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H2O AMERICA（HTO）与PURE CYCLE CORP（PCYO）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PURE CYCLE CORP的21.8倍（$199.4M vs $9.1M）。PURE CYCLE CORP净利率更高（50.0% vs 8.1%，领先41.8%）。PURE CYCLE CORP同比增速更快（58.8% vs 1.5%）。过去两年PURE CYCLE CORP的营收复合增速更高（69.0% vs 15.3%）
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。
Pure Cycle Corp是一家自行车企业，2010年由迈克尔·费希曼、乔丹·肖、扎卡里·肖与奥斯汀·斯托弗斯创立，原名Pure Fix Cycles，总部位于美国加利福尼亚州洛杉矶，主营自行车相关业务。
HTO vs PCYO — 直观对比
营收规模更大
HTO
是对方的21.8倍
$9.1M
营收增速更快
PCYO
高出57.3%
1.5%
净利率更高
PCYO
高出41.8%
8.1%
两年增速更快
PCYO
近两年复合增速
15.3%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $9.1M |
| 净利润 | $16.2M | $4.6M |
| 毛利率 | — | 68.4% |
| 营业利润率 | 16.6% | 48.0% |
| 净利率 | 8.1% | 50.0% |
| 营收同比 | 1.5% | 58.8% |
| 净利润同比 | -29.2% | 16.0% |
| 每股收益（稀释后） | $0.45 | $0.19 |
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HTOPCYO
| Q4 25 | $199.4M | $9.1M | ||
| Q3 25 | $243.5M | $11.2M | ||
| Q2 25 | $197.8M | $5.1M | ||
| Q1 25 | $164.9M | $4.0M | ||
| Q4 24 | $196.5M | $5.8M | ||
| Q3 24 | $216.7M | $12.6M | ||
| Q2 24 | $173.1M | $7.6M | ||
| Q1 24 | $150.0M | $3.2M |
净利润HTOPCYO
| Q4 25 | $16.2M | $4.6M | ||
| Q3 25 | $45.1M | $6.1M | ||
| Q2 25 | $24.7M | $2.3M | ||
| Q1 25 | $16.6M | $809.0K | ||
| Q4 24 | $22.9M | $3.9M | ||
| Q3 24 | $38.7M | $6.6M | ||
| Q2 24 | $20.7M | $2.8M | ||
| Q1 24 | $11.7M | $118.0K |
毛利率HTOPCYO
| Q4 25 | — | 68.4% | ||
| Q3 25 | — | 67.7% | ||
| Q2 25 | — | 63.4% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 63.8% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 64.0% | ||
| Q1 24 | — | 55.6% |
营业利润率HTOPCYO
| Q4 25 | 16.6% | 48.0% | ||
| Q3 25 | 26.5% | 53.1% | ||
| Q2 25 | 22.2% | 26.0% | ||
| Q1 25 | 21.8% | -33.2% | ||
| Q4 24 | 22.2% | 29.9% | ||
| Q3 24 | 26.9% | 62.0% | ||
| Q2 24 | 23.4% | 40.3% | ||
| Q1 24 | 18.6% | -11.5% |
净利率HTOPCYO
| Q4 25 | 8.1% | 50.0% | ||
| Q3 25 | 18.5% | 54.5% | ||
| Q2 25 | 12.5% | 43.9% | ||
| Q1 25 | 10.0% | 20.3% | ||
| Q4 24 | 11.7% | 68.4% | ||
| Q3 24 | 17.8% | 52.6% | ||
| Q2 24 | 12.0% | 37.2% | ||
| Q1 24 | 7.8% | 3.7% |
每股收益（稀释后）HTOPCYO
| Q4 25 | $0.45 | $0.19 | ||
| Q3 25 | $1.27 | $0.26 | ||
| Q2 25 | $0.71 | $0.09 | ||
| Q1 25 | $0.49 | $0.03 | ||
| Q4 24 | $0.70 | $0.16 | ||
| Q3 24 | $1.17 | $0.27 | ||
| Q2 24 | $0.64 | $0.12 | ||
| Q1 24 | $0.36 | $0.00 |
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 | $17.1M |
| 总债务越低越好 | $1.9B | $8.0M |
| 股东权益账面价值 | $1.5B | $147.5M |
| 总资产 | $5.1B | $168.1M |
| 负债/权益比越低杠杆越低 | 1.23× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资HTOPCYO
| Q4 25 | $20.7M | $17.1M | ||
| Q3 25 | $11.3M | $21.9M | ||
| Q2 25 | $19.8M | $14.4M | ||
| Q1 25 | $23.7M | $16.5M | ||
| Q4 24 | $11.1M | $19.0M | ||
| Q3 24 | $4.0M | $22.1M | ||
| Q2 24 | $22.8M | $20.5M | ||
| Q1 24 | $4.5M | $20.6M |
总债务HTOPCYO
| Q4 25 | $1.9B | $8.0M | ||
| Q3 25 | — | $6.8M | ||
| Q2 25 | — | $6.9M | ||
| Q1 25 | — | $6.9M | ||
| Q4 24 | $1.7B | $6.9M | ||
| Q3 24 | — | $6.9M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HTOPCYO
| Q4 25 | $1.5B | $147.5M | ||
| Q3 25 | $1.5B | $142.7M | ||
| Q2 25 | $1.5B | $136.7M | ||
| Q1 25 | $1.4B | $134.4M | ||
| Q4 24 | $1.4B | $133.6M | ||
| Q3 24 | $1.3B | $129.7M | ||
| Q2 24 | $1.3B | $123.2M | ||
| Q1 24 | $1.2B | $120.4M |
总资产HTOPCYO
| Q4 25 | $5.1B | $168.1M | ||
| Q3 25 | $5.0B | $162.3M | ||
| Q2 25 | $4.8B | $151.7M | ||
| Q1 25 | $4.7B | $149.7M | ||
| Q4 24 | $4.7B | $149.7M | ||
| Q3 24 | $4.6B | $147.4M | ||
| Q2 24 | $4.4B | $140.4M | ||
| Q1 24 | $4.4B | $135.2M |
负债/权益比HTOPCYO
| Q4 25 | 1.23× | 0.05× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | 1.26× | 0.05× | ||
| Q3 24 | — | 0.05× | ||
| 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 | $-979.0K |
| 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× | -0.21× |
| 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HTOPCYO
| Q4 25 | $63.5M | $-979.0K | ||
| Q3 25 | $77.3M | $9.4M | ||
| Q2 25 | $60.8M | $-503.0K | ||
| Q1 25 | $43.2M | $-1.4M | ||
| Q4 24 | $41.5M | $5.7M | ||
| Q3 24 | $53.5M | $3.1M | ||
| Q2 24 | $49.3M | $892.0K | ||
| Q1 24 | $51.2M | $-457.0K |
现金转化率HTOPCYO
| Q4 25 | 3.92× | -0.21× | ||
| Q3 25 | 1.71× | 1.53× | ||
| Q2 25 | 2.47× | -0.22× | ||
| Q1 25 | 2.61× | -1.70× | ||
| Q4 24 | 1.81× | 1.44× | ||
| Q3 24 | 1.39× | 0.47× | ||
| Q2 24 | 2.38× | 0.32× | ||
| Q1 24 | 4.38× | -3.87× |
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
暂无分部数据
PCYO
| Construction | $6.5M | 71% |
| Water And Wastewater Resource Development Segment | $2.5M | 27% |
