vs
American Water Works（AWK）与赛莱默（XYL）财务数据对比。点击上方公司名可切换其他公司
赛莱默的季度营收约是American Water Works的1.7倍（$2.1B vs $1.3B），American Water Works净利率更高（18.7% vs 8.9%，领先9.8%），American Water Works同比增速更快（5.8% vs 2.7%），过去两年American Water Works的营收复合增速更高（12.6% vs -1.0%）
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。
该文本为植物学对木质部的定义说明，并非赛莱默公司（Xylem Inc.）的企业业务介绍。Xylem Inc.是一家专注于水技术与解决方案的全球企业，提供水务基础设施、水环境治理等相关设备与服务。
AWK vs XYL — 直观对比
营收规模更大
XYL
是对方的1.7倍
$1.3B
营收增速更快
AWK
高出3.1%
2.7%
净利率更高
AWK
高出9.8%
8.9%
两年增速更快
AWK
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.1B |
| 净利润 | $238.0M | $189.0M |
| 毛利率 | — | 37.8% |
| 营业利润率 | 31.9% | 11.5% |
| 净利率 | 18.7% | 8.9% |
| 营收同比 | 5.8% | 2.7% |
| 净利润同比 | -0.4% | 13.2% |
| 每股收益（稀释后） | $1.22 | $0.79 |
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AWKXYL
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.3B | $2.4B | ||
| Q3 25 | $1.5B | $2.3B | ||
| Q2 25 | $1.3B | $2.3B | ||
| Q1 25 | $1.1B | $2.1B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.1B | $2.2B |
净利润AWKXYL
| Q1 26 | — | $189.0M | ||
| Q4 25 | $238.0M | $335.0M | ||
| Q3 25 | $379.0M | $227.0M | ||
| Q2 25 | $289.0M | $226.0M | ||
| Q1 25 | $205.0M | $169.0M | ||
| Q4 24 | $239.0M | $326.0M | ||
| Q3 24 | $350.0M | $217.0M | ||
| Q2 24 | $277.0M | $194.0M |
毛利率AWKXYL
| Q1 26 | — | 37.8% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | — | 38.9% | ||
| Q2 25 | — | 38.8% | ||
| Q1 25 | — | 37.1% | ||
| Q4 24 | — | 38.0% | ||
| Q3 24 | — | 37.3% | ||
| Q2 24 | — | 37.8% |
营业利润率AWKXYL
| Q1 26 | — | 11.5% | ||
| Q4 25 | 31.9% | 14.7% | ||
| Q3 25 | 42.2% | 14.7% | ||
| Q2 25 | 38.4% | 13.3% | ||
| Q1 25 | 32.7% | 11.2% | ||
| Q4 24 | 33.3% | 11.8% | ||
| Q3 24 | 40.9% | 13.3% | ||
| Q2 24 | 39.4% | 11.7% |
净利率AWKXYL
| Q1 26 | — | 8.9% | ||
| Q4 25 | 18.7% | 14.0% | ||
| Q3 25 | 26.1% | 10.0% | ||
| Q2 25 | 22.7% | 9.8% | ||
| Q1 25 | 18.1% | 8.2% | ||
| Q4 24 | 19.9% | 14.5% | ||
| Q3 24 | 26.4% | 10.3% | ||
| Q2 24 | 24.3% | 8.9% |
每股收益（稀释后）AWKXYL
| Q1 26 | — | $0.79 | ||
| Q4 25 | $1.22 | $1.37 | ||
| Q3 25 | $1.94 | $0.93 | ||
| Q2 25 | $1.48 | $0.93 | ||
| Q1 25 | $1.05 | $0.69 | ||
| Q4 24 | $1.22 | $1.33 | ||
| Q3 24 | $1.80 | $0.89 | ||
| Q2 24 | $1.42 | $0.80 |
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 | $808.0M |
| 总债务越低越好 | $12.8B | $1.9B |
| 股东权益账面价值 | $10.8B | $11.0B |
| 总资产 | $35.4B | $17.0B |
| 负债/权益比越低杠杆越低 | 1.18× | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资AWKXYL
| Q1 26 | — | $808.0M | ||
| Q4 25 | $98.0M | $1.5B | ||
| Q3 25 | $166.0M | $1.2B | ||
| Q2 25 | $94.0M | $1.2B | ||
| Q1 25 | $114.0M | $1.1B | ||
