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APA Corporation（APA）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
APA Corporation的季度营收约是American Water Works的1.7倍（$2.2B vs $1.3B），American Water Works净利率更高（18.7% vs 15.0%，领先3.7%），American Water Works同比增速更快（5.8% vs -24.3%），过去两年American Water Works的营收复合增速更高（12.6% vs 1.4%）
APA Corporation是美国能源企业阿帕奇公司的控股主体，主要从事碳氢化合物资源勘探相关业务，在特拉华州注册成立，总部位于得克萨斯州休斯敦，是北美地区拥有丰富项目经验的能源勘探运营企业。
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。
APA vs AWK — 直观对比
营收规模更大
APA
是对方的1.7倍
$1.3B
营收增速更快
AWK
高出30.2%
-24.3%
净利率更高
AWK
高出3.7%
15.0%
两年增速更快
AWK
近两年复合增速
1.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.3B |
| 净利润 | $331.0M | $238.0M |
| 毛利率 | — | — |
| 营业利润率 | 32.5% | 31.9% |
| 净利率 | 15.0% | 18.7% |
| 营收同比 | -24.3% | 5.8% |
| 净利润同比 | -22.1% | -0.4% |
| 每股收益（稀释后） | $0.79 | $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APAAWK
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $2.3B | $1.3B | ||
| Q1 25 | $2.7B | $1.1B | ||
| Q4 24 | $2.9B | $1.2B | ||
| Q3 24 | $2.7B | $1.3B | ||
| Q2 24 | $2.8B | $1.1B | ||
| Q1 24 | $2.1B | $1.0B |
净利润APAAWK
| Q4 25 | $331.0M | $238.0M | ||
| Q3 25 | $205.0M | $379.0M | ||
| Q2 25 | $603.0M | $289.0M | ||
| Q1 25 | $418.0M | $205.0M | ||
| Q4 24 | $425.0M | $239.0M | ||
| Q3 24 | $-223.0M | $350.0M | ||
| Q2 24 | $541.0M | $277.0M | ||
| Q1 24 | $212.0M | $185.0M |
营业利润率APAAWK
| Q4 25 | 32.5% | 31.9% | ||
| Q3 25 | 33.7% | 42.2% | ||
| Q2 25 | 31.8% | 38.4% | ||
| Q1 25 | 31.9% | 32.7% | ||
| Q4 24 | 31.4% | 33.3% | ||
| Q3 24 | -5.2% | 40.9% | ||
| Q2 24 | 34.4% | 39.4% | ||
| Q1 24 | 32.2% | 32.5% |
净利率APAAWK
| Q4 25 | 15.0% | 18.7% | ||
| Q3 25 | 9.0% | 26.1% | ||
| Q2 25 | 26.0% | 22.7% | ||
| Q1 25 | 15.4% | 18.1% | ||
| Q4 24 | 14.6% | 19.9% | ||
| Q3 24 | -8.1% | 26.4% | ||
| Q2 24 | 19.0% | 24.3% | ||
| Q1 24 | 9.9% | 18.4% |
每股收益（稀释后）APAAWK
| Q4 25 | $0.79 | $1.22 | ||
| Q3 25 | $0.57 | $1.94 | ||
| Q2 25 | $1.67 | $1.48 | ||
| Q1 25 | $0.96 | $1.05 | ||
| Q4 24 | $0.97 | $1.22 | ||
| Q3 24 | $-0.60 | $1.80 | ||
| Q2 24 | $1.46 | $1.42 | ||
| Q1 24 | $0.44 | $0.95 |
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 | $516.0M | $98.0M |
| 总债务越低越好 | $4.3B | $12.8B |
| 股东权益账面价值 | $6.1B | $10.8B |
| 总资产 | $17.8B | $35.4B |
| 负债/权益比越低杠杆越低 | 0.70× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资APAAWK
| Q4 25 | $516.0M | $98.0M | ||
| Q3 25 | $475.0M | $166.0M | ||
| Q2 25 | $107.0M | $94.0M | ||
| Q1 25 | $67.0M | $114.0M | ||
| Q4 24 | $625.0M | $96.0M | ||
| Q3 24 | $64.0M | $127.0M | ||
| Q2 24 | $160.0M | $48.0M | ||
| Q1 24 | $102.0M | $584.0M |
总债务APAAWK
