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百利高（PRGO）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
Primo Brands Corp的季度营收约是百利高的1.5倍（$1.6B vs $1.1B），Primo Brands Corp净利率更高（1.7% vs -127.8%，领先129.5%），Primo Brands Corp同比增速更快（0.8% vs -2.5%），过去两年Primo Brands Corp的营收复合增速更高（19.7% vs 1.3%）
百利高（Perrigo）是一家注册于爱尔兰的非处方仿制药生产商，主打自有品牌OTC药品业务。公司70%的净销售额来自美国医疗市场，为优化税务布局将法定总部设在爱尔兰，该地区销售额仅占总营收的0.6%，2013年曾完成美国历史上第六大企业税收倒置交易。
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。
PRGO vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.5倍
$1.1B
营收增速更快
PRMB
高出3.3%
-2.5%
净利率更高
PRMB
高出129.5%
-127.8%
两年增速更快
PRMB
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.6B |
| 净利润 | $-1.4B | $27.3M |
| 毛利率 | 32.6% | 28.6% |
| 营业利润率 | -116.0% | 8.5% |
| 净利率 | -127.8% | 1.7% |
| 营收同比 | -2.5% | 0.8% |
| 净利润同比 | -3093.9% | -4.9% |
| 每股收益（稀释后） | $-10.23 | $0.07 |
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PRGOPRMB
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $0 | ||
| Q2 24 | $1.1B | $1.3B |
净利润PRGOPRMB
| Q1 26 | — | $27.3M | ||
| Q4 25 | $-1.4B | $-13.0M | ||
| Q3 25 | $7.5M | $16.8M | ||
| Q2 25 | $-8.4M | $27.6M | ||
| Q1 25 | $-6.4M | $28.7M | ||
| Q4 24 | $-44.4M | — | ||
| Q3 24 | $-21.0M | $-2.0K | ||
| Q2 24 | $-108.4M | $54.5M |
毛利率PRGOPRMB
| Q1 26 | — | 28.6% | ||
| Q4 25 | 32.6% | 27.7% | ||
| Q3 25 | 36.1% | 29.9% | ||
| Q2 25 | 34.4% | 31.3% | ||
| Q1 25 | 37.6% | 32.3% | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 37.2% | — | ||
| Q2 24 | 37.0% | 32.7% |
营业利润率PRGOPRMB
| Q1 26 | — | 8.5% | ||
| Q4 25 | -116.0% | 1.2% | ||
| Q3 25 | 7.0% | 8.3% | ||
| Q2 25 | 4.3% | 6.5% | ||
| Q1 25 | 4.5% | 9.5% | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 7.4% | — | ||
| Q2 24 | -2.5% | 12.1% |
净利率PRGOPRMB
| Q1 26 | — | 1.7% | ||
| Q4 25 | -127.8% | -0.8% | ||
| Q3 25 | 0.7% | 1.0% | ||
| Q2 25 | -0.8% | 1.6% | ||
| Q1 25 | -0.6% | 1.8% | ||
| Q4 24 | -3.9% | — | ||
| Q3 24 | -1.9% | — | ||
| Q2 24 | -10.2% | 4.1% |
每股收益（稀释后）PRGOPRMB
| Q1 26 | — | $0.07 | ||
| Q4 25 | $-10.23 | $-0.03 | ||
| Q3 25 | $0.05 | $0.04 | ||
| Q2 25 | $-0.06 | $0.07 | ||
| Q1 25 | $-0.05 | $0.08 | ||
| Q4 24 | $-0.32 | — | ||
| Q3 24 | $-0.15 | $-20.00 | ||
| Q2 24 | $-0.79 | $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 | — | — |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $2.9B | $3.0B |
| 总资产 | $8.5B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 1.74× |
8季度趋势，按日历期对齐
现金及短期投资PRGOPRMB
| Q1 26 | — | — | ||
| Q4 25 | — | $376.7M | ||
| Q3 25 | $432.1M | — | ||
