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AAON, INC.（AAON）与亚什兰（ASH）财务数据对比。点击上方公司名可切换其他公司
AAON, INC.的季度营收约是亚什兰的1.1倍（$424.2M vs $386.0M），AAON, INC.净利率更高（7.6% vs -3.1%，领先10.7%），AAON, INC.同比增速更快（42.5% vs -4.7%），过去两年AAON, INC.的营收复合增速更高（27.2% vs -18.1%）
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。
亚什兰是一家总部位于美国特拉华州威尔明顿的化工企业，1924年始创于肯塔基州亚什兰市，最初以炼油业务起家，1994年迁至现总部。公司拥有多个业务板块，覆盖化工中间体与溶剂、复合材料、工业特种化学品、个人及家居护理、制药、食品饮料以及农业相关领域，2017年之前曾是胜牌润滑油的主要生产商。
AAON vs ASH — 直观对比
营收规模更大
AAON
是对方的1.1倍
$386.0M
营收增速更快
AAON
高出47.2%
-4.7%
净利率更高
AAON
高出10.7%
-3.1%
两年增速更快
AAON
近两年复合增速
-18.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $424.2M | $386.0M |
| 净利润 | $32.0M | $-12.0M |
| 毛利率 | 25.9% | 27.2% |
| 营业利润率 | 10.4% | -1.6% |
| 净利率 | 7.6% | -3.1% |
| 营收同比 | 42.5% | -4.7% |
| 净利润同比 | 29.7% | 92.7% |
| 每股收益（稀释后） | $0.38 | $-0.26 |
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AAONASH
| Q4 25 | $424.2M | $386.0M | ||
| Q3 25 | $384.2M | $477.0M | ||
| Q2 25 | $311.6M | $463.0M | ||
| Q1 25 | $322.1M | $479.0M | ||
| Q4 24 | $297.7M | $405.0M | ||
| Q3 24 | $327.3M | $521.0M | ||
| Q2 24 | $313.6M | $544.0M | ||
| Q1 24 | $262.1M | $575.0M |
净利润AAONASH
| Q4 25 | $32.0M | $-12.0M | ||
| Q3 25 | $30.8M | $31.0M | ||
| Q2 25 | $15.5M | $-742.0M | ||
| Q1 25 | $29.3M | $31.0M | ||
| Q4 24 | $24.7M | $-165.0M | ||
| Q3 24 | $52.6M | $17.0M | ||
| Q2 24 | $52.2M | $6.0M | ||
| Q1 24 | $39.0M | $120.0M |
毛利率AAONASH
| Q4 25 | 25.9% | 27.2% | ||
| Q3 25 | 27.8% | 33.3% | ||
| Q2 25 | 26.6% | 28.5% | ||
| Q1 25 | 26.8% | 30.7% | ||
| Q4 24 | 26.1% | 27.4% | ||
| Q3 24 | 34.9% | 33.2% | ||
| Q2 24 | 36.1% | 34.2% | ||
| Q1 24 | 35.2% | 28.0% |
营业利润率AAONASH
| Q4 25 | 10.4% | -1.6% | ||
| Q3 25 | 11.3% | 12.8% | ||
| Q2 25 | 7.6% | -152.9% | ||
| Q1 25 | 10.9% | 10.6% | ||
| Q4 24 | 9.9% | -44.2% | ||
| Q3 24 | 20.0% | 6.1% | ||
| Q2 24 | 21.4% | -11.2% | ||
| Q1 24 | 17.9% | 3.7% |
净利率AAONASH
| Q4 25 | 7.6% | -3.1% | ||
| Q3 25 | 8.0% | 6.5% | ||
| Q2 25 | 5.0% | -160.3% | ||
| Q1 25 | 9.1% | 6.5% | ||
| Q4 24 | 8.3% | -40.7% | ||
| Q3 24 | 16.1% | 3.3% | ||
| Q2 24 | 16.7% | 1.1% | ||
| Q1 24 | 14.9% | 20.9% |
每股收益（稀释后）AAONASH
| Q4 25 | $0.38 | $-0.26 | ||
| Q3 25 | $0.37 | $0.83 | ||
| Q2 25 | $0.19 | $-16.21 | ||
| Q1 25 | $0.35 | $0.65 | ||
| Q4 24 | $0.31 | $-3.50 | ||
| Q3 24 | $0.63 | $0.34 | ||
| Q2 24 | $0.62 | $0.12 | ||
| Q1 24 | $0.46 | $2.39 |
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 | $304.0M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $895.0M | $1.9B |
| 总资产 | $1.7B | $4.5B |
| 负债/权益比越低杠杆越低 | — | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资AAONASH
