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A.O.史密斯（AOS）与LOUISIANA-PACIFIC CORP（LPX）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LOUISIANA-PACIFIC CORP的1.7倍（$945.6M vs $566.0M），A.O.史密斯净利率更高（12.5% vs -1.4%，领先13.9%），A.O.史密斯同比增速更快（-2.0% vs -16.9%），A.O.史密斯自由现金流更多（$118.9M vs $-8.0M），过去两年A.O.史密斯的营收复合增速更高（-3.9% vs -11.6%）
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。
路易斯安那-太平洋公司（简称LP）是美国知名建材制造商，成立于1973年，是美国定向结构刨花板（OSB）生产的开创者，总部现位于田纳西州纳什维尔。作为全球最大的OSB生产商，公司还生产工程木建材产品，通过建材分销商、经销商及家居零售中心向建筑商和业主供货。
AOS vs LPX — 直观对比
营收规模更大
AOS
是对方的1.7倍
$566.0M
营收增速更快
AOS
高出14.9%
-16.9%
净利率更高
AOS
高出13.9%
-1.4%
自由现金流更多
AOS
多$126.9M
$-8.0M
两年增速更快
AOS
近两年复合增速
-11.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $566.0M |
| 净利润 | $118.0M | $-8.0M |
| 毛利率 | 38.7% | 15.0% |
| 营业利润率 | — | -1.6% |
| 净利率 | 12.5% | -1.4% |
| 营收同比 | -2.0% | -16.9% |
| 净利润同比 | -14.0% | -112.9% |
| 每股收益（稀释后） | $0.85 | $-0.12 |
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AOSLPX
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | $566.0M | ||
| Q3 25 | $942.5M | $663.0M | ||
| Q2 25 | $1.0B | $755.0M | ||
| Q1 25 | $963.9M | $724.0M | ||
| Q4 24 | $912.4M | $681.0M | ||
| Q3 24 | $902.6M | $722.0M | ||
| Q2 24 | $1.0B | $814.0M |
净利润AOSLPX
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | $-8.0M | ||
| Q3 25 | $132.0M | $9.0M | ||
| Q2 25 | $152.2M | $54.0M | ||
| Q1 25 | $136.6M | $91.0M | ||
| Q4 24 | $109.7M | $62.0M | ||
| Q3 24 | $120.1M | $90.0M | ||
| Q2 24 | $156.2M | $160.0M |
毛利率AOSLPX
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | 15.0% | ||
| Q3 25 | 38.7% | 19.5% | ||
| Q2 25 | 39.3% | 23.6% | ||
| Q1 25 | 38.9% | 27.2% | ||
| Q4 24 | 37.1% | 23.8% | ||
| Q3 24 | 37.4% | 26.7% | ||
| Q2 24 | 38.7% | 32.3% |
营业利润率AOSLPX
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | -1.6% | ||
| Q3 25 | 18.6% | 2.7% | ||
| Q2 25 | 20.4% | 10.6% | ||
| Q1 25 | 19.1% | 16.6% | ||
| Q4 24 | 10.1% | 11.0% | ||
| Q3 24 | 19.5% | 16.1% | ||
| Q2 24 | 21.9% | 23.8% |
净利率AOSLPX
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | -1.4% | ||
| Q3 25 | 14.0% | 1.4% | ||
| Q2 25 | 15.0% | 7.2% | ||
| Q1 25 | 14.2% | 12.6% | ||
| Q4 24 | 12.0% | 9.1% | ||
| Q3 24 | 13.3% | 12.5% | ||
| Q2 24 | 15.2% | 19.7% |
每股收益（稀释后）AOSLPX
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | $-0.12 | ||
| Q3 25 | $0.94 | $0.13 | ||
| Q2 25 | $1.07 | $0.77 | ||
| Q1 25 | $0.95 | $1.30 | ||
| Q4 24 | $0.75 | $0.90 | ||
| Q3 24 | $0.82 | $1.28 | ||
| Q2 24 | $1.06 | $2.23 |
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 | $185.2M | $292.0M |
| 总债务越低越好 | $574.2M | $348.0M |
| 股东权益账面价值 | $1.9B | $1.7B |
