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A.O.史密斯（AOS）与RADIANT LOGISTICS, INC（RLGT）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RADIANT LOGISTICS, INC的3.9倍（$912.5M vs $232.1M）。A.O.史密斯净利率更高（13.7% vs 2.3%，领先11.5%）。A.O.史密斯同比增速更快（0.0% vs -12.3%）。A.O.史密斯自由现金流更多（$165.5M vs $11.6M）。过去两年RADIANT LOGISTICS, INC的营收复合增速更高（12.1% 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。
Radiant Logistics, Inc.是一家知名第三方物流服务商，提供端到端供应链解决方案、国内外货运代理、仓储及末端配送服务，核心市场覆盖北美，客户涵盖零售、制造、电商、工业等多个领域，助力企业优化物流流程、降低运营成本。
AOS vs RLGT — 直观对比
营收规模更大
AOS
是对方的3.9倍
$232.1M
营收增速更快
AOS
高出12.3%
-12.3%
净利率更高
AOS
高出11.5%
2.3%
自由现金流更多
AOS
多$153.9M
$11.6M
两年增速更快
RLGT
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $232.1M |
| 净利润 | $125.4M | $5.3M |
| 毛利率 | 38.4% | — |
| 营业利润率 | 17.9% | 3.2% |
| 净利率 | 13.7% | 2.3% |
| 营收同比 | 0.0% | -12.3% |
| 净利润同比 | 14.3% | -18.0% |
| 每股收益（稀释后） | $0.89 | $0.11 |
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AOSRLGT
| Q4 25 | $912.5M | $232.1M | ||
| Q3 25 | $942.5M | $226.7M | ||
| Q2 25 | $1.0B | $220.6M | ||
| Q1 25 | $963.9M | $214.0M | ||
| Q4 24 | $912.4M | $264.5M | ||
| Q3 24 | $902.6M | $203.6M | ||
| Q2 24 | $1.0B | $206.0M | ||
| Q1 24 | $978.8M | $184.6M |
净利润AOSRLGT
| Q4 25 | $125.4M | $5.3M | ||
| Q3 25 | $132.0M | $1.3M | ||
| Q2 25 | $152.2M | $4.9M | ||
| Q1 25 | $136.6M | $2.5M | ||
| Q4 24 | $109.7M | $6.5M | ||
| Q3 24 | $120.1M | $3.4M | ||
| Q2 24 | $156.2M | $4.8M | ||
| Q1 24 | $147.6M | $-703.0K |
毛利率AOSRLGT
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | — | ||
| Q2 24 | 38.7% | — | ||
| Q1 24 | 39.3% | — |
营业利润率AOSRLGT
| Q4 25 | 17.9% | 3.2% | ||
| Q3 25 | 18.6% | 0.9% | ||
| Q2 25 | 20.4% | 2.4% | ||
| Q1 25 | 19.1% | 1.6% | ||
| Q4 24 | 10.1% | 3.3% | ||
| Q3 24 | 19.5% | 1.9% | ||
| Q2 24 | 21.9% | 2.4% | ||
| Q1 24 | 22.0% | -0.5% |
净利率AOSRLGT
| Q4 25 | 13.7% | 2.3% | ||
| Q3 25 | 14.0% | 0.6% | ||
| Q2 25 | 15.0% | 2.2% | ||
| Q1 25 | 14.2% | 1.2% | ||
| Q4 24 | 12.0% | 2.4% | ||
| Q3 24 | 13.3% | 1.7% | ||
| Q2 24 | 15.2% | 2.3% | ||
| Q1 24 | 15.1% | -0.4% |
每股收益（稀释后）AOSRLGT
| Q4 25 | $0.89 | $0.11 | ||
| Q3 25 | $0.94 | $0.03 | ||
| Q2 25 | $1.07 | $0.10 | ||
| Q1 25 | $0.95 | $0.05 | ||
| Q4 24 | $0.75 | $0.13 | ||
| Q3 24 | $0.82 | $0.07 | ||
| Q2 24 | $1.06 | $0.11 | ||
| Q1 24 | $1.00 | $-0.02 |
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 | $31.9M |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $229.8M |
| 总资产 | $3.1B | $439.4M |
| 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AOSRLGT
