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Primoris Services Corp（PRIM）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
Primoris Services Corp的季度营收约是思佳讯的1.8倍（$1.9B vs $1.0B），思佳讯净利率更高（7.6% vs 2.8%，领先4.9%），思佳讯同比增速更快（8.6% vs 6.7%），思佳讯自由现金流更多（$339.0M vs $121.1M），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
PRIM vs SWKS — 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
SWKS
高出1.9%
6.7%
净利率更高
SWKS
高出4.9%
2.8%
自由现金流更多
SWKS
多$217.9M
$121.1M
两年增速更快
PRIM
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.0B |
| 净利润 | $51.7M | $79.2M |
| 毛利率 | 9.4% | 41.3% |
| 营业利润率 | 4.2% | 10.0% |
| 净利率 | 2.8% | 7.6% |
| 营收同比 | 6.7% | 8.6% |
| 净利润同比 | -4.2% | 15.3% |
| 每股收益（稀释后） | $0.94 | $0.53 |
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PRIMSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.9B | $965.0M | ||
| Q1 25 | $1.6B | $953.2M | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.6B | $1.0B | ||
| Q2 24 | $1.6B | $905.5M |
净利润PRIMSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $51.7M | $141.4M | ||
| Q3 25 | $94.6M | — | ||
| Q2 25 | $84.3M | $105.0M | ||
| Q1 25 | $44.2M | $68.7M | ||
| Q4 24 | $54.0M | $162.0M | ||
| Q3 24 | $58.4M | $60.5M | ||
| Q2 24 | $49.5M | $120.9M |
毛利率PRIMSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 9.4% | 40.7% | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 12.3% | 41.6% | ||
| Q1 25 | 10.4% | 41.1% | ||
| Q4 24 | 10.6% | 41.4% | ||
| Q3 24 | 12.0% | 41.9% | ||
| Q2 24 | 11.9% | 40.2% |
营业利润率PRIMSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 4.2% | 10.1% | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 6.7% | 11.5% | ||
| Q1 25 | 4.3% | 10.2% | ||
| Q4 24 | 5.0% | 16.9% | ||
| Q3 24 | 6.0% | 5.8% | ||
| Q2 24 | 5.5% | 14.4% |
净利率PRIMSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 2.8% | 12.9% | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.5% | 10.9% | ||
| Q1 25 | 2.7% | 7.2% | ||
| Q4 24 | 3.1% | 15.2% | ||
| Q3 24 | 3.5% | 5.9% | ||
| Q2 24 | 3.2% | 13.4% |
每股收益（稀释后）PRIMSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.94 | $0.95 | ||
| Q3 25 | $1.73 | — | ||
| Q2 25 | $1.54 | $0.70 | ||
| Q1 25 | $0.81 | $0.43 | ||
| Q4 24 | $0.98 | $1.00 | ||
| Q3 24 | $1.07 | $0.36 | ||
| Q2 24 | $0.91 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | $469.9M | $496.6M |
| 股东权益账面价值 | $1.7B | $5.8B |
| 总资产 | $4.4B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.28× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资PRIMSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $535.5M | $1.4B | ||
| Q3 25 | $431.4M | — | ||
| Q2 25 | $390.3M | $1.3B | ||
| Q1 25 | $351.6M | $1.5B | ||
| Q4 24 | $455.8M | $1.7B | ||
| Q3 24 | $352.7M | $1.6B | ||
| Q2 24 | $207.4M | $1.3B |
总债务PRIMSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $469.9M | $496.4M | ||
| Q3 25 | $486.0M | — | ||
| Q2 25 | $603.1M | $496.2M | ||
| Q1 25 | $612.0M | $995.1M | ||
| Q4 24 | $734.8M | $994.7M | ||
| Q3 24 | $903.7M | $994.3M | ||
| Q2 24 | $933.0M | $994.0M |
股东权益PRIMSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $1.7B | $5.8B | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.5B | $5.7B | ||
| Q1 25 | $1.4B | $5.9B | ||
| Q4 24 | $1.4B | $6.4B | ||
| Q3 24 | $1.4B | $6.3B | ||
| Q2 24 | $1.3B | $6.3B |
总资产PRIMSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $4.4B | $7.9B | ||
| Q3 25 | $4.6B | — | ||
| Q2 25 | $4.5B | $7.7B | ||
| Q1 25 | $4.2B | $7.9B | ||
| Q4 24 | $4.2B | $8.3B | ||
| Q3 24 | $4.2B | $8.3B | ||
| Q2 24 | $4.0B | $8.2B |
负债/权益比PRIMSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.28× | 0.09× | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.39× | 0.09× | ||
| Q1 25 | 0.42× | 0.17× | ||
| Q4 24 | 0.52× | 0.16× | ||
| Q3 24 | 0.67× | 0.16× | ||
| Q2 24 | 0.72× | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $121.1M | $339.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 32.7% |
| 资本支出强度资本支出/营收 | 1.2% | 5.5% |
| 现金转化率经营现金流/净利润 | 2.76× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $340.5M | $1.1B |
8季度趋势，按日历期对齐
经营现金流PRIMSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $142.9M | $200.0M | ||
| Q3 25 | $182.9M | — | ||
| Q2 25 | $78.5M | $314.2M | ||
| Q1 25 | $66.2M | $409.4M | ||
| Q4 24 | $298.3M | $377.2M | ||
| Q3 24 | $222.5M | $476.1M | ||
| Q2 24 | $16.1M | $273.4M |
自由现金流PRIMSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $121.1M | $144.0M | ||
| Q3 25 | $148.4M | — | ||
| Q2 25 | $45.3M | $252.7M | ||
| Q1 25 | $25.6M | $370.9M | ||
| Q4 24 | $270.0M | $338.2M | ||
| Q3 24 | $158.8M | $393.3M | ||
| Q2 24 | $-8.1M | $249.0M |
自由现金流率PRIMSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 6.5% | 13.1% | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 2.4% | 26.2% | ||
| Q1 25 | 1.6% | 38.9% | ||
| Q4 24 | 15.5% | 31.7% | ||
| Q3 24 | 9.6% | 38.4% | ||
| Q2 24 | -0.5% | 27.5% |
资本支出强度PRIMSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 1.2% | 5.1% | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.8% | 6.4% | ||
| Q1 25 | 2.5% | 4.0% | ||
| Q4 24 | 1.6% | 3.6% | ||
| Q3 24 | 3.9% | 8.1% | ||
| Q2 24 | 1.5% | 2.7% |
现金转化率PRIMSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 2.76× | 1.41× | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.93× | 2.99× | ||
| Q1 25 | 1.50× | 5.96× | ||
| Q4 24 | 5.53× | 2.33× | ||
| Q3 24 | 3.81× | 7.87× | ||
| Q2 24 | 0.32× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
