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CALIFORNIA WATER SERVICE GROUP（CWT）与Otter Tail Corp（OTTR）财务数据对比。点击上方公司名可切换其他公司
Otter Tail Corp的季度营收约是CALIFORNIA WATER SERVICE GROUP的1.5倍（$308.1M vs $210.7M），Otter Tail Corp净利率更高（16.8% vs 5.4%，领先11.4%），Otter Tail Corp同比增速更快（1.6% vs -3.3%），过去两年CALIFORNIA WATER SERVICE GROUP的营收复合增速更高（16.6% vs -5.8%）
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。
Otter Tail公司是总部位于美国明尼苏达州弗格斯福尔斯的电力与制造企业，旗下拥有Otter Tail电力公司、BTD制造、T.O.塑料、北方管道产品以及Vinyltech等多家子公司，业务覆盖电力供应及多元制造领域。
CWT vs OTTR — 直观对比
营收规模更大
OTTR
是对方的1.5倍
$210.7M
营收增速更快
OTTR
高出4.9%
-3.3%
净利率更高
OTTR
高出11.4%
5.4%
两年增速更快
CWT
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $210.7M | $308.1M |
| 净利润 | $11.5M | $51.8M |
| 毛利率 | — | — |
| 营业利润率 | 12.2% | 21.9% |
| 净利率 | 5.4% | 16.8% |
| 营收同比 | -3.3% | 1.6% |
| 净利润同比 | -41.0% | -5.6% |
| 每股收益（稀释后） | $0.19 | $1.22 |
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CWTOTTR
| Q4 25 | $210.7M | $308.1M | ||
| Q3 25 | $314.1M | $325.6M | ||
| Q2 25 | $256.2M | $333.0M | ||
| Q1 25 | $182.7M | $337.4M | ||
| Q4 24 | $217.8M | $303.1M | ||
| Q3 24 | $306.2M | $338.0M | ||
| Q2 24 | $226.7M | $342.3M | ||
| Q1 24 | $154.9M | $347.1M |
净利润CWTOTTR
| Q4 25 | $11.5M | $51.8M | ||
| Q3 25 | $61.2M | $78.3M | ||
| Q2 25 | $42.2M | $77.7M | ||
| Q1 25 | $13.3M | $68.1M | ||
| Q4 24 | $19.5M | $54.9M | ||
| Q3 24 | $60.7M | $85.5M | ||
| Q2 24 | $40.6M | $87.0M | ||
| Q1 24 | $69.9M | $74.3M |
营业利润率CWTOTTR
| Q4 25 | 12.2% | 21.9% | ||
| Q3 25 | 22.5% | 29.7% | ||
| Q2 25 | 20.2% | 29.3% | ||
| Q1 25 | 12.2% | 24.9% | ||
| Q4 24 | 14.8% | 22.0% | ||
| Q3 24 | 21.8% | 31.8% | ||
| Q2 24 | 21.2% | 32.4% | ||
| Q1 24 | 50.3% | 27.4% |
净利率CWTOTTR
| Q4 25 | 5.4% | 16.8% | ||
| Q3 25 | 19.5% | 24.0% | ||
| Q2 25 | 16.5% | 23.3% | ||
| Q1 25 | 7.3% | 20.2% | ||
| Q4 24 | 8.9% | 18.1% | ||
| Q3 24 | 19.8% | 25.3% | ||
| Q2 24 | 17.9% | 25.4% | ||
| Q1 24 | 45.1% | 21.4% |
每股收益（稀释后）CWTOTTR
| Q4 25 | $0.19 | $1.22 | ||
| Q3 25 | $1.03 | $1.86 | ||
| Q2 25 | $0.71 | $1.85 | ||
| Q1 25 | $0.22 | $1.62 | ||
| Q4 24 | $0.31 | $1.30 | ||
| Q3 24 | $1.03 | $2.03 | ||
| Q2 24 | $0.70 | $2.07 | ||
| Q1 24 | $1.21 | $1.77 |
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 | $440.5M |
| 总债务越低越好 | $1.5B | $963.6M |
| 股东权益账面价值 | $1.7B | $1.9B |
| 总资产 | $5.7B | $4.0B |
| 负债/权益比越低杠杆越低 | 0.87× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资CWTOTTR
| Q4 25 | $51.8M | $440.5M | ||
| Q3 25 | $76.0M | $379.7M | ||
| Q2 25 | $50.5M | $307.2M | ||
| Q1 25 | $44.5M | $284.8M | ||
| Q4 24 | $50.1M | $295.4M | ||
| Q3 24 | $59.6M | $280.0M | ||
