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A.O.史密斯（AOS）与LiveWire Group, Inc.（LVWR）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LiveWire Group, Inc.的80.4倍（$912.5M vs $11.4M）。A.O.史密斯净利率更高（13.7% vs -155.2%，领先168.9%）。LiveWire Group, Inc.同比增速更快（5.5% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $-8.9M）。过去两年LiveWire Group, Inc.的营收复合增速更高（51.0% 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。
LiveWire集团是美国的电动摩托车制造商，该品牌最初于2021年7月作为哈雷戴维森旗下专属电动出行部门推出，2022年9月27日通过与特殊目的收购公司合并完成分拆，从母公司独立后上市，是美国第一家上市的电动摩托车企业。
AOS vs LVWR — 直观对比
营收规模更大
AOS
是对方的80.4倍
$11.4M
营收增速更快
LVWR
高出5.5%
0.0%
净利率更高
AOS
高出168.9%
-155.2%
自由现金流更多
AOS
多$174.4M
$-8.9M
两年增速更快
LVWR
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $11.4M |
| 净利润 | $125.4M | $-17.6M |
| 毛利率 | 38.4% | 0.8% |
| 营业利润率 | 17.9% | -156.2% |
| 净利率 | 13.7% | -155.2% |
| 营收同比 | 0.0% | 5.5% |
| 净利润同比 | 14.3% | 22.6% |
| 每股收益（稀释后） | $0.89 | $-0.09 |
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AOSLVWR
| Q4 25 | $912.5M | $11.4M | ||
| Q3 25 | $942.5M | $5.7M | ||
| Q2 25 | $1.0B | $5.9M | ||
| Q1 25 | $963.9M | $2.7M | ||
| Q4 24 | $912.4M | $10.8M | ||
| Q3 24 | $902.6M | $4.4M | ||
| Q2 24 | $1.0B | $6.4M | ||
| Q1 24 | $978.8M | $5.0M |
净利润AOSLVWR
| Q4 25 | $125.4M | $-17.6M | ||
| Q3 25 | $132.0M | $-19.4M | ||
| Q2 25 | $152.2M | $-18.8M | ||
| Q1 25 | $136.6M | $-19.3M | ||
| Q4 24 | $109.7M | $-22.8M | ||
| Q3 24 | $120.1M | $-22.7M | ||
| Q2 24 | $156.2M | $-24.8M | ||
| Q1 24 | $147.6M | $-23.6M |
毛利率AOSLVWR
| Q4 25 | 38.4% | 0.8% | ||
| Q3 25 | 38.7% | -50.9% | ||
| Q2 25 | 39.3% | 9.3% | ||
| Q1 25 | 38.9% | -79.0% | ||
| Q4 24 | 37.1% | -49.8% | ||
| Q3 24 | 37.4% | -34.2% | ||
| Q2 24 | 38.7% | -27.6% | ||
| Q1 24 | 39.3% | -82.9% |
营业利润率AOSLVWR
| Q4 25 | 17.9% | -156.2% | ||
| Q3 25 | 18.6% | -330.0% | ||
| Q2 25 | 20.4% | -311.0% | ||
| Q1 25 | 19.1% | -753.4% | ||
| Q4 24 | 10.1% | -234.6% | ||
| Q3 24 | 19.5% | -596.7% | ||
| Q2 24 | 21.9% | -436.7% | ||
| Q1 24 | 22.0% | -611.1% |
净利率AOSLVWR
| Q4 25 | 13.7% | -155.2% | ||
| Q3 25 | 14.0% | -340.2% | ||
| Q2 25 | 15.0% | -320.6% | ||
| Q1 25 | 14.2% | -702.6% | ||
| Q4 24 | 12.0% | -211.7% | ||
| Q3 24 | 13.3% | -510.6% | ||
| Q2 24 | 15.2% | -384.6% | ||
| Q1 24 | 15.1% | -475.0% |
每股收益（稀释后）AOSLVWR
| Q4 25 | $0.89 | $-0.09 | ||
| Q3 25 | $0.94 | $-0.10 | ||
| Q2 25 | $1.07 | $-0.09 | ||
| Q1 25 | $0.95 | $-0.09 | ||
| Q4 24 | $0.75 | $-0.11 | ||
| Q3 24 | $0.82 | $-0.11 | ||
| Q2 24 | $1.06 | $-0.12 | ||
| Q1 24 | $1.00 | $-0.12 |
