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Primoris Services Corp（PRIM）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
Primoris Services Corp的季度营收约是西蒙地产集团的1.0倍（$1.9B vs $1.8B），西蒙地产集团净利率更高（197.6% vs 2.8%，领先194.8%），西蒙地产集团同比增速更快（13.2% vs 6.7%），西蒙地产集团自由现金流更多（$948.8M vs $121.1M），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs 11.4%）
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。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
PRIM vs SPG — 直观对比
营收规模更大
PRIM
是对方的1.0倍
$1.8B
营收增速更快
SPG
高出6.5%
6.7%
净利率更高
SPG
高出194.8%
2.8%
自由现金流更多
SPG
多$827.7M
$121.1M
两年增速更快
PRIM
近两年复合增速
11.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.8B |
| 净利润 | $51.7M | $3.5B |
| 毛利率 | 9.4% | — |
| 营业利润率 | 4.2% | 49.7% |
| 净利率 | 2.8% | 197.6% |
| 营收同比 | 6.7% | 13.2% |
| 净利润同比 | -4.2% | 358.7% |
| 每股收益（稀释后） | $0.94 | $9.34 |
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PRIMSPG
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.7B | $1.6B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $1.4B | $1.4B |
净利润PRIMSPG
| Q4 25 | $51.7M | $3.5B | ||
| Q3 25 | $94.6M | $702.7M | ||
| Q2 25 | $84.3M | $643.7M | ||
| Q1 25 | $44.2M | $477.9M | ||
| Q4 24 | $54.0M | $771.8M | ||
| Q3 24 | $58.4M | $546.7M | ||
| Q2 24 | $49.5M | $569.4M | ||
| Q1 24 | $18.9M | $841.2M |
毛利率PRIMSPG
| Q4 25 | 9.4% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 12.3% | — | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 12.0% | — | ||
| Q2 24 | 11.9% | — | ||
| Q1 24 | 9.4% | — |
营业利润率PRIMSPG
| Q4 25 | 4.2% | 49.7% | ||
| Q3 25 | 6.3% | 50.8% | ||
| Q2 25 | 6.7% | 49.7% | ||
| Q1 25 | 4.3% | 49.4% | ||
| Q4 24 | 5.0% | 52.8% | ||
| Q3 24 | 6.0% | 51.9% | ||
| Q2 24 | 5.5% | 51.7% | ||
| Q1 24 | 3.1% | 51.0% |
净利率PRIMSPG
| Q4 25 | 2.8% | 197.6% | ||
| Q3 25 | 4.3% | 43.9% | ||
| Q2 25 | 4.5% | 43.0% | ||
| Q1 25 | 2.7% | 32.4% | ||
| Q4 24 | 3.1% | 48.8% | ||
| Q3 24 | 3.5% | 36.9% | ||
| Q2 24 | 3.2% | 39.0% | ||
| Q1 24 | 1.3% | 58.3% |
每股收益（稀释后）PRIMSPG
| Q4 25 | $0.94 | $9.34 | ||
| Q3 25 | $1.73 | $1.86 | ||
| Q2 25 | $1.54 | $1.70 | ||
| Q1 25 | $0.81 | $1.27 | ||
| Q4 24 | $0.98 | $2.04 | ||
| Q3 24 | $1.07 | $1.46 | ||
| Q2 24 | $0.91 | $1.51 | ||
| Q1 24 | $0.35 | $2.25 |
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 | $823.1M |
| 总债务越低越好 | $469.9M | $28.4B |
| 股东权益账面价值 | $1.7B | $5.2B |
| 总资产 | $4.4B | $40.6B |
| 负债/权益比越低杠杆越低 | 0.28× | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资PRIMSPG
| Q4 25 | $535.5M | $823.1M | ||
| Q3 25 | $431.4M | $1.6B | ||
| Q2 25 | $390.3M | $1.2B | ||
| Q1 25 | $351.6M | $1.4B | ||
| Q4 24 | $455.8M | $1.4B | ||
| Q3 24 | $352.7M | $2.5B | ||
