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H2O AMERICA（HTO）与Penguin Solutions, Inc.（PENG）财务数据对比。点击上方公司名可切换其他公司
Penguin Solutions, Inc.的季度营收约是H2O AMERICA的1.7倍（$343.1M vs $199.4M），H2O AMERICA净利率更高（8.1% vs 1.5%，领先6.6%），H2O AMERICA同比增速更快（1.5% vs 0.6%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs 11.8%）
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。
企鹅解决方案公司旗下的兰波集团以拉姆齐解决方案品牌开展业务，是一家美国企业，业务涵盖个人理财、领导力发展、人际关系管理与职业发展相关产品与服务。该公司由戴夫·拉姆齐与妻子莎伦于1991年创立，总部位于田纳西州富兰克林。
HTO vs PENG — 直观对比
营收规模更大
PENG
是对方的1.7倍
$199.4M
营收增速更快
HTO
高出0.9%
0.6%
净利率更高
HTO
高出6.6%
1.5%
两年增速更快
HTO
近两年复合增速
11.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $343.1M |
| 净利润 | $16.2M | $5.3M |
| 毛利率 | — | 28.0% |
| 营业利润率 | 16.6% | 5.7% |
| 净利率 | 8.1% | 1.5% |
| 营收同比 | 1.5% | 0.6% |
| 净利润同比 | -29.2% | 1.0% |
| 每股收益（稀释后） | $0.45 | $0.04 |
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HTOPENG
| Q4 25 | $199.4M | $343.1M | ||
| Q3 25 | $243.5M | $337.9M | ||
| Q2 25 | $197.8M | $324.3M | ||
| Q1 25 | $164.9M | $365.5M | ||
| Q4 24 | $196.5M | $341.1M | ||
| Q3 24 | $216.7M | $284.8M | ||
| Q2 24 | $173.1M | $300.6M | ||
| Q1 24 | $150.0M | — |
净利润HTOPENG
| Q4 25 | $16.2M | $5.3M | ||
| Q3 25 | $45.1M | $9.4M | ||
| Q2 25 | $24.7M | $2.7M | ||
| Q1 25 | $16.6M | $8.1M | ||
| Q4 24 | $22.9M | $5.2M | ||
| Q3 24 | $38.7M | — | ||
| Q2 24 | $20.7M | $5.6M | ||
| Q1 24 | $11.7M | — |
毛利率HTOPENG
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 28.6% | ||
| Q2 25 | — | 29.3% | ||
| Q1 25 | — | 28.6% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 28.8% | ||
| Q2 24 | — | 29.6% | ||
| Q1 24 | — | — |
营业利润率HTOPENG
| Q4 25 | 16.6% | 5.7% | ||
| Q3 25 | 26.5% | 3.7% | ||
| Q2 25 | 22.2% | 3.0% | ||
| Q1 25 | 21.8% | 5.1% | ||
| Q4 24 | 22.2% | 5.1% | ||
| Q3 24 | 26.9% | -1.2% | ||
| Q2 24 | 23.4% | 3.8% | ||
| Q1 24 | 18.6% | — |
净利率HTOPENG
| Q4 25 | 8.1% | 1.5% | ||
| Q3 25 | 18.5% | 2.8% | ||
| Q2 25 | 12.5% | 0.8% | ||
| Q1 25 | 10.0% | 2.2% | ||
| Q4 24 | 11.7% | 1.5% | ||
| Q3 24 | 17.8% | — | ||
| Q2 24 | 12.0% | 1.9% | ||
| Q1 24 | 7.8% | — |
每股收益（稀释后）HTOPENG
| Q4 25 | $0.45 | $0.04 | ||
| Q3 25 | $1.27 | $0.10 | ||
| Q2 25 | $0.71 | $-0.01 | ||
| Q1 25 | $0.49 | $0.09 | ||
| Q4 24 | $0.70 | $0.10 | ||
| Q3 24 | $1.17 | — | ||
| Q2 24 | $0.64 | $0.10 | ||
| 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 | $461.5M |
| 总债务越低越好 | $1.9B | $462.3M |
| 股东权益账面价值 | $1.5B | $389.7M |
| 总资产 | $5.1B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.23× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资HTOPENG
