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礼恩派（LEG）与Primoris Services Corp（PRIM）财务数据对比。点击上方公司名可切换其他公司
Primoris Services Corp的季度营收约是礼恩派的2.0倍（$1.9B vs $938.6M），Primoris Services Corp净利率更高（2.8% vs 2.7%，领先0.1%），Primoris Services Corp同比增速更快（6.7% vs -11.2%），Primoris Services Corp自由现金流更多（$121.1M vs $101.9M），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs -7.5%）
礼恩派（Leggett & Platt）总部位于美国密苏里州迦太基，是一家多元化制造企业，成立于1883年。公司专注于设计生产各类工程组件及产品，广泛应用于家居与汽车领域。目前旗下设有15个业务单元，在全球18个国家拥有135座生产工厂，员工总数达2万名。
Primoris Services Corp是总部位于美国的上市专业基建与工程建设企业，核心业务覆盖天然气管道、污水管网及供水管道建设领域，2014年入选《财富》1000强榜单，在北美能源及民生基建领域拥有丰富的项目运营经验。
LEG vs PRIM — 直观对比
营收规模更大
PRIM
是对方的2.0倍
$938.6M
营收增速更快
PRIM
高出17.8%
-11.2%
净利率更高
PRIM
高出0.1%
2.7%
自由现金流更多
PRIM
多$19.2M
$101.9M
两年增速更快
PRIM
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $938.6M | $1.9B |
| 净利润 | $25.1M | $51.7M |
| 毛利率 | 17.9% | 9.4% |
| 营业利润率 | 2.0% | 4.2% |
| 净利率 | 2.7% | 2.8% |
| 营收同比 | -11.2% | 6.7% |
| 净利润同比 | 76.8% | -4.2% |
| 每股收益（稀释后） | $0.18 | $0.94 |
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LEGPRIM
| Q4 25 | $938.6M | $1.9B | ||
| Q3 25 | $1.0B | $2.2B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.1B | $1.4B |
净利润LEGPRIM
| Q4 25 | $25.1M | $51.7M | ||
| Q3 25 | $127.1M | $94.6M | ||
| Q2 25 | $52.5M | $84.3M | ||
| Q1 25 | $30.6M | $44.2M | ||
| Q4 24 | $14.2M | $54.0M | ||
| Q3 24 | $44.9M | $58.4M | ||
| Q2 24 | $-602.2M | $49.5M | ||
| Q1 24 | $31.6M | $18.9M |
毛利率LEGPRIM
| Q4 25 | 17.9% | 9.4% | ||
| Q3 25 | 18.7% | 10.8% | ||
| Q2 25 | 18.2% | 12.3% | ||
| Q1 25 | 18.6% | 10.4% | ||
| Q4 24 | 16.6% | 10.6% | ||
| Q3 24 | 18.2% | 12.0% | ||
| Q2 24 | 16.5% | 11.9% | ||
| Q1 24 | 17.0% | 9.4% |
营业利润率LEGPRIM
| Q4 25 | 2.0% | 4.2% | ||
| Q3 25 | 14.9% | 6.3% | ||
| Q2 25 | 6.8% | 6.7% | ||
| Q1 25 | 4.4% | 4.3% | ||
| Q4 24 | 2.4% | 5.0% | ||
| Q3 24 | 5.2% | 6.0% | ||
| Q2 24 | -56.2% | 5.5% | ||
| Q1 24 | 3.9% | 3.1% |
净利率LEGPRIM
| Q4 25 | 2.7% | 2.8% | ||
| Q3 25 | 12.3% | 4.3% | ||
| Q2 25 | 5.0% | 4.5% | ||
| Q1 25 | 3.0% | 2.7% | ||
| Q4 24 | 1.3% | 3.1% | ||
| Q3 24 | 4.1% | 3.5% | ||
| Q2 24 | -53.4% | 3.2% | ||
| Q1 24 | 2.9% | 1.3% |
每股收益（稀释后）LEGPRIM
| Q4 25 | $0.18 | $0.94 | ||
| Q3 25 | $0.91 | $1.73 | ||
| Q2 25 | $0.38 | $1.54 | ||
| Q1 25 | $0.22 | $0.81 | ||
| Q4 24 | $0.10 | $0.98 | ||
| Q3 24 | $0.33 | $1.07 | ||
| Q2 24 | $-4.39 | $0.91 | ||
| Q1 24 | $0.23 | $0.35 |
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 | $587.4M | $535.5M |
| 总债务越低越好 | $1.5B | $469.9M |
| 股东权益账面价值 | $1.0B | $1.7B |
| 总资产 | $3.5B | $4.4B |
| 负债/权益比越低杠杆越低 | 1.46× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资LEGPRIM
| Q4 25 | $587.4M | $535.5M | ||
| Q3 25 | $460.7M | $431.4M | ||
| Q2 25 | $368.8M | $390.3M | ||
| Q1 25 | $412.6M | $351.6M | ||
| Q4 24 | $350.2M | $455.8M | ||
| Q3 24 | $277.2M | $352.7M | ||
| Q2 24 | $307.0M | $207.4M | ||
| Q1 24 | $361.3M | $177.6M |
总债务LEGPRIM
