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TUTOR PERINI CORP（TPC）与捷迈邦美（ZBH）财务数据对比。点击上方公司名可切换其他公司
捷迈邦美的季度营收约是TUTOR PERINI CORP的1.4倍（$2.1B vs $1.5B），捷迈邦美净利率更高（11.4% vs 1.9%，领先9.5%），TUTOR PERINI CORP同比增速更快（41.2% vs 9.3%），捷迈邦美自由现金流更多（$245.9M vs $98.7M），过去两年TUTOR PERINI CORP的营收复合增速更高（19.9% vs 3.7%）
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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
TPC vs ZBH — 直观对比
营收规模更大
ZBH
是对方的1.4倍
$1.5B
营收增速更快
TPC
高出31.9%
9.3%
净利率更高
ZBH
高出9.5%
1.9%
自由现金流更多
ZBH
多$147.2M
$98.7M
两年增速更快
TPC
近两年复合增速
3.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.1B |
| 净利润 | $28.8M | $238.3M |
| 毛利率 | 9.8% | 64.6% |
| 营业利润率 | 3.3% | 17.9% |
| 净利率 | 1.9% | 11.4% |
| 营收同比 | 41.2% | 9.3% |
| 净利润同比 | 136.3% | 30.5% |
| 每股收益（稀释后） | $0.53 | $1.22 |
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TPCZBH
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $1.1B | $2.0B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.1B | $1.9B |
净利润TPCZBH
| Q1 26 | — | $238.3M | ||
| Q4 25 | $28.8M | $139.4M | ||
| Q3 25 | $3.6M | $230.9M | ||
| Q2 25 | $20.0M | $152.8M | ||
| Q1 25 | $28.0M | $182.0M | ||
| Q4 24 | $-79.4M | $239.5M | ||
| Q3 24 | $-100.9M | $249.1M | ||
| Q2 24 | $812.0K | $242.8M |
毛利率TPCZBH
| Q1 26 | — | 64.6% | ||
| Q4 25 | 9.8% | 64.7% | ||
| Q3 25 | 12.0% | 72.1% | ||
| Q2 25 | 14.3% | 71.5% | ||
| Q1 25 | 10.8% | 71.2% | ||
| Q4 24 | -0.9% | 71.0% | ||
| Q3 24 | -2.4% | 70.5% | ||
| Q2 24 | 10.4% | 71.5% |
营业利润率TPCZBH
| Q1 26 | — | 17.9% | ||
| Q4 25 | 3.3% | 6.9% | ||
| Q3 25 | 2.8% | 17.6% | ||
| Q2 25 | 5.6% | 14.4% | ||
| Q1 25 | 5.2% | 15.3% | ||
| Q4 24 | -8.1% | 19.2% | ||
| Q3 24 | -9.9% | 15.3% | ||
| Q2 24 | 3.6% | 18.1% |
净利率TPCZBH
| Q1 26 | — | 11.4% | ||
| Q4 25 | 1.9% | 6.2% | ||
| Q3 25 | 0.3% | 11.5% | ||
| Q2 25 | 1.5% | 7.4% | ||
| Q1 25 | 2.2% | 9.5% | ||
| Q4 24 | -7.4% | 11.8% | ||
| Q3 24 | -9.3% | 13.7% | ||
| Q2 24 | 0.1% | 12.5% |
每股收益（稀释后）TPCZBH
| Q1 26 | — | $1.22 | ||
| Q4 25 | $0.53 | $0.71 | ||
| Q3 25 | $0.07 | $1.16 | ||
| Q2 25 | $0.38 | $0.77 | ||
| Q1 25 | $0.53 | $0.91 | ||
| Q4 24 | $-1.53 | $1.18 | ||
| Q3 24 | $-1.92 | $1.23 | ||
| Q2 24 | $0.02 | $1.18 |
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 | $424.2M |
| 总债务越低越好 | $407.4M | $7.5B |
| 股东权益账面价值 | $1.2B | $12.7B |
| 总资产 | $5.2B | $22.7B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资TPCZBH
| Q1 26 | — | $424.2M | ||
| Q4 25 | $734.6M | $591.9M | ||
| Q3 25 | $695.7M | $1.3B | ||
| Q2 25 | $526.1M | $556.9M | ||
| Q1 25 | $276.5M | $1.4B | ||
