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Primoris Services Corp（PRIM）与道富集团（STT）财务数据对比。点击上方公司名可切换其他公司
道富集团的季度营收约是Primoris Services Corp的2.0倍（$3.7B vs $1.9B），道富集团净利率更高（20.4% vs 2.8%，领先17.6%），道富集团同比增速更快（7.5% vs 6.7%），道富集团自由现金流更多（$9.8B vs $121.1M），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs 8.1%）
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。
道富集团是总部位于美国波士顿的跨国金融服务及银行控股公司，历史可追溯至1792年成立的联合银行，是美国运营历史第二悠久的存续银行。作为全球顶尖的资产管理与托管机构，截至2025年第三季度，其管理资产规模约5.4万亿美元，托管及管理资产总规模达51.7万亿美元。
PRIM vs STT — 直观对比
营收规模更大
STT
是对方的2.0倍
$1.9B
营收增速更快
STT
高出0.8%
6.7%
净利率更高
STT
高出17.6%
2.8%
自由现金流更多
STT
多$9.7B
$121.1M
两年增速更快
PRIM
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.7B |
| 净利润 | $51.7M | $747.0M |
| 毛利率 | 9.4% | — |
| 营业利润率 | 4.2% | 25.0% |
| 净利率 | 2.8% | 20.4% |
| 营收同比 | 6.7% | 7.5% |
| 净利润同比 | -4.2% | -4.6% |
| 每股收益（稀释后） | $0.94 | $2.41 |
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PRIMSTT
| Q4 25 | $1.9B | $3.7B | ||
| Q3 25 | $2.2B | $3.5B | ||
| Q2 25 | $1.9B | $3.4B | ||
| Q1 25 | $1.6B | $3.3B | ||
| Q4 24 | $1.7B | $3.4B | ||
| Q3 24 | $1.6B | $3.3B | ||
| Q2 24 | $1.6B | $3.2B | ||
| Q1 24 | $1.4B | $3.1B |
净利润PRIMSTT
| Q4 25 | $51.7M | $747.0M | ||
| Q3 25 | $94.6M | $861.0M | ||
| Q2 25 | $84.3M | $693.0M | ||
| Q1 25 | $44.2M | $644.0M | ||
| Q4 24 | $54.0M | $783.0M | ||
| Q3 24 | $58.4M | $730.0M | ||
| Q2 24 | $49.5M | $711.0M | ||
| Q1 24 | $18.9M | $463.0M |
毛利率PRIMSTT
| 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PRIMSTT
| Q4 25 | 4.2% | 25.0% | ||
| Q3 25 | 6.3% | 31.1% | ||
| Q2 25 | 6.7% | 25.8% | ||
| Q1 25 | 4.3% | 25.0% | ||
| Q4 24 | 5.0% | 28.1% | ||
| Q3 24 | 6.0% | 28.4% | ||
| Q2 24 | 5.5% | 28.6% | ||
| Q1 24 | 3.1% | 19.1% |
净利率PRIMSTT
| Q4 25 | 2.8% | 20.4% | ||
| Q3 25 | 4.3% | 24.3% | ||
| Q2 25 | 4.5% | 20.1% | ||
| Q1 25 | 2.7% | 19.6% | ||
| Q4 24 | 3.1% | 22.9% | ||
| Q3 24 | 3.5% | 22.4% | ||
| Q2 24 | 3.2% | 22.3% | ||
| Q1 24 | 1.3% | 14.8% |
每股收益（稀释后）PRIMSTT
| Q4 25 | $0.94 | $2.41 | ||
| Q3 25 | $1.73 | $2.78 | ||
| Q2 25 | $1.54 | $2.17 | ||
| Q1 25 | $0.81 | $2.04 | ||
| Q4 24 | $0.98 | $2.43 | ||
| Q3 24 | $1.07 | $2.26 | ||
| Q2 24 | $0.91 | $2.15 | ||
| 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 | — |
| 总债务越低越好 | $469.9M | — |
| 股东权益账面价值 | $1.7B | $27.8B |
| 总资产 | $4.4B | $366.0B |
| 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PRIMSTT
| Q4 25 | $535.5M | — | ||
| Q3 25 | $431.4M | — | ||
| Q2 25 | $390.3M | — | ||
