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H2O AMERICA（HTO）与MONRO, INC.（MNRO）财务数据对比。点击上方公司名可切换其他公司
MONRO, INC.的季度营收约是H2O AMERICA的1.5倍（$293.4M vs $199.4M），H2O AMERICA净利率更高（8.1% vs 3.8%，领先4.3%），H2O AMERICA同比增速更快（1.5% vs -4.0%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs -2.7%）
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。
蒙罗公司（Monro, Inc.）是一家汽车服务企业，创始并总部设在美国纽约州罗切斯特。截至2025年，蒙罗共拥有1260家门店，按门店数量与营收计算，是北美仅次于Driven Brands的第二大汽车服务企业。
HTO vs MNRO — 直观对比
营收规模更大
MNRO
是对方的1.5倍
$199.4M
营收增速更快
HTO
高出5.5%
-4.0%
净利率更高
HTO
高出4.3%
3.8%
两年增速更快
HTO
近两年复合增速
-2.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $293.4M |
| 净利润 | $16.2M | $11.1M |
| 毛利率 | — | 34.9% |
| 营业利润率 | 16.6% | 6.3% |
| 净利率 | 8.1% | 3.8% |
| 营收同比 | 1.5% | -4.0% |
| 净利润同比 | -29.2% | 143.1% |
| 每股收益（稀释后） | $0.45 | $0.35 |
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HTOMNRO
| Q4 25 | $199.4M | $293.4M | ||
| Q3 25 | $243.5M | $288.9M | ||
| Q2 25 | $197.8M | $301.0M | ||
| Q1 25 | $164.9M | $295.0M | ||
| Q4 24 | $196.5M | $305.8M | ||
| Q3 24 | $216.7M | $301.4M | ||
| Q2 24 | $173.1M | $293.2M | ||
| Q1 24 | $150.0M | $310.1M |
净利润HTOMNRO
| Q4 25 | $16.2M | $11.1M | ||
| Q3 25 | $45.1M | $5.7M | ||
| Q2 25 | $24.7M | $-8.1M | ||
| Q1 25 | $16.6M | $-21.3M | ||
| Q4 24 | $22.9M | $4.6M | ||
| Q3 24 | $38.7M | $5.6M | ||
| Q2 24 | $20.7M | $5.9M | ||
| Q1 24 | $11.7M | $3.7M |
毛利率HTOMNRO
| Q4 25 | — | 34.9% | ||
| Q3 25 | — | 35.7% | ||
| Q2 25 | — | 35.5% | ||
| Q1 25 | — | 33.0% | ||
| Q4 24 | — | 34.3% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 37.2% | ||
| Q1 24 | — | 35.5% |
营业利润率HTOMNRO
| Q4 25 | 16.6% | 6.3% | ||
| Q3 25 | 26.5% | 4.4% | ||
| Q2 25 | 22.2% | -2.0% | ||
| Q1 25 | 21.8% | -8.1% | ||
| Q4 24 | 22.2% | 3.3% | ||
| Q3 24 | 26.9% | 4.4% | ||
| Q2 24 | 23.4% | 4.5% | ||
| Q1 24 | 18.6% | 3.3% |
净利率HTOMNRO
| Q4 25 | 8.1% | 3.8% | ||
| Q3 25 | 18.5% | 2.0% | ||
| Q2 25 | 12.5% | -2.7% | ||
| Q1 25 | 10.0% | -7.2% | ||
| Q4 24 | 11.7% | 1.5% | ||
| Q3 24 | 17.8% | 1.9% | ||
| Q2 24 | 12.0% | 2.0% | ||
| Q1 24 | 7.8% | 1.2% |
每股收益（稀释后）HTOMNRO
| Q4 25 | $0.45 | $0.35 | ||
| Q3 25 | $1.27 | $0.18 | ||
| Q2 25 | $0.71 | $-0.28 | ||
| Q1 25 | $0.49 | $-0.74 | ||
| Q4 24 | $0.70 | $0.15 | ||
| Q3 24 | $1.17 | $0.18 | ||
| Q2 24 | $0.64 | $0.19 | ||
| Q1 24 | $0.36 | $0.12 |
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 | $4.9M |
| 总债务越低越好 | $1.9B | $45.0M |
| 股东权益账面价值 | $1.5B | $604.9M |
| 总资产 | $5.1B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.23× | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资HTOMNRO
