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MYR GROUP INC.（MYRG）与Quad/Graphics, Inc.（QUAD）财务数据对比。点击上方公司名可切换其他公司
MYR GROUP INC.的季度营收约是Quad/Graphics, Inc.的1.5倍（$973.5M vs $630.6M），MYR GROUP INC.同比增速更快（17.3% vs -11.0%），Quad/Graphics, Inc.自由现金流更多（$137.2M vs $84.9M），过去两年MYR GROUP INC.的营收复合增速更高（9.3% vs -1.9%）
MYR集团是美国知名电气建设服务提供商，业务覆盖输配电线路、变电站、工商业建筑及可再生能源领域的电气施工，旗下拥有12家电气建设子公司，在北美电力基建赛道拥有深厚的技术积累与项目交付能力。
奎德图形是一家总部位于美国威斯康星州萨塞克斯的营销服务企业，主营各类印刷与营销服务，业务覆盖受众定向、全渠道媒体策划投放、创意内容制作、零售展示包装、邮件优化及消费者分析等领域，可同时服务实体与数字媒体渠道。2025年，该企业位列美国大型广告集团、北美大型商业印刷企业之列。
MYRG vs QUAD — 直观对比
营收规模更大
MYRG
是对方的1.5倍
$630.6M
营收增速更快
MYRG
高出28.3%
-11.0%
自由现金流更多
QUAD
多$52.3M
$84.9M
两年增速更快
MYRG
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $973.5M | $630.6M |
| 净利润 | $36.5M | — |
| 毛利率 | 11.4% | 21.6% |
| 营业利润率 | 4.8% | 5.9% |
| 净利率 | 3.8% | — |
| 营收同比 | 17.3% | -11.0% |
| 净利润同比 | 129.1% | — |
| 每股收益（稀释后） | $2.33 | $0.22 |
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MYRGQUAD
| Q4 25 | $973.5M | $630.6M | ||
| Q3 25 | $950.4M | $588.0M | ||
| Q2 25 | $900.3M | $571.9M | ||
| Q1 25 | $833.6M | $629.4M | ||
| Q4 24 | $829.8M | $708.4M | ||
| Q3 24 | $888.0M | $674.8M | ||
| Q2 24 | $828.9M | $634.2M | ||
| Q1 24 | $815.6M | $654.8M |
净利润MYRGQUAD
| Q4 25 | $36.5M | — | ||
| Q3 25 | $32.1M | $10.2M | ||
| Q2 25 | $26.5M | $-100.0K | ||
| Q1 25 | $23.3M | $5.8M | ||
| Q4 24 | $16.0M | — | ||
| Q3 24 | $10.6M | $-24.7M | ||
| Q2 24 | $-15.3M | $-2.8M | ||
| Q1 24 | $18.9M | $-28.1M |
毛利率MYRGQUAD
| Q4 25 | 11.4% | 21.6% | ||
| Q3 25 | 11.8% | 22.8% | ||
| Q2 25 | 11.5% | 21.6% | ||
| Q1 25 | 11.6% | 20.6% | ||
| Q4 24 | 10.4% | 22.4% | ||
| Q3 24 | 8.7% | 21.8% | ||
| Q2 24 | 4.9% | 22.1% | ||
| Q1 24 | 10.6% | 20.4% |
营业利润率MYRGQUAD
| Q4 25 | 4.8% | 5.9% | ||
| Q3 25 | 4.9% | 4.5% | ||
| Q2 25 | 4.4% | 2.4% | ||
| Q1 25 | 4.1% | 3.1% | ||
| Q4 24 | 3.6% | 2.8% | ||
| Q3 24 | 2.3% | -0.7% | ||
| Q2 24 | -2.5% | 2.4% | ||
| Q1 24 | 3.0% | -1.6% |
净利率MYRGQUAD
| Q4 25 | 3.8% | — | ||
| Q3 25 | 3.4% | 1.7% | ||
| Q2 25 | 2.9% | -0.0% | ||
| Q1 25 | 2.8% | 0.9% | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 1.2% | -3.7% | ||
| Q2 24 | -1.8% | -0.4% | ||
| Q1 24 | 2.3% | -4.3% |
每股收益（稀释后）MYRGQUAD
| Q4 25 | $2.33 | $0.22 | ||
| Q3 25 | $2.05 | $0.21 | ||
| Q2 25 | $1.70 | $0.00 | ||
| Q1 25 | $1.45 | $0.11 | ||
| Q4 24 | $0.97 | $0.11 | ||
| Q3 24 | $0.65 | $-0.52 | ||
| Q2 24 | $-0.91 | $-0.06 | ||
| Q1 24 | $1.12 | $-0.60 |
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 | $150.2M | $63.3M |
| 总债务越低越好 | $59.0M | $369.9M |
| 股东权益账面价值 | $660.4M | $-59.5M |
| 总资产 | $1.6B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.09× | — |
8季度趋势，按日历期对齐
现金及短期投资MYRGQUAD
| Q4 25 | $150.2M | $63.3M | ||
| Q3 25 | $76.2M | $6.2M | ||
| Q2 25 | $23.0M | $6.7M | ||
| Q1 25 | $10.9M | $8.1M | ||
| Q4 24 | $3.5M | $29.2M | ||
| Q3 24 | $7.6M | $12.5M | ||
