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American Water Works（AWK）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
American Water Works的季度营收约是美泰的1.5倍（$1.3B vs $862.2M），American Water Works净利率更高（18.7% vs 7.1%，领先11.7%），American Water Works同比增速更快（5.8% vs 4.3%），美泰自由现金流更多（$-88.1M vs $-385.0M），过去两年American Water Works的营收复合增速更高（12.6% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
AWK vs MAT — 直观对比
营收规模更大
AWK
是对方的1.5倍
$862.2M
营收增速更快
AWK
高出1.5%
4.3%
净利率更高
AWK
高出11.7%
7.1%
自由现金流更多
MAT
多$296.9M
$-385.0M
两年增速更快
AWK
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $862.2M |
| 净利润 | $238.0M | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | 31.9% | — |
| 净利率 | 18.7% | 7.1% |
| 营收同比 | 5.8% | 4.3% |
| 净利润同比 | -0.4% | 251.4% |
| 每股收益（稀释后） | $1.22 | $0.20 |
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AWKMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $1.3B | $1.8B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.1B | $826.6M | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.1B | $1.1B |
净利润AWKMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $238.0M | $106.2M | ||
| Q3 25 | $379.0M | $278.4M | ||
| Q2 25 | $289.0M | $53.4M | ||
| Q1 25 | $205.0M | $-40.3M | ||
| Q4 24 | $239.0M | $140.9M | ||
| Q3 24 | $350.0M | $372.4M | ||
| Q2 24 | $277.0M | $56.9M |
毛利率AWKMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | — | 50.9% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | — | 53.1% | ||
| Q2 24 | — | 49.2% |
营业利润率AWKMAT
| Q1 26 | — | — | ||
| Q4 25 | 31.9% | 8.0% | ||
| Q3 25 | 42.2% | 21.9% | ||
| Q2 25 | 38.4% | 7.7% | ||
| Q1 25 | 32.7% | -6.4% | ||
| Q4 24 | 33.3% | 9.6% | ||
| Q3 24 | 40.9% | 26.5% | ||
| Q2 24 | 39.4% | 7.7% |
净利率AWKMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 18.7% | 6.0% | ||
| Q3 25 | 26.1% | 16.0% | ||
| Q2 25 | 22.7% | 5.2% | ||
| Q1 25 | 18.1% | -4.9% | ||
| Q4 24 | 19.9% | 8.6% | ||
| Q3 24 | 26.4% | 20.2% | ||
| Q2 24 | 24.3% | 5.3% |
每股收益（稀释后）AWKMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $1.22 | $0.32 | ||
| Q3 25 | $1.94 | $0.88 | ||
| Q2 25 | $1.48 | $0.16 | ||
| Q1 25 | $1.05 | $-0.12 | ||
| Q4 24 | $1.22 | $0.40 | ||
| Q3 24 | $1.80 | $1.09 | ||
| Q2 24 | $1.42 | $0.17 |
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 | $866.0M |
| 总债务越低越好 | $12.8B | $2.3B |
| 股东权益账面价值 | $10.8B | $2.1B |
| 总资产 | $35.4B | $6.3B |
| 负债/权益比越低杠杆越低 | 1.18× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资AWKMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $98.0M | $1.2B | ||
| Q3 25 | $166.0M | $691.9M | ||
| Q2 25 | $94.0M | $870.5M | ||
| Q1 25 | $114.0M | $1.2B | ||
| Q4 24 | $96.0M | $1.4B | ||
| Q3 24 | $127.0M | $723.5M | ||
| Q2 24 | $48.0M | $722.4M |
总债务AWKMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $12.8B | $2.3B | ||
| Q3 25 | $13.0B | $2.3B | ||
| Q2 25 | $12.3B | $2.3B | ||
| Q1 25 | $13.3B | $2.3B | ||
| Q4 24 | $12.5B | $2.3B | ||
| Q3 24 | $12.6B | $2.3B | ||
| Q2 24 | $12.6B | $2.3B |
股东权益AWKMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $10.8B | $2.2B | ||
| Q3 25 | $10.9B | $2.3B | ||
| Q2 25 | $10.7B | $2.2B | ||
| Q1 25 | $10.5B | $2.1B | ||
| Q4 24 | $10.3B | $2.3B | ||
| Q3 24 | $10.4B | $2.3B | ||
| Q2 24 | $10.2B | $2.0B |
总资产AWKMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $35.4B | $6.6B | ||
| Q3 25 | $34.7B | $6.6B | ||
| Q2 25 | $33.9B | $6.2B | ||
| Q1 25 | $33.2B | $6.2B | ||
| Q4 24 | $32.8B | $6.5B | ||
| Q3 24 | $31.8B | $6.5B | ||
| Q2 24 | $31.2B | $5.9B |
负债/权益比AWKMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | 1.18× | 1.04× | ||
| Q3 25 | 1.19× | 1.03× | ||
| Q2 25 | 1.15× | 1.08× | ||
| Q1 25 | 1.26× | 1.10× | ||
| Q4 24 | 1.21× | 1.03× | ||
| Q3 24 | 1.21× | 1.01× | ||
| Q2 24 | 1.24× | 1.18× |
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 | $-88.1M |
| 自由现金流率自由现金流/营收 | -30.3% | -10.2% |
| 资本支出强度资本支出/营收 | 82.5% | 7.6% |
| 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AWKMAT
| Q1 26 | — | — | ||
| Q4 25 | $663.0M | $796.6M | ||
| Q3 25 | $764.0M | $72.0M | ||
| Q2 25 | $301.0M | $-300.1M | ||
| Q1 25 | $331.0M | $24.8M | ||
| Q4 24 | $639.0M | $862.1M | ||
| Q3 24 | $679.0M | $155.8M | ||
| Q2 24 | $345.0M | $-252.9M |
自由现金流AWKMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $-385.0M | — | ||
| Q3 25 | $-33.0M | — | ||
| Q2 25 | $-432.0M | — | ||
| Q1 25 | $-217.0M | — | ||
| Q4 24 | $-255.0M | — | ||
| Q3 24 | $-4.0M | — | ||
| Q2 24 | $-325.0M | — |
自由现金流率AWKMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | -30.3% | — | ||
| Q3 25 | -2.3% | — | ||
| Q2 25 | -34.0% | — | ||
| Q1 25 | -19.1% | — | ||
| Q4 24 | -21.2% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | -28.5% | — |
资本支出强度AWKMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 82.5% | — | ||
| Q3 25 | 54.8% | — | ||
| Q2 25 | 57.6% | — | ||
| Q1 25 | 48.3% | — | ||
| Q4 24 | 74.4% | — | ||
| Q3 24 | 51.4% | — | ||
| Q2 24 | 58.8% | — |
现金转化率AWKMAT
| Q1 26 | — | — | ||
| Q4 25 | 2.79× | 7.50× | ||
| Q3 25 | 2.02× | 0.26× | ||
| Q2 25 | 1.04× | -5.62× | ||
| Q1 25 | 1.61× | — | ||
| Q4 24 | 2.67× | 6.12× | ||
| Q3 24 | 1.94× | 0.42× | ||
| Q2 24 | 1.25× | -4.45× |
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% |
MAT
暂无分部数据
