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A.O.史密斯（AOS）与Globe Life（GL）财务数据对比。点击上方公司名可切换其他公司
Globe Life的季度营收约是A.O.史密斯的1.6倍（$1.5B vs $945.6M），Globe Life净利率更高（17.5% vs 12.5%，领先5.0%），Globe Life同比增速更快（3.6% vs -2.0%），过去两年Globe Life的营收复合增速更高（3.6% vs -3.9%）
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。
Globe Life Inc.（股票代码：GL）是总部位于美国得克萨斯州麦金尼的金融服务控股公司，在纽约证券交易所上市，通过旗下全资子公司开展业务，主营人寿保险、年金产品及补充健康保险产品。
AOS vs GL — 直观对比
营收规模更大
GL
是对方的1.6倍
$945.6M
营收增速更快
GL
高出5.6%
-2.0%
净利率更高
GL
高出5.0%
12.5%
两年增速更快
GL
近两年复合增速
-3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $1.5B |
| 净利润 | $118.0M | $266.1M |
| 毛利率 | 38.7% | — |
| 营业利润率 | — | 21.7% |
| 净利率 | 12.5% | 17.5% |
| 营收同比 | -2.0% | 3.6% |
| 净利润同比 | -14.0% | 4.3% |
| 每股收益（稀释后） | $0.85 | $3.28 |
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AOSGL
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | $1.5B | ||
| Q3 25 | $942.5M | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $963.9M | $1.5B | ||
| Q4 24 | $912.4M | $1.5B | ||
| Q3 24 | $902.6M | $1.5B | ||
| Q2 24 | $1.0B | $1.4B |
净利润AOSGL
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | $266.1M | ||
| Q3 25 | $132.0M | $387.8M | ||
| Q2 25 | $152.2M | $252.7M | ||
| Q1 25 | $136.6M | $254.6M | ||
| Q4 24 | $109.7M | $255.2M | ||
| Q3 24 | $120.1M | $303.0M | ||
| Q2 24 | $156.2M | $258.4M |
毛利率AOSGL
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | 26.1% | ||
| Q2 24 | 38.7% | 23.3% |
营业利润率AOSGL
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 21.7% | ||
| Q3 25 | 18.6% | 31.5% | ||
| Q2 25 | 20.4% | 21.2% | ||
| Q1 25 | 19.1% | 21.4% | ||
| Q4 24 | 10.1% | 21.3% | ||
| Q3 24 | 19.5% | 26.3% | ||
| Q2 24 | 21.9% | 23.5% |
净利率AOSGL
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | 17.5% | ||
| Q3 25 | 14.0% | 25.6% | ||
| Q2 25 | 15.0% | 17.1% | ||
| Q1 25 | 14.2% | 17.2% | ||
| Q4 24 | 12.0% | 17.4% | ||
| Q3 24 | 13.3% | 20.8% | ||
| Q2 24 | 15.2% | 17.9% |
每股收益（稀释后）AOSGL
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | $3.28 | ||
| Q3 25 | $0.94 | $4.73 | ||
| Q2 25 | $1.07 | $3.05 | ||
| Q1 25 | $0.95 | $3.01 | ||
| Q4 24 | $0.75 | $3.00 | ||
| Q3 24 | $0.82 | $3.44 | ||
| Q2 24 | $1.06 | $2.83 |
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 | $314.7M |
| 总债务越低越好 | $574.2M | — |
| 股东权益账面价值 | $1.9B | $6.0B |
| 总资产 | $3.7B | $30.8B |
| 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AOSGL
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $314.7M | ||
| Q3 25 | $172.8M | $62.8M | ||
| Q2 25 | $177.9M | $116.7M | ||
| Q1 25 | $200.2M | $134.1M | ||
| Q4 24 | $276.1M | $85.0M | ||
| Q3 24 | $255.6M | $100.5M | ||
| Q2 24 | $233.3M | $100.6M |
总债务AOSGL
| 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AOSGL
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $6.0B | ||
| Q3 25 | $1.8B | $5.7B | ||
| Q2 25 | $1.8B | $5.4B | ||
| Q1 25 | $1.9B | $5.4B | ||
| Q4 24 | $1.9B | $5.3B | ||
| Q3 24 | $1.9B | $4.6B | ||
| Q2 24 | $1.9B | $5.2B |
总资产AOSGL
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $30.8B | ||
| Q3 25 | $3.2B | $30.5B | ||
| Q2 25 | $3.2B | $29.8B | ||
| Q1 25 | $3.3B | $29.7B | ||
| Q4 24 | $3.2B | $29.1B | ||
| Q3 24 | $3.2B | $29.6B | ||
| Q2 24 | $3.2B | $28.3B |
负债/权益比AOSGL
| 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 | — | $350.6M |
| 自由现金流经营现金流 - 资本支出 | — | $330.1M |
| 自由现金流率自由现金流/营收 | — | 21.7% |
| 资本支出强度资本支出/营收 | 1.1% | 1.3% |
| 现金转化率经营现金流/净利润 | — | 1.32× |
| 过去12个月自由现金流最近4个季度 | — | $1.3B |
8季度趋势，按日历期对齐
经营现金流AOSGL
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $350.6M | ||
| Q3 25 | $255.4M | $306.0M | ||
| Q2 25 | $139.6M | $307.9M | ||
| Q1 25 | $38.7M | $431.9M | ||
| Q4 24 | $221.9M | $336.9M | ||
| Q3 24 | $195.9M | $340.6M | ||
| Q2 24 | $57.4M | $374.1M |
自由现金流AOSGL
| Q1 26 | — | — | ||
| Q4 25 | $165.5M | $330.1M | ||
| Q3 25 | $240.6M | $208.7M | ||
| Q2 25 | $122.5M | $295.0M | ||
| Q1 25 | $17.4M | $420.1M | ||
| Q4 24 | $191.3M | $321.9M | ||
| Q3 24 | $163.4M | $311.3M | ||
| Q2 24 | $34.5M | $356.5M |
自由现金流率AOSGL
| Q1 26 | — | — | ||
| Q4 25 | 18.1% | 21.7% | ||
| Q3 25 | 25.5% | 13.8% | ||
| Q2 25 | 12.1% | 19.9% | ||
| Q1 25 | 1.8% | 28.4% | ||
| Q4 24 | 21.0% | 22.0% | ||
| Q3 24 | 18.1% | 21.4% | ||
| Q2 24 | 3.4% | 24.8% |
资本支出强度AOSGL
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 1.3% | ||
| Q3 25 | 1.6% | 6.4% | ||
| Q2 25 | 1.7% | 0.9% | ||
| Q1 25 | 2.2% | 0.8% | ||
| Q4 24 | 3.4% | 1.0% | ||
| Q3 24 | 3.6% | 2.0% | ||
| Q2 24 | 2.2% | 1.2% |
现金转化率AOSGL
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 1.32× | ||
| Q3 25 | 1.93× | 0.79× | ||
| Q2 25 | 0.92× | 1.22× | ||
| Q1 25 | 0.28× | 1.70× | ||
| Q4 24 | 2.02× | 1.32× | ||
| Q3 24 | 1.63× | 1.12× | ||
| Q2 24 | 0.37× | 1.45× |
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
GL
| Life Segment | $849.6M | 56% |
| Health Segment | $392.3M | 26% |
| Investment Segment | $281.4M | 19% |
