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李维斯（LEVI）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的季度营收约是李维斯的1.1倍（$1.9B vs $1.8B），李维斯净利率更高（8.9% vs 2.8%，领先6.2%），Primoris Services Corp同比增速更快（6.7% vs -4.0%），李维斯自由现金流更多（$215.7M vs $121.1M），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs 6.5%）
李维斯（Levi Strauss & Co.）是全球知名的美国服饰企业，凭借旗下Levi's品牌丹宁牛仔裤享誉全球。公司创立于1853年5月，由德裔犹太移民李维·斯特劳斯在旧金山成立，注册地为特拉华州，总部设在旧金山李维斯广场。
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。
LEVI vs PRIM — 直观对比
营收规模更大
PRIM
是对方的1.1倍
$1.8B
营收增速更快
PRIM
高出10.7%
-4.0%
净利率更高
LEVI
高出6.2%
2.8%
自由现金流更多
LEVI
多$94.6M
$121.1M
两年增速更快
PRIM
近两年复合增速
6.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.9B |
| 净利润 | $158.0M | $51.7M |
| 毛利率 | 60.8% | 9.4% |
| 营业利润率 | 11.9% | 4.2% |
| 净利率 | 8.9% | 2.8% |
| 营收同比 | -4.0% | 6.7% |
| 净利润同比 | -13.4% | -4.2% |
| 每股收益（稀释后） | $0.39 | $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LEVIPRIM
| Q4 25 | $1.8B | $1.9B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.6B | $1.4B |
净利润LEVIPRIM
| Q4 25 | $158.0M | $51.7M | ||
| Q3 25 | $218.1M | $94.6M | ||
| Q2 25 | $67.0M | $84.3M | ||
| Q1 25 | $135.0M | $44.2M | ||
| Q4 24 | $182.5M | $54.0M | ||
| Q3 24 | $20.7M | $58.4M | ||
| Q2 24 | $18.0M | $49.5M | ||
| Q1 24 | $-10.6M | $18.9M |
毛利率LEVIPRIM
| Q4 25 | 60.8% | 9.4% | ||
| Q3 25 | 61.7% | 10.8% | ||
| Q2 25 | 62.6% | 12.3% | ||
| Q1 25 | 62.1% | 10.4% | ||
| Q4 24 | 61.3% | 10.6% | ||
| Q3 24 | 60.0% | 12.0% | ||
| Q2 24 | 60.5% | 11.9% | ||
| Q1 24 | 58.2% | 9.4% |
营业利润率LEVIPRIM
| Q4 25 | 11.9% | 4.2% | ||
| Q3 25 | 10.8% | 6.3% | ||
| Q2 25 | 7.5% | 6.7% | ||
| Q1 25 | 12.5% | 4.3% | ||
| Q4 24 | 11.5% | 5.0% | ||
| Q3 24 | 2.0% | 6.0% | ||
| Q2 24 | 1.5% | 5.5% | ||
| Q1 24 | -0.0% | 3.1% |
净利率LEVIPRIM
| Q4 25 | 8.9% | 2.8% | ||
| Q3 25 | 14.1% | 4.3% | ||
| Q2 25 | 4.6% | 4.5% | ||
| Q1 25 | 8.8% | 2.7% | ||
| Q4 24 | 9.9% | 3.1% | ||
| Q3 24 | 1.4% | 3.5% | ||
| Q2 24 | 1.2% | 3.2% | ||
| Q1 24 | -0.7% | 1.3% |
每股收益（稀释后）LEVIPRIM
| Q4 25 | $0.39 | $0.94 | ||
| Q3 25 | $0.55 | $1.73 | ||
| Q2 25 | $0.17 | $1.54 | ||
| Q1 25 | $0.34 | $0.81 | ||
| Q4 24 | $0.46 | $0.98 | ||
| Q3 24 | $0.05 | $1.07 | ||
| Q2 24 | $0.04 | $0.91 | ||
| Q1 24 | $-0.03 | $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 | $848.8M | $535.5M |
| 总债务越低越好 | $1.1B | $469.9M |
| 股东权益账面价值 | $2.3B | $1.7B |
| 总资产 | $6.8B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.46× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资LEVIPRIM
| Q4 25 | $848.8M | $535.5M | ||
| Q3 25 | $707.5M | $431.4M | ||
| Q2 25 | $736.7M | $390.3M | ||
| Q1 25 | $574.4M | $351.6M | ||
| Q4 24 | $690.0M | $455.8M | ||
| Q3 24 | $577.1M | $352.7M | ||
| Q2 24 | $641.4M | $207.4M | ||
| Q1 24 | $516.7M | $177.6M |
