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AMERICAN STATES WATER CO（AWR）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
六旗的季度营收约是AMERICAN STATES WATER CO的1.4倍（$225.6M vs $164.3M），AMERICAN STATES WATER CO净利率更高（17.5% vs -119.0%，领先136.5%），AMERICAN STATES WATER CO同比增速更快（14.8% vs 11.7%）
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。
六旗娱乐是总部位于美国北卡罗来纳州夏洛特的游乐园运营企业，由雪松会与原六旗公司于2024年7月1日对等合并而成，是全球最大的区域性游乐园运营商。旗下共运营42个场地，包含27座游乐园、15座水上乐园，配套9处 onsite 度假物业。
AWR vs FUN — 直观对比
营收规模更大
FUN
是对方的1.4倍
$164.3M
营收增速更快
AWR
高出3.1%
11.7%
净利率更高
AWR
高出136.5%
-119.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $164.3M | $225.6M |
| 净利润 | $28.7M | $-268.6M |
| 毛利率 | 88.9% | — |
| 营业利润率 | 27.4% | — |
| 净利率 | 17.5% | -119.0% |
| 营收同比 | 14.8% | 11.7% |
| 净利润同比 | 1.1% | -22.2% |
| 每股收益（稀释后） | $0.74 | — |
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AWRFUN
| Q1 26 | — | $225.6M | ||
| Q4 25 | $164.3M | $650.1M | ||
| Q3 25 | $182.7M | $1.3B | ||
| Q2 25 | $163.1M | $930.4M | ||
| Q1 25 | $148.0M | $202.1M | ||
| Q4 24 | $143.1M | — | ||
| Q3 24 | $161.8M | $1.3B | ||
| Q2 24 | $155.3M | $571.6M |
净利润AWRFUN
| Q1 26 | — | $-268.6M | ||
| Q4 25 | $28.7M | $-92.4M | ||
| Q3 25 | $41.2M | $-1.2B | ||
| Q2 25 | $33.7M | $-99.6M | ||
| Q1 25 | $26.8M | $-219.7M | ||
| Q4 24 | $28.4M | — | ||
| Q3 24 | $35.8M | $111.0M | ||
| Q2 24 | $31.9M | $55.6M |
毛利率AWRFUN
| Q1 26 | — | — | ||
| Q4 25 | 88.9% | 91.4% | ||
| Q3 25 | 91.0% | 91.6% | ||
| Q2 25 | 92.1% | 91.3% | ||
| Q1 25 | 91.3% | 89.3% | ||
| Q4 24 | 92.4% | — | ||
| Q3 24 | 92.7% | 91.9% | ||
| Q2 24 | 89.6% | 90.7% |
营业利润率AWRFUN
| Q1 26 | — | — | ||
| Q4 25 | 27.4% | -3.8% | ||
| Q3 25 | 33.8% | -83.7% | ||
| Q2 25 | 31.3% | 8.0% | ||
| Q1 25 | 30.8% | -158.9% | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 34.0% | 19.5% | ||
| Q2 24 | 33.3% | 21.6% |
净利率AWRFUN
| Q1 26 | — | -119.0% | ||
| Q4 25 | 17.5% | -14.2% | ||
| Q3 25 | 22.5% | -90.1% | ||
| Q2 25 | 20.7% | -10.7% | ||
| Q1 25 | 18.1% | -108.7% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 22.1% | 8.2% | ||
| Q2 24 | 20.5% | 9.7% |
每股收益（稀释后）AWRFUN
| Q1 26 | — | — | ||
| Q4 25 | $0.74 | $-0.93 | ||
| Q3 25 | $1.06 | $-11.77 | ||
| Q2 25 | $0.87 | $-0.99 | ||
| Q1 25 | $0.70 | $-2.20 | ||
| Q4 24 | $0.75 | — | ||
| Q3 24 | $0.95 | $1.10 | ||
| Q2 24 | $0.85 | — |
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 | $116.5M |
| 总债务越低越好 | $782.7M | — |
| 股东权益账面价值 | $1.0B | $279.2M |
| 总资产 | $2.7B | $7.7B |
| 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AWRFUN
| Q1 26 | — | $116.5M | ||
| Q4 25 | $18.8M | $91.1M | ||
| Q3 25 | $26.1M | $70.7M | ||
| Q2 25 | $20.2M | $107.4M | ||
| Q1 25 | $21.2M | $61.5M | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $16.5M | $89.7M | ||
| Q2 24 | $3.6M | $52.9M |
总债务AWRFUN
| Q1 26 | — | — | ||
| Q4 25 | $782.7M | $5.2B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $2.3B |
股东权益AWRFUN
| Q1 26 | — | $279.2M | ||
| Q4 25 | $1.0B | $549.8M | ||
| Q3 25 | $1.0B | $614.3M | ||
| Q2 25 | $972.5M | $1.8B | ||
| Q1 25 | $956.4M | $1.8B | ||
| Q4 24 | $920.1M | — | ||
| Q3 24 | $879.5M | $2.3B | ||
| Q2 24 | $833.5M | — |
总资产AWRFUN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $2.7B | $7.8B | ||
| Q3 25 | $2.7B | $7.9B | ||
| Q2 25 | $2.6B | $9.5B | ||
| Q1 25 | $2.5B | $9.2B | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.4B | $9.4B | ||
| Q2 24 | $2.3B | $2.3B |
负债/权益比AWRFUN
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 9.40× | ||
| Q3 25 | — | 8.16× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 2.75× | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | — | 1.95× | ||
| Q2 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 | — |
| 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× | — |
| 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AWRFUN
| Q1 26 | — | — | ||
| Q4 25 | $27.7M | $-37.7M | ||
| Q3 25 | $92.4M | $356.2M | ||
| Q2 25 | $64.6M | $187.0M | ||
| Q1 25 | $45.1M | $-178.0M | ||
| Q4 24 | $64.5M | — | ||
| Q3 24 | $63.7M | $337.4M | ||
| Q2 24 | $24.7M | — |
自由现金流AWRFUN
| Q1 26 | — | — | ||
| Q4 25 | $-36.0M | $-109.3M | ||
| Q3 25 | $37.7M | $256.2M | ||
| Q2 25 | $13.7M | $18.8M | ||
| Q1 25 | $-22.5M | $-318.0M | ||
| Q4 24 | $6.0M | — | ||
| Q3 24 | $-478.0K | $227.7M | ||
| Q2 24 | $-37.0M | — |
自由现金流率AWRFUN
| Q1 26 | — | — | ||
| Q4 25 | -21.9% | -16.8% | ||
| Q3 25 | 20.7% | 19.4% | ||
| Q2 25 | 8.4% | 2.0% | ||
| Q1 25 | -15.2% | -157.4% | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | -0.3% | 16.9% | ||
| Q2 24 | -23.8% | — |
资本支出强度AWRFUN
| Q1 26 | — | — | ||
| Q4 25 | 38.8% | 11.0% | ||
| Q3 25 | 29.9% | 7.6% | ||
| Q2 25 | 31.2% | 18.1% | ||
| Q1 25 | 45.6% | 69.3% | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 39.7% | 8.1% | ||
| Q2 24 | 39.8% | — |
现金转化率AWRFUN
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | — | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 2.27× | — | ||
| Q3 24 | 1.78× | 3.04× | ||
| Q2 24 | 0.78× | — |
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% |
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
