vs
A.O.史密斯（AOS）与GORMAN RUPP CO（GRC）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GORMAN RUPP CO的5.5倍（$912.5M vs $166.6M）。A.O.史密斯净利率更高（13.7% vs 8.3%，领先5.5%）。GORMAN RUPP CO同比增速更快（2.4% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $10.2M）。过去两年GORMAN RUPP CO的营收复合增速更高（2.3% 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。
戈尔曼-拉普是一家总部位于俄亥俄州曼斯菲尔德的泵类制造商，产品面向市政供水、污水处理、工业、建筑、石油、消防及原始设备制造等多个领域提供配套水泵，公司在纽约证券交易所上市，现任首席执行官为斯科特·金。
AOS vs GRC — 直观对比
营收规模更大
AOS
是对方的5.5倍
$166.6M
营收增速更快
GRC
高出2.4%
0.0%
净利率更高
AOS
高出5.5%
8.3%
自由现金流更多
AOS
多$155.3M
$10.2M
两年增速更快
GRC
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $166.6M |
| 净利润 | $125.4M | $13.7M |
| 毛利率 | 38.4% | 31.4% |
| 营业利润率 | 17.9% | 14.9% |
| 净利率 | 13.7% | 8.3% |
| 营收同比 | 0.0% | 2.4% |
| 净利润同比 | 14.3% | 25.2% |
| 每股收益（稀释后） | $0.89 | $0.53 |
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AOSGRC
| Q4 25 | $912.5M | $166.6M | ||
| Q3 25 | $942.5M | $172.8M | ||
| Q2 25 | $1.0B | $179.0M | ||
| Q1 25 | $963.9M | $163.9M | ||
| Q4 24 | $912.4M | $162.7M | ||
| Q3 24 | $902.6M | $168.2M | ||
| Q2 24 | $1.0B | $169.5M | ||
| Q1 24 | $978.8M | $159.3M |
净利润AOSGRC
| Q4 25 | $125.4M | $13.7M | ||
| Q3 25 | $132.0M | $11.3M | ||
| Q2 25 | $152.2M | $15.8M | ||
| Q1 25 | $136.6M | $12.1M | ||
| Q4 24 | $109.7M | $11.0M | ||
| Q3 24 | $120.1M | $12.9M | ||
| Q2 24 | $156.2M | $8.3M | ||
| Q1 24 | $147.6M | $7.9M |
毛利率AOSGRC
| Q4 25 | 38.4% | 31.4% | ||
| Q3 25 | 38.7% | 29.2% | ||
| Q2 25 | 39.3% | 31.3% | ||
| Q1 25 | 38.9% | 30.7% | ||
| Q4 24 | 37.1% | 30.2% | ||
| Q3 24 | 37.4% | 31.3% | ||
| Q2 24 | 38.7% | 31.9% | ||
| Q1 24 | 39.3% | 30.4% |
营业利润率AOSGRC
| Q4 25 | 17.9% | 14.9% | ||
| Q3 25 | 18.6% | 12.4% | ||
| Q2 25 | 20.4% | 15.0% | ||
| Q1 25 | 19.1% | 13.5% | ||
| Q4 24 | 10.1% | 13.0% | ||
| Q3 24 | 19.5% | 14.2% | ||
| Q2 24 | 21.9% | 15.4% | ||
| Q1 24 | 22.0% | 12.8% |
净利率AOSGRC
| Q4 25 | 13.7% | 8.3% | ||
| Q3 25 | 14.0% | 6.6% | ||
| Q2 25 | 15.0% | 8.8% | ||
| Q1 25 | 14.2% | 7.4% | ||
| Q4 24 | 12.0% | 6.7% | ||
| Q3 24 | 13.3% | 7.7% | ||
| Q2 24 | 15.2% | 4.9% | ||
| Q1 24 | 15.1% | 5.0% |
每股收益（稀释后）AOSGRC
| Q4 25 | $0.89 | $0.53 | ||
| Q3 25 | $0.94 | $0.43 | ||
| Q2 25 | $1.07 | $0.60 | ||
| Q1 25 | $0.95 | $0.46 | ||
| Q4 24 | $0.75 | $0.42 | ||
| Q3 24 | $0.82 | $0.49 | ||
| Q2 24 | $1.06 | $0.32 | ||
| Q1 24 | $1.00 | $0.30 |
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 | $35.1M |
| 总债务越低越好 | $155.0M | $307.5M |
| 股东权益账面价值 | $1.9B | $414.7M |
| 总资产 | $3.1B | $860.1M |
| 负债/权益比越低杠杆越低 | 0.08× | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资AOSGRC
| Q4 25 | $193.2M | $35.1M | ||
| Q3 25 | $172.8M | $42.9M | ||
| Q2 25 | $177.9M | $27.0M | ||
| Q1 25 | $200.2M | $21.8M | ||
| Q4 24 | $276.1M | $24.2M | ||
| Q3 24 | $255.6M | $39.7M | ||
| Q2 24 | $233.3M | $34.2M | ||
| Q1 24 | $303.1M | $27.8M |
