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A.O.史密斯（AOS）与STANDEX INTERNATIONAL CORP（SXI）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STANDEX INTERNATIONAL CORP的4.1倍（$912.5M vs $221.3M）。A.O.史密斯净利率更高（13.7% vs 1.0%，领先12.8%）。STANDEX INTERNATIONAL CORP同比增速更快（16.6% vs 0.0%）。A.O.史密斯自由现金流更多（$165.5M vs $12.9M）。过去两年STANDEX INTERNATIONAL CORP的营收复合增速更高（11.7% 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。
Stanex International是一家多元化跨国制造企业，业务覆盖电子、雕刻、科学仪器、工程技术及特种解决方案五大板块，在美、欧、加、日、新、墨、土、印、中多地设有运营主体，全球共设12个业务单元及5个汇报板块，旗下拥有Bakers Pride等多个子品牌。
AOS vs SXI — 直观对比
营收规模更大
AOS
是对方的4.1倍
$221.3M
营收增速更快
SXI
高出16.6%
0.0%
净利率更高
AOS
高出12.8%
1.0%
自由现金流更多
AOS
多$152.6M
$12.9M
两年增速更快
SXI
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $221.3M |
| 净利润 | $125.4M | $2.1M |
| 毛利率 | 38.4% | 41.7% |
| 营业利润率 | 17.9% | 16.1% |
| 净利率 | 13.7% | 1.0% |
| 营收同比 | 0.0% | 16.6% |
| 净利润同比 | 14.3% | 147.4% |
| 每股收益（稀释后） | $0.89 | $0.17 |
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AOSSXI
| Q4 25 | $912.5M | $221.3M | ||
| Q3 25 | $942.5M | $217.4M | ||
| Q2 25 | $1.0B | $222.0M | ||
| Q1 25 | $963.9M | $207.8M | ||
| Q4 24 | $912.4M | $189.8M | ||
| Q3 24 | $902.6M | $170.5M | ||
| Q2 24 | $1.0B | $180.2M | ||
| Q1 24 | $978.8M | $177.3M |
净利润AOSSXI
| Q4 25 | $125.4M | $2.1M | ||
| Q3 25 | $132.0M | $15.1M | ||
| Q2 25 | $152.2M | $14.8M | ||
| Q1 25 | $136.6M | $21.9M | ||
| Q4 24 | $109.7M | $857.0K | ||
| Q3 24 | $120.1M | $18.2M | ||
| Q2 24 | $156.2M | $19.6M | ||
| Q1 24 | $147.6M | $15.8M |
毛利率AOSSXI
| Q4 25 | 38.4% | 41.7% | ||
| Q3 25 | 38.7% | 41.6% | ||
| Q2 25 | 39.3% | 41.1% | ||
| Q1 25 | 38.9% | 39.7% | ||
| Q4 24 | 37.1% | 37.6% | ||
| Q3 24 | 37.4% | 41.1% | ||
| Q2 24 | 38.7% | 38.5% | ||
| Q1 24 | 39.3% | 38.5% |
营业利润率AOSSXI
| Q4 25 | 17.9% | 16.1% | ||
| Q3 25 | 18.6% | 13.6% | ||
| Q2 25 | 20.4% | 15.6% | ||
| Q1 25 | 19.1% | 12.6% | ||
| Q4 24 | 10.1% | 4.5% | ||
| Q3 24 | 19.5% | 14.1% | ||
| Q2 24 | 21.9% | 15.1% | ||
| Q1 24 | 22.0% | 12.3% |
净利率AOSSXI
| Q4 25 | 13.7% | 1.0% | ||
| Q3 25 | 14.0% | 6.9% | ||
| Q2 25 | 15.0% | 6.7% | ||
| Q1 25 | 14.2% | 10.5% | ||
| Q4 24 | 12.0% | 0.5% | ||
| Q3 24 | 13.3% | 10.7% | ||
| Q2 24 | 15.2% | 10.9% | ||
| Q1 24 | 15.1% | 8.9% |
每股收益（稀释后）AOSSXI
| Q4 25 | $0.89 | $0.17 | ||
| Q3 25 | $0.94 | $1.25 | ||
| Q2 25 | $1.07 | $1.23 | ||
| Q1 25 | $0.95 | $1.81 | ||
| Q4 24 | $0.75 | $0.07 | ||
| Q3 24 | $0.82 | $1.53 | ||
| Q2 24 | $1.06 | $1.64 | ||
| Q1 24 | $1.00 | $1.33 |
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 | $97.0M |
| 总债务越低越好 | $155.0M | $534.7M |
| 股东权益账面价值 | $1.9B | $700.2M |
| 总资产 | $3.1B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.76× |
8季度趋势，按日历期对齐
现金及短期投资AOSSXI
| Q4 25 | $193.2M | $97.0M | ||
| Q3 25 | $172.8M | $98.7M | ||
| Q2 25 | $177.9M | $104.5M | ||
| Q1 25 | $200.2M | $109.8M | ||
| Q4 24 | $276.1M | $121.1M | ||
| Q3 24 | $255.6M | $164.6M | ||
| Q2 24 | $233.3M | $154.2M | ||
