vs
CALIFORNIA WATER SERVICE GROUP（CWT）与PURE CYCLE CORP（PCYO）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PURE CYCLE CORP的23.1倍（$210.7M vs $9.1M）。PURE CYCLE CORP净利率更高（50.0% vs 5.4%，领先44.5%）。PURE CYCLE CORP同比增速更快（58.8% vs -3.3%）。过去两年PURE CYCLE CORP的营收复合增速更高（69.0% 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。
Pure Cycle Corp是一家自行车企业，2010年由迈克尔·费希曼、乔丹·肖、扎卡里·肖与奥斯汀·斯托弗斯创立，原名Pure Fix Cycles，总部位于美国加利福尼亚州洛杉矶，主营自行车相关业务。
CWT vs PCYO — 直观对比
营收规模更大
CWT
是对方的23.1倍
$9.1M
营收增速更快
PCYO
高出62.1%
-3.3%
净利率更高
PCYO
高出44.5%
5.4%
两年增速更快
PCYO
近两年复合增速
16.6%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $210.7M | $9.1M |
| 净利润 | $11.5M | $4.6M |
| 毛利率 | — | 68.4% |
| 营业利润率 | 12.2% | 48.0% |
| 净利率 | 5.4% | 50.0% |
| 营收同比 | -3.3% | 58.8% |
| 净利润同比 | -41.0% | 16.0% |
| 每股收益（稀释后） | $0.19 | $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CWTPCYO
| Q4 25 | $210.7M | $9.1M | ||
| Q3 25 | $314.1M | $11.2M | ||
| Q2 25 | $256.2M | $5.1M | ||
| Q1 25 | $182.7M | $4.0M | ||
| Q4 24 | $217.8M | $5.8M | ||
| Q3 24 | $306.2M | $12.6M | ||
| Q2 24 | $226.7M | $7.6M | ||
| Q1 24 | $154.9M | $3.2M |
净利润CWTPCYO
| Q4 25 | $11.5M | $4.6M | ||
| Q3 25 | $61.2M | $6.1M | ||
| Q2 25 | $42.2M | $2.3M | ||
| Q1 25 | $13.3M | $809.0K | ||
| Q4 24 | $19.5M | $3.9M | ||
| Q3 24 | $60.7M | $6.6M | ||
| Q2 24 | $40.6M | $2.8M | ||
| Q1 24 | $69.9M | $118.0K |
毛利率CWTPCYO
| Q4 25 | — | 68.4% | ||
| Q3 25 | — | 67.7% | ||
| Q2 25 | — | 63.4% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 63.8% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 64.0% | ||
| Q1 24 | — | 55.6% |
营业利润率CWTPCYO
| Q4 25 | 12.2% | 48.0% | ||
| Q3 25 | 22.5% | 53.1% | ||
| Q2 25 | 20.2% | 26.0% | ||
| Q1 25 | 12.2% | -33.2% | ||
| Q4 24 | 14.8% | 29.9% | ||
| Q3 24 | 21.8% | 62.0% | ||
| Q2 24 | 21.2% | 40.3% | ||
| Q1 24 | 50.3% | -11.5% |
净利率CWTPCYO
| Q4 25 | 5.4% | 50.0% | ||
| Q3 25 | 19.5% | 54.5% | ||
| Q2 25 | 16.5% | 43.9% | ||
| Q1 25 | 7.3% | 20.3% | ||
| Q4 24 | 8.9% | 68.4% | ||
| Q3 24 | 19.8% | 52.6% | ||
| Q2 24 | 17.9% | 37.2% | ||
| Q1 24 | 45.1% | 3.7% |
每股收益（稀释后）CWTPCYO
| Q4 25 | $0.19 | $0.19 | ||
| Q3 25 | $1.03 | $0.26 | ||
| Q2 25 | $0.71 | $0.09 | ||
| Q1 25 | $0.22 | $0.03 | ||
| Q4 24 | $0.31 | $0.16 | ||
| Q3 24 | $1.03 | $0.27 | ||
| Q2 24 | $0.70 | $0.12 | ||
