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帕森斯公司（PSN）与Ryerson Holding Corp（RYI）财务数据对比。点击上方公司名可切换其他公司
帕森斯公司的季度营收约是Ryerson Holding Corp的1.5倍（$1.6B vs $1.1B），帕森斯公司净利率更高（3.5% vs -3.4%，领先6.9%），Ryerson Holding Corp同比增速更快（9.7% vs -7.5%），帕森斯公司自由现金流更多（$135.6M vs $91.9M），过去两年帕森斯公司的营收复合增速更高（2.2% vs -5.6%）
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
莱森控股集团旗下的约瑟夫·T·莱森父子公司是一家金属加工分销服务商，业务覆盖美国、墨西哥、加拿大与中国。公司创立于1842年，总部位于芝加哥，在全球约100个网点拥有约4200名员工，是金属流通领域资历深厚的专业服务商。
PSN vs RYI — 直观对比
营收规模更大
PSN
是对方的1.5倍
$1.1B
营收增速更快
RYI
高出17.2%
-7.5%
净利率更高
PSN
高出6.9%
-3.4%
自由现金流更多
PSN
多$43.7M
$91.9M
两年增速更快
PSN
近两年复合增速
-5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.1B |
| 净利润 | $55.6M | $-37.9M |
| 毛利率 | 23.0% | 15.3% |
| 营业利润率 | 6.6% | -3.4% |
| 净利率 | 3.5% | -3.4% |
| 营收同比 | -7.5% | 9.7% |
| 净利润同比 | -72.4% | -781.4% |
| 每股收益（稀释后） | $0.51 | $-1.18 |
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PSNRYI
| Q4 25 | $1.6B | $1.1B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
净利润PSNRYI
| Q4 25 | $55.6M | $-37.9M | ||
| Q3 25 | $64.1M | $-14.8M | ||
| Q2 25 | $55.2M | $1.9M | ||
| Q1 25 | $66.2M | $-5.6M | ||
| Q4 24 | $201.3M | $-4.3M | ||
| Q3 24 | $72.0M | $-6.6M | ||
| Q2 24 | $69.2M | $9.9M | ||
| Q1 24 | $-107.4M | $-7.6M |
毛利率PSNRYI
| Q4 25 | 23.0% | 15.3% | ||
| Q3 25 | 22.2% | 17.2% | ||
| Q2 25 | 22.0% | 17.9% | ||
| Q1 25 | 22.8% | 18.0% | ||
| Q4 24 | 21.3% | 19.0% | ||
| Q3 24 | 19.9% | 17.9% | ||
| Q2 24 | 21.0% | 18.2% | ||
| Q1 24 | 21.2% | 17.6% |
营业利润率PSNRYI
| Q4 25 | 6.6% | -3.4% | ||
| Q3 25 | 6.7% | -0.1% | ||
| Q2 25 | 6.0% | 0.5% | ||
| Q1 25 | 7.0% | 0.2% | ||
| Q4 24 | 5.8% | 0.3% | ||
| Q3 24 | 6.4% | 0.5% | ||
| Q2 24 | 6.7% | 1.9% | ||
| Q1 24 | 6.6% | 0.1% |
净利率PSNRYI
| Q4 25 | 3.5% | -3.4% | ||
| Q3 25 | 4.0% | -1.3% | ||
| Q2 25 | 3.5% | 0.2% | ||
| Q1 25 | 4.3% | -0.5% | ||
| Q4 24 | 11.6% | -0.4% | ||
| Q3 24 | 4.0% | -0.6% | ||
| Q2 24 | 4.1% | 0.8% | ||
| Q1 24 | -7.0% | -0.6% |
每股收益（稀释后）PSNRYI
| Q4 25 | $0.51 | $-1.18 | ||
| Q3 25 | $0.59 | $-0.46 | ||
| Q2 25 | $0.50 | $0.06 | ||
| Q1 25 | $0.60 | $-0.18 | ||
| Q4 24 | $1.85 | $-0.13 | ||
| Q3 24 | $0.65 | $-0.20 | ||
| Q2 24 | $0.63 | $0.29 | ||
| Q1 24 | $-1.01 | $-0.22 |
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 | $466.4M | $26.9M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $2.6B | $753.1M |
| 总资产 | $5.8B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资PSNRYI
| Q4 25 | $466.4M | $26.9M | ||
| Q3 25 | $422.6M | $29.8M | ||
| Q2 25 | $411.3M | $30.8M | ||
| Q1 25 | $269.7M | $33.6M | ||
| Q4 24 | $453.5M | $27.7M | ||
