vs
CALIFORNIA WATER SERVICE GROUP（CWT）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.1倍（$210.7M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 5.4%，领先42.5%），CALIFORNIA WATER SERVICE GROUP同比增速更快（-3.3% vs -21.9%），过去两年CALIFORNIA WATER SERVICE GROUP的营收复合增速更高（16.6% vs -15.4%）
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。
CWT vs RILY — 直观对比
营收规模更大
CWT
是对方的1.1倍
$188.3M
营收增速更快
CWT
高出18.6%
-21.9%
净利率更高
RILY
高出42.5%
5.4%
两年增速更快
CWT
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $210.7M | $188.3M |
| 净利润 | $11.5M | $90.3M |
| 毛利率 | — | 79.5% |
| 营业利润率 | 12.2% | 32.3% |
| 净利率 | 5.4% | 47.9% |
| 营收同比 | -3.3% | -21.9% |
| 净利润同比 | -41.0% | 1710.8% |
| 每股收益（稀释后） | $0.19 | $2.78 |
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CWTRILY
| Q4 25 | $210.7M | $188.3M | ||
| Q3 25 | $314.1M | $215.3M | ||
| Q2 25 | $256.2M | $188.2M | ||
| Q1 25 | $182.7M | $197.2M | ||
| Q4 24 | $217.8M | $241.0M | ||
| Q3 24 | $306.2M | $225.5M | ||
| Q2 24 | $226.7M | $256.0M | ||
| Q1 24 | $154.9M | $263.4M |
净利润CWTRILY
| Q4 25 | $11.5M | $90.3M | ||
| Q3 25 | $61.2M | $91.1M | ||
| Q2 25 | $42.2M | $139.5M | ||
| Q1 25 | $13.3M | $-10.0M | ||
| Q4 24 | $19.5M | $-5.6M | ||
| Q3 24 | $60.7M | $-284.4M | ||
| Q2 24 | $40.6M | $-433.6M | ||
| Q1 24 | $69.9M | $-49.2M |
毛利率CWTRILY
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | — | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% | ||
| Q1 24 | — | 85.3% |
营业利润率CWTRILY
| Q4 25 | 12.2% | 32.3% | ||
| Q3 25 | 22.5% | 30.4% | ||
| Q2 25 | 20.2% | 5.7% | ||
| Q1 25 | 12.2% | -31.2% | ||
| Q4 24 | 14.8% | -69.2% | ||
| Q3 24 | 21.8% | -36.4% | ||
| Q2 24 | 21.2% | -90.8% | ||
| Q1 24 | 50.3% | -6.1% |
净利率CWTRILY
| Q4 25 | 5.4% | 47.9% | ||
| Q3 25 | 19.5% | 42.3% | ||
| Q2 25 | 16.5% | 74.1% | ||
| Q1 25 | 7.3% | -5.1% | ||
| Q4 24 | 8.9% | -2.3% | ||
| Q3 24 | 19.8% | -126.1% | ||
| Q2 24 | 17.9% | -169.4% | ||
| Q1 24 | 45.1% | -18.7% |
每股收益（稀释后）CWTRILY
| Q4 25 | $0.19 | $2.78 | ||
| Q3 25 | $1.03 | $2.91 | ||
| Q2 25 | $0.71 | $4.50 | ||
| Q1 25 | $0.22 | $-0.39 | ||
| Q4 24 | $0.31 | $-0.01 | ||
| Q3 24 | $1.03 | $-9.39 | ||
| Q2 24 | $0.70 | $-14.35 | ||
| Q1 24 | $1.21 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | $1.5B | $1.4B |
| 股东权益账面价值 | $1.7B | $-171.5M |
| 总资产 | $5.7B | $1.7B |
| 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CWTRILY
| Q4 25 | $51.8M | $226.6M | ||
| Q3 25 | $76.0M | $184.2M | ||
| Q2 25 | $50.5M | $267.4M | ||
| Q1 25 | $44.5M | $138.3M | ||
| Q4 24 | $50.1M | $146.9M | ||
| Q3 24 | $59.6M | $159.2M | ||
| Q2 24 | $37.3M | $236.9M | ||
| Q1 24 | $42.8M | $190.7M |
总债务CWTRILY
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CWTRILY
| Q4 25 | $1.7B | $-171.5M | ||
| Q3 25 | $1.7B | $-260.5M | ||
| Q2 25 | $1.7B | $-351.7M | ||
| Q1 25 | $1.6B | $-496.8M | ||
| Q4 24 | $1.6B | $-488.2M | ||
| Q3 24 | $1.6B | $-497.6M | ||
| Q2 24 | $1.5B | $-218.3M | ||
| Q1 24 | $1.5B | $228.4M |
总资产CWTRILY
| Q4 25 | $5.7B | $1.7B | ||
| Q3 25 | $5.5B | $1.7B | ||
| Q2 25 | $5.4B | $1.5B | ||
| Q1 25 | $5.3B | $1.5B | ||
| Q4 24 | $5.2B | $1.8B | ||
| Q3 24 | $5.0B | $2.2B | ||
| Q2 24 | $4.9B | $3.2B | ||
| Q1 24 | $4.8B | $5.0B |
负债/权益比CWTRILY
| 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 | $26.2M |
| 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× | 0.29× |
| 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CWTRILY
| Q4 25 | $47.9M | $26.2M | ||
| Q3 25 | $167.3M | $-60.6M | ||
| Q2 25 | $48.9M | $-25.6M | ||
| Q1 25 | $38.4M | $184.0K | ||
| Q4 24 | $68.1M | $-2.7M | ||
| Q3 24 | $101.8M | $19.5M | ||
| Q2 24 | $94.4M | $111.5M | ||
| Q1 24 | $26.5M | $135.4M |
现金转化率CWTRILY
| Q4 25 | 4.17× | 0.29× | ||
| Q3 25 | 2.73× | -0.66× | ||
| Q2 25 | 1.16× | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