| Q1 24 | $1.21 | $0.00 |
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 | $17.1M |
| 总债务越低越好 | $1.5B | $8.0M |
| 股东权益账面价值 | $1.7B | $147.5M |
| 总资产 | $5.7B | $168.1M |
| 负债/权益比越低杠杆越低 | 0.87× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资CWTPCYO
| Q4 25 | $51.8M | $17.1M | ||
| Q3 25 | $76.0M | $21.9M | ||
| Q2 25 | $50.5M | $14.4M | ||
| Q1 25 | $44.5M | $16.5M | ||
| Q4 24 | $50.1M | $19.0M | ||
| Q3 24 | $59.6M | $22.1M | ||
| Q2 24 | $37.3M | $20.5M | ||
| Q1 24 | $42.8M | $20.6M |
总债务CWTPCYO
| Q4 25 | $1.5B | $8.0M | ||
| Q3 25 | $1.1B | $6.8M | ||
| Q2 25 | $1.1B | $6.9M | ||
| Q1 25 | $1.1B | $6.9M | ||
| Q4 24 | $1.1B | $6.9M | ||
| Q3 24 | — | $6.9M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CWTPCYO
| Q4 25 | $1.7B | $147.5M | ||
| Q3 25 | $1.7B | $142.7M | ||
| Q2 25 | $1.7B | $136.7M | ||
| Q1 25 | $1.6B | $134.4M | ||
| Q4 24 | $1.6B | $133.6M | ||
| Q3 24 | $1.6B | $129.7M | ||
| Q2 24 | $1.5B | $123.2M | ||
| Q1 24 | $1.5B | $120.4M |
总资产CWTPCYO
| Q4 25 | $5.7B | $168.1M | ||
| Q3 25 | $5.5B | $162.3M | ||
| Q2 25 | $5.4B | $151.7M | ||
| Q1 25 | $5.3B | $149.7M | ||
| Q4 24 | $5.2B | $149.7M | ||
| Q3 24 | $5.0B | $147.4M | ||
| Q2 24 | $4.9B | $140.4M | ||
| Q1 24 | $4.8B | $135.2M |
负债/权益比CWTPCYO
| Q4 25 | 0.87× | 0.05× | ||
| Q3 25 | 0.65× | 0.05× | ||
| Q2 25 | 0.67× | 0.05× | ||
| Q1 25 | 0.68× | 0.05× | ||
| Q4 24 | 0.67× | 0.05× | ||
| Q3 24 | — | 0.05× | ||
| 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 | $-979.0K |
| 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× | -0.21× |
| 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CWTPCYO
| Q4 25 | $47.9M | $-979.0K | ||
| Q3 25 | $167.3M | $9.4M | ||
| Q2 25 | $48.9M | $-503.0K | ||
| Q1 25 | $38.4M | $-1.4M | ||
| Q4 24 | $68.1M | $5.7M | ||
| Q3 24 | $101.8M | $3.1M | ||
| Q2 24 | $94.4M | $892.0K | ||
| Q1 24 | $26.5M | $-457.0K |
现金转化率CWTPCYO
| Q4 25 | 4.17× | -0.21× | ||
| Q3 25 | 2.73× | 1.53× | ||
| Q2 25 | 1.16× | -0.22× | ||
| Q1 25 | 2.88× | -1.70× | ||
| Q4 24 | 3.50× | 1.44× | ||
| Q3 24 | 1.68× | 0.47× | ||
| Q2 24 | 2.33× | 0.32× | ||
| Q1 24 | 0.38× | -3.87× |
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% |
PCYO
| Construction | $6.5M | 71% |
| Water And Wastewater Resource Development Segment | $2.5M | 27% |
