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A.O.史密斯（AOS）与FTAI Aviation Ltd.（FTAI）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FTAI Aviation Ltd.的1.4倍（$912.5M vs $662.0M）。FTAI Aviation Ltd.净利率更高（17.5% vs 13.7%，领先3.7%）。FTAI Aviation Ltd.同比增速更快（32.7% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $-189.3M）。过去两年FTAI Aviation Ltd.的营收复合增速更高（42.4% 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。
FTAI航空有限公司是一家全球性航空基础设施及解决方案提供商，主营商用飞机、航空发动机及相关航空资产的持有、租赁与维护业务，为全球商用航空公司、货运运营商提供定制化资产管理及售后支持服务，助力客户提升运营效率。
AOS vs FTAI — 直观对比
营收规模更大
AOS
是对方的1.4倍
$662.0M
营收增速更快
FTAI
高出32.7%
0.0%
净利率更高
FTAI
高出3.7%
13.7%
自由现金流更多
AOS
多$354.8M
$-189.3M
两年增速更快
FTAI
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $662.0M |
| 净利润 | $125.4M | $115.6M |
| 毛利率 | 38.4% | 44.3% |
| 营业利润率 | 17.9% | 20.3% |
| 净利率 | 13.7% | 17.5% |
| 营收同比 | 0.0% | 32.7% |
| 净利润同比 | 14.3% | 12.8% |
| 每股收益（稀释后） | $0.89 | $1.06 |
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AOSFTAI
| Q4 25 | $912.5M | $662.0M | ||
| Q3 25 | $942.5M | $667.1M | ||
| Q2 25 | $1.0B | $676.2M | ||
| Q1 25 | $963.9M | $502.1M | ||
| Q4 24 | $912.4M | $498.8M | ||
| Q3 24 | $902.6M | $465.8M | ||
| Q2 24 | $1.0B | $443.6M | ||
| Q1 24 | $978.8M | $326.7M |
净利润AOSFTAI
| Q4 25 | $125.4M | $115.6M | ||
| Q3 25 | $132.0M | $117.7M | ||
| Q2 25 | $152.2M | $165.4M | ||
| Q1 25 | $136.6M | $102.4M | ||
| Q4 24 | $109.7M | $102.4M | ||
| Q3 24 | $120.1M | $86.5M | ||
| Q2 24 | $156.2M | $-219.9M | ||
| Q1 24 | $147.6M | $39.6M |
毛利率AOSFTAI
| Q4 25 | 38.4% | 44.3% | ||
| Q3 25 | 38.7% | 45.6% | ||
| Q2 25 | 39.3% | 45.4% | ||
| Q1 25 | 38.9% | 50.5% | ||
| Q4 24 | 37.1% | 48.3% | ||
| Q3 24 | 37.4% | 52.9% | ||
| Q2 24 | 38.7% | 53.6% | ||
| Q1 24 | 39.3% | 56.3% |
营业利润率AOSFTAI
| Q4 25 | 17.9% | 20.3% | ||
| Q3 25 | 18.6% | 21.6% | ||
| Q2 25 | 20.4% | 30.1% | ||
| Q1 25 | 19.1% | 24.9% | ||
| Q4 24 | 10.1% | 21.7% | ||
| Q3 24 | 19.5% | 20.1% | ||
| Q2 24 | 21.9% | -52.5% | ||
| Q1 24 | 22.0% | 13.8% |
净利率AOSFTAI
| Q4 25 | 13.7% | 17.5% | ||
| Q3 25 | 14.0% | 17.6% | ||
| Q2 25 | 15.0% | 24.5% | ||
| Q1 25 | 14.2% | 20.4% | ||
| Q4 24 | 12.0% | 20.5% | ||
| Q3 24 | 13.3% | 18.6% | ||
| Q2 24 | 15.2% | -49.6% | ||
| Q1 24 | 15.1% | 12.1% |
每股收益（稀释后）AOSFTAI
| Q4 25 | $0.89 | $1.06 | ||
| Q3 25 | $0.94 | $1.10 | ||
| Q2 25 | $1.07 | $1.57 | ||
| Q1 25 | $0.95 | $0.87 | ||
| Q4 24 | $0.75 | $0.87 | ||
| Q3 24 | $0.82 | $0.76 | ||
| Q2 24 | $1.06 | $-2.26 | ||
| Q1 24 | $1.00 | $0.31 |
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 | $300.5M |
| 总债务越低越好 | $155.0M | $3.4B |
| 股东权益账面价值 | $1.9B | $334.2M |
| 总资产 | $3.1B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.08× | 10.32× |
8季度趋势，按日历期对齐
现金及短期投资AOSFTAI
| Q4 25 | $193.2M | $300.5M | ||
| Q3 25 | $172.8M | $509.9M | ||
| Q2 25 | $177.9M | $301.9M | ||
| Q1 25 | $200.2M | $112.1M | ||
