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滨特尔（PNR）与ADVANCED DRAINAGE SYSTEMS, INC.（WMS）财务数据对比。点击上方公司名可切换其他公司
滨特尔的季度营收约是ADVANCED DRAINAGE SYSTEMS, INC.的1.5倍（$1.0B vs $693.4M），滨特尔净利率更高（16.6% vs 13.5%，领先3.1%），滨特尔同比增速更快（2.6% vs 0.4%），ADVANCED DRAINAGE SYSTEMS, INC.自由现金流更多（$183.6M vs $-85.7M），过去两年ADVANCED DRAINAGE SYSTEMS, INC.的营收复合增速更高（3.0% vs -2.9%）
滨特尔（股票代码PNR）是知名水处理企业，注册地位于爱尔兰，税务居民身份归属英国，美国区总部设于明尼苏达州金谷市。品牌起源于美国，2017年数据显示其65%的营收来自美国和加拿大，2014年集团完成架构重组，注册地由瑞士变更为爱尔兰。
Advanced Drainage Systems（简称ADS）是一家美国企业，主营聚丙烯、聚乙烯管材，塑料渗滤场系统、化粪池及配套配件、雨水调蓄设施、PVC排水构件、管件、水过滤与分离设备的设计、生产及销售，是美国规模最大的高密度聚乙烯管道生产商，总部位于俄亥俄州希利厄德。
PNR vs WMS — 直观对比
营收规模更大
PNR
是对方的1.5倍
$693.4M
营收增速更快
PNR
高出2.2%
0.4%
净利率更高
PNR
高出3.1%
13.5%
自由现金流更多
WMS
多$269.3M
$-85.7M
两年增速更快
WMS
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $693.4M |
| 净利润 | $172.4M | $93.6M |
| 毛利率 | 41.8% | 37.4% |
| 营业利润率 | 20.3% | 19.7% |
| 净利率 | 16.6% | 13.5% |
| 营收同比 | 2.6% | 0.4% |
| 净利润同比 | 11.3% | 15.3% |
| 每股收益（稀释后） | — | $1.19 |
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PNRWMS
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $693.4M | ||
| Q3 25 | $1.0B | $850.4M | ||
| Q2 25 | $1.1B | $829.9M | ||
| Q1 25 | $1.0B | $615.8M | ||
| Q4 24 | $972.9M | $690.5M | ||
| Q3 24 | $993.4M | $782.6M | ||
| Q2 24 | $1.1B | $815.3M |
净利润PNRWMS
| Q1 26 | $172.4M | — | ||
| Q4 25 | $166.1M | $93.6M | ||
| Q3 25 | $184.3M | $156.0M | ||
| Q2 25 | $148.5M | $143.9M | ||
| Q1 25 | $154.9M | $77.2M | ||
| Q4 24 | $166.4M | $81.2M | ||
| Q3 24 | $139.6M | $130.4M | ||
| Q2 24 | $186.1M | $161.4M |
毛利率PNRWMS
| Q1 26 | 41.8% | — | ||
| Q4 25 | 40.4% | 37.4% | ||
| Q3 25 | 41.0% | 40.0% | ||
| Q2 25 | 40.7% | 39.8% | ||
| Q1 25 | 39.9% | 36.7% | ||
| Q4 24 | 38.8% | 35.0% | ||
| Q3 24 | 39.6% | 37.6% | ||
| Q2 24 | 39.8% | 40.8% |
营业利润率PNRWMS
| Q1 26 | 20.3% | — | ||
| Q4 25 | 20.1% | 19.7% | ||
| Q3 25 | 22.7% | 26.3% | ||
| Q2 25 | 19.4% | 24.8% | ||
| Q1 25 | 20.1% | 19.0% | ||
| Q4 24 | 20.1% | 18.4% | ||
| Q3 24 | 18.1% | 23.9% | ||
| Q2 24 | 22.6% | 27.7% |
净利率PNRWMS
| Q1 26 | 16.6% | — | ||
| Q4 25 | 16.3% | 13.5% | ||
| Q3 25 | 18.0% | 18.3% | ||
| Q2 25 | 13.2% | 17.3% | ||
| Q1 25 | 15.3% | 12.5% | ||
| Q4 24 | 17.1% | 11.8% | ||
| Q3 24 | 14.1% | 16.7% | ||
| Q2 24 | 16.9% | 19.8% |
每股收益（稀释后）PNRWMS
| Q1 26 | — | — | ||
| Q4 25 | $1.01 | $1.19 | ||
| Q3 25 | $1.12 | $1.99 | ||
| Q2 25 | $0.90 | $1.84 | ||
| Q1 25 | $0.93 | $0.99 | ||
| Q4 24 | $0.99 | $1.04 | ||
| Q3 24 | $0.84 | $1.67 | ||
| Q2 24 | $1.11 | $2.06 |
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 | $67.7M | $1.0B |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $3.8B | $1.9B |
| 总资产 | $7.1B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资PNRWMS
