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ARTESIAN RESOURCES CORP（ARTNA）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
CALIFORNIA WATER SERVICE GROUP的季度营收约是ARTESIAN RESOURCES CORP的7.5倍（$210.7M vs $28.0M）。ARTESIAN RESOURCES CORP净利率更高（14.8% vs 5.4%，领先9.3%）。ARTESIAN RESOURCES CORP同比增速更快（4.3% vs -3.3%）。过去两年CALIFORNIA WATER SERVICE GROUP的营收复合增速更高（16.6% vs 6.8%）
Artesian Resources Corp是一家总部位于美国的受监管水务公用事业企业，主要在特拉华州开展业务，为住宅、商业、工业及市政客户提供安全可靠的饮用水供应与可持续的污水处理服务。
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。
ARTNA vs CWT — 直观对比
营收规模更大
CWT
是对方的7.5倍
$28.0M
营收增速更快
ARTNA
高出7.6%
-3.3%
净利率更高
ARTNA
高出9.3%
5.4%
两年增速更快
CWT
近两年复合增速
6.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $28.0M | $210.7M |
| 净利润 | $4.1M | $11.5M |
| 毛利率 | — | — |
| 营业利润率 | 20.6% | 12.2% |
| 净利率 | 14.8% | 5.4% |
| 营收同比 | 4.3% | -3.3% |
| 净利润同比 | 7.5% | -41.0% |
| 每股收益（稀释后） | $0.39 | $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ARTNACWT
| Q4 25 | $28.0M | $210.7M | ||
| Q3 25 | $30.5M | $314.1M | ||
| Q2 25 | $28.5M | $256.2M | ||
| Q1 25 | $25.9M | $182.7M | ||
| Q4 24 | $26.9M | $217.8M | ||
| Q3 24 | $29.1M | $306.2M | ||
| Q2 24 | $27.4M | $226.7M | ||
| Q1 24 | $24.5M | $154.9M |
净利润ARTNACWT
| Q4 25 | $4.1M | $11.5M | ||
| Q3 25 | $7.0M | $61.2M | ||
| Q2 25 | $6.3M | $42.2M | ||
| Q1 25 | $5.4M | $13.3M | ||
| Q4 24 | $3.8M | $19.5M | ||
| Q3 24 | $6.8M | $60.7M | ||
| Q2 24 | $5.3M | $40.6M | ||
| Q1 24 | $4.4M | $69.9M |
营业利润率ARTNACWT
| Q4 25 | 20.6% | 12.2% | ||
| Q3 25 | 28.3% | 22.5% | ||
| Q2 25 | 27.5% | 20.2% | ||
| Q1 25 | 21.4% | 12.2% | ||
| Q4 24 | 21.0% | 14.8% | ||
| Q3 24 | 29.5% | 21.8% | ||
| Q2 24 | 26.3% | 21.2% | ||
| Q1 24 | 19.2% | 50.3% |
净利率ARTNACWT
| Q4 25 | 14.8% | 5.4% | ||
| Q3 25 | 22.8% | 19.5% | ||
| Q2 25 | 22.0% | 16.5% | ||
| Q1 25 | 21.0% | 7.3% | ||
| Q4 24 | 14.3% | 8.9% | ||
| Q3 24 | 23.4% | 19.8% | ||
| Q2 24 | 19.4% | 17.9% | ||
| Q1 24 | 18.0% | 45.1% |
每股收益（稀释后）ARTNACWT
| Q4 25 | $0.39 | $0.19 | ||
| Q3 25 | $0.68 | $1.03 | ||
| Q2 25 | $0.61 | $0.71 | ||
| Q1 25 | $0.53 | $0.22 | ||
| Q4 24 | $0.37 | $0.31 | ||
| Q3 24 | $0.66 | $1.03 | ||
| Q2 24 | $0.52 | $0.70 | ||
| Q1 24 | $0.43 | $1.21 |
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 | $52.0K | $51.8M |
| 总债务越低越好 | $176.4M | $1.5B |
| 股东权益账面价值 | $249.9M | $1.7B |
| 总资产 | $851.2M | $5.7B |
| 负债/权益比越低杠杆越低 | 0.71× | 0.87× |
8季度趋势，按日历期对齐
现金及短期投资ARTNACWT
| Q4 25 | $52.0K | $51.8M | ||
| Q3 25 | $705.0K | $76.0M | ||
| Q2 25 | $349.0K | $50.5M | ||
| Q1 25 | $3.7M | $44.5M | ||
| Q4 24 | $1.1M | $50.1M | ||
