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APOGEE ENTERPRISES, INC.（APOG）与CALIFORNIA WATER SERVICE GROUP（CWT）财务数据对比。点击上方公司名可切换其他公司
APOGEE ENTERPRISES, INC.的季度营收约是CALIFORNIA WATER SERVICE GROUP的1.7倍（$351.4M vs $210.7M），CALIFORNIA WATER SERVICE GROUP净利率更高（5.4% vs 4.7%，领先0.7%），APOGEE ENTERPRISES, INC.同比增速更快（1.6% vs -3.3%），过去两年CALIFORNIA WATER SERVICE GROUP的营收复合增速更高（16.6% vs 2.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
加利福尼亚水务集团是美国公共事业企业，主营饮用水及污水处理服务，是美国第三大上市投资者所有水务公司，通过加利福尼亚、夏威夷、新墨西哥、华盛顿等州的子公司，为约200万民众提供服务。集团成立于1997年，作为加州水务的控股主体，推动业务向美国其他各州拓展。
APOG vs CWT — 直观对比
营收规模更大
APOG
是对方的1.7倍
$210.7M
营收增速更快
APOG
高出4.9%
-3.3%
净利率更高
CWT
高出0.7%
4.7%
两年增速更快
CWT
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $210.7M |
| 净利润 | $16.6M | $11.5M |
| 毛利率 | 22.4% | — |
| 营业利润率 | 7.3% | 12.2% |
| 净利率 | 4.7% | 5.4% |
| 营收同比 | 1.6% | -3.3% |
| 净利润同比 | 568.8% | -41.0% |
| 每股收益（稀释后） | $0.78 | $0.19 |
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APOGCWT
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $210.7M | ||
| Q3 25 | $358.2M | $314.1M | ||
| Q2 25 | $346.6M | $256.2M | ||
| Q1 25 | $345.7M | $182.7M | ||
| Q4 24 | $341.3M | $217.8M | ||
| Q3 24 | $342.4M | $306.2M | ||
| Q2 24 | $331.5M | $226.7M |
净利润APOGCWT
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $11.5M | ||
| Q3 25 | $23.6M | $61.2M | ||
| Q2 25 | $-2.7M | $42.2M | ||
| Q1 25 | $2.5M | $13.3M | ||
| Q4 24 | $21.0M | $19.5M | ||
| Q3 24 | $30.6M | $60.7M | ||
| Q2 24 | $31.0M | $40.6M |
毛利率APOGCWT
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
营业利润率APOGCWT
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 12.2% | ||
| Q3 25 | 7.5% | 22.5% | ||
| Q2 25 | 2.0% | 20.2% | ||
| Q1 25 | 1.8% | 12.2% | ||
| Q4 24 | 8.4% | 14.8% | ||
| Q3 24 | 12.3% | 21.8% | ||
| Q2 24 | 12.5% | 21.2% |
净利率APOGCWT
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 5.4% | ||
| Q3 25 | 6.6% | 19.5% | ||
| Q2 25 | -0.8% | 16.5% | ||
| Q1 25 | 0.7% | 7.3% | ||
| Q4 24 | 6.1% | 8.9% | ||
| Q3 24 | 8.9% | 19.8% | ||
| Q2 24 | 9.4% | 17.9% |
每股收益（稀释后）APOGCWT
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.19 | ||
| Q3 25 | $1.10 | $1.03 | ||
| Q2 25 | $-0.13 | $0.71 | ||
| Q1 25 | $0.12 | $0.22 | ||
| Q4 24 | $0.96 | $0.31 | ||
| Q3 24 | $1.40 | $1.03 | ||
| Q2 24 | $1.41 | $0.70 |
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 | $39.5M | $51.8M |
| 总债务越低越好 | $232.3M | $1.5B |
| 股东权益账面价值 | $511.8M | $1.7B |
| 总资产 | $1.1B | $5.7B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.87× |
8季度趋势，按日历期对齐
现金及短期投资APOGCWT
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $51.8M | ||
| Q3 25 | $39.5M | $76.0M | ||
| Q2 25 | $32.8M | $50.5M | ||
| Q1 25 | $41.4M | $44.5M | ||
| Q4 24 | $43.9M | $50.1M | ||
| Q3 24 | $51.0M | $59.6M | ||
| Q2 24 | $30.4M | $37.3M |
总债务APOGCWT
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | $285.0M | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APOGCWT
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $1.7B | ||
| Q3 25 | $500.2M | $1.7B | ||
| Q2 25 | $481.8M | $1.7B | ||
| Q1 25 | $487.9M | $1.6B | ||
| Q4 24 | $522.1M | $1.6B | ||
| Q3 24 | $506.4M | $1.6B | ||
| Q2 24 | $480.0M | $1.5B |
总资产APOGCWT
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $5.7B | ||
| Q3 25 | $1.2B | $5.5B | ||
| Q2 25 | $1.2B | $5.4B | ||
| Q1 25 | $1.2B | $5.3B | ||
| Q4 24 | $1.2B | $5.2B | ||
| Q3 24 | $917.1M | $5.0B | ||
| Q2 24 | $889.0M | $4.9B |
负债/权益比APOGCWT
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.87× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.67× | ||
| Q1 25 | 0.58× | 0.68× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | — | ||
| Q2 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 | $122.5M | $47.9M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 7.8% | — |
| 现金转化率经营现金流/净利润 | 7.37× | 4.17× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APOGCWT
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $47.9M | ||
| Q3 25 | $57.1M | $167.3M | ||
| Q2 25 | $-19.8M | $48.9M | ||
| Q1 25 | $30.0M | $38.4M | ||
| Q4 24 | $31.0M | $68.1M | ||
| Q3 24 | $58.7M | $101.8M | ||
| Q2 24 | $5.5M | $94.4M |
自由现金流APOGCWT
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | — | ||
| Q2 25 | $-26.9M | — | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | — | ||
| Q2 24 | $-1.8M | — |
自由现金流率APOGCWT
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | -7.8% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | -0.5% | — |
资本支出强度APOGCWT
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 2.2% | — |
现金转化率APOGCWT
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 4.17× | ||
| Q3 25 | 2.41× | 2.73× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | 12.08× | 2.88× | ||
| Q4 24 | 1.48× | 3.50× | ||
| Q3 24 | 1.92× | 1.68× | ||
| Q2 24 | 0.18× | 2.33× |
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
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
CWT
| Residential | $133.2M | 63% |
| Business | $47.7M | 23% |
| Public Authorities | $13.4M | 6% |
| Industrial | $6.9M | 3% |
| Non Regulated Services | $4.8M | 2% |
| Other Non Regulated Service | $1.2M | 1% |