| Q1 26 | $67.7M | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | $128.4M | $812.9M | ||
| Q2 25 | $143.0M | $638.3M | ||
| Q1 25 | $140.6M | $463.3M | ||
| Q4 24 | $118.7M | $488.9M | ||
| Q3 24 | $218.1M | $613.0M | ||
| Q2 24 | $214.3M | $541.6M |
总债务PNRWMS
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — |
股东权益PNRWMS
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.9B | $1.9B | ||
| Q3 25 | $3.8B | $1.8B | ||
| Q2 25 | $3.7B | $1.7B | ||
| Q1 25 | $3.6B | $1.5B | ||
| Q4 24 | $3.6B | $1.5B | ||
| Q3 24 | $3.5B | $1.4B | ||
| Q2 24 | $3.4B | $1.3B |
总资产PNRWMS
| Q1 26 | $7.1B | — | ||
| Q4 25 | $6.9B | $4.1B | ||
| Q3 25 | $6.8B | $4.1B | ||
| Q2 25 | $6.5B | $3.9B | ||
| Q1 25 | $6.7B | $3.7B | ||
| Q4 24 | $6.4B | $3.6B | ||
| Q3 24 | $6.5B | $3.5B | ||
| Q2 24 | $6.5B | $3.4B |
负债/权益比PNRWMS
| Q1 26 | 0.51× | — | ||
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.51× | 0.83× | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.51× | — |
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 | — | $269.3M |
| 自由现金流经营现金流 - 资本支出 | $-85.7M | $183.6M |
| 自由现金流率自由现金流/营收 | -8.3% | 26.5% |
| 资本支出强度资本支出/营收 | 1.8% | 12.4% |
| 现金转化率经营现金流/净利润 | — | 2.88× |
| 过去12个月自由现金流最近4个季度 | $716.0M | $577.1M |
8季度趋势，按日历期对齐
经营现金流PNRWMS
| Q1 26 | — | — | ||
| Q4 25 | $50.8M | $269.3M | ||
| Q3 25 | $196.3M | $234.9M | ||
| Q2 25 | $606.6M | $275.0M | ||
| Q1 25 | $-38.9M | $41.2M | ||
| Q4 24 | $86.5M | $189.9M | ||
| Q3 24 | $248.6M | $166.9M | ||
| Q2 24 | $539.2M | $183.4M |
自由现金流PNRWMS
| Q1 26 | $-85.7M | — | ||
| Q4 25 | $27.1M | $183.6M | ||
| Q3 25 | $178.9M | $176.4M | ||
| Q2 25 | $595.7M | $222.4M | ||
| Q1 25 | $-55.7M | $-5.3M | ||
| Q4 24 | $63.8M | $135.7M | ||
| Q3 24 | $233.2M | $112.4M | ||
| Q2 24 | $522.2M | $125.7M |
自由现金流率PNRWMS
| Q1 26 | -8.3% | — | ||
| Q4 25 | 2.7% | 26.5% | ||
| Q3 25 | 17.5% | 20.7% | ||
| Q2 25 | 53.0% | 26.8% | ||
| Q1 25 | -5.5% | -0.9% | ||
| Q4 24 | 6.6% | 19.7% | ||
| Q3 24 | 23.5% | 14.4% | ||
| Q2 24 | 47.5% | 15.4% |
资本支出强度PNRWMS
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.3% | 12.4% | ||
| Q3 25 | 1.7% | 6.9% | ||
| Q2 25 | 1.0% | 6.3% | ||
| Q1 25 | 1.7% | 7.6% | ||
| Q4 24 | 2.3% | 7.9% | ||
| Q3 24 | 1.6% | 7.0% | ||
| Q2 24 | 1.5% | 7.1% |
现金转化率PNRWMS
| Q1 26 | — | — | ||
| Q4 25 | 0.31× | 2.88× | ||
| Q3 25 | 1.07× | 1.51× | ||
| Q2 25 | 4.08× | 1.91× | ||
| Q1 25 | -0.25× | 0.53× | ||
| Q4 24 | 0.52× | 2.34× | ||
| Q3 24 | 1.78× | 1.28× | ||
| Q2 24 | 2.90× | 1.14× |
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
PNR
| Water Solutions | $391.0M | 38% |
| Pool | $387.1M | 37% |
| Flow | $258.1M | 25% |
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
