vs
AMERICAN STATES WATER CO（AWR）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
REPLIGEN CORP的季度营收约是AMERICAN STATES WATER CO的1.2倍（$197.9M vs $164.3M），AMERICAN STATES WATER CO净利率更高（17.5% vs 6.7%，领先10.8%），AMERICAN STATES WATER CO同比增速更快（14.8% vs 13.6%），REPLIGEN CORP自由现金流更多（$17.6M vs $-36.0M），过去两年REPLIGEN CORP的营收复合增速更高（14.4% 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。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
AWR vs RGEN — 直观对比
营收规模更大
RGEN
是对方的1.2倍
$164.3M
营收增速更快
AWR
高出1.2%
13.6%
净利率更高
AWR
高出10.8%
6.7%
自由现金流更多
RGEN
多$53.5M
$-36.0M
两年增速更快
RGEN
近两年复合增速
10.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $164.3M | $197.9M |
| 净利润 | $28.7M | $13.3M |
| 毛利率 | 88.9% | 52.5% |
| 营业利润率 | 27.4% | 9.0% |
| 净利率 | 17.5% | 6.7% |
| 营收同比 | 14.8% | 13.6% |
| 净利润同比 | 1.1% | 143.9% |
| 每股收益（稀释后） | $0.74 | $0.24 |
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AWRRGEN
| Q4 25 | $164.3M | $197.9M | ||
| Q3 25 | $182.7M | $188.8M | ||
| Q2 25 | $163.1M | $182.4M | ||
| Q1 25 | $148.0M | $169.2M | ||
| Q4 24 | $143.1M | $174.1M | ||
| Q3 24 | $161.8M | $154.9M | ||
| Q2 24 | $155.3M | $154.1M | ||
| Q1 24 | $135.3M | $151.3M |
净利润AWRRGEN
| Q4 25 | $28.7M | $13.3M | ||
| Q3 25 | $41.2M | $14.9M | ||
| Q2 25 | $33.7M | $14.9M | ||
| Q1 25 | $26.8M | $5.8M | ||
| Q4 24 | $28.4M | $-30.3M | ||
| Q3 24 | $35.8M | $-654.0K | ||
| Q2 24 | $31.9M | $3.3M | ||
| Q1 24 | $23.1M | $2.1M |
毛利率AWRRGEN
| Q4 25 | 88.9% | 52.5% | ||
| Q3 25 | 91.0% | 53.2% | ||
| Q2 25 | 92.1% | 50.0% | ||
| Q1 25 | 91.3% | 53.6% | ||
| Q4 24 | 92.4% | 26.1% | ||
| Q3 24 | 92.7% | 50.0% | ||
| Q2 24 | 89.6% | 49.8% | ||
| Q1 24 | 88.4% | 49.5% |
营业利润率AWRRGEN
| Q4 25 | 27.4% | 9.0% | ||
| Q3 25 | 33.8% | 8.9% | ||
| Q2 25 | 31.3% | 7.6% | ||
| Q1 25 | 30.8% | 3.9% | ||
| Q4 24 | 27.0% | -17.7% | ||
| Q3 24 | 34.0% | -5.1% | ||
| Q2 24 | 33.3% | 1.0% | ||
| Q1 24 | 28.8% | 1.3% |
净利率AWRRGEN
| Q4 25 | 17.5% | 6.7% | ||
| Q3 25 | 22.5% | 7.9% | ||
| Q2 25 | 20.7% | 8.2% | ||
| Q1 25 | 18.1% | 3.4% | ||
| Q4 24 | 19.9% | -17.4% | ||
| Q3 24 | 22.1% | -0.4% | ||
| Q2 24 | 20.5% | 2.2% | ||
| Q1 24 | 17.1% | 1.4% |
每股收益（稀释后）AWRRGEN
| Q4 25 | $0.74 | $0.24 | ||
| Q3 25 | $1.06 | $0.26 | ||
| Q2 25 | $0.87 | $0.26 | ||
| Q1 25 | $0.70 | $0.10 | ||
| Q4 24 | $0.75 | $-0.55 | ||
| Q3 24 | $0.95 | $-0.01 | ||
| Q2 24 | $0.85 | $0.06 | ||
| Q1 24 | $0.62 | $0.04 |
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 | $767.6M |
| 总债务越低越好 | $782.7M | $542.2M |
| 股东权益账面价值 | $1.0B | $2.1B |
| 总资产 | $2.7B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资AWRRGEN