| Q4 25 | $13.0K | $304.0M | ||
| Q3 25 | $1.0M | $215.0M | ||
| Q2 25 | $14.0K | $207.0M | ||
| Q1 25 | $994.0K | $168.0M | ||
| Q4 24 | $14.0K | $219.0M | ||
| Q3 24 | $15.0K | $300.0M | ||
| Q2 24 | $13.0K | $399.0M | ||
| Q1 24 | $8.4M | $439.0M |
总债务AAONASH
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
股东权益AAONASH
| Q4 25 | $895.0M | $1.9B | ||
| Q3 25 | $863.1M | $1.9B | ||
| Q2 25 | $832.7M | $1.9B | ||
| Q1 25 | $815.9M | $2.6B | ||
| Q4 24 | $824.6M | $2.6B | ||
| Q3 24 | $796.9M | $2.9B | ||
| Q2 24 | $740.5M | $3.0B | ||
| Q1 24 | $784.8M | $3.1B |
总资产AAONASH
| Q4 25 | $1.7B | $4.5B | ||
| Q3 25 | $1.5B | $4.6B | ||
| Q2 25 | $1.4B | $4.6B | ||
| Q1 25 | $1.3B | $5.2B | ||
| Q4 24 | $1.2B | $5.2B | ||
| Q3 24 | $1.0B | $5.6B | ||
| Q2 24 | $1.0B | $5.7B | ||
| Q1 24 | $952.9M | $5.9B |
负债/权益比AAONASH
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.45× | ||
| Q1 24 | — | 0.42× |
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 | $125.0M |
| 自由现金流经营现金流 - 资本支出 | — | $111.0M |
| 自由现金流率自由现金流/营收 | — | 28.8% |
| 资本支出强度资本支出/营收 | — | 3.6% |
| 现金转化率经营现金流/净利润 | 0.60× | — |
| 过去12个月自由现金流最近4个季度 | — | $200.0M |
8季度趋势，按日历期对齐
经营现金流AAONASH
| Q4 25 | $19.3M | $125.0M | ||
| Q3 25 | $12.3M | $40.0M | ||
| Q2 25 | $-21.8M | $115.0M | ||
| Q1 25 | $-9.2M | $9.0M | ||
| Q4 24 | $845.0K | $-30.0M | ||
| Q3 24 | $63.8M | $80.0M | ||
| Q2 24 | $35.5M | $127.0M | ||
| Q1 24 | $92.4M | $54.0M |
自由现金流AAONASH
| Q4 25 | — | $111.0M | ||
| Q3 25 | — | $6.0M | ||
| Q2 25 | — | $95.0M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | $-53.0M | ||
| Q3 24 | — | $42.0M | ||
| Q2 24 | — | $98.0M | ||
| Q1 24 | — | $20.0M |
自由现金流率AAONASH
| Q4 25 | — | 28.8% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | -13.1% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 18.0% | ||
| Q1 24 | — | 3.5% |
资本支出强度AAONASH
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 7.1% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 5.3% | ||
| Q1 24 | — | 5.9% |
现金转化率AAONASH
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.40× | 1.29× | ||
| Q2 25 | -1.41× | — | ||
| Q1 25 | -0.31× | 0.29× | ||
| Q4 24 | 0.03× | — | ||
| Q3 24 | 1.21× | 4.71× | ||
| Q2 24 | 0.68× | 21.17× | ||
| Q1 24 | 2.37× | 0.45× |
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% |
ASH
| Personal Care And Household | $123.0M | 32% |
| Other | $120.0M | 31% |
| Specialty Additives | $36.0M | 9% |
| Intermediates And Solvents | $31.0M | 8% |
| Personal Care | $30.0M | 8% |
| Life Sciences | $27.0M | 7% |
| Intermediates | $19.0M | 5% |