| Q1 25 | $351.6M | — | ||
| Q4 24 | $455.8M | — | ||
| Q3 24 | $352.7M | — | ||
| Q2 24 | $207.4M | — | ||
| Q1 24 | $177.6M | — |
总债务PRIMSTT
| 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PRIMSTT
| Q4 25 | $1.7B | $27.8B | ||
| Q3 25 | $1.6B | $27.6B | ||
| Q2 25 | $1.5B | $27.3B | ||
| Q1 25 | $1.4B | $26.7B | ||
| Q4 24 | $1.4B | $25.3B | ||
| Q3 24 | $1.4B | $25.8B | ||
| Q2 24 | $1.3B | $24.8B | ||
| Q1 24 | $1.2B | $24.4B |
总资产PRIMSTT
| Q4 25 | $4.4B | $366.0B | ||
| Q3 25 | $4.6B | $371.1B | ||
| Q2 25 | $4.5B | $376.7B | ||
| Q1 25 | $4.2B | $372.7B | ||
| Q4 24 | $4.2B | $353.2B | ||
| Q3 24 | $4.2B | $338.5B | ||
| Q2 24 | $4.0B | $325.6B | ||
| Q1 24 | $4.0B | $338.0B |
负债/权益比PRIMSTT
| 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 | $10.0B |
| 自由现金流经营现金流 - 资本支出 | $121.1M | $9.8B |
| 自由现金流率自由现金流/营收 | 6.5% | 266.6% |
| 资本支出强度资本支出/营收 | 1.2% | 7.3% |
| 现金转化率经营现金流/净利润 | 2.76× | 13.44× |
| 过去12个月自由现金流最近4个季度 | $340.5M | $10.8B |
8季度趋势，按日历期对齐
经营现金流PRIMSTT
| Q4 25 | $142.9M | $10.0B | ||
| Q3 25 | $182.9M | $7.9B | ||
| Q2 25 | $78.5M | $-8.4B | ||
| Q1 25 | $66.2M | $2.4B | ||
| Q4 24 | $298.3M | $-7.4B | ||
| Q3 24 | $222.5M | $2.7B | ||
| Q2 24 | $16.1M | $-7.6B | ||
| Q1 24 | $-28.5M | $-844.0M |
自由现金流PRIMSTT
| Q4 25 | $121.1M | $9.8B | ||
| Q3 25 | $148.4M | $7.7B | ||
| Q2 25 | $45.3M | $-8.8B | ||
| Q1 25 | $25.6M | $2.2B | ||
| Q4 24 | $270.0M | $-7.7B | ||
| Q3 24 | $158.8M | $2.5B | ||
| Q2 24 | $-8.1M | $-7.9B | ||
| Q1 24 | $-38.9M | $-1.1B |
自由现金流率PRIMSTT
| Q4 25 | 6.5% | 266.6% | ||
| Q3 25 | 6.8% | 216.0% | ||
| Q2 25 | 2.4% | -254.1% | ||
| Q1 25 | 1.6% | 66.1% | ||
| Q4 24 | 15.5% | -225.1% | ||
| Q3 24 | 9.6% | 75.9% | ||
| Q2 24 | -0.5% | -246.2% | ||
| Q1 24 | -2.8% | -34.2% |
资本支出强度PRIMSTT
| Q4 25 | 1.2% | 7.3% | ||
| Q3 25 | 1.6% | 6.9% | ||
| Q2 25 | 1.8% | 9.3% | ||
| Q1 25 | 2.5% | 6.9% | ||
| Q4 24 | 1.6% | 7.3% | ||
| Q3 24 | 3.9% | 7.2% | ||
| Q2 24 | 1.5% | 6.7% | ||
| Q1 24 | 0.7% | 7.3% |
现金转化率PRIMSTT
| Q4 25 | 2.76× | 13.44× | ||
| Q3 25 | 1.93× | 9.18× | ||
| Q2 25 | 0.93× | -12.18× | ||
| Q1 25 | 1.50× | 3.72× | ||
| Q4 24 | 5.53× | -9.49× | ||
| Q3 24 | 3.81× | 3.71× | ||
| Q2 24 | 0.32× | -10.75× | ||
| Q1 24 | -1.50× | -1.82× |
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% |
STT
| Other | $2.2B | 59% |
| Investment Management | $729.0M | 20% |
| Management Services | $662.0M | 18% |
| Other Fee Revenue | $56.0M | 2% |
| Securities Financing Services | $54.0M | 1% |
