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Primoris Services Corp（PRIM）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
Primoris Services Corp的季度营收约是越洋钻探的1.8倍（$1.9B vs $1.0B），Primoris Services Corp净利率更高（2.8% vs 2.4%，领先0.4%），越洋钻探同比增速更快（9.6% vs 6.7%），越洋钻探自由现金流更多（$321.0M vs $121.1M），过去两年越洋钻探的营收复合增速更高（16.9% vs 14.7%）
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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
PRIM vs RIG — 直观对比
营收规模更大
PRIM
是对方的1.8倍
$1.0B
营收增速更快
RIG
高出2.9%
6.7%
净利率更高
PRIM
高出0.4%
2.4%
自由现金流更多
RIG
多$199.9M
$121.1M
两年增速更快
RIG
近两年复合增速
14.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.0B |
| 净利润 | $51.7M | $25.0M |
| 毛利率 | 9.4% | 42.0% |
| 营业利润率 | 4.2% | 23.0% |
| 净利率 | 2.8% | 2.4% |
| 营收同比 | 6.7% | 9.6% |
| 净利润同比 | -4.2% | 257.1% |
| 每股收益（稀释后） | $0.94 | $0.13 |
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PRIMRIG
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $2.2B | $1.0B | ||
| Q2 25 | $1.9B | $988.0M | ||
| Q1 25 | $1.6B | $906.0M | ||
| Q4 24 | $1.7B | $952.0M | ||
| Q3 24 | $1.6B | $948.0M | ||
| Q2 24 | $1.6B | $861.0M | ||
| Q1 24 | $1.4B | $763.0M |
净利润PRIMRIG
| Q4 25 | $51.7M | $25.0M | ||
| Q3 25 | $94.6M | $-1.9B | ||
| Q2 25 | $84.3M | $-938.0M | ||
| Q1 25 | $44.2M | $-79.0M | ||
| Q4 24 | $54.0M | $7.0M | ||
| Q3 24 | $58.4M | $-494.0M | ||
| Q2 24 | $49.5M | $-123.0M | ||
| Q1 24 | $18.9M | $98.0M |
毛利率PRIMRIG
| Q4 25 | 9.4% | 42.0% | ||
| Q3 25 | 10.8% | 43.2% | ||
| Q2 25 | 12.3% | 39.4% | ||
| Q1 25 | 10.4% | 31.8% | ||
| Q4 24 | 10.6% | 39.2% | ||
| Q3 24 | 12.0% | 40.6% | ||
| Q2 24 | 11.9% | 38.0% | ||
| Q1 24 | 9.4% | 31.5% |
营业利润率PRIMRIG
| Q4 25 | 4.2% | 23.0% | ||
| Q3 25 | 6.3% | -163.1% | ||
| Q2 25 | 6.7% | -97.6% | ||
| Q1 25 | 4.3% | 7.1% | ||
| Q4 24 | 5.0% | 13.7% | ||
| Q3 24 | 6.0% | -51.2% | ||
| Q2 24 | 5.5% | -6.9% | ||
| Q1 24 | 3.1% | -0.4% |
净利率PRIMRIG
| Q4 25 | 2.8% | 2.4% | ||
| Q3 25 | 4.3% | -187.1% | ||
| Q2 25 | 4.5% | -94.9% | ||
| Q1 25 | 2.7% | -8.7% | ||
| Q4 24 | 3.1% | 0.7% | ||
| Q3 24 | 3.5% | -52.1% | ||
| Q2 24 | 3.2% | -14.3% | ||
| Q1 24 | 1.3% | 12.8% |
每股收益（稀释后）PRIMRIG
| Q4 25 | $0.94 | $0.13 | ||
| Q3 25 | $1.73 | $-2.00 | ||
| Q2 25 | $1.54 | $-1.06 | ||
| Q1 25 | $0.81 | $-0.11 | ||
| Q4 24 | $0.98 | $-0.14 | ||
| Q3 24 | $1.07 | $-0.58 | ||
| Q2 24 | $0.91 | $-0.15 | ||
| Q1 24 | $0.35 | $0.11 |
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 | $620.0M |
| 总债务越低越好 | $469.9M | $5.2B |
| 股东权益账面价值 | $1.7B | $8.1B |
| 总资产 | $4.4B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.28× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资PRIMRIG
| Q4 25 | $535.5M | $620.0M | ||
| Q3 25 | $431.4M | $833.0M | ||
| Q2 25 | $390.3M | $377.0M | ||
| Q1 25 | $351.6M | $263.0M | ||
