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爱科（AGCO）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
爱科的季度营收约是A.O.史密斯的3.2倍（$2.9B vs $912.5M）。A.O.史密斯净利率更高（13.7% vs 3.3%，领先10.5%）。爱科同比增速更快（1.1% vs 0.0%）。爱科自由现金流更多（$675.0M vs $165.5M）。过去两年爱科的营收复合增速更高（-0.1% vs -3.4%）
AGCO是1990年成立的美国农业机械制造商，总部位于佐治亚州德卢斯。公司主营设计、生产及销售拖拉机、联合收割机、青贮收获机、牧草设备、自走式喷雾机、播种耕作设备等产品，同时提供智慧农业相关技术解决方案。
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。
AGCO vs AOS — 直观对比
营收规模更大
AGCO
是对方的3.2倍
$912.5M
营收增速更快
AGCO
高出1.1%
0.0%
净利率更高
AOS
高出10.5%
3.3%
自由现金流更多
AGCO
多$509.5M
$165.5M
两年增速更快
AGCO
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $912.5M |
| 净利润 | $95.5M | $125.4M |
| 毛利率 | 25.4% | 38.4% |
| 营业利润率 | 7.9% | 17.9% |
| 净利率 | 3.3% | 13.7% |
| 营收同比 | 1.1% | 0.0% |
| 净利润同比 | 137.3% | 14.3% |
| 每股收益（稀释后） | $1.30 | $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AGCOAOS
| Q4 25 | $2.9B | $912.5M | ||
| Q3 25 | $2.5B | $942.5M | ||
| Q2 25 | $2.6B | $1.0B | ||
| Q1 25 | $2.1B | $963.9M | ||
| Q4 24 | $2.9B | $912.4M | ||
| Q3 24 | $2.6B | $902.6M | ||
| Q2 24 | $3.2B | $1.0B | ||
| Q1 24 | $2.9B | $978.8M |
净利润AGCOAOS
| Q4 25 | $95.5M | $125.4M | ||
| Q3 25 | $305.7M | $132.0M | ||
| Q2 25 | $314.8M | $152.2M | ||
| Q1 25 | $10.5M | $136.6M | ||
| Q4 24 | $-255.7M | $109.7M | ||
| Q3 24 | $30.0M | $120.1M | ||
| Q2 24 | $-367.1M | $156.2M | ||
| Q1 24 | $168.0M | $147.6M |
毛利率AGCOAOS
| Q4 25 | 25.4% | 38.4% | ||
| Q3 25 | 26.1% | 38.7% | ||
| Q2 25 | 25.0% | 39.3% | ||
| Q1 25 | 25.4% | 38.9% | ||
| Q4 24 | 23.9% | 37.1% | ||
| Q3 24 | 23.2% | 37.4% | ||
| Q2 24 | 25.8% | 38.7% | ||
| Q1 24 | 26.3% | 39.3% |
营业利润率AGCOAOS
| Q4 25 | 7.9% | 17.9% | ||
| Q3 25 | 6.1% | 18.6% | ||
| Q2 25 | 6.2% | 20.4% | ||
| Q1 25 | 2.4% | 19.1% | ||
| Q4 24 | -9.3% | 10.1% | ||
| Q3 24 | 4.4% | 19.5% | ||
| Q2 24 | -7.4% | 21.9% | ||
| Q1 24 | 9.3% | 22.0% |
净利率AGCOAOS
| Q4 25 | 3.3% | 13.7% | ||
| Q3 25 | 12.3% | 14.0% | ||
| Q2 25 | 11.9% | 15.0% | ||
| Q1 25 | 0.5% | 14.2% | ||
| Q4 24 | -8.9% | 12.0% | ||
| Q3 24 | 1.2% | 13.3% | ||
| Q2 24 | -11.3% | 15.2% | ||
| Q1 24 | 5.7% | 15.1% |
每股收益（稀释后）AGCOAOS
| Q4 25 | $1.30 | $0.89 | ||
| Q3 25 | $4.09 | $0.94 | ||
| Q2 25 | $4.22 | $1.07 | ||
| Q1 25 | $0.14 | $0.95 | ||
| Q4 24 | $-3.42 | $0.75 | ||
| Q3 24 | $0.40 | $0.82 | ||
| Q2 24 | $-4.92 | $1.06 | ||
| Q1 24 | $2.25 | $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 | $861.8M | $193.2M |
| 总债务越低越好 | $2.4B | $155.0M |
| 股东权益账面价值 | $4.3B | $1.9B |
| 总资产 | $11.9B | $3.1B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资AGCOAOS
| Q4 25 | $861.8M | $193.2M | ||
| Q3 25 | $884.1M | $172.8M | ||
| Q2 25 | $783.9M | $177.9M | ||
| Q1 25 | $562.6M | $200.2M | ||
