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American Water Works（AWK）与Veralto（VLTO）财务数据对比。点击上方公司名可切换其他公司
Veralto的季度营收约是American Water Works的1.1倍（$1.4B vs $1.3B），American Water Works净利率更高（18.7% vs 17.9%，领先0.9%），Veralto同比增速更快（6.8% vs 5.8%），Veralto自由现金流更多（$170.0M vs $-385.0M），过去两年American Water Works的营收复合增速更高（12.6% vs 6.8%）
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。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
AWK vs VLTO — 直观对比
营收规模更大
VLTO
是对方的1.1倍
$1.3B
营收增速更快
VLTO
高出0.9%
5.8%
净利率更高
AWK
高出0.9%
17.9%
自由现金流更多
VLTO
多$555.0M
$-385.0M
两年增速更快
AWK
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.4B |
| 净利润 | $238.0M | $254.0M |
| 毛利率 | — | 60.1% |
| 营业利润率 | 31.9% | 23.8% |
| 净利率 | 18.7% | 17.9% |
| 营收同比 | 5.8% | 6.8% |
| 净利润同比 | -0.4% | 12.9% |
| 每股收益（稀释后） | $1.22 | $1.02 |
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AWKVLTO
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B |
净利润AWKVLTO
| Q1 26 | — | $254.0M | ||
| Q4 25 | $238.0M | $239.0M | ||
| Q3 25 | $379.0M | $222.0M | ||
| Q2 25 | $289.0M | $225.0M | ||
| Q1 25 | $205.0M | — | ||
| Q4 24 | $239.0M | $227.0M | ||
| Q3 24 | $350.0M | $219.0M | ||
| Q2 24 | $277.0M | $203.0M |
毛利率AWKVLTO
| Q1 26 | — | 60.1% | ||
| Q4 25 | — | 60.1% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 60.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 59.6% | ||
| Q3 24 | — | 59.6% | ||
| Q2 24 | — | 60.1% |
营业利润率AWKVLTO
| Q1 26 | — | 23.8% | ||
| Q4 25 | 31.9% | 23.2% | ||
| Q3 25 | 42.2% | 22.8% | ||
| Q2 25 | 38.4% | 24.2% | ||
| Q1 25 | 32.7% | — | ||
| Q4 24 | 33.3% | 22.9% | ||
| Q3 24 | 40.9% | 23.4% | ||
| Q2 24 | 39.4% | 23.2% |
净利率AWKVLTO
| Q1 26 | — | 17.9% | ||
| Q4 25 | 18.7% | 17.0% | ||
| Q3 25 | 26.1% | 16.2% | ||
| Q2 25 | 22.7% | 16.9% | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 19.9% | 16.9% | ||
| Q3 24 | 26.4% | 16.7% | ||
| Q2 24 | 24.3% | 15.8% |
每股收益（稀释后）AWKVLTO
| Q1 26 | — | $1.02 | ||
| Q4 25 | $1.22 | $0.95 | ||
| Q3 25 | $1.94 | $0.89 | ||
| Q2 25 | $1.48 | $0.90 | ||
| Q1 25 | $1.05 | — | ||
| Q4 24 | $1.22 | $0.91 | ||
| Q3 24 | $1.80 | $0.88 | ||
| Q2 24 | $1.42 | $0.81 |
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 | — |
| 总债务越低越好 | $12.8B | — |
| 股东权益账面价值 | $10.8B | — |
| 总资产 | $35.4B | — |
| 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AWKVLTO
| Q1 26 | — | — | ||
| Q4 25 | $98.0M | $1.8B | ||
| Q3 25 | $166.0M | $1.6B | ||
| Q2 25 | $94.0M | $1.2B | ||
| Q1 25 | $114.0M | — | ||
| Q4 24 | $96.0M | $1.1B | ||
| Q3 24 | $127.0M | $1.3B | ||
| Q2 24 | $48.0M | $1.0B |
总债务AWKVLTO
