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AMERICAN STATES WATER CO（AWR）与GIBRALTAR INDUSTRIES, INC.（ROCK）财务数据对比。点击上方公司名可切换其他公司
GIBRALTAR INDUSTRIES, INC.的季度营收约是AMERICAN STATES WATER CO的1.4倍（$225.0M vs $164.3M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 14.8%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-36.0M），过去两年AMERICAN STATES WATER CO的营收复合增速更高（10.2% vs -12.3%）
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。
直布罗陀工业公司是专业建筑、基础设施及可再生能源产品制造商与分销商，主营通风系统、屋面配件、太阳能安装支架、园林景观产品等，主要服务北美地区住宅、商业建筑及清洁能源市场，专注提供创新可持续的客户解决方案。
AWR vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.4倍
$164.3M
营收增速更快
ROCK
高出10.1%
14.8%
自由现金流更多
ROCK
多$62.2M
$-36.0M
两年增速更快
AWR
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $164.3M | $225.0M |
| 净利润 | $28.7M | — |
| 毛利率 | 88.9% | 25.3% |
| 营业利润率 | 27.4% | 7.9% |
| 净利率 | 17.5% | — |
| 营收同比 | 14.8% | 24.9% |
| 净利润同比 | 1.1% | — |
| 每股收益（稀释后） | $0.74 | — |
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AWRROCK
| Q4 25 | $164.3M | $225.0M | ||
| Q3 25 | $182.7M | $310.9M | ||
| Q2 25 | $163.1M | $309.5M | ||
| Q1 25 | $148.0M | $290.0M | ||
| Q4 24 | $143.1M | $180.1M | ||
| Q3 24 | $161.8M | $277.1M | ||
| Q2 24 | $155.3M | $273.6M | ||
| Q1 24 | $135.3M | $292.5M |
净利润AWRROCK
| Q4 25 | $28.7M | — | ||
| Q3 25 | $41.2M | $-89.1M | ||
| Q2 25 | $33.7M | $26.0M | ||
| Q1 25 | $26.8M | $21.1M | ||
| Q4 24 | $28.4M | — | ||
| Q3 24 | $35.8M | $34.0M | ||
| Q2 24 | $31.9M | $32.2M | ||
| Q1 24 | $23.1M | $24.9M |
毛利率AWRROCK
| Q4 25 | 88.9% | 25.3% | ||
| Q3 25 | 91.0% | 26.6% | ||
| Q2 25 | 92.1% | 28.4% | ||
| Q1 25 | 91.3% | 26.8% | ||
| Q4 24 | 92.4% | 29.0% | ||
| Q3 24 | 92.7% | 29.4% | ||
| Q2 24 | 89.6% | 30.5% | ||
| Q1 24 | 88.4% | 28.9% |
营业利润率AWRROCK
| Q4 25 | 27.4% | 7.9% | ||
| Q3 25 | 33.8% | 12.8% | ||
| Q2 25 | 31.3% | 12.8% | ||
| Q1 25 | 30.8% | 8.8% | ||
| Q4 24 | 27.0% | 13.3% | ||
| Q3 24 | 34.0% | 15.6% | ||
| Q2 24 | 33.3% | 14.9% | ||
| Q1 24 | 28.8% | 10.8% |
净利率AWRROCK
| Q4 25 | 17.5% | — | ||
| Q3 25 | 22.5% | -28.6% | ||
| Q2 25 | 20.7% | 8.4% | ||
| Q1 25 | 18.1% | 7.3% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 22.1% | 12.3% | ||
| Q2 24 | 20.5% | 11.8% | ||
| Q1 24 | 17.1% | 8.5% |
每股收益（稀释后）AWRROCK
| Q4 25 | $0.74 | — | ||
| Q3 25 | $1.06 | $-2.98 | ||
| Q2 25 | $0.87 | $0.87 | ||
| Q1 25 | $0.70 | — | ||
| Q4 24 | $0.75 | — | ||
| Q3 24 | $0.95 | $1.11 | ||
| Q2 24 | $0.85 | $1.05 | ||
| Q1 24 | $0.62 | — |
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 | $115.7M |
| 总债务越低越好 | $782.7M | $0 |
| 股东权益账面价值 | $1.0B | $950.4M |
