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A.O.史密斯（AOS）与Church & Dwight（CHD）财务数据对比。点击上方公司名可切换其他公司
Church & Dwight的季度营收约是A.O.史密斯的1.8倍（$1.6B vs $912.5M），A.O.史密斯净利率更高（13.7% vs 8.7%，领先5.0%），Church & Dwight同比增速更快（3.9% vs 0.0%），过去两年Church & Dwight的营收复合增速更高（4.6% 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。
Church & Dwight是美国知名消费品企业，成立于1847年，总部位于新泽西州尤因。公司主营个人护理、家居用品及特色产品，旗下拥有Arm & Hammer、Trojan、OxiClean等知名品牌，2022年全年营收达54亿美元。
AOS vs CHD — 直观对比
营收规模更大
CHD
是对方的1.8倍
$912.5M
营收增速更快
CHD
高出3.9%
0.0%
净利率更高
AOS
高出5.0%
8.7%
两年增速更快
CHD
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $1.6B |
| 净利润 | $125.4M | $143.5M |
| 毛利率 | 38.4% | 45.8% |
| 营业利润率 | 17.9% | 16.2% |
| 净利率 | 13.7% | 8.7% |
| 营收同比 | 0.0% | 3.9% |
| 净利润同比 | 14.3% | -24.2% |
| 每股收益（稀释后） | $0.89 | $0.60 |
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AOSCHD
| Q4 25 | $912.5M | $1.6B | ||
| Q3 25 | $942.5M | $1.6B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $963.9M | $1.5B | ||
| Q4 24 | $912.4M | $1.6B | ||
| Q3 24 | $902.6M | $1.5B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $978.8M | $1.5B |
净利润AOSCHD
| Q4 25 | $125.4M | $143.5M | ||
| Q3 25 | $132.0M | $182.2M | ||
| Q2 25 | $152.2M | $191.0M | ||
| Q1 25 | $136.6M | $220.1M | ||
| Q4 24 | $109.7M | $189.2M | ||
| Q3 24 | $120.1M | $-75.1M | ||
| Q2 24 | $156.2M | $243.5M | ||
| Q1 24 | $147.6M | $227.7M |
毛利率AOSCHD
| Q4 25 | 38.4% | 45.8% | ||
| Q3 25 | 38.7% | 45.1% | ||
| Q2 25 | 39.3% | 43.0% | ||
| Q1 25 | 38.9% | 45.0% | ||
| Q4 24 | 37.1% | 44.7% | ||
| Q3 24 | 37.4% | 45.2% | ||
| Q2 24 | 38.7% | 47.1% | ||
| Q1 24 | 39.3% | 45.7% |
营业利润率AOSCHD
| Q4 25 | 17.9% | 16.2% | ||
| Q3 25 | 18.6% | 16.1% | ||
| Q2 25 | 20.4% | 17.4% | ||
| Q1 25 | 19.1% | 20.1% | ||
| Q4 24 | 10.1% | 16.2% | ||
| Q3 24 | 19.5% | -6.1% | ||
| Q2 24 | 21.9% | 22.3% | ||
| Q1 24 | 22.0% | 20.3% |
净利率AOSCHD
| Q4 25 | 13.7% | 8.7% | ||
| Q3 25 | 14.0% | 11.5% | ||
| Q2 25 | 15.0% | 12.7% | ||
| Q1 25 | 14.2% | 15.0% | ||
| Q4 24 | 12.0% | 12.0% | ||
| Q3 24 | 13.3% | -5.0% | ||
| Q2 24 | 15.2% | 16.1% | ||
| Q1 24 | 15.1% | 15.1% |
每股收益（稀释后）AOSCHD
| Q4 25 | $0.89 | $0.60 | ||
| Q3 25 | $0.94 | $0.75 | ||
| Q2 25 | $1.07 | $0.78 | ||
| Q1 25 | $0.95 | $0.89 | ||
| Q4 24 | $0.75 | $0.76 | ||
| Q3 24 | $0.82 | $-0.31 | ||
| Q2 24 | $1.06 | $0.99 | ||
| Q1 24 | $1.00 | $0.93 |
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 | $409.0M |
| 总债务越低越好 | $155.0M | $2.2B |
| 股东权益账面价值 | $1.9B | $4.0B |
| 总资产 | $3.1B | $8.9B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资AOSCHD
