vs
American Water Works（AWK）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
American Water Works的季度营收约是泰瑞达的1.2倍（$1.3B vs $1.1B），泰瑞达净利率更高（23.7% vs 18.7%，领先5.0%），泰瑞达同比增速更快（43.9% vs 5.8%），泰瑞达自由现金流更多（$218.8M vs $-385.0M），过去两年泰瑞达的营收复合增速更高（34.4% 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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
AWK vs TER — 直观对比
营收规模更大
AWK
是对方的1.2倍
$1.1B
营收增速更快
TER
高出38.1%
5.8%
净利率更高
TER
高出5.0%
18.7%
自由现金流更多
TER
多$603.8M
$-385.0M
两年增速更快
TER
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 | $257.2M |
| 毛利率 | — | 57.2% |
| 营业利润率 | 31.9% | 27.1% |
| 净利率 | 18.7% | 23.7% |
| 营收同比 | 5.8% | 43.9% |
| 净利润同比 | -0.4% | 75.9% |
| 每股收益（稀释后） | $1.22 | $1.62 |
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AWKTER
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.5B | $769.2M | ||
| Q2 25 | $1.3B | $651.8M | ||
| Q1 25 | $1.1B | $685.7M | ||
| Q4 24 | $1.2B | $752.9M | ||
| Q3 24 | $1.3B | $737.3M | ||
| Q2 24 | $1.1B | $729.9M | ||
| Q1 24 | $1.0B | $599.8M |
净利润AWKTER
| Q4 25 | $238.0M | $257.2M | ||
| Q3 25 | $379.0M | $119.6M | ||
| Q2 25 | $289.0M | $78.4M | ||
| Q1 25 | $205.0M | $98.9M | ||
| Q4 24 | $239.0M | $146.3M | ||
| Q3 24 | $350.0M | $145.6M | ||
| Q2 24 | $277.0M | $186.3M | ||
| Q1 24 | $185.0M | $64.2M |
毛利率AWKTER
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 59.2% | ||
| Q2 24 | — | 58.3% | ||
| Q1 24 | — | 56.6% |
营业利润率AWKTER
| Q4 25 | 31.9% | 27.1% | ||
| Q3 25 | 42.2% | 18.9% | ||
| Q2 25 | 38.4% | 13.9% | ||
| Q1 25 | 32.7% | 17.6% | ||
| Q4 24 | 33.3% | 20.4% | ||
| Q3 24 | 40.9% | 20.6% | ||
| Q2 24 | 39.4% | 28.8% | ||
| Q1 24 | 32.5% | 13.0% |
净利率AWKTER
| Q4 25 | 18.7% | 23.7% | ||
| Q3 25 | 26.1% | 15.5% | ||
| Q2 25 | 22.7% | 12.0% | ||
| Q1 25 | 18.1% | 14.4% | ||
| Q4 24 | 19.9% | 19.4% | ||
| Q3 24 | 26.4% | 19.8% | ||
| Q2 24 | 24.3% | 25.5% | ||
| Q1 24 | 18.4% | 10.7% |
每股收益（稀释后）AWKTER
| Q4 25 | $1.22 | $1.62 | ||
| Q3 25 | $1.94 | $0.75 | ||
| Q2 25 | $1.48 | $0.49 | ||
| Q1 25 | $1.05 | $0.61 | ||
| Q4 24 | $1.22 | $0.89 | ||
| Q3 24 | $1.80 | $0.89 | ||
| Q2 24 | $1.42 | $1.14 | ||
| Q1 24 | $0.95 | $0.40 |
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 | $293.8M |
| 总债务越低越好 | $12.8B | — |
| 股东权益账面价值 | $10.8B | $2.8B |
| 总资产 | $35.4B | $4.2B |
| 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AWKTER
| Q4 25 | $98.0M | $293.8M | ||
| Q3 25 | $166.0M | $272.7M | ||
