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AAON, INC.（AAON）与南玻集团（CSGS）财务数据对比。点击上方公司名可切换其他公司
AAON, INC.的季度营收约是南玻集团的1.3倍（$424.2M vs $323.1M），AAON, INC.净利率更高（7.6% vs 2.2%，领先5.4%），AAON, INC.同比增速更快（42.5% vs 2.0%），过去两年AAON, INC.的营收复合增速更高（27.2% vs 4.6%）
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。
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
AAON vs CSGS — 直观对比
营收规模更大
AAON
是对方的1.3倍
$323.1M
营收增速更快
AAON
高出40.5%
2.0%
净利率更高
AAON
高出5.4%
2.2%
两年增速更快
AAON
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $424.2M | $323.1M |
| 净利润 | $32.0M | $7.0M |
| 毛利率 | 25.9% | 50.0% |
| 营业利润率 | 10.4% | 9.0% |
| 净利率 | 7.6% | 2.2% |
| 营收同比 | 42.5% | 2.0% |
| 净利润同比 | 29.7% | -79.7% |
| 每股收益（稀释后） | $0.38 | $0.24 |
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AAONCSGS
| Q4 25 | $424.2M | $323.1M | ||
| Q3 25 | $384.2M | $303.6M | ||
| Q2 25 | $311.6M | $297.1M | ||
| Q1 25 | $322.1M | $299.5M | ||
| Q4 24 | $297.7M | $316.7M | ||
| Q3 24 | $327.3M | $295.1M | ||
| Q2 24 | $313.6M | $290.3M | ||
| Q1 24 | $262.1M | $295.1M |
净利润AAONCSGS
| Q4 25 | $32.0M | $7.0M | ||
| Q3 25 | $30.8M | $20.5M | ||
| Q2 25 | $15.5M | $12.3M | ||
| Q1 25 | $29.3M | $16.1M | ||
| Q4 24 | $24.7M | $34.5M | ||
| Q3 24 | $52.6M | $19.1M | ||
| Q2 24 | $52.2M | $13.8M | ||
| Q1 24 | $39.0M | $19.5M |
毛利率AAONCSGS
| Q4 25 | 25.9% | 50.0% | ||
| Q3 25 | 27.8% | 48.1% | ||
| Q2 25 | 26.6% | 49.5% | ||
| Q1 25 | 26.8% | 48.4% | ||
| Q4 24 | 26.1% | 51.3% | ||
| Q3 24 | 34.9% | 49.4% | ||
| Q2 24 | 36.1% | 47.3% | ||
| Q1 24 | 35.2% | 46.5% |
营业利润率AAONCSGS
| Q4 25 | 10.4% | 9.0% | ||
| Q3 25 | 11.3% | 10.0% | ||
| Q2 25 | 7.6% | 10.0% | ||
| Q1 25 | 10.9% | 9.8% | ||
| Q4 24 | 9.9% | 13.4% | ||
| Q3 24 | 20.0% | 10.8% | ||
| Q2 24 | 21.4% | 8.8% | ||
| Q1 24 | 17.9% | 10.8% |
净利率AAONCSGS
| Q4 25 | 7.6% | 2.2% | ||
| Q3 25 | 8.0% | 6.7% | ||
| Q2 25 | 5.0% | 4.1% | ||
| Q1 25 | 9.1% | 5.4% | ||
| Q4 24 | 8.3% | 10.9% | ||
| Q3 24 | 16.1% | 6.5% | ||
| Q2 24 | 16.7% | 4.8% | ||
| Q1 24 | 14.9% | 6.6% |
每股收益（稀释后）AAONCSGS
| Q4 25 | $0.38 | $0.24 | ||
| Q3 25 | $0.37 | $0.73 | ||
| Q2 25 | $0.19 | $0.44 | ||
| Q1 25 | $0.35 | $0.57 | ||
| Q4 24 | $0.31 | $1.20 | ||
| Q3 24 | $0.63 | $0.67 | ||
| Q2 24 | $0.62 | $0.48 | ||
| Q1 24 | $0.46 | $0.68 |
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 | $180.0M |
| 总债务越低越好 | — | $539.5M |
| 股东权益账面价值 | $895.0M | $283.7M |
| 总资产 | $1.7B | $1.5B |
| 负债/权益比越低杠杆越低 | — | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资AAONCSGS
