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H2O AMERICA（HTO）与IHS Holding Ltd（IHS）财务数据对比。点击上方公司名可切换其他公司
IHS Holding Ltd的季度营收约是H2O AMERICA的1.3倍（$254.0M vs $199.4M），H2O AMERICA同比增速更快（1.5% vs 0.1%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs -22.0%）
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。
IHS Holding是全球规模领先的共享通信基础设施独立持有、运营及开发企业之一，也是全球第五大独立跨国通信铁塔企业，业务覆盖非洲与拉美地区，为当地通信网络部署提供关键的铁塔基础设施支持。
HTO vs IHS — 直观对比
营收规模更大
IHS
是对方的1.3倍
$199.4M
营收增速更快
HTO
高出1.4%
0.1%
两年增速更快
HTO
近两年复合增速
-22.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $254.0M |
| 净利润 | $16.2M | — |
| 毛利率 | — | 83.6% |
| 营业利润率 | 16.6% | — |
| 净利率 | 8.1% | — |
| 营收同比 | 1.5% | 0.1% |
| 净利润同比 | -29.2% | — |
| 每股收益（稀释后） | $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HTOIHS
| Q4 25 | $199.4M | $254.0M | ||
| Q3 25 | $243.5M | $455.1M | ||
| Q2 25 | $197.8M | $433.3M | ||
| Q1 25 | $164.9M | $439.6M | ||
| Q4 24 | $196.5M | $253.8M | ||
| Q3 24 | $216.7M | $420.3M | ||
| Q2 24 | $173.1M | $435.4M | ||
| Q1 24 | $150.0M | $417.7M |
净利润HTOIHS
| Q4 25 | $16.2M | — | ||
| Q3 25 | $45.1M | $147.4M | ||
| Q2 25 | $24.7M | $32.3M | ||
| Q1 25 | $16.6M | $30.7M | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $38.7M | $-205.7M | ||
| Q2 24 | $20.7M | $-124.3M | ||
| Q1 24 | $11.7M | $-1.6B |
毛利率HTOIHS
| Q4 25 | — | 83.6% | ||
| Q3 25 | — | 47.5% | ||
| Q2 25 | — | 51.3% | ||
| Q1 25 | — | 51.4% | ||
| Q4 24 | — | 72.1% | ||
| Q3 24 | — | 52.0% | ||
| Q2 24 | — | 52.5% | ||
| Q1 24 | — | 39.1% |
营业利润率HTOIHS
| Q4 25 | 16.6% | — | ||
| Q3 25 | 26.5% | 35.1% | ||
| Q2 25 | 22.2% | 33.8% | ||
| Q1 25 | 21.8% | 37.1% | ||
| Q4 24 | 22.2% | — | ||
| Q3 24 | 26.9% | 29.9% | ||
| Q2 24 | 23.4% | 34.0% | ||
| Q1 24 | 18.6% | -1.7% |
净利率HTOIHS
| Q4 25 | 8.1% | — | ||
| Q3 25 | 18.5% | 32.4% | ||
| Q2 25 | 12.5% | 7.5% | ||
| Q1 25 | 10.0% | 7.0% | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 17.8% | -48.9% | ||
| Q2 24 | 12.0% | -28.5% | ||
| Q1 24 | 7.8% | -372.8% |
每股收益（稀释后）HTOIHS
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | $0.44 | ||
| Q2 25 | $0.71 | $0.10 | ||
| Q1 25 | $0.49 | $0.10 | ||
| Q4 24 | $0.70 | — | ||
| Q3 24 | $1.17 | $-0.61 | ||
| Q2 24 | $0.64 | $-0.36 | ||
| Q1 24 | $0.36 | $-4.67 |
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 | $20.7M | $825.7M |
| 总债务越低越好 | $1.9B | $3.1B |
| 股东权益账面价值 | $1.5B | $-89.8M |
| 总资产 | $5.1B | $4.5B |
| 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HTOIHS
| Q4 25 | $20.7M | $825.7M | ||
| Q3 25 | $11.3M | $647.6M | ||
| Q2 25 | $19.8M | $531.8M | ||
| Q1 25 | $23.7M | $629.0M | ||
| Q4 24 | $11.1M | $578.0M | ||
| Q3 24 | $4.0M | $397.5M | ||
| Q2 24 | $22.8M | $445.7M | ||
| Q1 24 | $4.5M | $333.2M |
总债务HTOIHS
| Q4 25 | $1.9B | $3.1B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | $1.7B | $3.3B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.5B |
股东权益HTOIHS
| Q4 25 | $1.5B | $-89.8M | ||
| Q3 25 | $1.5B | $38.1M | ||
| Q2 25 | $1.5B | $-98.4M | ||
| Q1 25 | $1.4B | $-184.4M | ||
| Q4 24 | $1.4B | $-314.4M | ||
| Q3 24 | $1.3B | $-284.7M | ||
| Q2 24 | $1.3B | $-308.3M | ||
| Q1 24 | $1.2B | $-163.2M |
总资产HTOIHS
| Q4 25 | $5.1B | $4.5B | ||
| Q3 25 | $5.0B | $4.7B | ||
| Q2 25 | $4.8B | $4.5B | ||
| Q1 25 | $4.7B | $4.4B | ||
| Q4 24 | $4.7B | $4.2B | ||
| Q3 24 | $4.6B | $4.6B | ||
| Q2 24 | $4.4B | $4.5B | ||
| Q1 24 | $4.4B | $4.6B |
负债/权益比HTOIHS
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | 85.85× | ||
| 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 | $63.5M | $246.9M |
| 自由现金流经营现金流 - 资本支出 | — | $178.6M |
| 自由现金流率自由现金流/营收 | — | 70.3% |
| 资本支出强度资本支出/营收 | — | 26.9% |
| 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 | — | $718.7M |
8季度趋势，按日历期对齐
经营现金流HTOIHS
| Q4 25 | $63.5M | $246.9M | ||
| Q3 25 | $77.3M | $251.3M | ||
| Q2 25 | $60.8M | $237.7M | ||
| Q1 25 | $43.2M | $200.3M | ||
| Q4 24 | $41.5M | $344.4M | ||
| Q3 24 | $53.5M | $174.5M | ||
| Q2 24 | $49.3M | $134.7M | ||
| Q1 24 | $51.2M | $75.8M |
自由现金流HTOIHS
| Q4 25 | — | $178.6M | ||
| Q3 25 | — | $189.2M | ||
| Q2 25 | — | $197.7M | ||
| Q1 25 | — | $153.2M | ||
| Q4 24 | — | $282.9M | ||
| Q3 24 | — | $122.3M | ||
| Q2 24 | — | $74.2M | ||
| Q1 24 | — | $14.8M |
自由现金流率HTOIHS
| Q4 25 | — | 70.3% | ||
| Q3 25 | — | 41.6% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 34.8% | ||
| Q4 24 | — | 111.5% | ||
| Q3 24 | — | 29.1% | ||
| Q2 24 | — | 17.0% | ||
| Q1 24 | — | 3.5% |
资本支出强度HTOIHS
| Q4 25 | — | 26.9% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | — | 12.4% | ||
| Q2 24 | — | 13.9% | ||
| Q1 24 | — | 14.6% |
现金转化率HTOIHS
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | 1.70× | ||
| Q2 25 | 2.47× | 7.36× | ||
| Q1 25 | 2.61× | 6.52× | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 2.38× | — | ||
| Q1 24 | 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
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
IHS
暂无分部数据
