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TUTOR PERINI CORP（TPC）与威世（VSH）财务数据对比。点击上方公司名可切换其他公司
TUTOR PERINI CORP的季度营收约是威世的1.9倍（$1.5B vs $800.9M），TUTOR PERINI CORP净利率更高（1.9% vs 0.1%，领先1.8%），TUTOR PERINI CORP同比增速更快（41.2% vs 12.1%），TUTOR PERINI CORP自由现金流更多（$98.7M vs $54.6M），过去两年TUTOR PERINI CORP的营收复合增速更高（19.9% vs 3.6%）
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。
威世（Vishay Intertechnology）是美国知名的分立半导体与被动电子元器件制造商，由企业家菲利克斯·赞德曼创立。公司在以色列、亚洲、欧洲、美洲均设有生产基地，产品覆盖整流器、二极管、MOSFET、光电器件、精选集成电路、电阻器、电容器、电感器等品类，2024年营收达29亿美元，全球全职员工约2.27万人。
TPC vs VSH — 直观对比
营收规模更大
TPC
是对方的1.9倍
$800.9M
营收增速更快
TPC
高出29.1%
12.1%
净利率更高
TPC
高出1.8%
0.1%
自由现金流更多
TPC
多$44.1M
$54.6M
两年增速更快
TPC
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $800.9M |
| 净利润 | $28.8M | $986.0K |
| 毛利率 | 9.8% | 19.6% |
| 营业利润率 | 3.3% | 1.8% |
| 净利率 | 1.9% | 0.1% |
| 营收同比 | 41.2% | 12.1% |
| 净利润同比 | 136.3% | 101.5% |
| 每股收益（稀释后） | $0.53 | $0.01 |
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TPCVSH
| Q4 25 | $1.5B | $800.9M | ||
| Q3 25 | $1.4B | $790.6M | ||
| Q2 25 | $1.4B | $762.3M | ||
| Q1 25 | $1.2B | $715.2M | ||
| Q4 24 | $1.1B | $714.7M | ||
| Q3 24 | $1.1B | $735.4M | ||
| Q2 24 | $1.1B | $741.2M | ||
| Q1 24 | $1.0B | $746.3M |
净利润TPCVSH
| Q4 25 | $28.8M | $986.0K | ||
| Q3 25 | $3.6M | $-7.9M | ||
| Q2 25 | $20.0M | $2.0M | ||
| Q1 25 | $28.0M | $-4.1M | ||
| Q4 24 | $-79.4M | $-66.1M | ||
| Q3 24 | $-100.9M | $-19.3M | ||
| Q2 24 | $812.0K | $23.5M | ||
| Q1 24 | $15.8M | $30.9M |
毛利率TPCVSH
| Q4 25 | 9.8% | 19.6% | ||
| Q3 25 | 12.0% | 19.5% | ||
| Q2 25 | 14.3% | 19.5% | ||
| Q1 25 | 10.8% | 19.0% | ||
| Q4 24 | -0.9% | 19.9% | ||
| Q3 24 | -2.4% | 20.5% | ||
| Q2 24 | 10.4% | 22.0% | ||
| Q1 24 | 11.0% | 22.8% |
营业利润率TPCVSH
| Q4 25 | 3.3% | 1.8% | ||
| Q3 25 | 2.8% | 2.4% | ||
| Q2 25 | 5.6% | 2.9% | ||
| Q1 25 | 5.2% | 0.1% | ||
| Q4 24 | -8.1% | -7.9% | ||
| Q3 24 | -9.9% | -2.5% | ||
| Q2 24 | 3.6% | 5.1% | ||
| Q1 24 | 4.7% | 5.7% |
净利率TPCVSH
| Q4 25 | 1.9% | 0.1% | ||
| Q3 25 | 0.3% | -1.0% | ||
| Q2 25 | 1.5% | 0.3% | ||
| Q1 25 | 2.2% | -0.6% | ||
| Q4 24 | -7.4% | -9.2% | ||
| Q3 24 | -9.3% | -2.6% | ||
| Q2 24 | 0.1% | 3.2% | ||
| Q1 24 | 1.5% | 4.1% |
每股收益（稀释后）TPCVSH
| Q4 25 | $0.53 | $0.01 | ||
| Q3 25 | $0.07 | $-0.06 | ||
| Q2 25 | $0.38 | $0.01 | ||
| Q1 25 | $0.53 | $-0.03 | ||
| Q4 24 | $-1.53 | $-0.48 | ||
| Q3 24 | $-1.92 | $-0.14 | ||
| Q2 24 | $0.02 | $0.17 | ||
| Q1 24 | $0.30 | $0.22 |
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 | $515.0M |
| 总债务越低越好 | $407.4M | $950.9M |
| 股东权益账面价值 | $1.2B | $2.1B |
| 总资产 | $5.2B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资TPCVSH
| Q4 25 | $734.6M | $515.0M | ||
| Q3 25 | $695.7M | $443.9M | ||
| Q2 25 | $526.1M | $473.9M | ||
| Q1 25 | $276.5M | $609.4M | ||
| Q4 24 | $455.1M | $590.3M | ||
