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Arcosa, Inc.（ACA）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Arcosa, Inc.的1.3倍（$912.5M vs $716.7M）。A.O.史密斯净利率更高（13.7% vs 7.3%，领先6.5%）。Arcosa, Inc.同比增速更快（7.6% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $55.8M）。过去两年Arcosa, Inc.的营收复合增速更高（9.4% vs -3.4%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
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。
ACA vs AOS — 直观对比
营收规模更大
AOS
是对方的1.3倍
$716.7M
营收增速更快
ACA
高出7.6%
0.0%
净利率更高
AOS
高出6.5%
7.3%
自由现金流更多
AOS
多$109.7M
$55.8M
两年增速更快
ACA
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $912.5M |
| 净利润 | $52.1M | $125.4M |
| 毛利率 | 22.9% | 38.4% |
| 营业利润率 | 11.0% | 17.9% |
| 净利率 | 7.3% | 13.7% |
| 营收同比 | 7.6% | 0.0% |
| 净利润同比 | 776.6% | 14.3% |
| 每股收益（稀释后） | $1.06 | $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ACAAOS
| Q4 25 | $716.7M | $912.5M | ||
| Q3 25 | $797.8M | $942.5M | ||
| Q2 25 | $736.9M | $1.0B | ||
| Q1 25 | $632.0M | $963.9M | ||
| Q4 24 | $666.2M | $912.4M | ||
| Q3 24 | $640.4M | $902.6M | ||
| Q2 24 | $664.7M | $1.0B | ||
| Q1 24 | $598.6M | $978.8M |
净利润ACAAOS
| Q4 25 | $52.1M | $125.4M | ||
| Q3 25 | $73.0M | $132.0M | ||
| Q2 25 | $59.7M | $152.2M | ||
| Q1 25 | $23.6M | $136.6M | ||
| Q4 24 | $-7.7M | $109.7M | ||
| Q3 24 | $16.6M | $120.1M | ||
| Q2 24 | $45.6M | $156.2M | ||
| Q1 24 | $39.2M | $147.6M |
毛利率ACAAOS
| Q4 25 | 22.9% | 38.4% | ||
| Q3 25 | 24.1% | 38.7% | ||
| Q2 25 | 22.5% | 39.3% | ||
| Q1 25 | 19.8% | 38.9% | ||
| Q4 24 | 19.3% | 37.1% | ||
| Q3 24 | 21.3% | 37.4% | ||
| Q2 24 | 20.8% | 38.7% | ||
| Q1 24 | 18.6% | 39.3% |
营业利润率ACAAOS
| Q4 25 | 11.0% | 17.9% | ||
| Q3 25 | 14.1% | 18.6% | ||
| Q2 25 | 12.9% | 20.4% | ||
| Q1 25 | 8.8% | 19.1% | ||
| Q4 24 | 6.5% | 10.1% | ||
| Q3 24 | 5.3% | 19.5% | ||
| Q2 24 | 10.1% | 21.9% | ||
| Q1 24 | 8.9% | 22.0% |
净利率ACAAOS
| Q4 25 | 7.3% | 13.7% | ||
| Q3 25 | 9.2% | 14.0% | ||
| Q2 25 | 8.1% | 15.0% | ||
| Q1 25 | 3.7% | 14.2% | ||
| Q4 24 | -1.2% | 12.0% | ||
| Q3 24 | 2.6% | 13.3% | ||
| Q2 24 | 6.9% | 15.2% | ||
| Q1 24 | 6.5% | 15.1% |
每股收益（稀释后）ACAAOS
| Q4 25 | $1.06 | $0.89 | ||
| Q3 25 | $1.48 | $0.94 | ||
| Q2 25 | $1.22 | $1.07 | ||
| Q1 25 | $0.48 | $0.95 | ||
| Q4 24 | $-0.16 | $0.75 | ||
| Q3 24 | $0.34 | $0.82 | ||
| Q2 24 | $0.93 | $1.06 | ||
| Q1 24 | $0.80 | $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 | $214.6M | $193.2M |
| 总债务越低越好 | $1.5B | $155.0M |
| 股东权益账面价值 | $2.6B | $1.9B |
| 总资产 | $5.0B | $3.1B |
| 负债/权益比越低杠杆越低 | 0.57× | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资ACAAOS
| Q4 25 | $214.6M | $193.2M | ||
| Q3 25 | $220.0M | $172.8M | ||
| Q2 25 | $189.7M | $177.9M | ||
| Q1 25 | $167.9M | $200.2M | ||
