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A.O.史密斯（AOS）与Crane NXT, Co.（CXT）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Crane NXT, Co.的1.9倍（$912.5M vs $476.9M），A.O.史密斯净利率更高（13.7% vs 10.0%，领先3.8%），Crane NXT, Co.同比增速更快（19.5% vs 0.0%），过去两年Crane NXT, Co.的营收复合增速更高（23.3% 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。
Crane NXT是一家总部位于美国康涅狄格州斯坦福德的工业产品企业，由理查德·特勒·克莱恩于1855年创立。曾是美国头部卫浴配件制造商，1990年出售卫浴业务后，自1960年起逐步转型为多元化控股集团，目前核心业务涵盖航空航天与电子、工程材料、流体处理、控制设备四大板块，服务化工等多个行业领域。
AOS vs CXT — 直观对比
营收规模更大
AOS
是对方的1.9倍
$476.9M
营收增速更快
CXT
高出19.5%
0.0%
净利率更高
AOS
高出3.8%
10.0%
两年增速更快
CXT
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $476.9M |
| 净利润 | $125.4M | $47.5M |
| 毛利率 | 38.4% | 42.4% |
| 营业利润率 | 17.9% | 16.7% |
| 净利率 | 13.7% | 10.0% |
| 营收同比 | 0.0% | 19.5% |
| 净利润同比 | 14.3% | — |
| 每股收益（稀释后） | $0.89 | $0.82 |
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AOSCXT
| Q4 25 | $912.5M | $476.9M | ||
| Q3 25 | $942.5M | $445.1M | ||
| Q2 25 | $1.0B | $404.4M | ||
| Q1 25 | $963.9M | $330.3M | ||
| Q4 24 | $912.4M | $399.1M | ||
| Q3 24 | $902.6M | $403.5M | ||
| Q2 24 | $1.0B | $370.6M | ||
| Q1 24 | $978.8M | $313.6M |
净利润AOSCXT
| Q4 25 | $125.4M | $47.5M | ||
| Q3 25 | $132.0M | $50.5M | ||
| Q2 25 | $152.2M | $24.9M | ||
| Q1 25 | $136.6M | $21.7M | ||
| Q4 24 | $109.7M | — | ||
| Q3 24 | $120.1M | $47.1M | ||
| Q2 24 | $156.2M | $41.6M | ||
| Q1 24 | $147.6M | $37.8M |
毛利率AOSCXT
| Q4 25 | 38.4% | 42.4% | ||
| Q3 25 | 38.7% | 43.3% | ||
| Q2 25 | 39.3% | 41.7% | ||
| Q1 25 | 38.9% | 42.4% | ||
| Q4 24 | 37.1% | 45.2% | ||
| Q3 24 | 37.4% | 42.5% | ||
| Q2 24 | 38.7% | 43.4% | ||
| Q1 24 | 39.3% | 48.6% |
营业利润率AOSCXT
| Q4 25 | 17.9% | 16.7% | ||
| Q3 25 | 18.6% | 18.4% | ||
| Q2 25 | 20.4% | 11.8% | ||
| Q1 25 | 19.1% | 11.3% | ||
| Q4 24 | 10.1% | 17.7% | ||
| Q3 24 | 19.5% | 18.6% | ||
| Q2 24 | 21.9% | 18.2% | ||
| Q1 24 | 22.0% | 17.7% |
净利率AOSCXT
| Q4 25 | 13.7% | 10.0% | ||
| Q3 25 | 14.0% | 11.3% | ||
| Q2 25 | 15.0% | 6.2% | ||
| Q1 25 | 14.2% | 6.6% | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 13.3% | 11.7% | ||
| Q2 24 | 15.2% | 11.2% | ||
| Q1 24 | 15.1% | 12.1% |
每股收益（稀释后）AOSCXT
| Q4 25 | $0.89 | $0.82 | ||
| Q3 25 | $0.94 | $0.87 | ||
| Q2 25 | $1.07 | $0.43 | ||
| Q1 25 | $0.95 | $0.38 | ||
| Q4 24 | $0.75 | $1.00 | ||
| Q3 24 | $0.82 | $0.81 | ||
| Q2 24 | $1.06 | $0.72 | ||
| Q1 24 | $1.00 | $0.66 |
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 | $233.8M |
| 总债务越低越好 | $155.0M | $1.0B |
| 股东权益账面价值 | $1.9B | $1.3B |
| 总资产 | $3.1B | $3.1B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资AOSCXT
