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H2O AMERICA（HTO）与Tarsus Pharmaceuticals, Inc.（TARS）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Tarsus Pharmaceuticals, Inc.的1.3倍（$199.4M vs $151.7M），H2O AMERICA净利率更高（8.1% vs -5.5%，领先13.7%），Tarsus Pharmaceuticals, Inc.同比增速更快（128.4% vs 1.5%），过去两年Tarsus Pharmaceuticals, Inc.的营收复合增速更高（134.4% 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。
Tarsus Pharmaceuticals是一家处于后期临床阶段的生物制药公司，专注于眼科、皮肤科等专科领域创新疗法的研发和商业化，主打产品针对蠕形螨睑缘炎、玫瑰痤疮等未被充分诊断的常见病症，核心市场为美国。
HTO vs TARS — 直观对比
营收规模更大
HTO
是对方的1.3倍
$151.7M
营收增速更快
TARS
高出126.9%
1.5%
净利率更高
HTO
高出13.7%
-5.5%
两年增速更快
TARS
近两年复合增速
15.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $151.7M |
| 净利润 | $16.2M | $-8.4M |
| 毛利率 | — | — |
| 营业利润率 | 16.6% | -5.3% |
| 净利率 | 8.1% | -5.5% |
| 营收同比 | 1.5% | 128.4% |
| 净利润同比 | -29.2% | 63.8% |
| 每股收益（稀释后） | $0.45 | $-0.17 |
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HTOTARS
| Q4 25 | $199.4M | $151.7M | ||
| Q3 25 | $243.5M | $118.7M | ||
| Q2 25 | $197.8M | $102.7M | ||
| Q1 25 | $164.9M | $78.3M | ||
| Q4 24 | $196.5M | $66.4M | ||
| Q3 24 | $216.7M | $48.1M | ||
| Q2 24 | $173.1M | $40.8M | ||
| Q1 24 | $150.0M | $27.6M |
净利润HTOTARS
| Q4 25 | $16.2M | $-8.4M | ||
| Q3 25 | $45.1M | $-12.6M | ||
| Q2 25 | $24.7M | $-20.3M | ||
| Q1 25 | $16.6M | $-25.1M | ||
| Q4 24 | $22.9M | $-23.1M | ||
| Q3 24 | $38.7M | $-23.4M | ||
| Q2 24 | $20.7M | $-33.3M | ||
| Q1 24 | $11.7M | $-35.7M |
营业利润率HTOTARS
| Q4 25 | 16.6% | -5.3% | ||
| Q3 25 | 26.5% | -12.2% | ||
| Q2 25 | 22.2% | -21.6% | ||
| Q1 25 | 21.8% | -33.5% | ||
| Q4 24 | 22.2% | -36.8% | ||
| Q3 24 | 26.9% | -52.3% | ||
| Q2 24 | 23.4% | -81.6% | ||
| Q1 24 | 18.6% | -136.5% |
净利率HTOTARS
| Q4 25 | 8.1% | -5.5% | ||
| Q3 25 | 18.5% | -10.6% | ||
| Q2 25 | 12.5% | -19.8% | ||
| Q1 25 | 10.0% | -32.1% | ||
| Q4 24 | 11.7% | -34.8% | ||
| Q3 24 | 17.8% | -48.7% | ||
| Q2 24 | 12.0% | -81.6% | ||
| Q1 24 | 7.8% | -129.4% |
每股收益（稀释后）HTOTARS
| Q4 25 | $0.45 | $-0.17 | ||
| Q3 25 | $1.27 | $-0.30 | ||
| Q2 25 | $0.71 | $-0.48 | ||
| Q1 25 | $0.49 | $-0.64 | ||
| Q4 24 | $0.70 | $-0.57 | ||
| Q3 24 | $1.17 | $-0.61 | ||
| Q2 24 | $0.64 | $-0.88 | ||
| Q1 24 | $0.36 | $-1.01 |
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 | $417.3M |
| 总债务越低越好 | $1.9B | $72.4M |
| 股东权益账面价值 | $1.5B | $343.4M |
| 总资产 | $5.1B | $562.2M |