| Q4 24 | $187.3M | $276.1M | ||
| Q3 24 | $756.8M | $255.6M | ||
| Q2 24 | $103.7M | $233.3M | ||
| Q1 24 | $176.5M | $303.1M |
总债务ACAAOS
| Q4 25 | $1.5B | $155.0M | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $193.2M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $699.9M | — | ||
| Q1 24 | $600.6M | — |
股东权益ACAAOS
| Q4 25 | $2.6B | $1.9B | ||
| Q3 25 | $2.6B | $1.8B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.5B | $1.9B | ||
| Q4 24 | $2.4B | $1.9B | ||
| Q3 24 | $2.4B | $1.9B | ||
| Q2 24 | $2.4B | $1.9B | ||
| Q1 24 | $2.4B | $1.9B |
总资产ACAAOS
| Q4 25 | $5.0B | $3.1B | ||
| Q3 25 | $5.1B | $3.2B | ||
| Q2 25 | $5.0B | $3.2B | ||
| Q1 25 | $4.9B | $3.3B | ||
| Q4 24 | $4.9B | $3.2B | ||
| Q3 24 | $4.4B | $3.2B | ||
| Q2 24 | $3.8B | $3.2B | ||
| Q1 24 | $3.7B | $3.2B |
负债/权益比ACAAOS
| Q4 25 | 0.57× | 0.08× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.69× | 0.10× | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.25× | — |
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 | $120.0M | $183.1M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $165.5M |
| 自由现金流率自由现金流/营收 | 7.8% | 18.1% |
| 资本支出强度资本支出/营收 | 9.0% | 1.9% |
| 现金转化率经营现金流/净利润 | 2.30× | 1.46× |
| 过去12个月自由现金流最近4个季度 | $175.5M | $546.0M |
8季度趋势，按日历期对齐
经营现金流ACAAOS
| Q4 25 | $120.0M | $183.1M | ||
| Q3 25 | $160.6M | $255.4M | ||
| Q2 25 | $61.2M | $139.6M | ||
| Q1 25 | $-700.0K | $38.7M | ||
| Q4 24 | $248.2M | $221.9M | ||
| Q3 24 | $135.0M | $195.9M | ||
| Q2 24 | $38.3M | $57.4M | ||
| Q1 24 | $80.5M | $106.6M |
自由现金流ACAAOS
| Q4 25 | $55.8M | $165.5M | ||
| Q3 25 | $121.0M | $240.6M | ||
| Q2 25 | $33.4M | $122.5M | ||
| Q1 25 | $-34.7M | $17.4M | ||
| Q4 24 | $194.9M | $191.3M | ||
| Q3 24 | $100.6M | $163.4M | ||
| Q2 24 | $-9.3M | $34.5M | ||
| Q1 24 | $26.1M | $84.6M |
自由现金流率ACAAOS
| Q4 25 | 7.8% | 18.1% | ||
| Q3 25 | 15.2% | 25.5% | ||
| Q2 25 | 4.5% | 12.1% | ||
| Q1 25 | -5.5% | 1.8% | ||
| Q4 24 | 29.3% | 21.0% | ||
| Q3 24 | 15.7% | 18.1% | ||
| Q2 24 | -1.4% | 3.4% | ||
| Q1 24 | 4.4% | 8.6% |
资本支出强度ACAAOS
| Q4 25 | 9.0% | 1.9% | ||
| Q3 25 | 5.0% | 1.6% | ||
| Q2 25 | 3.8% | 1.7% | ||
| Q1 25 | 5.4% | 2.2% | ||
| Q4 24 | 8.0% | 3.4% | ||
| Q3 24 | 5.4% | 3.6% | ||
| Q2 24 | 7.2% | 2.2% | ||
| Q1 24 | 9.1% | 2.2% |
现金转化率ACAAOS
| Q4 25 | 2.30× | 1.46× | ||
| Q3 25 | 2.20× | 1.93× | ||
| Q2 25 | 1.03× | 0.92× | ||
| Q1 25 | -0.03× | 0.28× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | 8.13× | 1.63× | ||
| Q2 24 | 0.84× | 0.37× | ||
| Q1 24 | 2.05× | 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
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
AOS
| North America Segment | $713.7M | 78% |
| Rest Of World | $158.3M | 17% |
| Other | $40.5M | 4% |
