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Mueller Water Products, Inc.（MWA）与Select Water Solutions, Inc.（WTTR）财务数据对比。点击上方公司名可切换其他公司
Select Water Solutions, Inc.的季度营收约是Mueller Water Products, Inc.的1.1倍（$346.5M vs $318.2M），Mueller Water Products, Inc.净利率更高（13.6% vs -0.1%，领先13.7%），Mueller Water Products, Inc.同比增速更快（4.6% vs -0.7%），Mueller Water Products, Inc.自由现金流更多（$44.0M vs $-6.0M），过去两年Select Water Solutions, Inc.的营收复合增速更高（-2.8% vs -5.1%）
穆勒水业（Mueller Water Products, Inc.）是总部位于美国佐治亚州亚特兰大的上市企业，为北美规模顶尖的消防栓、闸阀及其他水务基础设施产品生产商与分销商之一，旗下设有Mueller Co.和Mueller Technologies两大业务单元，运营包括Echologics、Mueller Systems在内的十余个品牌及关联主体。
Select Water Solutions是一家专注于油气领域的水务及环保解决方案供应商，主要服务北美陆上油气开采市场，核心业务涵盖水资源获取、处理、回收、处置及化学品解决方案，可帮助客户降低运营成本、减少环境影响。
MWA vs WTTR — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $318.2M | $346.5M |
| 净利润 | $43.2M | $-346.0K |
| 毛利率 | 37.6% | 13.1% |
| 营业利润率 | 17.8% | -0.1% |
| 净利率 | 13.6% | -0.1% |
| 营收同比 | 4.6% | -0.7% |
| 净利润同比 | 22.4% | 78.9% |
| 每股收益（稀释后） | $0.27 | — |
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 | $318.2M | $346.5M | ||
| Q3 25 | $380.8M | $322.2M | ||
| Q2 25 | $380.3M | $364.2M | ||
| Q1 25 | $364.3M | $374.4M | ||
| Q4 24 | $304.3M | $349.0M | ||
| Q3 24 | $348.2M | $371.3M | ||
| Q2 24 | $356.7M | $365.1M | ||
| Q1 24 | $353.4M | $366.5M |
| Q4 25 | $43.2M | $-346.0K | ||
| Q3 25 | $52.6M | $2.7M | ||
| Q2 25 | $52.5M | $10.6M | ||
| Q1 25 | $51.3M | $8.2M | ||
| Q4 24 | $35.3M | $-1.6M | ||
| Q3 24 | $10.0M | $15.8M | ||
| Q2 24 | $47.3M | $12.9M | ||
| Q1 24 | $44.3M | $3.6M |
| Q4 25 | 37.6% | 13.1% | ||
| Q3 25 | 36.8% | 13.5% | ||
| Q2 25 | 38.3% | 15.9% | ||
| Q1 25 | 35.1% | 14.9% | ||
| Q4 24 | 33.8% | 12.7% | ||
| Q3 24 | 31.8% | 16.8% | ||
| Q2 24 | 36.8% | 16.5% | ||
| Q1 24 | 36.9% | 14.4% |
| Q4 25 | 17.8% | -0.1% | ||
| Q3 25 | 18.3% | -0.5% | ||
| Q2 25 | 19.4% | 4.2% | ||
| Q1 25 | 19.2% | 4.2% | ||
| Q4 24 | 15.6% | 0.7% | ||
| Q3 24 | 8.2% | 6.6% | ||
| Q2 24 | 18.8% | 5.6% | ||
| Q1 24 | 18.0% | 1.9% |
| Q4 25 | 13.6% | -0.1% | ||
| Q3 25 | 13.8% | 0.8% | ||
| Q2 25 | 13.8% | 2.9% | ||
| Q1 25 | 14.1% | 2.2% | ||
| Q4 24 | 11.6% | -0.5% | ||
| Q3 24 | 2.9% | 4.3% | ||
| Q2 24 | 13.3% | 3.5% | ||
| Q1 24 | 12.5% | 1.0% |
| Q4 25 | $0.27 | — | ||
| Q3 25 | $0.34 | — | ||
| Q2 25 | $0.33 | — | ||
| Q1 25 | $0.33 | — | ||
| Q4 24 | $0.22 | — | ||
| Q3 24 | $0.07 | — | ||
| Q2 24 | $0.30 | — | ||
| Q1 24 | $0.28 | — |
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 | — | $18.1M |
| 总债务越低越好 | — | $320.0M |
| 股东权益账面价值 | $1.0B | $805.6M |
| 总资产 | $1.8B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.40× |
8季度趋势，按日历期对齐
| Q4 25 | — | $18.1M | ||
| Q3 25 | — | $17.8M | ||
| Q2 25 | — | $51.2M | ||
