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A.O.史密斯（AOS）与PARK OHIO HOLDINGS CORP（PKOH）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PARK OHIO HOLDINGS CORP的2.3倍（$912.5M vs $395.0M）。A.O.史密斯净利率更高（13.7% vs 0.3%，领先13.5%）。PARK OHIO HOLDINGS CORP同比增速更快（1.7% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $36.0M）。过去两年PARK OHIO HOLDINGS CORP的营收复合增速更高（-2.7% 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。
帕克俄亥俄控股集团旗下核心银行为帕克国民银行，集团资产规模达99亿美元，业务覆盖俄亥俄州、肯塔基州北部以及南北卡罗来纳地区。帕克国民银行旗下拥有三家金融关联机构，分别为 Guardian 金融公司、Scope 飞机租赁公司以及 SE 地产控股有限公司，总部坐落于俄亥俄州纽瓦克市。
AOS vs PKOH — 直观对比
营收规模更大
AOS
是对方的2.3倍
$395.0M
营收增速更快
PKOH
高出1.7%
0.0%
净利率更高
AOS
高出13.5%
0.3%
自由现金流更多
AOS
多$129.5M
$36.0M
两年增速更快
PKOH
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $395.0M |
| 净利润 | $125.4M | $1.0M |
| 毛利率 | 38.4% | 17.3% |
| 营业利润率 | 17.9% | 2.5% |
| 净利率 | 13.7% | 0.3% |
| 营收同比 | 0.0% | 1.7% |
| 净利润同比 | 14.3% | 100.0% |
| 每股收益（稀释后） | $0.89 | $0.06 |
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AOSPKOH
| Q4 25 | $912.5M | $395.0M | ||
| Q3 25 | $942.5M | $398.6M | ||
| Q2 25 | $1.0B | $400.1M | ||
| Q1 25 | $963.9M | $405.4M | ||
| Q4 24 | $912.4M | $388.4M | ||
| Q3 24 | $902.6M | $417.6M | ||
| Q2 24 | $1.0B | $432.6M | ||
| Q1 24 | $978.8M | $417.6M |
净利润AOSPKOH
| Q4 25 | $125.4M | $1.0M | ||
| Q3 25 | $132.0M | $5.3M | ||
| Q2 25 | $152.2M | $9.2M | ||
| Q1 25 | $136.6M | $8.3M | ||
| Q4 24 | $109.7M | $500.0K | ||
| Q3 24 | $120.1M | $9.8M | ||
| Q2 24 | $156.2M | $11.9M | ||
| Q1 24 | $147.6M | $9.6M |
毛利率AOSPKOH
| Q4 25 | 38.4% | 17.3% | ||
| Q3 25 | 38.7% | 16.7% | ||
| Q2 25 | 39.3% | 17.0% | ||
| Q1 25 | 38.9% | 16.8% | ||
| Q4 24 | 37.1% | 16.6% | ||
| Q3 24 | 37.4% | 17.3% | ||
| Q2 24 | 38.7% | 16.9% | ||
| Q1 24 | 39.3% | 17.1% |
营业利润率AOSPKOH
| Q4 25 | 17.9% | 2.5% | ||
| Q3 25 | 18.6% | 4.3% | ||
| Q2 25 | 20.4% | 5.0% | ||
| Q1 25 | 19.1% | 4.7% | ||
| Q4 24 | 10.1% | 3.7% | ||
| Q3 24 | 19.5% | 5.7% | ||
| Q2 24 | 21.9% | 5.7% | ||
| Q1 24 | 22.0% | 5.7% |
净利率AOSPKOH
| Q4 25 | 13.7% | 0.3% | ||
| Q3 25 | 14.0% | 1.3% | ||
| Q2 25 | 15.0% | 2.3% | ||
| Q1 25 | 14.2% | 2.0% | ||
| Q4 24 | 12.0% | 0.1% | ||
| Q3 24 | 13.3% | 2.3% | ||
| Q2 24 | 15.2% | 2.8% | ||
| Q1 24 | 15.1% | 2.3% |
每股收益（稀释后）AOSPKOH
| Q4 25 | $0.89 | $0.06 | ||
| Q3 25 | $0.94 | $0.38 | ||
| Q2 25 | $1.07 | $0.66 | ||
| Q1 25 | $0.95 | $0.60 | ||
| Q4 24 | $0.75 | $0.00 | ||
| Q3 24 | $0.82 | $0.73 | ||
| Q2 24 | $1.06 | $0.92 | ||
| Q1 24 | $1.00 | $0.75 |
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 | $44.8M |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $380.9M |
| 总资产 | $3.1B | $1.4B |
