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A.O.史密斯（AOS）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是A.O.史密斯的1.5倍（$1.4B vs $912.5M），A.O.史密斯净利率更高（13.7% vs 5.8%，领先8.0%），ROKU, INC同比增速更快（16.1% vs 0.0%），A.O.史密斯自由现金流更多（$165.5M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
AOS vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.5倍
$912.5M
营收增速更快
ROKU
高出16.1%
0.0%
净利率更高
AOS
高出8.0%
5.8%
自由现金流更多
AOS
多$58.9M
$106.6M
两年增速更快
ROKU
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $1.4B |
| 净利润 | $125.4M | $80.5M |
| 毛利率 | 38.4% | 43.5% |
| 营业利润率 | 17.9% | 4.7% |
| 净利率 | 13.7% | 5.8% |
| 营收同比 | 0.0% | 16.1% |
| 净利润同比 | 14.3% | 326.4% |
| 每股收益（稀释后） | $0.89 | $0.55 |
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AOSROKU
| Q4 25 | $912.5M | $1.4B | ||
| Q3 25 | $942.5M | $1.2B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $963.9M | $1.0B | ||
| Q4 24 | $912.4M | $1.2B | ||
| Q3 24 | $902.6M | $1.1B | ||
| Q2 24 | $1.0B | $968.2M | ||
| Q1 24 | $978.8M | $881.5M |
净利润AOSROKU
| Q4 25 | $125.4M | $80.5M | ||
| Q3 25 | $132.0M | $24.8M | ||
| Q2 25 | $152.2M | $10.5M | ||
| Q1 25 | $136.6M | $-27.4M | ||
| Q4 24 | $109.7M | $-35.5M | ||
| Q3 24 | $120.1M | $-9.0M | ||
| Q2 24 | $156.2M | $-34.0M | ||
| Q1 24 | $147.6M | $-50.9M |
毛利率AOSROKU
| Q4 25 | 38.4% | 43.5% | ||
| Q3 25 | 38.7% | 43.4% | ||
| Q2 25 | 39.3% | 44.8% | ||
| Q1 25 | 38.9% | 43.6% | ||
| Q4 24 | 37.1% | 42.7% | ||
| Q3 24 | 37.4% | 45.2% | ||
| Q2 24 | 38.7% | 43.9% | ||
| Q1 24 | 39.3% | 44.1% |
营业利润率AOSROKU
| Q4 25 | 17.9% | 4.7% | ||
| Q3 25 | 18.6% | 0.8% | ||
| Q2 25 | 20.4% | -2.1% | ||
| Q1 25 | 19.1% | -5.7% | ||
| Q4 24 | 10.1% | -3.3% | ||
| Q3 24 | 19.5% | -3.4% | ||
| Q2 24 | 21.9% | -7.4% | ||
| Q1 24 | 22.0% | -8.2% |
净利率AOSROKU
| Q4 25 | 13.7% | 5.8% | ||
| Q3 25 | 14.0% | 2.0% | ||
| Q2 25 | 15.0% | 0.9% | ||
| Q1 25 | 14.2% | -2.7% | ||
| Q4 24 | 12.0% | -3.0% | ||
| Q3 24 | 13.3% | -0.9% | ||
| Q2 24 | 15.2% | -3.5% | ||
| Q1 24 | 15.1% | -5.8% |
每股收益（稀释后）AOSROKU
| Q4 25 | $0.89 | $0.55 | ||
| Q3 25 | $0.94 | $0.16 | ||
| Q2 25 | $1.07 | $0.07 | ||
| Q1 25 | $0.95 | $-0.19 | ||
| Q4 24 | $0.75 | $-0.24 | ||
| Q3 24 | $0.82 | $-0.06 | ||
| Q2 24 | $1.06 | $-0.24 | ||
| Q1 24 | $1.00 | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $2.7B |
| 总资产 | $3.1B | $4.4B |
