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H2O AMERICA（HTO）与EXPRO GROUP HOLDINGS N.V.（XPRO）财务数据对比。点击上方公司名可切换其他公司
EXPRO GROUP HOLDINGS N.V.的季度营收约是H2O AMERICA的1.8倍（$367.6M vs $199.4M），H2O AMERICA同比增速更快（1.5% vs -6.0%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs -11.5%）
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。
Expro是一家能源服务提供商，总部位于美国得克萨斯州休斯敦，主要为油气等能源领域的客户提供相关技术服务与解决方案，业务覆盖全球多个主要能源产区，助力行业实现高效、安全的开发运营。
HTO vs XPRO — 直观对比
营收规模更大
XPRO
是对方的1.8倍
$199.4M
营收增速更快
HTO
高出7.4%
-6.0%
两年增速更快
HTO
近两年复合增速
-11.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $367.6M |
| 净利润 | $16.2M | — |
| 毛利率 | — | 6.7% |
| 营业利润率 | 16.6% | 0.0% |
| 净利率 | 8.1% | — |
| 营收同比 | 1.5% | -6.0% |
| 净利润同比 | -29.2% | — |
| 每股收益（稀释后） | $0.45 | $0.05 |
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HTOXPRO
| Q1 26 | — | $367.6M | ||
| Q4 25 | $199.4M | $382.1M | ||
| Q3 25 | $243.5M | $411.4M | ||
| Q2 25 | $197.8M | $422.7M | ||
| Q1 25 | $164.9M | $390.9M | ||
| Q4 24 | $196.5M | $436.8M | ||
| Q3 24 | $216.7M | $422.8M | ||
| Q2 24 | $173.1M | $469.6M |
净利润HTOXPRO
| Q1 26 | — | — | ||
| Q4 25 | $16.2M | $5.8M | ||
| Q3 25 | $45.1M | $14.0M | ||
| Q2 25 | $24.7M | $18.0M | ||
| Q1 25 | $16.6M | $13.9M | ||
| Q4 24 | $22.9M | $23.0M | ||
| Q3 24 | $38.7M | $16.3M | ||
| Q2 24 | $20.7M | $15.3M |
毛利率HTOXPRO
| Q1 26 | — | 6.7% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率HTOXPRO
| Q1 26 | — | 0.0% | ||
| Q4 25 | 16.6% | 3.1% | ||
| Q3 25 | 26.5% | 6.4% | ||
| Q2 25 | 22.2% | 7.7% | ||
| Q1 25 | 21.8% | 2.6% | ||
| Q4 24 | 22.2% | 7.3% | ||
| Q3 24 | 26.9% | 6.2% | ||
| Q2 24 | 23.4% | 5.9% |
净利率HTOXPRO
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 1.5% | ||
| Q3 25 | 18.5% | 3.4% | ||
| Q2 25 | 12.5% | 4.3% | ||
| Q1 25 | 10.0% | 3.6% | ||
| Q4 24 | 11.7% | 5.3% | ||
| Q3 24 | 17.8% | 3.8% | ||
| Q2 24 | 12.0% | 3.3% |
每股收益（稀释后）HTOXPRO
| Q1 26 | — | $0.05 | ||
| Q4 25 | $0.45 | $0.05 | ||
| Q3 25 | $1.27 | $0.12 | ||
| Q2 25 | $0.71 | $0.16 | ||
| Q1 25 | $0.49 | $0.12 | ||
| Q4 24 | $0.70 | $0.20 | ||
| Q3 24 | $1.17 | $0.14 | ||
| Q2 24 | $0.64 | $0.13 |
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 | $170.7M |
| 总债务越低越好 | $1.9B | $79.1M |
| 股东权益账面价值 | $1.5B | $1.5B |
| 总资产 | $5.1B | $2.2B |
| 负债/权益比越低杠杆越低 | 1.23× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资HTOXPRO
| Q1 26 | — | $170.7M | ||
| Q4 25 | $20.7M | $196.1M | ||
| Q3 25 | $11.3M | $197.9M | ||
| Q2 25 | $19.8M | $206.8M | ||
| Q1 25 | $23.7M | $179.3M | ||
| Q4 24 | $11.1M | $183.0M | ||
| Q3 24 | $4.0M | $165.7M | ||
| Q2 24 | $22.8M | $133.5M |
总债务HTOXPRO
| Q1 26 | — | $79.1M | ||
| Q4 25 | $1.9B | $79.1M | ||
| Q3 25 | — | $99.1M | ||
| Q2 25 | — | $121.1M | ||
| Q1 25 | — | $121.1M | ||
| Q4 24 | $1.7B | $121.1M | ||
| Q3 24 | — | $121.1M | ||
| Q2 24 | — | $121.1M |
股东权益HTOXPRO
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.3B | $1.5B |
总资产HTOXPRO
| Q1 26 | — | $2.2B | ||
| Q4 25 | $5.1B | $2.3B | ||
| Q3 25 | $5.0B | $2.3B | ||
| Q2 25 | $4.8B | $2.3B | ||
| Q1 25 | $4.7B | $2.3B | ||
| Q4 24 | $4.7B | $2.3B | ||
| Q3 24 | $4.6B | $2.3B | ||
| Q2 24 | $4.4B | $2.3B |
负债/权益比HTOXPRO
| Q1 26 | — | 0.05× | ||
| Q4 25 | 1.23× | 0.05× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | 1.26× | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× |
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 | $25.3M |
| 自由现金流经营现金流 - 资本支出 | — | $23.2M |
| 自由现金流率自由现金流/营收 | — | 6.3% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 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 | — | $112.6M |
8季度趋势，按日历期对齐
经营现金流HTOXPRO
| Q1 26 | — | $25.3M | ||
| Q4 25 | $63.5M | $57.1M | ||
| Q3 25 | $77.3M | $63.2M | ||
| Q2 25 | $60.8M | $48.4M | ||
| Q1 25 | $43.2M | $41.5M | ||
| Q4 24 | $41.5M | $97.4M | ||
| Q3 24 | $53.5M | $55.3M | ||
| Q2 24 | $49.3M | $-13.2M |
自由现金流HTOXPRO
| Q1 26 | — | $23.2M | ||
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $39.0M | ||
| Q2 25 | — | $27.2M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $23.3M | ||
| Q2 24 | — | $-49.5M |
自由现金流率HTOXPRO
| Q1 26 | — | 6.3% | ||
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | -10.5% |
资本支出强度HTOXPRO
| Q1 26 | — | 1.2% | ||
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 5.0% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 7.7% |
现金转化率HTOXPRO
| Q1 26 | — | — | ||
| Q4 25 | 3.92× | 9.89× | ||
| Q3 25 | 1.71× | 4.52× | ||
| Q2 25 | 2.47× | 2.69× | ||
| Q1 25 | 2.61× | 2.98× | ||
| Q4 24 | 1.81× | 4.23× | ||
| Q3 24 | 1.39× | 3.40× | ||
| Q2 24 | 2.38× | -0.86× |
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% |
XPRO
暂无分部数据
