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A.O.史密斯（AOS）与Stagwell Inc（STGW）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Stagwell Inc的1.1倍（$912.5M vs $807.4M）。A.O.史密斯净利率更高（13.7% vs 1.6%，领先12.2%）。Stagwell Inc同比增速更快（2.4% vs 0.0%）。Stagwell Inc自由现金流更多（$242.9M vs $165.5M）。过去两年Stagwell Inc的营收复合增速更高（9.8% 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。
Stagwell Inc是一家全球营销传播集团，由马克·佩恩于2015年创立，前身为Stagwell Group。2020年集团宣布计划与关联企业MDC Partners合并，该合并交易于2021年8月正式完成，目前业务覆盖全球多个市场，为客户提供整合营销、品牌传播等专业服务。
AOS vs STGW — 直观对比
营收规模更大
AOS
是对方的1.1倍
$807.4M
营收增速更快
STGW
高出2.4%
0.0%
净利率更高
AOS
高出12.2%
1.6%
自由现金流更多
STGW
多$77.4M
$165.5M
两年增速更快
STGW
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $807.4M |
| 净利润 | $125.4M | $12.7M |
| 毛利率 | 38.4% | 37.6% |
| 营业利润率 | 17.9% | 7.0% |
| 净利率 | 13.7% | 1.6% |
| 营收同比 | 0.0% | 2.4% |
| 净利润同比 | 14.3% | 291.3% |
| 每股收益（稀释后） | $0.89 | — |
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AOSSTGW
| Q4 25 | $912.5M | $807.4M | ||
| Q3 25 | $942.5M | $743.0M | ||
| Q2 25 | $1.0B | $706.8M | ||
| Q1 25 | $963.9M | $651.7M | ||
| Q4 24 | $912.4M | $788.7M | ||
| Q3 24 | $902.6M | $711.3M | ||
| Q2 24 | $1.0B | $671.2M | ||
| Q1 24 | $978.8M | $670.1M |
净利润AOSSTGW
| Q4 25 | $125.4M | $12.7M | ||
| Q3 25 | $132.0M | $24.6M | ||
| Q2 25 | $152.2M | $-5.3M | ||
| Q1 25 | $136.6M | $-2.9M | ||
| Q4 24 | $109.7M | $3.2M | ||
| Q3 24 | $120.1M | $3.3M | ||
| Q2 24 | $156.2M | $-3.0M | ||
| Q1 24 | $147.6M | $-1.3M |
毛利率AOSSTGW
| Q4 25 | 38.4% | 37.6% | ||
| Q3 25 | 38.7% | 36.6% | ||
| Q2 25 | 39.3% | 35.0% | ||
| Q1 25 | 38.9% | 36.8% | ||
| Q4 24 | 37.1% | 36.3% | ||
| Q3 24 | 37.4% | 35.7% | ||
| Q2 24 | 38.7% | 34.6% | ||
| Q1 24 | 39.3% | 33.7% |
营业利润率AOSSTGW
| Q4 25 | 17.9% | 7.0% | ||
| Q3 25 | 18.6% | 8.2% | ||
| Q2 25 | 20.4% | 3.3% | ||
| Q1 25 | 19.1% | 2.8% | ||
| Q4 24 | 10.1% | 5.5% | ||
| Q3 24 | 19.5% | 5.9% | ||
| Q2 24 | 21.9% | 3.3% | ||
| Q1 24 | 22.0% | 3.9% |
净利率AOSSTGW
| Q4 25 | 13.7% | 1.6% | ||
| Q3 25 | 14.0% | 3.3% | ||
| Q2 25 | 15.0% | -0.7% | ||
| Q1 25 | 14.2% | -0.4% | ||
| Q4 24 | 12.0% | 0.4% | ||
| Q3 24 | 13.3% | 0.5% | ||
| Q2 24 | 15.2% | -0.4% | ||
| Q1 24 | 15.1% | -0.2% |
每股收益（稀释后）AOSSTGW
| Q4 25 | $0.89 | — | ||
| Q3 25 | $0.94 | — | ||
| Q2 25 | $1.07 | — | ||
| Q1 25 | $0.95 | — | ||
| Q4 24 | $0.75 | — | ||
| Q3 24 | $0.82 | — | ||
| Q2 24 | $1.06 | — | ||
| Q1 24 | $1.00 | — |
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 | $104.5M |
| 总债务越低越好 | $155.0M | $1.3B |
| 股东权益账面价值 | $1.9B | $758.4M |
| 总资产 | $3.1B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.08× | 1.75× |
8季度趋势，按日历期对齐
现金及短期投资AOSSTGW
| Q4 25 | $193.2M | $104.5M | ||
| Q3 25 | $172.8M | $132.2M | ||
