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Primoris Services Corp（PRIM）与维谛技术（VRT）财务数据对比。点击上方公司名可切换其他公司
维谛技术的季度营收约是Primoris Services Corp的1.4倍（$2.6B vs $1.9B），维谛技术净利率更高（14.7% vs 2.8%，领先11.9%），维谛技术同比增速更快（30.1% vs 6.7%），维谛技术自由现金流更多（$652.8M vs $121.1M），过去两年维谛技术的营收复合增速更高（16.5% 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。
维谛技术（Vertiv）是一家美国跨国企业，专注于为数据中心、通信网络、商业及工业场景提供关键基础设施及配套服务，旗下方案可有效保障各行业客户关键业务系统的稳定高效运行。
PRIM vs VRT — 直观对比
营收规模更大
VRT
是对方的1.4倍
$1.9B
营收增速更快
VRT
高出23.5%
6.7%
净利率更高
VRT
高出11.9%
2.8%
自由现金流更多
VRT
多$531.7M
$121.1M
两年增速更快
VRT
近两年复合增速
14.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.6B |
| 净利润 | $51.7M | $390.1M |
| 毛利率 | 9.4% | 37.7% |
| 营业利润率 | 4.2% | — |
| 净利率 | 2.8% | 14.7% |
| 营收同比 | 6.7% | 30.1% |
| 净利润同比 | -4.2% | — |
| 每股收益（稀释后） | $0.94 | $0.99 |
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PRIMVRT
| Q1 26 | — | $2.6B | ||
| Q4 25 | $1.9B | $2.9B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $1.6B | $2.0B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.6B | $2.0B |
净利润PRIMVRT
| Q1 26 | — | $390.1M | ||
| Q4 25 | $51.7M | $445.6M | ||
| Q3 25 | $94.6M | $398.5M | ||
| Q2 25 | $84.3M | $324.2M | ||
| Q1 25 | $44.2M | $164.5M | ||
| Q4 24 | $54.0M | $147.0M | ||
| Q3 24 | $58.4M | $176.6M | ||
| Q2 24 | $49.5M | $178.1M |
毛利率PRIMVRT
| Q1 26 | — | 37.7% | ||
| Q4 25 | 9.4% | 38.9% | ||
| Q3 25 | 10.8% | 37.8% | ||
| Q2 25 | 12.3% | 34.0% | ||
| Q1 25 | 10.4% | 33.7% | ||
| Q4 24 | 10.6% | 37.1% | ||
| Q3 24 | 12.0% | 36.5% | ||
| Q2 24 | 11.9% | 38.0% |
营业利润率PRIMVRT
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 20.1% | ||
| Q3 25 | 6.3% | 19.3% | ||
| Q2 25 | 6.7% | 16.8% | ||
| Q1 25 | 4.3% | 14.3% | ||
| Q4 24 | 5.0% | 19.5% | ||
| Q3 24 | 6.0% | 17.9% | ||
| Q2 24 | 5.5% | 17.2% |
净利率PRIMVRT
| Q1 26 | — | 14.7% | ||
| Q4 25 | 2.8% | 15.5% | ||
| Q3 25 | 4.3% | 14.9% | ||
| Q2 25 | 4.5% | 12.3% | ||
| Q1 25 | 2.7% | 8.1% | ||
| Q4 24 | 3.1% | 6.3% | ||
| Q3 24 | 3.5% | 8.5% | ||
| Q2 24 | 3.2% | 9.1% |
每股收益（稀释后）PRIMVRT
| Q1 26 | — | $0.99 | ||
| Q4 25 | $0.94 | $1.14 | ||
| Q3 25 | $1.73 | $1.02 | ||
| Q2 25 | $1.54 | $0.83 | ||
| Q1 25 | $0.81 | $0.42 | ||
| Q4 24 | $0.98 | $0.38 | ||
| Q3 24 | $1.07 | $0.46 | ||
| Q2 24 | $0.91 | $0.46 |
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 | $2.5B |
| 总债务越低越好 | $469.9M | $0 |
| 股东权益账面价值 | $1.7B | $4.2B |
| 总资产 | $4.4B | $13.4B |
| 负债/权益比越低杠杆越低 | 0.28× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资PRIMVRT
| Q1 26 | — | $2.5B | ||
| Q4 25 | $535.5M | $1.7B | ||
| Q3 25 | $431.4M | $1.4B | ||
| Q2 25 | $390.3M | $1.6B | ||
