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PulteGroup（PHM）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
PulteGroup的季度营收约是Primoris Services Corp的1.8倍（$3.4B vs $1.9B），PulteGroup净利率更高（10.2% vs 2.8%，领先7.4%），Primoris Services Corp同比增速更快（6.7% vs -12.4%），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs -13.9%）
PulteGroup Inc.是总部位于美国佐治亚州亚特兰大的住宅建造企业，2023年按房屋交付量统计为美国第三大住宅建造商，自成立以来累计已建成超过77.5万套住宅，是美国住宅开发领域的领先企业之一。
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。
PHM vs PRIM — 直观对比
营收规模更大
PHM
是对方的1.8倍
$1.9B
营收增速更快
PRIM
高出19.1%
-12.4%
净利率更高
PHM
高出7.4%
2.8%
两年增速更快
PRIM
近两年复合增速
-13.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $1.9B |
| 净利润 | $347.0M | $51.7M |
| 毛利率 | — | 9.4% |
| 营业利润率 | — | 4.2% |
| 净利率 | 10.2% | 2.8% |
| 营收同比 | -12.4% | 6.7% |
| 净利润同比 | -33.6% | -4.2% |
| 每股收益（稀释后） | — | $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PHMPRIM
| Q1 26 | $3.4B | — | ||
| Q4 25 | $4.6B | $1.9B | ||
| Q3 25 | $4.4B | $2.2B | ||
| Q2 25 | $4.4B | $1.9B | ||
| Q1 25 | $3.9B | $1.6B | ||
| Q4 24 | $4.9B | $1.7B | ||
| Q3 24 | $4.5B | $1.6B | ||
| Q2 24 | $4.6B | $1.6B |
净利润PHMPRIM
| Q1 26 | $347.0M | — | ||
| Q4 25 | $501.6M | $51.7M | ||
| Q3 25 | $585.8M | $94.6M | ||
| Q2 25 | $608.5M | $84.3M | ||
| Q1 25 | $522.8M | $44.2M | ||
| Q4 24 | $913.2M | $54.0M | ||
| Q3 24 | $697.9M | $58.4M | ||
| Q2 24 | $809.1M | $49.5M |
毛利率PHMPRIM
| Q1 26 | — | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | 27.8% | 10.8% | ||
| Q2 25 | 28.6% | 12.3% | ||
| Q1 25 | 28.8% | 10.4% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | 30.4% | 12.0% | ||
| Q2 24 | 31.4% | 11.9% |
营业利润率PHMPRIM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 5.5% |
净利率PHMPRIM
| Q1 26 | 10.2% | — | ||
| Q4 25 | 10.9% | 2.8% | ||
| Q3 25 | 13.3% | 4.3% | ||
| Q2 25 | 13.8% | 4.5% | ||
| Q1 25 | 13.4% | 2.7% | ||
| Q4 24 | 18.6% | 3.1% | ||
| Q3 24 | 15.6% | 3.5% | ||
| Q2 24 | 17.6% | 3.2% |
每股收益（稀释后）PHMPRIM
| Q1 26 | — | — | ||
| Q4 25 | $2.56 | $0.94 | ||
| Q3 25 | $2.96 | $1.73 | ||
| Q2 25 | $3.03 | $1.54 | ||
| Q1 25 | $2.57 | $0.81 | ||
| Q4 24 | $4.41 | $0.98 | ||
| Q3 24 | $3.35 | $1.07 | ||
| Q2 24 | $3.83 | $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 | $1.8B | $535.5M |
| 总债务越低越好 | — | $469.9M |
| 股东权益账面价值 | $13.0B | $1.7B |
| 总资产 | $5.2B | $4.4B |
| 负债/权益比越低杠杆越低 | — | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资PHMPRIM
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.0B | $535.5M | ||
| Q3 25 | $1.5B | $431.4M | ||
| Q2 25 | $1.2B | $390.3M | ||
| Q1 25 | $1.2B | $351.6M | ||
