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SEABOARD CORP（SEB）与TUTOR PERINI CORP（TPC）财务数据对比。点击上方公司名可切换其他公司
SEABOARD CORP的季度营收约是TUTOR PERINI CORP的1.6倍（$2.4B vs $1.5B），SEABOARD CORP净利率更高（10.6% vs 1.9%，领先8.7%），TUTOR PERINI CORP同比增速更快（41.2% vs -2.9%），TUTOR PERINI CORP自由现金流更多（$98.7M vs $53.0M），过去两年TUTOR PERINI CORP的营收复合增速更高（19.9% vs 4.9%）
Seaboard Corporation是一家多元化跨国农业综合及运输集团，业务覆盖多个垂直整合领域。美国本土核心业务包括生猪养殖加工与远洋运输，海外板块主营大宗商品贸易、谷物加工、食糖生产及发电，总部位于堪萨斯州梅里亚姆。
Tutor Perini集团是美国顶尖的大型总承包商之一，2008年由Perini公司与Tutor-Saliba公司合并成立，总部位于加利福尼亚州西尔马。公司业务覆盖北美全境，2024年营收约43.3亿美元，核心业务涵盖桥梁、公路、隧道、机场、公共交通系统等民用基建项目，同时也涉足建筑工程领域。
SEB vs TPC — 直观对比
营收规模更大
SEB
是对方的1.6倍
$1.5B
营收增速更快
TPC
高出44.1%
-2.9%
净利率更高
SEB
高出8.7%
1.9%
自由现金流更多
TPC
多$45.7M
$53.0M
两年增速更快
TPC
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.5B |
| 净利润 | $255.0M | $28.8M |
| 毛利率 | 7.9% | 9.8% |
| 营业利润率 | 2.7% | 3.3% |
| 净利率 | 10.6% | 1.9% |
| 营收同比 | -2.9% | 41.2% |
| 净利润同比 | 63.5% | 136.3% |
| 每股收益（稀释后） | $262.58 | $0.53 |
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SEBTPC
| Q4 25 | $2.4B | $1.5B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.5B | $1.4B | ||
| Q1 25 | $2.3B | $1.2B | ||
| Q4 24 | $2.5B | $1.1B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.2B | $1.1B | ||
| Q1 24 | $2.2B | $1.0B |
净利润SEBTPC
| Q4 25 | $255.0M | $28.8M | ||
| Q3 25 | $110.0M | $3.6M | ||
| Q2 25 | $104.0M | $20.0M | ||
| Q1 25 | $32.0M | $28.0M | ||
| Q4 24 | $156.0M | $-79.4M | ||
| Q3 24 | $-149.0M | $-100.9M | ||
| Q2 24 | $61.0M | $812.0K | ||
| Q1 24 | $22.0M | $15.8M |
毛利率SEBTPC
| Q4 25 | 7.9% | 9.8% | ||
| Q3 25 | 7.8% | 12.0% | ||
| Q2 25 | 6.5% | 14.3% | ||
| Q1 25 | 6.1% | 10.8% | ||
| Q4 24 | 9.0% | -0.9% | ||
| Q3 24 | 6.2% | -2.4% | ||
| Q2 24 | 5.8% | 10.4% | ||
| Q1 24 | 4.0% | 11.0% |
营业利润率SEBTPC
| Q4 25 | 2.7% | 3.3% | ||
| Q3 25 | 3.3% | 2.8% | ||
| Q2 25 | 2.1% | 5.6% | ||
| Q1 25 | 1.6% | 5.2% | ||
| Q4 24 | 4.6% | -8.1% | ||
| Q3 24 | 1.4% | -9.9% | ||
| Q2 24 | 1.4% | 3.6% | ||
| Q1 24 | -0.9% | 4.7% |
净利率SEBTPC
| Q4 25 | 10.6% | 1.9% | ||
| Q3 25 | 4.3% | 0.3% | ||
| Q2 25 | 4.2% | 1.5% | ||
| Q1 25 | 1.4% | 2.2% | ||
| Q4 24 | 6.3% | -7.4% | ||
| Q3 24 | -6.7% | -9.3% | ||
| Q2 24 | 2.8% | 0.1% | ||
| Q1 24 | 1.0% | 1.5% |
每股收益（稀释后）SEBTPC
| Q4 25 | $262.58 | $0.53 | ||
| Q3 25 | $113.71 | $0.07 | ||
| Q2 25 | $105.22 | $0.38 | ||
| Q1 25 | $32.95 | $0.53 | ||
| Q4 24 | $158.58 | $-1.53 | ||
| Q3 24 | $-153.44 | $-1.92 | ||
| Q2 24 | $62.82 | $0.02 | ||
| Q1 24 | $22.66 | $0.30 |
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 | $1.2B | $734.6M |
| 总债务越低越好 | — | $407.4M |
| 股东权益账面价值 | $5.2B | $1.2B |
| 总资产 | $8.2B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资SEBTPC
| Q4 25 | $1.2B | $734.6M | ||
| Q3 25 | $1.2B | $695.7M | ||
| Q2 25 | $1.1B | $526.1M | ||
| Q1 25 | $1.1B | $276.5M | ||
| Q4 24 | $1.2B | $455.1M | ||
| Q3 24 | $1.2B | $287.4M | ||
| Q2 24 | $1.2B | $267.1M | ||
| Q1 24 | $1.2B | $358.3M |
总债务SEBTPC
| Q4 25 | — | $407.4M | ||
