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帕森斯公司（PSN）与StandardAero, Inc.（SARO）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StandardAero, Inc.的1.0倍（$1.6B vs $1.6B），StandardAero, Inc.净利率更高（4.9% vs 3.5%，领先1.4%），StandardAero, Inc.同比增速更快（13.5% vs -7.5%），StandardAero, Inc.自由现金流更多（$307.3M vs $135.6M），过去两年StandardAero, Inc.的营收复合增速更高（13.8% vs 2.2%）
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。
StandardAero Inc.是总部位于美国亚利桑那州斯科茨代尔的专业维护、维修及大修（MRO）服务提供商，深耕相关领域多年，服务覆盖航空等多个行业，可为客户提供高效可靠的定制化运维解决方案。
PSN vs SARO — 直观对比
营收规模更大
PSN
是对方的1.0倍
$1.6B
营收增速更快
SARO
高出21.0%
-7.5%
净利率更高
SARO
高出1.4%
3.5%
自由现金流更多
SARO
多$171.8M
$135.6M
两年增速更快
SARO
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.6B |
| 净利润 | $55.6M | $78.6M |
| 毛利率 | 23.0% | 13.8% |
| 营业利润率 | 6.6% | 9.3% |
| 净利率 | 3.5% | 4.9% |
| 营收同比 | -7.5% | 13.5% |
| 净利润同比 | -72.4% | 659.6% |
| 每股收益（稀释后） | $0.51 | $0.24 |
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PSNSARO
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.6B | $1.5B | ||
| Q2 25 | $1.6B | $1.5B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.7B | $1.3B | ||
| Q1 24 | $1.5B | $1.2B |
净利润PSNSARO
| Q4 25 | $55.6M | $78.6M | ||
| Q3 25 | $64.1M | $68.1M | ||
| Q2 25 | $55.2M | $67.7M | ||
| Q1 25 | $66.2M | $62.9M | ||
| Q4 24 | $201.3M | $-14.1M | ||
| Q3 24 | $72.0M | $16.4M | ||
| Q2 24 | $69.2M | $5.4M | ||
| Q1 24 | $-107.4M | $3.2M |
毛利率PSNSARO
| Q4 25 | 23.0% | 13.8% | ||
| Q3 25 | 22.2% | 14.9% | ||
| Q2 25 | 22.0% | 15.4% | ||
| Q1 25 | 22.8% | 15.2% | ||
| Q4 24 | 21.3% | 14.3% | ||
| Q3 24 | 19.9% | 15.0% | ||
| Q2 24 | 21.0% | 13.7% | ||
| Q1 24 | 21.2% | 14.7% |
营业利润率PSNSARO
| Q4 25 | 6.6% | 9.3% | ||
| Q3 25 | 6.7% | 9.2% | ||
| Q2 25 | 6.0% | 8.9% | ||
| Q1 25 | 7.0% | 9.0% | ||
| Q4 24 | 5.8% | 6.7% | ||
| Q3 24 | 6.4% | 7.9% | ||
| Q2 24 | 6.7% | 7.8% | ||
| Q1 24 | 6.6% | 8.5% |
净利率PSNSARO
| Q4 25 | 3.5% | 4.9% | ||
| Q3 25 | 4.0% | 4.5% | ||
| Q2 25 | 3.5% | 4.4% | ||
| Q1 25 | 4.3% | 4.4% | ||
| Q4 24 | 11.6% | -1.0% | ||
| Q3 24 | 4.0% | 1.3% | ||
| Q2 24 | 4.1% | 0.4% | ||
| Q1 24 | -7.0% | 0.3% |
每股收益（稀释后）PSNSARO
| Q4 25 | $0.51 | $0.24 | ||
| Q3 25 | $0.59 | $0.20 | ||
| Q2 25 | $0.50 | $0.20 | ||
| Q1 25 | $0.60 | $0.19 | ||
| Q4 24 | $1.85 | $-0.05 | ||
| Q3 24 | $0.65 | $0.06 | ||
| Q2 24 | $0.63 | $0.02 | ||
| Q1 24 | $-1.01 | $0.01 |
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 | — |
| 总债务越低越好 | $1.2B | $2.2B |
| 股东权益账面价值 | $2.6B | $2.7B |
| 总资产 | $5.8B | $6.6B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.83× |
8季度趋势，按日历期对齐
现金及短期投资PSNSARO
| Q4 25 | $466.4M | — | ||
| Q3 25 | $422.6M | — | ||
| Q2 25 | $411.3M | — | ||
| Q1 25 | $269.7M | — | ||
