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A.O.史密斯（AOS）与海斯特耶鲁（HY）财务数据对比。点击上方公司名可切换其他公司
海斯特耶鲁的季度营收约是A.O.史密斯的1.0倍（$923.2M vs $912.5M）。A.O.史密斯净利率更高（13.7% vs -5.7%，领先19.4%）。A.O.史密斯同比增速更快（0.0% vs -13.5%）。A.O.史密斯自由现金流更多（$165.5M vs $32.9M）
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。
海斯特-耶鲁物料搬运公司通过其全资运营子公司海斯特-耶鲁集团，主要以海斯特与耶鲁品牌在全球范围设计研发、生产销售全系列叉车，并提供售后配件与相关服务。该公司2002年起就在NACCO工业集团内独立运营，最终于2012年从NACCO分拆独立。
AOS vs HY — 直观对比
营收规模更大
HY
是对方的1.0倍
$912.5M
营收增速更快
AOS
高出13.5%
-13.5%
净利率更高
AOS
高出19.4%
-5.7%
自由现金流更多
AOS
多$132.6M
$32.9M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $923.2M |
| 净利润 | $125.4M | $-52.5M |
| 毛利率 | 38.4% | 14.2% |
| 营业利润率 | 17.9% | -4.0% |
| 净利率 | 13.7% | -5.7% |
| 营收同比 | 0.0% | -13.5% |
| 净利润同比 | 14.3% | -609.7% |
| 每股收益（稀释后） | $0.89 | $-2.96 |
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AOSHY
| Q4 25 | $912.5M | $923.2M | ||
| Q3 25 | $942.5M | $0 | ||
| Q2 25 | $1.0B | $0 | ||
| Q1 25 | $963.9M | $0 | ||
| Q4 24 | $912.4M | $1.1B | ||
| Q3 24 | $902.6M | $0 | ||
| Q2 24 | $1.0B | $0 | ||
| Q1 24 | $978.8M | $0 |
净利润AOSHY
| Q4 25 | $125.4M | $-52.5M | ||
| Q3 25 | $132.0M | $-2.3M | ||
| Q2 25 | $152.2M | $-13.9M | ||
| Q1 25 | $136.6M | $8.6M | ||
| Q4 24 | $109.7M | $10.3M | ||
| Q3 24 | $120.1M | $17.2M | ||
| Q2 24 | $156.2M | $63.3M | ||
| Q1 24 | $147.6M | $51.5M |
毛利率AOSHY
| Q4 25 | 38.4% | 14.2% | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | 19.4% | ||
| Q3 24 | 37.4% | — | ||
| Q2 24 | 38.7% | — | ||
| Q1 24 | 39.3% | — |
营业利润率AOSHY
| Q4 25 | 17.9% | -4.0% | ||
| Q3 25 | 18.6% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 19.1% | — | ||
| Q4 24 | 10.1% | 3.0% | ||
| Q3 24 | 19.5% | — | ||
| Q2 24 | 21.9% | — | ||
| Q1 24 | 22.0% | — |
净利率AOSHY
| Q4 25 | 13.7% | -5.7% | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 14.2% | — | ||
| Q4 24 | 12.0% | 1.0% | ||
| Q3 24 | 13.3% | — | ||
| Q2 24 | 15.2% | — | ||
| Q1 24 | 15.1% | — |
每股收益（稀释后）AOSHY
| Q4 25 | $0.89 | $-2.96 | ||
| Q3 25 | $0.94 | $-0.13 | ||
| Q2 25 | $1.07 | $-0.79 | ||
| Q1 25 | $0.95 | $0.48 | ||
| Q4 24 | $0.75 | $0.56 | ||
| Q3 24 | $0.82 | $0.97 | ||
| Q2 24 | $1.06 | $3.58 | ||
| Q1 24 | $1.00 | $2.93 |
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 | — |
| 总债务越低越好 | $155.0M | $251.9M |
| 股东权益账面价值 | $1.9B | $472.0M |
| 总资产 | $3.1B | $2.0B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资AOSHY
| Q4 25 | $193.2M | — | ||
| Q3 25 | $172.8M | — | ||
| Q2 25 | $177.9M | — | ||
| Q1 25 | $200.2M | — | ||
| Q4 24 | $276.1M | — | ||
| Q3 24 | $255.6M | — | ||
| Q2 24 | $233.3M | — | ||