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 | $82.8M |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $46.0M |
| 总资产 | $3.1B | $146.4M |
| 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AOSLVWR
| Q4 25 | $193.2M | $82.8M | ||
| Q3 25 | $172.8M | $16.3M | ||
| Q2 25 | $177.9M | $29.3M | ||
| Q1 25 | $200.2M | $46.2M | ||
| Q4 24 | $276.1M | $64.4M | ||
| Q3 24 | $255.6M | $88.4M | ||
| Q2 24 | $233.3M | $113.0M | ||
| Q1 24 | $303.1M | $141.0M |
总债务AOSLVWR
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSLVWR
| Q4 25 | $1.9B | $46.0M | ||
| Q3 25 | $1.8B | $61.8M | ||
| Q2 25 | $1.8B | $79.7M | ||
| Q1 25 | $1.9B | $97.2M | ||
| Q4 24 | $1.9B | $115.1M | ||
| Q3 24 | $1.9B | $137.7M | ||
| Q2 24 | $1.9B | $159.0M | ||
| Q1 24 | $1.9B | $183.8M |
总资产AOSLVWR
| Q4 25 | $3.1B | $146.4M | ||
| Q3 25 | $3.2B | $89.2M | ||
| Q2 25 | $3.2B | $109.8M | ||
| Q1 25 | $3.3B | $128.3M | ||
| Q4 24 | $3.2B | $148.0M | ||
| Q3 24 | $3.2B | $178.3M | ||
| Q2 24 | $3.2B | $204.9M | ||
| Q1 24 | $3.2B | $237.1M |
负债/权益比AOSLVWR
| 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 | $-7.9M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $-8.9M |
| 自由现金流率自由现金流/营收 | 18.1% | -78.7% |
| 资本支出强度资本支出/营收 | 1.9% | 9.1% |
| 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 | $-57.4M |
8季度趋势，按日历期对齐
经营现金流AOSLVWR
| Q4 25 | $183.1M | $-7.9M | ||
| Q3 25 | $255.4M | $-13.3M | ||
| Q2 25 | $139.6M | $-14.9M | ||
| Q1 25 | $38.7M | $-17.5M | ||
| Q4 24 | $221.9M | $-21.9M | ||
| Q3 24 | $195.9M | $-23.1M | ||
| Q2 24 | $57.4M | $-26.0M | ||
| Q1 24 | $106.6M | $-22.9M |
自由现金流AOSLVWR
| Q4 25 | $165.5M | $-8.9M | ||
| Q3 25 | $240.6M | $-14.0M | ||
| Q2 25 | $122.5M | $-16.3M | ||
| Q1 25 | $17.4M | $-18.1M | ||
| Q4 24 | $191.3M | $-23.3M | ||
| Q3 24 | $163.4M | $-24.7M | ||
| Q2 24 | $34.5M | $-27.8M | ||
| Q1 24 | $84.6M | $-26.2M |
自由现金流率AOSLVWR
| Q4 25 | 18.1% | -78.7% | ||
| Q3 25 | 25.5% | -245.9% | ||
| Q2 25 | 12.1% | -277.7% | ||
| Q1 25 | 1.8% | -660.0% | ||
| Q4 24 | 21.0% | -216.3% | ||
| Q3 24 | 18.1% | -555.3% | ||
| Q2 24 | 3.4% | -431.1% | ||
| Q1 24 | 8.6% | -525.6% |
资本支出强度AOSLVWR
| Q4 25 | 1.9% | 9.1% | ||
| Q3 25 | 1.6% | 12.9% | ||
| Q2 25 | 1.7% | 24.3% | ||
| Q1 25 | 2.2% | 22.3% | ||
| Q4 24 | 3.4% | 13.1% | ||
| Q3 24 | 3.6% | 35.6% | ||
| Q2 24 | 2.2% | 28.5% | ||
| Q1 24 | 2.2% | 65.1% |
现金转化率AOSLVWR
| 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× | — | ||
| 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% |
LVWR
暂无分部数据