| Q4 25 | $18.8M | $767.6M | ||
| Q3 25 | $26.1M | $748.7M | ||
| Q2 25 | $20.2M | $708.9M | ||
| Q1 25 | $21.2M | $697.2M | ||
| Q4 24 | $26.7M | $757.4M | ||
| Q3 24 | $16.5M | $784.0M | ||
| Q2 24 | $3.6M | $809.1M | ||
| Q1 24 | $17.0M | $780.6M |
总债务AWRRGEN
| Q4 25 | $782.7M | $542.2M | ||
| Q3 25 | — | $537.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AWRRGEN
| Q4 25 | $1.0B | $2.1B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $972.5M | $2.1B | ||
| Q1 25 | $956.4M | $2.0B | ||
| Q4 24 | $920.1M | $2.0B | ||
| Q3 24 | $879.5M | $2.0B | ||
| Q2 24 | $833.5M | $2.0B | ||
| Q1 24 | $800.5M | $2.0B |
总资产AWRRGEN
| Q4 25 | $2.7B | $2.9B | ||
| Q3 25 | $2.7B | $2.9B | ||
| Q2 25 | $2.6B | $2.9B | ||
| Q1 25 | $2.5B | $2.9B | ||
| Q4 24 | $2.5B | $2.8B | ||
| Q3 24 | $2.4B | $2.8B | ||
| Q2 24 | $2.3B | $2.9B | ||
| Q1 24 | $2.3B | $2.8B |
负债/权益比AWRRGEN
| Q4 25 | 0.75× | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | 0.27× | ||
| Q3 24 | — | — | ||
| 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 | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $-36.0M | $17.6M |
| 自由现金流率自由现金流/营收 | -21.9% | 8.9% |
| 资本支出强度资本支出/营收 | 38.8% | 4.1% |
| 现金转化率经营现金流/净利润 | 0.96× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $-7.1M | $93.9M |
8季度趋势，按日历期对齐
经营现金流AWRRGEN
| Q4 25 | $27.7M | $25.7M | ||
| Q3 25 | $92.4M | $48.1M | ||
| Q2 25 | $64.6M | $28.6M | ||
| Q1 25 | $45.1M | $15.0M | ||
| Q4 24 | $64.5M | $39.2M | ||
| Q3 24 | $63.7M | $49.3M | ||
| Q2 24 | $24.7M | $42.2M | ||
| Q1 24 | $45.8M | $44.7M |
自由现金流AWRRGEN
| Q4 25 | $-36.0M | $17.6M | ||
| Q3 25 | $37.7M | $43.4M | ||
| Q2 25 | $13.7M | $21.5M | ||
| Q1 25 | $-22.5M | $11.4M | ||
| Q4 24 | $6.0M | $33.6M | ||
| Q3 24 | $-478.0K | $42.3M | ||
| Q2 24 | $-37.0M | $37.4M | ||
| Q1 24 | $-1.7M | $36.4M |
自由现金流率AWRRGEN
| Q4 25 | -21.9% | 8.9% | ||
| Q3 25 | 20.7% | 23.0% | ||
| Q2 25 | 8.4% | 11.8% | ||
| Q1 25 | -15.2% | 6.8% | ||
| Q4 24 | 4.2% | 19.3% | ||
| Q3 24 | -0.3% | 27.3% | ||
| Q2 24 | -23.8% | 24.3% | ||
| Q1 24 | -1.3% | 24.0% |
资本支出强度AWRRGEN
| Q4 25 | 38.8% | 4.1% | ||
| Q3 25 | 29.9% | 2.5% | ||
| Q2 25 | 31.2% | 3.9% | ||
| Q1 25 | 45.6% | 2.1% | ||
| Q4 24 | 40.9% | 3.2% | ||
| Q3 24 | 39.7% | 4.5% | ||
| Q2 24 | 39.8% | 3.1% | ||
| Q1 24 | 35.2% | 5.5% |
现金转化率AWRRGEN
| Q4 25 | 0.96× | 1.93× | ||
| Q3 25 | 2.24× | 3.23× | ||
| Q2 25 | 1.92× | 1.92× | ||
| Q1 25 | 1.68× | 2.57× | ||
| Q4 24 | 2.27× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 0.78× | 12.70× | ||
| Q1 24 | 1.98× | 21.35× |
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% |
RGEN
暂无分部数据
