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A.O.史密斯（AOS）与MCGRATH RENTCORP（MGRC）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MCGRATH RENTCORP的3.6倍（$912.5M vs $256.8M）。MCGRATH RENTCORP净利率更高（19.4% vs 13.7%，领先5.7%）。MCGRATH RENTCORP同比增速更快（5.3% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $69.8M）。过去两年MCGRATH RENTCORP的营收复合增速更高（16.9% 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。
麦格拉思租赁公司是主营北美市场的B2B租赁服务商，核心业务包括可搬迁模块化办公与教学建筑、便携式存储单元及电子测试测量设备租赁，服务覆盖建筑、教育、工业、科技等多个行业领域。
AOS vs MGRC — 直观对比
营收规模更大
AOS
是对方的3.6倍
$256.8M
营收增速更快
MGRC
高出5.3%
0.0%
净利率更高
MGRC
高出5.7%
13.7%
自由现金流更多
AOS
多$95.7M
$69.8M
两年增速更快
MGRC
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $256.8M |
| 净利润 | $125.4M | $49.8M |
| 毛利率 | 38.4% | 50.1% |
| 营业利润率 | 17.9% | 28.9% |
| 净利率 | 13.7% | 19.4% |
| 营收同比 | 0.0% | 5.3% |
| 净利润同比 | 14.3% | 28.0% |
| 每股收益（稀释后） | $0.89 | $2.02 |
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AOSMGRC
| Q4 25 | $912.5M | $256.8M | ||
| Q3 25 | $942.5M | $256.4M | ||
| Q2 25 | $1.0B | $235.6M | ||
| Q1 25 | $963.9M | $195.4M | ||
| Q4 24 | $912.4M | $243.7M | ||
| Q3 24 | $902.6M | $266.8M | ||
| Q2 24 | $1.0B | $212.6M | ||
| Q1 24 | $978.8M | $187.8M |
净利润AOSMGRC
| Q4 25 | $125.4M | $49.8M | ||
| Q3 25 | $132.0M | $42.3M | ||
| Q2 25 | $152.2M | $36.0M | ||
| Q1 25 | $136.6M | $28.2M | ||
| Q4 24 | $109.7M | $38.9M | ||
| Q3 24 | $120.1M | $149.3M | ||
| Q2 24 | $156.2M | $20.6M | ||
| Q1 24 | $147.6M | $22.8M |
毛利率AOSMGRC
| Q4 25 | 38.4% | 50.1% | ||
| Q3 25 | 38.7% | 46.5% | ||
| Q2 25 | 39.3% | 47.0% | ||
| Q1 25 | 38.9% | 49.3% | ||
| Q4 24 | 37.1% | 47.1% | ||
| Q3 24 | 37.4% | 46.5% | ||
| Q2 24 | 38.7% | 48.6% | ||
| Q1 24 | 39.3% | 49.7% |
营业利润率AOSMGRC
| Q4 25 | 17.9% | 28.9% | ||
| Q3 25 | 18.6% | 26.0% | ||
| Q2 25 | 20.4% | 24.3% | ||
| Q1 25 | 19.1% | 23.3% | ||
| Q4 24 | 10.1% | 25.9% | ||
| Q3 24 | 19.5% | 28.0% | ||
| Q2 24 | 21.9% | 25.6% | ||
| Q1 24 | 22.0% | 27.7% |
净利率AOSMGRC
| Q4 25 | 13.7% | 19.4% | ||
| Q3 25 | 14.0% | 16.5% | ||
| Q2 25 | 15.0% | 15.3% | ||
| Q1 25 | 14.2% | 14.4% | ||
| Q4 24 | 12.0% | 16.0% | ||
| Q3 24 | 13.3% | 56.0% | ||
| Q2 24 | 15.2% | 9.7% | ||
| Q1 24 | 15.1% | 12.2% |
每股收益（稀释后）AOSMGRC
| Q4 25 | $0.89 | $2.02 | ||
| Q3 25 | $0.94 | $1.72 | ||
| Q2 25 | $1.07 | $1.46 | ||
| Q1 25 | $0.95 | $1.15 | ||
| Q4 24 | $0.75 | $1.58 | ||
| Q3 24 | $0.82 | $6.08 | ||
| Q2 24 | $1.06 | $0.84 | ||
| Q1 24 | $1.00 | $0.93 |
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 | $295.0K |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $1.2B |
| 总资产 | $3.1B | $2.4B |