| Q2 24 | $37.3M | $230.7M | ||
| Q1 24 | $42.8M | $238.2M |
总债务CWTOTTR
| Q4 25 | $1.5B | $963.6M | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.1B | $993.5M | ||
| Q4 24 | $1.1B | $943.7M | ||
| Q3 24 | — | $947.0M | ||
| Q2 24 | — | $947.0M | ||
| Q1 24 | — | $947.0M |
股东权益CWTOTTR
| Q4 25 | $1.7B | $1.9B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.6B | $1.7B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.5B | $1.5B |
总资产CWTOTTR
| Q4 25 | $5.7B | $4.0B | ||
| Q3 25 | $5.5B | $3.8B | ||
| Q2 25 | $5.4B | $3.8B | ||
| Q1 25 | $5.3B | $3.7B | ||
| Q4 24 | $5.2B | $3.7B | ||
| Q3 24 | $5.0B | $3.6B | ||
| Q2 24 | $4.9B | $3.5B | ||
| Q1 24 | $4.8B | $3.3B |
负债/权益比CWTOTTR
| Q4 25 | 0.87× | 0.52× | ||
| Q3 25 | 0.65× | 0.57× | ||
| Q2 25 | 0.67× | 0.59× | ||
| Q1 25 | 0.68× | 0.58× | ||
| Q4 24 | 0.67× | 0.57× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.63× |
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 | $97.0M |
| 自由现金流经营现金流 - 资本支出 | — | $22.3M |
| 自由现金流率自由现金流/营收 | — | 7.2% |
| 资本支出强度资本支出/营收 | — | 24.3% |
| 现金转化率经营现金流/净利润 | 4.17× | 1.87× |
| 过去12个月自由现金流最近4个季度 | — | $97.9M |
8季度趋势，按日历期对齐
经营现金流CWTOTTR
| Q4 25 | $47.9M | $97.0M | ||
| Q3 25 | $167.3M | $129.6M | ||
| Q2 25 | $48.9M | $119.9M | ||
| Q1 25 | $38.4M | $39.5M | ||
| Q4 24 | $68.1M | $130.0M | ||
| Q3 24 | $101.8M | $99.3M | ||
| Q2 24 | $94.4M | $151.5M | ||
| Q1 24 | $26.5M | $71.9M |
自由现金流CWTOTTR
| Q4 25 | — | $22.3M | ||
| Q3 25 | — | $40.5M | ||
| Q2 25 | — | $53.7M | ||
| Q1 25 | — | $-18.5M | ||
| Q4 24 | — | $31.1M | ||
| Q3 24 | — | $15.1M | ||
| Q2 24 | — | $50.1M | ||
| Q1 24 | — | $-2.1M |
自由现金流率CWTOTTR
| Q4 25 | — | 7.2% | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | — | 16.1% | ||
| Q1 25 | — | -5.5% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 14.6% | ||
| Q1 24 | — | -0.6% |
资本支出强度CWTOTTR
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 27.4% | ||
| Q2 25 | — | 19.9% | ||
| Q1 25 | — | 17.2% | ||
| Q4 24 | — | 32.6% | ||
| Q3 24 | — | 24.9% | ||
| Q2 24 | — | 29.6% | ||
| Q1 24 | — | 21.3% |
现金转化率CWTOTTR
| Q4 25 | 4.17× | 1.87× | ||
| Q3 25 | 2.73× | 1.65× | ||
| Q2 25 | 1.16× | 1.54× | ||
| Q1 25 | 2.88× | 0.58× | ||
| Q4 24 | 3.50× | 2.37× | ||
| Q3 24 | 1.68× | 1.16× | ||
| Q2 24 | 2.33× | 1.74× | ||
| Q1 24 | 0.38× | 0.97× |
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% |
OTTR
| Retail Commercial And Industrial | $91.0M | 30% |
| Plastics | $81.2M | 26% |
| Manufacturing | $77.2M | 25% |
| Retail Residential | $35.8M | 12% |
| Electric Transmission | $14.4M | 5% |
| Plastic Products | $9.2M | 3% |
| Electric Product Other | $1.8M | 1% |
