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Primo Brands Corp（PRMB）与Taylor Morrison Home Corp（TMHC）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是Taylor Morrison Home Corp的1.1倍（$1.6B vs $1.4B），Taylor Morrison Home Corp净利率更高（7.1% vs -0.8%，领先7.9%）
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。
泰勒莫里森住房公司是美国规模最大的住宅建筑商之一，总部位于亚利桑那州斯科茨代尔，2007年7月由泰勒伍德罗与莫里森住房合并成立。公司业务覆盖亚利桑那、加利福尼亚、得克萨斯等十余个州，产品涵盖首次置业、中端及中高端住宅，可满足不同层级客户的住房需求。
PRMB vs TMHC — 直观对比
营收规模更大
PRMB
是对方的1.1倍
$1.4B
净利率更高
TMHC
高出7.9%
-0.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.4B |
| 净利润 | $-13.0M | $98.6M |
| 毛利率 | 27.7% | 21.0% |
| 营业利润率 | 1.2% | — |
| 净利率 | -0.8% | 7.1% |
| 营收同比 | — | -26.8% |
| 净利润同比 | — | -53.8% |
| 每股收益（稀释后） | $-0.03 | $1.12 |
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PRMBTMHC
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $1.7B | $2.0B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | $0 | $2.1B | ||
| Q2 24 | $1.3B | $2.0B |
净利润PRMBTMHC
| Q1 26 | — | $98.6M | ||
| Q4 25 | $-13.0M | $174.0M | ||
| Q3 25 | $16.8M | $201.4M | ||
| Q2 25 | $27.6M | $193.6M | ||
| Q1 25 | $28.7M | $213.5M | ||
| Q4 24 | — | $242.5M | ||
| Q3 24 | $-2.0K | $251.1M | ||
| Q2 24 | $54.5M | $199.5M |
毛利率PRMBTMHC
| Q1 26 | — | 21.0% | ||
| Q4 25 | 27.7% | 22.0% | ||
| Q3 25 | 29.9% | 22.7% | ||
| Q2 25 | 31.3% | 23.0% | ||
| Q1 25 | 32.3% | 24.4% | ||
| Q4 24 | — | 23.9% | ||
| Q3 24 | — | 25.0% | ||
| Q2 24 | 32.7% | 23.7% |
营业利润率PRMBTMHC
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 8.3% | — | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | 9.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 12.1% | — |
净利率PRMBTMHC
| Q1 26 | — | 7.1% | ||
| Q4 25 | -0.8% | 8.3% | ||
| Q3 25 | 1.0% | 9.6% | ||
| Q2 25 | 1.6% | 9.5% | ||
| Q1 25 | 1.8% | 11.3% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | — | 11.8% | ||
| Q2 24 | 4.1% | 10.0% |
每股收益（稀释后）PRMBTMHC
| Q1 26 | — | $1.12 | ||
| Q4 25 | $-0.03 | $1.77 | ||
| Q3 25 | $0.04 | $2.01 | ||
| Q2 25 | $0.07 | $1.92 | ||
| Q1 25 | $0.08 | $2.07 | ||
| Q4 24 | — | $2.29 | ||
| Q3 24 | $-20.00 | $2.37 | ||
| Q2 24 | $0.25 | $1.86 |
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 | $652.9M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $3.0B | $6.2B |
| 总资产 | $10.6B | $9.8B |
| 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PRMBTMHC
| Q1 26 | — | $652.9M | ||
| Q4 25 | $376.7M | $850.0M | ||
| Q3 25 | — | $370.6M | ||
| Q2 25 | — | $130.2M | ||
| Q1 25 | — | $377.8M | ||
| Q4 24 | — | $487.2M | ||
| Q3 24 | — | $256.4M | ||
| Q2 24 | — | $246.8M |
总债务PRMBTMHC
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $2.3B | ||
| Q3 25 | $5.1B | $2.2B | ||
| Q2 25 | $5.1B | $2.1B | ||
| Q1 25 | $5.0B | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.2B |
股东权益PRMBTMHC
| Q1 26 | — | $6.2B | ||
| Q4 25 | $3.0B | $6.3B | ||
| Q3 25 | $3.2B | $6.2B | ||
| Q2 25 | $3.2B | $6.1B | ||
| Q1 25 | $3.3B | $6.0B | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | $-2.0K | $5.7B | ||
| Q2 24 | $-296.8M | $5.5B |
总资产PRMBTMHC
| Q1 26 | — | $9.8B | ||
| Q4 25 | $10.6B | $9.8B | ||
| Q3 25 | $11.0B | $9.6B | ||
| Q2 25 | $11.0B | $9.5B | ||
| Q1 25 | $11.0B | $9.4B | ||
| Q4 24 | — | $9.3B | ||
| Q3 24 | $0 | $9.3B | ||
| Q2 24 | — | $9.1B |
负债/权益比PRMBTMHC
| Q1 26 | — | — | ||
| Q4 25 | 1.72× | 0.36× | ||
| Q3 25 | 1.61× | 0.35× | ||
| Q2 25 | 1.57× | 0.35× | ||
| Q1 25 | 1.51× | 0.35× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $57.3M | — |
| 自由现金流率自由现金流/营收 | 3.7% | — |
| 资本支出强度资本支出/营收 | 9.4% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流PRMBTMHC
| Q1 26 | — | — | ||
| Q4 25 | $203.1M | $646.4M | ||
| Q3 25 | $283.4M | $219.6M | ||
| Q2 25 | $155.0M | $-126.0M | ||
| Q1 25 | $38.8M | $77.2M | ||
| Q4 24 | — | $438.2M | ||
| Q3 24 | $0 | $135.9M | ||
| Q2 24 | $102.5M | $-233.3M |
自由现金流PRMBTMHC
| Q1 26 | — | — | ||
| Q4 25 | $57.3M | $635.3M | ||
| Q3 25 | $167.7M | $206.6M | ||
| Q2 25 | $101.1M | $-133.6M | ||
| Q1 25 | $-23.2M | $68.7M | ||
| Q4 24 | — | $428.2M | ||
| Q3 24 | — | $127.1M | ||
| Q2 24 | $61.4M | $-241.7M |
自由现金流率PRMBTMHC
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 30.3% | ||
| Q3 25 | 9.5% | 9.9% | ||
| Q2 25 | 5.8% | -6.6% | ||
| Q1 25 | -1.4% | 3.6% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | 4.7% | -12.1% |
资本支出强度PRMBTMHC
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | 0.5% | ||
| Q3 25 | 6.6% | 0.6% | ||
| Q2 25 | 3.1% | 0.4% | ||
| Q1 25 | 3.8% | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | 3.1% | 0.4% |
现金转化率PRMBTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | 3.71× | ||
| Q3 25 | 16.87× | 1.09× | ||
| Q2 25 | 5.62× | -0.65× | ||
| Q1 25 | 1.35× | 0.36× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | 1.88× | -1.17× |
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% |
TMHC
| Home closings revenue, net | $1.3B | 95% |
| Financial services revenue, net | $49.3M | 4% |
| Land closings revenue | $14.5M | 1% |
| Amenity and other revenue | $11.9M | 1% |
