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H2O AMERICA（HTO）与莱迪思半导体（LSCC）财务数据对比。点击上方公司名可切换其他公司
H2O AMERICA的季度营收约是莱迪思半导体的1.4倍（$199.4M vs $145.8M），H2O AMERICA净利率更高（8.1% vs -5.2%，领先13.4%），莱迪思半导体同比增速更快（9.3% vs 1.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs 8.4%）
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。
莱迪思半导体是美国专注于低功耗现场可编程门阵列（FPGA）设计制造的半导体企业，1983年成立，1989年上市，总部位于俄勒冈州希尔斯伯勒硅林区，在圣何塞、上海、马尼拉、槟城、新加坡等地设有运营网点，截至2022年员工超1000人，年营收超6.6亿美元。
HTO vs LSCC — 直观对比
营收规模更大
HTO
是对方的1.4倍
$145.8M
营收增速更快
LSCC
高出7.8%
1.5%
净利率更高
HTO
高出13.4%
-5.2%
两年增速更快
HTO
近两年复合增速
8.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $145.8M |
| 净利润 | $16.2M | $-7.6M |
| 毛利率 | — | 68.5% |
| 营业利润率 | 16.6% | 30.7% |
| 净利率 | 8.1% | -5.2% |
| 营收同比 | 1.5% | 9.3% |
| 净利润同比 | -29.2% | 14.6% |
| 每股收益（稀释后） | $0.45 | $-0.06 |
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HTOLSCC
| Q1 26 | — | $145.8M | ||
| Q4 25 | $199.4M | — | ||
| Q3 25 | $243.5M | $133.3M | ||
| Q2 25 | $197.8M | $124.0M | ||
| Q1 25 | $164.9M | $120.2M | ||
| Q4 24 | $196.5M | $117.4M | ||
| Q3 24 | $216.7M | $127.1M | ||
| Q2 24 | $173.1M | $124.1M |
净利润HTOLSCC
| Q1 26 | — | $-7.6M | ||
| Q4 25 | $16.2M | — | ||
| Q3 25 | $45.1M | $2.8M | ||
| Q2 25 | $24.7M | $2.9M | ||
| Q1 25 | $16.6M | $5.0M | ||
| Q4 24 | $22.9M | $16.5M | ||
| Q3 24 | $38.7M | $7.2M | ||
| Q2 24 | $20.7M | $22.6M |
毛利率HTOLSCC
| Q1 26 | — | 68.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 67.9% | ||
| Q2 25 | — | 68.4% | ||
| Q1 25 | — | 68.0% | ||
| Q4 24 | — | 61.1% | ||
| Q3 24 | — | 69.0% | ||
| Q2 24 | — | 68.3% |
营业利润率HTOLSCC
| Q1 26 | — | 0.7% | ||
| Q4 25 | 16.6% | — | ||
| Q3 25 | 26.5% | -1.2% | ||
| Q2 25 | 22.2% | 3.8% | ||
| Q1 25 | 21.8% | 5.8% | ||
| Q4 24 | 22.2% | -10.4% | ||
| Q3 24 | 26.9% | 5.9% | ||
| Q2 24 | 23.4% | 18.2% |
净利率HTOLSCC
| Q1 26 | — | -5.2% | ||
| Q4 25 | 8.1% | — | ||
| Q3 25 | 18.5% | 2.1% | ||
| Q2 25 | 12.5% | 2.3% | ||
| Q1 25 | 10.0% | 4.2% | ||
| Q4 24 | 11.7% | 14.1% | ||
| Q3 24 | 17.8% | 5.7% | ||
| Q2 24 | 12.0% | 18.2% |
每股收益（稀释后）HTOLSCC
| Q1 26 | — | $-0.06 | ||
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | $0.02 | ||
| Q2 25 | $0.71 | $0.02 | ||
| Q1 25 | $0.49 | $0.04 | ||
| Q4 24 | $0.70 | $0.12 | ||
| Q3 24 | $1.17 | $0.05 | ||
| Q2 24 | $0.64 | $0.16 |
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 | $133.9M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.5B | $714.1M |
| 总资产 | $5.1B | — |
| 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HTOLSCC
| Q1 26 | — | $133.9M | ||
| Q4 25 | $20.7M | — | ||
| Q3 25 | $11.3M | $117.9M | ||
| Q2 25 | $19.8M | $107.2M | ||
| Q1 25 | $23.7M | $127.6M | ||
| Q4 24 | $11.1M | $136.3M | ||
| Q3 24 | $4.0M | $124.3M | ||
| Q2 24 | $22.8M | $109.2M |
总债务HTOLSCC
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HTOLSCC
| Q1 26 | — | $714.1M | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $706.4M | ||
| Q2 25 | $1.5B | $687.0M | ||
| Q1 25 | $1.4B | $707.9M | ||
| Q4 24 | $1.4B | $710.9M | ||
| Q3 24 | $1.3B | $703.5M | ||
| Q2 24 | $1.3B | $698.8M |
总资产HTOLSCC
| Q1 26 | — | $883.1M | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $844.4M | ||
| Q2 25 | $4.8B | $808.6M | ||
| Q1 25 | $4.7B | $823.6M | ||
| Q4 24 | $4.7B | $843.9M | ||
| Q3 24 | $4.6B | $853.7M | ||
| Q2 24 | $4.4B | $827.5M |
负债/权益比HTOLSCC
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $57.6M |
| 自由现金流经营现金流 - 资本支出 | — | $44.0M |
| 自由现金流率自由现金流/营收 | — | 30.2% |
| 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 | — | $153.3M |
8季度趋势，按日历期对齐
经营现金流HTOLSCC
| Q1 26 | — | $57.6M | ||
| Q4 25 | $63.5M | — | ||
| Q3 25 | $77.3M | $47.1M | ||
| Q2 25 | $60.8M | $38.5M | ||
| Q1 25 | $43.2M | $31.9M | ||
| Q4 24 | $41.5M | $45.4M | ||
| Q3 24 | $53.5M | $44.0M | ||
| Q2 24 | $49.3M | $21.9M |
自由现金流HTOLSCC
| Q1 26 | — | $44.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | — | $31.3M | ||
| Q1 25 | — | $23.3M | ||
| Q4 24 | — | $39.7M | ||
| Q3 24 | — | $39.4M | ||
| Q2 24 | — | $14.8M |
自由现金流率HTOLSCC
| Q1 26 | — | 30.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 25.5% | ||
| Q2 25 | — | 25.2% | ||
| Q1 25 | — | 19.4% | ||
| Q4 24 | — | 33.8% | ||
| Q3 24 | — | 31.0% | ||
| Q2 24 | — | 11.9% |
资本支出强度HTOLSCC
| Q1 26 | — | 9.3% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 9.8% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 4.9% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 5.8% |
现金转化率HTOLSCC
| Q1 26 | — | — | ||
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | 16.86× | ||
| Q2 25 | 2.47× | 13.23× | ||
| Q1 25 | 2.61× | 6.35× | ||
| Q4 24 | 1.81× | 2.75× | ||
| Q3 24 | 1.39× | 6.12× | ||
| Q2 24 | 2.38× | 0.97× |
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% |
LSCC
暂无分部数据
