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CALIFORNIA WATER SERVICE GROUP（CWT）与加拿大自然资源有限公司（GWRS）财务数据对比。点击上方公司名可切换其他公司
CALIFORNIA WATER SERVICE GROUP的季度营收约是加拿大自然资源有限公司的15.6倍（$210.7M vs $13.5M）。CALIFORNIA WATER SERVICE GROUP净利率更高（5.4% vs -7.1%，领先12.6%）。加拿大自然资源有限公司同比增速更快（2.2% vs -3.3%）。过去两年CALIFORNIA WATER SERVICE GROUP的营收复合增速更高（16.6% vs 8.0%）
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。
加拿大自然资源有限公司（简称CNRL）是加拿大顶级油气公司，业务主要分布在不列颠哥伦比亚省、阿尔伯塔省、萨斯喀彻温省、曼尼托巴省等加拿大西部省份，同时在北海英国海域、科特迪瓦及加蓬海域拥有海上作业项目，总部设于阿尔伯塔省卡尔加里。
CWT vs GWRS — 直观对比
营收规模更大
CWT
是对方的15.6倍
$13.5M
营收增速更快
GWRS
高出5.5%
-3.3%
净利率更高
CWT
高出12.6%
-7.1%
两年增速更快
CWT
近两年复合增速
8.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $210.7M | $13.5M |
| 净利润 | $11.5M | $-963.0K |
| 毛利率 | — | — |
| 营业利润率 | 12.2% | 2.7% |
| 净利率 | 5.4% | -7.1% |
| 营收同比 | -3.3% | 2.2% |
| 净利润同比 | -41.0% | -317.4% |
| 每股收益（稀释后） | $0.19 | $-0.03 |
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CWTGWRS
| Q4 25 | $210.7M | $13.5M | ||
| Q3 25 | $314.1M | $15.5M | ||
| Q2 25 | $256.2M | $14.2M | ||
| Q1 25 | $182.7M | $12.5M | ||
| Q4 24 | $217.8M | $13.3M | ||
| Q3 24 | $306.2M | $14.3M | ||
| Q2 24 | $226.7M | $13.5M | ||
| Q1 24 | $154.9M | $11.6M |
净利润CWTGWRS
| Q4 25 | $11.5M | $-963.0K | ||
| Q3 25 | $61.2M | $1.7M | ||
| Q2 25 | $42.2M | $1.6M | ||
| Q1 25 | $13.3M | $591.0K | ||
| Q4 24 | $19.5M | $443.0K | ||
| Q3 24 | $60.7M | $2.9M | ||
| Q2 24 | $40.6M | $1.7M | ||
| Q1 24 | $69.9M | $691.0K |
营业利润率CWTGWRS
| Q4 25 | 12.2% | 2.7% | ||
| Q3 25 | 22.5% | 18.8% | ||
| Q2 25 | 20.2% | 18.4% | ||
| Q1 25 | 12.2% | 10.1% | ||
| Q4 24 | 14.8% | 9.9% | ||
| Q3 24 | 21.8% | 27.8% | ||
| Q2 24 | 21.2% | 20.7% | ||
| Q1 24 | 50.3% | 10.9% |
净利率CWTGWRS
| Q4 25 | 5.4% | -7.1% | ||
| Q3 25 | 19.5% | 11.1% | ||
| Q2 25 | 16.5% | 11.3% | ||
| Q1 25 | 7.3% | 4.7% | ||
| Q4 24 | 8.9% | 3.3% | ||
| Q3 24 | 19.8% | 20.4% | ||
| Q2 24 | 17.9% | 12.8% | ||
| Q1 24 | 45.1% | 6.0% |
每股收益（稀释后）CWTGWRS
| Q4 25 | $0.19 | $-0.03 | ||
| Q3 25 | $1.03 | $0.06 | ||
| Q2 25 | $0.71 | $0.06 | ||
| Q1 25 | $0.22 | $0.02 | ||
| Q4 24 | $0.31 | $0.02 | ||
| Q3 24 | $1.03 | $0.12 | ||
| Q2 24 | $0.70 | $0.07 | ||
| Q1 24 | $1.21 | $0.03 |
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 | $4.1M |
| 总债务越低越好 | $1.5B | $133.7M |
| 股东权益账面价值 | $1.7B | $86.6M |
| 总资产 | $5.7B | $482.9M |
| 负债/权益比越低杠杆越低 | 0.87× | 1.54× |
8季度趋势，按日历期对齐
现金及短期投资CWTGWRS
| Q4 25 | $51.8M | $4.1M | ||
| Q3 25 | $76.0M | $15.3M | ||
| Q2 25 | $50.5M | $10.2M | ||
