vs
H2O AMERICA（HTO）与ONTO INNOVATION INC.（ONTO）财务数据对比。点击上方公司名可切换其他公司
ONTO INNOVATION INC.的季度营收约是H2O AMERICA的1.1倍（$218.2M vs $199.4M），ONTO INNOVATION INC.净利率更高（12.9% vs 8.1%，领先4.8%），H2O AMERICA同比增速更快（1.5% vs -13.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs 2.6%）
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。
Onto Innovation是一家美国半导体企业，2019年由Rudolph Technologies与Nanometrics合并组建，为微电子制造行业提供生产工艺、工艺控制相关设备及配套软件解决方案，是全球半导体制造支撑领域的重要供应商。
HTO vs ONTO — 直观对比
营收规模更大
ONTO
是对方的1.1倍
$199.4M
营收增速更快
HTO
高出15.0%
-13.5%
净利率更高
ONTO
高出4.8%
8.1%
两年增速更快
HTO
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $218.2M |
| 净利润 | $16.2M | $28.2M |
| 毛利率 | — | 50.7% |
| 营业利润率 | 16.6% | 10.9% |
| 净利率 | 8.1% | 12.9% |
| 营收同比 | 1.5% | -13.5% |
| 净利润同比 | -29.2% | -46.8% |
| 每股收益（稀释后） | $0.45 | $0.57 |
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HTOONTO
| Q4 25 | $199.4M | — | ||
| Q3 25 | $243.5M | $218.2M | ||
| Q2 25 | $197.8M | $253.6M | ||
| Q1 25 | $164.9M | $266.6M | ||
| Q4 24 | $196.5M | $263.9M | ||
| Q3 24 | $216.7M | $252.2M | ||
| Q2 24 | $173.1M | $242.3M | ||
| Q1 24 | $150.0M | $228.8M |
净利润HTOONTO
| Q4 25 | $16.2M | — | ||
| Q3 25 | $45.1M | $28.2M | ||
| Q2 25 | $24.7M | $33.9M | ||
| Q1 25 | $16.6M | $64.1M | ||
| Q4 24 | $22.9M | $48.8M | ||
| Q3 24 | $38.7M | $53.1M | ||
| Q2 24 | $20.7M | $52.9M | ||
| Q1 24 | $11.7M | $46.9M |
毛利率HTOONTO
| Q4 25 | — | — | ||
| Q3 25 | — | 50.7% | ||
| Q2 25 | — | 48.2% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 50.2% | ||
| Q3 24 | — | 54.1% | ||
| Q2 24 | — | 52.9% | ||
| Q1 24 | — | 51.7% |
营业利润率HTOONTO
| Q4 25 | 16.6% | — | ||
| Q3 25 | 26.5% | 10.9% | ||
| Q2 25 | 22.2% | 12.7% | ||
| Q1 25 | 21.8% | 23.7% | ||
| Q4 24 | 22.2% | 16.1% | ||
| Q3 24 | 26.9% | 21.0% | ||
| Q2 24 | 23.4% | 20.2% | ||
| Q1 24 | 18.6% | 18.7% |
净利率HTOONTO
| Q4 25 | 8.1% | — | ||
| Q3 25 | 18.5% | 12.9% | ||
| Q2 25 | 12.5% | 13.4% | ||
| Q1 25 | 10.0% | 24.0% | ||
| Q4 24 | 11.7% | 18.5% | ||
| Q3 24 | 17.8% | 21.0% | ||
| Q2 24 | 12.0% | 21.9% | ||
| Q1 24 | 7.8% | 20.5% |
每股收益（稀释后）HTOONTO
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | $0.57 | ||
| Q2 25 | $0.71 | $0.69 | ||
| Q1 25 | $0.49 | $1.30 | ||
| Q4 24 | $0.70 | $0.98 | ||
| Q3 24 | $1.17 | $1.07 | ||
| Q2 24 | $0.64 | $1.07 | ||
| Q1 24 | $0.36 | $0.94 |
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 | $603.1M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.5B | $2.0B |
| 总资产 | $5.1B | $2.2B |
| 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HTOONTO
| Q4 25 | $20.7M | — | ||
| Q3 25 | $11.3M | $603.1M | ||
| Q2 25 | $19.8M | $217.5M | ||
| Q1 25 | $23.7M | $203.7M | ||
| Q4 24 | $11.1M | $212.9M | ||
| Q3 24 | $4.0M | $188.7M | ||
| Q2 24 | $22.8M | $172.6M | ||
| Q1 24 | $4.5M | $190.9M |
总债务HTOONTO
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HTOONTO
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.5B | $2.0B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.4B | $1.9B | ||
| Q3 24 | $1.3B | $1.9B | ||
| Q2 24 | $1.3B | $1.8B | ||
| Q1 24 | $1.2B | $1.8B |
总资产HTOONTO
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $2.2B | ||
| Q2 25 | $4.8B | $2.1B | ||
| Q1 25 | $4.7B | $2.1B | ||
| Q4 24 | $4.7B | $2.1B | ||
| Q3 24 | $4.6B | $2.1B | ||
| Q2 24 | $4.4B | $2.0B | ||
| Q1 24 | $4.4B | $2.0B |
负债/权益比HTOONTO
| 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 | $83.4M |
| 自由现金流经营现金流 - 资本支出 | — | $82.0M |
| 自由现金流率自由现金流/营收 | — | 37.6% |
| 资本支出强度资本支出/营收 | — | 0.6% |
| 现金转化率经营现金流/净利润 | 3.92× | 2.95× |
| 过去12个月自由现金流最近4个季度 | — | $261.3M |
8季度趋势，按日历期对齐
经营现金流HTOONTO
| Q4 25 | $63.5M | — | ||
| Q3 25 | $77.3M | $83.4M | ||
| Q2 25 | $60.8M | $57.9M | ||
| Q1 25 | $43.2M | $92.0M | ||
| Q4 24 | $41.5M | $56.0M | ||
| Q3 24 | $53.5M | $67.2M | ||
| Q2 24 | $49.3M | $65.3M | ||
| Q1 24 | $51.2M | $57.1M |
自由现金流HTOONTO
| Q4 25 | — | — | ||
| Q3 25 | — | $82.0M | ||
| Q2 25 | — | $44.2M | ||
| Q1 25 | — | $83.7M | ||
| Q4 24 | — | $51.4M | ||
| Q3 24 | — | $59.2M | ||
| Q2 24 | — | $53.0M | ||
| Q1 24 | — | $50.2M |
自由现金流率HTOONTO
| Q4 25 | — | — | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 31.4% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 21.9% |
资本支出强度HTOONTO
| Q4 25 | — | — | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | 3.0% |
现金转化率HTOONTO
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | 2.95× | ||
| Q2 25 | 2.47× | 1.71× | ||
| Q1 25 | 2.61× | 1.44× | ||
| Q4 24 | 1.81× | 1.15× | ||
| Q3 24 | 1.39× | 1.27× | ||
| Q2 24 | 2.38× | 1.23× | ||
| Q1 24 | 4.38× | 1.22× |
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% |
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
