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AAON, INC.（AAON）与VEEVA SYSTEMS INC（VEEV）财务数据对比。点击上方公司名可切换其他公司
VEEVA SYSTEMS INC的季度营收约是AAON, INC.的1.9倍（$811.2M vs $424.2M），VEEVA SYSTEMS INC净利率更高（29.1% vs 7.6%，领先21.6%），AAON, INC.同比增速更快（42.5% vs 16.0%），过去两年AAON, INC.的营收复合增速更高（27.2% vs 13.4%）
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。
Veeva Systems Inc总部位于美国加利福尼亚州普莱森顿，是一家公益类上市企业，专注为生命科学行业提供云软件、数据服务及商业咨询，旗下产品可实现数据管理、监管注册跟踪、供应链全流程监督等多项功能。
AAON vs VEEV — 直观对比
营收规模更大
VEEV
是对方的1.9倍
$424.2M
营收增速更快
AAON
高出26.5%
16.0%
净利率更高
VEEV
高出21.6%
7.6%
两年增速更快
AAON
近两年复合增速
13.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $424.2M | $811.2M |
| 净利润 | $32.0M | $236.2M |
| 毛利率 | 25.9% | 75.4% |
| 营业利润率 | 10.4% | 29.7% |
| 净利率 | 7.6% | 29.1% |
| 营收同比 | 42.5% | 16.0% |
| 净利润同比 | 29.7% | 27.1% |
| 每股收益（稀释后） | $0.38 | $1.40 |
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AAONVEEV
| Q4 25 | $424.2M | $811.2M | ||
| Q3 25 | $384.2M | $789.1M | ||
| Q2 25 | $311.6M | $759.0M | ||
| Q1 25 | $322.1M | $720.9M | ||
| Q4 24 | $297.7M | $699.2M | ||
| Q3 24 | $327.3M | $676.2M | ||
| Q2 24 | $313.6M | $650.3M | ||
| Q1 24 | $262.1M | $630.6M |
净利润AAONVEEV
| Q4 25 | $32.0M | $236.2M | ||
| Q3 25 | $30.8M | $200.3M | ||
| Q2 25 | $15.5M | $228.2M | ||
| Q1 25 | $29.3M | $195.6M | ||
| Q4 24 | $24.7M | $185.8M | ||
| Q3 24 | $52.6M | $171.0M | ||
| Q2 24 | $52.2M | $161.7M | ||
| Q1 24 | $39.0M | $147.4M |
毛利率AAONVEEV
| Q4 25 | 25.9% | 75.4% | ||
| Q3 25 | 27.8% | 75.3% | ||
| Q2 25 | 26.6% | 77.1% | ||
| Q1 25 | 26.8% | 74.9% | ||
| Q4 24 | 26.1% | 75.1% | ||
| Q3 24 | 34.9% | 74.8% | ||
| Q2 24 | 36.1% | 73.3% | ||
| Q1 24 | 35.2% | 72.4% |
营业利润率AAONVEEV
| Q4 25 | 10.4% | 29.7% | ||
| Q3 25 | 11.3% | 24.8% | ||
| Q2 25 | 7.6% | 30.8% | ||
| Q1 25 | 10.9% | 26.1% | ||
| Q4 24 | 9.9% | 25.9% | ||
| Q3 24 | 20.0% | 24.6% | ||
| Q2 24 | 21.4% | 23.9% | ||
| Q1 24 | 17.9% | 21.4% |
净利率AAONVEEV
| Q4 25 | 7.6% | 29.1% | ||
| Q3 25 | 8.0% | 25.4% | ||
| Q2 25 | 5.0% | 30.1% | ||
| Q1 25 | 9.1% | 27.1% | ||
| Q4 24 | 8.3% | 26.6% | ||
| Q3 24 | 16.1% | 25.3% | ||
| Q2 24 | 16.7% | 24.9% | ||
| Q1 24 | 14.9% | 23.4% |
每股收益（稀释后）AAONVEEV
| Q4 25 | $0.38 | $1.40 | ||
| Q3 25 | $0.37 | $1.19 | ||
| Q2 25 | $0.19 | $1.37 | ||
| Q1 25 | $0.35 | $1.17 | ||
| Q4 24 | $0.31 | $1.13 | ||
| Q3 24 | $0.63 | $1.04 | ||
| Q2 24 | $0.62 | $0.98 | ||
| Q1 24 | $0.46 | $0.90 |
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 | $1.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $895.0M | $7.0B |
| 总资产 | $1.7B | $8.1B |
| 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AAONVEEV
| Q4 25 | $13.0K | $1.7B | ||
| Q3 25 | $1.0M | $1.9B | ||
| Q2 25 | $14.0K | $2.0B | ||
| Q1 25 | $994.0K | $1.1B | ||
| Q4 24 | $14.0K | $1.0B | ||
| Q3 24 | $15.0K | $1.2B | ||
| Q2 24 | $13.0K | $1.2B | ||
| Q1 24 | $8.4M | $703.5M |
股东权益AAONVEEV
| Q4 25 | $895.0M | $7.0B | ||
| Q3 25 | $863.1M | $6.6B | ||
| Q2 25 | $832.7M | $6.2B | ||
| Q1 25 | $815.9M | $5.8B | ||
| Q4 24 | $824.6M | $5.5B | ||
| Q3 24 | $796.9M | $5.2B | ||
| Q2 24 | $740.5M | $4.9B | ||
| Q1 24 | $784.8M | $4.6B |
总资产AAONVEEV
| Q4 25 | $1.7B | $8.1B | ||
| Q3 25 | $1.5B | $8.0B | ||
| Q2 25 | $1.4B | $7.8B | ||
| Q1 25 | $1.3B | $7.3B | ||
| Q4 24 | $1.2B | $6.5B | ||
| Q3 24 | $1.0B | $6.3B | ||
| Q2 24 | $1.0B | $6.2B | ||
| Q1 24 | $952.9M | $5.9B |
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 | $192.8M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.60× | 0.82× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AAONVEEV
| Q4 25 | $19.3M | $192.8M | ||
| Q3 25 | $12.3M | $238.4M | ||
| Q2 25 | $-21.8M | $877.2M | ||
| Q1 25 | $-9.2M | $69.5M | ||
| Q4 24 | $845.0K | $164.1M | ||
| Q3 24 | $63.8M | $92.9M | ||
| Q2 24 | $35.5M | $763.5M | ||
| Q1 24 | $92.4M | $57.8M |
现金转化率AAONVEEV
| Q4 25 | 0.60× | 0.82× | ||
| Q3 25 | 0.40× | 1.19× | ||
| Q2 25 | -1.41× | 3.84× | ||
| Q1 25 | -0.31× | 0.36× | ||
| Q4 24 | 0.03× | 0.88× | ||
| Q3 24 | 1.21× | 0.54× | ||
| Q2 24 | 0.68× | 4.72× | ||
| Q1 24 | 2.37× | 0.39× |
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% |
VEEV
| Subscription Services Veeva Research And Development | $364.8M | 45% |
| Subscription Services Veeva Commercial Cloud | $317.6M | 39% |
| Professional Services Veeva Research And Development | $81.3M | 10% |
| Professional Services Veeva Commercial Cloud | $47.5M | 6% |
