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A.O.史密斯（AOS）与Redwire Corp（RDW）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Redwire Corp的8.4倍（$912.5M vs $108.8M）。A.O.史密斯净利率更高（13.7% vs -78.6%，领先92.3%）。Redwire Corp同比增速更快（56.4% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $-26.5M）。过去两年Redwire Corp的营收复合增速更高（11.3% 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。
Redwire Corp是一家总部位于美国佛罗里达州杰克逊维尔的航空航天制造与空间基础设施技术企业，由私募股权公司AE Industrial Partners于2020年6月1日整合旗下投资组合企业Adcole Space与Deep Space Systems组建而成，2021年1月完成上市，专注于航天领域相关技术与产品的研发落地。
AOS vs RDW — 直观对比
营收规模更大
AOS
是对方的8.4倍
$108.8M
营收增速更快
RDW
高出56.4%
0.0%
净利率更高
AOS
高出92.3%
-78.6%
自由现金流更多
AOS
多$192.0M
$-26.5M
两年增速更快
RDW
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $108.8M |
| 净利润 | $125.4M | $-85.5M |
| 毛利率 | 38.4% | 9.6% |
| 营业利润率 | 17.9% | -75.0% |
| 净利率 | 13.7% | -78.6% |
| 营收同比 | 0.0% | 56.4% |
| 净利润同比 | 14.3% | -27.3% |
| 每股收益（稀释后） | $0.89 | $-0.49 |
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AOSRDW
| Q4 25 | $912.5M | $108.8M | ||
| Q3 25 | $942.5M | $103.4M | ||
| Q2 25 | $1.0B | $61.8M | ||
| Q1 25 | $963.9M | $61.4M | ||
| Q4 24 | $912.4M | $69.6M | ||
| Q3 24 | $902.6M | $68.6M | ||
| Q2 24 | $1.0B | $78.1M | ||
| Q1 24 | $978.8M | $87.8M |
净利润AOSRDW
| Q4 25 | $125.4M | $-85.5M | ||
| Q3 25 | $132.0M | $-41.2M | ||
| Q2 25 | $152.2M | $-97.0M | ||
| Q1 25 | $136.6M | $-2.9M | ||
| Q4 24 | $109.7M | $-67.2M | ||
| Q3 24 | $120.1M | $-21.0M | ||
| Q2 24 | $156.2M | $-18.1M | ||
| Q1 24 | $147.6M | $-8.1M |
毛利率AOSRDW
| Q4 25 | 38.4% | 9.6% | ||
| Q3 25 | 38.7% | 16.3% | ||
| Q2 25 | 39.3% | -30.9% | ||
| Q1 25 | 38.9% | 14.7% | ||
| Q4 24 | 37.1% | 6.6% | ||
| Q3 24 | 37.4% | 17.5% | ||
| Q2 24 | 38.7% | 16.6% | ||
| Q1 24 | 39.3% | 16.9% |
营业利润率AOSRDW
| Q4 25 | 17.9% | -75.0% | ||
| Q3 25 | 18.6% | -40.5% | ||
| Q2 25 | 20.4% | -148.8% | ||
| Q1 25 | 19.1% | -23.3% | ||
| Q4 24 | 10.1% | -27.3% | ||
| Q3 24 | 19.5% | -18.2% | ||
| Q2 24 | 21.9% | -9.1% | ||
| Q1 24 | 22.0% | -4.1% |
净利率AOSRDW
| Q4 25 | 13.7% | -78.6% | ||
| Q3 25 | 14.0% | -39.8% | ||
| Q2 25 | 15.0% | -157.0% | ||
| Q1 25 | 14.2% | -4.8% | ||
| Q4 24 | 12.0% | -96.6% | ||
| Q3 24 | 13.3% | -30.5% | ||
| Q2 24 | 15.2% | -23.2% | ||
| Q1 24 | 15.1% | -9.2% |
每股收益（稀释后）AOSRDW
| Q4 25 | $0.89 | $-0.49 | ||
| Q3 25 | $0.94 | $-0.29 | ||
| Q2 25 | $1.07 | $-1.41 | ||
| Q1 25 | $0.95 | $-0.09 | ||
| Q4 24 | $0.75 | $-1.39 | ||
| Q3 24 | $0.82 | $-0.37 | ||
| Q2 24 | $1.06 | $-0.42 | ||
| Q1 24 | $1.00 | $-0.17 |
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 | $94.5M |
