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A.O.史密斯（AOS）与StandardAero, Inc.（SARO）财务数据对比。点击上方公司名可切换其他公司
StandardAero, Inc.的季度营收约是A.O.史密斯的1.8倍（$1.6B vs $912.5M）。A.O.史密斯净利率更高（13.7% vs 4.9%，领先8.8%）。StandardAero, Inc.同比增速更快（13.5% vs 0.0%）。StandardAero, Inc.自由现金流更多（$307.3M vs $165.5M）。过去两年StandardAero, Inc.的营收复合增速更高（13.8% 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。
StandardAero Inc.是总部位于美国亚利桑那州斯科茨代尔的专业维护、维修及大修（MRO）服务提供商，深耕相关领域多年，服务覆盖航空等多个行业，可为客户提供高效可靠的定制化运维解决方案。
AOS vs SARO — 直观对比
营收规模更大
SARO
是对方的1.8倍
$912.5M
营收增速更快
SARO
高出13.5%
0.0%
净利率更高
AOS
高出8.8%
4.9%
自由现金流更多
SARO
多$141.8M
$165.5M
两年增速更快
SARO
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $1.6B |
| 净利润 | $125.4M | $78.6M |
| 毛利率 | 38.4% | 13.8% |
| 营业利润率 | 17.9% | 9.3% |
| 净利率 | 13.7% | 4.9% |
| 营收同比 | 0.0% | 13.5% |
| 净利润同比 | 14.3% | 659.6% |
| 每股收益（稀释后） | $0.89 | $0.24 |
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AOSSARO
| Q4 25 | $912.5M | $1.6B | ||
| Q3 25 | $942.5M | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $963.9M | $1.4B | ||
| Q4 24 | $912.4M | $1.4B | ||
| Q3 24 | $902.6M | $1.2B | ||
| Q2 24 | $1.0B | $1.3B | ||
| Q1 24 | $978.8M | $1.2B |
净利润AOSSARO
| Q4 25 | $125.4M | $78.6M | ||
| Q3 25 | $132.0M | $68.1M | ||
| Q2 25 | $152.2M | $67.7M | ||
| Q1 25 | $136.6M | $62.9M | ||
| Q4 24 | $109.7M | $-14.1M | ||
| Q3 24 | $120.1M | $16.4M | ||
| Q2 24 | $156.2M | $5.4M | ||
| Q1 24 | $147.6M | $3.2M |
毛利率AOSSARO
| Q4 25 | 38.4% | 13.8% | ||
| Q3 25 | 38.7% | 14.9% | ||
| Q2 25 | 39.3% | 15.4% | ||
| Q1 25 | 38.9% | 15.2% | ||
| Q4 24 | 37.1% | 14.3% | ||
| Q3 24 | 37.4% | 15.0% | ||
| Q2 24 | 38.7% | 13.7% | ||
| Q1 24 | 39.3% | 14.7% |
营业利润率AOSSARO
| Q4 25 | 17.9% | 9.3% | ||
| Q3 25 | 18.6% | 9.2% | ||
| Q2 25 | 20.4% | 8.9% | ||
| Q1 25 | 19.1% | 9.0% | ||
| Q4 24 | 10.1% | 6.7% | ||
| Q3 24 | 19.5% | 7.9% | ||
| Q2 24 | 21.9% | 7.8% | ||
| Q1 24 | 22.0% | 8.5% |
净利率AOSSARO
| Q4 25 | 13.7% | 4.9% | ||
| Q3 25 | 14.0% | 4.5% | ||
| Q2 25 | 15.0% | 4.4% | ||
| Q1 25 | 14.2% | 4.4% | ||
| Q4 24 | 12.0% | -1.0% | ||
| Q3 24 | 13.3% | 1.3% | ||
| Q2 24 | 15.2% | 0.4% | ||
| Q1 24 | 15.1% | 0.3% |
每股收益（稀释后）AOSSARO
| Q4 25 | $0.89 | $0.24 | ||
| Q3 25 | $0.94 | $0.20 | ||
| Q2 25 | $1.07 | $0.20 | ||
| Q1 25 | $0.95 | $0.19 | ||
| Q4 24 | $0.75 | $-0.05 | ||
| Q3 24 | $0.82 | $0.06 | ||
| Q2 24 | $1.06 | $0.02 | ||
| Q1 24 | $1.00 | $0.01 |
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 | — |
| 总债务越低越好 | $155.0M | $2.2B |
| 股东权益账面价值 | $1.9B | $2.7B |
| 总资产 | $3.1B | $6.6B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.83× |
8季度趋势，按日历期对齐
现金及短期投资AOSSARO
| Q4 25 | $193.2M | — | ||
| Q3 25 | $172.8M | — | ||
| Q2 25 | $177.9M | — | ||
| Q1 25 | $200.2M | — | ||
