vs
American Water Works（AWK）与TUTOR PERINI CORP（TPC）财务数据对比。点击上方公司名可切换其他公司
TUTOR PERINI CORP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 1.9%，领先16.8%），TUTOR PERINI CORP同比增速更快（41.2% vs 5.8%），TUTOR PERINI CORP自由现金流更多（$98.7M vs $-385.0M），过去两年TUTOR PERINI CORP的营收复合增速更高（19.9% 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。
Tutor Perini集团是美国顶尖的大型总承包商之一，2008年由Perini公司与Tutor-Saliba公司合并成立，总部位于加利福尼亚州西尔马。公司业务覆盖北美全境，2024年营收约43.3亿美元，核心业务涵盖桥梁、公路、隧道、机场、公共交通系统等民用基建项目，同时也涉足建筑工程领域。
AWK vs TPC — 直观对比
营收规模更大
TPC
是对方的1.2倍
$1.3B
营收增速更快
TPC
高出35.4%
5.8%
净利率更高
AWK
高出16.8%
1.9%
自由现金流更多
TPC
多$483.7M
$-385.0M
两年增速更快
TPC
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 | $28.8M |
| 毛利率 | — | 9.8% |
| 营业利润率 | 31.9% | 3.3% |
| 净利率 | 18.7% | 1.9% |
| 营收同比 | 5.8% | 41.2% |
| 净利润同比 | -0.4% | 136.3% |
| 每股收益（稀释后） | $1.22 | $0.53 |
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AWKTPC
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.0B | $1.0B |
净利润AWKTPC
| Q4 25 | $238.0M | $28.8M | ||
| Q3 25 | $379.0M | $3.6M | ||
| Q2 25 | $289.0M | $20.0M | ||
| Q1 25 | $205.0M | $28.0M | ||
| Q4 24 | $239.0M | $-79.4M | ||
| Q3 24 | $350.0M | $-100.9M | ||
| Q2 24 | $277.0M | $812.0K | ||
| Q1 24 | $185.0M | $15.8M |
毛利率AWKTPC
| Q4 25 | — | 9.8% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | -0.9% | ||
| Q3 24 | — | -2.4% | ||
| Q2 24 | — | 10.4% | ||
| Q1 24 | — | 11.0% |
营业利润率AWKTPC
| Q4 25 | 31.9% | 3.3% | ||
| Q3 25 | 42.2% | 2.8% | ||
| Q2 25 | 38.4% | 5.6% | ||
| Q1 25 | 32.7% | 5.2% | ||
| Q4 24 | 33.3% | -8.1% | ||
| Q3 24 | 40.9% | -9.9% | ||
| Q2 24 | 39.4% | 3.6% | ||
| Q1 24 | 32.5% | 4.7% |
净利率AWKTPC
| Q4 25 | 18.7% | 1.9% | ||
| Q3 25 | 26.1% | 0.3% | ||
| Q2 25 | 22.7% | 1.5% | ||
| Q1 25 | 18.1% | 2.2% | ||
| Q4 24 | 19.9% | -7.4% | ||
| Q3 24 | 26.4% | -9.3% | ||
| Q2 24 | 24.3% | 0.1% | ||
| Q1 24 | 18.4% | 1.5% |
每股收益（稀释后）AWKTPC
| Q4 25 | $1.22 | $0.53 | ||
| Q3 25 | $1.94 | $0.07 | ||
| Q2 25 | $1.48 | $0.38 | ||
| Q1 25 | $1.05 | $0.53 | ||
| Q4 24 | $1.22 | $-1.53 | ||
| Q3 24 | $1.80 | $-1.92 | ||
| Q2 24 | $1.42 | $0.02 | ||
| Q1 24 | $0.95 | $0.30 |
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 | $734.6M |
| 总债务越低越好 | $12.8B | $407.4M |
| 股东权益账面价值 | $10.8B | $1.2B |
| 总资产 | $35.4B | $5.2B |
| 负债/权益比越低杠杆越低 | 1.18× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资AWKTPC
| Q4 25 | $98.0M | $734.6M | ||
| Q3 25 | $166.0M | $695.7M | ||
| Q2 25 | $94.0M | $526.1M | ||
| Q1 25 | $114.0M | $276.5M | ||
| Q4 24 | $96.0M | $455.1M | ||
| Q3 24 | $127.0M | $287.4M | ||
| Q2 24 | $48.0M | $267.1M | ||
| Q1 24 | $584.0M | $358.3M |
总债务AWKTPC
| Q4 25 | $12.8B | $407.4M | ||
| Q3 25 | $13.0B | $413.1M | ||
| Q2 25 | $12.3B | $419.4M | ||
| Q1 25 | $13.3B | $405.6M | ||
| Q4 24 | $12.5B | $534.1M | ||
| Q3 24 | $12.6B | $681.4M | ||
| Q2 24 | $12.6B | $676.4M | ||
