vs
AMERICAN STATES WATER CO（AWR）与null（SWIM）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null的1.6倍（$164.3M vs $100.0M），AMERICAN STATES WATER CO净利率更高（17.5% vs -7.0%，领先24.5%），AMERICAN STATES WATER CO同比增速更快（14.8% vs 14.5%），null自由现金流更多（$14.1M vs $-36.0M），过去两年AMERICAN STATES WATER CO的营收复合增速更高（10.2% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
AWR vs SWIM — 直观对比
营收规模更大
AWR
是对方的1.6倍
$100.0M
营收增速更快
AWR
高出0.3%
14.5%
净利率更高
AWR
高出24.5%
-7.0%
自由现金流更多
SWIM
多$50.1M
$-36.0M
两年增速更快
AWR
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $164.3M | $100.0M |
| 净利润 | $28.7M | $-7.0M |
| 毛利率 | 88.9% | 28.0% |
| 营业利润率 | 27.4% | -10.7% |
| 净利率 | 17.5% | -7.0% |
| 营收同比 | 14.8% | 14.5% |
| 净利润同比 | 1.1% | 76.0% |
| 每股收益（稀释后） | $0.74 | $-0.06 |
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AWRSWIM
| Q4 25 | $164.3M | $100.0M | ||
| Q3 25 | $182.7M | $161.9M | ||
| Q2 25 | $163.1M | $172.6M | ||
| Q1 25 | $148.0M | $111.4M | ||
| Q4 24 | $143.1M | $87.3M | ||
| Q3 24 | $161.8M | $150.5M | ||
| Q2 24 | $155.3M | $160.1M | ||
| Q1 24 | $135.3M | $110.6M |
净利润AWRSWIM
| Q4 25 | $28.7M | $-7.0M | ||
| Q3 25 | $41.2M | $8.1M | ||
| Q2 25 | $33.7M | $16.0M | ||
| Q1 25 | $26.8M | $-6.0M | ||
| Q4 24 | $28.4M | $-29.2M | ||
| Q3 24 | $35.8M | $5.9M | ||
| Q2 24 | $31.9M | $13.3M | ||
| Q1 24 | $23.1M | $-7.9M |
毛利率AWRSWIM
| Q4 25 | 88.9% | 28.0% | ||
| Q3 25 | 91.0% | 35.4% | ||
| Q2 25 | 92.1% | 37.1% | ||
| Q1 25 | 91.3% | 29.5% | ||
| Q4 24 | 92.4% | 24.6% | ||
| Q3 24 | 92.7% | 32.4% | ||
| Q2 24 | 89.6% | 33.1% | ||
| Q1 24 | 88.4% | 27.7% |
营业利润率AWRSWIM
| Q4 25 | 27.4% | -10.7% | ||
| Q3 25 | 33.8% | 13.3% | ||
| Q2 25 | 31.3% | 14.3% | ||
| Q1 25 | 30.8% | -4.4% | ||
| Q4 24 | 27.0% | -14.9% | ||
| Q3 24 | 34.0% | 8.9% | ||
| Q2 24 | 33.3% | 12.5% | ||
| Q1 24 | 28.8% | -1.9% |
净利率AWRSWIM
| Q4 25 | 17.5% | -7.0% | ||
| Q3 25 | 22.5% | 5.0% | ||
| Q2 25 | 20.7% | 9.3% | ||
| Q1 25 | 18.1% | -5.4% | ||
| Q4 24 | 19.9% | -33.4% | ||
| Q3 24 | 22.1% | 3.9% | ||
| Q2 24 | 20.5% | 8.3% | ||
| Q1 24 | 17.1% | -7.1% |
每股收益（稀释后）AWRSWIM
| Q4 25 | $0.74 | $-0.06 | ||
| Q3 25 | $1.06 | $0.07 | ||
| Q2 25 | $0.87 | $0.13 | ||
| Q1 25 | $0.70 | $-0.05 | ||
| Q4 24 | $0.75 | $-0.24 | ||
| Q3 24 | $0.95 | $0.05 | ||
| Q2 24 | $0.85 | $0.11 | ||
| Q1 24 | $0.62 | $-0.07 |
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 | — |
| 总债务越低越好 | $782.7M | $279.8M |
| 股东权益账面价值 | $1.0B | $405.9M |
| 总资产 | $2.7B | $823.2M |
