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H2O AMERICA（HTO）与迈心诺（MASI）财务数据对比。点击上方公司名可切换其他公司
迈心诺的季度营收约是H2O AMERICA的1.9倍（$371.5M vs $199.4M），H2O AMERICA净利率更高（8.1% vs -27.0%，领先35.2%），H2O AMERICA同比增速更快（1.5% vs -26.4%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs -17.7%）
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。
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
HTO vs MASI — 直观对比
营收规模更大
MASI
是对方的1.9倍
$199.4M
营收增速更快
HTO
高出27.9%
-26.4%
净利率更高
HTO
高出35.2%
-27.0%
两年增速更快
HTO
近两年复合增速
-17.7%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $371.5M |
| 净利润 | $16.2M | $-100.4M |
| 毛利率 | — | 62.1% |
| 营业利润率 | 16.6% | 22.5% |
| 净利率 | 8.1% | -27.0% |
| 营收同比 | 1.5% | -26.4% |
| 净利润同比 | -29.2% | -1124.5% |
| 每股收益（稀释后） | $0.45 | $-1.84 |
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HTOMASI
| Q4 25 | $199.4M | — | ||
| Q3 25 | $243.5M | $371.5M | ||
| Q2 25 | $197.8M | $370.9M | ||
| Q1 25 | $164.9M | $372.0M | ||
| Q4 24 | $196.5M | $600.7M | ||
| Q3 24 | $216.7M | $504.6M | ||
| Q2 24 | $173.1M | $496.3M | ||
| Q1 24 | $150.0M | $492.8M |
净利润HTOMASI
| Q4 25 | $16.2M | — | ||
| Q3 25 | $45.1M | $-100.4M | ||
| Q2 25 | $24.7M | $51.3M | ||
| Q1 25 | $16.6M | $-170.7M | ||
| Q4 24 | $22.9M | $-349.6M | ||
| Q3 24 | $38.7M | $9.8M | ||
| Q2 24 | $20.7M | $16.0M | ||
| Q1 24 | $11.7M | $18.9M |
毛利率HTOMASI
| Q4 25 | — | — | ||
| Q3 25 | — | 62.1% | ||
| Q2 25 | — | 62.9% | ||
| Q1 25 | — | 62.9% | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 51.3% | ||
| Q1 24 | — | 49.0% |
营业利润率HTOMASI
| Q4 25 | 16.6% | — | ||
| Q3 25 | 26.5% | 22.5% | ||
| Q2 25 | 22.2% | 17.4% | ||
| Q1 25 | 21.8% | 21.0% | ||
| Q4 24 | 22.2% | -59.8% | ||
| Q3 24 | 26.9% | 6.0% | ||
| Q2 24 | 23.4% | 5.7% | ||
| Q1 24 | 18.6% | 6.9% |
净利率HTOMASI
| Q4 25 | 8.1% | — | ||
| Q3 25 | 18.5% | -27.0% | ||
| Q2 25 | 12.5% | 13.8% | ||
| Q1 25 | 10.0% | -45.9% | ||
| Q4 24 | 11.7% | -58.2% | ||
| Q3 24 | 17.8% | 1.9% | ||
| Q2 24 | 12.0% | 3.2% | ||
| Q1 24 | 7.8% | 3.8% |
每股收益（稀释后）HTOMASI
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | $-1.84 | ||
| Q2 25 | $0.71 | $0.94 | ||
| Q1 25 | $0.49 | $-3.12 | ||
| Q4 24 | $0.70 | $-6.54 | ||
| Q3 24 | $1.17 | $0.18 | ||
| Q2 24 | $0.64 | $0.29 | ||
| Q1 24 | $0.36 | $0.35 |
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 | $312.3M |
| 总债务越低越好 | $1.9B | $559.1M |
| 股东权益账面价值 | $1.5B | $810.0M |
| 总资产 | $5.1B | $1.8B |
| 负债/权益比越低杠杆越低 | 1.23× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资HTOMASI
| Q4 25 | $20.7M | — | ||
| Q3 25 | $11.3M | $312.3M | ||
| Q2 25 | $19.8M | $149.6M | ||
| Q1 25 | $23.7M | $130.8M | ||
| Q4 24 | $11.1M | $177.6M | ||
| Q3 24 | $4.0M | $158.5M | ||
| Q2 24 | $22.8M | $129.6M | ||
| Q1 24 | $4.5M | $157.6M |
总债务HTOMASI
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | $559.1M | ||
| Q2 25 | — | $613.7M | ||
| Q1 25 | — | $651.0M | ||
| Q4 24 | $1.7B | $765.2M | ||
| Q3 24 | — | $772.6M | ||
| Q2 24 | — | $781.6M | ||
| Q1 24 | — | $876.0M |
股东权益HTOMASI
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $810.0M | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.4B | $946.4M | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.2B | $1.4B |
总资产HTOMASI
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $1.8B | ||
| Q2 25 | $4.8B | $2.4B | ||
| Q1 25 | $4.7B | $2.3B | ||
| Q4 24 | $4.7B | $2.6B | ||
| Q3 24 | $4.6B | $3.1B | ||
| Q2 24 | $4.4B | $2.9B | ||
| Q1 24 | $4.4B | $3.0B |
负债/权益比HTOMASI
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 1.26× | 0.73× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.64× |
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 | $56.8M |
| 自由现金流经营现金流 - 资本支出 | — | $50.9M |
| 自由现金流率自由现金流/营收 | — | 13.7% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 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 | — | $191.0M |
8季度趋势，按日历期对齐
经营现金流HTOMASI
| Q4 25 | $63.5M | — | ||
| Q3 25 | $77.3M | $56.8M | ||
| Q2 25 | $60.8M | $69.4M | ||
| Q1 25 | $43.2M | $31.1M | ||
| Q4 24 | $41.5M | $50.5M | ||
| Q3 24 | $53.5M | $25.6M | ||
| Q2 24 | $49.3M | $74.5M | ||
| Q1 24 | $51.2M | $45.8M |
自由现金流HTOMASI
| Q4 25 | — | — | ||
| Q3 25 | — | $50.9M | ||
| Q2 25 | — | $65.6M | ||
| Q1 25 | — | $28.5M | ||
| Q4 24 | — | $46.0M | ||
| Q3 24 | — | $16.9M | ||
| Q2 24 | — | $66.9M | ||
| Q1 24 | — | $37.6M |
自由现金流率HTOMASI
| Q4 25 | — | — | ||
| Q3 25 | — | 13.7% | ||
| Q2 25 | — | 17.7% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 13.5% | ||
| Q1 24 | — | 7.6% |
资本支出强度HTOMASI
| Q4 25 | — | — | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.7% |
现金转化率HTOMASI
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | 1.35× | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | 2.61× | ||
| Q2 24 | 2.38× | 4.66× | ||
| Q1 24 | 4.38× | 2.42× |
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% |
MASI
暂无分部数据
