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A.O.史密斯（AOS）与COLUMBUS MCKINNON CORP（CMCO）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COLUMBUS MCKINNON CORP的3.5倍（$912.5M vs $258.7M）。A.O.史密斯净利率更高（13.7% vs 2.3%，领先11.4%）。COLUMBUS MCKINNON CORP同比增速更快（10.5% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $16.5M）。过去两年COLUMBUS MCKINNON CORP的营收复合增速更高（-1.3% 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。
哥伦布麦金农公司是全球领先的智能运动及物料搬运解决方案提供商，主营起重机、卷扬机、升降设备及工业自动化系统，服务工业、建筑、物流、能源等领域，业务覆盖北美、欧洲及亚太地区，为各类重载作业场景提供安全高效的解决方案。
AOS vs CMCO — 直观对比
营收规模更大
AOS
是对方的3.5倍
$258.7M
营收增速更快
CMCO
高出10.5%
0.0%
净利率更高
AOS
高出11.4%
2.3%
自由现金流更多
AOS
多$149.0M
$16.5M
两年增速更快
CMCO
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $258.7M |
| 净利润 | $125.4M | $6.0M |
| 毛利率 | 38.4% | 34.5% |
| 营业利润率 | 17.9% | 6.3% |
| 净利率 | 13.7% | 2.3% |
| 营收同比 | 0.0% | 10.5% |
| 净利润同比 | 14.3% | 51.5% |
| 每股收益（稀释后） | $0.89 | $0.21 |
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AOSCMCO
| Q4 25 | $912.5M | $258.7M | ||
| Q3 25 | $942.5M | $261.0M | ||
| Q2 25 | $1.0B | $235.9M | ||
| Q1 25 | $963.9M | $246.9M | ||
| Q4 24 | $912.4M | $234.1M | ||
| Q3 24 | $902.6M | $242.3M | ||
| Q2 24 | $1.0B | $239.7M | ||
| Q1 24 | $978.8M | $265.5M |
净利润AOSCMCO
| Q4 25 | $125.4M | $6.0M | ||
| Q3 25 | $132.0M | $4.6M | ||
| Q2 25 | $152.2M | $-1.9M | ||
| Q1 25 | $136.6M | $-2.7M | ||
| Q4 24 | $109.7M | $4.0M | ||
| Q3 24 | $120.1M | $-15.0M | ||
| Q2 24 | $156.2M | $8.6M | ||
| Q1 24 | $147.6M | $11.8M |
毛利率AOSCMCO
| Q4 25 | 38.4% | 34.5% | ||
| Q3 25 | 38.7% | 34.5% | ||
| Q2 25 | 39.3% | 32.7% | ||
| Q1 25 | 38.9% | 32.3% | ||
| Q4 24 | 37.1% | 35.1% | ||
| Q3 24 | 37.4% | 30.9% | ||
| Q2 24 | 38.7% | 37.1% | ||
| Q1 24 | 39.3% | 35.5% |
营业利润率AOSCMCO
| Q4 25 | 17.9% | 6.3% | ||
| Q3 25 | 18.6% | 4.7% | ||
| Q2 25 | 20.4% | 2.3% | ||
| Q1 25 | 19.1% | 2.0% | ||
| Q4 24 | 10.1% | 7.6% | ||
| Q3 24 | 19.5% | 4.5% | ||
| Q2 24 | 21.9% | 8.8% | ||
| Q1 24 | 22.0% | 9.6% |
净利率AOSCMCO
| Q4 25 | 13.7% | 2.3% | ||
| Q3 25 | 14.0% | 1.8% | ||
| Q2 25 | 15.0% | -0.8% | ||
| Q1 25 | 14.2% | -1.1% | ||
| Q4 24 | 12.0% | 1.7% | ||
| Q3 24 | 13.3% | -6.2% | ||
| Q2 24 | 15.2% | 3.6% | ||
| Q1 24 | 15.1% | 4.4% |
每股收益（稀释后）AOSCMCO
| Q4 25 | $0.89 | $0.21 | ||
| Q3 25 | $0.94 | $0.16 | ||
| Q2 25 | $1.07 | $-0.07 | ||
| Q1 25 | $0.95 | $-0.10 | ||
| Q4 24 | $0.75 | $0.14 | ||
| Q3 24 | $0.82 | $-0.52 | ||
| Q2 24 | $1.06 | $0.30 | ||
| Q1 24 | $1.00 | $0.40 |
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 | $35.5M |
| 总债务越低越好 | $155.0M | $399.4M |
| 股东权益账面价值 | $1.9B | $922.9M |
| 总资产 | $3.1B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资AOSCMCO
| Q4 25 | $193.2M | $35.5M | ||
| Q3 25 | $172.8M | $28.0M | ||
| Q2 25 | $177.9M | $28.7M | ||
| Q1 25 | $200.2M | $53.7M | ||
