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Perimeter Solutions, Inc.（PRM）与Target Hospitality Corp.（TH）财务数据对比。点击上方公司名可切换其他公司
Perimeter Solutions, Inc.的季度营收约是Target Hospitality Corp.的1.4倍（$102.8M vs $73.5M），Target Hospitality Corp.净利率更高（-20.3% vs -136.5%，领先116.1%），Target Hospitality Corp.同比增速更快（22.0% vs 19.2%），过去两年Perimeter Solutions, Inc.的营收复合增速更高（31.9% vs 0.7%）
Perimeter Solutions是一家以色列云与网络安全企业，专为各类机构打造基于零信任架构的安全远程网络方案，其技术可替代VPN、防火墙等传统安全硬件设备，助力企业简化网络安全部署，提升远程访问的安全性与效率。
Target Hospitality是一家专业住宿服务提供商，主营石油、天然气及矿业项目用工住宿，也提供大型活动、灾后救援所需的临时模块化住宿，总部位于得克萨斯州伍德兰兹，同时在北达科他州威利斯顿、科罗拉多州丹佛以及阿尔伯塔省卡尔加里设有办事处。
PRM vs TH — 直观对比
营收规模更大
PRM
是对方的1.4倍
$73.5M
营收增速更快
TH
高出2.8%
19.2%
净利率更高
TH
高出116.1%
-136.5%
两年增速更快
PRM
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $102.8M | $73.5M |
| 净利润 | $-140.2M | $-14.9M |
| 毛利率 | 45.2% | 9.6% |
| 营业利润率 | -160.7% | -22.9% |
| 净利率 | -136.5% | -20.3% |
| 营收同比 | 19.2% | 22.0% |
| 净利润同比 | -197.3% | -219.1% |
| 每股收益（稀释后） | $-0.89 | $-0.14 |
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PRMTH
| Q4 25 | $102.8M | $73.5M | ||
| Q3 25 | $315.4M | $91.6M | ||
| Q2 25 | $162.6M | $54.9M | ||
| Q1 25 | $72.0M | $54.9M | ||
| Q4 24 | $86.2M | $60.2M | ||
| Q3 24 | $288.4M | $65.8M | ||
| Q2 24 | $127.3M | $67.5M | ||
| Q1 24 | $59.0M | $72.4M |
净利润PRMTH
| Q4 25 | $-140.2M | $-14.9M | ||
| Q3 25 | $-90.7M | $-795.0K | ||
| Q2 25 | $-32.2M | $-14.9M | ||
| Q1 25 | $56.7M | $-6.5M | ||
| Q4 24 | $144.2M | $12.5M | ||
| Q3 24 | $-89.2M | $20.0M | ||
| Q2 24 | $21.6M | $18.4M | ||
| Q1 24 | $-82.6M | $20.4M |
毛利率PRMTH
| Q4 25 | 45.2% | 9.6% | ||
| Q3 25 | 63.1% | 19.6% | ||
| Q2 25 | 62.4% | -0.6% | ||
| Q1 25 | 39.1% | 32.7% | ||
| Q4 24 | 48.6% | 61.5% | ||
| Q3 24 | 62.8% | 68.7% | ||
| Q2 24 | 57.6% | 69.4% | ||
| Q1 24 | 35.1% | 67.8% |
营业利润率PRMTH
| Q4 25 | -160.7% | -22.9% | ||
| Q3 25 | -27.7% | 0.1% | ||
| Q2 25 | -16.1% | -30.8% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | 71.1% | 34.5% | ||
| Q3 24 | -12.2% | 42.5% | ||
| Q2 24 | 35.4% | 43.8% | ||
| Q1 24 | -126.8% | 42.0% |
净利率PRMTH
| Q4 25 | -136.5% | -20.3% | ||
| Q3 25 | -28.7% | -0.9% | ||
| Q2 25 | -19.8% | -27.2% | ||
| Q1 25 | 78.7% | -11.8% | ||
| Q4 24 | 167.2% | 20.8% | ||
| Q3 24 | -30.9% | 30.4% | ||
| Q2 24 | 17.0% | 27.2% | ||
| Q1 24 | -139.8% | 28.2% |
每股收益（稀释后）PRMTH
| Q4 25 | $-0.89 | $-0.14 | ||
| Q3 25 | $-0.62 | $-0.01 | ||
| Q2 25 | $-0.22 | $-0.15 | ||
| Q1 25 | $0.36 | $-0.07 | ||
| Q4 24 | $1.00 | $0.12 | ||
| Q3 24 | $-0.61 | $0.20 | ||
| Q2 24 | $0.14 | $0.18 | ||
| Q1 24 | $-0.57 | $0.20 |
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 | $325.9M | $8.3M |
| 总债务越低越好 | $669.1M | $1.7M |
| 股东权益账面价值 | $1.1B | $389.3M |
| 总资产 | $2.7B | $530.2M |
| 负债/权益比越低杠杆越低 | 0.59× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资PRMTH