| 负债/权益比越低杠杆越低 | 0.75× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资AWRSWIM
| Q4 25 | $18.8M | — | ||
| Q3 25 | $26.1M | — | ||
| Q2 25 | $20.2M | — | ||
| Q1 25 | $21.2M | — | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $16.5M | — | ||
| Q2 24 | $3.6M | — | ||
| Q1 24 | $17.0M | — |
总债务AWRSWIM
| Q4 25 | $782.7M | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | $640.4M | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益AWRSWIM
| Q4 25 | $1.0B | $405.9M | ||
| Q3 25 | $1.0B | $408.4M | ||
| Q2 25 | $972.5M | $398.4M | ||
| Q1 25 | $956.4M | $381.1M | ||
| Q4 24 | $920.1M | $387.2M | ||
| Q3 24 | $879.5M | $416.6M | ||
| Q2 24 | $833.5M | $408.1M | ||
| Q1 24 | $800.5M | $391.8M |
总资产AWRSWIM
| Q4 25 | $2.7B | $823.2M | ||
| Q3 25 | $2.7B | $844.4M | ||
| Q2 25 | $2.6B | $822.1M | ||
| Q1 25 | $2.5B | $824.6M | ||
| Q4 24 | $2.5B | $794.2M | ||
| Q3 24 | $2.4B | $853.4M | ||
| Q2 24 | $2.3B | $830.0M | ||
| Q1 24 | $2.3B | $808.6M |
负债/权益比AWRSWIM
| Q4 25 | 0.75× | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | 0.70× | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-36.0M | $14.1M |
| 自由现金流率自由现金流/营收 | -21.9% | 14.1% |
| 资本支出强度资本支出/营收 | 38.8% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流AWRSWIM
| Q4 25 | $27.7M | $23.3M | ||
| Q3 25 | $92.4M | $51.0M | ||
| Q2 25 | $64.6M | $36.0M | ||
| Q1 25 | $45.1M | $-46.9M | ||
| Q4 24 | $64.5M | $6.2M | ||
| Q3 24 | $63.7M | $37.2M | ||
| Q2 24 | $24.7M | $52.4M | ||
| Q1 24 | $45.8M | $-34.5M |
自由现金流AWRSWIM
| Q4 25 | $-36.0M | $14.1M | ||
| Q3 25 | $37.7M | $45.2M | ||
| Q2 25 | $13.7M | $29.1M | ||
| Q1 25 | $-22.5M | $-50.3M | ||
| Q4 24 | $6.0M | $-98.0K | ||
| Q3 24 | $-478.0K | $33.2M | ||
| Q2 24 | $-37.0M | $47.9M | ||
| Q1 24 | $-1.7M | $-39.9M |
自由现金流率AWRSWIM
| Q4 25 | -21.9% | 14.1% | ||
| Q3 25 | 20.7% | 27.9% | ||
| Q2 25 | 8.4% | 16.8% | ||
| Q1 25 | -15.2% | -45.2% | ||
| Q4 24 | 4.2% | -0.1% | ||
| Q3 24 | -0.3% | 22.1% | ||
| Q2 24 | -23.8% | 29.9% | ||
| Q1 24 | -1.3% | -36.0% |
资本支出强度AWRSWIM
| Q4 25 | 38.8% | 9.2% | ||
| Q3 25 | 29.9% | 3.6% | ||
| Q2 25 | 31.2% | 4.0% | ||
| Q1 25 | 45.6% | 3.1% | ||
| Q4 24 | 40.9% | 7.2% | ||
| Q3 24 | 39.7% | 2.7% | ||
| Q2 24 | 39.8% | 2.8% | ||
| Q1 24 | 35.2% | 4.8% |
现金转化率AWRSWIM
| Q4 25 | 0.96× | — | ||
| Q3 25 | 2.24× | 6.29× | ||
| Q2 25 | 1.92× | 2.25× | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 2.27× | — | ||
| Q3 24 | 1.78× | 6.32× | ||
| Q2 24 | 0.78× | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
