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AMN HEALTHCARE SERVICES INC（AMN）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AMN HEALTHCARE SERVICES INC的1.2倍（$912.5M vs $748.2M）。A.O.史密斯净利率更高（13.7% vs -1.0%，领先14.8%）。AMN HEALTHCARE SERVICES INC同比增速更快（1.8% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $67.6M）。过去两年A.O.史密斯的营收复合增速更高（-3.4% vs -4.5%）
AMN医疗保健服务公司是美国领先的医疗人力资源解决方案提供商，主要为医院、诊所等各类医疗机构提供护士、医师、医技人员及其他临床、非临床岗位的临时与长期派遣服务，同时提供医护团队管理技术支持及相关咨询服务。
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。
AMN vs AOS — 直观对比
营收规模更大
AOS
是对方的1.2倍
$748.2M
营收增速更快
AMN
高出1.8%
0.0%
净利率更高
AOS
高出14.8%
-1.0%
自由现金流更多
AOS
多$97.9M
$67.6M
两年增速更快
AOS
近两年复合增速
-4.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $748.2M | $912.5M |
| 净利润 | $-7.7M | $125.4M |
| 毛利率 | 26.1% | 38.4% |
| 营业利润率 | 1.1% | 17.9% |
| 净利率 | -1.0% | 13.7% |
| 营收同比 | 1.8% | 0.0% |
| 净利润同比 | 95.9% | 14.3% |
| 每股收益（稀释后） | $-0.19 | $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AMNAOS
| Q4 25 | $748.2M | $912.5M | ||
| Q3 25 | $634.5M | $942.5M | ||
| Q2 25 | $658.2M | $1.0B | ||
| Q1 25 | $689.5M | $963.9M | ||
| Q4 24 | $734.7M | $912.4M | ||
| Q3 24 | $687.5M | $902.6M | ||
| Q2 24 | $740.7M | $1.0B | ||
| Q1 24 | $820.9M | $978.8M |
净利润AMNAOS
| Q4 25 | $-7.7M | $125.4M | ||
| Q3 25 | $29.3M | $132.0M | ||
| Q2 25 | $-116.2M | $152.2M | ||
| Q1 25 | $-1.1M | $136.6M | ||
| Q4 24 | $-187.5M | $109.7M | ||
| Q3 24 | $7.0M | $120.1M | ||
| Q2 24 | $16.2M | $156.2M | ||
| Q1 24 | $17.3M | $147.6M |
毛利率AMNAOS
| Q4 25 | 26.1% | 38.4% | ||
| Q3 25 | 29.1% | 38.7% | ||
| Q2 25 | 29.8% | 39.3% | ||
| Q1 25 | 28.7% | 38.9% | ||
| Q4 24 | 29.8% | 37.1% | ||
| Q3 24 | 31.0% | 37.4% | ||
| Q2 24 | 31.0% | 38.7% | ||
| Q1 24 | 31.4% | 39.3% |
营业利润率AMNAOS
| Q4 25 | 1.1% | 17.9% | ||
| Q3 25 | 7.5% | 18.6% | ||
| Q2 25 | -18.8% | 20.4% | ||
| Q1 25 | 1.8% | 19.1% | ||
| Q4 24 | -27.6% | 10.1% | ||
| Q3 24 | 3.2% | 19.5% | ||
| Q2 24 | 5.1% | 21.9% | ||
| Q1 24 | 4.9% | 22.0% |
净利率AMNAOS
| Q4 25 | -1.0% | 13.7% | ||
| Q3 25 | 4.6% | 14.0% | ||
| Q2 25 | -17.7% | 15.0% | ||
| Q1 25 | -0.2% | 14.2% | ||
| Q4 24 | -25.5% | 12.0% | ||
| Q3 24 | 1.0% | 13.3% | ||
| Q2 24 | 2.2% | 15.2% | ||
| Q1 24 | 2.1% | 15.1% |
每股收益（稀释后）AMNAOS
| Q4 25 | $-0.19 | $0.89 | ||
| Q3 25 | $0.76 | $0.94 | ||
| Q2 25 | $-3.02 | $1.07 | ||
| Q1 25 | $-0.03 | $0.95 | ||
| Q4 24 | $-4.90 | $0.75 | ||
| Q3 24 | $0.18 | $0.82 | ||
| Q2 24 | $0.42 | $1.06 | ||
| Q1 24 | $0.45 | $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 | $34.0M | $193.2M |
| 总债务越低越好 | $767.1M | $155.0M |
| 股东权益账面价值 | $642.1M | $1.9B |
| 总资产 | $2.1B | $3.1B |
| 负债/权益比越低杠杆越低 | 1.19× | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资AMNAOS
| Q4 25 | $34.0M | $193.2M | ||
| Q3 25 | $52.6M | $172.8M | ||
| Q2 25 | $41.5M | $177.9M | ||
| Q1 25 | $55.8M | $200.2M | ||
| Q4 24 | $10.6M | $276.1M | ||