| Q4 24 | $453.5M | — | ||
| Q3 24 | $558.8M | — | ||
| Q2 24 | $528.5M | — | ||
| Q1 24 | $423.1M | — |
总债务PSNSARO
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $785.2M | $2.3B | ||
| Q4 24 | $784.1M | $2.2B | ||
| Q3 24 | $1.1B | $3.4B | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益PSNSARO
| Q4 25 | $2.6B | $2.7B | ||
| Q3 25 | $2.6B | $2.6B | ||
| Q2 25 | $2.5B | $2.5B | ||
| Q1 25 | $2.5B | $2.4B | ||
| Q4 24 | $2.4B | $2.4B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.2B | $1.2B | ||
| Q1 24 | $2.1B | $1.2B |
总资产PSNSARO
| Q4 25 | $5.8B | $6.6B | ||
| Q3 25 | $5.7B | $6.6B | ||
| Q2 25 | $5.7B | $6.5B | ||
| Q1 25 | $5.4B | $6.5B | ||
| Q4 24 | $5.5B | $6.2B | ||
| Q3 24 | $5.4B | $6.1B | ||
| Q2 24 | $5.2B | — | ||
| Q1 24 | $5.1B | — |
负债/权益比PSNSARO
| Q4 25 | 0.47× | 0.83× | ||
| Q3 25 | 0.48× | 0.90× | ||
| Q2 25 | 0.49× | 0.92× | ||
| Q1 25 | 0.32× | 0.96× | ||
| Q4 24 | 0.32× | 0.94× | ||
| Q3 24 | 0.49× | 2.94× | ||
| 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 | $323.0M |
| 自由现金流经营现金流 - 资本支出 | $135.6M | $307.3M |
| 自由现金流率自由现金流/营收 | 8.5% | 19.2% |
| 资本支出强度资本支出/营收 | 2.0% | 1.0% |
| 现金转化率经营现金流/净利润 | 3.01× | 4.11× |
| 过去12个月自由现金流最近4个季度 | $410.4M | $234.3M |
8季度趋势，按日历期对齐
经营现金流PSNSARO
| Q4 25 | $167.5M | $323.0M | ||
| Q3 25 | $162.8M | $14.8M | ||
| Q2 25 | $159.8M | $2.9M | ||
| Q1 25 | $-11.8M | $-24.0M | ||
| Q4 24 | $126.8M | — | ||
| Q3 24 | $299.0M | $-13.9M | ||
| Q2 24 | $161.2M | — | ||
| Q1 24 | $-63.4M | $-83.6M |
自由现金流PSNSARO
| Q4 25 | $135.6M | $307.3M | ||
| Q3 25 | $149.7M | $-4.7M | ||
| Q2 25 | $150.4M | $-19.0M | ||
| Q1 25 | $-25.3M | $-49.3M | ||
| Q4 24 | $108.0M | — | ||
| Q3 24 | $287.3M | $-39.2M | ||
| Q2 24 | $152.0M | — | ||
| Q1 24 | $-72.9M | $-102.0M |
自由现金流率PSNSARO
| Q4 25 | 8.5% | 19.2% | ||
| Q3 25 | 9.2% | -0.3% | ||
| Q2 25 | 9.5% | -1.2% | ||
| Q1 25 | -1.6% | -3.4% | ||
| Q4 24 | 6.2% | — | ||
| Q3 24 | 15.9% | -3.1% | ||
| Q2 24 | 9.1% | — | ||
| Q1 24 | -4.7% | -8.3% |
资本支出强度PSNSARO
| Q4 25 | 2.0% | 1.0% | ||
| Q3 25 | 0.8% | 1.3% | ||
| Q2 25 | 0.6% | 1.4% | ||
| Q1 25 | 0.9% | 1.8% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 0.6% | 2.0% | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 0.6% | 1.5% |
现金转化率PSNSARO
| Q4 25 | 3.01× | 4.11× | ||
| Q3 25 | 2.54× | 0.22× | ||
| Q2 25 | 2.89× | 0.04× | ||
| Q1 25 | -0.18× | -0.38× | ||
| Q4 24 | 0.63× | — | ||
| Q3 24 | 4.16× | -0.84× | ||
| Q2 24 | 2.33× | — | ||
| Q1 24 | — | -26.22× |
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% |
SARO
| Commercial Aerospace | $1.0B | 63% |
| Business Aviation | $266.2M | 17% |
| Military And Helicopter | $262.0M | 16% |
| Other | $68.1M | 4% |