| Q4 24 | $276.1M | $41.2M | ||
| Q3 24 | $255.6M | $55.7M | ||
| Q2 24 | $233.3M | $68.4M | ||
| Q1 24 | $303.1M | $114.1M |
总债务AOSCMCO
| Q4 25 | $155.0M | $399.4M | ||
| Q3 25 | — | $408.5M | ||
| Q2 25 | — | $422.8M | ||
| Q1 25 | — | $420.2M | ||
| Q4 24 | $193.2M | $435.1M | ||
| Q3 24 | — | $449.9M | ||
| Q2 24 | — | $459.7M | ||
| Q1 24 | — | $479.6M |
股东权益AOSCMCO
| Q4 25 | $1.9B | $922.9M | ||
| Q3 25 | $1.8B | $914.6M | ||
| Q2 25 | $1.8B | $910.9M | ||
| Q1 25 | $1.9B | $882.1M | ||
| Q4 24 | $1.9B | $871.6M | ||
| Q3 24 | $1.9B | $896.1M | ||
| Q2 24 | $1.9B | $885.8M | ||
| Q1 24 | $1.9B | $882.1M |
总资产AOSCMCO
| Q4 25 | $3.1B | $1.8B | ||
| Q3 25 | $3.2B | $1.8B | ||
| Q2 25 | $3.2B | $1.8B | ||
| Q1 25 | $3.3B | $1.7B | ||
| Q4 24 | $3.2B | $1.7B | ||
| Q3 24 | $3.2B | $1.8B | ||
| Q2 24 | $3.2B | $1.8B | ||
| Q1 24 | $3.2B | $1.8B |
负债/权益比AOSCMCO
| Q4 25 | 0.08× | 0.43× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | 0.10× | 0.50× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 0.52× | ||
| 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 | $20.3M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $16.5M |
| 自由现金流率自由现金流/营收 | 18.1% | 6.4% |
| 资本支出强度资本支出/营收 | 1.9% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.46× | 3.39× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $39.7M |
8季度趋势，按日历期对齐
经营现金流AOSCMCO
| Q4 25 | $183.1M | $20.3M | ||
| Q3 25 | $255.4M | $18.4M | ||
| Q2 25 | $139.6M | $-18.2M | ||
| Q1 25 | $38.7M | $35.6M | ||
| Q4 24 | $221.9M | $11.4M | ||
| Q3 24 | $195.9M | $9.4M | ||
| Q2 24 | $57.4M | $-10.8M | ||
| Q1 24 | $106.6M | $38.6M |
自由现金流AOSCMCO
| Q4 25 | $165.5M | $16.5M | ||
| Q3 25 | $240.6M | $15.1M | ||
| Q2 25 | $122.5M | $-21.4M | ||
| Q1 25 | $17.4M | $29.5M | ||
| Q4 24 | $191.3M | $6.2M | ||
| Q3 24 | $163.4M | $3.9M | ||
| Q2 24 | $34.5M | $-15.4M | ||
| Q1 24 | $84.6M | $30.1M |
自由现金流率AOSCMCO
| Q4 25 | 18.1% | 6.4% | ||
| Q3 25 | 25.5% | 5.8% | ||
| Q2 25 | 12.1% | -9.1% | ||
| Q1 25 | 1.8% | 11.9% | ||
| Q4 24 | 21.0% | 2.6% | ||
| Q3 24 | 18.1% | 1.6% | ||
| Q2 24 | 3.4% | -6.4% | ||
| Q1 24 | 8.6% | 11.3% |
资本支出强度AOSCMCO
| Q4 25 | 1.9% | 1.5% | ||
| Q3 25 | 1.6% | 1.3% | ||
| Q2 25 | 1.7% | 1.4% | ||
| Q1 25 | 2.2% | 2.5% | ||
| Q4 24 | 3.4% | 2.2% | ||
| Q3 24 | 3.6% | 2.2% | ||
| Q2 24 | 2.2% | 1.9% | ||
| Q1 24 | 2.2% | 3.2% |
现金转化率AOSCMCO
| Q4 25 | 1.46× | 3.39× | ||
| Q3 25 | 1.93× | 4.00× | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | 2.87× | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | -1.25× | ||
| Q1 24 | 0.72× | 3.27× |
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% |
CMCO
| Crane Solutions | $112.9M | 44% |
| Industrial Products | $82.9M | 32% |
| Precision Conveyor Products | $34.2M | 13% |
| Engineered Products | $28.7M | 11% |
