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American Water Works（AWK）与布鲁姆能源（CLNE）财务数据对比。点击上方公司名可切换其他公司
American Water Works的季度营收约是布鲁姆能源的11.3倍（$1.3B vs $112.3M）。American Water Works净利率更高（18.7% vs -38.3%，领先57.0%）。American Water Works同比增速更快（5.8% vs 2.7%）。布鲁姆能源自由现金流更多（$6.5M vs $-385.0M）。过去两年American Water Works的营收复合增速更高（12.6% vs 4.1%）
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。
布鲁姆能源是一家美国上市企业，设计并制造固体氧化物燃料电池，该产品可在数据中心、制造业及其他商业领域的场所内独立发电。公司成立于2001年，总部位于加利福尼亚州圣何塞，其技术依靠化学转化过程发电，无需依赖传统燃烧，可使用天然气、沼气或氢气作为燃料。
AWK vs CLNE — 直观对比
营收规模更大
AWK
是对方的11.3倍
$112.3M
营收增速更快
AWK
高出3.1%
2.7%
净利率更高
AWK
高出57.0%
-38.3%
自由现金流更多
CLNE
多$391.5M
$-385.0M
两年增速更快
AWK
近两年复合增速
4.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $112.3M |
| 净利润 | $238.0M | $-43.0M |
| 毛利率 | — | — |
| 营业利润率 | 31.9% | -9.5% |
| 净利率 | 18.7% | -38.3% |
| 营收同比 | 5.8% | 2.7% |
| 净利润同比 | -0.4% | -42.6% |
| 每股收益（稀释后） | $1.22 | $-0.21 |
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AWKCLNE
| Q4 25 | $1.3B | $112.3M | ||
| Q3 25 | $1.5B | $106.1M | ||
| Q2 25 | $1.3B | $102.6M | ||
| Q1 25 | $1.1B | $103.8M | ||
| Q4 24 | $1.2B | $109.3M | ||
| Q3 24 | $1.3B | $104.9M | ||
| Q2 24 | $1.1B | $98.0M | ||
| Q1 24 | $1.0B | $103.7M |
净利润AWKCLNE
| Q4 25 | $238.0M | $-43.0M | ||
| Q3 25 | $379.0M | $-23.8M | ||
| Q2 25 | $289.0M | $-20.2M | ||
| Q1 25 | $205.0M | $-135.0M | ||
| Q4 24 | $239.0M | $-30.2M | ||
| Q3 24 | $350.0M | $-18.2M | ||
| Q2 24 | $277.0M | $-16.3M | ||
| Q1 24 | $185.0M | $-18.4M |
营业利润率AWKCLNE
| Q4 25 | 31.9% | -9.5% | ||
| Q3 25 | 42.2% | -12.8% | ||
| Q2 25 | 38.4% | -9.0% | ||
| Q1 25 | 32.7% | -121.7% | ||
| Q4 24 | 33.3% | -11.8% | ||
| Q3 24 | 40.9% | -8.1% | ||
| Q2 24 | 39.4% | -5.7% | ||
| Q1 24 | 32.5% | -9.0% |
净利率AWKCLNE
| Q4 25 | 18.7% | -38.3% | ||
| Q3 25 | 26.1% | -22.4% | ||
| Q2 25 | 22.7% | -19.7% | ||
| Q1 25 | 18.1% | -130.1% | ||
| Q4 24 | 19.9% | -27.6% | ||
| Q3 24 | 26.4% | -17.3% | ||
| Q2 24 | 24.3% | -16.6% | ||
| Q1 24 | 18.4% | -17.8% |
每股收益（稀释后）AWKCLNE
| Q4 25 | $1.22 | $-0.21 | ||
| Q3 25 | $1.94 | $-0.11 | ||
| Q2 25 | $1.48 | $-0.09 | ||
| Q1 25 | $1.05 | $-0.60 | ||
| Q4 24 | $1.22 | $-0.14 | ||
| Q3 24 | $1.80 | $-0.08 | ||
| Q2 24 | $1.42 | $-0.07 | ||
| Q1 24 | $0.95 | $-0.08 |
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 | $156.1M |
| 总债务越低越好 | $12.8B | $226.8M |
| 股东权益账面价值 | $10.8B | $559.4M |
| 总资产 | $35.4B | $1.1B |
| 负债/权益比越低杠杆越低 | 1.18× | 0.41× |
8季度趋势，按日历期对齐
现金及短期投资AWKCLNE
| Q4 25 | $98.0M | $156.1M | ||
| Q3 25 | $166.0M | $232.2M | ||
| Q2 25 | $94.0M | $240.8M | ||
| Q1 25 | $114.0M | $226.6M | ||
| Q4 24 | $96.0M | $217.5M | ||
| Q3 24 | $127.0M | $243.5M | ||
| Q2 24 | $48.0M | $249.3M | ||
| Q1 24 | $584.0M | $248.9M |
总债务AWKCLNE
| Q4 25 | $12.8B | $226.8M | ||
| Q3 25 | $13.0B | $284.3M | ||
| Q2 25 | $12.3B | $277.9M | ||
| Q1 25 | $13.3B | $271.6M | ||