| Q3 24 | $10.7M | $59.6M | ||
| Q2 24 | $6.3M | $37.3M | ||
| Q1 24 | $9.5M | $42.8M |
总债务ARTNACWT
| Q4 25 | $176.4M | $1.5B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $178.7M | $1.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ARTNACWT
| Q4 25 | $249.9M | $1.7B | ||
| Q3 25 | $248.8M | $1.7B | ||
| Q2 25 | $244.9M | $1.7B | ||
| Q1 25 | $241.7M | $1.6B | ||
| Q4 24 | $239.2M | $1.6B | ||
| Q3 24 | $238.3M | $1.6B | ||
| Q2 24 | $234.4M | $1.5B | ||
| Q1 24 | $232.0M | $1.5B |
总资产ARTNACWT
| Q4 25 | $851.2M | $5.7B | ||
| Q3 25 | $833.9M | $5.5B | ||
| Q2 25 | $819.3M | $5.4B | ||
| Q1 25 | $808.9M | $5.3B | ||
| Q4 24 | $798.6M | $5.2B | ||
| Q3 24 | $796.0M | $5.0B | ||
| Q2 24 | $783.1M | $4.9B | ||
| Q1 24 | $798.6M | $4.8B |
负债/权益比ARTNACWT
| Q4 25 | 0.71× | 0.87× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.67× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | 0.75× | 0.67× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $10.5M | $47.9M |
| 自由现金流经营现金流 - 资本支出 | $-7.9M | — |
| 自由现金流率自由现金流/营收 | -28.1% | — |
| 资本支出强度资本支出/营收 | 65.4% | — |
| 现金转化率经营现金流/净利润 | 2.53× | 4.17× |
| 过去12个月自由现金流最近4个季度 | $-18.5M | — |
8季度趋势，按日历期对齐
经营现金流ARTNACWT
| Q4 25 | $10.5M | $47.9M | ||
| Q3 25 | $11.0M | $167.3M | ||
| Q2 25 | $7.9M | $48.9M | ||
| Q1 25 | $11.0M | $38.4M | ||
| Q4 24 | $6.7M | $68.1M | ||
| Q3 24 | $10.7M | $101.8M | ||
| Q2 24 | $6.9M | $94.4M | ||
| Q1 24 | $12.6M | $26.5M |
自由现金流ARTNACWT
| Q4 25 | $-7.9M | — | ||
| Q3 25 | $-3.3M | — | ||
| Q2 25 | $-7.9M | — | ||
| Q1 25 | $560.0K | — | ||
| Q4 24 | $-8.3M | — | ||
| Q3 24 | $-1.9M | — | ||
| Q2 24 | $-2.6M | — | ||
| Q1 24 | $3.7M | — |
自由现金流率ARTNACWT
| Q4 25 | -28.1% | — | ||
| Q3 25 | -10.7% | — | ||
| Q2 25 | -27.8% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | -30.9% | — | ||
| Q3 24 | -6.5% | — | ||
| Q2 24 | -9.4% | — | ||
| Q1 24 | 15.0% | — |
资本支出强度ARTNACWT
| Q4 25 | 65.4% | — | ||
| Q3 25 | 46.7% | — | ||
| Q2 25 | 55.6% | — | ||
| Q1 25 | 40.2% | — | ||
| Q4 24 | 55.9% | — | ||
| Q3 24 | 43.1% | — | ||
| Q2 24 | 34.5% | — | ||
| Q1 24 | 36.4% | — |
现金转化率ARTNACWT
| Q4 25 | 2.53× | 4.17× | ||
| Q3 25 | 1.58× | 2.73× | ||
| Q2 25 | 1.26× | 1.16× | ||
| Q1 25 | 2.02× | 2.88× | ||
| Q4 24 | 1.74× | 3.50× | ||
| Q3 24 | 1.56× | 1.68× | ||
| Q2 24 | 1.29× | 2.33× | ||
| Q1 24 | 2.86× | 0.38× |
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
ARTNA
| Water Sales | $22.3M | 80% |
| Other Utility Operating Revenue | $3.8M | 14% |
| Non Utility Operating Revenue | $1.9M | 7% |
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% |
