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A.O.史密斯（AOS）与NORTHERN TECHNOLOGIES INTERNATIONAL CORP（NTIC）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NORTHERN TECHNOLOGIES INTERNATIONAL CORP的39.1倍（$912.5M vs $23.3M）。A.O.史密斯净利率更高（13.7% vs 1.0%，领先12.7%）。NORTHERN TECHNOLOGIES INTERNATIONAL CORP同比增速更快（9.2% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $-479.7K）。过去两年NORTHERN TECHNOLOGIES INTERNATIONAL CORP的营收复合增速更高（5.8% 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。
该企业为一家美国航天科技公司，专注于地理空间情报、地球观测、在轨卫星服务业务，同时提供卫星产品及相关配套服务。其由数字地球公司与MDA控股公司合并而成，于2017年10月5日正式完成合并组建。
AOS vs NTIC — 直观对比
营收规模更大
AOS
是对方的39.1倍
$23.3M
营收增速更快
NTIC
高出9.2%
0.0%
净利率更高
AOS
高出12.7%
1.0%
自由现金流更多
AOS
多$166.0M
$-479.7K
两年增速更快
NTIC
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $23.3M |
| 净利润 | $125.4M | $237.8K |
| 毛利率 | 38.4% | 36.0% |
| 营业利润率 | 17.9% | 4.0% |
| 净利率 | 13.7% | 1.0% |
| 营收同比 | 0.0% | 9.2% |
| 净利润同比 | 14.3% | -57.6% |
| 每股收益（稀释后） | $0.89 | $0.03 |
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AOSNTIC
| Q4 25 | $912.5M | $23.3M | ||
| Q3 25 | $942.5M | $22.3M | ||
| Q2 25 | $1.0B | $21.5M | ||
| Q1 25 | $963.9M | $19.1M | ||
| Q4 24 | $912.4M | $21.3M | ||
| Q3 24 | $902.6M | $23.3M | ||
| Q2 24 | $1.0B | $20.7M | ||
| Q1 24 | $978.8M | $20.8M |
净利润AOSNTIC
| Q4 25 | $125.4M | $237.8K | ||
| Q3 25 | $132.0M | $-1.1M | ||
| Q2 25 | $152.2M | $121.8K | ||
| Q1 25 | $136.6M | $434.3K | ||
| Q4 24 | $109.7M | $561.1K | ||
| Q3 24 | $120.1M | $1.8M | ||
| Q2 24 | $156.2M | $976.6K | ||
| Q1 24 | $147.6M | $1.7M |
毛利率AOSNTIC
| Q4 25 | 38.4% | 36.0% | ||
| Q3 25 | 38.7% | 37.9% | ||
| Q2 25 | 39.3% | 38.4% | ||
| Q1 25 | 38.9% | 35.6% | ||
| Q4 24 | 37.1% | 38.3% | ||
| Q3 24 | 37.4% | 43.8% | ||
| Q2 24 | 38.7% | 38.2% | ||
| Q1 24 | 39.3% | 40.0% |
营业利润率AOSNTIC
| Q4 25 | 17.9% | 4.0% | ||
| Q3 25 | 18.6% | 4.2% | ||
| Q2 25 | 20.4% | 4.0% | ||
| Q1 25 | 19.1% | -1.7% | ||
| Q4 24 | 10.1% | 5.2% | ||
| Q3 24 | 19.5% | 11.8% | ||
| Q2 24 | 21.9% | 7.4% | ||
| Q1 24 | 22.0% | 10.6% |
净利率AOSNTIC
| Q4 25 | 13.7% | 1.0% | ||
| Q3 25 | 14.0% | -4.9% | ||
| Q2 25 | 15.0% | 0.6% | ||
| Q1 25 | 14.2% | 2.3% | ||
| Q4 24 | 12.0% | 2.6% | ||
| Q3 24 | 13.3% | 7.9% | ||
| Q2 24 | 15.2% | 4.7% | ||
| Q1 24 | 15.1% | 8.2% |
每股收益（稀释后）AOSNTIC
| Q4 25 | $0.89 | $0.03 | ||
| Q3 25 | $0.94 | $-0.11 | ||
| Q2 25 | $1.07 | $0.01 | ||
| Q1 25 | $0.95 | $0.04 | ||
| Q4 24 | $0.75 | $0.06 | ||
| Q3 24 | $0.82 | $0.19 | ||
| Q2 24 | $1.06 | $0.10 | ||
| Q1 24 | $1.00 | $0.17 |
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 | $6.4M |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $72.4M |
| 总资产 | $3.1B | $104.0M |
