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A.O.史密斯（AOS）与丹麦皇冠（CCK）财务数据对比。点击上方公司名可切换其他公司
丹麦皇冠的季度营收约是A.O.史密斯的3.4倍（$3.1B vs $912.5M）。A.O.史密斯净利率更高（13.7% vs 4.8%，领先8.9%）。丹麦皇冠同比增速更快（7.7% vs 0.0%）。丹麦皇冠自由现金流更多（$255.0M vs $165.5M）。过去两年丹麦皇冠的营收复合增速更高（6.0% 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。
丹麦皇冠是来自丹麦的国际化食品企业，核心业务涵盖生猪、肉牛的屠宰加工及销售，旗下拥有多家子公司，业务覆盖食品行业多品类产品领域，首席执行官为尼尔斯·迪达尔，总部位于兰讷斯。
AOS vs CCK — 直观对比
营收规模更大
CCK
是对方的3.4倍
$912.5M
营收增速更快
CCK
高出7.7%
0.0%
净利率更高
AOS
高出8.9%
4.8%
自由现金流更多
CCK
多$89.5M
$165.5M
两年增速更快
CCK
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $3.1B |
| 净利润 | $125.4M | $150.0M |
| 毛利率 | 38.4% | — |
| 营业利润率 | 17.9% | 12.0% |
| 净利率 | 13.7% | 4.8% |
| 营收同比 | 0.0% | 7.7% |
| 净利润同比 | 14.3% | -58.1% |
| 每股收益（稀释后） | $0.89 | $1.32 |
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AOSCCK
| Q4 25 | $912.5M | $3.1B | ||
| Q3 25 | $942.5M | $3.2B | ||
| Q2 25 | $1.0B | $3.1B | ||
| Q1 25 | $963.9M | $2.9B | ||
| Q4 24 | $912.4M | $2.9B | ||
| Q3 24 | $902.6M | $3.1B | ||
| Q2 24 | $1.0B | $3.0B | ||
| Q1 24 | $978.8M | $2.8B |
净利润AOSCCK
| Q4 25 | $125.4M | $150.0M | ||
| Q3 25 | $132.0M | $214.0M | ||
| Q2 25 | $152.2M | $181.0M | ||
| Q1 25 | $136.6M | $193.0M | ||
| Q4 24 | $109.7M | $358.0M | ||
| Q3 24 | $120.1M | $-175.0M | ||
| Q2 24 | $156.2M | $174.0M | ||
| Q1 24 | $147.6M | $67.0M |
毛利率AOSCCK
| Q4 25 | 38.4% | — | ||
| Q3 25 | 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AOSCCK
| Q4 25 | 17.9% | 12.0% | ||
| Q3 25 | 18.6% | 13.2% | ||
| Q2 25 | 20.4% | 12.4% | ||
| Q1 25 | 19.1% | 12.6% | ||
| Q4 24 | 10.1% | 12.1% | ||
| Q3 24 | 19.5% | 14.4% | ||
| Q2 24 | 21.9% | 12.5% | ||
| Q1 24 | 22.0% | 8.8% |
净利率AOSCCK
| Q4 25 | 13.7% | 4.8% | ||
| Q3 25 | 14.0% | 6.7% | ||
| Q2 25 | 15.0% | 5.7% | ||
| Q1 25 | 14.2% | 6.7% | ||
| Q4 24 | 12.0% | 12.3% | ||
| Q3 24 | 13.3% | -5.7% | ||
| Q2 24 | 15.2% | 5.7% | ||
| Q1 24 | 15.1% | 2.4% |
每股收益（稀释后）AOSCCK
| Q4 25 | $0.89 | $1.32 | ||
| Q3 25 | $0.94 | $1.85 | ||
| Q2 25 | $1.07 | $1.56 | ||
| Q1 25 | $0.95 | $1.65 | ||
| Q4 24 | $0.75 | $3.01 | ||
| Q3 24 | $0.82 | $-1.47 | ||
| Q2 24 | $1.06 | $1.45 | ||
| Q1 24 | $1.00 | $0.56 |
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 | $764.0M |
| 总债务越低越好 | $155.0M | $5.9B |
| 股东权益账面价值 | $1.9B | $3.0B |
| 总资产 | $3.1B | $14.3B |
| 负债/权益比越低杠杆越低 | 0.08× | 1.96× |
8季度趋势，按日历期对齐
现金及短期投资AOSCCK
| Q4 25 | $193.2M | $764.0M | ||
| Q3 25 | $172.8M | $1.2B | ||
| Q2 25 | $177.9M | $936.0M | ||
| Q1 25 | $200.2M | $779.0M | ||
| Q4 24 | $276.1M | $918.0M | ||
| Q3 24 | $255.6M | $1.7B | ||
| Q2 24 | $233.3M | $1.4B | ||
