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CALIFORNIA WATER SERVICE GROUP（CWT）与REPLIGEN CORP（RGEN）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REPLIGEN CORP的1.1倍（$210.7M vs $197.9M），REPLIGEN CORP净利率更高（6.7% vs 5.4%，领先1.3%），REPLIGEN CORP同比增速更快（13.6% vs -3.3%），过去两年CALIFORNIA WATER SERVICE GROUP的营收复合增速更高（16.6% vs 14.4%）
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。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
CWT vs RGEN — 直观对比
营收规模更大
CWT
是对方的1.1倍
$197.9M
营收增速更快
RGEN
高出16.9%
-3.3%
净利率更高
RGEN
高出1.3%
5.4%
两年增速更快
CWT
近两年复合增速
14.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $210.7M | $197.9M |
| 净利润 | $11.5M | $13.3M |
| 毛利率 | — | 52.5% |
| 营业利润率 | 12.2% | 9.0% |
| 净利率 | 5.4% | 6.7% |
| 营收同比 | -3.3% | 13.6% |
| 净利润同比 | -41.0% | 143.9% |
| 每股收益（稀释后） | $0.19 | $0.24 |
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CWTRGEN
| Q4 25 | $210.7M | $197.9M | ||
| Q3 25 | $314.1M | $188.8M | ||
| Q2 25 | $256.2M | $182.4M | ||
| Q1 25 | $182.7M | $169.2M | ||
| Q4 24 | $217.8M | $174.1M | ||
| Q3 24 | $306.2M | $154.9M | ||
| Q2 24 | $226.7M | $154.1M | ||
| Q1 24 | $154.9M | $151.3M |
净利润CWTRGEN
| Q4 25 | $11.5M | $13.3M | ||
| Q3 25 | $61.2M | $14.9M | ||
| Q2 25 | $42.2M | $14.9M | ||
| Q1 25 | $13.3M | $5.8M | ||
| Q4 24 | $19.5M | $-30.3M | ||
| Q3 24 | $60.7M | $-654.0K | ||
| Q2 24 | $40.6M | $3.3M | ||
| Q1 24 | $69.9M | $2.1M |
毛利率CWTRGEN
| Q4 25 | — | 52.5% | ||
| Q3 25 | — | 53.2% | ||
| Q2 25 | — | 50.0% | ||
| Q1 25 | — | 53.6% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 50.0% | ||
| Q2 24 | — | 49.8% | ||
| Q1 24 | — | 49.5% |
营业利润率CWTRGEN
| Q4 25 | 12.2% | 9.0% | ||
| Q3 25 | 22.5% | 8.9% | ||
| Q2 25 | 20.2% | 7.6% | ||
| Q1 25 | 12.2% | 3.9% | ||
| Q4 24 | 14.8% | -17.7% | ||
| Q3 24 | 21.8% | -5.1% | ||
| Q2 24 | 21.2% | 1.0% | ||
| Q1 24 | 50.3% | 1.3% |
净利率CWTRGEN
| Q4 25 | 5.4% | 6.7% | ||
| Q3 25 | 19.5% | 7.9% | ||
| Q2 25 | 16.5% | 8.2% | ||
| Q1 25 | 7.3% | 3.4% | ||
| Q4 24 | 8.9% | -17.4% | ||
| Q3 24 | 19.8% | -0.4% | ||
| Q2 24 | 17.9% | 2.2% | ||
| Q1 24 | 45.1% | 1.4% |
每股收益（稀释后）CWTRGEN
| Q4 25 | $0.19 | $0.24 | ||
| Q3 25 | $1.03 | $0.26 | ||
| Q2 25 | $0.71 | $0.26 | ||
| Q1 25 | $0.22 | $0.10 | ||
| Q4 24 | $0.31 | $-0.55 | ||
| Q3 24 | $1.03 | $-0.01 | ||
| Q2 24 | $0.70 | $0.06 | ||
| Q1 24 | $1.21 | $0.04 |
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 | $767.6M |
| 总债务越低越好 | $1.5B | $542.2M |
| 股东权益账面价值 | $1.7B | $2.1B |
| 总资产 | $5.7B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.87× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资CWTRGEN
| Q4 25 | $51.8M | $767.6M | ||
| Q3 25 | $76.0M | $748.7M | ||
| Q2 25 | $50.5M | $708.9M | ||
| Q1 25 | $44.5M | $697.2M | ||
| Q4 24 | $50.1M | $757.4M | ||
| Q3 24 | $59.6M | $784.0M | ||
| Q2 24 | $37.3M | $809.1M | ||
| Q1 24 | $42.8M | $780.6M |
总债务CWTRGEN
| Q4 25 | $1.5B | $542.2M | ||
| Q3 25 | $1.1B | $537.9M | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CWTRGEN
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.7B | $2.1B | ||
| Q1 25 | $1.6B | $2.0B | ||
| Q4 24 | $1.6B | $2.0B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.5B | $2.0B |
总资产CWTRGEN
| Q4 25 | $5.7B | $2.9B | ||
| Q3 25 | $5.5B | $2.9B | ||
| Q2 25 | $5.4B | $2.9B | ||
| Q1 25 | $5.3B | $2.9B | ||
| Q4 24 | $5.2B | $2.8B | ||
| Q3 24 | $5.0B | $2.8B | ||
| Q2 24 | $4.9B | $2.9B | ||
| Q1 24 | $4.8B | $2.8B |
负债/权益比CWTRGEN
| Q4 25 | 0.87× | 0.26× | ||
| Q3 25 | 0.65× | 0.26× | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.67× | 0.27× | ||
| 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 | $25.7M |
| 自由现金流经营现金流 - 资本支出 | — | $17.6M |
| 自由现金流率自由现金流/营收 | — | 8.9% |
| 资本支出强度资本支出/营收 | — | 4.1% |
| 现金转化率经营现金流/净利润 | 4.17× | 1.93× |
| 过去12个月自由现金流最近4个季度 | — | $93.9M |
8季度趋势，按日历期对齐
经营现金流CWTRGEN
| Q4 25 | $47.9M | $25.7M | ||
| Q3 25 | $167.3M | $48.1M | ||
| Q2 25 | $48.9M | $28.6M | ||
| Q1 25 | $38.4M | $15.0M | ||
| Q4 24 | $68.1M | $39.2M | ||
| Q3 24 | $101.8M | $49.3M | ||
| Q2 24 | $94.4M | $42.2M | ||
| Q1 24 | $26.5M | $44.7M |
自由现金流CWTRGEN
| Q4 25 | — | $17.6M | ||
| Q3 25 | — | $43.4M | ||
| Q2 25 | — | $21.5M | ||
| Q1 25 | — | $11.4M | ||
| Q4 24 | — | $33.6M | ||
| Q3 24 | — | $42.3M | ||
| Q2 24 | — | $37.4M | ||
| Q1 24 | — | $36.4M |
自由现金流率CWTRGEN
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | 23.0% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 27.3% | ||
| Q2 24 | — | 24.3% | ||
| Q1 24 | — | 24.0% |
资本支出强度CWTRGEN
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 5.5% |
现金转化率CWTRGEN
| Q4 25 | 4.17× | 1.93× | ||
| Q3 25 | 2.73× | 3.23× | ||
| Q2 25 | 1.16× | 1.92× | ||
| Q1 25 | 2.88× | 2.57× | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | 1.68× | — | ||
| Q2 24 | 2.33× | 12.70× | ||
| Q1 24 | 0.38× | 21.35× |
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% |
RGEN
暂无分部数据
