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American Water Works（AWK）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是American Water Works的1.5倍（$1.9B vs $1.3B），American Water Works净利率更高（18.7% vs 11.9%，领先6.8%），Masco同比增速更快（6.5% vs 5.8%），过去两年American Water Works的营收复合增速更高（12.6% vs -4.2%）
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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
AWK vs MAS — 直观对比
营收规模更大
MAS
是对方的1.5倍
$1.3B
营收增速更快
MAS
高出0.7%
5.8%
净利率更高
AWK
高出6.8%
11.9%
两年增速更快
AWK
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.9B |
| 净利润 | $238.0M | $228.0M |
| 毛利率 | — | 35.8% |
| 营业利润率 | 31.9% | 16.5% |
| 净利率 | 18.7% | 11.9% |
| 营收同比 | 5.8% | 6.5% |
| 净利润同比 | -0.4% | 14.5% |
| 每股收益（稀释后） | $1.22 | — |
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AWKMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.3B | $1.8B | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $1.1B | $2.1B |
净利润AWKMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $238.0M | $165.0M | ||
| Q3 25 | $379.0M | $189.0M | ||
| Q2 25 | $289.0M | $270.0M | ||
| Q1 25 | $205.0M | $186.0M | ||
| Q4 24 | $239.0M | $182.0M | ||
| Q3 24 | $350.0M | $167.0M | ||
| Q2 24 | $277.0M | $258.0M |
毛利率AWKMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | — | 33.9% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | 35.8% | ||
| Q4 24 | — | 34.8% | ||
| Q3 24 | — | 36.6% | ||
| Q2 24 | — | 37.5% |
营业利润率AWKMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | 31.9% | 13.8% | ||
| Q3 25 | 42.2% | 15.8% | ||
| Q2 25 | 38.4% | 20.1% | ||
| Q1 25 | 32.7% | 15.9% | ||
| Q4 24 | 33.3% | 15.9% | ||
| Q3 24 | 40.9% | 18.0% | ||
| Q2 24 | 39.4% | 19.0% |
净利率AWKMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | 18.7% | 9.2% | ||
| Q3 25 | 26.1% | 9.9% | ||
| Q2 25 | 22.7% | 13.2% | ||
| Q1 25 | 18.1% | 10.3% | ||
| Q4 24 | 19.9% | 10.0% | ||
| Q3 24 | 26.4% | 8.4% | ||
| Q2 24 | 24.3% | 12.3% |
每股收益（稀释后）AWKMAS
| Q1 26 | — | — | ||
| Q4 25 | $1.22 | $0.81 | ||
| Q3 25 | $1.94 | $0.90 | ||
| Q2 25 | $1.48 | $1.28 | ||
| Q1 25 | $1.05 | $0.87 | ||
| Q4 24 | $1.22 | $0.85 | ||
| Q3 24 | $1.80 | $0.77 | ||
| Q2 24 | $1.42 | $1.17 |
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 | — |
| 总债务越低越好 | $12.8B | $2.9B |
| 股东权益账面价值 | $10.8B | $27.0M |
| 总资产 | $35.4B | $5.2B |
| 负债/权益比越低杠杆越低 | 1.18× | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资AWKMAS
| Q1 26 | — | — | ||
| Q4 25 | $98.0M | $647.0M | ||
| Q3 25 | $166.0M | $559.0M | ||
| Q2 25 | $94.0M | $390.0M | ||
| Q1 25 | $114.0M | $377.0M | ||
| Q4 24 | $96.0M | $634.0M | ||
| Q3 24 | $127.0M | $646.0M | ||
| Q2 24 | $48.0M | $398.0M |
总债务AWKMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $12.8B | $2.9B | ||
| Q3 25 | $13.0B | — | ||
| Q2 25 | $12.3B | — | ||
| Q1 25 | $13.3B | — | ||
| Q4 24 | $12.5B | $2.9B | ||
| Q3 24 | $12.6B | — | ||
| Q2 24 | $12.6B | — |
股东权益AWKMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | $10.8B | $-185.0M | ||
| Q3 25 | $10.9B | $-78.0M | ||
| Q2 25 | $10.7B | $-84.0M | ||
| Q1 25 | $10.5B | $-254.0M | ||
| Q4 24 | $10.3B | $-279.0M | ||
| Q3 24 | $10.4B | $-88.0M | ||
| Q2 24 | $10.2B | $-26.0M |
总资产AWKMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $35.4B | $5.2B | ||
| Q3 25 | $34.7B | $5.3B | ||
| Q2 25 | $33.9B | $5.3B | ||
| Q1 25 | $33.2B | $5.1B | ||
| Q4 24 | $32.8B | $5.0B | ||
| Q3 24 | $31.8B | $5.3B | ||
| Q2 24 | $31.2B | $5.4B |
负债/权益比AWKMAS
| Q1 26 | — | 109.07× | ||
| 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× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | — |
| 自由现金流率自由现金流/营收 | -30.3% | — |
| 资本支出强度资本支出/营收 | 82.5% | 1.8% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AWKMAS
| Q1 26 | — | — | ||
| Q4 25 | $663.0M | $418.0M | ||
| Q3 25 | $764.0M | $456.0M | ||
| Q2 25 | $301.0M | $306.0M | ||
| Q1 25 | $331.0M | $-158.0M | ||
| Q4 24 | $639.0M | $407.0M | ||
| Q3 24 | $679.0M | $416.0M | ||
| Q2 24 | $345.0M | $346.0M |
自由现金流AWKMAS
| Q1 26 | — | — | ||
| Q4 25 | $-385.0M | $371.0M | ||
| Q3 25 | $-33.0M | $415.0M | ||
| Q2 25 | $-432.0M | $270.0M | ||
| Q1 25 | $-217.0M | $-190.0M | ||
| Q4 24 | $-255.0M | $351.0M | ||
| Q3 24 | $-4.0M | $378.0M | ||
| Q2 24 | $-325.0M | $303.0M |
自由现金流率AWKMAS
| Q1 26 | — | — | ||
| Q4 25 | -30.3% | 20.7% | ||
| Q3 25 | -2.3% | 21.6% | ||
| Q2 25 | -34.0% | 13.2% | ||
| Q1 25 | -19.1% | -10.5% | ||
| Q4 24 | -21.2% | 19.2% | ||
| Q3 24 | -0.3% | 19.1% | ||
| Q2 24 | -28.5% | 14.5% |
资本支出强度AWKMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | 82.5% | 2.6% | ||
| Q3 25 | 54.8% | 2.1% | ||
| Q2 25 | 57.6% | 1.8% | ||
| Q1 25 | 48.3% | 1.8% | ||
| Q4 24 | 74.4% | 3.1% | ||
| Q3 24 | 51.4% | 1.9% | ||
| Q2 24 | 58.8% | 2.1% |
现金转化率AWKMAS
| Q1 26 | — | — | ||
| Q4 25 | 2.79× | 2.53× | ||
| Q3 25 | 2.02× | 2.41× | ||
| Q2 25 | 1.04× | 1.13× | ||
| Q1 25 | 1.61× | -0.85× | ||
| Q4 24 | 2.67× | 2.24× | ||
| Q3 24 | 1.94× | 2.49× | ||
| Q2 24 | 1.25× | 1.34× |
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% |
MAS
暂无分部数据
