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A.O.史密斯（AOS）与Proto Labs Inc（PRLB）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Proto Labs Inc的6.7倍（$912.5M vs $136.5M）。Proto Labs Inc同比增速更快（12.1% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $8.4M）。过去两年Proto Labs Inc的营收复合增速更高（3.3% 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。
Proto Labs是一家提供快速制造服务的企业，可通过3D打印、CNC加工、钣金加工以及注塑成型工艺，为客户生产用于原型制作和量产的定制零部件，产品广泛应用于医疗设备、航空航天、电子、家电、汽车、消费品等多个领域，公司总部位于美国明尼苏达州，在美国多地设有生产基地。
AOS vs PRLB — 直观对比
营收规模更大
AOS
是对方的6.7倍
$136.5M
营收增速更快
PRLB
高出12.1%
0.0%
自由现金流更多
AOS
多$157.1M
$8.4M
两年增速更快
PRLB
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $136.5M |
| 净利润 | $125.4M | — |
| 毛利率 | 38.4% | 44.2% |
| 营业利润率 | 17.9% | 5.0% |
| 净利率 | 13.7% | — |
| 营收同比 | 0.0% | 12.1% |
| 净利润同比 | 14.3% | — |
| 每股收益（稀释后） | $0.89 | $0.25 |
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AOSPRLB
| Q4 25 | $912.5M | $136.5M | ||
| Q3 25 | $942.5M | $135.4M | ||
| Q2 25 | $1.0B | $135.1M | ||
| Q1 25 | $963.9M | $126.2M | ||
| Q4 24 | $912.4M | $121.8M | ||
| Q3 24 | $902.6M | $125.6M | ||
| Q2 24 | $1.0B | $125.6M | ||
| Q1 24 | $978.8M | $127.9M |
净利润AOSPRLB
| Q4 25 | $125.4M | — | ||
| Q3 25 | $132.0M | $7.2M | ||
| Q2 25 | $152.2M | $4.4M | ||
| Q1 25 | $136.6M | $3.6M | ||
| Q4 24 | $109.7M | — | ||
| Q3 24 | $120.1M | $7.2M | ||
| Q2 24 | $156.2M | $4.5M | ||
| Q1 24 | $147.6M | $5.3M |
毛利率AOSPRLB
| Q4 25 | 38.4% | 44.2% | ||
| Q3 25 | 38.7% | 45.3% | ||
| Q2 25 | 39.3% | 44.3% | ||
| Q1 25 | 38.9% | 44.1% | ||
| Q4 24 | 37.1% | 42.7% | ||
| Q3 24 | 37.4% | 45.6% | ||
| Q2 24 | 38.7% | 45.0% | ||
| Q1 24 | 39.3% | 44.9% |
营业利润率AOSPRLB
| Q4 25 | 17.9% | 5.0% | ||
| Q3 25 | 18.6% | 6.5% | ||
| Q2 25 | 20.4% | 3.7% | ||
| Q1 25 | 19.1% | 3.6% | ||
| Q4 24 | 10.1% | -1.2% | ||
| Q3 24 | 19.5% | 6.8% | ||
| Q2 24 | 21.9% | 4.8% | ||
| Q1 24 | 22.0% | 5.3% |
净利率AOSPRLB
| Q4 25 | 13.7% | — | ||
| Q3 25 | 14.0% | 5.3% | ||
| Q2 25 | 15.0% | 3.3% | ||
| Q1 25 | 14.2% | 2.9% | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 13.3% | 5.7% | ||
| Q2 24 | 15.2% | 3.6% | ||
| Q1 24 | 15.1% | 4.1% |
每股收益（稀释后）AOSPRLB
| Q4 25 | $0.89 | $0.25 | ||
| Q3 25 | $0.94 | $0.30 | ||
| Q2 25 | $1.07 | $0.18 | ||
| Q1 25 | $0.95 | $0.15 | ||
| Q4 24 | $0.75 | $-0.01 | ||
| Q3 24 | $0.82 | $0.29 | ||
| Q2 24 | $1.06 | $0.18 | ||
| Q1 24 | $1.00 | $0.20 |
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 | $128.1M |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $673.9M |
| 总资产 | $3.1B | $763.4M |
| 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AOSPRLB
