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TUTOR PERINI CORP（TPC）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
TUTOR PERINI CORP的季度营收约是Ubiquiti Inc.的1.8倍（$1.5B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 1.9%，领先26.8%），TUTOR PERINI CORP同比增速更快（41.2% vs 35.8%），Ubiquiti Inc.自由现金流更多（$260.3M vs $98.7M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
TPC vs UI — 直观对比
营收规模更大
TPC
是对方的1.8倍
$814.9M
营收增速更快
TPC
高出5.3%
35.8%
净利率更高
UI
高出26.8%
1.9%
自由现金流更多
UI
多$161.6M
$98.7M
两年增速更快
UI
近两年复合增速
19.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $814.9M |
| 净利润 | $28.8M | $233.6M |
| 毛利率 | 9.8% | 45.9% |
| 营业利润率 | 3.3% | 35.9% |
| 净利率 | 1.9% | 28.7% |
| 营收同比 | 41.2% | 35.8% |
| 净利润同比 | 136.3% | 70.8% |
| 每股收益（稀释后） | $0.53 | $3.86 |
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TPCUI
| Q4 25 | $1.5B | $814.9M | ||
| Q3 25 | $1.4B | $733.8M | ||
| Q2 25 | $1.4B | $759.2M | ||
| Q1 25 | $1.2B | $664.2M | ||
| Q4 24 | $1.1B | $599.9M | ||
| Q3 24 | $1.1B | $550.3M | ||
| Q2 24 | $1.1B | $507.5M | ||
| Q1 24 | $1.0B | $493.0M |
净利润TPCUI
| Q4 25 | $28.8M | $233.6M | ||
| Q3 25 | $3.6M | $207.9M | ||
| Q2 25 | $20.0M | $266.7M | ||
| Q1 25 | $28.0M | $180.4M | ||
| Q4 24 | $-79.4M | $136.8M | ||
| Q3 24 | $-100.9M | $128.0M | ||
| Q2 24 | $812.0K | $103.8M | ||
| Q1 24 | $15.8M | $76.3M |
毛利率TPCUI
| Q4 25 | 9.8% | 45.9% | ||
| Q3 25 | 12.0% | 46.0% | ||
| Q2 25 | 14.3% | 45.1% | ||
| Q1 25 | 10.8% | 44.5% | ||
| Q4 24 | -0.9% | 41.2% | ||
| Q3 24 | -2.4% | 42.1% | ||
| Q2 24 | 10.4% | 40.2% | ||
| Q1 24 | 11.0% | 35.3% |
营业利润率TPCUI
| Q4 25 | 3.3% | 35.9% | ||
| Q3 25 | 2.8% | 35.7% | ||
| Q2 25 | 5.6% | 34.4% | ||
| Q1 25 | 5.2% | 34.2% | ||
| Q4 24 | -8.1% | 29.8% | ||
| Q3 24 | -9.9% | 30.7% | ||
| Q2 24 | 3.6% | 27.3% | ||
| Q1 24 | 4.7% | 22.6% |
净利率TPCUI
| Q4 25 | 1.9% | 28.7% | ||
| Q3 25 | 0.3% | 28.3% | ||
| Q2 25 | 1.5% | 35.1% | ||
| Q1 25 | 2.2% | 27.2% | ||
| Q4 24 | -7.4% | 22.8% | ||
| Q3 24 | -9.3% | 23.3% | ||
| Q2 24 | 0.1% | 20.5% | ||
| Q1 24 | 1.5% | 15.5% |
每股收益（稀释后）TPCUI
| Q4 25 | $0.53 | $3.86 | ||
| Q3 25 | $0.07 | $3.43 | ||
| Q2 25 | $0.38 | $4.40 | ||
| Q1 25 | $0.53 | $2.98 | ||
| Q4 24 | $-1.53 | $2.26 | ||
| Q3 24 | $-1.92 | $2.12 | ||
| Q2 24 | $0.02 | $1.72 | ||
| Q1 24 | $0.30 | $1.26 |
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 | $302.8M |
| 总债务越低越好 | $407.4M | $47.5M |
| 股东权益账面价值 | $1.2B | $1.0B |
| 总资产 | $5.2B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资TPCUI
| Q4 25 | $734.6M | $302.8M | ||
| Q3 25 | $695.7M | $177.2M | ||
| Q2 25 | $526.1M | $149.7M | ||
| Q1 25 | $276.5M | $151.0M | ||
| Q4 24 | $455.1M | $133.1M | ||
