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安朗杰（ALLE）与American Water Works（AWK）财务数据对比。点击上方公司名可切换其他公司
American Water Works的季度营收约是安朗杰的1.2倍（$1.3B vs $1.0B），American Water Works净利率更高（18.7% vs 13.4%，领先5.4%），安朗杰同比增速更快（9.7% vs 5.8%），过去两年American Water Works的营收复合增速更高（12.6% vs 3.5%）
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
American Water Works通过旗下子公司在美国境内提供专业供水与污水处理服务，业务覆盖14个州的约1700个社区，服务约340万活跃用户，客户群体涵盖住宅用户、食品饮料供应商、商业地产开发商与运营商、能源供应商等商业客户、消防服务及工业类客户等。
ALLE vs AWK — 直观对比
营收规模更大
AWK
是对方的1.2倍
$1.0B
营收增速更快
ALLE
高出3.9%
5.8%
净利率更高
AWK
高出5.4%
13.4%
两年增速更快
AWK
近两年复合增速
3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.3B |
| 净利润 | $138.1M | $238.0M |
| 毛利率 | 44.0% | — |
| 营业利润率 | 18.9% | 31.9% |
| 净利率 | 13.4% | 18.7% |
| 营收同比 | 9.7% | 5.8% |
| 净利润同比 | -6.8% | -0.4% |
| 每股收益（稀释后） | — | $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ALLEAWK
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $941.9M | $1.1B | ||
| Q4 24 | $945.6M | $1.2B | ||
| Q3 24 | $967.1M | $1.3B | ||
| Q2 24 | $965.6M | $1.1B |
净利润ALLEAWK
| Q1 26 | $138.1M | — | ||
| Q4 25 | $147.5M | $238.0M | ||
| Q3 25 | $188.4M | $379.0M | ||
| Q2 25 | $159.7M | $289.0M | ||
| Q1 25 | $148.2M | $205.0M | ||
| Q4 24 | $144.1M | $239.0M | ||
| Q3 24 | $174.2M | $350.0M | ||
| Q2 24 | $155.4M | $277.0M |
毛利率ALLEAWK
| Q1 26 | 44.0% | — | ||
| Q4 25 | 44.5% | — | ||
| Q3 25 | 45.8% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 44.9% | — | ||
| Q4 24 | 44.1% | — | ||
| Q3 24 | 44.7% | — | ||
| Q2 24 | 44.4% | — |
营业利润率ALLEAWK
| Q1 26 | 18.9% | — | ||
| Q4 25 | 20.3% | 31.9% | ||
| Q3 25 | 21.8% | 42.2% | ||
| Q2 25 | 21.5% | 38.4% | ||
| Q1 25 | 20.9% | 32.7% | ||
| Q4 24 | 19.5% | 33.3% | ||
| Q3 24 | 22.2% | 40.9% | ||
| Q2 24 | 21.6% | 39.4% |
净利率ALLEAWK
| Q1 26 | 13.4% | — | ||
| Q4 25 | 14.3% | 18.7% | ||
| Q3 25 | 17.6% | 26.1% | ||
| Q2 25 | 15.6% | 22.7% | ||
| Q1 25 | 15.7% | 18.1% | ||
| Q4 24 | 15.2% | 19.9% | ||
| Q3 24 | 18.0% | 26.4% | ||
| Q2 24 | 16.1% | 24.3% |
每股收益（稀释后）ALLEAWK
| Q1 26 | — | — | ||
| Q4 25 | $1.70 | $1.22 | ||
| Q3 25 | $2.18 | $1.94 | ||
| Q2 25 | $1.85 | $1.48 | ||
| Q1 25 | $1.71 | $1.05 | ||
| Q4 24 | $1.65 | $1.22 | ||
| Q3 24 | $1.99 | $1.80 | ||
| Q2 24 | $1.77 | $1.42 |
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 | $308.9M | $98.0M |
| 总债务越低越好 | $2.0B | $12.8B |
| 股东权益账面价值 | $2.1B | $10.8B |
| 总资产 | $5.3B | $35.4B |
| 负债/权益比越低杠杆越低 | 0.97× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资ALLEAWK
| Q1 26 | $308.9M | — | ||
| Q4 25 | $356.2M | $98.0M | ||
| Q3 25 | $302.7M | $166.0M | ||
| Q2 25 | $656.8M | $94.0M | ||
| Q1 25 | $494.5M | $114.0M | ||
| Q4 24 | $503.8M | $96.0M | ||
| Q3 24 | $878.9M | $127.0M | ||
| Q2 24 | $747.5M | $48.0M |
总债务ALLEAWK
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $12.8B | ||
