vs
AMERICAN STATES WATER CO（AWR）与Consolidated Water Co. Ltd.（CWCO）财务数据对比。点击上方公司名可切换其他公司
AMERICAN STATES WATER CO的季度营收约是Consolidated Water Co. Ltd.的5.5倍（$164.3M vs $29.6M）。AMERICAN STATES WATER CO净利率更高（17.5% vs 10.3%，领先7.2%）。AMERICAN STATES WATER CO同比增速更快（14.8% vs 4.4%）。Consolidated Water Co. Ltd.自由现金流更多（$3.4M vs $-36.0M）。过去两年AMERICAN STATES WATER CO的营收复合增速更高（10.2% vs -13.6%）
美国州水公司是美国的上市公用事业企业，通过旗下子公司在全美范围内提供自来水供应及污水处理相关服务，服务覆盖居民、商业及公共机构等多元客户群体，是当地水务服务领域的重要参与企业。
可口可乐联合装瓶公司总部位于美国北卡罗来纳州夏洛特市，是美国规模最大的独立可口可乐装瓶企业，主要承担可口可乐系列饮品的生产装瓶、仓储配送与市场销售业务，在美国本土饮品供应链中占据重要地位。
AWR vs CWCO — 直观对比
营收规模更大
AWR
是对方的5.5倍
$29.6M
营收增速更快
AWR
高出10.4%
4.4%
净利率更高
AWR
高出7.2%
10.3%
自由现金流更多
CWCO
多$39.4M
$-36.0M
两年增速更快
AWR
近两年复合增速
-13.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $164.3M | $29.6M |
| 净利润 | $28.7M | $3.0M |
| 毛利率 | 88.9% | 34.7% |
| 营业利润率 | 27.4% | 9.1% |
| 净利率 | 17.5% | 10.3% |
| 营收同比 | 14.8% | 4.4% |
| 净利润同比 | 1.1% | 91.5% |
| 每股收益（稀释后） | $0.74 | $0.18 |
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AWRCWCO
| Q4 25 | $164.3M | $29.6M | ||
| Q3 25 | $182.7M | $35.1M | ||
| Q2 25 | $163.1M | $33.6M | ||
| Q1 25 | $148.0M | $33.7M | ||
| Q4 24 | $143.1M | $28.4M | ||
| Q3 24 | $161.8M | $33.4M | ||
| Q2 24 | $155.3M | $32.5M | ||
| Q1 24 | $135.3M | $39.7M |
净利润AWRCWCO
| Q4 25 | $28.7M | $3.0M | ||
| Q3 25 | $41.2M | $5.5M | ||
| Q2 25 | $33.7M | $5.1M | ||
| Q1 25 | $26.8M | $4.8M | ||
| Q4 24 | $28.4M | $1.6M | ||
| Q3 24 | $35.8M | $4.5M | ||
| Q2 24 | $31.9M | $15.9M | ||
| Q1 24 | $23.1M | $6.5M |
毛利率AWRCWCO
| Q4 25 | 88.9% | 34.7% | ||
| Q3 25 | 91.0% | 36.9% | ||
| Q2 25 | 92.1% | 38.2% | ||
| Q1 25 | 91.3% | 36.5% | ||
| Q4 24 | 92.4% | 29.9% | ||
| Q3 24 | 92.7% | 34.8% | ||
| Q2 24 | 89.6% | 35.8% | ||
| Q1 24 | 88.4% | 35.0% |
营业利润率AWRCWCO
| Q4 25 | 27.4% | 9.1% | ||
| Q3 25 | 33.8% | 16.4% | ||
| Q2 25 | 31.3% | 15.7% | ||
| Q1 25 | 30.8% | 13.7% | ||
| Q4 24 | 27.0% | 3.8% | ||
| Q3 24 | 34.0% | 14.6% | ||
| Q2 24 | 33.3% | 15.4% | ||
| Q1 24 | 28.8% | 18.4% |
净利率AWRCWCO
| Q4 25 | 17.5% | 10.3% | ||
| Q3 25 | 22.5% | 15.8% | ||
| Q2 25 | 20.7% | 15.2% | ||
| Q1 25 | 18.1% | 14.2% | ||
| Q4 24 | 19.9% | 5.6% | ||
| Q3 24 | 22.1% | 13.3% | ||
| Q2 24 | 20.5% | 48.8% | ||
| Q1 24 | 17.1% | 16.3% |
每股收益（稀释后）AWRCWCO
| Q4 25 | $0.74 | $0.18 | ||
| Q3 25 | $1.06 | $0.34 | ||
| Q2 25 | $0.87 | $0.32 | ||
| Q1 25 | $0.70 | $0.30 | ||
| Q4 24 | $0.75 | $0.10 | ||
| Q3 24 | $0.95 | $0.28 | ||
| Q2 24 | $0.85 | $0.99 | ||
| Q1 24 | $0.62 | $0.40 |
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 | $18.8M | $123.8M |
| 总债务越低越好 | $782.7M | — |
| 股东权益账面价值 | $1.0B | $221.7M |
| 总资产 | $2.7B | $257.6M |
| 负债/权益比越低杠杆越低 | 0.75× | — |
8季度趋势，按日历期对齐
现金及短期投资AWRCWCO
| Q4 25 | $18.8M | $123.8M | ||