| Q2 24 | $1.9M | $12.8M | ||
| Q1 24 | $3.9M | $10.2M |
总债务MYRGQUAD
| Q4 25 | $59.0M | $369.9M | ||
| Q3 25 | $72.0M | — | ||
| Q2 25 | $86.1M | — | ||
| Q1 25 | $87.2M | — | ||
| Q4 24 | $74.4M | $377.1M | ||
| Q3 24 | $93.2M | — | ||
| Q2 24 | $45.1M | — | ||
| Q1 24 | $37.9M | — |
股东权益MYRGQUAD
| Q4 25 | $660.4M | $-59.5M | ||
| Q3 25 | $617.6M | $96.7M | ||
| Q2 25 | $583.2M | $87.0M | ||
| Q1 25 | $548.7M | $87.4M | ||
| Q4 24 | $600.4M | $-131.2M | ||
| Q3 24 | $588.5M | $50.9M | ||
| Q2 24 | $633.3M | $79.1M | ||
| Q1 24 | $663.7M | $89.2M |
总资产MYRGQUAD
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.6B | $1.4B | ||
| Q1 24 | $1.6B | $1.4B |
负债/权益比MYRGQUAD
| Q4 25 | 0.09× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.15× | — | ||
| Q1 25 | 0.16× | — | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.06× | — |
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 | $114.8M | $145.9M |
| 自由现金流经营现金流 - 资本支出 | $84.9M | $137.2M |
| 自由现金流率自由现金流/营收 | 8.7% | 21.8% |
| 资本支出强度资本支出/营收 | 3.1% | 1.4% |
| 现金转化率经营现金流/净利润 | 3.14× | — |
| 过去12个月自由现金流最近4个季度 | $232.2M | $50.7M |
8季度趋势，按日历期对齐
经营现金流MYRGQUAD
| Q4 25 | $114.8M | $145.9M | ||
| Q3 25 | $95.6M | $-8.4M | ||
| Q2 25 | $32.9M | $47.4M | ||
| Q1 25 | $83.3M | $-89.0M | ||
| Q4 24 | $21.1M | $158.8M | ||
| Q3 24 | $35.6M | $2.4M | ||
| Q2 24 | $22.7M | $3.9M | ||
| Q1 24 | $7.7M | $-52.2M |
自由现金流MYRGQUAD
| Q4 25 | $84.9M | $137.2M | ||
| Q3 25 | $65.4M | $-20.6M | ||
| Q2 25 | $11.6M | $34.4M | ||
| Q1 25 | $70.2M | $-100.3M | ||
| Q4 24 | $8.8M | $147.3M | ||
| Q3 24 | $18.0M | $-9.8M | ||
| Q2 24 | $2.5M | $-11.7M | ||
| Q1 24 | $-18.1M | $-70.1M |
自由现金流率MYRGQUAD
| Q4 25 | 8.7% | 21.8% | ||
| Q3 25 | 6.9% | -3.5% | ||
| Q2 25 | 1.3% | 6.0% | ||
| Q1 25 | 8.4% | -15.9% | ||
| Q4 24 | 1.1% | 20.8% | ||
| Q3 24 | 2.0% | -1.5% | ||
| Q2 24 | 0.3% | -1.8% | ||
| Q1 24 | -2.2% | -10.7% |
资本支出强度MYRGQUAD
| Q4 25 | 3.1% | 1.4% | ||
| Q3 25 | 3.2% | 2.1% | ||
| Q2 25 | 2.4% | 2.3% | ||
| Q1 25 | 1.6% | 1.8% | ||
| Q4 24 | 1.5% | 1.6% | ||
| Q3 24 | 2.0% | 1.8% | ||
| Q2 24 | 2.4% | 2.5% | ||
| Q1 24 | 3.2% | 2.7% |
现金转化率MYRGQUAD
| Q4 25 | 3.14× | — | ||
| Q3 25 | 2.98× | -0.82× | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 3.57× | -15.34× | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 3.35× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.41× | — |
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
MYRG
| Market Type Electrical Construction | $442.6M | 45% |
| Market Type Transmission | $330.3M | 34% |
| Market Type Distribution | $200.6M | 21% |
QUAD
| Catalog Publications Retail Inserts Books And Directories | $300.6M | 48% |
| Direct Mail And Other Printed Products | $147.1M | 23% |
| Imaging Marketing Services And Other Services | $79.8M | 13% |
| Logistic Services | $61.4M | 10% |
| Other | $39.3M | 6% |
| Other Revenues | $2.4M | 0% |
