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H2O AMERICA（HTO）与Porch Group, Inc.（PRCH）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Porch Group, Inc.的1.6倍（$199.4M vs $121.1M），H2O AMERICA净利率更高（8.1% vs -3.9%，领先12.0%），Porch Group, Inc.同比增速更快（100.0% vs 1.5%），过去两年Porch Group, Inc.的营收复合增速更高（26.4% 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。
Porch Group是一家面向屋主的家居改造服务平台，致力于连接屋主与当地的家居装修承包商。平台不仅提供超过160种家居装修项目的在线预约服务，还涵盖专业建议文章与装修成本指南，帮助屋主便捷规划各类家装工程。
HTO vs PRCH — 直观对比
营收规模更大
HTO
是对方的1.6倍
$121.1M
营收增速更快
PRCH
高出98.5%
1.5%
净利率更高
HTO
高出12.0%
-3.9%
两年增速更快
PRCH
近两年复合增速
15.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $121.1M |
| 净利润 | $16.2M | $-4.7M |
| 毛利率 | — | 52.7% |
| 营业利润率 | 16.6% | 34.7% |
| 净利率 | 8.1% | -3.9% |
| 营收同比 | 1.5% | 100.0% |
| 净利润同比 | -29.2% | 2.0% |
| 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HTOPRCH
| Q1 26 | — | $121.1M | ||
| Q4 25 | $199.4M | $112.3M | ||
| Q3 25 | $243.5M | $115.1M | ||
| Q2 25 | $197.8M | $107.0M | ||
| Q1 25 | $164.9M | $84.5M | ||
| Q4 24 | $196.5M | $75.3M | ||
| Q3 24 | $216.7M | $77.7M | ||
| Q2 24 | $173.1M | $75.9M |
净利润HTOPRCH
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $16.2M | $-3.5M | ||
| Q3 25 | $45.1M | $-10.9M | ||
| Q2 25 | $24.7M | $2.6M | ||
| Q1 25 | $16.6M | $8.4M | ||
| Q4 24 | $22.9M | $30.5M | ||
| Q3 24 | $38.7M | $14.4M | ||
| Q2 24 | $20.7M | $-64.3M |
毛利率HTOPRCH
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 99.5% | ||
| Q3 25 | — | 75.6% | ||
| Q2 25 | — | 70.9% | ||
| Q1 25 | — | 77.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 79.4% | ||
| Q2 24 | — | 22.1% |
营业利润率HTOPRCH
| Q1 26 | — | 34.7% | ||
| Q4 25 | 16.6% | 14.7% | ||
| Q3 25 | 26.5% | 14.2% | ||
| Q2 25 | 22.2% | 4.7% | ||
| Q1 25 | 21.8% | -1.5% | ||
| Q4 24 | 22.2% | 33.3% | ||
| Q3 24 | 26.9% | -3.2% | ||
| Q2 24 | 23.4% | -69.2% |
净利率HTOPRCH
| Q1 26 | — | -3.9% | ||
| Q4 25 | 8.1% | -3.1% | ||
| Q3 25 | 18.5% | -9.4% | ||
| Q2 25 | 12.5% | 2.4% | ||
| Q1 25 | 10.0% | 9.9% | ||
| Q4 24 | 11.7% | 40.5% | ||
| Q3 24 | 17.8% | 18.5% | ||
| Q2 24 | 12.0% | -84.8% |
每股收益（稀释后）HTOPRCH
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $0.45 | $0.00 | ||
| Q3 25 | $1.27 | $-0.10 | ||
| Q2 25 | $0.71 | $0.00 | ||
| Q1 25 | $0.49 | $0.07 | ||
| Q4 24 | $0.70 | $0.34 | ||
| Q3 24 | $1.17 | $0.12 | ||
| Q2 24 | $0.64 | $-0.65 |
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 | $68.4M |
| 总债务越低越好 | $1.9B | $391.3M |
| 股东权益账面价值 | $1.5B | $26.3M |
| 总资产 | $5.1B | $806.6M |
| 负债/权益比越低杠杆越低 | 1.23× | 14.87× |
8季度趋势，按日历期对齐
现金及短期投资HTOPRCH
| Q1 26 | — | $68.4M | ||
| Q4 25 | $20.7M | $57.3M | ||
| Q3 25 | $11.3M | $85.0M | ||
| Q2 25 | $19.8M | $79.8M | ||
| Q1 25 | $23.7M | $70.4M | ||
| Q4 24 | $11.1M | $191.7M | ||
| Q3 24 | $4.0M | $238.6M | ||
| Q2 24 | $22.8M | $308.4M |
总债务HTOPRCH
| Q1 26 | — | $391.3M | ||
| Q4 25 | $1.9B | $392.8M | ||
| Q3 25 | — | $387.1M | ||
| Q2 25 | — | $394.1M | ||
| Q1 25 | — | $409.2M | ||
| Q4 24 | $1.7B | $403.9M | ||
| Q3 24 | — | $399.0M | ||
| Q2 24 | — | $436.8M |
股东权益HTOPRCH
| Q1 26 | — | $26.3M | ||
| Q4 25 | $1.5B | $-24.6M | ||
| Q3 25 | $1.5B | $-27.9M | ||
| Q2 25 | $1.5B | $-29.3M | ||
| Q1 25 | $1.4B | $-52.4M | ||
| Q4 24 | $1.4B | $-43.2M | ||
| Q3 24 | $1.3B | $-77.0M | ||
| Q2 24 | $1.3B | $-101.9M |
总资产HTOPRCH
| Q1 26 | — | $806.6M | ||
| Q4 25 | $5.1B | $797.4M | ||
| Q3 25 | $5.0B | $787.7M | ||
| Q2 25 | $4.8B | $770.7M | ||
| Q1 25 | $4.7B | $802.3M | ||
| Q4 24 | $4.7B | $814.0M | ||
| Q3 24 | $4.6B | $867.3M | ||
| Q2 24 | $4.4B | $876.1M |
负债/权益比HTOPRCH
| Q1 26 | — | 14.87× | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | — | ||
| Q2 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HTOPRCH
| Q1 26 | — | — | ||
| Q4 25 | $63.5M | $1.2M | ||
| Q3 25 | $77.3M | $40.8M | ||
| Q2 25 | $60.8M | $35.6M | ||
| Q1 25 | $43.2M | $-11.2M | ||
| Q4 24 | $41.5M | $-26.6M | ||
| Q3 24 | $53.5M | $12.4M | ||
| Q2 24 | $49.3M | $-26.0M |
自由现金流HTOPRCH
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1M | ||
| Q3 25 | — | $40.7M | ||
| Q2 25 | — | $35.4M | ||
| Q1 25 | — | $-11.2M | ||
| Q4 24 | — | $-26.8M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $-26.0M |
自由现金流率HTOPRCH
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 33.0% | ||
| Q1 25 | — | -13.3% | ||
| Q4 24 | — | -35.6% | ||
| Q3 24 | — | 15.7% | ||
| Q2 24 | — | -34.3% |
资本支出强度HTOPRCH
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.1% |
现金转化率HTOPRCH
| Q1 26 | — | — | ||
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | 13.79× | ||
| Q1 25 | 2.61× | -1.33× | ||
| Q4 24 | 1.81× | -0.87× | ||
| Q3 24 | 1.39× | 0.86× | ||
| Q2 24 | 2.38× | — |
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% |
PRCH
暂无分部数据
