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摩根士丹利（MS）与Quanta Services（PWR）财务数据对比。点击上方公司名可切换其他公司
摩根士丹利的季度营收约是Quanta Services的1.4倍（$10.7B vs $7.9B），摩根士丹利净利率更高（52.6% vs 2.9%，领先49.6%），Quanta Services同比增速更快（26.3% vs 16.0%），过去两年Quanta Services的营收复合增速更高（18.6% vs -15.8%）
摩根士丹利是总部位于美国纽约曼哈顿中城百老汇1585号的跨国投资银行及金融服务提供商，在全球42个国家设有办事处，员工超8万名，服务客户涵盖企业、政府、机构及个人。2023年该公司位列美国财富500强第61位，同年位居福布斯全球2000强第30位。
Quanta Services是美国基础设施服务企业，业务覆盖电力、管道、工业、通信四大领域，可提供各类网络基础设施的规划、设计、安装、项目管理、运维及维修服务。公司自成立以来除内生增长外，已累计收购超150家电力承包领域相关企业。
MS vs PWR — 直观对比
营收规模更大
MS
是对方的1.4倍
$7.9B
营收增速更快
PWR
高出10.3%
16.0%
净利率更高
MS
高出49.6%
2.9%
两年增速更快
PWR
近两年复合增速
-15.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.7B | $7.9B |
| 净利润 | $5.6B | $231.4M |
| 毛利率 | — | 14.1% |
| 营业利润率 | — | 4.3% |
| 净利率 | 52.6% | 2.9% |
| 营收同比 | 16.0% | 26.3% |
| 净利润同比 | — | 55.4% |
| 每股收益（稀释后） | — | $1.45 |
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MSPWR
| Q1 26 | $10.7B | $7.9B | ||
| Q4 25 | $17.9B | $7.8B | ||
| Q3 25 | $18.2B | $7.6B | ||
| Q2 25 | $16.8B | $6.8B | ||
| Q1 25 | $17.7B | $6.2B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | $15.4B | $6.5B | ||
| Q2 24 | $15.0B | $5.6B |
净利润MSPWR
| Q1 26 | $5.6B | $231.4M | ||
| Q4 25 | $4.4B | $316.6M | ||
| Q3 25 | $4.6B | $339.4M | ||
| Q2 25 | $3.5B | $229.3M | ||
| Q1 25 | $4.3B | $144.3M | ||
| Q4 24 | — | $310.3M | ||
| Q3 24 | $3.2B | $293.2M | ||
| Q2 24 | $3.1B | $188.2M |
毛利率MSPWR
| Q1 26 | — | 14.1% | ||
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 15.9% | ||
| Q2 25 | — | 14.9% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | — | 16.2% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 14.5% |
营业利润率MSPWR
| Q1 26 | — | 4.3% | ||
| Q4 25 | 32.2% | 6.2% | ||
| Q3 25 | 33.1% | 6.8% | ||
| Q2 25 | 27.5% | 5.5% | ||
| Q1 25 | 31.3% | 3.8% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | 27.4% | 6.6% | ||
| Q2 24 | 27.1% | 5.5% |
净利率MSPWR
| Q1 26 | 52.6% | 2.9% | ||
| Q4 25 | 24.6% | 4.0% | ||
| Q3 25 | 25.3% | 4.4% | ||
| Q2 25 | 21.1% | 3.4% | ||
| Q1 25 | 24.3% | 2.3% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 20.7% | 4.5% | ||
| Q2 24 | 20.5% | 3.4% |
每股收益（稀释后）MSPWR
| Q1 26 | — | $1.45 | ||
| Q4 25 | $2.68 | $2.08 | ||
| Q3 25 | $2.80 | $2.24 | ||
| Q2 25 | $2.13 | $1.52 | ||
| Q1 25 | $2.60 | $0.96 | ||
| Q4 24 | — | $2.03 | ||
| Q3 24 | $1.88 | $1.95 | ||
| Q2 24 | $1.82 | $1.26 |
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 | — | $364.8M |
| 总债务越低越好 | — | $5.9B |
| 股东权益账面价值 | $5.1M | $9.0B |
| 总资产 | $1581.4B | $25.7B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资MSPWR
