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TUTOR PERINI CORP（TPC）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
泰佩思琦的季度营收约是TUTOR PERINI CORP的1.7倍（$2.5B vs $1.5B），泰佩思琦净利率更高（22.4% vs 1.9%，领先20.5%），TUTOR PERINI CORP同比增速更快（41.2% vs 14.0%），泰佩思琦自由现金流更多（$1.0B vs $98.7M），过去两年泰佩思琦的营收复合增速更高（29.9% vs 19.9%）
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。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
TPC vs TPR — 直观对比
营收规模更大
TPR
是对方的1.7倍
$1.5B
营收增速更快
TPC
高出27.2%
14.0%
净利率更高
TPR
高出20.5%
1.9%
自由现金流更多
TPR
多$938.8M
$98.7M
两年增速更快
TPR
近两年复合增速
19.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.5B |
| 净利润 | $28.8M | $561.3M |
| 毛利率 | 9.8% | 75.5% |
| 营业利润率 | 3.3% | 28.6% |
| 净利率 | 1.9% | 22.4% |
| 营收同比 | 41.2% | 14.0% |
| 净利润同比 | 136.3% | 80.8% |
| 每股收益（稀释后） | $0.53 | $2.68 |
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TPCTPR
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.0B | $1.5B |
净利润TPCTPR
| Q4 25 | $28.8M | $561.3M | ||
| Q3 25 | $3.6M | $274.8M | ||
| Q2 25 | $20.0M | $-517.1M | ||
| Q1 25 | $28.0M | $203.3M | ||
| Q4 24 | $-79.4M | $310.4M | ||
| Q3 24 | $-100.9M | $186.6M | ||
| Q2 24 | $812.0K | $159.3M | ||
| Q1 24 | $15.8M | $139.4M |
毛利率TPCTPR
| Q4 25 | 9.8% | 75.5% | ||
| Q3 25 | 12.0% | 76.3% | ||
| Q2 25 | 14.3% | 76.3% | ||
| Q1 25 | 10.8% | 76.1% | ||
| Q4 24 | -0.9% | 74.4% | ||
| Q3 24 | -2.4% | 75.3% | ||
| Q2 24 | 10.4% | 74.9% | ||
| Q1 24 | 11.0% | 74.7% |
营业利润率TPCTPR
| Q4 25 | 3.3% | 28.6% | ||
| Q3 25 | 2.8% | 19.3% | ||
| Q2 25 | 5.6% | -33.9% | ||
| Q1 25 | 5.2% | 16.0% | ||
| Q4 24 | -8.1% | 22.4% | ||
| Q3 24 | -9.9% | 16.7% | ||
| Q2 24 | 3.6% | 14.8% | ||
| Q1 24 | 4.7% | 13.8% |
净利率TPCTPR
| Q4 25 | 1.9% | 22.4% | ||
| Q3 25 | 0.3% | 16.1% | ||
| Q2 25 | 1.5% | -30.0% | ||
| Q1 25 | 2.2% | 12.8% | ||
| Q4 24 | -7.4% | 14.1% | ||
| Q3 24 | -9.3% | 12.4% | ||
| Q2 24 | 0.1% | 10.0% | ||
| Q1 24 | 1.5% | 9.4% |
每股收益（稀释后）TPCTPR
| Q4 25 | $0.53 | $2.68 | ||
| Q3 25 | $0.07 | $1.28 | ||
| Q2 25 | $0.38 | $-2.30 | ||
| Q1 25 | $0.53 | $0.95 | ||
| Q4 24 | $-1.53 | $1.38 | ||
| Q3 24 | $-1.92 | $0.79 | ||
| Q2 24 | $0.02 | $0.67 | ||
| Q1 24 | $0.30 | $0.60 |
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 | $734.6M | $1.1B |
| 总债务越低越好 | $407.4M | $2.4B |
| 股东权益账面价值 | $1.2B | $551.2M |
| 总资产 | $5.2B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.33× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资TPCTPR
| Q4 25 | $734.6M | $1.1B | ||
| Q3 25 | $695.7M | $743.2M | ||
| Q2 25 | $526.1M | $1.1B | ||
| Q1 25 | $276.5M | $1.1B | ||
| Q4 24 | $455.1M | $1.0B | ||
| Q3 24 | $287.4M | $7.3B | ||
| Q2 24 | $267.1M | $7.2B | ||
