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A.O.史密斯（AOS）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是A.O.史密斯的1.1倍（$1.0B vs $945.6M），A.O.史密斯净利率更高（12.5% vs 7.6%，领先4.8%），思佳讯同比增速更快（8.6% vs -2.0%），思佳讯自由现金流更多（$339.0M vs $118.9M），过去两年思佳讯的营收复合增速更高（-0.5% vs -3.9%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
AOS vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.1倍
$945.6M
营收增速更快
SWKS
高出10.6%
-2.0%
净利率更高
AOS
高出4.8%
7.6%
自由现金流更多
SWKS
多$220.1M
$118.9M
两年增速更快
SWKS
近两年复合增速
-3.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $1.0B |
| 净利润 | $118.0M | $79.2M |
| 毛利率 | 38.7% | 41.3% |
| 营业利润率 | — | 10.0% |
| 净利率 | 12.5% | 7.6% |
| 营收同比 | -2.0% | 8.6% |
| 净利润同比 | -14.0% | 15.3% |
| 每股收益（稀释后） | $0.85 | $0.53 |
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AOSSWKS
| Q1 26 | $945.6M | $1.0B | ||
| Q4 25 | $912.5M | $1.1B | ||
| Q3 25 | $942.5M | — | ||
| Q2 25 | $1.0B | $965.0M | ||
| Q1 25 | $963.9M | $953.2M | ||
| Q4 24 | $912.4M | $1.1B | ||
| Q3 24 | $902.6M | $1.0B | ||
| Q2 24 | $1.0B | $905.5M |
净利润AOSSWKS
| Q1 26 | $118.0M | $79.2M | ||
| Q4 25 | $125.4M | $141.4M | ||
| Q3 25 | $132.0M | — | ||
| Q2 25 | $152.2M | $105.0M | ||
| Q1 25 | $136.6M | $68.7M | ||
| Q4 24 | $109.7M | $162.0M | ||
| Q3 24 | $120.1M | $60.5M | ||
| Q2 24 | $156.2M | $120.9M |
毛利率AOSSWKS
| Q1 26 | 38.7% | 41.3% | ||
| Q4 25 | 38.4% | 40.7% | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.3% | 41.6% | ||
| Q1 25 | 38.9% | 41.1% | ||
| Q4 24 | 37.1% | 41.4% | ||
| Q3 24 | 37.4% | 41.9% | ||
| Q2 24 | 38.7% | 40.2% |
营业利润率AOSSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 17.9% | 10.1% | ||
| Q3 25 | 18.6% | — | ||
| Q2 25 | 20.4% | 11.5% | ||
| Q1 25 | 19.1% | 10.2% | ||
| Q4 24 | 10.1% | 16.9% | ||
| Q3 24 | 19.5% | 5.8% | ||
| Q2 24 | 21.9% | 14.4% |
净利率AOSSWKS
| Q1 26 | 12.5% | 7.6% | ||
| Q4 25 | 13.7% | 12.9% | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 15.0% | 10.9% | ||
| Q1 25 | 14.2% | 7.2% | ||
| Q4 24 | 12.0% | 15.2% | ||
| Q3 24 | 13.3% | 5.9% | ||
| Q2 24 | 15.2% | 13.4% |
每股收益（稀释后）AOSSWKS
| Q1 26 | $0.85 | $0.53 | ||
| Q4 25 | $0.89 | $0.95 | ||
| Q3 25 | $0.94 | — | ||
| Q2 25 | $1.07 | $0.70 | ||
| Q1 25 | $0.95 | $0.43 | ||
| Q4 24 | $0.75 | $1.00 | ||
| Q3 24 | $0.82 | $0.36 | ||
| Q2 24 | $1.06 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | $574.2M | $496.6M |
| 股东权益账面价值 | $1.9B | $5.8B |
| 总资产 | $3.7B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.31× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资AOSSWKS
| Q1 26 | $185.2M | $1.6B | ||
| Q4 25 | $193.2M | $1.4B | ||
| Q3 25 | $172.8M | — | ||
| Q2 25 | $177.9M | $1.3B | ||
