vs
ACV Auctions Inc.（ACVA）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ACV Auctions Inc.的5.0倍（$912.5M vs $183.6M）。ACV Auctions Inc.同比增速更快（15.1% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $-14.7M）。过去两年ACV Auctions Inc.的营收复合增速更高（12.3% vs -3.4%）
ACV Auctions Inc.是北美领先的数字化二手车批发拍卖平台，主要服务美加两地汽车经销商，提供车辆透明检测、安全支付、物流配送等全链条服务，助力注册批发买卖双方无需线下到场即可高效完成二手车交易。
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。
ACVA vs AOS — 直观对比
营收规模更大
AOS
是对方的5.0倍
$183.6M
营收增速更快
ACVA
高出15.1%
0.0%
自由现金流更多
AOS
多$180.2M
$-14.7M
两年增速更快
ACVA
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $183.6M | $912.5M |
| 净利润 | — | $125.4M |
| 毛利率 | — | 38.4% |
| 营业利润率 | -9.7% | 17.9% |
| 净利率 | — | 13.7% |
| 营收同比 | 15.1% | 0.0% |
| 净利润同比 | — | 14.3% |
| 每股收益（稀释后） | $-0.12 | $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ACVAAOS
| Q4 25 | $183.6M | $912.5M | ||
| Q3 25 | $199.6M | $942.5M | ||
| Q2 25 | $193.7M | $1.0B | ||
| Q1 25 | $182.7M | $963.9M | ||
| Q4 24 | $159.5M | $912.4M | ||
| Q3 24 | $171.3M | $902.6M | ||
| Q2 24 | $160.6M | $1.0B | ||
| Q1 24 | $145.7M | $978.8M |
净利润ACVAAOS
| Q4 25 | — | $125.4M | ||
| Q3 25 | $-24.5M | $132.0M | ||
| Q2 25 | $-7.3M | $152.2M | ||
| Q1 25 | $-14.8M | $136.6M | ||
| Q4 24 | — | $109.7M | ||
| Q3 24 | $-16.0M | $120.1M | ||
| Q2 24 | $-17.1M | $156.2M | ||
| Q1 24 | $-20.5M | $147.6M |
毛利率ACVAAOS
| Q4 25 | — | 38.4% | ||
| Q3 25 | — | 38.7% | ||
| Q2 25 | — | 39.3% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 37.1% | ||
| Q3 24 | — | 37.4% | ||
| Q2 24 | — | 38.7% | ||
| Q1 24 | — | 39.3% |
营业利润率ACVAAOS
| Q4 25 | -9.7% | 17.9% | ||
| Q3 25 | -11.9% | 18.6% | ||
| Q2 25 | -3.7% | 20.4% | ||
| Q1 25 | -7.9% | 19.1% | ||
| Q4 24 | -16.2% | 10.1% | ||
| Q3 24 | -10.0% | 19.5% | ||
| Q2 24 | -11.6% | 21.9% | ||
| Q1 24 | -15.5% | 22.0% |
净利率ACVAAOS
| Q4 25 | — | 13.7% | ||
| Q3 25 | -12.3% | 14.0% | ||
| Q2 25 | -3.8% | 15.0% | ||
| Q1 25 | -8.1% | 14.2% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | -9.4% | 13.3% | ||
| Q2 24 | -10.6% | 15.2% | ||
| Q1 24 | -14.1% | 15.1% |
每股收益（稀释后）ACVAAOS
| Q4 25 | $-0.12 | $0.89 | ||
| Q3 25 | $-0.14 | $0.94 | ||
| Q2 25 | $-0.04 | $1.07 | ||
| Q1 25 | $-0.09 | $0.95 | ||
| Q4 24 | $-0.15 | $0.75 | ||
| Q3 24 | $-0.10 | $0.82 | ||
| Q2 24 | $-0.10 | $1.06 | ||
| Q1 24 | $-0.13 | $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 | $271.5M | $193.2M |
| 总债务越低越好 | — | $155.0M |
| 股东权益账面价值 | $429.7M | $1.9B |
| 总资产 | $1.1B | $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ACVAAOS
