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帕森斯公司（PSN）与Teledyne Technologies（TDY）财务数据对比。点击上方公司名可切换其他公司
Teledyne Technologies的季度营收约是帕森斯公司的1.0倍（$1.6B vs $1.6B），Teledyne Technologies净利率更高（17.1% vs 3.5%，领先13.6%），Teledyne Technologies同比增速更快（7.3% vs -7.5%），Teledyne Technologies自由现金流更多（$339.2M vs $135.6M），过去两年Teledyne Technologies的营收复合增速更高（9.3% 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。
Teledyne Technologies是美国大型工业集团企业，1960年由亨利·辛格尔顿与乔治·科兹梅茨基共同创立，最初成立时名为Teledyne Inc.，发展至今在全球工业技术领域拥有较高的行业知名度与市场影响力。
PSN vs TDY — 直观对比
营收规模更大
TDY
是对方的1.0倍
$1.6B
营收增速更快
TDY
高出14.8%
-7.5%
净利率更高
TDY
高出13.6%
3.5%
自由现金流更多
TDY
多$203.6M
$135.6M
两年增速更快
TDY
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 | $275.6M |
| 毛利率 | 23.0% | 42.9% |
| 营业利润率 | 6.6% | 20.4% |
| 净利率 | 3.5% | 17.1% |
| 营收同比 | -7.5% | 7.3% |
| 净利润同比 | -72.4% | 38.8% |
| 每股收益（稀释后） | $0.51 | $5.81 |
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PSNTDY
| 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 | $1.5B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.7B | $1.4B | ||
| Q1 24 | $1.5B | $1.4B |
净利润PSNTDY
| Q4 25 | $55.6M | $275.6M | ||
| Q3 25 | $64.1M | $220.7M | ||
| Q2 25 | $55.2M | $209.9M | ||
| Q1 25 | $66.2M | $188.6M | ||
| Q4 24 | $201.3M | $198.5M | ||
| Q3 24 | $72.0M | $262.0M | ||
| Q2 24 | $69.2M | $180.2M | ||
| Q1 24 | $-107.4M | $178.5M |
毛利率PSNTDY
| Q4 25 | 23.0% | 42.9% | ||
| Q3 25 | 22.2% | 42.8% | ||
| Q2 25 | 22.0% | 42.6% | ||
| Q1 25 | 22.8% | 42.7% | ||
| Q4 24 | 21.3% | 42.8% | ||
| Q3 24 | 19.9% | 42.9% | ||
| Q2 24 | 21.0% | 43.1% | ||
| Q1 24 | 21.2% | 43.0% |
营业利润率PSNTDY
| Q4 25 | 6.6% | 20.4% | ||
| Q3 25 | 6.7% | 18.4% | ||
| Q2 25 | 6.0% | 18.4% | ||
| Q1 25 | 7.0% | 17.9% | ||
| Q4 24 | 5.8% | 15.8% | ||
| Q3 24 | 6.4% | 18.8% | ||
| Q2 24 | 6.7% | 18.0% | ||
| Q1 24 | 6.6% | 17.4% |
净利率PSNTDY
| Q4 25 | 3.5% | 17.1% | ||
| Q3 25 | 4.0% | 14.3% | ||
| Q2 25 | 3.5% | 13.9% | ||
| Q1 25 | 4.3% | 13.0% | ||
| Q4 24 | 11.6% | 13.2% | ||
| Q3 24 | 4.0% | 18.2% | ||
| Q2 24 | 4.1% | 13.1% | ||
| Q1 24 | -7.0% | 13.2% |
每股收益（稀释后）PSNTDY
| Q4 25 | $0.51 | $5.81 | ||
| Q3 25 | $0.59 | $4.65 | ||
| Q2 25 | $0.50 | $4.43 | ||
| Q1 25 | $0.60 | $3.99 | ||
| Q4 24 | $1.85 | $4.18 | ||
| Q3 24 | $0.65 | $5.54 | ||
| Q2 24 | $0.63 | $3.77 | ||
| Q1 24 | $-1.01 | $3.72 |
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 | $352.4M |
| 总债务越低越好 | $1.2B | $2.5B |
| 股东权益账面价值 | $2.6B | $10.5B |
| 总资产 | $5.8B | $15.3B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资PSNTDY
| Q4 25 | $466.4M | $352.4M | ||
| Q3 25 | $422.6M | $528.6M | ||
| Q2 25 | $411.3M | $310.9M | ||
| Q1 25 | $269.7M | $461.5M | ||
| Q4 24 | $453.5M | $649.8M | ||
| Q3 24 | $558.8M | $561.0M | ||
| Q2 24 | $528.5M | $443.2M | ||
| Q1 24 | $423.1M | $912.4M |
总债务PSNTDY
| Q4 25 | $1.2B | $2.5B | ||
