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AAON, INC.（AAON）与A.O.史密斯（AOS）财务数据对比。点击上方公司名可切换其他公司
A.O.史密斯的季度营收约是AAON, INC.的2.2倍（$912.5M vs $424.2M）。A.O.史密斯净利率更高（13.7% vs 7.6%，领先6.2%）。AAON, INC.同比增速更快（42.5% vs 0.0%）。过去两年AAON, INC.的营收复合增速更高（27.2% vs -3.4%）
AAON公司是商用及工业领域暖通空调设备专业生产商，总部位于美国俄克拉荷马州塔尔萨市，在得克萨斯州朗维尤、密苏里州帕克维尔、俄勒冈州雷德蒙德设有生产基地，全球员工约4000人，年销售额超8.8亿美元。
A.O.史密斯是美国知名的家用及商用热水器、锅炉生产商，也是北美规模最大的热水器制造销售商，在亚洲市场还供应水处理和净化产品。公司在全球共有27个站点，包括北美5座生产基地，以及位于印度班加罗尔、中国南京、荷兰费尔德霍芬的工厂。
AAON vs AOS — 直观对比
营收规模更大
AOS
是对方的2.2倍
$424.2M
营收增速更快
AAON
高出42.5%
0.0%
净利率更高
AOS
高出6.2%
7.6%
两年增速更快
AAON
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $424.2M | $912.5M |
| 净利润 | $32.0M | $125.4M |
| 毛利率 | 25.9% | 38.4% |
| 营业利润率 | 10.4% | 17.9% |
| 净利率 | 7.6% | 13.7% |
| 营收同比 | 42.5% | 0.0% |
| 净利润同比 | 29.7% | 14.3% |
| 每股收益（稀释后） | $0.38 | $0.89 |
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AAONAOS
| Q4 25 | $424.2M | $912.5M | ||
| Q3 25 | $384.2M | $942.5M | ||
| Q2 25 | $311.6M | $1.0B | ||
| Q1 25 | $322.1M | $963.9M | ||
| Q4 24 | $297.7M | $912.4M | ||
| Q3 24 | $327.3M | $902.6M | ||
| Q2 24 | $313.6M | $1.0B | ||
| Q1 24 | $262.1M | $978.8M |
净利润AAONAOS
| Q4 25 | $32.0M | $125.4M | ||
| Q3 25 | $30.8M | $132.0M | ||
| Q2 25 | $15.5M | $152.2M | ||
| Q1 25 | $29.3M | $136.6M | ||
| Q4 24 | $24.7M | $109.7M | ||
| Q3 24 | $52.6M | $120.1M | ||
| Q2 24 | $52.2M | $156.2M | ||
| Q1 24 | $39.0M | $147.6M |
毛利率AAONAOS
| Q4 25 | 25.9% | 38.4% | ||
| Q3 25 | 27.8% | 38.7% | ||
| Q2 25 | 26.6% | 39.3% | ||
| Q1 25 | 26.8% | 38.9% | ||
| Q4 24 | 26.1% | 37.1% | ||
| Q3 24 | 34.9% | 37.4% | ||
| Q2 24 | 36.1% | 38.7% | ||
| Q1 24 | 35.2% | 39.3% |
营业利润率AAONAOS
| Q4 25 | 10.4% | 17.9% | ||
| Q3 25 | 11.3% | 18.6% | ||
| Q2 25 | 7.6% | 20.4% | ||
| Q1 25 | 10.9% | 19.1% | ||
| Q4 24 | 9.9% | 10.1% | ||
| Q3 24 | 20.0% | 19.5% | ||
| Q2 24 | 21.4% | 21.9% | ||
| Q1 24 | 17.9% | 22.0% |
净利率AAONAOS
| Q4 25 | 7.6% | 13.7% | ||
| Q3 25 | 8.0% | 14.0% | ||
| Q2 25 | 5.0% | 15.0% | ||
| Q1 25 | 9.1% | 14.2% | ||
| Q4 24 | 8.3% | 12.0% | ||
| Q3 24 | 16.1% | 13.3% | ||
| Q2 24 | 16.7% | 15.2% | ||
| Q1 24 | 14.9% | 15.1% |
每股收益（稀释后）AAONAOS
| Q4 25 | $0.38 | $0.89 | ||
| Q3 25 | $0.37 | $0.94 | ||
| Q2 25 | $0.19 | $1.07 | ||
| Q1 25 | $0.35 | $0.95 | ||
| Q4 24 | $0.31 | $0.75 | ||
| Q3 24 | $0.63 | $0.82 | ||
| Q2 24 | $0.62 | $1.06 | ||
| Q1 24 | $0.46 | $1.00 |
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 | $13.0K | $193.2M |
| 总债务越低越好 | — | $155.0M |
| 股东权益账面价值 | $895.0M | $1.9B |
| 总资产 | $1.7B | $3.1B |
