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TUTOR PERINI CORP（TPC）与WEC Energy Group（WEC）财务数据对比。点击上方公司名可切换其他公司
WEC Energy Group的季度营收约是TUTOR PERINI CORP的1.7倍（$2.5B vs $1.5B），WEC Energy Group净利率更高（12.5% vs 1.9%，领先10.6%），TUTOR PERINI CORP同比增速更快（41.2% vs 11.1%），过去两年TUTOR PERINI CORP的营收复合增速更高（19.9% vs -2.7%）
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。
WEC能源集团是总部位于美国威斯康星州密尔沃基的知名能源企业，业务覆盖美国四个州，为总计440万用户提供可靠的电力及天然气供应服务，是北美地区颇具规模的区域性能源服务商。
TPC vs WEC — 直观对比
营收规模更大
WEC
是对方的1.7倍
$1.5B
营收增速更快
TPC
高出30.1%
11.1%
净利率更高
WEC
高出10.6%
1.9%
两年增速更快
TPC
近两年复合增速
-2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.5B |
| 净利润 | $28.8M | $316.8M |
| 毛利率 | 9.8% | 63.7% |
| 营业利润率 | 3.3% | 17.9% |
| 净利率 | 1.9% | 12.5% |
| 营收同比 | 41.2% | 11.1% |
| 净利润同比 | 136.3% | -30.1% |
| 每股收益（稀释后） | $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TPCWEC
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $1.2B | $3.1B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $1.1B | $1.9B | ||
| Q2 24 | $1.1B | $1.8B | ||
| Q1 24 | $1.0B | $2.7B |
净利润TPCWEC
| Q4 25 | $28.8M | $316.8M | ||
| Q3 25 | $3.6M | $270.2M | ||
| Q2 25 | $20.0M | $243.0M | ||
| Q1 25 | $28.0M | $725.5M | ||
| Q4 24 | $-79.4M | $453.1M | ||
| Q3 24 | $-100.9M | $238.6M | ||
| Q2 24 | $812.0K | $210.0M | ||
| Q1 24 | $15.8M | $622.6M |
毛利率TPCWEC
| Q4 25 | 9.8% | 63.7% | ||
| Q3 25 | 12.0% | 71.1% | ||
| Q2 25 | 14.3% | 71.6% | ||
| Q1 25 | 10.8% | 63.0% | ||
| Q4 24 | -0.9% | 67.7% | ||
| Q3 24 | -2.4% | 72.1% | ||
| Q2 24 | 10.4% | 73.5% | ||
| Q1 24 | 11.0% | 65.4% |
营业利润率TPCWEC
| Q4 25 | 3.3% | 17.9% | ||
| Q3 25 | 2.8% | 21.4% | ||
| Q2 25 | 5.6% | 20.1% | ||
| Q1 25 | 5.2% | 29.8% | ||
| Q4 24 | -8.1% | 25.9% | ||
| Q3 24 | -9.9% | 20.6% | ||
| Q2 24 | 3.6% | 20.6% | ||
| Q1 24 | 4.7% | 30.3% |
净利率TPCWEC
| Q4 25 | 1.9% | 12.5% | ||
| Q3 25 | 0.3% | 12.8% | ||
| Q2 25 | 1.5% | 12.1% | ||
| Q1 25 | 2.2% | 23.0% | ||
| Q4 24 | -7.4% | 19.8% | ||
| Q3 24 | -9.3% | 12.8% | ||
| Q2 24 | 0.1% | 11.9% | ||
| Q1 24 | 1.5% | 23.2% |
每股收益（稀释后）TPCWEC
| Q4 25 | $0.53 | — | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.38 | — | ||
| Q1 25 | $0.53 | — | ||
| Q4 24 | $-1.53 | — | ||
| Q3 24 | $-1.92 | — | ||
| Q2 24 | $0.02 | — | ||
| Q1 24 | $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 | $734.6M | $27.6M |
| 总债务越低越好 | $407.4M | $20.0B |
| 股东权益账面价值 | $1.2B | $14.1B |
| 总资产 | $5.2B | $51.5B |
| 负债/权益比越低杠杆越低 | 0.33× | 1.42× |
8季度趋势，按日历期对齐
现金及短期投资TPCWEC
| Q4 25 | $734.6M | $27.6M | ||
| Q3 25 | $695.7M | $51.1M | ||
| Q2 25 | $526.1M | $23.0M | ||
| Q1 25 | $276.5M | $82.2M | ||
| Q4 24 | $455.1M | $9.8M | ||
| Q3 24 | $287.4M | $322.5M | ||
| Q2 24 | $267.1M | $224.0M | ||
