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A.O.史密斯（AOS）与Ralliant Corp（RAL）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Ralliant Corp的1.7倍（$912.5M vs $529.1M）。A.O.史密斯净利率更高（13.7% vs 7.5%，领先6.2%）。A.O.史密斯同比增速更快（0.0% vs -0.5%）。A.O.史密斯自由现金流更多（$165.5M vs $126.6M）
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。
AOS vs RAL — 直观对比
营收规模更大
AOS
是对方的1.7倍
$529.1M
营收增速更快
AOS
高出0.5%
-0.5%
净利率更高
AOS
高出6.2%
7.5%
自由现金流更多
AOS
多$38.9M
$126.6M
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $529.1M |
| 净利润 | $125.4M | $39.9M |
| 毛利率 | 38.4% | 50.8% |
| 营业利润率 | 17.9% | 9.8% |
| 净利率 | 13.7% | 7.5% |
| 营收同比 | 0.0% | -0.5% |
| 净利润同比 | 14.3% | -56.1% |
| 每股收益（稀释后） | $0.89 | $0.35 |
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AOSRAL
| Q4 25 | $912.5M | — | ||
| Q3 25 | $942.5M | $529.1M | ||
| Q2 25 | $1.0B | $503.3M | ||
| Q1 25 | $963.9M | — | ||
| Q4 24 | $912.4M | — | ||
| Q3 24 | $902.6M | $531.7M | ||
| Q2 24 | $1.0B | $533.7M | ||
| Q1 24 | $978.8M | — |
净利润AOSRAL
| Q4 25 | $125.4M | — | ||
| Q3 25 | $132.0M | $39.9M | ||
| Q2 25 | $152.2M | $47.6M | ||
| Q1 25 | $136.6M | — | ||
| Q4 24 | $109.7M | — | ||
| Q3 24 | $120.1M | $90.9M | ||
| Q2 24 | $156.2M | $64.8M | ||
| Q1 24 | $147.6M | — |
毛利率AOSRAL
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | 50.8% | ||
| Q2 25 | 39.3% | 49.3% | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | 52.6% | ||
| Q2 24 | 38.7% | 51.5% | ||
| Q1 24 | 39.3% | — |
营业利润率AOSRAL
| Q4 25 | 17.9% | — | ||
| Q3 25 | 18.6% | 9.8% | ||
| Q2 25 | 20.4% | 11.7% | ||
| Q1 25 | 19.1% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 19.5% | 20.9% | ||
| Q2 24 | 21.9% | 19.7% | ||
| Q1 24 | 22.0% | — |
净利率AOSRAL
| Q4 25 | 13.7% | — | ||
| Q3 25 | 14.0% | 7.5% | ||
| Q2 25 | 15.0% | 9.5% | ||
| Q1 25 | 14.2% | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 13.3% | 17.1% | ||
| Q2 24 | 15.2% | 12.1% | ||
| Q1 24 | 15.1% | — |
每股收益（稀释后）AOSRAL
| Q4 25 | $0.89 | — | ||
| Q3 25 | $0.94 | $0.35 | ||
| Q2 25 | $1.07 | $0.42 | ||
| Q1 25 | $0.95 | — | ||
| Q4 24 | $0.75 | — | ||
| Q3 24 | $0.82 | $0.81 | ||
| Q2 24 | $1.06 | $0.57 | ||
| Q1 24 | $1.00 | — |
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 | $264.2M |
| 总债务越低越好 | $155.0M | $1.1B |
| 股东权益账面价值 | $1.9B | $3.0B |
| 总资产 | $3.1B | $5.3B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资AOSRAL
| Q4 25 | $193.2M | — | ||
| Q3 25 | $172.8M | $264.2M | ||
| Q2 25 | $177.9M | $198.6M | ||
| Q1 25 | $200.2M | — | ||
| Q4 24 | $276.1M | — | ||
| Q3 24 | $255.6M | — | ||
| Q2 24 | $233.3M | — | ||
| Q1 24 | $303.1M | — |
总债务AOSRAL
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSRAL
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.8B | $3.0B | ||
| Q2 25 | $1.8B | $3.0B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | $4.0B | ||
| Q2 24 | $1.9B | $4.0B | ||
| Q1 24 | $1.9B | — |
总资产AOSRAL
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.2B | $5.3B | ||
| Q2 25 | $3.2B | $5.2B | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.2B | — |
负债/权益比AOSRAL
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.38× | ||
| 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 | $138.6M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $126.6M |
| 自由现金流率自由现金流/营收 | 18.1% | 23.9% |
| 资本支出强度资本支出/营收 | 1.9% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.46× | 3.47× |
| 过去12个月自由现金流最近4个季度 | $546.0M | — |
8季度趋势，按日历期对齐
经营现金流AOSRAL
| Q4 25 | $183.1M | — | ||
| Q3 25 | $255.4M | $138.6M | ||
| Q2 25 | $139.6M | — | ||
| Q1 25 | $38.7M | — | ||
| Q4 24 | $221.9M | — | ||
| Q3 24 | $195.9M | — | ||
| Q2 24 | $57.4M | — | ||
| Q1 24 | $106.6M | — |
自由现金流AOSRAL
| Q4 25 | $165.5M | — | ||
| Q3 25 | $240.6M | $126.6M | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $17.4M | — | ||
| Q4 24 | $191.3M | — | ||
| Q3 24 | $163.4M | — | ||
| Q2 24 | $34.5M | — | ||
| Q1 24 | $84.6M | — |
自由现金流率AOSRAL
| Q4 25 | 18.1% | — | ||
| Q3 25 | 25.5% | 23.9% | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 21.0% | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 8.6% | — |
资本支出强度AOSRAL
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.6% | 2.3% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 2.2% | — |
现金转化率AOSRAL
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.93× | 3.47× | ||
| 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% |
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
