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AMERICAN STATES WATER CO（AWR）与PURE CYCLE CORP（PCYO）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PURE CYCLE CORP的18.0倍（$164.3M vs $9.1M）。PURE CYCLE CORP净利率更高（50.0% vs 17.5%，领先32.5%）。PURE CYCLE CORP同比增速更快（58.8% vs 14.8%）。过去两年PURE CYCLE CORP的营收复合增速更高（69.0% 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。
Pure Cycle Corp是一家自行车企业，2010年由迈克尔·费希曼、乔丹·肖、扎卡里·肖与奥斯汀·斯托弗斯创立，原名Pure Fix Cycles，总部位于美国加利福尼亚州洛杉矶，主营自行车相关业务。
AWR vs PCYO — 直观对比
营收规模更大
AWR
是对方的18.0倍
$9.1M
营收增速更快
PCYO
高出44.0%
14.8%
净利率更高
PCYO
高出32.5%
17.5%
两年增速更快
PCYO
近两年复合增速
10.2%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $164.3M | $9.1M |
| 净利润 | $28.7M | $4.6M |
| 毛利率 | 88.9% | 68.4% |
| 营业利润率 | 27.4% | 48.0% |
| 净利率 | 17.5% | 50.0% |
| 营收同比 | 14.8% | 58.8% |
| 净利润同比 | 1.1% | 16.0% |
| 每股收益（稀释后） | $0.74 | $0.19 |
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AWRPCYO
| Q4 25 | $164.3M | $9.1M | ||
| Q3 25 | $182.7M | $11.2M | ||
| Q2 25 | $163.1M | $5.1M | ||
| Q1 25 | $148.0M | $4.0M | ||
| Q4 24 | $143.1M | $5.8M | ||
| Q3 24 | $161.8M | $12.6M | ||
| Q2 24 | $155.3M | $7.6M | ||
| Q1 24 | $135.3M | $3.2M |
净利润AWRPCYO
| Q4 25 | $28.7M | $4.6M | ||
| Q3 25 | $41.2M | $6.1M | ||
| Q2 25 | $33.7M | $2.3M | ||
| Q1 25 | $26.8M | $809.0K | ||
| Q4 24 | $28.4M | $3.9M | ||
| Q3 24 | $35.8M | $6.6M | ||
| Q2 24 | $31.9M | $2.8M | ||
| Q1 24 | $23.1M | $118.0K |
毛利率AWRPCYO
| Q4 25 | 88.9% | 68.4% | ||
| Q3 25 | 91.0% | 67.7% | ||
| Q2 25 | 92.1% | 63.4% | ||
| Q1 25 | 91.3% | 38.2% | ||
| Q4 24 | 92.4% | 63.8% | ||
| Q3 24 | 92.7% | 77.8% | ||
| Q2 24 | 89.6% | 64.0% | ||
| Q1 24 | 88.4% | 55.6% |
营业利润率AWRPCYO
| Q4 25 | 27.4% | 48.0% | ||
| Q3 25 | 33.8% | 53.1% | ||
| Q2 25 | 31.3% | 26.0% | ||
| Q1 25 | 30.8% | -33.2% | ||
| Q4 24 | 27.0% | 29.9% | ||
| Q3 24 | 34.0% | 62.0% | ||
| Q2 24 | 33.3% | 40.3% | ||
| Q1 24 | 28.8% | -11.5% |
净利率AWRPCYO
| Q4 25 | 17.5% | 50.0% | ||
| Q3 25 | 22.5% | 54.5% | ||
| Q2 25 | 20.7% | 43.9% | ||
| Q1 25 | 18.1% | 20.3% | ||
| Q4 24 | 19.9% | 68.4% | ||
| Q3 24 | 22.1% | 52.6% | ||
| Q2 24 | 20.5% | 37.2% | ||
| Q1 24 | 17.1% | 3.7% |
每股收益（稀释后）AWRPCYO
| Q4 25 | $0.74 | $0.19 | ||
| Q3 25 | $1.06 | $0.26 | ||
| Q2 25 | $0.87 | $0.09 | ||
| Q1 25 | $0.70 | $0.03 | ||
| Q4 24 | $0.75 | $0.16 | ||
| Q3 24 | $0.95 | $0.27 | ||
| Q2 24 | $0.85 | $0.12 | ||
| Q1 24 | $0.62 | $0.00 |
