vs
American Water Works（AWK）与百富门（BF.B）财务数据对比。点击上方公司名可切换其他公司
American Water Works的季度营收约是百富门的1.2倍（$1.3B vs $1.0B），百富门净利率更高（21.6% vs 18.7%，领先2.9%），American Water Works同比增速更快（5.8% vs -5.4%），百富门自由现金流更多（$107.0M vs $-385.0M），过去两年American Water Works的营收复合增速更高（12.6% vs -1.6%）
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。
百富门（Brown-Forman）是美国家族控股上市企业，属全球规模最大的葡萄酒及烈酒经营集团之一，总部位于肯塔基州路易斯维尔。旗下拥有杰克丹尼、伍德福德珍藏、格兰多纳等多个国际知名酒类品牌，曾持有的南方安逸等品牌已于2016年出售。
AWK vs BF.B — 直观对比
营收规模更大
AWK
是对方的1.2倍
$1.0B
营收增速更快
AWK
高出11.2%
-5.4%
净利率更高
BF.B
高出2.9%
18.7%
自由现金流更多
BF.B
多$492.0M
$-385.0M
两年增速更快
AWK
近两年复合增速
-1.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.0B |
| 净利润 | $238.0M | $224.0M |
| 毛利率 | — | 59.4% |
| 营业利润率 | 31.9% | 29.4% |
| 净利率 | 18.7% | 21.6% |
| 营收同比 | 5.8% | -5.4% |
| 净利润同比 | -0.4% | -13.2% |
| 每股收益（稀释后） | $1.22 | $0.47 |
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AWKBF.B
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.5B | $924.0M | ||
| Q2 25 | $1.3B | $894.0M | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.3B | $951.0M | ||
| Q2 24 | $1.1B | $964.0M | ||
| Q1 24 | $1.0B | $1.1B |
净利润AWKBF.B
| Q4 25 | $238.0M | $224.0M | ||
| Q3 25 | $379.0M | $170.0M | ||
| Q2 25 | $289.0M | $146.0M | ||
| Q1 25 | $205.0M | $270.0M | ||
| Q4 24 | $239.0M | $258.0M | ||
| Q3 24 | $350.0M | $195.0M | ||
| Q2 24 | $277.0M | $266.0M | ||
| Q1 24 | $185.0M | $285.0M |
毛利率AWKBF.B
| Q4 25 | — | 59.4% | ||
| Q3 25 | — | 59.7% | ||
| Q2 25 | — | 57.4% | ||
| Q1 25 | — | 59.8% | ||
| Q4 24 | — | 59.0% | ||
| Q3 24 | — | 59.4% | ||
| Q2 24 | — | 59.0% | ||
| Q1 24 | — | 59.4% |
营业利润率AWKBF.B
| Q4 25 | 31.9% | 29.4% | ||
| Q3 25 | 42.2% | 28.1% | ||
| Q2 25 | 38.4% | 22.9% | ||
| Q1 25 | 32.7% | 27.1% | ||
| Q4 24 | 33.3% | 31.1% | ||
| Q3 24 | 40.9% | 29.5% | ||
| Q2 24 | 39.4% | 38.9% | ||
| Q1 24 | 32.5% | 34.9% |
净利率AWKBF.B
| Q4 25 | 18.7% | 21.6% | ||
| Q3 25 | 26.1% | 18.4% | ||
| Q2 25 | 22.7% | 16.3% | ||
| Q1 25 | 18.1% | 26.1% | ||
| Q4 24 | 19.9% | 23.6% | ||
| Q3 24 | 26.4% | 20.5% | ||
| Q2 24 | 24.3% | 27.6% | ||
| Q1 24 | 18.4% | 26.7% |
每股收益（稀释后）AWKBF.B
| Q4 25 | $1.22 | $0.47 | ||
| Q3 25 | $1.94 | $0.36 | ||
| Q2 25 | $1.48 | $0.31 | ||
| Q1 25 | $1.05 | $0.57 | ||
| Q4 24 | $1.22 | $0.55 | ||
| Q3 24 | $1.80 | $0.41 | ||
| Q2 24 | $1.42 | $0.56 | ||
| Q1 24 | $0.95 | $0.60 |
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 | $98.0M | $319.0M |
| 总债务越低越好 | $12.8B | $2.4B |
| 股东权益账面价值 | $10.8B | $4.1B |
| 总资产 | $35.4B | $8.2B |
| 负债/权益比越低杠杆越低 | 1.18× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资AWKBF.B
| Q4 25 | $98.0M | $319.0M | ||
| Q3 25 | $166.0M | $471.0M | ||
| Q2 25 | $94.0M | $444.0M | ||
| Q1 25 | $114.0M | $599.0M | ||
| Q4 24 | $96.0M | $416.0M | ||
| Q3 24 | $127.0M | $416.0M | ||
| Q2 24 | $48.0M | $446.0M | ||
| Q1 24 | $584.0M | $589.0M |
总债务AWKBF.B
| Q4 25 | $12.8B | $2.4B | ||
| Q3 25 | $13.0B | $2.4B | ||