| Q3 24 | $287.4M | $643.8M | ||
| Q2 24 | $267.1M | $672.7M | ||
| Q1 24 | $358.3M | $796.5M |
总债务TPCVSH
| Q4 25 | $407.4M | $950.9M | ||
| Q3 25 | $413.1M | $919.7M | ||
| Q2 25 | $419.4M | $914.5M | ||
| Q1 25 | $405.6M | $988.2M | ||
| Q4 24 | $534.1M | $905.0M | ||
| Q3 24 | $681.4M | $820.8M | ||
| Q2 24 | $676.4M | $820.6M | ||
| Q1 24 | $801.2M | $819.4M |
股东权益TPCVSH
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $1.2B | $2.0B | ||
| Q4 24 | $1.1B | $2.0B | ||
| Q3 24 | $1.2B | $2.2B | ||
| Q2 24 | $1.3B | $2.2B | ||
| Q1 24 | $1.3B | $2.2B |
总资产TPCVSH
| Q4 25 | $5.2B | $4.2B | ||
| Q3 25 | $5.2B | $4.2B | ||
| Q2 25 | $4.9B | $4.2B | ||
| Q1 25 | $4.5B | $4.2B | ||
| Q4 24 | $4.2B | $4.1B | ||
| Q3 24 | $4.4B | $4.2B | ||
| Q2 24 | $4.3B | $4.2B | ||
| Q1 24 | $4.4B | $4.3B |
负债/权益比TPCVSH
| Q4 25 | 0.33× | 0.46× | ||
| Q3 25 | 0.35× | 0.44× | ||
| Q2 25 | 0.35× | 0.44× | ||
| Q1 25 | 0.35× | 0.49× | ||
| Q4 24 | 0.47× | 0.45× | ||
| Q3 24 | 0.56× | 0.38× | ||
| Q2 24 | 0.52× | 0.38× | ||
| Q1 24 | 0.61× | 0.38× |
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 | $149.4M |
| 自由现金流经营现金流 - 资本支出 | $98.7M | $54.6M |
| 自由现金流率自由现金流/营收 | 6.5% | 6.8% |
| 资本支出强度资本支出/营收 | 5.0% | 11.8% |
| 现金转化率经营现金流/净利润 | 6.02× | 151.48× |
| 过去12个月自由现金流最近4个季度 | $567.2M | $-89.0M |
8季度趋势，按日历期对齐
经营现金流TPCVSH
| Q4 25 | $173.7M | $149.4M | ||
| Q3 25 | $289.1M | $27.6M | ||
| Q2 25 | $262.4M | $-8.8M | ||
| Q1 25 | $22.9M | $16.1M | ||
| Q4 24 | $329.6M | $67.7M | ||
| Q3 24 | $22.6M | $50.6M | ||
| Q2 24 | $53.1M | $-24.7M | ||
| Q1 24 | $98.3M | $80.2M |
自由现金流TPCVSH
| Q4 25 | $98.7M | $54.6M | ||
| Q3 25 | $240.2M | $-24.7M | ||
| Q2 25 | $235.6M | $-73.4M | ||
| Q1 25 | $-7.2M | $-45.5M | ||
| Q4 24 | $320.4M | $-77.2M | ||
| Q3 24 | $15.6M | $-9.0M | ||
| Q2 24 | $42.2M | $-87.3M | ||
| Q1 24 | $87.8M | $27.1M |
自由现金流率TPCVSH
| Q4 25 | 6.5% | 6.8% | ||
| Q3 25 | 17.0% | -3.1% | ||
| Q2 25 | 17.1% | -9.6% | ||
| Q1 25 | -0.6% | -6.4% | ||
| Q4 24 | 30.0% | -10.8% | ||
| Q3 24 | 1.4% | -1.2% | ||
| Q2 24 | 3.7% | -11.8% | ||
| Q1 24 | 8.4% | 3.6% |
资本支出强度TPCVSH
| Q4 25 | 5.0% | 11.8% | ||
| Q3 25 | 3.5% | 6.6% | ||
| Q2 25 | 2.0% | 8.5% | ||
| Q1 25 | 2.4% | 8.6% | ||
| Q4 24 | 0.9% | 20.3% | ||
| Q3 24 | 0.6% | 8.1% | ||
| Q2 24 | 1.0% | 8.4% | ||
| Q1 24 | 1.0% | 7.1% |
现金转化率TPCVSH
| Q4 25 | 6.02× | 151.48× | ||
| Q3 25 | 79.63× | — | ||
| Q2 25 | 13.14× | -4.39× | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 65.44× | -1.05× | ||
| Q1 24 | 6.24× | 2.59× |
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% |
VSH
| Resistors Segment | $189.4M | 24% |
| Diodes Segment | $154.2M | 19% |
| Capacitors Segment | $136.5M | 17% |
| Other | $126.4M | 16% |
| Inductors Segment | $92.6M | 12% |
| Optoelectronic Components Segment | $55.7M | 7% |
| EMS Companies | $51.6M | 6% |
