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Jacobs Solutions（J）与Targa Resources（TRGP）财务数据对比。点击上方公司名可切换其他公司
Targa Resources的季度营收约是Jacobs Solutions的1.2倍（$4.1B vs $3.3B），Targa Resources净利率更高（13.4% vs 3.8%，领先9.6%），Jacobs Solutions同比增速更快（12.3% vs -7.9%），Targa Resources自由现金流更多（$542.3M vs $364.9M），过去两年Targa Resources的营收复合增速更高（0.8% 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。
Targa Resources Corp.为财富500强企业，总部位于美国得克萨斯州休斯敦，是美国规模最大的中游能源基础设施企业之一，主营天然气及天然气凝液输送业务，运营资产主要集中在墨西哥湾沿岸，得克萨斯州与路易斯安那州为核心布局区域，马修·J·梅洛伊自2020年起担任首席执行官。
J vs TRGP — 直观对比
营收规模更大
TRGP
是对方的1.2倍
$3.3B
营收增速更快
J
高出20.2%
-7.9%
净利率更高
TRGP
高出9.6%
3.8%
自由现金流更多
TRGP
多$177.4M
$364.9M
两年增速更快
TRGP
近两年复合增速
-12.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.1B |
| 净利润 | $125.5M | $545.0M |
| 毛利率 | 23.2% | 43.1% |
| 营业利润率 | 7.1% | 22.6% |
| 净利率 | 3.8% | 13.4% |
| 营收同比 | 12.3% | -7.9% |
| 净利润同比 | 792.3% | 55.3% |
| 每股收益（稀释后） | $1.12 | $2.51 |
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JTRGP
| Q4 25 | $3.3B | $4.1B | ||
| Q3 25 | $3.2B | $4.2B | ||
| Q2 25 | $3.0B | $4.3B | ||
| Q1 25 | $2.9B | $4.6B | ||
| Q4 24 | $2.9B | $4.4B | ||
| Q3 24 | $-1.2B | $3.9B | ||
| Q2 24 | $4.2B | $3.0B | ||
| Q1 24 | $4.3B | $4.0B |
净利润JTRGP
| Q4 25 | $125.5M | $545.0M | ||
| Q3 25 | $122.2M | $478.4M | ||
| Q2 25 | $179.6M | $629.1M | ||
| Q1 25 | $5.6M | $270.5M | ||
| Q4 24 | $-18.1M | $350.9M | ||
| Q3 24 | $325.4M | $387.4M | ||
| Q2 24 | $146.9M | $298.5M | ||
| Q1 24 | $162.1M | $275.2M |
毛利率JTRGP
| Q4 25 | 23.2% | 43.1% | ||
| Q3 25 | 24.3% | 39.6% | ||
| Q2 25 | 25.0% | 42.8% | ||
| Q1 25 | 25.4% | 28.6% | ||
| Q4 24 | 24.6% | 33.7% | ||
| Q3 24 | — | 38.6% | ||
| Q2 24 | 21.7% | 27.9% | ||
| Q1 24 | 21.2% | 19.3% |
营业利润率JTRGP
| Q4 25 | 7.1% | 22.6% | ||
| Q3 25 | 6.7% | 20.2% | ||
| Q2 25 | 7.8% | 24.3% | ||
| Q1 25 | 7.2% | 11.9% | ||
| Q4 24 | 7.1% | 15.9% | ||
| Q3 24 | — | 18.9% | ||
| Q2 24 | 6.2% | 20.6% | ||
| Q1 24 | 6.6% | 16.0% |
净利率JTRGP
| Q4 25 | 3.8% | 13.4% | ||
| Q3 25 | 3.9% | 11.5% | ||
| Q2 25 | 5.9% | 14.8% | ||
| Q1 25 | 0.2% | 5.9% | ||
| Q4 24 | -0.6% | 8.0% | ||
| Q3 24 | -28.1% | 10.1% | ||
| Q2 24 | 3.5% | 9.8% | ||
| Q1 24 | 3.8% | 6.9% |
每股收益（稀释后）JTRGP
| Q4 25 | $1.12 | $2.51 | ||
| Q3 25 | $0.88 | $2.20 | ||
| Q2 25 | $1.55 | $2.87 | ||
| Q1 25 | $0.06 | $0.91 | ||
| Q4 24 | $-0.11 | $1.44 | ||
| Q3 24 | $2.50 | $1.75 | ||
| Q2 24 | $1.17 | $1.33 | ||
| Q1 24 | $1.28 | $1.22 |
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 | $166.1M |
| 总债务越低越好 | — | $16.7B |
| 股东权益账面价值 | $3.4B | $3.1B |
| 总资产 | $11.6B | $25.2B |
| 负债/权益比越低杠杆越低 | — | 5.43× |
8季度趋势，按日历期对齐
现金及短期投资JTRGP
| Q4 25 | $1.6B | $166.1M | ||
| Q3 25 | $1.2B | $124.1M | ||
| Q2 25 | $1.3B | $113.1M | ||
| Q1 25 | $1.2B | $151.4M | ||
| Q4 24 | $1.3B | $157.3M | ||
| Q3 24 | $1.1B | $127.2M | ||
