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A.O.史密斯（AOS）与Hub Group, Inc.（HUBG）财务数据对比。点击上方公司名可切换其他公司
Hub Group, Inc.的季度营收约是A.O.史密斯的1.0倍（$934.5M vs $912.5M）。A.O.史密斯净利率更高（13.7% vs 3.1%，领先10.7%）。A.O.史密斯同比增速更快（0.0% vs -5.3%）。A.O.史密斯自由现金流更多（$165.5M vs $19.4M）。过去两年Hub Group, Inc.的营收复合增速更高（-2.6% 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。
Hub Group是北美知名的运输与物流管理企业，1971年由菲利普·耶格尔创立，1996年上市，总部位于伊利诺伊州奥克布鲁克，目前由创始人之孙菲利普·D·耶格尔运营，年营收超50亿美元，为客户提供专业的供应链及物流解决方案。
AOS vs HUBG — 直观对比
营收规模更大
HUBG
是对方的1.0倍
$912.5M
营收增速更快
AOS
高出5.3%
-5.3%
净利率更高
AOS
高出10.7%
3.1%
自由现金流更多
AOS
多$146.1M
$19.4M
两年增速更快
HUBG
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $934.5M |
| 净利润 | $125.4M | $28.6M |
| 毛利率 | 38.4% | — |
| 营业利润率 | 17.9% | 4.2% |
| 净利率 | 13.7% | 3.1% |
| 营收同比 | 0.0% | -5.3% |
| 净利润同比 | 14.3% | 21.0% |
| 每股收益（稀释后） | $0.89 | $0.47 |
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AOSHUBG
| Q4 25 | $912.5M | — | ||
| Q3 25 | $942.5M | $934.5M | ||
| Q2 25 | $1.0B | $905.6M | ||
| Q1 25 | $963.9M | $915.2M | ||
| Q4 24 | $912.4M | $973.5M | ||
| Q3 24 | $902.6M | $986.9M | ||
| Q2 24 | $1.0B | $986.5M | ||
| Q1 24 | $978.8M | $999.5M |
净利润AOSHUBG
| Q4 25 | $125.4M | — | ||
| Q3 25 | $132.0M | $28.6M | ||
| Q2 25 | $152.2M | $25.2M | ||
| Q1 25 | $136.6M | $26.8M | ||
| Q4 24 | $109.7M | $24.3M | ||
| Q3 24 | $120.1M | $23.6M | ||
| Q2 24 | $156.2M | $29.0M | ||
| Q1 24 | $147.6M | $27.1M |
毛利率AOSHUBG
| 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AOSHUBG
| Q4 25 | 17.9% | — | ||
| Q3 25 | 18.6% | 4.2% | ||
| Q2 25 | 20.4% | 3.8% | ||
| Q1 25 | 19.1% | 4.1% | ||
| Q4 24 | 10.1% | 3.2% | ||
| Q3 24 | 19.5% | 3.3% | ||
| Q2 24 | 21.9% | 4.0% | ||
| Q1 24 | 22.0% | 3.7% |
净利率AOSHUBG
| Q4 25 | 13.7% | — | ||
| Q3 25 | 14.0% | 3.1% | ||
| Q2 25 | 15.0% | 2.8% | ||
| Q1 25 | 14.2% | 2.9% | ||
| Q4 24 | 12.0% | 2.5% | ||
| Q3 24 | 13.3% | 2.4% | ||
| Q2 24 | 15.2% | 2.9% | ||
| Q1 24 | 15.1% | 2.7% |
每股收益（稀释后）AOSHUBG
| Q4 25 | $0.89 | — | ||
| Q3 25 | $0.94 | $0.47 | ||
| Q2 25 | $1.07 | $0.42 | ||
| Q1 25 | $0.95 | $0.44 | ||
| Q4 24 | $0.75 | $0.40 | ||
| Q3 24 | $0.82 | $0.39 | ||
| Q2 24 | $1.06 | $0.47 | ||
| Q1 24 | $1.00 | $0.44 |
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 | $119.7M |
| 总债务越低越好 | $155.0M | $255.0M |
| 股东权益账面价值 | $1.9B | $1.7B |
| 总资产 | $3.1B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资AOSHUBG
| Q4 25 | $193.2M | — | ||
| Q3 25 | $172.8M | $119.7M | ||
| Q2 25 | $177.9M | $137.0M | ||
| Q1 25 | $200.2M | $112.7M | ||
| Q4 24 | $276.1M | $98.2M | ||
| Q3 24 | $255.6M | $186.1M | ||
| Q2 24 | $233.3M | $220.2M | ||
