vs
A.O.史密斯（AOS）与ENBRIDGE INC（ENB）财务数据对比。点击上方公司名可切换其他公司
ENBRIDGE INC的季度营收约是A.O.史密斯的6.3倍（$5.7B vs $912.5M）。ENBRIDGE INC净利率更高（26.2% vs 13.7%，领先12.5%）。ENBRIDGE INC同比增速更快（5.3% vs 0.0%）。ENBRIDGE INC自由现金流更多（$2.4B vs $165.5M）。过去两年ENBRIDGE INC的营收复合增速更高（7.6% 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。
加拿大恩布里奇公司（Enbridge Inc.）是总部位于阿尔伯塔省卡尔加里的跨国能源管道企业，在加拿大、美国运营管网输送原油、天然气及天然气液，同时布局可再生能源业务。其管网是北美最长、全球规模最大的原油出口管网，拥有近2.9万公里原油管道及超3.83万公里天然气管道。
AOS vs ENB — 直观对比
营收规模更大
ENB
是对方的6.3倍
$912.5M
营收增速更快
ENB
高出5.3%
0.0%
净利率更高
ENB
高出12.5%
13.7%
自由现金流更多
ENB
多$2.2B
$165.5M
两年增速更快
ENB
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $5.7B |
| 净利润 | $125.4M | $1.5B |
| 毛利率 | 38.4% | — |
| 营业利润率 | 17.9% | 34.7% |
| 净利率 | 13.7% | 26.2% |
| 营收同比 | 0.0% | 5.3% |
| 净利润同比 | 14.3% | 246.2% |
| 每股收益（稀释后） | $0.89 | — |
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AOSENB
| Q4 25 | $912.5M | $5.7B | ||
| Q3 25 | $942.5M | $4.5B | ||
| Q2 25 | $1.0B | $4.8B | ||
| Q1 25 | $963.9M | $6.4B | ||
| Q4 24 | $912.4M | $5.4B | ||
| Q3 24 | $902.6M | $4.2B | ||
| Q2 24 | $1.0B | $4.3B | ||
| Q1 24 | $978.8M | $4.9B |
净利润AOSENB
| Q4 25 | $125.4M | $1.5B | ||
| Q3 25 | $132.0M | $575.2M | ||
| Q2 25 | $152.2M | $1.7B | ||
| Q1 25 | $136.6M | $1.7B | ||
| Q4 24 | $109.7M | $434.4M | ||
| Q3 24 | $120.1M | $1.0B | ||
| Q2 24 | $156.2M | $1.4B | ||
| Q1 24 | $147.6M | $1.1B |
毛利率AOSENB
| 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% | 7.5% | ||
| Q1 24 | 39.3% | 26.2% |
营业利润率AOSENB
| Q4 25 | 17.9% | 34.7% | ||
| Q3 25 | 18.6% | 36.9% | ||
| Q2 25 | 20.4% | 35.1% | ||
| Q1 25 | 19.1% | 41.7% | ||
| Q4 24 | 10.1% | 32.8% | ||
| Q3 24 | 19.5% | 38.7% | ||
| Q2 24 | 21.9% | 38.3% | ||
| Q1 24 | 22.0% | 40.0% |
净利率AOSENB
| Q4 25 | 13.7% | 26.2% | ||
| Q3 25 | 14.0% | 12.8% | ||
| Q2 25 | 15.0% | 34.9% | ||
| Q1 25 | 14.2% | 26.8% | ||
| Q4 24 | 12.0% | 8.0% | ||
| Q3 24 | 13.3% | 24.3% | ||
| Q2 24 | 15.2% | 32.8% | ||
| Q1 24 | 15.1% | 22.3% |
每股收益（稀释后）AOSENB
| Q4 25 | $0.89 | — | ||
| Q3 25 | $0.94 | — | ||
| Q2 25 | $1.07 | — | ||
| Q1 25 | $0.95 | — | ||
| Q4 24 | $0.75 | — | ||
| Q3 24 | $0.82 | — | ||
| Q2 24 | $1.06 | — | ||
| Q1 24 | $1.00 | — |
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 | $798.6M |
| 总债务越低越好 | $155.0M | $72.2B |
| 股东权益账面价值 | $1.9B | $45.5B |
| 总资产 | $3.1B | $159.5B |
| 负债/权益比越低杠杆越低 | 0.08× | 1.59× |
8季度趋势，按日历期对齐
现金及短期投资AOSENB
| Q4 25 | $193.2M | $798.6M | ||
| Q3 25 | $172.8M | $1.0B | ||
| Q2 25 | $177.9M | $878.2M | ||
| Q1 25 | $200.2M | $1.5B | ||