| Q3 24 | $287.4M | $165.2M | ||
| Q2 24 | $267.1M | $126.3M | ||
| Q1 24 | $358.3M | $102.5M |
总债务TPCUI
| Q4 25 | $407.4M | $47.5M | ||
| Q3 25 | $413.1M | $133.8M | ||
| Q2 25 | $419.4M | $250.0M | ||
| Q1 25 | $405.6M | $340.0M | ||
| Q4 24 | $534.1M | $406.3M | ||
| Q3 24 | $681.4M | $552.5M | ||
| Q2 24 | $676.4M | $708.1M | ||
| Q1 24 | $801.2M | $877.5M |
股东权益TPCUI
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.2B | $828.4M | ||
| Q2 25 | $1.2B | $668.3M | ||
| Q1 25 | $1.2B | $436.1M | ||
| Q4 24 | $1.1B | $290.4M | ||
| Q3 24 | $1.2B | $188.1M | ||
| Q2 24 | $1.3B | $95.1M | ||
| Q1 24 | $1.3B | $25.9M |
总资产TPCUI
| Q4 25 | $5.2B | $1.6B | ||
| Q3 25 | $5.2B | $1.5B | ||
| Q2 25 | $4.9B | $1.5B | ||
| Q1 25 | $4.5B | $1.3B | ||
| Q4 24 | $4.2B | $1.2B | ||
| Q3 24 | $4.4B | $1.2B | ||
| Q2 24 | $4.3B | $1.2B | ||
| Q1 24 | $4.4B | $1.2B |
负债/权益比TPCUI
| Q4 25 | 0.33× | 0.05× | ||
| Q3 25 | 0.35× | 0.16× | ||
| Q2 25 | 0.35× | 0.37× | ||
| Q1 25 | 0.35× | 0.78× | ||
| Q4 24 | 0.47× | 1.40× | ||
| Q3 24 | 0.56× | 2.94× | ||
| Q2 24 | 0.52× | 7.45× | ||
| Q1 24 | 0.61× | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $98.7M | $260.3M |
| 自由现金流率自由现金流/营收 | 6.5% | 31.9% |
| 资本支出强度资本支出/营收 | 5.0% | 0.4% |
| 现金转化率经营现金流/净利润 | 6.02× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $567.2M | $699.5M |
8季度趋势，按日历期对齐
经营现金流TPCUI
| Q4 25 | $173.7M | $263.9M | ||
| Q3 25 | $289.1M | $198.5M | ||
| Q2 25 | $262.4M | $130.4M | ||
| Q1 25 | $22.9M | $123.6M | ||
| Q4 24 | $329.6M | $152.4M | ||
| Q3 24 | $22.6M | $233.7M | ||
| Q2 24 | $53.1M | $231.4M | ||
| Q1 24 | $98.3M | $163.9M |
自由现金流TPCUI
| Q4 25 | $98.7M | $260.3M | ||
| Q3 25 | $240.2M | $193.3M | ||
| Q2 25 | $235.6M | $125.2M | ||
| Q1 25 | $-7.2M | $120.7M | ||
| Q4 24 | $320.4M | $150.4M | ||
| Q3 24 | $15.6M | $231.1M | ||
| Q2 24 | $42.2M | $229.5M | ||
| Q1 24 | $87.8M | $160.6M |
自由现金流率TPCUI
| Q4 25 | 6.5% | 31.9% | ||
| Q3 25 | 17.0% | 26.3% | ||
| Q2 25 | 17.1% | 16.5% | ||
| Q1 25 | -0.6% | 18.2% | ||
| Q4 24 | 30.0% | 25.1% | ||
| Q3 24 | 1.4% | 42.0% | ||
| Q2 24 | 3.7% | 45.2% | ||
| Q1 24 | 8.4% | 32.6% |
资本支出强度TPCUI
| Q4 25 | 5.0% | 0.4% | ||
| Q3 25 | 3.5% | 0.7% | ||
| Q2 25 | 2.0% | 0.7% | ||
| Q1 25 | 2.4% | 0.4% | ||
| Q4 24 | 0.9% | 0.3% | ||
| Q3 24 | 0.6% | 0.5% | ||
| Q2 24 | 1.0% | 0.4% | ||
| Q1 24 | 1.0% | 0.7% |
现金转化率TPCUI
| Q4 25 | 6.02× | 1.13× | ||
| Q3 25 | 79.63× | 0.95× | ||
| Q2 25 | 13.14× | 0.49× | ||
| Q1 25 | 0.82× | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | 65.44× | 2.23× | ||
| Q1 24 | 6.24× | 2.15× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
