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TUTOR PERINI CORP（TPC）与West Pharmaceutical Services（WST）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West Pharmaceutical Services的1.9倍（$1.5B vs $805.0M），West Pharmaceutical Services净利率更高（16.4% vs 1.9%，领先14.5%），TUTOR PERINI CORP同比增速更快（41.2% vs 7.5%），West Pharmaceutical Services自由现金流更多（$175.0M vs $98.7M），过去两年TUTOR PERINI CORP的营收复合增速更高（19.9% vs 7.6%）
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。
美国West Pharmaceutical Services是注射用药品包装及给药系统的设计和制造商，1923年成立，总部位于宾夕法尼亚州埃克斯顿。成立初期主营注射类药物包装用橡胶组件，曾为青霉素和胰岛素生产商提供符合无菌要求的配套产品。
TPC vs WST — 直观对比
营收规模更大
TPC
是对方的1.9倍
$805.0M
营收增速更快
TPC
高出33.7%
7.5%
净利率更高
WST
高出14.5%
1.9%
自由现金流更多
WST
多$76.3M
$98.7M
两年增速更快
TPC
近两年复合增速
7.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $805.0M |
| 净利润 | $28.8M | $132.1M |
| 毛利率 | 9.8% | 37.8% |
| 营业利润率 | 3.3% | 19.5% |
| 净利率 | 1.9% | 16.4% |
| 营收同比 | 41.2% | 7.5% |
| 净利润同比 | 136.3% | 1.5% |
| 每股收益（稀释后） | $0.53 | $1.82 |
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TPCWST
| Q4 25 | $1.5B | $805.0M | ||
| Q3 25 | $1.4B | $804.6M | ||
| Q2 25 | $1.4B | $766.5M | ||
| Q1 25 | $1.2B | $698.0M | ||
| Q4 24 | $1.1B | $748.8M | ||
| Q3 24 | $1.1B | $746.9M | ||
| Q2 24 | $1.1B | $702.1M | ||
| Q1 24 | $1.0B | $695.4M |
净利润TPCWST
| Q4 25 | $28.8M | $132.1M | ||
| Q3 25 | $3.6M | $140.0M | ||
| Q2 25 | $20.0M | $131.8M | ||
| Q1 25 | $28.0M | $89.8M | ||
| Q4 24 | $-79.4M | $130.1M | ||
| Q3 24 | $-100.9M | $136.0M | ||
| Q2 24 | $812.0K | $111.3M | ||
| Q1 24 | $15.8M | $115.3M |
毛利率TPCWST
| Q4 25 | 9.8% | 37.8% | ||
| Q3 25 | 12.0% | 36.6% | ||
| Q2 25 | 14.3% | 35.7% | ||
| Q1 25 | 10.8% | 33.2% | ||
| Q4 24 | -0.9% | 36.5% | ||
| Q3 24 | -2.4% | 35.4% | ||
| Q2 24 | 10.4% | 32.8% | ||
| Q1 24 | 11.0% | 33.1% |
营业利润率TPCWST
| Q4 25 | 3.3% | 19.5% | ||
| Q3 25 | 2.8% | 20.8% | ||
| Q2 25 | 5.6% | 20.1% | ||
| Q1 25 | 5.2% | 15.3% | ||
| Q4 24 | -8.1% | 21.3% | ||
| Q3 24 | -9.9% | 21.6% | ||
| Q2 24 | 3.6% | 18.0% | ||
| Q1 24 | 4.7% | 17.7% |
净利率TPCWST
| Q4 25 | 1.9% | 16.4% | ||
| Q3 25 | 0.3% | 17.4% | ||
| Q2 25 | 1.5% | 17.2% | ||
| Q1 25 | 2.2% | 12.9% | ||
| Q4 24 | -7.4% | 17.4% | ||
| Q3 24 | -9.3% | 18.2% | ||
| Q2 24 | 0.1% | 15.9% | ||
| Q1 24 | 1.5% | 16.6% |
每股收益（稀释后）TPCWST
| Q4 25 | $0.53 | $1.82 | ||
| Q3 25 | $0.07 | $1.92 | ||
| Q2 25 | $0.38 | $1.82 | ||
| Q1 25 | $0.53 | $1.23 | ||
| Q4 24 | $-1.53 | $1.78 | ||
| Q3 24 | $-1.92 | $1.85 | ||
| Q2 24 | $0.02 | $1.51 | ||
| Q1 24 | $0.30 | $1.55 |
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 | $791.3M |
| 总债务越低越好 | $407.4M | $202.8M |
| 股东权益账面价值 | $1.2B | $3.2B |
| 总资产 | $5.2B | $4.3B |
| 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TPCWST
| Q4 25 | $734.6M | $791.3M | ||
| Q3 25 | $695.7M | $628.5M | ||
| Q2 25 | $526.1M | $509.7M | ||
| Q1 25 | $276.5M | $404.2M | ||
