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Primo Brands Corp（PRMB）与West Pharmaceutical Services（WST）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West Pharmaceutical Services的2.0倍（$1.6B vs $805.0M），West Pharmaceutical Services净利率更高（16.4% vs 1.7%，领先14.7%），West Pharmaceutical Services同比增速更快（7.5% vs 0.8%），过去两年Primo Brands Corp的营收复合增速更高（19.7% vs 7.6%）
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。
美国West Pharmaceutical Services是注射用药品包装及给药系统的设计和制造商，1923年成立，总部位于宾夕法尼亚州埃克斯顿。成立初期主营注射类药物包装用橡胶组件，曾为青霉素和胰岛素生产商提供符合无菌要求的配套产品。
PRMB vs WST — 直观对比
营收规模更大
PRMB
是对方的2.0倍
$805.0M
营收增速更快
WST
高出6.7%
0.8%
净利率更高
WST
高出14.7%
1.7%
两年增速更快
PRMB
近两年复合增速
7.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $805.0M |
| 净利润 | $27.3M | $132.1M |
| 毛利率 | 28.6% | 37.8% |
| 营业利润率 | 8.5% | 19.5% |
| 净利率 | 1.7% | 16.4% |
| 营收同比 | 0.8% | 7.5% |
| 净利润同比 | -4.9% | 1.5% |
| 每股收益（稀释后） | $0.07 | $1.82 |
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PRMBWST
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $805.0M | ||
| Q3 25 | $1.8B | $804.6M | ||
| Q2 25 | $1.7B | $766.5M | ||
| Q1 25 | $1.6B | $698.0M | ||
| Q4 24 | — | $748.8M | ||
| Q3 24 | $0 | $746.9M | ||
| Q2 24 | $1.3B | $702.1M |
净利润PRMBWST
| Q1 26 | $27.3M | — | ||
| Q4 25 | $-13.0M | $132.1M | ||
| Q3 25 | $16.8M | $140.0M | ||
| Q2 25 | $27.6M | $131.8M | ||
| Q1 25 | $28.7M | $89.8M | ||
| Q4 24 | — | $130.1M | ||
| Q3 24 | $-2.0K | $136.0M | ||
| Q2 24 | $54.5M | $111.3M |
毛利率PRMBWST
| Q1 26 | 28.6% | — | ||
| Q4 25 | 27.7% | 37.8% | ||
| Q3 25 | 29.9% | 36.6% | ||
| Q2 25 | 31.3% | 35.7% | ||
| Q1 25 | 32.3% | 33.2% | ||
| Q4 24 | — | 36.5% | ||
| Q3 24 | — | 35.4% | ||
| Q2 24 | 32.7% | 32.8% |
营业利润率PRMBWST
| Q1 26 | 8.5% | — | ||
| Q4 25 | 1.2% | 19.5% | ||
| Q3 25 | 8.3% | 20.8% | ||
| Q2 25 | 6.5% | 20.1% | ||
| Q1 25 | 9.5% | 15.3% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 21.6% | ||
| Q2 24 | 12.1% | 18.0% |
净利率PRMBWST
| Q1 26 | 1.7% | — | ||
| Q4 25 | -0.8% | 16.4% | ||
| Q3 25 | 1.0% | 17.4% | ||
| Q2 25 | 1.6% | 17.2% | ||
| Q1 25 | 1.8% | 12.9% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | 4.1% | 15.9% |
每股收益（稀释后）PRMBWST
| Q1 26 | $0.07 | — | ||
| Q4 25 | $-0.03 | $1.82 | ||
| Q3 25 | $0.04 | $1.92 | ||
| Q2 25 | $0.07 | $1.82 | ||
| Q1 25 | $0.08 | $1.23 | ||
| Q4 24 | — | $1.78 | ||
| Q3 24 | $-20.00 | $1.85 | ||
| 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 | — | $791.3M |
| 总债务越低越好 | $5.2B | $202.8M |
| 股东权益账面价值 | $3.0B | $3.2B |
| 总资产 | $10.6B | $4.3B |
| 负债/权益比越低杠杆越低 | 1.74× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资PRMBWST
| Q1 26 | — | — | ||
| Q4 25 | $376.7M | $791.3M | ||
| Q3 25 | — | $628.5M | ||
| Q2 25 | — | $509.7M | ||
