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H2O AMERICA（HTO）与Ranger Energy Services, Inc.（RNGR）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Ranger Energy Services, Inc.的1.4倍（$199.4M vs $142.2M），H2O AMERICA净利率更高（8.1% vs 2.3%，领先5.9%），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 1.9%）
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。
Ranger Energy Services是北美领先的陆上油田服务提供商，为上游油气运营商提供完井、修井、钻机作业及产能优化等全套解决方案，业务主要覆盖美国本土的页岩和致密资源开采作业区。
HTO vs RNGR — 直观对比
营收规模更大
HTO
是对方的1.4倍
$142.2M
营收增速更快
HTO
高出2.1%
-0.6%
净利率更高
HTO
高出5.9%
2.3%
两年增速更快
HTO
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $142.2M |
| 净利润 | $16.2M | $3.2M |
| 毛利率 | — | — |
| 营业利润率 | 16.6% | 2.3% |
| 净利率 | 8.1% | 2.3% |
| 营收同比 | 1.5% | -0.6% |
| 净利润同比 | -29.2% | -44.8% |
| 每股收益（稀释后） | $0.45 | $0.14 |
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HTORNGR
| Q4 25 | $199.4M | $142.2M | ||
| Q3 25 | $243.5M | $128.9M | ||
| Q2 25 | $197.8M | $140.6M | ||
| Q1 25 | $164.9M | $135.2M | ||
| Q4 24 | $196.5M | $143.1M | ||
| Q3 24 | $216.7M | $153.0M | ||
| Q2 24 | $173.1M | $138.1M | ||
| Q1 24 | $150.0M | $136.9M |
净利润HTORNGR
| Q4 25 | $16.2M | $3.2M | ||
| Q3 25 | $45.1M | $1.2M | ||
| Q2 25 | $24.7M | $7.3M | ||
| Q1 25 | $16.6M | $600.0K | ||
| Q4 24 | $22.9M | $5.8M | ||
| Q3 24 | $38.7M | $8.7M | ||
| Q2 24 | $20.7M | $4.7M | ||
| Q1 24 | $11.7M | $-800.0K |
营业利润率HTORNGR
| Q4 25 | 16.6% | 2.3% | ||
| Q3 25 | 26.5% | 2.0% | ||
| Q2 25 | 22.2% | 6.1% | ||
| Q1 25 | 21.8% | 0.7% | ||
| Q4 24 | 22.2% | 6.2% | ||
| Q3 24 | 26.9% | 8.4% | ||
| Q2 24 | 23.4% | 5.3% | ||
| Q1 24 | 18.6% | -0.4% |
净利率HTORNGR
| Q4 25 | 8.1% | 2.3% | ||
| Q3 25 | 18.5% | 0.9% | ||
| Q2 25 | 12.5% | 5.2% | ||
| Q1 25 | 10.0% | 0.4% | ||
| Q4 24 | 11.7% | 4.1% | ||
| Q3 24 | 17.8% | 5.7% | ||
| Q2 24 | 12.0% | 3.4% | ||
| Q1 24 | 7.8% | -0.6% |
每股收益（稀释后）HTORNGR
| Q4 25 | $0.45 | $0.14 | ||
| Q3 25 | $1.27 | $0.05 | ||
| Q2 25 | $0.71 | $0.32 | ||
| Q1 25 | $0.49 | $0.03 | ||
| Q4 24 | $0.70 | $0.24 | ||
| Q3 24 | $1.17 | $0.39 | ||
| Q2 24 | $0.64 | $0.21 | ||
| Q1 24 | $0.36 | $-0.03 |
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 | $10.3M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.5B | $300.1M |
| 总资产 | $5.1B | $419.3M |
| 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HTORNGR
| Q4 25 | $20.7M | $10.3M | ||
| Q3 25 | $11.3M | $45.2M | ||
| Q2 25 | $19.8M | $48.9M | ||
| Q1 25 | $23.7M | $40.3M | ||
| Q4 24 | $11.1M | $40.9M | ||
| Q3 24 | $4.0M | $14.8M | ||
| Q2 24 | $22.8M | $8.7M | ||
| Q1 24 | $4.5M | $11.1M |
总债务HTORNGR
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益HTORNGR
| Q4 25 | $1.5B | $300.1M | ||
| Q3 25 | $1.5B | $270.0M | ||
| Q2 25 | $1.5B | $276.9M | ||
| Q1 25 | $1.4B | $272.6M | ||
| Q4 24 | $1.4B | $273.8M | ||
| Q3 24 | $1.3B | $267.6M | ||
| Q2 24 | $1.3B | $260.5M | ||
| Q1 24 | $1.2B | $261.7M |
总资产HTORNGR
| Q4 25 | $5.1B | $419.3M | ||
| Q3 25 | $5.0B | $372.8M | ||
| Q2 25 | $4.8B | $381.7M | ||
| Q1 25 | $4.7B | $376.5M | ||
| Q4 24 | $4.7B | $381.6M | ||
| Q3 24 | $4.6B | $373.9M | ||
| Q2 24 | $4.4B | $359.6M | ||
| Q1 24 | $4.4B | $355.5M |
负债/权益比HTORNGR
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $24.1M |
| 自由现金流经营现金流 - 资本支出 | — | $17.1M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 4.9% |
| 现金转化率经营现金流/净利润 | 3.92× | 7.53× |
| 过去12个月自由现金流最近4个季度 | — | $42.9M |
8季度趋势，按日历期对齐
经营现金流HTORNGR
| Q4 25 | $63.5M | $24.1M | ||
| Q3 25 | $77.3M | $13.6M | ||
| Q2 25 | $60.8M | $20.7M | ||
| Q1 25 | $43.2M | $10.6M | ||
| Q4 24 | $41.5M | $32.7M | ||
| Q3 24 | $53.5M | $17.7M | ||
| Q2 24 | $49.3M | $22.1M | ||
| Q1 24 | $51.2M | $12.0M |
自由现金流HTORNGR
| Q4 25 | — | $17.1M | ||
| Q3 25 | — | $8.0M | ||
| Q2 25 | — | $14.4M | ||
| Q1 25 | — | $3.4M | ||
| Q4 24 | — | $27.3M | ||
| Q3 24 | — | $10.8M | ||
| Q2 24 | — | $6.8M | ||
| Q1 24 | — | $5.5M |
自由现金流率HTORNGR
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 7.1% | ||
| Q2 24 | — | 4.9% | ||
| Q1 24 | — | 4.0% |
资本支出强度HTORNGR
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 11.1% | ||
| Q1 24 | — | 4.7% |
现金转化率HTORNGR
| Q4 25 | 3.92× | 7.53× | ||
| Q3 25 | 1.71× | 11.33× | ||
| Q2 25 | 2.47× | 2.84× | ||
| Q1 25 | 2.61× | 17.67× | ||
| Q4 24 | 1.81× | 5.64× | ||
| Q3 24 | 1.39× | 2.03× | ||
| Q2 24 | 2.38× | 4.70× | ||
| 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% |
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