| Q4 25 | $4.3B | $12.8B | ||
| Q3 25 | $4.3B | $13.0B | ||
| Q2 25 | $4.3B | $12.3B | ||
| Q1 25 | $5.2B | $13.3B | ||
| Q4 24 | $6.0B | $12.5B | ||
| Q3 24 | $6.4B | $12.6B | ||
| Q2 24 | $6.7B | $12.6B | ||
| Q1 24 | $5.2B | $12.6B |
股东权益APAAWK
| Q4 25 | $6.1B | $10.8B | ||
| Q3 25 | $6.0B | $10.9B | ||
| Q2 25 | $5.9B | $10.7B | ||
| Q1 25 | $5.4B | $10.5B | ||
| Q4 24 | $5.3B | $10.3B | ||
| Q3 24 | $5.1B | $10.4B | ||
| Q2 24 | $5.4B | $10.2B | ||
| Q1 24 | $2.6B | $10.0B |
总资产APAAWK
| Q4 25 | $17.8B | $35.4B | ||
| Q3 25 | $17.7B | $34.7B | ||
| Q2 25 | $18.1B | $33.9B | ||
| Q1 25 | $18.5B | $33.2B | ||
| Q4 24 | $19.4B | $32.8B | ||
| Q3 24 | $19.4B | $31.8B | ||
| Q2 24 | $20.2B | $31.2B | ||
| Q1 24 | $15.0B | $31.1B |
负债/权益比APAAWK
| Q4 25 | 0.70× | 1.18× | ||
| Q3 25 | 0.72× | 1.19× | ||
| Q2 25 | 0.73× | 1.15× | ||
| Q1 25 | 0.96× | 1.26× | ||
| Q4 24 | 1.13× | 1.21× | ||
| Q3 24 | 1.25× | 1.21× | ||
| Q2 24 | 1.24× | 1.24× | ||
| Q1 24 | 1.99× | 1.26× |
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 | $808.0M | $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 | — | 82.5% |
| 现金转化率经营现金流/净利润 | 2.44× | 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APAAWK
| Q4 25 | $808.0M | $663.0M | ||
| Q3 25 | $1.5B | $764.0M | ||
| Q2 25 | $1.2B | $301.0M | ||
| Q1 25 | $1.1B | $331.0M | ||
| Q4 24 | $1.0B | $639.0M | ||
| Q3 24 | $1.3B | $679.0M | ||
| Q2 24 | $877.0M | $345.0M | ||
| Q1 24 | $368.0M | $382.0M |
自由现金流APAAWK
| Q4 25 | — | $-385.0M | ||
| Q3 25 | — | $-33.0M | ||
| Q2 25 | — | $-432.0M | ||
| Q1 25 | — | $-217.0M | ||
| Q4 24 | — | $-255.0M | ||
| Q3 24 | — | $-4.0M | ||
| Q2 24 | — | $-325.0M | ||
| Q1 24 | — | $-227.0M |
自由现金流率APAAWK
| Q4 25 | — | -30.3% | ||
| Q3 25 | — | -2.3% | ||
| Q2 25 | — | -34.0% | ||
| Q1 25 | — | -19.1% | ||
| Q4 24 | — | -21.2% | ||
| Q3 24 | — | -0.3% | ||
| Q2 24 | — | -28.5% | ||
| Q1 24 | — | -22.6% |
资本支出强度APAAWK
| Q4 25 | — | 82.5% | ||
| Q3 25 | — | 54.8% | ||
| Q2 25 | — | 57.6% | ||
| Q1 25 | — | 48.3% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 51.4% | ||
| Q2 24 | — | 58.8% | ||
| Q1 24 | — | 60.7% |
现金转化率APAAWK
| Q4 25 | 2.44× | 2.79× | ||
| Q3 25 | 7.12× | 2.02× | ||
| Q2 25 | 1.96× | 1.04× | ||
| Q1 25 | 2.62× | 1.61× | ||
| Q4 24 | 2.44× | 2.67× | ||
| Q3 24 | — | 1.94× | ||
| Q2 24 | 1.62× | 1.25× | ||
| Q1 24 | 1.74× | 2.06× |
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
APA
| Oil And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
AWK
| Water Services | $1.0B | 81% |
| Other | $127.0M | 10% |
| Wastewater Services | $101.0M | 8% |
| Miscellaneous Utility Charge | $11.0M | 1% |