| 负债/权益比越低杠杆越低 | 1.23× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资HTOTARS
| Q4 25 | $20.7M | $417.3M | ||
| Q3 25 | $11.3M | $401.8M | ||
| Q2 25 | $19.8M | $381.1M | ||
| Q1 25 | $23.7M | $407.9M | ||
| Q4 24 | $11.1M | $291.4M | ||
| Q3 24 | $4.0M | $317.0M | ||
| Q2 24 | $22.8M | $323.6M | ||
| Q1 24 | $4.5M | $298.5M |
总债务HTOTARS
| Q4 25 | $1.9B | $72.4M | ||
| Q3 25 | — | $72.3M | ||
| Q2 25 | — | $72.1M | ||
| Q1 25 | — | $72.0M | ||
| Q4 24 | $1.7B | $71.8M | ||
| Q3 24 | — | $71.7M | ||
| Q2 24 | — | $71.6M | ||
| Q1 24 | — | $29.9M |
股东权益HTOTARS
| Q4 25 | $1.5B | $343.4M | ||
| Q3 25 | $1.5B | $335.1M | ||
| Q2 25 | $1.5B | $332.6M | ||
| Q1 25 | $1.4B | $342.5M | ||
| Q4 24 | $1.4B | $224.5M | ||
| Q3 24 | $1.3B | $237.5M | ||
| Q2 24 | $1.3B | $252.2M | ||
| Q1 24 | $1.2B | $275.2M |
总资产HTOTARS
| Q4 25 | $5.1B | $562.2M | ||
| Q3 25 | $5.0B | $534.6M | ||
| Q2 25 | $4.8B | $495.0M | ||
| Q1 25 | $4.7B | $500.8M | ||
| Q4 24 | $4.7B | $377.0M | ||
| Q3 24 | $4.6B | $376.3M | ||
| Q2 24 | $4.4B | $376.8M | ||
| Q1 24 | $4.4B | $349.3M |
负债/权益比HTOTARS
| Q4 25 | 1.23× | 0.21× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | 1.26× | 0.32× | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | — | 0.11× |
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 | $19.3M |
| 自由现金流经营现金流 - 资本支出 | — | $13.0M |
| 自由现金流率自由现金流/营收 | — | 8.6% |
| 资本支出强度资本支出/营收 | — | 4.2% |
| 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 | — | $-22.3M |
8季度趋势，按日历期对齐
经营现金流HTOTARS
| Q4 25 | $63.5M | $19.3M | ||
| Q3 25 | $77.3M | $18.3M | ||
| Q2 25 | $60.8M | $-29.4M | ||
| Q1 25 | $43.2M | $-20.7M | ||
| Q4 24 | $41.5M | $-22.2M | ||
| Q3 24 | $53.5M | $-8.7M | ||
| Q2 24 | $49.3M | $-14.4M | ||
| Q1 24 | $51.2M | $-37.8M |
自由现金流HTOTARS
| Q4 25 | — | $13.0M | ||
| Q3 25 | — | $16.3M | ||
| Q2 25 | — | $-30.4M | ||
| Q1 25 | — | $-21.2M | ||
| Q4 24 | — | $-22.3M | ||
| Q3 24 | — | $-8.9M | ||
| Q2 24 | — | $-15.4M | ||
| Q1 24 | — | $-38.0M |
自由现金流率HTOTARS
| Q4 25 | — | 8.6% | ||
| Q3 25 | — | 13.8% | ||
| Q2 25 | — | -29.6% | ||
| Q1 25 | — | -27.1% | ||
| Q4 24 | — | -33.5% | ||
| Q3 24 | — | -18.6% | ||
| Q2 24 | — | -37.8% | ||
| Q1 24 | — | -137.5% |
资本支出强度HTOTARS
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 0.6% |
现金转化率HTOTARS
| 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% |
TARS
暂无分部数据
