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A.O.史密斯（AOS）与Optex Systems Holdings Inc（OPXS）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Optex Systems Holdings Inc的99.8倍（$912.5M vs $9.1M）。A.O.史密斯净利率更高（13.7% vs 2.6%，领先11.1%）。Optex Systems Holdings Inc同比增速更快（11.6% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $-548.0K）。过去两年Optex Systems Holdings Inc的营收复合增速更高（3.6% 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。
Optex Systems Holdings Inc.是一家专业光学光电产品制造商，主营高性能军用瞄准系统、激光防护方案、精密光学组件等产品，主要服务于国防、航空航天及工业制造领域，客户遍布全球多个国家和地区。
AOS vs OPXS — 直观对比
营收规模更大
AOS
是对方的99.8倍
$9.1M
营收增速更快
OPXS
高出11.5%
0.0%
净利率更高
AOS
高出11.1%
2.6%
自由现金流更多
AOS
多$166.0M
$-548.0K
两年增速更快
OPXS
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $9.1M |
| 净利润 | $125.4M | $242.0K |
| 毛利率 | 38.4% | 22.9% |
| 营业利润率 | 17.9% | 1.6% |
| 净利率 | 13.7% | 2.6% |
| 营收同比 | 0.0% | 11.6% |
| 净利润同比 | 14.3% | -71.3% |
| 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AOSOPXS
| Q4 25 | $912.5M | $9.1M | ||
| Q3 25 | $942.5M | $11.3M | ||
| Q2 25 | $1.0B | $11.1M | ||
| Q1 25 | $963.9M | $10.7M | ||
| Q4 24 | $912.4M | $8.2M | ||
| Q3 24 | $902.6M | $9.4M | ||
| Q2 24 | $1.0B | $9.1M | ||
| Q1 24 | $978.8M | $8.5M |
净利润AOSOPXS
| Q4 25 | $125.4M | $242.0K | ||
| Q3 25 | $132.0M | $1.0M | ||
| Q2 25 | $152.2M | $1.5M | ||
| Q1 25 | $136.6M | $1.8M | ||
| Q4 24 | $109.7M | $844.0K | ||
| Q3 24 | $120.1M | $1.0M | ||
| Q2 24 | $156.2M | $1.3M | ||
| Q1 24 | $147.6M | $1.1M |
毛利率AOSOPXS
| Q4 25 | 38.4% | 22.9% | ||
| Q3 25 | 38.7% | 30.1% | ||
| Q2 25 | 39.3% | 28.5% | ||
| Q1 25 | 38.9% | 31.3% | ||
| Q4 24 | 37.1% | 26.0% | ||
| Q3 24 | 37.4% | 25.5% | ||
| Q2 24 | 38.7% | 31.8% | ||
| Q1 24 | 39.3% | 30.0% |
营业利润率AOSOPXS
| Q4 25 | 17.9% | 1.6% | ||
| Q3 25 | 18.6% | 18.3% | ||
| Q2 25 | 20.4% | 17.2% | ||
| Q1 25 | 19.1% | 20.8% | ||
| Q4 24 | 10.1% | 11.2% | ||
| Q3 24 | 19.5% | 13.7% | ||
| Q2 24 | 21.9% | 17.8% | ||
| Q1 24 | 22.0% | 15.9% |
净利率AOSOPXS
| Q4 25 | 13.7% | 2.6% | ||
| Q3 25 | 14.0% | 9.1% | ||
| Q2 25 | 15.0% | 13.6% | ||
| Q1 25 | 14.2% | 16.5% | ||
| Q4 24 | 12.0% | 10.3% | ||
| Q3 24 | 13.3% | 10.7% | ||
| Q2 24 | 15.2% | 13.9% | ||
| Q1 24 | 15.1% | 12.5% |
每股收益（稀释后）AOSOPXS
| Q4 25 | $0.89 | $0.03 | ||
| Q3 25 | $0.94 | $0.14 | ||
| Q2 25 | $1.07 | $0.22 | ||
| Q1 25 | $0.95 | $0.26 | ||
| Q4 24 | $0.75 | $0.12 | ||
| Q3 24 | $0.82 | $0.15 | ||
| Q2 24 | $1.06 | $0.18 | ||
| Q1 24 | $1.00 | $0.16 |
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 | $5.8M |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $24.7M |
| 总资产 | $3.1B | $30.2M |
