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TRUPANION, INC.（TRUP）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
TRUPANION, INC.的季度营收约是Select Water Solutions, Inc.的1.1倍（$376.9M vs $346.5M），TRUPANION, INC.同比增速更快（11.7% vs -0.7%），TRUPANION, INC.自由现金流更多（$25.3M vs $-6.0M），过去两年TRUPANION, INC.的营收复合增速更高（11.0% vs -2.8%）
Trupanion是总部位于美国华盛顿州西雅图的宠物保险服务商，创立于1999年，业务覆盖美国、加拿大、澳大利亚与波多黎各地区。该公司为宠物提供保险保障服务，所有保单由旗下美国宠物保险公司（APIC）独家承保。
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。
TRUP vs WTTR — 直观对比
营收规模更大
TRUP
是对方的1.1倍
$346.5M
营收增速更快
TRUP
高出12.5%
-0.7%
自由现金流更多
TRUP
多$31.4M
$-6.0M
两年增速更快
TRUP
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $376.9M | $346.5M |
| 净利润 | — | $-346.0K |
| 毛利率 | 17.3% | 13.1% |
| 营业利润率 | 1.9% | -0.1% |
| 净利率 | — | -0.1% |
| 营收同比 | 11.7% | -0.7% |
| 净利润同比 | — | 78.9% |
| 每股收益（稀释后） | $0.13 | — |
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TRUPWTTR
| Q4 25 | $376.9M | $346.5M | ||
| Q3 25 | $366.9M | $322.2M | ||
| Q2 25 | $353.6M | $364.2M | ||
| Q1 25 | $342.0M | $374.4M | ||
| Q4 24 | $337.3M | $349.0M | ||
| Q3 24 | $327.5M | $371.3M | ||
| Q2 24 | $314.8M | $365.1M | ||
| Q1 24 | $306.1M | $366.5M |
净利润TRUPWTTR
| Q4 25 | — | $-346.0K | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $10.6M | ||
| Q1 25 | — | $8.2M | ||
| Q4 24 | — | $-1.6M | ||
| Q3 24 | — | $15.8M | ||
| Q2 24 | — | $12.9M | ||
| Q1 24 | — | $3.6M |
毛利率TRUPWTTR
| Q4 25 | 17.3% | 13.1% | ||
| Q3 25 | 16.4% | 13.5% | ||
| Q2 25 | 15.5% | 15.9% | ||
| Q1 25 | 14.9% | 14.9% | ||
| Q4 24 | 15.7% | 12.7% | ||
| Q3 24 | 15.1% | 16.8% | ||
| Q2 24 | 12.8% | 16.5% | ||
| Q1 24 | 11.8% | 14.4% |
营业利润率TRUPWTTR
| Q4 25 | 1.9% | -0.1% | ||
| Q3 25 | 1.6% | -0.5% | ||
| Q2 25 | 0.7% | 4.2% | ||
| Q1 25 | -0.4% | 4.2% | ||
| Q4 24 | 0.1% | 0.7% | ||
| Q3 24 | 0.5% | 6.6% | ||
| Q2 24 | -1.7% | 5.6% | ||
| Q1 24 | -2.0% | 1.9% |
净利率TRUPWTTR
| Q4 25 | — | -0.1% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 1.0% |
每股收益（稀释后）TRUPWTTR
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.13 | — | ||
| Q2 25 | $0.22 | — | ||
| Q1 25 | $-0.03 | — | ||
| Q4 24 | $0.04 | — | ||
| Q3 24 | $0.03 | — | ||
| Q2 24 | $-0.14 | — | ||
| Q1 24 | $-0.16 | — |
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 | $370.7M | $18.1M |
| 总债务越低越好 | $101.8M | $320.0M |
| 股东权益账面价值 | $383.9M | $805.6M |
| 总资产 | $915.0M | $1.6B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.40× |
8季度趋势，按日历期对齐
现金及短期投资TRUPWTTR
| Q4 25 | $370.7M | $18.1M | ||
| Q3 25 | $348.5M | $17.8M | ||
| Q2 25 | $319.6M | $51.2M | ||
| Q1 25 | $321.8M | $27.9M | ||
| Q4 24 | $307.4M | $20.0M | ||
