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A.O.史密斯（AOS）与史密斯威森（SWBI）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史密斯威森的7.3倍（$912.5M vs $124.7M）。A.O.史密斯净利率更高（13.7% vs 1.5%，领先12.2%）。A.O.史密斯同比增速更快（0.0% vs -3.9%）。A.O.史密斯自由现金流更多（$165.5M vs $16.3M）。过去两年A.O.史密斯的营收复合增速更高（-3.4% vs -4.8%）
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。
史密斯韦森品牌公司是总部位于美国田纳西州玛丽维尔的美国枪械制造商，是美国历史悠久的知名枪械生产企业，在民用和执法枪械领域拥有较高的市场知名度。
AOS vs SWBI — 直观对比
营收规模更大
AOS
是对方的7.3倍
$124.7M
营收增速更快
AOS
高出3.9%
-3.9%
净利率更高
AOS
高出12.2%
1.5%
自由现金流更多
AOS
多$149.2M
$16.3M
两年增速更快
AOS
近两年复合增速
-4.8%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $124.7M |
| 净利润 | $125.4M | $1.9M |
| 毛利率 | 38.4% | 24.3% |
| 营业利润率 | 17.9% | 3.3% |
| 净利率 | 13.7% | 1.5% |
| 营收同比 | 0.0% | -3.9% |
| 净利润同比 | 14.3% | -53.6% |
| 每股收益（稀释后） | $0.89 | $0.04 |
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AOSSWBI
| Q4 25 | $912.5M | $124.7M | ||
| Q3 25 | $942.5M | $85.1M | ||
| Q2 25 | $1.0B | $140.8M | ||
| Q1 25 | $963.9M | $115.9M | ||
| Q4 24 | $912.4M | $129.7M | ||
| Q3 24 | $902.6M | $88.3M | ||
| Q2 24 | $1.0B | $159.1M | ||
| Q1 24 | $978.8M | $137.5M |
净利润AOSSWBI
| Q4 25 | $125.4M | $1.9M | ||
| Q3 25 | $132.0M | $-3.4M | ||
| Q2 25 | $152.2M | $8.6M | ||
| Q1 25 | $136.6M | $2.1M | ||
| Q4 24 | $109.7M | $4.5M | ||
| Q3 24 | $120.1M | $-1.9M | ||
| Q2 24 | $156.2M | $27.9M | ||
| Q1 24 | $147.6M | $7.9M |
毛利率AOSSWBI
| Q4 25 | 38.4% | 24.3% | ||
| Q3 25 | 38.7% | 25.9% | ||
| Q2 25 | 39.3% | 28.8% | ||
| Q1 25 | 38.9% | 24.1% | ||
| Q4 24 | 37.1% | 26.6% | ||
| Q3 24 | 37.4% | 27.4% | ||
| Q2 24 | 38.7% | 35.5% | ||
| Q1 24 | 39.3% | 28.7% |
营业利润率AOSSWBI
| Q4 25 | 17.9% | 3.3% | ||
| Q3 25 | 18.6% | -3.5% | ||
| Q2 25 | 20.4% | 9.3% | ||
| Q1 25 | 19.1% | 4.1% | ||
| Q4 24 | 10.1% | 5.8% | ||
| Q3 24 | 19.5% | -1.7% | ||
| Q2 24 | 21.9% | 17.4% | ||
| Q1 24 | 22.0% | 8.2% |
净利率AOSSWBI
| Q4 25 | 13.7% | 1.5% | ||
| Q3 25 | 14.0% | -4.0% | ||
| Q2 25 | 15.0% | 6.1% | ||
| Q1 25 | 14.2% | 1.8% | ||
| Q4 24 | 12.0% | 3.5% | ||
| Q3 24 | 13.3% | -2.1% | ||
| Q2 24 | 15.2% | 17.5% | ||
| Q1 24 | 15.1% | 5.7% |
每股收益（稀释后）AOSSWBI
| Q4 25 | $0.89 | $0.04 | ||
| Q3 25 | $0.94 | $-0.08 | ||
| Q2 25 | $1.07 | $0.19 | ||
| Q1 25 | $0.95 | $0.05 | ||
| Q4 24 | $0.75 | $0.10 | ||
| Q3 24 | $0.82 | $-0.04 | ||
| Q2 24 | $1.06 | $0.60 | ||
| Q1 24 | $1.00 | $0.17 |
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 | $22.4M |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $363.2M |
| 总资产 | $3.1B | $548.6M |