| Q4 24 | $276.1M | $115.1M | ||
| Q3 24 | $255.6M | $111.9M | ||
| Q2 24 | $233.3M | $169.5M | ||
| Q1 24 | $303.1M | $65.2M |
总债务AOSFTAI
| Q4 25 | $155.0M | $3.4B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | $193.2M | $3.4B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $2.7B |
股东权益AOSFTAI
| Q4 25 | $1.9B | $334.2M | ||
| Q3 25 | $1.8B | $252.5M | ||
| Q2 25 | $1.8B | $164.9M | ||
| Q1 25 | $1.9B | $28.3M | ||
| Q4 24 | $1.9B | $81.4M | ||
| Q3 24 | $1.9B | $118.5M | ||
| Q2 24 | $1.9B | $69.6M | ||
| Q1 24 | $1.9B | $177.1M |
总资产AOSFTAI
| Q4 25 | $3.1B | $4.4B | ||
| Q3 25 | $3.2B | $4.2B | ||
| Q2 25 | $3.2B | $4.1B | ||
| Q1 25 | $3.3B | $4.3B | ||
| Q4 24 | $3.2B | $4.0B | ||
| Q3 24 | $3.2B | $3.7B | ||
| Q2 24 | $3.2B | $3.4B | ||
| Q1 24 | $3.2B | $3.2B |
负债/权益比AOSFTAI
| Q4 25 | 0.08× | 10.32× | ||
| Q3 25 | — | 13.65× | ||
| Q2 25 | — | 20.88× | ||
| Q1 25 | — | 128.56× | ||
| Q4 24 | 0.10× | 42.28× | ||
| Q3 24 | — | 27.15× | ||
| Q2 24 | — | 44.24× | ||
| Q1 24 | — | 15.21× |
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 | $-179.1M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $-189.3M |
| 自由现金流率自由现金流/营收 | 18.1% | -28.6% |
| 资本支出强度资本支出/营收 | 1.9% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.46× | -1.55× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $-338.5M |
8季度趋势，按日历期对齐
经营现金流AOSFTAI
| Q4 25 | $183.1M | $-179.1M | ||
| Q3 25 | $255.4M | $4.6M | ||
| Q2 25 | $139.6M | $-110.3M | ||
| Q1 25 | $38.7M | $-26.0M | ||
| Q4 24 | $221.9M | $-41.8M | ||
| Q3 24 | $195.9M | $41.5M | ||
| Q2 24 | $57.4M | $-187.3M | ||
| Q1 24 | $106.6M | $-345.0K |
自由现金流AOSFTAI
| Q4 25 | $165.5M | $-189.3M | ||
| Q3 25 | $240.6M | $-1.8M | ||
| Q2 25 | $122.5M | $-117.2M | ||
| Q1 25 | $17.4M | $-30.1M | ||
| Q4 24 | $191.3M | $-48.1M | ||
| Q3 24 | $163.4M | $41.0M | ||
| Q2 24 | $34.5M | $-188.4M | ||
| Q1 24 | $84.6M | $-1.7M |
自由现金流率AOSFTAI
| Q4 25 | 18.1% | -28.6% | ||
| Q3 25 | 25.5% | -0.3% | ||
| Q2 25 | 12.1% | -17.3% | ||
| Q1 25 | 1.8% | -6.0% | ||
| Q4 24 | 21.0% | -9.6% | ||
| Q3 24 | 18.1% | 8.8% | ||
| Q2 24 | 3.4% | -42.5% | ||
| Q1 24 | 8.6% | -0.5% |
资本支出强度AOSFTAI
| Q4 25 | 1.9% | 1.5% | ||
| Q3 25 | 1.6% | 1.0% | ||
| Q2 25 | 1.7% | 1.0% | ||
| Q1 25 | 2.2% | 0.8% | ||
| Q4 24 | 3.4% | 1.3% | ||
| Q3 24 | 3.6% | 0.1% | ||
| Q2 24 | 2.2% | 0.3% | ||
| Q1 24 | 2.2% | 0.4% |
现金转化率AOSFTAI
| Q4 25 | 1.46× | -1.55× | ||
| Q3 25 | 1.93× | 0.04× | ||
| Q2 25 | 0.92× | -0.67× | ||
| Q1 25 | 0.28× | -0.25× | ||
| Q4 24 | 2.02× | -0.41× | ||
| Q3 24 | 1.63× | 0.48× | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.72× | -0.01× |
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% |
FTAI
| Aerospace Products | $355.5M | 54% |
| Other | $212.3M | 32% |
| Equipment Leasing Revenues | $49.2M | 7% |
| Maintenance | $43.4M | 7% |
| Manufactured Product Other | $1.6M | 0% |