| Q4 25 | $325.9M | $8.3M | ||
| Q3 25 | $340.6M | $30.4M | ||
| Q2 25 | $140.7M | $19.2M | ||
| Q1 25 | $200.1M | $34.5M | ||
| Q4 24 | $198.5M | $190.7M | ||
| Q3 24 | $223.1M | $177.7M | ||
| Q2 24 | $43.2M | $154.3M | ||
| Q1 24 | $38.7M | $124.3M |
总债务PRMTH
| Q4 25 | $669.1M | $1.7M | ||
| Q3 25 | $668.8M | $2.0M | ||
| Q2 25 | $668.4M | $26.3M | ||
| Q1 25 | $668.1M | $42.9M | ||
| Q4 24 | $667.8M | $1.5M | ||
| Q3 24 | $667.4M | $994.0K | ||
| Q2 24 | $667.1M | $1.1M | ||
| Q1 24 | $666.8M | $179.9M |
股东权益PRMTH
| Q4 25 | $1.1B | $389.3M | ||
| Q3 25 | $1.1B | $402.4M | ||
| Q2 25 | $1.2B | $401.3M | ||
| Q1 25 | $1.2B | $415.3M | ||
| Q4 24 | $1.2B | $421.1M | ||
| Q3 24 | $1.0B | $417.6M | ||
| Q2 24 | $1.1B | $397.2M | ||
| Q1 24 | $1.1B | $375.5M |
总资产PRMTH
| Q4 25 | $2.7B | $530.2M | ||
| Q3 25 | $2.6B | $541.2M | ||
| Q2 25 | $2.5B | $533.7M | ||
| Q1 25 | $2.4B | $562.5M | ||
| Q4 24 | $2.4B | $725.8M | ||
| Q3 24 | $2.5B | $709.8M | ||
| Q2 24 | $2.3B | $697.0M | ||
| Q1 24 | $2.3B | $687.2M |
负债/权益比PRMTH
| Q4 25 | 0.59× | 0.00× | ||
| Q3 25 | 0.60× | 0.01× | ||
| Q2 25 | 0.57× | 0.07× | ||
| Q1 25 | 0.55× | 0.10× | ||
| Q4 24 | 0.58× | 0.00× | ||
| Q3 24 | 0.67× | 0.00× | ||
| Q2 24 | 0.62× | 0.00× | ||
| Q1 24 | 0.63× | 0.48× |
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 | $18.6M | $5.7M |
| 自由现金流经营现金流 - 资本支出 | $11.6M | — |
| 自由现金流率自由现金流/营收 | 11.3% | — |
| 资本支出强度资本支出/营收 | 6.8% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $208.6M | — |
8季度趋势，按日历期对齐
经营现金流PRMTH
| Q4 25 | $18.6M | $5.7M | ||
| Q3 25 | $198.7M | $53.4M | ||
| Q2 25 | $-2.9M | $11.1M | ||
| Q1 25 | $23.7M | $3.9M | ||
| Q4 24 | $-6.0M | $30.6M | ||
| Q3 24 | $183.0M | $31.4M | ||
| Q2 24 | $8.6M | $39.1M | ||
| Q1 24 | $2.8M | $50.6M |
自由现金流PRMTH
| Q4 25 | $11.6M | — | ||
| Q3 25 | $193.6M | — | ||
| Q2 25 | $-15.6M | — | ||
| Q1 25 | $18.9M | $-11.6M | ||
| Q4 24 | $-12.4M | — | ||
| Q3 24 | $179.1M | — | ||
| Q2 24 | $5.0M | — | ||
| Q1 24 | $1.2M | — |
自由现金流率PRMTH
| Q4 25 | 11.3% | — | ||
| Q3 25 | 61.4% | — | ||
| Q2 25 | -9.6% | — | ||
| Q1 25 | 26.3% | -21.1% | ||
| Q4 24 | -14.4% | — | ||
| Q3 24 | 62.1% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 2.1% | — |
资本支出强度PRMTH
| Q4 25 | 6.8% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 6.7% | 28.2% | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 2.6% | — |
现金转化率PRMTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.42× | — | ||
| Q4 24 | -0.04× | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | 0.40× | 2.13× | ||
| Q1 24 | — | 2.48× |
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
PRM
| Products | $87.7M | 85% |
| Service And Other | $14.8M | 14% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