| Q1 24 | $303.1M | $1.1B |
总债务AOSCCK
| Q4 25 | $155.0M | $5.9B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | $193.2M | $6.1B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.3B | ||
| Q1 24 | — | $7.4B |
股东权益AOSCCK
| Q4 25 | $1.9B | $3.0B | ||
| Q3 25 | $1.8B | $3.0B | ||
| Q2 25 | $1.8B | $2.9B | ||
| Q1 25 | $1.9B | $2.7B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $1.9B | $2.5B | ||
| Q2 24 | $1.9B | $2.5B | ||
| Q1 24 | $1.9B | $2.5B |
总资产AOSCCK
| Q4 25 | $3.1B | $14.3B | ||
| Q3 25 | $3.2B | $14.6B | ||
| Q2 25 | $3.2B | $14.5B | ||
| Q1 25 | $3.3B | $13.8B | ||
| Q4 24 | $3.2B | $13.8B | ||
| Q3 24 | $3.2B | $15.1B | ||
| Q2 24 | $3.2B | $14.9B | ||
| Q1 24 | $3.2B | $14.7B |
负债/权益比AOSCCK
| Q4 25 | 0.08× | 1.96× | ||
| Q3 25 | — | 2.07× | ||
| Q2 25 | — | 2.18× | ||
| Q1 25 | — | 2.31× | ||
| Q4 24 | 0.10× | 2.23× | ||
| Q3 24 | — | 2.93× | ||
| Q2 24 | — | 2.92× | ||
| Q1 24 | — | 2.98× |
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 | $487.0M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $255.0M |
| 自由现金流率自由现金流/营收 | 18.1% | 8.2% |
| 资本支出强度资本支出/营收 | 1.9% | 7.4% |
| 现金转化率经营现金流/净利润 | 1.46× | 3.25× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流AOSCCK
| Q4 25 | $183.1M | $487.0M | ||
| Q3 25 | $255.4M | $580.0M | ||
| Q2 25 | $139.6M | $449.0M | ||
| Q1 25 | $38.7M | $14.0M | ||
| Q4 24 | $221.9M | $295.0M | ||
| Q3 24 | $195.9M | $554.0M | ||
| Q2 24 | $57.4M | $445.0M | ||
| Q1 24 | $106.6M | $-102.0M |
自由现金流AOSCCK
| Q4 25 | $165.5M | $255.0M | ||
| Q3 25 | $240.6M | $488.0M | ||
| Q2 25 | $122.5M | $393.0M | ||
| Q1 25 | $17.4M | $-19.0M | ||
| Q4 24 | $191.3M | $146.0M | ||
| Q3 24 | $163.4M | $478.0M | ||
| Q2 24 | $34.5M | $361.0M | ||
| Q1 24 | $84.6M | $-196.0M |
自由现金流率AOSCCK
| Q4 25 | 18.1% | 8.2% | ||
| Q3 25 | 25.5% | 15.2% | ||
| Q2 25 | 12.1% | 12.5% | ||
| Q1 25 | 1.8% | -0.7% | ||
| Q4 24 | 21.0% | 5.0% | ||
| Q3 24 | 18.1% | 15.5% | ||
| Q2 24 | 3.4% | 11.9% | ||
| Q1 24 | 8.6% | -7.0% |
资本支出强度AOSCCK
| Q4 25 | 1.9% | 7.4% | ||
| Q3 25 | 1.6% | 2.9% | ||
| Q2 25 | 1.7% | 1.8% | ||
| Q1 25 | 2.2% | 1.1% | ||
| Q4 24 | 3.4% | 5.1% | ||
| Q3 24 | 3.6% | 2.5% | ||
| Q2 24 | 2.2% | 2.8% | ||
| Q1 24 | 2.2% | 3.4% |
现金转化率AOSCCK
| Q4 25 | 1.46× | 3.25× | ||
| Q3 25 | 1.93× | 2.71× | ||
| Q2 25 | 0.92× | 2.48× | ||
| Q1 25 | 0.28× | 0.07× | ||
| Q4 24 | 2.02× | 0.82× | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | 2.56× | ||
| Q1 24 | 0.72× | -1.52× |
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% |
CCK
| Transferred Over Time | $1.8B | 57% |
| Transferred At Point In Time | $1.3B | 43% |