| Q4 24 | $612.7M | $276.1M | ||
| Q3 24 | $622.6M | $255.6M | ||
| Q2 24 | $657.3M | $233.3M | ||
| Q1 24 | $2.5B | $303.1M |
总债务AGCOAOS
| Q4 25 | $2.4B | $155.0M | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.6B | $193.2M | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.7B | — |
股东权益AGCOAOS
| Q4 25 | $4.3B | $1.9B | ||
| Q3 25 | $4.5B | $1.8B | ||
| Q2 25 | $4.2B | $1.8B | ||
| Q1 25 | $3.8B | $1.9B | ||
| Q4 24 | $3.7B | $1.9B | ||
| Q3 24 | $4.1B | $1.9B | ||
| Q2 24 | $4.1B | $1.9B | ||
| Q1 24 | $4.8B | $1.9B |
总资产AGCOAOS
| Q4 25 | $11.9B | $3.1B | ||
| Q3 25 | $12.5B | $3.2B | ||
| Q2 25 | $12.3B | $3.2B | ||
| Q1 25 | $11.5B | $3.3B | ||
| Q4 24 | $11.2B | $3.2B | ||
| Q3 24 | $13.5B | $3.2B | ||
| Q2 24 | $13.6B | $3.2B | ||
| Q1 24 | $13.5B | $3.2B |
负债/权益比AGCOAOS
| Q4 25 | 0.56× | 0.08× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 0.68× | 0.10× | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 0.95× | — | ||
| Q1 24 | 0.78× | — |
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 | $763.6M | $183.1M |
| 自由现金流经营现金流 - 资本支出 | $675.0M | $165.5M |
| 自由现金流率自由现金流/营收 | 23.1% | 18.1% |
| 资本支出强度资本支出/营收 | 3.0% | 1.9% |
| 现金转化率经营现金流/净利润 | 8.00× | 1.46× |
| 过去12个月自由现金流最近4个季度 | $740.2M | $546.0M |
8季度趋势，按日历期对齐
经营现金流AGCOAOS
| Q4 25 | $763.6M | $183.1M | ||
| Q3 25 | $71.0M | $255.4M | ||
| Q2 25 | $365.7M | $139.6M | ||
| Q1 25 | $-212.2M | $38.7M | ||
| Q4 24 | $797.9M | $221.9M | ||
| Q3 24 | $26.5M | $195.9M | ||
| Q2 24 | $235.5M | $57.4M | ||
| Q1 24 | $-370.0M | $106.6M |
自由现金流AGCOAOS
| Q4 25 | $675.0M | $165.5M | ||
| Q3 25 | $2.1M | $240.6M | ||
| Q2 25 | $323.5M | $122.5M | ||
| Q1 25 | $-260.4M | $17.4M | ||
| Q4 24 | $683.9M | $191.3M | ||
| Q3 24 | $-59.8M | $163.4M | ||
| Q2 24 | $137.5M | $34.5M | ||
| Q1 24 | $-465.0M | $84.6M |
自由现金流率AGCOAOS
| Q4 25 | 23.1% | 18.1% | ||
| Q3 25 | 0.1% | 25.5% | ||
| Q2 25 | 12.3% | 12.1% | ||
| Q1 25 | -12.7% | 1.8% | ||
| Q4 24 | 23.7% | 21.0% | ||
| Q3 24 | -2.3% | 18.1% | ||
| Q2 24 | 4.2% | 3.4% | ||
| Q1 24 | -15.9% | 8.6% |
资本支出强度AGCOAOS
| Q4 25 | 3.0% | 1.9% | ||
| Q3 25 | 2.8% | 1.6% | ||
| Q2 25 | 1.6% | 1.7% | ||
| Q1 25 | 2.4% | 2.2% | ||
| Q4 24 | 3.9% | 3.4% | ||
| Q3 24 | 3.3% | 3.6% | ||
| Q2 24 | 3.0% | 2.2% | ||
| Q1 24 | 3.2% | 2.2% |
现金转化率AGCOAOS
| Q4 25 | 8.00× | 1.46× | ||
| Q3 25 | 0.23× | 1.93× | ||
| Q2 25 | 1.16× | 0.92× | ||
| Q1 25 | -20.21× | 0.28× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | 0.88× | 1.63× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | -2.20× | 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
AGCO
暂无分部数据
AOS
| North America Segment | $713.7M | 78% |
| Rest Of World | $158.3M | 17% |
| Other | $40.5M | 4% |
