vs
A.O.史密斯（AOS）与SILGAN HOLDINGS INC（SLGN）财务数据对比。点击上方公司名可切换其他公司
SILGAN HOLDINGS INC的季度营收约是A.O.史密斯的1.6倍（$1.5B vs $912.5M）。A.O.史密斯净利率更高（13.7% vs 1.2%，领先12.5%）。SILGAN HOLDINGS INC同比增速更快（4.1% vs 0.0%）。SILGAN HOLDINGS INC自由现金流更多（$1.2B vs $165.5M）。过去两年SILGAN HOLDINGS INC的营收复合增速更高（5.6% 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。
西尔根控股是一家总部位于美国康涅狄格州的消费品包装制造企业，1987年由原大陆制罐公司的两名高管菲尔·西尔弗与格雷格·霍里根共同创立，公司名称正是取自两位创始人的名字组合，目前在全球包装供应链中占据重要市场地位，为众多快消品牌提供各类包装解决方案。
AOS vs SLGN — 直观对比
营收规模更大
SLGN
是对方的1.6倍
$912.5M
营收增速更快
SLGN
高出4.1%
0.0%
净利率更高
AOS
高出12.5%
1.2%
自由现金流更多
SLGN
多$1.1B
$165.5M
两年增速更快
SLGN
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $1.5B |
| 净利润 | $125.4M | $18.2M |
| 毛利率 | 38.4% | 17.2% |
| 营业利润率 | 17.9% | 3.6% |
| 净利率 | 13.7% | 1.2% |
| 营收同比 | 0.0% | 4.1% |
| 净利润同比 | 14.3% | -59.6% |
| 每股收益（稀释后） | $0.89 | $0.18 |
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AOSSLGN
| Q4 25 | $912.5M | $1.5B | ||
| Q3 25 | $942.5M | $2.0B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $963.9M | $1.5B | ||
| Q4 24 | $912.4M | $1.4B | ||
| Q3 24 | $902.6M | $1.7B | ||
| Q2 24 | $1.0B | $1.4B | ||
| Q1 24 | $978.8M | $1.3B |
净利润AOSSLGN
| Q4 25 | $125.4M | $18.2M | ||
| Q3 25 | $132.0M | $113.3M | ||
| Q2 25 | $152.2M | $88.9M | ||
| Q1 25 | $136.6M | $68.0M | ||
| Q4 24 | $109.7M | $45.1M | ||
| Q3 24 | $120.1M | $100.1M | ||
| Q2 24 | $156.2M | $76.1M | ||
| Q1 24 | $147.6M | $55.2M |
毛利率AOSSLGN
| Q4 25 | 38.4% | 17.2% | ||
| Q3 25 | 38.7% | 16.3% | ||
| Q2 25 | 39.3% | 19.4% | ||
| Q1 25 | 38.9% | 18.4% | ||
| Q4 24 | 37.1% | 16.9% | ||
| Q3 24 | 37.4% | 16.8% | ||
| Q2 24 | 38.7% | 18.5% | ||
| Q1 24 | 39.3% | 17.0% |
营业利润率AOSSLGN
| Q4 25 | 17.9% | 3.6% | ||
| Q3 25 | 18.6% | 7.4% | ||
| Q2 25 | 20.4% | 7.7% | ||
| Q1 25 | 19.1% | 6.0% | ||
| Q4 24 | 10.1% | 3.4% | ||
| Q3 24 | 19.5% | 7.2% | ||
| Q2 24 | 21.9% | 7.3% | ||
| Q1 24 | 22.0% | 5.5% |
净利率AOSSLGN
| Q4 25 | 13.7% | 1.2% | ||
| Q3 25 | 14.0% | 5.6% | ||
| Q2 25 | 15.0% | 5.8% | ||
| Q1 25 | 14.2% | 4.6% | ||
| Q4 24 | 12.0% | 3.2% | ||
| Q3 24 | 13.3% | 5.7% | ||
| Q2 24 | 15.2% | 5.5% | ||
| Q1 24 | 15.1% | 4.2% |
每股收益（稀释后）AOSSLGN
| Q4 25 | $0.89 | $0.18 | ||
| Q3 25 | $0.94 | $1.06 | ||
| Q2 25 | $1.07 | $0.83 | ||
| Q1 25 | $0.95 | $0.63 | ||
| Q4 24 | $0.75 | $0.42 | ||
| Q3 24 | $0.82 | $0.93 | ||
| Q2 24 | $1.06 | $0.71 | ||
| Q1 24 | $1.00 | $0.52 |
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 | $1.1B |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $2.3B |
| 总资产 | $3.1B | $9.4B |
| 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AOSSLGN
