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American Water Works（AWK）与骏利亨德森集团（JHG）财务数据对比。点击上方公司名可切换其他公司
American Water Works的季度营收约是骏利亨德森集团的1.1倍（$1.3B vs $1.1B），骏利亨德森集团净利率更高（35.3% vs 18.7%，领先16.6%），骏利亨德森集团同比增速更快（61.3% vs 5.8%），骏利亨德森集团自由现金流更多（$320.4M vs $-385.0M），过去两年骏利亨德森集团的营收复合增速更高（43.9% vs 12.6%）
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。
骏利亨德森集团是英美联手设立的全球资产管理企业，总部位于英国伦敦金融城，旗下以「骏利亨德森投资者」为运营品牌，面向全球个人投资者、中介顾问及机构客户提供多元金融产品与专业资产管理服务。
AWK vs JHG — 直观对比
营收规模更大
AWK
是对方的1.1倍
$1.1B
营收增速更快
JHG
高出55.4%
5.8%
净利率更高
JHG
高出16.6%
18.7%
自由现金流更多
JHG
多$705.4M
$-385.0M
两年增速更快
JHG
近两年复合增速
12.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.1B |
| 净利润 | $238.0M | $403.2M |
| 毛利率 | — | — |
| 营业利润率 | 31.9% | 42.7% |
| 净利率 | 18.7% | 35.3% |
| 营收同比 | 5.8% | 61.3% |
| 净利润同比 | -0.4% | 231.0% |
| 每股收益（稀释后） | $1.22 | $2.59 |
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AWKJHG
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.5B | $700.4M | ||
| Q2 25 | $1.3B | $633.2M | ||
| Q1 25 | $1.1B | $621.4M | ||
| Q4 24 | $1.2B | $708.3M | ||
| Q3 24 | $1.3B | $624.8M | ||
| Q2 24 | $1.1B | $588.4M | ||
| Q1 24 | $1.0B | $551.7M |
净利润AWKJHG
| Q4 25 | $238.0M | $403.2M | ||
| Q3 25 | $379.0M | $142.1M | ||
| Q2 25 | $289.0M | $149.9M | ||
| Q1 25 | $205.0M | $120.7M | ||
| Q4 24 | $239.0M | $121.8M | ||
| Q3 24 | $350.0M | $27.3M | ||
| Q2 24 | $277.0M | $129.7M | ||
| Q1 24 | $185.0M | $130.1M |
营业利润率AWKJHG
| Q4 25 | 31.9% | 42.7% | ||
| Q3 25 | 42.2% | 24.6% | ||
| Q2 25 | 38.4% | 25.9% | ||
| Q1 25 | 32.7% | 24.7% | ||
| Q4 24 | 33.3% | 27.9% | ||
| Q3 24 | 40.9% | 26.4% | ||
| Q2 24 | 39.4% | 27.9% | ||
| Q1 24 | 32.5% | 21.6% |
净利率AWKJHG
| Q4 25 | 18.7% | 35.3% | ||
| Q3 25 | 26.1% | 20.3% | ||
| Q2 25 | 22.7% | 23.7% | ||
| Q1 25 | 18.1% | 19.4% | ||
| Q4 24 | 19.9% | 17.2% | ||
| Q3 24 | 26.4% | 4.4% | ||
| Q2 24 | 24.3% | 22.0% | ||
| Q1 24 | 18.4% | 23.6% |
每股收益（稀释后）AWKJHG
| Q4 25 | $1.22 | $2.59 | ||
| Q3 25 | $1.94 | $0.92 | ||
| Q2 25 | $1.48 | $0.95 | ||
| Q1 25 | $1.05 | $0.77 | ||
| Q4 24 | $1.22 | $0.77 | ||
| Q3 24 | $1.80 | $0.17 | ||
| Q2 24 | $1.42 | $0.81 | ||
| Q1 24 | $0.95 | $0.81 |
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 | $1.6B |
| 总债务越低越好 | $12.8B | — |
| 股东权益账面价值 | $10.8B | $5.1B |
| 总资产 | $35.4B | $8.3B |
| 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AWKJHG
| Q4 25 | $98.0M | $1.6B | ||
| Q3 25 | $166.0M | $1.4B | ||
