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A.O.史密斯（AOS）与Matador Resources Co（MTDR）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Matador Resources Co的1.1倍（$912.5M vs $809.5M），Matador Resources Co净利率更高（23.8% vs 13.7%，领先10.0%），A.O.史密斯同比增速更快（0.0% vs -17.2%），A.O.史密斯自由现金流更多（$165.5M vs $8.1M），过去两年Matador Resources Co的营收复合增速更高（1.5% 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。
Matador Resources Co是一家独立能源企业，主营石油、天然气及天然气凝液的勘探、开发、生产与收购业务，核心运营区域分布在美国多个主要陆上资源盆地，产品主要供应北美能源市场。
AOS vs MTDR — 直观对比
营收规模更大
AOS
是对方的1.1倍
$809.5M
营收增速更快
AOS
高出17.3%
-17.2%
净利率更高
MTDR
高出10.0%
13.7%
自由现金流更多
AOS
多$157.4M
$8.1M
两年增速更快
MTDR
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $809.5M |
| 净利润 | $125.4M | $192.5M |
| 毛利率 | 38.4% | — |
| 营业利润率 | 17.9% | 30.0% |
| 净利率 | 13.7% | 23.8% |
| 营收同比 | 0.0% | -17.2% |
| 净利润同比 | 14.3% | -10.2% |
| 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AOSMTDR
| Q4 25 | $912.5M | $809.5M | ||
| Q3 25 | $942.5M | $915.1M | ||
| Q2 25 | $1.0B | $925.7M | ||
| Q1 25 | $963.9M | $1.0B | ||
| Q4 24 | $912.4M | $978.3M | ||
| Q3 24 | $902.6M | $860.1M | ||
| Q2 24 | $1.0B | $855.2M | ||
| Q1 24 | $978.8M | $785.3M |
净利润AOSMTDR
| Q4 25 | $125.4M | $192.5M | ||
| Q3 25 | $132.0M | $176.4M | ||
| Q2 25 | $152.2M | $150.2M | ||
| Q1 25 | $136.6M | $240.1M | ||
| Q4 24 | $109.7M | $214.5M | ||
| Q3 24 | $120.1M | $248.3M | ||
| Q2 24 | $156.2M | $228.8M | ||
| Q1 24 | $147.6M | $193.7M |
毛利率AOSMTDR
| 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AOSMTDR
| Q4 25 | 17.9% | 30.0% | ||
| Q3 25 | 18.6% | 33.4% | ||
| Q2 25 | 20.4% | 31.2% | ||
| Q1 25 | 19.1% | 38.7% | ||
| Q4 24 | 10.1% | 36.8% | ||
| Q3 24 | 19.5% | 45.6% | ||
| Q2 24 | 21.9% | 42.5% | ||
| Q1 24 | 22.0% | 40.6% |
净利率AOSMTDR
| Q4 25 | 13.7% | 23.8% | ||
| Q3 25 | 14.0% | 19.3% | ||
| Q2 25 | 15.0% | 16.2% | ||
| Q1 25 | 14.2% | 23.9% | ||
| Q4 24 | 12.0% | 21.9% | ||
| Q3 24 | 13.3% | 28.9% | ||
| Q2 24 | 15.2% | 26.8% | ||
| Q1 24 | 15.1% | 24.7% |
每股收益（稀释后）AOSMTDR
| Q4 25 | $0.89 | $1.54 | ||
| Q3 25 | $0.94 | $1.42 | ||
| Q2 25 | $1.07 | $1.21 | ||
| Q1 25 | $0.95 | $1.92 | ||
| Q4 24 | $0.75 | $1.71 | ||
| Q3 24 | $0.82 | $1.99 | ||
| Q2 24 | $1.06 | $1.83 | ||
| Q1 24 | $1.00 | $1.61 |
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 | $15.3M |
| 总债务越低越好 | $155.0M | $3.4B |
| 股东权益账面价值 | $1.9B | $5.7B |
| 总资产 | $3.1B | $11.7B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资AOSMTDR
| Q4 25 | $193.2M | $15.3M | ||
| Q3 25 | $172.8M | $20.1M | ||
| Q2 25 | $177.9M | $10.5M | ||
| Q1 25 | $200.2M | $14.5M | ||
| Q4 24 | $276.1M | $23.0M | ||
