vs
AMPCO PITTSBURGH CORP（AP）与H2O AMERICA（HTO）财务数据对比。点击上方公司名可切换其他公司
H2O AMERICA的季度营收约是AMPCO PITTSBURGH CORP的1.9倍（$199.4M vs $104.4M），H2O AMERICA净利率更高（8.1% vs -55.2%，领先63.4%），AMPCO PITTSBURGH CORP同比增速更快（11.5% vs 1.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs -2.6%）
安普科匹兹堡公司是一家特种钢材制造商，总部位于宾夕法尼亚州匹兹堡市中心，1929年由多家此前已成立的小型钢铁企业合并组建而成。需要注意区分它和其他同样带有Ampco名称的企业，比如位于密尔沃基的铜基合金生产商、迈阿密的橱柜企业等。
H2O Wireless是美国的预付费移动通信服务商，依托AT&T网络运营，隶属于MVNO（移动虚拟网络运营商）Locus通信，自2019年起Locus成为Telrite控股的子公司，此前2010年起曾是KDDI美国旗下资产。该品牌主打无限制套餐服务，支持用户自带或购买无锁智能手机入网，AT&T合约机/锁网机也可兼容使用。
AP vs HTO — 直观对比
营收规模更大
HTO
是对方的1.9倍
$104.4M
营收增速更快
AP
高出10.0%
1.5%
净利率更高
HTO
高出63.4%
-55.2%
两年增速更快
HTO
近两年复合增速
-2.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $104.4M | $199.4M |
| 净利润 | $-57.7M | $16.2M |
| 毛利率 | — | — |
| 营业利润率 | -54.0% | 16.6% |
| 净利率 | -55.2% | 8.1% |
| 营收同比 | 11.5% | 1.5% |
| 净利润同比 | -1958.9% | -29.2% |
| 每股收益（稀释后） | $-2.87 | $0.45 |
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APHTO
| Q4 25 | $104.4M | $199.4M | ||
| Q3 25 | $103.7M | $243.5M | ||
| Q2 25 | $108.9M | $197.8M | ||
| Q1 25 | $99.2M | $164.9M | ||
| Q4 24 | $93.6M | $196.5M | ||
| Q3 24 | $92.1M | $216.7M | ||
| Q2 24 | $107.1M | $173.1M | ||
| Q1 24 | $110.0M | $150.0M |
净利润APHTO
| Q4 25 | $-57.7M | $16.2M | ||
| Q3 25 | $-2.2M | $45.1M | ||
| Q2 25 | $-7.3M | $24.7M | ||
| Q1 25 | $1.1M | $16.6M | ||
| Q4 24 | $3.1M | $22.9M | ||
| Q3 24 | $-2.0M | $38.7M | ||
| Q2 24 | $2.0M | $20.7M | ||
| Q1 24 | $-2.7M | $11.7M |
营业利润率APHTO
| Q4 25 | -54.0% | 16.6% | ||
| Q3 25 | 1.1% | 26.5% | ||
| Q2 25 | -2.8% | 22.2% | ||
| Q1 25 | 3.9% | 21.8% | ||
| Q4 24 | 5.5% | 22.2% | ||
| Q3 24 | 2.0% | 26.9% | ||
| Q2 24 | 4.7% | 23.4% | ||
| Q1 24 | 0.1% | 18.6% |
净利率APHTO
| Q4 25 | -55.2% | 8.1% | ||
| Q3 25 | -2.1% | 18.5% | ||
| Q2 25 | -6.7% | 12.5% | ||
| Q1 25 | 1.2% | 10.0% | ||
| Q4 24 | 3.3% | 11.7% | ||
| Q3 24 | -2.1% | 17.8% | ||
| Q2 24 | 1.9% | 12.0% | ||
| Q1 24 | -2.5% | 7.8% |
每股收益（稀释后）APHTO
| Q4 25 | $-2.87 | $0.45 | ||
| Q3 25 | $-0.11 | $1.27 | ||
| Q2 25 | $-0.36 | $0.71 | ||
| Q1 25 | $0.06 | $0.49 | ||
| Q4 24 | $0.16 | $0.70 | ||
| Q3 24 | $-0.10 | $1.17 | ||
| Q2 24 | $0.10 | $0.64 | ||
| Q1 24 | $-0.14 | $0.36 |
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 | $10.7M | $20.7M |
| 总债务越低越好 | $117.9M | $1.9B |
| 股东权益账面价值 | $32.6M | $1.5B |
| 总资产 | $495.4M | $5.1B |
| 负债/权益比越低杠杆越低 | 3.61× | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资APHTO
| Q4 25 | $10.7M | $20.7M | ||
