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Shimmick Corp（SHIM）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, INC.的季度营收约是Shimmick Corp的5.3倍（$755.6M vs $141.9M）。STERLING INFRASTRUCTURE, INC.净利率更高（11.6% vs -3.1%，领先14.7%）。STERLING INFRASTRUCTURE, INC.自由现金流更多（$159.7M vs $-28.7M）。过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（31.0% vs -10.1%）
Shimmick Corp是一家总部位于美国的重型民用建筑企业，专注于水处理设施、交通系统、大坝工程、环境修复等关键公共基础设施的建造与升级，主要服务北美各级政府客户，承接各类复杂大型建筑项目。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
SHIM vs STRL — 直观对比
营收规模更大
STRL
是对方的5.3倍
$141.9M
净利率更高
STRL
高出14.7%
-3.1%
自由现金流更多
STRL
多$188.4M
$-28.7M
两年增速更快
STRL
近两年复合增速
-10.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $141.9M | $755.6M |
| 净利润 | $-4.4M | $87.6M |
| 毛利率 | 7.6% | 21.7% |
| 营业利润率 | -2.2% | 15.9% |
| 净利率 | -3.1% | 11.6% |
| 营收同比 | — | 51.5% |
| 净利润同比 | — | -22.6% |
| 每股收益（稀释后） | $-0.12 | $2.82 |
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SHIMSTRL
| Q4 25 | $141.9M | $755.6M | ||
| Q3 25 | $128.4M | $689.0M | ||
| Q2 25 | $122.1M | $614.5M | ||
| Q1 25 | $103.6M | $430.9M | ||
| Q4 24 | — | $498.8M | ||
| Q3 24 | $166.0M | $593.7M | ||
| Q2 24 | $90.6M | $582.8M | ||
| Q1 24 | $120.0M | $440.4M |
净利润SHIMSTRL
| Q4 25 | $-4.4M | $87.6M | ||
| Q3 25 | $-8.5M | $92.1M | ||
| Q2 25 | $-9.8M | $71.0M | ||
| Q1 25 | $-38.5M | $39.5M | ||
| Q4 24 | — | $113.2M | ||
| Q3 24 | $-1.6M | $61.3M | ||
| Q2 24 | $-51.4M | $51.9M | ||
| Q1 24 | $-33.3M | $31.0M |
毛利率SHIMSTRL
| Q4 25 | 7.6% | 21.7% | ||
| Q3 25 | 6.3% | 24.7% | ||
| Q2 25 | 3.8% | 23.3% | ||
| Q1 25 | -20.1% | 22.0% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | 7.3% | 21.9% | ||
| Q2 24 | -34.4% | 19.3% | ||
| Q1 24 | -13.2% | 17.5% |
营业利润率SHIMSTRL
| Q4 25 | -2.2% | 15.9% | ||
| Q3 25 | -5.5% | 18.2% | ||
| Q2 25 | -7.3% | 17.0% | ||
| Q1 25 | -39.3% | 13.0% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | 0.7% | 14.7% | ||
| Q2 24 | -53.0% | 12.5% | ||
| Q1 24 | -26.5% | 9.6% |
净利率SHIMSTRL
| Q4 25 | -3.1% | 11.6% | ||
| Q3 25 | -6.6% | 13.4% | ||
| Q2 25 | -8.0% | 11.6% | ||
| Q1 25 | -37.1% | 9.2% | ||
| Q4 24 | — | 22.7% | ||
| Q3 24 | -0.9% | 10.3% | ||
| Q2 24 | -56.7% | 8.9% | ||
| Q1 24 | -27.8% | 7.1% |
每股收益（稀释后）SHIMSTRL
| Q4 25 | $-0.12 | $2.82 | ||
| Q3 25 | $-0.25 | $2.97 | ||
| Q2 25 | $-0.28 | $2.31 | ||
| Q1 25 | $-0.92 | $1.28 | ||
| Q4 24 | — | $3.63 | ||
| Q3 24 | $-0.05 | $1.97 | ||
| Q2 24 | $-1.83 | $1.67 | ||
| Q1 24 | $-1.30 | $1.00 |
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 | $17.6M | $390.7M |
| 总债务越低越好 | $57.5M | — |
| 股东权益账面价值 | $-52.7M | $1.1B |
| 总资产 | $218.5M | $2.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资SHIMSTRL
| Q4 25 | $17.6M | $390.7M | ||
| Q3 25 | $21.4M | $306.4M | ||
