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Primoris Services Corp（PRIM）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
泰佩思琦的季度营收约是Primoris Services Corp的1.3倍（$2.5B vs $1.9B），泰佩思琦净利率更高（22.4% vs 2.8%，领先19.6%），泰佩思琦同比增速更快（14.0% vs 6.7%），泰佩思琦自由现金流更多（$1.0B vs $121.1M），过去两年泰佩思琦的营收复合增速更高（29.9% 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。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
PRIM vs TPR — 直观对比
营收规模更大
TPR
是对方的1.3倍
$1.9B
营收增速更快
TPR
高出7.3%
6.7%
净利率更高
TPR
高出19.6%
2.8%
自由现金流更多
TPR
多$916.4M
$121.1M
两年增速更快
TPR
近两年复合增速
14.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.5B |
| 净利润 | $51.7M | $561.3M |
| 毛利率 | 9.4% | 75.5% |
| 营业利润率 | 4.2% | 28.6% |
| 净利率 | 2.8% | 22.4% |
| 营收同比 | 6.7% | 14.0% |
| 净利润同比 | -4.2% | 80.8% |
| 每股收益（稀释后） | $0.94 | $2.68 |
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PRIMTPR
| Q4 25 | $1.9B | $2.5B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | $1.7B | $2.2B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.4B | $1.5B |
净利润PRIMTPR
| Q4 25 | $51.7M | $561.3M | ||
| Q3 25 | $94.6M | $274.8M | ||
| Q2 25 | $84.3M | $-517.1M | ||
| Q1 25 | $44.2M | $203.3M | ||
| Q4 24 | $54.0M | $310.4M | ||
| Q3 24 | $58.4M | $186.6M | ||
| Q2 24 | $49.5M | $159.3M | ||
| Q1 24 | $18.9M | $139.4M |
毛利率PRIMTPR
| Q4 25 | 9.4% | 75.5% | ||
| Q3 25 | 10.8% | 76.3% | ||
| Q2 25 | 12.3% | 76.3% | ||
| Q1 25 | 10.4% | 76.1% | ||
| Q4 24 | 10.6% | 74.4% | ||
| Q3 24 | 12.0% | 75.3% | ||
| Q2 24 | 11.9% | 74.9% | ||
| Q1 24 | 9.4% | 74.7% |
营业利润率PRIMTPR
| Q4 25 | 4.2% | 28.6% | ||
| Q3 25 | 6.3% | 19.3% | ||
| Q2 25 | 6.7% | -33.9% | ||
| Q1 25 | 4.3% | 16.0% | ||
| Q4 24 | 5.0% | 22.4% | ||
| Q3 24 | 6.0% | 16.7% | ||
| Q2 24 | 5.5% | 14.8% | ||
| Q1 24 | 3.1% | 13.8% |
净利率PRIMTPR
| Q4 25 | 2.8% | 22.4% | ||
| Q3 25 | 4.3% | 16.1% | ||
| Q2 25 | 4.5% | -30.0% | ||
| Q1 25 | 2.7% | 12.8% | ||
| Q4 24 | 3.1% | 14.1% | ||
| Q3 24 | 3.5% | 12.4% | ||
| Q2 24 | 3.2% | 10.0% | ||
| Q1 24 | 1.3% | 9.4% |
每股收益（稀释后）PRIMTPR
| Q4 25 | $0.94 | $2.68 | ||
| Q3 25 | $1.73 | $1.28 | ||
| Q2 25 | $1.54 | $-2.30 | ||
| Q1 25 | $0.81 | $0.95 | ||
| Q4 24 | $0.98 | $1.38 | ||
| Q3 24 | $1.07 | $0.79 | ||
| Q2 24 | $0.91 | $0.67 | ||
| Q1 24 | $0.35 | $0.60 |
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 | $1.1B |
| 总债务越低越好 | $469.9M | $2.4B |
| 股东权益账面价值 | $1.7B | $551.2M |
| 总资产 | $4.4B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.28× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资PRIMTPR
| Q4 25 | $535.5M | $1.1B | ||
| Q3 25 | $431.4M | $743.2M | ||
| Q2 25 | $390.3M | $1.1B | ||
| Q1 25 | $351.6M | $1.1B | ||