| Q2 25 | $454.2M | — | ||
| Q1 25 | $409.9M | — | ||
| Q4 24 | $558.8M | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $542.8M | — |
总债务PRGOPRMB
| Q1 26 | — | $5.2B | ||
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PRGOPRMB
| Q1 26 | — | $3.0B | ||
| Q4 25 | $2.9B | $3.0B | ||
| Q3 25 | $4.4B | $3.2B | ||
| Q2 25 | $4.5B | $3.2B | ||
| Q1 25 | $4.4B | $3.3B | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.6B | $-2.0K | ||
| Q2 24 | $4.5B | $-296.8M |
总资产PRGOPRMB
| Q1 26 | — | $10.6B | ||
| Q4 25 | $8.5B | $10.6B | ||
| Q3 25 | $10.1B | $11.0B | ||
| Q2 25 | $10.1B | $11.0B | ||
| Q1 25 | $9.8B | $11.0B | ||
| Q4 24 | $9.6B | — | ||
| Q3 24 | $11.2B | $0 | ||
| Q2 24 | $10.4B | — |
负债/权益比PRGOPRMB
| Q1 26 | — | 1.74× | ||
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $175.4M | $103.8M |
| 自由现金流经营现金流 - 资本支出 | $148.6M | — |
| 自由现金流率自由现金流/营收 | 13.4% | — |
| 资本支出强度资本支出/营收 | 2.4% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 3.80× |
| 过去12个月自由现金流最近4个季度 | $145.1M | — |
8季度趋势，按日历期对齐
经营现金流PRGOPRMB
| Q1 26 | — | $103.8M | ||
| Q4 25 | $175.4M | $203.1M | ||
| Q3 25 | $51.7M | $283.4M | ||
| Q2 25 | $75.9M | $155.0M | ||
| Q1 25 | $-64.5M | $38.8M | ||
| Q4 24 | $312.6M | — | ||
| Q3 24 | $42.2M | $0 | ||
| Q2 24 | $9.5M | $102.5M |
自由现金流PRGOPRMB
| Q1 26 | — | — | ||
| Q4 25 | $148.6M | $57.3M | ||
| Q3 25 | $29.8M | $167.7M | ||
| Q2 25 | $56.7M | $101.1M | ||
| Q1 25 | $-90.0M | $-23.2M | ||
| Q4 24 | $274.9M | — | ||
| Q3 24 | $15.1M | — | ||
| Q2 24 | $-18.9M | $61.4M |
自由现金流率PRGOPRMB
| Q1 26 | — | — | ||
| Q4 25 | 13.4% | 3.7% | ||
| Q3 25 | 2.9% | 9.5% | ||
| Q2 25 | 5.4% | 5.8% | ||
| Q1 25 | -8.6% | -1.4% | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | -1.8% | 4.7% |
资本支出强度PRGOPRMB
| Q1 26 | — | 2.9% | ||
| Q4 25 | 2.4% | 9.4% | ||
| Q3 25 | 2.1% | 6.6% | ||
| Q2 25 | 1.8% | 3.1% | ||
| Q1 25 | 2.4% | 3.8% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 2.7% | 3.1% |
现金转化率PRGOPRMB
| Q1 26 | — | 3.80× | ||
| Q4 25 | — | — | ||
| Q3 25 | 6.89× | 16.87× | ||
| Q2 25 | — | 5.62× | ||
| Q1 25 | — | 1.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 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
PRGO
| Consumer Self Care Americas | $697.0M | 63% |
| Digestive Health | $123.9M | 11% |
| Nutrition | $108.3M | 10% |
| Healthy Lifestyle | $94.8M | 9% |
| Pain And Sleep Aids | $87.1M | 8% |
PRMB
| Regional spring water | $801.2M | 49% |
| Purified water | $511.2M | 31% |
| Other | $208.2M | 13% |
| Premium water | $105.5M | 6% |
