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A.O.史密斯（AOS）与Sylvamo Corp（SLVM）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Sylvamo Corp的1.3倍（$945.6M vs $755.0M），A.O.史密斯净利率更高（12.5% vs -0.4%，领先12.9%），A.O.史密斯同比增速更快（-2.0% vs -8.0%），过去两年A.O.史密斯的营收复合增速更高（-3.9% vs -10.0%）
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。
西尔瓦莫公司是全球领先的可持续纸浆与纸品生产商，核心产品包括非涂布印刷纸、包装纸及商用纸浆，业务覆盖北美、欧洲、拉美地区，服务办公耗材、出版、商业印刷、包装等多个领域。
AOS vs SLVM — 直观对比
营收规模更大
AOS
是对方的1.3倍
$755.0M
营收增速更快
AOS
高出6.0%
-8.0%
净利率更高
AOS
高出12.9%
-0.4%
两年增速更快
AOS
近两年复合增速
-10.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $755.0M |
| 净利润 | $118.0M | $-3.0M |
| 毛利率 | 38.7% | — |
| 营业利润率 | — | — |
| 净利率 | 12.5% | -0.4% |
| 营收同比 | -2.0% | -8.0% |
| 净利润同比 | -14.0% | — |
| 每股收益（稀释后） | $0.85 | $-0.08 |
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AOSSLVM
| Q1 26 | $945.6M | $755.0M | ||
| Q4 25 | $912.5M | $890.0M | ||
| Q3 25 | $942.5M | $846.0M | ||
| Q2 25 | $1.0B | $794.0M | ||
| Q1 25 | $963.9M | $821.0M | ||
| Q4 24 | $912.4M | $970.0M | ||
| Q3 24 | $902.6M | $965.0M | ||
| Q2 24 | $1.0B | $933.0M |
净利润AOSSLVM
| Q1 26 | $118.0M | $-3.0M | ||
| Q4 25 | $125.4M | $33.0M | ||
| Q3 25 | $132.0M | $57.0M | ||
| Q2 25 | $152.2M | $15.0M | ||
| Q1 25 | $136.6M | $27.0M | ||
| Q4 24 | $109.7M | $81.0M | ||
| Q3 24 | $120.1M | $95.0M | ||
| Q2 24 | $156.2M | $83.0M |
毛利率AOSSLVM
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | — | ||
| Q2 24 | 38.7% | — |
营业利润率AOSSLVM
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 8.9% | ||
| Q3 25 | 18.6% | 11.6% | ||
| Q2 25 | 20.4% | 3.8% | ||
| Q1 25 | 19.1% | 5.4% | ||
| Q4 24 | 10.1% | 11.2% | ||
| Q3 24 | 19.5% | 15.5% | ||
| Q2 24 | 21.9% | 13.1% |
净利率AOSSLVM
| Q1 26 | 12.5% | -0.4% | ||
| Q4 25 | 13.7% | 3.7% | ||
| Q3 25 | 14.0% | 6.7% | ||
| Q2 25 | 15.0% | 1.9% | ||
| Q1 25 | 14.2% | 3.3% | ||
| Q4 24 | 12.0% | 8.4% | ||
| Q3 24 | 13.3% | 9.8% | ||
| Q2 24 | 15.2% | 8.9% |
每股收益（稀释后）AOSSLVM
| Q1 26 | $0.85 | $-0.08 | ||
| Q4 25 | $0.89 | $0.81 | ||
| Q3 25 | $0.94 | $1.41 | ||
| Q2 25 | $1.07 | $0.37 | ||
| Q1 25 | $0.95 | $0.65 | ||
| Q4 24 | $0.75 | $1.91 | ||
| Q3 24 | $0.82 | $2.27 | ||
| Q2 24 | $1.06 | $1.98 |
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 | — |
| 总债务越低越好 | $574.2M | $766.0M |
| 股东权益账面价值 | $1.9B | $979.0M |
| 总资产 | $3.7B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.31× | 0.78× |
8季度趋势，按日历期对齐
现金及短期投资AOSSLVM
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $198.0M | ||
| Q3 25 | $172.8M | $146.0M | ||
| Q2 25 | $177.9M | $183.0M | ||
| Q1 25 | $200.2M | $220.0M | ||
| Q4 24 | $276.1M | $309.0M | ||
