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CALIFORNIA WATER SERVICE GROUP（CWT）与Ranger Energy Services, Inc.（RNGR）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Ranger Energy Services, Inc.的1.5倍（$210.7M vs $142.2M），CALIFORNIA WATER SERVICE GROUP净利率更高（5.4% vs 2.3%，领先3.2%），Ranger Energy Services, Inc.同比增速更快（-0.6% vs -3.3%），过去两年CALIFORNIA WATER SERVICE GROUP的营收复合增速更高（16.6% vs 1.9%）
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。
Ranger Energy Services是北美领先的陆上油田服务提供商，为上游油气运营商提供完井、修井、钻机作业及产能优化等全套解决方案，业务主要覆盖美国本土的页岩和致密资源开采作业区。
CWT vs RNGR — 直观对比
营收规模更大
CWT
是对方的1.5倍
$142.2M
营收增速更快
RNGR
高出2.6%
-3.3%
净利率更高
CWT
高出3.2%
2.3%
两年增速更快
CWT
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $210.7M | $142.2M |
| 净利润 | $11.5M | $3.2M |
| 毛利率 | — | — |
| 营业利润率 | 12.2% | 2.3% |
| 净利率 | 5.4% | 2.3% |
| 营收同比 | -3.3% | -0.6% |
| 净利润同比 | -41.0% | -44.8% |
| 每股收益（稀释后） | $0.19 | $0.14 |
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CWTRNGR
| Q4 25 | $210.7M | $142.2M | ||
| Q3 25 | $314.1M | $128.9M | ||
| Q2 25 | $256.2M | $140.6M | ||
| Q1 25 | $182.7M | $135.2M | ||
| Q4 24 | $217.8M | $143.1M | ||
| Q3 24 | $306.2M | $153.0M | ||
| Q2 24 | $226.7M | $138.1M | ||
| Q1 24 | $154.9M | $136.9M |
净利润CWTRNGR
| Q4 25 | $11.5M | $3.2M | ||
| Q3 25 | $61.2M | $1.2M | ||
| Q2 25 | $42.2M | $7.3M | ||
| Q1 25 | $13.3M | $600.0K | ||
| Q4 24 | $19.5M | $5.8M | ||
| Q3 24 | $60.7M | $8.7M | ||
| Q2 24 | $40.6M | $4.7M | ||
| Q1 24 | $69.9M | $-800.0K |
营业利润率CWTRNGR
| Q4 25 | 12.2% | 2.3% | ||
| Q3 25 | 22.5% | 2.0% | ||
| Q2 25 | 20.2% | 6.1% | ||
| Q1 25 | 12.2% | 0.7% | ||
| Q4 24 | 14.8% | 6.2% | ||
| Q3 24 | 21.8% | 8.4% | ||
| Q2 24 | 21.2% | 5.3% | ||
| Q1 24 | 50.3% | -0.4% |
净利率CWTRNGR
| Q4 25 | 5.4% | 2.3% | ||
| Q3 25 | 19.5% | 0.9% | ||
| Q2 25 | 16.5% | 5.2% | ||
| Q1 25 | 7.3% | 0.4% | ||
| Q4 24 | 8.9% | 4.1% | ||
| Q3 24 | 19.8% | 5.7% | ||
| Q2 24 | 17.9% | 3.4% | ||
| Q1 24 | 45.1% | -0.6% |
每股收益（稀释后）CWTRNGR
| Q4 25 | $0.19 | $0.14 | ||
| Q3 25 | $1.03 | $0.05 | ||
| Q2 25 | $0.71 | $0.32 | ||
| Q1 25 | $0.22 | $0.03 | ||
| Q4 24 | $0.31 | $0.24 | ||
| Q3 24 | $1.03 | $0.39 | ||
| Q2 24 | $0.70 | $0.21 | ||
| Q1 24 | $1.21 | $-0.03 |
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 | $10.3M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $1.7B | $300.1M |
| 总资产 | $5.7B | $419.3M |
| 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CWTRNGR
| Q4 25 | $51.8M | $10.3M | ||
| Q3 25 | $76.0M | $45.2M | ||
| Q2 25 | $50.5M | $48.9M | ||
| Q1 25 | $44.5M | $40.3M | ||
| Q4 24 | $50.1M | $40.9M | ||
| Q3 24 | $59.6M | $14.8M | ||
| Q2 24 | $37.3M | $8.7M | ||
| Q1 24 | $42.8M | $11.1M |
总债务CWTRNGR
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益CWTRNGR
| Q4 25 | $1.7B | $300.1M | ||
| Q3 25 | $1.7B | $270.0M | ||
| Q2 25 | $1.7B | $276.9M | ||
| Q1 25 | $1.6B | $272.6M | ||
| Q4 24 | $1.6B | $273.8M | ||
| Q3 24 | $1.6B | $267.6M | ||
| Q2 24 | $1.5B | $260.5M | ||
| Q1 24 | $1.5B | $261.7M |
总资产CWTRNGR
| Q4 25 | $5.7B | $419.3M | ||
| Q3 25 | $5.5B | $372.8M | ||
| Q2 25 | $5.4B | $381.7M | ||
| Q1 25 | $5.3B | $376.5M | ||
| Q4 24 | $5.2B | $381.6M | ||
| Q3 24 | $5.0B | $373.9M | ||
| Q2 24 | $4.9B | $359.6M | ||
| Q1 24 | $4.8B | $355.5M |
负债/权益比CWTRNGR
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.67× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $24.1M |
| 自由现金流经营现金流 - 资本支出 | — | $17.1M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 4.9% |
| 现金转化率经营现金流/净利润 | 4.17× | 7.53× |
| 过去12个月自由现金流最近4个季度 | — | $42.9M |
8季度趋势，按日历期对齐
经营现金流CWTRNGR
| Q4 25 | $47.9M | $24.1M | ||
| Q3 25 | $167.3M | $13.6M | ||
| Q2 25 | $48.9M | $20.7M | ||
| Q1 25 | $38.4M | $10.6M | ||
| Q4 24 | $68.1M | $32.7M | ||
| Q3 24 | $101.8M | $17.7M | ||
| Q2 24 | $94.4M | $22.1M | ||
| Q1 24 | $26.5M | $12.0M |
自由现金流CWTRNGR
| Q4 25 | — | $17.1M | ||
| Q3 25 | — | $8.0M | ||
| Q2 25 | — | $14.4M | ||
| Q1 25 | — | $3.4M | ||
| Q4 24 | — | $27.3M | ||
| Q3 24 | — | $10.8M | ||
| Q2 24 | — | $6.8M | ||
| Q1 24 | — | $5.5M |
自由现金流率CWTRNGR
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 7.1% | ||
| Q2 24 | — | 4.9% | ||
| Q1 24 | — | 4.0% |
资本支出强度CWTRNGR
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 11.1% | ||
| Q1 24 | — | 4.7% |
现金转化率CWTRNGR
| Q4 25 | 4.17× | 7.53× | ||
| Q3 25 | 2.73× | 11.33× | ||
| Q2 25 | 1.16× | 2.84× | ||
| Q1 25 | 2.88× | 17.67× | ||
| Q4 24 | 3.50× | 5.64× | ||
| Q3 24 | 1.68× | 2.03× | ||
| Q2 24 | 2.33× | 4.70× | ||
| 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% |
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
