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Primoris Services Corp（PRIM）与QVC Group, Inc.（QVCGA）财务数据对比。点击上方公司名可切换其他公司
QVC Group, Inc.的季度营收约是Primoris Services Corp的1.4倍（$2.7B vs $1.9B），Primoris Services Corp净利率更高（2.8% vs -1.4%，领先4.2%），Primoris Services Corp同比增速更快（6.7% vs -9.1%），QVC Group, Inc.自由现金流更多（$191.0M vs $121.1M），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs 6.9%）
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 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
PRIM vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.4倍
$1.9B
营收增速更快
PRIM
高出15.8%
-9.1%
净利率更高
PRIM
高出4.2%
-1.4%
自由现金流更多
QVCGA
多$69.9M
$121.1M
两年增速更快
PRIM
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.7B |
| 净利润 | $51.7M | $-37.0M |
| 毛利率 | 9.4% | 32.9% |
| 营业利润率 | 4.2% | 3.7% |
| 净利率 | 2.8% | -1.4% |
| 营收同比 | 6.7% | -9.1% |
| 净利润同比 | -4.2% | 97.1% |
| 每股收益（稀释后） | $0.94 | $-17.37 |
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PRIMQVCGA
| Q4 25 | $1.9B | $2.7B | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $1.7B | $2.9B | ||
| Q3 24 | $1.6B | $2.3B | ||
| Q2 24 | $1.6B | $2.4B | ||
| Q1 24 | $1.4B | $2.3B |
净利润PRIMQVCGA
| Q4 25 | $51.7M | $-37.0M | ||
| Q3 25 | $94.6M | $-80.0M | ||
| Q2 25 | $84.3M | $-2.2B | ||
| Q1 25 | $44.2M | $-100.0M | ||
| Q4 24 | $54.0M | $-1.3B | ||
| Q3 24 | $58.4M | $-23.0M | ||
| Q2 24 | $49.5M | $20.0M | ||
| Q1 24 | $18.9M | $-1.0M |
毛利率PRIMQVCGA
| Q4 25 | 9.4% | 32.9% | ||
| Q3 25 | 10.8% | 34.0% | ||
| Q2 25 | 12.3% | 36.4% | ||
| Q1 25 | 10.4% | 34.2% | ||
| Q4 24 | 10.6% | 33.3% | ||
| Q3 24 | 12.0% | 35.3% | ||
| Q2 24 | 11.9% | 36.4% | ||
| Q1 24 | 9.4% | 35.5% |
营业利润率PRIMQVCGA
| Q4 25 | 4.2% | 3.7% | ||
| Q3 25 | 6.3% | 2.7% | ||
| Q2 25 | 6.7% | -101.6% | ||
| Q1 25 | 4.3% | 0.7% | ||
| Q4 24 | 5.0% | -43.2% | ||
| Q3 24 | 6.0% | 6.5% | ||
| Q2 24 | 5.5% | 6.9% | ||
| Q1 24 | 3.1% | 6.2% |
净利率PRIMQVCGA
| Q4 25 | 2.8% | -1.4% | ||
| Q3 25 | 4.3% | -3.6% | ||
| Q2 25 | 4.5% | -99.4% | ||
| Q1 25 | 2.7% | -4.8% | ||
| Q4 24 | 3.1% | -43.7% | ||
| Q3 24 | 3.5% | -1.0% | ||
| Q2 24 | 3.2% | 0.8% | ||
| Q1 24 | 1.3% | -0.0% |
每股收益（稀释后）PRIMQVCGA
| Q4 25 | $0.94 | $-17.37 | ||
| Q3 25 | $1.73 | $-9.89 | ||
| Q2 25 | $1.54 | $-275.46 | ||
| Q1 25 | $0.81 | $-0.25 | ||
| Q4 24 | $0.98 | — | ||
| Q3 24 | $1.07 | $-0.06 | ||
| Q2 24 | $0.91 | $2.57 | ||
| 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 | $2.0B |
| 总债务越低越好 | $469.9M | $790.0M |
| 股东权益账面价值 | $1.7B | $-3.1B |
| 总资产 | $4.4B | $7.6B |
| 负债/权益比越低杠杆越低 | 0.28× | — |
8季度趋势，按日历期对齐
现金及短期投资PRIMQVCGA
| Q4 25 | $535.5M | $2.0B | ||
| Q3 25 | $431.4M | $1.8B | ||
| Q2 25 | $390.3M | $897.0M | ||
| Q1 25 | $351.6M | $833.0M | ||
| Q4 24 | $455.8M | $905.0M | ||
