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AMERICAN STATES WATER CO（AWR）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是AMERICAN STATES WATER CO的1.1倍（$188.3M vs $164.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 17.5%，领先30.4%），AMERICAN STATES WATER CO同比增速更快（14.8% vs -21.9%），过去两年AMERICAN STATES WATER CO的营收复合增速更高（10.2% vs -15.4%）
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。
AWR vs RILY — 直观对比
营收规模更大
RILY
是对方的1.1倍
$164.3M
营收增速更快
AWR
高出36.7%
-21.9%
净利率更高
RILY
高出30.4%
17.5%
两年增速更快
AWR
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $164.3M | $188.3M |
| 净利润 | $28.7M | $90.3M |
| 毛利率 | 88.9% | 79.5% |
| 营业利润率 | 27.4% | 32.3% |
| 净利率 | 17.5% | 47.9% |
| 营收同比 | 14.8% | -21.9% |
| 净利润同比 | 1.1% | 1710.8% |
| 每股收益（稀释后） | $0.74 | $2.78 |
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AWRRILY
| Q4 25 | $164.3M | $188.3M | ||
| Q3 25 | $182.7M | $215.3M | ||
| Q2 25 | $163.1M | $188.2M | ||
| Q1 25 | $148.0M | $197.2M | ||
| Q4 24 | $143.1M | $241.0M | ||
| Q3 24 | $161.8M | $225.5M | ||
| Q2 24 | $155.3M | $256.0M | ||
| Q1 24 | $135.3M | $263.4M |
净利润AWRRILY
| Q4 25 | $28.7M | $90.3M | ||
| Q3 25 | $41.2M | $91.1M | ||
| Q2 25 | $33.7M | $139.5M | ||
| Q1 25 | $26.8M | $-10.0M | ||
| Q4 24 | $28.4M | $-5.6M | ||
| Q3 24 | $35.8M | $-284.4M | ||
| Q2 24 | $31.9M | $-433.6M | ||
| Q1 24 | $23.1M | $-49.2M |
毛利率AWRRILY
| Q4 25 | 88.9% | 79.5% | ||
| Q3 25 | 91.0% | 83.7% | ||
| Q2 25 | 92.1% | 81.3% | ||
| Q1 25 | 91.3% | 81.4% | ||
| Q4 24 | 92.4% | 79.8% | ||
| Q3 24 | 92.7% | 82.1% | ||
| Q2 24 | 89.6% | 84.5% | ||
| Q1 24 | 88.4% | 85.3% |
营业利润率AWRRILY
| Q4 25 | 27.4% | 32.3% | ||
| Q3 25 | 33.8% | 30.4% | ||
| Q2 25 | 31.3% | 5.7% | ||
| Q1 25 | 30.8% | -31.2% | ||
| Q4 24 | 27.0% | -69.2% | ||
| Q3 24 | 34.0% | -36.4% | ||
| Q2 24 | 33.3% | -90.8% | ||
| Q1 24 | 28.8% | -6.1% |
净利率AWRRILY
| Q4 25 | 17.5% | 47.9% | ||
| Q3 25 | 22.5% | 42.3% | ||
| Q2 25 | 20.7% | 74.1% | ||
| Q1 25 | 18.1% | -5.1% | ||
| Q4 24 | 19.9% | -2.3% | ||
| Q3 24 | 22.1% | -126.1% | ||
| Q2 24 | 20.5% | -169.4% | ||
| Q1 24 | 17.1% | -18.7% |
每股收益（稀释后）AWRRILY
| Q4 25 | $0.74 | $2.78 | ||
| Q3 25 | $1.06 | $2.91 | ||
| Q2 25 | $0.87 | $4.50 | ||
| Q1 25 | $0.70 | $-0.39 | ||
| Q4 24 | $0.75 | $-0.01 | ||
| Q3 24 | $0.95 | $-9.39 | ||
| Q2 24 | $0.85 | $-14.35 | ||
| Q1 24 | $0.62 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | $782.7M | $1.4B |
| 股东权益账面价值 | $1.0B | $-171.5M |
| 总资产 | $2.7B | $1.7B |
| 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AWRRILY
| Q4 25 | $18.8M | $226.6M | ||
| Q3 25 | $26.1M | $184.2M | ||
| Q2 25 | $20.2M | $267.4M | ||
| Q1 25 | $21.2M | $138.3M | ||
| Q4 24 | $26.7M | $146.9M | ||
| Q3 24 | $16.5M | $159.2M | ||
| Q2 24 | $3.6M | $236.9M | ||
| Q1 24 | $17.0M | $190.7M |
总债务AWRRILY
| Q4 25 | $782.7M | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $640.4M | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AWRRILY
| Q4 25 | $1.0B | $-171.5M | ||
| Q3 25 | $1.0B | $-260.5M | ||
| Q2 25 | $972.5M | $-351.7M | ||
| Q1 25 | $956.4M | $-496.8M | ||
| Q4 24 | $920.1M | $-488.2M | ||
| Q3 24 | $879.5M | $-497.6M | ||
| Q2 24 | $833.5M | $-218.3M | ||
| Q1 24 | $800.5M | $228.4M |
总资产AWRRILY
| Q4 25 | $2.7B | $1.7B | ||
| Q3 25 | $2.7B | $1.7B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.5B | $1.5B | ||
| Q4 24 | $2.5B | $1.8B | ||
| Q3 24 | $2.4B | $2.2B | ||
| Q2 24 | $2.3B | $3.2B | ||
| Q1 24 | $2.3B | $5.0B |
负债/权益比AWRRILY
| 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 | $26.2M |
| 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× | 0.29× |
| 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AWRRILY
| Q4 25 | $27.7M | $26.2M | ||
| Q3 25 | $92.4M | $-60.6M | ||
| Q2 25 | $64.6M | $-25.6M | ||
| Q1 25 | $45.1M | $184.0K | ||
| Q4 24 | $64.5M | $-2.7M | ||
| Q3 24 | $63.7M | $19.5M | ||
| Q2 24 | $24.7M | $111.5M | ||
| Q1 24 | $45.8M | $135.4M |
自由现金流AWRRILY
| 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AWRRILY
| 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AWRRILY
| 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AWRRILY
| Q4 25 | 0.96× | 0.29× | ||
| Q3 25 | 2.24× | -0.66× | ||
| Q2 25 | 1.92× | -0.18× | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 2.27× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 0.78× | — | ||
| Q1 24 | 1.98× | — |
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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
