | ||
| Q2 24 | $6.6B | $811.3M | ||
| Q1 24 | $6.6B | $781.6M |
总资产JMUSA
| Q4 25 | $11.6B | $4.7B | ||
| Q3 25 | $11.3B | $4.7B | ||
| Q2 25 | $11.4B | $4.6B | ||
| Q1 25 | $11.2B | $4.5B | ||
| Q4 24 | $11.6B | $4.5B | ||
| Q3 24 | $11.8B | $4.4B | ||
| Q2 24 | $15.0B | $4.4B | ||
| Q1 24 | $14.9B | $4.3B |
负债/权益比JMUSA
| Q4 25 | — | 3.47× | ||
| Q3 25 | — | 4.07× | ||
| Q2 25 | — | 3.20× | ||
| Q1 25 | — | 2.74× | ||
| Q4 24 | — | 2.18× | ||
| Q3 24 | — | 2.19× | ||
| Q2 24 | — | 2.20× | ||
| Q1 24 | — | 2.28× |
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 | $380.8M | $245.5M |
| 自由现金流经营现金流 - 资本支出 | $364.9M | $128.8M |
| 自由现金流率自由现金流/营收 | 11.1% | 2.7% |
| 资本支出强度资本支出/营收 | 0.5% | 2.5% |
| 现金转化率经营现金流/净利润 | 3.03× | 1.73× |
| 过去12个月自由现金流最近4个季度 | $875.3M | $374.3M |
8季度趋势，按日历期对齐
经营现金流JMUSA
| Q4 25 | $380.8M | $245.5M | ||
| Q3 25 | $383.1M | $184.8M | ||
| Q2 25 | $292.6M | $255.1M | ||
| Q1 25 | $-96.4M | $128.5M | ||
| Q4 24 | $107.5M | $248.7M | ||
| Q3 24 | $196.5M | $202.1M | ||
| Q2 24 | $482.6M | $260.8M | ||
| Q1 24 | $-42.8M | $136.0M |
自由现金流JMUSA
| Q4 25 | $364.9M | $128.8M | ||
| Q3 25 | $353.5M | $67.7M | ||
| Q2 25 | $270.5M | $137.1M | ||
| Q1 25 | $-113.7M | $40.7M | ||
| Q4 24 | $97.1M | $121.7M | ||
| Q3 24 | $158.2M | $65.2M | ||
| Q2 24 | $444.9M | $142.8M | ||
| Q1 24 | $-70.6M | $59.8M |
自由现金流率JMUSA
| Q4 25 | 11.1% | 2.7% | ||
| Q3 25 | 11.2% | 1.3% | ||
| Q2 25 | 8.9% | 2.7% | ||
| Q1 25 | -3.9% | 0.9% | ||
| Q4 24 | 3.3% | 2.6% | ||
| Q3 24 | -13.6% | 1.2% | ||
| Q2 24 | 10.5% | 2.6% | ||
| Q1 24 | -1.7% | 1.2% |
资本支出强度JMUSA
| Q4 25 | 0.5% | 2.5% | ||
| Q3 25 | 0.9% | 2.3% | ||
| Q2 25 | 0.7% | 2.4% | ||
| Q1 25 | 0.6% | 1.9% | ||
| Q4 24 | 0.4% | 2.7% | ||
| Q3 24 | -3.3% | 2.6% | ||
| Q2 24 | 0.9% | 2.2% | ||
| Q1 24 | 0.7% | 1.6% |
现金转化率JMUSA
| Q4 25 | 3.03× | 1.73× | ||
| Q3 25 | 3.13× | 1.42× | ||
| Q2 25 | 1.63× | 1.75× | ||
| Q1 25 | -17.18× | 2.42× | ||
| Q4 24 | — | 1.75× | ||
| Q3 24 | 0.60× | 1.35× | ||
| Q2 24 | 3.28× | 1.80× | ||
| Q1 24 | -0.26× | 2.06× |
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
J
| Infrastructure Advanced Facilities | $2.9B | 89% |
| PA Consulting | $354.4M | 11% |
MUSA
| Product Sales Petroleum Retail | $3.3B | 69% |
| Merchandise | $1.1B | 23% |
| Product Sales Petroleum Wholesale | $327.9M | 7% |
| Other | $57.0M | 1% |
| Renewable Identification Numbers | $55.3M | 1% |
| Revenue Other | $1.3M | 0% |
