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A.O.史密斯（AOS）与NATIONAL RESEARCH CORP（NRC）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NATIONAL RESEARCH CORP的25.9倍（$912.5M vs $35.2M）。A.O.史密斯净利率更高（13.7% vs 5.1%，领先8.6%）。A.O.史密斯同比增速更快（0.0% vs -4.6%）。A.O.史密斯自由现金流更多（$165.5M vs $6.1M）。过去两年NATIONAL RESEARCH CORP的营收复合增速更高（-0.2% 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。
NRC Health（原国家研究公司）是一家美国医疗健康企业，1981年成立，总部位于内布拉斯加州林肯市。公司主要在美加两国提供医疗健康相关产品及订阅式解决方案，深耕区域医疗健康服务领域。
AOS vs NRC — 直观对比
营收规模更大
AOS
是对方的25.9倍
$35.2M
营收增速更快
AOS
高出4.7%
-4.6%
净利率更高
AOS
高出8.6%
5.1%
自由现金流更多
AOS
多$159.4M
$6.1M
两年增速更快
NRC
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $35.2M |
| 净利润 | $125.4M | $1.8M |
| 毛利率 | 38.4% | — |
| 营业利润率 | 17.9% | 13.3% |
| 净利率 | 13.7% | 5.1% |
| 营收同比 | 0.0% | -4.6% |
| 净利润同比 | 14.3% | -72.6% |
| 每股收益（稀释后） | $0.89 | $49.58 |
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AOSNRC
| Q4 25 | $912.5M | $35.2M | ||
| Q3 25 | $942.5M | $34.6M | ||
| Q2 25 | $1.0B | $34.0M | ||
| Q1 25 | $963.9M | $33.6M | ||
| Q4 24 | $912.4M | $36.9M | ||
| Q3 24 | $902.6M | $35.8M | ||
| Q2 24 | $1.0B | $35.0M | ||
| Q1 24 | $978.8M | $35.3M |
净利润AOSNRC
| Q4 25 | $125.4M | $1.8M | ||
| Q3 25 | $132.0M | $4.1M | ||
| Q2 25 | $152.2M | $-106.0K | ||
| Q1 25 | $136.6M | $5.8M | ||
| Q4 24 | $109.7M | $6.6M | ||
| Q3 24 | $120.1M | $5.7M | ||
| Q2 24 | $156.2M | $6.2M | ||
| Q1 24 | $147.6M | $6.4M |
毛利率AOSNRC
| 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AOSNRC
| Q4 25 | 17.9% | 13.3% | ||
| Q3 25 | 18.6% | 22.4% | ||
| Q2 25 | 20.4% | 4.7% | ||
| Q1 25 | 19.1% | 25.6% | ||
| Q4 24 | 10.1% | 26.0% | ||
| Q3 24 | 19.5% | 22.3% | ||
| Q2 24 | 21.9% | 25.3% | ||
| Q1 24 | 22.0% | 24.8% |
净利率AOSNRC
| Q4 25 | 13.7% | 5.1% | ||
| Q3 25 | 14.0% | 11.9% | ||
| Q2 25 | 15.0% | -0.3% | ||
| Q1 25 | 14.2% | 17.2% | ||
| Q4 24 | 12.0% | 17.8% | ||
| Q3 24 | 13.3% | 15.9% | ||
| Q2 24 | 15.2% | 17.6% | ||
| Q1 24 | 15.1% | 18.0% |
每股收益（稀释后）AOSNRC
| Q4 25 | $0.89 | $49.58 | ||
| Q3 25 | $0.94 | $0.18 | ||
| Q2 25 | $1.07 | $-0.01 | ||
| Q1 25 | $0.95 | $0.25 | ||
| Q4 24 | $0.75 | $0.27 | ||
| Q3 24 | $0.82 | $0.24 | ||
| Q2 24 | $1.06 | $0.26 | ||
| Q1 24 | $1.00 | $0.27 |
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 | $4.1M |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $14.0M |
| 总资产 | $3.1B | $134.9M |
| 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AOSNRC
| Q4 25 | $193.2M | $4.1M | ||
| Q3 25 | $172.8M | $2.2M | ||
