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CALIFORNIA WATER SERVICE GROUP（CWT）与Doximity, Inc.（DOCS）财务数据对比。点击上方公司名可切换其他公司
CALIFORNIA WATER SERVICE GROUP的季度营收约是Doximity, Inc.的1.1倍（$210.7M vs $185.1M），Doximity, Inc.净利率更高（33.3% vs 5.4%，领先27.8%），Doximity, Inc.同比增速更快（9.8% vs -3.3%），过去两年Doximity, Inc.的营收复合增速更高（25.2% vs 16.6%）
加利福尼亚水务集团是美国公共事业企业，主营饮用水及污水处理服务，是美国第三大上市投资者所有水务公司，通过加利福尼亚、夏威夷、新墨西哥、华盛顿等州的子公司，为约200万民众提供服务。集团成立于1997年，作为加州水务的控股主体，推动业务向美国其他各州拓展。
Doximity Inc成立于2010年，是面向医疗专业人士的线上社交服务平台，为平台会员提供精选医疗资讯、远程医疗工具，以及病例协作相关功能，助力医疗从业者高效交流信息、开展诊疗相关工作。
CWT vs DOCS — 直观对比
营收规模更大
CWT
是对方的1.1倍
$185.1M
营收增速更快
DOCS
高出13.0%
-3.3%
净利率更高
DOCS
高出27.8%
5.4%
两年增速更快
DOCS
近两年复合增速
16.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $210.7M | $185.1M |
| 净利润 | $11.5M | $61.6M |
| 毛利率 | — | 89.9% |
| 营业利润率 | 12.2% | 38.9% |
| 净利率 | 5.4% | 33.3% |
| 营收同比 | -3.3% | 9.8% |
| 净利润同比 | -41.0% | -18.1% |
| 每股收益（稀释后） | $0.19 | $0.31 |
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CWTDOCS
| Q4 25 | $210.7M | $185.1M | ||
| Q3 25 | $314.1M | $168.5M | ||
| Q2 25 | $256.2M | $145.9M | ||
| Q1 25 | $182.7M | $138.3M | ||
| Q4 24 | $217.8M | $168.6M | ||
| Q3 24 | $306.2M | $136.8M | ||
| Q2 24 | $226.7M | $126.7M | ||
| Q1 24 | $154.9M | $118.1M |
净利润CWTDOCS
| Q4 25 | $11.5M | $61.6M | ||
| Q3 25 | $61.2M | $62.1M | ||
| Q2 25 | $42.2M | $53.3M | ||
| Q1 25 | $13.3M | $62.5M | ||
| Q4 24 | $19.5M | $75.2M | ||
| Q3 24 | $60.7M | $44.2M | ||
| Q2 24 | $40.6M | $41.4M | ||
| Q1 24 | $69.9M | $40.6M |
毛利率CWTDOCS
| Q4 25 | — | 89.9% | ||
| Q3 25 | — | 90.3% | ||
| Q2 25 | — | 89.2% | ||
| Q1 25 | — | 89.5% | ||
| Q4 24 | — | 91.6% | ||
| Q3 24 | — | 90.0% | ||
| Q2 24 | — | 89.3% | ||
| Q1 24 | — | 89.4% |
营业利润率CWTDOCS
| Q4 25 | 12.2% | 38.9% | ||
| Q3 25 | 22.5% | 37.8% | ||
| Q2 25 | 20.2% | 37.4% | ||
| Q1 25 | 12.2% | 35.2% | ||
| Q4 24 | 14.8% | 47.4% | ||
| Q3 24 | 21.8% | 38.8% | ||
| Q2 24 | 21.2% | 36.4% | ||
| Q1 24 | 50.3% | 35.5% |
净利率CWTDOCS
| Q4 25 | 5.4% | 33.3% | ||
| Q3 25 | 19.5% | 36.8% | ||
| Q2 25 | 16.5% | 36.5% | ||
| Q1 25 | 7.3% | 45.2% | ||
| Q4 24 | 8.9% | 44.6% | ||
| Q3 24 | 19.8% | 32.3% | ||
| Q2 24 | 17.9% | 32.7% | ||
| Q1 24 | 45.1% | 34.4% |
每股收益（稀释后）CWTDOCS
| Q4 25 | $0.19 | $0.31 | ||
| Q3 25 | $1.03 | $0.31 | ||
| Q2 25 | $0.71 | $0.27 | ||
| Q1 25 | $0.22 | $0.31 | ||
| Q4 24 | $0.31 | $0.37 | ||
| Q3 24 | $1.03 | $0.22 | ||
| Q2 24 | $0.70 | $0.21 | ||
| Q1 24 | $1.21 | $0.20 |
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 | $51.8M | $64.8M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $1.7B | $979.3M |
| 总资产 | $5.7B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.87× | — |
8季度趋势，按日历期对齐
现金及短期投资CWTDOCS
| Q4 25 | $51.8M | $64.8M | ||
| Q3 25 | $76.0M | $169.2M | ||
| Q2 25 | $50.5M | $137.3M | ||
| Q1 25 | $44.5M | $209.6M | ||
| Q4 24 | $50.1M | $165.3M | ||
| Q3 24 | $59.6M | $184.2M | ||
| Q2 24 | $37.3M | $111.4M | ||
| Q1 24 | $42.8M | $96.8M |
总债务CWTDOCS
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CWTDOCS
| Q4 25 | $1.7B | $979.3M | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.6B | $961.2M | ||
| Q2 24 | $1.5B | $913.6M | ||
| Q1 24 | $1.5B | $901.4M |
总资产CWTDOCS
| Q4 25 | $5.7B | $1.2B | ||
| Q3 25 | $5.5B | $1.3B | ||
| Q2 25 | $5.4B | $1.2B | ||
| Q1 25 | $5.3B | $1.3B | ||
| Q4 24 | $5.2B | $1.2B | ||
| Q3 24 | $5.0B | $1.1B | ||
| Q2 24 | $4.9B | $1.1B | ||
| Q1 24 | $4.8B | $1.1B |
负债/权益比CWTDOCS
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.67× | — | ||
| 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 | $47.9M | $60.9M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | 4.17× | 0.99× |
| 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CWTDOCS
| Q4 25 | $47.9M | $60.9M | ||
| Q3 25 | $167.3M | $93.9M | ||
| Q2 25 | $48.9M | $62.1M | ||
| Q1 25 | $38.4M | $98.5M | ||
| Q4 24 | $68.1M | $65.2M | ||
| Q3 24 | $101.8M | $68.3M | ||
| Q2 24 | $94.4M | $41.2M | ||
| Q1 24 | $26.5M | $63.9M |
资本支出强度CWTDOCS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
现金转化率CWTDOCS
| Q4 25 | 4.17× | 0.99× | ||
| Q3 25 | 2.73× | 1.51× | ||
| Q2 25 | 1.16× | 1.16× | ||
| Q1 25 | 2.88× | 1.58× | ||
| Q4 24 | 3.50× | 0.87× | ||
| Q3 24 | 1.68× | 1.55× | ||
| Q2 24 | 2.33× | 1.00× | ||
| Q1 24 | 0.38× | 1.57× |
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
CWT
| Residential | $133.2M | 63% |
| Business | $47.7M | 23% |
| Public Authorities | $13.4M | 6% |
| Industrial | $6.9M | 3% |
| Non Regulated Services | $4.8M | 2% |
| Other Non Regulated Service | $1.2M | 1% |
DOCS
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
