vs
Primoris Services Corp（PRIM）与Toast, Inc.（TOST）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Toast, Inc.的1.1倍（$1.9B vs $1.6B），Toast, Inc.净利率更高（6.2% vs 2.8%，领先3.4%），Toast, Inc.同比增速更快（22.0% vs 6.7%），Toast, Inc.自由现金流更多（$178.0M vs $121.1M），过去两年Toast, Inc.的营收复合增速更高（23.3% vs 14.7%）
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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
PRIM vs TOST — 直观对比
营收规模更大
PRIM
是对方的1.1倍
$1.6B
营收增速更快
TOST
高出15.4%
6.7%
净利率更高
TOST
高出3.4%
2.8%
自由现金流更多
TOST
多$56.9M
$121.1M
两年增速更快
TOST
近两年复合增速
14.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.6B |
| 净利润 | $51.7M | $101.0M |
| 毛利率 | 9.4% | 25.9% |
| 营业利润率 | 4.2% | 5.2% |
| 净利率 | 2.8% | 6.2% |
| 营收同比 | 6.7% | 22.0% |
| 净利润同比 | -4.2% | 215.6% |
| 每股收益（稀释后） | $0.94 | $0.18 |
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PRIMTOST
| Q4 25 | $1.9B | $1.6B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.4B | $1.1B |
净利润PRIMTOST
| Q4 25 | $51.7M | $101.0M | ||
| Q3 25 | $94.6M | $105.0M | ||
| Q2 25 | $84.3M | $80.0M | ||
| Q1 25 | $44.2M | $56.0M | ||
| Q4 24 | $54.0M | $32.0M | ||
| Q3 24 | $58.4M | $56.0M | ||
| Q2 24 | $49.5M | $14.0M | ||
| Q1 24 | $18.9M | $-83.0M |
毛利率PRIMTOST
| Q4 25 | 9.4% | 25.9% | ||
| Q3 25 | 10.8% | 26.5% | ||
| Q2 25 | 12.3% | 25.3% | ||
| Q1 25 | 10.4% | 25.9% | ||
| Q4 24 | 10.6% | 24.9% | ||
| Q3 24 | 12.0% | 24.7% | ||
| Q2 24 | 11.9% | 23.0% | ||
| Q1 24 | 9.4% | 23.2% |
营业利润率PRIMTOST
| Q4 25 | 4.2% | 5.2% | ||
| Q3 25 | 6.3% | 5.1% | ||
| Q2 25 | 6.7% | 5.2% | ||
| Q1 25 | 4.3% | 3.2% | ||
| Q4 24 | 5.0% | 2.5% | ||
| Q3 24 | 6.0% | 2.6% | ||
| Q2 24 | 5.5% | 0.4% | ||
| Q1 24 | 3.1% | -5.2% |
净利率PRIMTOST
| Q4 25 | 2.8% | 6.2% | ||
| Q3 25 | 4.3% | 6.4% | ||
| Q2 25 | 4.5% | 5.2% | ||
| Q1 25 | 2.7% | 4.2% | ||
| Q4 24 | 3.1% | 2.4% | ||
| Q3 24 | 3.5% | 4.3% | ||
| Q2 24 | 3.2% | 1.1% | ||
| Q1 24 | 1.3% | -7.7% |
每股收益（稀释后）PRIMTOST
| Q4 25 | $0.94 | $0.18 | ||
| Q3 25 | $1.73 | $0.16 | ||
| Q2 25 | $1.54 | $0.13 | ||
| Q1 25 | $0.81 | $0.09 | ||
| Q4 24 | $0.98 | $0.09 | ||
| Q3 24 | $1.07 | $0.07 | ||
| Q2 24 | $0.91 | $0.02 | ||
| Q1 24 | $0.35 | $-0.15 |
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 | $1.4B |
| 总债务越低越好 | $469.9M | — |
| 股东权益账面价值 | $1.7B | $2.1B |
| 总资产 | $4.4B | $3.1B |
| 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PRIMTOST
