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A.O.史密斯（AOS）与NCR Voyix Corp（VYX）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NCR Voyix Corp的1.3倍（$912.5M vs $720.0M）。A.O.史密斯净利率更高（13.7% vs 13.6%，领先0.1%）。NCR Voyix Corp同比增速更快（6.2% vs 0.0%）。过去两年NCR Voyix Corp的营收复合增速更高（0.7% 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。
NCR Voyix是一家全球化软件、咨询与科技企业，前身为恩智瑞公司与国民收银机公司，核心业务涵盖专业技术服务与电子产品供应，曾生产自助服务终端、收银POS机、自动柜员机、支票处理系统及条码扫描器等设备。
AOS vs VYX — 直观对比
营收规模更大
AOS
是对方的1.3倍
$720.0M
营收增速更快
VYX
高出6.2%
0.0%
净利率更高
AOS
高出0.1%
13.6%
两年增速更快
VYX
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $720.0M |
| 净利润 | $125.4M | $98.0M |
| 毛利率 | 38.4% | — |
| 营业利润率 | 17.9% | 2.4% |
| 净利率 | 13.7% | 13.6% |
| 营收同比 | 0.0% | 6.2% |
| 净利润同比 | 14.3% | 990.9% |
| 每股收益（稀释后） | $0.89 | $0.64 |
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AOSVYX
| Q4 25 | $912.5M | $720.0M | ||
| Q3 25 | $942.5M | $684.0M | ||
| Q2 25 | $1.0B | $666.0M | ||
| Q1 25 | $963.9M | $617.0M | ||
| Q4 24 | $912.4M | $678.0M | ||
| Q3 24 | $902.6M | $708.0M | ||
| Q2 24 | $1.0B | $722.0M | ||
| Q1 24 | $978.8M | $710.0M |
净利润AOSVYX
| Q4 25 | $125.4M | $98.0M | ||
| Q3 25 | $132.0M | $-19.0M | ||
| Q2 25 | $152.2M | $0 | ||
| Q1 25 | $136.6M | $-17.0M | ||
| Q4 24 | $109.7M | $-11.0M | ||
| Q3 24 | $120.1M | $1.1B | ||
| Q2 24 | $156.2M | $-73.0M | ||
| Q1 24 | $147.6M | $-40.0M |
毛利率AOSVYX
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | 23.4% | ||
| Q2 24 | 38.7% | 17.5% | ||
| Q1 24 | 39.3% | 19.4% |
营业利润率AOSVYX
| Q4 25 | 17.9% | 2.4% | ||
| Q3 25 | 18.6% | 2.2% | ||
| Q2 25 | 20.4% | 2.1% | ||
| Q1 25 | 19.1% | -3.2% | ||
| Q4 24 | 10.1% | -0.1% | ||
| Q3 24 | 19.5% | 2.3% | ||
| Q2 24 | 21.9% | -4.7% | ||
| Q1 24 | 22.0% | -2.7% |
净利率AOSVYX
| Q4 25 | 13.7% | 13.6% | ||
| Q3 25 | 14.0% | -2.8% | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 14.2% | -2.8% | ||
| Q4 24 | 12.0% | -1.6% | ||
| Q3 24 | 13.3% | 152.8% | ||
| Q2 24 | 15.2% | -10.1% | ||
| Q1 24 | 15.1% | -5.6% |
每股收益（稀释后）AOSVYX
| Q4 25 | $0.89 | $0.64 | ||
| Q3 25 | $0.94 | $-0.16 | ||
| Q2 25 | $1.07 | $-0.03 | ||
| Q1 25 | $0.95 | $-0.15 | ||
| Q4 24 | $0.75 | $-0.05 | ||
| Q3 24 | $0.82 | $7.41 | ||
| Q2 24 | $1.06 | $-0.53 | ||
| Q1 24 | $1.00 | $-0.31 |
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 | $231.0M |
| 总债务越低越好 | $155.0M | $1.1B |
| 股东权益账面价值 | $1.9B | $948.0M |
| 总资产 | $3.1B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.08× | 1.17× |
8季度趋势，按日历期对齐
现金及短期投资AOSVYX
| Q4 25 | $193.2M | $231.0M | ||
