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Primo Brands Corp（PRMB）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
西蒙地产集团的季度营收约是Primo Brands Corp的1.1倍（$1.8B vs $1.6B），西蒙地产集团净利率更高（197.6% vs 1.7%，领先195.9%），西蒙地产集团同比增速更快（13.2% vs 0.8%），过去两年Primo Brands Corp的营收复合增速更高（19.7% vs 11.4%）
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。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
PRMB vs SPG — 直观对比
营收规模更大
SPG
是对方的1.1倍
$1.6B
营收增速更快
SPG
高出12.5%
0.8%
净利率更高
SPG
高出195.9%
1.7%
两年增速更快
PRMB
近两年复合增速
11.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.8B |
| 净利润 | $27.3M | $3.5B |
| 毛利率 | 28.6% | — |
| 营业利润率 | 8.5% | 49.7% |
| 净利率 | 1.7% | 197.6% |
| 营收同比 | 0.8% | 13.2% |
| 净利润同比 | -4.9% | 358.7% |
| 每股收益（稀释后） | $0.07 | $9.34 |
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PRMBSPG
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $0 | $1.5B | ||
| Q2 24 | $1.3B | $1.5B |
净利润PRMBSPG
| Q1 26 | $27.3M | — | ||
| Q4 25 | $-13.0M | $3.5B | ||
| Q3 25 | $16.8M | $702.7M | ||
| Q2 25 | $27.6M | $643.7M | ||
| Q1 25 | $28.7M | $477.9M | ||
| Q4 24 | — | $771.8M | ||
| Q3 24 | $-2.0K | $546.7M | ||
| Q2 24 | $54.5M | $569.4M |
毛利率PRMBSPG
| Q1 26 | 28.6% | — | ||
| Q4 25 | 27.7% | — | ||
| Q3 25 | 29.9% | — | ||
| Q2 25 | 31.3% | — | ||
| Q1 25 | 32.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 32.7% | — |
营业利润率PRMBSPG
| Q1 26 | 8.5% | — | ||
| Q4 25 | 1.2% | 49.7% | ||
| Q3 25 | 8.3% | 50.8% | ||
| Q2 25 | 6.5% | 49.7% | ||
| Q1 25 | 9.5% | 49.4% | ||
| Q4 24 | — | 52.8% | ||
| Q3 24 | — | 51.9% | ||
| Q2 24 | 12.1% | 51.7% |
净利率PRMBSPG
| Q1 26 | 1.7% | — | ||
| Q4 25 | -0.8% | 197.6% | ||
| Q3 25 | 1.0% | 43.9% | ||
| Q2 25 | 1.6% | 43.0% | ||
| Q1 25 | 1.8% | 32.4% | ||
| Q4 24 | — | 48.8% | ||
| Q3 24 | — | 36.9% | ||
| Q2 24 | 4.1% | 39.0% |
每股收益（稀释后）PRMBSPG
| Q1 26 | $0.07 | — | ||
| Q4 25 | $-0.03 | $9.34 | ||
| Q3 25 | $0.04 | $1.86 | ||
| Q2 25 | $0.07 | $1.70 | ||
| Q1 25 | $0.08 | $1.27 | ||
| Q4 24 | — | $2.04 | ||
| Q3 24 | $-20.00 | $1.46 | ||
| Q2 24 | $0.25 | $1.51 |
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 | — | $823.1M |
| 总债务越低越好 | $5.2B | $28.4B |
| 股东权益账面价值 | $3.0B | $5.2B |
| 总资产 | $10.6B | $40.6B |
| 负债/权益比越低杠杆越低 | 1.74× | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资PRMBSPG
| Q1 26 | — | — | ||
| Q4 25 | $376.7M | $823.1M | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B |
总债务PRMBSPG
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $28.4B | ||
| Q3 25 | $5.1B | $25.8B | ||
| Q2 25 | $5.1B | $25.4B | ||
