vs
H2O AMERICA（HTO）与NOODLES & Co（NDLS）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NOODLES & Co的1.6倍（$199.4M vs $122.1M），H2O AMERICA净利率更高（8.1% vs -7.5%，领先15.6%），H2O AMERICA同比增速更快（1.5% vs -4.1%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs -1.2%）
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。
Noodles & Company是源自美国的休闲快餐连锁品牌，主打融合多国风味及美式特色的面条菜品，同时也供应汤品和沙拉。品牌由亚伦·肯尼迪创立于1995年，总部位于科罗拉多州布鲁姆菲尔德，截至2022年年中，品牌已在美国31个州开出了458家门店。
HTO vs NDLS — 直观对比
营收规模更大
HTO
是对方的1.6倍
$122.1M
营收增速更快
HTO
高出5.6%
-4.1%
净利率更高
HTO
高出15.6%
-7.5%
两年增速更快
HTO
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $122.1M |
| 净利润 | $16.2M | $-9.2M |
| 毛利率 | — | — |
| 营业利润率 | 16.6% | -5.2% |
| 净利率 | 8.1% | -7.5% |
| 营收同比 | 1.5% | -4.1% |
| 净利润同比 | -29.2% | 32.8% |
| 每股收益（稀释后） | $0.45 | $-0.20 |
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HTONDLS
| Q4 25 | $199.4M | — | ||
| Q3 25 | $243.5M | $122.1M | ||
| Q2 25 | $197.8M | $123.8M | ||
| Q1 25 | $164.9M | — | ||
| Q4 24 | $196.5M | $122.8M | ||
| Q3 24 | $216.7M | $127.4M | ||
| Q2 24 | $173.1M | $121.4M | ||
| Q1 24 | $150.0M | $124.3M |
净利润HTONDLS
| Q4 25 | $16.2M | — | ||
| Q3 25 | $45.1M | $-9.2M | ||
| Q2 25 | $24.7M | $-9.1M | ||
| Q1 25 | $16.6M | — | ||
| Q4 24 | $22.9M | $-6.8M | ||
| Q3 24 | $38.7M | $-13.6M | ||
| Q2 24 | $20.7M | $-6.1M | ||
| Q1 24 | $11.7M | $-6.1M |
营业利润率HTONDLS
| Q4 25 | 16.6% | — | ||
| Q3 25 | 26.5% | -5.2% | ||
| Q2 25 | 22.2% | -5.2% | ||
| Q1 25 | 21.8% | — | ||
| Q4 24 | 22.2% | -3.9% | ||
| Q3 24 | 26.9% | -9.0% | ||
| Q2 24 | 23.4% | -3.4% | ||
| Q1 24 | 18.6% | -3.7% |
净利率HTONDLS
| Q4 25 | 8.1% | — | ||
| Q3 25 | 18.5% | -7.5% | ||
| Q2 25 | 12.5% | -7.3% | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 11.7% | -5.5% | ||
| Q3 24 | 17.8% | -10.7% | ||
| Q2 24 | 12.0% | -5.1% | ||
| Q1 24 | 7.8% | -4.9% |
每股收益（稀释后）HTONDLS
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | $-0.20 | ||
| Q2 25 | $0.71 | $-0.20 | ||
| Q1 25 | $0.49 | — | ||
| Q4 24 | $0.70 | $-0.15 | ||
| Q3 24 | $1.17 | $-0.30 | ||
| Q2 24 | $0.64 | $-0.14 | ||
| Q1 24 | $0.36 | $-1.64 |
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 | $4.7M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.5B | $-38.9M |
| 总资产 | $5.1B | $280.6M |
| 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HTONDLS
| Q4 25 | $20.7M | — | ||
| Q3 25 | $11.3M | $4.7M | ||
| Q2 25 | $19.8M | $1.4M | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $11.1M | $3.3M | ||
| Q3 24 | $4.0M | $1.8M | ||
| Q2 24 | $22.8M | $1.3M | ||
| Q1 24 | $4.5M | $3.0M |
总债务HTONDLS
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HTONDLS
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $-38.9M | ||
| Q2 25 | $1.5B | $-13.9M | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $3.7M | ||
| Q3 24 | $1.3B | $9.6M | ||
| Q2 24 | $1.3B | $21.9M | ||
| Q1 24 | $1.2B | $27.2M |
总资产HTONDLS
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $280.6M | ||
| Q2 25 | $4.8B | $319.4M | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.7B | $340.5M | ||
| Q3 24 | $4.6B | $346.3M | ||
| Q2 24 | $4.4B | $360.4M | ||
| Q1 24 | $4.4B | $368.1M |
负债/权益比HTONDLS
| 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 | $4.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-2.8M |
| 自由现金流率自由现金流/营收 | — | -2.3% |
| 资本支出强度资本支出/营收 | — | 5.8% |
| 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 | — | $-7.5M |
8季度趋势，按日历期对齐
经营现金流HTONDLS
| Q4 25 | $63.5M | — | ||
| Q3 25 | $77.3M | $4.3M | ||
| Q2 25 | $60.8M | $4.0M | ||
| Q1 25 | $43.2M | — | ||
| Q4 24 | $41.5M | $5.8M | ||
| Q3 24 | $53.5M | $4.7M | ||
| Q2 24 | $49.3M | $7.0M | ||
| Q1 24 | $51.2M | $164.0K |
自由现金流HTONDLS
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.8M | ||
| Q2 25 | — | $1.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | — | $-4.5M | ||
| Q2 24 | — | $-1.6M | ||
| Q1 24 | — | $-15.2M |
自由现金流率HTONDLS
| Q4 25 | — | — | ||
| Q3 25 | — | -2.3% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -3.5% | ||
| Q2 24 | — | -1.4% | ||
| Q1 24 | — | -12.2% |
资本支出强度HTONDLS
| Q4 25 | — | — | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 12.3% |
现金转化率HTONDLS
| Q4 25 | 3.92× | — | ||
| 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% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
