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A.O.史密斯（AOS）与Traeger, Inc.（COOK）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Traeger, Inc.的6.3倍（$912.5M vs $145.4M）。A.O.史密斯净利率更高（13.7% vs -11.8%，领先25.6%）。A.O.史密斯同比增速更快（0.0% vs -13.8%）。A.O.史密斯自由现金流更多（$165.5M vs $14.2M）。过去两年Traeger, Inc.的营收复合增速更高（0.2% 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。
Traeger, Inc.是一家专注于户外烹饪设备研发生产的企业，主营高端木颗粒烤炉、配套配件及专用木颗粒燃料，主要面向北美、欧洲、澳洲市场，通过零售渠道和直营模式服务家庭及商用餐饮客户。
AOS vs COOK — 直观对比
营收规模更大
AOS
是对方的6.3倍
$145.4M
营收增速更快
AOS
高出13.8%
-13.8%
净利率更高
AOS
高出25.6%
-11.8%
自由现金流更多
AOS
多$151.3M
$14.2M
两年增速更快
COOK
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $145.4M |
| 净利润 | $125.4M | $-17.2M |
| 毛利率 | 38.4% | 37.4% |
| 营业利润率 | 17.9% | -8.0% |
| 净利率 | 13.7% | -11.8% |
| 营收同比 | 0.0% | -13.8% |
| 净利润同比 | 14.3% | -147.2% |
| 每股收益（稀释后） | $0.89 | $-0.13 |
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AOSCOOK
| Q4 25 | $912.5M | $145.4M | ||
| Q3 25 | $942.5M | $125.4M | ||
| Q2 25 | $1.0B | $145.5M | ||
| Q1 25 | $963.9M | $143.3M | ||
| Q4 24 | $912.4M | $168.6M | ||
| Q3 24 | $902.6M | $122.0M | ||
| Q2 24 | $1.0B | $168.5M | ||
| Q1 24 | $978.8M | $144.9M |
净利润AOSCOOK
| Q4 25 | $125.4M | $-17.2M | ||
| Q3 25 | $132.0M | $-89.8M | ||
| Q2 25 | $152.2M | $-7.4M | ||
| Q1 25 | $136.6M | $-778.0K | ||
| Q4 24 | $109.7M | $-7.0M | ||
| Q3 24 | $120.1M | $-19.8M | ||
| Q2 24 | $156.2M | $-2.6M | ||
| Q1 24 | $147.6M | $-4.7M |
毛利率AOSCOOK
| Q4 25 | 38.4% | 37.4% | ||
| Q3 25 | 38.7% | 38.7% | ||
| Q2 25 | 39.3% | 39.2% | ||
| Q1 25 | 38.9% | 41.5% | ||
| Q4 24 | 37.1% | 40.9% | ||
| Q3 24 | 37.4% | 42.3% | ||
| Q2 24 | 38.7% | 42.9% | ||
| Q1 24 | 39.3% | 43.2% |
营业利润率AOSCOOK
| Q4 25 | 17.9% | -8.0% | ||
| Q3 25 | 18.6% | -66.5% | ||
| Q2 25 | 20.4% | -4.2% | ||
| Q1 25 | 19.1% | 2.4% | ||
| Q4 24 | 10.1% | -0.1% | ||
| Q3 24 | 19.5% | -6.1% | ||
| Q2 24 | 21.9% | 2.8% | ||
| Q1 24 | 22.0% | -0.1% |
净利率AOSCOOK
| Q4 25 | 13.7% | -11.8% | ||
| Q3 25 | 14.0% | -71.6% | ||
| Q2 25 | 15.0% | -5.1% | ||
| Q1 25 | 14.2% | -0.5% | ||
| Q4 24 | 12.0% | -4.1% | ||
| Q3 24 | 13.3% | -16.2% | ||
| Q2 24 | 15.2% | -1.5% | ||
| Q1 24 | 15.1% | -3.2% |
每股收益（稀释后）AOSCOOK
| Q4 25 | $0.89 | $-0.13 | ||
| Q3 25 | $0.94 | $-0.67 | ||
| Q2 25 | $1.07 | $-0.06 | ||
| Q1 25 | $0.95 | $-0.01 | ||
| Q4 24 | $0.75 | $-0.06 | ||
| Q3 24 | $0.82 | $-0.15 | ||
| Q2 24 | $1.06 | $-0.02 | ||
| 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 | $19.6M |
| 总债务越低越好 | $155.0M | $403.3M |
| 股东权益账面价值 | $1.9B | $170.8M |
