vs
H2O AMERICA（HTO）与WAFD INC（WAFD）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WAFD INC的1.0倍（$199.4M vs $191.4M），WAFD INC净利率更高（33.5% vs 8.1%，领先25.4%），WAFD INC同比增速更快（11.8% vs 1.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs 5.5%）
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。
WAFD银行总部位于美国华盛顿州西雅图市，是美国头部银行之一，业务覆盖华盛顿州、俄勒冈州、爱达荷州、内华达州、犹他州、亚利桑那州、新墨西哥州、加利福尼亚州及得克萨斯州，共设有210家实体营业网点，为多州客户提供专业金融服务。
HTO vs WAFD — 直观对比
营收规模更大
HTO
是对方的1.0倍
$191.4M
营收增速更快
WAFD
高出10.3%
1.5%
净利率更高
WAFD
高出25.4%
8.1%
两年增速更快
HTO
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $191.4M |
| 净利润 | $16.2M | $64.2M |
| 毛利率 | — | — |
| 营业利润率 | 16.6% | 43.0% |
| 净利率 | 8.1% | 33.5% |
| 营收同比 | 1.5% | 11.8% |
| 净利润同比 | -29.2% | 35.8% |
| 每股收益（稀释后） | $0.45 | $0.79 |
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HTOWAFD
| Q4 25 | $199.4M | $191.4M | ||
| Q3 25 | $243.5M | $188.3M | ||
| Q2 25 | $197.8M | $186.3M | ||
| Q1 25 | $164.9M | $179.8M | ||
| Q4 24 | $196.5M | $171.1M | ||
| Q3 24 | $216.7M | $188.7M | ||
| Q2 24 | $173.1M | $194.4M | ||
| Q1 24 | $150.0M | $172.0M |
净利润HTOWAFD
| Q4 25 | $16.2M | $64.2M | ||
| Q3 25 | $45.1M | $60.6M | ||
| Q2 25 | $24.7M | $62.0M | ||
| Q1 25 | $16.6M | $56.3M | ||
| Q4 24 | $22.9M | $47.3M | ||
| Q3 24 | $38.7M | $61.1M | ||
| Q2 24 | $20.7M | $64.6M | ||
| Q1 24 | $11.7M | $15.9M |
营业利润率HTOWAFD
| Q4 25 | 16.6% | 43.0% | ||
| Q3 25 | 26.5% | 41.2% | ||
| Q2 25 | 22.2% | 42.8% | ||
| Q1 25 | 21.8% | 40.1% | ||
| Q4 24 | 22.2% | 35.2% | ||
| Q3 24 | 26.9% | 42.8% | ||
| Q2 24 | 23.4% | 42.6% | ||
| Q1 24 | 18.6% | 12.2% |
净利率HTOWAFD
| Q4 25 | 8.1% | 33.5% | ||
| Q3 25 | 18.5% | 32.2% | ||
| Q2 25 | 12.5% | 33.3% | ||
| Q1 25 | 10.0% | 31.3% | ||
| Q4 24 | 11.7% | 27.6% | ||
| Q3 24 | 17.8% | 32.4% | ||
| Q2 24 | 12.0% | 33.2% | ||
| Q1 24 | 7.8% | 9.2% |
每股收益（稀释后）HTOWAFD
| Q4 25 | $0.45 | $0.79 | ||
| Q3 25 | $1.27 | $0.71 | ||
| Q2 25 | $0.71 | $0.73 | ||
| Q1 25 | $0.49 | $0.65 | ||
| Q4 24 | $0.70 | $0.54 | ||
| Q3 24 | $1.17 | $0.73 | ||
| Q2 24 | $0.64 | $0.75 | ||
| Q1 24 | $0.36 | $0.17 |
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 | $734.9M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.5B | $3.0B |
| 总资产 | $5.1B | $27.3B |
| 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HTOWAFD
| Q4 25 | $20.7M | $734.9M | ||
| Q3 25 | $11.3M | $657.3M | ||
| Q2 25 | $19.8M | $809.3M | ||
| Q1 25 | $23.7M | $1.2B | ||
| Q4 24 | $11.1M | $1.5B | ||
| Q3 24 | $4.0M | $2.4B | ||
| Q2 24 | $22.8M | $2.5B | ||
| Q1 24 | $4.5M | $1.5B |
总债务HTOWAFD
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HTOWAFD
| Q4 25 | $1.5B | $3.0B | ||
| Q3 25 | $1.5B | $3.0B | ||
| Q2 25 | $1.5B | $3.0B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.4B | $3.0B | ||
| Q3 24 | $1.3B | $3.0B | ||
| Q2 24 | $1.3B | $3.0B | ||
| Q1 24 | $1.2B | $2.9B |
总资产HTOWAFD
| Q4 25 | $5.1B | $27.3B | ||
| Q3 25 | $5.0B | $26.7B | ||
| Q2 25 | $4.8B | $26.7B | ||
| Q1 25 | $4.7B | $27.6B | ||
| Q4 24 | $4.7B | $27.7B | ||
| Q3 24 | $4.6B | $28.1B | ||
| Q2 24 | $4.4B | $28.6B | ||
| Q1 24 | $4.4B | $30.1B |
负债/权益比HTOWAFD
| 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 | $60.5M |
| 自由现金流经营现金流 - 资本支出 | — | $50.0M |
| 自由现金流率自由现金流/营收 | — | 26.1% |
| 资本支出强度资本支出/营收 | — | 5.5% |
| 现金转化率经营现金流/净利润 | 3.92× | 0.94× |
| 过去12个月自由现金流最近4个季度 | — | $377.9M |
8季度趋势，按日历期对齐
经营现金流HTOWAFD
| Q4 25 | $63.5M | $60.5M | ||
| Q3 25 | $77.3M | $237.0M | ||
| Q2 25 | $60.8M | $58.0M | ||
| Q1 25 | $43.2M | $72.1M | ||
| Q4 24 | $41.5M | $49.4M | ||
| Q3 24 | $53.5M | $439.2M | ||
| Q2 24 | $49.3M | $63.1M | ||
| Q1 24 | $51.2M | $169.2M |
自由现金流HTOWAFD
| Q4 25 | — | $50.0M | ||
| Q3 25 | — | $208.2M | ||
| Q2 25 | — | $53.1M | ||
| Q1 25 | — | $66.6M | ||
| Q4 24 | — | $43.0M | ||
| Q3 24 | — | $414.6M | ||
| Q2 24 | — | $58.3M | ||
| Q1 24 | — | $164.8M |
自由现金流率HTOWAFD
| Q4 25 | — | 26.1% | ||
| Q3 25 | — | 110.6% | ||
| Q2 25 | — | 28.5% | ||
| Q1 25 | — | 37.0% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | — | 219.7% | ||
| Q2 24 | — | 30.0% | ||
| Q1 24 | — | 95.8% |
资本支出强度HTOWAFD
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 15.2% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 2.6% |
现金转化率HTOWAFD
| Q4 25 | 3.92× | 0.94× | ||
| Q3 25 | 1.71× | 3.91× | ||
| Q2 25 | 2.47× | 0.94× | ||
| Q1 25 | 2.61× | 1.28× | ||
| Q4 24 | 1.81× | 1.05× | ||
| Q3 24 | 1.39× | 7.18× | ||
| Q2 24 | 2.38× | 0.98× | ||
| Q1 24 | 4.38× | 10.65× |
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% |
WAFD
暂无分部数据
