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Primo Brands Corp（PRMB）与QVC Group, Inc.（QVCGA）财务数据对比。点击上方公司名可切换其他公司
QVC Group, Inc.的季度营收约是Primo Brands Corp的1.7倍（$2.7B vs $1.6B），Primo Brands Corp净利率更高（-0.8% vs -1.4%，领先0.5%），QVC Group, Inc.自由现金流更多（$191.0M vs $57.3M）
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
PRMB vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.7倍
$1.6B
净利率更高
PRMB
高出0.5%
-1.4%
自由现金流更多
QVCGA
多$133.7M
$57.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.7B |
| 净利润 | $-13.0M | $-37.0M |
| 毛利率 | 27.7% | 32.9% |
| 营业利润率 | 1.2% | 3.7% |
| 净利率 | -0.8% | -1.4% |
| 营收同比 | — | -9.1% |
| 净利润同比 | — | 97.1% |
| 每股收益（稀释后） | $-0.03 | $-17.37 |
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PRMBQVCGA
| Q4 25 | $1.6B | $2.7B | ||
| Q3 25 | $1.8B | $2.2B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $0 | $2.3B | ||
| Q2 24 | $1.3B | $2.4B | ||
| Q1 24 | $1.1B | $2.3B |
净利润PRMBQVCGA
| Q4 25 | $-13.0M | $-37.0M | ||
| Q3 25 | $16.8M | $-80.0M | ||
| Q2 25 | $27.6M | $-2.2B | ||
| Q1 25 | $28.7M | $-100.0M | ||
| Q4 24 | — | $-1.3B | ||
| Q3 24 | $-2.0K | $-23.0M | ||
| Q2 24 | $54.5M | $20.0M | ||
| Q1 24 | $33.5M | $-1.0M |
毛利率PRMBQVCGA
| Q4 25 | 27.7% | 32.9% | ||
| Q3 25 | 29.9% | 34.0% | ||
| Q2 25 | 31.3% | 36.4% | ||
| Q1 25 | 32.3% | 34.2% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | 32.7% | 36.4% | ||
| Q1 24 | 30.4% | 35.5% |
营业利润率PRMBQVCGA
| Q4 25 | 1.2% | 3.7% | ||
| Q3 25 | 8.3% | 2.7% | ||
| Q2 25 | 6.5% | -101.6% | ||
| Q1 25 | 9.5% | 0.7% | ||
| Q4 24 | — | -43.2% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | 12.1% | 6.9% | ||
| Q1 24 | 11.0% | 6.2% |
净利率PRMBQVCGA
| Q4 25 | -0.8% | -1.4% | ||
| Q3 25 | 1.0% | -3.6% | ||
| Q2 25 | 1.6% | -99.4% | ||
| Q1 25 | 1.8% | -4.8% | ||
| Q4 24 | — | -43.7% | ||
| Q3 24 | — | -1.0% | ||
| Q2 24 | 4.1% | 0.8% | ||
| Q1 24 | 2.9% | -0.0% |
每股收益（稀释后）PRMBQVCGA
| Q4 25 | $-0.03 | $-17.37 | ||
| Q3 25 | $0.04 | $-9.89 | ||
| Q2 25 | $0.07 | $-275.46 | ||
| Q1 25 | $0.08 | $-0.25 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-20.00 | $-0.06 | ||
| Q2 24 | $0.25 | $2.57 | ||
| Q1 24 | $0.15 | — |
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 | $376.7M | $2.0B |
| 总债务越低越好 | $5.2B | $790.0M |
| 股东权益账面价值 | $3.0B | $-3.1B |
| 总资产 | $10.6B | $7.6B |
| 负债/权益比越低杠杆越低 | 1.72× | — |
8季度趋势，按日历期对齐
现金及短期投资PRMBQVCGA
| Q4 25 | $376.7M | $2.0B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $897.0M | ||
| Q1 25 | — | $833.0M | ||
| Q4 24 | — | $905.0M | ||
| Q3 24 | — | $873.0M | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.1B |
总债务PRMBQVCGA
| Q4 25 | $5.2B | $790.0M | ||
| Q3 25 | $5.1B | $5.9B | ||
| Q2 25 | $5.1B | $4.9B | ||
| Q1 25 | $5.0B | $5.0B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.3B | ||
| Q1 24 | — | $5.5B |
股东权益PRMBQVCGA
| Q4 25 | $3.0B | $-3.1B | ||
| Q3 25 | $3.2B | $-3.1B | ||
| Q2 25 | $3.2B | $-3.0B | ||
| Q1 25 | $3.3B | $-981.0M | ||
| Q4 24 | — | $-971.0M | ||
| Q3 24 | $-2.0K | $397.0M | ||
| Q2 24 | $-296.8M | $328.0M | ||
| Q1 24 | $-349.8M | $255.0M |
总资产PRMBQVCGA
| Q4 25 | $10.6B | $7.6B | ||
| Q3 25 | $11.0B | $7.6B | ||
| Q2 25 | $11.0B | $6.7B | ||
| Q1 25 | $11.0B | $9.0B | ||
| Q4 24 | — | $9.2B | ||
| Q3 24 | $0 | $10.8B | ||
| Q2 24 | — | $10.9B | ||
| Q1 24 | — | $11.0B |
负债/权益比PRMBQVCGA
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.61× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.74× | ||
| Q2 24 | — | 16.28× | ||
| Q1 24 | — | 21.53× |
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 | $203.1M | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $57.3M | $191.0M |
| 自由现金流率自由现金流/营收 | 3.7% | 7.1% |
| 资本支出强度资本支出/营收 | 9.4% | 2.0% |
| 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 | $302.9M | $118.0M |
8季度趋势，按日历期对齐
经营现金流PRMBQVCGA
| Q4 25 | $203.1M | $244.0M | ||
| Q3 25 | $283.4M | $4.0M | ||
| Q2 25 | $155.0M | $86.0M | ||
| Q1 25 | $38.8M | $-60.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | $0 | $20.0M | ||
| Q2 24 | $102.5M | $267.0M | ||
| Q1 24 | $6.0M | $26.0M |
自由现金流PRMBQVCGA
| Q4 25 | $57.3M | $191.0M | ||
| Q3 25 | $167.7M | $-27.0M | ||
| Q2 25 | $101.1M | $48.0M | ||
| Q1 25 | $-23.2M | $-94.0M | ||
| Q4 24 | — | $150.0M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | $61.4M | $213.0M | ||
| Q1 24 | $-17.5M | $-14.0M |
自由现金流率PRMBQVCGA
| Q4 25 | 3.7% | 7.1% | ||
| Q3 25 | 9.5% | -1.2% | ||
| Q2 25 | 5.8% | 2.1% | ||
| Q1 25 | -1.4% | -4.5% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | -1.0% | ||
| Q2 24 | 4.7% | 8.8% | ||
| Q1 24 | -1.5% | -0.6% |
资本支出强度PRMBQVCGA
| Q4 25 | 9.4% | 2.0% | ||
| Q3 25 | 6.6% | 1.4% | ||
| Q2 25 | 3.1% | 1.7% | ||
| Q1 25 | 3.8% | 1.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | 3.1% | 2.2% | ||
| Q1 24 | 2.1% | 1.7% |
现金转化率PRMBQVCGA
| Q4 25 | — | — | ||
| Q3 25 | 16.87× | — | ||
| Q2 25 | 5.62× | — | ||
| Q1 25 | 1.35× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.88× | 13.35× | ||
| Q1 24 | 0.18× | — |
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
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
