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AMERICAN STATES WATER CO（AWR）与MP Materials Corp.（MP）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MP Materials Corp.的1.8倍（$164.3M vs $90.6M），AMERICAN STATES WATER CO净利率更高（17.5% vs -8.8%，领先26.3%），MP Materials Corp.同比增速更快（49.1% vs 14.8%），过去两年MP Materials Corp.的营收复合增速更高（70.3% 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。
MP Materials Corp.是总部位于美国的稀土材料生产商，拥有并运营加利福尼亚州芒廷帕斯矿，这是西半球唯一在产的稀土开采及加工设施，所产核心材料可广泛应用于电动汽车、风力发电机、国防工业等多个关键领域。
AWR vs MP — 直观对比
营收规模更大
AWR
是对方的1.8倍
$90.6M
营收增速更快
MP
高出34.3%
14.8%
净利率更高
AWR
高出26.3%
-8.8%
两年增速更快
MP
近两年复合增速
10.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $164.3M | $90.6M |
| 净利润 | $28.7M | $-8.0M |
| 毛利率 | 88.9% | — |
| 营业利润率 | 27.4% | — |
| 净利率 | 17.5% | -8.8% |
| 营收同比 | 14.8% | 49.1% |
| 净利润同比 | 1.1% | 64.8% |
| 每股收益（稀释后） | $0.74 | $-0.04 |
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AWRMP
| Q1 26 | — | $90.6M | ||
| Q4 25 | $164.3M | $52.7M | ||
| Q3 25 | $182.7M | $53.6M | ||
| Q2 25 | $163.1M | $57.4M | ||
| Q1 25 | $148.0M | $60.8M | ||
| Q4 24 | $143.1M | $61.0M | ||
| Q3 24 | $161.8M | $62.9M | ||
| Q2 24 | $155.3M | $31.3M |
净利润AWRMP
| Q1 26 | — | $-8.0M | ||
| Q4 25 | $28.7M | $9.4M | ||
| Q3 25 | $41.2M | $-41.8M | ||
| Q2 25 | $33.7M | $-30.9M | ||
| Q1 25 | $26.8M | $-22.6M | ||
| Q4 24 | $28.4M | $-22.3M | ||
| Q3 24 | $35.8M | $-25.5M | ||
| Q2 24 | $31.9M | $-34.1M |
毛利率AWRMP
| Q1 26 | — | — | ||
| Q4 25 | 88.9% | — | ||
| Q3 25 | 91.0% | — | ||
| Q2 25 | 92.1% | — | ||
| Q1 25 | 91.3% | — | ||
| Q4 24 | 92.4% | — | ||
| Q3 24 | 92.7% | — | ||
| Q2 24 | 89.6% | — |
营业利润率AWRMP
| Q1 26 | — | — | ||
| Q4 25 | 27.4% | -7.0% | ||
| Q3 25 | 33.8% | -125.2% | ||
| Q2 25 | 31.3% | -76.5% | ||
| Q1 25 | 30.8% | -57.2% | ||
| Q4 24 | 27.0% | -72.1% | ||
| Q3 24 | 34.0% | -62.8% | ||
| Q2 24 | 33.3% | -171.1% |
净利率AWRMP
| Q1 26 | — | -8.8% | ||
| Q4 25 | 17.5% | 17.9% | ||
| Q3 25 | 22.5% | -78.0% | ||
| Q2 25 | 20.7% | -53.8% | ||
| Q1 25 | 18.1% | -37.2% | ||
| Q4 24 | 19.9% | -36.6% | ||
| Q3 24 | 22.1% | -40.5% | ||
| Q2 24 | 20.5% | -108.9% |
每股收益（稀释后）AWRMP
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $0.74 | $0.07 | ||
| Q3 25 | $1.06 | $-0.24 | ||
| Q2 25 | $0.87 | $-0.19 | ||
| Q1 25 | $0.70 | $-0.14 | ||
| Q4 24 | $0.75 | $-0.12 | ||
| Q3 24 | $0.95 | $-0.16 | ||
| Q2 24 | $0.85 | $-0.21 |
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 | $1.7B |
| 总债务越低越好 | $782.7M | $1.0B |
| 股东权益账面价值 | $1.0B | $2.0B |
| 总资产 | $2.7B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资AWRMP
