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A.O.史密斯（AOS）与POWER SOLUTIONS INTERNATIONAL, INC.（PSIX）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POWER SOLUTIONS INTERNATIONAL, INC.的4.8倍（$912.5M vs $191.2M）。A.O.史密斯净利率更高（13.7% vs 8.4%，领先5.3%）。POWER SOLUTIONS INTERNATIONAL, INC.同比增速更快（32.5% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $-7.6M）。过去两年POWER SOLUTIONS INTERNATIONAL, INC.的营收复合增速更高（41.7% 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。
阿达尼能源解决方案有限公司（前身为阿达尼输电有限公司）是一家电力输配企业，总部位于艾哈迈达巴德。截至2025年4月，公司累计输电网络总长26696回路公里，是印度规模最大的民营输电企业之一。
AOS vs PSIX — 直观对比
营收规模更大
AOS
是对方的4.8倍
$191.2M
营收增速更快
PSIX
高出32.5%
0.0%
净利率更高
AOS
高出5.3%
8.4%
自由现金流更多
AOS
多$173.1M
$-7.6M
两年增速更快
PSIX
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $191.2M |
| 净利润 | $125.4M | $16.1M |
| 毛利率 | 38.4% | 21.9% |
| 营业利润率 | 17.9% | 12.7% |
| 净利率 | 13.7% | 8.4% |
| 营收同比 | 0.0% | 32.5% |
| 净利润同比 | 14.3% | -31.0% |
| 每股收益（稀释后） | $0.89 | $0.69 |
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AOSPSIX
| Q4 25 | $912.5M | $191.2M | ||
| Q3 25 | $942.5M | $203.8M | ||
| Q2 25 | $1.0B | $191.9M | ||
| Q1 25 | $963.9M | $135.4M | ||
| Q4 24 | $912.4M | $144.3M | ||
| Q3 24 | $902.6M | $125.8M | ||
| Q2 24 | $1.0B | $110.6M | ||
| Q1 24 | $978.8M | $95.2M |
净利润AOSPSIX
| Q4 25 | $125.4M | $16.1M | ||
| Q3 25 | $132.0M | $27.6M | ||
| Q2 25 | $152.2M | $51.2M | ||
| Q1 25 | $136.6M | $19.1M | ||
| Q4 24 | $109.7M | $23.3M | ||
| Q3 24 | $120.1M | $17.3M | ||
| Q2 24 | $156.2M | $21.5M | ||
| Q1 24 | $147.6M | $7.1M |
毛利率AOSPSIX
| Q4 25 | 38.4% | 21.9% | ||
| Q3 25 | 38.7% | 23.9% | ||
| Q2 25 | 39.3% | 28.2% | ||
| Q1 25 | 38.9% | 29.7% | ||
| Q4 24 | 37.1% | 29.9% | ||
| Q3 24 | 37.4% | 28.9% | ||
| Q2 24 | 38.7% | 31.8% | ||
| Q1 24 | 39.3% | 27.0% |
营业利润率AOSPSIX
| Q4 25 | 17.9% | 12.7% | ||
| Q3 25 | 18.6% | 13.9% | ||
| Q2 25 | 20.4% | 16.9% | ||
| Q1 25 | 19.1% | 18.2% | ||
| Q4 24 | 10.1% | 17.5% | ||
| Q3 24 | 19.5% | 16.3% | ||
| Q2 24 | 21.9% | 22.9% | ||
| Q1 24 | 22.0% | 11.2% |
净利率AOSPSIX
| Q4 25 | 13.7% | 8.4% | ||
| Q3 25 | 14.0% | 13.5% | ||
| Q2 25 | 15.0% | 26.7% | ||
| Q1 25 | 14.2% | 14.1% | ||
| Q4 24 | 12.0% | 16.1% | ||
| Q3 24 | 13.3% | 13.8% | ||
| Q2 24 | 15.2% | 19.5% | ||
| Q1 24 | 15.1% | 7.5% |
每股收益（稀释后）AOSPSIX
| Q4 25 | $0.89 | $0.69 | ||
| Q3 25 | $0.94 | $1.20 | ||
| Q2 25 | $1.07 | $2.22 | ||
| Q1 25 | $0.95 | $0.83 | ||
| Q4 24 | $0.75 | $1.01 | ||
| Q3 24 | $0.82 | $0.75 | ||
| Q2 24 | $1.06 | $0.94 | ||
| Q1 24 | $1.00 | $0.31 |
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 | $41.3M |
| 总债务越低越好 | $155.0M | $96.6M |
| 股东权益账面价值 | $1.9B | $178.6M |
| 总资产 | $3.1B | $424.7M |
| 负债/权益比越低杠杆越低 | 0.08× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资AOSPSIX
| Q4 25 | $193.2M | $41.3M | ||
