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A.O.史密斯（AOS）与AeroVironment Inc（AVAV）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AeroVironment Inc的1.9倍（$912.5M vs $472.5M）。A.O.史密斯净利率更高（13.7% vs -3.6%，领先17.4%）。AeroVironment Inc同比增速更快（181.9% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $-55.9M）。过去两年AeroVironment Inc的营收复合增速更高（59.1% 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。
AeroVironment是1971年由人力飞机设计师保罗·麦克里迪创立的美国国防科技企业，总部位于弗吉尼亚州阿灵顿，专注于自主系统、反无人机系统及航天系统的研发制造，为美国国防部及多国军方供应渡鸦、弹簧刀、黄蜂、美洲狮等系列中小型无人机产品。
AOS vs AVAV — 直观对比
营收规模更大
AOS
是对方的1.9倍
$472.5M
营收增速更快
AVAV
高出181.9%
0.0%
净利率更高
AOS
高出17.4%
-3.6%
自由现金流更多
AOS
多$221.4M
$-55.9M
两年增速更快
AVAV
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $472.5M |
| 净利润 | $125.4M | $-17.1M |
| 毛利率 | 38.4% | 22.0% |
| 营业利润率 | 17.9% | -6.4% |
| 净利率 | 13.7% | -3.6% |
| 营收同比 | 0.0% | 181.9% |
| 净利润同比 | 14.3% | -875.1% |
| 每股收益（稀释后） | $0.89 | $-0.34 |
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AOSAVAV
| Q4 25 | $912.5M | $472.5M | ||
| Q3 25 | $942.5M | $454.7M | ||
| Q2 25 | $1.0B | $275.1M | ||
| Q1 25 | $963.9M | $167.6M | ||
| Q4 24 | $912.4M | $188.5M | ||
| Q3 24 | $902.6M | $189.5M | ||
| Q2 24 | $1.0B | $197.0M | ||
| Q1 24 | $978.8M | $186.6M |
净利润AOSAVAV
| Q4 25 | $125.4M | $-17.1M | ||
| Q3 25 | $132.0M | $-67.4M | ||
| Q2 25 | $152.2M | $16.7M | ||
| Q1 25 | $136.6M | $-1.8M | ||
| Q4 24 | $109.7M | $7.5M | ||
| Q3 24 | $120.1M | $21.2M | ||
| Q2 24 | $156.2M | $6.0M | ||
| Q1 24 | $147.6M | $13.9M |
毛利率AOSAVAV
| Q4 25 | 38.4% | 22.0% | ||
| Q3 25 | 38.7% | 20.9% | ||
| Q2 25 | 39.3% | 36.5% | ||
| Q1 25 | 38.9% | 37.7% | ||
| Q4 24 | 37.1% | 39.1% | ||
| Q3 24 | 37.4% | 43.0% | ||
| Q2 24 | 38.7% | 38.4% | ||
| Q1 24 | 39.3% | 36.1% |
营业利润率AOSAVAV
| Q4 25 | 17.9% | -6.4% | ||
| Q3 25 | 18.6% | -15.2% | ||
| Q2 25 | 20.4% | 5.0% | ||
| Q1 25 | 19.1% | -1.8% | ||
| Q4 24 | 10.1% | 3.7% | ||
| Q3 24 | 19.5% | 12.2% | ||
| Q2 24 | 21.9% | 3.0% | ||
| Q1 24 | 22.0% | 7.7% |
净利率AOSAVAV
| Q4 25 | 13.7% | -3.6% | ||
| Q3 25 | 14.0% | -14.8% | ||
| Q2 25 | 15.0% | 6.1% | ||
| Q1 25 | 14.2% | -1.0% | ||
| Q4 24 | 12.0% | 4.0% | ||
| Q3 24 | 13.3% | 11.2% | ||
| Q2 24 | 15.2% | 3.1% | ||
| Q1 24 | 15.1% | 7.4% |
每股收益（稀释后）AOSAVAV
| Q4 25 | $0.89 | $-0.34 | ||
| Q3 25 | $0.94 | $-1.44 | ||
| Q2 25 | $1.07 | $0.59 | ||
| Q1 25 | $0.95 | $-0.06 | ||
| Q4 24 | $0.75 | $0.27 | ||
| Q3 24 | $0.82 | $0.75 | ||
| Q2 24 | $1.06 | $0.18 | ||
| Q1 24 | $1.00 | $0.50 |
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 | $588.5M |
| 总债务越低越好 | $155.0M | $747.5M |
| 股东权益账面价值 | $1.9B | $4.4B |
| 总资产 | $3.1B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.17× |
8季度趋势，按日历期对齐
现金及短期投资AOSAVAV
| Q4 25 | $193.2M | $588.5M | ||
| Q3 25 | $172.8M | $685.8M | ||
