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H2O AMERICA（HTO）与MEDICAL PROPERTIES TRUST INC（MPW）财务数据对比。点击上方公司名可切换其他公司
MEDICAL PROPERTIES TRUST INC的季度营收约是H2O AMERICA的1.4倍（$270.3M vs $199.4M），H2O AMERICA净利率更高（8.1% vs 6.5%，领先1.6%），MEDICAL PROPERTIES TRUST INC同比增速更快（16.6% vs 1.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs -0.2%）
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。
Medical Properties Trust, Inc.（MPT）是一家总部位于美国阿拉巴马州伯明翰的跨国房地产投资信托基金（REIT），主要在美欧地区收购、投资医疗保健设施与营利性医疗控股公司，资产收购多采用售后回租模式，原业主出售资产后成为其租户，租户通常需签署长期三净租赁协议。
HTO vs MPW — 直观对比
营收规模更大
MPW
是对方的1.4倍
$199.4M
营收增速更快
MPW
高出15.1%
1.5%
净利率更高
HTO
高出1.6%
6.5%
两年增速更快
HTO
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $270.3M |
| 净利润 | $16.2M | $17.6M |
| 毛利率 | — | 95.8% |
| 营业利润率 | 16.6% | 9.7% |
| 净利率 | 8.1% | 6.5% |
| 营收同比 | 1.5% | 16.6% |
| 净利润同比 | -29.2% | 104.3% |
| 每股收益（稀释后） | $0.45 | $0.03 |
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HTOMPW
| Q4 25 | $199.4M | $270.3M | ||
| Q3 25 | $243.5M | $237.5M | ||
| Q2 25 | $197.8M | $240.4M | ||
| Q1 25 | $164.9M | $223.8M | ||
| Q4 24 | $196.5M | $231.8M | ||
| Q3 24 | $216.7M | $225.8M | ||
| Q2 24 | $173.1M | $266.6M | ||
| Q1 24 | $150.0M | $271.3M |
净利润HTOMPW
| Q4 25 | $16.2M | $17.6M | ||
| Q3 25 | $45.1M | $-77.7M | ||
| Q2 25 | $24.7M | $-98.4M | ||
| Q1 25 | $16.6M | $-118.3M | ||
| Q4 24 | $22.9M | $-412.3M | ||
| Q3 24 | $38.7M | $-801.2M | ||
| Q2 24 | $20.7M | $-320.6M | ||
| Q1 24 | $11.7M | $-875.6M |
毛利率HTOMPW
| Q4 25 | — | 95.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 91.8% | ||
| Q1 25 | — | 63.6% | ||
| Q4 24 | — | 90.9% | ||
| Q3 24 | — | 96.5% | ||
| Q2 24 | — | 98.4% | ||
| Q1 24 | — | 84.9% |
营业利润率HTOMPW
| Q4 25 | 16.6% | 9.7% | ||
| Q3 25 | 26.5% | -28.0% | ||
| Q2 25 | 22.2% | -36.7% | ||
| Q1 25 | 21.8% | -48.5% | ||
| Q4 24 | 22.2% | -173.7% | ||
| Q3 24 | 26.9% | -350.7% | ||
| Q2 24 | 23.4% | -114.5% | ||
| Q1 24 | 18.6% | -318.6% |
净利率HTOMPW
| Q4 25 | 8.1% | 6.5% | ||
| Q3 25 | 18.5% | -32.7% | ||
| Q2 25 | 12.5% | -40.9% | ||
| Q1 25 | 10.0% | -52.8% | ||
| Q4 24 | 11.7% | -177.8% | ||
| Q3 24 | 17.8% | -354.8% | ||
| Q2 24 | 12.0% | -120.3% | ||
| Q1 24 | 7.8% | -322.7% |
每股收益（稀释后）HTOMPW
| Q4 25 | $0.45 | $0.03 | ||
| Q3 25 | $1.27 | $-0.13 | ||
| Q2 25 | $0.71 | $-0.16 | ||
| Q1 25 | $0.49 | $-0.20 | ||
| Q4 24 | $0.70 | $-0.68 | ||
| Q3 24 | $1.17 | $-1.34 | ||
| Q2 24 | $0.64 | $-0.54 | ||
| Q1 24 | $0.36 | $-1.46 |
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 | $540.9M |
| 总债务越低越好 | $1.9B | $9.7B |
| 股东权益账面价值 | $1.5B | $4.6B |
| 总资产 | $5.1B | $15.0B |
| 负债/权益比越低杠杆越低 | 1.23× | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资HTOMPW
| Q4 25 | $20.7M | $540.9M | ||
| Q3 25 | $11.3M | $396.6M | ||
| Q2 25 | $19.8M | $509.8M | ||
| Q1 25 | $23.7M | $673.5M | ||
| Q4 24 | $11.1M | $332.3M | ||
| Q3 24 | $4.0M | $275.6M | ||
| Q2 24 | $22.8M | $606.5M | ||
| Q1 24 | $4.5M | $224.3M |
总债务HTOMPW
| Q4 25 | $1.9B | $9.7B | ||
| Q3 25 | — | $9.6B | ||
| Q2 25 | — | $9.6B | ||
| Q1 25 | — | $9.5B | ||
| Q4 24 | $1.7B | $8.8B | ||
| Q3 24 | — | $9.2B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | — | $10.1B |
股东权益HTOMPW
| Q4 25 | $1.5B | $4.6B | ||
| Q3 25 | $1.5B | $4.7B | ||
| Q2 25 | $1.5B | $4.8B | ||
| Q1 25 | $1.4B | $4.8B | ||
| Q4 24 | $1.4B | $4.8B | ||
| Q3 24 | $1.3B | $5.4B | ||
| Q2 24 | $1.3B | $6.2B | ||
| Q1 24 | $1.2B | $6.7B |
总资产HTOMPW
| Q4 25 | $5.1B | $15.0B | ||
| Q3 25 | $5.0B | $14.9B | ||
| Q2 25 | $4.8B | $15.2B | ||
| Q1 25 | $4.7B | $14.9B | ||
| Q4 24 | $4.7B | $14.3B | ||
| Q3 24 | $4.6B | $15.2B | ||
| Q2 24 | $4.4B | $16.2B | ||
| Q1 24 | $4.4B | $17.3B |
负债/权益比HTOMPW
| Q4 25 | 1.23× | 2.11× | ||
| Q3 25 | — | 2.06× | ||
| Q2 25 | — | 2.00× | ||
| Q1 25 | — | 1.99× | ||
| Q4 24 | 1.26× | 1.83× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.51× | ||
| Q1 24 | — | 1.51× |
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 | $230.8M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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× | 13.11× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流HTOMPW
| Q4 25 | $63.5M | $230.8M | ||
| Q3 25 | $77.3M | $18.6M | ||
| Q2 25 | $60.8M | $51.7M | ||
| Q1 25 | $43.2M | $384.0K | ||
| Q4 24 | $41.5M | $245.5M | ||
| Q3 24 | $53.5M | $59.2M | ||
| Q2 24 | $49.3M | $35.3M | ||
| Q1 24 | $51.2M | $74.3M |
现金转化率HTOMPW
| Q4 25 | 3.92× | 13.11× | ||
| 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% |
MPW
暂无分部数据
