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AMERICAN STATES WATER CO（AWR）与OCTAVE SPECIALTY GROUP INC（OSG）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OCTAVE SPECIALTY GROUP INC的1.6倍（$164.3M vs $104.2M），AMERICAN STATES WATER CO净利率更高（17.5% vs -6.6%，领先24.1%），OCTAVE SPECIALTY GROUP INC同比增速更快（66.0% vs 14.8%），过去两年OCTAVE SPECIALTY GROUP INC的营收复合增速更高（42.9% 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。
奥克塔夫专业集团是一家专业保险控股企业，主营定制化财产与意外伤害保险产品，核心业务聚焦超额剩余保险领域，为北美地区的商业及个人客户提供定制化风险保障解决方案。
AWR vs OSG — 直观对比
营收规模更大
AWR
是对方的1.6倍
$104.2M
营收增速更快
OSG
高出51.2%
14.8%
净利率更高
AWR
高出24.1%
-6.6%
两年增速更快
OSG
近两年复合增速
10.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $164.3M | $104.2M |
| 净利润 | $28.7M | $-6.9M |
| 毛利率 | 88.9% | — |
| 营业利润率 | 27.4% | — |
| 净利率 | 17.5% | -6.6% |
| 营收同比 | 14.8% | 66.0% |
| 净利润同比 | 1.1% | — |
| 每股收益（稀释后） | $0.74 | $-0.13 |
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AWROSG
| Q1 26 | — | $104.2M | ||
| Q4 25 | $164.3M | $66.9M | ||
| Q3 25 | $182.7M | $66.6M | ||
| Q2 25 | $163.1M | $55.0M | ||
| Q1 25 | $148.0M | $62.8M | ||
| Q4 24 | $143.1M | $65.2M | ||
| Q3 24 | $161.8M | $70.0M | ||
| Q2 24 | $155.3M | $51.0M |
净利润AWROSG
| Q1 26 | — | $-6.9M | ||
| Q4 25 | $28.7M | $-29.7M | ||
| Q3 25 | $41.2M | $-112.6M | ||
| Q2 25 | $33.7M | $-72.7M | ||
| Q1 25 | $26.8M | $-44.7M | ||
| Q4 24 | $28.4M | $-20.9M | ||
| Q3 24 | $35.8M | $-27.5M | ||
| Q2 24 | $31.9M | $-750.0K |
毛利率AWROSG
| 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AWROSG
| Q1 26 | — | — | ||
| Q4 25 | 27.4% | -76.7% | ||
| Q3 25 | 33.8% | -48.2% | ||
| Q2 25 | 31.3% | -41.8% | ||
| Q1 25 | 30.8% | -24.1% | ||
| Q4 24 | 27.0% | -55.5% | ||
| Q3 24 | 34.0% | -29.7% | ||
| Q2 24 | 33.3% | -28.9% |
净利率AWROSG
| Q1 26 | — | -6.6% | ||
| Q4 25 | 17.5% | -73.8% | ||
| Q3 25 | 22.5% | -169.1% | ||
| Q2 25 | 20.7% | -132.3% | ||
| Q1 25 | 18.1% | -71.3% | ||
| Q4 24 | 19.9% | -55.1% | ||
| Q3 24 | 22.1% | -39.3% | ||
| Q2 24 | 20.5% | -1.5% |
每股收益（稀释后）AWROSG
| Q1 26 | — | $-0.13 | ||
| Q4 25 | $0.74 | $-0.82 | ||
| Q3 25 | $1.06 | $-2.35 | ||
| Q2 25 | $0.87 | $-1.54 | ||
| Q1 25 | $0.70 | $-1.22 | ||
| Q4 24 | $0.75 | $-11.75 | ||
| Q3 24 | $0.95 | $-0.63 | ||
| Q2 24 | $0.85 | $-0.02 |
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 | — |
| 总债务越低越好 | $782.7M | $117.1M |
| 股东权益账面价值 | $1.0B | $833.6M |
| 总资产 | $2.7B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.14× |
8季度趋势，按日历期对齐
现金及短期投资AWROSG
| Q1 26 | — | — | ||
| Q4 25 | $18.8M | $146.4M | ||
| Q3 25 | $26.1M | $27.5M | ||
| Q2 25 | $20.2M | $22.5M | ||
| Q1 25 | $21.2M | $34.1M | ||
| Q4 24 | $26.7M | $157.2M | ||
| Q3 24 | $16.5M | $40.8M | ||
| Q2 24 | $3.6M | $14.6M |
总债务AWROSG
| Q1 26 | — | $117.1M | ||
| Q4 25 | $782.7M | $117.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | $0 | ||
| Q3 24 | — | $518.0M | ||
| Q2 24 | — | $515.0M |
股东权益AWROSG
| Q1 26 | — | $833.6M | ||
| Q4 25 | $1.0B | $715.8M | ||
| Q3 25 | $1.0B | $843.4M | ||
| Q2 25 | $972.5M | $859.8M | ||
| Q1 25 | $956.4M | $852.2M | ||
| Q4 24 | $920.1M | $798.4M | ||
| Q3 24 | $879.5M | $1.5B | ||
| Q2 24 | $833.5M | $1.4B |
总资产AWROSG
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.7B | $2.2B | ||
| Q3 25 | $2.7B | $2.1B | ||
| Q2 25 | $2.6B | $8.5B | ||
| Q1 25 | $2.5B | $8.3B | ||
| Q4 24 | $2.5B | $8.1B | ||
| Q3 24 | $2.4B | $9.3B | ||
| Q2 24 | $2.3B | $8.2B |
负债/权益比AWROSG
| Q1 26 | — | 0.14× | ||
| Q4 25 | 0.75× | 0.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | 0.00× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.38× |
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AWROSG
| Q1 26 | — | — | ||
| Q4 25 | $27.7M | $-52.3M | ||
| Q3 25 | $92.4M | $-41.2M | ||
| Q2 25 | $64.6M | $2.1M | ||
| Q1 25 | $45.1M | $-12.6M | ||
| Q4 24 | $64.5M | $762.0K | ||
| Q3 24 | $63.7M | $48.9M | ||
| Q2 24 | $24.7M | $20.4M |
自由现金流AWROSG
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率AWROSG
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度AWROSG
| Q1 26 | — | — | ||
| Q4 25 | 38.8% | — | ||
| Q3 25 | 29.9% | — | ||
| Q2 25 | 31.2% | — | ||
| Q1 25 | 45.6% | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 39.7% | — | ||
| Q2 24 | 39.8% | — |
现金转化率AWROSG
| 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× | — | ||
| 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% |
OSG
| Commissions | $68.2M | 65% |
| Other | $20.6M | 20% |
| Servicing and other fees | $9.4M | 9% |
| Program fees | $3.6M | 3% |
| Investment income | $2.4M | 2% |
