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CALIFORNIA WATER SERVICE GROUP（CWT）与OneStream, Inc.（OS）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OneStream, Inc.的1.3倍（$210.7M vs $163.7M），CALIFORNIA WATER SERVICE GROUP净利率更高（5.4% vs 0.6%，领先4.8%），OneStream, Inc.同比增速更快（23.6% vs -3.3%），过去两年OneStream, Inc.的营收复合增速更高（21.8% 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。
Blue Stream面向美国佛罗里达州科勒尔斯普林斯、韦斯顿两地的居民及商业客户，提供有线电视、有线固话、数字录像服务，以及最高速率达1G的宽带互联网接入服务，深耕当地通信市场，为用户提供稳定可靠的多元通信解决方案。
CWT vs OS — 直观对比
营收规模更大
CWT
是对方的1.3倍
$163.7M
营收增速更快
OS
高出26.9%
-3.3%
净利率更高
CWT
高出4.8%
0.6%
两年增速更快
OS
近两年复合增速
16.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $210.7M | $163.7M |
| 净利润 | $11.5M | $999.0K |
| 毛利率 | — | 69.8% |
| 营业利润率 | 12.2% | -3.2% |
| 净利率 | 5.4% | 0.6% |
| 营收同比 | -3.3% | 23.6% |
| 净利润同比 | -41.0% | — |
| 每股收益（稀释后） | $0.19 | — |
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CWTOS
| Q4 25 | $210.7M | $163.7M | ||
| Q3 25 | $314.1M | $154.3M | ||
| Q2 25 | $256.2M | $147.6M | ||
| Q1 25 | $182.7M | $136.3M | ||
| Q4 24 | $217.8M | $132.5M | ||
| Q3 24 | $306.2M | $129.1M | ||
| Q2 24 | $226.7M | $117.5M | ||
| Q1 24 | $154.9M | $110.3M |
净利润CWTOS
| Q4 25 | $11.5M | $999.0K | ||
| Q3 25 | $61.2M | $-8.8M | ||
| Q2 25 | $42.2M | $-18.4M | ||
| Q1 25 | $13.3M | $-24.0M | ||
| Q4 24 | $19.5M | — | ||
| Q3 24 | $60.7M | $-171.9M | ||
| Q2 24 | $40.6M | $-7.8M | ||
| Q1 24 | $69.9M | $-5.0M |
毛利率CWTOS
| Q4 25 | — | 69.8% | ||
| Q3 25 | — | 68.1% | ||
| Q2 25 | — | 68.6% | ||
| Q1 25 | — | 68.0% | ||
| Q4 24 | — | 66.8% | ||
| Q3 24 | — | 50.1% | ||
| Q2 24 | — | 68.5% | ||
| Q1 24 | — | 69.1% |
营业利润率CWTOS
| Q4 25 | 12.2% | -3.2% | ||
| Q3 25 | 22.5% | -11.3% | ||
| Q2 25 | 20.2% | -21.8% | ||
| Q1 25 | 12.2% | -29.3% | ||
| Q4 24 | 14.8% | -35.8% | ||
| Q3 24 | 21.8% | -197.6% | ||
| Q2 24 | 21.2% | -9.8% | ||
| Q1 24 | 50.3% | -4.9% |
净利率CWTOS
| Q4 25 | 5.4% | 0.6% | ||
| Q3 25 | 19.5% | -5.7% | ||
| Q2 25 | 16.5% | -12.5% | ||
| Q1 25 | 7.3% | -17.6% | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 19.8% | -133.1% | ||
| Q2 24 | 17.9% | -6.7% | ||
| Q1 24 | 45.1% | -4.5% |
每股收益（稀释后）CWTOS
| Q4 25 | $0.19 | — | ||
| Q3 25 | $1.03 | — | ||
| Q2 25 | $0.71 | — | ||
| Q1 25 | $0.22 | — | ||
| Q4 24 | $0.31 | — | ||
| Q3 24 | $1.03 | $-1.06 | ||
| Q2 24 | $0.70 | — | ||
| Q1 24 | $1.21 | — |
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 | $693.6M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $1.7B | $504.7M |
| 总资产 | $5.7B | $1.0B |
| 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CWTOS
| Q4 25 | $51.8M | $693.6M | ||
| Q3 25 | $76.0M | $653.9M | ||
| Q2 25 | $50.5M | $652.1M | ||
| Q1 25 | $44.5M | $593.9M | ||
| Q4 24 | $50.1M | $544.2M | ||
| Q3 24 | $59.6M | $495.5M | ||
| Q2 24 | $37.3M | $140.5M | ||
| Q1 24 | $42.8M | — |
总债务CWTOS
| 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CWTOS
| Q4 25 | $1.7B | $504.7M | ||
| Q3 25 | $1.7B | $472.1M | ||
| Q2 25 | $1.7B | $458.2M | ||
| Q1 25 | $1.6B | $412.9M | ||
| Q4 24 | $1.6B | $386.2M | ||
| Q3 24 | $1.6B | $458.2M | ||
| Q2 24 | $1.5B | $97.5M | ||
| Q1 24 | $1.5B | $102.5M |
总资产CWTOS
| Q4 25 | $5.7B | $1.0B | ||
| Q3 25 | $5.5B | $949.4M | ||
| Q2 25 | $5.4B | $910.5M | ||
| Q1 25 | $5.3B | $867.3M | ||
| Q4 24 | $5.2B | $823.2M | ||
| Q3 24 | $5.0B | $750.1M | ||
| Q2 24 | $4.9B | $379.7M | ||
| Q1 24 | $4.8B | — |
负债/权益比CWTOS
| 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 | $25.8M |
| 自由现金流经营现金流 - 资本支出 | — | $25.6M |
| 自由现金流率自由现金流/营收 | — | 15.7% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | 4.17× | 25.79× |
| 过去12个月自由现金流最近4个季度 | — | $95.6M |
8季度趋势，按日历期对齐
经营现金流CWTOS
| Q4 25 | $47.9M | $25.8M | ||
| Q3 25 | $167.3M | $5.0M | ||
| Q2 25 | $48.9M | $29.7M | ||
| Q1 25 | $38.4M | $36.2M | ||
| Q4 24 | $68.1M | — | ||
| Q3 24 | $101.8M | $2.4M | ||
| Q2 24 | $94.4M | $8.1M | ||
| Q1 24 | $26.5M | $25.5M |
自由现金流CWTOS
| Q4 25 | — | $25.6M | ||
| Q3 25 | — | $4.8M | ||
| Q2 25 | — | $29.4M | ||
| Q1 25 | — | $35.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | — | $7.7M | ||
| Q1 24 | — | $24.9M |
自由现金流率CWTOS
| Q4 25 | — | 15.7% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 19.9% | ||
| Q1 25 | — | 26.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | 22.5% |
资本支出强度CWTOS
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.6% |
现金转化率CWTOS
| Q4 25 | 4.17× | 25.79× | ||
| Q3 25 | 2.73× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 2.88× | — | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | 1.68× | — | ||
| 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% |
OS
| Subscription And Circulation | $150.3M | 92% |
| Professional Services And Other | $9.4M | 6% |
| License | $4.0M | 2% |