| Q1 26 | — | $1.7B | ||
| Q4 25 | $18.8M | $1.2B | ||
| Q3 25 | $26.1M | $1.1B | ||
| Q2 25 | $20.2M | $261.5M | ||
| Q1 25 | $21.2M | $198.3M | ||
| Q4 24 | $26.7M | $282.4M | ||
| Q3 24 | $16.5M | $284.4M | ||
| Q2 24 | $3.6M | $295.6M |
总债务AWRMP
| Q1 26 | — | $1.0B | ||
| Q4 25 | $782.7M | $998.7M | ||
| Q3 25 | — | $997.3M | ||
| Q2 25 | — | $910.8M | ||
| Q1 25 | — | $909.8M | ||
| Q4 24 | $640.4M | $908.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益AWRMP
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $1.0B | $2.0B | ||
| Q2 25 | $972.5M | $1.0B | ||
| Q1 25 | $956.4M | $1.0B | ||
| Q4 24 | $920.1M | $1.1B | ||
| Q3 24 | $879.5M | $1.1B | ||
| Q2 24 | $833.5M | $1.1B |
总资产AWRMP
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.7B | $3.9B | ||
| Q3 25 | $2.7B | $3.8B | ||
| Q2 25 | $2.6B | $2.3B | ||
| Q1 25 | $2.5B | $2.4B | ||
| Q4 24 | $2.5B | $2.3B | ||
| Q3 24 | $2.4B | $2.3B | ||
| Q2 24 | $2.3B | $2.4B |
负债/权益比AWRMP
| Q1 26 | — | 0.51× | ||
| Q4 25 | 0.75× | 0.50× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | 0.70× | 0.86× | ||
| Q3 24 | — | — | ||
| 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 | $-1.9M |
| 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× | — |
| 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AWRMP
| Q1 26 | — | $-1.9M | ||
| Q4 25 | $27.7M | $-46.9M | ||
| Q3 25 | $92.4M | $-42.0M | ||
| Q2 25 | $64.6M | $-3.7M | ||
| Q1 25 | $45.1M | $-63.2M | ||
| Q4 24 | $64.5M | $30.5M | ||
| Q3 24 | $63.7M | $-6.8M | ||
| Q2 24 | $24.7M | $30.8M |
自由现金流AWRMP
| Q1 26 | — | — | ||
| Q4 25 | $-36.0M | $-109.3M | ||
| Q3 25 | $37.7M | $-92.5M | ||
| Q2 25 | $13.7M | $-32.7M | ||
| Q1 25 | $-22.5M | $-93.7M | ||
| Q4 24 | $6.0M | $-11.2M | ||
| Q3 24 | $-478.0K | $-53.3M | ||
| Q2 24 | $-37.0M | $-15.6M |
自由现金流率AWRMP
| Q1 26 | — | — | ||
| Q4 25 | -21.9% | -207.4% | ||
| Q3 25 | 20.7% | -172.8% | ||
| Q2 25 | 8.4% | -56.9% | ||
| Q1 25 | -15.2% | -154.0% | ||
| Q4 24 | 4.2% | -18.3% | ||
| Q3 24 | -0.3% | -84.7% | ||
| Q2 24 | -23.8% | -50.1% |
资本支出强度AWRMP
| Q1 26 | — | — | ||
| Q4 25 | 38.8% | 118.5% | ||
| Q3 25 | 29.9% | 94.3% | ||
| Q2 25 | 31.2% | 50.5% | ||
| Q1 25 | 45.6% | 50.1% | ||
| Q4 24 | 40.9% | 68.3% | ||
| Q3 24 | 39.7% | 73.8% | ||
| Q2 24 | 39.8% | 148.7% |
现金转化率AWRMP
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | -4.97× | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 2.27× | — | ||
| Q3 24 | 1.78× | — | ||
| 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% |
MP
| Materials Segment | $72.2M | 80% |
| Magnetics Segment | $21.1M | 23% |
