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H2O AMERICA（HTO）与Westrock Coffee Co（WEST）财务数据对比。点击上方公司名可切换其他公司
Westrock Coffee Co的季度营收约是H2O AMERICA的1.7倍（$339.5M vs $199.4M），H2O AMERICA净利率更高（8.1% vs -6.6%，领先14.8%），Westrock Coffee Co同比增速更快（48.3% vs 1.5%），过去两年Westrock Coffee Co的营收复合增速更高（32.8% 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。
Westrock Coffee Co是一家全球化综合咖啡及饮品解决方案供应商，业务覆盖咖啡、茶与功能性饮品的采购、烘焙、生产及分销，为北美及全球其他区域的零售、餐饮和商业客户提供定制化产品及配套服务。
HTO vs WEST — 直观对比
营收规模更大
WEST
是对方的1.7倍
$199.4M
营收增速更快
WEST
高出46.8%
1.5%
净利率更高
HTO
高出14.8%
-6.6%
两年增速更快
WEST
近两年复合增速
15.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $339.5M |
| 净利润 | $16.2M | $-22.6M |
| 毛利率 | — | 11.5% |
| 营业利润率 | 16.6% | -2.6% |
| 净利率 | 8.1% | -6.6% |
| 营收同比 | 1.5% | 48.3% |
| 净利润同比 | -29.2% | 8.3% |
| 每股收益（稀释后） | $0.45 | $-0.22 |
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HTOWEST
| Q4 25 | $199.4M | $339.5M | ||
| Q3 25 | $243.5M | $354.8M | ||
| Q2 25 | $197.8M | $280.9M | ||
| Q1 25 | $164.9M | $213.8M | ||
| Q4 24 | $196.5M | $229.0M | ||
| Q3 24 | $216.7M | $220.9M | ||
| Q2 24 | $173.1M | $208.4M | ||
| Q1 24 | $150.0M | $192.5M |
净利润HTOWEST
| Q4 25 | $16.2M | $-22.6M | ||
| Q3 25 | $45.1M | $-19.1M | ||
| Q2 25 | $24.7M | $-21.6M | ||
| Q1 25 | $16.6M | $-27.2M | ||
| Q4 24 | $22.9M | $-24.6M | ||
| Q3 24 | $38.7M | $-14.3M | ||
| Q2 24 | $20.7M | $-17.8M | ||
| Q1 24 | $11.7M | $-23.7M |
毛利率HTOWEST
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 19.9% | ||
| Q1 24 | — | 19.4% |
营业利润率HTOWEST
| Q4 25 | 16.6% | -2.6% | ||
| Q3 25 | 26.5% | -2.4% | ||
| Q2 25 | 22.2% | -5.3% | ||
| Q1 25 | 21.8% | -6.1% | ||
| Q4 24 | 22.2% | -4.3% | ||
| Q3 24 | 26.9% | -5.8% | ||
| Q2 24 | 23.4% | -7.9% | ||
| Q1 24 | 18.6% | -5.3% |
净利率HTOWEST
| Q4 25 | 8.1% | -6.6% | ||
| Q3 25 | 18.5% | -5.4% | ||
| Q2 25 | 12.5% | -7.7% | ||
| Q1 25 | 10.0% | -12.7% | ||
| Q4 24 | 11.7% | -10.7% | ||
| Q3 24 | 17.8% | -6.5% | ||
| Q2 24 | 12.0% | -8.5% | ||
| Q1 24 | 7.8% | -12.3% |
每股收益（稀释后）HTOWEST
| Q4 25 | $0.45 | $-0.22 | ||
| Q3 25 | $1.27 | $-0.20 | ||
| Q2 25 | $0.71 | $-0.23 | ||
| Q1 25 | $0.49 | $-0.29 | ||
| Q4 24 | $0.70 | $-0.26 | ||
| Q3 24 | $1.17 | $-0.16 | ||
| Q2 24 | $0.64 | $-0.20 | ||
| Q1 24 | $0.36 | $-0.27 |
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 | $49.9M |
| 总债务越低越好 | $1.9B | $444.1M |
| 股东权益账面价值 | $1.5B | $-1.9M |
| 总资产 | $5.1B | $1.2B |
| 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HTOWEST
| Q4 25 | $20.7M | $49.9M | ||
| Q3 25 | $11.3M | $34.0M | ||
| Q2 25 | $19.8M | $44.0M | ||
| Q1 25 | $23.7M | $33.1M | ||
| Q4 24 | $11.1M | $26.2M | ||
| Q3 24 | $4.0M | $22.4M | ||
| Q2 24 | $22.8M | $24.3M | ||
| Q1 24 | $4.5M | $12.6M |
总债务HTOWEST
| Q4 25 | $1.9B | $444.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | $393.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HTOWEST
| Q4 25 | $1.5B | $-1.9M | ||
| Q3 25 | $1.5B | $11.4M | ||
| Q2 25 | $1.5B | $18.2M | ||
| Q1 25 | $1.4B | $71.4M | ||
| Q4 24 | $1.4B | $97.5M | ||
| Q3 24 | $1.3B | $110.3M | ||
| Q2 24 | $1.3B | $81.5M | ||
| Q1 24 | $1.2B | $91.7M |
总资产HTOWEST
| Q4 25 | $5.1B | $1.2B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $4.8B | $1.2B | ||
| Q1 25 | $4.7B | $1.1B | ||
| Q4 24 | $4.7B | $1.1B | ||
| Q3 24 | $4.6B | $1.1B | ||
| Q2 24 | $4.4B | $1.1B | ||
| Q1 24 | $4.4B | $983.3M |
负债/权益比HTOWEST
| Q4 25 | 1.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | 4.03× | ||
| 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 | $36.7M |
| 自由现金流经营现金流 - 资本支出 | — | $27.8M |
| 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 | — | 2.6% |
| 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 | — | $-107.8M |
8季度趋势，按日历期对齐
经营现金流HTOWEST
| Q4 25 | $63.5M | $36.7M | ||
| Q3 25 | $77.3M | $-26.6M | ||
| Q2 25 | $60.8M | $-7.0M | ||
| Q1 25 | $43.2M | $-22.1M | ||
| Q4 24 | $41.5M | $2.8M | ||
| Q3 24 | $53.5M | $-332.0K | ||
| Q2 24 | $49.3M | $-23.7M | ||
| Q1 24 | $51.2M | $8.0M |
自由现金流HTOWEST
| Q4 25 | — | $27.8M | ||
| Q3 25 | — | $-44.7M | ||
| Q2 25 | — | $-27.5M | ||
| Q1 25 | — | $-63.4M | ||
| Q4 24 | — | $-15.4M | ||
| Q3 24 | — | $-36.7M | ||
| Q2 24 | — | $-59.9M | ||
| Q1 24 | — | $-60.9M |
自由现金流率HTOWEST
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -12.6% | ||
| Q2 25 | — | -9.8% | ||
| Q1 25 | — | -29.7% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | -16.6% | ||
| Q2 24 | — | -28.7% | ||
| Q1 24 | — | -31.7% |
资本支出强度HTOWEST
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 16.5% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | — | 35.8% |
现金转化率HTOWEST
| 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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