| 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AOSOPXS
| Q4 25 | $193.2M | $5.8M | ||
| Q3 25 | $172.8M | $6.4M | ||
| Q2 25 | $177.9M | $4.9M | ||
| Q1 25 | $200.2M | $3.5M | ||
| Q4 24 | $276.1M | $2.5M | ||
| Q3 24 | $255.6M | $1.0M | ||
| Q2 24 | $233.3M | $486.0K | ||
| Q1 24 | $303.1M | $321.0K |
总债务AOSOPXS
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSOPXS
| Q4 25 | $1.9B | $24.7M | ||
| Q3 25 | $1.8B | $24.3M | ||
| Q2 25 | $1.8B | $23.1M | ||
| Q1 25 | $1.9B | $21.6M | ||
| Q4 24 | $1.9B | $19.7M | ||
| Q3 24 | $1.9B | $18.8M | ||
| Q2 24 | $1.9B | $17.7M | ||
| Q1 24 | $1.9B | $16.5M |
总资产AOSOPXS
| Q4 25 | $3.1B | $30.2M | ||
| Q3 25 | $3.2B | $30.1M | ||
| Q2 25 | $3.2B | $29.2M | ||
| Q1 25 | $3.3B | $27.5M | ||
| Q4 24 | $3.2B | $24.8M | ||
| Q3 24 | $3.2B | $25.5M | ||
| Q2 24 | $3.2B | $24.9M | ||
| Q1 24 | $3.2B | $23.8M |
负债/权益比AOSOPXS
| 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 | $-92.0K |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $-548.0K |
| 自由现金流率自由现金流/营收 | 18.1% | -6.0% |
| 资本支出强度资本支出/营收 | 1.9% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.46× | -0.38× |
| 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AOSOPXS
| Q4 25 | $183.1M | $-92.0K | ||
| Q3 25 | $255.4M | $1.6M | ||
| Q2 25 | $139.6M | $1.4M | ||
| Q1 25 | $38.7M | $1.2M | ||
| Q4 24 | $221.9M | $2.8M | ||
| Q3 24 | $195.9M | $753.0K | ||
| Q2 24 | $57.4M | $50.0K | ||
| Q1 24 | $106.6M | $-1.3M |
自由现金流AOSOPXS
| Q4 25 | $165.5M | $-548.0K | ||
| Q3 25 | $240.6M | $1.5M | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $17.4M | $1.1M | ||
| Q4 24 | $191.3M | $2.5M | ||
| Q3 24 | $163.4M | $545.0K | ||
| Q2 24 | $34.5M | $-256.0K | ||
| Q1 24 | $84.6M | $-1.4M |
自由现金流率AOSOPXS
| Q4 25 | 18.1% | -6.0% | ||
| Q3 25 | 25.5% | 13.5% | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 1.8% | 9.8% | ||
| Q4 24 | 21.0% | 30.3% | ||
| Q3 24 | 18.1% | 5.8% | ||
| Q2 24 | 3.4% | -2.8% | ||
| Q1 24 | 8.6% | -16.3% |
资本支出强度AOSOPXS
| Q4 25 | 1.9% | 5.0% | ||
| Q3 25 | 1.6% | 0.4% | ||
| Q2 25 | 1.7% | 0.0% | ||
| Q1 25 | 2.2% | 1.2% | ||
| Q4 24 | 3.4% | 3.9% | ||
| Q3 24 | 3.6% | 2.2% | ||
| Q2 24 | 2.2% | 3.4% | ||
| Q1 24 | 2.2% | 1.3% |
现金转化率AOSOPXS
| Q4 25 | 1.46× | -0.38× | ||
| Q3 25 | 1.93× | 1.52× | ||
| Q2 25 | 0.92× | 0.92× | ||
| Q1 25 | 0.28× | 0.67× | ||
| Q4 24 | 2.02× | 3.32× | ||
| Q3 24 | 1.63× | 0.74× | ||
| Q2 24 | 0.37× | 0.04× | ||
| Q1 24 | 0.72× | -1.20× |
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% |
OPXS
| Optex Systems OPX Richardson Texas | $5.3M | 58% |
| Applied Optics Center AOC Dallas | $4.0M | 44% |