| Q3 25 | $26.1M | $123.6M | ||
| Q2 25 | $20.2M | $112.2M | ||
| Q1 25 | $21.2M | $107.9M | ||
| Q4 24 | $26.7M | $99.4M | ||
| Q3 24 | $16.5M | $104.9M | ||
| Q2 24 | $3.6M | $96.7M | ||
| Q1 24 | $17.0M | $46.2M |
总债务AWRCWCO
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AWRCWCO
| Q4 25 | $1.0B | $221.7M | ||
| Q3 25 | $1.0B | $220.4M | ||
| Q2 25 | $972.5M | $216.6M | ||
| Q1 25 | $956.4M | $213.3M | ||
| Q4 24 | $920.1M | $210.0M | ||
| Q3 24 | $879.5M | $209.8M | ||
| Q2 24 | $833.5M | $206.7M | ||
| Q1 24 | $800.5M | $192.1M |
总资产AWRCWCO
| Q4 25 | $2.7B | $257.6M | ||
| Q3 25 | $2.7B | $257.2M | ||
| Q2 25 | $2.6B | $257.5M | ||
| Q1 25 | $2.5B | $250.4M | ||
| Q4 24 | $2.5B | $243.3M | ||
| Q3 24 | $2.4B | $238.4M | ||
| Q2 24 | $2.3B | $235.2M | ||
| Q1 24 | $2.3B | $223.2M |
负债/权益比AWRCWCO
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $27.7M | $5.8M |
| 自由现金流经营现金流 - 资本支出 | $-36.0M | $3.4M |
| 自由现金流率自由现金流/营收 | -21.9% | 11.4% |
| 资本支出强度资本支出/营收 | 38.8% | 8.1% |
| 现金转化率经营现金流/净利润 | 0.96× | 1.90× |
| 过去12个月自由现金流最近4个季度 | $-7.1M | $33.2M |
8季度趋势，按日历期对齐
经营现金流AWRCWCO
| Q4 25 | $27.7M | $5.8M | ||
| Q3 25 | $92.4M | $15.4M | ||
| Q2 25 | $64.6M | $8.8M | ||
| Q1 25 | $45.1M | $11.8M | ||
| Q4 24 | $64.5M | $-742.0K | ||
| Q3 24 | $63.7M | $10.4M | ||
| Q2 24 | $24.7M | $21.0M | ||
| Q1 24 | $45.8M | $6.0M |
自由现金流AWRCWCO
| Q4 25 | $-36.0M | $3.4M | ||
| Q3 25 | $37.7M | $13.5M | ||
| Q2 25 | $13.7M | $6.1M | ||
| Q1 25 | $-22.5M | $10.2M | ||
| Q4 24 | $6.0M | $-3.7M | ||
| Q3 24 | $-478.0K | $8.3M | ||
| Q2 24 | $-37.0M | $19.8M | ||
| Q1 24 | $-1.7M | $5.4M |
自由现金流率AWRCWCO
| Q4 25 | -21.9% | 11.4% | ||
| Q3 25 | 20.7% | 38.4% | ||
| Q2 25 | 8.4% | 18.3% | ||
| Q1 25 | -15.2% | 30.1% | ||
| Q4 24 | 4.2% | -13.0% | ||
| Q3 24 | -0.3% | 24.9% | ||
| Q2 24 | -23.8% | 60.8% | ||
| Q1 24 | -1.3% | 13.7% |
资本支出强度AWRCWCO
| Q4 25 | 38.8% | 8.1% | ||
| Q3 25 | 29.9% | 5.5% | ||
| Q2 25 | 31.2% | 7.8% | ||
| Q1 25 | 45.6% | 4.7% | ||
| Q4 24 | 40.9% | 10.4% | ||
| Q3 24 | 39.7% | 6.1% | ||
| Q2 24 | 39.8% | 3.7% | ||
| Q1 24 | 35.2% | 1.3% |
现金转化率AWRCWCO
| Q4 25 | 0.96× | 1.90× | ||
| Q3 25 | 2.24× | 2.79× | ||
| Q2 25 | 1.92× | 1.72× | ||
| Q1 25 | 1.68× | 2.45× | ||
| Q4 24 | 2.27× | -0.47× | ||
| Q3 24 | 1.78× | 2.32× | ||
| Q2 24 | 0.78× | 1.32× | ||
| Q1 24 | 1.98× | 0.92× |
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
AWR
| Water Service Utility Operations | $110.0M | 67% |
| Public Utilities Inventory Water | $22.3M | 14% |
| Wastewater | $15.9M | 10% |
| Electric Service Utility Operations | $15.2M | 9% |
CWCO
| Services Revenues | $10.5M | 35% |
| Transferred At Point In Time | $8.5M | 29% |
| Operations And Maintenance | $8.4M | 28% |
| Transferred Over Time | $1.9M | 7% |
