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KBR, INC.（KBR）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
KBR, INC.的季度营收约是帕森斯公司的1.2倍（$1.9B vs $1.6B），KBR, INC.净利率更高（6.0% vs 3.5%，领先2.5%），KBR, INC.同比增速更快（-0.8% vs -7.5%），KBR, INC.自由现金流更多（$190.0M vs $135.6M）
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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
KBR vs PSN — 直观对比
营收规模更大
KBR
是对方的1.2倍
$1.6B
营收增速更快
KBR
高出6.7%
-7.5%
净利率更高
KBR
高出2.5%
3.5%
自由现金流更多
KBR
多$54.4M
$135.6M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.6B |
| 净利润 | $115.0M | $55.6M |
| 毛利率 | 14.0% | 23.0% |
| 营业利润率 | 9.9% | 6.6% |
| 净利率 | 6.0% | 3.5% |
| 营收同比 | -0.8% | -7.5% |
| 净利润同比 | 15.0% | -72.4% |
| 每股收益（稀释后） | $0.90 | $0.51 |
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KBRPSN
| Q4 25 | $1.9B | $1.6B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.5B |
净利润KBRPSN
| Q4 25 | $115.0M | $55.6M | ||
| Q3 25 | $73.0M | $64.1M | ||
| Q2 25 | $116.0M | $55.2M | ||
| Q1 25 | — | $66.2M | ||
| Q4 24 | — | $201.3M | ||
| Q3 24 | — | $72.0M | ||
| Q2 24 | — | $69.2M | ||
| Q1 24 | — | $-107.4M |
毛利率KBRPSN
| Q4 25 | 14.0% | 23.0% | ||
| Q3 25 | 14.9% | 22.2% | ||
| Q2 25 | 14.5% | 22.0% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 21.2% |
营业利润率KBRPSN
| Q4 25 | 9.9% | 6.6% | ||
| Q3 25 | 9.9% | 6.7% | ||
| Q2 25 | 9.5% | 6.0% | ||
| Q1 25 | — | 7.0% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 6.7% | ||
| Q1 24 | — | 6.6% |
净利率KBRPSN
| Q4 25 | 6.0% | 3.5% | ||
| Q3 25 | 3.7% | 4.0% | ||
| Q2 25 | 5.6% | 3.5% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | -7.0% |
每股收益（稀释后）KBRPSN
| Q4 25 | $0.90 | $0.51 | ||
| Q3 25 | $0.56 | $0.59 | ||
| Q2 25 | $0.88 | $0.50 | ||
| Q1 25 | — | $0.60 | ||
| Q4 24 | — | $1.85 | ||
| Q3 24 | — | $0.65 | ||
| Q2 24 | — | $0.63 | ||
| Q1 24 | — | $-1.01 |
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 | $539.0M | $466.4M |
| 总债务越低越好 | $2.6B | $1.2B |
| 股东权益账面价值 | $1.5B | $2.6B |
| 总资产 | $6.6B | $5.8B |
| 负债/权益比越低杠杆越低 | 1.78× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资KBRPSN
| Q4 25 | $539.0M | $466.4M | ||
| Q3 25 | $403.0M | $422.6M | ||
| Q2 25 | $442.0M | $411.3M | ||
| Q1 25 | — | $269.7M | ||
| Q4 24 | — | $453.5M | ||
| Q3 24 | — | $558.8M | ||
| Q2 24 | — | $528.5M | ||
| Q1 24 | — | $423.1M |
总债务KBRPSN
| Q4 25 | $2.6B | $1.2B | ||
| Q3 25 | $2.6B | $1.2B | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | — | $785.2M | ||
| Q4 24 | — | $784.1M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益KBRPSN
| Q4 25 | $1.5B | $2.6B | ||
| Q3 25 | $1.5B | $2.6B | ||
| Q2 25 | $1.4B | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.1B |
总资产KBRPSN
| Q4 25 | $6.6B | $5.8B | ||
| Q3 25 | $6.8B | $5.7B | ||
| Q2 25 | $6.8B | $5.7B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | — | $5.2B | ||
| Q1 24 | — | $5.1B |
负债/权益比KBRPSN
| Q4 25 | 1.78× | 0.47× | ||
| Q3 25 | 1.76× | 0.48× | ||
| Q2 25 | 1.94× | 0.49× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.56× | ||
| 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 | $198.0M | $167.5M |
| 自由现金流经营现金流 - 资本支出 | $190.0M | $135.6M |
| 自由现金流率自由现金流/营收 | 9.8% | 8.5% |
| 资本支出强度资本支出/营收 | 0.4% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.72× | 3.01× |
| 过去12个月自由现金流最近4个季度 | — | $410.4M |
8季度趋势，按日历期对齐
经营现金流KBRPSN
| Q4 25 | $198.0M | $167.5M | ||
| Q3 25 | — | $162.8M | ||
| Q2 25 | $98.0M | $159.8M | ||
| Q1 25 | — | $-11.8M | ||
| Q4 24 | — | $126.8M | ||
| Q3 24 | — | $299.0M | ||
| Q2 24 | — | $161.2M | ||
| Q1 24 | — | $-63.4M |
自由现金流KBRPSN
| Q4 25 | $190.0M | $135.6M | ||
| Q3 25 | — | $149.7M | ||
| Q2 25 | $89.0M | $150.4M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $108.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $152.0M | ||
| Q1 24 | — | $-72.9M |
自由现金流率KBRPSN
| Q4 25 | 9.8% | 8.5% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | 4.3% | 9.5% | ||
| Q1 25 | — | -1.6% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | -4.7% |
资本支出强度KBRPSN
| Q4 25 | 0.4% | 2.0% | ||
| Q3 25 | 0.4% | 0.8% | ||
| Q2 25 | 0.4% | 0.6% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.6% |
现金转化率KBRPSN
| Q4 25 | 1.72× | 3.01× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | 0.84× | 2.89× | ||
| Q1 25 | — | -0.18× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 4.16× | ||
| Q2 24 | — | 2.33× | ||
| 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
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% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