| Q2 25 | $12.3B | $2.4B | ||
| Q1 25 | $13.3B | $2.7B | ||
| Q4 24 | $12.5B | $2.7B | ||
| Q3 24 | $12.6B | $2.7B | ||
| Q2 24 | $12.6B | $2.7B | ||
| Q1 24 | $12.6B | $2.7B |
股东权益AWKBF.B
| Q4 25 | $10.8B | $4.1B | ||
| Q3 25 | $10.9B | $4.0B | ||
| Q2 25 | $10.7B | $4.0B | ||
| Q1 25 | $10.5B | $3.8B | ||
| Q4 24 | $10.3B | $3.7B | ||
| Q3 24 | $10.4B | $3.5B | ||
| Q2 24 | $10.2B | $3.5B | ||
| Q1 24 | $10.0B | $3.2B |
总资产AWKBF.B
| Q4 25 | $35.4B | $8.2B | ||
| Q3 25 | $34.7B | $8.2B | ||
| Q2 25 | $33.9B | $8.1B | ||
| Q1 25 | $33.2B | $8.1B | ||
| Q4 24 | $32.8B | $8.3B | ||
| Q3 24 | $31.8B | $8.2B | ||
| Q2 24 | $31.2B | $8.2B | ||
| Q1 24 | $31.1B | $8.2B |
负债/权益比AWKBF.B
| Q4 25 | 1.18× | 0.59× | ||
| Q3 25 | 1.19× | 0.61× | ||
| Q2 25 | 1.15× | 0.61× | ||
| Q1 25 | 1.26× | 0.70× | ||
| Q4 24 | 1.21× | 0.73× | ||
| Q3 24 | 1.21× | 0.77× | ||
| Q2 24 | 1.24× | 0.76× | ||
| Q1 24 | 1.26× | 0.83× |
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 | $663.0M | $132.0M |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $107.0M |
| 自由现金流率自由现金流/营收 | -30.3% | 10.3% |
| 资本支出强度资本支出/营收 | 82.5% | 2.4% |
| 现金转化率经营现金流/净利润 | 2.79× | 0.59× |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $610.0M |
8季度趋势，按日历期对齐
经营现金流AWKBF.B
| Q4 25 | $663.0M | $132.0M | ||
| Q3 25 | $764.0M | $160.0M | ||
| Q2 25 | $301.0M | $152.0M | ||
| Q1 25 | $331.0M | $317.0M | ||
| Q4 24 | $639.0M | $112.0M | ||
| Q3 24 | $679.0M | $17.0M | ||
| Q2 24 | $345.0M | $285.0M | ||
| Q1 24 | $382.0M | $265.0M |
自由现金流AWKBF.B
| Q4 25 | $-385.0M | $107.0M | ||
| Q3 25 | $-33.0M | $129.0M | ||
| Q2 25 | $-432.0M | $102.0M | ||
| Q1 25 | $-217.0M | $272.0M | ||
| Q4 24 | $-255.0M | $81.0M | ||
| Q3 24 | $-4.0M | $-24.0M | ||
| Q2 24 | $-325.0M | $205.0M | ||
| Q1 24 | $-227.0M | $196.0M |
自由现金流率AWKBF.B
| Q4 25 | -30.3% | 10.3% | ||
| Q3 25 | -2.3% | 14.0% | ||
| Q2 25 | -34.0% | 11.4% | ||
| Q1 25 | -19.1% | 26.3% | ||
| Q4 24 | -21.2% | 7.4% | ||
| Q3 24 | -0.3% | -2.5% | ||
| Q2 24 | -28.5% | 21.3% | ||
| Q1 24 | -22.6% | 18.3% |
资本支出强度AWKBF.B
| Q4 25 | 82.5% | 2.4% | ||
| Q3 25 | 54.8% | 3.4% | ||
| Q2 25 | 57.6% | 5.6% | ||
| Q1 25 | 48.3% | 4.3% | ||
| Q4 24 | 74.4% | 2.8% | ||
| Q3 24 | 51.4% | 4.3% | ||
| Q2 24 | 58.8% | 8.3% | ||
| Q1 24 | 60.7% | 6.5% |
现金转化率AWKBF.B
| Q4 25 | 2.79× | 0.59× | ||
| Q3 25 | 2.02× | 0.94× | ||
| Q2 25 | 1.04× | 1.04× | ||
| Q1 25 | 1.61× | 1.17× | ||
| Q4 24 | 2.67× | 0.43× | ||
| Q3 24 | 1.94× | 0.09× | ||
| Q2 24 | 1.25× | 1.07× | ||
| Q1 24 | 2.06× | 0.93× |
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
AWK
| Water Services | $1.0B | 81% |
| Other | $127.0M | 10% |
| Wastewater Services | $101.0M | 8% |
| Miscellaneous Utility Charge | $11.0M | 1% |
BF.B
| Whiskey | $771.0M | 74% |
| Ready To Drink | $138.0M | 13% |
| Tequila | $67.0M | 6% |
| Restofportfolio | $52.0M | 5% |
| Nonbrandedandbulk | $8.0M | 1% |