| Q3 25 | — | $413.1M | ||
| Q2 25 | — | $419.4M | ||
| Q1 25 | — | $405.6M | ||
| Q4 24 | — | $534.1M | ||
| Q3 24 | — | $681.4M | ||
| Q2 24 | — | $676.4M | ||
| Q1 24 | — | $801.2M |
股东权益SEBTPC
| Q4 25 | $5.2B | $1.2B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $4.8B | $1.2B | ||
| Q1 25 | $4.7B | $1.2B | ||
| Q4 24 | $4.7B | $1.1B | ||
| Q3 24 | $4.5B | $1.2B | ||
| Q2 24 | $4.7B | $1.3B | ||
| Q1 24 | $4.6B | $1.3B |
总资产SEBTPC
| Q4 25 | $8.2B | $5.2B | ||
| Q3 25 | $8.0B | $5.2B | ||
| Q2 25 | $7.9B | $4.9B | ||
| Q1 25 | $7.6B | $4.5B | ||
| Q4 24 | $7.7B | $4.2B | ||
| Q3 24 | $7.5B | $4.4B | ||
| Q2 24 | $7.7B | $4.3B | ||
| Q1 24 | $7.6B | $4.4B |
负债/权益比SEBTPC
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.61× |
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 | $188.0M | $173.7M |
| 自由现金流经营现金流 - 资本支出 | $53.0M | $98.7M |
| 自由现金流率自由现金流/营收 | 2.2% | 6.5% |
| 资本支出强度资本支出/营收 | 5.6% | 5.0% |
| 现金转化率经营现金流/净利润 | 0.74× | 6.02× |
| 过去12个月自由现金流最近4个季度 | $6.0M | $567.2M |
8季度趋势，按日历期对齐
经营现金流SEBTPC
| Q4 25 | $188.0M | $173.7M | ||
| Q3 25 | $319.0M | $289.1M | ||
| Q2 25 | $81.0M | $262.4M | ||
| Q1 25 | $-20.0M | $22.9M | ||
| Q4 24 | $300.0M | $329.6M | ||
| Q3 24 | $194.0M | $22.6M | ||
| Q2 24 | $6.0M | $53.1M | ||
| Q1 24 | $19.0M | $98.3M |
自由现金流SEBTPC
| Q4 25 | $53.0M | $98.7M | ||
| Q3 25 | $152.0M | $240.2M | ||
| Q2 25 | $-70.0M | $235.6M | ||
| Q1 25 | $-129.0M | $-7.2M | ||
| Q4 24 | $162.0M | $320.4M | ||
| Q3 24 | $58.0M | $15.6M | ||
| Q2 24 | $-127.0M | $42.2M | ||
| Q1 24 | $-85.0M | $87.8M |
自由现金流率SEBTPC
| Q4 25 | 2.2% | 6.5% | ||
| Q3 25 | 6.0% | 17.0% | ||
| Q2 25 | -2.8% | 17.1% | ||
| Q1 25 | -5.6% | -0.6% | ||
| Q4 24 | 6.5% | 30.0% | ||
| Q3 24 | 2.6% | 1.4% | ||
| Q2 24 | -5.7% | 3.7% | ||
| Q1 24 | -3.9% | 8.4% |
资本支出强度SEBTPC
| Q4 25 | 5.6% | 5.0% | ||
| Q3 25 | 6.6% | 3.5% | ||
| Q2 25 | 6.1% | 2.0% | ||
| Q1 25 | 4.7% | 2.4% | ||
| Q4 24 | 5.6% | 0.9% | ||
| Q3 24 | 6.1% | 0.6% | ||
| Q2 24 | 6.0% | 1.0% | ||
| Q1 24 | 4.7% | 1.0% |
现金转化率SEBTPC
| Q4 25 | 0.74× | 6.02× | ||
| Q3 25 | 2.90× | 79.63× | ||
| Q2 25 | 0.78× | 13.14× | ||
| Q1 25 | -0.63× | 0.82× | ||
| Q4 24 | 1.92× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.10× | 65.44× | ||
| Q1 24 | 0.86× | 6.24× |
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
SEB
| Commodity Trading And Milling | $1.3B | 52% |
| Pork Segment | $469.0M | 19% |
| Marine | $444.0M | 18% |
| Other | $108.0M | 4% |
| Energy Service | $56.0M | 2% |
| Product And Service Other Services | $15.0M | 1% |
| Transportation | $6.0M | 0% |
TPC
| State And Local Agencies | $591.1M | 39% |
| Mass Transit | $449.9M | 30% |
| Federal Agencies | $115.0M | 8% |
| Bridges | $100.5M | 7% |
| Military Facilities | $93.1M | 6% |
| Commercial And Industrial Facilities | $46.7M | 3% |
| Detention Facilities | $43.8M | 3% |
| Power And Energy | $35.8M | 2% |
| Multi Unit Residential | $25.9M | 2% |
| Education Facilities | $12.0M | 1% |
| Water | $3.6M | 0% |
