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A.O.史密斯（AOS）与Donnelley Financial Solutions, Inc.（DFIN）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Donnelley Financial Solutions, Inc.的5.3倍（$912.5M vs $172.5M）。A.O.史密斯净利率更高（13.7% vs 3.6%，领先10.1%）。Donnelley Financial Solutions, Inc.同比增速更快（10.4% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $47.9M）。过去两年A.O.史密斯的营收复合增速更高（-3.4% vs -7.9%）
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。
唐nelley金融解决方案（DFIN）是一家总部位于美国伊利诺伊州芝加哥市的金融合规企业，面向资本市场与投资市场的各类企业，提供符合美国监管要求的软件即服务产品、软件赋能服务、印刷业务及合规相关服务，助力客户满足合规要求。
AOS vs DFIN — 直观对比
营收规模更大
AOS
是对方的5.3倍
$172.5M
营收增速更快
DFIN
高出10.4%
0.0%
净利率更高
AOS
高出10.1%
3.6%
自由现金流更多
AOS
多$117.6M
$47.9M
两年增速更快
AOS
近两年复合增速
-7.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $172.5M |
| 净利润 | $125.4M | $6.2M |
| 毛利率 | 38.4% | — |
| 营业利润率 | 17.9% | 8.3% |
| 净利率 | 13.7% | 3.6% |
| 营收同比 | 0.0% | 10.4% |
| 净利润同比 | 14.3% | -1.6% |
| 每股收益（稀释后） | $0.89 | $0.31 |
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AOSDFIN
| Q4 25 | $912.5M | $172.5M | ||
| Q3 25 | $942.5M | $175.3M | ||
| Q2 25 | $1.0B | $218.1M | ||
| Q1 25 | $963.9M | $201.1M | ||
| Q4 24 | $912.4M | $156.3M | ||
| Q3 24 | $902.6M | $179.5M | ||
| Q2 24 | $1.0B | $242.7M | ||
| Q1 24 | $978.8M | $203.4M |
净利润AOSDFIN
| Q4 25 | $125.4M | $6.2M | ||
| Q3 25 | $132.0M | $-40.9M | ||
| Q2 25 | $152.2M | $36.1M | ||
| Q1 25 | $136.6M | $31.0M | ||
| Q4 24 | $109.7M | $6.3M | ||
| Q3 24 | $120.1M | $8.7M | ||
| Q2 24 | $156.2M | $44.1M | ||
| Q1 24 | $147.6M | $33.3M |
毛利率AOSDFIN
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | — | ||
| Q2 24 | 38.7% | — | ||
| Q1 24 | 39.3% | — |
营业利润率AOSDFIN
| Q4 25 | 17.9% | 8.3% | ||
| Q3 25 | 18.6% | 16.1% | ||
| Q2 25 | 20.4% | 24.2% | ||
| Q1 25 | 19.1% | 22.8% | ||
| Q4 24 | 10.1% | 6.0% | ||
| Q3 24 | 19.5% | 10.1% | ||
| Q2 24 | 21.9% | 26.6% | ||
| Q1 24 | 22.0% | 21.9% |
净利率AOSDFIN
| Q4 25 | 13.7% | 3.6% | ||
| Q3 25 | 14.0% | -23.3% | ||
| Q2 25 | 15.0% | 16.6% | ||
| Q1 25 | 14.2% | 15.4% | ||
| Q4 24 | 12.0% | 4.0% | ||
| Q3 24 | 13.3% | 4.8% | ||
| Q2 24 | 15.2% | 18.2% | ||
| Q1 24 | 15.1% | 16.4% |
每股收益（稀释后）AOSDFIN
| Q4 25 | $0.89 | $0.31 | ||
| Q3 25 | $0.94 | $-1.49 | ||
| Q2 25 | $1.07 | $1.28 | ||
| Q1 25 | $0.95 | $1.05 | ||
| Q4 24 | $0.75 | $0.21 | ||
| Q3 24 | $0.82 | $0.29 | ||
| Q2 24 | $1.06 | $1.47 | ||
| Q1 24 | $1.00 | $1.09 |
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 | $24.5M |
| 总债务越低越好 | $155.0M | $171.3M |
| 股东权益账面价值 | $1.9B | $379.2M |
| 总资产 | $3.1B | $800.4M |
| 负债/权益比越低杠杆越低 | 0.08× | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资AOSDFIN
| Q4 25 | $193.2M | $24.5M | ||
| Q3 25 | $172.8M | $22.7M | ||
