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A.O.史密斯（AOS）与HERC HOLDINGS INC（HRI）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HERC HOLDINGS INC的30.3倍（$912.5M vs $30.1M）。A.O.史密斯净利率更高（13.7% vs -331.7%，领先345.4%）。HERC HOLDINGS INC同比增速更快（629.3% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $-14.3M）。过去两年HERC HOLDINGS INC的营收复合增速更高（594.1% 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。
Herc Holdings Inc.是北美领先的设备租赁服务供应商，主营工程重型机械、电动工具、临时供电及温控系统租赁业务，服务覆盖建筑、工业、商业活动、基建及政府等领域，业务遍布美国与加拿大。
AOS vs HRI — 直观对比
营收规模更大
AOS
是对方的30.3倍
$30.1M
营收增速更快
HRI
高出629.2%
0.0%
净利率更高
AOS
高出345.4%
-331.7%
自由现金流更多
AOS
多$179.8M
$-14.3M
两年增速更快
HRI
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $30.1M |
| 净利润 | $125.4M | $-99.9M |
| 毛利率 | 38.4% | 42.3% |
| 营业利润率 | 17.9% | -77.4% |
| 净利率 | 13.7% | -331.7% |
| 营收同比 | 0.0% | 629.3% |
| 净利润同比 | 14.3% | -866.2% |
| 每股收益（稀释后） | $0.89 | $-0.36 |
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AOSHRI
| Q4 25 | $912.5M | $30.1M | ||
| Q3 25 | $942.5M | $10.1M | ||
| Q2 25 | $1.0B | $6.3M | ||
| Q1 25 | $963.9M | $4.2M | ||
| Q4 24 | $912.4M | $4.1M | ||
| Q3 24 | $902.6M | $1.5M | ||
| Q2 24 | $1.0B | $957.9K | ||
| Q1 24 | $978.8M | $625.0K |
净利润AOSHRI
| Q4 25 | $125.4M | $-99.9M | ||
| Q3 25 | $132.0M | $-7.5M | ||
| Q2 25 | $152.2M | $-10.8M | ||
| Q1 25 | $136.6M | $-14.1M | ||
| Q4 24 | $109.7M | $-10.3M | ||
| Q3 24 | $120.1M | $-9.5M | ||
| Q2 24 | $156.2M | $-8.3M | ||
| Q1 24 | $147.6M | $-9.9M |
毛利率AOSHRI
| Q4 25 | 38.4% | 42.3% | ||
| Q3 25 | 38.7% | 25.8% | ||
| Q2 25 | 39.3% | 53.1% | ||
| Q1 25 | 38.9% | 35.0% | ||
| Q4 24 | 37.1% | 21.4% | ||
| Q3 24 | 37.4% | 3.2% | ||
| Q2 24 | 38.7% | -19.9% | ||
| Q1 24 | 39.3% | -63.2% |
营业利润率AOSHRI
| Q4 25 | 17.9% | -77.4% | ||
| Q3 25 | 18.6% | -153.5% | ||
| Q2 25 | 20.4% | -147.4% | ||
| Q1 25 | 19.1% | -242.7% | ||
| Q4 24 | 10.1% | -206.3% | ||
| Q3 24 | 19.5% | -584.9% | ||
| Q2 24 | 21.9% | -866.9% | ||
| Q1 24 | 22.0% | -1460.3% |
净利率AOSHRI
| Q4 25 | 13.7% | -331.7% | ||
| Q3 25 | 14.0% | -74.1% | ||
| Q2 25 | 15.0% | -171.4% | ||
| Q1 25 | 14.2% | -332.8% | ||
| Q4 24 | 12.0% | -250.3% | ||
| Q3 24 | 13.3% | -643.3% | ||
| Q2 24 | 15.2% | -863.4% | ||
| Q1 24 | 15.1% | -1580.2% |
每股收益（稀释后）AOSHRI
| Q4 25 | $0.89 | $-0.36 | ||
| Q3 25 | $0.94 | $-0.03 | ||
| Q2 25 | $1.07 | $-0.08 | ||
| Q1 25 | $0.95 | $-0.15 | ||
| Q4 24 | $0.75 | $-0.15 | ||
| Q3 24 | $0.82 | $-0.15 | ||
| Q2 24 | $1.06 | $-0.14 | ||
| Q1 24 | $1.00 | $-0.17 |
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 | $550.7M |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $437.8M |