| Q2 24 | $1.2B | $166.4M | ||
| Q1 24 | $1.0B | $109.9M |
总债务JTRGP
| Q4 25 | — | $16.7B | ||
| Q3 25 | — | $16.7B | ||
| Q2 25 | — | $16.1B | ||
| Q1 25 | — | $15.5B | ||
| Q4 24 | — | $13.8B | ||
| Q3 24 | — | $13.6B | ||
| Q2 24 | — | $13.0B | ||
| Q1 24 | — | $12.5B |
股东权益JTRGP
| Q4 25 | $3.4B | $3.1B | ||
| Q3 25 | $3.6B | $2.7B | ||
| Q2 25 | $3.8B | $2.6B | ||
| Q1 25 | $3.9B | $2.5B | ||
| Q4 24 | $4.2B | $2.6B | ||
| Q3 24 | $4.5B | $2.6B | ||
| Q2 24 | $6.6B | $2.5B | ||
| Q1 24 | $6.6B | $2.7B |
总资产JTRGP
| Q4 25 | $11.6B | $25.2B | ||
| Q3 25 | $11.3B | $24.2B | ||
| Q2 25 | $11.4B | $23.5B | ||
| Q1 25 | $11.2B | $22.8B | ||
| Q4 24 | $11.6B | $22.7B | ||
| Q3 24 | $11.8B | $21.9B | ||
| Q2 24 | $15.0B | $21.3B | ||
| Q1 24 | $14.9B | $20.8B |
负债/权益比JTRGP
| Q4 25 | — | 5.43× | ||
| Q3 25 | — | 6.19× | ||
| Q2 25 | — | 6.21× | ||
| Q1 25 | — | 6.34× | ||
| Q4 24 | — | 5.32× | ||
| Q3 24 | — | 5.28× | ||
| Q2 24 | — | 5.25× | ||
| Q1 24 | — | 4.63× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $364.9M | $542.3M |
| 自由现金流率自由现金流/营收 | 11.1% | 13.4% |
| 资本支出强度资本支出/营收 | 0.5% | 23.8% |
| 现金转化率经营现金流/净利润 | 3.03× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $875.3M | $584.1M |
8季度趋势，按日历期对齐
经营现金流JTRGP
| Q4 25 | $380.8M | $1.5B | ||
| Q3 25 | $383.1M | $599.2M | ||
| Q2 25 | $292.6M | $858.3M | ||
| Q1 25 | $-96.4M | $954.4M | ||
| Q4 24 | $107.5M | $1.3B | ||
| Q3 24 | $196.5M | $540.9M | ||
| Q2 24 | $482.6M | $904.5M | ||
| Q1 24 | $-42.8M | $876.4M |
自由现金流JTRGP
| Q4 25 | $364.9M | $542.3M | ||
| Q3 25 | $353.5M | $-72.6M | ||
| Q2 25 | $270.5M | $-47.8M | ||
| Q1 25 | $-113.7M | $162.2M | ||
| Q4 24 | $97.1M | $601.0M | ||
| Q3 24 | $158.2M | $-287.9M | ||
| Q2 24 | $444.9M | $164.2M | ||
| Q1 24 | $-70.6M | $206.6M |
自由现金流率JTRGP
| Q4 25 | 11.1% | 13.4% | ||
| Q3 25 | 11.2% | -1.7% | ||
| Q2 25 | 8.9% | -1.1% | ||
| Q1 25 | -3.9% | 3.6% | ||
| Q4 24 | 3.3% | 13.6% | ||
| Q3 24 | -13.6% | -7.5% | ||
| Q2 24 | 10.5% | 5.4% | ||
| Q1 24 | -1.7% | 5.2% |
资本支出强度JTRGP
| Q4 25 | 0.5% | 23.8% | ||
| Q3 25 | 0.9% | 16.2% | ||
| Q2 25 | 0.7% | 21.3% | ||
| Q1 25 | 0.6% | 17.4% | ||
| Q4 24 | 0.4% | 16.5% | ||
| Q3 24 | -3.3% | 21.5% | ||
| Q2 24 | 0.9% | 24.3% | ||
| Q1 24 | 0.7% | 16.8% |
现金转化率JTRGP
| Q4 25 | 3.03× | 2.76× | ||
| Q3 25 | 3.13× | 1.25× | ||
| Q2 25 | 1.63× | 1.36× | ||
| Q1 25 | -17.18× | 3.53× | ||
| Q4 24 | — | 3.78× | ||
| Q3 24 | 0.60× | 1.40× | ||
| Q2 24 | 3.28× | 3.03× | ||
| Q1 24 | -0.26× | 3.18× |
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% |
TRGP
| Logistics And Transportation | $3.4B | 83% |
| Natural Gas Reserves | $393.1M | 10% |
| Storage Terminaling And Export | $130.9M | 3% |
| Oil And Condensate | $112.0M | 3% |
| NGL Transportation Fractionation And Services | $64.7M | 2% |
