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A.O.史密斯（AOS）与Vontier Corp（VNT）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Vontier Corp的1.1倍（$912.5M vs $808.5M）。Vontier Corp净利率更高（15.3% vs 13.7%，领先1.5%）。Vontier Corp同比增速更快（4.1% vs 0.0%）。Vontier Corp自由现金流更多（$174.8M vs $165.5M）。过去两年Vontier Corp的营收复合增速更高（3.4% 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。
Vontier Corp是一家总部位于美国北卡罗来纳州罗利市的工业制造企业，旗下拥有Gilbarco Veeder-Root、Matco Tools、Teletrac Navman等核心品牌，还控股Hennessy Industries、Gasboy、全球交通技术（GTT）等多家子公司，业务覆盖多个工业制造细分领域。
AOS vs VNT — 直观对比
营收规模更大
AOS
是对方的1.1倍
$808.5M
营收增速更快
VNT
高出4.1%
0.0%
净利率更高
VNT
高出1.5%
13.7%
自由现金流更多
VNT
多$9.3M
$165.5M
两年增速更快
VNT
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $808.5M |
| 净利润 | $125.4M | $123.5M |
| 毛利率 | 38.4% | — |
| 营业利润率 | 17.9% | 18.9% |
| 净利率 | 13.7% | 15.3% |
| 营收同比 | 0.0% | 4.1% |
| 净利润同比 | 14.3% | 0.0% |
| 每股收益（稀释后） | $0.89 | $0.85 |
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AOSVNT
| Q4 25 | $912.5M | $808.5M | ||
| Q3 25 | $942.5M | $752.5M | ||
| Q2 25 | $1.0B | $773.5M | ||
| Q1 25 | $963.9M | $741.1M | ||
| Q4 24 | $912.4M | $776.8M | ||
| Q3 24 | $902.6M | $750.0M | ||
| Q2 24 | $1.0B | $696.4M | ||
| Q1 24 | $978.8M | $755.8M |
净利润AOSVNT
| Q4 25 | $125.4M | $123.5M | ||
| Q3 25 | $132.0M | $102.8M | ||
| Q2 25 | $152.2M | $91.9M | ||
| Q1 25 | $136.6M | $87.9M | ||
| Q4 24 | $109.7M | $123.5M | ||
| Q3 24 | $120.1M | $91.8M | ||
| Q2 24 | $156.2M | $70.1M | ||
| Q1 24 | $147.6M | $136.8M |
毛利率AOSVNT
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | 47.3% | ||
| Q2 25 | 39.3% | 47.9% | ||
| Q1 25 | 38.9% | 47.3% | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | 47.2% | ||
| Q2 24 | 38.7% | 48.2% | ||
| Q1 24 | 39.3% | 49.2% |
营业利润率AOSVNT
| Q4 25 | 17.9% | 18.9% | ||
| Q3 25 | 18.6% | 18.9% | ||
| Q2 25 | 20.4% | 17.6% | ||
| Q1 25 | 19.1% | 17.6% | ||
| Q4 24 | 10.1% | 19.2% | ||
| Q3 24 | 19.5% | 17.5% | ||
| Q2 24 | 21.9% | 16.4% | ||
| Q1 24 | 22.0% | 18.8% |
净利率AOSVNT
| Q4 25 | 13.7% | 15.3% | ||
| Q3 25 | 14.0% | 13.7% | ||
| Q2 25 | 15.0% | 11.9% | ||
| Q1 25 | 14.2% | 11.9% | ||
| Q4 24 | 12.0% | 15.9% | ||
| Q3 24 | 13.3% | 12.2% | ||
| Q2 24 | 15.2% | 10.1% | ||
| Q1 24 | 15.1% | 18.1% |
每股收益（稀释后）AOSVNT
| Q4 25 | $0.89 | $0.85 | ||
| Q3 25 | $0.94 | $0.70 | ||
| Q2 25 | $1.07 | $0.62 | ||
| Q1 25 | $0.95 | $0.59 | ||
| Q4 24 | $0.75 | $0.82 | ||
| Q3 24 | $0.82 | $0.60 | ||
| Q2 24 | $1.06 | $0.45 | ||
| Q1 24 | $1.00 | $0.88 |
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 | $492.2M |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $1.2B |
