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A.O.史密斯（AOS）与Ubiquiti Inc.（UI）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Ubiquiti Inc.的1.2倍（$945.6M vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 12.5%，领先16.2%），Ubiquiti Inc.同比增速更快（35.8% vs -2.0%），Ubiquiti Inc.自由现金流更多（$260.3M vs $118.9M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
AOS vs UI — 直观对比
营收规模更大
AOS
是对方的1.2倍
$814.9M
营收增速更快
UI
高出37.8%
-2.0%
净利率更高
UI
高出16.2%
12.5%
自由现金流更多
UI
多$141.4M
$118.9M
两年增速更快
UI
近两年复合增速
-3.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $814.9M |
| 净利润 | $118.0M | $233.6M |
| 毛利率 | 38.7% | 45.9% |
| 营业利润率 | — | 35.9% |
| 净利率 | 12.5% | 28.7% |
| 营收同比 | -2.0% | 35.8% |
| 净利润同比 | -14.0% | 70.8% |
| 每股收益（稀释后） | $0.85 | $3.86 |
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AOSUI
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | $814.9M | ||
| Q3 25 | $942.5M | $733.8M | ||
| Q2 25 | $1.0B | $759.2M | ||
| Q1 25 | $963.9M | $664.2M | ||
| Q4 24 | $912.4M | $599.9M | ||
| Q3 24 | $902.6M | $550.3M | ||
| Q2 24 | $1.0B | $507.5M |
净利润AOSUI
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | $233.6M | ||
| Q3 25 | $132.0M | $207.9M | ||
| Q2 25 | $152.2M | $266.7M | ||
| Q1 25 | $136.6M | $180.4M | ||
| Q4 24 | $109.7M | $136.8M | ||
| Q3 24 | $120.1M | $128.0M | ||
| Q2 24 | $156.2M | $103.8M |
毛利率AOSUI
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | 45.9% | ||
| Q3 25 | 38.7% | 46.0% | ||
| Q2 25 | 39.3% | 45.1% | ||
| Q1 25 | 38.9% | 44.5% | ||
| Q4 24 | 37.1% | 41.2% | ||
| Q3 24 | 37.4% | 42.1% | ||
| Q2 24 | 38.7% | 40.2% |
营业利润率AOSUI
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 35.9% | ||
| Q3 25 | 18.6% | 35.7% | ||
| Q2 25 | 20.4% | 34.4% | ||
| Q1 25 | 19.1% | 34.2% | ||
| Q4 24 | 10.1% | 29.8% | ||
| Q3 24 | 19.5% | 30.7% | ||
| Q2 24 | 21.9% | 27.3% |
净利率AOSUI
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | 28.7% | ||
| Q3 25 | 14.0% | 28.3% | ||
| Q2 25 | 15.0% | 35.1% | ||
| Q1 25 | 14.2% | 27.2% | ||
| Q4 24 | 12.0% | 22.8% | ||
| Q3 24 | 13.3% | 23.3% | ||
| Q2 24 | 15.2% | 20.5% |
每股收益（稀释后）AOSUI
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | $3.86 | ||
| Q3 25 | $0.94 | $3.43 | ||
| Q2 25 | $1.07 | $4.40 | ||
| Q1 25 | $0.95 | $2.98 | ||
| Q4 24 | $0.75 | $2.26 | ||
| Q3 24 | $0.82 | $2.12 | ||
| Q2 24 | $1.06 | $1.72 |
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 | $302.8M |
| 总债务越低越好 | $574.2M | $47.5M |
| 股东权益账面价值 | $1.9B | $1.0B |
| 总资产 | $3.7B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.31× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资AOSUI
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $302.8M | ||
| Q3 25 | $172.8M | $177.2M | ||
| Q2 25 | $177.9M | $149.7M | ||
| Q1 25 | $200.2M | $151.0M | ||
| Q4 24 | $276.1M | $133.1M | ||
| Q3 24 | $255.6M | $165.2M | ||
| Q2 24 | $233.3M | $126.3M |
总债务AOSUI
| Q1 26 | $574.2M | — | ||
| Q4 25 | $155.0M | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | $193.2M | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M |
股东权益AOSUI
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $1.8B | $828.4M | ||
| Q2 25 | $1.8B | $668.3M | ||
| Q1 25 | $1.9B | $436.1M | ||
| Q4 24 | $1.9B | $290.4M | ||
| Q3 24 | $1.9B | $188.1M | ||
| Q2 24 | $1.9B | $95.1M |
总资产AOSUI
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $1.6B | ||
| Q3 25 | $3.2B | $1.5B | ||
| Q2 25 | $3.2B | $1.5B | ||
| Q1 25 | $3.3B | $1.3B | ||
| Q4 24 | $3.2B | $1.2B | ||
| Q3 24 | $3.2B | $1.2B | ||
| Q2 24 | $3.2B | $1.2B |
负债/权益比AOSUI
| Q1 26 | 0.31× | — | ||
| Q4 25 | 0.08× | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | 0.10× | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 7.45× |
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 | — | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $118.9M | $260.3M |
| 自由现金流率自由现金流/营收 | 12.6% | 31.9% |
| 资本支出强度资本支出/营收 | 1.1% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | $647.5M | $699.5M |
8季度趋势，按日历期对齐
经营现金流AOSUI
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $263.9M | ||
| Q3 25 | $255.4M | $198.5M | ||
| Q2 25 | $139.6M | $130.4M | ||
| Q1 25 | $38.7M | $123.6M | ||
| Q4 24 | $221.9M | $152.4M | ||
| Q3 24 | $195.9M | $233.7M | ||
| Q2 24 | $57.4M | $231.4M |
自由现金流AOSUI
| Q1 26 | $118.9M | — | ||
| Q4 25 | $165.5M | $260.3M | ||
| Q3 25 | $240.6M | $193.3M | ||
| Q2 25 | $122.5M | $125.2M | ||
| Q1 25 | $17.4M | $120.7M | ||
| Q4 24 | $191.3M | $150.4M | ||
| Q3 24 | $163.4M | $231.1M | ||
| Q2 24 | $34.5M | $229.5M |
自由现金流率AOSUI
| Q1 26 | 12.6% | — | ||
| Q4 25 | 18.1% | 31.9% | ||
| Q3 25 | 25.5% | 26.3% | ||
| Q2 25 | 12.1% | 16.5% | ||
| Q1 25 | 1.8% | 18.2% | ||
| Q4 24 | 21.0% | 25.1% | ||
| Q3 24 | 18.1% | 42.0% | ||
| Q2 24 | 3.4% | 45.2% |
资本支出强度AOSUI
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 0.4% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 1.7% | 0.7% | ||
| Q1 25 | 2.2% | 0.4% | ||
| Q4 24 | 3.4% | 0.3% | ||
| Q3 24 | 3.6% | 0.5% | ||
| Q2 24 | 2.2% | 0.4% |
现金转化率AOSUI
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 1.13× | ||
| Q3 25 | 1.93× | 0.95× | ||
| Q2 25 | 0.92× | 0.49× | ||
| Q1 25 | 0.28× | 0.68× | ||
| Q4 24 | 2.02× | 1.11× | ||
| Q3 24 | 1.63× | 1.83× | ||
| Q2 24 | 0.37× | 2.23× |
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
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
