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Primoris Services Corp（PRIM）与微博公司（WB）财务数据对比。点击上方公司名可切换其他公司
Primoris Services Corp的季度营收约是微博公司的1.4倍（$1.9B vs $1.3B），微博公司净利率更高（35.7% vs 2.8%，领先32.9%），过去两年微博公司的营收复合增速更高（22.6% 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。
微博公司是中国知名的社交网络企业，旗下运营的新浪微博是国内极具影响力的微博客平台，公司总部位于中国北京，为数以亿计的用户提供社交互动、资讯传播、内容创作等多元互联网服务。
PRIM vs WB — 直观对比
营收规模更大
PRIM
是对方的1.4倍
$1.3B
净利率更高
WB
高出32.9%
2.8%
两年增速更快
WB
近两年复合增速
14.7%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.3B |
| 净利润 | $51.7M | $458.3M |
| 毛利率 | 9.4% | — |
| 营业利润率 | 4.2% | 29.1% |
| 净利率 | 2.8% | 35.7% |
| 营收同比 | 6.7% | — |
| 净利润同比 | -4.2% | — |
| 每股收益（稀释后） | $0.94 | — |
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PRIMWB
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $1.9B | $841.7M | ||
| Q1 25 | $1.6B | $396.9M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.6B | $833.4M | ||
| Q1 24 | $1.4B | $395.5M |
净利润PRIMWB
| Q4 25 | $51.7M | — | ||
| Q3 25 | $94.6M | $458.3M | ||
| Q2 25 | $84.3M | $234.8M | ||
| Q1 25 | $44.2M | $108.1M | ||
| Q4 24 | $54.0M | — | ||
| Q3 24 | $58.4M | $297.4M | ||
| Q2 24 | $49.5M | $164.6M | ||
| Q1 24 | $18.9M | $51.1M |
毛利率PRIMWB
| Q4 25 | 9.4% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 12.3% | — | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 12.0% | — | ||
| Q2 24 | 11.9% | — | ||
| Q1 24 | 9.4% | — |
营业利润率PRIMWB
| Q4 25 | 4.2% | — | ||
| Q3 25 | 6.3% | 29.1% | ||
| Q2 25 | 6.7% | 30.4% | ||
| Q1 25 | 4.3% | 27.8% | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 6.0% | 29.0% | ||
| Q2 24 | 5.5% | 28.2% | ||
| Q1 24 | 3.1% | 25.2% |
净利率PRIMWB
| Q4 25 | 2.8% | — | ||
| Q3 25 | 4.3% | 35.7% | ||
| Q2 25 | 4.5% | 27.9% | ||
| Q1 25 | 2.7% | 27.2% | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 3.5% | 22.9% | ||
| Q2 24 | 3.2% | 19.8% | ||
| Q1 24 | 1.3% | 12.9% |
每股收益（稀释后）PRIMWB
| Q4 25 | $0.94 | — | ||
| Q3 25 | $1.73 | — | ||
| Q2 25 | $1.54 | — | ||
| Q1 25 | $0.81 | — | ||
| Q4 24 | $0.98 | — | ||
| Q3 24 | $1.07 | — | ||
| Q2 24 | $0.91 | — | ||
| Q1 24 | $0.35 | — |
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 | — |
| 股东权益账面价值 | $1.7B | $3.9B |
| 总资产 | $4.4B | $6.9B |
| 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PRIMWB
| Q4 25 | $535.5M | — | ||
| Q3 25 | $431.4M | $1.1B | ||
| Q2 25 | $390.3M | $1.2B | ||
| Q1 25 | $351.6M | $1.2B | ||
| Q4 24 | $455.8M | — | ||
| Q3 24 | $352.7M | — | ||
| Q2 24 | $207.4M | $1.9B | ||
| Q1 24 | $177.6M | $2.1B |
总债务PRIMWB
| 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PRIMWB
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.6B | $3.9B | ||
| Q2 25 | $1.5B | $3.6B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.3B | $3.4B | ||
| Q1 24 | $1.2B | $3.3B |
总资产PRIMWB
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.6B | $6.9B | ||
| Q2 25 | $4.5B | $6.5B | ||
| Q1 25 | $4.2B | $6.7B | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.0B | $7.1B | ||
| Q1 24 | $4.0B | $7.3B |
负债/权益比PRIMWB
| 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 | — |
| 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× | — |
| 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PRIMWB
| Q4 25 | $142.9M | — | ||
| Q3 25 | $182.9M | — | ||
| Q2 25 | $78.5M | — | ||
| Q1 25 | $66.2M | — | ||
| Q4 24 | $298.3M | — | ||
| Q3 24 | $222.5M | — | ||
| Q2 24 | $16.1M | — | ||
| Q1 24 | $-28.5M | — |
自由现金流PRIMWB
| 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PRIMWB
| 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PRIMWB
| 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PRIMWB
| Q4 25 | 2.76× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.50× | — | ||
| Q4 24 | 5.53× | — | ||
| Q3 24 | 3.81× | — | ||
| Q2 24 | 0.32× | — | ||
| 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% |
WB
| Income from operations | $373.2M | 29% |
| Shares used in computing diluted net income per share attributable to Weibos shareholders | $268.1M | 21% |
| Shares used in computing basic net income per share attributable to Weibos shareholders | $238.6M | 19% |
| Value-added services | $186.1M | 14% |
| Less: Income tax expenses | $113.2M | 9% |
| Investment related income, net | $45.0M | 4% |
| Product development | $16.7M | 1% |
| General and administrative | $10.6M | 1% |
| Sales and marketing | $7.1M | 1% |
| Accretion to redeemable non-controlling interests | $3.0M | 0% |