| 总债务越低越好 | $155.0M | $85.2M |
| 股东权益账面价值 | $1.9B | $1.1B |
| 总资产 | $3.1B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资AOSRDW
| Q4 25 | $193.2M | $94.5M | ||
| Q3 25 | $172.8M | $52.3M | ||
| Q2 25 | $177.9M | $76.5M | ||
| Q1 25 | $200.2M | — | ||
| Q4 24 | $276.1M | $33.7M | ||
| Q3 24 | $255.6M | $27.8M | ||
| Q2 24 | $233.3M | $30.8M | ||
| Q1 24 | $303.1M | $32.6M |
总债务AOSRDW
| Q4 25 | $155.0M | $85.2M | ||
| Q3 25 | — | $191.0M | ||
| Q2 25 | — | $190.7M | ||
| Q1 25 | — | $105.2M | ||
| Q4 24 | $193.2M | $125.7M | ||
| Q3 24 | — | $123.3M | ||
| Q2 24 | — | $95.4M | ||
| Q1 24 | — | $90.5M |
股东权益AOSRDW
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.8B | $928.0M | ||
| Q2 25 | $1.8B | $907.6M | ||
| Q1 25 | $1.9B | $-68.1M | ||
| Q4 24 | $1.9B | $-188.7M | ||
| Q3 24 | $1.9B | $-96.4M | ||
| Q2 24 | $1.9B | $-78.3M | ||
| Q1 24 | $1.9B | $-49.8M |
总资产AOSRDW
| Q4 25 | $3.1B | $1.4B | ||
| Q3 25 | $3.2B | $1.4B | ||
| Q2 25 | $3.2B | $1.5B | ||
| Q1 25 | $3.3B | $314.1M | ||
| Q4 24 | $3.2B | $292.6M | ||
| Q3 24 | $3.2B | $289.9M | ||
| Q2 24 | $3.2B | $260.3M | ||
| Q1 24 | $3.2B | $259.5M |
负债/权益比AOSRDW
| Q4 25 | 0.08× | 0.08× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.21× | ||
| 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 | $-24.3M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $-26.5M |
| 自由现金流率自由现金流/营收 | 18.1% | -24.3% |
| 资本支出强度资本支出/营收 | 1.9% | 2.0% |
| 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 | $-190.8M |
8季度趋势，按日历期对齐
经营现金流AOSRDW
| Q4 25 | $183.1M | $-24.3M | ||
| Q3 25 | $255.4M | $-20.3M | ||
| Q2 25 | $139.6M | $-87.7M | ||
| Q1 25 | $38.7M | $-45.1M | ||
| Q4 24 | $221.9M | $7.1M | ||
| Q3 24 | $195.9M | $-17.7M | ||
| Q2 24 | $57.4M | $-9.5M | ||
| Q1 24 | $106.6M | $2.8M |
自由现金流AOSRDW
| Q4 25 | $165.5M | $-26.5M | ||
| Q3 25 | $240.6M | $-26.9M | ||
| Q2 25 | $122.5M | $-90.6M | ||
| Q1 25 | $17.4M | $-46.9M | ||
| Q4 24 | $191.3M | $4.7M | ||
| Q3 24 | $163.4M | $-19.3M | ||
| Q2 24 | $34.5M | $-10.4M | ||
| Q1 24 | $84.6M | $1.2M |
自由现金流率AOSRDW
| Q4 25 | 18.1% | -24.3% | ||
| Q3 25 | 25.5% | -26.0% | ||
| Q2 25 | 12.1% | -146.7% | ||
| Q1 25 | 1.8% | -76.3% | ||
| Q4 24 | 21.0% | 6.8% | ||
| Q3 24 | 18.1% | -28.1% | ||
| Q2 24 | 3.4% | -13.3% | ||
| Q1 24 | 8.6% | 1.4% |
资本支出强度AOSRDW
| Q4 25 | 1.9% | 2.0% | ||
| Q3 25 | 1.6% | 6.3% | ||
| Q2 25 | 1.7% | 4.8% | ||
| Q1 25 | 2.2% | 2.9% | ||
| Q4 24 | 3.4% | 3.4% | ||
| Q3 24 | 3.6% | 2.3% | ||
| Q2 24 | 2.2% | 1.2% | ||
| Q1 24 | 2.2% | 1.8% |
现金转化率AOSRDW
| 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% |
RDW
暂无分部数据
