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American Water Works（AWK）与F5, Inc.（FFIV）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F5, Inc.的1.5倍（$1.3B vs $822.5M），F5, Inc.净利率更高（21.9% vs 18.7%，领先3.2%），F5, Inc.同比增速更快（7.3% vs 5.8%），F5, Inc.自由现金流更多（$149.5M vs $-385.0M），过去两年American Water Works的营收复合增速更高（12.6% vs 9.9%）
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。
F5, Inc.是一家美国科技企业，专注于应用安全、多云管理、线上反欺诈、应用交付网络（ADN）相关业务，同时提供应用可用性与性能优化、网络安全、访问授权管理等产品及解决方案，助力各行业客户保障数字化业务稳定运营，提升运行效率。
AWK vs FFIV — 直观对比
营收规模更大
AWK
是对方的1.5倍
$822.5M
营收增速更快
FFIV
高出1.5%
5.8%
净利率更高
FFIV
高出3.2%
18.7%
自由现金流更多
FFIV
多$534.5M
$-385.0M
两年增速更快
AWK
近两年复合增速
9.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $822.5M |
| 净利润 | $238.0M | $180.1M |
| 毛利率 | — | 81.5% |
| 营业利润率 | 31.9% | 26.0% |
| 净利率 | 18.7% | 21.9% |
| 营收同比 | 5.8% | 7.3% |
| 净利润同比 | -0.4% | 8.2% |
| 每股收益（稀释后） | $1.22 | $3.10 |
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AWKFFIV
| Q4 25 | $1.3B | $822.5M | ||
| Q3 25 | $1.5B | $810.1M | ||
| Q2 25 | $1.3B | $780.4M | ||
| Q1 25 | $1.1B | $731.1M | ||
| Q4 24 | $1.2B | $766.5M | ||
| Q3 24 | $1.3B | $746.7M | ||
| Q2 24 | $1.1B | $695.5M | ||
| Q1 24 | $1.0B | $681.4M |
净利润AWKFFIV
| Q4 25 | $238.0M | $180.1M | ||
| Q3 25 | $379.0M | $190.5M | ||
| Q2 25 | $289.0M | $189.9M | ||
| Q1 25 | $205.0M | $145.5M | ||
| Q4 24 | $239.0M | $166.4M | ||
| Q3 24 | $350.0M | $165.3M | ||
| Q2 24 | $277.0M | $144.1M | ||
| Q1 24 | $185.0M | $119.0M |
毛利率AWKFFIV
| Q4 25 | — | 81.5% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 81.0% | ||
| Q1 25 | — | 80.7% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.8% | ||
| Q2 24 | — | 80.4% | ||
| Q1 24 | — | 79.3% |
营业利润率AWKFFIV
| Q4 25 | 31.9% | 26.0% | ||
| Q3 25 | 42.2% | 25.4% | ||
| Q2 25 | 38.4% | 25.2% | ||
| Q1 25 | 32.7% | 21.7% | ||
| Q4 24 | 33.3% | 26.8% | ||
| Q3 24 | 40.9% | 25.6% | ||
| Q2 24 | 39.4% | 23.4% | ||
| Q1 24 | 32.5% | 20.5% |
净利率AWKFFIV
| Q4 25 | 18.7% | 21.9% | ||
| Q3 25 | 26.1% | 23.5% | ||
| Q2 25 | 22.7% | 24.3% | ||
| Q1 25 | 18.1% | 19.9% | ||
| Q4 24 | 19.9% | 21.7% | ||
| Q3 24 | 26.4% | 22.1% | ||
| Q2 24 | 24.3% | 20.7% | ||
| Q1 24 | 18.4% | 17.5% |
每股收益（稀释后）AWKFFIV
| Q4 25 | $1.22 | $3.10 | ||
| Q3 25 | $1.94 | $3.25 | ||
| Q2 25 | $1.48 | $3.25 | ||
| Q1 25 | $1.05 | $2.48 | ||
| Q4 24 | $1.22 | $2.82 | ||
| Q3 24 | $1.80 | $2.79 | ||
| Q2 24 | $1.42 | $2.44 | ||
| Q1 24 | $0.95 | $2.00 |
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 | $1.2B |
| 总债务越低越好 | $12.8B | — |
| 股东权益账面价值 | $10.8B | $3.5B |
| 总资产 | $35.4B | $6.3B |
| 负债/权益比越低杠杆越低 | 1.18× | — |
8季度趋势，按日历期对齐
现金及短期投资AWKFFIV
| Q4 25 | $98.0M | $1.2B | ||
| Q3 25 | $166.0M | $1.3B | ||
| Q2 25 | $94.0M | $1.4B | ||