| Q1 25 | $351.6M | $1.5B | ||
| Q4 24 | $455.8M | $1.2B | ||
| Q3 24 | $352.7M | $908.7M | ||
| Q2 24 | $207.4M | $579.7M |
总债务PRIMVRT
| Q1 26 | — | $0 | ||
| Q4 25 | $469.9M | $2.9B | ||
| Q3 25 | $486.0M | $2.9B | ||
| Q2 25 | $603.1M | $2.9B | ||
| Q1 25 | $612.0M | $2.9B | ||
| Q4 24 | $734.8M | $2.9B | ||
| Q3 24 | $903.7M | $2.9B | ||
| Q2 24 | $933.0M | $2.9B |
股东权益PRIMVRT
| Q1 26 | — | $4.2B | ||
| Q4 25 | $1.7B | $3.9B | ||
| Q3 25 | $1.6B | $3.5B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.4B | $2.7B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.3B | $1.5B |
总资产PRIMVRT
| Q1 26 | — | $13.4B | ||
| Q4 25 | $4.4B | $12.2B | ||
| Q3 25 | $4.6B | $10.8B | ||
| Q2 25 | $4.5B | $10.4B | ||
| Q1 25 | $4.2B | $9.5B | ||
| Q4 24 | $4.2B | $9.1B | ||
| Q3 24 | $4.2B | $8.9B | ||
| Q2 24 | $4.0B | $8.1B |
负债/权益比PRIMVRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.28× | 0.74× | ||
| Q3 25 | 0.30× | 0.83× | ||
| Q2 25 | 0.39× | 0.93× | ||
| Q1 25 | 0.42× | 1.10× | ||
| Q4 24 | 0.52× | 1.20× | ||
| Q3 24 | 0.67× | 1.62× | ||
| Q2 24 | 0.72× | 1.91× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $121.1M | $652.8M |
| 自由现金流率自由现金流/营收 | 6.5% | 24.6% |
| 资本支出强度资本支出/营收 | 1.2% | 4.2% |
| 现金转化率经营现金流/净利润 | 2.76× | — |
| 过去12个月自由现金流最近4个季度 | $340.5M | $2.3B |
8季度趋势，按日历期对齐
经营现金流PRIMVRT
| Q1 26 | — | — | ||
| Q4 25 | $142.9M | $978.9M | ||
| Q3 25 | $182.9M | $508.7M | ||
| Q2 25 | $78.5M | $322.9M | ||
| Q1 25 | $66.2M | $303.3M | ||
| Q4 24 | $298.3M | $425.2M | ||
| Q3 24 | $222.5M | $378.2M | ||
| Q2 24 | $16.1M | $378.4M |
自由现金流PRIMVRT
| Q1 26 | — | $652.8M | ||
| Q4 25 | $121.1M | $885.6M | ||
| Q3 25 | $148.4M | $463.5M | ||
| Q2 25 | $45.3M | $277.9M | ||
| Q1 25 | $25.6M | $266.8M | ||
| Q4 24 | $270.0M | $364.5M | ||
| Q3 24 | $158.8M | $341.8M | ||
| Q2 24 | $-8.1M | $344.3M |
自由现金流率PRIMVRT
| Q1 26 | — | 24.6% | ||
| Q4 25 | 6.5% | 30.8% | ||
| Q3 25 | 6.8% | 17.3% | ||
| Q2 25 | 2.4% | 10.5% | ||
| Q1 25 | 1.6% | 13.1% | ||
| Q4 24 | 15.5% | 15.5% | ||
| Q3 24 | 9.6% | 16.5% | ||
| Q2 24 | -0.5% | 17.6% |
资本支出强度PRIMVRT
| Q1 26 | — | 4.2% | ||
| Q4 25 | 1.2% | 3.2% | ||
| Q3 25 | 1.6% | 1.7% | ||
| Q2 25 | 1.8% | 1.7% | ||
| Q1 25 | 2.5% | 1.8% | ||
| Q4 24 | 1.6% | 2.6% | ||
| Q3 24 | 3.9% | 1.8% | ||
| Q2 24 | 1.5% | 1.7% |
现金转化率PRIMVRT
| Q1 26 | — | — | ||
| Q4 25 | 2.76× | 2.20× | ||
| Q3 25 | 1.93× | 1.28× | ||
| Q2 25 | 0.93× | 1.00× | ||
| Q1 25 | 1.50× | 1.84× | ||
| Q4 24 | 5.53× | 2.89× | ||
| Q3 24 | 3.81× | 2.14× | ||
| Q2 24 | 0.32× | 2.12× |
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% |
VRT
暂无分部数据
