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A.O.史密斯（AOS）与LINDSAY CORP（LNN）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LINDSAY CORP的6.1倍（$912.5M vs $150.7M）。A.O.史密斯净利率更高（13.7% vs 11.0%，领先2.8%）。A.O.史密斯同比增速更快（0.0% vs -6.1%）。A.O.史密斯自由现金流更多（$165.5M vs $-15.1M）。过去两年LINDSAY CORP的营收复合增速更高（1.3% 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。
林赛公司总部位于美国内布拉斯加州奥马哈市，原名林赛制造公司，核心产品为旗下Zimmatic品牌中心枢轴灌溉系统，此外还生产农业机械、工程机械，以及公路与铁路基础设施设备。
AOS vs LNN — 直观对比
营收规模更大
AOS
是对方的6.1倍
$150.7M
营收增速更快
AOS
高出6.2%
-6.1%
净利率更高
AOS
高出2.8%
11.0%
自由现金流更多
AOS
多$180.6M
$-15.1M
两年增速更快
LNN
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $150.7M |
| 净利润 | $125.4M | $16.5M |
| 毛利率 | 38.4% | 33.3% |
| 营业利润率 | 17.9% | 13.0% |
| 净利率 | 13.7% | 11.0% |
| 营收同比 | 0.0% | -6.1% |
| 净利润同比 | 14.3% | -3.7% |
| 每股收益（稀释后） | $0.89 | $1.54 |
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AOSLNN
| Q4 25 | $912.5M | $150.7M | ||
| Q3 25 | $942.5M | $149.0M | ||
| Q2 25 | $1.0B | $165.7M | ||
| Q1 25 | $963.9M | $183.8M | ||
| Q4 24 | $912.4M | $160.5M | ||
| Q3 24 | $902.6M | $149.4M | ||
| Q2 24 | $1.0B | $133.7M | ||
| Q1 24 | $978.8M | $146.8M |
净利润AOSLNN
| Q4 25 | $125.4M | $16.5M | ||
| Q3 25 | $132.0M | $10.8M | ||
| Q2 25 | $152.2M | $19.5M | ||
| Q1 25 | $136.6M | $26.6M | ||
| Q4 24 | $109.7M | $17.2M | ||
| Q3 24 | $120.1M | $12.7M | ||
| Q2 24 | $156.2M | $20.4M | ||
| Q1 24 | $147.6M | $18.1M |
毛利率AOSLNN
| Q4 25 | 38.4% | 33.3% | ||
| Q3 25 | 38.7% | 30.0% | ||
| Q2 25 | 39.3% | 32.4% | ||
| Q1 25 | 38.9% | 34.0% | ||
| Q4 24 | 37.1% | 31.1% | ||
| Q3 24 | 37.4% | 30.6% | ||
| Q2 24 | 38.7% | 34.8% | ||
| Q1 24 | 39.3% | 33.3% |
营业利润率AOSLNN
| Q4 25 | 17.9% | 13.0% | ||
| Q3 25 | 18.6% | 7.6% | ||
| Q2 25 | 20.4% | 14.4% | ||
| Q1 25 | 19.1% | 17.5% | ||
| Q4 24 | 10.1% | 13.0% | ||
| Q3 24 | 19.5% | 9.0% | ||
| Q2 24 | 21.9% | 14.9% | ||
| Q1 24 | 22.0% | 15.1% |
净利率AOSLNN
| Q4 25 | 13.7% | 11.0% | ||
| Q3 25 | 14.0% | 7.3% | ||
| Q2 25 | 15.0% | 11.8% | ||
| Q1 25 | 14.2% | 14.5% | ||
| Q4 24 | 12.0% | 10.7% | ||
| Q3 24 | 13.3% | 8.5% | ||
| Q2 24 | 15.2% | 15.2% | ||
| Q1 24 | 15.1% | 12.3% |
每股收益（稀释后）AOSLNN
| Q4 25 | $0.89 | $1.54 | ||
| Q3 25 | $0.94 | $0.99 | ||
| Q2 25 | $1.07 | $1.78 | ||
| Q1 25 | $0.95 | $2.44 | ||
| Q4 24 | $0.75 | $1.57 | ||
| Q3 24 | $0.82 | $1.16 | ||
| Q2 24 | $1.06 | $1.85 | ||
| Q1 24 | $1.00 | $1.64 |
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 | $199.6M |
| 总债务越低越好 | $155.0M | $115.2M |
| 股东权益账面价值 | $1.9B | $518.2M |
| 总资产 | $3.1B | $828.4M |
| 负债/权益比越低杠杆越低 | 0.08× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资AOSLNN
| Q4 25 | $193.2M | $199.6M | ||
| Q3 25 | $172.8M | $250.6M | ||
| Q2 25 | $177.9M | $210.8M | ||
| Q1 25 | $200.2M | $186.7M | ||
| Q4 24 | $276.1M | $194.1M | ||
