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A.O.史密斯（AOS）与Custom Truck One Source, Inc.（CTOS）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Custom Truck One Source, Inc.的2.4倍（$912.5M vs $387.3M）。A.O.史密斯净利率更高（13.7% vs 5.4%，领先8.4%）。A.O.史密斯同比增速更快（0.0% vs -2.8%）。过去两年Custom Truck One Source, Inc.的营收复合增速更高（13.0% 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。
Custom Truck One Source是北美领先的专用重型卡车及设备解决方案提供商，业务覆盖定制车辆制造、设备销售与租赁、售后配件供应及维保服务，主要服务基建、公用事业、建筑、能源等核心领域。
AOS vs CTOS — 直观对比
营收规模更大
AOS
是对方的2.4倍
$387.3M
营收增速更快
AOS
高出2.8%
-2.8%
净利率更高
AOS
高出8.4%
5.4%
两年增速更快
CTOS
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $387.3M |
| 净利润 | $125.4M | $20.9M |
| 毛利率 | 38.4% | 31.8% |
| 营业利润率 | 17.9% | 13.4% |
| 净利率 | 13.7% | 5.4% |
| 营收同比 | 0.0% | -2.8% |
| 净利润同比 | 14.3% | -24.3% |
| 每股收益（稀释后） | $0.89 | $0.10 |
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AOSCTOS
| Q4 25 | $912.5M | $387.3M | ||
| Q3 25 | $942.5M | $359.9M | ||
| Q2 25 | $1.0B | $392.2M | ||
| Q1 25 | $963.9M | $307.1M | ||
| Q4 24 | $912.4M | $398.3M | ||
| Q3 24 | $902.6M | $337.5M | ||
| Q2 24 | $1.0B | $320.6M | ||
| Q1 24 | $978.8M | $303.5M |
净利润AOSCTOS
| Q4 25 | $125.4M | $20.9M | ||
| Q3 25 | $132.0M | $-5.8M | ||
| Q2 25 | $152.2M | $-28.4M | ||
| Q1 25 | $136.6M | $-17.8M | ||
| Q4 24 | $109.7M | $27.6M | ||
| Q3 24 | $120.1M | $-17.4M | ||
| Q2 24 | $156.2M | $-24.5M | ||
| Q1 24 | $147.6M | $-14.3M |
毛利率AOSCTOS
| Q4 25 | 38.4% | 31.8% | ||
| Q3 25 | 38.7% | 28.0% | ||
| Q2 25 | 39.3% | 26.1% | ||
| Q1 25 | 38.9% | 27.9% | ||
| Q4 24 | 37.1% | 29.7% | ||
| Q3 24 | 37.4% | 27.2% | ||
| Q2 24 | 38.7% | 27.8% | ||
| Q1 24 | 39.3% | 29.9% |
营业利润率AOSCTOS
| Q4 25 | 17.9% | 13.4% | ||
| Q3 25 | 18.6% | 9.1% | ||
| Q2 25 | 20.4% | 7.1% | ||
| Q1 25 | 19.1% | 4.0% | ||
| Q4 24 | 10.1% | 16.9% | ||
| Q3 24 | 19.5% | 6.8% | ||
| Q2 24 | 21.9% | 5.5% | ||
| Q1 24 | 22.0% | 6.1% |
净利率AOSCTOS
| Q4 25 | 13.7% | 5.4% | ||
| Q3 25 | 14.0% | -1.6% | ||
| Q2 25 | 15.0% | -7.2% | ||
| Q1 25 | 14.2% | -5.8% | ||
| Q4 24 | 12.0% | 6.9% | ||
| Q3 24 | 13.3% | -5.2% | ||
| Q2 24 | 15.2% | -7.6% | ||
| Q1 24 | 15.1% | -4.7% |
每股收益（稀释后）AOSCTOS
| Q4 25 | $0.89 | $0.10 | ||
| Q3 25 | $0.94 | $-0.03 | ||
| Q2 25 | $1.07 | $-0.13 | ||
| Q1 25 | $0.95 | $-0.08 | ||
| Q4 24 | $0.75 | $0.11 | ||
| Q3 24 | $0.82 | $-0.07 | ||
| Q2 24 | $1.06 | $-0.10 | ||
| Q1 24 | $1.00 | $-0.06 |
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 | $6.3M |
| 总债务越低越好 | $155.0M | $1.6B |
| 股东权益账面价值 | $1.9B | $809.1M |
| 总资产 | $3.1B | $3.4B |
| 负债/权益比越低杠杆越低 | 0.08× | 2.03× |
8季度趋势，按日历期对齐