| Q3 24 | $293.1M | $10.9M | ||
| Q2 24 | $277.2M | $16.4M | ||
| Q1 24 | $275.2M | $12.8M |
总债务TRUPWTTR
| Q4 25 | $101.8M | $320.0M | ||
| Q3 25 | — | $305.0M | ||
| Q2 25 | — | $275.0M | ||
| Q1 25 | — | $250.0M | ||
| Q4 24 | $127.5M | $85.0M | ||
| Q3 24 | — | $80.0M | ||
| Q2 24 | — | $90.0M | ||
| Q1 24 | — | $75.0M |
股东权益TRUPWTTR
| Q4 25 | $383.9M | $805.6M | ||
| Q3 25 | $368.6M | $808.1M | ||
| Q2 25 | $355.5M | $799.3M | ||
| Q1 25 | $333.7M | $793.1M | ||
| Q4 24 | $323.3M | $793.5M | ||
| Q3 24 | $320.2M | $796.5M | ||
| Q2 24 | $305.8M | $782.0M | ||
| Q1 24 | $303.4M | $770.0M |
总资产TRUPWTTR
| Q4 25 | $915.0M | $1.6B | ||
| Q3 25 | $880.2M | $1.6B | ||
| Q2 25 | $847.8M | $1.5B | ||
| Q1 25 | $837.2M | $1.5B | ||
| Q4 24 | $806.9M | $1.4B | ||
| Q3 24 | $816.1M | $1.3B | ||
| Q2 24 | $795.9M | $1.3B | ||
| Q1 24 | $789.5M | $1.3B |
负债/权益比TRUPWTTR
| Q4 25 | 0.27× | 0.40× | ||
| Q3 25 | — | 0.38× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | 0.39× | 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 | $29.3M | $65.5M |
| 自由现金流经营现金流 - 资本支出 | $25.3M | $-6.0M |
| 自由现金流率自由现金流/营收 | 6.7% | -1.7% |
| 资本支出强度资本支出/营收 | 1.0% | 20.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $75.4M | $-79.9M |
8季度趋势，按日历期对齐
经营现金流TRUPWTTR
| Q4 25 | $29.3M | $65.5M | ||
| Q3 25 | $29.2M | $71.7M | ||
| Q2 25 | $15.0M | $82.6M | ||
| Q1 25 | $16.0M | $-5.1M | ||
| Q4 24 | $23.7M | $67.8M | ||
| Q3 24 | $15.3M | $51.9M | ||
| Q2 24 | $6.9M | $83.1M | ||
| Q1 24 | $2.4M | $32.1M |
自由现金流TRUPWTTR
| Q4 25 | $25.3M | $-6.0M | ||
| Q3 25 | $23.9M | $-23.5M | ||
| Q2 25 | $12.0M | $3.2M | ||
| Q1 25 | $14.0M | $-53.5M | ||
| Q4 24 | $21.8M | $12.7M | ||
| Q3 24 | $13.4M | $16.7M | ||
| Q2 24 | $4.0M | $34.0M | ||
| Q1 24 | $-631.0K | $-1.6M |
自由现金流率TRUPWTTR
| Q4 25 | 6.7% | -1.7% | ||
| Q3 25 | 6.5% | -7.3% | ||
| Q2 25 | 3.4% | 0.9% | ||
| Q1 25 | 4.1% | -14.3% | ||
| Q4 24 | 6.5% | 3.6% | ||
| Q3 24 | 4.1% | 4.5% | ||
| Q2 24 | 1.3% | 9.3% | ||
| Q1 24 | -0.2% | -0.4% |
资本支出强度TRUPWTTR
| Q4 25 | 1.0% | 20.6% | ||
| Q3 25 | 1.4% | 29.6% | ||
| Q2 25 | 0.8% | 21.8% | ||
| Q1 25 | 0.6% | 12.9% | ||
| Q4 24 | 0.6% | 15.8% | ||
| Q3 24 | 0.6% | 9.5% | ||
| Q2 24 | 0.9% | 13.5% | ||
| Q1 24 | 1.0% | 9.2% |
现金转化率TRUPWTTR
| Q4 25 | — | — | ||
| Q3 25 | — | 26.72× | ||
| Q2 25 | — | 7.76× | ||
| Q1 25 | — | -0.61× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 6.46× | ||
| Q1 24 | — | 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
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
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% |