| 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AOSROKU
| Q4 25 | $193.2M | $2.3B | ||
| Q3 25 | $172.8M | $2.3B | ||
| Q2 25 | $177.9M | $2.3B | ||
| Q1 25 | $200.2M | $2.3B | ||
| Q4 24 | $276.1M | $2.2B | ||
| Q3 24 | $255.6M | $2.1B | ||
| Q2 24 | $233.3M | $2.1B | ||
| Q1 24 | $303.1M | $2.1B |
总债务AOSROKU
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSROKU
| Q4 25 | $1.9B | $2.7B | ||
| Q3 25 | $1.8B | $2.6B | ||
| Q2 25 | $1.8B | $2.6B | ||
| Q1 25 | $1.9B | $2.5B | ||
| Q4 24 | $1.9B | $2.5B | ||
| Q3 24 | $1.9B | $2.5B | ||
| Q2 24 | $1.9B | $2.4B | ||
| Q1 24 | $1.9B | $2.4B |
总资产AOSROKU
| Q4 25 | $3.1B | $4.4B | ||
| Q3 25 | $3.2B | $4.4B | ||
| Q2 25 | $3.2B | $4.3B | ||
| Q1 25 | $3.3B | $4.2B | ||
| Q4 24 | $3.2B | $4.3B | ||
| Q3 24 | $3.2B | $4.3B | ||
| Q2 24 | $3.2B | $4.1B | ||
| Q1 24 | $3.2B | $4.2B |
负债/权益比AOSROKU
| 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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $106.6M |
| 自由现金流率自由现金流/营收 | 18.1% | 7.6% |
| 资本支出强度资本支出/营收 | 1.9% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.46× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $478.4M |
8季度趋势，按日历期对齐
经营现金流AOSROKU
| Q4 25 | $183.1M | $107.7M | ||
| Q3 25 | $255.4M | $127.6M | ||
| Q2 25 | $139.6M | $109.7M | ||
| Q1 25 | $38.7M | $138.7M | ||
| Q4 24 | $221.9M | $79.3M | ||
| Q3 24 | $195.9M | $68.7M | ||
| Q2 24 | $57.4M | $23.4M | ||
| Q1 24 | $106.6M | $46.7M |
自由现金流AOSROKU
| Q4 25 | $165.5M | $106.6M | ||
| Q3 25 | $240.6M | $126.5M | ||
| Q2 25 | $122.5M | $108.6M | ||
| Q1 25 | $17.4M | $136.8M | ||
| Q4 24 | $191.3M | $76.8M | ||
| Q3 24 | $163.4M | $67.6M | ||
| Q2 24 | $34.5M | $22.5M | ||
| Q1 24 | $84.6M | $46.0M |
自由现金流率AOSROKU
| Q4 25 | 18.1% | 7.6% | ||
| Q3 25 | 25.5% | 10.4% | ||
| Q2 25 | 12.1% | 9.8% | ||
| Q1 25 | 1.8% | 13.4% | ||
| Q4 24 | 21.0% | 6.4% | ||
| Q3 24 | 18.1% | 6.4% | ||
| Q2 24 | 3.4% | 2.3% | ||
| Q1 24 | 8.6% | 5.2% |
资本支出强度AOSROKU
| Q4 25 | 1.9% | 0.1% | ||
| Q3 25 | 1.6% | 0.1% | ||
| Q2 25 | 1.7% | 0.1% | ||
| Q1 25 | 2.2% | 0.2% | ||
| Q4 24 | 3.4% | 0.2% | ||
| Q3 24 | 3.6% | 0.1% | ||
| Q2 24 | 2.2% | 0.1% | ||
| Q1 24 | 2.2% | 0.1% |
现金转化率AOSROKU
| Q4 25 | 1.46× | 1.34× | ||
| Q3 25 | 1.93× | 5.14× | ||
| Q2 25 | 0.92× | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