| Q2 25 | $177.9M | $5.3M | ||
| Q1 25 | $200.2M | $2.5M | ||
| Q4 24 | $276.1M | $4.2M | ||
| Q3 24 | $255.6M | $3.5M | ||
| Q2 24 | $233.3M | $485.0K | ||
| Q1 24 | $303.1M | $1.7M |
总债务AOSNRC
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | $48.7M | ||
| Q2 24 | — | $33.3M | ||
| Q1 24 | — | $35.2M |
股东权益AOSNRC
| Q4 25 | $1.9B | $14.0M | ||
| Q3 25 | $1.8B | $14.3M | ||
| Q2 25 | $1.8B | $21.3M | ||
| Q1 25 | $1.9B | $29.7M | ||
| Q4 24 | $1.9B | $31.3M | ||
| Q3 24 | $1.9B | $34.6M | ||
| Q2 24 | $1.9B | $40.2M | ||
| Q1 24 | $1.9B | $36.9M |
总资产AOSNRC
| Q4 25 | $3.1B | $134.9M | ||
| Q3 25 | $3.2B | $135.7M | ||
| Q2 25 | $3.2B | $141.4M | ||
| Q1 25 | $3.3B | $135.2M | ||
| Q4 24 | $3.2B | $132.5M | ||
| Q3 24 | $3.2B | $131.8M | ||
| Q2 24 | $3.2B | $119.1M | ||
| Q1 24 | $3.2B | $120.9M |
负债/权益比AOSNRC
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | 0.95× |
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 | $7.2M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $6.1M |
| 自由现金流率自由现金流/营收 | 18.1% | 17.2% |
| 资本支出强度资本支出/营收 | 1.9% | 3.2% |
| 现金转化率经营现金流/净利润 | 1.46× | 3.99× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $15.7M |
8季度趋势，按日历期对齐
经营现金流AOSNRC
| Q4 25 | $183.1M | $7.2M | ||
| Q3 25 | $255.4M | $13.8M | ||
| Q2 25 | $139.6M | $-1.1M | ||
| Q1 25 | $38.7M | $6.6M | ||
| Q4 24 | $221.9M | $6.4M | ||
| Q3 24 | $195.9M | $9.4M | ||
| Q2 24 | $57.4M | $6.8M | ||
| Q1 24 | $106.6M | $12.0M |
自由现金流AOSNRC
| Q4 25 | $165.5M | $6.1M | ||
| Q3 25 | $240.6M | $10.2M | ||
| Q2 25 | $122.5M | $-4.1M | ||
| Q1 25 | $17.4M | $3.7M | ||
| Q4 24 | $191.3M | $1.9M | ||
| Q3 24 | $163.4M | $7.8M | ||
| Q2 24 | $34.5M | $1.5M | ||
| Q1 24 | $84.6M | $7.9M |
自由现金流率AOSNRC
| Q4 25 | 18.1% | 17.2% | ||
| Q3 25 | 25.5% | 29.4% | ||
| Q2 25 | 12.1% | -12.2% | ||
| Q1 25 | 1.8% | 10.9% | ||
| Q4 24 | 21.0% | 5.2% | ||
| Q3 24 | 18.1% | 21.8% | ||
| Q2 24 | 3.4% | 4.3% | ||
| Q1 24 | 8.6% | 22.4% |
资本支出强度AOSNRC
| Q4 25 | 1.9% | 3.2% | ||
| Q3 25 | 1.6% | 10.4% | ||
| Q2 25 | 1.7% | 8.8% | ||
| Q1 25 | 2.2% | 8.9% | ||
| Q4 24 | 3.4% | 12.0% | ||
| Q3 24 | 3.6% | 4.5% | ||
| Q2 24 | 2.2% | 15.0% | ||
| Q1 24 | 2.2% | 11.7% |
现金转化率AOSNRC
| Q4 25 | 1.46× | 3.99× | ||
| Q3 25 | 1.93× | 3.34× | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | 1.15× | ||
| Q4 24 | 2.02× | 0.97× | ||
| Q3 24 | 1.63× | 1.66× | ||
| Q2 24 | 0.37× | 1.10× | ||
| Q1 24 | 0.72× | 1.89× |
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% |
NRC
暂无分部数据