| Q2 24 | $207.4M | $2.5B | ||
| Q1 24 | $177.6M | $2.6B |
总债务PRIMSPG
| Q4 25 | $469.9M | $28.4B | ||
| Q3 25 | $486.0M | $25.8B | ||
| Q2 25 | $603.1M | $25.4B | ||
| Q1 25 | $612.0M | $24.8B | ||
| Q4 24 | $734.8M | $24.3B | ||
| Q3 24 | $903.7M | $25.4B | ||
| Q2 24 | $933.0M | $25.3B | ||
| Q1 24 | $951.7M | $25.5B |
股东权益PRIMSPG
| Q4 25 | $1.7B | $5.2B | ||
| Q3 25 | $1.6B | $2.3B | ||
| Q2 25 | $1.5B | $2.5B | ||
| Q1 25 | $1.4B | $2.6B | ||
| Q4 24 | $1.4B | $2.9B | ||
| Q3 24 | $1.4B | $2.7B | ||
| Q2 24 | $1.3B | $2.9B | ||
| Q1 24 | $1.2B | $3.1B |
总资产PRIMSPG
| Q4 25 | $4.4B | $40.6B | ||
| Q3 25 | $4.6B | $33.6B | ||
| Q2 25 | $4.5B | $33.3B | ||
| Q1 25 | $4.2B | $32.5B | ||
| Q4 24 | $4.2B | $32.4B | ||
| Q3 24 | $4.2B | $33.3B | ||
| Q2 24 | $4.0B | $33.4B | ||
| Q1 24 | $4.0B | $33.7B |
负债/权益比PRIMSPG
| Q4 25 | 0.28× | 5.46× | ||
| Q3 25 | 0.30× | 10.98× | ||
| Q2 25 | 0.39× | 10.36× | ||
| Q1 25 | 0.42× | 9.50× | ||
| Q4 24 | 0.52× | 8.25× | ||
| Q3 24 | 0.67× | 9.37× | ||
| Q2 24 | 0.72× | 8.59× | ||
| Q1 24 | 0.76× | 8.22× |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $121.1M | $948.8M |
| 自由现金流率自由现金流/营收 | 6.5% | 53.0% |
| 资本支出强度资本支出/营收 | 1.2% | 14.2% |
| 现金转化率经营现金流/净利润 | 2.76× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $340.5M | $3.2B |
8季度趋势，按日历期对齐
经营现金流PRIMSPG
| Q4 25 | $142.9M | $1.2B | ||
| Q3 25 | $182.9M | $890.3M | ||
| Q2 25 | $78.5M | $1.2B | ||
| Q1 25 | $66.2M | $827.2M | ||
| Q4 24 | $298.3M | $1.1B | ||
| Q3 24 | $222.5M | $892.9M | ||
| Q2 24 | $16.1M | $1.1B | ||
| Q1 24 | $-28.5M | $773.1M |
自由现金流PRIMSPG
| Q4 25 | $121.1M | $948.8M | ||
| Q3 25 | $148.4M | $685.0M | ||
| Q2 25 | $45.3M | $971.3M | ||
| Q1 25 | $25.6M | $597.0M | ||
| Q4 24 | $270.0M | $867.7M | ||
| Q3 24 | $158.8M | $706.5M | ||
| Q2 24 | $-8.1M | $874.8M | ||
| Q1 24 | $-38.9M | $610.1M |
自由现金流率PRIMSPG
| Q4 25 | 6.5% | 53.0% | ||
| Q3 25 | 6.8% | 42.8% | ||
| Q2 25 | 2.4% | 64.8% | ||
| Q1 25 | 1.6% | 40.5% | ||
| Q4 24 | 15.5% | 54.8% | ||
| Q3 24 | 9.6% | 47.7% | ||
| Q2 24 | -0.5% | 60.0% | ||
| Q1 24 | -2.8% | 42.3% |
资本支出强度PRIMSPG
| Q4 25 | 1.2% | 14.2% | ||
| Q3 25 | 1.6% | 12.8% | ||
| Q2 25 | 1.8% | 16.3% | ||
| Q1 25 | 2.5% | 15.6% | ||
| Q4 24 | 1.6% | 13.8% | ||
| Q3 24 | 3.9% | 12.6% | ||
| Q2 24 | 1.5% | 12.9% | ||
| Q1 24 | 0.7% | 11.3% |
现金转化率PRIMSPG
| Q4 25 | 2.76× | 0.34× | ||
| Q3 25 | 1.93× | 1.27× | ||
| Q2 25 | 0.93× | 1.89× | ||
| Q1 25 | 1.50× | 1.73× | ||
| Q4 24 | 5.53× | 1.41× | ||
| Q3 24 | 3.81× | 1.63× | ||
| Q2 24 | 0.32× | 1.87× | ||
| Q1 24 | -1.50× | 0.92× |
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% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
