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TUTOR PERINI CORP（TPC）与Worthington Steel, Inc.（WS）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Worthington Steel, Inc.的1.7倍（$1.5B vs $871.9M），Worthington Steel, Inc.净利率更高（2.2% vs 1.9%，领先0.2%），TUTOR PERINI CORP同比增速更快（41.2% vs 18.0%），TUTOR PERINI CORP自由现金流更多（$98.7M vs $74.6M），过去两年TUTOR PERINI CORP的营收复合增速更高（19.9% vs 3.9%）
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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
TPC vs WS — 直观对比
营收规模更大
TPC
是对方的1.7倍
$871.9M
营收增速更快
TPC
高出23.2%
18.0%
净利率更高
WS
高出0.2%
1.9%
自由现金流更多
TPC
多$24.1M
$74.6M
两年增速更快
TPC
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $871.9M |
| 净利润 | $28.8M | $18.8M |
| 毛利率 | 9.8% | 10.7% |
| 营业利润率 | 3.3% | 2.5% |
| 净利率 | 1.9% | 2.2% |
| 营收同比 | 41.2% | 18.0% |
| 净利润同比 | 136.3% | 46.9% |
| 每股收益（稀释后） | $0.53 | $0.37 |
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TPCWS
| Q4 25 | $1.5B | $871.9M | ||
| Q3 25 | $1.4B | $872.9M | ||
| Q2 25 | $1.4B | $832.9M | ||
| Q1 25 | $1.2B | $687.4M | ||
| Q4 24 | $1.1B | $739.0M | ||
| Q3 24 | $1.1B | $834.0M | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.0B | $805.8M |
净利润TPCWS
| Q4 25 | $28.8M | $18.8M | ||
| Q3 25 | $3.6M | $36.8M | ||
| Q2 25 | $20.0M | $55.7M | ||
| Q1 25 | $28.0M | $13.8M | ||
| Q4 24 | $-79.4M | $12.8M | ||
| Q3 24 | $-100.9M | $28.4M | ||
| Q2 24 | $812.0K | — | ||
| Q1 24 | $15.8M | $49.0M |
毛利率TPCWS
| Q4 25 | 9.8% | 10.7% | ||
| Q3 25 | 12.0% | 13.2% | ||
| Q2 25 | 14.3% | 15.2% | ||
| Q1 25 | 10.8% | 11.8% | ||
| Q4 24 | -0.9% | 10.8% | ||
| Q3 24 | -2.4% | 12.0% | ||
| Q2 24 | 10.4% | — | ||
| Q1 24 | 11.0% | 14.9% |
营业利润率TPCWS
| Q4 25 | 3.3% | 2.5% | ||
| Q3 25 | 2.8% | 5.5% | ||
| Q2 25 | 5.6% | 8.0% | ||
| Q1 25 | 5.2% | 2.7% | ||
| Q4 24 | -8.1% | 2.6% | ||
| Q3 24 | -9.9% | 5.2% | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 4.7% | 8.2% |
净利率TPCWS
| Q4 25 | 1.9% | 2.2% | ||
| Q3 25 | 0.3% | 4.2% | ||
| Q2 25 | 1.5% | 6.7% | ||
| Q1 25 | 2.2% | 2.0% | ||
| Q4 24 | -7.4% | 1.7% | ||
| Q3 24 | -9.3% | 3.4% | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 1.5% | 6.1% |
每股收益（稀释后）TPCWS
| Q4 25 | $0.53 | $0.37 | ||
| Q3 25 | $0.07 | $0.72 | ||
| Q2 25 | $0.38 | $1.11 | ||
| Q1 25 | $0.53 | $0.27 | ||
| Q4 24 | $-1.53 | $0.25 | ||
| Q3 24 | $-1.92 | $0.56 | ||
| Q2 24 | $0.02 | — | ||
| Q1 24 | $0.30 | $0.98 |
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 | $89.8M |
| 总债务越低越好 | $407.4M | $72.1M |
| 股东权益账面价值 | $1.2B | $1.1B |
| 总资产 | $5.2B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资TPCWS
| Q4 25 | $734.6M | $89.8M | ||
