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A.O.史密斯（AOS）与ITRON, INC.（ITRI）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ITRON, INC.的1.6倍（$912.5M vs $571.7M）。ITRON, INC.净利率更高（17.8% vs 13.7%，领先4.0%）。A.O.史密斯同比增速更快（0.0% vs -6.7%）。A.O.史密斯自由现金流更多（$165.5M vs $111.5M）。过去两年ITRON, INC.的营收复合增速更高（-2.7% 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。
Itron, Inc.是美国一家专注于能源与水资源管理的技术企业，总部位于华盛顿州自由湖。公司提供电、气、水及热能计量设备、控制技术、通信系统、配套软件，同时还提供托管运营及咨询服务，可对能源和水资源的消耗情况进行计量与深度分析，助力相关领域的资源高效管理。
AOS vs ITRI — 直观对比
营收规模更大
AOS
是对方的1.6倍
$571.7M
营收增速更快
AOS
高出6.7%
-6.7%
净利率更高
ITRI
高出4.0%
13.7%
自由现金流更多
AOS
多$54.0M
$111.5M
两年增速更快
ITRI
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $571.7M |
| 净利润 | $125.4M | $101.6M |
| 毛利率 | 38.4% | 40.5% |
| 营业利润率 | 17.9% | 13.8% |
| 净利率 | 13.7% | 17.8% |
| 营收同比 | 0.0% | -6.7% |
| 净利润同比 | 14.3% | 74.9% |
| 每股收益（稀释后） | $0.89 | $2.20 |
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AOSITRI
| Q4 25 | $912.5M | $571.7M | ||
| Q3 25 | $942.5M | $581.6M | ||
| Q2 25 | $1.0B | $606.8M | ||
| Q1 25 | $963.9M | $607.2M | ||
| Q4 24 | $912.4M | $612.9M | ||
| Q3 24 | $902.6M | $615.5M | ||
| Q2 24 | $1.0B | $609.1M | ||
| Q1 24 | $978.8M | $603.4M |
净利润AOSITRI
| Q4 25 | $125.4M | $101.6M | ||
| Q3 25 | $132.0M | $65.6M | ||
| Q2 25 | $152.2M | $68.3M | ||
| Q1 25 | $136.6M | $65.5M | ||
| Q4 24 | $109.7M | $58.1M | ||
| Q3 24 | $120.1M | $78.0M | ||
| Q2 24 | $156.2M | $51.3M | ||
| Q1 24 | $147.6M | $51.7M |
毛利率AOSITRI
| Q4 25 | 38.4% | 40.5% | ||
| Q3 25 | 38.7% | 37.7% | ||
| Q2 25 | 39.3% | 36.9% | ||
| Q1 25 | 38.9% | 35.8% | ||
| Q4 24 | 37.1% | 34.9% | ||
| Q3 24 | 37.4% | 34.1% | ||
| Q2 24 | 38.7% | 34.6% | ||
| Q1 24 | 39.3% | 34.0% |
营业利润率AOSITRI
| Q4 25 | 17.9% | 13.8% | ||
| Q3 25 | 18.6% | 14.1% | ||
| Q2 25 | 20.4% | 12.6% | ||
| Q1 25 | 19.1% | 12.6% | ||
| Q4 24 | 10.1% | 10.2% | ||
| Q3 24 | 19.5% | 12.0% | ||
| Q2 24 | 21.9% | 10.6% | ||
| Q1 24 | 22.0% | 10.4% |
净利率AOSITRI
| Q4 25 | 13.7% | 17.8% | ||
| Q3 25 | 14.0% | 11.3% | ||
| Q2 25 | 15.0% | 11.3% | ||
| Q1 25 | 14.2% | 10.8% | ||
| Q4 24 | 12.0% | 9.5% | ||
| Q3 24 | 13.3% | 12.7% | ||
| Q2 24 | 15.2% | 8.4% | ||
| Q1 24 | 15.1% | 8.6% |
每股收益（稀释后）AOSITRI
| Q4 25 | $0.89 | $2.20 | ||
| Q3 25 | $0.94 | $1.41 | ||
| Q2 25 | $1.07 | $1.47 | ||
| Q1 25 | $0.95 | $1.42 | ||
| Q4 24 | $0.75 | $1.26 | ||
| Q3 24 | $0.82 | $1.70 | ||
| Q2 24 | $1.06 | $1.10 | ||
| Q1 24 | $1.00 | $1.12 |
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 | $1.0B |
| 总债务越低越好 | $155.0M | $1.3B |
| 股东权益账面价值 | $1.9B | $1.7B |
| 总资产 | $3.1B | $3.7B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资AOSITRI
| Q4 25 | $193.2M | $1.0B | ||
| Q3 25 | $172.8M | $1.3B | ||
