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A.O.史密斯（AOS）与Quest Resource Holding Corp（QRHC）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Quest Resource Holding Corp的15.5倍（$912.5M vs $58.9M）。A.O.史密斯净利率更高（13.7% vs -2.8%，领先16.6%）。A.O.史密斯同比增速更快（0.0% vs -15.8%）。A.O.史密斯自由现金流更多（$165.5M vs $1.0M）。过去两年A.O.史密斯的营收复合增速更高（-3.4% vs -10.0%）
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。
Quest Resource Holding Corp是北美地区的可持续发展及废弃物管理服务提供商，面向商业、工业及零售客户提供一体化废弃物回收、资源化利用解决方案，帮助企业减少废弃物排放、降低运营成本，达成既定环保目标。
AOS vs QRHC — 直观对比
营收规模更大
AOS
是对方的15.5倍
$58.9M
营收增速更快
AOS
高出15.8%
-15.8%
净利率更高
AOS
高出16.6%
-2.8%
自由现金流更多
AOS
多$164.5M
$1.0M
两年增速更快
AOS
近两年复合增速
-10.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $58.9M |
| 净利润 | $125.4M | $-1.7M |
| 毛利率 | 38.4% | 15.5% |
| 营业利润率 | 17.9% | 0.9% |
| 净利率 | 13.7% | -2.8% |
| 营收同比 | 0.0% | -15.8% |
| 净利润同比 | 14.3% | 82.6% |
| 每股收益（稀释后） | $0.89 | $-0.08 |
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AOSQRHC
| Q4 25 | $912.5M | $58.9M | ||
| Q3 25 | $942.5M | $63.3M | ||
| Q2 25 | $1.0B | $59.5M | ||
| Q1 25 | $963.9M | $68.4M | ||
| Q4 24 | $912.4M | $70.0M | ||
| Q3 24 | $902.6M | $72.8M | ||
| Q2 24 | $1.0B | $73.1M | ||
| Q1 24 | $978.8M | $72.7M |
净利润AOSQRHC
| Q4 25 | $125.4M | $-1.7M | ||
| Q3 25 | $132.0M | $-1.3M | ||
| Q2 25 | $152.2M | $-2.0M | ||
| Q1 25 | $136.6M | $-10.4M | ||
| Q4 24 | $109.7M | $-9.5M | ||
| Q3 24 | $120.1M | $-3.4M | ||
| Q2 24 | $156.2M | $-1.5M | ||
| Q1 24 | $147.6M | $-655.0K |
毛利率AOSQRHC
| Q4 25 | 38.4% | 15.5% | ||
| Q3 25 | 38.7% | 18.1% | ||
| Q2 25 | 39.3% | 18.5% | ||
| Q1 25 | 38.9% | 16.0% | ||
| Q4 24 | 37.1% | 15.3% | ||
| Q3 24 | 37.4% | 16.1% | ||
| Q2 24 | 38.7% | 18.5% | ||
| Q1 24 | 39.3% | 19.3% |
营业利润率AOSQRHC
| Q4 25 | 17.9% | 0.9% | ||
| Q3 25 | 18.6% | 1.7% | ||
| Q2 25 | 20.4% | 0.6% | ||
| Q1 25 | 19.1% | -11.9% | ||
| Q4 24 | 10.1% | -10.3% | ||
| Q3 24 | 19.5% | -1.3% | ||
| Q2 24 | 21.9% | 2.4% | ||
| Q1 24 | 22.0% | 2.6% |
净利率AOSQRHC
| Q4 25 | 13.7% | -2.8% | ||
| Q3 25 | 14.0% | -2.1% | ||
| Q2 25 | 15.0% | -3.3% | ||
| Q1 25 | 14.2% | -15.2% | ||
| Q4 24 | 12.0% | -13.6% | ||
| Q3 24 | 13.3% | -4.7% | ||
| Q2 24 | 15.2% | -2.1% | ||
| Q1 24 | 15.1% | -0.9% |
每股收益（稀释后）AOSQRHC
| Q4 25 | $0.89 | $-0.08 | ||
| Q3 25 | $0.94 | $-0.06 | ||
| Q2 25 | $1.07 | $-0.09 | ||
| Q1 25 | $0.95 | $-0.50 | ||
| Q4 24 | $0.75 | $-0.47 | ||
| Q3 24 | $0.82 | $-0.16 | ||
| Q2 24 | $1.06 | $-0.07 | ||
| Q1 24 | $1.00 | $-0.03 |
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 | $1.0M |
| 总债务越低越好 | $155.0M | $64.0M |
| 股东权益账面价值 | $1.9B | $40.5M |
| 总资产 | $3.1B | $145.6M |
| 负债/权益比越低杠杆越低 | 0.08× | 1.58× |
8季度趋势，按日历期对齐
现金及短期投资AOSQRHC
