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AMERICAN STATES WATER CO（AWR）与Doximity, Inc.（DOCS）财务数据对比。点击上方公司名可切换其他公司
Doximity, Inc.的季度营收约是AMERICAN STATES WATER CO的1.1倍（$185.1M vs $164.3M），Doximity, Inc.净利率更高（33.3% vs 17.5%，领先15.8%），AMERICAN STATES WATER CO同比增速更快（14.8% vs 9.8%），过去两年Doximity, Inc.的营收复合增速更高（25.2% vs 10.2%）
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。
Doximity Inc成立于2010年，是面向医疗专业人士的线上社交服务平台，为平台会员提供精选医疗资讯、远程医疗工具，以及病例协作相关功能，助力医疗从业者高效交流信息、开展诊疗相关工作。
AWR vs DOCS — 直观对比
营收规模更大
DOCS
是对方的1.1倍
$164.3M
营收增速更快
AWR
高出5.0%
9.8%
净利率更高
DOCS
高出15.8%
17.5%
两年增速更快
DOCS
近两年复合增速
10.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $164.3M | $185.1M |
| 净利润 | $28.7M | $61.6M |
| 毛利率 | 88.9% | 89.9% |
| 营业利润率 | 27.4% | 38.9% |
| 净利率 | 17.5% | 33.3% |
| 营收同比 | 14.8% | 9.8% |
| 净利润同比 | 1.1% | -18.1% |
| 每股收益（稀释后） | $0.74 | $0.31 |
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AWRDOCS
| Q4 25 | $164.3M | $185.1M | ||
| Q3 25 | $182.7M | $168.5M | ||
| Q2 25 | $163.1M | $145.9M | ||
| Q1 25 | $148.0M | $138.3M | ||
| Q4 24 | $143.1M | $168.6M | ||
| Q3 24 | $161.8M | $136.8M | ||
| Q2 24 | $155.3M | $126.7M | ||
| Q1 24 | $135.3M | $118.1M |
净利润AWRDOCS
| Q4 25 | $28.7M | $61.6M | ||
| Q3 25 | $41.2M | $62.1M | ||
| Q2 25 | $33.7M | $53.3M | ||
| Q1 25 | $26.8M | $62.5M | ||
| Q4 24 | $28.4M | $75.2M | ||
| Q3 24 | $35.8M | $44.2M | ||
| Q2 24 | $31.9M | $41.4M | ||
| Q1 24 | $23.1M | $40.6M |
毛利率AWRDOCS
| Q4 25 | 88.9% | 89.9% | ||
| Q3 25 | 91.0% | 90.3% | ||
| Q2 25 | 92.1% | 89.2% | ||
| Q1 25 | 91.3% | 89.5% | ||
| Q4 24 | 92.4% | 91.6% | ||
| Q3 24 | 92.7% | 90.0% | ||
| Q2 24 | 89.6% | 89.3% | ||
| Q1 24 | 88.4% | 89.4% |
营业利润率AWRDOCS
| Q4 25 | 27.4% | 38.9% | ||
| Q3 25 | 33.8% | 37.8% | ||
| Q2 25 | 31.3% | 37.4% | ||
| Q1 25 | 30.8% | 35.2% | ||
| Q4 24 | 27.0% | 47.4% | ||
| Q3 24 | 34.0% | 38.8% | ||
| Q2 24 | 33.3% | 36.4% | ||
| Q1 24 | 28.8% | 35.5% |
净利率AWRDOCS
| Q4 25 | 17.5% | 33.3% | ||
| Q3 25 | 22.5% | 36.8% | ||
| Q2 25 | 20.7% | 36.5% | ||
| Q1 25 | 18.1% | 45.2% | ||
| Q4 24 | 19.9% | 44.6% | ||
| Q3 24 | 22.1% | 32.3% | ||
| Q2 24 | 20.5% | 32.7% | ||
| Q1 24 | 17.1% | 34.4% |
每股收益（稀释后）AWRDOCS
| Q4 25 | $0.74 | $0.31 | ||
| Q3 25 | $1.06 | $0.31 | ||
| Q2 25 | $0.87 | $0.27 | ||
| Q1 25 | $0.70 | $0.31 | ||
| Q4 24 | $0.75 | $0.37 | ||
| Q3 24 | $0.95 | $0.22 | ||
| Q2 24 | $0.85 | $0.21 | ||
| Q1 24 | $0.62 | $0.20 |
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 | $64.8M |
