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CALIFORNIA WATER SERVICE GROUP（CWT）与百胜餐饮集团（LCUT）财务数据对比。点击上方公司名可切换其他公司
CALIFORNIA WATER SERVICE GROUP的季度营收约是百胜餐饮集团的1.0倍（$210.7M vs $204.1M），百胜餐饮集团净利率更高（8.9% vs 5.4%，领先3.4%），CALIFORNIA WATER SERVICE GROUP同比增速更快（-3.3% vs -5.2%），过去两年百胜餐饮集团的营收复合增速更高（19.8% 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。
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
CWT vs LCUT — 直观对比
营收规模更大
CWT
是对方的1.0倍
$204.1M
营收增速更快
CWT
高出1.9%
-5.2%
净利率更高
LCUT
高出3.4%
5.4%
两年增速更快
LCUT
近两年复合增速
16.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $210.7M | $204.1M |
| 净利润 | $11.5M | $18.2M |
| 毛利率 | — | 38.6% |
| 营业利润率 | 12.2% | 9.8% |
| 净利率 | 5.4% | 8.9% |
| 营收同比 | -3.3% | -5.2% |
| 净利润同比 | -41.0% | 103.5% |
| 每股收益（稀释后） | $0.19 | $0.83 |
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CWTLCUT
| Q4 25 | $210.7M | $204.1M | ||
| Q3 25 | $314.1M | $171.9M | ||
| Q2 25 | $256.2M | $131.9M | ||
| Q1 25 | $182.7M | $140.1M | ||
| Q4 24 | $217.8M | $215.2M | ||
| Q3 24 | $306.2M | $183.8M | ||
| Q2 24 | $226.7M | $141.7M | ||
| Q1 24 | $154.9M | $142.2M |
净利润CWTLCUT
| Q4 25 | $11.5M | $18.2M | ||
| Q3 25 | $61.2M | $-1.2M | ||
| Q2 25 | $42.2M | $-39.7M | ||
| Q1 25 | $13.3M | $-4.2M | ||
| Q4 24 | $19.5M | $8.9M | ||
| Q3 24 | $60.7M | $344.0K | ||
| Q2 24 | $40.6M | $-18.2M | ||
| Q1 24 | $69.9M | $-6.3M |
毛利率CWTLCUT
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | 38.6% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | — | 36.7% | ||
| Q2 24 | — | 38.5% | ||
| Q1 24 | — | 40.5% |
营业利润率CWTLCUT
| Q4 25 | 12.2% | 9.8% | ||
| Q3 25 | 22.5% | 3.9% | ||
| Q2 25 | 20.2% | -28.2% | ||
| Q1 25 | 12.2% | 0.8% | ||
| Q4 24 | 14.8% | 7.2% | ||
| Q3 24 | 21.8% | 4.7% | ||
| Q2 24 | 21.2% | 0.8% | ||
| Q1 24 | 50.3% | 1.3% |
净利率CWTLCUT
| Q4 25 | 5.4% | 8.9% | ||
| Q3 25 | 19.5% | -0.7% | ||
| Q2 25 | 16.5% | -30.1% | ||
| Q1 25 | 7.3% | -3.0% | ||
| Q4 24 | 8.9% | 4.1% | ||
| Q3 24 | 19.8% | 0.2% | ||
| Q2 24 | 17.9% | -12.8% | ||
| Q1 24 | 45.1% | -4.4% |
每股收益（稀释后）CWTLCUT
| Q4 25 | $0.19 | $0.83 | ||
| Q3 25 | $1.03 | $-0.05 | ||
| Q2 25 | $0.71 | $-1.83 | ||
| Q1 25 | $0.22 | $-0.19 | ||
| Q4 24 | $0.31 | $0.41 | ||
| Q3 24 | $1.03 | $0.02 | ||
| Q2 24 | $0.70 | $-0.85 | ||
| Q1 24 | $1.21 | $-0.29 |
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 | $4.3M |
| 总债务越低越好 | $1.5B | $135.0M |
| 股东权益账面价值 | $1.7B | $202.3M |
| 总资产 | $5.7B | $572.6M |