| Q4 24 | $276.1M | $1.3B | ||
| Q3 24 | $255.6M | $1.4B | ||
| Q2 24 | $233.3M | $2.6B | ||
| Q1 24 | $303.1M | $886.2M |
总债务AOSENB
| Q4 25 | $155.0M | $72.2B | ||
| Q3 25 | — | $73.4B | ||
| Q2 25 | — | $70.8B | ||
| Q1 25 | — | $70.9B | ||
| Q4 24 | $193.2M | $68.2B | ||
| Q3 24 | — | $63.7B | ||
| Q2 24 | — | $62.2B | ||
| Q1 24 | — | $59.4B |
股东权益AOSENB
| Q4 25 | $1.9B | $45.5B | ||
| Q3 25 | $1.8B | $47.6B | ||
| Q2 25 | $1.8B | $47.8B | ||
| Q1 25 | $1.9B | $49.8B | ||
| Q4 24 | $1.9B | $48.1B | ||
| Q3 24 | $1.9B | $48.0B | ||
| Q2 24 | $1.9B | $49.1B | ||
| Q1 24 | $1.9B | $46.9B |
总资产AOSENB
| Q4 25 | $3.1B | $159.5B | ||
| Q3 25 | $3.2B | $158.4B | ||
| Q2 25 | $3.2B | $154.5B | ||
| Q1 25 | $3.3B | $160.6B | ||
| Q4 24 | $3.2B | $159.9B | ||
| Q3 24 | $3.2B | $150.2B | ||
| Q2 24 | $3.2B | $146.9B | ||
| Q1 24 | $3.2B | $139.2B |
负债/权益比AOSENB
| Q4 25 | 0.08× | 1.59× | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | 0.10× | 1.42× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.27× | ||
| Q1 24 | — | 1.27× |
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 | $9.0B |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $2.4B |
| 自由现金流率自由现金流/营收 | 18.1% | 42.0% |
| 资本支出强度资本支出/营收 | 1.9% | 114.3% |
| 现金转化率经营现金流/净利润 | 1.46× | 5.96× |
| 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AOSENB
| Q4 25 | $183.1M | $9.0B | ||
| Q3 25 | $255.4M | — | ||
| Q2 25 | $139.6M | — | ||
| Q1 25 | $38.7M | $2.2B | ||
| Q4 24 | $221.9M | $9.2B | ||
| Q3 24 | $195.9M | — | ||
| Q2 24 | $57.4M | — | ||
| Q1 24 | $106.6M | $2.3B |
自由现金流AOSENB
| Q4 25 | $165.5M | $2.4B | ||
| Q3 25 | $240.6M | — | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $17.4M | $970.9M | ||
| Q4 24 | $191.3M | $4.3B | ||
| Q3 24 | $163.4M | — | ||
| Q2 24 | $34.5M | — | ||
| Q1 24 | $84.6M | $1.4B |
自由现金流率AOSENB
| Q4 25 | 18.1% | 42.0% | ||
| Q3 25 | 25.5% | — | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 1.8% | 15.1% | ||
| Q4 24 | 21.0% | 79.0% | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 8.6% | 29.0% |
资本支出强度AOSENB
| Q4 25 | 1.9% | 114.3% | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.2% | 19.6% | ||
| Q4 24 | 3.4% | 90.1% | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 2.2% | 17.5% |
现金转化率AOSENB
| Q4 25 | 1.46× | 5.96× | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | 1.29× | ||
| Q4 24 | 2.02× | 21.18× | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.72× | 2.08× |
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% |
ENB
暂无分部数据