| Q1 24 | $358.3M | $7.4B |
总债务TPCTPR
| Q4 25 | $407.4M | $2.4B | ||
| Q3 25 | $413.1M | $2.4B | ||
| Q2 25 | $419.4M | $2.4B | ||
| Q1 25 | $405.6M | $2.4B | ||
| Q4 24 | $534.1M | $2.4B | ||
| Q3 24 | $681.4M | $7.0B | ||
| Q2 24 | $676.4M | $6.9B | ||
| Q1 24 | $801.2M | $7.7B |
股东权益TPCTPR
| Q4 25 | $1.2B | $551.2M | ||
| Q3 25 | $1.2B | $399.5M | ||
| Q2 25 | $1.2B | $857.8M | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.2B | $3.0B | ||
| Q2 24 | $1.3B | $2.9B | ||
| Q1 24 | $1.3B | $2.8B |
总资产TPCTPR
| Q4 25 | $5.2B | $6.5B | ||
| Q3 25 | $5.2B | $6.4B | ||
| Q2 25 | $4.9B | $6.6B | ||
| Q1 25 | $4.5B | $7.3B | ||
| Q4 24 | $4.2B | $7.3B | ||
| Q3 24 | $4.4B | $13.7B | ||
| Q2 24 | $4.3B | $13.4B | ||
| Q1 24 | $4.4B | $13.7B |
负债/权益比TPCTPR
| Q4 25 | 0.33× | 4.32× | ||
| Q3 25 | 0.35× | 5.95× | ||
| Q2 25 | 0.35× | 2.77× | ||
| Q1 25 | 0.35× | 1.59× | ||
| Q4 24 | 0.47× | 1.78× | ||
| Q3 24 | 0.56× | 2.35× | ||
| Q2 24 | 0.52× | 2.39× | ||
| Q1 24 | 0.61× | 2.77× |
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 | $173.7M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $98.7M | $1.0B |
| 自由现金流率自由现金流/营收 | 6.5% | 41.5% |
| 资本支出强度资本支出/营收 | 5.0% | 1.7% |
| 现金转化率经营现金流/净利润 | 6.02× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $567.2M | $1.6B |
8季度趋势，按日历期对齐
经营现金流TPCTPR
| Q4 25 | $173.7M | $1.1B | ||
| Q3 25 | $289.1M | $112.6M | ||
| Q2 25 | $262.4M | $446.8M | ||
| Q1 25 | $22.9M | $144.3M | ||
| Q4 24 | $329.6M | $506.0M | ||
| Q3 24 | $22.6M | $119.5M | ||
| Q2 24 | $53.1M | $256.0M | ||
| Q1 24 | $98.3M | $97.8M |
自由现金流TPCTPR
| Q4 25 | $98.7M | $1.0B | ||
| Q3 25 | $240.2M | $80.2M | ||
| Q2 25 | $235.6M | $411.5M | ||
| Q1 25 | $-7.2M | $113.4M | ||
| Q4 24 | $320.4M | $475.1M | ||
| Q3 24 | $15.6M | $93.9M | ||
| Q2 24 | $42.2M | $209.8M | ||
| Q1 24 | $87.8M | $78.8M |
自由现金流率TPCTPR
| Q4 25 | 6.5% | 41.5% | ||
| Q3 25 | 17.0% | 4.7% | ||
| Q2 25 | 17.1% | 23.9% | ||
| Q1 25 | -0.6% | 7.2% | ||
| Q4 24 | 30.0% | 21.6% | ||
| Q3 24 | 1.4% | 6.2% | ||
| Q2 24 | 3.7% | 13.2% | ||
| Q1 24 | 8.4% | 5.3% |
资本支出强度TPCTPR
| Q4 25 | 5.0% | 1.7% | ||
| Q3 25 | 3.5% | 1.9% | ||
| Q2 25 | 2.0% | 2.0% | ||
| Q1 25 | 2.4% | 2.0% | ||
| Q4 24 | 0.9% | 1.4% | ||
| Q3 24 | 0.6% | 1.7% | ||
| Q2 24 | 1.0% | 2.9% | ||
| Q1 24 | 1.0% | 1.3% |
现金转化率TPCTPR
| Q4 25 | 6.02× | 1.93× | ||
| Q3 25 | 79.63× | 0.41× | ||
| Q2 25 | 13.14× | — | ||
| Q1 25 | 0.82× | 0.71× | ||
| Q4 24 | — | 1.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | 65.44× | 1.61× | ||
| Q1 24 | 6.24× | 0.70× |
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
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