| Q4 25 | $20.7M | $461.5M | ||
| Q3 25 | $11.3M | $453.8M | ||
| Q2 25 | $19.8M | $735.5M | ||
| Q1 25 | $23.7M | $647.0M | ||
| Q4 24 | $11.1M | $393.7M | ||
| Q3 24 | $4.0M | $389.5M | ||
| Q2 24 | $22.8M | $467.5M | ||
| Q1 24 | $4.5M | — |
总债务HTOPENG
| Q4 25 | $1.9B | $462.3M | ||
| Q3 25 | — | $461.8M | ||
| Q2 25 | — | $659.5M | ||
| Q1 25 | — | $658.8M | ||
| Q4 24 | $1.7B | $658.1M | ||
| Q3 24 | — | $657.3M | ||
| Q2 24 | — | $667.0M | ||
| Q1 24 | — | — |
股东权益HTOPENG
| Q4 25 | $1.5B | $389.7M | ||
| Q3 25 | $1.5B | $394.2M | ||
| Q2 25 | $1.5B | $584.8M | ||
| Q1 25 | $1.4B | $602.5M | ||
| Q4 24 | $1.4B | $400.4M | ||
| Q3 24 | $1.3B | $391.4M | ||
| Q2 24 | $1.3B | $423.4M | ||
| Q1 24 | $1.2B | — |
总资产HTOPENG
| Q4 25 | $5.1B | $1.6B | ||
| Q3 25 | $5.0B | $1.6B | ||
| Q2 25 | $4.8B | $1.8B | ||
| Q1 25 | $4.7B | $1.8B | ||
| Q4 24 | $4.7B | $1.6B | ||
| Q3 24 | $4.6B | $1.5B | ||
| Q2 24 | $4.4B | $1.5B | ||
| Q1 24 | $4.4B | — |
负债/权益比HTOPENG
| Q4 25 | 1.23× | 1.19× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | 1.13× | ||
| Q1 25 | — | 1.09× | ||
| Q4 24 | 1.26× | 1.64× | ||
| Q3 24 | — | 1.68× | ||
| Q2 24 | — | 1.58× | ||
| 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 | $31.1M |
| 自由现金流经营现金流 - 资本支出 | — | $28.2M |
| 自由现金流率自由现金流/营收 | — | 8.2% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | 3.92× | 5.89× |
| 过去12个月自由现金流最近4个季度 | — | $116.3M |
8季度趋势，按日历期对齐
经营现金流HTOPENG
| Q4 25 | $63.5M | $31.1M | ||
| Q3 25 | $77.3M | $-70.4M | ||
| Q2 25 | $60.8M | $92.8M | ||
| Q1 25 | $43.2M | $72.9M | ||
| Q4 24 | $41.5M | $13.8M | ||
| Q3 24 | $53.5M | — | ||
| Q2 24 | $49.3M | $57.9M | ||
| Q1 24 | $51.2M | — |
自由现金流HTOPENG
| Q4 25 | — | $28.2M | ||
| Q3 25 | — | $-73.4M | ||
| Q2 25 | — | $90.9M | ||
| Q1 25 | — | $70.5M | ||
| Q4 24 | — | $12.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $48.9M | ||
| Q1 24 | — | — |
自由现金流率HTOPENG
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -21.7% | ||
| Q2 25 | — | 28.0% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 16.3% | ||
| Q1 24 | — | — |
资本支出强度HTOPENG
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | — |
现金转化率HTOPENG
| Q4 25 | 3.92× | 5.89× | ||
| Q3 25 | 1.71× | -7.47× | ||
| Q2 25 | 2.47× | 34.88× | ||
| Q1 25 | 2.61× | 9.02× | ||
| Q4 24 | 1.81× | 2.65× | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 2.38× | 10.30× | ||
| 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% |
PENG
| Integrated Memory Segment | $171.6M | 50% |
| Advanced Computing Segment | $115.7M | 34% |
| Optimized LED Segment | $55.7M | 16% |