| Q4 25 | $193.2M | $409.0M | ||
| Q3 25 | $172.8M | $305.3M | ||
| Q2 25 | $177.9M | $923.2M | ||
| Q1 25 | $200.2M | $1.1B | ||
| Q4 24 | $276.1M | $964.1M | ||
| Q3 24 | $255.6M | $752.1M | ||
| Q2 24 | $233.3M | $491.7M | ||
| Q1 24 | $303.1M | $349.7M |
总债务AOSCHD
| Q4 25 | $155.0M | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $193.2M | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.2B |
股东权益AOSCHD
| Q4 25 | $1.9B | $4.0B | ||
| Q3 25 | $1.8B | $4.2B | ||
| Q2 25 | $1.8B | $4.4B | ||
| Q1 25 | $1.9B | $4.6B | ||
| Q4 24 | $1.9B | $4.4B | ||
| Q3 24 | $1.9B | $4.2B | ||
| Q2 24 | $1.9B | $4.3B | ||
| Q1 24 | $1.9B | $4.1B |
总资产AOSCHD
| Q4 25 | $3.1B | $8.9B | ||
| Q3 25 | $3.2B | $9.1B | ||
| Q2 25 | $3.2B | $8.8B | ||
| Q1 25 | $3.3B | $9.0B | ||
| Q4 24 | $3.2B | $8.9B | ||
| Q3 24 | $3.2B | $8.7B | ||
| Q2 24 | $3.2B | $8.8B | ||
| Q1 24 | $3.2B | $8.6B |
负债/权益比AOSCHD
| Q4 25 | 0.08× | 0.55× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | 0.10× | 0.51× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.54× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $165.5M | — |
| 自由现金流率自由现金流/营收 | 18.1% | — |
| 资本支出强度资本支出/营收 | 1.9% | 3.4% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AOSCHD
| Q4 25 | $183.1M | — | ||
| Q3 25 | $255.4M | — | ||
| Q2 25 | $139.6M | — | ||
| Q1 25 | $38.7M | — | ||
| Q4 24 | $221.9M | $292.3M | ||
| Q3 24 | $195.9M | $364.0M | ||
| Q2 24 | $57.4M | $236.9M | ||
| Q1 24 | $106.6M | $263.0M |
自由现金流AOSCHD
| Q4 25 | $165.5M | — | ||
| Q3 25 | $240.6M | — | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $17.4M | — | ||
| Q4 24 | $191.3M | $237.7M | ||
| Q3 24 | $163.4M | $315.4M | ||
| Q2 24 | $34.5M | $206.6M | ||
| Q1 24 | $84.6M | $216.7M |
自由现金流率AOSCHD
| Q4 25 | 18.1% | — | ||
| Q3 25 | 25.5% | — | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 21.0% | 15.0% | ||
| Q3 24 | 18.1% | 20.9% | ||
| Q2 24 | 3.4% | 13.7% | ||
| Q1 24 | 8.6% | 14.4% |
资本支出强度AOSCHD
| Q4 25 | 1.9% | 3.4% | ||
| Q3 25 | 1.6% | 1.8% | ||
| Q2 25 | 1.7% | 1.5% | ||
| Q1 25 | 2.2% | 1.1% | ||
| Q4 24 | 3.4% | 3.5% | ||
| Q3 24 | 3.6% | 3.2% | ||
| Q2 24 | 2.2% | 2.0% | ||
| Q1 24 | 2.2% | 3.1% |
现金转化率AOSCHD
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | 1.54× | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | 0.97× | ||
| Q1 24 | 0.72× | 1.16× |
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% |
CHD
| Household Products | $645.3M | 39% |
| Personal Care Products | $625.9M | 38% |
| Consumer International | $299.8M | 18% |
| Specialty Products Division | $73.2M | 4% |
