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Primoris Services Corp（PRIM）与QVC INC（QVCD）财务数据对比。点击上方公司名可切换其他公司
QVC INC的季度营收约是Primoris Services Corp的1.3倍（$2.4B vs $1.9B），Primoris Services Corp净利率更高（2.8% vs 1.5%，领先1.3%），Primoris Services Corp同比增速更快（6.7% vs -8.9%），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs 7.1%）
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。
QVC集团是一家美国媒体 conglomerate，由公司董事长约翰·C·马龙控股，马龙持有该集团多数有表决权股份，业务覆盖媒体相关领域，是美国颇具影响力的传媒企业集团。
PRIM vs QVCD — 直观对比
营收规模更大
QVCD
是对方的1.3倍
$1.9B
营收增速更快
PRIM
高出15.6%
-8.9%
净利率更高
PRIM
高出1.3%
1.5%
两年增速更快
PRIM
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.4B |
| 净利润 | $51.7M | $37.0M |
| 毛利率 | 9.4% | 32.5% |
| 营业利润率 | 4.2% | 5.6% |
| 净利率 | 2.8% | 1.5% |
| 营收同比 | 6.7% | -8.9% |
| 净利润同比 | -4.2% | 103.0% |
| 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PRIMQVCD
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $1.7B | $2.7B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.6B | $2.1B | ||
| Q1 24 | $1.4B | $2.1B |
净利润PRIMQVCD
| Q4 25 | $51.7M | $37.0M | ||
| Q3 25 | $94.6M | $2.0M | ||
| Q2 25 | $84.3M | $-2.2B | ||
| Q1 25 | $44.2M | $-42.0M | ||
| Q4 24 | $54.0M | $-1.2B | ||
| Q3 24 | $58.4M | $51.0M | ||
| Q2 24 | $49.5M | $53.0M | ||
| Q1 24 | $18.9M | $51.0M |
毛利率PRIMQVCD
| Q4 25 | 9.4% | 32.5% | ||
| Q3 25 | 10.8% | 33.6% | ||
| Q2 25 | 12.3% | 35.4% | ||
| Q1 25 | 10.4% | 33.3% | ||
| Q4 24 | 10.6% | 32.6% | ||
| Q3 24 | 12.0% | 34.7% | ||
| Q2 24 | 11.9% | 35.6% | ||
| Q1 24 | 9.4% | 35.0% |
营业利润率PRIMQVCD
| Q4 25 | 4.2% | 5.6% | ||
| Q3 25 | 6.3% | 4.6% | ||
| Q2 25 | 6.7% | -114.5% | ||
| Q1 25 | 4.3% | 1.5% | ||
| Q4 24 | 5.0% | -47.1% | ||
| Q3 24 | 6.0% | 7.8% | ||
| Q2 24 | 5.5% | 7.6% | ||
| Q1 24 | 3.1% | 7.4% |
净利率PRIMQVCD
| Q4 25 | 2.8% | 1.5% | ||
| Q3 25 | 4.3% | 0.1% | ||
| Q2 25 | 4.5% | -109.1% | ||
| Q1 25 | 2.7% | -2.2% | ||
| Q4 24 | 3.1% | -46.0% | ||
| Q3 24 | 3.5% | 2.4% | ||
| Q2 24 | 3.2% | 2.5% | ||
| Q1 24 | 1.3% | 2.4% |
每股收益（稀释后）PRIMQVCD
| Q4 25 | $0.94 | — | ||
| Q3 25 | $1.73 | — | ||
| Q2 25 | $1.54 | — | ||
| Q1 25 | $0.81 | — | ||
| Q4 24 | $0.98 | — | ||
| Q3 24 | $1.07 | — | ||
| Q2 24 | $0.91 | — | ||
| Q1 24 | $0.35 | — |
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 | $535.5M | $1.5B |
| 总债务越低越好 | $469.9M | $1.0M |
| 股东权益账面价值 | $1.7B | $1.2B |
| 总资产 | $4.4B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.28× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资PRIMQVCD
