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H2O AMERICA（HTO）与Essential Utilities, Inc.（WTRG）财务数据对比。点击上方公司名可切换其他公司
Essential Utilities, Inc.的季度营收约是H2O AMERICA的3.5倍（$699.1M vs $199.4M）。Essential Utilities, Inc.净利率更高（19.0% vs 8.1%，领先10.8%）。Essential Utilities, Inc.同比增速更快（15.7% vs 1.5%）。过去两年H2O AMERICA的营收复合增速更高（15.3% vs 6.9%）
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。
Essential Utilities是美国公共事业企业，业务覆盖伊利诺伊、印第安纳、肯塔基、新泽西、北卡罗来纳、俄亥俄、宾夕法尼亚、得克萨斯、弗吉尼亚共九个州，主营饮用水供应、污水处理基础设施运营及天然气供应服务，作为上市公司（股票代码WTRG），是Aqua America和Peoples Natural Gas的母公司，两家子公司仍保留原有品牌独立运营。
HTO vs WTRG — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $699.1M |
| 净利润 | $16.2M | $132.7M |
| 毛利率 | — | — |
| 营业利润率 | 16.6% | 32.5% |
| 净利率 | 8.1% | 19.0% |
| 营收同比 | 1.5% | 15.7% |
| 净利润同比 | -29.2% | -28.2% |
| 每股收益（稀释后） | $0.45 | $0.46 |
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
| Q4 25 | $199.4M | $699.1M | ||
| Q3 25 | $243.5M | $477.0M | ||
| Q2 25 | $197.8M | $514.9M | ||
| Q1 25 | $164.9M | $783.6M | ||
| Q4 24 | $196.5M | $604.4M | ||
| Q3 24 | $216.7M | $435.3M | ||
| Q2 24 | $173.1M | $434.4M | ||
| Q1 24 | $150.0M | $612.1M |
| Q4 25 | $16.2M | $132.7M | ||
| Q3 25 | $45.1M | $92.1M | ||
| Q2 25 | $24.7M | $107.8M | ||
| Q1 25 | $16.6M | $283.8M | ||
| Q4 24 | $22.9M | $184.8M | ||
| Q3 24 | $38.7M | $69.4M | ||
| Q2 24 | $20.7M | $75.4M | ||
| Q1 24 | $11.7M | $265.8M |
| Q4 25 | 16.6% | 32.5% | ||
| Q3 25 | 26.5% | 35.6% | ||
| Q2 25 | 22.2% | 36.0% | ||
| Q1 25 | 21.8% | 43.2% | ||
| Q4 24 | 22.2% | 37.5% | ||
| Q3 24 | 26.9% | 35.6% | ||
| Q2 24 | 23.4% | 33.4% | ||
| Q1 24 | 18.6% | 37.7% |
| Q4 25 | 8.1% | 19.0% | ||
| Q3 25 | 18.5% | 19.3% | ||
| Q2 25 | 12.5% | 20.9% | ||
| Q1 25 | 10.0% | 36.2% | ||
| Q4 24 | 11.7% | 30.6% | ||
| Q3 24 | 17.8% | 15.9% | ||
| Q2 24 | 12.0% | 17.4% | ||
| Q1 24 | 7.8% | 43.4% |
| Q4 25 | $0.45 | $0.46 | ||
| Q3 25 | $1.27 | $0.33 | ||
| Q2 25 | $0.71 | $0.38 | ||
| Q1 25 | $0.49 | $1.03 | ||
| Q4 24 | $0.70 | $0.67 | ||
| Q3 24 | $1.17 | $0.25 | ||
| Q2 24 | $0.64 | $0.28 | ||
| Q1 24 | $0.36 | $0.97 |
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 | $34.8M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.5B | $6.9B |
| 总资产 | $5.1B | $19.5B |
| 负债/权益比越低杠杆越低 | 1.23× | — |
8季度趋势，按日历期对齐
| Q4 25 | $20.7M | $34.8M | ||
| Q3 25 | $11.3M | $6.4M | ||
| Q2 25 | $19.8M | $25.1M | ||
| Q1 25 | $23.7M | $20.8M | ||
| Q4 24 | $11.1M | $9.2M | ||
| Q3 24 | $4.0M | $8.4M | ||
| Q2 24 | $22.8M | $18.8M | ||
| Q1 24 | $4.5M | $35.2M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $6.9B | ||
| Q3 25 | $1.5B | $6.8B | ||
| Q2 25 | $1.5B | $6.7B | ||
| Q1 25 | $1.4B | $6.5B | ||
| Q4 24 | $1.4B | $6.2B | ||
| Q3 24 | $1.3B | $6.2B | ||
| Q2 24 | $1.3B | $6.2B | ||
| Q1 24 | $1.2B | $6.1B |
| Q4 25 | $5.1B | $19.5B | ||
| Q3 25 | $5.0B | $18.9B | ||
| Q2 25 | $4.8B | $18.6B | ||
| Q1 25 | $4.7B | $18.3B | ||
| Q4 24 | $4.7B | $18.0B | ||
| Q3 24 | $4.6B | $17.6B | ||
| Q2 24 | $4.4B | $17.3B | ||
| Q1 24 | $4.4B | $17.1B |
| 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 | $206.1M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 3.92× | 1.55× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $63.5M | $206.1M | ||
| Q3 25 | $77.3M | $232.5M | ||
| Q2 25 | $60.8M | $272.3M | ||
| Q1 25 | $43.2M | $299.5M | ||
| Q4 24 | $41.5M | $147.8M | ||
| Q3 24 | $53.5M | $196.1M | ||
| Q2 24 | $49.3M | $185.7M | ||
| Q1 24 | $51.2M | $240.7M |
| Q4 25 | 3.92× | 1.55× | ||
| Q3 25 | 1.71× | 2.53× | ||
| Q2 25 | 2.47× | 2.53× | ||
| Q1 25 | 2.61× | 1.06× | ||
| Q4 24 | 1.81× | 0.80× | ||
| Q3 24 | 1.39× | 2.83× | ||
| Q2 24 | 2.38× | 2.46× | ||
| Q1 24 | 4.38× | 0.91× |
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
暂无分部数据
WTRG
| Natural Gas | $371.7M | 53% |
| Water | $269.4M | 39% |
| Wastewater | $57.2M | 8% |
| Other | $2.7M | 0% |
