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GRID DYNAMICS HOLDINGS, INC.（GDYN）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GRID DYNAMICS HOLDINGS, INC.的1.9倍（$199.4M vs $104.1M），H2O AMERICA净利率更高（8.1% vs -1.4%，领先9.5%），GRID DYNAMICS HOLDINGS, INC.同比增速更快（3.7% vs 1.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs 12.0%）
Escape Dynamics Inc.是一家总部位于科罗拉多州的科技企业，活跃于2010年至2015年，核心业务方向是研发可单级入轨、依靠电磁驱动的可重复使用航天飞机，并推动该项目实现商业化落地。
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。
GDYN vs HTO — 直观对比
营收规模更大
HTO
是对方的1.9倍
$104.1M
营收增速更快
GDYN
高出2.2%
1.5%
净利率更高
HTO
高出9.5%
-1.4%
两年增速更快
HTO
近两年复合增速
12.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $104.1M | $199.4M |
| 净利润 | $-1.5M | $16.2M |
| 毛利率 | 34.8% | — |
| 营业利润率 | 61.7% | 16.6% |
| 净利率 | -1.4% | 8.1% |
| 营收同比 | 3.7% | 1.5% |
| 净利润同比 | -150.6% | -29.2% |
| 每股收益（稀释后） | $-0.02 | $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GDYNHTO
| Q1 26 | $104.1M | — | ||
| Q4 25 | $106.2M | $199.4M | ||
| Q3 25 | $104.2M | $243.5M | ||
| Q2 25 | $101.1M | $197.8M | ||
| Q1 25 | $100.4M | $164.9M | ||
| Q4 24 | $100.3M | $196.5M | ||
| Q3 24 | $87.4M | $216.7M | ||
| Q2 24 | $83.0M | $173.1M |
净利润GDYNHTO
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | $16.2M | ||
| Q3 25 | $1.2M | $45.1M | ||
| Q2 25 | $5.3M | $24.7M | ||
| Q1 25 | $2.9M | $16.6M | ||
| Q4 24 | $4.5M | $22.9M | ||
| Q3 24 | $4.3M | $38.7M | ||
| Q2 24 | $-817.0K | $20.7M |
毛利率GDYNHTO
| Q1 26 | 34.8% | — | ||
| Q4 25 | 34.0% | — | ||
| Q3 25 | 33.3% | — | ||
| Q2 25 | 34.1% | — | ||
| Q1 25 | 36.8% | — | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 37.4% | — | ||
| Q2 24 | 35.6% | — |
营业利润率GDYNHTO
| Q1 26 | 61.7% | — | ||
| Q4 25 | 0.5% | 16.6% | ||
| Q3 25 | -0.2% | 26.5% | ||
| Q2 25 | -0.1% | 22.2% | ||
| Q1 25 | -2.0% | 21.8% | ||
| Q4 24 | 1.3% | 22.2% | ||
| Q3 24 | 2.4% | 26.9% | ||
| Q2 24 | 0.0% | 23.4% |
净利率GDYNHTO
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | 8.1% | ||
| Q3 25 | 1.1% | 18.5% | ||
| Q2 25 | 5.2% | 12.5% | ||
| Q1 25 | 2.9% | 10.0% | ||
| Q4 24 | 4.5% | 11.7% | ||
| Q3 24 | 4.9% | 17.8% | ||
| Q2 24 | -1.0% | 12.0% |
每股收益（稀释后）GDYNHTO
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $0.45 | ||
| Q3 25 | $0.01 | $1.27 | ||
| Q2 25 | $0.06 | $0.71 | ||
| Q1 25 | $0.03 | $0.49 | ||
| Q4 24 | $0.06 | $0.70 | ||
| Q3 24 | $0.05 | $1.17 | ||
| Q2 24 | $-0.01 | $0.64 |
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 | $327.5M | $20.7M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $530.1M | $1.5B |
| 总资产 | $605.0M | $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GDYNHTO
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $20.7M | ||
| Q3 25 | $338.6M | $11.3M | ||
| Q2 25 | $336.8M | $19.8M | ||
| Q1 25 | $325.5M | $23.7M | ||
| Q4 24 | $334.7M | $11.1M | ||
| Q3 24 | $231.3M | $4.0M | ||
| Q2 24 | $256.0M | $22.8M |
总债务GDYNHTO
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益GDYNHTO
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $1.5B | ||
| Q3 25 | $537.7M | $1.5B | ||
| Q2 25 | $532.2M | $1.5B | ||
| Q1 25 | $517.4M | $1.4B | ||
| Q4 24 | $517.8M | $1.4B | ||
| Q3 24 | $400.2M | $1.3B | ||
| Q2 24 | $388.4M | $1.3B |
总资产GDYNHTO
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $5.1B | ||
| Q3 25 | $613.2M | $5.0B | ||
| Q2 25 | $608.9M | $4.8B | ||
| Q1 25 | $590.9M | $4.7B | ||
| Q4 24 | $592.2M | $4.7B | ||
| Q3 24 | $477.3M | $4.6B | ||
| Q2 24 | $443.6M | $4.4B |
负债/权益比GDYNHTO
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $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 | — | — |
| 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GDYNHTO
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $63.5M | ||
| Q3 25 | $7.0M | $77.3M | ||
| Q2 25 | $14.4M | $60.8M | ||
| Q1 25 | $9.4M | $43.2M | ||
| Q4 24 | $7.1M | $41.5M | ||
| Q3 24 | $9.2M | $53.5M | ||
| Q2 24 | $10.7M | $49.3M |
自由现金流GDYNHTO
| Q1 26 | — | — | ||
| Q4 25 | $6.1M | — | ||
| Q3 25 | $2.9M | — | ||
| Q2 25 | $10.2M | — | ||
| Q1 25 | $6.0M | — | ||
| Q4 24 | $4.4M | — | ||
| Q3 24 | $5.9M | — | ||
| Q2 24 | $8.0M | — |
自由现金流率GDYNHTO
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 10.1% | — | ||
| Q1 25 | 6.0% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 9.7% | — |
资本支出强度GDYNHTO
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 3.2% | — |
现金转化率GDYNHTO
| Q1 26 | — | — | ||
| Q4 25 | 32.34× | 3.92× | ||
| Q3 25 | 5.92× | 1.71× | ||
| Q2 25 | 2.73× | 2.47× | ||
| Q1 25 | 3.21× | 2.61× | ||
| Q4 24 | 1.56× | 1.81× | ||
| Q3 24 | 2.15× | 1.39× | ||
| Q2 24 | — | 2.38× |
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
GDYN
暂无分部数据
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
