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Primoris Services Corp（PRIM）与沃特世（WAT）财务数据对比。点击上方公司名可切换其他公司
Primoris Services Corp的季度营收约是沃特世的2.0倍（$1.9B vs $932.4M），沃特世净利率更高（24.2% vs 2.8%，领先21.4%），沃特世同比增速更快（6.8% vs 6.7%），过去两年沃特世的营收复合增速更高（21.0% 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。
沃特世是总部位于美国马萨诸塞州米尔福德的企业，面向生命科学、材料、食品等行业，提供色谱、质谱、实验室信息学、流变测量领域所用的分析仪器及配套软件，为各领域的检测、研发等工作提供可靠技术支持。
PRIM vs WAT — 直观对比
营收规模更大
PRIM
是对方的2.0倍
$932.4M
营收增速更快
WAT
高出0.2%
6.7%
净利率更高
WAT
高出21.4%
2.8%
两年增速更快
WAT
近两年复合增速
14.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $932.4M |
| 净利润 | $51.7M | $225.2M |
| 毛利率 | 9.4% | 61.1% |
| 营业利润率 | 4.2% | 29.0% |
| 净利率 | 2.8% | 24.2% |
| 营收同比 | 6.7% | 6.8% |
| 净利润同比 | -4.2% | -2.7% |
| 每股收益（稀释后） | $0.94 | $3.76 |
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PRIMWAT
| Q4 25 | $1.9B | $932.4M | ||
| Q3 25 | $2.2B | $799.9M | ||
| Q2 25 | $1.9B | $771.3M | ||
| Q1 25 | $1.6B | $661.7M | ||
| Q4 24 | $1.7B | $872.7M | ||
| Q3 24 | $1.6B | $740.3M | ||
| Q2 24 | $1.6B | $708.5M | ||
| Q1 24 | $1.4B | $636.8M |
净利润PRIMWAT
| Q4 25 | $51.7M | $225.2M | ||
| Q3 25 | $94.6M | $148.9M | ||
| Q2 25 | $84.3M | $147.1M | ||
| Q1 25 | $44.2M | $121.4M | ||
| Q4 24 | $54.0M | $231.4M | ||
| Q3 24 | $58.4M | $161.5M | ||
| Q2 24 | $49.5M | $142.7M | ||
| Q1 24 | $18.9M | $102.2M |
毛利率PRIMWAT
| Q4 25 | 9.4% | 61.1% | ||
| Q3 25 | 10.8% | 59.0% | ||
| Q2 25 | 12.3% | 58.3% | ||
| Q1 25 | 10.4% | 58.2% | ||
| Q4 24 | 10.6% | 60.1% | ||
| Q3 24 | 12.0% | 59.3% | ||
| Q2 24 | 11.9% | 59.3% | ||
| Q1 24 | 9.4% | 58.9% |
营业利润率PRIMWAT
| Q4 25 | 4.2% | 29.0% | ||
| Q3 25 | 6.3% | 24.0% | ||
| Q2 25 | 6.7% | 24.4% | ||
| Q1 25 | 4.3% | 22.9% | ||
| Q4 24 | 5.0% | 33.5% | ||
| Q3 24 | 6.0% | 28.5% | ||
| Q2 24 | 5.5% | 26.7% | ||
| Q1 24 | 3.1% | 21.0% |
净利率PRIMWAT
| Q4 25 | 2.8% | 24.2% | ||
| Q3 25 | 4.3% | 18.6% | ||
| Q2 25 | 4.5% | 19.1% | ||
| Q1 25 | 2.7% | 18.3% | ||
| Q4 24 | 3.1% | 26.5% | ||
| Q3 24 | 3.5% | 21.8% | ||
| Q2 24 | 3.2% | 20.1% | ||
| Q1 24 | 1.3% | 16.0% |
每股收益（稀释后）PRIMWAT
| Q4 25 | $0.94 | $3.76 | ||
| Q3 25 | $1.73 | $2.50 | ||
| Q2 25 | $1.54 | $2.47 | ||
| Q1 25 | $0.81 | $2.03 | ||
| Q4 24 | $0.98 | $3.88 | ||
| Q3 24 | $1.07 | $2.71 | ||
| Q2 24 | $0.91 | $2.40 | ||
| Q1 24 | $0.35 | $1.72 |
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 | $587.8M |
| 总债务越低越好 | $469.9M | $1.4B |
| 股东权益账面价值 | $1.7B | $2.6B |
