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A.O.史密斯（AOS）与AMCON DISTRIBUTING CO（DIT）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AMCON DISTRIBUTING CO的1.2倍（$912.5M vs $730.1M），A.O.史密斯净利率更高（13.7% vs 0.1%，领先13.6%），AMCON DISTRIBUTING CO同比增速更快（2.6% vs 0.0%），A.O.史密斯自由现金流更多（$165.5M vs $-12.4M），过去两年AMCON DISTRIBUTING CO的营收复合增速更高（10.1% 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。
AMCON Distributing Co是一家总部位于美国的消费品分销企业，主营食品、饮料、美妆个护、烟草及日用百货的分销业务，主要服务美国本土的独立便利店、食品零售商、药店及其他小型零售网点。
AOS vs DIT — 直观对比
营收规模更大
AOS
是对方的1.2倍
$730.1M
营收增速更快
DIT
高出2.6%
0.0%
净利率更高
AOS
高出13.6%
0.1%
自由现金流更多
AOS
多$177.9M
$-12.4M
两年增速更快
DIT
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $730.1M |
| 净利润 | $125.4M | $793.0K |
| 毛利率 | 38.4% | 6.6% |
| 营业利润率 | 17.9% | 0.5% |
| 净利率 | 13.7% | 0.1% |
| 营收同比 | 0.0% | 2.6% |
| 净利润同比 | 14.3% | 127.6% |
| 每股收益（稀释后） | $0.89 | $1.28 |
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AOSDIT
| Q4 25 | $912.5M | $730.1M | ||
| Q3 25 | $942.5M | $746.3M | ||
| Q2 25 | $1.0B | $739.6M | ||
| Q1 25 | $963.9M | $619.5M | ||
| Q4 24 | $912.4M | $711.3M | ||
| Q3 24 | $902.6M | $746.3M | ||
| Q2 24 | $1.0B | $717.9M | ||
| Q1 24 | $978.8M | $601.9M |
净利润AOSDIT
| Q4 25 | $125.4M | $793.0K | ||
| Q3 25 | $132.0M | $491.7K | ||
| Q2 25 | $152.2M | $1.3M | ||
| Q1 25 | $136.6M | $-1.6M | ||
| Q4 24 | $109.7M | $348.4K | ||
| Q3 24 | $120.1M | $1.2M | ||
| Q2 24 | $156.2M | $1.5M | ||
| Q1 24 | $147.6M | $539.5K |
毛利率AOSDIT
| Q4 25 | 38.4% | 6.6% | ||
| Q3 25 | 38.7% | 6.5% | ||
| Q2 25 | 39.3% | 6.7% | ||
| Q1 25 | 38.9% | 6.9% | ||
| Q4 24 | 37.1% | 6.6% | ||
| Q3 24 | 37.4% | 6.5% | ||
| Q2 24 | 38.7% | 6.7% | ||
| Q1 24 | 39.3% | 7.0% |
营业利润率AOSDIT
| Q4 25 | 17.9% | 0.5% | ||
| Q3 25 | 18.6% | 0.5% | ||
| Q2 25 | 20.4% | 0.7% | ||
| Q1 25 | 19.1% | 0.1% | ||
| Q4 24 | 10.1% | 0.5% | ||
| Q3 24 | 19.5% | 0.7% | ||
| Q2 24 | 21.9% | 0.8% | ||
| Q1 24 | 22.0% | 0.6% |
净利率AOSDIT
| Q4 25 | 13.7% | 0.1% | ||
| Q3 25 | 14.0% | 0.1% | ||
| Q2 25 | 15.0% | 0.2% | ||
| Q1 25 | 14.2% | -0.3% | ||
| Q4 24 | 12.0% | 0.0% | ||
| Q3 24 | 13.3% | 0.2% | ||
| Q2 24 | 15.2% | 0.2% | ||
| Q1 24 | 15.1% | 0.1% |
每股收益（稀释后）AOSDIT
| Q4 25 | $0.89 | $1.28 | ||
| Q3 25 | $0.94 | $0.80 | ||
| Q2 25 | $1.07 | $2.13 | ||
| Q1 25 | $0.95 | $-2.58 | ||
| Q4 24 | $0.75 | $0.57 | ||
| Q3 24 | $0.82 | $2.02 | ||
| Q2 24 | $1.06 | $2.46 | ||
| Q1 24 | $1.00 | $0.89 |
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 | — |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $114.1M |
| 总资产 | $3.1B | $378.7M |
| 负债/权益比越低杠杆越低 | 0.08× | — |
8季度趋势，按日历期对齐
现金及短期投资AOSDIT
| Q4 25 | $193.2M | — | ||
| Q3 25 | $172.8M | — | ||
| Q2 25 | $177.9M | — | ||
