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MSC INDUSTRIAL DIRECT CO INC（MSM）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MSC INDUSTRIAL DIRECT CO INC的1.9倍（$1.9B vs $965.7M），MSC INDUSTRIAL DIRECT CO INC净利率更高（5.4% vs 2.8%，领先2.6%），Primoris Services Corp同比增速更快（6.7% vs 4.0%），Primoris Services Corp自由现金流更多（$121.1M vs $7.4M），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs -3.4%）
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
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。
MSM vs PRIM — 直观对比
营收规模更大
PRIM
是对方的1.9倍
$965.7M
营收增速更快
PRIM
高出2.7%
4.0%
净利率更高
MSM
高出2.6%
2.8%
自由现金流更多
PRIM
多$113.7M
$7.4M
两年增速更快
PRIM
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $965.7M | $1.9B |
| 净利润 | $51.8M | $51.7M |
| 毛利率 | 40.7% | 9.4% |
| 营业利润率 | 7.9% | 4.2% |
| 净利率 | 5.4% | 2.8% |
| 营收同比 | 4.0% | 6.7% |
| 净利润同比 | 11.1% | -4.2% |
| 每股收益（稀释后） | $0.93 | $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MSMPRIM
| Q4 25 | $965.7M | $1.9B | ||
| Q3 25 | $978.2M | $2.2B | ||
| Q2 25 | $971.1M | $1.9B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $928.5M | $1.7B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $979.4M | $1.6B | ||
| Q1 24 | $935.3M | $1.4B |
净利润MSMPRIM
| Q4 25 | $51.8M | $51.7M | ||
| Q3 25 | $56.5M | $94.6M | ||
| Q2 25 | $56.8M | $84.3M | ||
| Q1 25 | — | $44.2M | ||
| Q4 24 | $46.6M | $54.0M | ||
| Q3 24 | — | $58.4M | ||
| Q2 24 | $71.7M | $49.5M | ||
| Q1 24 | $61.8M | $18.9M |
毛利率MSMPRIM
| Q4 25 | 40.7% | 9.4% | ||
| Q3 25 | 40.4% | 10.8% | ||
| Q2 25 | 41.0% | 12.3% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | 40.7% | 10.6% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | 40.9% | 11.9% | ||
| Q1 24 | 41.5% | 9.4% |
营业利润率MSMPRIM
| Q4 25 | 7.9% | 4.2% | ||
| Q3 25 | 8.6% | 6.3% | ||
| Q2 25 | 8.5% | 6.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | 7.8% | 5.0% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | 10.9% | 5.5% | ||
| Q1 24 | 9.7% | 3.1% |
净利率MSMPRIM
| Q4 25 | 5.4% | 2.8% | ||
| Q3 25 | 5.8% | 4.3% | ||
| Q2 25 | 5.9% | 4.5% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | 5.0% | 3.1% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | 7.3% | 3.2% | ||
| Q1 24 | 6.6% | 1.3% |
每股收益（稀释后）MSMPRIM
| Q4 25 | $0.93 | $0.94 | ||
| Q3 25 | $1.02 | $1.73 | ||
| Q2 25 | $1.02 | $1.54 | ||
| Q1 25 | — | $0.81 | ||
| Q4 24 | $0.83 | $0.98 | ||
| Q3 24 | — | $1.07 | ||
| Q2 24 | $1.27 | $0.91 | ||
| Q1 24 | $1.10 | $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 | $40.3M | $535.5M |
| 总债务越低越好 | $214.1M | $469.9M |
| 股东权益账面价值 | $1.4B | $1.7B |
| 总资产 | $2.5B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.16× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资MSMPRIM
| Q4 25 | $40.3M | $535.5M | ||
| Q3 25 | $56.2M | $431.4M | ||
| Q2 25 | $71.7M | $390.3M | ||
| Q1 25 | — | $351.6M | ||
| Q4 24 | $57.3M | $455.8M | ||
| Q3 24 | — | $352.7M | ||
| Q2 24 | $25.9M | $207.4M | ||
| Q1 24 | $22.2M | $177.6M |
总债务MSMPRIM
| Q4 25 | $214.1M | $469.9M | ||
| Q3 25 | $168.8M | $486.0M | ||
| Q2 25 | $285.0M | $603.1M | ||
| Q1 25 | — | $612.0M | ||
| Q4 24 | $289.9M | $734.8M | ||
| Q3 24 | — | $903.7M | ||
| Q2 24 | $299.8M | $933.0M | ||
| Q1 24 | $294.5M | $951.7M |
股东权益MSMPRIM
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.4B | $1.2B |
总资产MSMPRIM
| Q4 25 | $2.5B | $4.4B | ||
| Q3 25 | $2.5B | $4.6B | ||
| Q2 25 | $2.5B | $4.5B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $2.5B | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | $2.5B | $4.0B | ||
| Q1 24 | $2.5B | $4.0B |
负债/权益比MSMPRIM
| Q4 25 | 0.16× | 0.28× | ||
| Q3 25 | 0.12× | 0.30× | ||
| Q2 25 | 0.21× | 0.39× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | 0.21× | 0.52× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | 0.21× | 0.72× | ||
| Q1 24 | 0.21× | 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 | $29.4M | $142.9M |
| 自由现金流经营现金流 - 资本支出 | $7.4M | $121.1M |
| 自由现金流率自由现金流/营收 | 0.8% | 6.5% |
| 资本支出强度资本支出/营收 | 2.3% | 1.2% |
| 现金转化率经营现金流/净利润 | 0.57× | 2.76× |
| 过去12个月自由现金流最近4个季度 | — | $340.5M |
8季度趋势，按日历期对齐
经营现金流MSMPRIM
| Q4 25 | $29.4M | $142.9M | ||
| Q3 25 | — | $182.9M | ||
| Q2 25 | $151.6M | $78.5M | ||
| Q1 25 | — | $66.2M | ||
| Q4 24 | $101.9M | $298.3M | ||
| Q3 24 | — | $222.5M | ||
| Q2 24 | $143.5M | $16.1M | ||
| Q1 24 | $78.7M | $-28.5M |
自由现金流MSMPRIM
| Q4 25 | $7.4M | $121.1M | ||
| Q3 25 | — | $148.4M | ||
| Q2 25 | $100.7M | $45.3M | ||
| Q1 25 | — | $25.6M | ||
| Q4 24 | $81.7M | $270.0M | ||
| Q3 24 | — | $158.8M | ||
| Q2 24 | $114.0M | $-8.1M | ||
| Q1 24 | $53.4M | $-38.9M |
自由现金流率MSMPRIM
| Q4 25 | 0.8% | 6.5% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | 10.4% | 2.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | 8.8% | 15.5% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | 11.6% | -0.5% | ||
| Q1 24 | 5.7% | -2.8% |
资本支出强度MSMPRIM
| Q4 25 | 2.3% | 1.2% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | 5.2% | 1.8% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | 2.2% | 1.6% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | 3.0% | 1.5% | ||
| Q1 24 | 2.7% | 0.7% |
现金转化率MSMPRIM
| Q4 25 | 0.57× | 2.76× | ||
| Q3 25 | — | 1.93× | ||
| Q2 25 | 2.67× | 0.93× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | 2.18× | 5.53× | ||
| Q3 24 | — | 3.81× | ||
| Q2 24 | 2.00× | 0.32× | ||
| Q1 24 | 1.27× | -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
MSM
暂无分部数据
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
