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American Water Works（AWK）与Zscaler, Inc.（ZS）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Zscaler, Inc.的1.6倍（$1.3B vs $788.1M），American Water Works净利率更高（18.7% vs -1.5%，领先20.2%），Zscaler, Inc.同比增速更快（25.5% vs 5.8%），Zscaler, Inc.自由现金流更多（$431.0M vs $-385.0M），过去两年Zscaler, Inc.的营收复合增速更高（22.5% 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。
Zscaler是总部位于美国加利福尼亚州圣何塞的云安全企业，专注提供云原生安全服务，为全球各行业企业的网络系统与数据资产提供全方位防护，助力企业在数字化运营过程中抵御各类安全风险，保障业务稳定开展。
AWK vs ZS — 直观对比
营收规模更大
AWK
是对方的1.6倍
$788.1M
营收增速更快
ZS
高出19.7%
5.8%
净利率更高
AWK
高出20.2%
-1.5%
自由现金流更多
ZS
多$816.0M
$-385.0M
两年增速更快
ZS
近两年复合增速
12.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $788.1M |
| 净利润 | $238.0M | $-11.6M |
| 毛利率 | — | 76.6% |
| 营业利润率 | 31.9% | -4.6% |
| 净利率 | 18.7% | -1.5% |
| 营收同比 | 5.8% | 25.5% |
| 净利润同比 | -0.4% | 3.6% |
| 每股收益（稀释后） | $1.22 | $-0.07 |
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AWKZS
| Q4 25 | $1.3B | $788.1M | ||
| Q3 25 | $1.5B | $719.2M | ||
| Q2 25 | $1.3B | $678.0M | ||
| Q1 25 | $1.1B | $647.9M | ||
| Q4 24 | $1.2B | $628.0M | ||
| Q3 24 | $1.3B | $592.9M | ||
| Q2 24 | $1.1B | $553.2M | ||
| Q1 24 | $1.0B | $525.0M |
净利润AWKZS
| Q4 25 | $238.0M | $-11.6M | ||
| Q3 25 | $379.0M | $-17.6M | ||
| Q2 25 | $289.0M | $-4.1M | ||
| Q1 25 | $205.0M | $-7.7M | ||
| Q4 24 | $239.0M | $-12.1M | ||
| Q3 24 | $350.0M | $-14.9M | ||
| Q2 24 | $277.0M | $19.1M | ||
| Q1 24 | $185.0M | $-28.5M |
毛利率AWKZS
| Q4 25 | — | 76.6% | ||
| Q3 25 | — | 76.1% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 77.5% | ||
| Q3 24 | — | 78.0% | ||
| Q2 24 | — | 78.6% | ||
| Q1 24 | — | 77.7% |
营业利润率AWKZS
| Q4 25 | 31.9% | -4.6% | ||
| Q3 25 | 42.2% | -4.5% | ||
| Q2 25 | 38.4% | -3.7% | ||
| Q1 25 | 32.7% | -6.2% | ||
| Q4 24 | 33.3% | -4.9% | ||
| Q3 24 | 40.9% | -4.5% | ||
| Q2 24 | 39.4% | -0.5% | ||
| Q1 24 | 32.5% | -8.7% |
净利率AWKZS
| Q4 25 | 18.7% | -1.5% | ||
| Q3 25 | 26.1% | -2.4% | ||
| Q2 25 | 22.7% | -0.6% | ||
| Q1 25 | 18.1% | -1.2% | ||
| Q4 24 | 19.9% | -1.9% | ||
| Q3 24 | 26.4% | -2.5% | ||
| Q2 24 | 24.3% | 3.5% | ||
| Q1 24 | 18.4% | -5.4% |
每股收益（稀释后）AWKZS
| Q4 25 | $1.22 | $-0.07 | ||
| Q3 25 | $1.94 | $-0.11 | ||
| Q2 25 | $1.48 | $-0.03 | ||
| Q1 25 | $1.05 | $-0.05 | ||
| Q4 24 | $1.22 | $-0.08 | ||
| Q3 24 | $1.80 | $-0.09 | ||
| Q2 24 | $1.42 | $0.12 | ||
| Q1 24 | $0.95 | $-0.19 |
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 | $1.3B |
| 总债务越低越好 | $12.8B | — |
| 股东权益账面价值 | $10.8B | $2.0B |
| 总资产 | $35.4B | $6.5B |
| 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AWKZS
| Q4 25 | $98.0M | $1.3B | ||
| Q3 25 | $166.0M | $2.4B | ||
| Q2 25 | $94.0M | $2.0B | ||