| 总资产 | $4.4B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.28× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资PRIMWAT
| Q4 25 | $535.5M | $587.8M | ||
| Q3 25 | $431.4M | $459.1M | ||
| Q2 25 | $390.3M | $367.2M | ||
| Q1 25 | $351.6M | $382.9M | ||
| Q4 24 | $455.8M | $325.4M | ||
| Q3 24 | $352.7M | $331.5M | ||
| Q2 24 | $207.4M | $327.4M | ||
| Q1 24 | $177.6M | $338.2M |
总债务PRIMWAT
| Q4 25 | $469.9M | $1.4B | ||
| Q3 25 | $486.0M | — | ||
| Q2 25 | $603.1M | — | ||
| Q1 25 | $612.0M | — | ||
| Q4 24 | $734.8M | $1.6B | ||
| Q3 24 | $903.7M | — | ||
| Q2 24 | $933.0M | — | ||
| Q1 24 | $951.7M | — |
股东权益PRIMWAT
| Q4 25 | $1.7B | $2.6B | ||
| Q3 25 | $1.6B | $2.3B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.4B | $2.0B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.2B | $1.3B |
总资产PRIMWAT
| Q4 25 | $4.4B | $5.1B | ||
| Q3 25 | $4.6B | $4.9B | ||
| Q2 25 | $4.5B | $4.7B | ||
| Q1 25 | $4.2B | $4.6B | ||
| Q4 24 | $4.2B | $4.6B | ||
| Q3 24 | $4.2B | $4.5B | ||
| Q2 24 | $4.0B | $4.4B | ||
| Q1 24 | $4.0B | $4.5B |
负债/权益比PRIMWAT
| Q4 25 | 0.28× | 0.55× | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.39× | — | ||
| Q1 25 | 0.42× | — | ||
| Q4 24 | 0.52× | 0.89× | ||
| 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 | $164.6M |
| 自由现金流经营现金流 - 资本支出 | $121.1M | — |
| 自由现金流率自由现金流/营收 | 6.5% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | 2.76× | 0.73× |
| 过去12个月自由现金流最近4个季度 | $340.5M | — |
8季度趋势，按日历期对齐
经营现金流PRIMWAT
| Q4 25 | $142.9M | $164.6M | ||
| Q3 25 | $182.9M | $187.3M | ||
| Q2 25 | $78.5M | $41.1M | ||
| Q1 25 | $66.2M | $259.6M | ||
| Q4 24 | $298.3M | $240.1M | ||
| Q3 24 | $222.5M | $204.6M | ||
| Q2 24 | $16.1M | $54.5M | ||
| Q1 24 | $-28.5M | $262.9M |
自由现金流PRIMWAT
| Q4 25 | $121.1M | — | ||
| Q3 25 | $148.4M | — | ||
| Q2 25 | $45.3M | — | ||
| Q1 25 | $25.6M | — | ||
| Q4 24 | $270.0M | — | ||
| Q3 24 | $158.8M | — | ||
| Q2 24 | $-8.1M | — | ||
| Q1 24 | $-38.9M | — |
自由现金流率PRIMWAT
| Q4 25 | 6.5% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | -0.5% | — | ||
| Q1 24 | -2.8% | — |
资本支出强度PRIMWAT
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 0.7% | — |
现金转化率PRIMWAT
| Q4 25 | 2.76× | 0.73× | ||
| Q3 25 | 1.93× | 1.26× | ||
| Q2 25 | 0.93× | 0.28× | ||
| Q1 25 | 1.50× | 2.14× | ||
| Q4 24 | 5.53× | 1.04× | ||
| Q3 24 | 3.81× | 1.27× | ||
| Q2 24 | 0.32× | 0.38× | ||
| Q1 24 | -1.50× | 2.57× |
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% |
WAT
暂无分部数据