| 总资产 | $3.1B | $1.1B |
| 负债/权益比越低杠杆越低 | 0.08× | — |
8季度趋势，按日历期对齐
现金及短期投资AOSHRI
| Q4 25 | $193.2M | $550.7M | ||
| Q3 25 | $172.8M | $432.8M | ||
| Q2 25 | $177.9M | $67.6M | ||
| Q1 25 | $200.2M | — | ||
| Q4 24 | $276.1M | $30.0M | ||
| Q3 24 | $255.6M | — | ||
| Q2 24 | $233.3M | — | ||
| Q1 24 | $303.1M | — |
总债务AOSHRI
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | $300.0K | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSHRI
| Q4 25 | $1.9B | $437.8M | ||
| Q3 25 | $1.8B | $486.1M | ||
| Q2 25 | $1.8B | $90.8M | ||
| Q1 25 | $1.9B | $26.1M | ||
| Q4 24 | $1.9B | $16.6M | ||
| Q3 24 | $1.9B | $14.9M | ||
| Q2 24 | $1.9B | $19.4M | ||
| Q1 24 | $1.9B | $27.8M |
总资产AOSHRI
| Q4 25 | $3.1B | $1.1B | ||
| Q3 25 | $3.2B | $550.2M | ||
| Q2 25 | $3.2B | $152.0M | ||
| Q1 25 | $3.3B | $104.6M | ||
| Q4 24 | $3.2B | $109.6M | ||
| Q3 24 | $3.2B | $80.2M | ||
| Q2 24 | $3.2B | $82.5M | ||
| Q1 24 | $3.2B | $91.6M |
负债/权益比AOSHRI
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | 0.02× | ||
| 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 | $-12.7M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $-14.3M |
| 自由现金流率自由现金流/营收 | 18.1% | -47.6% |
| 资本支出强度资本支出/营收 | 1.9% | 5.3% |
| 现金转化率经营现金流/净利润 | 1.46× | — |
| 过去12个月自由现金流最近4个季度 | $546.0M | $-40.8M |
8季度趋势，按日历期对齐
经营现金流AOSHRI
| Q4 25 | $183.1M | $-12.7M | ||
| Q3 25 | $255.4M | $-11.0M | ||
| Q2 25 | $139.6M | $-8.4M | ||
| Q1 25 | $38.7M | $-6.7M | ||
| Q4 24 | $221.9M | $-8.1M | ||
| Q3 24 | $195.9M | $-9.1M | ||
| Q2 24 | $57.4M | $-8.8M | ||
| Q1 24 | $106.6M | $-7.5M |
自由现金流AOSHRI
| Q4 25 | $165.5M | $-14.3M | ||
| Q3 25 | $240.6M | $-11.1M | ||
| Q2 25 | $122.5M | $-8.5M | ||
| Q1 25 | $17.4M | $-6.8M | ||
| Q4 24 | $191.3M | $-8.1M | ||
| Q3 24 | $163.4M | $-9.8M | ||
| Q2 24 | $34.5M | $-9.9M | ||
| Q1 24 | $84.6M | $-8.6M |
自由现金流率AOSHRI
| Q4 25 | 18.1% | -47.6% | ||
| Q3 25 | 25.5% | -110.2% | ||
| Q2 25 | 12.1% | -135.5% | ||
| Q1 25 | 1.8% | -160.8% | ||
| Q4 24 | 21.0% | -197.1% | ||
| Q3 24 | 18.1% | -659.2% | ||
| Q2 24 | 3.4% | -1035.0% | ||
| Q1 24 | 8.6% | -1383.0% |
资本支出强度AOSHRI
| Q4 25 | 1.9% | 5.3% | ||
| Q3 25 | 1.6% | 1.7% | ||
| Q2 25 | 1.7% | 1.5% | ||
| Q1 25 | 2.2% | 4.0% | ||
| Q4 24 | 3.4% | 0.7% | ||
| Q3 24 | 3.6% | 45.6% | ||
| Q2 24 | 2.2% | 114.2% | ||
| Q1 24 | 2.2% | 190.1% |
现金转化率AOSHRI
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | — | ||
| 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% |
HRI
| Sales Of New Equipment | $9.0M | 30% |
| Sales Of Parts And Supplies | $8.0M | 27% |
| Other | $7.1M | 24% |
| Serviceand Other Revenue | $6.0M | 20% |
