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A.O.史密斯（AOS）与GEO GROUP INC（GEO）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GEO GROUP INC的1.3倍（$912.5M vs $708.4M）。A.O.史密斯净利率更高（13.7% vs 4.5%，领先9.3%）。GEO GROUP INC同比增速更快（16.6% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $-153.6M）。过去两年GEO GROUP INC的营收复合增速更高（8.1% 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。
GEO集团是一家总部位于美国佛罗里达州博卡拉顿的上市企业，核心业务为投资及运营私营监狱、心理健康相关机构，业务覆盖美国、澳大利亚、南非、英国等市场，运营设施包含移民拘留中心、低安保级别拘留中心、心理健康及 residential 治疗机构，同时也承接政府所有设施的委托管理服务。
AOS vs GEO — 直观对比
营收规模更大
AOS
是对方的1.3倍
$708.4M
营收增速更快
GEO
高出16.6%
0.0%
净利率更高
AOS
高出9.3%
4.5%
自由现金流更多
AOS
多$319.1M
$-153.6M
两年增速更快
GEO
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $708.4M |
| 净利润 | $125.4M | $31.8M |
| 毛利率 | 38.4% | — |
| 营业利润率 | 17.9% | 11.8% |
| 净利率 | 13.7% | 4.5% |
| 营收同比 | 0.0% | 16.6% |
| 净利润同比 | 14.3% | 105.1% |
| 每股收益（稀释后） | $0.89 | $0.16 |
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AOSGEO
| Q4 25 | $912.5M | $708.4M | ||
| Q3 25 | $942.5M | $682.3M | ||
| Q2 25 | $1.0B | $636.2M | ||
| Q1 25 | $963.9M | $604.6M | ||
| Q4 24 | $912.4M | $607.7M | ||
| Q3 24 | $902.6M | $603.1M | ||
| Q2 24 | $1.0B | $607.2M | ||
| Q1 24 | $978.8M | $605.7M |
净利润AOSGEO
| Q4 25 | $125.4M | $31.8M | ||
| Q3 25 | $132.0M | $173.9M | ||
| Q2 25 | $152.2M | $29.1M | ||
| Q1 25 | $136.6M | $19.6M | ||
| Q4 24 | $109.7M | $15.5M | ||
| Q3 24 | $120.1M | $26.3M | ||
| Q2 24 | $156.2M | $-32.5M | ||
| Q1 24 | $147.6M | $22.7M |
毛利率AOSGEO
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | — | ||
| Q2 24 | 38.7% | — | ||
| Q1 24 | 39.3% | — |
营业利润率AOSGEO
| Q4 25 | 17.9% | 11.8% | ||
| Q3 25 | 18.6% | 6.0% | ||
| Q2 25 | 20.4% | 11.3% | ||
| Q1 25 | 19.1% | 10.1% | ||
| Q4 24 | 10.1% | 11.2% | ||
| Q3 24 | 19.5% | 13.7% | ||
| Q2 24 | 21.9% | 13.2% | ||
| Q1 24 | 22.0% | 13.1% |
净利率AOSGEO
| Q4 25 | 13.7% | 4.5% | ||
| Q3 25 | 14.0% | 25.5% | ||
| Q2 25 | 15.0% | 4.6% | ||
| Q1 25 | 14.2% | 3.2% | ||
| Q4 24 | 12.0% | 2.5% | ||
| Q3 24 | 13.3% | 4.4% | ||
| Q2 24 | 15.2% | -5.4% | ||
| Q1 24 | 15.1% | 3.7% |
每股收益（稀释后）AOSGEO
| Q4 25 | $0.89 | $0.16 | ||
| Q3 25 | $0.94 | $1.24 | ||
| Q2 25 | $1.07 | $0.21 | ||
| Q1 25 | $0.95 | $0.21 | ||
| Q4 24 | $0.75 | $0.14 | ||
| Q3 24 | $0.82 | $0.19 | ||
| Q2 24 | $1.06 | $-0.25 | ||
| Q1 24 | $1.00 | $0.14 |
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 | $69.0M |
| 总债务越低越好 | $155.0M | $1.7B |
| 股东权益账面价值 | $1.9B | $1.5B |
| 总资产 | $3.1B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.08× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资AOSGEO
| Q4 25 | $193.2M | $69.0M | ||