| 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AOSMGRC
| Q4 25 | $193.2M | $295.0K | ||
| Q3 25 | $172.8M | $7.3M | ||
| Q2 25 | $177.9M | $1.5M | ||
| Q1 25 | $200.2M | $3.4M | ||
| Q4 24 | $276.1M | $807.0K | ||
| Q3 24 | $255.6M | $4.1M | ||
| Q2 24 | $233.3M | $9.4M | ||
| Q1 24 | $303.1M | $1.9M |
总债务AOSMGRC
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSMGRC
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $1.9B | $954.2M | ||
| Q1 24 | $1.9B | $943.0M |
总资产AOSMGRC
| Q4 25 | $3.1B | $2.4B | ||
| Q3 25 | $3.2B | $2.4B | ||
| Q2 25 | $3.2B | $2.3B | ||
| Q1 25 | $3.3B | $2.2B | ||
| Q4 24 | $3.2B | $2.3B | ||
| Q3 24 | $3.2B | $2.3B | ||
| Q2 24 | $3.2B | $2.3B | ||
| Q1 24 | $3.2B | $2.3B |
负债/权益比AOSMGRC
| 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 | $80.9M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $69.8M |
| 自由现金流率自由现金流/营收 | 18.1% | 27.2% |
| 资本支出强度资本支出/营收 | 1.9% | 4.3% |
| 现金转化率经营现金流/净利润 | 1.46× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $211.3M |
8季度趋势，按日历期对齐
经营现金流AOSMGRC
| Q4 25 | $183.1M | $80.9M | ||
| Q3 25 | $255.4M | $65.1M | ||
| Q2 25 | $139.6M | $55.8M | ||
| Q1 25 | $38.7M | $53.9M | ||
| Q4 24 | $221.9M | $36.8M | ||
| Q3 24 | $195.9M | $199.0M | ||
| Q2 24 | $57.4M | $79.2M | ||
| Q1 24 | $106.6M | $59.4M |
自由现金流AOSMGRC
| Q4 25 | $165.5M | $69.8M | ||
| Q3 25 | $240.6M | $53.5M | ||
| Q2 25 | $122.5M | $38.2M | ||
| Q1 25 | $17.4M | $49.9M | ||
| Q4 24 | $191.3M | $32.6M | ||
| Q3 24 | $163.4M | $193.0M | ||
| Q2 24 | $34.5M | $74.4M | ||
| Q1 24 | $84.6M | $34.1M |
自由现金流率AOSMGRC
| Q4 25 | 18.1% | 27.2% | ||
| Q3 25 | 25.5% | 20.8% | ||
| Q2 25 | 12.1% | 16.2% | ||
| Q1 25 | 1.8% | 25.5% | ||
| Q4 24 | 21.0% | 13.4% | ||
| Q3 24 | 18.1% | 72.4% | ||
| Q2 24 | 3.4% | 35.0% | ||
| Q1 24 | 8.6% | 18.2% |
资本支出强度AOSMGRC
| Q4 25 | 1.9% | 4.3% | ||
| Q3 25 | 1.6% | 4.5% | ||
| Q2 25 | 1.7% | 7.5% | ||
| Q1 25 | 2.2% | 2.0% | ||
| Q4 24 | 3.4% | 1.7% | ||
| Q3 24 | 3.6% | 2.2% | ||
| Q2 24 | 2.2% | 2.3% | ||
| Q1 24 | 2.2% | 13.5% |
现金转化率AOSMGRC
| Q4 25 | 1.46× | 1.62× | ||
| Q3 25 | 1.93× | 1.54× | ||
| Q2 25 | 0.92× | 1.55× | ||
| Q1 25 | 0.28× | 1.91× | ||
| Q4 24 | 2.02× | 0.94× | ||
| Q3 24 | 1.63× | 1.33× | ||
| Q2 24 | 0.37× | 3.84× | ||
| Q1 24 | 0.72× | 2.60× |
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% |
MGRC
| Transferred At Point In Time | $73.7M | 29% |
| Non Lease Sales | $55.4M | 22% |
| Trs Ren Telco | $40.6M | 16% |
| Transferred Over Time | $26.0M | 10% |
| Portable Storage | $23.8M | 9% |
| Enviroplex | $16.6M | 6% |
| Non Lease Rental Related Services | $11.1M | 4% |
| Other | $7.3M | 3% |