| Q4 25 | $1.5B | $469.9M | ||
| Q3 25 | $1.5B | $486.0M | ||
| Q2 25 | $1.8B | $603.1M | ||
| Q1 25 | $1.9B | $612.0M | ||
| Q4 24 | $1.9B | $734.8M | ||
| Q3 24 | $1.6B | $903.7M | ||
| Q2 24 | $1.7B | $933.0M | ||
| Q1 24 | $1.8B | $951.7M |
股东权益LEGPRIM
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $971.8M | $1.6B | ||
| Q2 25 | $855.0M | $1.5B | ||
| Q1 25 | $746.8M | $1.4B | ||
| Q4 24 | $689.4M | $1.4B | ||
| Q3 24 | $741.0M | $1.4B | ||
| Q2 24 | $667.6M | $1.3B | ||
| Q1 24 | $1.3B | $1.2B |
总资产LEGPRIM
| Q4 25 | $3.5B | $4.4B | ||
| Q3 25 | $3.5B | $4.6B | ||
| Q2 25 | $3.7B | $4.5B | ||
| Q1 25 | $3.7B | $4.2B | ||
| Q4 24 | $3.7B | $4.2B | ||
| Q3 24 | $3.8B | $4.2B | ||
| Q2 24 | $3.8B | $4.0B | ||
| Q1 24 | $4.6B | $4.0B |
负债/权益比LEGPRIM
| Q4 25 | 1.46× | 0.28× | ||
| Q3 25 | 1.54× | 0.30× | ||
| Q2 25 | 2.10× | 0.39× | ||
| Q1 25 | 2.59× | 0.42× | ||
| Q4 24 | 2.70× | 0.52× | ||
| Q3 24 | 2.13× | 0.67× | ||
| Q2 24 | 2.55× | 0.72× | ||
| Q1 24 | 1.38× | 0.76× |
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 | $121.5M | $142.9M |
| 自由现金流经营现金流 - 资本支出 | $101.9M | $121.1M |
| 自由现金流率自由现金流/营收 | 10.9% | 6.5% |
| 资本支出强度资本支出/营收 | 2.1% | 1.2% |
| 现金转化率经营现金流/净利润 | 4.84× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $281.0M | $340.5M |
8季度趋势，按日历期对齐
经营现金流LEGPRIM
| Q4 25 | $121.5M | $142.9M | ||
| Q3 25 | $125.9M | $182.9M | ||
| Q2 25 | $84.0M | $78.5M | ||
| Q1 25 | $6.8M | $66.2M | ||
| Q4 24 | $122.3M | $298.3M | ||
| Q3 24 | $95.5M | $222.5M | ||
| Q2 24 | $94.0M | $16.1M | ||
| Q1 24 | $-6.1M | $-28.5M |
自由现金流LEGPRIM
| Q4 25 | $101.9M | $121.1M | ||
| Q3 25 | $110.1M | $148.4M | ||
| Q2 25 | $75.5M | $45.3M | ||
| Q1 25 | $-6.5M | $25.6M | ||
| Q4 24 | $100.5M | $270.0M | ||
| Q3 24 | $77.1M | $158.8M | ||
| Q2 24 | $78.5M | $-8.1M | ||
| Q1 24 | $-32.0M | $-38.9M |
自由现金流率LEGPRIM
| Q4 25 | 10.9% | 6.5% | ||
| Q3 25 | 10.6% | 6.8% | ||
| Q2 25 | 7.1% | 2.4% | ||
| Q1 25 | -0.6% | 1.6% | ||
| Q4 24 | 9.5% | 15.5% | ||
| Q3 24 | 7.0% | 9.6% | ||
| Q2 24 | 7.0% | -0.5% | ||
| Q1 24 | -2.9% | -2.8% |
资本支出强度LEGPRIM
| Q4 25 | 2.1% | 1.2% | ||
| Q3 25 | 1.5% | 1.6% | ||
| Q2 25 | 0.8% | 1.8% | ||
| Q1 25 | 1.3% | 2.5% | ||
| Q4 24 | 2.1% | 1.6% | ||
| Q3 24 | 1.7% | 3.9% | ||
| Q2 24 | 1.4% | 1.5% | ||
| Q1 24 | 2.4% | 0.7% |
现金转化率LEGPRIM
| Q4 25 | 4.84× | 2.76× | ||
| Q3 25 | 0.99× | 1.93× | ||
| Q2 25 | 1.60× | 0.93× | ||
| Q1 25 | 0.22× | 1.50× | ||
| Q4 24 | 8.61× | 5.53× | ||
| Q3 24 | 2.13× | 3.81× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | -0.19× | -1.50× |
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
LEG
| Bedding Products | $373.8M | 40% |
| Flooring And Textile Products Group | $196.9M | 21% |
| Automotive Group | $194.9M | 21% |
| Work Furniture Group | $66.2M | 7% |
| Home Furniture Group | $61.0M | 6% |
| Hydraulic Cylinders | $45.8M | 5% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