| Q4 25 | $20.7M | $4.9M | ||
| Q3 25 | $11.3M | $10.5M | ||
| Q2 25 | $19.8M | $7.8M | ||
| Q1 25 | $23.7M | $20.8M | ||
| Q4 24 | $11.1M | $10.2M | ||
| Q3 24 | $4.0M | $20.9M | ||
| Q2 24 | $22.8M | $18.7M | ||
| Q1 24 | $4.5M | $6.6M |
总债务HTOMNRO
| Q4 25 | $1.9B | $45.0M | ||
| Q3 25 | — | $60.0M | ||
| Q2 25 | — | $71.5M | ||
| Q1 25 | — | $61.3M | ||
| Q4 24 | $1.7B | $59.3M | ||
| Q3 24 | — | $62.0M | ||
| Q2 24 | — | $112.0M | ||
| Q1 24 | — | $102.0M |
股东权益HTOMNRO
| Q4 25 | $1.5B | $604.9M | ||
| Q3 25 | $1.5B | $601.7M | ||
| Q2 25 | $1.5B | $604.9M | ||
| Q1 25 | $1.4B | $620.8M | ||
| Q4 24 | $1.4B | $648.9M | ||
| Q3 24 | $1.3B | $651.9M | ||
| Q2 24 | $1.3B | $654.4M | ||
| Q1 24 | $1.2B | $656.8M |
总资产HTOMNRO
| Q4 25 | $5.1B | $1.6B | ||
| Q3 25 | $5.0B | $1.6B | ||
| Q2 25 | $4.8B | $1.6B | ||
| Q1 25 | $4.7B | $1.6B | ||
| Q4 24 | $4.7B | $1.7B | ||
| Q3 24 | $4.6B | $1.7B | ||
| Q2 24 | $4.4B | $1.7B | ||
| Q1 24 | $4.4B | $1.7B |
负债/权益比HTOMNRO
| Q4 25 | 1.23× | 0.07× | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | 1.26× | 0.09× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.17× | ||
| Q1 24 | — | 0.16× |
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 | $17.8M |
| 自由现金流经营现金流 - 资本支出 | — | $9.1M |
| 自由现金流率自由现金流/营收 | — | 3.1% |
| 资本支出强度资本支出/营收 | — | 3.0% |
| 现金转化率经营现金流/净利润 | 3.92× | 1.60× |
| 过去12个月自由现金流最近4个季度 | — | $49.6M |
8季度趋势，按日历期对齐
经营现金流HTOMNRO
| Q4 25 | $63.5M | $17.8M | ||
| Q3 25 | $77.3M | $32.3M | ||
| Q2 25 | $60.8M | $-1.9M | ||
| Q1 25 | $43.2M | $28.9M | ||
| Q4 24 | $41.5M | $14.8M | ||
| Q3 24 | $53.5M | $62.6M | ||
| Q2 24 | $49.3M | $25.6M | ||
| Q1 24 | $51.2M | $-5.3M |
自由现金流HTOMNRO
| Q4 25 | — | $9.1M | ||
| Q3 25 | — | $26.6M | ||
| Q2 25 | — | $-9.3M | ||
| Q1 25 | — | $23.2M | ||
| Q4 24 | — | $7.9M | ||
| Q3 24 | — | $57.6M | ||
| Q2 24 | — | $16.8M | ||
| Q1 24 | — | $-11.9M |
自由现金流率HTOMNRO
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | -3.1% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 19.1% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | -3.8% |
资本支出强度HTOMNRO
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 2.1% |
现金转化率HTOMNRO
| Q4 25 | 3.92× | 1.60× | ||
| Q3 25 | 1.71× | 5.71× | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 1.81× | 3.23× | ||
| Q3 24 | 1.39× | 11.08× | ||
| Q2 24 | 2.38× | 4.37× | ||
| Q1 24 | 4.38× | -1.42× |
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% |
MNRO
| Tires | $150.2M | 51% |
| Maintenance | $73.5M | 25% |
| Brakes | $35.1M | 12% |
| Steering | $24.9M | 8% |
| Batteries | $6.2M | 2% |
| Exhaust | $3.2M | 1% |
