vs
A.O.史密斯（AOS）与FOX FACTORY HOLDING CORP（FOXF）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FOX FACTORY HOLDING CORP的2.4倍（$912.5M vs $376.4M）。A.O.史密斯净利率更高（13.7% vs -0.2%，领先13.9%）。FOX FACTORY HOLDING CORP同比增速更快（4.8% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $-2.5M）。过去两年FOX FACTORY HOLDING CORP的营收复合增速更高（6.4% 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。
福克斯工厂控股公司是一家美国企业，旗下最知名的产品为Fox Racing Shox品牌的越野赛车减震悬挂部件，该品牌在越野改装和赛车领域拥有较高知名度，深受越野运动爱好者与专业赛车队伍的认可。
AOS vs FOXF — 直观对比
营收规模更大
AOS
是对方的2.4倍
$376.4M
营收增速更快
FOXF
高出4.8%
0.0%
净利率更高
AOS
高出13.9%
-0.2%
自由现金流更多
AOS
多$168.0M
$-2.5M
两年增速更快
FOXF
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $376.4M |
| 净利润 | $125.4M | $-634.0K |
| 毛利率 | 38.4% | 30.4% |
| 营业利润率 | 17.9% | 4.0% |
| 净利率 | 13.7% | -0.2% |
| 营收同比 | 0.0% | 4.8% |
| 净利润同比 | 14.3% | -113.3% |
| 每股收益（稀释后） | $0.89 | $-0.02 |
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AOSFOXF
| Q4 25 | $912.5M | $376.4M | ||
| Q3 25 | $942.5M | $374.9M | ||
| Q2 25 | $1.0B | $355.0M | ||
| Q1 25 | $963.9M | $352.8M | ||
| Q4 24 | $912.4M | — | ||
| Q3 24 | $902.6M | $359.1M | ||
| Q2 24 | $1.0B | $348.5M | ||
| Q1 24 | $978.8M | $333.5M |
净利润AOSFOXF
| Q4 25 | $125.4M | $-634.0K | ||
| Q3 25 | $132.0M | $2.7M | ||
| Q2 25 | $152.2M | $-259.7M | ||
| Q1 25 | $136.6M | $-141.0K | ||
| Q4 24 | $109.7M | — | ||
| Q3 24 | $120.1M | $4.8M | ||
| Q2 24 | $156.2M | $5.4M | ||
| Q1 24 | $147.6M | $-3.5M |
毛利率AOSFOXF
| Q4 25 | 38.4% | 30.4% | ||
| Q3 25 | 38.7% | 31.2% | ||
| Q2 25 | 39.3% | 30.9% | ||
| Q1 25 | 38.9% | 28.9% | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | 29.9% | ||
| Q2 24 | 38.7% | 31.8% | ||
| Q1 24 | 39.3% | 30.9% |
营业利润率AOSFOXF
| Q4 25 | 17.9% | 4.0% | ||
| Q3 25 | 18.6% | 4.9% | ||
| Q2 25 | 20.4% | -70.6% | ||
| Q1 25 | 19.1% | 3.2% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 19.5% | 5.2% | ||
| Q2 24 | 21.9% | 5.3% | ||
| Q1 24 | 22.0% | 2.7% |
净利率AOSFOXF
| Q4 25 | 13.7% | -0.2% | ||
| Q3 25 | 14.0% | 0.7% | ||
| Q2 25 | 15.0% | -73.1% | ||
| Q1 25 | 14.2% | -0.0% | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 13.3% | 1.3% | ||
| Q2 24 | 15.2% | 1.6% | ||
| Q1 24 | 15.1% | -1.0% |
每股收益（稀释后）AOSFOXF
| Q4 25 | $0.89 | $-0.02 | ||
| Q3 25 | $0.94 | $0.07 | ||
| Q2 25 | $1.07 | $-6.23 | ||
| Q1 25 | $0.95 | $0.00 | ||
| Q4 24 | $0.75 | — | ||
| Q3 24 | $0.82 | $0.11 | ||
| Q2 24 | $1.06 | $0.13 | ||
| Q1 24 | $1.00 | $-0.08 |
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 | — |
| 总债务越低越好 | $155.0M | $536.7M |
| 股东权益账面价值 | $1.9B | $956.0M |
| 总资产 | $3.1B | $2.0B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资AOSFOXF
