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A.O.史密斯（AOS）与Intuitive Machines, Inc.（LUNR）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Intuitive Machines, Inc.的21.1倍（$912.5M vs $43.3M）。A.O.史密斯净利率更高（13.7% vs -92.1%，领先105.8%）。A.O.史密斯同比增速更快（0.0% vs -20.8%）。A.O.史密斯自由现金流更多（$165.5M vs $-22.9M）。过去两年A.O.史密斯的营收复合增速更高（-3.4% vs -23.1%）
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。
Intuitive Machines是一家总部位于美国得克萨斯州休斯敦的航天探索企业，由斯蒂芬·阿尔特穆斯、卡姆·加法里安和蒂姆·克莱因于2013年创立，主营业务为商业及政府部门提供月球探索相关服务，目前可提供月球表面运输与载荷投递、数据传输服务以及基础设施即服务，还持有NASA商业月球载荷服务项目下的三项合同。
AOS vs LUNR — 直观对比
营收规模更大
AOS
是对方的21.1倍
$43.3M
营收增速更快
AOS
高出20.8%
-20.8%
净利率更高
AOS
高出105.8%
-92.1%
自由现金流更多
AOS
多$188.4M
$-22.9M
两年增速更快
AOS
近两年复合增速
-23.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $43.3M |
| 净利润 | $125.4M | $-39.9M |
| 毛利率 | 38.4% | — |
| 营业利润率 | 17.9% | -76.4% |
| 净利率 | 13.7% | -92.1% |
| 营收同比 | 0.0% | -20.8% |
| 净利润同比 | 14.3% | 73.3% |
| 每股收益（稀释后） | $0.89 | $-0.34 |
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AOSLUNR
| Q4 25 | $912.5M | $43.3M | ||
| Q3 25 | $942.5M | $51.0M | ||
| Q2 25 | $1.0B | $50.3M | ||
| Q1 25 | $963.9M | $62.5M | ||
| Q4 24 | $912.4M | $54.7M | ||
| Q3 24 | $902.6M | $58.5M | ||
| Q2 24 | $1.0B | $41.6M | ||
| Q1 24 | $978.8M | $73.2M |
净利润AOSLUNR
| Q4 25 | $125.4M | $-39.9M | ||
| Q3 25 | $132.0M | $-6.8M | ||
| Q2 25 | $152.2M | $-25.2M | ||
| Q1 25 | $136.6M | $-11.4M | ||
| Q4 24 | $109.7M | $-149.2M | ||
| Q3 24 | $120.1M | $-55.4M | ||
| Q2 24 | $156.2M | $18.7M | ||
| Q1 24 | $147.6M | $-97.5M |
毛利率AOSLUNR
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | — | ||
| Q2 24 | 38.7% | — | ||
| Q1 24 | 39.3% | — |
营业利润率AOSLUNR
| Q4 25 | 17.9% | -76.4% | ||
| Q3 25 | 18.6% | -30.2% | ||
| Q2 25 | 20.4% | -56.9% | ||
| Q1 25 | 19.1% | -16.1% | ||
| Q4 24 | 10.1% | -24.5% | ||
| Q3 24 | 19.5% | -23.5% | ||
| Q2 24 | 21.9% | -66.0% | ||
| Q1 24 | 22.0% | -3.8% |
净利率AOSLUNR
| Q4 25 | 13.7% | -92.1% | ||
| Q3 25 | 14.0% | -13.4% | ||
| Q2 25 | 15.0% | -50.0% | ||
| Q1 25 | 14.2% | -18.2% | ||
| Q4 24 | 12.0% | -272.9% | ||
| Q3 24 | 13.3% | -94.7% | ||
| Q2 24 | 15.2% | 44.8% | ||
| Q1 24 | 15.1% | -133.1% |
每股收益（稀释后）AOSLUNR
| Q4 25 | $0.89 | $-0.34 | ||
| Q3 25 | $0.94 | $-0.06 | ||
| Q2 25 | $1.07 | $-0.22 | ||
| Q1 25 | $0.95 | $-0.11 | ||
| Q4 24 | $0.75 | $-1.42 | ||
| Q3 24 | $0.82 | $-0.83 | ||
| Q2 24 | $1.06 | $0.30 | ||
| Q1 24 | $1.00 | $-2.68 |
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 | $582.6M |
| 总债务越低越好 | $155.0M | $335.3M |
