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先锋自然资源公司（PR）与TUTOR PERINI CORP（TPC）财务数据对比。点击上方公司名可切换其他公司
TUTOR PERINI CORP的季度营收约是先锋自然资源公司的1.3倍（$1.5B vs $1.2B），先锋自然资源公司净利率更高（29.0% vs 1.9%，领先27.1%），TUTOR PERINI CORP同比增速更快（41.2% vs -9.8%），过去两年TUTOR PERINI CORP的营收复合增速更高（19.9% vs -3.0%）
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
Tutor Perini集团是美国顶尖的大型总承包商之一，2008年由Perini公司与Tutor-Saliba公司合并成立，总部位于加利福尼亚州西尔马。公司业务覆盖北美全境，2024年营收约43.3亿美元，核心业务涵盖桥梁、公路、隧道、机场、公共交通系统等民用基建项目，同时也涉足建筑工程领域。
PR vs TPC — 直观对比
营收规模更大
TPC
是对方的1.3倍
$1.2B
营收增速更快
TPC
高出51.0%
-9.8%
净利率更高
PR
高出27.1%
1.9%
两年增速更快
TPC
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.5B |
| 净利润 | $339.5M | $28.8M |
| 毛利率 | — | 9.8% |
| 营业利润率 | 23.1% | 3.3% |
| 净利率 | 29.0% | 1.9% |
| 营收同比 | -9.8% | 41.2% |
| 净利润同比 | 56.7% | 136.3% |
| 每股收益（稀释后） | $0.48 | $0.53 |
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PRTPC
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.2B | $1.0B |
净利润PRTPC
| Q4 25 | $339.5M | $28.8M | ||
| Q3 25 | $59.2M | $3.6M | ||
| Q2 25 | $207.1M | $20.0M | ||
| Q1 25 | $329.3M | $28.0M | ||
| Q4 24 | $216.7M | $-79.4M | ||
| Q3 24 | $386.4M | $-100.9M | ||
| Q2 24 | $235.1M | $812.0K | ||
| Q1 24 | $146.6M | $15.8M |
毛利率PRTPC
| Q4 25 | — | 9.8% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | -0.9% | ||
| Q3 24 | — | -2.4% | ||
| Q2 24 | — | 10.4% | ||
| Q1 24 | — | 11.0% |
营业利润率PRTPC
| Q4 25 | 23.1% | 3.3% | ||
| Q3 25 | 29.6% | 2.8% | ||
| Q2 25 | 24.8% | 5.6% | ||
| Q1 25 | 36.6% | 5.2% | ||
| Q4 24 | 32.8% | -8.1% | ||
| Q3 24 | 32.5% | -9.9% | ||
| Q2 24 | 36.5% | 3.6% | ||
| Q1 24 | 37.7% | 4.7% |
净利率PRTPC
| Q4 25 | 29.0% | 1.9% | ||
| Q3 25 | 4.5% | 0.3% | ||
| Q2 25 | 17.3% | 1.5% | ||
| Q1 25 | 23.9% | 2.2% | ||
| Q4 24 | 16.7% | -7.4% | ||
| Q3 24 | 31.8% | -9.3% | ||
| Q2 24 | 18.9% | 0.1% | ||
| Q1 24 | 11.8% | 1.5% |
每股收益（稀释后）PRTPC
| Q4 25 | $0.48 | $0.53 | ||
| Q3 25 | $0.08 | $0.07 | ||
| Q2 25 | $0.28 | $0.38 | ||
| Q1 25 | $0.44 | $0.53 | ||
| Q4 24 | $0.31 | $-1.53 | ||
| Q3 24 | $0.53 | $-1.92 | ||
| Q2 24 | $0.36 | $0.02 | ||
| Q1 24 | $0.25 | $0.30 |
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 | $153.7M | $734.6M |
| 总债务越低越好 | $3.5B | $407.4M |
| 股东权益账面价值 | $10.3B | $1.2B |
| 总资产 | $17.9B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.34× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资PRTPC
| Q4 25 | $153.7M | $734.6M | ||
| Q3 25 | $111.8M | $695.7M | ||
| Q2 25 | $451.0M | $526.1M | ||
| Q1 25 | $702.2M | $276.5M | ||
| Q4 24 | $479.3M | $455.1M | ||
| Q3 24 | $272.0M | $287.4M | ||
| Q2 24 | $47.8M | $267.1M | ||
| Q1 24 | $12.7M | $358.3M |
总债务PRTPC
| Q4 25 | $3.5B | $407.4M | ||
