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A.O.史密斯（AOS）与Petco Health & Wellness Company, Inc.（WOOF）财务数据对比。点击上方公司名可切换其他公司
Petco Health & Wellness Company, Inc.的季度营收约是A.O.史密斯的1.6倍（$1.5B vs $912.5M），A.O.史密斯净利率更高（13.7% vs 0.6%，领先13.1%），A.O.史密斯同比增速更快（0.0% vs -3.1%），A.O.史密斯自由现金流更多（$165.5M vs $60.6M），过去两年A.O.史密斯的营收复合增速更高（-3.4% vs -6.5%）
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。
Petco健康与 wellness公司是美国知名宠物零售商，总部分别设于圣迭戈与圣安东尼奥。公司主营宠物食品、宠物用品及相关宠物服务，同时也售卖部分品类的活宠小型宠物，是北美宠物零售领域的老牌企业。
AOS vs WOOF — 直观对比
营收规模更大
WOOF
是对方的1.6倍
$912.5M
营收增速更快
AOS
高出3.1%
-3.1%
净利率更高
AOS
高出13.1%
0.6%
自由现金流更多
AOS
多$104.9M
$60.6M
两年增速更快
AOS
近两年复合增速
-6.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $1.5B |
| 净利润 | $125.4M | $9.3M |
| 毛利率 | 38.4% | 38.9% |
| 营业利润率 | 17.9% | 2.0% |
| 净利率 | 13.7% | 0.6% |
| 营收同比 | 0.0% | -3.1% |
| 净利润同比 | 14.3% | 156.0% |
| 每股收益（稀释后） | $0.89 | $0.03 |
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AOSWOOF
| Q4 25 | $912.5M | $1.5B | ||
| Q3 25 | $942.5M | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $963.9M | $1.6B | ||
| Q4 24 | $912.4M | $1.5B | ||
| Q3 24 | $902.6M | $1.5B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $978.8M | $1.7B |
净利润AOSWOOF
| Q4 25 | $125.4M | $9.3M | ||
| Q3 25 | $132.0M | $14.0M | ||
| Q2 25 | $152.2M | $-11.7M | ||
| Q1 25 | $136.6M | $-13.8M | ||
| Q4 24 | $109.7M | $-16.7M | ||
| Q3 24 | $120.1M | $-24.8M | ||
| Q2 24 | $156.2M | $-46.5M | ||
| Q1 24 | $147.6M | $-22.6M |
毛利率AOSWOOF
| Q4 25 | 38.4% | 38.9% | ||
| Q3 25 | 38.7% | 39.3% | ||
| Q2 25 | 39.3% | 38.2% | ||
| Q1 25 | 38.9% | 38.0% | ||
| Q4 24 | 37.1% | 38.1% | ||
| Q3 24 | 37.4% | 38.1% | ||
| Q2 24 | 38.7% | 37.8% | ||
| Q1 24 | 39.3% | 36.2% |
营业利润率AOSWOOF
| Q4 25 | 17.9% | 2.0% | ||
| Q3 25 | 18.6% | 2.9% | ||
| Q2 25 | 20.4% | 1.1% | ||
| Q1 25 | 19.1% | 1.1% | ||
| Q4 24 | 10.1% | 0.3% | ||
| Q3 24 | 19.5% | 0.2% | ||
| Q2 24 | 21.9% | -1.1% | ||
| Q1 24 | 22.0% | 0.0% |
净利率AOSWOOF
| Q4 25 | 13.7% | 0.6% | ||
| Q3 25 | 14.0% | 0.9% | ||
| Q2 25 | 15.0% | -0.8% | ||
| Q1 25 | 14.2% | -0.9% | ||
| Q4 24 | 12.0% | -1.1% | ||
| Q3 24 | 13.3% | -1.6% | ||
| Q2 24 | 15.2% | -3.0% | ||
| Q1 24 | 15.1% | -1.3% |
每股收益（稀释后）AOSWOOF
| Q4 25 | $0.89 | $0.03 | ||
| Q3 25 | $0.94 | $0.05 | ||
| Q2 25 | $1.07 | $-0.04 | ||
| Q1 25 | $0.95 | $-0.05 | ||
| Q4 24 | $0.75 | $-0.06 | ||
| Q3 24 | $0.82 | $-0.09 | ||
| Q2 24 | $1.06 | $-0.17 | ||
| Q1 24 | $1.00 | $-0.09 |
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 | $237.4M |
