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Primoris Services Corp（PRIM）与Solventum（SOLV）财务数据对比。点击上方公司名可切换其他公司
Solventum的季度营收约是Primoris Services Corp的1.1倍（$2.0B vs $1.9B），Solventum净利率更高（3.2% vs 2.8%，领先0.4%），Primoris Services Corp同比增速更快（6.7% vs -3.7%），Primoris Services Corp自由现金流更多（$121.1M vs $32.0M），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs -0.4%）
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。
Solventum是一家总部位于美国的医疗健康企业，于2024年4月1日正式从全球知名多元化工业集团3M分拆后独立运营，继承了原3M旗下医疗板块的技术积累与业务资源，面向全球市场提供专业医疗相关产品及服务。
PRIM vs SOLV — 直观对比
营收规模更大
SOLV
是对方的1.1倍
$1.9B
营收增速更快
PRIM
高出10.4%
-3.7%
净利率更高
SOLV
高出0.4%
2.8%
自由现金流更多
PRIM
多$89.1M
$32.0M
两年增速更快
PRIM
近两年复合增速
-0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.0B |
| 净利润 | $51.7M | $63.0M |
| 毛利率 | 9.4% | 51.4% |
| 营业利润率 | 4.2% | 6.3% |
| 净利率 | 2.8% | 3.2% |
| 营收同比 | 6.7% | -3.7% |
| 净利润同比 | -4.2% | 103.2% |
| 每股收益（稀释后） | $0.94 | $0.37 |
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PRIMSOLV
| Q4 25 | $1.9B | $2.0B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $1.7B | $2.1B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.6B | $2.1B | ||
| Q1 24 | $1.4B | $2.0B |
净利润PRIMSOLV
| Q4 25 | $51.7M | $63.0M | ||
| Q3 25 | $94.6M | $1.3B | ||
| Q2 25 | $84.3M | $90.0M | ||
| Q1 25 | $44.2M | $137.0M | ||
| Q4 24 | $54.0M | $31.0M | ||
| Q3 24 | $58.4M | $122.0M | ||
| Q2 24 | $49.5M | $89.0M | ||
| Q1 24 | $18.9M | $237.0M |
毛利率PRIMSOLV
| Q4 25 | 9.4% | 51.4% | ||
| Q3 25 | 10.8% | 54.2% | ||
| Q2 25 | 12.3% | 54.4% | ||
| Q1 25 | 10.4% | 53.8% | ||
| Q4 24 | 10.6% | 53.9% | ||
| Q3 24 | 12.0% | 56.0% | ||
| Q2 24 | 11.9% | 54.6% | ||
| Q1 24 | 9.4% | 58.1% |
营业利润率PRIMSOLV
| Q4 25 | 4.2% | 6.3% | ||
| Q3 25 | 6.3% | 80.6% | ||
| Q2 25 | 6.7% | 9.9% | ||
| Q1 25 | 4.3% | 7.3% | ||
| Q4 24 | 5.0% | 6.6% | ||
| Q3 24 | 6.0% | 13.2% | ||
| Q2 24 | 5.5% | 11.7% | ||
| Q1 24 | 3.1% | 18.9% |
净利率PRIMSOLV
| Q4 25 | 2.8% | 3.2% | ||
| Q3 25 | 4.3% | 60.4% | ||
| Q2 25 | 4.5% | 4.2% | ||
| Q1 25 | 2.7% | 6.6% | ||
| Q4 24 | 3.1% | 1.5% | ||
| Q3 24 | 3.5% | 5.9% | ||
| Q2 24 | 3.2% | 4.3% | ||
| Q1 24 | 1.3% | 11.8% |
每股收益（稀释后）PRIMSOLV
| Q4 25 | $0.94 | $0.37 | ||
| Q3 25 | $1.73 | $7.22 | ||
| Q2 25 | $1.54 | $0.51 | ||
| Q1 25 | $0.81 | $0.78 | ||
| Q4 24 | $0.98 | $0.18 | ||
| Q3 24 | $1.07 | $0.70 | ||
| Q2 24 | $0.91 | $0.51 | ||
| Q1 24 | $0.35 | $1.37 |
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 | $878.0M |
| 总债务越低越好 | $469.9M | $5.0B |
| 股东权益账面价值 | $1.7B | $5.0B |
| 总资产 | $4.4B | $14.3B |
| 负债/权益比越低杠杆越低 | 0.28× | 1.00× |
8季度趋势，按日历期对齐
现金及短期投资PRIMSOLV
| Q4 25 | $535.5M | $878.0M | ||
| Q3 25 | $431.4M | $1.6B | ||
| Q2 25 | $390.3M | $492.0M | ||
| Q1 25 | $351.6M | $534.0M | ||
| Q4 24 | $455.8M | $762.0M | ||
| Q3 24 | $352.7M | $772.0M | ||
| Q2 24 | $207.4M | $897.0M | ||
| Q1 24 | $177.6M | $996.0M |
总债务PRIMSOLV