| Q1 25 | $44.5M | $31.5M | ||
| Q4 24 | $50.1M | $9.0M | ||
| Q3 24 | $59.6M | $18.1M | ||
| Q2 24 | $37.3M | $18.1M | ||
| Q1 24 | $42.8M | $20.7M |
总债务CWTGWRS
| Q4 25 | $1.5B | $133.7M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | $118.5M | ||
| Q3 24 | — | $120.4M | ||
| Q2 24 | — | $119.1M | ||
| Q1 24 | — | $121.0M |
股东权益CWTGWRS
| Q4 25 | $1.7B | $86.6M | ||
| Q3 25 | $1.7B | $89.6M | ||
| Q2 25 | $1.7B | $76.7M | ||
| Q1 25 | $1.6B | $77.2M | ||
| Q4 24 | $1.6B | $47.6M | ||
| Q3 24 | $1.6B | $48.8M | ||
| Q2 24 | $1.5B | $47.6M | ||
| Q1 24 | $1.5B | $47.7M |
总资产CWTGWRS
| Q4 25 | $5.7B | $482.9M | ||
| Q3 25 | $5.5B | $480.7M | ||
| Q2 25 | $5.4B | $449.4M | ||
| Q1 25 | $5.3B | $443.9M | ||
| Q4 24 | $5.2B | $405.1M | ||
| Q3 24 | $5.0B | $402.9M | ||
| Q2 24 | $4.9B | $384.5M | ||
| Q1 24 | $4.8B | $381.7M |
负债/权益比CWTGWRS
| Q4 25 | 0.87× | 1.54× | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.67× | 2.49× | ||
| Q3 24 | — | 2.47× | ||
| Q2 24 | — | 2.50× | ||
| Q1 24 | — | 2.54× |
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 | $2.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-15.0M |
| 自由现金流率自由现金流/营收 | — | -110.8% |
| 资本支出强度资本支出/营收 | — | 130.7% |
| 现金转化率经营现金流/净利润 | 4.17× | — |
| 过去12个月自由现金流最近4个季度 | — | $-47.2M |
8季度趋势，按日历期对齐
经营现金流CWTGWRS
| Q4 25 | $47.9M | $2.7M | ||
| Q3 25 | $167.3M | $8.6M | ||
| Q2 25 | $48.9M | $1.4M | ||
| Q1 25 | $38.4M | $7.5M | ||
| Q4 24 | $68.1M | $6.0M | ||
| Q3 24 | $101.8M | $2.2M | ||
| Q2 24 | $94.4M | $5.5M | ||
| Q1 24 | $26.5M | $8.1M |
自由现金流CWTGWRS
| Q4 25 | — | $-15.0M | ||
| Q3 25 | — | $-5.6M | ||
| Q2 25 | — | $-18.8M | ||
| Q1 25 | — | $-7.7M | ||
| Q4 24 | — | $-7.2M | ||
| Q3 24 | — | $-4.7M | ||
| Q2 24 | — | $-943.0K | ||
| Q1 24 | — | $2.3M |
自由现金流率CWTGWRS
| Q4 25 | — | -110.8% | ||
| Q3 25 | — | -36.0% | ||
| Q2 25 | — | -132.2% | ||
| Q1 25 | — | -62.1% | ||
| Q4 24 | — | -54.1% | ||
| Q3 24 | — | -33.1% | ||
| Q2 24 | — | -7.0% | ||
| Q1 24 | — | 19.9% |
资本支出强度CWTGWRS
| Q4 25 | — | 130.7% | ||
| Q3 25 | — | 91.7% | ||
| Q2 25 | — | 141.7% | ||
| Q1 25 | — | 122.1% | ||
| Q4 24 | — | 99.3% | ||
| Q3 24 | — | 48.6% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 49.6% |
现金转化率CWTGWRS
| Q4 25 | 4.17× | — | ||
| Q3 25 | 2.73× | 5.04× | ||
| Q2 25 | 1.16× | 0.84× | ||
| Q1 25 | 2.88× | 12.65× | ||
| Q4 24 | 3.50× | 13.52× | ||
| Q3 24 | 1.68× | 0.76× | ||
| Q2 24 | 2.33× | 3.18× | ||
| Q1 24 | 0.38× | 11.68× |
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% |
GWRS
暂无分部数据