| Q2 25 | $94.0M | $339.3M | ||
| Q1 25 | $114.0M | $475.6M | ||
| Q4 24 | $96.0M | $553.4M | ||
| Q3 24 | $127.0M | $510.0M | ||
| Q2 24 | $48.0M | $421.9M | ||
| Q1 24 | $584.0M | $707.4M |
总债务AWKTER
| 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AWKTER
| Q4 25 | $10.8B | $2.8B | ||
| Q3 25 | $10.9B | $2.7B | ||
| Q2 25 | $10.7B | $2.8B | ||
| Q1 25 | $10.5B | $2.8B | ||
| Q4 24 | $10.3B | $2.8B | ||
| Q3 24 | $10.4B | $2.9B | ||
| Q2 24 | $10.2B | $2.7B | ||
| Q1 24 | $10.0B | $2.6B |
总资产AWKTER
| Q4 25 | $35.4B | $4.2B | ||
| Q3 25 | $34.7B | $4.0B | ||
| Q2 25 | $33.9B | $3.8B | ||
| Q1 25 | $33.2B | $3.7B | ||
| Q4 24 | $32.8B | $3.7B | ||
| Q3 24 | $31.8B | $3.8B | ||
| Q2 24 | $31.2B | $3.6B | ||
| Q1 24 | $31.1B | $3.4B |
负债/权益比AWKTER
| 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 | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $218.8M |
| 自由现金流率自由现金流/营收 | -30.3% | 20.2% |
| 资本支出强度资本支出/营收 | 82.5% | 5.8% |
| 现金转化率经营现金流/净利润 | 2.79× | 1.09× |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $450.4M |
8季度趋势，按日历期对齐
经营现金流AWKTER
| Q4 25 | $663.0M | $281.6M | ||
| Q3 25 | $764.0M | $49.0M | ||
| Q2 25 | $301.0M | $182.1M | ||
| Q1 25 | $331.0M | $161.6M | ||
| Q4 24 | $639.0M | $282.6M | ||
| Q3 24 | $679.0M | $166.3M | ||
| Q2 24 | $345.0M | $216.1M | ||
| Q1 24 | $382.0M | $7.3M |
自由现金流AWKTER
| Q4 25 | $-385.0M | $218.8M | ||
| Q3 25 | $-33.0M | $2.4M | ||
| Q2 25 | $-432.0M | $131.7M | ||
| Q1 25 | $-217.0M | $97.6M | ||
| Q4 24 | $-255.0M | $225.2M | ||
| Q3 24 | $-4.0M | $114.4M | ||
| Q2 24 | $-325.0M | $171.2M | ||
| Q1 24 | $-227.0M | $-36.7M |
自由现金流率AWKTER
| Q4 25 | -30.3% | 20.2% | ||
| Q3 25 | -2.3% | 0.3% | ||
| Q2 25 | -34.0% | 20.2% | ||
| Q1 25 | -19.1% | 14.2% | ||
| Q4 24 | -21.2% | 29.9% | ||
| Q3 24 | -0.3% | 15.5% | ||
| Q2 24 | -28.5% | 23.5% | ||
| Q1 24 | -22.6% | -6.1% |
资本支出强度AWKTER
| Q4 25 | 82.5% | 5.8% | ||
| Q3 25 | 54.8% | 6.1% | ||
| Q2 25 | 57.6% | 7.7% | ||
| Q1 25 | 48.3% | 9.3% | ||
| Q4 24 | 74.4% | 7.6% | ||
| Q3 24 | 51.4% | 7.0% | ||
| Q2 24 | 58.8% | 6.1% | ||
| Q1 24 | 60.7% | 7.3% |
现金转化率AWKTER
| Q4 25 | 2.79× | 1.09× | ||
| Q3 25 | 2.02× | 0.41× | ||
| Q2 25 | 1.04× | 2.32× | ||
| Q1 25 | 1.61× | 1.63× | ||
| Q4 24 | 2.67× | 1.93× | ||
| Q3 24 | 1.94× | 1.14× | ||
| Q2 24 | 1.25× | 1.16× | ||
| Q1 24 | 2.06× | 0.11× |
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% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