| 总资产 | $3.7B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.31× | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资AOSLPX
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $292.0M | ||
| Q3 25 | $172.8M | $316.0M | ||
| Q2 25 | $177.9M | $333.0M | ||
| Q1 25 | $200.2M | $256.0M | ||
| Q4 24 | $276.1M | $340.0M | ||
| Q3 24 | $255.6M | $346.0M | ||
| Q2 24 | $233.3M | $317.0M |
总债务AOSLPX
| Q1 26 | $574.2M | — | ||
| Q4 25 | $155.0M | $348.0M | ||
| Q3 25 | — | $348.0M | ||
| Q2 25 | — | $348.0M | ||
| Q1 25 | — | $348.0M | ||
| Q4 24 | $193.2M | $348.0M | ||
| Q3 24 | — | $347.0M | ||
| Q2 24 | — | $347.0M |
股东权益AOSLPX
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.9B | $1.7B | ||
| Q2 24 | $1.9B | $1.7B |
总资产AOSLPX
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $2.6B | ||
| Q3 25 | $3.2B | $2.6B | ||
| Q2 25 | $3.2B | $2.7B | ||
| Q1 25 | $3.3B | $2.6B | ||
| Q4 24 | $3.2B | $2.6B | ||
| Q3 24 | $3.2B | $2.6B | ||
| Q2 24 | $3.2B | $2.5B |
负债/权益比AOSLPX
| Q1 26 | 0.31× | — | ||
| Q4 25 | 0.08× | 0.20× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | 0.10× | 0.21× | ||
| Q3 24 | — | 0.21× | ||
| Q2 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 | — | $67.0M |
| 自由现金流经营现金流 - 资本支出 | $118.9M | $-8.0M |
| 自由现金流率自由现金流/营收 | 12.6% | -1.4% |
| 资本支出强度资本支出/营收 | 1.1% | 13.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $647.5M | $91.0M |
8季度趋势，按日历期对齐
经营现金流AOSLPX
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $67.0M | ||
| Q3 25 | $255.4M | $89.0M | ||
| Q2 25 | $139.6M | $162.0M | ||
| Q1 25 | $38.7M | $64.0M | ||
| Q4 24 | $221.9M | $105.0M | ||
| Q3 24 | $195.9M | $183.0M | ||
| Q2 24 | $57.4M | $212.0M |
自由现金流AOSLPX
| Q1 26 | $118.9M | — | ||
| Q4 25 | $165.5M | $-8.0M | ||
| Q3 25 | $240.6M | $5.0M | ||
| Q2 25 | $122.5M | $94.0M | ||
| Q1 25 | $17.4M | $0 | ||
| Q4 24 | $191.3M | $43.0M | ||
| Q3 24 | $163.4M | $139.0M | ||
| Q2 24 | $34.5M | $176.0M |
自由现金流率AOSLPX
| Q1 26 | 12.6% | — | ||
| Q4 25 | 18.1% | -1.4% | ||
| Q3 25 | 25.5% | 0.8% | ||
| Q2 25 | 12.1% | 12.5% | ||
| Q1 25 | 1.8% | 0.0% | ||
| Q4 24 | 21.0% | 6.3% | ||
| Q3 24 | 18.1% | 19.3% | ||
| Q2 24 | 3.4% | 21.6% |
资本支出强度AOSLPX
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 13.3% | ||
| Q3 25 | 1.6% | 12.7% | ||
| Q2 25 | 1.7% | 9.0% | ||
| Q1 25 | 2.2% | 8.8% | ||
| Q4 24 | 3.4% | 9.1% | ||
| Q3 24 | 3.6% | 6.1% | ||
| Q2 24 | 2.2% | 4.4% |
现金转化率AOSLPX
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | 9.89× | ||
| Q2 25 | 0.92× | 3.00× | ||
| Q1 25 | 0.28× | 0.70× | ||
| Q4 24 | 2.02× | 1.69× | ||
| Q3 24 | 1.63× | 2.03× | ||
| Q2 24 | 0.37× | 1.32× |
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
暂无分部数据
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