| 总资产 | $2.7B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资AWRROCK
| Q4 25 | $18.8M | $115.7M | ||
| Q3 25 | $26.1M | $89.4M | ||
| Q2 25 | $20.2M | $43.3M | ||
| Q1 25 | $21.2M | $25.1M | ||
| Q4 24 | $26.7M | $269.5M | ||
| Q3 24 | $16.5M | $228.9M | ||
| Q2 24 | $3.6M | $179.1M | ||
| Q1 24 | $17.0M | $146.7M |
总债务AWRROCK
| Q4 25 | $782.7M | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | $640.4M | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益AWRROCK
| Q4 25 | $1.0B | $950.4M | ||
| Q3 25 | $1.0B | $951.8M | ||
| Q2 25 | $972.5M | $1.0B | ||
| Q1 25 | $956.4M | $1.0B | ||
| Q4 24 | $920.1M | $1.0B | ||
| Q3 24 | $879.5M | $1.0B | ||
| Q2 24 | $833.5M | $975.7M | ||
| Q1 24 | $800.5M | $940.2M |
总资产AWRROCK
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.5B | $1.4B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $2.4B | $1.4B | ||
| Q2 24 | $2.3B | $1.4B | ||
| Q1 24 | $2.3B | $1.3B |
负债/权益比AWRROCK
| Q4 25 | 0.75× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.70× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-36.0M | $26.2M |
| 自由现金流率自由现金流/营收 | -21.9% | 11.7% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $-7.1M | $120.6M |
8季度趋势，按日历期对齐
经营现金流AWRROCK
| Q4 25 | $27.7M | $35.5M | ||
| Q3 25 | $92.4M | $73.0M | ||
| Q2 25 | $64.6M | $44.9M | ||
| Q1 25 | $45.1M | $13.7M | ||
| Q4 24 | $64.5M | $19.9M | ||
| Q3 24 | $63.7M | $64.7M | ||
| Q2 24 | $24.7M | $36.5M | ||
| Q1 24 | $45.8M | $53.2M |
自由现金流AWRROCK
| Q4 25 | $-36.0M | $26.2M | ||
| Q3 25 | $37.7M | $64.8M | ||
| Q2 25 | $13.7M | $27.3M | ||
| Q1 25 | $-22.5M | $2.3M | ||
| Q4 24 | $6.0M | $14.1M | ||
| Q3 24 | $-478.0K | $60.5M | ||
| Q2 24 | $-37.0M | $33.5M | ||
| Q1 24 | $-1.7M | $48.8M |
自由现金流率AWRROCK
| Q4 25 | -21.9% | 11.7% | ||
| Q3 25 | 20.7% | 20.8% | ||
| Q2 25 | 8.4% | 8.8% | ||
| Q1 25 | -15.2% | 0.8% | ||
| Q4 24 | 4.2% | 7.8% | ||
| Q3 24 | -0.3% | 21.8% | ||
| Q2 24 | -23.8% | 12.2% | ||
| Q1 24 | -1.3% | 16.7% |
资本支出强度AWRROCK
| Q4 25 | 38.8% | 4.1% | ||
| Q3 25 | 29.9% | 2.6% | ||
| Q2 25 | 31.2% | 5.7% | ||
| Q1 25 | 45.6% | 3.9% | ||
| Q4 24 | 40.9% | 3.3% | ||
| Q3 24 | 39.7% | 1.5% | ||
| Q2 24 | 39.8% | 1.1% | ||
| Q1 24 | 35.2% | 1.5% |
现金转化率AWRROCK
| Q4 25 | 0.96× | — | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 1.92× | 1.73× | ||
| Q1 25 | 1.68× | 0.65× | ||
| Q4 24 | 2.27× | — | ||
| Q3 24 | 1.78× | 1.90× | ||
| Q2 24 | 0.78× | 1.13× | ||
| Q1 24 | 1.98× | 2.13× |
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% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
