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H2O AMERICA（HTO）与Indivior Pharmaceuticals, Inc.（INDV）财务数据对比。点击上方公司名可切换其他公司
Indivior Pharmaceuticals, Inc.的季度营收约是H2O AMERICA的1.8倍（$357.0M vs $199.4M），Indivior Pharmaceuticals, Inc.净利率更高（28.9% vs 8.1%，领先20.7%）
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。
Indivior是一家全球专科制药企业，专注于开发和商业化针对阿片类物质使用障碍、酒精依赖及相关精神健康疾病的循证治疗方案，核心市场覆盖北美与欧洲，旗下多款获批疗法服务于医疗需求未被充分满足的患者群体。
HTO vs INDV — 直观对比
营收规模更大
INDV
是对方的1.8倍
$199.4M
净利率更高
INDV
高出20.7%
8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $357.0M |
| 净利润 | $16.2M | $103.0M |
| 毛利率 | — | 82.1% |
| 营业利润率 | 16.6% | 22.7% |
| 净利率 | 8.1% | 28.9% |
| 营收同比 | 1.5% | — |
| 净利润同比 | -29.2% | 390.5% |
| 每股收益（稀释后） | $0.45 | $0.79 |
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HTOINDV
| Q4 25 | $199.4M | $357.0M | ||
| Q3 25 | $243.5M | $314.0M | ||
| Q2 25 | $197.8M | $302.0M | ||
| Q1 25 | $164.9M | $266.0M | ||
| Q4 24 | $196.5M | — | ||
| Q3 24 | $216.7M | $307.0M | ||
| Q2 24 | $173.1M | $299.0M | ||
| Q1 24 | $150.0M | — |
净利润HTOINDV
| Q4 25 | $16.2M | $103.0M | ||
| Q3 25 | $45.1M | $42.0M | ||
| Q2 25 | $24.7M | $18.0M | ||
| Q1 25 | $16.6M | $47.0M | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $38.7M | $22.0M | ||
| Q2 24 | $20.7M | $-97.0M | ||
| Q1 24 | $11.7M | — |
毛利率HTOINDV
| Q4 25 | — | 82.1% | ||
| Q3 25 | — | 73.2% | ||
| Q2 25 | — | 82.8% | ||
| Q1 25 | — | 83.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 78.5% | ||
| Q2 24 | — | 73.6% | ||
| Q1 24 | — | — |
营业利润率HTOINDV
| Q4 25 | 16.6% | 22.7% | ||
| Q3 25 | 26.5% | 13.7% | ||
| Q2 25 | 22.2% | 23.8% | ||
| Q1 25 | 21.8% | 24.8% | ||
| Q4 24 | 22.2% | — | ||
| Q3 24 | 26.9% | 11.4% | ||
| Q2 24 | 23.4% | -39.5% | ||
| Q1 24 | 18.6% | — |
净利率HTOINDV
| Q4 25 | 8.1% | 28.9% | ||
| Q3 25 | 18.5% | 13.4% | ||
| Q2 25 | 12.5% | 6.0% | ||
| Q1 25 | 10.0% | 17.7% | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 17.8% | 7.2% | ||
| Q2 24 | 12.0% | -32.4% | ||
| Q1 24 | 7.8% | — |
每股收益（稀释后）HTOINDV
| Q4 25 | $0.45 | $0.79 | ||
| Q3 25 | $1.27 | $0.33 | ||
| Q2 25 | $0.71 | $0.14 | ||
| Q1 25 | $0.49 | $0.38 | ||
| Q4 24 | $0.70 | — | ||
| Q3 24 | $1.17 | $0.16 | ||
| Q2 24 | $0.64 | $-0.72 | ||
| Q1 24 | $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 | $20.7M | $195.0M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.5B | $-98.0M |
| 总资产 | $5.1B | $1.2B |
| 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HTOINDV
| Q4 25 | $20.7M | $195.0M | ||
| Q3 25 | $11.3M | $445.0M | ||
| Q2 25 | $19.8M | $510.0M | ||
| Q1 25 | $23.7M | $373.0M | ||
| Q4 24 | $11.1M | — | ||
| Q3 24 | $4.0M | — | ||
| Q2 24 | $22.8M | — | ||
| Q1 24 | $4.5M | — |
总债务HTOINDV
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HTOINDV
| Q4 25 | $1.5B | $-98.0M | ||
| Q3 25 | $1.5B | $-207.0M | ||
| Q2 25 | $1.5B | $-257.0M | ||
| Q1 25 | $1.4B | $-285.0M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $-310.0M | ||
| Q2 24 | $1.3B | $-281.0M | ||
| Q1 24 | $1.2B | — |
总资产HTOINDV
| Q4 25 | $5.1B | $1.2B | ||
| Q3 25 | $5.0B | $1.4B | ||
| Q2 25 | $4.8B | $1.5B | ||
| Q1 25 | $4.7B | $1.4B | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $4.4B | — | ||
| Q1 24 | $4.4B | — |
负债/权益比HTOINDV
| 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 | $63.5M | $-221.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-245.0M |
| 自由现金流率自由现金流/营收 | — | -68.6% |
| 资本支出强度资本支出/营收 | — | 6.7% |
| 现金转化率经营现金流/净利润 | 3.92× | -2.15× |
| 过去12个月自由现金流最近4个季度 | — | $-93.0M |
8季度趋势，按日历期对齐
经营现金流HTOINDV
| Q4 25 | $63.5M | $-221.0M | ||
| Q3 25 | $77.3M | $-39.0M | ||
| Q2 25 | $60.8M | $158.0M | ||
| Q1 25 | $43.2M | $75.0M | ||
| Q4 24 | $41.5M | — | ||
| Q3 24 | $53.5M | $2.0M | ||
| Q2 24 | $49.3M | $88.0M | ||
| Q1 24 | $51.2M | — |
自由现金流HTOINDV
| Q4 25 | — | $-245.0M | ||
| Q3 25 | — | $-59.0M | ||
| Q2 25 | — | $141.0M | ||
| Q1 25 | — | $70.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-5.0M | ||
| Q2 24 | — | $84.0M | ||
| Q1 24 | — | — |
自由现金流率HTOINDV
| Q4 25 | — | -68.6% | ||
| Q3 25 | — | -18.8% | ||
| Q2 25 | — | 46.7% | ||
| Q1 25 | — | 26.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -1.6% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | — | — |
资本支出强度HTOINDV
| Q4 25 | — | 6.7% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | — |
现金转化率HTOINDV
| Q4 25 | 3.92× | -2.15× | ||
| Q3 25 | 1.71× | -0.93× | ||
| Q2 25 | 2.47× | 8.78× | ||
| Q1 25 | 2.61× | 1.60× | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | 0.09× | ||
| 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% |
INDV
| Sublocade | $233.0M | 65% |
| Sublingual And Other | $69.0M | 19% |
| Other | $49.0M | 14% |
| Perseris | $6.0M | 2% |
