vs
AVALON HOLDINGS CORP（AWX）与Waste Connections, Inc.（WCN）财务数据对比。点击上方公司名可切换其他公司
Waste Connections, Inc.的季度营收约是AVALON HOLDINGS CORP的110.5倍（$2.4B vs $21.5M）。Waste Connections, Inc.净利率更高（10.9% vs -1.7%，领先12.5%）。AVALON HOLDINGS CORP同比增速更快（21.7% vs 5.0%）。Waste Connections, Inc.自由现金流更多（$172.6M vs $-166.0K）。过去两年Waste Connections, Inc.的营收复合增速更高（7.0% vs 6.7%）
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Waste Connections, Inc.是北美综合废弃物服务企业，总部位于美国得克萨斯州伍德兰兹，业务范围覆盖美国与加拿大，主营固体废弃物的收集、转运、处理及回收服务，是北美第三大废弃物管理企业。
AWX vs WCN — 直观对比
营收规模更大
WCN
是对方的110.5倍
$21.5M
营收增速更快
AWX
高出16.7%
5.0%
净利率更高
WCN
高出12.5%
-1.7%
自由现金流更多
WCN
多$172.8M
$-166.0K
两年增速更快
WCN
近两年复合增速
6.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $21.5M | $2.4B |
| 净利润 | $-356.0K | $258.5M |
| 毛利率 | 17.1% | 42.5% |
| 营业利润率 | 0.4% | 17.7% |
| 净利率 | -1.7% | 10.9% |
| 营收同比 | 21.7% | 5.0% |
| 净利润同比 | 28.4% | 231.9% |
| 每股收益（稀释后） | — | $1.01 |
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AWXWCN
| Q4 25 | $21.5M | $2.4B | ||
| Q3 25 | $25.7M | $2.5B | ||
| Q2 25 | $20.3M | $2.4B | ||
| Q1 25 | $16.1M | $2.2B | ||
| Q4 24 | $17.6M | $2.3B | ||
| Q3 24 | $24.2M | $2.3B | ||
| Q2 24 | $23.1M | $2.2B | ||
| Q1 24 | $18.9M | $2.1B |
净利润AWXWCN
| Q4 25 | $-356.0K | $258.5M | ||
| Q3 25 | $1.9M | $286.3M | ||
| Q2 25 | $274.0K | $290.3M | ||
| Q1 25 | $-1.5M | $241.5M | ||
| Q4 24 | $-497.0K | $-196.0M | ||
| Q3 24 | $1.8M | $308.0M | ||
| Q2 24 | $954.0K | $275.5M | ||
| Q1 24 | $-979.0K | $230.1M |
毛利率AWXWCN
| Q4 25 | 17.1% | 42.5% | ||
| Q3 25 | 23.7% | 42.8% | ||
| Q2 25 | 20.6% | 42.1% | ||
| Q1 25 | 14.8% | 42.0% | ||
| Q4 24 | 17.5% | 41.4% | ||
| Q3 24 | 24.6% | 42.5% | ||
| Q2 24 | 22.1% | 42.1% | ||
| Q1 24 | 16.2% | 41.1% |
营业利润率AWXWCN
| Q4 25 | 0.4% | 17.7% | ||
| Q3 25 | 9.1% | 17.9% | ||
| Q2 25 | 3.7% | 19.1% | ||
| Q1 25 | -7.2% | 17.5% | ||
| Q4 24 | -0.8% | -8.8% | ||
| Q3 24 | 9.4% | 20.3% | ||
| Q2 24 | 6.3% | 18.9% | ||
| Q1 24 | -2.7% | 17.7% |
净利率AWXWCN
| Q4 25 | -1.7% | 10.9% | ||
| Q3 25 | 7.4% | 11.6% | ||
| Q2 25 | 1.4% | 12.1% | ||
| Q1 25 | -9.3% | 10.8% | ||
| Q4 24 | -2.8% | -8.7% | ||
| Q3 24 | 7.6% | 13.2% | ||
| Q2 24 | 4.1% | 12.3% | ||
| Q1 24 | -5.2% | 11.1% |
每股收益（稀释后）AWXWCN
| Q4 25 | — | $1.01 | ||
| Q3 25 | — | $1.11 | ||
| Q2 25 | — | $1.12 | ||
| Q1 25 | — | $0.93 | ||
| Q4 24 | — | $-0.76 | ||
| Q3 24 | — | $1.19 | ||
| Q2 24 | — | $1.07 | ||
| Q1 24 | — | $0.89 |
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 | $4.1M | $46.0M |
| 总债务越低越好 | — | $8.8B |
| 股东权益账面价值 | $38.4M | $8.2B |
| 总资产 | $87.4M | $21.1B |
| 负债/权益比越低杠杆越低 | — | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资AWXWCN
| Q4 25 | $4.1M | $46.0M | ||
| Q3 25 | $4.6M | $117.6M | ||
| Q2 25 | $3.7M | $110.2M | ||
| Q1 25 | $1.3M | $111.2M | ||
| Q4 24 | $2.8M | $62.4M | ||
| Q3 24 | $3.9M | $115.3M | ||