| Q1 26 | — | — | ||
| Q4 25 | $12.8B | $2.7B | ||
| Q3 25 | $13.0B | $2.7B | ||
| Q2 25 | $12.3B | $2.6B | ||
| Q1 25 | $13.3B | — | ||
| Q4 24 | $12.5B | $2.6B | ||
| Q3 24 | $12.6B | $2.6B | ||
| Q2 24 | $12.6B | $2.6B |
股东权益AWKVLTO
| Q1 26 | — | — | ||
| Q4 25 | $10.8B | $2.8B | ||
| Q3 25 | $10.9B | $2.7B | ||
| Q2 25 | $10.7B | $2.3B | ||
| Q1 25 | $10.5B | — | ||
| Q4 24 | $10.3B | $2.0B | ||
| Q3 24 | $10.4B | $2.0B | ||
| Q2 24 | $10.2B | $1.7B |
总资产AWKVLTO
| Q1 26 | — | — | ||
| Q4 25 | $35.4B | $7.4B | ||
| Q3 25 | $34.7B | $7.2B | ||
| Q2 25 | $33.9B | $6.6B | ||
| Q1 25 | $33.2B | — | ||
| Q4 24 | $32.8B | $6.4B | ||
| Q3 24 | $31.8B | $6.3B | ||
| Q2 24 | $31.2B | $5.9B |
负债/权益比AWKVLTO
| Q1 26 | — | — | ||
| Q4 25 | 1.18× | 0.94× | ||
| Q3 25 | 1.19× | 1.01× | ||
| Q2 25 | 1.15× | 1.14× | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.21× | 1.28× | ||
| Q3 24 | 1.21× | 1.35× | ||
| Q2 24 | 1.24× | 1.57× |
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 | $182.0M |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $170.0M |
| 自由现金流率自由现金流/营收 | -30.3% | 12.0% |
| 资本支出强度资本支出/营收 | 82.5% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.79× | 0.72× |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $893.0M |
8季度趋势，按日历期对齐
经营现金流AWKVLTO
| Q1 26 | — | $182.0M | ||
| Q4 25 | $663.0M | $270.0M | ||
| Q3 25 | $764.0M | $339.0M | ||
| Q2 25 | $301.0M | $157.0M | ||
| Q1 25 | $331.0M | — | ||
| Q4 24 | $639.0M | $285.0M | ||
| Q3 24 | $679.0M | $224.0M | ||
| Q2 24 | $345.0M | $251.0M |
自由现金流AWKVLTO
| Q1 26 | — | $170.0M | ||
| Q4 25 | $-385.0M | $258.0M | ||
| Q3 25 | $-33.0M | $323.0M | ||
| Q2 25 | $-432.0M | $142.0M | ||
| Q1 25 | $-217.0M | — | ||
| Q4 24 | $-255.0M | $263.0M | ||
| Q3 24 | $-4.0M | $215.0M | ||
| Q2 24 | $-325.0M | $240.0M |
自由现金流率AWKVLTO
| Q1 26 | — | 12.0% | ||
| Q4 25 | -30.3% | 18.4% | ||
| Q3 25 | -2.3% | 23.6% | ||
| Q2 25 | -34.0% | 10.7% | ||
| Q1 25 | -19.1% | — | ||
| Q4 24 | -21.2% | 19.6% | ||
| Q3 24 | -0.3% | 16.4% | ||
| Q2 24 | -28.5% | 18.6% |
资本支出强度AWKVLTO
| Q1 26 | — | 0.8% | ||
| Q4 25 | 82.5% | 0.9% | ||
| Q3 25 | 54.8% | 1.2% | ||
| Q2 25 | 57.6% | 1.1% | ||
| Q1 25 | 48.3% | — | ||
| Q4 24 | 74.4% | 1.6% | ||
| Q3 24 | 51.4% | 0.7% | ||
| Q2 24 | 58.8% | 0.9% |
现金转化率AWKVLTO
| Q1 26 | — | 0.72× | ||
| Q4 25 | 2.79× | 1.13× | ||
| Q3 25 | 2.02× | 1.53× | ||
| Q2 25 | 1.04× | 0.70× | ||
| Q1 25 | 1.61× | — | ||
| Q4 24 | 2.67× | 1.26× | ||
| Q3 24 | 1.94× | 1.02× | ||
| Q2 24 | 1.25× | 1.24× |
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% |
VLTO
暂无分部数据
