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Ategrity Specialty Insurance Co Holdings（ASIC）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Ategrity Specialty Insurance Co Holdings的1.7倍（$199.4M vs $116.1M），Ategrity Specialty Insurance Co Holdings净利率更高（19.5% vs 8.1%，领先11.4%）
Ategrity Specialty Insurance Co Holdings是一家特种保险控股企业，提供商业财产及意外伤害保险解决方案，主营超额与盈余线保险业务，服务美国本土建筑、医疗、小型企业等细分领域，为标准保险公司通常不承接的特殊风险提供定制化保单。
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。
ASIC vs HTO — 直观对比
营收规模更大
HTO
是对方的1.7倍
$116.1M
净利率更高
ASIC
高出11.4%
8.1%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $116.1M | $199.4M |
| 净利润 | $22.7M | $16.2M |
| 毛利率 | — | — |
| 营业利润率 | 25.6% | 16.6% |
| 净利率 | 19.5% | 8.1% |
| 营收同比 | — | 1.5% |
| 净利润同比 | — | -29.2% |
| 每股收益（稀释后） | $0.45 | $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ASICHTO
| Q4 25 | — | $199.4M | ||
| Q3 25 | $116.1M | $243.5M | ||
| Q2 25 | $101.8M | $197.8M | ||
| Q1 25 | — | $164.9M | ||
| Q4 24 | — | $196.5M | ||
| Q3 24 | — | $216.7M | ||
| Q2 24 | — | $173.1M | ||
| Q1 24 | — | $150.0M |
净利润ASICHTO
| Q4 25 | — | $16.2M | ||
| Q3 25 | $22.7M | $45.1M | ||
| Q2 25 | $17.6M | $24.7M | ||
| Q1 25 | — | $16.6M | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | — | $38.7M | ||
| Q2 24 | — | $20.7M | ||
| Q1 24 | — | $11.7M |
营业利润率ASICHTO
| Q4 25 | — | 16.6% | ||
| Q3 25 | 25.6% | 26.5% | ||
| Q2 25 | 21.9% | 22.2% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | — | 23.4% | ||
| Q1 24 | — | 18.6% |
净利率ASICHTO
| Q4 25 | — | 8.1% | ||
| Q3 25 | 19.5% | 18.5% | ||
| Q2 25 | 17.3% | 12.5% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | 12.0% | ||
| Q1 24 | — | 7.8% |
每股收益（稀释后）ASICHTO
| Q4 25 | — | $0.45 | ||
| Q3 25 | $0.45 | $1.27 | ||
| Q2 25 | $0.39 | $0.71 | ||
| Q1 25 | — | $0.49 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | — | $1.17 | ||
| Q2 24 | — | $0.64 | ||
| Q1 24 | — | $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 | $34.3M | $20.7M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $588.6M | $1.5B |
| 总资产 | $1.4B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资ASICHTO
| Q4 25 | — | $20.7M | ||
| Q3 25 | $34.3M | $11.3M | ||
| Q2 25 | $23.5M | $19.8M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $11.1M | ||
| Q3 24 | — | $4.0M | ||
| Q2 24 | — | $22.8M | ||
| Q1 24 | — | $4.5M |
总债务ASICHTO
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ASICHTO
| Q4 25 | — | $1.5B | ||
| Q3 25 | $588.6M | $1.5B | ||
| Q2 25 | $559.7M | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.2B |
总资产ASICHTO
| Q4 25 | — | $5.1B | ||
| Q3 25 | $1.4B | $5.0B | ||
| Q2 25 | $1.4B | $4.8B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.4B |
负债/权益比ASICHTO
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| 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 | $41.1M | $63.5M |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | 1.81× | 3.92× |
| 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ASICHTO
| Q4 25 | — | $63.5M | ||
| Q3 25 | $41.1M | $77.3M | ||
| Q2 25 | $50.8M | $60.8M | ||
| Q1 25 | — | $43.2M | ||
| Q4 24 | — | $41.5M | ||
| Q3 24 | — | $53.5M | ||
| Q2 24 | — | $49.3M | ||
| Q1 24 | — | $51.2M |
现金转化率ASICHTO
| Q4 25 | — | 3.92× | ||
| Q3 25 | 1.81× | 1.71× | ||
| Q2 25 | 2.88× | 2.47× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | — | 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
ASIC
暂无分部数据
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
