vs
A.O.史密斯（AOS）与Leonardo DRS, Inc.（DRS）财务数据对比。点击上方公司名可切换其他公司
Leonardo DRS, Inc.的季度营收约是A.O.史密斯的1.2倍（$1.1B vs $912.5M）。A.O.史密斯净利率更高（13.7% vs 9.6%，领先4.1%）。Leonardo DRS, Inc.同比增速更快（8.1% vs 0.0%）。Leonardo DRS, Inc.自由现金流更多（$376.0M vs $165.5M）。过去两年Leonardo DRS, Inc.的营收复合增速更高（24.1% 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。
莱昂纳多DRS公司是美国本土国防承包商，前身为DRS技术公司，曾于纽约证券交易所挂牌交易，2008年被莱昂纳多的前身芬梅卡尼卡收购，核心业务为向美国军方提供先进国防技术及配套系统产品。
AOS vs DRS — 直观对比
营收规模更大
DRS
是对方的1.2倍
$912.5M
营收增速更快
DRS
高出8.0%
0.0%
净利率更高
AOS
高出4.1%
9.6%
自由现金流更多
DRS
多$210.5M
$165.5M
两年增速更快
DRS
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $1.1B |
| 净利润 | $125.4M | $102.0M |
| 毛利率 | 38.4% | 25.4% |
| 营业利润率 | 17.9% | 11.9% |
| 净利率 | 13.7% | 9.6% |
| 营收同比 | 0.0% | 8.1% |
| 净利润同比 | 14.3% | 14.6% |
| 每股收益（稀释后） | $0.89 | $0.38 |
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AOSDRS
| Q4 25 | $912.5M | $1.1B | ||
| Q3 25 | $942.5M | $960.0M | ||
| Q2 25 | $1.0B | $829.0M | ||
| Q1 25 | $963.9M | $799.0M | ||
| Q4 24 | $912.4M | $981.0M | ||
| Q3 24 | $902.6M | $812.0M | ||
| Q2 24 | $1.0B | $753.0M | ||
| Q1 24 | $978.8M | $688.0M |
净利润AOSDRS
| Q4 25 | $125.4M | $102.0M | ||
| Q3 25 | $132.0M | $72.0M | ||
| Q2 25 | $152.2M | $54.0M | ||
| Q1 25 | $136.6M | $50.0M | ||
| Q4 24 | $109.7M | $89.0M | ||
| Q3 24 | $120.1M | $57.0M | ||
| Q2 24 | $156.2M | $38.0M | ||
| Q1 24 | $147.6M | $29.0M |
毛利率AOSDRS
| Q4 25 | 38.4% | 25.4% | ||
| Q3 25 | 38.7% | 23.1% | ||
| Q2 25 | 39.3% | 23.8% | ||
| Q1 25 | 38.9% | 22.7% | ||
| Q4 24 | 37.1% | 24.0% | ||
| Q3 24 | 37.4% | 22.0% | ||
| Q2 24 | 38.7% | 22.4% | ||
| Q1 24 | 39.3% | 22.2% |
营业利润率AOSDRS
| Q4 25 | 17.9% | 11.9% | ||
| Q3 25 | 18.6% | 9.7% | ||
| Q2 25 | 20.4% | 8.4% | ||
| Q1 25 | 19.1% | 7.4% | ||
| Q4 24 | 10.1% | 12.2% | ||
| Q3 24 | 19.5% | 9.2% | ||
| Q2 24 | 21.9% | 7.3% | ||
| Q1 24 | 22.0% | 6.3% |
净利率AOSDRS
| Q4 25 | 13.7% | 9.6% | ||
| Q3 25 | 14.0% | 7.5% | ||
| Q2 25 | 15.0% | 6.5% | ||
| Q1 25 | 14.2% | 6.3% | ||
| Q4 24 | 12.0% | 9.1% | ||
| Q3 24 | 13.3% | 7.0% | ||
| Q2 24 | 15.2% | 5.0% | ||
| Q1 24 | 15.1% | 4.2% |
每股收益（稀释后）AOSDRS
| Q4 25 | $0.89 | $0.38 | ||
| Q3 25 | $0.94 | $0.26 | ||
| Q2 25 | $1.07 | $0.20 | ||
| Q1 25 | $0.95 | $0.19 | ||
| Q4 24 | $0.75 | $0.34 | ||
| Q3 24 | $0.82 | $0.21 | ||
| Q2 24 | $1.06 | $0.14 | ||
| Q1 24 | $1.00 | $0.11 |
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 | $647.0M |
| 总债务越低越好 | $155.0M | $321.0M |
| 股东权益账面价值 | $1.9B | $2.7B |
| 总资产 | $3.1B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资AOSDRS
| Q4 25 | $193.2M | $647.0M | ||
| Q3 25 | $172.8M | $309.0M | ||
| Q2 25 | $177.9M | $278.0M | ||
