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H2O AMERICA（HTO）与Stitch Fix, Inc.（SFIX）财务数据对比。点击上方公司名可切换其他公司
Stitch Fix, Inc.的季度营收约是H2O AMERICA的1.7倍（$342.1M vs $199.4M），H2O AMERICA净利率更高（8.1% vs -1.9%，领先10.0%），Stitch Fix, Inc.同比增速更快（7.3% vs 1.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs 1.8%）
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。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
HTO vs SFIX — 直观对比
营收规模更大
SFIX
是对方的1.7倍
$199.4M
营收增速更快
SFIX
高出5.8%
1.5%
净利率更高
HTO
高出10.0%
-1.9%
两年增速更快
HTO
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $342.1M |
| 净利润 | $16.2M | $-6.4M |
| 毛利率 | — | 43.6% |
| 营业利润率 | 16.6% | -2.5% |
| 净利率 | 8.1% | -1.9% |
| 营收同比 | 1.5% | 7.3% |
| 净利润同比 | -29.2% | -1.7% |
| 每股收益（稀释后） | $0.45 | $-0.05 |
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HTOSFIX
| Q4 25 | $199.4M | $342.1M | ||
| Q3 25 | $243.5M | $311.2M | ||
| Q2 25 | $197.8M | $325.0M | ||
| Q1 25 | $164.9M | $312.1M | ||
| Q4 24 | $196.5M | $318.8M | ||
| Q3 24 | $216.7M | $319.6M | ||
| Q2 24 | $173.1M | $322.7M | ||
| Q1 24 | $150.0M | $330.4M |
净利润HTOSFIX
| Q4 25 | $16.2M | $-6.4M | ||
| Q3 25 | $45.1M | $-8.6M | ||
| Q2 25 | $24.7M | $-7.4M | ||
| Q1 25 | $16.6M | $-6.5M | ||
| Q4 24 | $22.9M | $-6.3M | ||
| Q3 24 | $38.7M | $-36.5M | ||
| Q2 24 | $20.7M | $-21.3M | ||
| Q1 24 | $11.7M | $-35.5M |
毛利率HTOSFIX
| Q4 25 | — | 43.6% | ||
| Q3 25 | — | 43.6% | ||
| Q2 25 | — | 44.2% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 44.6% | ||
| Q2 24 | — | 45.5% | ||
| Q1 24 | — | 43.4% |
营业利润率HTOSFIX
| Q4 25 | 16.6% | -2.5% | ||
| Q3 25 | 26.5% | -3.6% | ||
| Q2 25 | 22.2% | -3.0% | ||
| Q1 25 | 21.8% | -2.9% | ||
| Q4 24 | 22.2% | -2.8% | ||
| Q3 24 | 26.9% | -13.1% | ||
| Q2 24 | 23.4% | -7.7% | ||
| Q1 24 | 18.6% | -11.5% |
净利率HTOSFIX
| Q4 25 | 8.1% | -1.9% | ||
| Q3 25 | 18.5% | -2.8% | ||
| Q2 25 | 12.5% | -2.3% | ||
| Q1 25 | 10.0% | -2.1% | ||
| Q4 24 | 11.7% | -2.0% | ||
| Q3 24 | 17.8% | -11.4% | ||
| Q2 24 | 12.0% | -6.6% | ||
| Q1 24 | 7.8% | -10.8% |
每股收益（稀释后）HTOSFIX
| Q4 25 | $0.45 | $-0.05 | ||
| Q3 25 | $1.27 | $-0.06 | ||
| Q2 25 | $0.71 | $-0.06 | ||
| Q1 25 | $0.49 | $-0.05 | ||
| Q4 24 | $0.70 | $-0.05 | ||
| Q3 24 | $1.17 | $-0.29 | ||
| Q2 24 | $0.64 | $-0.18 | ||
| Q1 24 | $0.36 | $-0.30 |
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 | $244.2M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.5B | $204.1M |
| 总资产 | $5.1B | $530.7M |
| 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HTOSFIX
| Q4 25 | $20.7M | $244.2M | ||
| Q3 25 | $11.3M | $234.9M | ||
| Q2 25 | $19.8M | $234.2M | ||
| Q1 25 | $23.7M | $219.1M | ||
| Q4 24 | $11.1M | $253.3M | ||
| Q3 24 | $4.0M | $247.0M | ||
| Q2 24 | $22.8M | $244.5M | ||
| Q1 24 | $4.5M | $229.8M |
总债务HTOSFIX
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HTOSFIX
| Q4 25 | $1.5B | $204.1M | ||
| Q3 25 | $1.5B | $203.0M | ||
| Q2 25 | $1.5B | $200.4M | ||
| Q1 25 | $1.4B | $197.8M | ||
| Q4 24 | $1.4B | $190.5M | ||
| Q3 24 | $1.3B | $187.0M | ||
| Q2 24 | $1.3B | $208.9M | ||
| Q1 24 | $1.2B | $213.3M |
总资产HTOSFIX
| Q4 25 | $5.1B | $530.7M | ||
| Q3 25 | $5.0B | $480.6M | ||
| Q2 25 | $4.8B | $484.7M | ||
| Q1 25 | $4.7B | $472.6M | ||
| Q4 24 | $4.7B | $507.1M | ||
| Q3 24 | $4.6B | $486.9M | ||
| Q2 24 | $4.4B | $537.0M | ||
| Q1 24 | $4.4B | $538.3M |
负债/权益比HTOSFIX
| 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 | $10.9M |
| 自由现金流经营现金流 - 资本支出 | — | $5.6M |
| 自由现金流率自由现金流/营收 | — | 1.6% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 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 | — | $4.9M |
8季度趋势，按日历期对齐
经营现金流HTOSFIX
| Q4 25 | $63.5M | $10.9M | ||
| Q3 25 | $77.3M | $7.0M | ||
| Q2 25 | $60.8M | $20.5M | ||
| Q1 25 | $43.2M | $-16.2M | ||
| Q4 24 | $41.5M | $14.3M | ||
| Q3 24 | $53.5M | $8.2M | ||
| Q2 24 | $49.3M | $21.7M | ||
| Q1 24 | $51.2M | $-22.3M |
自由现金流HTOSFIX
| Q4 25 | — | $5.6M | ||
| Q3 25 | — | $2.8M | ||
| Q2 25 | — | $16.0M | ||
| Q1 25 | — | $-19.4M | ||
| Q4 24 | — | $9.9M | ||
| Q3 24 | — | $4.5M | ||
| Q2 24 | — | $18.9M | ||
| Q1 24 | — | $-26.1M |
自由现金流率HTOSFIX
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | -7.9% |
资本支出强度HTOSFIX
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.1% |
现金转化率HTOSFIX
| Q4 25 | 3.92× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 2.38× | — | ||
| 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% |
SFIX
暂无分部数据