| Q4 25 | $193.2M | $1.1B | ||
| Q3 25 | $172.8M | $389.2M | ||
| Q2 25 | $177.9M | $317.5M | ||
| Q1 25 | $200.2M | $353.0M | ||
| Q4 24 | $276.1M | $822.9M | ||
| Q3 24 | $255.6M | $368.5M | ||
| Q2 24 | $233.3M | $302.8M | ||
| Q1 24 | $303.1M | $308.6M |
总债务AOSSLGN
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSSLGN
| Q4 25 | $1.9B | $2.3B | ||
| Q3 25 | $1.8B | $2.3B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $1.9B | $2.1B | ||
| Q4 24 | $1.9B | $2.0B | ||
| Q3 24 | $1.9B | $2.1B | ||
| Q2 24 | $1.9B | $1.9B | ||
| Q1 24 | $1.9B | $1.9B |
总资产AOSSLGN
| Q4 25 | $3.1B | $9.4B | ||
| Q3 25 | $3.2B | $9.5B | ||
| Q2 25 | $3.2B | $9.4B | ||
| Q1 25 | $3.3B | $8.8B | ||
| Q4 24 | $3.2B | $8.6B | ||
| Q3 24 | $3.2B | $7.7B | ||
| Q2 24 | $3.2B | $7.7B | ||
| Q1 24 | $3.2B | $7.6B |
负债/权益比AOSSLGN
| 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 | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $1.2B |
| 自由现金流率自由现金流/营收 | 18.1% | 83.2% |
| 资本支出强度资本支出/营收 | 1.9% | 4.9% |
| 现金转化率经营现金流/净利润 | 1.46× | 71.07× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $422.7M |
8季度趋势，按日历期对齐
经营现金流AOSSLGN
| Q4 25 | $183.1M | $1.3B | ||
| Q3 25 | $255.4M | $340.9M | ||
| Q2 25 | $139.6M | $-221.4M | ||
| Q1 25 | $38.7M | $-683.4M | ||
| Q4 24 | $221.9M | $935.8M | ||
| Q3 24 | $195.9M | $313.0M | ||
| Q2 24 | $57.4M | $20.9M | ||
| Q1 24 | $106.6M | $-547.8M |
自由现金流AOSSLGN
| Q4 25 | $165.5M | $1.2B | ||
| Q3 25 | $240.6M | $260.8M | ||
| Q2 25 | $122.5M | $-294.2M | ||
| Q1 25 | $17.4M | $-766.3M | ||
| Q4 24 | $191.3M | $865.0M | ||
| Q3 24 | $163.4M | $252.4M | ||
| Q2 24 | $34.5M | $-35.3M | ||
| Q1 24 | $84.6M | $-623.1M |
自由现金流率AOSSLGN
| Q4 25 | 18.1% | 83.2% | ||
| Q3 25 | 25.5% | 13.0% | ||
| Q2 25 | 12.1% | -19.1% | ||
| Q1 25 | 1.8% | -52.2% | ||
| Q4 24 | 21.0% | 61.3% | ||
| Q3 24 | 18.1% | 14.5% | ||
| Q2 24 | 3.4% | -2.6% | ||
| Q1 24 | 8.6% | -47.3% |
资本支出强度AOSSLGN
| Q4 25 | 1.9% | 4.9% | ||
| Q3 25 | 1.6% | 4.0% | ||
| Q2 25 | 1.7% | 4.7% | ||
| Q1 25 | 2.2% | 5.7% | ||
| Q4 24 | 3.4% | 5.0% | ||
| Q3 24 | 3.6% | 3.5% | ||
| Q2 24 | 2.2% | 4.1% | ||
| Q1 24 | 2.2% | 5.7% |
现金转化率AOSSLGN
| Q4 25 | 1.46× | 71.07× | ||
| Q3 25 | 1.93× | 3.01× | ||
| Q2 25 | 0.92× | -2.49× | ||
| Q1 25 | 0.28× | -10.06× | ||
| Q4 24 | 2.02× | 20.77× | ||
| Q3 24 | 1.63× | 3.13× | ||
| Q2 24 | 0.37× | 0.27× | ||
| Q1 24 | 0.72× | -9.93× |
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% |
SLGN
| Metal Containers | $675.6M | 46% |
| Dispensing And Specialty Closures | $643.6M | 44% |
| Custom Containers | $149.4M | 10% |
