vs
H2O AMERICA（HTO）与STRATTEC SECURITY CORP（STRT）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STRATTEC SECURITY CORP的1.5倍（$199.4M vs $137.5M），H2O AMERICA净利率更高（8.1% vs 3.6%，领先4.5%），STRATTEC SECURITY CORP同比增速更快（5.9% vs 1.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs 7.7%）
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。
STRATTEC安全公司是专业的汽车安全访问解决方案供应商，主营汽车机械与电子锁具、钥匙、无钥匙进入系统等产品，主要服务全球汽车整车厂商、重型车辆制造商及汽车后市场客户，业务覆盖北美、欧洲、亚太等地区。
HTO vs STRT — 直观对比
营收规模更大
HTO
是对方的1.5倍
$137.5M
营收增速更快
STRT
高出4.4%
1.5%
净利率更高
HTO
高出4.5%
3.6%
两年增速更快
HTO
近两年复合增速
7.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $137.5M |
| 净利润 | $16.2M | $4.9M |
| 毛利率 | — | 16.5% |
| 营业利润率 | 16.6% | 3.5% |
| 净利率 | 8.1% | 3.6% |
| 营收同比 | 1.5% | 5.9% |
| 净利润同比 | -29.2% | 275.1% |
| 每股收益（稀释后） | $0.45 | $1.20 |
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HTOSTRT
| Q4 25 | $199.4M | $137.5M | ||
| Q3 25 | $243.5M | $152.4M | ||
| Q2 25 | $197.8M | $152.0M | ||
| Q1 25 | $164.9M | $144.1M | ||
| Q4 24 | $196.5M | $129.9M | ||
| Q3 24 | $216.7M | $139.1M | ||
| Q2 24 | $173.1M | — | ||
| Q1 24 | $150.0M | $140.8M |
净利润HTOSTRT
| Q4 25 | $16.2M | $4.9M | ||
| Q3 25 | $45.1M | $8.5M | ||
| Q2 25 | $24.7M | $8.3M | ||
| Q1 25 | $16.6M | $5.4M | ||
| Q4 24 | $22.9M | $1.3M | ||
| Q3 24 | $38.7M | $3.7M | ||
| Q2 24 | $20.7M | — | ||
| Q1 24 | $11.7M | $1.5M |
毛利率HTOSTRT
| Q4 25 | — | 16.5% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 16.7% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.4% |
营业利润率HTOSTRT
| Q4 25 | 16.6% | 3.5% | ||
| Q3 25 | 26.5% | 6.9% | ||
| Q2 25 | 22.2% | 5.6% | ||
| Q1 25 | 21.8% | 4.9% | ||
| Q4 24 | 22.2% | 1.6% | ||
| Q3 24 | 26.9% | 3.6% | ||
| Q2 24 | 23.4% | — | ||
| Q1 24 | 18.6% | 1.4% |
净利率HTOSTRT
| Q4 25 | 8.1% | 3.6% | ||
| Q3 25 | 18.5% | 5.6% | ||
| Q2 25 | 12.5% | 5.4% | ||
| Q1 25 | 10.0% | 3.7% | ||
| Q4 24 | 11.7% | 1.0% | ||
| Q3 24 | 17.8% | 2.7% | ||
| Q2 24 | 12.0% | — | ||
| Q1 24 | 7.8% | 1.1% |
每股收益（稀释后）HTOSTRT
| Q4 25 | $0.45 | $1.20 | ||
| Q3 25 | $1.27 | $2.07 | ||
| Q2 25 | $0.71 | $2.02 | ||
| Q1 25 | $0.49 | $1.32 | ||
| Q4 24 | $0.70 | $0.32 | ||
| Q3 24 | $1.17 | $0.92 | ||
| Q2 24 | $0.64 | — | ||
| Q1 24 | $0.36 | $0.37 |
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 | $99.0M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.5B | $236.8M |
| 总资产 | $5.1B | $392.2M |
| 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HTOSTRT
| Q4 25 | $20.7M | $99.0M | ||
| Q3 25 | $11.3M | $90.5M | ||
| Q2 25 | $19.8M | $84.6M | ||
| Q1 25 | $23.7M | $62.1M | ||
| Q4 24 | $11.1M | $42.6M | ||
| Q3 24 | $4.0M | $34.4M | ||
| Q2 24 | $22.8M | — | ||
| Q1 24 | $4.5M | $9.6M |
总债务HTOSTRT
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HTOSTRT
| Q4 25 | $1.5B | $236.8M | ||
| Q3 25 | $1.5B | $230.5M | ||
| Q2 25 | $1.5B | $221.6M | ||
| Q1 25 | $1.4B | $210.7M | ||
| Q4 24 | $1.4B | $204.5M | ||
| Q3 24 | $1.3B | $203.0M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.2B | $193.8M |
总资产HTOSTRT
| Q4 25 | $5.1B | $392.2M | ||
| Q3 25 | $5.0B | $390.1M | ||
| Q2 25 | $4.8B | $391.5M | ||
| Q1 25 | $4.7B | $387.4M | ||
| Q4 24 | $4.7B | $355.9M | ||
| Q3 24 | $4.6B | $366.9M | ||
| Q2 24 | $4.4B | — | ||
| Q1 24 | $4.4B | $348.5M |
负债/权益比HTOSTRT
| 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 | $13.9M |
| 自由现金流经营现金流 - 资本支出 | — | $11.3M |
| 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 | — | 1.9% |
| 现金转化率经营现金流/净利润 | 3.92× | 2.81× |
| 过去12个月自由现金流最近4个季度 | — | $67.8M |
8季度趋势，按日历期对齐
经营现金流HTOSTRT
| Q4 25 | $63.5M | $13.9M | ||
| Q3 25 | $77.3M | $11.3M | ||
| Q2 25 | $60.8M | $30.2M | ||
| Q1 25 | $43.2M | $20.7M | ||
| Q4 24 | $41.5M | $9.4M | ||
| Q3 24 | $53.5M | $11.3M | ||
| Q2 24 | $49.3M | — | ||
| Q1 24 | $51.2M | $-309.0K |
自由现金流HTOSTRT
| Q4 25 | — | $11.3M | ||
| Q3 25 | — | $9.8M | ||
| Q2 25 | — | $27.2M | ||
| Q1 25 | — | $19.6M | ||
| Q4 24 | — | $8.5M | ||
| Q3 24 | — | $9.3M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-2.0M |
自由现金流率HTOSTRT
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | 17.9% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -1.4% |
资本支出强度HTOSTRT
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.2% |
现金转化率HTOSTRT
| Q4 25 | 3.92× | 2.81× | ||
| Q3 25 | 1.71× | 1.33× | ||
| Q2 25 | 2.47× | 3.65× | ||
| Q1 25 | 2.61× | 3.84× | ||
| Q4 24 | 1.81× | 7.16× | ||
| Q3 24 | 1.39× | 3.06× | ||
| Q2 24 | 2.38× | — | ||
| Q1 24 | 4.38× | -0.21× |
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% |
STRT
| Door Handles And Exterior Trim | $35.0M | 25% |
| Power Access Solutions | $34.5M | 25% |
| Keys And Locksets | $26.8M | 19% |
| Latches | $16.3M | 12% |
| User Interface Controls | $12.5M | 9% |
| Aftermarket And Service | $9.4M | 7% |
| Other Product | $3.1M | 2% |
| Related Party | $1.3M | 1% |
