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American Water Works（AWK）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是American Water Works的1.2倍（$1.5B vs $1.3B），American Water Works净利率更高（18.7% vs -3.1%，领先21.9%），American Water Works同比增速更快（5.8% vs -11.9%），RXO, Inc.自由现金流更多（$-9.0M vs $-385.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
AWK vs RXO — 直观对比
营收规模更大
RXO
是对方的1.2倍
$1.3B
营收增速更快
AWK
高出17.7%
-11.9%
净利率更高
AWK
高出21.9%
-3.1%
自由现金流更多
RXO
多$376.0M
$-385.0M
两年增速更快
RXO
近两年复合增速
12.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.5B |
| 净利润 | $238.0M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 31.9% | -2.9% |
| 净利率 | 18.7% | -3.1% |
| 营收同比 | 5.8% | -11.9% |
| 净利润同比 | -0.4% | -84.0% |
| 每股收益（稀释后） | $1.22 | $-0.28 |
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AWKRXO
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.1B | $930.0M | ||
| Q1 24 | $1.0B | $913.0M |
净利润AWKRXO
| Q4 25 | $238.0M | $-46.0M | ||
| Q3 25 | $379.0M | $-14.0M | ||
| Q2 25 | $289.0M | $-9.0M | ||
| Q1 25 | $205.0M | $-31.0M | ||
| Q4 24 | $239.0M | $-25.0M | ||
| Q3 24 | $350.0M | $-243.0M | ||
| Q2 24 | $277.0M | $-7.0M | ||
| Q1 24 | $185.0M | $-15.0M |
营业利润率AWKRXO
| Q4 25 | 31.9% | -2.9% | ||
| Q3 25 | 42.2% | -0.5% | ||
| Q2 25 | 38.4% | — | ||
| Q1 25 | 32.7% | -2.1% | ||
| Q4 24 | 33.3% | -1.4% | ||
| Q3 24 | 40.9% | -1.9% | ||
| Q2 24 | 39.4% | — | ||
| Q1 24 | 32.5% | -1.3% |
净利率AWKRXO
| Q4 25 | 18.7% | -3.1% | ||
| Q3 25 | 26.1% | -1.0% | ||
| Q2 25 | 22.7% | -0.6% | ||
| Q1 25 | 18.1% | -2.2% | ||
| Q4 24 | 19.9% | -1.5% | ||
| Q3 24 | 26.4% | -23.4% | ||
| Q2 24 | 24.3% | -0.8% | ||
| Q1 24 | 18.4% | -1.6% |
每股收益（稀释后）AWKRXO
| Q4 25 | $1.22 | $-0.28 | ||
| Q3 25 | $1.94 | $-0.08 | ||
| Q2 25 | $1.48 | $-0.05 | ||
| Q1 25 | $1.05 | $-0.18 | ||
| Q4 24 | $1.22 | $-0.17 | ||
| Q3 24 | $1.80 | $-1.81 | ||
| Q2 24 | $1.42 | $-0.06 | ||
| Q1 24 | $0.95 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $12.8B | $387.0M |
| 股东权益账面价值 | $10.8B | $1.5B |
| 总资产 | $35.4B | $3.3B |
| 负债/权益比越低杠杆越低 | 1.18× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资AWKRXO
| Q4 25 | $98.0M | $17.0M | ||
| Q3 25 | $166.0M | $25.0M | ||
| Q2 25 | $94.0M | $18.0M | ||
| Q1 25 | $114.0M | $16.0M | ||
| Q4 24 | $96.0M | $35.0M | ||
| Q3 24 | $127.0M | $55.0M | ||
| Q2 24 | $48.0M | $7.0M | ||
| Q1 24 | $584.0M | $7.0M |
总债务AWKRXO