| Q3 25 | $2.1B | $13.0B | ||
| Q2 25 | $2.1B | $12.3B | ||
| Q1 25 | $2.0B | $13.3B | ||
| Q4 24 | $2.0B | $12.5B | ||
| Q3 24 | $2.4B | $12.6B | ||
| Q2 24 | $2.4B | $12.6B |
股东权益ALLEAWK
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $10.8B | ||
| Q3 25 | $1.9B | $10.9B | ||
| Q2 25 | $1.8B | $10.7B | ||
| Q1 25 | $1.6B | $10.5B | ||
| Q4 24 | $1.5B | $10.3B | ||
| Q3 24 | $1.6B | $10.4B | ||
| Q2 24 | $1.4B | $10.2B |
总资产ALLEAWK
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.2B | $35.4B | ||
| Q3 25 | $5.2B | $34.7B | ||
| Q2 25 | $4.9B | $33.9B | ||
| Q1 25 | $4.6B | $33.2B | ||
| Q4 24 | $4.5B | $32.8B | ||
| Q3 24 | $5.0B | $31.8B | ||
| Q2 24 | $4.8B | $31.2B |
负债/权益比ALLEAWK
| Q1 26 | 0.97× | — | ||
| Q4 25 | 0.96× | 1.18× | ||
| Q3 25 | 1.07× | 1.19× | ||
| Q2 25 | 1.16× | 1.15× | ||
| Q1 25 | 1.24× | 1.26× | ||
| Q4 24 | 1.33× | 1.21× | ||
| Q3 24 | 1.53× | 1.21× | ||
| Q2 24 | 1.69× | 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 | $101.3M | $663.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-385.0M |
| 自由现金流率自由现金流/营收 | — | -30.3% |
| 资本支出强度资本支出/营收 | 2.0% | 82.5% |
| 现金转化率经营现金流/净利润 | 0.73× | 2.79× |
| 过去12个月自由现金流最近4个季度 | — | $-1.1B |
8季度趋势，按日历期对齐
经营现金流ALLEAWK
| Q1 26 | $101.3M | — | ||
| Q4 25 | $240.1M | $663.0M | ||
| Q3 25 | $229.5M | $764.0M | ||
| Q2 25 | $209.7M | $301.0M | ||
| Q1 25 | $104.5M | $331.0M | ||
| Q4 24 | $219.0M | $639.0M | ||
| Q3 24 | $231.9M | $679.0M | ||
| Q2 24 | $173.0M | $345.0M |
自由现金流ALLEAWK
| Q1 26 | — | — | ||
| Q4 25 | $200.5M | $-385.0M | ||
| Q3 25 | $209.8M | $-33.0M | ||
| Q2 25 | $192.0M | $-432.0M | ||
| Q1 25 | $83.4M | $-217.0M | ||
| Q4 24 | $194.9M | $-255.0M | ||
| Q3 24 | $212.0M | $-4.0M | ||
| Q2 24 | $152.1M | $-325.0M |
自由现金流率ALLEAWK
| Q1 26 | — | — | ||
| Q4 25 | 19.4% | -30.3% | ||
| Q3 25 | 19.6% | -2.3% | ||
| Q2 25 | 18.8% | -34.0% | ||
| Q1 25 | 8.9% | -19.1% | ||
| Q4 24 | 20.6% | -21.2% | ||
| Q3 24 | 21.9% | -0.3% | ||
| Q2 24 | 15.8% | -28.5% |
资本支出强度ALLEAWK
| Q1 26 | 2.0% | — | ||
| Q4 25 | 3.8% | 82.5% | ||
| Q3 25 | 1.8% | 54.8% | ||
| Q2 25 | 1.7% | 57.6% | ||
| Q1 25 | 2.2% | 48.3% | ||
| Q4 24 | 2.5% | 74.4% | ||
| Q3 24 | 2.1% | 51.4% | ||
| Q2 24 | 2.2% | 58.8% |
现金转化率ALLEAWK
| Q1 26 | 0.73× | — | ||
| Q4 25 | 1.63× | 2.79× | ||
| Q3 25 | 1.22× | 2.02× | ||
| Q2 25 | 1.31× | 1.04× | ||
| Q1 25 | 0.71× | 1.61× | ||
| Q4 24 | 1.52× | 2.67× | ||
| Q3 24 | 1.33× | 1.94× | ||
| Q2 24 | 1.11× | 1.25× |
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
ALLE
| Allegion Americas | $809.9M | 78% |
| Allegion International | $223.7M | 22% |
AWK
| Water Services | $1.0B | 81% |
| Other | $127.0M | 10% |
| Wastewater Services | $101.0M | 8% |
| Miscellaneous Utility Charge | $11.0M | 1% |