| Q4 25 | $193.2M | $1.0M | ||
| Q3 25 | $172.8M | $1.1M | ||
| Q2 25 | $177.9M | $449.0K | ||
| Q1 25 | $200.2M | $1.4M | ||
| Q4 24 | $276.1M | $396.0K | ||
| Q3 24 | $255.6M | $1.1M | ||
| Q2 24 | $233.3M | $957.5K | ||
| Q1 24 | $303.1M | $581.1K |
总债务AOSQRHC
| Q4 25 | $155.0M | $64.0M | ||
| Q3 25 | — | $65.4M | ||
| Q2 25 | — | $69.7M | ||
| Q1 25 | — | $74.1M | ||
| Q4 24 | $193.2M | $76.3M | ||
| Q3 24 | — | $71.9M | ||
| Q2 24 | — | $70.7M | ||
| Q1 24 | — | $68.5M |
股东权益AOSQRHC
| Q4 25 | $1.9B | $40.5M | ||
| Q3 25 | $1.8B | $42.0M | ||
| Q2 25 | $1.8B | $42.9M | ||
| Q1 25 | $1.9B | $44.4M | ||
| Q4 24 | $1.9B | $54.2M | ||
| Q3 24 | $1.9B | $62.8M | ||
| Q2 24 | $1.9B | $65.6M | ||
| Q1 24 | $1.9B | $66.3M |
总资产AOSQRHC
| Q4 25 | $3.1B | $145.6M | ||
| Q3 25 | $3.2B | $149.3M | ||
| Q2 25 | $3.2B | $153.1M | ||
| Q1 25 | $3.3B | $165.7M | ||
| Q4 24 | $3.2B | $175.6M | ||
| Q3 24 | $3.2B | $178.2M | ||
| Q2 24 | $3.2B | $181.8M | ||
| Q1 24 | $3.2B | $179.0M |
负债/权益比AOSQRHC
| Q4 25 | 0.08× | 1.58× | ||
| Q3 25 | — | 1.56× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.67× | ||
| Q4 24 | 0.10× | 1.41× | ||
| Q3 24 | — | 1.15× | ||
| Q2 24 | — | 1.08× | ||
| Q1 24 | — | 1.03× |
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 | $1.1M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $1.0M |
| 自由现金流率自由现金流/营收 | 18.1% | 1.7% |
| 资本支出强度资本支出/营收 | 1.9% | 0.1% |
| 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 | $9.3M |
8季度趋势，按日历期对齐
经营现金流AOSQRHC
| Q4 25 | $183.1M | $1.1M | ||
| Q3 25 | $255.4M | $5.7M | ||
| Q2 25 | $139.6M | $3.9M | ||
| Q1 25 | $38.7M | $-1.1M | ||
| Q4 24 | $221.9M | $-4.8M | ||
| Q3 24 | $195.9M | $-475.0K | ||
| Q2 24 | $57.4M | $808.0K | ||
| Q1 24 | $106.6M | $-1.7M |
自由现金流AOSQRHC
| Q4 25 | $165.5M | $1.0M | ||
| Q3 25 | $240.6M | $5.6M | ||
| Q2 25 | $122.5M | $3.9M | ||
| Q1 25 | $17.4M | $-1.2M | ||
| Q4 24 | $191.3M | $-5.2M | ||
| Q3 24 | $163.4M | $-583.0K | ||
| Q2 24 | $34.5M | $-1.4M | ||
| Q1 24 | $84.6M | $-3.6M |
自由现金流率AOSQRHC
| Q4 25 | 18.1% | 1.7% | ||
| Q3 25 | 25.5% | 8.9% | ||
| Q2 25 | 12.1% | 6.5% | ||
| Q1 25 | 1.8% | -1.8% | ||
| Q4 24 | 21.0% | -7.4% | ||
| Q3 24 | 18.1% | -0.8% | ||
| Q2 24 | 3.4% | -2.0% | ||
| Q1 24 | 8.6% | -4.9% |
资本支出强度AOSQRHC
| Q4 25 | 1.9% | 0.1% | ||
| Q3 25 | 1.6% | 0.0% | ||
| Q2 25 | 1.7% | 0.0% | ||
| Q1 25 | 2.2% | 0.2% | ||
| Q4 24 | 3.4% | 0.6% | ||
| Q3 24 | 3.6% | 0.1% | ||
| Q2 24 | 2.2% | 3.1% | ||
| Q1 24 | 2.2% | 2.6% |
现金转化率AOSQRHC
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.72× | — |
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% |
QRHC
| Services | $55.8M | 95% |
| Product Sales And Other | $3.1M | 5% |