| Q4 25 | $535.5M | $1.4B | ||
| Q3 25 | $431.4M | $1.4B | ||
| Q2 25 | $390.3M | $1.2B | ||
| Q1 25 | $351.6M | $1.0B | ||
| Q4 24 | $455.8M | $903.0M | ||
| Q3 24 | $352.7M | $761.0M | ||
| Q2 24 | $207.4M | $691.0M | ||
| Q1 24 | $177.6M | $578.0M |
总债务PRIMTOST
| 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PRIMTOST
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $1.2B | $1.2B |
总资产PRIMTOST
| Q4 25 | $4.4B | $3.1B | ||
| Q3 25 | $4.6B | $3.0B | ||
| Q2 25 | $4.5B | $2.8B | ||
| Q1 25 | $4.2B | $2.6B | ||
| Q4 24 | $4.2B | $2.4B | ||
| Q3 24 | $4.2B | $2.2B | ||
| Q2 24 | $4.0B | $2.2B | ||
| Q1 24 | $4.0B | $2.1B |
负债/权益比PRIMTOST
| 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 | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $121.1M | $178.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 10.9% |
| 资本支出强度资本支出/营收 | 1.2% | 1.0% |
| 现金转化率经营现金流/净利润 | 2.76× | 1.92× |
| 过去12个月自由现金流最近4个季度 | $340.5M | $608.0M |
8季度趋势，按日历期对齐
经营现金流PRIMTOST
| Q4 25 | $142.9M | $194.0M | ||
| Q3 25 | $182.9M | $165.0M | ||
| Q2 25 | $78.5M | $223.0M | ||
| Q1 25 | $66.2M | $79.0M | ||
| Q4 24 | $298.3M | $147.0M | ||
| Q3 24 | $222.5M | $109.0M | ||
| Q2 24 | $16.1M | $124.0M | ||
| Q1 24 | $-28.5M | $-20.0M |
自由现金流PRIMTOST
| Q4 25 | $121.1M | $178.0M | ||
| Q3 25 | $148.4M | $153.0M | ||
| Q2 25 | $45.3M | $208.0M | ||
| Q1 25 | $25.6M | $69.0M | ||
| Q4 24 | $270.0M | $134.0M | ||
| Q3 24 | $158.8M | $97.0M | ||
| Q2 24 | $-8.1M | $108.0M | ||
| Q1 24 | $-38.9M | $-33.0M |
自由现金流率PRIMTOST
| Q4 25 | 6.5% | 10.9% | ||
| Q3 25 | 6.8% | 9.4% | ||
| Q2 25 | 2.4% | 13.4% | ||
| Q1 25 | 1.6% | 5.2% | ||
| Q4 24 | 15.5% | 10.0% | ||
| Q3 24 | 9.6% | 7.4% | ||
| Q2 24 | -0.5% | 8.7% | ||
| Q1 24 | -2.8% | -3.1% |
资本支出强度PRIMTOST
| Q4 25 | 1.2% | 1.0% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 1.8% | 1.0% | ||
| Q1 25 | 2.5% | 0.7% | ||
| Q4 24 | 1.6% | 1.0% | ||
| Q3 24 | 3.9% | 0.9% | ||
| Q2 24 | 1.5% | 1.3% | ||
| Q1 24 | 0.7% | 1.2% |
现金转化率PRIMTOST
| Q4 25 | 2.76× | 1.92× | ||
| Q3 25 | 1.93× | 1.57× | ||
| Q2 25 | 0.93× | 2.79× | ||
| Q1 25 | 1.50× | 1.41× | ||
| Q4 24 | 5.53× | 4.59× | ||
| Q3 24 | 3.81× | 1.95× | ||
| Q2 24 | 0.32× | 8.86× | ||
| 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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