| Q2 25 | $177.9M | $33.8M | ||
| Q1 25 | $200.2M | $16.2M | ||
| Q4 24 | $276.1M | $57.3M | ||
| Q3 24 | $255.6M | $33.6M | ||
| Q2 24 | $233.3M | $35.0M | ||
| Q1 24 | $303.1M | $43.7M |
总债务AOSDFIN
| Q4 25 | $155.0M | $171.3M | ||
| Q3 25 | — | $154.7M | ||
| Q2 25 | — | $190.1M | ||
| Q1 25 | — | $189.5M | ||
| Q4 24 | $193.2M | $124.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSDFIN
| Q4 25 | $1.9B | $379.2M | ||
| Q3 25 | $1.8B | $423.1M | ||
| Q2 25 | $1.8B | $432.1M | ||
| Q1 25 | $1.9B | $419.9M | ||
| Q4 24 | $1.9B | $436.1M | ||
| Q3 24 | $1.9B | $444.5M | ||
| Q2 24 | $1.9B | $441.5M | ||
| Q1 24 | $1.9B | $408.9M |
总资产AOSDFIN
| Q4 25 | $3.1B | $800.4M | ||
| Q3 25 | $3.2B | $816.3M | ||
| Q2 25 | $3.2B | $874.7M | ||
| Q1 25 | $3.3B | $852.8M | ||
| Q4 24 | $3.2B | $841.6M | ||
| Q3 24 | $3.2B | $843.6M | ||
| Q2 24 | $3.2B | $882.9M | ||
| Q1 24 | $3.2B | $867.8M |
负债/权益比AOSDFIN
| Q4 25 | 0.08× | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | 0.10× | 0.29× | ||
| 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 | $59.8M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $47.9M |
| 自由现金流率自由现金流/营收 | 18.1% | 27.8% |
| 资本支出强度资本支出/营收 | 1.9% | 6.9% |
| 现金转化率经营现金流/净利润 | 1.46× | 9.65× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $107.8M |
8季度趋势，按日历期对齐
经营现金流AOSDFIN
| Q4 25 | $183.1M | $59.8M | ||
| Q3 25 | $255.4M | $74.4M | ||
| Q2 25 | $139.6M | $68.4M | ||
| Q1 25 | $38.7M | $-37.7M | ||
| Q4 24 | $221.9M | $56.4M | ||
| Q3 24 | $195.9M | $86.4M | ||
| Q2 24 | $57.4M | $56.2M | ||
| Q1 24 | $106.6M | $-27.9M |
自由现金流AOSDFIN
| Q4 25 | $165.5M | $47.9M | ||
| Q3 25 | $240.6M | $59.2M | ||
| Q2 25 | $122.5M | $51.7M | ||
| Q1 25 | $17.4M | $-51.0M | ||
| Q4 24 | $191.3M | $41.3M | ||
| Q3 24 | $163.4M | $67.3M | ||
| Q2 24 | $34.5M | $36.8M | ||
| Q1 24 | $84.6M | $-40.2M |
自由现金流率AOSDFIN
| Q4 25 | 18.1% | 27.8% | ||
| Q3 25 | 25.5% | 33.8% | ||
| Q2 25 | 12.1% | 23.7% | ||
| Q1 25 | 1.8% | -25.4% | ||
| Q4 24 | 21.0% | 26.4% | ||
| Q3 24 | 18.1% | 37.5% | ||
| Q2 24 | 3.4% | 15.2% | ||
| Q1 24 | 8.6% | -19.8% |
资本支出强度AOSDFIN
| Q4 25 | 1.9% | 6.9% | ||
| Q3 25 | 1.6% | 8.7% | ||
| Q2 25 | 1.7% | 7.7% | ||
| Q1 25 | 2.2% | 6.6% | ||
| Q4 24 | 3.4% | 9.7% | ||
| Q3 24 | 3.6% | 10.6% | ||
| Q2 24 | 2.2% | 8.0% | ||
| Q1 24 | 2.2% | 6.0% |
现金转化率AOSDFIN
| Q4 25 | 1.46× | 9.65× | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | 1.89× | ||
| Q1 25 | 0.28× | -1.22× | ||
| Q4 24 | 2.02× | 8.95× | ||
| Q3 24 | 1.63× | 9.93× | ||
| Q2 24 | 0.37× | 1.27× | ||
| Q1 24 | 0.72× | -0.84× |
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% |
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
