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A.O.史密斯（AOS）与CECO ENVIRONMENTAL CORP（CECO）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CECO ENVIRONMENTAL CORP的4.3倍（$912.5M vs $214.7M）。A.O.史密斯净利率更高（13.7% vs 1.4%，领先12.3%）。CECO ENVIRONMENTAL CORP同比增速更快（35.4% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $7.3M）。过去两年CECO ENVIRONMENTAL CORP的营收复合增速更高（30.4% 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。
CECO环保是1966年成立的美国工业技术企业，总部位于得克萨斯州达拉斯，在纳斯达克上市，股票代码为CECO。公司面向制造、化工、能源、炼油等工业领域，提供空气污染治理相关的技术、产品及服务，助力工业客户满足环保排放要求。
AOS vs CECO — 直观对比
营收规模更大
AOS
是对方的4.3倍
$214.7M
营收增速更快
CECO
高出35.4%
0.0%
净利率更高
AOS
高出12.3%
1.4%
自由现金流更多
AOS
多$158.2M
$7.3M
两年增速更快
CECO
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $214.7M |
| 净利润 | $125.4M | $3.1M |
| 毛利率 | 38.4% | 35.1% |
| 营业利润率 | 17.9% | 7.7% |
| 净利率 | 13.7% | 1.4% |
| 营收同比 | 0.0% | 35.4% |
| 净利润同比 | 14.3% | -37.3% |
| 每股收益（稀释后） | $0.89 | $0.09 |
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AOSCECO
| Q4 25 | $912.5M | $214.7M | ||
| Q3 25 | $942.5M | $197.6M | ||
| Q2 25 | $1.0B | $185.4M | ||
| Q1 25 | $963.9M | $176.7M | ||
| Q4 24 | $912.4M | $158.6M | ||
| Q3 24 | $902.6M | $135.5M | ||
| Q2 24 | $1.0B | $137.5M | ||
| Q1 24 | $978.8M | $126.3M |
净利润AOSCECO
| Q4 25 | $125.4M | $3.1M | ||
| Q3 25 | $132.0M | $1.5M | ||
| Q2 25 | $152.2M | $9.5M | ||
| Q1 25 | $136.6M | $36.0M | ||
| Q4 24 | $109.7M | $4.9M | ||
| Q3 24 | $120.1M | $2.1M | ||
| Q2 24 | $156.2M | $4.5M | ||
| Q1 24 | $147.6M | $1.5M |
毛利率AOSCECO
| Q4 25 | 38.4% | 35.1% | ||
| Q3 25 | 38.7% | 32.7% | ||
| Q2 25 | 39.3% | 36.2% | ||
| Q1 25 | 38.9% | 35.2% | ||
| Q4 24 | 37.1% | 35.8% | ||
| Q3 24 | 37.4% | 33.4% | ||
| Q2 24 | 38.7% | 35.7% | ||
| Q1 24 | 39.3% | 35.7% |
营业利润率AOSCECO
| Q4 25 | 17.9% | 7.7% | ||
| Q3 25 | 18.6% | 4.8% | ||
| Q2 25 | 20.4% | 9.7% | ||
| Q1 25 | 19.1% | 35.0% | ||
| Q4 24 | 10.1% | 7.1% | ||
| Q3 24 | 19.5% | 5.3% | ||
| Q2 24 | 21.9% | 6.7% | ||
| Q1 24 | 22.0% | 6.1% |
净利率AOSCECO
| Q4 25 | 13.7% | 1.4% | ||
| Q3 25 | 14.0% | 0.8% | ||
| Q2 25 | 15.0% | 5.1% | ||
| Q1 25 | 14.2% | 20.4% | ||
| Q4 24 | 12.0% | 3.1% | ||
| Q3 24 | 13.3% | 1.5% | ||
| Q2 24 | 15.2% | 3.3% | ||
| Q1 24 | 15.1% | 1.2% |
每股收益（稀释后）AOSCECO
| Q4 25 | $0.89 | $0.09 | ||
| Q3 25 | $0.94 | $0.04 | ||
| Q2 25 | $1.07 | $0.26 | ||
| Q1 25 | $0.95 | $0.98 | ||
| Q4 24 | $0.75 | $0.14 | ||
| Q3 24 | $0.82 | $0.06 | ||
| Q2 24 | $1.06 | $0.12 | ||
| Q1 24 | $1.00 | $0.04 |
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 | $33.1M |
| 总债务越低越好 | $155.0M | $212.4M |
| 股东权益账面价值 | $1.9B | $317.5M |
| 总资产 | $3.1B | $893.8M |
| 负债/权益比越低杠杆越低 | 0.08× | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资AOSCECO
| Q4 25 | $193.2M | $33.1M | ||
| Q3 25 | $172.8M | $32.8M | ||
