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A.O.史密斯（AOS）与Hillman Solutions Corp.（HLMN）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Hillman Solutions Corp.的2.5倍（$912.5M vs $365.1M）。A.O.史密斯净利率更高（13.7% vs 0.4%，领先13.3%）。Hillman Solutions Corp.同比增速更快（4.5% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $16.1M）。过去两年Hillman Solutions Corp.的营收复合增速更高（2.1% 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。
Hillman Solutions是一家美国企业，核心业务涵盖五金产品制造、分销以及面向消费者的定制加工服务，为市场提供多元化的五金相关解决方案，服务覆盖产业链多个环节。
AOS vs HLMN — 直观对比
营收规模更大
AOS
是对方的2.5倍
$365.1M
营收增速更快
HLMN
高出4.4%
0.0%
净利率更高
AOS
高出13.3%
0.4%
自由现金流更多
AOS
多$149.4M
$16.1M
两年增速更快
HLMN
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $365.1M |
| 净利润 | $125.4M | $1.6M |
| 毛利率 | 38.4% | — |
| 营业利润率 | 17.9% | 4.6% |
| 净利率 | 13.7% | 0.4% |
| 营收同比 | 0.0% | 4.5% |
| 净利润同比 | 14.3% | 230.8% |
| 每股收益（稀释后） | $0.89 | $0.00 |
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AOSHLMN
| Q4 25 | $912.5M | $365.1M | ||
| Q3 25 | $942.5M | $424.9M | ||
| Q2 25 | $1.0B | $402.8M | ||
| Q1 25 | $963.9M | $359.3M | ||
| Q4 24 | $912.4M | $349.6M | ||
| Q3 24 | $902.6M | $393.3M | ||
| Q2 24 | $1.0B | $379.4M | ||
| Q1 24 | $978.8M | $350.3M |
净利润AOSHLMN
| Q4 25 | $125.4M | $1.6M | ||
| Q3 25 | $132.0M | $23.2M | ||
| Q2 25 | $152.2M | $15.8M | ||
| Q1 25 | $136.6M | $-317.0K | ||
| Q4 24 | $109.7M | $-1.2M | ||
| Q3 24 | $120.1M | $7.4M | ||
| Q2 24 | $156.2M | $12.5M | ||
| Q1 24 | $147.6M | $-1.5M |
毛利率AOSHLMN
| 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AOSHLMN
| Q4 25 | 17.9% | 4.6% | ||
| Q3 25 | 18.6% | 10.8% | ||
| Q2 25 | 20.4% | 9.0% | ||
| Q1 25 | 19.1% | 4.2% | ||
| Q4 24 | 10.1% | 4.0% | ||
| Q3 24 | 19.5% | 6.8% | ||
| Q2 24 | 21.9% | 8.3% | ||
| Q1 24 | 22.0% | 4.7% |
净利率AOSHLMN
| Q4 25 | 13.7% | 0.4% | ||
| Q3 25 | 14.0% | 5.5% | ||
| Q2 25 | 15.0% | 3.9% | ||
| Q1 25 | 14.2% | -0.1% | ||
| Q4 24 | 12.0% | -0.3% | ||
| Q3 24 | 13.3% | 1.9% | ||
| Q2 24 | 15.2% | 3.3% | ||
| Q1 24 | 15.1% | -0.4% |
每股收益（稀释后）AOSHLMN
| Q4 25 | $0.89 | $0.00 | ||
| Q3 25 | $0.94 | $0.12 | ||
| Q2 25 | $1.07 | $0.08 | ||
| Q1 25 | $0.95 | $0.00 | ||
| Q4 24 | $0.75 | $-0.00 | ||
| Q3 24 | $0.82 | $0.04 | ||
| Q2 24 | $1.06 | $0.06 | ||
| Q1 24 | $1.00 | $-0.01 |
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 | $27.3M |
| 总债务越低越好 | $155.0M | $668.3M |
| 股东权益账面价值 | $1.9B | $1.2B |
| 总资产 | $3.1B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资AOSHLMN
| Q4 25 | $193.2M | $27.3M | ||
| Q3 25 | $172.8M | $37.7M | ||
| Q2 25 | $177.9M | $34.2M | ||
| Q1 25 | $200.2M | $36.3M | ||
| Q4 24 | $276.1M | $44.5M | ||
| Q3 24 | $255.6M | $59.8M | ||
| Q2 24 | $233.3M | $54.0M | ||
