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A.O.史密斯（AOS）与环联（TRU）财务数据对比。点击上方公司名可切换其他公司
环联的季度营收约是A.O.史密斯的1.3倍（$1.2B vs $912.5M）。A.O.史密斯净利率更高（13.7% vs 8.6%，领先5.1%）。环联同比增速更快（13.0% vs 0.0%）。环联自由现金流更多（$222.8M vs $165.5M）。过去两年环联的营收复合增速更高（7.1% 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。
环联是美国知名消费者信用报告机构，与益博睿、艾奎法克斯并列美国三大征信机构，总部位于伊利诺伊州芝加哥。目前其业务覆盖30余个国家，累计收集超10亿消费者的信用信息，持有美国几乎所有有信用记录消费者的超2亿份档案，服务超6.5万家企业客户，2014年营收达13亿美元。
AOS vs TRU — 直观对比
营收规模更大
TRU
是对方的1.3倍
$912.5M
营收增速更快
TRU
高出13.0%
0.0%
净利率更高
AOS
高出5.1%
8.6%
自由现金流更多
TRU
多$57.3M
$165.5M
两年增速更快
TRU
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $1.2B |
| 净利润 | $125.4M | $101.1M |
| 毛利率 | 38.4% | — |
| 营业利润率 | 17.9% | 17.4% |
| 净利率 | 13.7% | 8.6% |
| 营收同比 | 0.0% | 13.0% |
| 净利润同比 | 14.3% | 52.5% |
| 每股收益（稀释后） | $0.89 | $0.52 |
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AOSTRU
| Q4 25 | $912.5M | $1.2B | ||
| Q3 25 | $942.5M | $1.2B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $963.9M | $1.1B | ||
| Q4 24 | $912.4M | $1.0B | ||
| Q3 24 | $902.6M | $1.1B | ||
| Q2 24 | $1.0B | $1.0B | ||
| Q1 24 | $978.8M | $1.0B |
净利润AOSTRU
| Q4 25 | $125.4M | $101.1M | ||
| Q3 25 | $132.0M | $96.6M | ||
| Q2 25 | $152.2M | $109.6M | ||
| Q1 25 | $136.6M | $148.1M | ||
| Q4 24 | $109.7M | $66.3M | ||
| Q3 24 | $120.1M | $68.0M | ||
| Q2 24 | $156.2M | $85.0M | ||
| Q1 24 | $147.6M | $65.1M |
毛利率AOSTRU
| 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AOSTRU
| Q4 25 | 17.9% | 17.4% | ||
| Q3 25 | 18.6% | 17.8% | ||
| Q2 25 | 20.4% | 16.9% | ||
| Q1 25 | 19.1% | 23.2% | ||
| Q4 24 | 10.1% | 16.5% | ||
| Q3 24 | 19.5% | 14.4% | ||
| Q2 24 | 21.9% | 17.5% | ||
| Q1 24 | 22.0% | 15.4% |
净利率AOSTRU
| Q4 25 | 13.7% | 8.6% | ||
| Q3 25 | 14.0% | 8.3% | ||
| Q2 25 | 15.0% | 9.6% | ||
| Q1 25 | 14.2% | 13.5% | ||
| Q4 24 | 12.0% | 6.4% | ||
| Q3 24 | 13.3% | 6.3% | ||
| Q2 24 | 15.2% | 8.2% | ||
| Q1 24 | 15.1% | 6.4% |
每股收益（稀释后）AOSTRU
| Q4 25 | $0.89 | $0.52 | ||
| Q3 25 | $0.94 | $0.49 | ||
| Q2 25 | $1.07 | $0.56 | ||
| Q1 25 | $0.95 | $0.75 | ||
| Q4 24 | $0.75 | $0.33 | ||
| Q3 24 | $0.82 | $0.35 | ||
| Q2 24 | $1.06 | $0.44 | ||
| Q1 24 | $1.00 | $0.33 |
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 | $856.3M |
| 总债务越低越好 | $155.0M | $4.9B |
| 股东权益账面价值 | $1.9B | $4.4B |
| 总资产 | $3.1B | $11.1B |
| 负债/权益比越低杠杆越低 | 0.08× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资AOSTRU
| Q4 25 | $193.2M | $856.3M | ||
| Q3 25 | $172.8M | $752.5M | ||