| Q2 25 | $94.0M | $1.3B | ||
| Q1 25 | $114.0M | $1.4B | ||
| Q4 24 | $96.0M | $1.6B | ||
| Q3 24 | $127.0M | $1.8B | ||
| Q2 24 | $48.0M | $1.3B | ||
| Q1 24 | $584.0M | $1.1B |
总债务AWKJHG
| 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AWKJHG
| Q4 25 | $10.8B | $5.1B | ||
| Q3 25 | $10.9B | $4.8B | ||
| Q2 25 | $10.7B | $4.8B | ||
| Q1 25 | $10.5B | $4.7B | ||
| Q4 24 | $10.3B | $4.6B | ||
| Q3 24 | $10.4B | $4.6B | ||
| Q2 24 | $10.2B | $4.5B | ||
| Q1 24 | $10.0B | $4.4B |
总资产AWKJHG
| Q4 25 | $35.4B | $8.3B | ||
| Q3 25 | $34.7B | $7.6B | ||
| Q2 25 | $33.9B | $7.5B | ||
| Q1 25 | $33.2B | $7.1B | ||
| Q4 24 | $32.8B | $7.0B | ||
| Q3 24 | $31.8B | $7.3B | ||
| Q2 24 | $31.2B | $6.4B | ||
| Q1 24 | $31.1B | $6.3B |
负债/权益比AWKJHG
| 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 | $322.7M |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $320.4M |
| 自由现金流率自由现金流/营收 | -30.3% | 28.0% |
| 资本支出强度资本支出/营收 | 82.5% | 0.2% |
| 现金转化率经营现金流/净利润 | 2.79× | 0.80× |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $710.9M |
8季度趋势，按日历期对齐
经营现金流AWKJHG
| Q4 25 | $663.0M | $322.7M | ||
| Q3 25 | $764.0M | $258.8M | ||
| Q2 25 | $301.0M | $135.2M | ||
| Q1 25 | $331.0M | $2.8M | ||
| Q4 24 | $639.0M | $247.3M | ||
| Q3 24 | $679.0M | $228.5M | ||
| Q2 24 | $345.0M | $223.8M | ||
| Q1 24 | $382.0M | $-5.0M |
自由现金流AWKJHG
| Q4 25 | $-385.0M | $320.4M | ||
| Q3 25 | $-33.0M | $256.4M | ||
| Q2 25 | $-432.0M | $133.2M | ||
| Q1 25 | $-217.0M | $900.0K | ||
| Q4 24 | $-255.0M | $243.5M | ||
| Q3 24 | $-4.0M | $225.9M | ||
| Q2 24 | $-325.0M | $221.9M | ||
| Q1 24 | $-227.0M | $-6.8M |
自由现金流率AWKJHG
| Q4 25 | -30.3% | 28.0% | ||
| Q3 25 | -2.3% | 36.6% | ||
| Q2 25 | -34.0% | 21.0% | ||
| Q1 25 | -19.1% | 0.1% | ||
| Q4 24 | -21.2% | 34.4% | ||
| Q3 24 | -0.3% | 36.2% | ||
| Q2 24 | -28.5% | 37.7% | ||
| Q1 24 | -22.6% | -1.2% |
资本支出强度AWKJHG
| Q4 25 | 82.5% | 0.2% | ||
| Q3 25 | 54.8% | 0.3% | ||
| Q2 25 | 57.6% | 0.3% | ||
| Q1 25 | 48.3% | 0.3% | ||
| Q4 24 | 74.4% | 0.5% | ||
| Q3 24 | 51.4% | 0.4% | ||
| Q2 24 | 58.8% | 0.3% | ||
| Q1 24 | 60.7% | 0.3% |
现金转化率AWKJHG
| Q4 25 | 2.79× | 0.80× | ||
| Q3 25 | 2.02× | 1.82× | ||
| Q2 25 | 1.04× | 0.90× | ||
| Q1 25 | 1.61× | 0.02× | ||
| Q4 24 | 2.67× | 2.03× | ||
| Q3 24 | 1.94× | 8.37× | ||
| Q2 24 | 1.25× | 1.73× | ||
| Q1 24 | 2.06× | -0.04× |
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% |
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
