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CALIFORNIA WATER SERVICE GROUP（CWT）与STURM RUGER & CO INC（RGR）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STURM RUGER & CO INC的1.4倍（$210.7M vs $151.1M），STURM RUGER & CO INC同比增速更快（3.6% vs -3.3%），过去两年CALIFORNIA WATER SERVICE GROUP的营收复合增速更高（16.6% vs 5.1%）
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。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
CWT vs RGR — 直观对比
营收规模更大
CWT
是对方的1.4倍
$151.1M
营收增速更快
RGR
高出6.9%
-3.3%
两年增速更快
CWT
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $210.7M | $151.1M |
| 净利润 | $11.5M | — |
| 毛利率 | — | 17.8% |
| 营业利润率 | 12.2% | 2.3% |
| 净利率 | 5.4% | — |
| 营收同比 | -3.3% | 3.6% |
| 净利润同比 | -41.0% | — |
| 每股收益（稀释后） | $0.19 | $0.22 |
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CWTRGR
| Q4 25 | $210.7M | $151.1M | ||
| Q3 25 | $314.1M | $126.8M | ||
| Q2 25 | $256.2M | $132.5M | ||
| Q1 25 | $182.7M | $135.7M | ||
| Q4 24 | $217.8M | $145.8M | ||
| Q3 24 | $306.2M | $122.3M | ||
| Q2 24 | $226.7M | $130.8M | ||
| Q1 24 | $154.9M | $136.8M |
净利润CWTRGR
| Q4 25 | $11.5M | — | ||
| Q3 25 | $61.2M | $1.6M | ||
| Q2 25 | $42.2M | $-17.2M | ||
| Q1 25 | $13.3M | $7.8M | ||
| Q4 24 | $19.5M | — | ||
| Q3 24 | $60.7M | $4.7M | ||
| Q2 24 | $40.6M | $8.3M | ||
| Q1 24 | $69.9M | $7.1M |
毛利率CWTRGR
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 22.8% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.5% |
营业利润率CWTRGR
| Q4 25 | 12.2% | 2.3% | ||
| Q3 25 | 22.5% | -2.7% | ||
| Q2 25 | 20.2% | -15.6% | ||
| Q1 25 | 12.2% | 6.2% | ||
| Q4 24 | 14.8% | 7.8% | ||
| Q3 24 | 21.8% | 3.1% | ||
| Q2 24 | 21.2% | 6.9% | ||
| Q1 24 | 50.3% | 5.5% |
净利率CWTRGR
| Q4 25 | 5.4% | — | ||
| Q3 25 | 19.5% | 1.2% | ||
| Q2 25 | 16.5% | -13.0% | ||
| Q1 25 | 7.3% | 5.7% | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 19.8% | 3.9% | ||
| Q2 24 | 17.9% | 6.3% | ||
| Q1 24 | 45.1% | 5.2% |
每股收益（稀释后）CWTRGR
| Q4 25 | $0.19 | $0.22 | ||
| Q3 25 | $1.03 | $0.10 | ||
| Q2 25 | $0.71 | $-1.05 | ||
| Q1 25 | $0.22 | $0.46 | ||
| Q4 24 | $0.31 | $0.62 | ||
| Q3 24 | $1.03 | $0.28 | ||
| Q2 24 | $0.70 | $0.47 | ||
| Q1 24 | $1.21 | $0.40 |
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 | $92.5M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $1.7B | $283.8M |
| 总资产 | $5.7B | $342.0M |
| 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CWTRGR
| Q4 25 | $51.8M | $92.5M | ||
| Q3 25 | $76.0M | $80.8M | ||
| Q2 25 | $50.5M | $101.4M | ||
| Q1 25 | $44.5M | $108.3M | ||
| Q4 24 | $50.1M | $105.5M | ||
| Q3 24 | $59.6M | $96.0M | ||
| Q2 24 | $37.3M | $105.6M | ||
| Q1 24 | $42.8M | $115.3M |
总债务CWTRGR
| 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CWTRGR
| Q4 25 | $1.7B | $283.8M | ||
| Q3 25 | $1.7B | $279.6M | ||
| Q2 25 | $1.7B | $289.3M | ||
| Q1 25 | $1.6B | $321.5M | ||
| Q4 24 | $1.6B | $319.6M | ||
| Q3 24 | $1.6B | $314.9M | ||
| Q2 24 | $1.5B | $321.5M | ||
| Q1 24 | $1.5B | $332.0M |
总资产CWTRGR
| Q4 25 | $5.7B | $342.0M | ||
| Q3 25 | $5.5B | $342.3M | ||
| Q2 25 | $5.4B | $349.5M | ||
| Q1 25 | $5.3B | $379.0M | ||
| Q4 24 | $5.2B | $384.0M | ||
| Q3 24 | $5.0B | $373.5M | ||
| Q2 24 | $4.9B | $376.7M | ||
| Q1 24 | $4.8B | $385.0M |
负债/权益比CWTRGR
| 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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | — | $12.3M |
| 自由现金流率自由现金流/营收 | — | 8.2% |
| 资本支出强度资本支出/营收 | — | 2.1% |
| 现金转化率经营现金流/净利润 | 4.17× | — |
| 过去12个月自由现金流最近4个季度 | — | $38.5M |
8季度趋势，按日历期对齐
经营现金流CWTRGR
| Q4 25 | $47.9M | $15.5M | ||
| Q3 25 | $167.3M | $12.9M | ||
| Q2 25 | $48.9M | $14.7M | ||
| Q1 25 | $38.4M | $11.1M | ||
| Q4 24 | $68.1M | $20.0M | ||
| Q3 24 | $101.8M | $9.4M | ||
| Q2 24 | $94.4M | $18.7M | ||
| Q1 24 | $26.5M | $7.3M |
自由现金流CWTRGR
| Q4 25 | — | $12.3M | ||
| Q3 25 | — | $7.0M | ||
| Q2 25 | — | $9.1M | ||
| Q1 25 | — | $10.0M | ||
| Q4 24 | — | $16.4M | ||
| Q3 24 | — | $2.6M | ||
| Q2 24 | — | $10.1M | ||
| Q1 24 | — | $5.6M |
自由现金流率CWTRGR
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | — | 6.9% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 7.7% | ||
| Q1 24 | — | 4.1% |
资本支出强度CWTRGR
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | 1.3% |
现金转化率CWTRGR
| Q4 25 | 4.17× | — | ||
| Q3 25 | 2.73× | 8.15× | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 2.88× | 1.43× | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | 1.68× | 1.98× | ||
| Q2 24 | 2.33× | 2.27× | ||
| Q1 24 | 0.38× | 1.04× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
