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A.O.史密斯（AOS）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是A.O.史密斯的1.5倍（$1.4B vs $945.6M），瑞思迈净利率更高（27.6% vs 12.5%，领先15.1%），瑞思迈同比增速更快（11.0% vs -2.0%），过去两年瑞思迈的营收复合增速更高（7.9% vs -3.9%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
AOS vs RMD — 直观对比
营收规模更大
RMD
是对方的1.5倍
$945.6M
营收增速更快
RMD
高出13.0%
-2.0%
净利率更高
RMD
高出15.1%
12.5%
两年增速更快
RMD
近两年复合增速
-3.9%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $1.4B |
| 净利润 | $118.0M | $392.6M |
| 毛利率 | 38.7% | 61.8% |
| 营业利润率 | — | 34.6% |
| 净利率 | 12.5% | 27.6% |
| 营收同比 | -2.0% | 11.0% |
| 净利润同比 | -14.0% | 13.9% |
| 每股收益（稀释后） | $0.85 | $2.68 |
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AOSRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | $1.4B | ||
| Q3 25 | $942.5M | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $963.9M | $1.3B | ||
| Q4 24 | $912.4M | $1.3B | ||
| Q3 24 | $902.6M | $1.2B |
净利润AOSRMD
| Q2 26 | — | $392.6M | ||
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | $392.6M | ||
| Q3 25 | $132.0M | $348.5M | ||
| Q2 25 | $152.2M | $379.7M | ||
| Q1 25 | $136.6M | $365.0M | ||
| Q4 24 | $109.7M | $344.6M | ||
| Q3 24 | $120.1M | $311.4M |
毛利率AOSRMD
| Q2 26 | — | 61.8% | ||
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | 61.8% | ||
| Q3 25 | 38.7% | 61.5% | ||
| Q2 25 | 39.3% | 60.8% | ||
| Q1 25 | 38.9% | 59.3% | ||
| Q4 24 | 37.1% | 58.6% | ||
| Q3 24 | 37.4% | 58.6% |
营业利润率AOSRMD
| Q2 26 | — | 34.6% | ||
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 34.6% | ||
| Q3 25 | 18.6% | 33.4% | ||
| Q2 25 | 20.4% | 33.7% | ||
| Q1 25 | 19.1% | 33.0% | ||
| Q4 24 | 10.1% | 32.5% | ||
| Q3 24 | 19.5% | 31.6% |
净利率AOSRMD
| Q2 26 | — | 27.6% | ||
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | 27.6% | ||
| Q3 25 | 14.0% | 26.1% | ||
| Q2 25 | 15.0% | 28.2% | ||
| Q1 25 | 14.2% | 28.3% | ||
| Q4 24 | 12.0% | 26.9% | ||
| Q3 24 | 13.3% | 25.4% |
每股收益（稀释后）AOSRMD
| Q2 26 | — | $2.68 | ||
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | $2.68 | ||
| Q3 25 | $0.94 | $2.37 | ||
| Q2 25 | $1.07 | $2.58 | ||
| Q1 25 | $0.95 | $2.48 | ||
| Q4 24 | $0.75 | $2.34 | ||
| Q3 24 | $0.82 | $2.11 |
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 | $185.2M | $1.4B |
| 总债务越低越好 | $574.2M | $663.8M |
| 股东权益账面价值 | $1.9B | $6.3B |
| 总资产 | $3.7B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.31× | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资AOSRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $1.4B | ||
| Q3 25 | $172.8M | $1.4B | ||
| Q2 25 | $177.9M | $1.2B | ||
| Q1 25 | $200.2M | $932.7M | ||
| Q4 24 | $276.1M | $521.9M | ||
| Q3 24 | $255.6M | $426.4M |
总债务AOSRMD
| Q2 26 | — | $663.8M | ||
| Q1 26 | $574.2M | — | ||
| Q4 25 | $155.0M | $403.9M | ||
| Q3 25 | — | $408.7M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | — | $663.1M | ||
| Q4 24 | $193.2M | $662.9M | ||
| Q3 24 | — | $667.6M |
股东权益AOSRMD
| Q2 26 | — | $6.3B | ||
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $6.3B | ||
| Q3 25 | $1.8B | $6.1B | ||
| Q2 25 | $1.8B | $6.0B | ||
| Q1 25 | $1.9B | $5.5B | ||
| Q4 24 | $1.9B | $5.3B | ||
| Q3 24 | $1.9B | $5.2B |
总资产AOSRMD
| Q2 26 | — | $8.5B | ||
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $8.5B | ||
| Q3 25 | $3.2B | $8.3B | ||
| Q2 25 | $3.2B | $8.2B | ||
| Q1 25 | $3.3B | $7.6B | ||
| Q4 24 | $3.2B | $7.1B | ||
| Q3 24 | $3.2B | $7.2B |
负债/权益比AOSRMD
| Q2 26 | — | 0.11× | ||
| Q1 26 | 0.31× | — | ||
| Q4 25 | 0.08× | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | 0.10× | 0.13× | ||
| Q3 24 | — | 0.13× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $118.9M | — |
| 自由现金流率自由现金流/营收 | 12.6% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $647.5M | — |
8季度趋势，按日历期对齐
经营现金流AOSRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $339.7M | ||
| Q3 25 | $255.4M | $457.3M | ||
| Q2 25 | $139.6M | $538.8M | ||
| Q1 25 | $38.7M | $578.7M | ||
| Q4 24 | $221.9M | $308.6M | ||
| Q3 24 | $195.9M | $325.5M |
自由现金流AOSRMD
| Q2 26 | — | — | ||
| Q1 26 | $118.9M | — | ||
| Q4 25 | $165.5M | $311.2M | ||
| Q3 25 | $240.6M | $414.4M | ||
| Q2 25 | $122.5M | $508.2M | ||
| Q1 25 | $17.4M | $557.9M | ||
| Q4 24 | $191.3M | $288.0M | ||
| Q3 24 | $163.4M | $307.7M |
自由现金流率AOSRMD
| Q2 26 | — | — | ||
| Q1 26 | 12.6% | — | ||
| Q4 25 | 18.1% | 21.9% | ||
| Q3 25 | 25.5% | 31.0% | ||
| Q2 25 | 12.1% | 37.7% | ||
| Q1 25 | 1.8% | 43.2% | ||
| Q4 24 | 21.0% | 22.5% | ||
| Q3 24 | 18.1% | 25.1% |
资本支出强度AOSRMD
| Q2 26 | — | — | ||
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 2.0% | ||
| Q3 25 | 1.6% | 3.2% | ||
| Q2 25 | 1.7% | 2.3% | ||
| Q1 25 | 2.2% | 1.6% | ||
| Q4 24 | 3.4% | 1.6% | ||
| Q3 24 | 3.6% | 1.5% |
现金转化率AOSRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 0.87× | ||
| Q3 25 | 1.93× | 1.31× | ||
| Q2 25 | 0.92× | 1.42× | ||
| Q1 25 | 0.28× | 1.59× | ||
| Q4 24 | 2.02× | 0.90× | ||
| Q3 24 | 1.63× | 1.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
