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H2O AMERICA（HTO）与INTERPARFUMS INC（IPAR）财务数据对比。点击上方公司名可切换其他公司
INTERPARFUMS INC的季度营收约是H2O AMERICA的1.9倍（$386.2M vs $199.4M），H2O AMERICA净利率更高（8.1% vs 7.3%，领先0.9%），INTERPARFUMS INC同比增速更快（6.8% vs 1.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs 9.2%）
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。
Inter Parfums Inc是全球知名的高端香水企业，开发、生产并销售多款授权香水、身体护理及相关美妆产品，与多家顶级奢侈时尚生活方式品牌合作推出联名香氛系列，产品覆盖全球主要市场，通过百货、美妆专营店及官方电商渠道触达消费者。
HTO vs IPAR — 直观对比
营收规模更大
IPAR
是对方的1.9倍
$199.4M
营收增速更快
IPAR
高出5.4%
1.5%
净利率更高
HTO
高出0.9%
7.3%
两年增速更快
HTO
近两年复合增速
9.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $386.2M |
| 净利润 | $16.2M | $28.1M |
| 毛利率 | — | 61.5% |
| 营业利润率 | 16.6% | 7.1% |
| 净利率 | 8.1% | 7.3% |
| 营收同比 | 1.5% | 6.8% |
| 净利润同比 | -29.2% | 16.0% |
| 每股收益（稀释后） | $0.45 | $0.88 |
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HTOIPAR
| Q4 25 | $199.4M | $386.2M | ||
| Q3 25 | $243.5M | $429.6M | ||
| Q2 25 | $197.8M | $333.9M | ||
| Q1 25 | $164.9M | $338.8M | ||
| Q4 24 | $196.5M | $361.5M | ||
| Q3 24 | $216.7M | $424.6M | ||
| Q2 24 | $173.1M | $342.2M | ||
| Q1 24 | $150.0M | $324.0M |
净利润HTOIPAR
| Q4 25 | $16.2M | $28.1M | ||
| Q3 25 | $45.1M | $65.8M | ||
| Q2 25 | $24.7M | $32.0M | ||
| Q1 25 | $16.6M | $42.5M | ||
| Q4 24 | $22.9M | $24.2M | ||
| Q3 24 | $38.7M | $62.3M | ||
| Q2 24 | $20.7M | $36.8M | ||
| Q1 24 | $11.7M | $41.0M |
毛利率HTOIPAR
| Q4 25 | — | 61.5% | ||
| Q3 25 | — | 63.5% | ||
| Q2 25 | — | 66.2% | ||
| Q1 25 | — | 63.7% | ||
| Q4 24 | — | 64.5% | ||
| Q3 24 | — | 63.9% | ||
| Q2 24 | — | 64.5% | ||
| Q1 24 | — | 62.5% |
营业利润率HTOIPAR
| Q4 25 | 16.6% | 7.1% | ||
| Q3 25 | 26.5% | 25.3% | ||
| Q2 25 | 22.2% | 17.7% | ||
| Q1 25 | 21.8% | 22.2% | ||
| Q4 24 | 22.2% | 10.0% | ||
| Q3 24 | 26.9% | 25.0% | ||
| Q2 24 | 23.4% | 18.9% | ||
| Q1 24 | 18.6% | 21.0% |
净利率HTOIPAR
| Q4 25 | 8.1% | 7.3% | ||
| Q3 25 | 18.5% | 15.3% | ||
| Q2 25 | 12.5% | 9.6% | ||
| Q1 25 | 10.0% | 12.5% | ||
| Q4 24 | 11.7% | 6.7% | ||
| Q3 24 | 17.8% | 14.7% | ||
| Q2 24 | 12.0% | 10.8% | ||
| Q1 24 | 7.8% | 12.7% |
每股收益（稀释后）HTOIPAR
| Q4 25 | $0.45 | $0.88 | ||
| Q3 25 | $1.27 | $2.05 | ||
| Q2 25 | $0.71 | $0.99 | ||
| Q1 25 | $0.49 | $1.32 | ||
| Q4 24 | $0.70 | $0.78 | ||
| Q3 24 | $1.17 | $1.93 | ||
| Q2 24 | $0.64 | $1.14 | ||
| Q1 24 | $0.36 | $1.27 |
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 | $137.1M |
| 总债务越低越好 | $1.9B | $176.0M |
| 股东权益账面价值 | $1.5B | $880.7M |
