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AMERICAN STATES WATER CO（AWR）与Ribbon Communications Inc.（RBBN）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Ribbon Communications Inc.的1.0倍（$164.3M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 17.5%，领先37.3%），AMERICAN STATES WATER CO同比增速更快（14.8% vs -10.3%），过去两年AMERICAN STATES WATER CO的营收复合增速更高（10.2% vs -8.1%）
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。
睿宾通信公司（Ribbon Communications Inc.）主要为电信运营商、企业及关键基础设施领域提供软件、IP与光网络解决方案。公司于2017年由Genband与Sonus Networks合并成立，总部位于美国得克萨斯州普莱诺，是一家上市科技企业。
AWR vs RBBN — 直观对比
营收规模更大
AWR
是对方的1.0倍
$162.6M
营收增速更快
AWR
高出25.1%
-10.3%
净利率更高
RBBN
高出37.3%
17.5%
两年增速更快
AWR
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $164.3M | $162.6M |
| 净利润 | $28.7M | $89.1M |
| 毛利率 | 88.9% | 42.9% |
| 营业利润率 | 27.4% | 37.6% |
| 净利率 | 17.5% | 54.8% |
| 营收同比 | 14.8% | -10.3% |
| 净利润同比 | 1.1% | — |
| 每股收益（稀释后） | $0.74 | $0.50 |
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AWRRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $164.3M | $227.3M | ||
| Q3 25 | $182.7M | $215.4M | ||
| Q2 25 | $163.1M | $220.6M | ||
| Q1 25 | $148.0M | $181.3M | ||
| Q4 24 | $143.1M | $251.4M | ||
| Q3 24 | $161.8M | $210.2M | ||
| Q2 24 | $155.3M | $192.6M |
净利润AWRRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $28.7M | — | ||
| Q3 25 | $41.2M | $-12.1M | ||
| Q2 25 | $33.7M | $-11.1M | ||
| Q1 25 | $26.8M | $-26.2M | ||
| Q4 24 | $28.4M | — | ||
| Q3 24 | $35.8M | $-13.4M | ||
| Q2 24 | $31.9M | $-16.8M |
毛利率AWRRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 88.9% | 53.3% | ||
| Q3 25 | 91.0% | 50.1% | ||
| Q2 25 | 92.1% | 49.6% | ||
| Q1 25 | 91.3% | 45.4% | ||
| Q4 24 | 92.4% | 55.7% | ||
| Q3 24 | 92.7% | 52.1% | ||
| Q2 24 | 89.6% | 50.8% |
营业利润率AWRRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 27.4% | 4.1% | ||
| Q3 25 | 33.8% | 1.3% | ||
| Q2 25 | 31.3% | 1.9% | ||
| Q1 25 | 30.8% | -10.8% | ||
| Q4 24 | 27.0% | 13.2% | ||
| Q3 24 | 34.0% | -0.4% | ||
| Q2 24 | 33.3% | -1.0% |
净利率AWRRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 17.5% | — | ||
| Q3 25 | 22.5% | -5.6% | ||
| Q2 25 | 20.7% | -5.0% | ||
| Q1 25 | 18.1% | -14.5% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 22.1% | -6.4% | ||
| Q2 24 | 20.5% | -8.7% |
每股收益（稀释后）AWRRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.74 | $0.50 | ||
| Q3 25 | $1.06 | $-0.07 | ||
| Q2 25 | $0.87 | $-0.06 | ||
| Q1 25 | $0.70 | $-0.15 | ||
| Q4 24 | $0.75 | $0.05 | ||
| Q3 24 | $0.95 | $-0.08 | ||
| Q2 24 | $0.85 | $-0.10 |
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 | $67.6M |
| 总债务越低越好 | $782.7M | — |
| 股东权益账面价值 | $1.0B | $419.1M |
| 总资产 | $2.7B | — |
| 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AWRRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $18.8M | $96.4M | ||
| Q3 25 | $26.1M | $74.8M | ||
| Q2 25 | $20.2M | $60.5M | ||
| Q1 25 | $21.2M | $71.2M | ||
| Q4 24 | $26.7M | $87.8M | ||
| Q3 24 | $16.5M | $37.2M | ||
| Q2 24 | $3.6M | $64.6M |
总债务AWRRBBN
| Q1 26 | — | — | ||
| Q4 25 | $782.7M | $342.1M | ||
| Q3 25 | — | $344.3M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $347.4M | ||
| Q4 24 | $640.4M | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益AWRRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $1.0B | $449.0M | ||
| Q3 25 | $1.0B | $360.1M | ||
| Q2 25 | $972.5M | $370.4M | ||
| Q1 25 | $956.4M | $381.8M | ||
| Q4 24 | $920.1M | $404.6M | ||
| Q3 24 | $879.5M | $395.5M | ||
| Q2 24 | $833.5M | $405.0M |
总资产AWRRBBN
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $1.2B | ||
| Q3 25 | $2.7B | $1.1B | ||
| Q2 25 | $2.6B | $1.1B | ||
| Q1 25 | $2.5B | $1.1B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $2.3B | $1.1B |
负债/权益比AWRRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | 0.70× | 0.86× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.86× |
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AWRRBBN
| Q1 26 | — | — | ||
| Q4 25 | $27.7M | $29.2M | ||
| Q3 25 | $92.4M | $26.5M | ||
| Q2 25 | $64.6M | $-795.0K | ||
| Q1 25 | $45.1M | $-3.5M | ||
| Q4 24 | $64.5M | $61.8M | ||
| Q3 24 | $63.7M | $-14.8M | ||
| Q2 24 | $24.7M | $-9.8M |
自由现金流AWRRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-36.0M | $27.3M | ||
| Q3 25 | $37.7M | $21.0M | ||
| Q2 25 | $13.7M | $-6.5M | ||
| Q1 25 | $-22.5M | $-15.7M | ||
| Q4 24 | $6.0M | $53.8M | ||
| Q3 24 | $-478.0K | $-23.7M | ||
| Q2 24 | $-37.0M | $-12.9M |
自由现金流率AWRRBBN
| Q1 26 | — | — | ||
| Q4 25 | -21.9% | 12.0% | ||
| Q3 25 | 20.7% | 9.7% | ||
| Q2 25 | 8.4% | -2.9% | ||
| Q1 25 | -15.2% | -8.7% | ||
| Q4 24 | 4.2% | 21.4% | ||
| Q3 24 | -0.3% | -11.3% | ||
| Q2 24 | -23.8% | -6.7% |
资本支出强度AWRRBBN
| Q1 26 | — | — | ||
| Q4 25 | 38.8% | 0.9% | ||
| Q3 25 | 29.9% | 2.6% | ||
| Q2 25 | 31.2% | 2.6% | ||
| Q1 25 | 45.6% | 6.7% | ||
| Q4 24 | 40.9% | 3.2% | ||
| Q3 24 | 39.7% | 4.2% | ||
| Q2 24 | 39.8% | 1.6% |
现金转化率AWRRBBN
| 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% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
