vs
Quanta Services（PWR）与标普全球（SPGI）财务数据对比。点击上方公司名可切换其他公司
Quanta Services的季度营收约是标普全球的1.9倍（$7.8B vs $4.2B），标普全球净利率更高（36.1% vs 4.0%，领先32.0%），Quanta Services同比增速更快（19.7% vs 10.0%），Quanta Services自由现金流更多（$934.0M vs $919.0M），过去两年Quanta Services的营收复合增速更高（24.8% vs 8.4%）
Quanta Services是美国基础设施服务企业，业务覆盖电力、管道、工业、通信四大领域，可提供各类网络基础设施的规划、设计、安装、项目管理、运维及维修服务。公司自成立以来除内生增长外，已累计收购超150家电力承包领域相关企业。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息、数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球市场财智、标普全球能源、标普全球移动、印度信用评级机构CRISIL等业务板块，同时控股合资企业标普道琼斯指数。
PWR vs SPGI — 直观对比
营收规模更大
PWR
是对方的1.9倍
$4.2B
营收增速更快
PWR
高出9.7%
10.0%
净利率更高
SPGI
高出32.0%
4.0%
自由现金流更多
PWR
多$15.0M
$919.0M
两年增速更快
PWR
近两年复合增速
8.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.8B | $4.2B |
| 净利润 | $316.6M | $1.5B |
| 毛利率 | 15.5% | — |
| 营业利润率 | 6.2% | 48.0% |
| 净利率 | 4.0% | 36.1% |
| 营收同比 | 19.7% | 10.0% |
| 净利润同比 | 2.0% | 28.0% |
| 每股收益（稀释后） | $2.08 | $4.69 |
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PWRSPGI
| Q1 26 | — | $4.2B | ||
| Q4 25 | $7.8B | $3.9B | ||
| Q3 25 | $7.6B | $3.9B | ||
| Q2 25 | $6.8B | $3.8B | ||
| Q1 25 | $6.2B | $3.8B | ||
| Q4 24 | $6.6B | $3.6B | ||
| Q3 24 | $6.5B | $3.6B | ||
| Q2 24 | $5.6B | $3.5B |
净利润PWRSPGI
| Q1 26 | — | $1.5B | ||
| Q4 25 | $316.6M | $1.1B | ||
| Q3 25 | $339.4M | $1.2B | ||
| Q2 25 | $229.3M | $1.1B | ||
| Q1 25 | $144.3M | $1.1B | ||
| Q4 24 | $310.3M | $879.0M | ||
| Q3 24 | $293.2M | $971.0M | ||
| Q2 24 | $188.2M | $1.0B |
毛利率PWRSPGI
| Q1 26 | — | — | ||
| Q4 25 | 15.5% | 70.1% | ||
| Q3 25 | 15.9% | 71.2% | ||
| Q2 25 | 14.9% | 70.2% | ||
| Q1 25 | 13.4% | 69.5% | ||
| Q4 24 | 16.2% | 69.8% | ||
| Q3 24 | 15.6% | 70.0% | ||
| Q2 24 | 14.5% | 69.4% |
营业利润率PWRSPGI
| Q1 26 | — | 48.0% | ||
| Q4 25 | 6.2% | 42.7% | ||
| Q3 25 | 6.8% | 43.1% | ||
| Q2 25 | 5.5% | 41.3% | ||
| Q1 25 | 3.8% | 41.8% | ||
| Q4 24 | 6.9% | 36.4% | ||
| Q3 24 | 6.6% | 40.1% | ||
| Q2 24 | 5.5% | 40.9% |
净利率PWRSPGI
| Q1 26 | — | 36.1% | ||
| Q4 25 | 4.0% | 28.9% | ||
| Q3 25 | 4.4% | 30.2% | ||
| Q2 25 | 3.4% | 28.5% | ||
| Q1 25 | 2.3% | 28.9% | ||
| Q4 24 | 4.7% | 24.5% | ||
| Q3 24 | 4.5% | 27.2% | ||
| Q2 24 | 3.4% | 28.5% |
每股收益（稀释后）PWRSPGI
| Q1 26 | — | $4.69 | ||
| Q4 25 | $2.08 | $3.76 | ||
| Q3 25 | $2.24 | $3.86 | ||
| Q2 25 | $1.52 | $3.50 | ||
| Q1 25 | $0.96 | $3.54 | ||
| Q4 24 | $2.03 | $2.85 | ||
| Q3 24 | $1.95 | $3.11 | ||
| Q2 24 | $1.26 | $3.23 |
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 | $439.5M | — |
| 总债务越低越好 | $5.2B | $13.3B |
| 股东权益账面价值 | $8.9B | $31.3B |
| 总资产 | $24.9B | $60.8B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资PWRSPGI
| Q1 26 | — | — | ||
| Q4 25 | $439.5M | $1.8B | ||
| Q3 25 | $610.4M | $1.7B | ||
| Q2 25 | $509.5M | $1.8B | ||
| Q1 25 | $520.6M | $1.5B | ||