| 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AOSNTIC
| Q4 25 | $193.2M | $6.4M | ||
| Q3 25 | $172.8M | $7.3M | ||
| Q2 25 | $177.9M | $6.8M | ||
| Q1 25 | $200.2M | $5.1M | ||
| Q4 24 | $276.1M | $5.6M | ||
| Q3 24 | $255.6M | $5.0M | ||
| Q2 24 | $233.3M | $5.8M | ||
| Q1 24 | $303.1M | $4.8M |
总债务AOSNTIC
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSNTIC
| Q4 25 | $1.9B | $72.4M | ||
| Q3 25 | $1.8B | $72.1M | ||
| Q2 25 | $1.8B | $72.4M | ||
| Q1 25 | $1.9B | $69.7M | ||
| Q4 24 | $1.9B | $70.2M | ||
| Q3 24 | $1.9B | $71.2M | ||
| Q2 24 | $1.9B | $68.9M | ||
| Q1 24 | $1.9B | $68.4M |
总资产AOSNTIC
| Q4 25 | $3.1B | $104.0M | ||
| Q3 25 | $3.2B | $102.7M | ||
| Q2 25 | $3.2B | $99.3M | ||
| Q1 25 | $3.3B | $93.7M | ||
| Q4 24 | $3.2B | $94.0M | ||
| Q3 24 | $3.2B | $94.7M | ||
| Q2 24 | $3.2B | $89.3M | ||
| Q1 24 | $3.2B | $87.3M |
负债/权益比AOSNTIC
| 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 | $341.9K |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $-479.7K |
| 自由现金流率自由现金流/营收 | 18.1% | -2.1% |
| 资本支出强度资本支出/营收 | 1.9% | 3.5% |
| 现金转化率经营现金流/净利润 | 1.46× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $-1.8M |
8季度趋势，按日历期对齐
经营现金流AOSNTIC
| Q4 25 | $183.1M | $341.9K | ||
| Q3 25 | $255.4M | $-1.4M | ||
| Q2 25 | $139.6M | $609.7K | ||
| Q1 25 | $38.7M | $803.7K | ||
| Q4 24 | $221.9M | $2.4M | ||
| Q3 24 | $195.9M | — | ||
| Q2 24 | $57.4M | $1.9M | ||
| Q1 24 | $106.6M | — |
自由现金流AOSNTIC
| Q4 25 | $165.5M | $-479.7K | ||
| Q3 25 | $240.6M | $-1.4M | ||
| Q2 25 | $122.5M | $-171.2K | ||
| Q1 25 | $17.4M | $293.1K | ||
| Q4 24 | $191.3M | $1.2M | ||
| Q3 24 | $163.4M | — | ||
| Q2 24 | $34.5M | $869.4K | ||
| Q1 24 | $84.6M | — |
自由现金流率AOSNTIC
| Q4 25 | 18.1% | -2.1% | ||
| Q3 25 | 25.5% | -6.3% | ||
| Q2 25 | 12.1% | -0.8% | ||
| Q1 25 | 1.8% | 1.5% | ||
| Q4 24 | 21.0% | 5.5% | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 3.4% | 4.2% | ||
| Q1 24 | 8.6% | — |
资本支出强度AOSNTIC
| Q4 25 | 1.9% | 3.5% | ||
| Q3 25 | 1.6% | 0.2% | ||
| Q2 25 | 1.7% | 3.6% | ||
| Q1 25 | 2.2% | 2.7% | ||
| Q4 24 | 3.4% | 5.7% | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 2.2% | 5.2% | ||
| Q1 24 | 2.2% | — |
现金转化率AOSNTIC
| Q4 25 | 1.46× | 1.44× | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | 5.01× | ||
| Q1 25 | 0.28× | 1.85× | ||
| Q4 24 | 2.02× | 4.27× | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | 1.99× | ||
| 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% |
NTIC
| Inside The USA To Unaffiliated Customers | $7.5M | 32% |
| Natur Tec | $6.0M | 26% |
| Acobal | $3.6M | 15% |
| Other | $2.7M | 12% |
| BR | $2.1M | 9% |
| Zerust OY | $1.4M | 6% |