| Q3 24 | $558.8M | $35.0M | ||
| Q2 24 | $528.5M | $28.0M | ||
| Q1 24 | $423.1M | $41.9M |
总债务PSNRYI
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $785.2M | — | ||
| Q4 24 | $784.1M | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益PSNRYI
| Q4 25 | $2.6B | $753.1M | ||
| Q3 25 | $2.6B | $787.3M | ||
| Q2 25 | $2.5B | $811.5M | ||
| Q1 25 | $2.5B | $803.9M | ||
| Q4 24 | $2.4B | $815.3M | ||
| Q3 24 | $2.3B | $832.9M | ||
| Q2 24 | $2.2B | $877.9M | ||
| Q1 24 | $2.1B | $888.5M |
总资产PSNRYI
| Q4 25 | $5.8B | $2.4B | ||
| Q3 25 | $5.7B | $2.5B | ||
| Q2 25 | $5.7B | $2.5B | ||
| Q1 25 | $5.4B | $2.5B | ||
| Q4 24 | $5.5B | $2.4B | ||
| Q3 24 | $5.4B | $2.5B | ||
| Q2 24 | $5.2B | $2.6B | ||
| Q1 24 | $5.1B | $2.7B |
负债/权益比PSNRYI
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.49× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.49× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.58× | — |
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 | $167.5M | $112.7M |
| 自由现金流经营现金流 - 资本支出 | $135.6M | $91.9M |
| 自由现金流率自由现金流/营收 | 8.5% | 8.3% |
| 资本支出强度资本支出/营收 | 2.0% | 1.9% |
| 现金转化率经营现金流/净利润 | 3.01× | — |
| 过去12个月自由现金流最近4个季度 | $410.4M | $35.5M |
8季度趋势，按日历期对齐
经营现金流PSNRYI
| Q4 25 | $167.5M | $112.7M | ||
| Q3 25 | $162.8M | $-8.3M | ||
| Q2 25 | $159.8M | $23.8M | ||
| Q1 25 | $-11.8M | $-41.2M | ||
| Q4 24 | $126.8M | $92.2M | ||
| Q3 24 | $299.0M | $134.6M | ||
| Q2 24 | $161.2M | $25.9M | ||
| Q1 24 | $-63.4M | $-47.8M |
自由现金流PSNRYI
| Q4 25 | $135.6M | $91.9M | ||
| Q3 25 | $149.7M | $-21.1M | ||
| Q2 25 | $150.4M | $13.9M | ||
| Q1 25 | $-25.3M | $-49.2M | ||
| Q4 24 | $108.0M | $68.7M | ||
| Q3 24 | $287.3M | $103.0M | ||
| Q2 24 | $152.0M | $3.2M | ||
| Q1 24 | $-72.9M | $-69.6M |
自由现金流率PSNRYI
| Q4 25 | 8.5% | 8.3% | ||
| Q3 25 | 9.2% | -1.8% | ||
| Q2 25 | 9.5% | 1.2% | ||
| Q1 25 | -1.6% | -4.3% | ||
| Q4 24 | 6.2% | 6.8% | ||
| Q3 24 | 15.9% | 9.1% | ||
| Q2 24 | 9.1% | 0.3% | ||
| Q1 24 | -4.7% | -5.6% |
资本支出强度PSNRYI
| Q4 25 | 2.0% | 1.9% | ||
| Q3 25 | 0.8% | 1.1% | ||
| Q2 25 | 0.6% | 0.8% | ||
| Q1 25 | 0.9% | 0.7% | ||
| Q4 24 | 1.1% | 2.3% | ||
| Q3 24 | 0.6% | 2.8% | ||
| Q2 24 | 0.6% | 1.9% | ||
| Q1 24 | 0.6% | 1.8% |
现金转化率PSNRYI
| Q4 25 | 3.01× | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 2.89× | 12.53× | ||
| Q1 25 | -0.18× | — | ||
| Q4 24 | 0.63× | — | ||
| Q3 24 | 4.16× | — | ||
| Q2 24 | 2.33× | 2.62× | ||
| Q1 24 | — | — |
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
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
RYI
| US | $988.3M | 89% |
| Non Us | $116.5M | 11% |