| Q3 25 | $15.0M | $11.3M | ||
| Q2 25 | $9.9M | $19.8M | ||
| Q1 25 | $7.1M | $23.7M | ||
| Q4 24 | $15.4M | $11.1M | ||
| Q3 24 | $11.8M | $4.0M | ||
| Q2 24 | $7.9M | $22.8M | ||
| Q1 24 | $10.8M | $4.5M |
总债务APHTO
| Q4 25 | $117.9M | $1.9B | ||
| Q3 25 | $119.0M | — | ||
| Q2 25 | $115.9M | — | ||
| Q1 25 | $115.0M | — | ||
| Q4 24 | $116.4M | $1.7B | ||
| Q3 24 | $116.0M | — | ||
| Q2 24 | $119.4M | — | ||
| Q1 24 | $116.2M | — |
股东权益APHTO
| Q4 25 | $32.6M | $1.5B | ||
| Q3 25 | $60.1M | $1.5B | ||
| Q2 25 | $62.7M | $1.5B | ||
| Q1 25 | $64.6M | $1.4B | ||
| Q4 24 | $58.9M | $1.4B | ||
| Q3 24 | $61.3M | $1.3B | ||
| Q2 24 | $58.0M | $1.3B | ||
| Q1 24 | $56.3M | $1.2B |
总资产APHTO
| Q4 25 | $495.4M | $5.1B | ||
| Q3 25 | $524.4M | $5.0B | ||
| Q2 25 | $537.2M | $4.8B | ||
| Q1 25 | $536.2M | $4.7B | ||
| Q4 24 | $530.9M | $4.7B | ||
| Q3 24 | $547.4M | $4.6B | ||
| Q2 24 | $560.8M | $4.4B | ||
| Q1 24 | $565.8M | $4.4B |
负债/权益比APHTO
| Q4 25 | 3.61× | 1.23× | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.78× | — | ||
| Q4 24 | 1.98× | 1.26× | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 2.06× | — | ||
| Q1 24 | 2.06× | — |
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 | $2.7M | $63.5M |
| 自由现金流经营现金流 - 资本支出 | $-64.0K | — |
| 自由现金流率自由现金流/营收 | -0.1% | — |
| 资本支出强度资本支出/营收 | 2.7% | — |
| 现金转化率经营现金流/净利润 | — | 3.92× |
| 过去12个月自由现金流最近4个季度 | $-8.1M | — |
8季度趋势，按日历期对齐
经营现金流APHTO
| Q4 25 | $2.7M | $63.5M | ||
| Q3 25 | $6.3M | $77.3M | ||
| Q2 25 | $-2.3M | $60.8M | ||
| Q1 25 | $-5.3M | $43.2M | ||
| Q4 24 | $7.5M | $41.5M | ||
| Q3 24 | $11.4M | $53.5M | ||
| Q2 24 | $-5.3M | $49.3M | ||
| Q1 24 | $4.5M | $51.2M |
自由现金流APHTO
| Q4 25 | $-64.0K | — | ||
| Q3 25 | $3.3M | — | ||
| Q2 25 | $-3.8M | — | ||
| Q1 25 | $-7.5M | — | ||
| Q4 24 | $3.7M | — | ||
| Q3 24 | $8.4M | — | ||
| Q2 24 | $-8.0M | — | ||
| Q1 24 | $1.7M | — |
自由现金流率APHTO
| Q4 25 | -0.1% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | -3.5% | — | ||
| Q1 25 | -7.5% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | -7.5% | — | ||
| Q1 24 | 1.5% | — |
资本支出强度APHTO
| Q4 25 | 2.7% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 2.6% | — |
现金转化率APHTO
| Q4 25 | — | 3.92× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | -4.62× | 2.61× | ||
| Q4 24 | 2.40× | 1.81× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | -2.64× | 2.38× | ||
| Q1 24 | — | 4.38× |
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
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
