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AAR CORP（AIR）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AAR CORP的1.1倍（$912.5M vs $795.3M）。A.O.史密斯净利率更高（13.7% vs 4.4%，领先9.4%）。AAR CORP同比增速更快（15.9% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $6.2M）
AAR CORP是一家美国航空服务企业，为全球商业及政府客户提供飞机维护相关服务，总部位于伊利诺伊州芝加哥郊区的伍德戴尔，在约30个国家开展业务，现有员工约6000人，现任首席执行官为约翰·霍姆斯。
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。
AIR vs AOS — 直观对比
营收规模更大
AOS
是对方的1.1倍
$795.3M
营收增速更快
AIR
高出15.9%
0.0%
净利率更高
AOS
高出9.4%
4.4%
自由现金流更多
AOS
多$159.3M
$6.2M
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $795.3M | $912.5M |
| 净利润 | $34.6M | $125.4M |
| 毛利率 | 19.7% | 38.4% |
| 营业利润率 | 6.0% | 17.9% |
| 净利率 | 4.4% | 13.7% |
| 营收同比 | 15.9% | 0.0% |
| 净利润同比 | 213.1% | 14.3% |
| 每股收益（稀释后） | $0.90 | $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AIRAOS
| Q4 25 | $795.3M | $912.5M | ||
| Q3 25 | $739.6M | $942.5M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $963.9M | ||
| Q4 24 | — | $912.4M | ||
| Q3 24 | — | $902.6M | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $978.8M |
净利润AIRAOS
| Q4 25 | $34.6M | $125.4M | ||
| Q3 25 | $34.4M | $132.0M | ||
| Q2 25 | — | $152.2M | ||
| Q1 25 | — | $136.6M | ||
| Q4 24 | — | $109.7M | ||
| Q3 24 | — | $120.1M | ||
| Q2 24 | — | $156.2M | ||
| Q1 24 | — | $147.6M |
毛利率AIRAOS
| Q4 25 | 19.7% | 38.4% | ||
| Q3 25 | 18.1% | 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AIRAOS
| Q4 25 | 6.0% | 17.9% | ||
| Q3 25 | 6.4% | 18.6% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 22.0% |
净利率AIRAOS
| Q4 25 | 4.4% | 13.7% | ||
| Q3 25 | 4.7% | 14.0% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | 13.3% | ||
| Q2 24 | — | 15.2% | ||
| Q1 24 | — | 15.1% |
每股收益（稀释后）AIRAOS
| Q4 25 | $0.90 | $0.89 | ||
| Q3 25 | $0.95 | $0.94 | ||
| Q2 25 | — | $1.07 | ||
| Q1 25 | — | $0.95 | ||
| Q4 24 | — | $0.75 | ||
| Q3 24 | — | $0.82 | ||
| Q2 24 | — | $1.06 | ||
| Q1 24 | — | $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 | $75.6M | $193.2M |
| 总债务越低越好 | $952.7M | $155.0M |
| 股东权益账面价值 | $1.6B | $1.9B |
| 总资产 | $3.2B | $3.1B |
| 负债/权益比越低杠杆越低 | 0.61× | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资AIRAOS
| Q4 25 | $75.6M | $193.2M | ||
| Q3 25 | $80.0M | $172.8M | ||
| Q2 25 | — | $177.9M | ||
| Q1 25 | — | $200.2M | ||
| Q4 24 | — | $276.1M | ||
| Q3 24 | — | $255.6M | ||
| Q2 24 | — | $233.3M | ||
| Q1 24 | — | $303.1M |
总债务AIRAOS
| Q4 25 | $952.7M | $155.0M | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $193.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AIRAOS
| Q4 25 | $1.6B | $1.9B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
总资产AIRAOS
| Q4 25 | $3.2B | $3.1B | ||
| Q3 25 | $2.9B | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
负债/权益比AIRAOS
| Q4 25 | 0.61× | 0.08× | ||
| Q3 25 | 0.82× | — | ||
| 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 | $13.6M | $183.1M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $165.5M |
| 自由现金流率自由现金流/营收 | 0.8% | 18.1% |
| 资本支出强度资本支出/营收 | 0.9% | 1.9% |
| 现金转化率经营现金流/净利润 | 0.39× | 1.46× |
| 过去12个月自由现金流最近4个季度 | — | $546.0M |
8季度趋势，按日历期对齐
经营现金流AIRAOS
| Q4 25 | $13.6M | $183.1M | ||
| Q3 25 | $-44.9M | $255.4M | ||
| Q2 25 | — | $139.6M | ||
| Q1 25 | — | $38.7M | ||
| Q4 24 | — | $221.9M | ||
| Q3 24 | — | $195.9M | ||
| Q2 24 | — | $57.4M | ||
| Q1 24 | — | $106.6M |
自由现金流AIRAOS
| Q4 25 | $6.2M | $165.5M | ||
| Q3 25 | $-53.6M | $240.6M | ||
| Q2 25 | — | $122.5M | ||
| Q1 25 | — | $17.4M | ||
| Q4 24 | — | $191.3M | ||
| Q3 24 | — | $163.4M | ||
| Q2 24 | — | $34.5M | ||
| Q1 24 | — | $84.6M |
自由现金流率AIRAOS
| Q4 25 | 0.8% | 18.1% | ||
| Q3 25 | -7.2% | 25.5% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 21.0% | ||
| Q3 24 | — | 18.1% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 8.6% |
资本支出强度AIRAOS
| Q4 25 | 0.9% | 1.9% | ||
| Q3 25 | 1.2% | 1.6% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 2.2% |
现金转化率AIRAOS
| Q4 25 | 0.39× | 1.46× | ||
| Q3 25 | -1.31× | 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
AIR
| Commercial Customer | $268.1M | 34% |
| Repair And Engineering | $244.5M | 31% |
| Integrated Solutions | $175.8M | 22% |
| Government And Defense Customer | $85.5M | 11% |
| Expeditionary Services | $21.4M | 3% |
AOS
| North America Segment | $713.7M | 78% |
| Rest Of World | $158.3M | 17% |
| Other | $40.5M | 4% |
