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A.O.史密斯（AOS）与FreightCar America, Inc.（RAIL）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FreightCar America, Inc.的7.3倍（$912.5M vs $125.5M）。A.O.史密斯净利率更高（13.7% vs -13.2%，领先27.0%）。A.O.史密斯同比增速更快（0.0% vs -8.8%）。A.O.史密斯自由现金流更多（$165.5M vs $8.8M）。过去两年A.O.史密斯的营收复合增速更高（-3.4% vs -11.7%）
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。
货运车美国公司是铁路行业货运车厢制造商，全球约有2000名雇员，核心生产基地设在墨西哥卡斯塔诺斯，厂区面积达70万平方英尺。此外，公司总部设于芝加哥，在宾夕法尼亚州约翰斯顿设有工程与零部件厂区，主要为铁路领域提供专业货运车厢产品。
AOS vs RAIL — 直观对比
营收规模更大
AOS
是对方的7.3倍
$125.5M
营收增速更快
AOS
高出8.8%
-8.8%
净利率更高
AOS
高出27.0%
-13.2%
自由现金流更多
AOS
多$156.7M
$8.8M
两年增速更快
AOS
近两年复合增速
-11.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $125.5M |
| 净利润 | $125.4M | $-16.6M |
| 毛利率 | 38.4% | 13.4% |
| 营业利润率 | 17.9% | 6.2% |
| 净利率 | 13.7% | -13.2% |
| 营收同比 | 0.0% | -8.8% |
| 净利润同比 | 14.3% | -147.9% |
| 每股收益（稀释后） | $0.89 | $-0.54 |
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AOSRAIL
| Q4 25 | $912.5M | $125.5M | ||
| Q3 25 | $942.5M | $160.4M | ||
| Q2 25 | $1.0B | $118.5M | ||
| Q1 25 | $963.9M | $96.2M | ||
| Q4 24 | $912.4M | $137.6M | ||
| Q3 24 | $902.6M | $113.2M | ||
| Q2 24 | $1.0B | $146.0M | ||
| Q1 24 | $978.8M | $160.9M |
净利润AOSRAIL
| Q4 25 | $125.4M | $-16.6M | ||
| Q3 25 | $132.0M | $-7.4M | ||
| Q2 25 | $152.2M | $11.7M | ||
| Q1 25 | $136.6M | $50.4M | ||
| Q4 24 | $109.7M | $34.6M | ||
| Q3 24 | $120.1M | $-107.0M | ||
| Q2 24 | $156.2M | $8.2M | ||
| Q1 24 | $147.6M | $-11.6M |
毛利率AOSRAIL
| Q4 25 | 38.4% | 13.4% | ||
| Q3 25 | 38.7% | 15.1% | ||
| Q2 25 | 39.3% | 15.0% | ||
| Q1 25 | 38.9% | 15.0% | ||
| Q4 24 | 37.1% | 15.3% | ||
| Q3 24 | 37.4% | 14.3% | ||
| Q2 24 | 38.7% | 12.6% | ||
| Q1 24 | 39.3% | 7.1% |
营业利润率AOSRAIL
| Q4 25 | 17.9% | 6.2% | ||
| Q3 25 | 18.6% | 9.1% | ||
| Q2 25 | 20.4% | 6.5% | ||
| Q1 25 | 19.1% | 4.0% | ||
| Q4 24 | 10.1% | 8.5% | ||
| Q3 24 | 19.5% | 7.6% | ||
| Q2 24 | 21.9% | 9.0% | ||
| Q1 24 | 22.0% | 2.4% |
净利率AOSRAIL
| Q4 25 | 13.7% | -13.2% | ||
| Q3 25 | 14.0% | -4.6% | ||
| Q2 25 | 15.0% | 9.9% | ||
| Q1 25 | 14.2% | 52.4% | ||
| Q4 24 | 12.0% | 25.2% | ||
| Q3 24 | 13.3% | -94.6% | ||
| Q2 24 | 15.2% | 5.6% | ||
| Q1 24 | 15.1% | -7.2% |
每股收益（稀释后）AOSRAIL
| Q4 25 | $0.89 | $-0.54 | ||
| Q3 25 | $0.94 | $-0.23 | ||
| Q2 25 | $1.07 | $0.34 | ||
| Q1 25 | $0.95 | $1.52 | ||
| Q4 24 | $0.75 | $0.88 | ||
| Q3 24 | $0.82 | $-3.57 | ||
| Q2 24 | $1.06 | $0.11 | ||
| Q1 24 | $1.00 | $-0.54 |
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 | — |
| 总债务越低越好 | $155.0M | $107.2M |
| 股东权益账面价值 | $1.9B | $-107.4M |
| 总资产 | $3.1B | $290.0M |