| Q3 24 | $255.6M | $23.3M | ||
| Q2 24 | $233.3M | $15.2M | ||
| Q1 24 | $303.1M | $23.2M |
总债务AOSMTDR
| Q4 25 | $155.0M | $3.4B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $193.2M | $3.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSMTDR
| Q4 25 | $1.9B | $5.7B | ||
| Q3 25 | $1.8B | $5.5B | ||
| Q2 25 | $1.8B | $5.4B | ||
| Q1 25 | $1.9B | $5.3B | ||
| Q4 24 | $1.9B | $5.1B | ||
| Q3 24 | $1.9B | $4.9B | ||
| Q2 24 | $1.9B | $4.6B | ||
| Q1 24 | $1.9B | $4.4B |
总资产AOSMTDR
| Q4 25 | $3.1B | $11.7B | ||
| Q3 25 | $3.2B | $11.6B | ||
| Q2 25 | $3.2B | $11.3B | ||
| Q1 25 | $3.3B | $11.1B | ||
| Q4 24 | $3.2B | $10.9B | ||
| Q3 24 | $3.2B | $10.6B | ||
| Q2 24 | $3.2B | $8.5B | ||
| Q1 24 | $3.2B | $8.2B |
负债/权益比AOSMTDR
| Q4 25 | 0.08× | 0.60× | ||
| Q3 25 | — | 0.58× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | 0.10× | 0.65× | ||
| 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 | $474.4M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $8.1M |
| 自由现金流率自由现金流/营收 | 18.1% | 1.0% |
| 资本支出强度资本支出/营收 | 1.9% | 57.6% |
| 现金转化率经营现金流/净利润 | 1.46× | 2.46× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $269.6M |
8季度趋势，按日历期对齐
经营现金流AOSMTDR
| Q4 25 | $183.1M | $474.4M | ||
| Q3 25 | $255.4M | $721.7M | ||
| Q2 25 | $139.6M | $501.0M | ||
| Q1 25 | $38.7M | $727.9M | ||
| Q4 24 | $221.9M | $575.0M | ||
| Q3 24 | $195.9M | $610.4M | ||
| Q2 24 | $57.4M | $592.9M | ||
| Q1 24 | $106.6M | $468.6M |
自由现金流AOSMTDR
| Q4 25 | $165.5M | $8.1M | ||
| Q3 25 | $240.6M | $78.3M | ||
| Q2 25 | $122.5M | $9.6M | ||
| Q1 25 | $17.4M | $173.6M | ||
| Q4 24 | $191.3M | $45.2M | ||
| Q3 24 | $163.4M | $-1.6B | ||
| Q2 24 | $34.5M | $69.0M | ||
| Q1 24 | $84.6M | $-170.0M |
自由现金流率AOSMTDR
| Q4 25 | 18.1% | 1.0% | ||
| Q3 25 | 25.5% | 8.6% | ||
| Q2 25 | 12.1% | 1.0% | ||
| Q1 25 | 1.8% | 17.3% | ||
| Q4 24 | 21.0% | 4.6% | ||
| Q3 24 | 18.1% | -186.5% | ||
| Q2 24 | 3.4% | 8.1% | ||
| Q1 24 | 8.6% | -21.6% |
资本支出强度AOSMTDR
| Q4 25 | 1.9% | 57.6% | ||
| Q3 25 | 1.6% | 70.3% | ||
| Q2 25 | 1.7% | 53.1% | ||
| Q1 25 | 2.2% | 55.1% | ||
| Q4 24 | 3.4% | 54.2% | ||
| Q3 24 | 3.6% | 257.4% | ||
| Q2 24 | 2.2% | 61.3% | ||
| Q1 24 | 2.2% | 81.3% |
现金转化率AOSMTDR
| Q4 25 | 1.46× | 2.46× | ||
| Q3 25 | 1.93× | 4.09× | ||
| Q2 25 | 0.92× | 3.34× | ||
| Q1 25 | 0.28× | 3.03× | ||
| Q4 24 | 2.02× | 2.68× | ||
| Q3 24 | 1.63× | 2.46× | ||
| Q2 24 | 0.37× | 2.59× | ||
| Q1 24 | 0.72× | 2.42× |
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% |
MTDR
| Oil And Gas | $702.8M | 87% |
| Natural Gas Sales | $61.3M | 8% |
| Natural Gas Midstream | $45.4M | 6% |
