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AMERICAN STATES WATER CO（AWR）与RESOURCES CONNECTION, INC.（RGP）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RESOURCES CONNECTION, INC.的1.4倍（$164.3M vs $117.7M），AMERICAN STATES WATER CO净利率更高（17.5% vs -10.8%，领先28.2%），AMERICAN STATES WATER CO同比增速更快（14.8% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $-36.0M），过去两年AMERICAN STATES WATER CO的营收复合增速更高（10.2% vs -11.8%）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
AWR vs RGP — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $164.3M | $117.7M |
| 净利润 | $28.7M | $-12.7M |
| 毛利率 | 88.9% | 37.1% |
| 营业利润率 | 27.4% | -10.3% |
| 净利率 | 17.5% | -10.8% |
| 营收同比 | 14.8% | -19.2% |
| 净利润同比 | 1.1% | 81.6% |
| 每股收益（稀释后） | $0.74 | $-0.38 |
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
| Q4 25 | $164.3M | $117.7M | ||
| Q3 25 | $182.7M | $120.2M | ||
| Q2 25 | $163.1M | $139.3M | ||
| Q1 25 | $148.0M | $129.4M | ||
| Q4 24 | $143.1M | $145.6M | ||
| Q3 24 | $161.8M | $136.9M | ||
| Q2 24 | $155.3M | $148.2M | ||
| Q1 24 | $135.3M | $151.3M |
| Q4 25 | $28.7M | $-12.7M | ||
| Q3 25 | $41.2M | $-2.4M | ||
| Q2 25 | $33.7M | $-73.3M | ||
| Q1 25 | $26.8M | $-44.1M | ||
| Q4 24 | $28.4M | $-68.7M | ||
| Q3 24 | $35.8M | $-5.7M | ||
| Q2 24 | $31.9M | $10.5M | ||
| Q1 24 | $23.1M | $2.5M |
| Q4 25 | 88.9% | 37.1% | ||
| Q3 25 | 91.0% | 39.5% | ||
| Q2 25 | 92.1% | 40.2% | ||
| Q1 25 | 91.3% | 35.1% | ||
| Q4 24 | 92.4% | 38.5% | ||
| Q3 24 | 92.7% | 36.5% | ||
| Q2 24 | 89.6% | 40.2% | ||
| Q1 24 | 88.4% | 37.0% |
| Q4 25 | 27.4% | -10.3% | ||
| Q3 25 | 33.8% | -1.7% | ||
| Q2 25 | 31.3% | -47.0% | ||
| Q1 25 | 30.8% | -38.4% | ||
| Q4 24 | 27.0% | -52.7% | ||
| Q3 24 | 34.0% | -3.5% | ||
| Q2 24 | 33.3% | 7.6% | ||
| Q1 24 | 28.8% | 2.8% |
| Q4 25 | 17.5% | -10.8% | ||
| Q3 25 | 22.5% | -2.0% | ||
| Q2 25 | 20.7% | -52.6% | ||
| Q1 25 | 18.1% | -34.0% | ||
| Q4 24 | 19.9% | -47.2% | ||
| Q3 24 | 22.1% | -4.2% | ||
| Q2 24 | 20.5% | 7.1% | ||
| Q1 24 | 17.1% | 1.7% |
| Q4 25 | $0.74 | $-0.38 | ||
| Q3 25 | $1.06 | $-0.07 | ||
| Q2 25 | $0.87 | $-2.21 | ||
| Q1 25 | $0.70 | $-1.34 | ||
| Q4 24 | $0.75 | $-2.08 | ||
| Q3 24 | $0.95 | $-0.17 | ||
| Q2 24 | $0.85 | $0.31 | ||
| Q1 24 | $0.62 | $0.08 |
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 | $89.8M |
| 总债务越低越好 | $782.7M | — |
| 股东权益账面价值 | $1.0B | $194.6M |
| 总资产 | $2.7B | $289.3M |
| 负债/权益比越低杠杆越低 | 0.75× | — |
8季度趋势，按日历期对齐
| Q4 25 | $18.8M | $89.8M | ||
| Q3 25 | $26.1M | $77.5M | ||
| Q2 25 | $20.2M | $86.1M | ||
| Q1 25 | $21.2M | $72.5M | ||
| Q4 24 | $26.7M | $78.2M | ||
| Q3 24 | $16.5M | $89.6M | ||
| Q2 24 | $3.6M | $108.9M | ||
| Q1 24 | $17.0M | $113.8M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $194.6M | ||
| Q3 25 | $1.0B | $206.4M | ||
| Q2 25 | $972.5M | $207.1M | ||
| Q1 25 | $956.4M | $277.8M | ||
| Q4 24 | $920.1M | $325.7M | ||
| Q3 24 | $879.5M | $407.2M | ||
| Q2 24 | $833.5M | $418.8M | ||
| Q1 24 | $800.5M | $414.9M |
| Q4 25 | $2.7B | $289.3M | ||
| Q3 25 | $2.7B | $287.2M | ||
| Q2 25 | $2.6B | $304.7M | ||
| Q1 25 | $2.5B | $375.6M | ||
| Q4 24 | $2.5B | $424.9M | ||
| Q3 24 | $2.4B | $512.9M | ||
| Q2 24 | $2.3B | $510.9M | ||
| Q1 24 | $2.3B | $523.2M |
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | — | ||
| 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 | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $-36.0M | $15.6M |
| 自由现金流率自由现金流/营收 | -21.9% | 13.2% |
| 资本支出强度资本支出/营收 | 38.8% | 0.3% |
| 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 | $24.3M |
8季度趋势，按日历期对齐
| Q4 25 | $27.7M | $15.9M | ||
| Q3 25 | $92.4M | $-7.8M | ||
| Q2 25 | $64.6M | $16.8M | ||
| Q1 25 | $45.1M | $659.0K | ||
| Q4 24 | $64.5M | $1.8M | ||
| Q3 24 | $63.7M | $-309.0K | ||
| Q2 24 | $24.7M | $3.2M | ||
| Q1 24 | $45.8M | $20.5M |
| Q4 25 | $-36.0M | $15.6M | ||
| Q3 25 | $37.7M | $-8.0M | ||
| Q2 25 | $13.7M | $16.5M | ||
| Q1 25 | $-22.5M | $238.0K | ||
| Q4 24 | $6.0M | $61.0K | ||
| Q3 24 | $-478.0K | $-575.0K | ||
| Q2 24 | $-37.0M | $3.0M | ||
| Q1 24 | $-1.7M | $20.4M |
| Q4 25 | -21.9% | 13.2% | ||
| Q3 25 | 20.7% | -6.6% | ||
| Q2 25 | 8.4% | 11.8% | ||
| Q1 25 | -15.2% | 0.2% | ||
| Q4 24 | 4.2% | 0.0% | ||
| Q3 24 | -0.3% | -0.4% | ||
| Q2 24 | -23.8% | 2.1% | ||
| Q1 24 | -1.3% | 13.5% |
| Q4 25 | 38.8% | 0.3% | ||
| Q3 25 | 29.9% | 0.1% | ||
| Q2 25 | 31.2% | 0.2% | ||
| Q1 25 | 45.6% | 0.3% | ||
| Q4 24 | 40.9% | 1.2% | ||
| Q3 24 | 39.7% | 0.2% | ||
| Q2 24 | 39.8% | 0.1% | ||
| Q1 24 | 35.2% | 0.1% |
| 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× | 0.30× | ||
| Q1 24 | 1.98× | 8.04× |
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% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