| Q4 25 | $271.5M | $193.2M | ||
| Q3 25 | $265.3M | $172.8M | ||
| Q2 25 | $258.4M | $177.9M | ||
| Q1 25 | $291.9M | $200.2M | ||
| Q4 24 | $224.1M | $276.1M | ||
| Q3 24 | $252.5M | $255.6M | ||
| Q2 24 | $215.0M | $233.3M | ||
| Q1 24 | $209.8M | $303.1M |
总债务ACVAAOS
| Q4 25 | — | $155.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $193.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACVAAOS
| Q4 25 | $429.7M | $1.9B | ||
| Q3 25 | $434.4M | $1.8B | ||
| Q2 25 | $448.8M | $1.8B | ||
| Q1 25 | $439.6M | $1.9B | ||
| Q4 24 | $440.0M | $1.9B | ||
| Q3 24 | $456.2M | $1.9B | ||
| Q2 24 | $457.6M | $1.9B | ||
| Q1 24 | $458.3M | $1.9B |
总资产ACVAAOS
| Q4 25 | $1.1B | $3.1B | ||
| Q3 25 | $1.2B | $3.2B | ||
| Q2 25 | $1.1B | $3.2B | ||
| Q1 25 | $1.2B | $3.3B | ||
| Q4 24 | $984.1M | $3.2B | ||
| Q3 24 | $1.0B | $3.2B | ||
| Q2 24 | $1.0B | $3.2B | ||
| Q1 24 | $1.0B | $3.2B |
负债/权益比ACVAAOS
| 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 | $-12.4M | $183.1M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $165.5M |
| 自由现金流率自由现金流/营收 | -8.0% | 18.1% |
| 资本支出强度资本支出/营收 | 1.2% | 1.9% |
| 现金转化率经营现金流/净利润 | — | 1.46× |
| 过去12个月自由现金流最近4个季度 | $69.1M | $546.0M |
8季度趋势，按日历期对齐
经营现金流ACVAAOS
| Q4 25 | $-12.4M | $183.1M | ||
| Q3 25 | $10.3M | $255.4M | ||
| Q2 25 | $13.7M | $139.6M | ||
| Q1 25 | $66.6M | $38.7M | ||
| Q4 24 | $-3.2M | $221.9M | ||
| Q3 24 | $21.1M | $195.9M | ||
| Q2 24 | $4.5M | $57.4M | ||
| Q1 24 | $43.0M | $106.6M |
自由现金流ACVAAOS
| Q4 25 | $-14.7M | $165.5M | ||
| Q3 25 | $7.7M | $240.6M | ||
| Q2 25 | $10.9M | $122.5M | ||
| Q1 25 | $65.3M | $17.4M | ||
| Q4 24 | $-3.9M | $191.3M | ||
| Q3 24 | $20.2M | $163.4M | ||
| Q2 24 | $2.7M | $34.5M | ||
| Q1 24 | $41.9M | $84.6M |
自由现金流率ACVAAOS
| Q4 25 | -8.0% | 18.1% | ||
| Q3 25 | 3.8% | 25.5% | ||
| Q2 25 | 5.6% | 12.1% | ||
| Q1 25 | 35.7% | 1.8% | ||
| Q4 24 | -2.5% | 21.0% | ||
| Q3 24 | 11.8% | 18.1% | ||
| Q2 24 | 1.7% | 3.4% | ||
| Q1 24 | 28.8% | 8.6% |
资本支出强度ACVAAOS
| Q4 25 | 1.2% | 1.9% | ||
| Q3 25 | 1.3% | 1.6% | ||
| Q2 25 | 1.5% | 1.7% | ||
| Q1 25 | 0.7% | 2.2% | ||
| Q4 24 | 0.4% | 3.4% | ||
| Q3 24 | 0.6% | 3.6% | ||
| Q2 24 | 1.1% | 2.2% | ||
| Q1 24 | 0.7% | 2.2% |
现金转化率ACVAAOS
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | 1.93× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 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
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
AOS
| North America Segment | $713.7M | 78% |
| Rest Of World | $158.3M | 17% |
| Other | $40.5M | 4% |