总债务AOSGRC
| Q4 25 | $155.0M | $307.5M | ||
| Q3 25 | — | $322.3M | ||
| Q2 25 | — | $337.1M | ||
| Q1 25 | — | $352.2M | ||
| Q4 24 | $193.2M | $366.6M | ||
| Q3 24 | — | $381.0M | ||
| Q2 24 | — | $395.4M | ||
| Q1 24 | — | $400.7M |
股东权益AOSGRC
| Q4 25 | $1.9B | $414.7M | ||
| Q3 25 | $1.8B | $405.2M | ||
| Q2 25 | $1.8B | $397.8M | ||
| Q1 25 | $1.9B | $382.1M | ||
| Q4 24 | $1.9B | $373.8M | ||
| Q3 24 | $1.9B | $367.3M | ||
| Q2 24 | $1.9B | $358.6M | ||
| Q1 24 | $1.9B | $353.7M |
总资产AOSGRC
| Q4 25 | $3.1B | $860.1M | ||
| Q3 25 | $3.2B | $869.9M | ||
| Q2 25 | $3.2B | $861.8M | ||
| Q1 25 | $3.3B | $857.8M | ||
| Q4 24 | $3.2B | $858.5M | ||
| Q3 24 | $3.2B | $883.5M | ||
| Q2 24 | $3.2B | $891.1M | ||
| Q1 24 | $3.2B | $887.4M |
负债/权益比AOSGRC
| Q4 25 | 0.08× | 0.74× | ||
| Q3 25 | — | 0.80× | ||
| Q2 25 | — | 0.85× | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | 0.10× | 0.98× | ||
| Q3 24 | — | 1.04× | ||
| Q2 24 | — | 1.10× | ||
| Q1 24 | — | 1.13× |
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 | $15.0M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $10.2M |
| 自由现金流率自由现金流/营收 | 18.1% | 6.1% |
| 资本支出强度资本支出/营收 | 1.9% | 2.9% |
| 现金转化率经营现金流/净利润 | 1.46× | 1.09× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $88.9M |
8季度趋势，按日历期对齐
经营现金流AOSGRC
| Q4 25 | $183.1M | $15.0M | ||
| Q3 25 | $255.4M | $42.3M | ||
| Q2 25 | $139.6M | $27.8M | ||
| Q1 25 | $38.7M | $21.1M | ||
| Q4 24 | $221.9M | $9.3M | ||
| Q3 24 | $195.9M | $27.2M | ||
| Q2 24 | $57.4M | $22.7M | ||
| Q1 24 | $106.6M | $10.7M |
自由现金流AOSGRC
| Q4 25 | $165.5M | $10.2M | ||
| Q3 25 | $240.6M | $35.8M | ||
| Q2 25 | $122.5M | $24.8M | ||
| Q1 25 | $17.4M | $18.1M | ||
| Q4 24 | $191.3M | $5.2M | ||
| Q3 24 | $163.4M | $24.0M | ||
| Q2 24 | $34.5M | $19.4M | ||
| Q1 24 | $84.6M | $6.8M |
自由现金流率AOSGRC
| Q4 25 | 18.1% | 6.1% | ||
| Q3 25 | 25.5% | 20.7% | ||
| Q2 25 | 12.1% | 13.9% | ||
| Q1 25 | 1.8% | 11.0% | ||
| Q4 24 | 21.0% | 3.2% | ||
| Q3 24 | 18.1% | 14.3% | ||
| Q2 24 | 3.4% | 11.5% | ||
| Q1 24 | 8.6% | 4.3% |
资本支出强度AOSGRC
| Q4 25 | 1.9% | 2.9% | ||
| Q3 25 | 1.6% | 3.8% | ||
| Q2 25 | 1.7% | 1.7% | ||
| Q1 25 | 2.2% | 1.8% | ||
| Q4 24 | 3.4% | 2.5% | ||
| Q3 24 | 3.6% | 1.9% | ||
| Q2 24 | 2.2% | 1.9% | ||
| Q1 24 | 2.2% | 2.5% |
现金转化率AOSGRC
| Q4 25 | 1.46× | 1.09× | ||
| Q3 25 | 1.93× | 3.73× | ||
| Q2 25 | 0.92× | 1.76× | ||
| Q1 25 | 0.28× | 1.74× | ||
| Q4 24 | 2.02× | 0.84× | ||
| Q3 24 | 1.63× | 2.10× | ||
| Q2 24 | 0.37× | 2.72× | ||
| Q1 24 | 0.72× | 1.36× |
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% |
GRC
| Industrial | $34.7M | 21% |
| Fire Market | $31.4M | 19% |
| Municipal | $25.3M | 15% |
| Agriculture | $22.5M | 14% |
| Repair Parts | $18.9M | 11% |
| Construction | $17.3M | 10% |
| Original Equipment Manufacturer | $10.8M | 7% |
| Petroleum | $5.6M | 3% |
