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北极星（PII）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是Primo Brands Corp的1.1倍（$1.7B vs $1.6B），Primo Brands Corp净利率更高（-0.8% vs -2.8%，领先2.0%），Primo Brands Corp自由现金流更多（$57.3M vs $-342.5M）
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
PII vs PRMB — 直观对比
营收规模更大
PII
是对方的1.1倍
$1.6B
净利率更高
PRMB
高出2.0%
-2.8%
自由现金流更多
PRMB
多$399.8M
$-342.5M
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.6B |
| 净利润 | $-47.2M | $-13.0M |
| 毛利率 | 20.2% | 27.7% |
| 营业利润率 | 76.5% | 1.2% |
| 净利率 | -2.8% | -0.8% |
| 营收同比 | 8.0% | — |
| 净利润同比 | 29.0% | — |
| 每股收益（稀释后） | $-0.83 | $-0.03 |
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PIIPRMB
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $1.6B | ||
| Q3 25 | $1.8B | $1.8B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.7B | $0 | ||
| Q2 24 | $2.0B | $1.3B |
净利润PIIPRMB
| Q1 26 | $-47.2M | — | ||
| Q4 25 | $-303.6M | $-13.0M | ||
| Q3 25 | $-15.8M | $16.8M | ||
| Q2 25 | $-79.3M | $27.6M | ||
| Q1 25 | $-66.8M | $28.7M | ||
| Q4 24 | $10.6M | — | ||
| Q3 24 | $27.7M | $-2.0K | ||
| Q2 24 | $68.7M | $54.5M |
毛利率PIIPRMB
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | 27.7% | ||
| Q3 25 | 20.7% | 29.9% | ||
| Q2 25 | 19.4% | 31.3% | ||
| Q1 25 | 16.0% | 32.3% | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 21.6% | 32.7% |
营业利润率PIIPRMB
| Q1 26 | 76.5% | — | ||
| Q4 25 | -16.7% | 1.2% | ||
| Q3 25 | 1.1% | 8.3% | ||
| Q2 25 | -0.7% | 6.5% | ||
| Q1 25 | -2.4% | 9.5% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 6.1% | 12.1% |
净利率PIIPRMB
| Q1 26 | -2.8% | — | ||
| Q4 25 | -15.8% | -0.8% | ||
| Q3 25 | -0.9% | 1.0% | ||
| Q2 25 | -4.3% | 1.6% | ||
| Q1 25 | -4.3% | 1.8% | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 3.5% | 4.1% |
每股收益（稀释后）PIIPRMB
| Q1 26 | $-0.83 | — | ||
| Q4 25 | $-5.34 | $-0.03 | ||
| Q3 25 | $-0.28 | $0.04 | ||
| Q2 25 | $-1.39 | $0.07 | ||
| Q1 25 | $-1.17 | $0.08 | ||
| Q4 24 | $0.18 | — | ||
| Q3 24 | $0.49 | $-20.00 | ||
| Q2 24 | $1.21 | $0.25 |
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 | $282.0M | $376.7M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $750.4M | $3.0B |
| 总资产 | $5.2B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资PIIPRMB
| Q1 26 | $282.0M | — | ||
| Q4 25 | $138.0M | $376.7M | ||
| Q3 25 | $335.5M | — | ||
| Q2 25 | $324.3M | — | ||
| Q1 25 | $291.7M | — | ||
| Q4 24 | $287.8M | — | ||
| Q3 24 | $291.3M | — | ||
| Q2 24 | $322.7M | — |
总债务PIIPRMB
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $5.2B | ||
| Q3 25 | $1.3B | $5.1B | ||
| Q2 25 | $1.4B | $5.1B | ||
| Q1 25 | $1.6B | $5.0B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $2.1B | — |
股东权益PIIPRMB
| Q1 26 | $750.4M | — | ||
| Q4 25 | $828.4M | $3.0B | ||
| Q3 25 | $1.1B | $3.2B | ||
| Q2 25 | $1.2B | $3.2B | ||
| Q1 25 | $1.2B | $3.3B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $-2.0K | ||
| Q2 24 | $1.3B | $-296.8M |
总资产PIIPRMB
| Q1 26 | $5.2B | — | ||
| Q4 25 | $4.9B | $10.6B | ||
| Q3 25 | $5.3B | $11.0B | ||
| Q2 25 | $5.4B | $11.0B | ||
| Q1 25 | $5.5B | $11.0B | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $5.6B | $0 | ||
| Q2 24 | $5.7B | — |
负债/权益比PIIPRMB
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 1.72× | ||
| Q3 25 | 1.13× | 1.61× | ||
| Q2 25 | 1.17× | 1.57× | ||
| Q1 25 | 1.32× | 1.51× | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.56× | — |
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 | — | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | $57.3M |
| 自由现金流率自由现金流/营收 | -20.6% | 3.7% |
| 资本支出强度资本支出/营收 | — | 9.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $168.0M | $302.9M |
8季度趋势，按日历期对齐
经营现金流PIIPRMB
| Q1 26 | — | — | ||
| Q4 25 | $178.7M | $203.1M | ||
| Q3 25 | $158.8M | $283.4M | ||
| Q2 25 | $320.3M | $155.0M | ||
| Q1 25 | $83.2M | $38.8M | ||
| Q4 24 | $206.3M | — | ||
| Q3 24 | $21.0M | $0 | ||
| Q2 24 | $146.3M | $102.5M |
自由现金流PIIPRMB
| Q1 26 | $-342.5M | — | ||
| Q4 25 | $114.0M | $57.3M | ||
| Q3 25 | $116.7M | $167.7M | ||
| Q2 25 | $279.8M | $101.1M | ||
| Q1 25 | $47.6M | $-23.2M | ||
| Q4 24 | $137.3M | — | ||
| Q3 24 | $-32.4M | — | ||
| Q2 24 | $79.1M | $61.4M |
自由现金流率PIIPRMB
| Q1 26 | -20.6% | — | ||
| Q4 25 | 5.9% | 3.7% | ||
| Q3 25 | 6.3% | 9.5% | ||
| Q2 25 | 15.1% | 5.8% | ||
| Q1 25 | 3.1% | -1.4% | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | -1.9% | — | ||
| Q2 24 | 4.0% | 4.7% |
资本支出强度PIIPRMB
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 9.4% | ||
| Q3 25 | 2.3% | 6.6% | ||
| Q2 25 | 2.2% | 3.1% | ||
| Q1 25 | 2.3% | 3.8% | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 3.1% | — | ||
| Q2 24 | 3.4% | 3.1% |
现金转化率PIIPRMB
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 16.87× | ||
| Q2 25 | — | 5.62× | ||
| Q1 25 | — | 1.35× | ||
| Q4 24 | 19.46× | — | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 2.13× | 1.88× |
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
PII
暂无分部数据
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