| 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 | $5.2B |
| 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AOSWOOF
| Q4 25 | $193.2M | $237.4M | ||
| Q3 25 | $172.8M | $188.7M | ||
| Q2 25 | $177.9M | $133.3M | ||
| Q1 25 | $200.2M | $165.8M | ||
| Q4 24 | $276.1M | $116.7M | ||
| Q3 24 | $255.6M | $127.6M | ||
| Q2 24 | $233.3M | $89.7M | ||
| Q1 24 | $303.1M | $125.4M |
总债务AOSWOOF
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSWOOF
| Q4 25 | $1.9B | $1.2B | ||
| 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 | $1.2B | ||
| Q1 24 | $1.9B | $1.2B |
总资产AOSWOOF
| Q4 25 | $3.1B | $5.2B | ||
| Q3 25 | $3.2B | $5.2B | ||
| Q2 25 | $3.2B | $5.1B | ||
| Q1 25 | $3.3B | $5.2B | ||
| Q4 24 | $3.2B | $5.2B | ||
| Q3 24 | $3.2B | $5.3B | ||
| Q2 24 | $3.2B | $5.3B | ||
| Q1 24 | $3.2B | $5.4B |
负债/权益比AOSWOOF
| 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 | $90.1M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $60.6M |
| 自由现金流率自由现金流/营收 | 18.1% | 4.1% |
| 资本支出强度资本支出/营收 | 1.9% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.46× | 9.66× |
| 过去12个月自由现金流最近4个季度 | $546.0M | $129.6M |
8季度趋势，按日历期对齐
经营现金流AOSWOOF
| Q4 25 | $183.1M | $90.1M | ||
| Q3 25 | $255.4M | $85.9M | ||
| Q2 25 | $139.6M | $-15.5M | ||
| Q1 25 | $38.7M | $96.0M | ||
| Q4 24 | $221.9M | $20.7M | ||
| Q3 24 | $195.9M | $69.4M | ||
| Q2 24 | $57.4M | $-8.4M | ||
| Q1 24 | $106.6M | $47.0M |
自由现金流AOSWOOF
| Q4 25 | $165.5M | $60.6M | ||
| Q3 25 | $240.6M | $53.8M | ||
| Q2 25 | $122.5M | $-43.9M | ||
| Q1 25 | $17.4M | $59.0M | ||
| Q4 24 | $191.3M | $-10.3M | ||
| Q3 24 | $163.4M | $42.0M | ||
| Q2 24 | $34.5M | $-41.1M | ||
| Q1 24 | $84.6M | $-2.0M |
自由现金流率AOSWOOF
| Q4 25 | 18.1% | 4.1% | ||
| Q3 25 | 25.5% | 3.6% | ||
| Q2 25 | 12.1% | -2.9% | ||
| Q1 25 | 1.8% | 3.8% | ||
| Q4 24 | 21.0% | -0.7% | ||
| Q3 24 | 18.1% | 2.8% | ||
| Q2 24 | 3.4% | -2.7% | ||
| Q1 24 | 8.6% | -0.1% |
资本支出强度AOSWOOF
| Q4 25 | 1.9% | 2.0% | ||
| Q3 25 | 1.6% | 2.2% | ||
| Q2 25 | 1.7% | 1.9% | ||
| Q1 25 | 2.2% | 2.4% | ||
| Q4 24 | 3.4% | 2.1% | ||
| Q3 24 | 3.6% | 1.8% | ||
| Q2 24 | 2.2% | 2.1% | ||
| Q1 24 | 2.2% | 2.9% |
现金转化率AOSWOOF
| Q4 25 | 1.46× | 9.66× | ||
| Q3 25 | 1.93× | 6.15× | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | — | ||
| 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% |
WOOF
| Consumables | $731.5M | 50% |
| Supplies And Companion Animals | $478.1M | 33% |
| Services & Other | $254.8M | 17% |
