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H2O AMERICA（HTO）与JBG SMITH Properties（JBGS）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JBG SMITH Properties的1.6倍（$199.4M vs $127.6M），H2O AMERICA净利率更高（8.1% vs -35.7%，领先43.8%），H2O AMERICA同比增速更快（1.5% vs -2.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs -6.3%）
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。
JBG SMITH Properties是一家总部位于马里兰州贝塞斯达的上市房地产投资信托公司，专注于持有并运营房地产资产，是美国商业地产领域的专业运营机构，面向市场提供多元化的不动产投资与管理服务。
HTO vs JBGS — 直观对比
营收规模更大
HTO
是对方的1.6倍
$127.6M
营收增速更快
HTO
高出3.9%
-2.5%
净利率更高
HTO
高出43.8%
-35.7%
两年增速更快
HTO
近两年复合增速
-6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $127.6M |
| 净利润 | $16.2M | $-45.5M |
| 毛利率 | — | — |
| 营业利润率 | 16.6% | -47.5% |
| 净利率 | 8.1% | -35.7% |
| 营收同比 | 1.5% | -2.5% |
| 净利润同比 | -29.2% | 24.0% |
| 每股收益（稀释后） | $0.45 | $-0.76 |
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HTOJBGS
| Q4 25 | $199.4M | $127.6M | ||
| Q3 25 | $243.5M | $123.9M | ||
| Q2 25 | $197.8M | $126.5M | ||
| Q1 25 | $164.9M | $120.7M | ||
| Q4 24 | $196.5M | $130.8M | ||
| Q3 24 | $216.7M | $136.0M | ||
| Q2 24 | $173.1M | $135.3M | ||
| Q1 24 | $150.0M | $145.2M |
净利润HTOJBGS
| Q4 25 | $16.2M | $-45.5M | ||
| Q3 25 | $45.1M | $-28.6M | ||
| Q2 25 | $24.7M | $-19.2M | ||
| Q1 25 | $16.6M | $-45.7M | ||
| Q4 24 | $22.9M | $-59.9M | ||
| Q3 24 | $38.7M | $-27.0M | ||
| Q2 24 | $20.7M | $-24.4M | ||
| Q1 24 | $11.7M | $-32.3M |
营业利润率HTOJBGS
| Q4 25 | 16.6% | -47.5% | ||
| Q3 25 | 26.5% | -27.5% | ||
| Q2 25 | 22.2% | -18.4% | ||
| Q1 25 | 21.8% | -44.7% | ||
| Q4 24 | 22.2% | -53.6% | ||
| Q3 24 | 26.9% | -22.4% | ||
| Q2 24 | 23.4% | -24.3% | ||
| Q1 24 | 18.6% | -30.1% |
净利率HTOJBGS
| Q4 25 | 8.1% | -35.7% | ||
| Q3 25 | 18.5% | -23.1% | ||
| Q2 25 | 12.5% | -15.2% | ||
| Q1 25 | 10.0% | -37.9% | ||
| Q4 24 | 11.7% | -45.8% | ||
| Q3 24 | 17.8% | -19.8% | ||
| Q2 24 | 12.0% | -18.0% | ||
| Q1 24 | 7.8% | -22.2% |
每股收益（稀释后）HTOJBGS
| Q4 25 | $0.45 | $-0.76 | ||
| Q3 25 | $1.27 | $-0.48 | ||
| Q2 25 | $0.71 | $-0.29 | ||
| Q1 25 | $0.49 | $-0.56 | ||
| Q4 24 | $0.70 | $-0.70 | ||
| Q3 24 | $1.17 | $-0.32 | ||
| Q2 24 | $0.64 | $-0.27 | ||
| Q1 24 | $0.36 | $-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 | $75.3M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.5B | $1.2B |
| 总资产 | $5.1B | $4.4B |
| 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HTOJBGS
| Q4 25 | $20.7M | $75.3M | ||
| Q3 25 | $11.3M | $64.4M | ||
| Q2 25 | $19.8M | $61.4M | ||
| Q1 25 | $23.7M | $81.3M | ||
| Q4 24 | $11.1M | $145.8M | ||
| Q3 24 | $4.0M | $137.0M | ||
| Q2 24 | $22.8M | $163.5M | ||
| Q1 24 | $4.5M | $220.5M |
总债务HTOJBGS
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HTOJBGS
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.3B | $1.9B | ||
| Q2 24 | $1.3B | $2.0B | ||
| Q1 24 | $1.2B | $2.1B |
总资产HTOJBGS
| Q4 25 | $5.1B | $4.4B | ||
| Q3 25 | $5.0B | $4.4B | ||
| Q2 25 | $4.8B | $4.5B | ||
| Q1 25 | $4.7B | $4.7B | ||
| Q4 24 | $4.7B | $5.0B | ||
| Q3 24 | $4.6B | $5.2B | ||
| Q2 24 | $4.4B | $5.3B | ||
| Q1 24 | $4.4B | $5.4B |
负债/权益比HTOJBGS
| 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 | $73.3M |
| 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HTOJBGS
| Q4 25 | $63.5M | $73.3M | ||
| Q3 25 | $77.3M | $8.9M | ||
| Q2 25 | $60.8M | $18.8M | ||
| Q1 25 | $43.2M | $12.9M | ||
| Q4 24 | $41.5M | $129.4M | ||
| Q3 24 | $53.5M | $26.4M | ||
| Q2 24 | $49.3M | $23.8M | ||
| Q1 24 | $51.2M | $37.0M |
现金转化率HTOJBGS
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | — | ||
| 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% |
JBGS
暂无分部数据