| Q4 24 | $455.8M | $1.0B | ||
| Q3 24 | $352.7M | $7.3B | ||
| Q2 24 | $207.4M | $7.2B | ||
| Q1 24 | $177.6M | $7.4B |
总债务PRIMTPR
| Q4 25 | $469.9M | $2.4B | ||
| Q3 25 | $486.0M | $2.4B | ||
| Q2 25 | $603.1M | $2.4B | ||
| Q1 25 | $612.0M | $2.4B | ||
| Q4 24 | $734.8M | $2.4B | ||
| Q3 24 | $903.7M | $7.0B | ||
| Q2 24 | $933.0M | $6.9B | ||
| Q1 24 | $951.7M | $7.7B |
股东权益PRIMTPR
| Q4 25 | $1.7B | $551.2M | ||
| Q3 25 | $1.6B | $399.5M | ||
| Q2 25 | $1.5B | $857.8M | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.4B | $3.0B | ||
| Q2 24 | $1.3B | $2.9B | ||
| Q1 24 | $1.2B | $2.8B |
总资产PRIMTPR
| Q4 25 | $4.4B | $6.5B | ||
| Q3 25 | $4.6B | $6.4B | ||
| Q2 25 | $4.5B | $6.6B | ||
| Q1 25 | $4.2B | $7.3B | ||
| Q4 24 | $4.2B | $7.3B | ||
| Q3 24 | $4.2B | $13.7B | ||
| Q2 24 | $4.0B | $13.4B | ||
| Q1 24 | $4.0B | $13.7B |
负债/权益比PRIMTPR
| Q4 25 | 0.28× | 4.32× | ||
| Q3 25 | 0.30× | 5.95× | ||
| Q2 25 | 0.39× | 2.77× | ||
| Q1 25 | 0.42× | 1.59× | ||
| Q4 24 | 0.52× | 1.78× | ||
| Q3 24 | 0.67× | 2.35× | ||
| Q2 24 | 0.72× | 2.39× | ||
| Q1 24 | 0.76× | 2.77× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $121.1M | $1.0B |
| 自由现金流率自由现金流/营收 | 6.5% | 41.5% |
| 资本支出强度资本支出/营收 | 1.2% | 1.7% |
| 现金转化率经营现金流/净利润 | 2.76× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $340.5M | $1.6B |
8季度趋势，按日历期对齐
经营现金流PRIMTPR
| Q4 25 | $142.9M | $1.1B | ||
| Q3 25 | $182.9M | $112.6M | ||
| Q2 25 | $78.5M | $446.8M | ||
| Q1 25 | $66.2M | $144.3M | ||
| Q4 24 | $298.3M | $506.0M | ||
| Q3 24 | $222.5M | $119.5M | ||
| Q2 24 | $16.1M | $256.0M | ||
| Q1 24 | $-28.5M | $97.8M |
自由现金流PRIMTPR
| Q4 25 | $121.1M | $1.0B | ||
| Q3 25 | $148.4M | $80.2M | ||
| Q2 25 | $45.3M | $411.5M | ||
| Q1 25 | $25.6M | $113.4M | ||
| Q4 24 | $270.0M | $475.1M | ||
| Q3 24 | $158.8M | $93.9M | ||
| Q2 24 | $-8.1M | $209.8M | ||
| Q1 24 | $-38.9M | $78.8M |
自由现金流率PRIMTPR
| Q4 25 | 6.5% | 41.5% | ||
| Q3 25 | 6.8% | 4.7% | ||
| Q2 25 | 2.4% | 23.9% | ||
| Q1 25 | 1.6% | 7.2% | ||
| Q4 24 | 15.5% | 21.6% | ||
| Q3 24 | 9.6% | 6.2% | ||
| Q2 24 | -0.5% | 13.2% | ||
| Q1 24 | -2.8% | 5.3% |
资本支出强度PRIMTPR
| Q4 25 | 1.2% | 1.7% | ||
| Q3 25 | 1.6% | 1.9% | ||
| Q2 25 | 1.8% | 2.0% | ||
| Q1 25 | 2.5% | 2.0% | ||
| Q4 24 | 1.6% | 1.4% | ||
| Q3 24 | 3.9% | 1.7% | ||
| Q2 24 | 1.5% | 2.9% | ||
| Q1 24 | 0.7% | 1.3% |
现金转化率PRIMTPR
| Q4 25 | 2.76× | 1.93× | ||
| Q3 25 | 1.93× | 0.41× | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.50× | 0.71× | ||
| Q4 24 | 5.53× | 1.63× | ||
| Q3 24 | 3.81× | 0.64× | ||
| Q2 24 | 0.32× | 1.61× | ||
| Q1 24 | -1.50× | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