| Q3 24 | $255.6M | $414.0M | ||
| Q2 24 | $233.3M | $213.0M |
总债务AOSSLVM
| Q1 26 | $574.2M | $766.0M | ||
| Q4 25 | $155.0M | $763.0M | ||
| Q3 25 | — | $778.0M | ||
| Q2 25 | — | $767.0M | ||
| Q1 25 | — | $794.0M | ||
| Q4 24 | $193.2M | $782.0M | ||
| Q3 24 | — | $883.0M | ||
| Q2 24 | — | $894.0M |
股东权益AOSSLVM
| Q1 26 | $1.9B | $979.0M | ||
| Q4 25 | $1.9B | $966.0M | ||
| Q3 25 | $1.8B | $977.0M | ||
| Q2 25 | $1.8B | $959.0M | ||
| Q1 25 | $1.9B | $908.0M | ||
| Q4 24 | $1.9B | $847.0M | ||
| Q3 24 | $1.9B | $937.0M | ||
| Q2 24 | $1.9B | $830.0M |
总资产AOSSLVM
| Q1 26 | $3.7B | $2.8B | ||
| Q4 25 | $3.1B | $2.8B | ||
| Q3 25 | $3.2B | $2.7B | ||
| Q2 25 | $3.2B | $2.7B | ||
| Q1 25 | $3.3B | $2.6B | ||
| Q4 24 | $3.2B | $2.6B | ||
| Q3 24 | $3.2B | $2.9B | ||
| Q2 24 | $3.2B | $2.7B |
负债/权益比AOSSLVM
| Q1 26 | 0.31× | 0.78× | ||
| Q4 25 | 0.08× | 0.79× | ||
| Q3 25 | — | 0.80× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | 0.10× | 0.92× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 1.08× |
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 | — | $-59.0M |
| 自由现金流率自由现金流/营收 | — | -7.8% |
| 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 | — | $10.0M |
8季度趋势，按日历期对齐
经营现金流AOSSLVM
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $94.0M | ||
| Q3 25 | $255.4M | $87.0M | ||
| Q2 25 | $139.6M | $64.0M | ||
| Q1 25 | $38.7M | $23.0M | ||
| Q4 24 | $221.9M | $164.0M | ||
| Q3 24 | $195.9M | $163.0M | ||
| Q2 24 | $57.4M | $115.0M |
自由现金流AOSSLVM
| Q1 26 | — | $-59.0M | ||
| Q4 25 | $165.5M | $38.0M | ||
| Q3 25 | $240.6M | $33.0M | ||
| Q2 25 | $122.5M | $-2.0M | ||
| Q1 25 | $17.4M | $-25.0M | ||
| Q4 24 | $191.3M | $100.0M | ||
| Q3 24 | $163.4M | $119.0M | ||
| Q2 24 | $34.5M | $62.0M |
自由现金流率AOSSLVM
| Q1 26 | — | -7.8% | ||
| Q4 25 | 18.1% | 4.3% | ||
| Q3 25 | 25.5% | 3.9% | ||
| Q2 25 | 12.1% | -0.3% | ||
| Q1 25 | 1.8% | -3.0% | ||
| Q4 24 | 21.0% | 10.3% | ||
| Q3 24 | 18.1% | 12.3% | ||
| Q2 24 | 3.4% | 6.6% |
资本支出强度AOSSLVM
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 6.3% | ||
| Q3 25 | 1.6% | 6.4% | ||
| Q2 25 | 1.7% | 8.3% | ||
| Q1 25 | 2.2% | 5.8% | ||
| Q4 24 | 3.4% | 6.6% | ||
| Q3 24 | 3.6% | 4.6% | ||
| Q2 24 | 2.2% | 5.7% |
现金转化率AOSSLVM
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 2.85× | ||
| Q3 25 | 1.93× | 1.53× | ||
| Q2 25 | 0.92× | 4.27× | ||
| Q1 25 | 0.28× | 0.85× | ||
| Q4 24 | 2.02× | 2.02× | ||
| Q3 24 | 1.63× | 1.72× | ||
| Q2 24 | 0.37× | 1.39× |
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
暂无分部数据
SLVM
| North America | $390.0M | 52% |
| Europe | $190.0M | 25% |
| Latin America | $187.0M | 25% |