| Q1 25 | $114.0M | $1.3B | ||
| Q4 24 | $96.0M | $1.2B | ||
| Q3 24 | $127.0M | $1.1B | ||
| Q2 24 | $48.0M | $935.6M | ||
| Q1 24 | $584.0M | $903.5M |
总债务AWKFFIV
| Q4 25 | $12.8B | — | ||
| Q3 25 | $13.0B | — | ||
| Q2 25 | $12.3B | — | ||
| Q1 25 | $13.3B | — | ||
| Q4 24 | $12.5B | — | ||
| Q3 24 | $12.6B | — | ||
| Q2 24 | $12.6B | — | ||
| Q1 24 | $12.6B | — |
股东权益AWKFFIV
| Q4 25 | $10.8B | $3.5B | ||
| Q3 25 | $10.9B | $3.6B | ||
| Q2 25 | $10.7B | $3.5B | ||
| Q1 25 | $10.5B | $3.3B | ||
| Q4 24 | $10.3B | $3.2B | ||
| Q3 24 | $10.4B | $3.1B | ||
| Q2 24 | $10.2B | $3.0B | ||
| Q1 24 | $10.0B | $2.9B |
总资产AWKFFIV
| Q4 25 | $35.4B | $6.3B | ||
| Q3 25 | $34.7B | $6.3B | ||
| Q2 25 | $33.9B | $6.1B | ||
| Q1 25 | $33.2B | $5.9B | ||
| Q4 24 | $32.8B | $5.9B | ||
| Q3 24 | $31.8B | $5.6B | ||
| Q2 24 | $31.2B | $5.4B | ||
| Q1 24 | $31.1B | $5.4B |
负债/权益比AWKFFIV
| Q4 25 | 1.18× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | 1.21× | — | ||
| Q2 24 | 1.24× | — | ||
| Q1 24 | 1.26× | — |
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 | $159.2M |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $149.5M |
| 自由现金流率自由现金流/营收 | -30.3% | 18.2% |
| 资本支出强度资本支出/营收 | 82.5% | 1.2% |
| 现金转化率经营现金流/净利润 | 2.79× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $861.2M |
8季度趋势，按日历期对齐
经营现金流AWKFFIV
| Q4 25 | $663.0M | $159.2M | ||
| Q3 25 | $764.0M | $208.1M | ||
| Q2 25 | $301.0M | $282.2M | ||
| Q1 25 | $331.0M | $256.6M | ||
| Q4 24 | $639.0M | $202.8M | ||
| Q3 24 | $679.0M | $246.5M | ||
| Q2 24 | $345.0M | $159.0M | ||
| Q1 24 | $382.0M | $221.6M |
自由现金流AWKFFIV
| Q4 25 | $-385.0M | $149.5M | ||
| Q3 25 | $-33.0M | $191.9M | ||
| Q2 25 | $-432.0M | $273.7M | ||
| Q1 25 | $-217.0M | $246.1M | ||
| Q4 24 | $-255.0M | $194.7M | ||
| Q3 24 | $-4.0M | $240.4M | ||
| Q2 24 | $-325.0M | $153.1M | ||
| Q1 24 | $-227.0M | $212.2M |
自由现金流率AWKFFIV
| Q4 25 | -30.3% | 18.2% | ||
| Q3 25 | -2.3% | 23.7% | ||
| Q2 25 | -34.0% | 35.1% | ||
| Q1 25 | -19.1% | 33.7% | ||
| Q4 24 | -21.2% | 25.4% | ||
| Q3 24 | -0.3% | 32.2% | ||
| Q2 24 | -28.5% | 22.0% | ||
| Q1 24 | -22.6% | 31.1% |
资本支出强度AWKFFIV
| Q4 25 | 82.5% | 1.2% | ||
| Q3 25 | 54.8% | 2.0% | ||
| Q2 25 | 57.6% | 1.1% | ||
| Q1 25 | 48.3% | 1.4% | ||
| Q4 24 | 74.4% | 1.1% | ||
| Q3 24 | 51.4% | 0.8% | ||
| Q2 24 | 58.8% | 0.8% | ||
| Q1 24 | 60.7% | 1.4% |
现金转化率AWKFFIV
| Q4 25 | 2.79× | 0.88× | ||
| Q3 25 | 2.02× | 1.09× | ||
| Q2 25 | 1.04× | 1.49× | ||
| Q1 25 | 1.61× | 1.76× | ||
| Q4 24 | 2.67× | 1.22× | ||
| Q3 24 | 1.94× | 1.49× | ||
| Q2 24 | 1.25× | 1.10× | ||
| Q1 24 | 2.06× | 1.86× |
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% |
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