| Q1 25 | — | $27.9M | ||
| Q4 24 | — | $20.0M | ||
| Q3 24 | — | $10.9M | ||
| Q2 24 | — | $16.4M | ||
| Q1 24 | — | $12.8M |
| Q4 25 | — | $320.0M | ||
| Q3 25 | — | $305.0M | ||
| Q2 25 | — | $275.0M | ||
| Q1 25 | — | $250.0M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | — | $80.0M | ||
| Q2 24 | — | $90.0M | ||
| Q1 24 | — | $75.0M |
| Q4 25 | $1.0B | $805.6M | ||
| Q3 25 | $981.7M | $808.1M | ||
| Q2 25 | $929.0M | $799.3M | ||
| Q1 25 | $873.6M | $793.1M | ||
| Q4 24 | $834.1M | $793.5M | ||
| Q3 24 | $810.1M | $796.5M | ||
| Q2 24 | $791.6M | $782.0M | ||
| Q1 24 | $754.5M | $770.0M |
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.7B | $1.5B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.5B | $1.3B |
| Q4 25 | — | 0.40× | ||
| Q3 25 | — | 0.38× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.10× |
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 | $61.2M | $65.5M |
| 自由现金流经营现金流 - 资本支出 | $44.0M | $-6.0M |
| 自由现金流率自由现金流/营收 | 13.8% | -1.7% |
| 资本支出强度资本支出/营收 | 5.4% | 20.6% |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $173.8M | $-79.9M |
8季度趋势，按日历期对齐
| Q4 25 | $61.2M | $65.5M | ||
| Q3 25 | $83.5M | $71.7M | ||
| Q2 25 | $67.4M | $82.6M | ||
| Q1 25 | $14.3M | $-5.1M | ||
| Q4 24 | $54.1M | $67.8M | ||
| Q3 24 | $89.3M | $51.9M | ||
| Q2 24 | $87.3M | $83.1M | ||
| Q1 24 | $-5.7M | $32.1M |
| Q4 25 | $44.0M | $-6.0M | ||
| Q3 25 | $69.0M | $-23.5M | ||
| Q2 25 | $55.7M | $3.2M | ||
| Q1 25 | $5.1M | $-53.5M | ||
| Q4 24 | $42.2M | $12.7M | ||
| Q3 24 | $69.9M | $16.7M | ||
| Q2 24 | $75.1M | $34.0M | ||
| Q1 24 | $-15.8M | $-1.6M |
| Q4 25 | 13.8% | -1.7% | ||
| Q3 25 | 18.1% | -7.3% | ||
| Q2 25 | 14.6% | 0.9% | ||
| Q1 25 | 1.4% | -14.3% | ||
| Q4 24 | 13.9% | 3.6% | ||
| Q3 24 | 20.1% | 4.5% | ||
| Q2 24 | 21.1% | 9.3% | ||
| Q1 24 | -4.5% | -0.4% |
| Q4 25 | 5.4% | 20.6% | ||
| Q3 25 | 3.8% | 29.6% | ||
| Q2 25 | 3.1% | 21.8% | ||
| Q1 25 | 2.5% | 12.9% | ||
| Q4 24 | 3.9% | 15.8% | ||
| Q3 24 | 5.6% | 9.5% | ||
| Q2 24 | 3.4% | 13.5% | ||
| Q1 24 | 2.9% | 9.2% |
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.59× | 26.72× | ||
| Q2 25 | 1.28× | 7.76× | ||
| Q1 25 | 0.28× | -0.61× | ||
| Q4 24 | 1.53× | — | ||
| Q3 24 | 8.93× | 3.29× | ||
| Q2 24 | 1.85× | 6.46× | ||
| Q1 24 | -0.13× | 8.86× |
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
MWA
| Water Flow Solutions | $173.0M | 54% |
| Water Management Solutions | $145.2M | 46% |
WTTR
| Water Services | $178.3M | 51% |
| Marcellus Utica | $38.6M | 11% |
| Rockies | $38.3M | 11% |
| Eagle Ford | $28.2M | 8% |
| Midcon | $23.0M | 7% |
| Haynesville E.Texas | $19.1M | 6% |
| Bakken | $17.3M | 5% |
| Eliminations And Other Geographical Regions | $3.6M | 1% |