| 总资产 | $3.1B | $676.0M |
| 负债/权益比越低杠杆越低 | 0.08× | 2.36× |
8季度趋势，按日历期对齐
现金及短期投资AOSCOOK
| Q4 25 | $193.2M | $19.6M | ||
| Q3 25 | $172.8M | $5.9M | ||
| Q2 25 | $177.9M | $10.3M | ||
| Q1 25 | $200.2M | $12.0M | ||
| Q4 24 | $276.1M | $15.0M | ||
| Q3 24 | $255.6M | $16.9M | ||
| Q2 24 | $233.3M | $18.0M | ||
| Q1 24 | $303.1M | $23.6M |
总债务AOSCOOK
| Q4 25 | $155.0M | $403.3M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | $403.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSCOOK
| Q4 25 | $1.9B | $170.8M | ||
| Q3 25 | $1.8B | $186.1M | ||
| Q2 25 | $1.8B | $274.2M | ||
| Q1 25 | $1.9B | $279.6M | ||
| Q4 24 | $1.9B | $276.4M | ||
| Q3 24 | $1.9B | $279.8M | ||
| Q2 24 | $1.9B | $297.3M | ||
| Q1 24 | $1.9B | $294.6M |
总资产AOSCOOK
| Q4 25 | $3.1B | $676.0M | ||
| Q3 25 | $3.2B | $689.6M | ||
| Q2 25 | $3.2B | $780.6M | ||
| Q1 25 | $3.3B | $825.6M | ||
| Q4 24 | $3.2B | $830.7M | ||
| Q3 24 | $3.2B | $818.1M | ||
| Q2 24 | $3.2B | $842.4M | ||
| Q1 24 | $3.2B | $862.1M |
负债/权益比AOSCOOK
| Q4 25 | 0.08× | 2.36× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | 1.46× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $14.2M |
| 自由现金流率自由现金流/营收 | 18.1% | 9.8% |
| 资本支出强度资本支出/营收 | 1.9% | 0.9% |
| 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 | $13.6M |
8季度趋势，按日历期对齐
经营现金流AOSCOOK
| Q4 25 | $183.1M | $15.5M | ||
| Q3 25 | $255.4M | $7.6M | ||
| Q2 25 | $139.6M | $18.3M | ||
| Q1 25 | $38.7M | $-20.8M | ||
| Q4 24 | $221.9M | $7.5M | ||
| Q3 24 | $195.9M | $15.1M | ||
| Q2 24 | $57.4M | $13.9M | ||
| Q1 24 | $106.6M | $-12.6M |
自由现金流AOSCOOK
| Q4 25 | $165.5M | $14.2M | ||
| Q3 25 | $240.6M | $6.4M | ||
| Q2 25 | $122.5M | $15.7M | ||
| Q1 25 | $17.4M | $-22.7M | ||
| Q4 24 | $191.3M | $5.5M | ||
| Q3 24 | $163.4M | $12.8M | ||
| Q2 24 | $34.5M | $11.8M | ||
| Q1 24 | $84.6M | $-18.3M |
自由现金流率AOSCOOK
| Q4 25 | 18.1% | 9.8% | ||
| Q3 25 | 25.5% | 5.1% | ||
| Q2 25 | 12.1% | 10.8% | ||
| Q1 25 | 1.8% | -15.8% | ||
| Q4 24 | 21.0% | 3.3% | ||
| Q3 24 | 18.1% | 10.5% | ||
| Q2 24 | 3.4% | 7.0% | ||
| Q1 24 | 8.6% | -12.6% |
资本支出强度AOSCOOK
| Q4 25 | 1.9% | 0.9% | ||
| Q3 25 | 1.6% | 0.9% | ||
| Q2 25 | 1.7% | 1.8% | ||
| Q1 25 | 2.2% | 1.3% | ||
| Q4 24 | 3.4% | 1.2% | ||
| Q3 24 | 3.6% | 1.9% | ||
| Q2 24 | 2.2% | 1.2% | ||
| Q1 24 | 2.2% | 3.9% |
现金转化率AOSCOOK
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.72× | — |
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% |
COOK
| Grills | $60.6M | 42% |
| Accessories | $49.2M | 34% |
| Consumables | $35.5M | 24% |
