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Primoris Services Corp（PRIM）与Ryerson Holding Corp（RYI）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Ryerson Holding Corp的1.7倍（$1.9B vs $1.1B），Primoris Services Corp净利率更高（2.8% vs -3.4%，领先6.2%），Ryerson Holding Corp同比增速更快（9.7% vs 6.7%），Primoris Services Corp自由现金流更多（$121.1M vs $91.9M），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs -5.6%）
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。
莱森控股集团旗下的约瑟夫·T·莱森父子公司是一家金属加工分销服务商，业务覆盖美国、墨西哥、加拿大与中国。公司创立于1842年，总部位于芝加哥，在全球约100个网点拥有约4200名员工，是金属流通领域资历深厚的专业服务商。
PRIM vs RYI — 直观对比
营收规模更大
PRIM
是对方的1.7倍
$1.1B
营收增速更快
RYI
高出3.0%
6.7%
净利率更高
PRIM
高出6.2%
-3.4%
自由现金流更多
PRIM
多$29.2M
$91.9M
两年增速更快
PRIM
近两年复合增速
-5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.1B |
| 净利润 | $51.7M | $-37.9M |
| 毛利率 | 9.4% | 15.3% |
| 营业利润率 | 4.2% | -3.4% |
| 净利率 | 2.8% | -3.4% |
| 营收同比 | 6.7% | 9.7% |
| 净利润同比 | -4.2% | -781.4% |
| 每股收益（稀释后） | $0.94 | $-1.18 |
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PRIMRYI
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.4B | $1.2B |
净利润PRIMRYI
| Q4 25 | $51.7M | $-37.9M | ||
| Q3 25 | $94.6M | $-14.8M | ||
| Q2 25 | $84.3M | $1.9M | ||
| Q1 25 | $44.2M | $-5.6M | ||
| Q4 24 | $54.0M | $-4.3M | ||
| Q3 24 | $58.4M | $-6.6M | ||
| Q2 24 | $49.5M | $9.9M | ||
| Q1 24 | $18.9M | $-7.6M |
毛利率PRIMRYI
| Q4 25 | 9.4% | 15.3% | ||
| Q3 25 | 10.8% | 17.2% | ||
| Q2 25 | 12.3% | 17.9% | ||
| Q1 25 | 10.4% | 18.0% | ||
| Q4 24 | 10.6% | 19.0% | ||
| Q3 24 | 12.0% | 17.9% | ||
| Q2 24 | 11.9% | 18.2% | ||
| Q1 24 | 9.4% | 17.6% |
营业利润率PRIMRYI
| Q4 25 | 4.2% | -3.4% | ||
| Q3 25 | 6.3% | -0.1% | ||
| Q2 25 | 6.7% | 0.5% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 5.0% | 0.3% | ||
| Q3 24 | 6.0% | 0.5% | ||
| Q2 24 | 5.5% | 1.9% | ||
| Q1 24 | 3.1% | 0.1% |
净利率PRIMRYI
| Q4 25 | 2.8% | -3.4% | ||
| Q3 25 | 4.3% | -1.3% | ||
| Q2 25 | 4.5% | 0.2% | ||
| Q1 25 | 2.7% | -0.5% | ||
| Q4 24 | 3.1% | -0.4% | ||
| Q3 24 | 3.5% | -0.6% | ||
| Q2 24 | 3.2% | 0.8% | ||
| Q1 24 | 1.3% | -0.6% |
每股收益（稀释后）PRIMRYI
| Q4 25 | $0.94 | $-1.18 | ||
| Q3 25 | $1.73 | $-0.46 | ||
| Q2 25 | $1.54 | $0.06 | ||
| Q1 25 | $0.81 | $-0.18 | ||
| Q4 24 | $0.98 | $-0.13 | ||
| Q3 24 | $1.07 | $-0.20 | ||
| Q2 24 | $0.91 | $0.29 | ||
| Q1 24 | $0.35 | $-0.22 |
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 | $26.9M |
| 总债务越低越好 | $469.9M | — |
| 股东权益账面价值 | $1.7B | $753.1M |
| 总资产 | $4.4B | $2.4B |
| 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PRIMRYI
| Q4 25 | $535.5M | $26.9M | ||
| Q3 25 | $431.4M | $29.8M | ||
| Q2 25 | $390.3M | $30.8M | ||
| Q1 25 | $351.6M | $33.6M | ||
