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A.O.史密斯（AOS）与CoStar Group（CSGP）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CoStar Group的1.1倍（$945.6M vs $899.9M），A.O.史密斯净利率更高（12.5% vs 5.2%，领先7.3%），CoStar Group同比增速更快（26.9% vs -2.0%），A.O.史密斯自由现金流更多（$118.9M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs -3.9%）
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。
CoStar Group是1987年成立的美国商业地产服务商，总部位于弗吉尼亚州阿灵顿，业务覆盖北美、欧洲地区，为商业地产行业提供信息、分析及营销解决方案，旗下运营CoStar线上数据库、新闻网站及Apartments.com、Homes.com等多个线上平台。
AOS vs CSGP — 直观对比
营收规模更大
AOS
是对方的1.1倍
$899.9M
营收增速更快
CSGP
高出28.9%
-2.0%
净利率更高
AOS
高出7.3%
5.2%
自由现金流更多
AOS
多$17.6M
$101.3M
两年增速更快
CSGP
近两年复合增速
-3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $899.9M |
| 净利润 | $118.0M | $46.5M |
| 毛利率 | 38.7% | 78.6% |
| 营业利润率 | — | 5.5% |
| 净利率 | 12.5% | 5.2% |
| 营收同比 | -2.0% | 26.9% |
| 净利润同比 | -14.0% | -22.2% |
| 每股收益（稀释后） | $0.85 | $0.12 |
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AOSCSGP
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | $899.9M | ||
| Q3 25 | $942.5M | $833.6M | ||
| Q2 25 | $1.0B | $781.3M | ||
| Q1 25 | $963.9M | $732.2M | ||
| Q4 24 | $912.4M | $709.4M | ||
| Q3 24 | $902.6M | $692.6M | ||
| Q2 24 | $1.0B | $677.8M |
净利润AOSCSGP
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | $46.5M | ||
| Q3 25 | $132.0M | $-30.9M | ||
| Q2 25 | $152.2M | $6.2M | ||
| Q1 25 | $136.6M | $-14.8M | ||
| Q4 24 | $109.7M | $59.8M | ||
| Q3 24 | $120.1M | $53.0M | ||
| Q2 24 | $156.2M | $19.2M |
毛利率AOSCSGP
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | 78.6% | ||
| Q3 25 | 38.7% | 79.3% | ||
| Q2 25 | 39.3% | 78.5% | ||
| Q1 25 | 38.9% | 79.1% | ||
| Q4 24 | 37.1% | 80.1% | ||
| Q3 24 | 37.4% | 79.7% | ||
| Q2 24 | 38.7% | 80.0% |
营业利润率AOSCSGP
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 5.5% | ||
| Q3 25 | 18.6% | -6.1% | ||
| Q2 25 | 20.4% | -3.5% | ||
| Q1 25 | 19.1% | -5.8% | ||
| Q4 24 | 10.1% | 5.6% | ||
| Q3 24 | 19.5% | 3.4% | ||
| Q2 24 | 21.9% | -2.4% |
净利率AOSCSGP
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | 5.2% | ||
| Q3 25 | 14.0% | -3.7% | ||
| Q2 25 | 15.0% | 0.8% | ||
| Q1 25 | 14.2% | -2.0% | ||
| Q4 24 | 12.0% | 8.4% | ||
| Q3 24 | 13.3% | 7.7% | ||
| Q2 24 | 15.2% | 2.8% |
每股收益（稀释后）AOSCSGP
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | $0.12 | ||
| Q3 25 | $0.94 | $-0.07 | ||
| Q2 25 | $1.07 | $0.01 | ||
| Q1 25 | $0.95 | $-0.04 | ||
| Q4 24 | $0.75 | $0.14 | ||
| Q3 24 | $0.82 | $0.13 | ||
| Q2 24 | $1.06 | $0.05 |
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 | $185.2M | $1.6B |
| 总债务越低越好 | $574.2M | $140.0M |
| 股东权益账面价值 | $1.9B | $8.3B |
| 总资产 | $3.7B | $10.5B |
| 负债/权益比越低杠杆越低 | 0.31× | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资AOSCSGP
