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H2O AMERICA（HTO）与Clear Secure, Inc.（YOU）财务数据对比。点击上方公司名可切换其他公司
Clear Secure, Inc.的季度营收约是H2O AMERICA的1.2倍（$240.8M vs $199.4M），Clear Secure, Inc.净利率更高（12.8% vs 8.1%，领先4.6%），Clear Secure, Inc.同比增速更快（16.7% vs 1.5%），过去两年Clear Secure, Inc.的营收复合增速更高（16.0% 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。
Clear Secure, Inc.是美国一家科技企业，主营生物识别旅行证件核验系统，其服务已覆盖部分大型机场与体育场馆。公司成立于2003年，2009年申请破产后停运，2012年重启运营，最终于2021年成功上市。
HTO vs YOU — 直观对比
营收规模更大
YOU
是对方的1.2倍
$199.4M
营收增速更快
YOU
高出15.2%
1.5%
净利率更高
YOU
高出4.6%
8.1%
两年增速更快
YOU
近两年复合增速
15.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $240.8M |
| 净利润 | $16.2M | $30.8M |
| 毛利率 | — | — |
| 营业利润率 | 16.6% | 22.4% |
| 净利率 | 8.1% | 12.8% |
| 营收同比 | 1.5% | 16.7% |
| 净利润同比 | -29.2% | -70.2% |
| 每股收益（稀释后） | $0.45 | — |
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HTOYOU
| Q4 25 | $199.4M | $240.8M | ||
| Q3 25 | $243.5M | $229.2M | ||
| Q2 25 | $197.8M | $219.5M | ||
| Q1 25 | $164.9M | $211.4M | ||
| Q4 24 | $196.5M | $206.3M | ||
| Q3 24 | $216.7M | $198.4M | ||
| Q2 24 | $173.1M | $186.7M | ||
| Q1 24 | $150.0M | $179.0M |
净利润HTOYOU
| Q4 25 | $16.2M | $30.8M | ||
| Q3 25 | $45.1M | $28.3M | ||
| Q2 25 | $24.7M | $24.7M | ||
| Q1 25 | $16.6M | $25.4M | ||
| Q4 24 | $22.9M | $103.3M | ||
| Q3 24 | $38.7M | $23.5M | ||
| Q2 24 | $20.7M | $24.1M | ||
| Q1 24 | $11.7M | $18.8M |
营业利润率HTOYOU
| Q4 25 | 16.6% | 22.4% | ||
| Q3 25 | 26.5% | 23.0% | ||
| Q2 25 | 22.2% | 19.4% | ||
| Q1 25 | 21.8% | 17.7% | ||
| Q4 24 | 22.2% | 16.5% | ||
| Q3 24 | 26.9% | 17.7% | ||
| Q2 24 | 23.4% | 16.2% | ||
| Q1 24 | 18.6% | 13.2% |
净利率HTOYOU
| Q4 25 | 8.1% | 12.8% | ||
| Q3 25 | 18.5% | 12.3% | ||
| Q2 25 | 12.5% | 11.3% | ||
| Q1 25 | 10.0% | 12.0% | ||
| Q4 24 | 11.7% | 50.1% | ||
| Q3 24 | 17.8% | 11.8% | ||
| Q2 24 | 12.0% | 12.9% | ||
| Q1 24 | 7.8% | 10.5% |
每股收益（稀释后）HTOYOU
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | — | ||
| Q2 25 | $0.71 | — | ||
| Q1 25 | $0.49 | — | ||
| Q4 24 | $0.70 | — | ||
| Q3 24 | $1.17 | — | ||
| Q2 24 | $0.64 | — | ||
| Q1 24 | $0.36 | — |
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 | $85.7M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.5B | $177.7M |
| 总资产 | $5.1B | $1.3B |
| 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HTOYOU
| Q4 25 | $20.7M | $85.7M | ||
| Q3 25 | $11.3M | $75.8M | ||
| Q2 25 | $19.8M | $89.3M | ||
| Q1 25 | $23.7M | $87.6M | ||
| Q4 24 | $11.1M | $66.9M | ||
| Q3 24 | $4.0M | $32.9M | ||
| Q2 24 | $22.8M | $39.1M | ||
| Q1 24 | $4.5M | $64.1M |
总债务HTOYOU
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HTOYOU
| Q4 25 | $1.5B | $177.7M | ||
| Q3 25 | $1.5B | $148.6M | ||
| Q2 25 | $1.5B | $121.3M | ||
| Q1 25 | $1.4B | $116.7M | ||
| Q4 24 | $1.4B | $198.4M | ||
| Q3 24 | $1.3B | $129.0M | ||
| Q2 24 | $1.3B | $153.5M | ||
| Q1 24 | $1.2B | $165.9M |
总资产HTOYOU
| Q4 25 | $5.1B | $1.3B | ||
| Q3 25 | $5.0B | $1.1B | ||
| Q2 25 | $4.8B | $1.2B | ||
| Q1 25 | $4.7B | $1.1B | ||
| Q4 24 | $4.7B | $1.2B | ||
| Q3 24 | $4.6B | $858.6M | ||
| Q2 24 | $4.4B | $982.4M | ||
| Q1 24 | $4.4B | $1.0B |
负债/权益比HTOYOU
| 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 | $198.4M |
| 自由现金流经营现金流 - 资本支出 | — | $187.4M |
| 自由现金流率自由现金流/营收 | — | 77.8% |
| 资本支出强度资本支出/营收 | — | 4.6% |
| 现金转化率经营现金流/净利润 | 3.92× | 6.45× |
| 过去12个月自由现金流最近4个季度 | — | $343.1M |
8季度趋势，按日历期对齐
经营现金流HTOYOU
| Q4 25 | $63.5M | $198.4M | ||
| Q3 25 | $77.3M | $-47.3M | ||
| Q2 25 | $60.8M | $123.0M | ||
| Q1 25 | $43.2M | $98.3M | ||
| Q4 24 | $41.5M | $136.6M | ||
| Q3 24 | $53.5M | $-35.9M | ||
| Q2 24 | $49.3M | $114.6M | ||
| Q1 24 | $51.2M | $80.3M |
自由现金流HTOYOU
| Q4 25 | — | $187.4M | ||
| Q3 25 | — | $-53.5M | ||
| Q2 25 | — | $117.9M | ||
| Q1 25 | — | $91.3M | ||
| Q4 24 | — | $133.9M | ||
| Q3 24 | — | $-37.9M | ||
| Q2 24 | — | $110.1M | ||
| Q1 24 | — | $77.6M |
自由现金流率HTOYOU
| Q4 25 | — | 77.8% | ||
| Q3 25 | — | -23.3% | ||
| Q2 25 | — | 53.7% | ||
| Q1 25 | — | 43.2% | ||
| Q4 24 | — | 64.9% | ||
| Q3 24 | — | -19.1% | ||
| Q2 24 | — | 59.0% | ||
| Q1 24 | — | 43.3% |
资本支出强度HTOYOU
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 1.6% |
现金转化率HTOYOU
| Q4 25 | 3.92× | 6.45× | ||
| Q3 25 | 1.71× | -1.67× | ||
| Q2 25 | 2.47× | 4.97× | ||
| Q1 25 | 2.61× | 3.87× | ||
| Q4 24 | 1.81× | 1.32× | ||
| Q3 24 | 1.39× | -1.53× | ||
| Q2 24 | 2.38× | 4.75× | ||
| Q1 24 | 4.38× | 4.27× |
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% |
YOU
暂无分部数据