| Q1 26 | — | $364.8M | ||
| Q4 25 | $111.7B | $439.5M | ||
| Q3 25 | $103.7B | $610.4M | ||
| Q2 25 | $109.1B | $509.5M | ||
| Q1 25 | $90.7B | $520.6M | ||
| Q4 24 | — | $742.0M | ||
| Q3 24 | $91.1B | $764.1M | ||
| Q2 24 | $90.2B | $518.1M |
总债务MSPWR
| Q1 26 | — | $5.9B | ||
| Q4 25 | $341.7B | $5.2B | ||
| Q3 25 | $324.1B | $5.5B | ||
| Q2 25 | $320.1B | $4.7B | ||
| Q1 25 | $297.0B | $4.4B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $291.2B | $4.1B | ||
| Q2 24 | $269.9B | $3.0B |
股东权益MSPWR
| Q1 26 | $5.1M | $9.0B | ||
| Q4 25 | $111.6B | $8.9B | ||
| Q3 25 | $110.0B | $8.4B | ||
| Q2 25 | $108.2B | $7.9B | ||
| Q1 25 | $106.8B | $7.5B | ||
| Q4 24 | — | $7.3B | ||
| Q3 24 | $103.6B | $7.1B | ||
| Q2 24 | $100.7B | $6.6B |
总资产MSPWR
| Q1 26 | $1581.4B | $25.7B | ||
| Q4 25 | $1420.3B | $24.9B | ||
| Q3 25 | $1364.8B | $22.7B | ||
| Q2 25 | $1353.9B | $19.9B | ||
| Q1 25 | $1300.3B | $19.1B | ||
| Q4 24 | — | $18.7B | ||
| Q3 24 | $1258.0B | $18.9B | ||
| Q2 24 | $1212.4B | $15.9B |
负债/权益比MSPWR
| Q1 26 | — | 0.65× | ||
| Q4 25 | 3.06× | 0.59× | ||
| Q3 25 | 2.95× | 0.66× | ||
| Q2 25 | 2.96× | 0.59× | ||
| Q1 25 | 2.78× | 0.58× | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | 2.81× | 0.58× | ||
| Q2 24 | 2.68× | 0.45× |
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 | — | $391.7M |
| 自由现金流经营现金流 - 资本支出 | — | $184.4M |
| 自由现金流率自由现金流/营收 | — | 2.3% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.69× |
| 过去12个月自由现金流最近4个季度 | — | $1.7B |
8季度趋势，按日历期对齐
经营现金流MSPWR
| Q1 26 | — | $391.7M | ||
| Q4 25 | $-2.4B | $1.1B | ||
| Q3 25 | $-3.3B | $563.5M | ||
| Q2 25 | $11.8B | $295.7M | ||
| Q1 25 | $-24.0B | $243.2M | ||
| Q4 24 | — | $712.0M | ||
| Q3 24 | — | $739.9M | ||
| Q2 24 | — | $391.3M |
自由现金流MSPWR
| Q1 26 | — | $184.4M | ||
| Q4 25 | — | $934.0M | ||
| Q3 25 | — | $421.0M | ||
| Q2 25 | — | $155.4M | ||
| Q1 25 | — | $110.4M | ||
| Q4 24 | — | $565.0M | ||
| Q3 24 | — | $527.4M | ||
| Q2 24 | — | $229.9M |
自由现金流率MSPWR
| Q1 26 | — | 2.3% | ||
| Q4 25 | — | 11.9% | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 4.1% |
资本支出强度MSPWR
| Q1 26 | — | — | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 2.9% |
现金转化率MSPWR
| Q1 26 | — | 1.69× | ||
| Q4 25 | -0.55× | 3.56× | ||
| Q3 25 | -0.72× | 1.66× | ||
| Q2 25 | 3.34× | 1.29× | ||
| Q1 25 | -5.56× | 1.69× | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | — | 2.52× | ||
| Q2 24 | — | 2.08× |
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
MS
暂无分部数据
PWR
| Electric | $6.5B | 82% |
| Underground and Infrastructure | $1.4B | 18% |