| 总资产 | $5.1B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.23× | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资HTOIPAR
| Q4 25 | $20.7M | $137.1M | ||
| Q3 25 | $11.3M | $77.5M | ||
| Q2 25 | $19.8M | $53.9M | ||
| Q1 25 | $23.7M | $75.3M | ||
| Q4 24 | $11.1M | $109.3M | ||
| Q3 24 | $4.0M | $78.8M | ||
| Q2 24 | $22.8M | $37.7M | ||
| Q1 24 | $4.5M | $76.1M |
总债务HTOIPAR
| Q4 25 | $1.9B | $176.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | $157.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HTOIPAR
| Q4 25 | $1.5B | $880.7M | ||
| Q3 25 | $1.5B | $870.9M | ||
| Q2 25 | $1.5B | $839.4M | ||
| Q1 25 | $1.4B | $788.6M | ||
| Q4 24 | $1.4B | $744.9M | ||
| Q3 24 | $1.3B | $778.5M | ||
| Q2 24 | $1.3B | $717.1M | ||
| Q1 24 | $1.2B | $708.1M |
总资产HTOIPAR
| Q4 25 | $5.1B | $1.6B | ||
| Q3 25 | $5.0B | $1.6B | ||
| Q2 25 | $4.8B | $1.6B | ||
| Q1 25 | $4.7B | $1.4B | ||
| Q4 24 | $4.7B | $1.4B | ||
| Q3 24 | $4.6B | $1.5B | ||
| Q2 24 | $4.4B | $1.4B | ||
| Q1 24 | $4.4B | $1.3B |
负债/权益比HTOIPAR
| Q4 25 | 1.23× | 0.20× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | 0.21× | ||
| 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 | $146.5M |
| 自由现金流经营现金流 - 资本支出 | — | $145.0M |
| 自由现金流率自由现金流/营收 | — | 37.5% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | 3.92× | 5.21× |
| 过去12个月自由现金流最近4个季度 | — | $190.5M |
8季度趋势，按日历期对齐
经营现金流HTOIPAR
| Q4 25 | $63.5M | $146.5M | ||
| Q3 25 | $77.3M | $63.9M | ||
| Q2 25 | $60.8M | $11.9M | ||
| Q1 25 | $43.2M | $-7.4M | ||
| Q4 24 | $41.5M | $138.0M | ||
| Q3 24 | $53.5M | $76.1M | ||
| Q2 24 | $49.3M | $25.5M | ||
| Q1 24 | $51.2M | $-52.0M |
自由现金流HTOIPAR
| Q4 25 | — | $145.0M | ||
| Q3 25 | — | $57.6M | ||
| Q2 25 | — | $-3.3M | ||
| Q1 25 | — | $-8.8M | ||
| Q4 24 | — | $136.1M | ||
| Q3 24 | — | $75.4M | ||
| Q2 24 | — | $24.4M | ||
| Q1 24 | — | $-53.0M |
自由现金流率HTOIPAR
| Q4 25 | — | 37.5% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | -1.0% | ||
| Q1 25 | — | -2.6% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | -16.4% |
资本支出强度HTOIPAR
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
现金转化率HTOIPAR
| Q4 25 | 3.92× | 5.21× | ||
| Q3 25 | 1.71× | 0.97× | ||
| Q2 25 | 2.47× | 0.37× | ||
| Q1 25 | 2.61× | -0.17× | ||
| Q4 24 | 1.81× | 5.69× | ||
| Q3 24 | 1.39× | 1.22× | ||
| Q2 24 | 2.38× | 0.69× | ||
| Q1 24 | 4.38× | -1.27× |
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% |
IPAR
| European Based Operations | $232.7M | 60% |
| United States Based Operations | $155.2M | 40% |