| Q3 24 | $255.6M | $190.9M | ||
| Q2 24 | $233.3M | $152.7M | ||
| Q1 24 | $303.1M | $150.6M |
总债务AOSLNN
| Q4 25 | $155.0M | $115.2M | ||
| Q3 25 | — | $115.3M | ||
| Q2 25 | — | $115.3M | ||
| Q1 25 | — | $115.4M | ||
| Q4 24 | $193.2M | $115.4M | ||
| Q3 24 | — | $115.5M | ||
| Q2 24 | — | $115.5M | ||
| Q1 24 | — | $115.6M |
股东权益AOSLNN
| Q4 25 | $1.9B | $518.2M | ||
| Q3 25 | $1.8B | $532.9M | ||
| Q2 25 | $1.8B | $528.8M | ||
| Q1 25 | $1.9B | $516.4M | ||
| Q4 24 | $1.9B | $488.5M | ||
| Q3 24 | $1.9B | $480.9M | ||
| Q2 24 | $1.9B | $480.0M | ||
| Q1 24 | $1.9B | $483.0M |
总资产AOSLNN
| Q4 25 | $3.1B | $828.4M | ||
| Q3 25 | $3.2B | $840.8M | ||
| Q2 25 | $3.2B | $840.9M | ||
| Q1 25 | $3.3B | $814.2M | ||
| Q4 24 | $3.2B | $771.0M | ||
| Q3 24 | $3.2B | $760.2M | ||
| Q2 24 | $3.2B | $758.1M | ||
| Q1 24 | $3.2B | $765.3M |
负债/权益比AOSLNN
| Q4 25 | 0.08× | 0.22× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | 0.10× | 0.24× | ||
| Q3 24 | — | 0.24× | ||
| Q2 24 | — | 0.24× | ||
| Q1 24 | — | 0.24× |
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 | $-597.0K |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $-15.1M |
| 自由现金流率自由现金流/营收 | 18.1% | -10.0% |
| 资本支出强度资本支出/营收 | 1.9% | 9.6% |
| 现金转化率经营现金流/净利润 | 1.46× | -0.04× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $62.9M |
8季度趋势，按日历期对齐
经营现金流AOSLNN
| Q4 25 | $183.1M | $-597.0K | ||
| Q3 25 | $255.4M | $64.0M | ||
| Q2 25 | $139.6M | $35.0M | ||
| Q1 25 | $38.7M | $12.3M | ||
| Q4 24 | $221.9M | $21.6M | ||
| Q3 24 | $195.9M | $53.1M | ||
| Q2 24 | $57.4M | $30.5M | ||
| Q1 24 | $106.6M | $-9.7M |
自由现金流AOSLNN
| Q4 25 | $165.5M | $-15.1M | ||
| Q3 25 | $240.6M | $49.8M | ||
| Q2 25 | $122.5M | $25.7M | ||
| Q1 25 | $17.4M | $2.5M | ||
| Q4 24 | $191.3M | $12.5M | ||
| Q3 24 | $163.4M | $47.7M | ||
| Q2 24 | $34.5M | $25.8M | ||
| Q1 24 | $84.6M | $-21.6M |
自由现金流率AOSLNN
| Q4 25 | 18.1% | -10.0% | ||
| Q3 25 | 25.5% | 33.4% | ||
| Q2 25 | 12.1% | 15.5% | ||
| Q1 25 | 1.8% | 1.4% | ||
| Q4 24 | 21.0% | 7.8% | ||
| Q3 24 | 18.1% | 31.9% | ||
| Q2 24 | 3.4% | 19.3% | ||
| Q1 24 | 8.6% | -14.7% |
资本支出强度AOSLNN
| Q4 25 | 1.9% | 9.6% | ||
| Q3 25 | 1.6% | 9.6% | ||
| Q2 25 | 1.7% | 5.6% | ||
| Q1 25 | 2.2% | 5.3% | ||
| Q4 24 | 3.4% | 5.7% | ||
| Q3 24 | 3.6% | 3.6% | ||
| Q2 24 | 2.2% | 3.6% | ||
| Q1 24 | 2.2% | 8.1% |
现金转化率AOSLNN
| Q4 25 | 1.46× | -0.04× | ||
| Q3 25 | 1.93× | 5.92× | ||
| Q2 25 | 0.92× | 1.79× | ||
| Q1 25 | 0.28× | 0.46× | ||
| Q4 24 | 2.02× | 1.26× | ||
| Q3 24 | 1.63× | 4.17× | ||
| Q2 24 | 0.37× | 1.50× | ||
| Q1 24 | 0.72× | -0.54× |
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% |
LNN
| Transferred At Point In Time | $133.2M | 88% |
| Infrastructure | $13.4M | 9% |
| Transferred Over Time | $8.0M | 5% |
