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A.O.史密斯（AOS）与艺达思集团（IEX）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艺达思集团的1.0倍（$912.5M vs $899.1M），艺达思集团净利率更高（14.3% vs 13.7%，领先0.5%），艺达思集团同比增速更快（4.2% vs 0.0%），艺达思集团自由现金流更多（$189.8M vs $165.5M），过去两年艺达思集团的营收复合增速更高（6.0% 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。
艺达思集团是一家公开上市的工业制造企业，专注于流体系统与特种工程产品的研发和生产，产品广泛应用于工业制造、生命科学、食品安全等多个领域，可为全球各行业客户提供高性能定制化解决方案。
AOS vs IEX — 直观对比
营收规模更大
AOS
是对方的1.0倍
$899.1M
营收增速更快
IEX
高出4.2%
0.0%
净利率更高
IEX
高出0.5%
13.7%
自由现金流更多
IEX
多$24.3M
$165.5M
两年增速更快
IEX
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $899.1M |
| 净利润 | $125.4M | $128.3M |
| 毛利率 | 38.4% | 43.1% |
| 营业利润率 | 17.9% | 20.4% |
| 净利率 | 13.7% | 14.3% |
| 营收同比 | 0.0% | 4.2% |
| 净利润同比 | 14.3% | 4.1% |
| 每股收益（稀释后） | $0.89 | $1.71 |
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AOSIEX
| Q4 25 | $912.5M | $899.1M | ||
| Q3 25 | $942.5M | $878.7M | ||
| Q2 25 | $1.0B | $865.4M | ||
| Q1 25 | $963.9M | $814.3M | ||
| Q4 24 | $912.4M | $862.9M | ||
| Q3 24 | $902.6M | $798.2M | ||
| Q2 24 | $1.0B | $807.2M | ||
| Q1 24 | $978.8M | $800.5M |
净利润AOSIEX
| Q4 25 | $125.4M | $128.3M | ||
| Q3 25 | $132.0M | $127.8M | ||
| Q2 25 | $152.2M | $131.6M | ||
| Q1 25 | $136.6M | $95.5M | ||
| Q4 24 | $109.7M | $123.2M | ||
| Q3 24 | $120.1M | $119.1M | ||
| Q2 24 | $156.2M | $141.3M | ||
| Q1 24 | $147.6M | $121.4M |
毛利率AOSIEX
| Q4 25 | 38.4% | 43.1% | ||
| Q3 25 | 38.7% | 44.5% | ||
| Q2 25 | 39.3% | 45.3% | ||
| Q1 25 | 38.9% | 45.3% | ||
| Q4 24 | 37.1% | 42.5% | ||
| Q3 24 | 37.4% | 44.3% | ||
| Q2 24 | 38.7% | 45.4% | ||
| Q1 24 | 39.3% | 44.6% |
营业利润率AOSIEX
| Q4 25 | 17.9% | 20.4% | ||
| Q3 25 | 18.6% | 21.1% | ||
| Q2 25 | 20.4% | 21.7% | ||
| Q1 25 | 19.1% | 17.4% | ||
| Q4 24 | 10.1% | 19.2% | ||
| Q3 24 | 19.5% | 21.0% | ||
| Q2 24 | 21.9% | 22.6% | ||
| Q1 24 | 22.0% | 20.1% |
净利率AOSIEX
| Q4 25 | 13.7% | 14.3% | ||
| Q3 25 | 14.0% | 14.5% | ||
| Q2 25 | 15.0% | 15.2% | ||
| Q1 25 | 14.2% | 11.7% | ||
| Q4 24 | 12.0% | 14.3% | ||
| Q3 24 | 13.3% | 14.9% | ||
| Q2 24 | 15.2% | 17.5% | ||
| Q1 24 | 15.1% | 15.2% |
每股收益（稀释后）AOSIEX
| Q4 25 | $0.89 | $1.71 | ||
| Q3 25 | $0.94 | $1.70 | ||
| Q2 25 | $1.07 | $1.74 | ||
| Q1 25 | $0.95 | $1.26 | ||
| Q4 24 | $0.75 | $1.61 | ||
| Q3 24 | $0.82 | $1.57 | ||
| Q2 24 | $1.06 | $1.86 | ||
| Q1 24 | $1.00 | $1.60 |
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 | $580.0M |
| 总债务越低越好 | $155.0M | $1.8B |
| 股东权益账面价值 | $1.9B | $4.0B |
| 总资产 | $3.1B | $6.9B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资AOSIEX
| Q4 25 | $193.2M | $580.0M | ||
| Q3 25 | $172.8M | $593.8M | ||
| Q2 25 | $177.9M | $568.2M | ||
| Q1 25 | $200.2M | $594.1M | ||
| Q4 24 | $276.1M | $620.8M | ||
| Q3 24 | $255.6M | $633.2M | ||
| Q2 24 | $233.3M | $700.7M | ||
