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A.O.史密斯（AOS）与格罗方德（GFS）财务数据对比。点击上方公司名可切换其他公司
格罗方德的季度营收约是A.O.史密斯的1.8倍（$1.7B vs $945.6M），格罗方德净利率更高（14.8% vs 12.5%，领先2.3%），A.O.史密斯同比增速更快（-2.0% vs -2.9%），过去两年A.O.史密斯的营收复合增速更高（-3.9% vs -4.3%）
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。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
AOS vs GFS — 直观对比
营收规模更大
GFS
是对方的1.8倍
$945.6M
营收增速更快
AOS
高出0.9%
-2.9%
净利率更高
GFS
高出2.3%
12.5%
两年增速更快
AOS
近两年复合增速
-4.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $1.7B |
| 净利润 | $118.0M | $249.0M |
| 毛利率 | 38.7% | 24.8% |
| 营业利润率 | — | 11.6% |
| 净利率 | 12.5% | 14.8% |
| 营收同比 | -2.0% | -2.9% |
| 净利润同比 | -14.0% | 39.9% |
| 每股收益（稀释后） | $0.85 | $0.44 |
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AOSGFS
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | — | ||
| Q3 25 | $942.5M | $1.7B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $963.9M | $1.6B | ||
| Q4 24 | $912.4M | — | ||
| Q3 24 | $902.6M | $1.7B | ||
| Q2 24 | $1.0B | $1.6B |
净利润AOSGFS
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | — | ||
| Q3 25 | $132.0M | $249.0M | ||
| Q2 25 | $152.2M | $228.0M | ||
| Q1 25 | $136.6M | $211.0M | ||
| Q4 24 | $109.7M | — | ||
| Q3 24 | $120.1M | $178.0M | ||
| Q2 24 | $156.2M | $155.0M |
毛利率AOSGFS
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | 24.8% | ||
| Q2 25 | 39.3% | 24.2% | ||
| Q1 25 | 38.9% | 22.4% | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | 23.8% | ||
| Q2 24 | 38.7% | 24.2% |
营业利润率AOSGFS
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | — | ||
| Q3 25 | 18.6% | 11.6% | ||
| Q2 25 | 20.4% | 11.6% | ||
| Q1 25 | 19.1% | 9.5% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 19.5% | 10.6% | ||
| Q2 24 | 21.9% | 9.5% |
净利率AOSGFS
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | — | ||
| Q3 25 | 14.0% | 14.8% | ||
| Q2 25 | 15.0% | 13.5% | ||
| Q1 25 | 14.2% | 13.3% | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 13.3% | 10.2% | ||
| Q2 24 | 15.2% | 9.5% |
每股收益（稀释后）AOSGFS
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | — | ||
| Q3 25 | $0.94 | $0.44 | ||
| Q2 25 | $1.07 | $0.41 | ||
| Q1 25 | $0.95 | $0.38 | ||
| Q4 24 | $0.75 | — | ||
| Q3 24 | $0.82 | $0.32 | ||
| Q2 24 | $1.06 | $0.28 |
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 | $2.0B |
| 总债务越低越好 | $574.2M | — |
| 股东权益账面价值 | $1.9B | $11.8B |
| 总资产 | $3.7B | $16.7B |
| 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AOSGFS
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | — | ||
| Q3 25 | $172.8M | $2.0B | ||
| Q2 25 | $177.9M | $1.8B | ||
| Q1 25 | $200.2M | $1.6B | ||
| Q4 24 | $276.1M | — | ||
| Q3 24 | $255.6M | $2.3B | ||
| Q2 24 | $233.3M | $2.2B |
总债务AOSGFS
| 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AOSGFS
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.8B | $11.8B | ||
| Q2 25 | $1.8B | $11.5B | ||
| Q1 25 | $1.9B | $11.1B | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | $11.6B | ||
| Q2 24 | $1.9B | $11.3B |
总资产AOSGFS
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.2B | $16.7B | ||
| Q2 25 | $3.2B | $16.8B | ||
| Q1 25 | $3.3B | $16.5B | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.2B | $18.1B | ||
| Q2 24 | $3.2B | — |
负债/权益比AOSGFS
| 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 | — | $595.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | — | 2.39× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AOSGFS
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | — | ||
| Q3 25 | $255.4M | $595.0M | ||
| Q2 25 | $139.6M | $431.0M | ||
| Q1 25 | $38.7M | $331.0M | ||
| Q4 24 | $221.9M | — | ||
| Q3 24 | $195.9M | $375.0M | ||
| Q2 24 | $57.4M | $402.0M |
自由现金流AOSGFS
| Q1 26 | — | — | ||
| Q4 25 | $165.5M | — | ||
| Q3 25 | $240.6M | — | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $17.4M | — | ||
| Q4 24 | $191.3M | — | ||
| Q3 24 | $163.4M | — | ||
| Q2 24 | $34.5M | — |
自由现金流率AOSGFS
| Q1 26 | — | — | ||
| Q4 25 | 18.1% | — | ||
| Q3 25 | 25.5% | — | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 21.0% | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 3.4% | — |
资本支出强度AOSGFS
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 2.2% | — |
现金转化率AOSGFS
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | 2.39× | ||
| Q2 25 | 0.92× | 1.89× | ||
| Q1 25 | 0.28× | 1.57× | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | 2.11× | ||
| Q2 24 | 0.37× | 2.59× |
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
暂无分部数据
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
