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加拿大自然资源有限公司（GWRS）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的季度营收约是加拿大自然资源有限公司的14.7倍（$199.4M vs $13.5M）。H2O AMERICA净利率更高（8.1% vs -7.1%，领先15.2%）。加拿大自然资源有限公司同比增速更快（2.2% vs 1.5%）。过去两年H2O AMERICA的营收复合增速更高（15.3% vs 8.0%）
加拿大自然资源有限公司（简称CNRL）是加拿大顶级油气公司，业务主要分布在不列颠哥伦比亚省、阿尔伯塔省、萨斯喀彻温省、曼尼托巴省等加拿大西部省份，同时在北海英国海域、科特迪瓦及加蓬海域拥有海上作业项目，总部设于阿尔伯塔省卡尔加里。
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。
GWRS vs HTO — 直观对比
营收规模更大
HTO
是对方的14.7倍
$13.5M
营收增速更快
GWRS
高出0.7%
1.5%
净利率更高
HTO
高出15.2%
-7.1%
两年增速更快
HTO
近两年复合增速
8.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $13.5M | $199.4M |
| 净利润 | $-963.0K | $16.2M |
| 毛利率 | — | — |
| 营业利润率 | 2.7% | 16.6% |
| 净利率 | -7.1% | 8.1% |
| 营收同比 | 2.2% | 1.5% |
| 净利润同比 | -317.4% | -29.2% |
| 每股收益（稀释后） | $-0.03 | $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GWRSHTO
| Q4 25 | $13.5M | $199.4M | ||
| Q3 25 | $15.5M | $243.5M | ||
| Q2 25 | $14.2M | $197.8M | ||
| Q1 25 | $12.5M | $164.9M | ||
| Q4 24 | $13.3M | $196.5M | ||
| Q3 24 | $14.3M | $216.7M | ||
| Q2 24 | $13.5M | $173.1M | ||
| Q1 24 | $11.6M | $150.0M |
净利润GWRSHTO
| Q4 25 | $-963.0K | $16.2M | ||
| Q3 25 | $1.7M | $45.1M | ||
| Q2 25 | $1.6M | $24.7M | ||
| Q1 25 | $591.0K | $16.6M | ||
| Q4 24 | $443.0K | $22.9M | ||
| Q3 24 | $2.9M | $38.7M | ||
| Q2 24 | $1.7M | $20.7M | ||
| Q1 24 | $691.0K | $11.7M |
营业利润率GWRSHTO
| Q4 25 | 2.7% | 16.6% | ||
| Q3 25 | 18.8% | 26.5% | ||
| Q2 25 | 18.4% | 22.2% | ||
| Q1 25 | 10.1% | 21.8% | ||
| Q4 24 | 9.9% | 22.2% | ||
| Q3 24 | 27.8% | 26.9% | ||
| Q2 24 | 20.7% | 23.4% | ||
| Q1 24 | 10.9% | 18.6% |
净利率GWRSHTO
| Q4 25 | -7.1% | 8.1% | ||
| Q3 25 | 11.1% | 18.5% | ||
| Q2 25 | 11.3% | 12.5% | ||
| Q1 25 | 4.7% | 10.0% | ||
| Q4 24 | 3.3% | 11.7% | ||
| Q3 24 | 20.4% | 17.8% | ||
| Q2 24 | 12.8% | 12.0% | ||
| Q1 24 | 6.0% | 7.8% |
每股收益（稀释后）GWRSHTO
| Q4 25 | $-0.03 | $0.45 | ||
| Q3 25 | $0.06 | $1.27 | ||
| Q2 25 | $0.06 | $0.71 | ||
| Q1 25 | $0.02 | $0.49 | ||
| Q4 24 | $0.02 | $0.70 | ||
| Q3 24 | $0.12 | $1.17 | ||
| Q2 24 | $0.07 | $0.64 | ||
| Q1 24 | $0.03 | $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 | $4.1M | $20.7M |
| 总债务越低越好 | $133.7M | $1.9B |
| 股东权益账面价值 | $86.6M | $1.5B |
| 总资产 | $482.9M | $5.1B |
| 负债/权益比越低杠杆越低 | 1.54× | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资GWRSHTO
| Q4 25 | $4.1M | $20.7M | ||
| Q3 25 | $15.3M | $11.3M | ||
| Q2 25 | $10.2M | $19.8M | ||
| Q1 25 | $31.5M | $23.7M | ||