| Q4 25 | $193.2M | $128.1M | ||
| Q3 25 | $172.8M | $119.2M | ||
| Q2 25 | $177.9M | $103.2M | ||
| Q1 25 | $200.2M | $96.8M | ||
| Q4 24 | $276.1M | $103.1M | ||
| Q3 24 | $255.6M | $100.5M | ||
| Q2 24 | $233.3M | $112.9M | ||
| Q1 24 | $303.1M | $109.7M |
总债务AOSPRLB
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSPRLB
| Q4 25 | $1.9B | $673.9M | ||
| Q3 25 | $1.8B | $664.7M | ||
| Q2 25 | $1.8B | $664.7M | ||
| Q1 25 | $1.9B | $656.8M | ||
| Q4 24 | $1.9B | $670.2M | ||
| Q3 24 | $1.9B | $680.0M | ||
| Q2 24 | $1.9B | $685.2M | ||
| Q1 24 | $1.9B | $687.3M |
总资产AOSPRLB
| Q4 25 | $3.1B | $763.4M | ||
| Q3 25 | $3.2B | $756.9M | ||
| Q2 25 | $3.2B | $743.3M | ||
| Q1 25 | $3.3B | $737.5M | ||
| Q4 24 | $3.2B | $743.5M | ||
| Q3 24 | $3.2B | $753.8M | ||
| Q2 24 | $3.2B | $758.2M | ||
| Q1 24 | $3.2B | $769.8M |
负债/权益比AOSPRLB
| 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 | $16.5M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $8.4M |
| 自由现金流率自由现金流/营收 | 18.1% | 6.2% |
| 资本支出强度资本支出/营收 | 1.9% | 5.9% |
| 现金转化率经营现金流/净利润 | 1.46× | — |
| 过去12个月自由现金流最近4个季度 | $546.0M | $59.7M |
8季度趋势，按日历期对齐
经营现金流AOSPRLB
| Q4 25 | $183.1M | $16.5M | ||
| Q3 25 | $255.4M | $29.1M | ||
| Q2 25 | $139.6M | $10.6M | ||
| Q1 25 | $38.7M | $18.4M | ||
| Q4 24 | $221.9M | $17.3M | ||
| Q3 24 | $195.9M | $24.8M | ||
| Q2 24 | $57.4M | $14.4M | ||
| Q1 24 | $106.6M | $21.3M |
自由现金流AOSPRLB
| Q4 25 | $165.5M | $8.4M | ||
| Q3 25 | $240.6M | $25.0M | ||
| Q2 25 | $122.5M | $9.1M | ||
| Q1 25 | $17.4M | $17.1M | ||
| Q4 24 | $191.3M | $16.5M | ||
| Q3 24 | $163.4M | $23.2M | ||
| Q2 24 | $34.5M | $10.2M | ||
| Q1 24 | $84.6M | $18.8M |
自由现金流率AOSPRLB
| Q4 25 | 18.1% | 6.2% | ||
| Q3 25 | 25.5% | 18.5% | ||
| Q2 25 | 12.1% | 6.7% | ||
| Q1 25 | 1.8% | 13.6% | ||
| Q4 24 | 21.0% | 13.5% | ||
| Q3 24 | 18.1% | 18.5% | ||
| Q2 24 | 3.4% | 8.2% | ||
| Q1 24 | 8.6% | 14.7% |
资本支出强度AOSPRLB
| Q4 25 | 1.9% | 5.9% | ||
| Q3 25 | 1.6% | 3.0% | ||
| Q2 25 | 1.7% | 1.1% | ||
| Q1 25 | 2.2% | 1.0% | ||
| Q4 24 | 3.4% | 0.7% | ||
| Q3 24 | 3.6% | 1.2% | ||
| Q2 24 | 2.2% | 3.3% | ||
| Q1 24 | 2.2% | 2.0% |
现金转化率AOSPRLB
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | 4.03× | ||
| Q2 25 | 0.92× | 2.39× | ||
| Q1 25 | 0.28× | 5.11× | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | 3.44× | ||
| Q2 24 | 0.37× | 3.18× | ||
| Q1 24 | 0.72× | 4.05× |
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% |
PRLB
| CNC Machining Firstcut | $65.5M | 48% |
| Injection Molding Protomold | $47.6M | 35% |
| Three D Printing Fineline | $18.8M | 14% |
| Sheet Metal | $4.4M | 3% |