| Q1 24 | $303.1M | $138.8M |
总债务AOSSXI
| Q4 25 | $155.0M | $534.7M | ||
| Q3 25 | — | $544.6M | ||
| Q2 25 | — | $552.5M | ||
| Q1 25 | — | $579.4M | ||
| Q4 24 | $193.2M | $534.3M | ||
| Q3 24 | — | $149.0M | ||
| Q2 24 | — | $148.9M | ||
| Q1 24 | — | $148.8M |
股东权益AOSSXI
| Q4 25 | $1.9B | $700.2M | ||
| Q3 25 | $1.8B | $707.7M | ||
| Q2 25 | $1.8B | $711.7M | ||
| Q1 25 | $1.9B | $686.9M | ||
| Q4 24 | $1.9B | $656.0M | ||
| Q3 24 | $1.9B | $658.0M | ||
| Q2 24 | $1.9B | $621.5M | ||
| Q1 24 | $1.9B | $619.0M |
总资产AOSSXI
| Q4 25 | $3.1B | $1.6B | ||
| Q3 25 | $3.2B | $1.6B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $3.3B | $1.6B | ||
| Q4 24 | $3.2B | $1.5B | ||
| Q3 24 | $3.2B | $1.0B | ||
| Q2 24 | $3.2B | $1.0B | ||
| Q1 24 | $3.2B | $993.5M |
负债/权益比AOSSXI
| Q4 25 | 0.08× | 0.76× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 0.78× | ||
| Q1 25 | — | 0.84× | ||
| Q4 24 | 0.10× | 0.81× | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.24× | ||
| Q1 24 | — | 0.24× |
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 | $20.6M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $12.9M |
| 自由现金流率自由现金流/营收 | 18.1% | 5.8% |
| 资本支出强度资本支出/营收 | 1.9% | 3.5% |
| 现金转化率经营现金流/净利润 | 1.46× | 9.70× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $51.6M |
8季度趋势，按日历期对齐
经营现金流AOSSXI
| Q4 25 | $183.1M | $20.6M | ||
| Q3 25 | $255.4M | $16.8M | ||
| Q2 25 | $139.6M | $33.4M | ||
| Q1 25 | $38.7M | $9.5M | ||
| Q4 24 | $221.9M | $9.1M | ||
| Q3 24 | $195.9M | $17.6M | ||
| Q2 24 | $57.4M | $28.5M | ||
| Q1 24 | $106.6M | $24.4M |
自由现金流AOSSXI
| Q4 25 | $165.5M | $12.9M | ||
| Q3 25 | $240.6M | $10.4M | ||
| Q2 25 | $122.5M | $24.8M | ||
| Q1 25 | $17.4M | $3.5M | ||
| Q4 24 | $191.3M | $2.1M | ||
| Q3 24 | $163.4M | $10.8M | ||
| Q2 24 | $34.5M | $22.0M | ||
| Q1 24 | $84.6M | $19.2M |
自由现金流率AOSSXI
| Q4 25 | 18.1% | 5.8% | ||
| Q3 25 | 25.5% | 4.8% | ||
| Q2 25 | 12.1% | 11.2% | ||
| Q1 25 | 1.8% | 1.7% | ||
| Q4 24 | 21.0% | 1.1% | ||
| Q3 24 | 18.1% | 6.4% | ||
| Q2 24 | 3.4% | 12.2% | ||
| Q1 24 | 8.6% | 10.8% |
资本支出强度AOSSXI
| Q4 25 | 1.9% | 3.5% | ||
| Q3 25 | 1.6% | 3.0% | ||
| Q2 25 | 1.7% | 3.9% | ||
| Q1 25 | 2.2% | 2.9% | ||
| Q4 24 | 3.4% | 3.7% | ||
| Q3 24 | 3.6% | 3.9% | ||
| Q2 24 | 2.2% | 3.6% | ||
| Q1 24 | 2.2% | 2.9% |
现金转化率AOSSXI
| Q4 25 | 1.46× | 9.70× | ||
| Q3 25 | 1.93× | 1.12× | ||
| Q2 25 | 0.92× | 2.25× | ||
| Q1 25 | 0.28× | 0.44× | ||
| Q4 24 | 2.02× | 10.57× | ||
| Q3 24 | 1.63× | 0.97× | ||
| Q2 24 | 0.37× | 1.46× | ||
| Q1 24 | 0.72× | 1.54× |
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% |
SXI
| Electronics Products Group | $115.7M | 52% |
| Engraving Services | $33.0M | 15% |
| Engineering Technologies Components | $30.6M | 14% |
| Transferred Over Time | $21.2M | 10% |
| Hydraulics Cylinders And System | $11.4M | 5% |
| Merchandising Display | $8.4M | 4% |
| Engraving Products | $2.7M | 1% |