| 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AOSPKOH
| Q4 25 | $193.2M | $44.8M | ||
| Q3 25 | $172.8M | $50.8M | ||
| Q2 25 | $177.9M | $45.6M | ||
| Q1 25 | $200.2M | $54.5M | ||
| Q4 24 | $276.1M | $53.1M | ||
| Q3 24 | $255.6M | $59.5M | ||
| Q2 24 | $233.3M | $59.9M | ||
| Q1 24 | $303.1M | $61.6M |
总债务AOSPKOH
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSPKOH
| Q4 25 | $1.9B | $380.9M | ||
| Q3 25 | $1.8B | $374.8M | ||
| Q2 25 | $1.8B | $371.1M | ||
| Q1 25 | $1.9B | $349.2M | ||
| Q4 24 | $1.9B | $330.8M | ||
| Q3 24 | $1.9B | $335.9M | ||
| Q2 24 | $1.9B | $293.8M | ||
| Q1 24 | $1.9B | $288.5M |
总资产AOSPKOH
| Q4 25 | $3.1B | $1.4B | ||
| Q3 25 | $3.2B | $1.4B | ||
| Q2 25 | $3.2B | $1.4B | ||
| Q1 25 | $3.3B | $1.4B | ||
| Q4 24 | $3.2B | $1.4B | ||
| Q3 24 | $3.2B | $1.4B | ||
| Q2 24 | $3.2B | $1.4B | ||
| Q1 24 | $3.2B | $1.4B |
负债/权益比AOSPKOH
| 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 | $48.7M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $36.0M |
| 自由现金流率自由现金流/营收 | 18.1% | 9.1% |
| 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× | 48.70× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $2.0M |
8季度趋势，按日历期对齐
经营现金流AOSPKOH
| Q4 25 | $183.1M | $48.7M | ||
| Q3 25 | $255.4M | $17.3M | ||
| Q2 25 | $139.6M | $-13.7M | ||
| Q1 25 | $38.7M | $-10.0M | ||
| Q4 24 | $221.9M | $26.4M | ||
| Q3 24 | $195.9M | $9.0M | ||
| Q2 24 | $57.4M | $-2.7M | ||
| Q1 24 | $106.6M | $2.3M |
自由现金流AOSPKOH
| Q4 25 | $165.5M | $36.0M | ||
| Q3 25 | $240.6M | $6.6M | ||
| Q2 25 | $122.5M | $-21.1M | ||
| Q1 25 | $17.4M | $-19.5M | ||
| Q4 24 | $191.3M | $17.3M | ||
| Q3 24 | $163.4M | $-100.0K | ||
| Q2 24 | $34.5M | $-10.1M | ||
| Q1 24 | $84.6M | $-3.5M |
自由现金流率AOSPKOH
| Q4 25 | 18.1% | 9.1% | ||
| Q3 25 | 25.5% | 1.7% | ||
| Q2 25 | 12.1% | -5.3% | ||
| Q1 25 | 1.8% | -4.8% | ||
| Q4 24 | 21.0% | 4.5% | ||
| Q3 24 | 18.1% | -0.0% | ||
| Q2 24 | 3.4% | -2.3% | ||
| Q1 24 | 8.6% | -0.8% |
资本支出强度AOSPKOH
| Q4 25 | 1.9% | 3.2% | ||
| Q3 25 | 1.6% | 2.7% | ||
| Q2 25 | 1.7% | 1.8% | ||
| Q1 25 | 2.2% | 2.3% | ||
| Q4 24 | 3.4% | 2.3% | ||
| Q3 24 | 3.6% | 2.2% | ||
| Q2 24 | 2.2% | 1.7% | ||
| Q1 24 | 2.2% | 1.4% |
现金转化率AOSPKOH
| Q4 25 | 1.46× | 48.70× | ||
| Q3 25 | 1.93× | 3.26× | ||
| Q2 25 | 0.92× | -1.49× | ||
| Q1 25 | 0.28× | -1.20× | ||
| Q4 24 | 2.02× | 52.80× | ||
| Q3 24 | 1.63× | 0.92× | ||
| Q2 24 | 0.37× | -0.23× | ||
| Q1 24 | 0.72× | 0.24× |
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% |
PKOH
| Supply Technologies Product | $164.6M | 42% |
| Engineered Products | $116.3M | 29% |
| Fuel Rubber And Plastic Products | $91.6M | 23% |
| Engineered Specialty Products | $22.5M | 6% |
