vs
A.O.史密斯（AOS）与Rackspace Technology, Inc.（RXT）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Rackspace Technology, Inc.的1.3倍（$912.5M vs $682.8M），A.O.史密斯净利率更高（13.7% vs -4.8%，领先18.5%），A.O.史密斯同比增速更快（0.0% vs -0.4%），A.O.史密斯自由现金流更多（$165.5M vs $56.0M），过去两年Rackspace Technology, Inc.的营收复合增速更高（-0.6% 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。
Rackspace Technology, Inc.是总部位于美国得克萨斯州圣安东尼奥的云计算企业，在弗吉尼亚州雷斯顿以及澳大利亚、加拿大、英国、印度、迪拜、瑞士、荷兰、德国、新加坡、墨西哥、中国香港等多个国家和地区设有办事处，数据中心分布于全球多个主要城市，为客户提供专业的云计算相关服务。
AOS vs RXT — 直观对比
营收规模更大
AOS
是对方的1.3倍
$682.8M
营收增速更快
AOS
高出0.4%
-0.4%
净利率更高
AOS
高出18.5%
-4.8%
自由现金流更多
AOS
多$109.5M
$56.0M
两年增速更快
RXT
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $682.8M |
| 净利润 | $125.4M | $-32.7M |
| 毛利率 | 38.4% | 17.6% |
| 营业利润率 | 17.9% | -0.5% |
| 净利率 | 13.7% | -4.8% |
| 营收同比 | 0.0% | -0.4% |
| 净利润同比 | 14.3% | 41.6% |
| 每股收益（稀释后） | $0.89 | $-0.13 |
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AOSRXT
| Q4 25 | $912.5M | $682.8M | ||
| Q3 25 | $942.5M | $671.2M | ||
| Q2 25 | $1.0B | $666.3M | ||
| Q1 25 | $963.9M | $665.4M | ||
| Q4 24 | $912.4M | $685.6M | ||
| Q3 24 | $902.6M | $675.8M | ||
| Q2 24 | $1.0B | $684.9M | ||
| Q1 24 | $978.8M | $690.8M |
净利润AOSRXT
| Q4 25 | $125.4M | $-32.7M | ||
| Q3 25 | $132.0M | $-67.1M | ||
| Q2 25 | $152.2M | $-54.5M | ||
| Q1 25 | $136.6M | $-71.5M | ||
| Q4 24 | $109.7M | $-56.0M | ||
| Q3 24 | $120.1M | $-186.6M | ||
| Q2 24 | $156.2M | $25.0M | ||
| Q1 24 | $147.6M | $-640.6M |
毛利率AOSRXT
| Q4 25 | 38.4% | 17.6% | ||
| Q3 25 | 38.7% | 19.4% | ||
| Q2 25 | 39.3% | 19.4% | ||
| Q1 25 | 38.9% | 19.1% | ||
| Q4 24 | 37.1% | 19.2% | ||
| Q3 24 | 37.4% | 20.3% | ||
| Q2 24 | 38.7% | 19.2% | ||
| Q1 24 | 39.3% | 19.2% |
营业利润率AOSRXT
| Q4 25 | 17.9% | -0.5% | ||
| Q3 25 | 18.6% | -5.1% | ||
| Q2 25 | 20.4% | -3.8% | ||
| Q1 25 | 19.1% | -5.8% | ||
| Q4 24 | 10.1% | -4.2% | ||
| Q3 24 | 19.5% | -25.7% | ||
| Q2 24 | 21.9% | -7.9% | ||
| Q1 24 | 22.0% | -94.5% |
净利率AOSRXT
| Q4 25 | 13.7% | -4.8% | ||
| Q3 25 | 14.0% | -10.0% | ||
| Q2 25 | 15.0% | -8.2% | ||
| Q1 25 | 14.2% | -10.7% | ||
| Q4 24 | 12.0% | -8.2% | ||
| Q3 24 | 13.3% | -27.6% | ||
| Q2 24 | 15.2% | 3.7% | ||
| Q1 24 | 15.1% | -92.7% |
每股收益（稀释后）AOSRXT
| Q4 25 | $0.89 | $-0.13 | ||
| Q3 25 | $0.94 | $-0.28 | ||
| Q2 25 | $1.07 | $-0.23 | ||
| Q1 25 | $0.95 | $-0.31 | ||
| Q4 24 | $0.75 | $-0.20 | ||
| Q3 24 | $0.82 | $-0.82 | ||
| Q2 24 | $1.06 | $0.11 | ||
| Q1 24 | $1.00 | $-2.91 |
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 | $105.8M |
