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A.O.史密斯（AOS）与TIDEWATER INC（TDW）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TIDEWATER INC的2.7倍（$912.5M vs $336.8M）。TIDEWATER INC净利率更高（65.3% vs 13.7%，领先51.5%）。A.O.史密斯同比增速更快（0.0% vs -2.4%）。A.O.史密斯自由现金流更多（$165.5M vs $147.8M）。过去两年TIDEWATER INC的营收复合增速更高（2.4% 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。
Tidewater Inc.是一家公开上市的国际石油服务企业，总部位于美国得克萨斯州休斯敦。公司运营专业船舶船队，主要为海上油气、海上风电行业提供船舶租赁及相关海事服务，是全球海洋能源服务领域的重要参与者。
AOS vs TDW — 直观对比
营收规模更大
AOS
是对方的2.7倍
$336.8M
营收增速更快
AOS
高出2.4%
-2.4%
净利率更高
TDW
高出51.5%
13.7%
自由现金流更多
AOS
多$17.7M
$147.8M
两年增速更快
TDW
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $336.8M |
| 净利润 | $125.4M | $219.9M |
| 毛利率 | 38.4% | — |
| 营业利润率 | 17.9% | 19.0% |
| 净利率 | 13.7% | 65.3% |
| 营收同比 | 0.0% | -2.4% |
| 净利润同比 | 14.3% | 495.8% |
| 每股收益（稀释后） | $0.89 | $4.37 |
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AOSTDW
| Q4 25 | $912.5M | $336.8M | ||
| Q3 25 | $942.5M | $341.1M | ||
| Q2 25 | $1.0B | $341.4M | ||
| Q1 25 | $963.9M | $333.4M | ||
| Q4 24 | $912.4M | $345.1M | ||
| Q3 24 | $902.6M | $340.4M | ||
| Q2 24 | $1.0B | $339.2M | ||
| Q1 24 | $978.8M | $321.2M |
净利润AOSTDW
| Q4 25 | $125.4M | $219.9M | ||
| Q3 25 | $132.0M | $-806.0K | ||
| Q2 25 | $152.2M | $72.9M | ||
| Q1 25 | $136.6M | $42.7M | ||
| Q4 24 | $109.7M | $36.9M | ||
| Q3 24 | $120.1M | $46.4M | ||
| Q2 24 | $156.2M | $50.4M | ||
| Q1 24 | $147.6M | $47.0M |
毛利率AOSTDW
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | — | ||
| Q2 24 | 38.7% | — | ||
| Q1 24 | 39.3% | — |
营业利润率AOSTDW
| Q4 25 | 17.9% | 19.0% | ||
| Q3 25 | 18.6% | 18.4% | ||
| Q2 25 | 20.4% | 23.7% | ||
| Q1 25 | 19.1% | 22.5% | ||
| Q4 24 | 10.1% | 23.6% | ||
| Q3 24 | 19.5% | 20.6% | ||
| Q2 24 | 21.9% | 23.0% | ||
| Q1 24 | 22.0% | 25.5% |
净利率AOSTDW
| Q4 25 | 13.7% | 65.3% | ||
| Q3 25 | 14.0% | -0.2% | ||
| Q2 25 | 15.0% | 21.4% | ||
| Q1 25 | 14.2% | 12.8% | ||
| Q4 24 | 12.0% | 10.7% | ||
| Q3 24 | 13.3% | 13.6% | ||
| Q2 24 | 15.2% | 14.8% | ||
| Q1 24 | 15.1% | 14.6% |
每股收益（稀释后）AOSTDW
| Q4 25 | $0.89 | $4.37 | ||
| Q3 25 | $0.94 | $-0.02 | ||
| Q2 25 | $1.07 | $1.46 | ||
| Q1 25 | $0.95 | $0.83 | ||
| Q4 24 | $0.75 | $0.70 | ||
| Q3 24 | $0.82 | $0.87 | ||
| Q2 24 | $1.06 | $0.94 | ||
| Q1 24 | $1.00 | $0.89 |
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 | $578.8M |
| 总债务越低越好 | $155.0M | $670.1M |
| 股东权益账面价值 | $1.9B | $1.4B |
| 总资产 | $3.1B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资AOSTDW