总债务LEVIPRIM
| Q4 25 | $1.1B | $469.9M | ||
| Q3 25 | $1.0B | $486.0M | ||
| Q2 25 | $1.0B | $603.1M | ||
| Q1 25 | $987.4M | $612.0M | ||
| Q4 24 | $994.0M | $734.8M | ||
| Q3 24 | $1.0B | $903.7M | ||
| Q2 24 | $1.0B | $933.0M | ||
| Q1 24 | $1.0B | $951.7M |
股东权益LEVIPRIM
| Q4 25 | $2.3B | $1.7B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $2.0B | $1.4B | ||
| Q3 24 | $1.9B | $1.4B | ||
| Q2 24 | $2.0B | $1.3B | ||
| Q1 24 | $2.0B | $1.2B |
总资产LEVIPRIM
| Q4 25 | $6.8B | $4.4B | ||
| Q3 25 | $6.7B | $4.6B | ||
| Q2 25 | $6.5B | $4.5B | ||
| Q1 25 | $6.2B | $4.2B | ||
| Q4 24 | $6.4B | $4.2B | ||
| Q3 24 | $6.3B | $4.2B | ||
| Q2 24 | $6.2B | $4.0B | ||
| Q1 24 | $6.0B | $4.0B |
负债/权益比LEVIPRIM
| Q4 25 | 0.46× | 0.28× | ||
| Q3 25 | 0.48× | 0.30× | ||
| Q2 25 | 0.49× | 0.39× | ||
| Q1 25 | 0.49× | 0.42× | ||
| Q4 24 | 0.50× | 0.52× | ||
| Q3 24 | 0.54× | 0.67× | ||
| Q2 24 | 0.51× | 0.72× | ||
| Q1 24 | 0.51× | 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 | $266.8M | $142.9M |
| 自由现金流经营现金流 - 资本支出 | $215.7M | $121.1M |
| 自由现金流率自由现金流/营收 | 12.2% | 6.5% |
| 资本支出强度资本支出/营收 | 2.9% | 1.2% |
| 现金转化率经营现金流/净利润 | 1.69× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $308.2M | $340.5M |
8季度趋势，按日历期对齐
经营现金流LEVIPRIM
| Q4 25 | $266.8M | $142.9M | ||
| Q3 25 | $24.8M | $182.9M | ||
| Q2 25 | $185.5M | $78.5M | ||
| Q1 25 | $52.5M | $66.2M | ||
| Q4 24 | $297.3M | $298.3M | ||
| Q3 24 | $52.3M | $222.5M | ||
| Q2 24 | $262.8M | $16.1M | ||
| Q1 24 | $286.0M | $-28.5M |
自由现金流LEVIPRIM
| Q4 25 | $215.7M | $121.1M | ||
| Q3 25 | $-39.4M | $148.4M | ||
| Q2 25 | $146.0M | $45.3M | ||
| Q1 25 | $-14.1M | $25.6M | ||
| Q4 24 | $231.6M | $270.0M | ||
| Q3 24 | $2.3M | $158.8M | ||
| Q2 24 | $222.6M | $-8.1M | ||
| Q1 24 | $214.4M | $-38.9M |
自由现金流率LEVIPRIM
| Q4 25 | 12.2% | 6.5% | ||
| Q3 25 | -2.6% | 6.8% | ||
| Q2 25 | 10.1% | 2.4% | ||
| Q1 25 | -0.9% | 1.6% | ||
| Q4 24 | 12.6% | 15.5% | ||
| Q3 24 | 0.2% | 9.6% | ||
| Q2 24 | 15.4% | -0.5% | ||
| Q1 24 | 13.8% | -2.8% |
资本支出强度LEVIPRIM
| Q4 25 | 2.9% | 1.2% | ||
| Q3 25 | 4.2% | 1.6% | ||
| Q2 25 | 2.7% | 1.8% | ||
| Q1 25 | 4.4% | 2.5% | ||
| Q4 24 | 3.6% | 1.6% | ||
| Q3 24 | 3.3% | 3.9% | ||
| Q2 24 | 2.8% | 1.5% | ||
| Q1 24 | 4.6% | 0.7% |
现金转化率LEVIPRIM
| Q4 25 | 1.69× | 2.76× | ||
| Q3 25 | 0.11× | 1.93× | ||
| Q2 25 | 2.77× | 0.93× | ||
| Q1 25 | 0.39× | 1.50× | ||
| Q4 24 | 1.63× | 5.53× | ||
| Q3 24 | 2.53× | 3.81× | ||
| Q2 24 | 14.60× | 0.32× | ||
| Q1 24 | — | -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
LEVI
| Other | $760.3M | 43% |
| Sales Channel Through Intermediary | $583.2M | 33% |
| Sales Channel Directly To Consumer | $376.0M | 21% |
| Beyond Yoga | $46.3M | 3% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