| 总债务越低越好 | $155.0M | $2.7B |
| 股东权益账面价值 | $1.9B | $-1.2B |
| 总资产 | $3.1B | $2.8B |
| 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AOSRXT
| Q4 25 | $193.2M | $105.8M | ||
| Q3 25 | $172.8M | $99.5M | ||
| Q2 25 | $177.9M | $103.9M | ||
| Q1 25 | $200.2M | $128.0M | ||
| Q4 24 | $276.1M | $144.0M | ||
| Q3 24 | $255.6M | $157.1M | ||
| Q2 24 | $233.3M | $190.2M | ||
| Q1 24 | $303.1M | $282.6M |
总债务AOSRXT
| Q4 25 | $155.0M | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $193.2M | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $3.0B |
股东权益AOSRXT
| Q4 25 | $1.9B | $-1.2B | ||
| Q3 25 | $1.8B | $-1.2B | ||
| Q2 25 | $1.8B | $-1.1B | ||
| Q1 25 | $1.9B | $-1.1B | ||
| Q4 24 | $1.9B | $-1.0B | ||
| Q3 24 | $1.9B | $-949.7M | ||
| Q2 24 | $1.9B | $-756.2M | ||
| Q1 24 | $1.9B | $-787.2M |
总资产AOSRXT
| Q4 25 | $3.1B | $2.8B | ||
| Q3 25 | $3.2B | $2.8B | ||
| Q2 25 | $3.2B | $2.9B | ||
| Q1 25 | $3.3B | $3.0B | ||
| Q4 24 | $3.2B | $3.1B | ||
| Q3 24 | $3.2B | $3.1B | ||
| Q2 24 | $3.2B | $3.4B | ||
| Q1 24 | $3.2B | $3.5B |
负债/权益比AOSRXT
| 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 | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $56.0M |
| 自由现金流率自由现金流/营收 | 18.1% | 8.2% |
| 资本支出强度资本支出/营收 | 1.9% | 0.5% |
| 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 | $90.6M |
8季度趋势，按日历期对齐
经营现金流AOSRXT
| Q4 25 | $183.1M | $59.7M | ||
| Q3 25 | $255.4M | $70.7M | ||
| Q2 25 | $139.6M | $8.4M | ||
| Q1 25 | $38.7M | $12.6M | ||
| Q4 24 | $221.9M | $54.3M | ||
| Q3 24 | $195.9M | $51.8M | ||
| Q2 24 | $57.4M | $24.1M | ||
| Q1 24 | $106.6M | $-90.3M |
自由现金流AOSRXT
| Q4 25 | $165.5M | $56.0M | ||
| Q3 25 | $240.6M | $42.7M | ||
| Q2 25 | $122.5M | $-12.4M | ||
| Q1 25 | $17.4M | $4.3M | ||
| Q4 24 | $191.3M | $34.4M | ||
| Q3 24 | $163.4M | $27.3M | ||
| Q2 24 | $34.5M | $-14.5M | ||
| Q1 24 | $84.6M | $-118.4M |
自由现金流率AOSRXT
| Q4 25 | 18.1% | 8.2% | ||
| Q3 25 | 25.5% | 6.4% | ||
| Q2 25 | 12.1% | -1.9% | ||
| Q1 25 | 1.8% | 0.6% | ||
| Q4 24 | 21.0% | 5.0% | ||
| Q3 24 | 18.1% | 4.0% | ||
| Q2 24 | 3.4% | -2.1% | ||
| Q1 24 | 8.6% | -17.1% |
资本支出强度AOSRXT
| Q4 25 | 1.9% | 0.5% | ||
| Q3 25 | 1.6% | 4.2% | ||
| Q2 25 | 1.7% | 3.1% | ||
| Q1 25 | 2.2% | 1.2% | ||
| Q4 24 | 3.4% | 2.9% | ||
| Q3 24 | 3.6% | 3.6% | ||
| Q2 24 | 2.2% | 5.6% | ||
| Q1 24 | 2.2% | 4.1% |
现金转化率AOSRXT
| 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× | 0.96× | ||
| 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% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