| 股东权益账面价值 | $1.9B | $-755.0M |
| 总资产 | $3.1B | $757.2M |
| 负债/权益比越低杠杆越低 | 0.08× | — |
8季度趋势，按日历期对齐
现金及短期投资AOSLUNR
| Q4 25 | $193.2M | $582.6M | ||
| Q3 25 | $172.8M | $622.0M | ||
| Q2 25 | $177.9M | $344.9M | ||
| Q1 25 | $200.2M | $373.3M | ||
| Q4 24 | $276.1M | $207.6M | ||
| Q3 24 | $255.6M | $89.6M | ||
| Q2 24 | $233.3M | $31.6M | ||
| Q1 24 | $303.1M | $55.2M |
总债务AOSLUNR
| Q4 25 | $155.0M | $335.3M | ||
| Q3 25 | — | $334.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSLUNR
| Q4 25 | $1.9B | $-755.0M | ||
| Q3 25 | $1.8B | $-404.2M | ||
| Q2 25 | $1.8B | $-381.2M | ||
| Q1 25 | $1.9B | $-136.9M | ||
| Q4 24 | $1.9B | $-1.0B | ||
| Q3 24 | $1.9B | $-496.8M | ||
| Q2 24 | $1.9B | $-235.0M | ||
| Q1 24 | $1.9B | $-493.6M |
总资产AOSLUNR
| Q4 25 | $3.1B | $757.2M | ||
| Q3 25 | $3.2B | $753.5M | ||
| Q2 25 | $3.2B | $475.6M | ||
| Q1 25 | $3.3B | $500.0M | ||
| Q4 24 | $3.2B | $355.4M | ||
| Q3 24 | $3.2B | $224.8M | ||
| Q2 24 | $3.2B | $140.1M | ||
| Q1 24 | $3.2B | $170.8M |
负债/权益比AOSLUNR
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-7.3M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $-22.9M |
| 自由现金流率自由现金流/营收 | 18.1% | -53.0% |
| 资本支出强度资本支出/营收 | 1.9% | 36.1% |
| 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 | $-56.0M |
8季度趋势，按日历期对齐
经营现金流AOSLUNR
| Q4 25 | $183.1M | $-7.3M | ||
| Q3 25 | $255.4M | $-7.2M | ||
| Q2 25 | $139.6M | $-19.3M | ||
| Q1 25 | $38.7M | $19.4M | ||
| Q4 24 | $221.9M | $-2.0M | ||
| Q3 24 | $195.9M | $-17.9M | ||
| Q2 24 | $57.4M | $-31.3M | ||
| Q1 24 | $106.6M | $-6.4M |
自由现金流AOSLUNR
| Q4 25 | $165.5M | $-22.9M | ||
| Q3 25 | $240.6M | $-19.0M | ||
| Q2 25 | $122.5M | $-27.3M | ||
| Q1 25 | $17.4M | $13.3M | ||
| Q4 24 | $191.3M | $-6.9M | ||
| Q3 24 | $163.4M | $-19.3M | ||
| Q2 24 | $34.5M | $-33.5M | ||
| Q1 24 | $84.6M | $-8.0M |
自由现金流率AOSLUNR
| Q4 25 | 18.1% | -53.0% | ||
| Q3 25 | 25.5% | -37.2% | ||
| Q2 25 | 12.1% | -54.3% | ||
| Q1 25 | 1.8% | 21.3% | ||
| Q4 24 | 21.0% | -12.6% | ||
| Q3 24 | 18.1% | -33.0% | ||
| Q2 24 | 3.4% | -80.4% | ||
| Q1 24 | 8.6% | -11.0% |
资本支出强度AOSLUNR
| Q4 25 | 1.9% | 36.1% | ||
| Q3 25 | 1.6% | 23.2% | ||
| Q2 25 | 1.7% | 16.0% | ||
| Q1 25 | 2.2% | 9.8% | ||
| Q4 24 | 3.4% | 9.0% | ||
| Q3 24 | 3.6% | 2.4% | ||
| Q2 24 | 2.2% | 5.3% | ||
| Q1 24 | 2.2% | 2.2% |
现金转化率AOSLUNR
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | -1.67× | ||
| Q1 24 | 0.72× | — |
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% |
LUNR
暂无分部数据
