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A.O.史密斯（AOS）与EAGLE MATERIALS INC（EXP）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EAGLE MATERIALS INC的1.7倍（$945.6M vs $556.0M），EAGLE MATERIALS INC净利率更高（18.5% vs 12.5%，领先6.0%），EAGLE MATERIALS INC同比增速更快（-0.4% vs -2.0%），A.O.史密斯自由现金流更多（$118.9M vs $60.8M），过去两年EAGLE MATERIALS INC的营收复合增速更高（8.0% vs -3.9%）
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。
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
AOS vs EXP — 直观对比
营收规模更大
AOS
是对方的1.7倍
$556.0M
营收增速更快
EXP
高出1.6%
-2.0%
净利率更高
EXP
高出6.0%
12.5%
自由现金流更多
AOS
多$58.1M
$60.8M
两年增速更快
EXP
近两年复合增速
-3.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $556.0M |
| 净利润 | $118.0M | $102.9M |
| 毛利率 | 38.7% | 28.9% |
| 营业利润率 | — | — |
| 净利率 | 12.5% | 18.5% |
| 营收同比 | -2.0% | -0.4% |
| 净利润同比 | -14.0% | -13.9% |
| 每股收益（稀释后） | $0.85 | $3.22 |
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AOSEXP
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | $556.0M | ||
| Q3 25 | $942.5M | $638.9M | ||
| Q2 25 | $1.0B | $634.7M | ||
| Q1 25 | $963.9M | $470.2M | ||
| Q4 24 | $912.4M | $558.0M | ||
| Q3 24 | $902.6M | $623.6M | ||
| Q2 24 | $1.0B | $608.7M |
净利润AOSEXP
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | $102.9M | ||
| Q3 25 | $132.0M | $137.4M | ||
| Q2 25 | $152.2M | $123.4M | ||
| Q1 25 | $136.6M | $66.5M | ||
| Q4 24 | $109.7M | $119.6M | ||
| Q3 24 | $120.1M | $143.5M | ||
| Q2 24 | $156.2M | $133.8M |
毛利率AOSEXP
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | 28.9% | ||
| Q3 25 | 38.7% | 31.3% | ||
| Q2 25 | 39.3% | 29.2% | ||
| Q1 25 | 38.9% | 22.2% | ||
| Q4 24 | 37.1% | 31.9% | ||
| Q3 24 | 37.4% | 32.7% | ||
| Q2 24 | 38.7% | 30.7% |
营业利润率AOSEXP
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | — | ||
| Q3 25 | 18.6% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 19.1% | — | ||
| Q4 24 | 10.1% | 32.8% | ||
| Q3 24 | 19.5% | 34.2% | ||
| Q2 24 | 21.9% | 32.0% |
净利率AOSEXP
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | 18.5% | ||
| Q3 25 | 14.0% | 21.5% | ||
| Q2 25 | 15.0% | 19.4% | ||
| Q1 25 | 14.2% | 14.1% | ||
| Q4 24 | 12.0% | 21.4% | ||
| Q3 24 | 13.3% | 23.0% | ||
| Q2 24 | 15.2% | 22.0% |
每股收益（稀释后）AOSEXP
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | $3.22 | ||
| Q3 25 | $0.94 | $4.23 | ||
| Q2 25 | $1.07 | $3.76 | ||
| Q1 25 | $0.95 | $2.01 | ||
| Q4 24 | $0.75 | $3.56 | ||
| Q3 24 | $0.82 | $4.26 | ||
| Q2 24 | $1.06 | $3.94 |
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 | $185.2M | $419.0M |
| 总债务越低越好 | $574.2M | — |
| 股东权益账面价值 | $1.9B | $1.5B |
| 总资产 | $3.7B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.31× | — |
8季度趋势，按日历期对齐
现金及短期投资AOSEXP
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $419.0M | ||
| Q3 25 | $172.8M | $35.0M | ||
| Q2 25 | $177.9M | $59.7M | ||
| Q1 25 | $200.2M | $20.4M | ||
| Q4 24 | $276.1M | $31.2M | ||
| Q3 24 | $255.6M | $93.9M | ||
| Q2 24 | $233.3M | $46.5M |
总债务AOSEXP
| Q1 26 | $574.2M | — | ||
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益AOSEXP
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.8B | $1.5B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.9B | $1.5B | ||
| Q3 24 | $1.9B | $1.4B | ||
| Q2 24 | $1.9B | $1.4B |
总资产AOSEXP
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $3.8B | ||
| Q3 25 | $3.2B | $3.4B | ||
| Q2 25 | $3.2B | $3.4B | ||
| Q1 25 | $3.3B | $3.3B | ||
| Q4 24 | $3.2B | $3.0B | ||
| Q3 24 | $3.2B | $3.1B | ||
| Q2 24 | $3.2B | $3.0B |
负债/权益比AOSEXP
| Q1 26 | 0.31× | — | ||
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $170.8M |
| 自由现金流经营现金流 - 资本支出 | $118.9M | $60.8M |
| 自由现金流率自由现金流/营收 | 12.6% | 10.9% |
| 资本支出强度资本支出/营收 | 1.1% | 19.8% |
| 现金转化率经营现金流/净利润 | — | 1.66× |
| 过去12个月自由现金流最近4个季度 | $647.5M | $231.8M |
8季度趋势，按日历期对齐
经营现金流AOSEXP
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $170.8M | ||
| Q3 25 | $255.4M | $204.6M | ||
| Q2 25 | $139.6M | $136.6M | ||
| Q1 25 | $38.7M | $62.8M | ||
| Q4 24 | $221.9M | $119.9M | ||
| Q3 24 | $195.9M | $233.3M | ||
| Q2 24 | $57.4M | $132.6M |
自由现金流AOSEXP
| Q1 26 | $118.9M | — | ||
| Q4 25 | $165.5M | $60.8M | ||
| Q3 25 | $240.6M | $96.1M | ||
| Q2 25 | $122.5M | $60.5M | ||
| Q1 25 | $17.4M | $14.5M | ||
| Q4 24 | $191.3M | $72.5M | ||
| Q3 24 | $163.4M | $166.8M | ||
| Q2 24 | $34.5M | $99.5M |
自由现金流率AOSEXP
| Q1 26 | 12.6% | — | ||
| Q4 25 | 18.1% | 10.9% | ||
| Q3 25 | 25.5% | 15.0% | ||
| Q2 25 | 12.1% | 9.5% | ||
| Q1 25 | 1.8% | 3.1% | ||
| Q4 24 | 21.0% | 13.0% | ||
| Q3 24 | 18.1% | 26.7% | ||
| Q2 24 | 3.4% | 16.3% |
资本支出强度AOSEXP
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 19.8% | ||
| Q3 25 | 1.6% | 17.0% | ||
| Q2 25 | 1.7% | 12.0% | ||
| Q1 25 | 2.2% | 10.3% | ||
| Q4 24 | 3.4% | 8.5% | ||
| Q3 24 | 3.6% | 10.7% | ||
| Q2 24 | 2.2% | 5.4% |
现金转化率AOSEXP
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 1.66× | ||
| Q3 25 | 1.93× | 1.49× | ||
| Q2 25 | 0.92× | 1.11× | ||
| Q1 25 | 0.28× | 0.94× | ||
| Q4 24 | 2.02× | 1.00× | ||
| Q3 24 | 1.63× | 1.63× | ||
| Q2 24 | 0.37× | 0.99× |
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
暂无分部数据
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