| Q3 25 | $3.5B | $413.1M | ||
| Q2 25 | $4.0B | $419.4M | ||
| Q1 25 | $4.0B | $405.6M | ||
| Q4 24 | $4.2B | $534.1M | ||
| Q3 24 | $4.2B | $681.4M | ||
| Q2 24 | $3.9B | $676.4M | ||
| Q1 24 | $3.9B | $801.2M |
股东权益PRTPC
| Q4 25 | $10.3B | $1.2B | ||
| Q3 25 | $10.0B | $1.2B | ||
| Q2 25 | $9.5B | $1.2B | ||
| Q1 25 | $9.4B | $1.2B | ||
| Q4 24 | $9.1B | $1.1B | ||
| Q3 24 | $9.0B | $1.2B | ||
| Q2 24 | $8.3B | $1.3B | ||
| Q1 24 | $7.0B | $1.3B |
总资产PRTPC
| Q4 25 | $17.9B | $5.2B | ||
| Q3 25 | $17.3B | $5.2B | ||
| Q2 25 | $17.5B | $4.9B | ||
| Q1 25 | $17.1B | $4.5B | ||
| Q4 24 | $16.9B | $4.2B | ||
| Q3 24 | $16.6B | $4.4B | ||
| Q2 24 | $15.4B | $4.3B | ||
| Q1 24 | $15.1B | $4.4B |
负债/权益比PRTPC
| Q4 25 | 0.34× | 0.33× | ||
| Q3 25 | 0.35× | 0.35× | ||
| Q2 25 | 0.42× | 0.35× | ||
| Q1 25 | 0.43× | 0.35× | ||
| Q4 24 | 0.46× | 0.47× | ||
| Q3 24 | 0.47× | 0.56× | ||
| Q2 24 | 0.46× | 0.52× | ||
| Q1 24 | 0.56× | 0.61× |
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 | $904.3M | $173.7M |
| 自由现金流经营现金流 - 资本支出 | — | $98.7M |
| 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 | — | 5.0% |
| 现金转化率经营现金流/净利润 | 2.66× | 6.02× |
| 过去12个月自由现金流最近4个季度 | — | $567.2M |
8季度趋势，按日历期对齐
经营现金流PRTPC
| Q4 25 | $904.3M | $173.7M | ||
| Q3 25 | $766.5M | $289.1M | ||
| Q2 25 | $1.0B | $262.4M | ||
| Q1 25 | $898.0M | $22.9M | ||
| Q4 24 | $871.6M | $329.6M | ||
| Q3 24 | $954.4M | $22.6M | ||
| Q2 24 | $938.4M | $53.1M | ||
| Q1 24 | $647.6M | $98.3M |
自由现金流PRTPC
| Q4 25 | — | $98.7M | ||
| Q3 25 | — | $240.2M | ||
| Q2 25 | — | $235.6M | ||
| Q1 25 | — | $-7.2M | ||
| Q4 24 | — | $320.4M | ||
| Q3 24 | — | $15.6M | ||
| Q2 24 | — | $42.2M | ||
| Q1 24 | — | $87.8M |
自由现金流率PRTPC
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | -0.6% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | 8.4% |
资本支出强度PRTPC
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.0% |
现金转化率PRTPC
| Q4 25 | 2.66× | 6.02× | ||
| Q3 25 | 12.94× | 79.63× | ||
| Q2 25 | 5.01× | 13.14× | ||
| Q1 25 | 2.73× | 0.82× | ||
| Q4 24 | 4.02× | — | ||
| Q3 24 | 2.47× | — | ||
| Q2 24 | 3.99× | 65.44× | ||
| Q1 24 | 4.42× | 6.24× |
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
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
TPC
| State And Local Agencies | $591.1M | 39% |
| Mass Transit | $449.9M | 30% |
| Federal Agencies | $115.0M | 8% |
| Bridges | $100.5M | 7% |
| Military Facilities | $93.1M | 6% |
| Commercial And Industrial Facilities | $46.7M | 3% |
| Detention Facilities | $43.8M | 3% |
| Power And Energy | $35.8M | 2% |
| Multi Unit Residential | $25.9M | 2% |
| Education Facilities | $12.0M | 1% |
| Water | $3.6M | 0% |