| Q1 25 | — | $404.2M | ||
| Q4 24 | — | $484.6M | ||
| Q3 24 | — | $490.9M | ||
| Q2 24 | — | $446.2M |
总债务PRMBWST
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $202.8M | ||
| Q3 25 | $5.1B | $202.7M | ||
| Q2 25 | $5.1B | $202.6M | ||
| Q1 25 | $5.0B | $202.6M | ||
| Q4 24 | — | $202.6M | ||
| Q3 24 | — | $202.6M | ||
| Q2 24 | — | $205.8M |
股东权益PRMBWST
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | $3.2B | ||
| Q3 25 | $3.2B | $3.1B | ||
| Q2 25 | $3.2B | $2.9B | ||
| Q1 25 | $3.3B | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | $-2.0K | $2.8B | ||
| Q2 24 | $-296.8M | $2.6B |
总资产PRMBWST
| Q1 26 | $10.6B | — | ||
| Q4 25 | $10.6B | $4.3B | ||
| Q3 25 | $11.0B | $4.1B | ||
| Q2 25 | $11.0B | $4.0B | ||
| Q1 25 | $11.0B | $3.6B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | $0 | $3.7B | ||
| Q2 24 | — | $3.5B |
负债/权益比PRMBWST
| Q1 26 | 1.74× | — | ||
| Q4 25 | 1.72× | 0.06× | ||
| Q3 25 | 1.61× | 0.07× | ||
| Q2 25 | 1.57× | 0.07× | ||
| Q1 25 | 1.51× | 0.08× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.08× |
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 | $251.1M |
| 自由现金流经营现金流 - 资本支出 | — | $175.0M |
| 自由现金流率自由现金流/营收 | — | 21.7% |
| 资本支出强度资本支出/营收 | 2.9% | 9.5% |
| 现金转化率经营现金流/净利润 | 3.80× | 1.90× |
| 过去12个月自由现金流最近4个季度 | — | $468.9M |
8季度趋势，按日历期对齐
经营现金流PRMBWST
| Q1 26 | $103.8M | — | ||
| Q4 25 | $203.1M | $251.1M | ||
| Q3 25 | $283.4M | $197.2M | ||
| Q2 25 | $155.0M | $177.1M | ||
| Q1 25 | $38.8M | $129.4M | ||
| Q4 24 | — | $190.1M | ||
| Q3 24 | $0 | $180.1M | ||
| Q2 24 | $102.5M | $165.0M |
自由现金流PRMBWST
| Q1 26 | — | — | ||
| Q4 25 | $57.3M | $175.0M | ||
| Q3 25 | $167.7M | $133.9M | ||
| Q2 25 | $101.1M | $101.9M | ||
| Q1 25 | $-23.2M | $58.1M | ||
| Q4 24 | — | $85.2M | ||
| Q3 24 | — | $98.8M | ||
| Q2 24 | $61.4M | $64.8M |
自由现金流率PRMBWST
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 21.7% | ||
| Q3 25 | 9.5% | 16.6% | ||
| Q2 25 | 5.8% | 13.3% | ||
| Q1 25 | -1.4% | 8.3% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | 4.7% | 9.2% |
资本支出强度PRMBWST
| Q1 26 | 2.9% | — | ||
| Q4 25 | 9.4% | 9.5% | ||
| Q3 25 | 6.6% | 7.9% | ||
| Q2 25 | 3.1% | 9.8% | ||
| Q1 25 | 3.8% | 10.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 10.9% | ||
| Q2 24 | 3.1% | 14.3% |
现金转化率PRMBWST
| Q1 26 | 3.80× | — | ||
| Q4 25 | — | 1.90× | ||
| Q3 25 | 16.87× | 1.41× | ||
| Q2 25 | 5.62× | 1.34× | ||
| Q1 25 | 1.35× | 1.44× | ||
| Q4 24 | — | 1.46× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | 1.88× | 1.48× |
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% |
WST
| Proprietary Products | $661.8M | 82% |
| Contract Manufactured Products | $143.2M | 18% |
| Affiliated Entity | $3.3M | 0% |