| Q3 24 | $352.7M | $873.0M | ||
| Q2 24 | $207.4M | $1.2B | ||
| Q1 24 | $177.6M | $1.1B |
总债务PRIMQVCGA
| Q4 25 | $469.9M | $790.0M | ||
| Q3 25 | $486.0M | $5.9B | ||
| Q2 25 | $603.1M | $4.9B | ||
| Q1 25 | $612.0M | $5.0B | ||
| Q4 24 | $734.8M | $4.1B | ||
| Q3 24 | $903.7M | $5.1B | ||
| Q2 24 | $933.0M | $5.3B | ||
| Q1 24 | $951.7M | $5.5B |
股东权益PRIMQVCGA
| Q4 25 | $1.7B | $-3.1B | ||
| Q3 25 | $1.6B | $-3.1B | ||
| Q2 25 | $1.5B | $-3.0B | ||
| Q1 25 | $1.4B | $-981.0M | ||
| Q4 24 | $1.4B | $-971.0M | ||
| Q3 24 | $1.4B | $397.0M | ||
| Q2 24 | $1.3B | $328.0M | ||
| Q1 24 | $1.2B | $255.0M |
总资产PRIMQVCGA
| Q4 25 | $4.4B | $7.6B | ||
| Q3 25 | $4.6B | $7.6B | ||
| Q2 25 | $4.5B | $6.7B | ||
| Q1 25 | $4.2B | $9.0B | ||
| Q4 24 | $4.2B | $9.2B | ||
| Q3 24 | $4.2B | $10.8B | ||
| Q2 24 | $4.0B | $10.9B | ||
| Q1 24 | $4.0B | $11.0B |
负债/权益比PRIMQVCGA
| Q4 25 | 0.28× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.39× | — | ||
| Q1 25 | 0.42× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.67× | 12.74× | ||
| Q2 24 | 0.72× | 16.28× | ||
| Q1 24 | 0.76× | 21.53× |
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 | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $121.1M | $191.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 7.1% |
| 资本支出强度资本支出/营收 | 1.2% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.76× | — |
| 过去12个月自由现金流最近4个季度 | $340.5M | $118.0M |
8季度趋势，按日历期对齐
经营现金流PRIMQVCGA
| Q4 25 | $142.9M | $244.0M | ||
| Q3 25 | $182.9M | $4.0M | ||
| Q2 25 | $78.5M | $86.0M | ||
| Q1 25 | $66.2M | $-60.0M | ||
| Q4 24 | $298.3M | $212.0M | ||
| Q3 24 | $222.5M | $20.0M | ||
| Q2 24 | $16.1M | $267.0M | ||
| Q1 24 | $-28.5M | $26.0M |
自由现金流PRIMQVCGA
| Q4 25 | $121.1M | $191.0M | ||
| Q3 25 | $148.4M | $-27.0M | ||
| Q2 25 | $45.3M | $48.0M | ||
| Q1 25 | $25.6M | $-94.0M | ||
| Q4 24 | $270.0M | $150.0M | ||
| Q3 24 | $158.8M | $-23.0M | ||
| Q2 24 | $-8.1M | $213.0M | ||
| Q1 24 | $-38.9M | $-14.0M |
自由现金流率PRIMQVCGA
| Q4 25 | 6.5% | 7.1% | ||
| Q3 25 | 6.8% | -1.2% | ||
| Q2 25 | 2.4% | 2.1% | ||
| Q1 25 | 1.6% | -4.5% | ||
| Q4 24 | 15.5% | 5.1% | ||
| Q3 24 | 9.6% | -1.0% | ||
| Q2 24 | -0.5% | 8.8% | ||
| Q1 24 | -2.8% | -0.6% |
资本支出强度PRIMQVCGA
| Q4 25 | 1.2% | 2.0% | ||
| Q3 25 | 1.6% | 1.4% | ||
| Q2 25 | 1.8% | 1.7% | ||
| Q1 25 | 2.5% | 1.6% | ||
| Q4 24 | 1.6% | 2.1% | ||
| Q3 24 | 3.9% | 1.8% | ||
| Q2 24 | 1.5% | 2.2% | ||
| Q1 24 | 0.7% | 1.7% |
现金转化率PRIMQVCGA
| Q4 25 | 2.76× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.50× | — | ||
| Q4 24 | 5.53× | — | ||
| Q3 24 | 3.81× | — | ||
| Q2 24 | 0.32× | 13.35× | ||
| Q1 24 | -1.50× | — |
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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