| Q3 25 | $1.2B | $2.5B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $785.2M | $3.0B | ||
| Q4 24 | $784.1M | $2.6B | ||
| Q3 24 | $1.1B | $2.8B | ||
| Q2 24 | $1.2B | $2.8B | ||
| Q1 24 | $1.2B | $3.2B |
股东权益PSNTDY
| Q4 25 | $2.6B | $10.5B | ||
| Q3 25 | $2.6B | $10.6B | ||
| Q2 25 | $2.5B | $10.4B | ||
| Q1 25 | $2.5B | $9.9B | ||
| Q4 24 | $2.4B | $9.5B | ||
| Q3 24 | $2.3B | $9.6B | ||
| Q2 24 | $2.2B | $9.3B | ||
| Q1 24 | $2.1B | $9.3B |
总资产PSNTDY
| Q4 25 | $5.8B | $15.3B | ||
| Q3 25 | $5.7B | $15.4B | ||
| Q2 25 | $5.7B | $15.1B | ||
| Q1 25 | $5.4B | $15.0B | ||
| Q4 24 | $5.5B | $14.2B | ||
| Q3 24 | $5.4B | $14.5B | ||
| Q2 24 | $5.2B | $14.2B | ||
| Q1 24 | $5.1B | $14.6B |
负债/权益比PSNTDY
| Q4 25 | 0.47× | 0.24× | ||
| Q3 25 | 0.48× | 0.24× | ||
| Q2 25 | 0.49× | 0.25× | ||
| Q1 25 | 0.32× | 0.30× | ||
| Q4 24 | 0.32× | 0.28× | ||
| Q3 24 | 0.49× | 0.29× | ||
| Q2 24 | 0.56× | 0.30× | ||
| Q1 24 | 0.58× | 0.35× |
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 | $379.0M |
| 自由现金流经营现金流 - 资本支出 | $135.6M | $339.2M |
| 自由现金流率自由现金流/营收 | 8.5% | 21.0% |
| 资本支出强度资本支出/营收 | 2.0% | 2.5% |
| 现金转化率经营现金流/净利润 | 3.01× | 1.38× |
| 过去12个月自由现金流最近4个季度 | $410.4M | $1.1B |
8季度趋势，按日历期对齐
经营现金流PSNTDY
| Q4 25 | $167.5M | $379.0M | ||
| Q3 25 | $162.8M | $343.1M | ||
| Q2 25 | $159.8M | $226.6M | ||
| Q1 25 | $-11.8M | $242.6M | ||
| Q4 24 | $126.8M | $332.4M | ||
| Q3 24 | $299.0M | $249.8M | ||
| Q2 24 | $161.2M | $318.7M | ||
| Q1 24 | $-63.4M | $291.0M |
自由现金流PSNTDY
| Q4 25 | $135.6M | $339.2M | ||
| Q3 25 | $149.7M | $313.9M | ||
| Q2 25 | $150.4M | $196.3M | ||
| Q1 25 | $-25.3M | $224.6M | ||
| Q4 24 | $108.0M | $303.4M | ||
| Q3 24 | $287.3M | $228.7M | ||
| Q2 24 | $152.0M | $301.0M | ||
| Q1 24 | $-72.9M | $275.1M |
自由现金流率PSNTDY
| Q4 25 | 8.5% | 21.0% | ||
| Q3 25 | 9.2% | 20.4% | ||
| Q2 25 | 9.5% | 13.0% | ||
| Q1 25 | -1.6% | 15.5% | ||
| Q4 24 | 6.2% | 20.2% | ||
| Q3 24 | 15.9% | 15.8% | ||
| Q2 24 | 9.1% | 21.9% | ||
| Q1 24 | -4.7% | 20.4% |
资本支出强度PSNTDY
| Q4 25 | 2.0% | 2.5% | ||
| Q3 25 | 0.8% | 1.9% | ||
| Q2 25 | 0.6% | 2.0% | ||
| Q1 25 | 0.9% | 1.2% | ||
| Q4 24 | 1.1% | 1.9% | ||
| Q3 24 | 0.6% | 1.5% | ||
| Q2 24 | 0.6% | 1.3% | ||
| Q1 24 | 0.6% | 1.2% |
现金转化率PSNTDY
| Q4 25 | 3.01× | 1.38× | ||
| Q3 25 | 2.54× | 1.55× | ||
| Q2 25 | 2.89× | 1.08× | ||
| Q1 25 | -0.18× | 1.29× | ||
| Q4 24 | 0.63× | 1.67× | ||
| Q3 24 | 4.16× | 0.95× | ||
| Q2 24 | 2.33× | 1.77× | ||
| Q1 24 | — | 1.63× |
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% |
TDY
| Commercial And Other | $681.5M | 42% |
| Aerospace And Defense Electronics | $275.9M | 17% |
| Marine Instrumentation | $177.1M | 11% |
| United States Government | $169.0M | 10% |
| Environmental Instrumentation | $120.7M | 7% |
| Engineered Systems | $103.3M | 6% |
| Test And Measurement Instrumentation | $84.8M | 5% |