| Q2 25 | $177.9M | $1.2B | ||
| Q1 25 | $200.2M | $1.1B | ||
| Q4 24 | $276.1M | $1.1B | ||
| Q3 24 | $255.6M | $982.5M | ||
| Q2 24 | $233.3M | $920.6M | ||
| Q1 24 | $303.1M | $300.6M |
总债务AOSITRI
| Q4 25 | $155.0M | $1.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $460.0M |
股东权益AOSITRI
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.8B | $1.6B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $1.9B | $1.3B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.9B | $1.4B |
总资产AOSITRI
| Q4 25 | $3.1B | $3.7B | ||
| Q3 25 | $3.2B | $3.7B | ||
| Q2 25 | $3.2B | $3.6B | ||
| Q1 25 | $3.3B | $3.5B | ||
| Q4 24 | $3.2B | $3.4B | ||
| Q3 24 | $3.2B | $3.4B | ||
| Q2 24 | $3.2B | $3.3B | ||
| Q1 24 | $3.2B | $2.7B |
负债/权益比AOSITRI
| Q4 25 | 0.08× | 0.74× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | 0.91× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 1.02× | ||
| Q1 24 | — | 0.34× |
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 | $119.3M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $111.5M |
| 自由现金流率自由现金流/营收 | 18.1% | 19.5% |
| 资本支出强度资本支出/营收 | 1.9% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.46× | 1.17× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $383.1M |
8季度趋势，按日历期对齐
经营现金流AOSITRI
| Q4 25 | $183.1M | $119.3M | ||
| Q3 25 | $255.4M | $117.8M | ||
| Q2 25 | $139.6M | $96.7M | ||
| Q1 25 | $38.7M | $72.1M | ||
| Q4 24 | $221.9M | $79.8M | ||
| Q3 24 | $195.9M | $65.3M | ||
| Q2 24 | $57.4M | $51.7M | ||
| Q1 24 | $106.6M | $41.3M |
自由现金流AOSITRI
| Q4 25 | $165.5M | $111.5M | ||
| Q3 25 | $240.6M | $113.4M | ||
| Q2 25 | $122.5M | $90.7M | ||
| Q1 25 | $17.4M | $67.5M | ||
| Q4 24 | $191.3M | $70.2M | ||
| Q3 24 | $163.4M | $58.7M | ||
| Q2 24 | $34.5M | $44.6M | ||
| Q1 24 | $84.6M | $34.2M |
自由现金流率AOSITRI
| Q4 25 | 18.1% | 19.5% | ||
| Q3 25 | 25.5% | 19.5% | ||
| Q2 25 | 12.1% | 14.9% | ||
| Q1 25 | 1.8% | 11.1% | ||
| Q4 24 | 21.0% | 11.4% | ||
| Q3 24 | 18.1% | 9.5% | ||
| Q2 24 | 3.4% | 7.3% | ||
| Q1 24 | 8.6% | 5.7% |
资本支出强度AOSITRI
| Q4 25 | 1.9% | 1.4% | ||
| Q3 25 | 1.6% | 0.8% | ||
| Q2 25 | 1.7% | 1.0% | ||
| Q1 25 | 2.2% | 0.8% | ||
| Q4 24 | 3.4% | 1.6% | ||
| Q3 24 | 3.6% | 1.1% | ||
| Q2 24 | 2.2% | 1.2% | ||
| Q1 24 | 2.2% | 1.2% |
现金转化率AOSITRI
| Q4 25 | 1.46× | 1.17× | ||
| Q3 25 | 1.93× | 1.80× | ||
| Q2 25 | 0.92× | 1.41× | ||
| Q1 25 | 0.28× | 1.10× | ||
| Q4 24 | 2.02× | 1.37× | ||
| Q3 24 | 1.63× | 0.84× | ||
| Q2 24 | 0.37× | 1.01× | ||
| Q1 24 | 0.72× | 0.80× |
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% |
ITRI
| Networked Solutions Segment | $352.0M | 62% |
| Outcomes Segment | $111.8M | 20% |
| Device Solutions | $104.8M | 18% |