| Q1 25 | $5.0B | $24.8B | ||
| Q4 24 | — | $24.3B | ||
| Q3 24 | — | $25.4B | ||
| Q2 24 | — | $25.3B |
股东权益PRMBSPG
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | $5.2B | ||
| Q3 25 | $3.2B | $2.3B | ||
| Q2 25 | $3.2B | $2.5B | ||
| Q1 25 | $3.3B | $2.6B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $-2.0K | $2.7B | ||
| Q2 24 | $-296.8M | $2.9B |
总资产PRMBSPG
| Q1 26 | $10.6B | — | ||
| Q4 25 | $10.6B | $40.6B | ||
| Q3 25 | $11.0B | $33.6B | ||
| Q2 25 | $11.0B | $33.3B | ||
| Q1 25 | $11.0B | $32.5B | ||
| Q4 24 | — | $32.4B | ||
| Q3 24 | $0 | $33.3B | ||
| Q2 24 | — | $33.4B |
负债/权益比PRMBSPG
| Q1 26 | 1.74× | — | ||
| Q4 25 | 1.72× | 5.46× | ||
| Q3 25 | 1.61× | 10.98× | ||
| Q2 25 | 1.57× | 10.36× | ||
| Q1 25 | 1.51× | 9.50× | ||
| Q4 24 | — | 8.25× | ||
| Q3 24 | — | 9.37× | ||
| Q2 24 | — | 8.59× |
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 | $103.8M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $948.8M |
| 自由现金流率自由现金流/营收 | — | 53.0% |
| 资本支出强度资本支出/营收 | 2.9% | 14.2% |
| 现金转化率经营现金流/净利润 | 3.80× | 0.34× |
| 过去12个月自由现金流最近4个季度 | — | $3.2B |
8季度趋势，按日历期对齐
经营现金流PRMBSPG
| Q1 26 | $103.8M | — | ||
| Q4 25 | $203.1M | $1.2B | ||
| Q3 25 | $283.4M | $890.3M | ||
| Q2 25 | $155.0M | $1.2B | ||
| Q1 25 | $38.8M | $827.2M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $0 | $892.9M | ||
| Q2 24 | $102.5M | $1.1B |
自由现金流PRMBSPG
| Q1 26 | — | — | ||
| Q4 25 | $57.3M | $948.8M | ||
| Q3 25 | $167.7M | $685.0M | ||
| Q2 25 | $101.1M | $971.3M | ||
| Q1 25 | $-23.2M | $597.0M | ||
| Q4 24 | — | $867.7M | ||
| Q3 24 | — | $706.5M | ||
| Q2 24 | $61.4M | $874.8M |
自由现金流率PRMBSPG
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 53.0% | ||
| Q3 25 | 9.5% | 42.8% | ||
| Q2 25 | 5.8% | 64.8% | ||
| Q1 25 | -1.4% | 40.5% | ||
| Q4 24 | — | 54.8% | ||
| Q3 24 | — | 47.7% | ||
| Q2 24 | 4.7% | 60.0% |
资本支出强度PRMBSPG
| Q1 26 | 2.9% | — | ||
| Q4 25 | 9.4% | 14.2% | ||
| Q3 25 | 6.6% | 12.8% | ||
| Q2 25 | 3.1% | 16.3% | ||
| Q1 25 | 3.8% | 15.6% | ||
| Q4 24 | — | 13.8% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | 3.1% | 12.9% |
现金转化率PRMBSPG
| Q1 26 | 3.80× | — | ||
| Q4 25 | — | 0.34× | ||
| Q3 25 | 16.87× | 1.27× | ||
| Q2 25 | 5.62× | 1.89× | ||
| Q1 25 | 1.35× | 1.73× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | 1.88× | 1.87× |
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 | $801.2M | 49% |
| Purified water | $511.2M | 31% |
| Other | $208.2M | 13% |
| Premium water | $105.5M | 6% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