| Q4 24 | $742.0M | $1.7B | ||
| Q3 24 | $764.1M | $1.7B | ||
| Q2 24 | $518.1M | $2.0B |
总债务PWRSPGI
| Q1 26 | — | $13.3B | ||
| Q4 25 | $5.2B | $13.1B | ||
| Q3 25 | $5.5B | $11.4B | ||
| Q2 25 | $4.7B | $11.4B | ||
| Q1 25 | $4.4B | $11.4B | ||
| Q4 24 | $4.1B | $11.4B | ||
| Q3 24 | $4.1B | $11.4B | ||
| Q2 24 | $3.0B | $11.4B |
股东权益PWRSPGI
| Q1 26 | — | $31.3B | ||
| Q4 25 | $8.9B | $31.1B | ||
| Q3 25 | $8.4B | $33.1B | ||
| Q2 25 | $7.9B | $33.4B | ||
| Q1 25 | $7.5B | $33.4B | ||
| Q4 24 | $7.3B | $33.2B | ||
| Q3 24 | $7.1B | $34.0B | ||
| Q2 24 | $6.6B | $34.9B |
总资产PWRSPGI
| Q1 26 | — | $60.8B | ||
| Q4 25 | $24.9B | $61.2B | ||
| Q3 25 | $22.7B | $59.7B | ||
| Q2 25 | $19.9B | $60.4B | ||
| Q1 25 | $19.1B | $59.9B | ||
| Q4 24 | $18.7B | $60.2B | ||
| Q3 24 | $18.9B | $60.4B | ||
| Q2 24 | $15.9B | $61.0B |
负债/权益比PWRSPGI
| Q1 26 | — | 0.43× | ||
| Q4 25 | 0.59× | 0.42× | ||
| Q3 25 | 0.66× | 0.34× | ||
| Q2 25 | 0.59× | 0.34× | ||
| Q1 25 | 0.58× | 0.34× | ||
| Q4 24 | 0.56× | 0.34× | ||
| Q3 24 | 0.58× | 0.34× | ||
| Q2 24 | 0.45× | 0.33× |
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 | $1.1B | — |
| 自由现金流经营现金流 - 资本支出 | $934.0M | $919.0M |
| 自由现金流率自由现金流/营收 | 11.9% | 22.0% |
| 资本支出强度资本支出/营收 | 2.5% | 0.6% |
| 现金转化率经营现金流/净利润 | 3.56× | — |
| 过去12个月自由现金流最近4个季度 | $1.6B | $5.5B |
8季度趋势，按日历期对齐
经营现金流PWRSPGI
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $563.5M | $1.5B | ||
| Q2 25 | $295.7M | $1.4B | ||
| Q1 25 | $243.2M | $953.0M | ||
| Q4 24 | $712.0M | $1.7B | ||
| Q3 24 | $739.9M | $1.4B | ||
| Q2 24 | $391.3M | $1.6B |
自由现金流PWRSPGI
| Q1 26 | — | $919.0M | ||
| Q4 25 | $934.0M | $1.7B | ||
| Q3 25 | $421.0M | $1.5B | ||
| Q2 25 | $155.4M | $1.4B | ||
| Q1 25 | $110.4M | $910.0M | ||
| Q4 24 | $565.0M | $1.7B | ||
| Q3 24 | $527.4M | $1.4B | ||
| Q2 24 | $229.9M | $1.5B |
自由现金流率PWRSPGI
| Q1 26 | — | 22.0% | ||
| Q4 25 | 11.9% | 43.5% | ||
| Q3 25 | 5.5% | 37.6% | ||
| Q2 25 | 2.3% | 36.9% | ||
| Q1 25 | 1.8% | 24.1% | ||
| Q4 24 | 8.6% | 47.5% | ||
| Q3 24 | 8.1% | 39.4% | ||
| Q2 24 | 4.1% | 42.9% |
资本支出强度PWRSPGI
| Q1 26 | — | 0.6% | ||
| Q4 25 | 2.5% | 1.2% | ||
| Q3 25 | 1.9% | 1.2% | ||
| Q2 25 | 2.1% | 1.6% | ||
| Q1 25 | 2.1% | 1.1% | ||
| Q4 24 | 2.2% | 0.9% | ||
| Q3 24 | 3.3% | 1.0% | ||
| Q2 24 | 2.9% | 0.9% |
现金转化率PWRSPGI
| Q1 26 | — | — | ||
| Q4 25 | 3.56× | 1.54× | ||
| Q3 25 | 1.66× | 1.28× | ||
| Q2 25 | 1.29× | 1.35× | ||
| Q1 25 | 1.69× | 0.87× | ||
| Q4 24 | 2.29× | 1.98× | ||
| Q3 24 | 2.52× | 1.49× | ||
| Q2 24 | 2.08× | 1.54× |
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
PWR
暂无分部数据
SPGI
| Ratings | $1.3B | 31% |
| Market Intelligence | $1.3B | 31% |
| Energy | $652.0M | 16% |
| Indices | $519.0M | 12% |
| Mobility | $454.0M | 11% |