| 总资产 | $3.1B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.08× | — |
8季度趋势，按日历期对齐
现金及短期投资AOSVNT
| Q4 25 | $193.2M | $492.2M | ||
| Q3 25 | $172.8M | $433.8M | ||
| Q2 25 | $177.9M | $364.2M | ||
| Q1 25 | $200.2M | $333.6M | ||
| Q4 24 | $276.1M | $356.4M | ||
| Q3 24 | $255.6M | $330.9M | ||
| Q2 24 | $233.3M | $331.3M | ||
| Q1 24 | $303.1M | $406.0M |
总债务AOSVNT
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSVNT
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $1.9B | $1.0B | ||
| Q2 24 | $1.9B | $1.0B | ||
| Q1 24 | $1.9B | $984.9M |
总资产AOSVNT
| Q4 25 | $3.1B | $4.4B | ||
| Q3 25 | $3.2B | $4.4B | ||
| Q2 25 | $3.2B | $4.4B | ||
| Q1 25 | $3.3B | $4.3B | ||
| Q4 24 | $3.2B | $4.3B | ||
| Q3 24 | $3.2B | $4.3B | ||
| Q2 24 | $3.2B | $4.2B | ||
| Q1 24 | $3.2B | $4.3B |
负债/权益比AOSVNT
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| 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 | $190.1M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $174.8M |
| 自由现金流率自由现金流/营收 | 18.1% | 21.6% |
| 资本支出强度资本支出/营收 | 1.9% | 1.9% |
| 现金转化率经营现金流/净利润 | 1.46× | 1.54× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $441.1M |
8季度趋势，按日历期对齐
经营现金流AOSVNT
| Q4 25 | $183.1M | $190.1M | ||
| Q3 25 | $255.4M | $110.5M | ||
| Q2 25 | $139.6M | $100.0M | ||
| Q1 25 | $38.7M | $110.4M | ||
| Q4 24 | $221.9M | $168.1M | ||
| Q3 24 | $195.9M | $121.8M | ||
| Q2 24 | $57.4M | $46.1M | ||
| Q1 24 | $106.6M | $91.5M |
自由现金流AOSVNT
| Q4 25 | $165.5M | $174.8M | ||
| Q3 25 | $240.6M | $90.3M | ||
| Q2 25 | $122.5M | $83.3M | ||
| Q1 25 | $17.4M | $92.7M | ||
| Q4 24 | $191.3M | $148.0M | ||
| Q3 24 | $163.4M | $103.2M | ||
| Q2 24 | $34.5M | $22.3M | ||
| Q1 24 | $84.6M | $71.3M |
自由现金流率AOSVNT
| Q4 25 | 18.1% | 21.6% | ||
| Q3 25 | 25.5% | 12.0% | ||
| Q2 25 | 12.1% | 10.8% | ||
| Q1 25 | 1.8% | 12.5% | ||
| Q4 24 | 21.0% | 19.1% | ||
| Q3 24 | 18.1% | 13.8% | ||
| Q2 24 | 3.4% | 3.2% | ||
| Q1 24 | 8.6% | 9.4% |
资本支出强度AOSVNT
| Q4 25 | 1.9% | 1.9% | ||
| Q3 25 | 1.6% | 2.7% | ||
| Q2 25 | 1.7% | 2.2% | ||
| Q1 25 | 2.2% | 2.4% | ||
| Q4 24 | 3.4% | 2.6% | ||
| Q3 24 | 3.6% | 2.5% | ||
| Q2 24 | 2.2% | 3.4% | ||
| Q1 24 | 2.2% | 2.7% |
现金转化率AOSVNT
| Q4 25 | 1.46× | 1.54× | ||
| Q3 25 | 1.93× | 1.07× | ||
| Q2 25 | 0.92× | 1.09× | ||
| Q1 25 | 0.28× | 1.26× | ||
| Q4 24 | 2.02× | 1.36× | ||
| Q3 24 | 1.63× | 1.33× | ||
| Q2 24 | 0.37× | 0.66× | ||
| Q1 24 | 0.72× | 0.67× |
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% |
VNT
| Environmental Fueling Solutions Segment | $387.5M | 48% |
| Services | $191.0M | 24% |
| Repair Solutions Segment | $144.5M | 18% |
| Other | $85.5M | 11% |