| Q4 24 | $276.1M | — | ||
| Q3 24 | $255.6M | — | ||
| Q2 24 | $233.3M | — | ||
| Q1 24 | $303.1M | — |
总债务AOSSARO
| Q4 25 | $155.0M | $2.2B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $193.2M | $2.2B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSSARO
| Q4 25 | $1.9B | $2.7B | ||
| Q3 25 | $1.8B | $2.6B | ||
| Q2 25 | $1.8B | $2.5B | ||
| Q1 25 | $1.9B | $2.4B | ||
| Q4 24 | $1.9B | $2.4B | ||
| Q3 24 | $1.9B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.9B | $1.2B |
总资产AOSSARO
| Q4 25 | $3.1B | $6.6B | ||
| Q3 25 | $3.2B | $6.6B | ||
| Q2 25 | $3.2B | $6.5B | ||
| Q1 25 | $3.3B | $6.5B | ||
| Q4 24 | $3.2B | $6.2B | ||
| Q3 24 | $3.2B | $6.1B | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.2B | — |
负债/权益比AOSSARO
| Q4 25 | 0.08× | 0.83× | ||
| Q3 25 | — | 0.90× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | 0.96× | ||
| Q4 24 | 0.10× | 0.94× | ||
| Q3 24 | — | 2.94× | ||
| 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 | $323.0M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $307.3M |
| 自由现金流率自由现金流/营收 | 18.1% | 19.2% |
| 资本支出强度资本支出/营收 | 1.9% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.46× | 4.11× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $234.3M |
8季度趋势，按日历期对齐
经营现金流AOSSARO
| Q4 25 | $183.1M | $323.0M | ||
| Q3 25 | $255.4M | $14.8M | ||
| Q2 25 | $139.6M | $2.9M | ||
| Q1 25 | $38.7M | $-24.0M | ||
| Q4 24 | $221.9M | — | ||
| Q3 24 | $195.9M | $-13.9M | ||
| Q2 24 | $57.4M | — | ||
| Q1 24 | $106.6M | $-83.6M |
自由现金流AOSSARO
| Q4 25 | $165.5M | $307.3M | ||
| Q3 25 | $240.6M | $-4.7M | ||
| Q2 25 | $122.5M | $-19.0M | ||
| Q1 25 | $17.4M | $-49.3M | ||
| Q4 24 | $191.3M | — | ||
| Q3 24 | $163.4M | $-39.2M | ||
| Q2 24 | $34.5M | — | ||
| Q1 24 | $84.6M | $-102.0M |
自由现金流率AOSSARO
| Q4 25 | 18.1% | 19.2% | ||
| Q3 25 | 25.5% | -0.3% | ||
| Q2 25 | 12.1% | -1.2% | ||
| Q1 25 | 1.8% | -3.4% | ||
| Q4 24 | 21.0% | — | ||
| Q3 24 | 18.1% | -3.1% | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 8.6% | -8.3% |
资本支出强度AOSSARO
| Q4 25 | 1.9% | 1.0% | ||
| Q3 25 | 1.6% | 1.3% | ||
| Q2 25 | 1.7% | 1.4% | ||
| Q1 25 | 2.2% | 1.8% | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.6% | 2.0% | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 2.2% | 1.5% |
现金转化率AOSSARO
| Q4 25 | 1.46× | 4.11× | ||
| Q3 25 | 1.93× | 0.22× | ||
| Q2 25 | 0.92× | 0.04× | ||
| Q1 25 | 0.28× | -0.38× | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | -0.84× | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.72× | -26.22× |
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% |
SARO
| Commercial Aerospace | $1.0B | 63% |
| Business Aviation | $266.2M | 17% |
| Military And Helicopter | $262.0M | 16% |
| Other | $68.1M | 4% |