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 | $17.1M |
| 总债务越低越好 | $782.7M | $8.0M |
| 股东权益账面价值 | $1.0B | $147.5M |
| 总资产 | $2.7B | $168.1M |
| 负债/权益比越低杠杆越低 | 0.75× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资AWRPCYO
| Q4 25 | $18.8M | $17.1M | ||
| Q3 25 | $26.1M | $21.9M | ||
| Q2 25 | $20.2M | $14.4M | ||
| Q1 25 | $21.2M | $16.5M | ||
| Q4 24 | $26.7M | $19.0M | ||
| Q3 24 | $16.5M | $22.1M | ||
| Q2 24 | $3.6M | $20.5M | ||
| Q1 24 | $17.0M | $20.6M |
总债务AWRPCYO
| Q4 25 | $782.7M | $8.0M | ||
| Q3 25 | — | $6.8M | ||
| Q2 25 | — | $6.9M | ||
| Q1 25 | — | $6.9M | ||
| Q4 24 | $640.4M | $6.9M | ||
| Q3 24 | — | $6.9M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AWRPCYO
| Q4 25 | $1.0B | $147.5M | ||
| Q3 25 | $1.0B | $142.7M | ||
| Q2 25 | $972.5M | $136.7M | ||
| Q1 25 | $956.4M | $134.4M | ||
| Q4 24 | $920.1M | $133.6M | ||
| Q3 24 | $879.5M | $129.7M | ||
| Q2 24 | $833.5M | $123.2M | ||
| Q1 24 | $800.5M | $120.4M |
总资产AWRPCYO
| Q4 25 | $2.7B | $168.1M | ||
| Q3 25 | $2.7B | $162.3M | ||
| Q2 25 | $2.6B | $151.7M | ||
| Q1 25 | $2.5B | $149.7M | ||
| Q4 24 | $2.5B | $149.7M | ||
| Q3 24 | $2.4B | $147.4M | ||
| Q2 24 | $2.3B | $140.4M | ||
| Q1 24 | $2.3B | $135.2M |
负债/权益比AWRPCYO
| Q4 25 | 0.75× | 0.05× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | 0.70× | 0.05× | ||
| Q3 24 | — | 0.05× | ||
| 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 | $-979.0K |
| 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× | -0.21× |
| 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AWRPCYO
| Q4 25 | $27.7M | $-979.0K | ||
| Q3 25 | $92.4M | $9.4M | ||
| Q2 25 | $64.6M | $-503.0K | ||
| Q1 25 | $45.1M | $-1.4M | ||
| Q4 24 | $64.5M | $5.7M | ||
| Q3 24 | $63.7M | $3.1M | ||
| Q2 24 | $24.7M | $892.0K | ||
| Q1 24 | $45.8M | $-457.0K |
自由现金流AWRPCYO
| 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AWRPCYO
| 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AWRPCYO
| 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% | — | ||
| Q1 24 | 35.2% | — |
现金转化率AWRPCYO
| Q4 25 | 0.96× | -0.21× | ||
| Q3 25 | 2.24× | 1.53× | ||
| Q2 25 | 1.92× | -0.22× | ||
| Q1 25 | 1.68× | -1.70× | ||
| Q4 24 | 2.27× | 1.44× | ||
| Q3 24 | 1.78× | 0.47× | ||
| Q2 24 | 0.78× | 0.32× | ||
| Q1 24 | 1.98× | -3.87× |
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% |
PCYO
| Construction | $6.5M | 71% |
| Water And Wastewater Resource Development Segment | $2.5M | 27% |