| Q4 24 | $455.1M | $525.5M | ||
| Q3 24 | $287.4M | $569.0M | ||
| Q2 24 | $267.1M | $420.1M |
总债务TPCZBH
| Q1 26 | — | $7.5B | ||
| Q4 25 | $407.4M | — | ||
| Q3 25 | $413.1M | — | ||
| Q2 25 | $419.4M | — | ||
| Q1 25 | $405.6M | — | ||
| Q4 24 | $534.1M | — | ||
| Q3 24 | $681.4M | — | ||
| Q2 24 | $676.4M | — |
股东权益TPCZBH
| Q1 26 | — | $12.7B | ||
| Q4 25 | $1.2B | $12.7B | ||
| Q3 25 | $1.2B | $12.8B | ||
| Q2 25 | $1.2B | $12.5B | ||
| Q1 25 | $1.2B | $12.4B | ||
| Q4 24 | $1.1B | $12.5B | ||
| Q3 24 | $1.2B | $12.4B | ||
| Q2 24 | $1.3B | $12.7B |
总资产TPCZBH
| Q1 26 | — | $22.7B | ||
| Q4 25 | $5.2B | $23.1B | ||
| Q3 25 | $5.2B | $23.5B | ||
| Q2 25 | $4.9B | $22.9B | ||
| Q1 25 | $4.5B | $22.2B | ||
| Q4 24 | $4.2B | $21.4B | ||
| Q3 24 | $4.4B | $21.7B | ||
| Q2 24 | $4.3B | $21.5B |
负债/权益比TPCZBH
| Q1 26 | — | 0.59× | ||
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 0.52× | — |
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 | $359.4M |
| 自由现金流经营现金流 - 资本支出 | $98.7M | $245.9M |
| 自由现金流率自由现金流/营收 | 6.5% | 11.8% |
| 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× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $567.2M | $1.4B |
8季度趋势，按日历期对齐
经营现金流TPCZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $173.7M | $517.4M | ||
| Q3 25 | $289.1M | $418.7M | ||
| Q2 25 | $262.4M | $378.2M | ||
| Q1 25 | $22.9M | $382.8M | ||
| Q4 24 | $329.6M | $506.3M | ||
| Q3 24 | $22.6M | $395.7M | ||
| Q2 24 | $53.1M | $369.4M |
自由现金流TPCZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | $98.7M | $442.6M | ||
| Q3 25 | $240.2M | $363.7M | ||
| Q2 25 | $235.6M | $328.1M | ||
| Q1 25 | $-7.2M | $338.2M | ||
| Q4 24 | $320.4M | $454.8M | ||
| Q3 24 | $15.6M | $351.2M | ||
| Q2 24 | $42.2M | $316.7M |
自由现金流率TPCZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | 6.5% | 19.7% | ||
| Q3 25 | 17.0% | 18.2% | ||
| Q2 25 | 17.1% | 15.8% | ||
| Q1 25 | -0.6% | 17.7% | ||
| Q4 24 | 30.0% | 22.5% | ||
| Q3 24 | 1.4% | 19.3% | ||
| Q2 24 | 3.7% | 16.3% |
资本支出强度TPCZBH
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | 3.3% | ||
| Q3 25 | 3.5% | 2.7% | ||
| Q2 25 | 2.0% | 2.4% | ||
| Q1 25 | 2.4% | 2.3% | ||
| Q4 24 | 0.9% | 2.5% | ||
| Q3 24 | 0.6% | 2.4% | ||
| Q2 24 | 1.0% | 2.7% |
现金转化率TPCZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | 6.02× | 3.71× | ||
| Q3 25 | 79.63× | 1.81× | ||
| Q2 25 | 13.14× | 2.48× | ||
| Q1 25 | 0.82× | 2.10× | ||
| Q4 24 | — | 2.11× | ||
| Q3 24 | — | 1.59× | ||
| Q2 24 | 65.44× | 1.52× |
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% |
ZBH
暂无分部数据
