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A.O.史密斯（AOS）与NUSCALE POWER Corp（SMR）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NUSCALE POWER Corp的504.7倍（$912.5M vs $1.8M）。A.O.史密斯净利率更高（13.7% vs -2811.3%，领先2825.1%）。A.O.史密斯同比增速更快（0.0% vs -94.7%）。过去两年NUSCALE POWER Corp的营收复合增速更高（14.5% 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。
NuScale Power是美国上市企业，总部位于俄勒冈州蒂加德，专注于小型模块化反应堆（SMR）的设计与商业化推广。旗下采用50兆瓦级模块的VOYGR核电站是2022年首个获得美国核管理委员会认证的SMR产品，后续推出的77兆瓦级VOYGR-4、VOYGR-6设计也于2025年5月正式获批。
AOS vs SMR — 直观对比
营收规模更大
AOS
是对方的504.7倍
$1.8M
营收增速更快
AOS
高出94.7%
-94.7%
净利率更高
AOS
高出2825.1%
-2811.3%
两年增速更快
SMR
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $1.8M |
| 净利润 | $125.4M | $-50.8M |
| 毛利率 | 38.4% | -3.4% |
| 营业利润率 | 17.9% | -4022.2% |
| 净利率 | 13.7% | -2811.3% |
| 营收同比 | 0.0% | -94.7% |
| 净利润同比 | 14.3% | 32.2% |
| 每股收益（稀释后） | $0.89 | $-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AOSSMR
| Q4 25 | $912.5M | $1.8M | ||
| Q3 25 | $942.5M | $8.2M | ||
| Q2 25 | $1.0B | $8.1M | ||
| Q1 25 | $963.9M | $13.4M | ||
| Q4 24 | $912.4M | $34.2M | ||
| Q3 24 | $902.6M | $475.0K | ||
| Q2 24 | $1.0B | $967.0K | ||
| Q1 24 | $978.8M | $1.4M |
净利润AOSSMR
| Q4 25 | $125.4M | $-50.8M | ||
| Q3 25 | $132.0M | $-273.3M | ||
| Q2 25 | $152.2M | $-17.6M | ||
| Q1 25 | $136.6M | $-14.0M | ||
| Q4 24 | $109.7M | $-75.0M | ||
| Q3 24 | $120.1M | $-17.5M | ||
| Q2 24 | $156.2M | $-27.6M | ||
| Q1 24 | $147.6M | $-16.6M |
毛利率AOSSMR
| Q4 25 | 38.4% | -3.4% | ||
| Q3 25 | 38.7% | 32.9% | ||
| Q2 25 | 39.3% | 22.1% | ||
| Q1 25 | 38.9% | 52.4% | ||
| Q4 24 | 37.1% | 91.1% | ||
| Q3 24 | 37.4% | 37.9% | ||
| Q2 24 | 38.7% | 12.1% | ||
| Q1 24 | 39.3% | 46.7% |
营业利润率AOSSMR
| Q4 25 | 17.9% | -4022.2% | ||
| Q3 25 | 18.6% | -6532.9% | ||
| Q2 25 | 20.4% | -534.9% | ||
| Q1 25 | 19.1% | -264.1% | ||
| Q4 24 | 10.1% | -34.6% | ||
| Q3 24 | 19.5% | -8635.6% | ||
| Q2 24 | 21.9% | -4330.7% | ||
| Q1 24 | 22.0% | -3188.8% |
净利率AOSSMR
| Q4 25 | 13.7% | -2811.3% | ||
| Q3 25 | 14.0% | -3316.2% | ||
| Q2 25 | 15.0% | -219.0% | ||
| Q1 25 | 14.2% | -104.7% | ||
| Q4 24 | 12.0% | -219.1% | ||
| Q3 24 | 13.3% | -3675.6% | ||
| Q2 24 | 15.2% | -2855.9% | ||
| Q1 24 | 15.1% | -1201.7% |
每股收益（稀释后）AOSSMR
| Q4 25 | $0.89 | $-0.08 | ||
| Q3 25 | $0.94 | $-1.85 | ||
| Q2 25 | $1.07 | $-0.13 | ||
| Q1 25 | $0.95 | $-0.11 | ||
| Q4 24 | $0.75 | $-0.77 | ||
| Q3 24 | $0.82 | $-0.18 | ||
| Q2 24 | $1.06 | $-0.31 | ||
| Q1 24 | $1.00 | $-0.21 |
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 | $1.3B |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $1.2B |
| 总资产 | $3.1B | $1.4B |
| 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AOSSMR
| Q4 25 | $193.2M | $1.3B | ||
| Q3 25 | $172.8M | $691.8M | ||
| Q2 25 | $177.9M | $420.7M | ||
| Q1 25 | $200.2M | $521.4M | ||
| Q4 24 | $276.1M | $441.6M | ||
| Q3 24 | $255.6M | $156.6M | ||
| Q2 24 | $233.3M | $130.9M | ||
| Q1 24 | $303.1M | $132.0M |
总债务AOSSMR
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSSMR
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.8B | $828.7M | ||
| Q2 25 | $1.8B | $692.9M | ||
| Q1 25 | $1.9B | $704.0M | ||
| Q4 24 | $1.9B | $618.7M | ||
| Q3 24 | $1.9B | $160.1M | ||
| Q2 24 | $1.9B | $136.3M | ||
| Q1 24 | $1.9B | $125.1M |
总资产AOSSMR
| Q4 25 | $3.1B | $1.4B | ||
| Q3 25 | $3.2B | $883.1M | ||
| Q2 25 | $3.2B | $606.5M | ||
| Q1 25 | $3.3B | $618.1M | ||
| Q4 24 | $3.2B | $544.7M | ||
| Q3 24 | $3.2B | $253.3M | ||
| Q2 24 | $3.2B | $229.2M | ||
| Q1 24 | $3.2B | $229.8M |
负债/权益比AOSSMR
| 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 | $-203.7M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | — |
| 自由现金流率自由现金流/营收 | 18.1% | — |
| 资本支出强度资本支出/营收 | 1.9% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AOSSMR
| Q4 25 | $183.1M | $-203.7M | ||
| Q3 25 | $255.4M | $-199.8M | ||
| Q2 25 | $139.6M | $-33.3M | ||
| Q1 25 | $38.7M | $-22.8M | ||
| Q4 24 | $221.9M | $-26.4M | ||
| Q3 24 | $195.9M | $-12.7M | ||
| Q2 24 | $57.4M | $-36.0M | ||
| Q1 24 | $106.6M | $-33.5M |
自由现金流AOSSMR
| Q4 25 | $165.5M | — | ||
| Q3 25 | $240.6M | $-199.9M | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $17.4M | $-22.9M | ||
| Q4 24 | $191.3M | $-26.5M | ||
| Q3 24 | $163.4M | — | ||
| Q2 24 | $34.5M | — | ||
| Q1 24 | $84.6M | — |
自由现金流率AOSSMR
| Q4 25 | 18.1% | — | ||
| Q3 25 | 25.5% | -2425.1% | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 1.8% | -170.9% | ||
| Q4 24 | 21.0% | -77.3% | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 8.6% | — |
资本支出强度AOSSMR
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.6% | 0.9% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.2% | 0.5% | ||
| Q4 24 | 3.4% | 0.1% | ||
| Q3 24 | 3.6% | 0.0% | ||
| Q2 24 | 2.2% | 0.0% | ||
| Q1 24 | 2.2% | 0.0% |
现金转化率AOSSMR
| 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× | — | ||
| 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% |
SMR
暂无分部数据