| Q4 24 | $455.8M | $560.0M | ||
| Q3 24 | $352.7M | $435.0M | ||
| Q2 24 | $207.4M | $475.0M | ||
| Q1 24 | $177.6M | $446.0M |
总债务PRIMRIG
| Q4 25 | $469.9M | $5.2B | ||
| Q3 25 | $486.0M | $4.8B | ||
| Q2 25 | $603.1M | $5.9B | ||
| Q1 25 | $612.0M | $5.9B | ||
| Q4 24 | $734.8M | $6.2B | ||
| Q3 24 | $903.7M | $6.5B | ||
| Q2 24 | $933.0M | $6.8B | ||
| Q1 24 | $951.7M | $6.8B |
股东权益PRIMRIG
| Q4 25 | $1.7B | $8.1B | ||
| Q3 25 | $1.6B | $8.1B | ||
| Q2 25 | $1.5B | $9.4B | ||
| Q1 25 | $1.4B | $10.2B | ||
| Q4 24 | $1.4B | $10.3B | ||
| Q3 24 | $1.4B | $10.2B | ||
| Q2 24 | $1.3B | $10.7B | ||
| Q1 24 | $1.2B | $10.5B |
总资产PRIMRIG
| Q4 25 | $4.4B | $15.6B | ||
| Q3 25 | $4.6B | $16.2B | ||
| Q2 25 | $4.5B | $17.8B | ||
| Q1 25 | $4.2B | $19.0B | ||
| Q4 24 | $4.2B | $19.4B | ||
| Q3 24 | $4.2B | $19.5B | ||
| Q2 24 | $4.0B | $20.3B | ||
| Q1 24 | $4.0B | $19.9B |
负债/权益比PRIMRIG
| Q4 25 | 0.28× | 0.64× | ||
| Q3 25 | 0.30× | 0.60× | ||
| Q2 25 | 0.39× | 0.63× | ||
| Q1 25 | 0.42× | 0.58× | ||
| Q4 24 | 0.52× | 0.60× | ||
| Q3 24 | 0.67× | 0.64× | ||
| Q2 24 | 0.72× | 0.63× | ||
| Q1 24 | 0.76× | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $121.1M | $321.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 30.8% |
| 资本支出强度资本支出/营收 | 1.2% | 2.7% |
| 现金转化率经营现金流/净利润 | 2.76× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $340.5M | $626.0M |
8季度趋势，按日历期对齐
经营现金流PRIMRIG
| Q4 25 | $142.9M | $349.0M | ||
| Q3 25 | $182.9M | $246.0M | ||
| Q2 25 | $78.5M | $128.0M | ||
| Q1 25 | $66.2M | $26.0M | ||
| Q4 24 | $298.3M | $206.0M | ||
| Q3 24 | $222.5M | $194.0M | ||
| Q2 24 | $16.1M | $133.0M | ||
| Q1 24 | $-28.5M | $-86.0M |
自由现金流PRIMRIG
| Q4 25 | $121.1M | $321.0M | ||
| Q3 25 | $148.4M | $235.0M | ||
| Q2 25 | $45.3M | $104.0M | ||
| Q1 25 | $25.6M | $-34.0M | ||
| Q4 24 | $270.0M | $177.0M | ||
| Q3 24 | $158.8M | $136.0M | ||
| Q2 24 | $-8.1M | $49.0M | ||
| Q1 24 | $-38.9M | $-169.0M |
自由现金流率PRIMRIG
| Q4 25 | 6.5% | 30.8% | ||
| Q3 25 | 6.8% | 22.9% | ||
| Q2 25 | 2.4% | 10.5% | ||
| Q1 25 | 1.6% | -3.8% | ||
| Q4 24 | 15.5% | 18.6% | ||
| Q3 24 | 9.6% | 14.3% | ||
| Q2 24 | -0.5% | 5.7% | ||
| Q1 24 | -2.8% | -22.1% |
资本支出强度PRIMRIG
| Q4 25 | 1.2% | 2.7% | ||
| Q3 25 | 1.6% | 1.1% | ||
| Q2 25 | 1.8% | 2.4% | ||
| Q1 25 | 2.5% | 6.6% | ||
| Q4 24 | 1.6% | 3.0% | ||
| Q3 24 | 3.9% | 6.1% | ||
| Q2 24 | 1.5% | 9.8% | ||
| Q1 24 | 0.7% | 10.9% |
现金转化率PRIMRIG
| Q4 25 | 2.76× | 13.96× | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.50× | — | ||
| Q4 24 | 5.53× | 29.43× | ||
| Q3 24 | 3.81× | — | ||
| Q2 24 | 0.32× | — | ||
| Q1 24 | -1.50× | -0.88× |
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
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
