vs
A.O.史密斯（AOS）与nVent Electric plc（NVT）财务数据对比。点击上方公司名可切换其他公司
nVent Electric plc的季度营收约是A.O.史密斯的1.2倍（$1.1B vs $912.5M）。A.O.史密斯净利率更高（13.7% vs 11.1%，领先2.6%）。nVent Electric plc同比增速更快（127.3% vs 0.0%）。nVent Electric plc自由现金流更多（$165.7M vs $165.5M）。过去两年nVent Electric plc的营收复合增速更高（10.4% 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。
nVent Electric plc是一家源自英美的跨国企业，主营电气连接及外壳类产品。公司集产品设计、生产、销售为一体，同时提供配套运维服务，旗下产品可实现电气系统的连接、防护与管理，覆盖商业、工业、住宅、基建、数据中心等多元应用场景。
AOS vs NVT — 直观对比
营收规模更大
NVT
是对方的1.2倍
$912.5M
营收增速更快
NVT
高出127.3%
0.0%
净利率更高
AOS
高出2.6%
11.1%
自由现金流更多
NVT
多$200.0K
$165.5M
两年增速更快
NVT
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $1.1B |
| 净利润 | $125.4M | $118.8M |
| 毛利率 | 38.4% | 36.5% |
| 营业利润率 | 17.9% | 15.4% |
| 净利率 | 13.7% | 11.1% |
| 营收同比 | 0.0% | 127.3% |
| 净利润同比 | 14.3% | 1010.3% |
| 每股收益（稀释后） | $0.89 | $0.74 |
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AOSNVT
| Q4 25 | $912.5M | $1.1B | ||
| Q3 25 | $942.5M | $1.1B | ||
| Q2 25 | $1.0B | $963.1M | ||
| Q1 25 | $963.9M | $809.3M | ||
| Q4 24 | $912.4M | $469.2M | ||
| Q3 24 | $902.6M | $782.0M | ||
| Q2 24 | $1.0B | $880.3M | ||
| Q1 24 | $978.8M | $874.6M |
净利润AOSNVT
| Q4 25 | $125.4M | $118.8M | ||
| Q3 25 | $132.0M | $121.2M | ||
| Q2 25 | $152.2M | $109.5M | ||
| Q1 25 | $136.6M | $360.7M | ||
| Q4 24 | $109.7M | $10.7M | ||
| Q3 24 | $120.1M | $105.0M | ||
| Q2 24 | $156.2M | $111.0M | ||
| Q1 24 | $147.6M | $105.1M |
毛利率AOSNVT
| Q4 25 | 38.4% | 36.5% | ||
| Q3 25 | 38.7% | 37.4% | ||
| Q2 25 | 39.3% | 38.6% | ||
| Q1 25 | 38.9% | 38.8% | ||
| Q4 24 | 37.1% | 37.1% | ||
| Q3 24 | 37.4% | 39.8% | ||
| Q2 24 | 38.7% | 41.8% | ||
| Q1 24 | 39.3% | 40.6% |
营业利润率AOSNVT
| Q4 25 | 17.9% | 15.4% | ||
| Q3 25 | 18.6% | 15.8% | ||
| Q2 25 | 20.4% | 16.3% | ||
| Q1 25 | 19.1% | 16.1% | ||
| Q4 24 | 10.1% | 14.3% | ||
| Q3 24 | 19.5% | 17.0% | ||
| Q2 24 | 21.9% | 19.1% | ||
| Q1 24 | 22.0% | 18.2% |
净利率AOSNVT
| Q4 25 | 13.7% | 11.1% | ||
| Q3 25 | 14.0% | 11.5% | ||
| Q2 25 | 15.0% | 11.4% | ||
| Q1 25 | 14.2% | 44.6% | ||
| Q4 24 | 12.0% | 2.3% | ||
| Q3 24 | 13.3% | 13.4% | ||
| Q2 24 | 15.2% | 12.6% | ||
| Q1 24 | 15.1% | 12.0% |
每股收益（稀释后）AOSNVT
| Q4 25 | $0.89 | $0.74 | ||
| Q3 25 | $0.94 | $0.74 | ||
| Q2 25 | $1.07 | $0.67 | ||
| Q1 25 | $0.95 | $2.16 | ||
| Q4 24 | $0.75 | $0.07 | ||
| Q3 24 | $0.82 | $0.62 | ||
| Q2 24 | $1.06 | $0.66 | ||
| Q1 24 | $1.00 | $0.62 |
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 | — |
| 总债务越低越好 | $155.0M | $1.6B |
| 股东权益账面价值 | $1.9B | $3.7B |
| 总资产 | $3.1B | $6.9B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资AOSNVT
| Q4 25 | $193.2M | — | ||
| Q3 25 | $172.8M | — | ||
| Q2 25 | $177.9M | — | ||
| Q1 25 | $200.2M | — | ||