| Q4 24 | $455.1M | $484.6M | ||
| Q3 24 | $287.4M | $490.9M | ||
| Q2 24 | $267.1M | $446.2M | ||
| Q1 24 | $358.3M | $601.8M |
总债务TPCWST
| Q4 25 | $407.4M | $202.8M | ||
| Q3 25 | $413.1M | $202.7M | ||
| Q2 25 | $419.4M | $202.6M | ||
| Q1 25 | $405.6M | $202.6M | ||
| Q4 24 | $534.1M | $202.6M | ||
| Q3 24 | $681.4M | $202.6M | ||
| Q2 24 | $676.4M | $205.8M | ||
| Q1 24 | $801.2M | $206.2M |
股东权益TPCWST
| Q4 25 | $1.2B | $3.2B | ||
| Q3 25 | $1.2B | $3.1B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $1.2B | $2.7B | ||
| Q4 24 | $1.1B | $2.7B | ||
| Q3 24 | $1.2B | $2.8B | ||
| Q2 24 | $1.3B | $2.6B | ||
| Q1 24 | $1.3B | $2.7B |
总资产TPCWST
| Q4 25 | $5.2B | $4.3B | ||
| Q3 25 | $5.2B | $4.1B | ||
| Q2 25 | $4.9B | $4.0B | ||
| Q1 25 | $4.5B | $3.6B | ||
| Q4 24 | $4.2B | $3.6B | ||
| Q3 24 | $4.4B | $3.7B | ||
| Q2 24 | $4.3B | $3.5B | ||
| Q1 24 | $4.4B | $3.6B |
负债/权益比TPCWST
| Q4 25 | 0.33× | 0.06× | ||
| Q3 25 | 0.35× | 0.07× | ||
| Q2 25 | 0.35× | 0.07× | ||
| Q1 25 | 0.35× | 0.08× | ||
| Q4 24 | 0.47× | 0.08× | ||
| Q3 24 | 0.56× | 0.07× | ||
| Q2 24 | 0.52× | 0.08× | ||
| Q1 24 | 0.61× | 0.08× |
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 | $251.1M |
| 自由现金流经营现金流 - 资本支出 | $98.7M | $175.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 21.7% |
| 资本支出强度资本支出/营收 | 5.0% | 9.5% |
| 现金转化率经营现金流/净利润 | 6.02× | 1.90× |
| 过去12个月自由现金流最近4个季度 | $567.2M | $468.9M |
8季度趋势，按日历期对齐
经营现金流TPCWST
| Q4 25 | $173.7M | $251.1M | ||
| Q3 25 | $289.1M | $197.2M | ||
| Q2 25 | $262.4M | $177.1M | ||
| Q1 25 | $22.9M | $129.4M | ||
| Q4 24 | $329.6M | $190.1M | ||
| Q3 24 | $22.6M | $180.1M | ||
| Q2 24 | $53.1M | $165.0M | ||
| Q1 24 | $98.3M | $118.2M |
自由现金流TPCWST
| Q4 25 | $98.7M | $175.0M | ||
| Q3 25 | $240.2M | $133.9M | ||
| Q2 25 | $235.6M | $101.9M | ||
| Q1 25 | $-7.2M | $58.1M | ||
| Q4 24 | $320.4M | $85.2M | ||
| Q3 24 | $15.6M | $98.8M | ||
| Q2 24 | $42.2M | $64.8M | ||
| Q1 24 | $87.8M | $27.6M |
自由现金流率TPCWST
| Q4 25 | 6.5% | 21.7% | ||
| Q3 25 | 17.0% | 16.6% | ||
| Q2 25 | 17.1% | 13.3% | ||
| Q1 25 | -0.6% | 8.3% | ||
| Q4 24 | 30.0% | 11.4% | ||
| Q3 24 | 1.4% | 13.2% | ||
| Q2 24 | 3.7% | 9.2% | ||
| Q1 24 | 8.4% | 4.0% |
资本支出强度TPCWST
| Q4 25 | 5.0% | 9.5% | ||
| Q3 25 | 3.5% | 7.9% | ||
| Q2 25 | 2.0% | 9.8% | ||
| Q1 25 | 2.4% | 10.2% | ||
| Q4 24 | 0.9% | 14.0% | ||
| Q3 24 | 0.6% | 10.9% | ||
| Q2 24 | 1.0% | 14.3% | ||
| Q1 24 | 1.0% | 13.0% |
现金转化率TPCWST
| Q4 25 | 6.02× | 1.90× | ||
| Q3 25 | 79.63× | 1.41× | ||
| Q2 25 | 13.14× | 1.34× | ||
| Q1 25 | 0.82× | 1.44× | ||
| Q4 24 | — | 1.46× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | 65.44× | 1.48× | ||
| Q1 24 | 6.24× | 1.03× |
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% |
WST
| Proprietary Products | $661.8M | 82% |
| Contract Manufactured Products | $143.2M | 18% |
| Affiliated Entity | $3.3M | 0% |