| Q3 24 | $30.6M | $255.6M | ||
| Q2 24 | $48.0M | $233.3M | ||
| Q1 24 | $50.6M | $303.1M |
总债务AMNAOS
| Q4 25 | $767.1M | $155.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | $193.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AMNAOS
| Q4 25 | $642.1M | $1.9B | ||
| Q3 25 | $644.4M | $1.8B | ||
| Q2 25 | $607.6M | $1.8B | ||
| Q1 25 | $715.1M | $1.9B | ||
| Q4 24 | $706.6M | $1.9B | ||
| Q3 24 | $890.7M | $1.9B | ||
| Q2 24 | $876.9M | $1.9B | ||
| Q1 24 | $854.2M | $1.9B |
总资产AMNAOS
| Q4 25 | $2.1B | $3.1B | ||
| Q3 25 | $2.1B | $3.2B | ||
| Q2 25 | $2.2B | $3.2B | ||
| Q1 25 | $2.4B | $3.3B | ||
| Q4 24 | $2.4B | $3.2B | ||
| Q3 24 | $2.7B | $3.2B | ||
| Q2 24 | $2.8B | $3.2B | ||
| Q1 24 | $2.9B | $3.2B |
负债/权益比AMNAOS
| Q4 25 | 1.19× | 0.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.49× | 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 | $75.6M | $183.1M |
| 自由现金流经营现金流 - 资本支出 | $67.6M | $165.5M |
| 自由现金流率自由现金流/营收 | 9.0% | 18.1% |
| 资本支出强度资本支出/营收 | 1.1% | 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 | $233.8M | $546.0M |
8季度趋势，按日历期对齐
经营现金流AMNAOS
| Q4 25 | $75.6M | $183.1M | ||
| Q3 25 | $22.7M | $255.4M | ||
| Q2 25 | $78.5M | $139.6M | ||
| Q1 25 | $92.7M | $38.7M | ||
| Q4 24 | $72.8M | $221.9M | ||
| Q3 24 | $66.7M | $195.9M | ||
| Q2 24 | $99.5M | $57.4M | ||
| Q1 24 | $81.4M | $106.6M |
自由现金流AMNAOS
| Q4 25 | $67.6M | $165.5M | ||
| Q3 25 | $14.8M | $240.6M | ||
| Q2 25 | $68.7M | $122.5M | ||
| Q1 25 | $82.7M | $17.4M | ||
| Q4 24 | $56.6M | $191.3M | ||
| Q3 24 | $47.4M | $163.4M | ||
| Q2 24 | $72.2M | $34.5M | ||
| Q1 24 | $63.2M | $84.6M |
自由现金流率AMNAOS
| Q4 25 | 9.0% | 18.1% | ||
| Q3 25 | 2.3% | 25.5% | ||
| Q2 25 | 10.4% | 12.1% | ||
| Q1 25 | 12.0% | 1.8% | ||
| Q4 24 | 7.7% | 21.0% | ||
| Q3 24 | 6.9% | 18.1% | ||
| Q2 24 | 9.8% | 3.4% | ||
| Q1 24 | 7.7% | 8.6% |
资本支出强度AMNAOS
| Q4 25 | 1.1% | 1.9% | ||
| Q3 25 | 1.2% | 1.6% | ||
| Q2 25 | 1.5% | 1.7% | ||
| Q1 25 | 1.4% | 2.2% | ||
| Q4 24 | 2.2% | 3.4% | ||
| Q3 24 | 2.8% | 3.6% | ||
| Q2 24 | 3.7% | 2.2% | ||
| Q1 24 | 2.2% | 2.2% |
现金转化率AMNAOS
| Q4 25 | — | 1.46× | ||
| Q3 25 | 0.77× | 1.93× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | 9.54× | 1.63× | ||
| Q2 24 | 6.13× | 0.37× | ||
| Q1 24 | 4.70× | 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
AMN
| Travel Nurse Staffing | $208.3M | 28% |
| Allied Staffing | $146.9M | 20% |
| Labor Disruption Services | $124.3M | 17% |
| Technology And Workforce Solutions | $88.0M | 12% |
| Language Services | $69.9M | 9% |
| Other | $29.6M | 4% |
| International Nurse Staffing | $29.6M | 4% |
| Interim Leadership Staffing | $24.1M | 3% |
| Vendor Management Systems | $16.3M | 2% |
| Local Staffing | $8.6M | 1% |
| International Nurse Permanent Placement | $2.6M | 0% |
AOS
| North America Segment | $713.7M | 78% |
| Rest Of World | $158.3M | 17% |
| Other | $40.5M | 4% |
