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Primo Brands Corp（PRMB）与Welltower（WELL）财务数据对比。点击上方公司名可切换其他公司
Welltower的季度营收约是Primo Brands Corp的1.7倍（$2.8B vs $1.6B），Welltower净利率更高（51.6% vs 1.7%，领先49.9%），Welltower同比增速更快（180.6% vs 0.8%），过去两年Welltower的营收复合增速更高（42.4% vs 19.7%）
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。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
PRMB vs WELL — 直观对比
营收规模更大
WELL
是对方的1.7倍
$1.6B
营收增速更快
WELL
高出179.8%
0.8%
净利率更高
WELL
高出49.9%
1.7%
两年增速更快
WELL
近两年复合增速
19.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.8B |
| 净利润 | $27.3M | $1.5B |
| 毛利率 | 28.6% | — |
| 营业利润率 | 8.5% | — |
| 净利率 | 1.7% | 51.6% |
| 营收同比 | 0.8% | 180.6% |
| 净利润同比 | -4.9% | 93.7% |
| 每股收益（稀释后） | $0.07 | — |
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PRMBWELL
| Q1 26 | $1.6B | $2.8B | ||
| Q4 25 | $1.6B | $2.6B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $1.7B | $2.0B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $0 | $1.5B | ||
| Q2 24 | $1.3B | $1.4B |
净利润PRMBWELL
| Q1 26 | $27.3M | $1.5B | ||
| Q4 25 | $-13.0M | $117.8M | ||
| Q3 25 | $16.8M | $282.2M | ||
| Q2 25 | $27.6M | $304.6M | ||
| Q1 25 | $28.7M | $257.3M | ||
| Q4 24 | — | $123.8M | ||
| Q3 24 | $-2.0K | $456.8M | ||
| Q2 24 | $54.5M | $260.7M |
毛利率PRMBWELL
| Q1 26 | 28.6% | — | ||
| Q4 25 | 27.7% | 24.3% | ||
| Q3 25 | 29.9% | 23.5% | ||
| Q2 25 | 31.3% | 23.2% | ||
| Q1 25 | 32.3% | 21.6% | ||
| Q4 24 | — | 20.0% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | 32.7% | 20.2% |
营业利润率PRMBWELL
| Q1 26 | 8.5% | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 8.3% | 14.2% | ||
| Q2 25 | 6.5% | 15.1% | ||
| Q1 25 | 9.5% | 10.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 12.2% | ||
| Q2 24 | 12.1% | 6.5% |
净利率PRMBWELL
| Q1 26 | 1.7% | 51.6% | ||
| Q4 25 | -0.8% | 4.6% | ||
| Q3 25 | 1.0% | 13.7% | ||
| Q2 25 | 1.6% | 15.5% | ||
| Q1 25 | 1.8% | 13.8% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 30.2% | ||
| Q2 24 | 4.1% | 18.7% |
每股收益（稀释后）PRMBWELL
| Q1 26 | $0.07 | — | ||
| Q4 25 | $-0.03 | $0.13 | ||
| Q3 25 | $0.04 | $0.41 | ||
| Q2 25 | $0.07 | $0.45 | ||
| Q1 25 | $0.08 | $0.40 | ||
| Q4 24 | — | $0.20 | ||
| Q3 24 | $-20.00 | $0.73 | ||
| Q2 24 | $0.25 | $0.42 |
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 | — | — |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $3.0B | — |
| 总资产 | $10.6B | — |
| 负债/权益比越低杠杆越低 | 1.74× | — |
8季度趋势，按日历期对齐
现金及短期投资PRMBWELL
| Q1 26 | — | — | ||
| Q4 25 | $376.7M | $5.0B | ||
| Q3 25 | — | $6.8B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $2.8B |
总债务PRMBWELL
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $19.2B | ||
| Q3 25 | $5.1B | $16.9B | ||
| Q2 25 | $5.1B | $16.0B | ||
| Q1 25 | $5.0B | $15.7B | ||
| Q4 24 | — | $15.5B | ||
| Q3 24 | — | $15.8B | ||
| Q2 24 | — | $13.9B |
股东权益PRMBWELL
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | $42.1B | ||
| Q3 25 | $3.2B | $38.8B | ||
| Q2 25 | $3.2B | $35.9B | ||
| Q1 25 | $3.3B | $34.0B | ||
| Q4 24 | — | $32.0B | ||
| Q3 24 | $-2.0K | $30.3B | ||
| Q2 24 | $-296.8M | $29.0B |
总资产PRMBWELL
| Q1 26 | $10.6B | — | ||
| Q4 25 | $10.6B | $67.3B | ||
| Q3 25 | $11.0B | $59.5B | ||
| Q2 25 | $11.0B | $55.8B | ||
| Q1 25 | $11.0B | $53.3B | ||
| Q4 24 | — | $51.0B | ||
| Q3 24 | $0 | $49.0B | ||
| Q2 24 | — | $45.5B |
负债/权益比PRMBWELL
| Q1 26 | 1.74× | — | ||
| Q4 25 | 1.72× | 0.46× | ||
| Q3 25 | 1.61× | 0.43× | ||
| Q2 25 | 1.57× | 0.44× | ||
| Q1 25 | 1.51× | 0.46× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 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 | $103.8M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 2.9% | — |
| 现金转化率经营现金流/净利润 | 3.80× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PRMBWELL
| Q1 26 | $103.8M | — | ||
| Q4 25 | $203.1M | $654.3M | ||
| Q3 25 | $283.4M | $858.4M | ||
| Q2 25 | $155.0M | $770.0M | ||
| Q1 25 | $38.8M | $599.0M | ||
| Q4 24 | — | $559.2M | ||
| Q3 24 | $0 | $685.0M | ||
| Q2 24 | $102.5M | $605.4M |
自由现金流PRMBWELL
| Q1 26 | — | — | ||
| Q4 25 | $57.3M | $340.4M | ||
| Q3 25 | $167.7M | $595.3M | ||
| Q2 25 | $101.1M | $537.2M | ||
| Q1 25 | $-23.2M | $358.6M | ||
| Q4 24 | — | $240.4M | ||
| Q3 24 | — | $443.8M | ||
| Q2 24 | $61.4M | $440.3M |
自由现金流率PRMBWELL
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 13.3% | ||
| Q3 25 | 9.5% | 28.9% | ||
| Q2 25 | 5.8% | 27.3% | ||
| Q1 25 | -1.4% | 19.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | 4.7% | 31.6% |
资本支出强度PRMBWELL
| Q1 26 | 2.9% | — | ||
| Q4 25 | 9.4% | 12.3% | ||
| Q3 25 | 6.6% | 12.8% | ||
| Q2 25 | 3.1% | 11.8% | ||
| Q1 25 | 3.8% | 12.9% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | — | 16.0% | ||
| Q2 24 | 3.1% | 11.8% |
现金转化率PRMBWELL
| Q1 26 | 3.80× | — | ||
| Q4 25 | — | 5.56× | ||
| Q3 25 | 16.87× | 3.04× | ||
| Q2 25 | 5.62× | 2.53× | ||
| Q1 25 | 1.35× | 2.33× | ||
| Q4 24 | — | 4.52× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | 1.88× | 2.32× |
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% |
WELL
| Resident fees and services | $1.9B | 67% |
| Other | $822.6M | 29% |
| Rental income | $103.4M | 4% |