| Q4 25 | $193.2M | $31.9M | ||
| Q3 25 | $172.8M | $28.1M | ||
| Q2 25 | $177.9M | $22.9M | ||
| Q1 25 | $200.2M | $19.0M | ||
| Q4 24 | $276.1M | $19.9M | ||
| Q3 24 | $255.6M | $10.4M | ||
| Q2 24 | $233.3M | $24.9M | ||
| Q1 24 | $303.1M | $31.2M |
总债务AOSRLGT
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSRLGT
| Q4 25 | $1.9B | $229.8M | ||
| Q3 25 | $1.8B | $225.7M | ||
| Q2 25 | $1.8B | $226.0M | ||
| Q1 25 | $1.9B | $218.2M | ||
| Q4 24 | $1.9B | $214.4M | ||
| Q3 24 | $1.9B | $212.4M | ||
| Q2 24 | $1.9B | $209.4M | ||
| Q1 24 | $1.9B | $206.0M |
总资产AOSRLGT
| Q4 25 | $3.1B | $439.4M | ||
| Q3 25 | $3.2B | $445.3M | ||
| Q2 25 | $3.2B | $426.8M | ||
| Q1 25 | $3.3B | $414.5M | ||
| Q4 24 | $3.2B | $386.8M | ||
| Q3 24 | $3.2B | $375.3M | ||
| Q2 24 | $3.2B | $371.2M | ||
| Q1 24 | $3.2B | $364.0M |
负债/权益比AOSRLGT
| 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 | $12.4M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $11.6M |
| 自由现金流率自由现金流/营收 | 18.1% | 5.0% |
| 资本支出强度资本支出/营收 | 1.9% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.46× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $8.5M |
8季度趋势，按日历期对齐
经营现金流AOSRLGT
| Q4 25 | $183.1M | $12.4M | ||
| Q3 25 | $255.4M | $2.5M | ||
| Q2 25 | $139.6M | $3.1M | ||
| Q1 25 | $38.7M | $-5.7M | ||
| Q4 24 | $221.9M | $15.7M | ||
| Q3 24 | $195.9M | $205.0K | ||
| Q2 24 | $57.4M | $1.3M | ||
| Q1 24 | $106.6M | $3.9M |
自由现金流AOSRLGT
| Q4 25 | $165.5M | $11.6M | ||
| Q3 25 | $240.6M | $977.0K | ||
| Q2 25 | $122.5M | $2.2M | ||
| Q1 25 | $17.4M | $-6.4M | ||
| Q4 24 | $191.3M | $14.1M | ||
| Q3 24 | $163.4M | $-1.9M | ||
| Q2 24 | $34.5M | $-185.0K | ||
| Q1 24 | $84.6M | $1.8M |
自由现金流率AOSRLGT
| Q4 25 | 18.1% | 5.0% | ||
| Q3 25 | 25.5% | 0.4% | ||
| Q2 25 | 12.1% | 1.0% | ||
| Q1 25 | 1.8% | -3.0% | ||
| Q4 24 | 21.0% | 5.3% | ||
| Q3 24 | 18.1% | -0.9% | ||
| Q2 24 | 3.4% | -0.1% | ||
| Q1 24 | 8.6% | 1.0% |
资本支出强度AOSRLGT
| Q4 25 | 1.9% | 0.3% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 1.7% | 0.4% | ||
| Q1 25 | 2.2% | 0.3% | ||
| Q4 24 | 3.4% | 0.6% | ||
| Q3 24 | 3.6% | 1.0% | ||
| Q2 24 | 2.2% | 0.7% | ||
| Q1 24 | 2.2% | 1.2% |
现金转化率AOSRLGT
| Q4 25 | 1.46× | 2.33× | ||
| Q3 25 | 1.93× | 1.90× | ||
| Q2 25 | 0.92× | 0.63× | ||
| Q1 25 | 0.28× | -2.26× | ||
| Q4 24 | 2.02× | 2.43× | ||
| Q3 24 | 1.63× | 0.06× | ||
| Q2 24 | 0.37× | 0.26× | ||
| 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% |
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
