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纳斯达克（NDAQ）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
纳斯达克的季度营收约是Primoris Services Corp的1.2倍（$2.1B vs $1.9B），纳斯达克净利率更高（24.3% vs 2.8%，领先21.5%），Primoris Services Corp同比增速更快（6.7% vs 2.0%），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs 9.2%）
纳斯达克是美国的证券交易所，市值规模在全球证券交易所中排名第二，也是全球首个完全电子化的股票市场。其总部位于纽约曼哈顿，是美国交易量领先、活跃度最高的股票交易场所之一。
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。
NDAQ vs PRIM — 直观对比
营收规模更大
NDAQ
是对方的1.2倍
$1.9B
营收增速更快
PRIM
高出4.7%
2.0%
净利率更高
NDAQ
高出21.5%
2.8%
两年增速更快
PRIM
近两年复合增速
9.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.9B |
| 净利润 | $519.0M | $51.7M |
| 毛利率 | — | 9.4% |
| 营业利润率 | 30.7% | 4.2% |
| 净利率 | 24.3% | 2.8% |
| 营收同比 | 2.0% | 6.7% |
| 净利润同比 | 31.4% | -4.2% |
| 每股收益（稀释后） | $0.91 | $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NDAQPRIM
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $2.0B | $2.2B | ||
| Q2 25 | $2.1B | $1.9B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $1.9B | $1.6B | ||
| Q2 24 | $1.8B | $1.6B |
净利润NDAQPRIM
| Q1 26 | $519.0M | — | ||
| Q4 25 | $518.0M | $51.7M | ||
| Q3 25 | $423.0M | $94.6M | ||
| Q2 25 | $452.0M | $84.3M | ||
| Q1 25 | $395.0M | $44.2M | ||
| Q4 24 | $355.0M | $54.0M | ||
| Q3 24 | $306.0M | $58.4M | ||
| Q2 24 | $222.0M | $49.5M |
毛利率NDAQPRIM
| Q1 26 | — | — | ||
| Q4 25 | 65.5% | 9.4% | ||
| Q3 25 | 67.2% | 10.8% | ||
| Q2 25 | 62.5% | 12.3% | ||
| Q1 25 | 59.2% | 10.4% | ||
| Q4 24 | 60.4% | 10.6% | ||
| Q3 24 | 60.3% | 12.0% | ||
| Q2 24 | 64.7% | 11.9% |
营业利润率NDAQPRIM
| Q1 26 | 30.7% | — | ||
| Q4 25 | 29.7% | 4.2% | ||
| Q3 25 | 29.9% | 6.3% | ||
| Q2 25 | 27.2% | 6.7% | ||
| Q1 25 | 26.2% | 4.3% | ||
| Q4 24 | 25.4% | 5.0% | ||
| Q3 24 | 23.6% | 6.0% | ||
| Q2 24 | 23.6% | 5.5% |
净利率NDAQPRIM
| Q1 26 | 24.3% | — | ||
| Q4 25 | 24.4% | 2.8% | ||
| Q3 25 | 21.6% | 4.3% | ||
| Q2 25 | 21.6% | 4.5% | ||
| Q1 25 | 18.9% | 2.7% | ||
| Q4 24 | 17.5% | 3.1% | ||
| Q3 24 | 16.1% | 3.5% | ||
| Q2 24 | 12.4% | 3.2% |
每股收益（稀释后）NDAQPRIM
| Q1 26 | $0.91 | — | ||
| Q4 25 | $0.90 | $0.94 | ||
| Q3 25 | $0.73 | $1.73 | ||
| Q2 25 | $0.78 | $1.54 | ||
| Q1 25 | $0.68 | $0.81 | ||
| Q4 24 | $0.62 | $0.98 | ||
| Q3 24 | $0.53 | $1.07 | ||
| Q2 24 | $0.38 | $0.91 |
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 | $515.0M | $535.5M |
| 总债务越低越好 | $9.0B | $469.9M |
| 股东权益账面价值 | $12.0B | $1.7B |
| 总资产 | $27.3B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资NDAQPRIM
| Q1 26 | $515.0M | — | ||
| Q4 25 | $604.0M | $535.5M | ||
| Q3 25 | $470.0M | $431.4M | ||
| Q2 25 | $732.0M | $390.3M | ||
| Q1 25 | $690.0M | $351.6M | ||
| Q4 24 | $592.0M | $455.8M | ||
| Q3 24 | $266.0M | $352.7M | ||
| Q2 24 | $416.0M | $207.4M |