| Q4 24 | $455.8M | $27.7M | ||
| Q3 24 | $352.7M | $35.0M | ||
| Q2 24 | $207.4M | $28.0M | ||
| Q1 24 | $177.6M | $41.9M |
总债务PRIMRYI
| Q4 25 | $469.9M | — | ||
| Q3 25 | $486.0M | — | ||
| Q2 25 | $603.1M | — | ||
| Q1 25 | $612.0M | — | ||
| Q4 24 | $734.8M | — | ||
| Q3 24 | $903.7M | — | ||
| Q2 24 | $933.0M | — | ||
| Q1 24 | $951.7M | — |
股东权益PRIMRYI
| Q4 25 | $1.7B | $753.1M | ||
| Q3 25 | $1.6B | $787.3M | ||
| Q2 25 | $1.5B | $811.5M | ||
| Q1 25 | $1.4B | $803.9M | ||
| Q4 24 | $1.4B | $815.3M | ||
| Q3 24 | $1.4B | $832.9M | ||
| Q2 24 | $1.3B | $877.9M | ||
| Q1 24 | $1.2B | $888.5M |
总资产PRIMRYI
| Q4 25 | $4.4B | $2.4B | ||
| Q3 25 | $4.6B | $2.5B | ||
| Q2 25 | $4.5B | $2.5B | ||
| Q1 25 | $4.2B | $2.5B | ||
| Q4 24 | $4.2B | $2.4B | ||
| Q3 24 | $4.2B | $2.5B | ||
| Q2 24 | $4.0B | $2.6B | ||
| Q1 24 | $4.0B | $2.7B |
负债/权益比PRIMRYI
| Q4 25 | 0.28× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.39× | — | ||
| Q1 25 | 0.42× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.72× | — | ||
| Q1 24 | 0.76× | — |
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 | $112.7M |
| 自由现金流经营现金流 - 资本支出 | $121.1M | $91.9M |
| 自由现金流率自由现金流/营收 | 6.5% | 8.3% |
| 资本支出强度资本支出/营收 | 1.2% | 1.9% |
| 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 | $35.5M |
8季度趋势，按日历期对齐
经营现金流PRIMRYI
| Q4 25 | $142.9M | $112.7M | ||
| Q3 25 | $182.9M | $-8.3M | ||
| Q2 25 | $78.5M | $23.8M | ||
| Q1 25 | $66.2M | $-41.2M | ||
| Q4 24 | $298.3M | $92.2M | ||
| Q3 24 | $222.5M | $134.6M | ||
| Q2 24 | $16.1M | $25.9M | ||
| Q1 24 | $-28.5M | $-47.8M |
自由现金流PRIMRYI
| Q4 25 | $121.1M | $91.9M | ||
| Q3 25 | $148.4M | $-21.1M | ||
| Q2 25 | $45.3M | $13.9M | ||
| Q1 25 | $25.6M | $-49.2M | ||
| Q4 24 | $270.0M | $68.7M | ||
| Q3 24 | $158.8M | $103.0M | ||
| Q2 24 | $-8.1M | $3.2M | ||
| Q1 24 | $-38.9M | $-69.6M |
自由现金流率PRIMRYI
| Q4 25 | 6.5% | 8.3% | ||
| Q3 25 | 6.8% | -1.8% | ||
| Q2 25 | 2.4% | 1.2% | ||
| Q1 25 | 1.6% | -4.3% | ||
| Q4 24 | 15.5% | 6.8% | ||
| Q3 24 | 9.6% | 9.1% | ||
| Q2 24 | -0.5% | 0.3% | ||
| Q1 24 | -2.8% | -5.6% |
资本支出强度PRIMRYI
| Q4 25 | 1.2% | 1.9% | ||
| Q3 25 | 1.6% | 1.1% | ||
| Q2 25 | 1.8% | 0.8% | ||
| Q1 25 | 2.5% | 0.7% | ||
| Q4 24 | 1.6% | 2.3% | ||
| Q3 24 | 3.9% | 2.8% | ||
| Q2 24 | 1.5% | 1.9% | ||
| Q1 24 | 0.7% | 1.8% |
现金转化率PRIMRYI
| Q4 25 | 2.76× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.93× | 12.53× | ||
| Q1 25 | 1.50× | — | ||
| Q4 24 | 5.53× | — | ||
| Q3 24 | 3.81× | — | ||
| Q2 24 | 0.32× | 2.62× | ||
| 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% |
RYI
| US | $988.3M | 89% |
| Non Us | $116.5M | 11% |