| Q3 25 | $695.7M | $78.3M | ||
| Q2 25 | $526.1M | $38.0M | ||
| Q1 25 | $276.5M | $63.3M | ||
| Q4 24 | $455.1M | $52.0M | ||
| Q3 24 | $287.4M | $36.0M | ||
| Q2 24 | $267.1M | — | ||
| Q1 24 | $358.3M | $60.8M |
总债务TPCWS
| Q4 25 | $407.4M | $72.1M | ||
| Q3 25 | $413.1M | $73.4M | ||
| Q2 25 | $419.4M | $151.5M | ||
| Q1 25 | $405.6M | — | ||
| Q4 24 | $534.1M | $115.0M | ||
| Q3 24 | $681.4M | $122.2M | ||
| Q2 24 | $676.4M | — | ||
| Q1 24 | $801.2M | $147.2M |
股东权益TPCWS
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | $937.6M |
总资产TPCWS
| Q4 25 | $5.2B | $2.1B | ||
| Q3 25 | $5.2B | $2.2B | ||
| Q2 25 | $4.9B | $2.0B | ||
| Q1 25 | $4.5B | $1.8B | ||
| Q4 24 | $4.2B | $1.7B | ||
| Q3 24 | $4.4B | $1.8B | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.4B | $1.8B |
负债/权益比TPCWS
| Q4 25 | 0.33× | 0.06× | ||
| Q3 25 | 0.35× | 0.07× | ||
| Q2 25 | 0.35× | 0.14× | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.47× | 0.11× | ||
| Q3 24 | 0.56× | 0.12× | ||
| Q2 24 | 0.52× | — | ||
| Q1 24 | 0.61× | 0.16× |
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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $98.7M | $74.6M |
| 自由现金流率自由现金流/营收 | 6.5% | 8.6% |
| 资本支出强度资本支出/营收 | 5.0% | 2.8% |
| 现金转化率经营现金流/净利润 | 6.02× | 5.28× |
| 过去12个月自由现金流最近4个季度 | $567.2M | $72.5M |
8季度趋势，按日历期对齐
经营现金流TPCWS
| Q4 25 | $173.7M | $99.3M | ||
| Q3 25 | $289.1M | $-6.3M | ||
| Q2 25 | $262.4M | $53.9M | ||
| Q1 25 | $22.9M | $53.8M | ||
| Q4 24 | $329.6M | $68.0M | ||
| Q3 24 | $22.6M | $54.6M | ||
| Q2 24 | $53.1M | — | ||
| Q1 24 | $98.3M | $44.7M |
自由现金流TPCWS
| Q4 25 | $98.7M | $74.6M | ||
| Q3 25 | $240.2M | $-35.7M | ||
| Q2 25 | $235.6M | $8.4M | ||
| Q1 25 | $-7.2M | $25.2M | ||
| Q4 24 | $320.4M | $33.2M | ||
| Q3 24 | $15.6M | $33.1M | ||
| Q2 24 | $42.2M | — | ||
| Q1 24 | $87.8M | $22.3M |
自由现金流率TPCWS
| Q4 25 | 6.5% | 8.6% | ||
| Q3 25 | 17.0% | -4.1% | ||
| Q2 25 | 17.1% | 1.0% | ||
| Q1 25 | -0.6% | 3.7% | ||
| Q4 24 | 30.0% | 4.5% | ||
| Q3 24 | 1.4% | 4.0% | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 8.4% | 2.8% |
资本支出强度TPCWS
| Q4 25 | 5.0% | 2.8% | ||
| Q3 25 | 3.5% | 3.4% | ||
| Q2 25 | 2.0% | 5.5% | ||
| Q1 25 | 2.4% | 4.2% | ||
| Q4 24 | 0.9% | 4.7% | ||
| Q3 24 | 0.6% | 2.6% | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | 1.0% | 2.8% |
现金转化率TPCWS
| Q4 25 | 6.02× | 5.28× | ||
| Q3 25 | 79.63× | -0.17× | ||
| Q2 25 | 13.14× | 0.97× | ||
| Q1 25 | 0.82× | 3.90× | ||
| Q4 24 | — | 5.31× | ||
| Q3 24 | — | 1.92× | ||
| Q2 24 | 65.44× | — | ||
| Q1 24 | 6.24× | 0.91× |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
