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Primo Brands Corp（PRMB）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
Snap Inc的季度营收约是Primo Brands Corp的1.1倍（$1.7B vs $1.6B），Snap Inc净利率更高（2.6% vs -0.8%，领先3.5%），Snap Inc自由现金流更多（$205.6M 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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
PRMB vs SNAP — 直观对比
营收规模更大
SNAP
是对方的1.1倍
$1.6B
净利率更高
SNAP
高出3.5%
-0.8%
自由现金流更多
SNAP
多$148.3M
$57.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.7B |
| 净利润 | $-13.0M | $45.2M |
| 毛利率 | 27.7% | 59.1% |
| 营业利润率 | 1.2% | 2.9% |
| 净利率 | -0.8% | 2.6% |
| 营收同比 | — | 10.2% |
| 净利润同比 | — | 396.7% |
| 每股收益（稀释后） | $-0.03 | $0.03 |
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PRMBSNAP
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $0 | $1.4B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.1B | $1.2B |
净利润PRMBSNAP
| Q4 25 | $-13.0M | $45.2M | ||
| Q3 25 | $16.8M | $-103.5M | ||
| Q2 25 | $27.6M | $-262.6M | ||
| Q1 25 | $28.7M | $-139.6M | ||
| Q4 24 | — | $9.1M | ||
| Q3 24 | $-2.0K | $-153.2M | ||
| Q2 24 | $54.5M | $-248.6M | ||
| Q1 24 | $33.5M | $-305.1M |
毛利率PRMBSNAP
| Q4 25 | 27.7% | 59.1% | ||
| Q3 25 | 29.9% | 55.3% | ||
| Q2 25 | 31.3% | 51.4% | ||
| Q1 25 | 32.3% | 53.1% | ||
| Q4 24 | — | 56.9% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | 32.7% | 52.4% | ||
| Q1 24 | 30.4% | 51.9% |
营业利润率PRMBSNAP
| Q4 25 | 1.2% | 2.9% | ||
| Q3 25 | 8.3% | -8.5% | ||
| Q2 25 | 6.5% | -19.3% | ||
| Q1 25 | 9.5% | -14.2% | ||
| Q4 24 | — | -1.7% | ||
| Q3 24 | — | -12.6% | ||
| Q2 24 | 12.1% | -20.5% | ||
| Q1 24 | 11.0% | -27.9% |
净利率PRMBSNAP
| Q4 25 | -0.8% | 2.6% | ||
| Q3 25 | 1.0% | -6.9% | ||
| Q2 25 | 1.6% | -19.5% | ||
| Q1 25 | 1.8% | -10.2% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | -11.2% | ||
| Q2 24 | 4.1% | -20.1% | ||
| Q1 24 | 2.9% | -25.5% |
每股收益（稀释后）PRMBSNAP
| Q4 25 | $-0.03 | $0.03 | ||
| Q3 25 | $0.04 | $-0.06 | ||
| Q2 25 | $0.07 | $-0.16 | ||
| Q1 25 | $0.08 | $-0.08 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | $-20.00 | $-0.09 | ||
| Q2 24 | $0.25 | $-0.15 | ||
| Q1 24 | $0.15 | $-0.19 |
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 | $2.9B |
| 总债务越低越好 | $5.2B | $3.5B |
| 股东权益账面价值 | $3.0B | $2.3B |
| 总资产 | $10.6B | $7.7B |
| 负债/权益比越低杠杆越低 | 1.72× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资PRMBSNAP
| Q4 25 | $376.7M | $2.9B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $2.9B |
总债务PRMBSNAP
| Q4 25 | $5.2B | $3.5B | ||
| Q3 25 | $5.1B | $3.5B | ||
| Q2 25 | $5.1B | $3.6B | ||
| Q1 25 | $5.0B | $3.6B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.3B |
股东权益PRMBSNAP
| Q4 25 | $3.0B | $2.3B | ||
| Q3 25 | $3.2B | $2.2B | ||
| Q2 25 | $3.2B | $2.1B | ||
| Q1 25 | $3.3B | $2.3B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | $-2.0K | $2.2B | ||
| Q2 24 | $-296.8M | $2.1B | ||
| Q1 24 | $-349.8M | $2.1B |
总资产PRMBSNAP
| Q4 25 | $10.6B | $7.7B | ||
| Q3 25 | $11.0B | $7.6B | ||
| Q2 25 | $11.0B | $7.4B | ||
| Q1 25 | $11.0B | $7.6B | ||
| Q4 24 | — | $7.9B | ||
| Q3 24 | $0 | $7.6B | ||
| Q2 24 | — | $7.4B | ||
| Q1 24 | — | $7.2B |
负债/权益比PRMBSNAP
| Q4 25 | 1.72× | 1.55× | ||
| Q3 25 | 1.61× | 1.59× | ||
| Q2 25 | 1.57× | 1.73× | ||
| Q1 25 | 1.51× | 1.56× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.76× | ||
| Q1 24 | — | 1.55× |
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 | $269.6M |
| 自由现金流经营现金流 - 资本支出 | $57.3M | $205.6M |
| 自由现金流率自由现金流/营收 | 3.7% | 12.0% |
| 资本支出强度资本支出/营收 | 9.4% | 3.7% |
| 现金转化率经营现金流/净利润 | — | 5.96× |
| 过去12个月自由现金流最近4个季度 | $302.9M | $437.2M |
8季度趋势，按日历期对齐
经营现金流PRMBSNAP
| Q4 25 | $203.1M | $269.6M | ||
| Q3 25 | $283.4M | $146.5M | ||
| Q2 25 | $155.0M | $88.5M | ||
| Q1 25 | $38.8M | $151.6M | ||
| Q4 24 | — | $230.6M | ||
| Q3 24 | $0 | $115.9M | ||
| Q2 24 | $102.5M | $-21.4M | ||
| Q1 24 | $6.0M | $88.4M |
自由现金流PRMBSNAP
| Q4 25 | $57.3M | $205.6M | ||
| Q3 25 | $167.7M | $93.4M | ||
| Q2 25 | $101.1M | $23.8M | ||
| Q1 25 | $-23.2M | $114.4M | ||
| Q4 24 | — | $182.4M | ||
| Q3 24 | — | $71.8M | ||
| Q2 24 | $61.4M | $-73.4M | ||
| Q1 24 | $-17.5M | $37.9M |
自由现金流率PRMBSNAP
| Q4 25 | 3.7% | 12.0% | ||
| Q3 25 | 9.5% | 6.2% | ||
| Q2 25 | 5.8% | 1.8% | ||
| Q1 25 | -1.4% | 8.4% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | 4.7% | -5.9% | ||
| Q1 24 | -1.5% | 3.2% |
资本支出强度PRMBSNAP
| Q4 25 | 9.4% | 3.7% | ||
| Q3 25 | 6.6% | 3.5% | ||
| Q2 25 | 3.1% | 4.8% | ||
| Q1 25 | 3.8% | 2.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | 3.1% | 4.2% | ||
| Q1 24 | 2.1% | 4.2% |
现金转化率PRMBSNAP
| Q4 25 | — | 5.96× | ||
| Q3 25 | 16.87× | — | ||
| Q2 25 | 5.62× | — | ||
| Q1 25 | 1.35× | — | ||
| Q4 24 | — | 25.34× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.88× | — | ||
| 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% |
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
