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Bandwidth Inc.（BAND）与H2O AMERICA（HTO）财务数据对比。点击上方公司名可切换其他公司
Bandwidth Inc.的季度营收约是H2O AMERICA的1.0倍（$208.8M vs $199.4M），H2O AMERICA净利率更高（8.1% vs 1.9%，领先6.2%），Bandwidth Inc.同比增速更快（20.1% vs 1.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs 9.7%）
Bandwidth Inc.是一家通信平台即服务提供商，依托自有全球IP语音网络，为客户提供语音、短信及应急服务相关的软件API产品，帮助开发者便捷集成通信功能，全球客户可借助其方案快速搭建符合需求的通信服务体系。
H2O Wireless是美国的预付费移动通信服务商，依托AT&T网络运营，隶属于MVNO（移动虚拟网络运营商）Locus通信，自2019年起Locus成为Telrite控股的子公司，此前2010年起曾是KDDI美国旗下资产。该品牌主打无限制套餐服务，支持用户自带或购买无锁智能手机入网，AT&T合约机/锁网机也可兼容使用。
BAND vs HTO — 直观对比
营收规模更大
BAND
是对方的1.0倍
$199.4M
营收增速更快
BAND
高出18.6%
1.5%
净利率更高
HTO
高出6.2%
1.9%
两年增速更快
HTO
近两年复合增速
9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $208.8M | $199.4M |
| 净利润 | $4.0M | $16.2M |
| 毛利率 | 37.3% | — |
| 营业利润率 | 60.5% | 16.6% |
| 净利率 | 1.9% | 8.1% |
| 营收同比 | 20.1% | 1.5% |
| 净利润同比 | 200.0% | -29.2% |
| 每股收益（稀释后） | $-0.08 | $0.45 |
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BANDHTO
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $199.4M | ||
| Q3 25 | $191.9M | $243.5M | ||
| Q2 25 | $180.0M | $197.8M | ||
| Q1 25 | $174.2M | $164.9M | ||
| Q4 24 | $210.0M | $196.5M | ||
| Q3 24 | $193.9M | $216.7M | ||
| Q2 24 | $173.6M | $173.1M |
净利润BANDHTO
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $16.2M | ||
| Q3 25 | $-1.2M | $45.1M | ||
| Q2 25 | $-4.9M | $24.7M | ||
| Q1 25 | $-3.7M | $16.6M | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | $413.0K | $38.7M | ||
| Q2 24 | $4.1M | $20.7M |
毛利率BANDHTO
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 41.0% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — |
营业利润率BANDHTO
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 16.6% | ||
| Q3 25 | -1.0% | 26.5% | ||
| Q2 25 | -2.1% | 22.2% | ||
| Q1 25 | -2.7% | 21.8% | ||
| Q4 24 | -1.3% | 22.2% | ||
| Q3 24 | -0.5% | 26.9% | ||
| Q2 24 | -3.5% | 23.4% |
净利率BANDHTO
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | -0.6% | 18.5% | ||
| Q2 25 | -2.7% | 12.5% | ||
| Q1 25 | -2.1% | 10.0% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | 0.2% | 17.8% | ||
| Q2 24 | 2.3% | 12.0% |
每股收益（稀释后）BANDHTO
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.45 | ||
| Q3 25 | $-0.04 | $1.27 | ||
| Q2 25 | $-0.16 | $0.71 | ||
| Q1 25 | $-0.13 | $0.49 | ||
| Q4 24 | $0.27 | $0.70 | ||
| Q3 24 | $0.01 | $1.17 | ||
| Q2 24 | $-0.17 | $0.64 |
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 | $47.3M | $20.7M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $405.7M | $1.5B |
| 总资产 | $984.2M | $5.1B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资BANDHTO
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $20.7M | ||
| Q3 25 | $80.4M | $11.3M | ||
| Q2 25 | $68.1M | $19.8M | ||
| Q1 25 | $41.7M | $23.7M | ||
| Q4 24 | $83.8M | $11.1M | ||
| Q3 24 | $79.9M | $4.0M | ||
| Q2 24 | $76.4M | $22.8M |
总债务BANDHTO
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BANDHTO
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $1.5B | ||
| Q3 25 | $392.7M | $1.5B | ||
| Q2 25 | $384.5M | $1.5B | ||
| Q1 25 | $345.4M | $1.4B | ||
| Q4 24 | $312.5M | $1.4B | ||
| Q3 24 | $336.6M | $1.3B | ||
| Q2 24 | $307.4M | $1.3B |
总资产BANDHTO
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $5.1B | ||
| Q3 25 | $1.0B | $5.0B | ||
| Q2 25 | $1.0B | $4.8B | ||
| Q1 25 | $964.4M | $4.7B | ||
| Q4 24 | $989.2M | $4.7B | ||
| Q3 24 | $1.0B | $4.6B | ||
| Q2 24 | $1.0B | $4.4B |
负债/权益比BANDHTO
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $63.5M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | — |
| 自由现金流率自由现金流/营收 | -0.5% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 3.92× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BANDHTO
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $63.5M | ||
| Q3 25 | $22.2M | $77.3M | ||
| Q2 25 | $31.7M | $60.8M | ||
| Q1 25 | $-3.1M | $43.2M | ||
| Q4 24 | $36.5M | $41.5M | ||
| Q3 24 | $20.5M | $53.5M | ||
| Q2 24 | $24.4M | $49.3M |
自由现金流BANDHTO
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率BANDHTO
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率BANDHTO
| Q1 26 | — | — | ||
| Q4 25 | — | 3.92× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 49.55× | 1.39× | ||
| Q2 24 | 6.03× | 2.38× |
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
BAND
暂无分部数据
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