| Q1 25 | $114.0M | $1.8B | ||
| Q4 24 | $96.0M | $1.6B | ||
| Q3 24 | $127.0M | $1.4B | ||
| Q2 24 | $48.0M | $1.3B | ||
| Q1 24 | $584.0M | $1.4B |
总债务AWKZS
| Q4 25 | $12.8B | — | ||
| Q3 25 | $13.0B | — | ||
| Q2 25 | $12.3B | $1.1B | ||
| Q1 25 | $13.3B | $1.1B | ||
| Q4 24 | $12.5B | $1.1B | ||
| Q3 24 | $12.6B | $1.1B | ||
| Q2 24 | $12.6B | $1.1B | ||
| Q1 24 | $12.6B | $1.1B |
股东权益AWKZS
| Q4 25 | $10.8B | $2.0B | ||
| Q3 25 | $10.9B | $1.8B | ||
| Q2 25 | $10.7B | $1.8B | ||
| Q1 25 | $10.5B | $1.6B | ||
| Q4 24 | $10.3B | $1.4B | ||
| Q3 24 | $10.4B | $1.3B | ||
| Q2 24 | $10.2B | $1.1B | ||
| Q1 24 | $10.0B | $958.9M |
总资产AWKZS
| Q4 25 | $35.4B | $6.5B | ||
| Q3 25 | $34.7B | $6.4B | ||
| Q2 25 | $33.9B | $5.3B | ||
| Q1 25 | $33.2B | $5.0B | ||
| Q4 24 | $32.8B | $4.7B | ||
| Q3 24 | $31.8B | $4.7B | ||
| Q2 24 | $31.2B | $4.2B | ||
| Q1 24 | $31.1B | $3.9B |
负债/权益比AWKZS
| Q4 25 | 1.18× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.15× | 0.64× | ||
| Q1 25 | 1.26× | 0.71× | ||
| Q4 24 | 1.21× | 0.80× | ||
| Q3 24 | 1.21× | 0.90× | ||
| Q2 24 | 1.24× | 1.04× | ||
| Q1 24 | 1.26× | 1.19× |
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 | $448.3M |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $431.0M |
| 自由现金流率自由现金流/营收 | -30.3% | 54.7% |
| 资本支出强度资本支出/营收 | 82.5% | 2.2% |
| 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 | $924.9M |
8季度趋势，按日历期对齐
经营现金流AWKZS
| Q4 25 | $663.0M | $448.3M | ||
| Q3 25 | $764.0M | $250.6M | ||
| Q2 25 | $301.0M | $211.1M | ||
| Q1 25 | $331.0M | $179.4M | ||
| Q4 24 | $639.0M | $331.3M | ||
| Q3 24 | $679.0M | $203.6M | ||
| Q2 24 | $345.0M | $173.4M | ||
| Q1 24 | $382.0M | $142.1M |
自由现金流AWKZS
| Q4 25 | $-385.0M | $431.0M | ||
| Q3 25 | $-33.0M | $190.6M | ||
| Q2 25 | $-432.0M | $138.9M | ||
| Q1 25 | $-217.0M | $164.4M | ||
| Q4 24 | $-255.0M | $314.3M | ||
| Q3 24 | $-4.0M | $154.2M | ||
| Q2 24 | $-325.0M | $137.8M | ||
| Q1 24 | $-227.0M | $111.2M |
自由现金流率AWKZS
| Q4 25 | -30.3% | 54.7% | ||
| Q3 25 | -2.3% | 26.5% | ||
| Q2 25 | -34.0% | 20.5% | ||
| Q1 25 | -19.1% | 25.4% | ||
| Q4 24 | -21.2% | 50.1% | ||
| Q3 24 | -0.3% | 26.0% | ||
| Q2 24 | -28.5% | 24.9% | ||
| Q1 24 | -22.6% | 21.2% |
资本支出强度AWKZS
| Q4 25 | 82.5% | 2.2% | ||
| Q3 25 | 54.8% | 8.3% | ||
| Q2 25 | 57.6% | 10.6% | ||
| Q1 25 | 48.3% | 2.3% | ||
| Q4 24 | 74.4% | 2.7% | ||
| Q3 24 | 51.4% | 8.3% | ||
| Q2 24 | 58.8% | 6.4% | ||
| Q1 24 | 60.7% | 5.9% |
现金转化率AWKZS
| Q4 25 | 2.79× | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 1.61× | — | ||
| Q4 24 | 2.67× | — | ||
| Q3 24 | 1.94× | — | ||
| Q2 24 | 1.25× | 9.07× | ||
| Q1 24 | 2.06× | — |
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% |
ZS
暂无分部数据
