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H2O AMERICA（HTO）与LANDS' END, INC.（LE）财务数据对比。点击上方公司名可切换其他公司
LANDS' END, INC.的季度营收约是H2O AMERICA的1.6倍（$317.5M vs $199.4M），H2O AMERICA净利率更高（8.1% vs 1.6%，领先6.5%），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 -0.9%）
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。
Lands' End是1963年诞生于美国芝加哥的服饰零售品牌，最初以邮购游艇用品起家，目前业务拓展至服饰、箱包与家居用品领域。截至2024年2月，品牌在美国本土共开设26家门店，总部位于威斯康星州道奇维尔。品牌名源自地名兰兹角，因创立时印刷错了撇号位置又无力重印，错拼的名称便沿用至今。
HTO vs LE — 直观对比
营收规模更大
LE
是对方的1.6倍
$199.4M
营收增速更快
HTO
高出1.4%
0.1%
净利率更高
HTO
高出6.5%
1.6%
两年增速更快
HTO
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $317.5M |
| 净利润 | $16.2M | $5.2M |
| 毛利率 | — | 51.8% |
| 营业利润率 | 16.6% | 5.3% |
| 净利率 | 8.1% | 1.6% |
| 营收同比 | 1.5% | 0.1% |
| 净利润同比 | -29.2% | 198.3% |
| 每股收益（稀释后） | $0.45 | $0.17 |
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HTOLE
| Q4 25 | $199.4M | $317.5M | ||
| Q3 25 | $243.5M | — | ||
| Q2 25 | $197.8M | $261.2M | ||
| Q1 25 | $164.9M | — | ||
| Q4 24 | $196.5M | $318.6M | ||
| Q3 24 | $216.7M | $317.2M | ||
| Q2 24 | $173.1M | $285.5M | ||
| Q1 24 | $150.0M | $514.9M |
净利润HTOLE
| Q4 25 | $16.2M | $5.2M | ||
| Q3 25 | $45.1M | — | ||
| Q2 25 | $24.7M | $-8.3M | ||
| Q1 25 | $16.6M | — | ||
| Q4 24 | $22.9M | $-593.0K | ||
| Q3 24 | $38.7M | $-5.3M | ||
| Q2 24 | $20.7M | $-6.4M | ||
| Q1 24 | $11.7M | $-8.6M |
毛利率HTOLE
| Q4 25 | — | 51.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 50.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 50.6% | ||
| Q3 24 | — | 47.9% | ||
| Q2 24 | — | 48.7% | ||
| Q1 24 | — | 38.0% |
营业利润率HTOLE
| Q4 25 | 16.6% | 5.3% | ||
| Q3 25 | 26.5% | — | ||
| Q2 25 | 22.2% | -0.9% | ||
| Q1 25 | 21.8% | — | ||
| Q4 24 | 22.2% | 2.9% | ||
| Q3 24 | 26.9% | 0.8% | ||
| Q2 24 | 23.4% | 0.8% | ||
| Q1 24 | 18.6% | 1.6% |
净利率HTOLE
| Q4 25 | 8.1% | 1.6% | ||
| Q3 25 | 18.5% | — | ||
| Q2 25 | 12.5% | -3.2% | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 11.7% | -0.2% | ||
| Q3 24 | 17.8% | -1.7% | ||
| Q2 24 | 12.0% | -2.3% | ||
| Q1 24 | 7.8% | -1.7% |
每股收益（稀释后）HTOLE
| Q4 25 | $0.45 | $0.17 | ||
| Q3 25 | $1.27 | — | ||
| Q2 25 | $0.71 | $-0.27 | ||
| Q1 25 | $0.49 | — | ||
| Q4 24 | $0.70 | $-0.02 | ||
| Q3 24 | $1.17 | $-0.17 | ||
| Q2 24 | $0.64 | $-0.20 | ||
| Q1 24 | $0.36 | $-0.27 |
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 | $36.3M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.5B | $231.0M |
| 总资产 | $5.1B | $852.7M |
| 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HTOLE
| Q4 25 | $20.7M | $36.3M | ||
| Q3 25 | $11.3M | — | ||
| Q2 25 | $19.8M | $18.1M | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $11.1M | $30.4M | ||
| Q3 24 | $4.0M | $25.6M | ||
| Q2 24 | $22.8M | $27.4M | ||
| Q1 24 | $4.5M | $25.3M |
总债务HTOLE
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HTOLE
| Q4 25 | $1.5B | $231.0M | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | $230.1M | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $223.6M | ||
| Q3 24 | $1.3B | $226.5M | ||
| Q2 24 | $1.3B | $234.6M | ||
| Q1 24 | $1.2B | $241.6M |
总资产HTOLE
| Q4 25 | $5.1B | $852.7M | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.8B | $760.5M | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.7B | $843.6M | ||
| Q3 24 | $4.6B | $802.5M | ||
| Q2 24 | $4.4B | $800.1M | ||
| Q1 24 | $4.4B | $811.5M |
负债/权益比HTOLE
| 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 | $-15.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-22.4M |
| 自由现金流率自由现金流/营收 | — | -7.1% |
| 资本支出强度资本支出/营收 | — | 2.1% |
| 现金转化率经营现金流/净利润 | 3.92× | -3.03× |
| 过去12个月自由现金流最近4个季度 | — | $-55.0M |
8季度趋势，按日历期对齐
经营现金流HTOLE
| Q4 25 | $63.5M | $-15.7M | ||
| Q3 25 | $77.3M | — | ||
| Q2 25 | $60.8M | $-22.5M | ||
| Q1 25 | $43.2M | — | ||
| Q4 24 | $41.5M | $-17.1M | ||
| Q3 24 | $53.5M | $30.7M | ||
| Q2 24 | $49.3M | $-25.8M | ||
| Q1 24 | $51.2M | $93.9M |
自由现金流HTOLE
| Q4 25 | — | $-22.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-30.7M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-27.8M | ||
| Q3 24 | — | $26.0M | ||
| Q2 24 | — | $-32.6M | ||
| Q1 24 | — | $87.5M |
自由现金流率HTOLE
| Q4 25 | — | -7.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -11.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -8.7% | ||
| Q3 24 | — | 8.2% | ||
| Q2 24 | — | -11.4% | ||
| Q1 24 | — | 17.0% |
资本支出强度HTOLE
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 1.2% |
现金转化率HTOLE
| Q4 25 | 3.92× | -3.03× | ||
| 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% |
LE
| U Se Commerce | $179.8M | 57% |
| Business Outfitters Revenue | $78.8M | 25% |
| Licensing And Retail | $20.2M | 6% |
| Other | $19.8M | 6% |
| Third Party | $18.9M | 6% |
