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H2O AMERICA（HTO）与Liberty Broadband Corp（LBRDA）财务数据对比。点击上方公司名可切换其他公司
Liberty Broadband Corp的季度营收约是H2O AMERICA的1.3倍（$261.0M vs $199.4M），Liberty Broadband Corp净利率更高（146.7% vs 8.1%，领先138.6%），Liberty Broadband Corp同比增速更快（6.1% vs 1.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs 4.3%）
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。
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
HTO vs LBRDA — 直观对比
营收规模更大
LBRDA
是对方的1.3倍
$199.4M
营收增速更快
LBRDA
高出4.6%
1.5%
净利率更高
LBRDA
高出138.6%
8.1%
两年增速更快
HTO
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $261.0M |
| 净利润 | $16.2M | $383.0M |
| 毛利率 | — | — |
| 营业利润率 | 16.6% | 15.7% |
| 净利率 | 8.1% | 146.7% |
| 营收同比 | 1.5% | 6.1% |
| 净利润同比 | -29.2% | 96.4% |
| 每股收益（稀释后） | $0.45 | $2.68 |
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HTOLBRDA
| Q4 25 | $199.4M | — | ||
| Q3 25 | $243.5M | — | ||
| Q2 25 | $197.8M | $261.0M | ||
| Q1 25 | $164.9M | $266.0M | ||
| Q4 24 | $196.5M | $263.0M | ||
| Q3 24 | $216.7M | $262.0M | ||
| Q2 24 | $173.1M | $246.0M | ||
| Q1 24 | $150.0M | $245.0M |
净利润HTOLBRDA
| Q4 25 | $16.2M | — | ||
| Q3 25 | $45.1M | — | ||
| Q2 25 | $24.7M | $383.0M | ||
| Q1 25 | $16.6M | $268.0M | ||
| Q4 24 | $22.9M | $291.0M | ||
| Q3 24 | $38.7M | $142.0M | ||
| Q2 24 | $20.7M | $195.0M | ||
| Q1 24 | $11.7M | $241.0M |
营业利润率HTOLBRDA
| Q4 25 | 16.6% | — | ||
| Q3 25 | 26.5% | — | ||
| Q2 25 | 22.2% | 15.7% | ||
| Q1 25 | 21.8% | 16.2% | ||
| Q4 24 | 22.2% | 4.9% | ||
| Q3 24 | 26.9% | 11.5% | ||
| Q2 24 | 23.4% | 8.5% | ||
| Q1 24 | 18.6% | 11.4% |
净利率HTOLBRDA
| Q4 25 | 8.1% | — | ||
| Q3 25 | 18.5% | — | ||
| Q2 25 | 12.5% | 146.7% | ||
| Q1 25 | 10.0% | 100.8% | ||
| Q4 24 | 11.7% | 110.6% | ||
| Q3 24 | 17.8% | 54.2% | ||
| Q2 24 | 12.0% | 79.3% | ||
| Q1 24 | 7.8% | 98.4% |
每股收益（稀释后）HTOLBRDA
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | — | ||
| Q2 25 | $0.71 | $2.68 | ||
| Q1 25 | $0.49 | $1.87 | ||
| Q4 24 | $0.70 | $2.04 | ||
| Q3 24 | $1.17 | $0.99 | ||
| Q2 24 | $0.64 | $1.36 | ||
| Q1 24 | $0.36 | $1.69 |
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 | $180.0M |
| 总债务越低越好 | $1.9B | $3.1B |
| 股东权益账面价值 | $1.5B | $10.4B |
| 总资产 | $5.1B | $16.6B |
| 负债/权益比越低杠杆越低 | 1.23× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资HTOLBRDA
| Q4 25 | $20.7M | — | ||
| Q3 25 | $11.3M | — | ||
| Q2 25 | $19.8M | $180.0M | ||
| Q1 25 | $23.7M | $226.0M | ||
| Q4 24 | $11.1M | $163.0M | ||
| Q3 24 | $4.0M | $168.0M | ||
| Q2 24 | $22.8M | $73.0M | ||
| Q1 24 | $4.5M | $108.0M |
总债务HTOLBRDA
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | $1.7B | $3.8B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.6B |
股东权益HTOLBRDA
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | $10.4B | ||
| Q1 25 | $1.4B | $10.1B | ||
| Q4 24 | $1.4B | $9.8B | ||
| Q3 24 | $1.3B | $9.5B | ||
| Q2 24 | $1.3B | $9.3B | ||
| Q1 24 | $1.2B | $9.1B |
总资产HTOLBRDA
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.8B | $16.6B | ||
| Q1 25 | $4.7B | $17.0B | ||
| Q4 24 | $4.7B | $16.7B | ||
| Q3 24 | $4.6B | $16.3B | ||
| Q2 24 | $4.4B | $16.0B | ||
| Q1 24 | $4.4B | $15.7B |
负债/权益比HTOLBRDA
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.38× | ||
| Q4 24 | 1.26× | 0.38× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 0.40× |
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 | $91.0M |
| 自由现金流经营现金流 - 资本支出 | — | $37.0M |
| 自由现金流率自由现金流/营收 | — | 14.2% |
| 资本支出强度资本支出/营收 | — | 20.7% |
| 现金转化率经营现金流/净利润 | 3.92× | 0.24× |
| 过去12个月自由现金流最近4个季度 | — | $-49.0M |
8季度趋势，按日历期对齐
经营现金流HTOLBRDA
| Q4 25 | $63.5M | — | ||
| Q3 25 | $77.3M | — | ||
| Q2 25 | $60.8M | $91.0M | ||
| Q1 25 | $43.2M | $78.0M | ||
| Q4 24 | $41.5M | $1.0M | ||
| Q3 24 | $53.5M | $24.0M | ||
| Q2 24 | $49.3M | $27.0M | ||
| Q1 24 | $51.2M | $52.0M |
自由现金流HTOLBRDA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $37.0M | ||
| Q1 25 | — | $13.0M | ||
| Q4 24 | — | $-63.0M | ||
| Q3 24 | — | $-36.0M | ||
| Q2 24 | — | $-35.0M | ||
| Q1 24 | — | $-9.0M |
自由现金流率HTOLBRDA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 14.2% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | — | -13.7% | ||
| Q2 24 | — | -14.2% | ||
| Q1 24 | — | -3.7% |
资本支出强度HTOLBRDA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 20.7% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 22.9% | ||
| Q2 24 | — | 25.2% | ||
| Q1 24 | — | 24.9% |
现金转化率HTOLBRDA
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | 0.24× | ||
| Q1 25 | 2.61× | 0.29× | ||
| Q4 24 | 1.81× | 0.00× | ||
| Q3 24 | 1.39× | 0.17× | ||
| Q2 24 | 2.38× | 0.14× | ||
| Q1 24 | 4.38× | 0.22× |
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% |
LBRDA
暂无分部数据