| Q1 24 | $303.1M | $616.3M |
总债务AOSIEX
| Q4 25 | $155.0M | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $193.2M | $2.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
股东权益AOSIEX
| Q4 25 | $1.9B | $4.0B | ||
| Q3 25 | $1.8B | $4.0B | ||
| Q2 25 | $1.8B | $4.0B | ||
| Q1 25 | $1.9B | $3.9B | ||
| Q4 24 | $1.9B | $3.8B | ||
| Q3 24 | $1.9B | $3.8B | ||
| Q2 24 | $1.9B | $3.7B | ||
| Q1 24 | $1.9B | $3.6B |
总资产AOSIEX
| Q4 25 | $3.1B | $6.9B | ||
| Q3 25 | $3.2B | $7.0B | ||
| Q2 25 | $3.2B | $6.9B | ||
| Q1 25 | $3.3B | $6.8B | ||
| Q4 24 | $3.2B | $6.7B | ||
| Q3 24 | $3.2B | $7.0B | ||
| Q2 24 | $3.2B | $5.9B | ||
| Q1 24 | $3.2B | $5.9B |
负债/权益比AOSIEX
| Q4 25 | 0.08× | 0.45× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | 0.10× | 0.52× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.37× |
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 | $209.5M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $189.8M |
| 自由现金流率自由现金流/营收 | 18.1% | 21.1% |
| 资本支出强度资本支出/营收 | 1.9% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.46× | 1.63× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $616.8M |
8季度趋势，按日历期对齐
经营现金流AOSIEX
| Q4 25 | $183.1M | $209.5M | ||
| Q3 25 | $255.4M | $203.5M | ||
| Q2 25 | $139.6M | $161.7M | ||
| Q1 25 | $38.7M | $105.7M | ||
| Q4 24 | $221.9M | $172.6M | ||
| Q3 24 | $195.9M | $205.3M | ||
| Q2 24 | $57.4M | $133.6M | ||
| Q1 24 | $106.6M | $156.6M |
自由现金流AOSIEX
| Q4 25 | $165.5M | $189.8M | ||
| Q3 25 | $240.6M | $188.7M | ||
| Q2 25 | $122.5M | $146.9M | ||
| Q1 25 | $17.4M | $91.4M | ||
| Q4 24 | $191.3M | $157.1M | ||
| Q3 24 | $163.4M | $191.6M | ||
| Q2 24 | $34.5M | $117.7M | ||
| Q1 24 | $84.6M | $136.6M |
自由现金流率AOSIEX
| Q4 25 | 18.1% | 21.1% | ||
| Q3 25 | 25.5% | 21.5% | ||
| Q2 25 | 12.1% | 17.0% | ||
| Q1 25 | 1.8% | 11.2% | ||
| Q4 24 | 21.0% | 18.2% | ||
| Q3 24 | 18.1% | 24.0% | ||
| Q2 24 | 3.4% | 14.6% | ||
| Q1 24 | 8.6% | 17.1% |
资本支出强度AOSIEX
| Q4 25 | 1.9% | 2.2% | ||
| Q3 25 | 1.6% | 1.7% | ||
| Q2 25 | 1.7% | 1.7% | ||
| Q1 25 | 2.2% | 1.8% | ||
| Q4 24 | 3.4% | 1.8% | ||
| Q3 24 | 3.6% | 1.7% | ||
| Q2 24 | 2.2% | 2.0% | ||
| Q1 24 | 2.2% | 2.5% |
现金转化率AOSIEX
| Q4 25 | 1.46× | 1.63× | ||
| Q3 25 | 1.93× | 1.59× | ||
| Q2 25 | 0.92× | 1.23× | ||
| Q1 25 | 0.28× | 1.11× | ||
| Q4 24 | 2.02× | 1.40× | ||
| Q3 24 | 1.63× | 1.72× | ||
| Q2 24 | 0.37× | 0.95× | ||
| Q1 24 | 0.72× | 1.29× |
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% |
IEX
| Fluid And Metering Technologies | $305.0M | 34% |
| Fireand Safety | $125.0M | 14% |
| Pumps | $105.7M | 12% |
| Water1 | $92.1M | 10% |
| Performance Pneumatic Technologies | $70.2M | 8% |
| Sealing Solutions | $64.0M | 7% |
| Energy | $47.9M | 5% |
| Material Processing Technologies | $37.2M | 4% |
| Dispensing | $33.5M | 4% |
| Valves | $22.7M | 3% |
