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Esperion Therapeutics, Inc.（ESPR）与H2O AMERICA（HTO）财务数据对比。点击上方公司名可切换其他公司
H2O AMERICA的季度营收约是Esperion Therapeutics, Inc.的1.2倍（$199.4M vs $168.4M），Esperion Therapeutics, Inc.同比增速更快（143.7% vs 1.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs 10.6%）
Esperion Therapeutics, Inc.是一家上市美国药企，专注开发用于降低低密度脂蛋白胆固醇的口服小分子药物苯哌多酸，公司总部位于密歇根州安娜堡，目前核心研发管线围绕这款降脂创新药物推进，深耕血脂异常治疗领域的创新药物开发。
H2O Wireless是美国的预付费移动通信服务商，依托AT&T网络运营，隶属于MVNO（移动虚拟网络运营商）Locus通信，自2019年起Locus成为Telrite控股的子公司，此前2010年起曾是KDDI美国旗下资产。该品牌主打无限制套餐服务，支持用户自带或购买无锁智能手机入网，AT&T合约机/锁网机也可兼容使用。
ESPR vs HTO — 直观对比
营收规模更大
HTO
是对方的1.2倍
$168.4M
营收增速更快
ESPR
高出142.3%
1.5%
两年增速更快
HTO
近两年复合增速
10.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $168.4M | $199.4M |
| 净利润 | — | $16.2M |
| 毛利率 | — | — |
| 营业利润率 | 50.6% | 16.6% |
| 净利率 | — | 8.1% |
| 营收同比 | 143.7% | 1.5% |
| 净利润同比 | — | -29.2% |
| 每股收益（稀释后） | $0.32 | $0.45 |
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ESPRHTO
| Q4 25 | $168.4M | $199.4M | ||
| Q3 25 | $87.3M | $243.5M | ||
| Q2 25 | $82.4M | $197.8M | ||
| Q1 25 | $65.0M | $164.9M | ||
| Q4 24 | $69.1M | $196.5M | ||
| Q3 24 | $51.6M | $216.7M | ||
| Q2 24 | $73.8M | $173.1M | ||
| Q1 24 | $137.7M | $150.0M |
净利润ESPRHTO
| Q4 25 | — | $16.2M | ||
| Q3 25 | $-31.3M | $45.1M | ||
| Q2 25 | $-12.7M | $24.7M | ||
| Q1 25 | $-40.5M | $16.6M | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | $-29.5M | $38.7M | ||
| Q2 24 | $-61.9M | $20.7M | ||
| Q1 24 | $61.0M | $11.7M |
营业利润率ESPRHTO
| Q4 25 | 50.6% | 16.6% | ||
| Q3 25 | -11.4% | 26.5% | ||
| Q2 25 | 8.6% | 22.2% | ||
| Q1 25 | -34.0% | 21.8% | ||
| Q4 24 | -6.4% | 22.2% | ||
| Q3 24 | -31.0% | 26.9% | ||
| Q2 24 | 3.5% | 23.4% | ||
| Q1 24 | 52.5% | 18.6% |
净利率ESPRHTO
| Q4 25 | — | 8.1% | ||
| Q3 25 | -35.9% | 18.5% | ||
| Q2 25 | -15.4% | 12.5% | ||
| Q1 25 | -62.2% | 10.0% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | -57.2% | 17.8% | ||
| Q2 24 | -83.9% | 12.0% | ||
| Q1 24 | 44.3% | 7.8% |
每股收益（稀释后）ESPRHTO
| Q4 25 | $0.32 | $0.45 | ||
| Q3 25 | $-0.16 | $1.27 | ||
| Q2 25 | $-0.06 | $0.71 | ||
| Q1 25 | $-0.21 | $0.49 | ||
| Q4 24 | $-0.14 | $0.70 | ||
| Q3 24 | $-0.15 | $1.17 | ||
| Q2 24 | $-0.33 | $0.64 | ||
| Q1 24 | $0.34 | $0.36 |
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 | $167.9M | $20.7M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $-302.0M | $1.5B |
| 总资产 | $465.9M | $5.1B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资ESPRHTO
| Q4 25 | $167.9M | $20.7M | ||
| Q3 25 | $92.4M | $11.3M | ||
| Q2 25 | $86.1M | $19.8M | ||
| Q1 25 | $114.6M | $23.7M | ||
| Q4 24 | $144.8M | $11.1M | ||
| Q3 24 | $144.7M | $4.0M | ||
| Q2 24 | $189.3M | $22.8M | ||
| Q1 24 | $226.6M | $4.5M |
总债务ESPRHTO
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ESPRHTO
| Q4 25 | $-302.0M | $1.5B | ||
| Q3 25 | $-451.4M | $1.5B | ||
| Q2 25 | $-433.5M | $1.5B | ||
| Q1 25 | $-426.2M | $1.4B | ||
| Q4 24 | $-388.7M | $1.4B | ||
| Q3 24 | $-370.2M | $1.3B | ||
| Q2 24 | $-344.2M | $1.3B | ||
| Q1 24 | $-294.3M | $1.2B |
总资产ESPRHTO
| Q4 25 | $465.9M | $5.1B | ||
| Q3 25 | $364.0M | $5.0B | ||
| Q2 25 | $347.1M | $4.8B | ||
| Q1 25 | $324.0M | $4.7B | ||
| Q4 24 | $343.8M | $4.7B | ||
| Q3 24 | $314.1M | $4.6B | ||
| Q2 24 | $352.3M | $4.4B | ||
| Q1 24 | $373.1M | $4.4B |
负债/权益比ESPRHTO
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| 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 | $45.2M | $63.5M |
| 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 | 0.0% | — |
| 现金转化率经营现金流/净利润 | — | 3.92× |
| 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ESPRHTO
| Q4 25 | $45.2M | $63.5M | ||
| Q3 25 | $-4.3M | $77.3M | ||
| Q2 25 | $-31.4M | $60.8M | ||
| Q1 25 | $-22.6M | $43.2M | ||
| Q4 24 | $-35.0M | $41.5M | ||
| Q3 24 | $-35.3M | $53.5M | ||
| Q2 24 | $-7.2M | $49.3M | ||
| Q1 24 | $53.8M | $51.2M |
自由现金流ESPRHTO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-35.5M | — | ||
| Q2 24 | $-7.3M | — | ||
| Q1 24 | $53.8M | — |
自由现金流率ESPRHTO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -68.7% | — | ||
| Q2 24 | -9.9% | — | ||
| Q1 24 | 39.0% | — |
资本支出强度ESPRHTO
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
现金转化率ESPRHTO
| Q4 25 | — | 3.92× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | — | 2.38× | ||
| Q1 24 | 0.88× | 4.38× |
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
ESPR
| Collaboration Revenue | $124.7M | 74% |
| Products | $43.7M | 26% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