| 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AOSSWBI
| Q4 25 | $193.2M | $22.4M | ||
| Q3 25 | $172.8M | $18.0M | ||
| Q2 25 | $177.9M | $25.2M | ||
| Q1 25 | $200.2M | $26.7M | ||
| Q4 24 | $276.1M | $39.1M | ||
| Q3 24 | $255.6M | $35.5M | ||
| Q2 24 | $233.3M | $60.8M | ||
| Q1 24 | $303.1M | $47.4M |
总债务AOSSWBI
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSSWBI
| Q4 25 | $1.9B | $363.2M | ||
| Q3 25 | $1.8B | $364.4M | ||
| Q2 25 | $1.8B | $372.5M | ||
| Q1 25 | $1.9B | $366.9M | ||
| Q4 24 | $1.9B | $371.5M | ||
| Q3 24 | $1.9B | $380.0M | ||
| Q2 24 | $1.9B | $399.9M | ||
| Q1 24 | $1.9B | $376.4M |
总资产AOSSWBI
| Q4 25 | $3.1B | $548.6M | ||
| Q3 25 | $3.2B | $554.6M | ||
| Q2 25 | $3.2B | $559.6M | ||
| Q1 25 | $3.3B | $578.9M | ||
| Q4 24 | $3.2B | $587.4M | ||
| Q3 24 | $3.2B | $571.3M | ||
| Q2 24 | $3.2B | $577.4M | ||
| Q1 24 | $3.2B | $570.6M |
负债/权益比AOSSWBI
| 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 | $27.3M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $16.3M |
| 自由现金流率自由现金流/营收 | 18.1% | 13.1% |
| 资本支出强度资本支出/营收 | 1.9% | 8.8% |
| 现金转化率经营现金流/净利润 | 1.46× | 14.22× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $21.3M |
8季度趋势，按日历期对齐
经营现金流AOSSWBI
| Q4 25 | $183.1M | $27.3M | ||
| Q3 25 | $255.4M | $-8.1M | ||
| Q2 25 | $139.6M | $40.8M | ||
| Q1 25 | $38.7M | $-9.8M | ||
| Q4 24 | $221.9M | $-7.4M | ||
| Q3 24 | $195.9M | $-30.8M | ||
| Q2 24 | $57.4M | $43.7M | ||
| Q1 24 | $106.6M | $25.2M |
自由现金流AOSSWBI
| Q4 25 | $165.5M | $16.3M | ||
| Q3 25 | $240.6M | $-12.4M | ||
| Q2 25 | $122.5M | $33.5M | ||
| Q1 25 | $17.4M | $-16.1M | ||
| Q4 24 | $191.3M | $-10.7M | ||
| Q3 24 | $163.4M | $-35.5M | ||
| Q2 24 | $34.5M | $38.2M | ||
| Q1 24 | $84.6M | $7.0M |
自由现金流率AOSSWBI
| Q4 25 | 18.1% | 13.1% | ||
| Q3 25 | 25.5% | -14.6% | ||
| Q2 25 | 12.1% | 23.8% | ||
| Q1 25 | 1.8% | -13.9% | ||
| Q4 24 | 21.0% | -8.3% | ||
| Q3 24 | 18.1% | -40.2% | ||
| Q2 24 | 3.4% | 24.0% | ||
| Q1 24 | 8.6% | 5.1% |
资本支出强度AOSSWBI
| Q4 25 | 1.9% | 8.8% | ||
| Q3 25 | 1.6% | 5.0% | ||
| Q2 25 | 1.7% | 5.2% | ||
| Q1 25 | 2.2% | 5.4% | ||
| Q4 24 | 3.4% | 2.5% | ||
| Q3 24 | 3.6% | 5.3% | ||
| Q2 24 | 2.2% | 3.5% | ||
| Q1 24 | 2.2% | 13.2% |
现金转化率AOSSWBI
| Q4 25 | 1.46× | 14.22× | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | 4.73× | ||
| Q1 25 | 0.28× | -4.68× | ||
| Q4 24 | 2.02× | -1.63× | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | 1.57× | ||
| Q1 24 | 0.72× | 3.20× |
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% |
SWBI
暂无分部数据