| Q1 24 | $12.6B | $801.2M |
股东权益AWKTPC
| Q4 25 | $10.8B | $1.2B | ||
| Q3 25 | $10.9B | $1.2B | ||
| Q2 25 | $10.7B | $1.2B | ||
| Q1 25 | $10.5B | $1.2B | ||
| Q4 24 | $10.3B | $1.1B | ||
| Q3 24 | $10.4B | $1.2B | ||
| Q2 24 | $10.2B | $1.3B | ||
| Q1 24 | $10.0B | $1.3B |
总资产AWKTPC
| Q4 25 | $35.4B | $5.2B | ||
| Q3 25 | $34.7B | $5.2B | ||
| Q2 25 | $33.9B | $4.9B | ||
| Q1 25 | $33.2B | $4.5B | ||
| Q4 24 | $32.8B | $4.2B | ||
| Q3 24 | $31.8B | $4.4B | ||
| Q2 24 | $31.2B | $4.3B | ||
| Q1 24 | $31.1B | $4.4B |
负债/权益比AWKTPC
| Q4 25 | 1.18× | 0.33× | ||
| Q3 25 | 1.19× | 0.35× | ||
| Q2 25 | 1.15× | 0.35× | ||
| Q1 25 | 1.26× | 0.35× | ||
| Q4 24 | 1.21× | 0.47× | ||
| Q3 24 | 1.21× | 0.56× | ||
| Q2 24 | 1.24× | 0.52× | ||
| Q1 24 | 1.26× | 0.61× |
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 | $173.7M |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $98.7M |
| 自由现金流率自由现金流/营收 | -30.3% | 6.5% |
| 资本支出强度资本支出/营收 | 82.5% | 5.0% |
| 现金转化率经营现金流/净利润 | 2.79× | 6.02× |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $567.2M |
8季度趋势，按日历期对齐
经营现金流AWKTPC
| Q4 25 | $663.0M | $173.7M | ||
| Q3 25 | $764.0M | $289.1M | ||
| Q2 25 | $301.0M | $262.4M | ||
| Q1 25 | $331.0M | $22.9M | ||
| Q4 24 | $639.0M | $329.6M | ||
| Q3 24 | $679.0M | $22.6M | ||
| Q2 24 | $345.0M | $53.1M | ||
| Q1 24 | $382.0M | $98.3M |
自由现金流AWKTPC
| Q4 25 | $-385.0M | $98.7M | ||
| Q3 25 | $-33.0M | $240.2M | ||
| Q2 25 | $-432.0M | $235.6M | ||
| Q1 25 | $-217.0M | $-7.2M | ||
| Q4 24 | $-255.0M | $320.4M | ||
| Q3 24 | $-4.0M | $15.6M | ||
| Q2 24 | $-325.0M | $42.2M | ||
| Q1 24 | $-227.0M | $87.8M |
自由现金流率AWKTPC
| Q4 25 | -30.3% | 6.5% | ||
| Q3 25 | -2.3% | 17.0% | ||
| Q2 25 | -34.0% | 17.1% | ||
| Q1 25 | -19.1% | -0.6% | ||
| Q4 24 | -21.2% | 30.0% | ||
| Q3 24 | -0.3% | 1.4% | ||
| Q2 24 | -28.5% | 3.7% | ||
| Q1 24 | -22.6% | 8.4% |
资本支出强度AWKTPC
| Q4 25 | 82.5% | 5.0% | ||
| Q3 25 | 54.8% | 3.5% | ||
| Q2 25 | 57.6% | 2.0% | ||
| Q1 25 | 48.3% | 2.4% | ||
| Q4 24 | 74.4% | 0.9% | ||
| Q3 24 | 51.4% | 0.6% | ||
| Q2 24 | 58.8% | 1.0% | ||
| Q1 24 | 60.7% | 1.0% |
现金转化率AWKTPC
| Q4 25 | 2.79× | 6.02× | ||
| Q3 25 | 2.02× | 79.63× | ||
| Q2 25 | 1.04× | 13.14× | ||
| Q1 25 | 1.61× | 0.82× | ||
| Q4 24 | 2.67× | — | ||
| Q3 24 | 1.94× | — | ||
| Q2 24 | 1.25× | 65.44× | ||
| Q1 24 | 2.06× | 6.24× |
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% |
TPC
| State And Local Agencies | $591.1M | 39% |
| Mass Transit | $449.9M | 30% |
| Federal Agencies | $115.0M | 8% |
| Bridges | $100.5M | 7% |
| Military Facilities | $93.1M | 6% |
| Commercial And Industrial Facilities | $46.7M | 3% |
| Detention Facilities | $43.8M | 3% |
| Power And Energy | $35.8M | 2% |
| Multi Unit Residential | $25.9M | 2% |
| Education Facilities | $12.0M | 1% |
| Water | $3.6M | 0% |