| Q4 24 | $96.0M | $1.1B | ||
| Q3 24 | $127.0M | $989.0M | ||
| Q2 24 | $48.0M | $815.0M |
总债务AWKXYL
| Q1 26 | — | $1.9B | ||
| Q4 25 | $12.8B | $2.0B | ||
| Q3 25 | $13.0B | $2.0B | ||
| Q2 25 | $12.3B | $2.0B | ||
| Q1 25 | $13.3B | $2.0B | ||
| Q4 24 | $12.5B | $2.0B | ||
| Q3 24 | $12.6B | — | ||
| Q2 24 | $12.6B | — |
股东权益AWKXYL
| Q1 26 | — | $11.0B | ||
| Q4 25 | $10.8B | $11.5B | ||
| Q3 25 | $10.9B | $11.2B | ||
| Q2 25 | $10.7B | $11.1B | ||
| Q1 25 | $10.5B | $10.8B | ||
| Q4 24 | $10.3B | $10.6B | ||
| Q3 24 | $10.4B | $10.6B | ||
| Q2 24 | $10.2B | $10.3B |
总资产AWKXYL
| Q1 26 | — | $17.0B | ||
| Q4 25 | $35.4B | $17.6B | ||
| Q3 25 | $34.7B | $17.3B | ||
| Q2 25 | $33.9B | $17.2B | ||
| Q1 25 | $33.2B | $16.6B | ||
| Q4 24 | $32.8B | $16.5B | ||
| Q3 24 | $31.8B | $16.0B | ||
| Q2 24 | $31.2B | $15.8B |
负债/权益比AWKXYL
| Q1 26 | — | 0.18× | ||
| Q4 25 | 1.18× | 0.17× | ||
| Q3 25 | 1.19× | 0.18× | ||
| Q2 25 | 1.15× | 0.18× | ||
| Q1 25 | 1.26× | 0.19× | ||
| Q4 24 | 1.21× | 0.19× | ||
| Q3 24 | 1.21× | — | ||
| Q2 24 | 1.24× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | — |
| 自由现金流率自由现金流/营收 | -30.3% | — |
| 资本支出强度资本支出/营收 | 82.5% | 4.2% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AWKXYL
| Q1 26 | — | — | ||
| Q4 25 | $663.0M | $543.0M | ||
| Q3 25 | $764.0M | $360.0M | ||
| Q2 25 | $301.0M | $305.0M | ||
| Q1 25 | $331.0M | $33.0M | ||
| Q4 24 | $639.0M | $575.0M | ||
| Q3 24 | $679.0M | $311.0M | ||
| Q2 24 | $345.0M | $288.0M |
自由现金流AWKXYL
| Q1 26 | — | — | ||
| Q4 25 | $-385.0M | $460.0M | ||
| Q3 25 | $-33.0M | $281.0M | ||
| Q2 25 | $-432.0M | $207.0M | ||
| Q1 25 | $-217.0M | $-38.0M | ||
| Q4 24 | $-255.0M | $475.0M | ||
| Q3 24 | $-4.0M | $237.0M | ||
| Q2 24 | $-325.0M | $215.0M |
自由现金流率AWKXYL
| Q1 26 | — | — | ||
| Q4 25 | -30.3% | 19.2% | ||
| Q3 25 | -2.3% | 12.4% | ||
| Q2 25 | -34.0% | 9.0% | ||
| Q1 25 | -19.1% | -1.8% | ||
| Q4 24 | -21.2% | 21.1% | ||
| Q3 24 | -0.3% | 11.3% | ||
| Q2 24 | -28.5% | 9.9% |
资本支出强度AWKXYL
| Q1 26 | — | 4.2% | ||
| Q4 25 | 82.5% | 3.5% | ||
| Q3 25 | 54.8% | 3.5% | ||
| Q2 25 | 57.6% | 4.3% | ||
| Q1 25 | 48.3% | 3.4% | ||
| Q4 24 | 74.4% | 4.4% | ||
| Q3 24 | 51.4% | 3.5% | ||
| Q2 24 | 58.8% | 3.4% |
现金转化率AWKXYL
| Q1 26 | — | — | ||
| Q4 25 | 2.79× | 1.62× | ||
| Q3 25 | 2.02× | 1.59× | ||
| Q2 25 | 1.04× | 1.35× | ||
| Q1 25 | 1.61× | 0.20× | ||
| Q4 24 | 2.67× | 1.76× | ||
| Q3 24 | 1.94× | 1.43× | ||
| Q2 24 | 1.25× | 1.48× |
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% |
XYL
| Revenue from products | $1.8B | 83% |
| Revenue from services | $368.0M | 17% |
