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H2O AMERICA（HTO）与FreightCar America, Inc.（RAIL）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FreightCar America, Inc.的1.6倍（$199.4M vs $125.5M），H2O AMERICA净利率更高（8.1% vs -13.2%，领先21.3%），H2O AMERICA同比增速更快（1.5% vs -8.8%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs -11.7%）
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。
货运车美国公司是铁路行业货运车厢制造商，全球约有2000名雇员，核心生产基地设在墨西哥卡斯塔诺斯，厂区面积达70万平方英尺。此外，公司总部设于芝加哥，在宾夕法尼亚州约翰斯顿设有工程与零部件厂区，主要为铁路领域提供专业货运车厢产品。
HTO vs RAIL — 直观对比
营收规模更大
HTO
是对方的1.6倍
$125.5M
营收增速更快
HTO
高出10.3%
-8.8%
净利率更高
HTO
高出21.3%
-13.2%
两年增速更快
HTO
近两年复合增速
-11.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $125.5M |
| 净利润 | $16.2M | $-16.6M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 16.6% | 6.2% |
| 净利率 | 8.1% | -13.2% |
| 营收同比 | 1.5% | -8.8% |
| 净利润同比 | -29.2% | -147.9% |
| 每股收益（稀释后） | $0.45 | $-0.54 |
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HTORAIL
| Q4 25 | $199.4M | $125.5M | ||
| Q3 25 | $243.5M | $160.4M | ||
| Q2 25 | $197.8M | $118.5M | ||
| Q1 25 | $164.9M | $96.2M | ||
| Q4 24 | $196.5M | $137.6M | ||
| Q3 24 | $216.7M | $113.2M | ||
| Q2 24 | $173.1M | $146.0M | ||
| Q1 24 | $150.0M | $160.9M |
净利润HTORAIL
| Q4 25 | $16.2M | $-16.6M | ||
| Q3 25 | $45.1M | $-7.4M | ||
| Q2 25 | $24.7M | $11.7M | ||
| Q1 25 | $16.6M | $50.4M | ||
| Q4 24 | $22.9M | $34.6M | ||
| Q3 24 | $38.7M | $-107.0M | ||
| Q2 24 | $20.7M | $8.2M | ||
| Q1 24 | $11.7M | $-11.6M |
毛利率HTORAIL
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | 12.6% | ||
| Q1 24 | — | 7.1% |
营业利润率HTORAIL
| Q4 25 | 16.6% | 6.2% | ||
| Q3 25 | 26.5% | 9.1% | ||
| Q2 25 | 22.2% | 6.5% | ||
| Q1 25 | 21.8% | 4.0% | ||
| Q4 24 | 22.2% | 8.5% | ||
| Q3 24 | 26.9% | 7.6% | ||
| Q2 24 | 23.4% | 9.0% | ||
| Q1 24 | 18.6% | 2.4% |
净利率HTORAIL
| Q4 25 | 8.1% | -13.2% | ||
| Q3 25 | 18.5% | -4.6% | ||
| Q2 25 | 12.5% | 9.9% | ||
| Q1 25 | 10.0% | 52.4% | ||
| Q4 24 | 11.7% | 25.2% | ||
| Q3 24 | 17.8% | -94.6% | ||
| Q2 24 | 12.0% | 5.6% | ||
| Q1 24 | 7.8% | -7.2% |
每股收益（稀释后）HTORAIL
| Q4 25 | $0.45 | $-0.54 | ||
| Q3 25 | $1.27 | $-0.23 | ||
| Q2 25 | $0.71 | $0.34 | ||
| Q1 25 | $0.49 | $1.52 | ||
| Q4 24 | $0.70 | $0.88 | ||
| Q3 24 | $1.17 | $-3.57 | ||
| Q2 24 | $0.64 | $0.11 | ||
| Q1 24 | $0.36 | $-0.54 |
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 | — |
| 总债务越低越好 | $1.9B | $107.2M |
| 股东权益账面价值 | $1.5B | $-107.4M |
| 总资产 | $5.1B | $290.0M |
| 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HTORAIL
| Q4 25 | $20.7M | — | ||
| Q3 25 | $11.3M | — | ||
| Q2 25 | $19.8M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $11.1M | — | ||
| Q3 24 | $4.0M | — | ||
| Q2 24 | $22.8M | — | ||
| Q1 24 | $4.5M | — |
总债务HTORAIL
| Q4 25 | $1.9B | $107.2M | ||
| Q3 25 | — | $107.6M | ||
| Q2 25 | — | $107.9M | ||
| Q1 25 | — | $108.2M | ||
| Q4 24 | $1.7B | $108.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HTORAIL
| Q4 25 | $1.5B | $-107.4M | ||
| Q3 25 | $1.5B | $-90.9M | ||
| Q2 25 | $1.5B | $-83.5M | ||
| Q1 25 | $1.4B | $-97.4M | ||
| Q4 24 | $1.4B | $-150.3M | ||
| Q3 24 | $1.3B | $-156.3M | ||
| Q2 24 | $1.3B | $-48.8M | ||
| Q1 24 | $1.2B | $-57.0M |
总资产HTORAIL
| Q4 25 | $5.1B | $290.0M | ||
| Q3 25 | $5.0B | $340.8M | ||
| Q2 25 | $4.8B | $328.1M | ||
| Q1 25 | $4.7B | $250.5M | ||
| Q4 24 | $4.7B | $224.2M | ||
| Q3 24 | $4.6B | $245.9M | ||
| Q2 24 | $4.4B | $207.2M | ||
| Q1 24 | $4.4B | $248.7M |
负债/权益比HTORAIL
| 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 | $10.0M |
| 自由现金流经营现金流 - 资本支出 | — | $8.8M |
| 自由现金流率自由现金流/营收 | — | 7.0% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 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 | — | $31.4M |
8季度趋势，按日历期对齐
经营现金流HTORAIL
| Q4 25 | $63.5M | $10.0M | ||
| Q3 25 | $77.3M | $3.4M | ||
| Q2 25 | $60.8M | $8.5M | ||
| Q1 25 | $43.2M | $12.8M | ||
| Q4 24 | $41.5M | $5.9M | ||
| Q3 24 | $53.5M | $7.2M | ||
| Q2 24 | $49.3M | $57.2M | ||
| Q1 24 | $51.2M | $-25.3M |
自由现金流HTORAIL
| Q4 25 | — | $8.8M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $7.9M | ||
| Q1 25 | — | $12.5M | ||
| Q4 24 | — | $4.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | $55.9M | ||
| Q1 24 | — | $-26.3M |
自由现金流率HTORAIL
| Q4 25 | — | 7.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | 38.3% | ||
| Q1 24 | — | -16.3% |
资本支出强度HTORAIL
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.6% |
现金转化率HTORAIL
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | 0.73× | ||
| Q1 25 | 2.61× | 0.25× | ||
| Q4 24 | 1.81× | 0.17× | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 2.38× | 6.99× | ||
| 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% |
RAIL
| Railcar Sales | $118.9M | 95% |
| Aftermarket Sales | $6.6M | 5% |
