vs
American Water Works（AWK）与TRINET GROUP, INC.（TNET）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TRINET GROUP, INC.的1.0倍（$1.3B vs $1.2B），American Water Works同比增速更快（5.8% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-385.0M），过去两年American Water Works的营收复合增速更高（12.6% vs -0.6%）
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。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
AWK vs TNET — 直观对比
营收规模更大
AWK
是对方的1.0倍
$1.2B
营收增速更快
AWK
高出8.0%
-2.2%
自由现金流更多
TNET
多$428.0M
$-385.0M
两年增速更快
AWK
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $238.0M | — |
| 毛利率 | — | — |
| 营业利润率 | 31.9% | 0.1% |
| 净利率 | 18.7% | — |
| 营收同比 | 5.8% | -2.2% |
| 净利润同比 | -0.4% | — |
| 每股收益（稀释后） | $1.22 | $0.02 |
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AWKTNET
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $1.3B |
净利润AWKTNET
| Q4 25 | $238.0M | — | ||
| Q3 25 | $379.0M | $34.0M | ||
| Q2 25 | $289.0M | $37.0M | ||
| Q1 25 | $205.0M | $85.0M | ||
| Q4 24 | $239.0M | — | ||
| Q3 24 | $350.0M | $45.0M | ||
| Q2 24 | $277.0M | $60.0M | ||
| Q1 24 | $185.0M | $91.0M |
营业利润率AWKTNET
| Q4 25 | 31.9% | 0.1% | ||
| Q3 25 | 42.2% | 4.1% | ||
| Q2 25 | 38.4% | 4.1% | ||
| Q1 25 | 32.7% | 8.9% | ||
| Q4 24 | 33.3% | -2.9% | ||
| Q3 24 | 40.9% | 4.7% | ||
| Q2 24 | 39.4% | 6.5% | ||
| Q1 24 | 32.5% | 9.7% |
净利率AWKTNET
| Q4 25 | 18.7% | — | ||
| Q3 25 | 26.1% | 2.8% | ||
| Q2 25 | 22.7% | 3.0% | ||
| Q1 25 | 18.1% | 6.6% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 26.4% | 3.6% | ||
| Q2 24 | 24.3% | 4.9% | ||
| Q1 24 | 18.4% | 7.2% |
每股收益（稀释后）AWKTNET
| Q4 25 | $1.22 | $0.02 | ||
| Q3 25 | $1.94 | $0.70 | ||
| Q2 25 | $1.48 | $0.77 | ||
| Q1 25 | $1.05 | $1.71 | ||
| Q4 24 | $1.22 | $-0.44 | ||
| Q3 24 | $1.80 | $0.89 | ||
| Q2 24 | $1.42 | $1.20 | ||
| Q1 24 | $0.95 | $1.78 |
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 | $287.0M |
| 总债务越低越好 | $12.8B | — |
| 股东权益账面价值 | $10.8B | $54.0M |
| 总资产 | $35.4B | $3.8B |
| 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AWKTNET
| Q4 25 | $98.0M | $287.0M | ||
| Q3 25 | $166.0M | $321.0M | ||
| Q2 25 | $94.0M | $407.0M | ||
| Q1 25 | $114.0M | $349.0M | ||
| Q4 24 | $96.0M | $360.0M | ||
| Q3 24 | $127.0M | $301.0M | ||
| Q2 24 | $48.0M | $249.0M | ||
| Q1 24 | $584.0M | $383.0M |
总债务AWKTNET
| 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AWKTNET
| Q4 25 | $10.8B | $54.0M | ||
| Q3 25 | $10.9B | $110.0M | ||
| Q2 25 | $10.7B | $107.0M | ||
| Q1 25 | $10.5B | $63.0M | ||
| Q4 24 | $10.3B | $69.0M | ||
| Q3 24 | $10.4B | $129.0M | ||
| Q2 24 | $10.2B | $100.0M | ||
| Q1 24 | $10.0B | $143.0M |
总资产AWKTNET
| Q4 25 | $35.4B | $3.8B | ||
| Q3 25 | $34.7B | $3.4B | ||
| Q2 25 | $33.9B | $3.7B | ||
| Q1 25 | $33.2B | $3.8B | ||
| Q4 24 | $32.8B | $4.1B | ||
| Q3 24 | $31.8B | $3.7B | ||
| Q2 24 | $31.2B | $3.7B | ||
| Q1 24 | $31.1B | $4.0B |
负债/权益比AWKTNET
| 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 | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $43.0M |
| 自由现金流率自由现金流/营收 | -30.3% | 3.4% |
| 资本支出强度资本支出/营收 | 82.5% | 1.4% |
| 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 | $234.0M |
8季度趋势，按日历期对齐
经营现金流AWKTNET
| Q4 25 | $663.0M | $61.0M | ||
| Q3 25 | $764.0M | $72.0M | ||
| Q2 25 | $301.0M | $75.0M | ||
| Q1 25 | $331.0M | $95.0M | ||
| Q4 24 | $639.0M | $65.0M | ||
| Q3 24 | $679.0M | $84.0M | ||
| Q2 24 | $345.0M | $39.0M | ||
| Q1 24 | $382.0M | $91.0M |
自由现金流AWKTNET
| Q4 25 | $-385.0M | $43.0M | ||
| Q3 25 | $-33.0M | $55.0M | ||
| Q2 25 | $-432.0M | $57.0M | ||
| Q1 25 | $-217.0M | $79.0M | ||
| Q4 24 | $-255.0M | $47.0M | ||
| Q3 24 | $-4.0M | $59.0M | ||
| Q2 24 | $-325.0M | $22.0M | ||
| Q1 24 | $-227.0M | $73.0M |
自由现金流率AWKTNET
| Q4 25 | -30.3% | 3.4% | ||
| Q3 25 | -2.3% | 4.5% | ||
| Q2 25 | -34.0% | 4.6% | ||
| Q1 25 | -19.1% | 6.1% | ||
| Q4 24 | -21.2% | 3.7% | ||
| Q3 24 | -0.3% | 4.8% | ||
| Q2 24 | -28.5% | 1.8% | ||
| Q1 24 | -22.6% | 5.8% |
资本支出强度AWKTNET
| Q4 25 | 82.5% | 1.4% | ||
| Q3 25 | 54.8% | 1.4% | ||
| Q2 25 | 57.6% | 1.5% | ||
| Q1 25 | 48.3% | 1.2% | ||
| Q4 24 | 74.4% | 1.4% | ||
| Q3 24 | 51.4% | 2.0% | ||
| Q2 24 | 58.8% | 1.4% | ||
| Q1 24 | 60.7% | 1.4% |
现金转化率AWKTNET
| Q4 25 | 2.79× | — | ||
| Q3 25 | 2.02× | 2.12× | ||
| Q2 25 | 1.04× | 2.03× | ||
| Q1 25 | 1.61× | 1.12× | ||
| Q4 24 | 2.67× | — | ||
| Q3 24 | 1.94× | 1.87× | ||
| Q2 24 | 1.25× | 0.65× | ||
| Q1 24 | 2.06× | 1.00× |
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% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