| Q4 25 | $535.5M | $1.5B | ||
| Q3 25 | $431.4M | — | ||
| Q2 25 | $390.3M | — | ||
| Q1 25 | $351.6M | — | ||
| Q4 24 | $455.8M | $297.0M | ||
| Q3 24 | $352.7M | $297.0M | ||
| Q2 24 | $207.4M | $315.0M | ||
| Q1 24 | $177.6M | $311.0M |
总债务PRIMQVCD
| Q4 25 | $469.9M | $1.0M | ||
| Q3 25 | $486.0M | $5.0B | ||
| Q2 25 | $603.1M | $4.0B | ||
| Q1 25 | $612.0M | $4.0B | ||
| Q4 24 | $734.8M | $3.3B | ||
| Q3 24 | $903.7M | $3.4B | ||
| Q2 24 | $933.0M | $3.7B | ||
| Q1 24 | $951.7M | $3.8B |
股东权益PRIMQVCD
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $3.3B | ||
| Q4 24 | $1.4B | $3.3B | ||
| Q3 24 | $1.4B | $4.6B | ||
| Q2 24 | $1.3B | $4.3B | ||
| Q1 24 | $1.2B | $4.2B |
总资产PRIMQVCD
| Q4 25 | $4.4B | $8.5B | ||
| Q3 25 | $4.6B | $8.3B | ||
| Q2 25 | $4.5B | $7.4B | ||
| Q1 25 | $4.2B | $9.7B | ||
| Q4 24 | $4.2B | $9.9B | ||
| Q3 24 | $4.2B | $9.9B | ||
| Q2 24 | $4.0B | $11.2B | ||
| Q1 24 | $4.0B | $11.4B |
负债/权益比PRIMQVCD
| Q4 25 | 0.28× | 0.00× | ||
| Q3 25 | 0.30× | 4.30× | ||
| Q2 25 | 0.39× | 3.42× | ||
| Q1 25 | 0.42× | 1.22× | ||
| Q4 24 | 0.52× | 1.01× | ||
| Q3 24 | 0.67× | 0.73× | ||
| Q2 24 | 0.72× | 0.87× | ||
| Q1 24 | 0.76× | 0.89× |
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 | $142.9M | $245.0M |
| 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 | 1.2% | — |
| 现金转化率经营现金流/净利润 | 2.76× | 6.62× |
| 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PRIMQVCD
| Q4 25 | $142.9M | $245.0M | ||
| Q3 25 | $182.9M | $76.0M | ||
| Q2 25 | $78.5M | $52.0M | ||
| Q1 25 | $66.2M | $46.0M | ||
| Q4 24 | $298.3M | $189.0M | ||
| Q3 24 | $222.5M | $98.0M | ||
| Q2 24 | $16.1M | $164.0M | ||
| Q1 24 | $-28.5M | $84.0M |
自由现金流PRIMQVCD
| Q4 25 | $121.1M | — | ||
| Q3 25 | $148.4M | — | ||
| Q2 25 | $45.3M | — | ||
| Q1 25 | $25.6M | — | ||
| Q4 24 | $270.0M | — | ||
| Q3 24 | $158.8M | — | ||
| Q2 24 | $-8.1M | — | ||
| Q1 24 | $-38.9M | — |
自由现金流率PRIMQVCD
| Q4 25 | 6.5% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | -0.5% | — | ||
| Q1 24 | -2.8% | — |
资本支出强度PRIMQVCD
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 0.7% | — |
现金转化率PRIMQVCD
| Q4 25 | 2.76× | 6.62× | ||
| Q3 25 | 1.93× | 38.00× | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.50× | — | ||
| Q4 24 | 5.53× | — | ||
| Q3 24 | 3.81× | 1.92× | ||
| Q2 24 | 0.32× | 3.09× | ||
| Q1 24 | -1.50× | 1.65× |
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
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