| Q2 25 | $16.3M | $699.4M | ||
| Q1 25 | $33.7M | $638.6M | ||
| Q4 24 | — | $664.2M | ||
| Q3 24 | $26.0M | $648.1M | ||
| Q2 24 | $22.4M | $540.0M | ||
| Q1 24 | $27.3M | $480.4M |
总债务SHIMSTRL
| Q4 25 | $57.5M | — | ||
| Q3 25 | $36.4M | — | ||
| Q2 25 | $31.4M | — | ||
| Q1 25 | $9.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $39.9M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $31.5M | — |
股东权益SHIMSTRL
| Q4 25 | $-52.7M | $1.1B | ||
| Q3 25 | $-49.5M | $1.1B | ||
| Q2 25 | $-42.6M | $881.7M | ||
| Q1 25 | $-34.7M | $805.4M | ||
| Q4 24 | — | $808.1M | ||
| Q3 24 | $973.0K | $716.5M | ||
| Q2 24 | $436.0K | $670.7M | ||
| Q1 24 | $38.1M | $644.6M |
总资产SHIMSTRL
| Q4 25 | $218.5M | $2.6B | ||
| Q3 25 | $203.0M | $2.6B | ||
| Q2 25 | $227.7M | $2.2B | ||
| Q1 25 | $233.9M | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $346.7M | $2.0B | ||
| Q2 24 | $344.5M | $2.0B | ||
| Q1 24 | $378.0M | $1.8B |
负债/权益比SHIMSTRL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 41.01× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.83× | — |
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 | $-23.7M | $186.1M |
| 自由现金流经营现金流 - 资本支出 | $-28.7M | $159.7M |
| 自由现金流率自由现金流/营收 | -20.2% | 21.1% |
| 资本支出强度资本支出/营收 | 3.5% | 3.5% |
| 现金转化率经营现金流/净利润 | — | 2.12× |
| 过去12个月自由现金流最近4个季度 | $-27.2M | $362.7M |
8季度趋势，按日历期对齐
经营现金流SHIMSTRL
| Q4 25 | $-23.7M | $186.1M | ||
| Q3 25 | $-3.8M | $83.6M | ||
| Q2 25 | $-38.2M | $85.4M | ||
| Q1 25 | $44.9M | $84.9M | ||
| Q4 24 | — | $174.3M | ||
| Q3 24 | $12.7M | $152.3M | ||
| Q2 24 | $-43.9M | $121.0M | ||
| Q1 24 | $-35.0M | $49.6M |
自由现金流SHIMSTRL
| Q4 25 | $-28.7M | $159.7M | ||
| Q3 25 | $-4.2M | $64.0M | ||
| Q2 25 | $-38.7M | $72.1M | ||
| Q1 25 | $44.4M | $67.0M | ||
| Q4 24 | — | $158.6M | ||
| Q3 24 | $10.3M | $138.3M | ||
| Q2 24 | $-46.8M | $92.1M | ||
| Q1 24 | $-39.6M | $27.2M |
自由现金流率SHIMSTRL
| Q4 25 | -20.2% | 21.1% | ||
| Q3 25 | -3.2% | 9.3% | ||
| Q2 25 | -31.7% | 11.7% | ||
| Q1 25 | 42.9% | 15.5% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | 6.2% | 23.3% | ||
| Q2 24 | -51.7% | 15.8% | ||
| Q1 24 | -33.0% | 6.2% |
资本支出强度SHIMSTRL
| Q4 25 | 3.5% | 3.5% | ||
| Q3 25 | 0.3% | 2.9% | ||
| Q2 25 | 0.4% | 2.2% | ||
| Q1 25 | 0.5% | 4.2% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 1.4% | 2.4% | ||
| Q2 24 | 3.3% | 5.0% | ||
| Q1 24 | 3.8% | 5.1% |
现金转化率SHIMSTRL
| Q4 25 | — | 2.12× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 2.15× | ||
| Q4 24 | — | 1.54× | ||
| Q3 24 | — | 2.48× | ||
| Q2 24 | — | 2.33× | ||
| Q1 24 | — | 1.60× |
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
SHIM
| Shimmick Projects | $106.8M | 75% |
| Non Core Projects | $35.1M | 25% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
