vs
American Water Works（AWK）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
泰佩思琦的季度营收约是American Water Works的2.0倍（$2.5B vs $1.3B），泰佩思琦净利率更高（22.4% vs 18.7%，领先3.7%），泰佩思琦同比增速更快（14.0% vs 5.8%），泰佩思琦自由现金流更多（$1.0B vs $-385.0M），过去两年泰佩思琦的营收复合增速更高（29.9% 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。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
AWK vs TPR — 直观对比
营收规模更大
TPR
是对方的2.0倍
$1.3B
营收增速更快
TPR
高出8.2%
5.8%
净利率更高
TPR
高出3.7%
18.7%
自由现金流更多
TPR
多$1.4B
$-385.0M
两年增速更快
TPR
近两年复合增速
12.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.5B |
| 净利润 | $238.0M | $561.3M |
| 毛利率 | — | 75.5% |
| 营业利润率 | 31.9% | 28.6% |
| 净利率 | 18.7% | 22.4% |
| 营收同比 | 5.8% | 14.0% |
| 净利润同比 | -0.4% | 80.8% |
| 每股收益（稀释后） | $1.22 | $2.68 |
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AWKTPR
| Q4 25 | $1.3B | $2.5B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.0B | $1.5B |
净利润AWKTPR
| Q4 25 | $238.0M | $561.3M | ||
| Q3 25 | $379.0M | $274.8M | ||
| Q2 25 | $289.0M | $-517.1M | ||
| Q1 25 | $205.0M | $203.3M | ||
| Q4 24 | $239.0M | $310.4M | ||
| Q3 24 | $350.0M | $186.6M | ||
| Q2 24 | $277.0M | $159.3M | ||
| Q1 24 | $185.0M | $139.4M |
毛利率AWKTPR
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% | ||
| Q1 24 | — | 74.7% |
营业利润率AWKTPR
| Q4 25 | 31.9% | 28.6% | ||
| Q3 25 | 42.2% | 19.3% | ||
| Q2 25 | 38.4% | -33.9% | ||
| Q1 25 | 32.7% | 16.0% | ||
| Q4 24 | 33.3% | 22.4% | ||
| Q3 24 | 40.9% | 16.7% | ||
| Q2 24 | 39.4% | 14.8% | ||
| Q1 24 | 32.5% | 13.8% |
净利率AWKTPR
| Q4 25 | 18.7% | 22.4% | ||
| Q3 25 | 26.1% | 16.1% | ||
| Q2 25 | 22.7% | -30.0% | ||
| Q1 25 | 18.1% | 12.8% | ||
| Q4 24 | 19.9% | 14.1% | ||
| Q3 24 | 26.4% | 12.4% | ||
| Q2 24 | 24.3% | 10.0% | ||
| Q1 24 | 18.4% | 9.4% |
每股收益（稀释后）AWKTPR
| Q4 25 | $1.22 | $2.68 | ||
| Q3 25 | $1.94 | $1.28 | ||
| Q2 25 | $1.48 | $-2.30 | ||
| Q1 25 | $1.05 | $0.95 | ||
| Q4 24 | $1.22 | $1.38 | ||
| Q3 24 | $1.80 | $0.79 | ||
| Q2 24 | $1.42 | $0.67 | ||
| Q1 24 | $0.95 | $0.60 |
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 | $1.1B |
| 总债务越低越好 | $12.8B | $2.4B |
| 股东权益账面价值 | $10.8B | $551.2M |
| 总资产 | $35.4B | $6.5B |
| 负债/权益比越低杠杆越低 | 1.18× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资AWKTPR
| Q4 25 | $98.0M | $1.1B | ||
| Q3 25 | $166.0M | $743.2M | ||
| Q2 25 | $94.0M | $1.1B | ||
| Q1 25 | $114.0M | $1.1B | ||
| Q4 24 | $96.0M | $1.0B | ||
| Q3 24 | $127.0M | $7.3B | ||
| Q2 24 | $48.0M | $7.2B | ||
| Q1 24 | $584.0M | $7.4B |
总债务AWKTPR
| Q4 25 | $12.8B | $2.4B | ||