| Q2 25 | $177.9M | $36.8M | ||
| Q1 25 | $200.2M | $146.5M | ||
| Q4 24 | $276.1M | $37.8M | ||
| Q3 24 | $255.6M | $38.7M | ||
| Q2 24 | $233.3M | $36.5M | ||
| Q1 24 | $303.1M | $46.6M |
总债务AOSCECO
| Q4 25 | $155.0M | $212.4M | ||
| Q3 25 | — | $220.9M | ||
| Q2 25 | — | $238.7M | ||
| Q1 25 | — | $339.7M | ||
| Q4 24 | $193.2M | $218.9M | ||
| Q3 24 | — | $133.4M | ||
| Q2 24 | — | $130.8M | ||
| Q1 24 | — | $135.7M |
股东权益AOSCECO
| Q4 25 | $1.9B | $317.5M | ||
| Q3 25 | $1.8B | $309.2M | ||
| Q2 25 | $1.8B | $298.4M | ||
| Q1 25 | $1.9B | $285.8M | ||
| Q4 24 | $1.9B | $247.7M | ||
| Q3 24 | $1.9B | $241.3M | ||
| Q2 24 | $1.9B | $235.0M | ||
| Q1 24 | $1.9B | $231.5M |
总资产AOSCECO
| Q4 25 | $3.1B | $893.8M | ||
| Q3 25 | $3.2B | $891.9M | ||
| Q2 25 | $3.2B | $876.6M | ||
| Q1 25 | $3.3B | $957.1M | ||
| Q4 24 | $3.2B | $759.7M | ||
| Q3 24 | $3.2B | $621.5M | ||
| Q2 24 | $3.2B | $598.1M | ||
| Q1 24 | $3.2B | $589.0M |
负债/权益比AOSCECO
| Q4 25 | 0.08× | 0.67× | ||
| Q3 25 | — | 0.71× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 1.19× | ||
| Q4 24 | 0.10× | 0.88× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | — | 0.59× |
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 | $10.0M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $7.3M |
| 自由现金流率自由现金流/营收 | 18.1% | 3.4% |
| 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× | 3.26× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $-5.5M |
8季度趋势，按日历期对齐
经营现金流AOSCECO
| Q4 25 | $183.1M | $10.0M | ||
| Q3 25 | $255.4M | $15.3M | ||
| Q2 25 | $139.6M | $-7.7M | ||
| Q1 25 | $38.7M | $-11.7M | ||
| Q4 24 | $221.9M | $1.8M | ||
| Q3 24 | $195.9M | $15.1M | ||
| Q2 24 | $57.4M | $6.7M | ||
| Q1 24 | $106.6M | $1.2M |
自由现金流AOSCECO
| Q4 25 | $165.5M | $7.3M | ||
| Q3 25 | $240.6M | $11.0M | ||
| Q2 25 | $122.5M | $-8.7M | ||
| Q1 25 | $17.4M | $-15.1M | ||
| Q4 24 | $191.3M | $-4.3M | ||
| Q3 24 | $163.4M | $11.1M | ||
| Q2 24 | $34.5M | $2.5M | ||
| Q1 24 | $84.6M | $-1.9M |
自由现金流率AOSCECO
| Q4 25 | 18.1% | 3.4% | ||
| Q3 25 | 25.5% | 5.6% | ||
| Q2 25 | 12.1% | -4.7% | ||
| Q1 25 | 1.8% | -8.5% | ||
| Q4 24 | 21.0% | -2.7% | ||
| Q3 24 | 18.1% | 8.2% | ||
| Q2 24 | 3.4% | 1.9% | ||
| Q1 24 | 8.6% | -1.5% |
资本支出强度AOSCECO
| Q4 25 | 1.9% | 1.2% | ||
| Q3 25 | 1.6% | 2.1% | ||
| Q2 25 | 1.7% | 0.6% | ||
| Q1 25 | 2.2% | 1.9% | ||
| Q4 24 | 3.4% | 3.9% | ||
| Q3 24 | 3.6% | 3.0% | ||
| Q2 24 | 2.2% | 3.0% | ||
| Q1 24 | 2.2% | 2.5% |
现金转化率AOSCECO
| Q4 25 | 1.46× | 3.26× | ||
| Q3 25 | 1.93× | 10.18× | ||
| Q2 25 | 0.92× | -0.81× | ||
| Q1 25 | 0.28× | -0.33× | ||
| Q4 24 | 2.02× | 0.37× | ||
| Q3 24 | 1.63× | 7.24× | ||
| Q2 24 | 0.37× | 1.49× | ||
| Q1 24 | 0.72× | 0.81× |
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% |
CECO
暂无分部数据