| Q3 25 | $172.8M | $49.0M | ||
| Q2 25 | $177.9M | $49.5M | ||
| Q1 25 | $200.2M | $50.0M | ||
| Q4 24 | $276.1M | $55.3M | ||
| Q3 24 | $255.6M | $40.5M | ||
| Q2 24 | $233.3M | $28.8M | ||
| Q1 24 | $303.1M | $33.1M |
总债务AOSPSIX
| Q4 25 | $155.0M | $96.6M | ||
| Q3 25 | — | $96.7M | ||
| Q2 25 | — | $1.8M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | $193.2M | $184.0K | ||
| Q3 24 | — | $238.0K | ||
| Q2 24 | — | $292.0K | ||
| Q1 24 | — | $345.0K |
股东权益AOSPSIX
| Q4 25 | $1.9B | $178.6M | ||
| Q3 25 | $1.8B | $162.5M | ||
| Q2 25 | $1.8B | $135.7M | ||
| Q1 25 | $1.9B | $84.3M | ||
| Q4 24 | $1.9B | $65.3M | ||
| Q3 24 | $1.9B | $42.1M | ||
| Q2 24 | $1.9B | $24.8M | ||
| Q1 24 | $1.9B | $3.2M |
总资产AOSPSIX
| Q4 25 | $3.1B | $424.7M | ||
| Q3 25 | $3.2B | $458.9M | ||
| Q2 25 | $3.2B | $437.7M | ||
| Q1 25 | $3.3B | $372.7M | ||
| Q4 24 | $3.2B | $328.2M | ||
| Q3 24 | $3.2B | $339.1M | ||
| Q2 24 | $3.2B | $307.6M | ||
| Q1 24 | $3.2B | $286.8M |
负债/权益比AOSPSIX
| Q4 25 | 0.08× | 0.54× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | 0.10× | 0.00× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | 0.11× |
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 | $-4.6M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $-7.6M |
| 自由现金流率自由现金流/营收 | 18.1% | -4.0% |
| 资本支出强度资本支出/营收 | 1.9% | 1.6% |
| 现金转化率经营现金流/净利润 | 1.46× | -0.29× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $14.1M |
8季度趋势，按日历期对齐
经营现金流AOSPSIX
| Q4 25 | $183.1M | $-4.6M | ||
| Q3 25 | $255.4M | $3.3M | ||
| Q2 25 | $139.6M | $16.7M | ||
| Q1 25 | $38.7M | $8.8M | ||
| Q4 24 | $221.9M | $32.7M | ||
| Q3 24 | $195.9M | $12.6M | ||
| Q2 24 | $57.4M | $1.5M | ||
| Q1 24 | $106.6M | $15.6M |
自由现金流AOSPSIX
| Q4 25 | $165.5M | $-7.6M | ||
| Q3 25 | $240.6M | $1.7M | ||
| Q2 25 | $122.5M | $14.6M | ||
| Q1 25 | $17.4M | $5.4M | ||
| Q4 24 | $191.3M | $30.0M | ||
| Q3 24 | $163.4M | $12.1M | ||
| Q2 24 | $34.5M | $822.0K | ||
| Q1 24 | $84.6M | $14.8M |
自由现金流率AOSPSIX
| Q4 25 | 18.1% | -4.0% | ||
| Q3 25 | 25.5% | 0.8% | ||
| Q2 25 | 12.1% | 7.6% | ||
| Q1 25 | 1.8% | 4.0% | ||
| Q4 24 | 21.0% | 20.8% | ||
| Q3 24 | 18.1% | 9.7% | ||
| Q2 24 | 3.4% | 0.7% | ||
| Q1 24 | 8.6% | 15.6% |
资本支出强度AOSPSIX
| Q4 25 | 1.9% | 1.6% | ||
| Q3 25 | 1.6% | 0.8% | ||
| Q2 25 | 1.7% | 1.1% | ||
| Q1 25 | 2.2% | 2.5% | ||
| Q4 24 | 3.4% | 1.8% | ||
| Q3 24 | 3.6% | 0.3% | ||
| Q2 24 | 2.2% | 0.6% | ||
| Q1 24 | 2.2% | 0.9% |
现金转化率AOSPSIX
| Q4 25 | 1.46× | -0.29× | ||
| Q3 25 | 1.93× | 0.12× | ||
| Q2 25 | 0.92× | 0.33× | ||
| Q1 25 | 0.28× | 0.46× | ||
| Q4 24 | 2.02× | 1.40× | ||
| Q3 24 | 1.63× | 0.73× | ||
| Q2 24 | 0.37× | 0.07× | ||
| Q1 24 | 0.72× | 2.20× |
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% |
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