| Q1 24 | $303.1M | $30.7M |
总债务AOSHLMN
| Q4 25 | $155.0M | $668.3M | ||
| Q3 25 | — | $683.2M | ||
| Q2 25 | — | $683.1M | ||
| Q1 25 | — | $713.5M | ||
| Q4 24 | $193.2M | $691.7M | ||
| Q3 24 | — | $730.7M | ||
| Q2 24 | — | $732.1M | ||
| Q1 24 | — | $751.3M |
股东权益AOSHLMN
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.9B | $1.2B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $1.9B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.9B | $1.2B |
总资产AOSHLMN
| Q4 25 | $3.1B | $2.4B | ||
| Q3 25 | $3.2B | $2.4B | ||
| Q2 25 | $3.2B | $2.4B | ||
| Q1 25 | $3.3B | $2.3B | ||
| Q4 24 | $3.2B | $2.3B | ||
| Q3 24 | $3.2B | $2.4B | ||
| Q2 24 | $3.2B | $2.4B | ||
| Q1 24 | $3.2B | $2.4B |
负债/权益比AOSHLMN
| Q4 25 | 0.08× | 0.54× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | 0.10× | 0.59× | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | — | 0.62× | ||
| Q1 24 | — | 0.65× |
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 | $30.9M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $16.1M |
| 自由现金流率自由现金流/营收 | 18.1% | 4.4% |
| 资本支出强度资本支出/营收 | 1.9% | 4.0% |
| 现金转化率经营现金流/净利润 | 1.46× | 19.33× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $35.1M |
8季度趋势，按日历期对齐
经营现金流AOSHLMN
| Q4 25 | $183.1M | $30.9M | ||
| Q3 25 | $255.4M | $26.2M | ||
| Q2 25 | $139.6M | $48.7M | ||
| Q1 25 | $38.7M | $-655.0K | ||
| Q4 24 | $221.9M | $43.1M | ||
| Q3 24 | $195.9M | $63.7M | ||
| Q2 24 | $57.4M | $64.8M | ||
| Q1 24 | $106.6M | $11.7M |
自由现金流AOSHLMN
| Q4 25 | $165.5M | $16.1M | ||
| Q3 25 | $240.6M | $9.1M | ||
| Q2 25 | $122.5M | $31.2M | ||
| Q1 25 | $17.4M | $-21.3M | ||
| Q4 24 | $191.3M | $22.1M | ||
| Q3 24 | $163.4M | $39.6M | ||
| Q2 24 | $34.5M | $42.5M | ||
| Q1 24 | $84.6M | $-6.1M |
自由现金流率AOSHLMN
| Q4 25 | 18.1% | 4.4% | ||
| Q3 25 | 25.5% | 2.1% | ||
| Q2 25 | 12.1% | 7.7% | ||
| Q1 25 | 1.8% | -5.9% | ||
| Q4 24 | 21.0% | 6.3% | ||
| Q3 24 | 18.1% | 10.1% | ||
| Q2 24 | 3.4% | 11.2% | ||
| Q1 24 | 8.6% | -1.7% |
资本支出强度AOSHLMN
| Q4 25 | 1.9% | 4.0% | ||
| Q3 25 | 1.6% | 4.0% | ||
| Q2 25 | 1.7% | 4.3% | ||
| Q1 25 | 2.2% | 5.7% | ||
| Q4 24 | 3.4% | 6.0% | ||
| Q3 24 | 3.6% | 6.1% | ||
| Q2 24 | 2.2% | 5.9% | ||
| Q1 24 | 2.2% | 5.1% |
现金转化率AOSHLMN
| Q4 25 | 1.46× | 19.33× | ||
| Q3 25 | 1.93× | 1.13× | ||
| Q2 25 | 0.92× | 3.08× | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | 8.57× | ||
| Q2 24 | 0.37× | 5.17× | ||
| Q1 24 | 0.72× | — |
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% |
HLMN
| Fasteningand Hardware | $228.8M | 63% |
| Personal Protection Solutions | $55.7M | 15% |
| Robotics And Digital Solutions Segment | $49.6M | 14% |
| Other | $19.4M | 5% |
| Engraving | $11.7M | 3% |