| Q4 24 | $9.0M | $11.1M | ||
| Q3 24 | $18.1M | $4.0M | ||
| Q2 24 | $18.1M | $22.8M | ||
| Q1 24 | $20.7M | $4.5M |
总债务GWRSHTO
| Q4 25 | $133.7M | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $118.5M | $1.7B | ||
| Q3 24 | $120.4M | — | ||
| Q2 24 | $119.1M | — | ||
| Q1 24 | $121.0M | — |
股东权益GWRSHTO
| Q4 25 | $86.6M | $1.5B | ||
| Q3 25 | $89.6M | $1.5B | ||
| Q2 25 | $76.7M | $1.5B | ||
| Q1 25 | $77.2M | $1.4B | ||
| Q4 24 | $47.6M | $1.4B | ||
| Q3 24 | $48.8M | $1.3B | ||
| Q2 24 | $47.6M | $1.3B | ||
| Q1 24 | $47.7M | $1.2B |
总资产GWRSHTO
| Q4 25 | $482.9M | $5.1B | ||
| Q3 25 | $480.7M | $5.0B | ||
| Q2 25 | $449.4M | $4.8B | ||
| Q1 25 | $443.9M | $4.7B | ||
| Q4 24 | $405.1M | $4.7B | ||
| Q3 24 | $402.9M | $4.6B | ||
| Q2 24 | $384.5M | $4.4B | ||
| Q1 24 | $381.7M | $4.4B |
负债/权益比GWRSHTO
| Q4 25 | 1.54× | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.49× | 1.26× | ||
| Q3 24 | 2.47× | — | ||
| Q2 24 | 2.50× | — | ||
| Q1 24 | 2.54× | — |
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 | $2.7M | $63.5M |
| 自由现金流经营现金流 - 资本支出 | $-15.0M | — |
| 自由现金流率自由现金流/营收 | -110.8% | — |
| 资本支出强度资本支出/营收 | 130.7% | — |
| 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 | $-47.2M | — |
8季度趋势，按日历期对齐
经营现金流GWRSHTO
| Q4 25 | $2.7M | $63.5M | ||
| Q3 25 | $8.6M | $77.3M | ||
| Q2 25 | $1.4M | $60.8M | ||
| Q1 25 | $7.5M | $43.2M | ||
| Q4 24 | $6.0M | $41.5M | ||
| Q3 24 | $2.2M | $53.5M | ||
| Q2 24 | $5.5M | $49.3M | ||
| Q1 24 | $8.1M | $51.2M |
自由现金流GWRSHTO
| Q4 25 | $-15.0M | — | ||
| Q3 25 | $-5.6M | — | ||
| Q2 25 | $-18.8M | — | ||
| Q1 25 | $-7.7M | — | ||
| Q4 24 | $-7.2M | — | ||
| Q3 24 | $-4.7M | — | ||
| Q2 24 | $-943.0K | — | ||
| Q1 24 | $2.3M | — |
自由现金流率GWRSHTO
| Q4 25 | -110.8% | — | ||
| Q3 25 | -36.0% | — | ||
| Q2 25 | -132.2% | — | ||
| Q1 25 | -62.1% | — | ||
| Q4 24 | -54.1% | — | ||
| Q3 24 | -33.1% | — | ||
| Q2 24 | -7.0% | — | ||
| Q1 24 | 19.9% | — |
资本支出强度GWRSHTO
| Q4 25 | 130.7% | — | ||
| Q3 25 | 91.7% | — | ||
| Q2 25 | 141.7% | — | ||
| Q1 25 | 122.1% | — | ||
| Q4 24 | 99.3% | — | ||
| Q3 24 | 48.6% | — | ||
| Q2 24 | 47.7% | — | ||
| Q1 24 | 49.6% | — |
现金转化率GWRSHTO
| Q4 25 | — | 3.92× | ||
| Q3 25 | 5.04× | 1.71× | ||
| Q2 25 | 0.84× | 2.47× | ||
| Q1 25 | 12.65× | 2.61× | ||
| Q4 24 | 13.52× | 1.81× | ||
| Q3 24 | 0.76× | 1.39× | ||
| Q2 24 | 3.18× | 2.38× | ||
| Q1 24 | 11.68× | 4.38× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