| Q1 25 | $200.2M | $380.0M | ||
| Q4 24 | $276.1M | $598.0M | ||
| Q3 24 | $255.6M | $198.0M | ||
| Q2 24 | $233.3M | $149.0M | ||
| Q1 24 | $303.1M | $160.0M |
总债务AOSDRS
| Q4 25 | $155.0M | $321.0M | ||
| Q3 25 | — | $326.0M | ||
| Q2 25 | — | $331.0M | ||
| Q1 25 | — | $335.0M | ||
| Q4 24 | $193.2M | $340.0M | ||
| Q3 24 | — | $345.0M | ||
| Q2 24 | — | $351.0M | ||
| Q1 24 | — | $356.0M |
股东权益AOSDRS
| Q4 25 | $1.9B | $2.7B | ||
| Q3 25 | $1.8B | $2.6B | ||
| Q2 25 | $1.8B | $2.6B | ||
| Q1 25 | $1.9B | $2.6B | ||
| Q4 24 | $1.9B | $2.6B | ||
| Q3 24 | $1.9B | $2.5B | ||
| Q2 24 | $1.9B | $2.4B | ||
| Q1 24 | $1.9B | $2.4B |
总资产AOSDRS
| Q4 25 | $3.1B | $4.5B | ||
| Q3 25 | $3.2B | $4.2B | ||
| Q2 25 | $3.2B | $4.1B | ||
| Q1 25 | $3.3B | $4.1B | ||
| Q4 24 | $3.2B | $4.2B | ||
| Q3 24 | $3.2B | $3.9B | ||
| Q2 24 | $3.2B | $3.8B | ||
| Q1 24 | $3.2B | $3.8B |
负债/权益比AOSDRS
| Q4 25 | 0.08× | 0.12× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | 0.10× | 0.13× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.15× |
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 | $425.0M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $376.0M |
| 自由现金流率自由现金流/营收 | 18.1% | 35.5% |
| 资本支出强度资本支出/营收 | 1.9% | 4.6% |
| 现金转化率经营现金流/净利润 | 1.46× | 4.17× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $227.0M |
8季度趋势，按日历期对齐
经营现金流AOSDRS
| Q4 25 | $183.1M | $425.0M | ||
| Q3 25 | $255.4M | $107.0M | ||
| Q2 25 | $139.6M | $-28.0M | ||
| Q1 25 | $38.7M | $-138.0M | ||
| Q4 24 | $221.9M | $443.0M | ||
| Q3 24 | $195.9M | $59.0M | ||
| Q2 24 | $57.4M | $34.0M | ||
| Q1 24 | $106.6M | $-265.0M |
自由现金流AOSDRS
| Q4 25 | $165.5M | $376.0M | ||
| Q3 25 | $240.6M | $77.0M | ||
| Q2 25 | $122.5M | $-56.0M | ||
| Q1 25 | $17.4M | $-170.0M | ||
| Q4 24 | $191.3M | $414.0M | ||
| Q3 24 | $163.4M | $47.0M | ||
| Q2 24 | $34.5M | $0 | ||
| Q1 24 | $84.6M | $-275.0M |
自由现金流率AOSDRS
| Q4 25 | 18.1% | 35.5% | ||
| Q3 25 | 25.5% | 8.0% | ||
| Q2 25 | 12.1% | -6.8% | ||
| Q1 25 | 1.8% | -21.3% | ||
| Q4 24 | 21.0% | 42.2% | ||
| Q3 24 | 18.1% | 5.8% | ||
| Q2 24 | 3.4% | 0.0% | ||
| Q1 24 | 8.6% | -40.0% |
资本支出强度AOSDRS
| Q4 25 | 1.9% | 4.6% | ||
| Q3 25 | 1.6% | 3.1% | ||
| Q2 25 | 1.7% | 3.4% | ||
| Q1 25 | 2.2% | 4.0% | ||
| Q4 24 | 3.4% | 3.0% | ||
| Q3 24 | 3.6% | 1.5% | ||
| Q2 24 | 2.2% | 4.5% | ||
| Q1 24 | 2.2% | 1.5% |
现金转化率AOSDRS
| Q4 25 | 1.46× | 4.17× | ||
| Q3 25 | 1.93× | 1.49× | ||
| Q2 25 | 0.92× | -0.52× | ||
| Q1 25 | 0.28× | -2.76× | ||
| Q4 24 | 2.02× | 4.98× | ||
| Q3 24 | 1.63× | 1.04× | ||
| Q2 24 | 0.37× | 0.89× | ||
| Q1 24 | 0.72× | -9.14× |
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% |
DRS
暂无分部数据