| Q2 24 | $3.8M | $78.7M | ||
| Q1 24 | $1.2M | $112.0M |
总债务AWXWCN
| Q4 25 | — | $8.8B | ||
| Q3 25 | — | $8.6B | ||
| Q2 25 | — | $8.3B | ||
| Q1 25 | — | $8.4B | ||
| Q4 24 | — | $8.1B | ||
| Q3 24 | — | $8.2B | ||
| Q2 24 | — | $7.7B | ||
| Q1 24 | — | $7.8B |
股东权益AWXWCN
| Q4 25 | $38.4M | $8.2B | ||
| Q3 25 | $38.7M | $8.1B | ||
| Q2 25 | $36.8M | $8.4B | ||
| Q1 25 | $36.5M | $8.0B | ||
| Q4 24 | $38.0M | $7.9B | ||
| Q3 24 | $38.5M | $8.3B | ||
| Q2 24 | $36.7M | $8.0B | ||
| Q1 24 | $35.7M | $7.8B |
总资产AWXWCN
| Q4 25 | $87.4M | $21.1B | ||
| Q3 25 | $90.7M | $20.8B | ||
| Q2 25 | $88.1M | $20.7B | ||
| Q1 25 | $87.6M | $20.3B | ||
| Q4 24 | $86.2M | $19.8B | ||
| Q3 24 | $89.1M | $20.1B | ||
| Q2 24 | $91.7M | $19.3B | ||
| Q1 24 | $90.6M | $19.1B |
负债/权益比AWXWCN
| Q4 25 | — | 1.07× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 0.99× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | 1.00× |
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 | $278.0K | $556.9M |
| 自由现金流经营现金流 - 资本支出 | $-166.0K | $172.6M |
| 自由现金流率自由现金流/营收 | -0.8% | 7.3% |
| 资本支出强度资本支出/营收 | 2.1% | 16.2% |
| 现金转化率经营现金流/净利润 | — | 2.15× |
| 过去12个月自由现金流最近4个季度 | $2.1M | $1.2B |
8季度趋势，按日历期对齐
经营现金流AWXWCN
| Q4 25 | $278.0K | $556.9M | ||
| Q3 25 | $1.5M | $677.4M | ||
| Q2 25 | $3.0M | $638.2M | ||
| Q1 25 | $-982.0K | $541.5M | ||
| Q4 24 | $-579.0K | $568.9M | ||
| Q3 24 | $342.0K | $558.3M | ||
| Q2 24 | $3.2M | $611.4M | ||
| Q1 24 | $411.0K | $490.3M |
自由现金流AWXWCN
| Q4 25 | $-166.0K | $172.6M | ||
| Q3 25 | $852.0K | $380.3M | ||
| Q2 25 | $2.7M | $352.9M | ||
| Q1 25 | $-1.4M | $329.1M | ||
| Q4 24 | $-1.1M | $172.2M | ||
| Q3 24 | $-660.0K | $286.2M | ||
| Q2 24 | $2.9M | $394.2M | ||
| Q1 24 | $56.0K | $320.4M |
自由现金流率AWXWCN
| Q4 25 | -0.8% | 7.3% | ||
| Q3 25 | 3.3% | 15.5% | ||
| Q2 25 | 13.5% | 14.7% | ||
| Q1 25 | -8.5% | 14.8% | ||
| Q4 24 | -6.4% | 7.6% | ||
| Q3 24 | -2.7% | 12.2% | ||
| Q2 24 | 12.4% | 17.5% | ||
| Q1 24 | 0.3% | 15.5% |
资本支出强度AWXWCN
| Q4 25 | 2.1% | 16.2% | ||
| Q3 25 | 2.3% | 12.1% | ||
| Q2 25 | 1.4% | 11.9% | ||
| Q1 25 | 2.4% | 9.5% | ||
| Q4 24 | 3.1% | 17.6% | ||
| Q3 24 | 4.1% | 11.6% | ||
| Q2 24 | 1.5% | 9.7% | ||
| Q1 24 | 1.9% | 8.2% |
现金转化率AWXWCN
| Q4 25 | — | 2.15× | ||
| Q3 25 | 0.76× | 2.37× | ||
| Q2 25 | 11.07× | 2.20× | ||
| Q1 25 | — | 2.24× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.19× | 1.81× | ||
| Q2 24 | 3.35× | 2.22× | ||
| Q1 24 | — | 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
AWX
暂无分部数据
WCN
| Southern | $552.9M | 23% |
| Central | $450.9M | 19% |
| Landfill | $386.5M | 16% |
| Transfer | $370.6M | 16% |
| Other | $347.9M | 15% |
| Exploration And Production Waste Treatment Recovery And Disposal | $171.1M | 7% |
| Solid Waste Recycling | $51.2M | 2% |
| Intermodal And Other | $42.3M | 2% |