| 负债/权益比越低杠杆越低 | 0.87× | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资CWTLCUT
| Q4 25 | $51.8M | $4.3M | ||
| Q3 25 | $76.0M | $12.1M | ||
| Q2 25 | $50.5M | $12.0M | ||
| Q1 25 | $44.5M | $10.4M | ||
| Q4 24 | $50.1M | $2.9M | ||
| Q3 24 | $59.6M | $6.0M | ||
| Q2 24 | $37.3M | $3.4M | ||
| Q1 24 | $42.8M | $4.6M |
总债务CWTLCUT
| Q4 25 | $1.5B | $135.0M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | $142.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CWTLCUT
| Q4 25 | $1.7B | $202.3M | ||
| Q3 25 | $1.7B | $184.6M | ||
| Q2 25 | $1.7B | $185.8M | ||
| Q1 25 | $1.6B | $225.7M | ||
| Q4 24 | $1.6B | $229.9M | ||
| Q3 24 | $1.6B | $220.9M | ||
| Q2 24 | $1.5B | $219.8M | ||
| Q1 24 | $1.5B | $223.7M |
总资产CWTLCUT
| Q4 25 | $5.7B | $572.6M | ||
| Q3 25 | $5.5B | $581.1M | ||
| Q2 25 | $5.4B | $551.9M | ||
| Q1 25 | $5.3B | $594.6M | ||
| Q4 24 | $5.2B | $634.3M | ||
| Q3 24 | $5.0B | $668.7M | ||
| Q2 24 | $4.9B | $617.0M | ||
| Q1 24 | $4.8B | $602.7M |
负债/权益比CWTLCUT
| Q4 25 | 0.87× | 0.67× | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.67× | 0.62× | ||
| 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 | $3.7M |
| 自由现金流经营现金流 - 资本支出 | — | $2.6M |
| 自由现金流率自由现金流/营收 | — | 1.3% |
| 资本支出强度资本支出/营收 | — | 0.6% |
| 现金转化率经营现金流/净利润 | 4.17× | 0.21× |
| 过去12个月自由现金流最近4个季度 | — | $3.3M |
8季度趋势，按日历期对齐
经营现金流CWTLCUT
| Q4 25 | $47.9M | $3.7M | ||
| Q3 25 | $167.3M | $-22.2M | ||
| Q2 25 | $48.9M | $9.3M | ||
| Q1 25 | $38.4M | $16.7M | ||
| Q4 24 | $68.1M | $20.3M | ||
| Q3 24 | $101.8M | $-22.7M | ||
| Q2 24 | $94.4M | $10.4M | ||
| Q1 24 | $26.5M | $10.5M |
自由现金流CWTLCUT
| Q4 25 | — | $2.6M | ||
| Q3 25 | — | $-22.7M | ||
| Q2 25 | — | $8.2M | ||
| Q1 25 | — | $15.1M | ||
| Q4 24 | — | $19.7M | ||
| Q3 24 | — | $-23.2M | ||
| Q2 24 | — | $9.9M | ||
| Q1 24 | — | $9.9M |
自由现金流率CWTLCUT
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | -13.2% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | -12.6% | ||
| Q2 24 | — | 7.0% | ||
| Q1 24 | — | 7.0% |
资本支出强度CWTLCUT
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.4% |
现金转化率CWTLCUT
| Q4 25 | 4.17× | 0.21× | ||
| Q3 25 | 2.73× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 2.88× | — | ||
| Q4 24 | 3.50× | 2.28× | ||
| Q3 24 | 1.68× | -65.89× | ||
| Q2 24 | 2.33× | — | ||
| Q1 24 | 0.38× | — |
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
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% |
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