| Q4 25 | $12.8B | $387.0M | ||
| Q3 25 | $13.0B | $387.0M | ||
| Q2 25 | $12.3B | $387.0M | ||
| Q1 25 | $13.3B | $387.0M | ||
| Q4 24 | $12.5B | $351.0M | ||
| Q3 24 | $12.6B | $352.0M | ||
| Q2 24 | $12.6B | $370.0M | ||
| Q1 24 | $12.6B | $351.0M |
股东权益AWKRXO
| Q4 25 | $10.8B | $1.5B | ||
| Q3 25 | $10.9B | $1.6B | ||
| Q2 25 | $10.7B | $1.6B | ||
| Q1 25 | $10.5B | $1.6B | ||
| Q4 24 | $10.3B | $1.6B | ||
| Q3 24 | $10.4B | $1.7B | ||
| Q2 24 | $10.2B | $579.0M | ||
| Q1 24 | $10.0B | $582.0M |
总资产AWKRXO
| Q4 25 | $35.4B | $3.3B | ||
| Q3 25 | $34.7B | $3.2B | ||
| Q2 25 | $33.9B | $3.2B | ||
| Q1 25 | $33.2B | $3.3B | ||
| Q4 24 | $32.8B | $3.4B | ||
| Q3 24 | $31.8B | $3.4B | ||
| Q2 24 | $31.2B | $1.8B | ||
| Q1 24 | $31.1B | $1.8B |
负债/权益比AWKRXO
| Q4 25 | 1.18× | 0.25× | ||
| Q3 25 | 1.19× | 0.24× | ||
| Q2 25 | 1.15× | 0.24× | ||
| Q1 25 | 1.26× | 0.24× | ||
| Q4 24 | 1.21× | 0.22× | ||
| Q3 24 | 1.21× | 0.21× | ||
| Q2 24 | 1.24× | 0.64× | ||
| Q1 24 | 1.26× | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | -30.3% | -0.6% |
| 资本支出强度资本支出/营收 | 82.5% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流AWKRXO
| Q4 25 | $663.0M | $7.0M | ||
| Q3 25 | $764.0M | $23.0M | ||
| Q2 25 | $301.0M | $23.0M | ||
| Q1 25 | $331.0M | $-2.0M | ||
| Q4 24 | $639.0M | $-7.0M | ||
| Q3 24 | $679.0M | $-7.0M | ||
| Q2 24 | $345.0M | $-5.0M | ||
| Q1 24 | $382.0M | $7.0M |
自由现金流AWKRXO
| Q4 25 | $-385.0M | $-9.0M | ||
| Q3 25 | $-33.0M | $9.0M | ||
| Q2 25 | $-432.0M | $9.0M | ||
| Q1 25 | $-217.0M | $-17.0M | ||
| Q4 24 | $-255.0M | $-19.0M | ||
| Q3 24 | $-4.0M | $-18.0M | ||
| Q2 24 | $-325.0M | $-16.0M | ||
| Q1 24 | $-227.0M | $-4.0M |
自由现金流率AWKRXO
| Q4 25 | -30.3% | -0.6% | ||
| Q3 25 | -2.3% | 0.6% | ||
| Q2 25 | -34.0% | 0.6% | ||
| Q1 25 | -19.1% | -1.2% | ||
| Q4 24 | -21.2% | -1.1% | ||
| Q3 24 | -0.3% | -1.7% | ||
| Q2 24 | -28.5% | -1.7% | ||
| Q1 24 | -22.6% | -0.4% |
资本支出强度AWKRXO
| Q4 25 | 82.5% | 1.1% | ||
| Q3 25 | 54.8% | 1.0% | ||
| Q2 25 | 57.6% | 1.0% | ||
| Q1 25 | 48.3% | 1.0% | ||
| Q4 24 | 74.4% | 0.7% | ||
| Q3 24 | 51.4% | 1.1% | ||
| Q2 24 | 58.8% | 1.2% | ||
| Q1 24 | 60.7% | 1.2% |
现金转化率AWKRXO
| Q4 25 | 2.79× | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 1.61× | — | ||
| Q4 24 | 2.67× | — | ||
| Q3 24 | 1.94× | — | ||
| Q2 24 | 1.25× | — | ||
| Q1 24 | 2.06× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