| Q3 25 | $172.8M | $183.9M | ||
| Q2 25 | $177.9M | $67.9M | ||
| Q1 25 | $200.2M | $64.8M | ||
| Q4 24 | $276.1M | $76.9M | ||
| Q3 24 | $255.6M | $70.6M | ||
| Q2 24 | $233.3M | $46.3M | ||
| Q1 24 | $303.1M | $126.5M |
总债务AOSGEO
| Q4 25 | $155.0M | $1.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSGEO
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.9B | $1.3B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $1.9B | $1.3B |
总资产AOSGEO
| Q4 25 | $3.1B | $3.8B | ||
| Q3 25 | $3.2B | $3.8B | ||
| Q2 25 | $3.2B | $3.7B | ||
| Q1 25 | $3.3B | $3.6B | ||
| Q4 24 | $3.2B | $3.6B | ||
| Q3 24 | $3.2B | $3.6B | ||
| Q2 24 | $3.2B | $3.6B | ||
| Q1 24 | $3.2B | $3.7B |
负债/权益比AOSGEO
| Q4 25 | 0.08× | 1.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | 1.31× | ||
| 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 | $-117.3M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $-153.6M |
| 自由现金流率自由现金流/营收 | 18.1% | -21.7% |
| 资本支出强度资本支出/营收 | 1.9% | 5.1% |
| 现金转化率经营现金流/净利润 | 1.46× | -3.69× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $-124.9M |
8季度趋势，按日历期对齐
经营现金流AOSGEO
| Q4 25 | $183.1M | $-117.3M | ||
| Q3 25 | $255.4M | $79.6M | ||
| Q2 25 | $139.6M | $39.2M | ||
| Q1 25 | $38.7M | $71.2M | ||
| Q4 24 | $221.9M | $18.5M | ||
| Q3 24 | $195.9M | $109.3M | ||
| Q2 24 | $57.4M | $31.2M | ||
| Q1 24 | $106.6M | $83.3M |
自由现金流AOSGEO
| Q4 25 | $165.5M | $-153.6M | ||
| Q3 25 | $240.6M | $-14.1M | ||
| Q2 25 | $122.5M | $2.4M | ||
| Q1 25 | $17.4M | $40.5M | ||
| Q4 24 | $191.3M | $-2.3M | ||
| Q3 24 | $163.4M | $90.5M | ||
| Q2 24 | $34.5M | $6.8M | ||
| Q1 24 | $84.6M | $68.5M |
自由现金流率AOSGEO
| Q4 25 | 18.1% | -21.7% | ||
| Q3 25 | 25.5% | -2.1% | ||
| Q2 25 | 12.1% | 0.4% | ||
| Q1 25 | 1.8% | 6.7% | ||
| Q4 24 | 21.0% | -0.4% | ||
| Q3 24 | 18.1% | 15.0% | ||
| Q2 24 | 3.4% | 1.1% | ||
| Q1 24 | 8.6% | 11.3% |
资本支出强度AOSGEO
| Q4 25 | 1.9% | 5.1% | ||
| Q3 25 | 1.6% | 13.7% | ||
| Q2 25 | 1.7% | 5.8% | ||
| Q1 25 | 2.2% | 5.1% | ||
| Q4 24 | 3.4% | 3.4% | ||
| Q3 24 | 3.6% | 3.1% | ||
| Q2 24 | 2.2% | 4.0% | ||
| Q1 24 | 2.2% | 2.4% |
现金转化率AOSGEO
| Q4 25 | 1.46× | -3.69× | ||
| Q3 25 | 1.93× | 0.46× | ||
| Q2 25 | 0.92× | 1.35× | ||
| Q1 25 | 0.28× | 3.64× | ||
| Q4 24 | 2.02× | 1.19× | ||
| Q3 24 | 1.63× | 4.15× | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.72× | 3.67× |
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% |
GEO
| Us Corrections And Detention | $498.0M | 70% |
| Electronic Monitoring And Supervision Services | $83.7M | 12% |
| Reentry Services | $72.2M | 10% |
| AU | $49.1M | 7% |
| ZA | $5.4M | 1% |