| Q4 25 | $469.9M | $5.0B | ||
| Q3 25 | $486.0M | $5.1B | ||
| Q2 25 | $603.1M | $7.8B | ||
| Q1 25 | $612.0M | $7.9B | ||
| Q4 24 | $734.8M | $8.0B | ||
| Q3 24 | $903.7M | $8.1B | ||
| Q2 24 | $933.0M | $8.3B | ||
| Q1 24 | $951.7M | $8.3B |
股东权益PRIMSOLV
| Q4 25 | $1.7B | $5.0B | ||
| Q3 25 | $1.6B | $5.0B | ||
| Q2 25 | $1.5B | $3.6B | ||
| Q1 25 | $1.4B | $3.3B | ||
| Q4 24 | $1.4B | $3.0B | ||
| Q3 24 | $1.4B | $3.2B | ||
| Q2 24 | $1.3B | $2.9B | ||
| Q1 24 | $1.2B | $3.9B |
总资产PRIMSOLV
| Q4 25 | $4.4B | $14.3B | ||
| Q3 25 | $4.6B | $14.0B | ||
| Q2 25 | $4.5B | $15.1B | ||
| Q1 25 | $4.2B | $14.5B | ||
| Q4 24 | $4.2B | $14.5B | ||
| Q3 24 | $4.2B | $14.7B | ||
| Q2 24 | $4.0B | $14.6B | ||
| Q1 24 | $4.0B | $14.7B |
负债/权益比PRIMSOLV
| Q4 25 | 0.28× | 1.00× | ||
| Q3 25 | 0.30× | 1.03× | ||
| Q2 25 | 0.39× | 2.14× | ||
| Q1 25 | 0.42× | 2.43× | ||
| Q4 24 | 0.52× | 2.71× | ||
| Q3 24 | 0.67× | 2.54× | ||
| Q2 24 | 0.72× | 2.90× | ||
| Q1 24 | 0.76× | 2.16× |
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 | $95.0M |
| 自由现金流经营现金流 - 资本支出 | $121.1M | $32.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 1.6% |
| 资本支出强度资本支出/营收 | 1.2% | 3.2% |
| 现金转化率经营现金流/净利润 | 2.76× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $340.5M | $-10.0M |
8季度趋势，按日历期对齐
经营现金流PRIMSOLV
| Q4 25 | $142.9M | $95.0M | ||
| Q3 25 | $182.9M | $76.0M | ||
| Q2 25 | $78.5M | $169.0M | ||
| Q1 25 | $66.2M | $29.0M | ||
| Q4 24 | $298.3M | $219.0M | ||
| Q3 24 | $222.5M | $169.0M | ||
| Q2 24 | $16.1M | $355.0M | ||
| Q1 24 | $-28.5M | $442.0M |
自由现金流PRIMSOLV
| Q4 25 | $121.1M | $32.0M | ||
| Q3 25 | $148.4M | $-21.0M | ||
| Q2 25 | $45.3M | $59.0M | ||
| Q1 25 | $25.6M | $-80.0M | ||
| Q4 24 | $270.0M | $92.0M | ||
| Q3 24 | $158.8M | $76.0M | ||
| Q2 24 | $-8.1M | $297.0M | ||
| Q1 24 | $-38.9M | $340.0M |
自由现金流率PRIMSOLV
| Q4 25 | 6.5% | 1.6% | ||
| Q3 25 | 6.8% | -1.0% | ||
| Q2 25 | 2.4% | 2.7% | ||
| Q1 25 | 1.6% | -3.9% | ||
| Q4 24 | 15.5% | 4.4% | ||
| Q3 24 | 9.6% | 3.7% | ||
| Q2 24 | -0.5% | 14.3% | ||
| Q1 24 | -2.8% | 16.9% |
资本支出强度PRIMSOLV
| Q4 25 | 1.2% | 3.2% | ||
| Q3 25 | 1.6% | 4.6% | ||
| Q2 25 | 1.8% | 5.1% | ||
| Q1 25 | 2.5% | 5.3% | ||
| Q4 24 | 1.6% | 6.1% | ||
| Q3 24 | 3.9% | 4.5% | ||
| Q2 24 | 1.5% | 2.8% | ||
| Q1 24 | 0.7% | 5.1% |
现金转化率PRIMSOLV
| Q4 25 | 2.76× | 1.51× | ||
| Q3 25 | 1.93× | 0.06× | ||
| Q2 25 | 0.93× | 1.88× | ||
| Q1 25 | 1.50× | 0.21× | ||
| Q4 24 | 5.53× | 7.06× | ||
| Q3 24 | 3.81× | 1.39× | ||
| Q2 24 | 0.32× | 3.99× | ||
| Q1 24 | -1.50× | 1.86× |
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% |
SOLV
| Infection Prevention And Surgical Solutions | $752.0M | 38% |
| Cost Of Software And Rentals | $508.0M | 25% |
| Health Information Systems Segment | $347.0M | 17% |
| Dental Solutions Segment | $343.0M | 17% |
| Related Party | $14.0M | 1% |
