vs
A.O.史密斯（AOS）与APi Group Corp（APG）财务数据对比。点击上方公司名可切换其他公司
APi Group Corp的季度营收约是A.O.史密斯的2.3倍（$2.1B vs $912.5M）。A.O.史密斯净利率更高（13.7% vs 4.6%，领先9.2%）。APi Group Corp同比增速更快（13.8% vs 0.0%）。APi Group Corp自由现金流更多（$356.0M vs $165.5M）。过去两年APi Group Corp的营收复合增速更高（15.0% vs -3.4%）
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。
xAI是埃隆·马斯克2023年创立的美国科技企业，为航天企业SpaceX的全资子公司，业务覆盖人工智能、社交媒体领域，核心产品包括生成式AI聊天机器人Grok，以及2025年3月收购的社交媒体平台X。
AOS vs APG — 直观对比
营收规模更大
APG
是对方的2.3倍
$912.5M
营收增速更快
APG
高出13.7%
0.0%
净利率更高
AOS
高出9.2%
4.6%
自由现金流更多
APG
多$190.5M
$165.5M
两年增速更快
APG
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $2.1B |
| 净利润 | $125.4M | $97.0M |
| 毛利率 | 38.4% | 32.0% |
| 营业利润率 | 17.9% | 7.7% |
| 净利率 | 13.7% | 4.6% |
| 营收同比 | 0.0% | 13.8% |
| 净利润同比 | 14.3% | 44.8% |
| 每股收益（稀释后） | $0.89 | $-1.16 |
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AOSAPG
| Q4 25 | $912.5M | $2.1B | ||
| Q3 25 | $942.5M | $2.1B | ||
| Q2 25 | $1.0B | $2.0B | ||
| Q1 25 | $963.9M | $1.7B | ||
| Q4 24 | $912.4M | $1.9B | ||
| Q3 24 | $902.6M | $1.8B | ||
| Q2 24 | $1.0B | $1.7B | ||
| Q1 24 | $978.8M | $1.6B |
净利润AOSAPG
| Q4 25 | $125.4M | $97.0M | ||
| Q3 25 | $132.0M | $93.0M | ||
| Q2 25 | $152.2M | $77.0M | ||
| Q1 25 | $136.6M | $35.0M | ||
| Q4 24 | $109.7M | $67.0M | ||
| Q3 24 | $120.1M | $69.0M | ||
| Q2 24 | $156.2M | $69.0M | ||
| Q1 24 | $147.6M | $45.0M |
毛利率AOSAPG
| Q4 25 | 38.4% | 32.0% | ||
| Q3 25 | 38.7% | 31.3% | ||
| Q2 25 | 39.3% | 30.9% | ||
| Q1 25 | 38.9% | 31.5% | ||
| Q4 24 | 37.1% | 30.9% | ||
| Q3 24 | 37.4% | 31.1% | ||
| Q2 24 | 38.7% | 31.4% | ||
| Q1 24 | 39.3% | 30.7% |
营业利润率AOSAPG
| Q4 25 | 17.9% | 7.7% | ||
| Q3 25 | 18.6% | 7.8% | ||
| Q2 25 | 20.4% | 7.2% | ||
| Q1 25 | 19.1% | 4.9% | ||
| Q4 24 | 10.1% | 6.2% | ||
| Q3 24 | 19.5% | 7.8% | ||
| Q2 24 | 21.9% | 7.3% | ||
| Q1 24 | 22.0% | 6.2% |
净利率AOSAPG
| Q4 25 | 13.7% | 4.6% | ||
| Q3 25 | 14.0% | 4.5% | ||
| Q2 25 | 15.0% | 3.9% | ||
| Q1 25 | 14.2% | 2.0% | ||
| Q4 24 | 12.0% | 3.6% | ||
| Q3 24 | 13.3% | 3.8% | ||
| Q2 24 | 15.2% | 4.0% | ||
| Q1 24 | 15.1% | 2.8% |
每股收益（稀释后）AOSAPG
| Q4 25 | $0.89 | $-1.16 | ||
| Q3 25 | $0.94 | $0.20 | ||
| Q2 25 | $1.07 | $0.16 | ||
| Q1 25 | $0.95 | $0.11 | ||
| Q4 24 | $0.75 | $0.05 | ||
| Q3 24 | $0.82 | $0.23 | ||
| Q2 24 | $1.06 | $0.22 | ||
| Q1 24 | $1.00 | $-1.34 |
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 | $193.2M | $912.0M |
| 总债务越低越好 | $155.0M | $2.8B |
| 股东权益账面价值 | $1.9B | $3.4B |
| 总资产 | $3.1B | $8.9B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.81× |
8季度趋势，按日历期对齐
现金及短期投资AOSAPG
| Q4 25 | $193.2M | $912.0M | ||
| Q3 25 | $172.8M | $555.0M | ||
| Q2 25 | $177.9M | $432.0M | ||
| Q1 25 | $200.2M | $460.0M | ||
| Q4 24 | $276.1M | $499.0M | ||
