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沃茨水工业（WTS）与ZK International Group Co., Ltd.（ZKIN）财务数据对比。点击上方公司名可切换其他公司
沃茨水工业的季度营收约是ZK International Group Co., Ltd.的5.8倍（$625.1M vs $108.2M）。沃茨水工业净利率更高（13.4% vs -2.6%，领先16.0%）。沃茨水工业自由现金流更多（$140.3M vs $-7.5M）
沃茨水工业旗下AERCO是暖通管道领域的商用冷凝锅炉、高效热水设备及能量回收系统供应商，服务覆盖教育、住宿、政府、办公楼、医疗、工业、多户型住宅等多元市场，1949年推出行业首款半即热式无罐蒸汽热水器，1988年推出首款冷凝全调制设备。
ZK国际集团是一家总部位于中国的企业，专注于研发、设计、生产和销售高品质不锈钢管道系统及流体运输配套产品，服务于建筑、市政基建、住宅工程等领域，核心市场覆盖中国及部分海外区域。
WTS vs ZKIN — 直观对比
营收规模更大
WTS
是对方的5.8倍
$108.2M
净利率更高
WTS
高出16.0%
-2.6%
自由现金流更多
WTS
多$147.8M
$-7.5M
损益表 — Q4 2025 vs Q4 2024
| 指标 | | |
|---|---|---|
| 营收 | $625.1M | $108.2M |
| 净利润 | $83.7M | $-2.8M |
| 毛利率 | 49.5% | 6.1% |
| 营业利润率 | 18.2% | -1.6% |
| 净利率 | 13.4% | -2.6% |
| 营收同比 | 15.7% | — |
| 净利润同比 | 24.0% | — |
| 每股收益（稀释后） | $2.50 | $-0.57 |
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WTSZKIN
| Q4 25 | $625.1M | — | ||
| Q3 25 | $611.7M | — | ||
| Q2 25 | $643.7M | — | ||
| Q1 25 | $558.0M | — | ||
| Q4 24 | $540.4M | — | ||
| Q3 24 | $543.6M | $108.2M | ||
| Q2 24 | $597.3M | — | ||
| Q1 24 | $570.9M | — |
净利润WTSZKIN
| Q4 25 | $83.7M | — | ||
| Q3 25 | $82.2M | — | ||
| Q2 25 | $100.9M | — | ||
| Q1 25 | $74.0M | — | ||
| Q4 24 | $67.5M | — | ||
| Q3 24 | $69.1M | $-2.8M | ||
| Q2 24 | $82.0M | — | ||
| Q1 24 | $72.6M | — |
毛利率WTSZKIN
| Q4 25 | 49.5% | — | ||
| Q3 25 | 48.8% | — | ||
| Q2 25 | 50.6% | — | ||
| Q1 25 | 48.8% | — | ||
| Q4 24 | 46.7% | — | ||
| Q3 24 | 47.3% | 6.1% | ||
| Q2 24 | 47.7% | — | ||
| Q1 24 | 46.9% | — |
营业利润率WTSZKIN
| Q4 25 | 18.2% | — | ||
| Q3 25 | 18.2% | — | ||
| Q2 25 | 21.0% | — | ||
| Q1 25 | 15.7% | — | ||
| Q4 24 | 16.5% | — | ||
| Q3 24 | 17.1% | -1.6% | ||
| Q2 24 | 18.7% | — | ||
| Q1 24 | 16.9% | — |
净利率WTSZKIN
| Q4 25 | 13.4% | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | 15.7% | — | ||
| Q1 25 | 13.3% | — | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 12.7% | -2.6% | ||
| Q2 24 | 13.7% | — | ||
| Q1 24 | 12.7% | — |
每股收益（稀释后）WTSZKIN
| Q4 25 | $2.50 | — | ||
| Q3 25 | $2.45 | — | ||
| Q2 25 | $3.01 | — | ||
| Q1 25 | $2.21 | — | ||
| Q4 24 | $2.02 | — | ||
| Q3 24 | $2.06 | $-0.57 | ||
| Q2 24 | $2.44 | — | ||
| Q1 24 | $2.17 | — |
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 | $405.5M | $4.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $28.2M |
| 总资产 | $2.9B | $80.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资WTSZKIN
| Q4 25 | $405.5M | — | ||
| Q3 25 | $457.7M | — | ||
| Q2 25 | $369.3M | — | ||
| Q1 25 | $336.8M | — | ||
| Q4 24 | $386.9M | — | ||
| Q3 24 | $303.9M | $4.1M | ||
| Q2 24 | $279.4M | — | ||
| Q1 24 | $237.1M | — |
股东权益WTSZKIN
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | $28.2M | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.6B | — |
总资产WTSZKIN
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | $80.0M | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.3B | — |
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 | $154.7M | $-6.9M |
| 自由现金流经营现金流 - 资本支出 | $140.3M | $-7.5M |
| 自由现金流率自由现金流/营收 | 22.4% | -6.9% |
| 资本支出强度资本支出/营收 | 2.3% | 0.6% |
| 现金转化率经营现金流/净利润 | 1.85× | — |
| 过去12个月自由现金流最近4个季度 | $356.3M | — |
8季度趋势，按日历期对齐
经营现金流WTSZKIN
| Q4 25 | $154.7M | — | ||
| Q3 25 | $122.4M | — | ||
| Q2 25 | $69.7M | — | ||
| Q1 25 | $55.2M | — | ||
| Q4 24 | $139.5M | — | ||
| Q3 24 | $90.7M | $-6.9M | ||
| Q2 24 | $85.3M | — | ||
| Q1 24 | $45.6M | — |
自由现金流WTSZKIN
| Q4 25 | $140.3M | — | ||
| Q3 25 | $110.9M | — | ||
| Q2 25 | $59.5M | — | ||
| Q1 25 | $45.6M | — | ||
| Q4 24 | $127.5M | — | ||
| Q3 24 | $84.3M | $-7.5M | ||
| Q2 24 | $78.5M | — | ||
| Q1 24 | $35.5M | — |
自由现金流率WTSZKIN
| Q4 25 | 22.4% | — | ||
| Q3 25 | 18.1% | — | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | 23.6% | — | ||
| Q3 24 | 15.5% | -6.9% | ||
| Q2 24 | 13.1% | — | ||
| Q1 24 | 6.2% | — |
资本支出强度WTSZKIN
| Q4 25 | 2.3% | — | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.2% | 0.6% | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 1.8% | — |
现金转化率WTSZKIN
| Q4 25 | 1.85× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 2.07× | — | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.04× | — | ||
| Q1 24 | 0.63× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