| Q4 24 | $12.5B | $265.4M | ||
| Q3 24 | $12.6B | $264.1M | ||
| Q2 24 | $12.6B | $263.0M | ||
| Q1 24 | $12.6B | $262.0M |
股东权益AWKCLNE
| Q4 25 | $10.8B | $559.4M | ||
| Q3 25 | $10.9B | $585.2M | ||
| Q2 25 | $10.7B | $590.8M | ||
| Q1 25 | $10.5B | $596.7M | ||
| Q4 24 | $10.3B | $713.3M | ||
| Q3 24 | $10.4B | $724.8M | ||
| Q2 24 | $10.2B | $723.0M | ||
| Q1 24 | $10.0B | $722.9M |
总资产AWKCLNE
| Q4 25 | $35.4B | $1.1B | ||
| Q3 25 | $34.7B | $1.1B | ||
| Q2 25 | $33.9B | $1.1B | ||
| Q1 25 | $33.2B | $1.1B | ||
| Q4 24 | $32.8B | $1.2B | ||
| Q3 24 | $31.8B | $1.2B | ||
| Q2 24 | $31.2B | $1.2B | ||
| Q1 24 | $31.1B | $1.2B |
负债/权益比AWKCLNE
| Q4 25 | 1.18× | 0.41× | ||
| Q3 25 | 1.19× | 0.49× | ||
| Q2 25 | 1.15× | 0.47× | ||
| Q1 25 | 1.26× | 0.46× | ||
| Q4 24 | 1.21× | 0.37× | ||
| Q3 24 | 1.21× | 0.36× | ||
| Q2 24 | 1.24× | 0.36× | ||
| Q1 24 | 1.26× | 0.36× |
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 | $13.1M |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $6.5M |
| 自由现金流率自由现金流/营收 | -30.3% | 5.8% |
| 资本支出强度资本支出/营收 | 82.5% | 5.9% |
| 现金转化率经营现金流/净利润 | 2.79× | — |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $59.9M |
8季度趋势，按日历期对齐
经营现金流AWKCLNE
| Q4 25 | $663.0M | $13.1M | ||
| Q3 25 | $764.0M | $13.1M | ||
| Q2 25 | $301.0M | $35.9M | ||
| Q1 25 | $331.0M | $23.4M | ||
| Q4 24 | $639.0M | $21.9M | ||
| Q3 24 | $679.0M | $21.4M | ||
| Q2 24 | $345.0M | $18.8M | ||
| Q1 24 | $382.0M | $2.6M |
自由现金流AWKCLNE
| Q4 25 | $-385.0M | $6.5M | ||
| Q3 25 | $-33.0M | $6.5M | ||
| Q2 25 | $-432.0M | $30.9M | ||
| Q1 25 | $-217.0M | $15.9M | ||
| Q4 24 | $-255.0M | $10.3M | ||
| Q3 24 | $-4.0M | $42.0K | ||
| Q2 24 | $-325.0M | $4.8M | ||
| Q1 24 | $-227.0M | $-15.6M |
自由现金流率AWKCLNE
| Q4 25 | -30.3% | 5.8% | ||
| Q3 25 | -2.3% | 6.1% | ||
| Q2 25 | -34.0% | 30.2% | ||
| Q1 25 | -19.1% | 15.4% | ||
| Q4 24 | -21.2% | 9.5% | ||
| Q3 24 | -0.3% | 0.0% | ||
| Q2 24 | -28.5% | 4.9% | ||
| Q1 24 | -22.6% | -15.1% |
资本支出强度AWKCLNE
| Q4 25 | 82.5% | 5.9% | ||
| Q3 25 | 54.8% | 6.2% | ||
| Q2 25 | 57.6% | 4.8% | ||
| Q1 25 | 48.3% | 7.2% | ||
| Q4 24 | 74.4% | 10.5% | ||
| Q3 24 | 51.4% | 20.3% | ||
| Q2 24 | 58.8% | 14.2% | ||
| Q1 24 | 60.7% | 17.6% |
现金转化率AWKCLNE
| Q4 25 | 2.79× | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 1.61× | — | ||
| Q4 24 | 2.67× | — | ||
| Q3 24 | 1.94× | — | ||
| Q2 24 | 1.25× | — | ||
| Q1 24 | 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
AWK
| Water Services | $1.0B | 81% |
| Other | $127.0M | 10% |
| Wastewater Services | $101.0M | 8% |
| Miscellaneous Utility Charge | $11.0M | 1% |
CLNE
| Volume Related Fuel Sales | $73.6M | 66% |
| Services | $15.1M | 13% |
| Station Construction Sales | $10.7M | 9% |
| Volume Related Renewable Identification Number Credits | $9.5M | 8% |
| Volume Related Low Carbon Fuel Standard Credits | $3.4M | 3% |