| Q4 24 | $276.1M | — | ||
| Q3 24 | $255.6M | — | ||
| Q2 24 | $233.3M | — | ||
| Q1 24 | $303.1M | — |
总债务AOSNVT
| Q4 25 | $155.0M | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $193.2M | $2.2B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.8B |
股东权益AOSNVT
| Q4 25 | $1.9B | $3.7B | ||
| Q3 25 | $1.8B | $3.6B | ||
| Q2 25 | $1.8B | $3.5B | ||
| Q1 25 | $1.9B | $3.6B | ||
| Q4 24 | $1.9B | $3.2B | ||
| Q3 24 | $1.9B | $3.3B | ||
| Q2 24 | $1.9B | $3.3B | ||
| Q1 24 | $1.9B | $3.2B |
总资产AOSNVT
| Q4 25 | $3.1B | $6.9B | ||
| Q3 25 | $3.2B | $6.8B | ||
| Q2 25 | $3.2B | $6.7B | ||
| Q1 25 | $3.3B | $6.7B | ||
| Q4 24 | $3.2B | $6.7B | ||
| Q3 24 | $3.2B | $6.9B | ||
| Q2 24 | $3.2B | $6.2B | ||
| Q1 24 | $3.2B | $6.2B |
负债/权益比AOSNVT
| Q4 25 | 0.08× | 0.42× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | 0.10× | 0.67× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.54× | ||
| Q1 24 | — | 0.55× |
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 | $202.4M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $165.7M |
| 自由现金流率自由现金流/营收 | 18.1% | 15.5% |
| 资本支出强度资本支出/营收 | 1.9% | 3.4% |
| 现金转化率经营现金流/净利润 | 1.46× | 1.70× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $371.9M |
8季度趋势，按日历期对齐
经营现金流AOSNVT
| Q4 25 | $183.1M | $202.4M | ||
| Q3 25 | $255.4M | $219.5M | ||
| Q2 25 | $139.6M | $-16.9M | ||
| Q1 25 | $38.7M | $60.2M | ||
| Q4 24 | $221.9M | $224.6M | ||
| Q3 24 | $195.9M | $197.7M | ||
| Q2 24 | $57.4M | $130.8M | ||
| Q1 24 | $106.6M | $90.0M |
自由现金流AOSNVT
| Q4 25 | $165.5M | $165.7M | ||
| Q3 25 | $240.6M | $200.9M | ||
| Q2 25 | $122.5M | $-33.8M | ||
| Q1 25 | $17.4M | $39.1M | ||
| Q4 24 | $191.3M | $198.1M | ||
| Q3 24 | $163.4M | $184.8M | ||
| Q2 24 | $34.5M | $112.3M | ||
| Q1 24 | $84.6M | $73.9M |
自由现金流率AOSNVT
| Q4 25 | 18.1% | 15.5% | ||
| Q3 25 | 25.5% | 19.1% | ||
| Q2 25 | 12.1% | -3.5% | ||
| Q1 25 | 1.8% | 4.8% | ||
| Q4 24 | 21.0% | 42.2% | ||
| Q3 24 | 18.1% | 23.6% | ||
| Q2 24 | 3.4% | 12.8% | ||
| Q1 24 | 8.6% | 8.4% |
资本支出强度AOSNVT
| Q4 25 | 1.9% | 3.4% | ||
| Q3 25 | 1.6% | 1.8% | ||
| Q2 25 | 1.7% | 1.8% | ||
| Q1 25 | 2.2% | 2.6% | ||
| Q4 24 | 3.4% | 5.6% | ||
| Q3 24 | 3.6% | 1.6% | ||
| Q2 24 | 2.2% | 2.1% | ||
| Q1 24 | 2.2% | 1.8% |
现金转化率AOSNVT
| Q4 25 | 1.46× | 1.70× | ||
| Q3 25 | 1.93× | 1.81× | ||
| Q2 25 | 0.92× | -0.15× | ||
| Q1 25 | 0.28× | 0.17× | ||
| Q4 24 | 2.02× | 20.99× | ||
| Q3 24 | 1.63× | 1.88× | ||
| Q2 24 | 0.37× | 1.18× | ||
| Q1 24 | 0.72× | 0.86× |
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% |
NVT
| Industrial Sector | $554.0M | 52% |
| Electricaland Fastening Solutions Segment | $278.0M | 26% |
| Energy Sector | $235.0M | 22% |