| Q2 25 | $177.9M | $40.9M | ||
| Q1 25 | $200.2M | $47.0M | ||
| Q4 24 | $276.1M | $69.0M | ||
| Q3 24 | $255.6M | $81.2M | ||
| Q2 24 | $233.3M | $73.3M | ||
| Q1 24 | $303.1M | $107.7M |
总债务AOSAVAV
| Q4 25 | $155.0M | $747.5M | ||
| Q3 25 | — | $747.5M | ||
| Q2 25 | — | $30.0M | ||
| Q1 25 | — | $25.0M | ||
| Q4 24 | $193.2M | $15.0M | ||
| Q3 24 | — | $17.5M | ||
| Q2 24 | — | $28.0M | ||
| Q1 24 | — | $40.0M |
股东权益AOSAVAV
| Q4 25 | $1.9B | $4.4B | ||
| Q3 25 | $1.8B | $4.4B | ||
| Q2 25 | $1.8B | $886.5M | ||
| Q1 25 | $1.9B | $861.1M | ||
| Q4 24 | $1.9B | $858.4M | ||
| Q3 24 | $1.9B | $845.5M | ||
| Q2 24 | $1.9B | $822.7M | ||
| Q1 24 | $1.9B | $813.0M |
总资产AOSAVAV
| Q4 25 | $3.1B | $5.6B | ||
| Q3 25 | $3.2B | $5.6B | ||
| Q2 25 | $3.2B | $1.1B | ||
| Q1 25 | $3.3B | $1.0B | ||
| Q4 24 | $3.2B | $1.0B | ||
| Q3 24 | $3.2B | $999.2M | ||
| Q2 24 | $3.2B | $1.0B | ||
| Q1 24 | $3.2B | $980.3M |
负债/权益比AOSAVAV
| Q4 25 | 0.08× | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | 0.10× | 0.02× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.03× | ||
| Q1 24 | — | 0.05× |
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 | $-45.1M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $-55.9M |
| 自由现金流率自由现金流/营收 | 18.1% | -11.8% |
| 资本支出强度资本支出/营收 | 1.9% | 2.3% |
| 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 | $546.0M | $-240.7M |
8季度趋势，按日历期对齐
经营现金流AOSAVAV
| Q4 25 | $183.1M | $-45.1M | ||
| Q3 25 | $255.4M | $-123.7M | ||
| Q2 25 | $139.6M | $-264.0K | ||
| Q1 25 | $38.7M | $-25.8M | ||
| Q4 24 | $221.9M | $-3.6M | ||
| Q3 24 | $195.9M | $28.4M | ||
| Q2 24 | $57.4M | $-11.7M | ||
| Q1 24 | $106.6M | $52.6M |
自由现金流AOSAVAV
| Q4 25 | $165.5M | $-55.9M | ||
| Q3 25 | $240.6M | $-146.5M | ||
| Q2 25 | $122.5M | $-8.8M | ||
| Q1 25 | $17.4M | $-29.6M | ||
| Q4 24 | $191.3M | $-8.7M | ||
| Q3 24 | $163.4M | $22.9M | ||
| Q2 24 | $34.5M | $-20.8M | ||
| Q1 24 | $84.6M | $48.8M |
自由现金流率AOSAVAV
| Q4 25 | 18.1% | -11.8% | ||
| Q3 25 | 25.5% | -32.2% | ||
| Q2 25 | 12.1% | -3.2% | ||
| Q1 25 | 1.8% | -17.7% | ||
| Q4 24 | 21.0% | -4.6% | ||
| Q3 24 | 18.1% | 12.1% | ||
| Q2 24 | 3.4% | -10.5% | ||
| Q1 24 | 8.6% | 26.1% |
资本支出强度AOSAVAV
| Q4 25 | 1.9% | 2.3% | ||
| Q3 25 | 1.6% | 5.0% | ||
| Q2 25 | 1.7% | 3.1% | ||
| Q1 25 | 2.2% | 2.3% | ||
| Q4 24 | 3.4% | 2.7% | ||
| Q3 24 | 3.6% | 2.9% | ||
| Q2 24 | 2.2% | 4.6% | ||
| Q1 24 | 2.2% | 2.0% |
现金转化率AOSAVAV
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | -0.02× | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | -0.48× | ||
| Q3 24 | 1.63× | 1.34× | ||
| Q2 24 | 0.37× | -1.93× | ||
| Q1 24 | 0.72× | 3.79× |
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% |
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