| Q1 24 | $303.1M | — |
总债务AOSHY
| Q4 25 | $155.0M | $251.9M | ||
| Q3 25 | — | $252.2M | ||
| Q2 25 | — | $245.2M | ||
| Q1 25 | — | $242.6M | ||
| Q4 24 | $193.2M | $241.9M | ||
| Q3 24 | — | $247.4M | ||
| Q2 24 | — | $248.5M | ||
| Q1 24 | — | $239.7M |
股东权益AOSHY
| Q4 25 | $1.9B | $472.0M | ||
| Q3 25 | $1.8B | $536.0M | ||
| Q2 25 | $1.8B | $544.7M | ||
| Q1 25 | $1.9B | $510.0M | ||
| Q4 24 | $1.9B | $475.1M | ||
| Q3 24 | $1.9B | $529.9M | ||
| Q2 24 | $1.9B | $465.7M | ||
| Q1 24 | $1.9B | $412.1M |
总资产AOSHY
| Q4 25 | $3.1B | $2.0B | ||
| Q3 25 | $3.2B | $2.1B | ||
| Q2 25 | $3.2B | $2.1B | ||
| Q1 25 | $3.3B | $2.1B | ||
| Q4 24 | $3.2B | $2.0B | ||
| Q3 24 | $3.2B | $2.2B | ||
| Q2 24 | $3.2B | $2.1B | ||
| Q1 24 | $3.2B | $2.1B |
负债/权益比AOSHY
| Q4 25 | 0.08× | 0.53× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | 0.10× | 0.51× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.58× |
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 | $56.5M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $32.9M |
| 自由现金流率自由现金流/营收 | 18.1% | 3.6% |
| 资本支出强度资本支出/营收 | 1.9% | 2.6% |
| 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 | $23.6M |
8季度趋势，按日历期对齐
经营现金流AOSHY
| Q4 25 | $183.1M | $56.5M | ||
| Q3 25 | $255.4M | $37.1M | ||
| Q2 25 | $139.6M | $28.9M | ||
| Q1 25 | $38.7M | $-36.4M | ||
| Q4 24 | $221.9M | $80.7M | ||
| Q3 24 | $195.9M | $70.1M | ||
| Q2 24 | $57.4M | $-2.5M | ||
| Q1 24 | $106.6M | $22.4M |
自由现金流AOSHY
| Q4 25 | $165.5M | $32.9M | ||
| Q3 25 | $240.6M | $22.6M | ||
| Q2 25 | $122.5M | $15.1M | ||
| Q1 25 | $17.4M | $-47.0M | ||
| Q4 24 | $191.3M | $62.8M | ||
| Q3 24 | $163.4M | $59.9M | ||
| Q2 24 | $34.5M | $-14.7M | ||
| Q1 24 | $84.6M | $14.9M |
自由现金流率AOSHY
| Q4 25 | 18.1% | 3.6% | ||
| Q3 25 | 25.5% | — | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 21.0% | 5.9% | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 8.6% | — |
资本支出强度AOSHY
| Q4 25 | 1.9% | 2.6% | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 3.4% | 1.7% | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 2.2% | — |
现金转化率AOSHY
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | -4.23× | ||
| Q4 24 | 2.02× | 7.83× | ||
| Q3 24 | 1.63× | 4.08× | ||
| Q2 24 | 0.37× | -0.04× | ||
| Q1 24 | 0.72× | 0.43× |
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% |
HY
| Sales Channel Through Intermediary | $281.7M | 31% |
| Aftermarketsales | $179.1M | 19% |
| Sales Channel Directly To Consumer | $173.6M | 19% |
| EMEAHY | $153.3M | 17% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $89.0M | 10% |
| Otherrevenue | $42.4M | 5% |