| Q3 25 | $13.0B | $2.4B | ||
| Q2 25 | $12.3B | $2.4B | ||
| Q1 25 | $13.3B | $2.4B | ||
| Q4 24 | $12.5B | $2.4B | ||
| Q3 24 | $12.6B | $7.0B | ||
| Q2 24 | $12.6B | $6.9B | ||
| Q1 24 | $12.6B | $7.7B |
股东权益AWKTPR
| Q4 25 | $10.8B | $551.2M | ||
| Q3 25 | $10.9B | $399.5M | ||
| Q2 25 | $10.7B | $857.8M | ||
| Q1 25 | $10.5B | $1.5B | ||
| Q4 24 | $10.3B | $1.3B | ||
| Q3 24 | $10.4B | $3.0B | ||
| Q2 24 | $10.2B | $2.9B | ||
| Q1 24 | $10.0B | $2.8B |
总资产AWKTPR
| Q4 25 | $35.4B | $6.5B | ||
| Q3 25 | $34.7B | $6.4B | ||
| Q2 25 | $33.9B | $6.6B | ||
| Q1 25 | $33.2B | $7.3B | ||
| Q4 24 | $32.8B | $7.3B | ||
| Q3 24 | $31.8B | $13.7B | ||
| Q2 24 | $31.2B | $13.4B | ||
| Q1 24 | $31.1B | $13.7B |
负债/权益比AWKTPR
| Q4 25 | 1.18× | 4.32× | ||
| Q3 25 | 1.19× | 5.95× | ||
| Q2 25 | 1.15× | 2.77× | ||
| Q1 25 | 1.26× | 1.59× | ||
| Q4 24 | 1.21× | 1.78× | ||
| Q3 24 | 1.21× | 2.35× | ||
| Q2 24 | 1.24× | 2.39× | ||
| Q1 24 | 1.26× | 2.77× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $1.0B |
| 自由现金流率自由现金流/营收 | -30.3% | 41.5% |
| 资本支出强度资本支出/营收 | 82.5% | 1.7% |
| 现金转化率经营现金流/净利润 | 2.79× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $1.6B |
8季度趋势，按日历期对齐
经营现金流AWKTPR
| Q4 25 | $663.0M | $1.1B | ||
| Q3 25 | $764.0M | $112.6M | ||
| Q2 25 | $301.0M | $446.8M | ||
| Q1 25 | $331.0M | $144.3M | ||
| Q4 24 | $639.0M | $506.0M | ||
| Q3 24 | $679.0M | $119.5M | ||
| Q2 24 | $345.0M | $256.0M | ||
| Q1 24 | $382.0M | $97.8M |
自由现金流AWKTPR
| Q4 25 | $-385.0M | $1.0B | ||
| Q3 25 | $-33.0M | $80.2M | ||
| Q2 25 | $-432.0M | $411.5M | ||
| Q1 25 | $-217.0M | $113.4M | ||
| Q4 24 | $-255.0M | $475.1M | ||
| Q3 24 | $-4.0M | $93.9M | ||
| Q2 24 | $-325.0M | $209.8M | ||
| Q1 24 | $-227.0M | $78.8M |
自由现金流率AWKTPR
| Q4 25 | -30.3% | 41.5% | ||
| Q3 25 | -2.3% | 4.7% | ||
| Q2 25 | -34.0% | 23.9% | ||
| Q1 25 | -19.1% | 7.2% | ||
| Q4 24 | -21.2% | 21.6% | ||
| Q3 24 | -0.3% | 6.2% | ||
| Q2 24 | -28.5% | 13.2% | ||
| Q1 24 | -22.6% | 5.3% |
资本支出强度AWKTPR
| Q4 25 | 82.5% | 1.7% | ||
| Q3 25 | 54.8% | 1.9% | ||
| Q2 25 | 57.6% | 2.0% | ||
| Q1 25 | 48.3% | 2.0% | ||
| Q4 24 | 74.4% | 1.4% | ||
| Q3 24 | 51.4% | 1.7% | ||
| Q2 24 | 58.8% | 2.9% | ||
| Q1 24 | 60.7% | 1.3% |
现金转化率AWKTPR
| Q4 25 | 2.79× | 1.93× | ||
| Q3 25 | 2.02× | 0.41× | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 1.61× | 0.71× | ||
| Q4 24 | 2.67× | 1.63× | ||
| Q3 24 | 1.94× | 0.64× | ||
| Q2 24 | 1.25× | 1.61× | ||
| Q1 24 | 2.06× | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