| Q2 25 | $177.9M | $181.3M | ||
| Q1 25 | $200.2M | $137.7M | ||
| Q4 24 | $276.1M | $131.3M | ||
| Q3 24 | $255.6M | $145.8M | ||
| Q2 24 | $233.3M | $136.1M | ||
| Q1 24 | $303.1M | $129.8M |
总债务AOSSTGW
| Q4 25 | $155.0M | $1.3B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $193.2M | $1.4B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.3B |
股东权益AOSSTGW
| Q4 25 | $1.9B | $758.4M | ||
| Q3 25 | $1.8B | $749.0M | ||
| Q2 25 | $1.8B | $750.1M | ||
| Q1 25 | $1.9B | $334.4M | ||
| Q4 24 | $1.9B | $331.7M | ||
| Q3 24 | $1.9B | $286.4M | ||
| Q2 24 | $1.9B | $291.6M | ||
| Q1 24 | $1.9B | $337.7M |
总资产AOSSTGW
| Q4 25 | $3.1B | $4.2B | ||
| Q3 25 | $3.2B | $4.3B | ||
| Q2 25 | $3.2B | $4.3B | ||
| Q1 25 | $3.3B | $4.0B | ||
| Q4 24 | $3.2B | $3.9B | ||
| Q3 24 | $3.2B | $3.8B | ||
| Q2 24 | $3.2B | $3.8B | ||
| Q1 24 | $3.2B | $3.8B |
负债/权益比AOSSTGW
| Q4 25 | 0.08× | 1.75× | ||
| Q3 25 | — | 2.04× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | — | 4.38× | ||
| Q4 24 | 0.10× | 4.08× | ||
| Q3 24 | — | 5.11× | ||
| Q2 24 | — | 4.88× | ||
| Q1 24 | — | 3.76× |
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 | $260.3M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $242.9M |
| 自由现金流率自由现金流/营收 | 18.1% | 30.1% |
| 资本支出强度资本支出/营收 | 1.9% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.46× | 20.56× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $247.3M |
8季度趋势，按日历期对齐
经营现金流AOSSTGW
| Q4 25 | $183.1M | $260.3M | ||
| Q3 25 | $255.4M | $-24.0M | ||
| Q2 25 | $139.6M | $114.8M | ||
| Q1 25 | $38.7M | $-60.0M | ||
| Q4 24 | $221.9M | $212.1M | ||
| Q3 24 | $195.9M | $-1.6M | ||
| Q2 24 | $57.4M | $-14.5M | ||
| Q1 24 | $106.6M | $-53.1M |
自由现金流AOSSTGW
| Q4 25 | $165.5M | $242.9M | ||
| Q3 25 | $240.6M | $-38.8M | ||
| Q2 25 | $122.5M | $107.1M | ||
| Q1 25 | $17.4M | $-63.9M | ||
| Q4 24 | $191.3M | $209.9M | ||
| Q3 24 | $163.4M | $-4.3M | ||
| Q2 24 | $34.5M | $-23.0M | ||
| Q1 24 | $84.6M | $-58.6M |
自由现金流率AOSSTGW
| Q4 25 | 18.1% | 30.1% | ||
| Q3 25 | 25.5% | -5.2% | ||
| Q2 25 | 12.1% | 15.1% | ||
| Q1 25 | 1.8% | -9.8% | ||
| Q4 24 | 21.0% | 26.6% | ||
| Q3 24 | 18.1% | -0.6% | ||
| Q2 24 | 3.4% | -3.4% | ||
| Q1 24 | 8.6% | -8.7% |
资本支出强度AOSSTGW
| Q4 25 | 1.9% | 2.2% | ||
| Q3 25 | 1.6% | 2.0% | ||
| Q2 25 | 1.7% | 1.1% | ||
| Q1 25 | 2.2% | 0.6% | ||
| Q4 24 | 3.4% | 0.3% | ||
| Q3 24 | 3.6% | 0.4% | ||
| Q2 24 | 2.2% | 1.3% | ||
| Q1 24 | 2.2% | 0.8% |
现金转化率AOSSTGW
| Q4 25 | 1.46× | 20.56× | ||
| Q3 25 | 1.93× | -0.98× | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | 65.56× | ||
| Q3 24 | 1.63× | -0.49× | ||
| 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% |
STGW
暂无分部数据