| Q4 24 | $1.6B | $455.8M | ||
| Q3 24 | $1.4B | $352.7M | ||
| Q2 24 | $1.4B | $207.4M |
总债务PHMPRIM
| Q1 26 | — | — | ||
| Q4 25 | $43.9M | $469.9M | ||
| Q3 25 | — | $486.0M | ||
| Q2 25 | — | $603.1M | ||
| Q1 25 | — | $612.0M | ||
| Q4 24 | $31.1M | $734.8M | ||
| Q3 24 | — | $903.7M | ||
| Q2 24 | — | $933.0M |
股东权益PHMPRIM
| Q1 26 | $13.0B | — | ||
| Q4 25 | $13.0B | $1.7B | ||
| Q3 25 | $12.8B | $1.6B | ||
| Q2 25 | $12.6B | $1.5B | ||
| Q1 25 | $12.3B | $1.4B | ||
| Q4 24 | $12.1B | $1.4B | ||
| Q3 24 | $11.6B | $1.4B | ||
| Q2 24 | $11.2B | $1.3B |
总资产PHMPRIM
| Q1 26 | $5.2B | — | ||
| Q4 25 | $18.0B | $4.4B | ||
| Q3 25 | $17.9B | $4.6B | ||
| Q2 25 | $17.6B | $4.5B | ||
| Q1 25 | $17.3B | $4.2B | ||
| Q4 24 | $17.4B | $4.2B | ||
| Q3 24 | $17.0B | $4.2B | ||
| Q2 24 | $16.5B | $4.0B |
负债/权益比PHMPRIM
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | 0.28× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | 0.00× | 0.52× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 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 | $159.8M | $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 | 0.7% | 1.2% |
| 现金转化率经营现金流/净利润 | 0.46× | 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PHMPRIM
| Q1 26 | $159.8M | — | ||
| Q4 25 | $771.1M | $142.9M | ||
| Q3 25 | $678.4M | $182.9M | ||
| Q2 25 | $287.5M | $78.5M | ||
| Q1 25 | $134.2M | $66.2M | ||
| Q4 24 | $567.6M | $298.3M | ||
| Q3 24 | $455.9M | $222.5M | ||
| Q2 24 | $417.5M | $16.1M |
自由现金流PHMPRIM
| Q1 26 | — | — | ||
| Q4 25 | $739.8M | $121.1M | ||
| Q3 25 | $651.1M | $148.4M | ||
| Q2 25 | $253.0M | $45.3M | ||
| Q1 25 | $104.6M | $25.6M | ||
| Q4 24 | $543.1M | $270.0M | ||
| Q3 24 | $417.2M | $158.8M | ||
| Q2 24 | $386.2M | $-8.1M |
自由现金流率PHMPRIM
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 6.5% | ||
| Q3 25 | 14.8% | 6.8% | ||
| Q2 25 | 5.7% | 2.4% | ||
| Q1 25 | 2.7% | 1.6% | ||
| Q4 24 | 11.0% | 15.5% | ||
| Q3 24 | 9.3% | 9.6% | ||
| Q2 24 | 8.4% | -0.5% |
资本支出强度PHMPRIM
| Q1 26 | 0.7% | — | ||
| Q4 25 | 0.7% | 1.2% | ||
| Q3 25 | 0.6% | 1.6% | ||
| Q2 25 | 0.8% | 1.8% | ||
| Q1 25 | 0.8% | 2.5% | ||
| Q4 24 | 0.5% | 1.6% | ||
| Q3 24 | 0.9% | 3.9% | ||
| Q2 24 | 0.7% | 1.5% |
现金转化率PHMPRIM
| Q1 26 | 0.46× | — | ||
| Q4 25 | 1.54× | 2.76× | ||
| Q3 25 | 1.16× | 1.93× | ||
| Q2 25 | 0.47× | 0.93× | ||
| Q1 25 | 0.26× | 1.50× | ||
| Q4 24 | 0.62× | 5.53× | ||
| Q3 24 | 0.65× | 3.81× | ||
| Q2 24 | 0.52× | 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
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