| Q4 25 | $193.2M | $578.8M | ||
| Q3 25 | $172.8M | $428.2M | ||
| Q2 25 | $177.9M | $369.4M | ||
| Q1 25 | $200.2M | $341.8M | ||
| Q4 24 | $276.1M | $324.9M | ||
| Q3 24 | $255.6M | $280.8M | ||
| Q2 24 | $233.3M | $315.9M | ||
| Q1 24 | $303.1M | $280.9M |
总债务AOSTDW
| Q4 25 | $155.0M | $670.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | $647.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSTDW
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $1.9B | $1.1B |
总资产AOSTDW
| Q4 25 | $3.1B | $2.4B | ||
| Q3 25 | $3.2B | $2.1B | ||
| Q2 25 | $3.2B | $2.1B | ||
| Q1 25 | $3.3B | $2.1B | ||
| Q4 24 | $3.2B | $2.1B | ||
| Q3 24 | $3.2B | $2.0B | ||
| Q2 24 | $3.2B | $2.1B | ||
| Q1 24 | $3.2B | $2.1B |
负债/权益比AOSTDW
| Q4 25 | 0.08× | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | 0.58× | ||
| 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 | $153.0M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $147.8M |
| 自由现金流率自由现金流/营收 | 18.1% | 43.9% |
| 资本支出强度资本支出/营收 | 1.9% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.46× | 0.70× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $353.3M |
8季度趋势，按日历期对齐
经营现金流AOSTDW
| Q4 25 | $183.1M | $153.0M | ||
| Q3 25 | $255.4M | $54.7M | ||
| Q2 25 | $139.6M | $85.4M | ||
| Q1 25 | $38.7M | $86.0M | ||
| Q4 24 | $221.9M | $100.0M | ||
| Q3 24 | $195.9M | $49.0M | ||
| Q2 24 | $57.4M | $78.6M | ||
| Q1 24 | $106.6M | $54.8M |
自由现金流AOSTDW
| Q4 25 | $165.5M | $147.8M | ||
| Q3 25 | $240.6M | $49.6M | ||
| Q2 25 | $122.5M | $80.2M | ||
| Q1 25 | $17.4M | $75.7M | ||
| Q4 24 | $191.3M | $95.5M | ||
| Q3 24 | $163.4M | $43.3M | ||
| Q2 24 | $34.5M | $72.3M | ||
| Q1 24 | $84.6M | $43.8M |
自由现金流率AOSTDW
| Q4 25 | 18.1% | 43.9% | ||
| Q3 25 | 25.5% | 14.5% | ||
| Q2 25 | 12.1% | 23.5% | ||
| Q1 25 | 1.8% | 22.7% | ||
| Q4 24 | 21.0% | 27.7% | ||
| Q3 24 | 18.1% | 12.7% | ||
| Q2 24 | 3.4% | 21.3% | ||
| Q1 24 | 8.6% | 13.6% |
资本支出强度AOSTDW
| Q4 25 | 1.9% | 1.5% | ||
| Q3 25 | 1.6% | 1.5% | ||
| Q2 25 | 1.7% | 1.5% | ||
| Q1 25 | 2.2% | 3.1% | ||
| Q4 24 | 3.4% | 1.3% | ||
| Q3 24 | 3.6% | 1.7% | ||
| Q2 24 | 2.2% | 1.9% | ||
| Q1 24 | 2.2% | 3.4% |
现金转化率AOSTDW
| Q4 25 | 1.46× | 0.70× | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | 1.17× | ||
| Q1 25 | 0.28× | 2.02× | ||
| Q4 24 | 2.02× | 2.71× | ||
| Q3 24 | 1.63× | 1.06× | ||
| Q2 24 | 0.37× | 1.56× | ||
| Q1 24 | 0.72× | 1.16× |
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% |
TDW
暂无分部数据
