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American Water Works（AWK）与Zoom Communications, Inc.（ZM）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Zoom Communications, Inc.的1.0倍（$1.3B vs $1.2B），Zoom Communications, Inc.净利率更高（49.8% vs 18.7%，领先31.1%），American Water Works同比增速更快（5.8% vs 4.4%），Zoom Communications, Inc.自由现金流更多（$614.3M vs $-385.0M），过去两年American Water Works的营收复合增速更高（12.6% vs 3.6%）
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。
Zoom是总部位于美国加利福尼亚州圣何塞的通信技术企业，旗下核心产品Zoom视频会议软件全球普及度极高，可为企业及个人用户提供高清稳定的远程音视频沟通、线上会议、协同办公等一站式数字化协作解决方案。
AWK vs ZM — 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1.4%
4.4%
净利率更高
ZM
高出31.1%
18.7%
自由现金流更多
ZM
多$999.3M
$-385.0M
两年增速更快
AWK
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $238.0M | $612.9M |
| 毛利率 | — | 77.9% |
| 营业利润率 | 31.9% | 25.2% |
| 净利率 | 18.7% | 49.8% |
| 营收同比 | 5.8% | 4.4% |
| 净利润同比 | -0.4% | 196.0% |
| 每股收益（稀释后） | $1.22 | $2.01 |
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AWKZM
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.0B | $1.1B |
净利润AWKZM
| Q4 25 | $238.0M | $612.9M | ||
| Q3 25 | $379.0M | $358.6M | ||
| Q2 25 | $289.0M | $254.6M | ||
| Q1 25 | $205.0M | $367.9M | ||
| Q4 24 | $239.0M | $207.1M | ||
| Q3 24 | $350.0M | $219.0M | ||
| Q2 24 | $277.0M | $216.3M | ||
| Q1 24 | $185.0M | $298.8M |
毛利率AWKZM
| Q4 25 | — | 77.9% | ||
| Q3 25 | — | 77.6% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 75.7% | ||
| Q4 24 | — | 75.9% | ||
| Q3 24 | — | 75.5% | ||
| Q2 24 | — | 76.1% | ||
| Q1 24 | — | 75.9% |
营业利润率AWKZM
| Q4 25 | 31.9% | 25.2% | ||
| Q3 25 | 42.2% | 26.4% | ||
| Q2 25 | 38.4% | 20.6% | ||
| Q1 25 | 32.7% | 19.0% | ||
| Q4 24 | 33.3% | 15.5% | ||
| Q3 24 | 40.9% | 17.4% | ||
| Q2 24 | 39.4% | 17.8% | ||
| Q1 24 | 32.5% | 14.7% |
净利率AWKZM
| Q4 25 | 18.7% | 49.8% | ||
| Q3 25 | 26.1% | 29.5% | ||
| Q2 25 | 22.7% | 21.7% | ||
| Q1 25 | 18.1% | 31.1% | ||
| Q4 24 | 19.9% | 17.6% | ||
| Q3 24 | 26.4% | 18.8% | ||
| Q2 24 | 24.3% | 19.0% | ||
| Q1 24 | 18.4% | 26.1% |
每股收益（稀释后）AWKZM
| Q4 25 | $1.22 | $2.01 | ||
| Q3 25 | $1.94 | $1.16 | ||
| Q2 25 | $1.48 | $0.81 | ||
| Q1 25 | $1.05 | $1.16 | ||
| Q4 24 | $1.22 | $0.66 | ||
| Q3 24 | $1.80 | $0.70 | ||
| Q2 24 | $1.42 | $0.69 | ||
| Q1 24 | $0.95 | $0.98 |
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 | $1.2B |
| 总债务越低越好 | $12.8B | — |
| 股东权益账面价值 | $10.8B | $9.3B |
| 总资产 | $35.4B | $11.4B |
| 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AWKZM