| Q1 24 | $358.3M | $38.9M |
总债务TPCWEC
| Q4 25 | $407.4M | $20.0B | ||
| Q3 25 | $413.1M | — | ||
| Q2 25 | $419.4M | — | ||
| Q1 25 | $405.6M | — | ||
| Q4 24 | $534.1M | $18.9B | ||
| Q3 24 | $681.4M | $16.9B | ||
| Q2 24 | $676.4M | $16.9B | ||
| Q1 24 | $801.2M | $15.4B |
股东权益TPCWEC
| Q4 25 | $1.2B | $14.1B | ||
| Q3 25 | $1.2B | $14.0B | ||
| Q2 25 | $1.2B | $13.7B | ||
| Q1 25 | $1.2B | $13.4B | ||
| Q4 24 | $1.1B | $12.8B | ||
| Q3 24 | $1.2B | $12.4B | ||
| Q2 24 | $1.3B | $12.4B | ||
| Q1 24 | $1.3B | $12.4B |
总资产TPCWEC
| Q4 25 | $5.2B | $51.5B | ||
| Q3 25 | $5.2B | $49.8B | ||
| Q2 25 | $4.9B | $48.5B | ||
| Q1 25 | $4.5B | $48.2B | ||
| Q4 24 | $4.2B | $47.4B | ||
| Q3 24 | $4.4B | $45.2B | ||
| Q2 24 | $4.3B | $44.6B | ||
| Q1 24 | $4.4B | $43.9B |
负债/权益比TPCWEC
| Q4 25 | 0.33× | 1.42× | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.47× | 1.48× | ||
| Q3 24 | 0.56× | 1.36× | ||
| Q2 24 | 0.52× | 1.36× | ||
| Q1 24 | 0.61× | 1.24× |
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 | $424.6M |
| 自由现金流经营现金流 - 资本支出 | $98.7M | — |
| 自由现金流率自由现金流/营收 | 6.5% | — |
| 资本支出强度资本支出/营收 | 5.0% | — |
| 现金转化率经营现金流/净利润 | 6.02× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $567.2M | — |
8季度趋势，按日历期对齐
经营现金流TPCWEC
| Q4 25 | $173.7M | $424.6M | ||
| Q3 25 | $289.1M | $938.9M | ||
| Q2 25 | $262.4M | $853.3M | ||
| Q1 25 | $22.9M | $1.2B | ||
| Q4 24 | $329.6M | $581.8M | ||
| Q3 24 | $22.6M | $729.0M | ||
| Q2 24 | $53.1M | $1.0B | ||
| Q1 24 | $98.3M | $863.6M |
自由现金流TPCWEC
| Q4 25 | $98.7M | — | ||
| Q3 25 | $240.2M | $-625.7M | ||
| Q2 25 | $235.6M | $23.9M | ||
| Q1 25 | $-7.2M | $461.5M | ||
| Q4 24 | $320.4M | — | ||
| Q3 24 | $15.6M | $-67.3M | ||
| Q2 24 | $42.2M | $343.5M | ||
| Q1 24 | $87.8M | $419.1M |
自由现金流率TPCWEC
| Q4 25 | 6.5% | — | ||
| Q3 25 | 17.0% | -29.7% | ||
| Q2 25 | 17.1% | 1.2% | ||
| Q1 25 | -0.6% | 14.7% | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 1.4% | -3.6% | ||
| Q2 24 | 3.7% | 19.4% | ||
| Q1 24 | 8.4% | 15.6% |
资本支出强度TPCWEC
| Q4 25 | 5.0% | — | ||
| Q3 25 | 3.5% | 74.4% | ||
| Q2 25 | 2.0% | 41.3% | ||
| Q1 25 | 2.4% | 22.3% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.6% | 42.7% | ||
| Q2 24 | 1.0% | 39.2% | ||
| Q1 24 | 1.0% | 16.6% |
现金转化率TPCWEC
| Q4 25 | 6.02× | 1.34× | ||
| Q3 25 | 79.63× | 3.47× | ||
| Q2 25 | 13.14× | 3.51× | ||
| Q1 25 | 0.82× | 1.60× | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | 65.44× | 4.94× | ||
| Q1 24 | 6.24× | 1.39× |
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% |
WEC
| Wisconsin | $1.9B | 73% |
| Illinois | $441.2M | 17% |
| Other States | $165.1M | 7% |
| External Revenues | $74.0M | 3% |
| Otheroperatingrevenues | $8.0M | 0% |