现金及短期投资AOSCTOS
| Q4 25 | $193.2M | $6.3M | ||
| Q3 25 | $172.8M | $13.1M | ||
| Q2 25 | $177.9M | $5.3M | ||
| Q1 25 | $200.2M | $5.4M | ||
| Q4 24 | $276.1M | $3.8M | ||
| Q3 24 | $255.6M | $8.4M | ||
| Q2 24 | $233.3M | $8.1M | ||
| Q1 24 | $303.1M | $8.0M |
总债务AOSCTOS
| Q4 25 | $155.0M | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $193.2M | $1.5B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
股东权益AOSCTOS
| Q4 25 | $1.9B | $809.1M | ||
| Q3 25 | $1.8B | $784.7M | ||
| Q2 25 | $1.8B | $790.1M | ||
| Q1 25 | $1.9B | $813.4M | ||
| Q4 24 | $1.9B | $861.3M | ||
| Q3 24 | $1.9B | $837.5M | ||
| Q2 24 | $1.9B | $856.7M | ||
| Q1 24 | $1.9B | $896.7M |
总资产AOSCTOS
| Q4 25 | $3.1B | $3.4B | ||
| Q3 25 | $3.2B | $3.5B | ||
| Q2 25 | $3.2B | $3.6B | ||
| Q1 25 | $3.3B | $3.5B | ||
| Q4 24 | $3.2B | $3.5B | ||
| Q3 24 | $3.2B | $3.6B | ||
| Q2 24 | $3.2B | $3.5B | ||
| Q1 24 | $3.2B | $3.5B |
负债/权益比AOSCTOS
| Q4 25 | 0.08× | 2.03× | ||
| Q3 25 | — | 2.10× | ||
| Q2 25 | — | 2.04× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | 0.10× | 1.77× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.79× | ||
| Q1 24 | — | 1.67× |
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 | $47.3M |
| 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% | — |
| 现金转化率经营现金流/净利润 | 1.46× | 2.27× |
| 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AOSCTOS
| Q4 25 | $183.1M | $47.3M | ||
| Q3 25 | $255.4M | $81.5M | ||
| Q2 25 | $139.6M | $125.7M | ||
| Q1 25 | $38.7M | $55.6M | ||
| Q4 24 | $221.9M | $82.1M | ||
| Q3 24 | $195.9M | $16.5M | ||
| Q2 24 | $57.4M | $37.8M | ||
| Q1 24 | $106.6M | $-14.4M |
自由现金流AOSCTOS
| Q4 25 | $165.5M | — | ||
| Q3 25 | $240.6M | — | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $17.4M | — | ||
| Q4 24 | $191.3M | — | ||
| Q3 24 | $163.4M | — | ||
| Q2 24 | $34.5M | — | ||
| Q1 24 | $84.6M | — |
自由现金流率AOSCTOS
| Q4 25 | 18.1% | — | ||
| Q3 25 | 25.5% | — | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 21.0% | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 8.6% | — |
资本支出强度AOSCTOS
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 2.2% | — |
现金转化率AOSCTOS
| Q4 25 | 1.46× | 2.27× | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | 2.98× | ||
| 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% |
CTOS
| Equipment Rental Solutions Segment | $207.1M | 53% |
| Rental Revenue Excluding Shipping And Handling | $135.5M | 35% |
| Sales And Services Parts And Services | $32.3M | 8% |
| Rental Revenue Shipping And Handling | $6.5M | 2% |
| Sales And Services | $5.5M | 1% |