总债务NDAQPRIM
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.6B | $469.9M | ||
| Q3 25 | $8.7B | $486.0M | ||
| Q2 25 | $8.7B | $603.1M | ||
| Q1 25 | $8.9B | $612.0M | ||
| Q4 24 | $9.1B | $734.8M | ||
| Q3 24 | $9.4B | $903.7M | ||
| Q2 24 | $9.2B | $933.0M |
股东权益NDAQPRIM
| Q1 26 | $12.0B | — | ||
| Q4 25 | $12.2B | $1.7B | ||
| Q3 25 | $12.0B | $1.6B | ||
| Q2 25 | $11.8B | $1.5B | ||
| Q1 25 | $11.5B | $1.4B | ||
| Q4 24 | $11.2B | $1.4B | ||
| Q3 24 | $11.1B | $1.4B | ||
| Q2 24 | $10.9B | $1.3B |
总资产NDAQPRIM
| Q1 26 | $27.3B | — | ||
| Q4 25 | $31.1B | $4.4B | ||
| Q3 25 | $30.7B | $4.6B | ||
| Q2 25 | $30.4B | $4.5B | ||
| Q1 25 | $30.6B | $4.2B | ||
| Q4 24 | $30.4B | $4.2B | ||
| Q3 24 | $30.6B | $4.2B | ||
| Q2 24 | $30.2B | $4.0B |
负债/权益比NDAQPRIM
| Q1 26 | 0.74× | — | ||
| Q4 25 | 0.70× | 0.28× | ||
| Q3 25 | 0.72× | 0.30× | ||
| Q2 25 | 0.73× | 0.39× | ||
| Q1 25 | 0.77× | 0.42× | ||
| Q4 24 | 0.81× | 0.52× | ||
| Q3 24 | 0.85× | 0.67× | ||
| Q2 24 | 0.85× | 0.72× |
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 | — | $142.9M |
| 自由现金流经营现金流 - 资本支出 | — | $121.1M |
| 自由现金流率自由现金流/营收 | — | 6.5% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | — | 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NDAQPRIM
| Q1 26 | — | — | ||
| Q4 25 | $625.0M | $142.9M | ||
| Q3 25 | $221.0M | $182.9M | ||
| Q2 25 | $746.0M | $78.5M | ||
| Q1 25 | $663.0M | $66.2M | ||
| Q4 24 | $705.0M | $298.3M | ||
| Q3 24 | $244.0M | $222.5M | ||
| Q2 24 | $460.0M | $16.1M |
自由现金流NDAQPRIM
| Q1 26 | — | — | ||
| Q4 25 | $536.0M | $121.1M | ||
| Q3 25 | $152.0M | $148.4M | ||
| Q2 25 | $687.0M | $45.3M | ||
| Q1 25 | $614.0M | $25.6M | ||
| Q4 24 | $645.0M | $270.0M | ||
| Q3 24 | $188.0M | $158.8M | ||
| Q2 24 | $408.0M | $-8.1M |
自由现金流率NDAQPRIM
| Q1 26 | — | — | ||
| Q4 25 | 25.2% | 6.5% | ||
| Q3 25 | 7.8% | 6.8% | ||
| Q2 25 | 32.9% | 2.4% | ||
| Q1 25 | 29.4% | 1.6% | ||
| Q4 24 | 31.7% | 15.5% | ||
| Q3 24 | 9.9% | 9.6% | ||
| Q2 24 | 22.8% | -0.5% |
资本支出强度NDAQPRIM
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 1.2% | ||
| Q3 25 | 3.5% | 1.6% | ||
| Q2 25 | 2.8% | 1.8% | ||
| Q1 25 | 2.3% | 2.5% | ||
| Q4 24 | 3.0% | 1.6% | ||
| Q3 24 | 2.9% | 3.9% | ||
| Q2 24 | 2.9% | 1.5% |
现金转化率NDAQPRIM
| Q1 26 | — | — | ||
| Q4 25 | 1.21× | 2.76× | ||
| Q3 25 | 0.52× | 1.93× | ||
| Q2 25 | 1.65× | 0.93× | ||
| Q1 25 | 1.68× | 1.50× | ||
| Q4 24 | 1.99× | 5.53× | ||
| Q3 24 | 0.80× | 3.81× | ||
| Q2 24 | 2.07× | 0.32× |
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
NDAQ
| Market Services | $1.0B | 49% |
| Capital Access Platforms | $565.0M | 26% |
| Financial Technology | $517.0M | 24% |
| Other Revenues | $8.0M | 0% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