| 总债务越低越好 | $782.7M | — |
| 股东权益账面价值 | $1.0B | $979.3M |
| 总资产 | $2.7B | $1.2B |
| 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AWRDOCS
| Q4 25 | $18.8M | $64.8M | ||
| Q3 25 | $26.1M | $169.2M | ||
| Q2 25 | $20.2M | $137.3M | ||
| Q1 25 | $21.2M | $209.6M | ||
| Q4 24 | $26.7M | $165.3M | ||
| Q3 24 | $16.5M | $184.2M | ||
| Q2 24 | $3.6M | $111.4M | ||
| Q1 24 | $17.0M | $96.8M |
总债务AWRDOCS
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AWRDOCS
| Q4 25 | $1.0B | $979.3M | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $972.5M | $1.0B | ||
| Q1 25 | $956.4M | $1.1B | ||
| Q4 24 | $920.1M | $1.0B | ||
| Q3 24 | $879.5M | $961.2M | ||
| Q2 24 | $833.5M | $913.6M | ||
| Q1 24 | $800.5M | $901.4M |
总资产AWRDOCS
| Q4 25 | $2.7B | $1.2B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.5B | $1.3B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $2.3B | $1.1B | ||
| Q1 24 | $2.3B | $1.1B |
负债/权益比AWRDOCS
| 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 | $60.9M |
| 自由现金流经营现金流 - 资本支出 | $-36.0M | — |
| 自由现金流率自由现金流/营收 | -21.9% | — |
| 资本支出强度资本支出/营收 | 38.8% | — |
| 现金转化率经营现金流/净利润 | 0.96× | 0.99× |
| 过去12个月自由现金流最近4个季度 | $-7.1M | — |
8季度趋势，按日历期对齐
经营现金流AWRDOCS
| Q4 25 | $27.7M | $60.9M | ||
| Q3 25 | $92.4M | $93.9M | ||
| Q2 25 | $64.6M | $62.1M | ||
| Q1 25 | $45.1M | $98.5M | ||
| Q4 24 | $64.5M | $65.2M | ||
| Q3 24 | $63.7M | $68.3M | ||
| Q2 24 | $24.7M | $41.2M | ||
| Q1 24 | $45.8M | $63.9M |
自由现金流AWRDOCS
| Q4 25 | $-36.0M | — | ||
| Q3 25 | $37.7M | — | ||
| Q2 25 | $13.7M | — | ||
| Q1 25 | $-22.5M | — | ||
| Q4 24 | $6.0M | — | ||
| Q3 24 | $-478.0K | — | ||
| Q2 24 | $-37.0M | — | ||
| Q1 24 | $-1.7M | — |
自由现金流率AWRDOCS
| Q4 25 | -21.9% | — | ||
| Q3 25 | 20.7% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | -15.2% | — | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | -23.8% | — | ||
| Q1 24 | -1.3% | — |
资本支出强度AWRDOCS
| Q4 25 | 38.8% | — | ||
| Q3 25 | 29.9% | — | ||
| Q2 25 | 31.2% | — | ||
| Q1 25 | 45.6% | 0.0% | ||
| Q4 24 | 40.9% | 0.0% | ||
| Q3 24 | 39.7% | 0.0% | ||
| Q2 24 | 39.8% | 0.0% | ||
| Q1 24 | 35.2% | 0.0% |
现金转化率AWRDOCS
| Q4 25 | 0.96× | 0.99× | ||
| Q3 25 | 2.24× | 1.51× | ||
| Q2 25 | 1.92× | 1.16× | ||
| Q1 25 | 1.68× | 1.58× | ||
| Q4 24 | 2.27× | 0.87× | ||
| Q3 24 | 1.78× | 1.55× | ||
| Q2 24 | 0.78× | 1.00× | ||
| Q1 24 | 1.98× | 1.57× |
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% |
DOCS
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