| Q1 24 | $303.1M | $195.4M |
总债务AOSHUBG
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | $255.0M | ||
| Q2 25 | — | $231.9M | ||
| Q1 25 | — | $252.1M | ||
| Q4 24 | $193.2M | $264.4M | ||
| Q3 24 | — | $287.1M | ||
| Q2 24 | — | $313.1M | ||
| Q1 24 | — | $334.8M |
股东权益AOSHUBG
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.9B | $1.6B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $1.9B | $1.6B | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | $1.9B | $1.6B |
总资产AOSHUBG
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.2B | $2.9B | ||
| Q2 25 | $3.2B | $2.8B | ||
| Q1 25 | $3.3B | $2.8B | ||
| Q4 24 | $3.2B | $2.9B | ||
| Q3 24 | $3.2B | $2.8B | ||
| Q2 24 | $3.2B | $2.9B | ||
| Q1 24 | $3.2B | $2.9B |
负债/权益比AOSHUBG
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | 0.10× | 0.16× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.21× |
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 | $28.1M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $19.4M |
| 自由现金流率自由现金流/营收 | 18.1% | 2.1% |
| 资本支出强度资本支出/营收 | 1.9% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.46× | 0.98× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $113.4M |
8季度趋势，按日历期对齐
经营现金流AOSHUBG
| Q4 25 | $183.1M | — | ||
| Q3 25 | $255.4M | $28.1M | ||
| Q2 25 | $139.6M | $61.5M | ||
| Q1 25 | $38.7M | $70.0M | ||
| Q4 24 | $221.9M | $604.0K | ||
| Q3 24 | $195.9M | $43.4M | ||
| Q2 24 | $57.4M | $69.9M | ||
| Q1 24 | $106.6M | $80.5M |
自由现金流AOSHUBG
| Q4 25 | $165.5M | — | ||
| Q3 25 | $240.6M | $19.4M | ||
| Q2 25 | $122.5M | $50.2M | ||
| Q1 25 | $17.4M | $50.8M | ||
| Q4 24 | $191.3M | $-7.0M | ||
| Q3 24 | $163.4M | $31.4M | ||
| Q2 24 | $34.5M | $56.2M | ||
| Q1 24 | $84.6M | $63.0M |
自由现金流率AOSHUBG
| Q4 25 | 18.1% | — | ||
| Q3 25 | 25.5% | 2.1% | ||
| Q2 25 | 12.1% | 5.5% | ||
| Q1 25 | 1.8% | 5.6% | ||
| Q4 24 | 21.0% | -0.7% | ||
| Q3 24 | 18.1% | 3.2% | ||
| Q2 24 | 3.4% | 5.7% | ||
| Q1 24 | 8.6% | 6.3% |
资本支出强度AOSHUBG
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.6% | 0.9% | ||
| Q2 25 | 1.7% | 1.2% | ||
| Q1 25 | 2.2% | 2.1% | ||
| Q4 24 | 3.4% | 0.8% | ||
| Q3 24 | 3.6% | 1.2% | ||
| Q2 24 | 2.2% | 1.4% | ||
| Q1 24 | 2.2% | 1.8% |
现金转化率AOSHUBG
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | 0.98× | ||
| Q2 25 | 0.92× | 2.44× | ||
| Q1 25 | 0.28× | 2.61× | ||
| Q4 24 | 2.02× | 0.02× | ||
| Q3 24 | 1.63× | 1.84× | ||
| Q2 24 | 0.37× | 2.41× | ||
| Q1 24 | 0.72× | 2.98× |
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% |
HUBG
| Intermodal | $561.5M | 60% |
| Other | $343.6M | 37% |
| Inter Segment | $29.4M | 3% |