| Q4 25 | $193.2M | $233.8M | ||
| Q3 25 | $172.8M | $182.4M | ||
| Q2 25 | $177.9M | $152.5M | ||
| Q1 25 | $200.2M | $173.8M | ||
| Q4 24 | $276.1M | $165.8M | ||
| Q3 24 | $255.6M | $165.1M | ||
| Q2 24 | $233.3M | $175.5M | ||
| Q1 24 | $303.1M | $220.6M |
总债务AOSCXT
| Q4 25 | $155.0M | $1.0B | ||
| Q3 25 | — | $834.3M | ||
| Q2 25 | — | $861.8M | ||
| Q1 25 | — | $541.1M | ||
| Q4 24 | $193.2M | $540.6M | ||
| Q3 24 | — | $638.2M | ||
| Q2 24 | — | $638.9M | ||
| Q1 24 | — | $639.6M |
股东权益AOSCXT
| Q4 25 | $1.9B | $1.3B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $1.9B | $989.8M | ||
| Q1 24 | $1.9B | $964.1M |
总资产AOSCXT
| Q4 25 | $3.1B | $3.1B | ||
| Q3 25 | $3.2B | $2.9B | ||
| Q2 25 | $3.2B | $2.9B | ||
| Q1 25 | $3.3B | $2.4B | ||
| Q4 24 | $3.2B | $2.4B | ||
| Q3 24 | $3.2B | $2.4B | ||
| Q2 24 | $3.2B | $2.4B | ||
| Q1 24 | $3.2B | $2.1B |
负债/权益比AOSCXT
| Q4 25 | 0.08× | 0.80× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | 0.10× | 0.51× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 0.66× |
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 | $105.8M |
| 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× | 2.23× |
| 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AOSCXT
| Q4 25 | $183.1M | $105.8M | ||
| Q3 25 | $255.4M | $92.0M | ||
| Q2 25 | $139.6M | $62.8M | ||
| Q1 25 | $38.7M | $-19.1M | ||
| Q4 24 | $221.9M | $81.1M | ||
| Q3 24 | $195.9M | $66.7M | ||
| Q2 24 | $57.4M | $56.8M | ||
| Q1 24 | $106.6M | $9.5M |
自由现金流AOSCXT
| Q4 25 | $165.5M | — | ||
| Q3 25 | $240.6M | $78.7M | ||
| Q2 25 | $122.5M | $55.8M | ||
| Q1 25 | $17.4M | $-32.2M | ||
| Q4 24 | $191.3M | — | ||
| Q3 24 | $163.4M | $53.5M | ||
| Q2 24 | $34.5M | $47.9M | ||
| Q1 24 | $84.6M | $-3.0M |
自由现金流率AOSCXT
| Q4 25 | 18.1% | — | ||
| Q3 25 | 25.5% | 17.7% | ||
| Q2 25 | 12.1% | 13.8% | ||
| Q1 25 | 1.8% | -9.7% | ||
| Q4 24 | 21.0% | — | ||
| Q3 24 | 18.1% | 13.3% | ||
| Q2 24 | 3.4% | 12.9% | ||
| Q1 24 | 8.6% | -1.0% |
资本支出强度AOSCXT
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.6% | 3.0% | ||
| Q2 25 | 1.7% | 1.7% | ||
| Q1 25 | 2.2% | 4.0% | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.6% | 3.3% | ||
| Q2 24 | 2.2% | 2.4% | ||
| Q1 24 | 2.2% | 4.0% |
现金转化率AOSCXT
| Q4 25 | 1.46× | 2.23× | ||
| Q3 25 | 1.93× | 1.82× | ||
| Q2 25 | 0.92× | 2.52× | ||
| Q1 25 | 0.28× | -0.88× | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | 1.42× | ||
| Q2 24 | 0.37× | 1.37× | ||
| Q1 24 | 0.72× | 0.25× |
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% |
CXT
| Other | $260.9M | 55% |
| Products | $181.1M | 38% |
| Services | $34.9M | 7% |