| Q3 25 | $172.8M | $282.0M | ||
| Q2 25 | $177.9M | $276.0M | ||
| Q1 25 | $200.2M | $573.0M | ||
| Q4 24 | $276.1M | $722.0M | ||
| Q3 24 | $255.6M | $792.0M | ||
| Q2 24 | $233.3M | $203.0M | ||
| Q1 24 | $303.1M | $241.0M |
总债务AOSVYX
| Q4 25 | $155.0M | $1.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | $1.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSVYX
| Q4 25 | $1.9B | $948.0M | ||
| Q3 25 | $1.8B | $848.0M | ||
| Q2 25 | $1.8B | $867.0M | ||
| Q1 25 | $1.9B | $857.0M | ||
| Q4 24 | $1.9B | $933.0M | ||
| Q3 24 | $1.9B | $1.0B | ||
| Q2 24 | $1.9B | $-85.0M | ||
| Q1 24 | $1.9B | $-34.0M |
总资产AOSVYX
| Q4 25 | $3.1B | $3.9B | ||
| Q3 25 | $3.2B | $4.0B | ||
| Q2 25 | $3.2B | $4.0B | ||
| Q1 25 | $3.3B | $4.3B | ||
| Q4 24 | $3.2B | $4.5B | ||
| Q3 24 | $3.2B | $4.7B | ||
| Q2 24 | $3.2B | $4.8B | ||
| Q1 24 | $3.2B | $5.0B |
负债/权益比AOSVYX
| Q4 25 | 0.08× | 1.17× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | 1.18× | ||
| 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 | $60.0M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | — |
| 自由现金流率自由现金流/营收 | 18.1% | — |
| 资本支出强度资本支出/营收 | 1.9% | — |
| 现金转化率经营现金流/净利润 | 1.46× | 0.61× |
| 过去12个月自由现金流最近4个季度 | $546.0M | — |
8季度趋势，按日历期对齐
经营现金流AOSVYX
| Q4 25 | $183.1M | $60.0M | ||
| Q3 25 | $255.4M | $14.0M | ||
| Q2 25 | $139.6M | $-242.0M | ||
| Q1 25 | $38.7M | $-42.0M | ||
| Q4 24 | $221.9M | $-170.0M | ||
| Q3 24 | $195.9M | $11.0M | ||
| Q2 24 | $57.4M | $62.0M | ||
| Q1 24 | $106.6M | $-35.0M |
自由现金流AOSVYX
| Q4 25 | $165.5M | — | ||
| Q3 25 | $240.6M | $10.0M | ||
| Q2 25 | $122.5M | $-249.0M | ||
| Q1 25 | $17.4M | $-50.0M | ||
| Q4 24 | $191.3M | $-177.0M | ||
| Q3 24 | $163.4M | $9.0M | ||
| Q2 24 | $34.5M | $49.0M | ||
| Q1 24 | $84.6M | $-43.0M |
自由现金流率AOSVYX
| Q4 25 | 18.1% | — | ||
| Q3 25 | 25.5% | 1.5% | ||
| Q2 25 | 12.1% | -37.4% | ||
| Q1 25 | 1.8% | -8.1% | ||
| Q4 24 | 21.0% | -26.1% | ||
| Q3 24 | 18.1% | 1.3% | ||
| Q2 24 | 3.4% | 6.8% | ||
| Q1 24 | 8.6% | -6.1% |
资本支出强度AOSVYX
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.6% | 0.6% | ||
| Q2 25 | 1.7% | 1.1% | ||
| Q1 25 | 2.2% | 1.3% | ||
| Q4 24 | 3.4% | 1.0% | ||
| Q3 24 | 3.6% | 0.3% | ||
| Q2 24 | 2.2% | 1.8% | ||
| Q1 24 | 2.2% | 1.1% |
现金转化率AOSVYX
| Q4 25 | 1.46× | 0.61× | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | 0.01× | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.72× | — |
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% |
VYX
| Services | $484.0M | 67% |
| Products | $236.0M | 33% |