| Q3 24 | $255.6M | $487.0M | ||
| Q2 24 | $233.3M | $324.0M | ||
| Q1 24 | $303.1M | $247.0M |
总债务AOSAPG
| Q4 25 | $155.0M | $2.8B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $193.2M | $2.8B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.7B |
股东权益AOSAPG
| Q4 25 | $1.9B | $3.4B | ||
| Q3 25 | $1.8B | $3.3B | ||
| Q2 25 | $1.8B | $3.2B | ||
| Q1 25 | $1.9B | $3.0B | ||
| Q4 24 | $1.9B | $3.0B | ||
| Q3 24 | $1.9B | $3.0B | ||
| Q2 24 | $1.9B | $2.8B | ||
| Q1 24 | $1.9B | $2.3B |
总资产AOSAPG
| Q4 25 | $3.1B | $8.9B | ||
| Q3 25 | $3.2B | $8.7B | ||
| Q2 25 | $3.2B | $8.5B | ||
| Q1 25 | $3.3B | $8.1B | ||
| Q4 24 | $3.2B | $8.2B | ||
| Q3 24 | $3.2B | $8.2B | ||
| Q2 24 | $3.2B | $8.0B | ||
| Q1 24 | $3.2B | $7.2B |
负债/权益比AOSAPG
| Q4 25 | 0.08× | 0.81× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | — | 0.87× | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | 0.10× | 0.93× | ||
| Q3 24 | — | 0.96× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.19× |
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 | $183.1M | $382.0M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $356.0M |
| 自由现金流率自由现金流/营收 | 18.1% | 16.8% |
| 资本支出强度资本支出/营收 | 1.9% | 1.2% |
| 现金转化率经营现金流/净利润 | 1.46× | 3.94× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $663.0M |
8季度趋势，按日历期对齐
经营现金流AOSAPG
| Q4 25 | $183.1M | $382.0M | ||
| Q3 25 | $255.4M | $232.0M | ||
| Q2 25 | $139.6M | $83.0M | ||
| Q1 25 | $38.7M | $62.0M | ||
| Q4 24 | $221.9M | $283.0M | ||
| Q3 24 | $195.9M | $220.0M | ||
| Q2 24 | $57.4M | $110.0M | ||
| Q1 24 | $106.6M | $7.0M |
自由现金流AOSAPG
| Q4 25 | $165.5M | $356.0M | ||
| Q3 25 | $240.6M | $201.0M | ||
| Q2 25 | $122.5M | $56.0M | ||
| Q1 25 | $17.4M | $50.0M | ||
| Q4 24 | $191.3M | $265.0M | ||
| Q3 24 | $163.4M | $198.0M | ||
| Q2 24 | $34.5M | $88.0M | ||
| Q1 24 | $84.6M | $-15.0M |
自由现金流率AOSAPG
| Q4 25 | 18.1% | 16.8% | ||
| Q3 25 | 25.5% | 9.6% | ||
| Q2 25 | 12.1% | 2.8% | ||
| Q1 25 | 1.8% | 2.9% | ||
| Q4 24 | 21.0% | 14.2% | ||
| Q3 24 | 18.1% | 10.8% | ||
| Q2 24 | 3.4% | 5.1% | ||
| Q1 24 | 8.6% | -0.9% |
资本支出强度AOSAPG
| Q4 25 | 1.9% | 1.2% | ||
| Q3 25 | 1.6% | 1.5% | ||
| Q2 25 | 1.7% | 1.4% | ||
| Q1 25 | 2.2% | 0.7% | ||
| Q4 24 | 3.4% | 1.0% | ||
| Q3 24 | 3.6% | 1.2% | ||
| Q2 24 | 2.2% | 1.3% | ||
| Q1 24 | 2.2% | 1.4% |
现金转化率AOSAPG
| Q4 25 | 1.46× | 3.94× | ||
| Q3 25 | 1.93× | 2.49× | ||
| Q2 25 | 0.92× | 1.08× | ||
| Q1 25 | 0.28× | 1.77× | ||
| Q4 24 | 2.02× | 4.22× | ||
| Q3 24 | 1.63× | 3.19× | ||
| Q2 24 | 0.37× | 1.59× | ||
| Q1 24 | 0.72× | 0.16× |
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
AOS
| North America Segment | $713.7M | 78% |
| Rest Of World | $158.3M | 17% |
| Other | $40.5M | 4% |
APG
暂无分部数据
