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A.O.史密斯（AOS）与FIVE BELOW, INC（FIVE）财务数据对比。点击上方公司名可切换其他公司
FIVE BELOW, INC的季度营收约是A.O.史密斯的1.1倍（$1.0B vs $945.6M），A.O.史密斯净利率更高（12.5% vs 3.5%，领先9.0%），FIVE BELOW, INC同比增速更快（23.1% vs -2.0%），过去两年A.O.史密斯的营收复合增速更高（-3.9% vs -11.9%）
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。
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
AOS vs FIVE — 直观对比
营收规模更大
FIVE
是对方的1.1倍
$945.6M
营收增速更快
FIVE
高出25.1%
-2.0%
净利率更高
AOS
高出9.0%
3.5%
两年增速更快
AOS
近两年复合增速
-11.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $1.0B |
| 净利润 | $118.0M | $36.5M |
| 毛利率 | 38.7% | 33.8% |
| 营业利润率 | — | 4.2% |
| 净利率 | 12.5% | 3.5% |
| 营收同比 | -2.0% | 23.1% |
| 净利润同比 | -14.0% | 2063.9% |
| 每股收益（稀释后） | $0.85 | $0.66 |
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AOSFIVE
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | $1.0B | ||
| Q3 25 | $942.5M | $1.0B | ||
| Q2 25 | $1.0B | $970.5M | ||
| Q1 25 | $963.9M | $1.4B | ||
| Q4 24 | $912.4M | $843.7M | ||
| Q3 24 | $902.6M | $830.1M | ||
| Q2 24 | $1.0B | $811.9M |
净利润AOSFIVE
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | $36.5M | ||
| Q3 25 | $132.0M | $42.8M | ||
| Q2 25 | $152.2M | $41.1M | ||
| Q1 25 | $136.6M | $187.5M | ||
| Q4 24 | $109.7M | $1.7M | ||
| Q3 24 | $120.1M | $33.0M | ||
| Q2 24 | $156.2M | $31.5M |
毛利率AOSFIVE
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | 33.8% | ||
| Q3 25 | 38.7% | 33.3% | ||
| Q2 25 | 39.3% | 33.4% | ||
| Q1 25 | 38.9% | 40.2% | ||
| Q4 24 | 37.1% | 30.6% | ||
| Q3 24 | 37.4% | 32.7% | ||
| Q2 24 | 38.7% | 32.5% |
营业利润率AOSFIVE
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 4.2% | ||
| Q3 25 | 18.6% | 5.1% | ||
| Q2 25 | 20.4% | 5.2% | ||
| Q1 25 | 19.1% | 17.7% | ||
| Q4 24 | 10.1% | -0.1% | ||
| Q3 24 | 19.5% | 5.0% | ||
| Q2 24 | 21.9% | 4.5% |
净利率AOSFIVE
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | 3.5% | ||
| Q3 25 | 14.0% | 4.2% | ||
| Q2 25 | 15.0% | 4.2% | ||
| Q1 25 | 14.2% | 13.5% | ||
| Q4 24 | 12.0% | 0.2% | ||
| Q3 24 | 13.3% | 4.0% | ||
| Q2 24 | 15.2% | 3.9% |
每股收益（稀释后）AOSFIVE
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | $0.66 | ||
| Q3 25 | $0.94 | $0.77 | ||
| Q2 25 | $1.07 | $0.75 | ||
| Q1 25 | $0.95 | $3.40 | ||
| Q4 24 | $0.75 | $0.03 | ||
| Q3 24 | $0.82 | $0.60 | ||
| Q2 24 | $1.06 | $0.57 |
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 | $524.5M |
| 总债务越低越好 | $574.2M | — |
| 股东权益账面价值 | $1.9B | $2.0B |
| 总资产 | $3.7B | $4.8B |
| 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AOSFIVE
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $524.5M | ||
| Q3 25 | $172.8M | $670.2M | ||
| Q2 25 | $177.9M | $624.0M | ||
| Q1 25 | $200.2M | $528.8M | ||
| Q4 24 | $276.1M | $216.6M | ||
| Q3 24 | $255.6M | $327.7M | ||
| Q2 24 | $233.3M | $369.6M |
总债务AOSFIVE
| Q1 26 | $574.2M | — | ||
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益AOSFIVE
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $2.0B | ||
| Q3 25 | $1.8B | $1.9B | ||
| Q2 25 | $1.8B | $1.9B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $1.9B | $1.6B | ||
| Q2 24 | $1.9B | $1.6B |
总资产AOSFIVE
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $4.8B | ||
| Q3 25 | $3.2B | $4.6B | ||
| Q2 25 | $3.2B | $4.5B | ||
| Q1 25 | $3.3B | $4.3B | ||
| Q4 24 | $3.2B | $4.2B | ||
| Q3 24 | $3.2B | $4.0B | ||
| Q2 24 | $3.2B | $3.9B |
负债/权益比AOSFIVE
| Q1 26 | 0.31× | — | ||
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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 | — | $-80.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-133.2M |
| 自由现金流率自由现金流/营收 | — | -12.8% |
| 资本支出强度资本支出/营收 | 1.1% | 5.1% |
| 现金转化率经营现金流/净利润 | — | -2.19× |
| 过去12个月自由现金流最近4个季度 | — | $323.0M |
8季度趋势，按日历期对齐
经营现金流AOSFIVE
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $-80.1M | ||
| Q3 25 | $255.4M | $93.0M | ||
| Q2 25 | $139.6M | $132.7M | ||
| Q1 25 | $38.7M | $363.5M | ||
| Q4 24 | $221.9M | $-30.6M | ||
| Q3 24 | $195.9M | $71.3M | ||
| Q2 24 | $57.4M | $26.4M |
自由现金流AOSFIVE
| Q1 26 | — | — | ||
| Q4 25 | $165.5M | $-133.2M | ||
| Q3 25 | $240.6M | $48.3M | ||
| Q2 25 | $122.5M | $96.5M | ||
| Q1 25 | $17.4M | $311.4M | ||
| Q4 24 | $191.3M | $-111.0M | ||
| Q3 24 | $163.4M | $-32.4M | ||
| Q2 24 | $34.5M | $-61.4M |
自由现金流率AOSFIVE
| Q1 26 | — | — | ||
| Q4 25 | 18.1% | -12.8% | ||
| Q3 25 | 25.5% | 4.7% | ||
| Q2 25 | 12.1% | 9.9% | ||
| Q1 25 | 1.8% | 22.4% | ||
| Q4 24 | 21.0% | -13.2% | ||
| Q3 24 | 18.1% | -3.9% | ||
| Q2 24 | 3.4% | -7.6% |
资本支出强度AOSFIVE
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 5.1% | ||
| Q3 25 | 1.6% | 4.4% | ||
| Q2 25 | 1.7% | 3.7% | ||
| Q1 25 | 2.2% | 3.7% | ||
| Q4 24 | 3.4% | 9.5% | ||
| Q3 24 | 3.6% | 12.5% | ||
| Q2 24 | 2.2% | 10.8% |
现金转化率AOSFIVE
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | -2.19× | ||
| Q3 25 | 1.93× | 2.17× | ||
| Q2 25 | 0.92× | 3.22× | ||
| Q1 25 | 0.28× | 1.94× | ||
| Q4 24 | 2.02× | -18.13× | ||
| Q3 24 | 1.63× | 2.16× | ||
| Q2 24 | 0.37× | 0.84× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