| Q1 25 | $200.2M | $1.5B | ||
| Q4 24 | $276.1M | $1.7B | ||
| Q3 24 | $255.6M | $1.6B | ||
| Q2 24 | $233.3M | $1.3B |
总债务AOSSWKS
| Q1 26 | $574.2M | $496.6M | ||
| Q4 25 | $155.0M | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | $193.2M | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益AOSSWKS
| Q1 26 | $1.9B | $5.8B | ||
| Q4 25 | $1.9B | $5.8B | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | $5.7B | ||
| Q1 25 | $1.9B | $5.9B | ||
| Q4 24 | $1.9B | $6.4B | ||
| Q3 24 | $1.9B | $6.3B | ||
| Q2 24 | $1.9B | $6.3B |
总资产AOSSWKS
| Q1 26 | $3.7B | $7.9B | ||
| Q4 25 | $3.1B | $7.9B | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | $7.7B | ||
| Q1 25 | $3.3B | $7.9B | ||
| Q4 24 | $3.2B | $8.3B | ||
| Q3 24 | $3.2B | $8.3B | ||
| Q2 24 | $3.2B | $8.2B |
负债/权益比AOSSWKS
| Q1 26 | 0.31× | 0.09× | ||
| Q4 25 | 0.08× | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | 0.10× | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
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 | — | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $118.9M | $339.0M |
| 自由现金流率自由现金流/营收 | 12.6% | 32.7% |
| 资本支出强度资本支出/营收 | 1.1% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 4.99× |
| 过去12个月自由现金流最近4个季度 | $647.5M | $1.1B |
8季度趋势，按日历期对齐
经营现金流AOSSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $183.1M | $200.0M | ||
| Q3 25 | $255.4M | — | ||
| Q2 25 | $139.6M | $314.2M | ||
| Q1 25 | $38.7M | $409.4M | ||
| Q4 24 | $221.9M | $377.2M | ||
| Q3 24 | $195.9M | $476.1M | ||
| Q2 24 | $57.4M | $273.4M |
自由现金流AOSSWKS
| Q1 26 | $118.9M | $339.0M | ||
| Q4 25 | $165.5M | $144.0M | ||
| Q3 25 | $240.6M | — | ||
| Q2 25 | $122.5M | $252.7M | ||
| Q1 25 | $17.4M | $370.9M | ||
| Q4 24 | $191.3M | $338.2M | ||
| Q3 24 | $163.4M | $393.3M | ||
| Q2 24 | $34.5M | $249.0M |
自由现金流率AOSSWKS
| Q1 26 | 12.6% | 32.7% | ||
| Q4 25 | 18.1% | 13.1% | ||
| Q3 25 | 25.5% | — | ||
| Q2 25 | 12.1% | 26.2% | ||
| Q1 25 | 1.8% | 38.9% | ||
| Q4 24 | 21.0% | 31.7% | ||
| Q3 24 | 18.1% | 38.4% | ||
| Q2 24 | 3.4% | 27.5% |
资本支出强度AOSSWKS
| Q1 26 | 1.1% | 5.5% | ||
| Q4 25 | 1.9% | 5.1% | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.7% | 6.4% | ||
| Q1 25 | 2.2% | 4.0% | ||
| Q4 24 | 3.4% | 3.6% | ||
| Q3 24 | 3.6% | 8.1% | ||
| Q2 24 | 2.2% | 2.7% |
现金转化率AOSSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 1.46× | 1.41× | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | 2.99× | ||
| Q1 25 | 0.28× | 5.96× | ||
| Q4 24 | 2.02× | 2.33× | ||
| Q3 24 | 1.63× | 7.87× | ||
| Q2 24 | 0.37× | 2.26× |
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
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