| Q1 25 | $200.2M | — | ||
| Q4 24 | $276.1M | — | ||
| Q3 24 | $255.6M | — | ||
| Q2 24 | $233.3M | — | ||
| Q1 24 | $303.1M | — |
总债务AOSDIT
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | $16.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | $21.8M | ||
| Q2 24 | — | $23.3M | ||
| Q1 24 | — | $20.5M |
股东权益AOSDIT
| Q4 25 | $1.9B | $114.1M | ||
| Q3 25 | $1.8B | $113.1M | ||
| Q2 25 | $1.8B | $113.2M | ||
| Q1 25 | $1.9B | $111.4M | ||
| Q4 24 | $1.9B | $112.4M | ||
| Q3 24 | $1.9B | $111.7M | ||
| Q2 24 | $1.9B | $110.0M | ||
| Q1 24 | $1.9B | $108.0M |
总资产AOSDIT
| Q4 25 | $3.1B | $378.7M | ||
| Q3 25 | $3.2B | $391.1M | ||
| Q2 25 | $3.2B | $393.9M | ||
| Q1 25 | $3.3B | $392.0M | ||
| Q4 24 | $3.2B | $404.7M | ||
| Q3 24 | $3.2B | $374.1M | ||
| Q2 24 | $3.2B | $400.6M | ||
| Q1 24 | $3.2B | $336.2M |
负债/权益比AOSDIT
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.19× |
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 | $-11.7M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $-12.4M |
| 自由现金流率自由现金流/营收 | 18.1% | -1.7% |
| 资本支出强度资本支出/营收 | 1.9% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.46× | -14.75× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $40.6M |
8季度趋势，按日历期对齐
经营现金流AOSDIT
| Q4 25 | $183.1M | $-11.7M | ||
| Q3 25 | $255.4M | $31.1M | ||
| Q2 25 | $139.6M | $-7.0M | ||
| Q1 25 | $38.7M | $34.4M | ||
| Q4 24 | $221.9M | $-39.9M | ||
| Q3 24 | $195.9M | $41.0M | ||
| Q2 24 | $57.4M | $-26.9M | ||
| Q1 24 | $106.6M | $48.8M |
自由现金流AOSDIT
| Q4 25 | $165.5M | $-12.4M | ||
| Q3 25 | $240.6M | $30.4M | ||
| Q2 25 | $122.5M | $-8.8M | ||
| Q1 25 | $17.4M | $31.4M | ||
| Q4 24 | $191.3M | $-43.3M | ||
| Q3 24 | $163.4M | $37.4M | ||
| Q2 24 | $34.5M | $-32.6M | ||
| Q1 24 | $84.6M | $41.6M |
自由现金流率AOSDIT
| Q4 25 | 18.1% | -1.7% | ||
| Q3 25 | 25.5% | 4.1% | ||
| Q2 25 | 12.1% | -1.2% | ||
| Q1 25 | 1.8% | 5.1% | ||
| Q4 24 | 21.0% | -6.1% | ||
| Q3 24 | 18.1% | 5.0% | ||
| Q2 24 | 3.4% | -4.5% | ||
| Q1 24 | 8.6% | 6.9% |
资本支出强度AOSDIT
| Q4 25 | 1.9% | 0.1% | ||
| Q3 25 | 1.6% | 0.1% | ||
| Q2 25 | 1.7% | 0.2% | ||
| Q1 25 | 2.2% | 0.5% | ||
| Q4 24 | 3.4% | 0.5% | ||
| Q3 24 | 3.6% | 0.5% | ||
| Q2 24 | 2.2% | 0.8% | ||
| Q1 24 | 2.2% | 1.2% |
现金转化率AOSDIT
| Q4 25 | 1.46× | -14.75× | ||
| Q3 25 | 1.93× | 63.32× | ||
| Q2 25 | 0.92× | -5.33× | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | -114.43× | ||
| Q3 24 | 1.63× | 33.16× | ||
| Q2 24 | 0.37× | -18.05× | ||
| Q1 24 | 0.72× | 90.37× |
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% |
DIT
| Cigarettes | $446.5M | 61% |
| Tobacco | $143.7M | 20% |
| Tobacco Food Service And Other | $82.3M | 11% |
| Confectionery | $46.7M | 6% |
| Retail Segment | $10.8M | 1% |