| Q4 25 | $13.0K | $180.0M | ||
| Q3 25 | $1.0M | $158.4M | ||
| Q2 25 | $14.0K | $145.9M | ||
| Q1 25 | $994.0K | $136.0M | ||
| Q4 24 | $14.0K | $161.8M | ||
| Q3 24 | $15.0K | $118.4M | ||
| Q2 24 | $13.0K | $110.4M | ||
| Q1 24 | $8.4M | $120.8M |
总债务AAONCSGS
| Q4 25 | — | $539.5M | ||
| Q3 25 | — | $538.6M | ||
| Q2 25 | — | $537.8M | ||
| Q1 25 | — | $537.6M | ||
| Q4 24 | — | $538.5M | ||
| Q3 24 | — | $539.5M | ||
| Q2 24 | — | $540.5M | ||
| Q1 24 | — | $541.5M |
股东权益AAONCSGS
| Q4 25 | $895.0M | $283.7M | ||
| Q3 25 | $863.1M | $289.5M | ||
| Q2 25 | $832.7M | $290.7M | ||
| Q1 25 | $815.9M | $283.1M | ||
| Q4 24 | $824.6M | $282.6M | ||
| Q3 24 | $796.9M | $288.4M | ||
| Q2 24 | $740.5M | $273.3M | ||
| Q1 24 | $784.8M | $269.3M |
总资产AAONCSGS
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $1.0B | $1.4B | ||
| Q1 24 | $952.9M | $1.3B |
负债/权益比AAONCSGS
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.86× | ||
| Q2 25 | — | 1.85× | ||
| Q1 25 | — | 1.90× | ||
| Q4 24 | — | 1.91× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.98× | ||
| Q1 24 | — | 2.01× |
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 | $59.2M |
| 自由现金流经营现金流 - 资本支出 | — | $55.8M |
| 自由现金流率自由现金流/营收 | — | 17.3% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 0.60× | 8.46× |
| 过去12个月自由现金流最近4个季度 | — | $141.4M |
8季度趋势，按日历期对齐
经营现金流AAONCSGS
| Q4 25 | $19.3M | $59.2M | ||
| Q3 25 | $12.3M | $47.9M | ||
| Q2 25 | $-21.8M | $37.3M | ||
| Q1 25 | $-9.2M | $11.5M | ||
| Q4 24 | $845.0K | $82.5M | ||
| Q3 24 | $63.8M | $39.5M | ||
| Q2 24 | $35.5M | $43.1M | ||
| Q1 24 | $92.4M | $-29.4M |
自由现金流AAONCSGS
| Q4 25 | — | $55.8M | ||
| Q3 25 | — | $43.9M | ||
| Q2 25 | — | $34.6M | ||
| Q1 25 | — | $7.1M | ||
| Q4 24 | — | $76.6M | ||
| Q3 24 | — | $32.0M | ||
| Q2 24 | — | $38.8M | ||
| Q1 24 | — | $-34.1M |
自由现金流率AAONCSGS
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 11.6% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 13.4% | ||
| Q1 24 | — | -11.6% |
资本支出强度AAONCSGS
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.6% |
现金转化率AAONCSGS
| Q4 25 | 0.60× | 8.46× | ||
| Q3 25 | 0.40× | 2.34× | ||
| Q2 25 | -1.41× | 3.04× | ||
| Q1 25 | -0.31× | 0.71× | ||
| Q4 24 | 0.03× | 2.39× | ||
| Q3 24 | 1.21× | 2.07× | ||
| Q2 24 | 0.68× | 3.12× | ||
| Q1 24 | 2.37× | -1.51× |
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% |
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