| Q4 25 | $193.2M | — | ||
| Q3 25 | $172.8M | — | ||
| Q2 25 | $177.9M | — | ||
| Q1 25 | $200.2M | $71.7M | ||
| Q4 24 | $276.1M | — | ||
| Q3 24 | $255.6M | — | ||
| Q2 24 | $233.3M | — | ||
| Q1 24 | $303.1M | — |
总债务AOSFOXF
| Q4 25 | $155.0M | $536.7M | ||
| Q3 25 | — | $541.8M | ||
| Q2 25 | — | $546.9M | ||
| Q1 25 | — | $552.1M | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | $558.4M | ||
| Q2 24 | — | $564.1M | ||
| Q1 24 | — | $370.4M |
股东权益AOSFOXF
| Q4 25 | $1.9B | $956.0M | ||
| Q3 25 | $1.8B | $958.7M | ||
| Q2 25 | $1.8B | $939.9M | ||
| Q1 25 | $1.9B | $1.2B | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.9B | $1.2B |
总资产AOSFOXF
| Q4 25 | $3.1B | $2.0B | ||
| Q3 25 | $3.2B | $2.0B | ||
| Q2 25 | $3.2B | $1.9B | ||
| Q1 25 | $3.3B | $2.2B | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.2B | $2.3B | ||
| Q2 24 | $3.2B | $2.3B | ||
| Q1 24 | $3.2B | $2.2B |
负债/权益比AOSFOXF
| Q4 25 | 0.08× | 0.56× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.31× |
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 | $5.3M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $-2.5M |
| 自由现金流率自由现金流/营收 | 18.1% | -0.7% |
| 资本支出强度资本支出/营收 | 1.9% | 2.1% |
| 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 | $85.4M |
8季度趋势，按日历期对齐
经营现金流AOSFOXF
| Q4 25 | $183.1M | $5.3M | ||
| Q3 25 | $255.4M | $36.8M | ||
| Q2 25 | $139.6M | $680.0K | ||
| Q1 25 | $38.7M | $81.7M | ||
| Q4 24 | $221.9M | — | ||
| Q3 24 | $195.9M | $14.1M | ||
| Q2 24 | $57.4M | $26.7M | ||
| Q1 24 | $106.6M | $9.4M |
自由现金流AOSFOXF
| Q4 25 | $165.5M | $-2.5M | ||
| Q3 25 | $240.6M | $24.6M | ||
| Q2 25 | $122.5M | $-6.5M | ||
| Q1 25 | $17.4M | $69.8M | ||
| Q4 24 | $191.3M | — | ||
| Q3 24 | $163.4M | $3.2M | ||
| Q2 24 | $34.5M | $15.4M | ||
| Q1 24 | $84.6M | $-555.0K |
自由现金流率AOSFOXF
| Q4 25 | 18.1% | -0.7% | ||
| Q3 25 | 25.5% | 6.6% | ||
| Q2 25 | 12.1% | -1.8% | ||
| Q1 25 | 1.8% | 19.8% | ||
| Q4 24 | 21.0% | — | ||
| Q3 24 | 18.1% | 0.9% | ||
| Q2 24 | 3.4% | 4.4% | ||
| Q1 24 | 8.6% | -0.2% |
资本支出强度AOSFOXF
| Q4 25 | 1.9% | 2.1% | ||
| Q3 25 | 1.6% | 3.3% | ||
| Q2 25 | 1.7% | 2.0% | ||
| Q1 25 | 2.2% | 3.4% | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.6% | 3.0% | ||
| Q2 24 | 2.2% | 3.2% | ||
| Q1 24 | 2.2% | 3.0% |
现金转化率AOSFOXF
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | 13.41× | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | 2.94× | ||
| Q2 24 | 0.37× | 4.94× | ||
| 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% |
FOXF
| Specialty Sports Group | $132.7M | 35% |
| Powered Vehicles Group | $125.9M | 33% |
| Aftermarket Applications Group | $117.8M | 31% |
