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H2O AMERICA（HTO）与Navigator Holdings Ltd.（NVGS）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Navigator Holdings Ltd.的1.5倍（$199.4M vs $129.6M），Navigator Holdings Ltd.净利率更高（16.5% vs 8.1%，领先8.4%），H2O AMERICA同比增速更快（1.5% vs -11.6%）
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。
Navigator Holdings Ltd.是一家全球化液化气体海上运输企业，主营液化气体运输船队运营业务，为全球能源、石化、工业制造领域客户提供液化石油气、氨、乙烯等特种液化气体的海运服务。
HTO vs NVGS — 直观对比
营收规模更大
HTO
是对方的1.5倍
$129.6M
营收增速更快
HTO
高出13.1%
-11.6%
净利率更高
NVGS
高出8.4%
8.1%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $129.6M |
| 净利润 | $16.2M | $21.5M |
| 毛利率 | — | — |
| 营业利润率 | 16.6% | 15.8% |
| 净利率 | 8.1% | 16.5% |
| 营收同比 | 1.5% | -11.6% |
| 净利润同比 | -29.2% | -7.7% |
| 每股收益（稀释后） | $0.45 | $0.31 |
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HTONVGS
| Q4 25 | $199.4M | — | ||
| Q3 25 | $243.5M | — | ||
| Q2 25 | $197.8M | $129.6M | ||
| Q1 25 | $164.9M | — | ||
| Q4 24 | $196.5M | — | ||
| Q3 24 | $216.7M | — | ||
| Q2 24 | $173.1M | $146.7M | ||
| Q1 24 | $150.0M | — |
净利润HTONVGS
| Q4 25 | $16.2M | — | ||
| Q3 25 | $45.1M | — | ||
| Q2 25 | $24.7M | $21.5M | ||
| Q1 25 | $16.6M | — | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $38.7M | — | ||
| Q2 24 | $20.7M | $23.2M | ||
| Q1 24 | $11.7M | — |
营业利润率HTONVGS
| Q4 25 | 16.6% | — | ||
| Q3 25 | 26.5% | — | ||
| Q2 25 | 22.2% | 15.8% | ||
| Q1 25 | 21.8% | — | ||
| Q4 24 | 22.2% | — | ||
| Q3 24 | 26.9% | — | ||
| Q2 24 | 23.4% | 26.9% | ||
| Q1 24 | 18.6% | — |
净利率HTONVGS
| Q4 25 | 8.1% | — | ||
| Q3 25 | 18.5% | — | ||
| Q2 25 | 12.5% | 16.5% | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 17.8% | — | ||
| Q2 24 | 12.0% | 15.8% | ||
| Q1 24 | 7.8% | — |
每股收益（稀释后）HTONVGS
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | — | ||
| Q2 25 | $0.71 | $0.31 | ||
| Q1 25 | $0.49 | — | ||
| Q4 24 | $0.70 | — | ||
| Q3 24 | $1.17 | — | ||
| Q2 24 | $0.64 | $0.32 | ||
| Q1 24 | $0.36 | — |
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 | $238.1M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.5B | $1.2B |
| 总资产 | $5.1B | $2.4B |
| 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HTONVGS
| Q4 25 | $20.7M | — | ||
| Q3 25 | $11.3M | — | ||
| Q2 25 | $19.8M | $238.1M | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $11.1M | — | ||
| Q3 24 | $4.0M | — | ||
| Q2 24 | $22.8M | — | ||
| Q1 24 | $4.5M | — |
总债务HTONVGS
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HTONVGS
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.2B | — |
总资产HTONVGS
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.8B | $2.4B | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $4.4B | $2.1B | ||
| Q1 24 | $4.4B | — |
负债/权益比HTONVGS
| 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 | — |
| 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× | — |
| 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HTONVGS
| Q4 25 | $63.5M | — | ||
| Q3 25 | $77.3M | — | ||
| Q2 25 | $60.8M | — | ||
| Q1 25 | $43.2M | — | ||
| Q4 24 | $41.5M | — | ||
| Q3 24 | $53.5M | — | ||
| Q2 24 | $49.3M | — | ||
| Q1 24 | $51.2M | — |
现金转化率HTONVGS
| 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% |
NVGS
| Time Charters | $91.5M | 71% |
| Voyage Charters | $25.7M | 20% |
| Other | $12.4M | 10% |
