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A.O.史密斯（AOS）与NOCERA, INC.（NCRA）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NOCERA, INC.的259.3倍（$912.5M vs $3.5M）。A.O.史密斯净利率更高（13.7% vs -18.2%，领先31.9%）。A.O.史密斯同比增速更快（0.0% vs -12.0%）。过去两年A.O.史密斯的营收复合增速更高（-3.4% vs -15.3%）
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。
NOCERA株式会社是一家总部位于日本的企业，主打循环水养殖系统相关技术与设备的研发、生产及销售，同时自主运营商业化水产养殖项目，为亚洲多国客户提供低环境负荷的可持续内陆水产养殖解决方案。
AOS vs NCRA — 直观对比
营收规模更大
AOS
是对方的259.3倍
$3.5M
营收增速更快
AOS
高出12.0%
-12.0%
净利率更高
AOS
高出31.9%
-18.2%
两年增速更快
AOS
近两年复合增速
-15.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $3.5M |
| 净利润 | $125.4M | $-639.5K |
| 毛利率 | 38.4% | 1.1% |
| 营业利润率 | 17.9% | -14.2% |
| 净利率 | 13.7% | -18.2% |
| 营收同比 | 0.0% | -12.0% |
| 净利润同比 | 14.3% | 83.9% |
| 每股收益（稀释后） | $0.89 | $-0.05 |
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AOSNCRA
| Q4 25 | $912.5M | $3.5M | ||
| Q3 25 | $942.5M | $1.6M | ||
| Q2 25 | $1.0B | $4.0M | ||
| Q1 25 | $963.9M | $4.5M | ||
| Q4 24 | $912.4M | $4.0M | ||
| Q3 24 | $902.6M | $1.4M | ||
| Q2 24 | $1.0B | $6.8M | ||
| Q1 24 | $978.8M | $4.9M |
净利润AOSNCRA
| Q4 25 | $125.4M | $-639.5K | ||
| Q3 25 | $132.0M | $-1.5M | ||
| Q2 25 | $152.2M | $-491.7K | ||
| Q1 25 | $136.6M | $-248.0K | ||
| Q4 24 | $109.7M | $-4.0M | ||
| Q3 24 | $120.1M | $-315.3K | ||
| Q2 24 | $156.2M | $84.4K | ||
| Q1 24 | $147.6M | $-288.6K |
毛利率AOSNCRA
| Q4 25 | 38.4% | 1.1% | ||
| Q3 25 | 38.7% | 3.1% | ||
| Q2 25 | 39.3% | 0.8% | ||
| Q1 25 | 38.9% | 1.1% | ||
| Q4 24 | 37.1% | 4.3% | ||
| Q3 24 | 37.4% | 2.5% | ||
| Q2 24 | 38.7% | 0.7% | ||
| Q1 24 | 39.3% | 1.7% |
营业利润率AOSNCRA
| Q4 25 | 17.9% | -14.2% | ||
| Q3 25 | 18.6% | -51.2% | ||
| Q2 25 | 20.4% | -5.1% | ||
| Q1 25 | 19.1% | -6.3% | ||
| Q4 24 | 10.1% | -95.6% | ||
| Q3 24 | 19.5% | -22.1% | ||
| Q2 24 | 21.9% | -4.6% | ||
| Q1 24 | 22.0% | -7.5% |
净利率AOSNCRA
| Q4 25 | 13.7% | -18.2% | ||
| Q3 25 | 14.0% | -93.6% | ||
| Q2 25 | 15.0% | -12.4% | ||
| Q1 25 | 14.2% | -5.5% | ||
| Q4 24 | 12.0% | -99.3% | ||
| Q3 24 | 13.3% | -23.1% | ||
| Q2 24 | 15.2% | 1.3% | ||
| Q1 24 | 15.1% | -5.9% |
每股收益（稀释后）AOSNCRA
| Q4 25 | $0.89 | $-0.05 | ||
| Q3 25 | $0.94 | $-0.10 | ||
| Q2 25 | $1.07 | $-0.03 | ||
| Q1 25 | $0.95 | $-0.02 | ||
| Q4 24 | $0.75 | $-0.30 | ||
| Q3 24 | $0.82 | $-0.02 | ||
| Q2 24 | $1.06 | $0.01 | ||
| Q1 24 | $1.00 | $-0.02 |
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 | $8.0M |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $-440.7K |
| 总资产 | $3.1B | $10.1M |
| 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AOSNCRA
| Q4 25 | $193.2M | $8.0M | ||
| Q3 25 | $172.8M | $2.0M | ||
| Q2 25 | $177.9M | $150.1K | ||
| Q1 25 | $200.2M | $531.8K | ||
| Q4 24 | $276.1M | $484.2K | ||
| Q3 24 | $255.6M | $372.3K | ||
| Q2 24 | $233.3M | $586.4K | ||
| Q1 24 | $303.1M | $961.8K |
总债务AOSNCRA
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSNCRA
| Q4 25 | $1.9B | $-440.7K | ||
| Q3 25 | $1.8B | $4.9M | ||
| Q2 25 | $1.8B | $3.7M | ||
| Q1 25 | $1.9B | $4.1M | ||
| Q4 24 | $1.9B | $2.1M | ||
| Q3 24 | $1.9B | $5.4M | ||
| Q2 24 | $1.9B | $5.6M | ||
| Q1 24 | $1.9B | $5.0M |
总资产AOSNCRA
| Q4 25 | $3.1B | $10.1M | ||
| Q3 25 | $3.2B | $5.9M | ||
| Q2 25 | $3.2B | $4.4M | ||
| Q1 25 | $3.3B | $4.8M | ||
| Q4 24 | $3.2B | $2.9M | ||
| Q3 24 | $3.2B | $6.0M | ||
| Q2 24 | $3.2B | $6.3M | ||
| Q1 24 | $3.2B | $6.6M |
负债/权益比AOSNCRA
| 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 | $-1.5M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | — |
| 自由现金流率自由现金流/营收 | 18.1% | — |
| 资本支出强度资本支出/营收 | 1.9% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AOSNCRA
| Q4 25 | $183.1M | $-1.5M | ||
| Q3 25 | $255.4M | $-802.8K | ||
| Q2 25 | $139.6M | $-205.2K | ||
| Q1 25 | $38.7M | $-115.1K | ||
| Q4 24 | $221.9M | $-1.2M | ||
| Q3 24 | $195.9M | $-209.0K | ||
| Q2 24 | $57.4M | $-239.6K | ||
| Q1 24 | $106.6M | $-461.0K |
自由现金流AOSNCRA
| Q4 25 | $165.5M | — | ||
| Q3 25 | $240.6M | — | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $17.4M | — | ||
| Q4 24 | $191.3M | — | ||
| Q3 24 | $163.4M | — | ||
| Q2 24 | $34.5M | $-240.5K | ||
| Q1 24 | $84.6M | — |
自由现金流率AOSNCRA
| Q4 25 | 18.1% | — | ||
| Q3 25 | 25.5% | — | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 21.0% | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 3.4% | -3.6% | ||
| Q1 24 | 8.6% | — |
资本支出强度AOSNCRA
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.6% | 0.0% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 3.4% | 0.0% | ||
| Q3 24 | 3.6% | 0.0% | ||
| Q2 24 | 2.2% | 0.0% | ||
| Q1 24 | 2.2% | 0.0% |
现金转化率AOSNCRA
| 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× | -2.84× | ||
| 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% |
NCRA
暂无分部数据