| 负债/权益比越低杠杆越低 | — | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资AAONAOS
| Q4 25 | $13.0K | $193.2M | ||
| Q3 25 | $1.0M | $172.8M | ||
| Q2 25 | $14.0K | $177.9M | ||
| Q1 25 | $994.0K | $200.2M | ||
| Q4 24 | $14.0K | $276.1M | ||
| Q3 24 | $15.0K | $255.6M | ||
| Q2 24 | $13.0K | $233.3M | ||
| Q1 24 | $8.4M | $303.1M |
总债务AAONAOS
| Q4 25 | — | $155.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $193.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AAONAOS
| Q4 25 | $895.0M | $1.9B | ||
| Q3 25 | $863.1M | $1.8B | ||
| Q2 25 | $832.7M | $1.8B | ||
| Q1 25 | $815.9M | $1.9B | ||
| Q4 24 | $824.6M | $1.9B | ||
| Q3 24 | $796.9M | $1.9B | ||
| Q2 24 | $740.5M | $1.9B | ||
| Q1 24 | $784.8M | $1.9B |
总资产AAONAOS
| Q4 25 | $1.7B | $3.1B | ||
| Q3 25 | $1.5B | $3.2B | ||
| Q2 25 | $1.4B | $3.2B | ||
| Q1 25 | $1.3B | $3.3B | ||
| Q4 24 | $1.2B | $3.2B | ||
| Q3 24 | $1.0B | $3.2B | ||
| Q2 24 | $1.0B | $3.2B | ||
| Q1 24 | $952.9M | $3.2B |
负债/权益比AAONAOS
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.10× | ||
| 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 | $19.3M | $183.1M |
| 自由现金流经营现金流 - 资本支出 | — | $165.5M |
| 自由现金流率自由现金流/营收 | — | 18.1% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 现金转化率经营现金流/净利润 | 0.60× | 1.46× |
| 过去12个月自由现金流最近4个季度 | — | $546.0M |
8季度趋势，按日历期对齐
经营现金流AAONAOS
| Q4 25 | $19.3M | $183.1M | ||
| Q3 25 | $12.3M | $255.4M | ||
| Q2 25 | $-21.8M | $139.6M | ||
| Q1 25 | $-9.2M | $38.7M | ||
| Q4 24 | $845.0K | $221.9M | ||
| Q3 24 | $63.8M | $195.9M | ||
| Q2 24 | $35.5M | $57.4M | ||
| Q1 24 | $92.4M | $106.6M |
自由现金流AAONAOS
| Q4 25 | — | $165.5M | ||
| Q3 25 | — | $240.6M | ||
| Q2 25 | — | $122.5M | ||
| Q1 25 | — | $17.4M | ||
| Q4 24 | — | $191.3M | ||
| Q3 24 | — | $163.4M | ||
| Q2 24 | — | $34.5M | ||
| Q1 24 | — | $84.6M |
自由现金流率AAONAOS
| Q4 25 | — | 18.1% | ||
| Q3 25 | — | 25.5% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 21.0% | ||
| Q3 24 | — | 18.1% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 8.6% |
资本支出强度AAONAOS
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 2.2% |
现金转化率AAONAOS
| Q4 25 | 0.60× | 1.46× | ||
| Q3 25 | 0.40× | 1.93× | ||
| Q2 25 | -1.41× | 0.92× | ||
| Q1 25 | -0.31× | 0.28× | ||
| Q4 24 | 0.03× | 2.02× | ||
| Q3 24 | 1.21× | 1.63× | ||
| Q2 24 | 0.68× | 0.37× | ||
| Q1 24 | 2.37× | 0.72× |
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
AAON
| AAON Oklahoma | $215.5M | 51% |
| Bas X | $106.1M | 25% |
| AAON Coil Products | $102.6M | 24% |
AOS
| North America Segment | $713.7M | 78% |
| Rest Of World | $158.3M | 17% |
| Other | $40.5M | 4% |