| Q2 25 | $177.9M | $690.0M | ||
| Q1 25 | $200.2M | $612.5M | ||
| Q4 24 | $276.1M | $682.0M | ||
| Q3 24 | $255.6M | $646.0M | ||
| Q2 24 | $233.3M | $545.8M | ||
| Q1 24 | $303.1M | $436.2M |
总债务AOSTRU
| Q4 25 | $155.0M | $4.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSTRU
| Q4 25 | $1.9B | $4.4B | ||
| Q3 25 | $1.8B | $4.5B | ||
| Q2 25 | $1.8B | $4.5B | ||
| Q1 25 | $1.9B | $4.4B | ||
| Q4 24 | $1.9B | $4.2B | ||
| Q3 24 | $1.9B | $4.2B | ||
| Q2 24 | $1.9B | $4.1B | ||
| Q1 24 | $1.9B | $4.1B |
总资产AOSTRU
| Q4 25 | $3.1B | $11.1B | ||
| Q3 25 | $3.2B | $11.1B | ||
| Q2 25 | $3.2B | $11.1B | ||
| Q1 25 | $3.3B | $10.9B | ||
| Q4 24 | $3.2B | $11.0B | ||
| Q3 24 | $3.2B | $11.1B | ||
| Q2 24 | $3.2B | $11.0B | ||
| Q1 24 | $3.2B | $11.0B |
负债/权益比AOSTRU
| Q4 25 | 0.08× | 1.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | 1.20× | ||
| 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 | $319.5M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $222.8M |
| 自由现金流率自由现金流/营收 | 18.1% | 19.0% |
| 资本支出强度资本支出/营收 | 1.9% | 8.3% |
| 现金转化率经营现金流/净利润 | 1.46× | 3.16× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $661.6M |
8季度趋势，按日历期对齐
经营现金流AOSTRU
| Q4 25 | $183.1M | $319.5M | ||
| Q3 25 | $255.4M | $324.3M | ||
| Q2 25 | $139.6M | $291.3M | ||
| Q1 25 | $38.7M | $52.5M | ||
| Q4 24 | $221.9M | $254.0M | ||
| Q3 24 | $195.9M | $229.3M | ||
| Q2 24 | $57.4M | $295.2M | ||
| Q1 24 | $106.6M | $54.0M |
自由现金流AOSTRU
| Q4 25 | $165.5M | $222.8M | ||
| Q3 25 | $240.6M | $240.4M | ||
| Q2 25 | $122.5M | $214.3M | ||
| Q1 25 | $17.4M | $-15.9M | ||
| Q4 24 | $191.3M | $136.9M | ||
| Q3 24 | $163.4M | $161.3M | ||
| Q2 24 | $34.5M | $226.9M | ||
| Q1 24 | $84.6M | $-8.4M |
自由现金流率AOSTRU
| Q4 25 | 18.1% | 19.0% | ||
| Q3 25 | 25.5% | 20.6% | ||
| Q2 25 | 12.1% | 18.8% | ||
| Q1 25 | 1.8% | -1.5% | ||
| Q4 24 | 21.0% | 13.2% | ||
| Q3 24 | 18.1% | 14.9% | ||
| Q2 24 | 3.4% | 21.8% | ||
| Q1 24 | 8.6% | -0.8% |
资本支出强度AOSTRU
| Q4 25 | 1.9% | 8.3% | ||
| Q3 25 | 1.6% | 7.2% | ||
| Q2 25 | 1.7% | 6.8% | ||
| Q1 25 | 2.2% | 6.2% | ||
| Q4 24 | 3.4% | 11.3% | ||
| Q3 24 | 3.6% | 6.3% | ||
| Q2 24 | 2.2% | 6.6% | ||
| Q1 24 | 2.2% | 6.1% |
现金转化率AOSTRU
| Q4 25 | 1.46× | 3.16× | ||
| Q3 25 | 1.93× | 3.36× | ||
| Q2 25 | 0.92× | 2.66× | ||
| Q1 25 | 0.28× | 0.35× | ||
| Q4 24 | 2.02× | 3.83× | ||
| Q3 24 | 1.63× | 3.37× | ||
| Q2 24 | 0.37× | 3.47× | ||
| Q1 24 | 0.72× | 0.83× |
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% |
TRU
暂无分部数据
