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A.O.史密斯（AOS）与Firefly Aerospace Inc.（FLY）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Firefly Aerospace Inc.的29.6倍（$912.5M vs $30.8M）。A.O.史密斯净利率更高（13.7% vs -433.5%，领先447.2%）。Firefly Aerospace Inc.同比增速更快（37.6% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $-62.0M）
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。
萤火虫航空航天（Firefly Aerospace）是总部位于美国得克萨斯州锡达帕克的商业航天企业，专注于研发中小型运载火箭，为客户提供商业轨道发射服务，致力于降低太空准入门槛，推动商业航天行业的发展。
AOS vs FLY — 直观对比
营收规模更大
AOS
是对方的29.6倍
$30.8M
营收增速更快
FLY
高出37.6%
0.0%
净利率更高
AOS
高出447.2%
-433.5%
自由现金流更多
AOS
多$227.5M
$-62.0M
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $30.8M |
| 净利润 | $125.4M | $-133.4M |
| 毛利率 | 38.4% | 27.6% |
| 营业利润率 | 17.9% | -202.1% |
| 净利率 | 13.7% | -433.5% |
| 营收同比 | 0.0% | 37.6% |
| 净利润同比 | 14.3% | -227.1% |
| 每股收益（稀释后） | $0.89 | $-1.50 |
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AOSFLY
| Q4 25 | $912.5M | — | ||
| Q3 25 | $942.5M | $30.8M | ||
| Q2 25 | $1.0B | $15.5M | ||
| Q1 25 | $963.9M | — | ||
| Q4 24 | $912.4M | — | ||
| Q3 24 | $902.6M | $22.4M | ||
| Q2 24 | $1.0B | $21.1M | ||
| Q1 24 | $978.8M | — |
净利润AOSFLY
| Q4 25 | $125.4M | — | ||
| Q3 25 | $132.0M | $-133.4M | ||
| Q2 25 | $152.2M | $-63.8M | ||
| Q1 25 | $136.6M | — | ||
| Q4 24 | $109.7M | — | ||
| Q3 24 | $120.1M | $-40.8M | ||
| Q2 24 | $156.2M | $-53.5M | ||
| Q1 24 | $147.6M | — |
毛利率AOSFLY
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | 27.6% | ||
| Q2 25 | 39.3% | 25.7% | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | 34.7% | ||
| Q2 24 | 38.7% | 14.0% | ||
| Q1 24 | 39.3% | — |
营业利润率AOSFLY
| Q4 25 | 17.9% | — | ||
| Q3 25 | 18.6% | -202.1% | ||
| Q2 25 | 20.4% | -349.5% | ||
| Q1 25 | 19.1% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 19.5% | -152.9% | ||
| Q2 24 | 21.9% | -232.1% | ||
| Q1 24 | 22.0% | — |
净利率AOSFLY
| Q4 25 | 13.7% | — | ||
| Q3 25 | 14.0% | -433.5% | ||
| Q2 25 | 15.0% | -410.2% | ||
| Q1 25 | 14.2% | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 13.3% | -182.3% | ||
| Q2 24 | 15.2% | -253.7% | ||
| Q1 24 | 15.1% | — |
每股收益（稀释后）AOSFLY
| Q4 25 | $0.89 | — | ||
| Q3 25 | $0.94 | $-1.50 | ||
| Q2 25 | $1.07 | $-5.78 | ||
| Q1 25 | $0.95 | — | ||
| Q4 24 | $0.75 | — | ||
| Q3 24 | $0.82 | $-3.57 | ||
| Q2 24 | $1.06 | $-4.60 | ||
| 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 | $995.2M |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $948.8M |
| 总资产 | $3.1B | $1.3B |
| 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AOSFLY
| Q4 25 | $193.2M | — | ||
| Q3 25 | $172.8M | $995.2M | ||
| Q2 25 | $177.9M | $205.3M | ||
| Q1 25 | $200.2M | — | ||
| Q4 24 | $276.1M | — | ||
| Q3 24 | $255.6M | $26.4M | ||
| Q2 24 | $233.3M | $21.9M | ||
| Q1 24 | $303.1M | — |
总债务AOSFLY
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $136.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSFLY
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.8B | $948.8M | ||
| Q2 25 | $1.8B | $-918.0M | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | $-665.5M | ||
| Q2 24 | $1.9B | $-620.0M | ||
| Q1 24 | $1.9B | — |
总资产AOSFLY
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.2B | $1.3B | ||
| Q2 25 | $3.2B | $466.8M | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.2B | — |
负债/权益比AOSFLY
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $183.1M | $-53.0M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $-62.0M |
| 自由现金流率自由现金流/营收 | 18.1% | -201.3% |
| 资本支出强度资本支出/营收 | 1.9% | 29.0% |
| 现金转化率经营现金流/净利润 | 1.46× | — |
| 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AOSFLY
| Q4 25 | $183.1M | — | ||
| Q3 25 | $255.4M | $-53.0M | ||
| Q2 25 | $139.6M | — | ||
| Q1 25 | $38.7M | — | ||
| Q4 24 | $221.9M | — | ||
| Q3 24 | $195.9M | — | ||
| Q2 24 | $57.4M | — | ||
| Q1 24 | $106.6M | — |
自由现金流AOSFLY
| Q4 25 | $165.5M | — | ||
| Q3 25 | $240.6M | $-62.0M | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $17.4M | — | ||
| Q4 24 | $191.3M | — | ||
| Q3 24 | $163.4M | — | ||
| Q2 24 | $34.5M | — | ||
| Q1 24 | $84.6M | — |
自由现金流率AOSFLY
| Q4 25 | 18.1% | — | ||
| Q3 25 | 25.5% | -201.3% | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 21.0% | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 8.6% | — |
资本支出强度AOSFLY
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.6% | 29.0% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 2.2% | — |
现金转化率AOSFLY
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.72× | — |
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% |
FLY
| Spacecraft Solutions Revenue | $21.4M | 69% |
| Launch Revenue | $9.4M | 31% |
