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MAXIMUS, INC.（MMS）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是MAXIMUS, INC.的1.2倍（$1.6B vs $1.3B），MAXIMUS, INC.净利率更高（7.0% vs -0.8%，领先7.8%），Primo Brands Corp自由现金流更多（$57.3M vs $-250.7M）
MAXIMUS是美国一家政府服务企业，业务覆盖美国、加拿大、英国等国家，为医疗补助、联邦医疗保险、医改、就业帮扶、学生贷款服务等各类政府项目提供行政及配套服务。公司总部位于弗吉尼亚州泰森斯，现有员工3.96万名，2024财年营收达53亿美元。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
MMS vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.2倍
$1.3B
净利率更高
MMS
高出7.8%
-0.8%
自由现金流更多
PRMB
多$308.0M
$-250.7M
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.6B |
| 净利润 | $93.9M | $-13.0M |
| 毛利率 | 23.7% | 27.7% |
| 营业利润率 | 10.9% | 1.2% |
| 净利率 | 7.0% | -0.8% |
| 营收同比 | -4.1% | — |
| 净利润同比 | 128.0% | — |
| 每股收益（稀释后） | $1.70 | $-0.03 |
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MMSPRMB
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $0 | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $1.3B | $1.1B |
净利润MMSPRMB
| Q4 25 | $93.9M | $-13.0M | ||
| Q3 25 | $75.3M | $16.8M | ||
| Q2 25 | $106.0M | $27.6M | ||
| Q1 25 | $96.6M | $28.7M | ||
| Q4 24 | $41.2M | — | ||
| Q3 24 | $72.5M | $-2.0K | ||
| Q2 24 | $89.8M | $54.5M | ||
| Q1 24 | $80.5M | $33.5M |
毛利率MMSPRMB
| Q4 25 | 23.7% | 27.7% | ||
| Q3 25 | 25.3% | 29.9% | ||
| Q2 25 | 26.7% | 31.3% | ||
| Q1 25 | 24.9% | 32.3% | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 22.9% | — | ||
| Q2 24 | 25.3% | 32.7% | ||
| Q1 24 | 23.6% | 30.4% |
营业利润率MMSPRMB
| Q4 25 | 10.9% | 1.2% | ||
| Q3 25 | 9.3% | 8.3% | ||
| Q2 25 | 12.3% | 6.5% | ||
| Q1 25 | 11.2% | 9.5% | ||
| Q4 24 | 6.2% | — | ||
| Q3 24 | 8.5% | — | ||
| Q2 24 | 10.8% | 12.1% | ||
| Q1 24 | 9.5% | 11.0% |
净利率MMSPRMB
| Q4 25 | 7.0% | -0.8% | ||
| Q3 25 | 5.7% | 1.0% | ||
| Q2 25 | 7.9% | 1.6% | ||
| Q1 25 | 7.1% | 1.8% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 6.8% | 4.1% | ||
| Q1 24 | 6.0% | 2.9% |
每股收益（稀释后）MMSPRMB
| Q4 25 | $1.70 | $-0.03 | ||
| Q3 25 | $1.27 | $0.04 | ||
| Q2 25 | $1.86 | $0.07 | ||
| Q1 25 | $1.69 | $0.08 | ||
| Q4 24 | $0.69 | — | ||
| Q3 24 | $1.18 | $-20.00 | ||
| Q2 24 | $1.46 | $0.25 | ||
| Q1 24 | $1.31 | $0.15 |
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 | $137.6M | $376.7M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $1.7B | $3.0B |
| 总资产 | $4.2B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资MMSPRMB
| Q4 25 | $137.6M | $376.7M | ||
| Q3 25 | $222.4M | — | ||
| Q2 25 | $59.8M | — | ||
| Q1 25 | $108.1M | — | ||
| Q4 24 | $72.7M | — | ||
| Q3 24 | $183.1M | — | ||
| Q2 24 | $102.8M | — | ||
| Q1 24 | $77.4M | — |
总债务MMSPRMB
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MMSPRMB
| Q4 25 | $1.7B | $3.0B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.8B | $3.2B | ||
| Q1 25 | $1.7B | $3.3B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | $-2.0K | ||
| Q2 24 | $1.8B | $-296.8M | ||
| Q1 24 | $1.8B | $-349.8M |
总资产MMSPRMB
| Q4 25 | $4.2B | $10.6B | ||
| Q3 25 | $4.1B | $11.0B | ||
| Q2 25 | $4.5B | $11.0B | ||
| Q1 25 | $4.2B | $11.0B | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.1B | $0 | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $4.0B | — |
负债/权益比MMSPRMB
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-244.4M | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $-250.7M | $57.3M |
| 自由现金流率自由现金流/营收 | -18.6% | 3.7% |
| 资本支出强度资本支出/营收 | 0.5% | 9.4% |
| 现金转化率经营现金流/净利润 | -2.60× | — |
| 过去12个月自由现金流最近4个季度 | $218.5M | $302.9M |
8季度趋势，按日历期对齐
经营现金流MMSPRMB
| Q4 25 | $-244.4M | $203.1M | ||
| Q3 25 | $649.4M | $283.4M | ||
| Q2 25 | $-182.7M | $155.0M | ||
| Q1 25 | $42.7M | $38.8M | ||
| Q4 24 | $-80.0M | — | ||
| Q3 24 | $163.8M | $0 | ||
| Q2 24 | $199.3M | $102.5M | ||
| Q1 24 | $130.5M | $6.0M |
自由现金流MMSPRMB
| Q4 25 | $-250.7M | $57.3M | ||
| Q3 25 | $641.8M | $167.7M | ||
| Q2 25 | $-198.2M | $101.1M | ||
| Q1 25 | $25.5M | $-23.2M | ||
| Q4 24 | $-103.0M | — | ||
| Q3 24 | $131.9M | — | ||
| Q2 24 | $164.6M | $61.4M | ||
| Q1 24 | $105.2M | $-17.5M |
自由现金流率MMSPRMB
| Q4 25 | -18.6% | 3.7% | ||
| Q3 25 | 48.7% | 9.5% | ||
| Q2 25 | -14.7% | 5.8% | ||
| Q1 25 | 1.9% | -1.4% | ||
| Q4 24 | -7.3% | — | ||
| Q3 24 | 10.0% | — | ||
| Q2 24 | 12.5% | 4.7% | ||
| Q1 24 | 7.8% | -1.5% |
资本支出强度MMSPRMB
| Q4 25 | 0.5% | 9.4% | ||
| Q3 25 | 0.6% | 6.6% | ||
| Q2 25 | 1.1% | 3.1% | ||
| Q1 25 | 1.3% | 3.8% | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 2.6% | 3.1% | ||
| Q1 24 | 1.9% | 2.1% |
现金转化率MMSPRMB
| Q4 25 | -2.60× | — | ||
| Q3 25 | 8.63× | 16.87× | ||
| Q2 25 | -1.72× | 5.62× | ||
| Q1 25 | 0.44× | 1.35× | ||
| Q4 24 | -1.94× | — | ||
| Q3 24 | 2.26× | — | ||
| Q2 24 | 2.22× | 1.88× | ||
| Q1 24 | 1.62× | 0.18× |
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
MMS
| Clinical Services | $523.7M | 39% |
| Cost Plus Contracts | $386.4M | 29% |
| Outside The United States | $143.2M | 11% |
| International Government Agencies | $141.0M | 10% |
| Technology Solutions | $74.8M | 6% |
| Employment And Other | $70.2M | 5% |
| Other Including Local Municipalities And Commercial Customers | $17.6M | 1% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
