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American Water Works（AWK）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是American Water Works的1.2倍（$1.6B vs $1.3B），American Water Works净利率更高（18.7% vs -0.8%，领先19.6%），Primo Brands Corp自由现金流更多（$57.3M vs $-385.0M）
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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
AWK vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.2倍
$1.3B
净利率更高
AWK
高出19.6%
-0.8%
自由现金流更多
PRMB
多$442.3M
$-385.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.6B |
| 净利润 | $238.0M | $-13.0M |
| 毛利率 | — | 27.7% |
| 营业利润率 | 31.9% | 1.2% |
| 净利率 | 18.7% | -0.8% |
| 营收同比 | 5.8% | — |
| 净利润同比 | -0.4% | — |
| 每股收益（稀释后） | $1.22 | $-0.03 |
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AWKPRMB
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.3B | $0 | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.0B | $1.1B |
净利润AWKPRMB
| Q4 25 | $238.0M | $-13.0M | ||
| Q3 25 | $379.0M | $16.8M | ||
| Q2 25 | $289.0M | $27.6M | ||
| Q1 25 | $205.0M | $28.7M | ||
| Q4 24 | $239.0M | — | ||
| Q3 24 | $350.0M | $-2.0K | ||
| Q2 24 | $277.0M | $54.5M | ||
| Q1 24 | $185.0M | $33.5M |
毛利率AWKPRMB
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 29.9% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 32.7% | ||
| Q1 24 | — | 30.4% |
营业利润率AWKPRMB
| Q4 25 | 31.9% | 1.2% | ||
| Q3 25 | 42.2% | 8.3% | ||
| Q2 25 | 38.4% | 6.5% | ||
| Q1 25 | 32.7% | 9.5% | ||
| Q4 24 | 33.3% | — | ||
| Q3 24 | 40.9% | — | ||
| Q2 24 | 39.4% | 12.1% | ||
| Q1 24 | 32.5% | 11.0% |
净利率AWKPRMB
| Q4 25 | 18.7% | -0.8% | ||
| Q3 25 | 26.1% | 1.0% | ||
| Q2 25 | 22.7% | 1.6% | ||
| Q1 25 | 18.1% | 1.8% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 26.4% | — | ||
| Q2 24 | 24.3% | 4.1% | ||
| Q1 24 | 18.4% | 2.9% |
每股收益（稀释后）AWKPRMB
| Q4 25 | $1.22 | $-0.03 | ||
| Q3 25 | $1.94 | $0.04 | ||
| Q2 25 | $1.48 | $0.07 | ||
| Q1 25 | $1.05 | $0.08 | ||
| Q4 24 | $1.22 | — | ||
| Q3 24 | $1.80 | $-20.00 | ||
| Q2 24 | $1.42 | $0.25 | ||
| Q1 24 | $0.95 | $0.15 |
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 | $376.7M |
| 总债务越低越好 | $12.8B | $5.2B |
| 股东权益账面价值 | $10.8B | $3.0B |
| 总资产 | $35.4B | $10.6B |
| 负债/权益比越低杠杆越低 | 1.18× | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资AWKPRMB
| Q4 25 | $98.0M | $376.7M | ||
| Q3 25 | $166.0M | — | ||
| Q2 25 | $94.0M | — | ||
| Q1 25 | $114.0M | — | ||
| Q4 24 | $96.0M | — | ||
| Q3 24 | $127.0M | — | ||
| Q2 24 | $48.0M | — | ||
| Q1 24 | $584.0M | — |
总债务AWKPRMB
| Q4 25 | $12.8B | $5.2B | ||
| Q3 25 | $13.0B | $5.1B | ||
| Q2 25 | $12.3B | $5.1B | ||
| Q1 25 | $13.3B | $5.0B | ||
| Q4 24 | $12.5B | — | ||
| Q3 24 | $12.6B | — | ||
| Q2 24 | $12.6B | — | ||
| Q1 24 | $12.6B | — |
股东权益AWKPRMB
| Q4 25 | $10.8B | $3.0B | ||
| Q3 25 | $10.9B | $3.2B | ||
| Q2 25 | $10.7B | $3.2B | ||
| Q1 25 | $10.5B | $3.3B | ||
| Q4 24 | $10.3B | — | ||
| Q3 24 | $10.4B | $-2.0K | ||
| Q2 24 | $10.2B | $-296.8M | ||
| Q1 24 | $10.0B | $-349.8M |
总资产AWKPRMB
| Q4 25 | $35.4B | $10.6B | ||
| Q3 25 | $34.7B | $11.0B | ||
| Q2 25 | $33.9B | $11.0B | ||
| Q1 25 | $33.2B | $11.0B | ||
| Q4 24 | $32.8B | — | ||
| Q3 24 | $31.8B | $0 | ||
| Q2 24 | $31.2B | — | ||
| Q1 24 | $31.1B | — |
负债/权益比AWKPRMB
| Q4 25 | 1.18× | 1.72× | ||
| Q3 25 | 1.19× | 1.61× | ||
| Q2 25 | 1.15× | 1.57× | ||
| Q1 25 | 1.26× | 1.51× | ||
| 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 | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $57.3M |
| 自由现金流率自由现金流/营收 | -30.3% | 3.7% |
| 资本支出强度资本支出/营收 | 82.5% | 9.4% |
| 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 | $302.9M |
8季度趋势，按日历期对齐
经营现金流AWKPRMB
| Q4 25 | $663.0M | $203.1M | ||
| Q3 25 | $764.0M | $283.4M | ||
| Q2 25 | $301.0M | $155.0M | ||
| Q1 25 | $331.0M | $38.8M | ||
| Q4 24 | $639.0M | — | ||
| Q3 24 | $679.0M | $0 | ||
| Q2 24 | $345.0M | $102.5M | ||
| Q1 24 | $382.0M | $6.0M |
自由现金流AWKPRMB
| Q4 25 | $-385.0M | $57.3M | ||
| Q3 25 | $-33.0M | $167.7M | ||
| Q2 25 | $-432.0M | $101.1M | ||
| Q1 25 | $-217.0M | $-23.2M | ||
| Q4 24 | $-255.0M | — | ||
| Q3 24 | $-4.0M | — | ||
| Q2 24 | $-325.0M | $61.4M | ||
| Q1 24 | $-227.0M | $-17.5M |
自由现金流率AWKPRMB
| Q4 25 | -30.3% | 3.7% | ||
| Q3 25 | -2.3% | 9.5% | ||
| Q2 25 | -34.0% | 5.8% | ||
| Q1 25 | -19.1% | -1.4% | ||
| Q4 24 | -21.2% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | -28.5% | 4.7% | ||
| Q1 24 | -22.6% | -1.5% |
资本支出强度AWKPRMB
| Q4 25 | 82.5% | 9.4% | ||
| Q3 25 | 54.8% | 6.6% | ||
| Q2 25 | 57.6% | 3.1% | ||
| Q1 25 | 48.3% | 3.8% | ||
| Q4 24 | 74.4% | — | ||
| Q3 24 | 51.4% | — | ||
| Q2 24 | 58.8% | 3.1% | ||
| Q1 24 | 60.7% | 2.1% |
现金转化率AWKPRMB
| Q4 25 | 2.79× | — | ||
| Q3 25 | 2.02× | 16.87× | ||
| Q2 25 | 1.04× | 5.62× | ||
| Q1 25 | 1.61× | 1.35× | ||
| Q4 24 | 2.67× | — | ||
| Q3 24 | 1.94× | — | ||
| Q2 24 | 1.25× | 1.88× | ||
| Q1 24 | 2.06× | 0.18× |
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