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $1.6B | ||
| Q3 25 | $172.8M | $1.9B | ||
| Q2 25 | $177.9M | $3.6B | ||
| Q1 25 | $200.2M | $3.7B | ||
| Q4 24 | $276.1M | $4.7B | ||
| Q3 24 | $255.6M | — | ||
| Q2 24 | $233.3M | — |
总债务AOSCSGP
| Q1 26 | $574.2M | — | ||
| Q4 25 | $155.0M | $140.0M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $193.2M | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
股东权益AOSCSGP
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $8.3B | ||
| Q3 25 | $1.8B | $8.6B | ||
| Q2 25 | $1.8B | $8.6B | ||
| Q1 25 | $1.9B | $8.6B | ||
| Q4 24 | $1.9B | $7.6B | ||
| Q3 24 | $1.9B | $7.5B | ||
| Q2 24 | $1.9B | $7.4B |
总资产AOSCSGP
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $10.5B | ||
| Q3 25 | $3.2B | $10.8B | ||
| Q2 25 | $3.2B | $10.5B | ||
| Q1 25 | $3.3B | $10.4B | ||
| Q4 24 | $3.2B | $9.3B | ||
| Q3 24 | $3.2B | $9.1B | ||
| Q2 24 | $3.2B | $9.1B |
负债/权益比AOSCSGP
| Q1 26 | 0.31× | — | ||
| Q4 25 | 0.08× | 0.02× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | 0.10× | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× |
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 | — | $162.1M |
| 自由现金流经营现金流 - 资本支出 | $118.9M | $101.3M |
| 自由现金流率自由现金流/营收 | 12.6% | 11.3% |
| 资本支出强度资本支出/营收 | 1.1% | 6.8% |
| 现金转化率经营现金流/净利润 | — | 3.49× |
| 过去12个月自由现金流最近4个季度 | $647.5M | $123.0M |
8季度趋势，按日历期对齐
经营现金流AOSCSGP
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $162.1M | ||
| Q3 25 | $255.4M | $68.2M | ||
| Q2 25 | $139.6M | $146.5M | ||
| Q1 25 | $38.7M | $53.2M | ||
| Q4 24 | $221.9M | $94.6M | ||
| Q3 24 | $195.9M | $100.3M | ||
| Q2 24 | $57.4M | $58.1M |
自由现金流AOSCSGP
| Q1 26 | $118.9M | — | ||
| Q4 25 | $165.5M | $101.3M | ||
| Q3 25 | $240.6M | $-5.5M | ||
| Q2 25 | $122.5M | $27.7M | ||
| Q1 25 | $17.4M | $-500.0K | ||
| Q4 24 | $191.3M | $25.2M | ||
| Q3 24 | $163.4M | $40.2M | ||
| Q2 24 | $34.5M | $-14.7M |
自由现金流率AOSCSGP
| Q1 26 | 12.6% | — | ||
| Q4 25 | 18.1% | 11.3% | ||
| Q3 25 | 25.5% | -0.7% | ||
| Q2 25 | 12.1% | 3.5% | ||
| Q1 25 | 1.8% | -0.1% | ||
| Q4 24 | 21.0% | 3.6% | ||
| Q3 24 | 18.1% | 5.8% | ||
| Q2 24 | 3.4% | -2.2% |
资本支出强度AOSCSGP
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 6.8% | ||
| Q3 25 | 1.6% | 8.8% | ||
| Q2 25 | 1.7% | 15.2% | ||
| Q1 25 | 2.2% | 7.3% | ||
| Q4 24 | 3.4% | 9.8% | ||
| Q3 24 | 3.6% | 8.7% | ||
| Q2 24 | 2.2% | 10.7% |
现金转化率AOSCSGP
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 3.49× | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | 23.63× | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | 1.58× | ||
| Q3 24 | 1.63× | 1.89× | ||
| Q2 24 | 0.37× | 3.03× |
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
暂无分部数据
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