| Q4 25 | $98.0M | $1.2B | ||
| Q3 25 | $166.0M | $1.2B | ||
| Q2 25 | $94.0M | $1.2B | ||
| Q1 25 | $114.0M | $1.3B | ||
| Q4 24 | $96.0M | $1.3B | ||
| Q3 24 | $127.0M | $1.5B | ||
| Q2 24 | $48.0M | $1.9B | ||
| Q1 24 | $584.0M | $1.6B |
总债务AWKZM
| 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AWKZM
| Q4 25 | $10.8B | $9.3B | ||
| Q3 25 | $10.9B | $9.0B | ||
| Q2 25 | $10.7B | $8.9B | ||
| Q1 25 | $10.5B | $8.9B | ||
| Q4 24 | $10.3B | $8.7B | ||
| Q3 24 | $10.4B | $8.5B | ||
| Q2 24 | $10.2B | $8.3B | ||
| Q1 24 | $10.0B | $8.0B |
总资产AWKZM
| Q4 25 | $35.4B | $11.4B | ||
| Q3 25 | $34.7B | $11.0B | ||
| Q2 25 | $33.9B | $11.0B | ||
| Q1 25 | $33.2B | $11.0B | ||
| Q4 24 | $32.8B | $10.7B | ||
| Q3 24 | $31.8B | $10.5B | ||
| Q2 24 | $31.2B | $10.3B | ||
| Q1 24 | $31.1B | $9.9B |
负债/权益比AWKZM
| 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 | $629.3M |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $614.3M |
| 自由现金流率自由现金流/营收 | -30.3% | 50.0% |
| 资本支出强度资本支出/营收 | 82.5% | 1.2% |
| 现金转化率经营现金流/净利润 | 2.79× | 1.03× |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $2.0B |
8季度趋势，按日历期对齐
经营现金流AWKZM
| Q4 25 | $663.0M | $629.3M | ||
| Q3 25 | $764.0M | $515.9M | ||
| Q2 25 | $301.0M | $489.3M | ||
| Q1 25 | $331.0M | $424.6M | ||
| Q4 24 | $639.0M | $483.2M | ||
| Q3 24 | $679.0M | $449.3M | ||
| Q2 24 | $345.0M | $588.2M | ||
| Q1 24 | $382.0M | $351.2M |
自由现金流AWKZM
| Q4 25 | $-385.0M | $614.3M | ||
| Q3 25 | $-33.0M | $508.0M | ||
| Q2 25 | $-432.0M | $463.4M | ||
| Q1 25 | $-217.0M | $416.2M | ||
| Q4 24 | $-255.0M | $457.7M | ||
| Q3 24 | $-4.0M | $365.1M | ||
| Q2 24 | $-325.0M | $569.7M | ||
| Q1 24 | $-227.0M | $332.7M |
自由现金流率AWKZM
| Q4 25 | -30.3% | 50.0% | ||
| Q3 25 | -2.3% | 41.7% | ||
| Q2 25 | -34.0% | 39.4% | ||
| Q1 25 | -19.1% | 35.2% | ||
| Q4 24 | -21.2% | 38.9% | ||
| Q3 24 | -0.3% | 31.4% | ||
| Q2 24 | -28.5% | 49.9% | ||
| Q1 24 | -22.6% | 29.0% |
资本支出强度AWKZM
| Q4 25 | 82.5% | 1.2% | ||
| Q3 25 | 54.8% | 0.7% | ||
| Q2 25 | 57.6% | 2.2% | ||
| Q1 25 | 48.3% | 0.7% | ||
| Q4 24 | 74.4% | 2.2% | ||
| Q3 24 | 51.4% | 7.2% | ||
| Q2 24 | 58.8% | 1.6% | ||
| Q1 24 | 60.7% | 1.6% |
现金转化率AWKZM
| Q4 25 | 2.79× | 1.03× | ||
| Q3 25 | 2.02× | 1.44× | ||
| Q2 25 | 1.04× | 1.92× | ||
| Q1 25 | 1.61× | 1.15× | ||
| Q4 24 | 2.67× | 2.33× | ||
| Q3 24 | 1.94× | 2.05× | ||
| Q2 24 | 1.25× | 2.72× | ||
| Q1 24 | 2.06× | 1.18× |
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% |
ZM
暂无分部数据