| 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AOSRAIL
| Q4 25 | $193.2M | — | ||
| Q3 25 | $172.8M | — | ||
| Q2 25 | $177.9M | — | ||
| Q1 25 | $200.2M | — | ||
| Q4 24 | $276.1M | — | ||
| Q3 24 | $255.6M | — | ||
| Q2 24 | $233.3M | — | ||
| Q1 24 | $303.1M | — |
总债务AOSRAIL
| Q4 25 | $155.0M | $107.2M | ||
| Q3 25 | — | $107.6M | ||
| Q2 25 | — | $107.9M | ||
| Q1 25 | — | $108.2M | ||
| Q4 24 | $193.2M | $108.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSRAIL
| Q4 25 | $1.9B | $-107.4M | ||
| Q3 25 | $1.8B | $-90.9M | ||
| Q2 25 | $1.8B | $-83.5M | ||
| Q1 25 | $1.9B | $-97.4M | ||
| Q4 24 | $1.9B | $-150.3M | ||
| Q3 24 | $1.9B | $-156.3M | ||
| Q2 24 | $1.9B | $-48.8M | ||
| Q1 24 | $1.9B | $-57.0M |
总资产AOSRAIL
| Q4 25 | $3.1B | $290.0M | ||
| Q3 25 | $3.2B | $340.8M | ||
| Q2 25 | $3.2B | $328.1M | ||
| Q1 25 | $3.3B | $250.5M | ||
| Q4 24 | $3.2B | $224.2M | ||
| Q3 24 | $3.2B | $245.9M | ||
| Q2 24 | $3.2B | $207.2M | ||
| Q1 24 | $3.2B | $248.7M |
负债/权益比AOSRAIL
| 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 | $10.0M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $8.8M |
| 自由现金流率自由现金流/营收 | 18.1% | 7.0% |
| 资本支出强度资本支出/营收 | 1.9% | 1.0% |
| 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 | $31.4M |
8季度趋势，按日历期对齐
经营现金流AOSRAIL
| Q4 25 | $183.1M | $10.0M | ||
| Q3 25 | $255.4M | $3.4M | ||
| Q2 25 | $139.6M | $8.5M | ||
| Q1 25 | $38.7M | $12.8M | ||
| Q4 24 | $221.9M | $5.9M | ||
| Q3 24 | $195.9M | $7.2M | ||
| Q2 24 | $57.4M | $57.2M | ||
| Q1 24 | $106.6M | $-25.3M |
自由现金流AOSRAIL
| Q4 25 | $165.5M | $8.8M | ||
| Q3 25 | $240.6M | $2.2M | ||
| Q2 25 | $122.5M | $7.9M | ||
| Q1 25 | $17.4M | $12.5M | ||
| Q4 24 | $191.3M | $4.6M | ||
| Q3 24 | $163.4M | $5.7M | ||
| Q2 24 | $34.5M | $55.9M | ||
| Q1 24 | $84.6M | $-26.3M |
自由现金流率AOSRAIL
| Q4 25 | 18.1% | 7.0% | ||
| Q3 25 | 25.5% | 1.4% | ||
| Q2 25 | 12.1% | 6.7% | ||
| Q1 25 | 1.8% | 13.0% | ||
| Q4 24 | 21.0% | 3.3% | ||
| Q3 24 | 18.1% | 5.0% | ||
| Q2 24 | 3.4% | 38.3% | ||
| Q1 24 | 8.6% | -16.3% |
资本支出强度AOSRAIL
| Q4 25 | 1.9% | 1.0% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 1.7% | 0.5% | ||
| Q1 25 | 2.2% | 0.3% | ||
| Q4 24 | 3.4% | 0.9% | ||
| Q3 24 | 3.6% | 1.3% | ||
| Q2 24 | 2.2% | 0.9% | ||
| Q1 24 | 2.2% | 0.6% |
现金转化率AOSRAIL
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | 0.73× | ||
| Q1 25 | 0.28× | 0.25× | ||
| Q4 24 | 2.02× | 0.17× | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | 6.99× | ||
| 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% |
RAIL
| Railcar Sales | $118.9M | 95% |
| Aftermarket Sales | $6.6M | 5% |
