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A.O.史密斯（AOS）与Zurn Elkay Water Solutions Corp（ZWS）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Zurn Elkay Water Solutions Corp的2.2倍（$912.5M vs $407.2M）。A.O.史密斯净利率更高（13.7% vs 10.3%，领先3.4%）。Zurn Elkay Water Solutions Corp同比增速更快（9.8% vs 0.0%）。过去两年Zurn Elkay Water Solutions Corp的营收复合增速更高（4.4% 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。
Zurn Elkay Water Solutions是一家专业水资源管理解决方案提供商，主要生产销售商用给排水设备、饮用水系统、过滤产品及流量控制组件，服务北美及全球的商用、住宅、工业和公共基建领域，主打高效节水的可持续产品。
AOS vs ZWS — 直观对比
营收规模更大
AOS
是对方的2.2倍
$407.2M
营收增速更快
ZWS
高出9.8%
0.0%
净利率更高
AOS
高出3.4%
10.3%
两年增速更快
ZWS
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $407.2M |
| 净利润 | $125.4M | $42.1M |
| 毛利率 | 38.4% | 44.4% |
| 营业利润率 | 17.9% | 14.8% |
| 净利率 | 13.7% | 10.3% |
| 营收同比 | 0.0% | 9.8% |
| 净利润同比 | 14.3% | 15.7% |
| 每股收益（稀释后） | $0.89 | $0.24 |
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AOSZWS
| Q4 25 | $912.5M | $407.2M | ||
| Q3 25 | $942.5M | $455.4M | ||
| Q2 25 | $1.0B | $444.5M | ||
| Q1 25 | $963.9M | $388.8M | ||
| Q4 24 | $912.4M | $370.7M | ||
| Q3 24 | $902.6M | $410.0M | ||
| Q2 24 | $1.0B | $412.0M | ||
| Q1 24 | $978.8M | $373.8M |
净利润AOSZWS
| Q4 25 | $125.4M | $42.1M | ||
| Q3 25 | $132.0M | $61.8M | ||
| Q2 25 | $152.2M | $50.5M | ||
| Q1 25 | $136.6M | $43.6M | ||
| Q4 24 | $109.7M | $36.4M | ||
| Q3 24 | $120.1M | $43.5M | ||
| Q2 24 | $156.2M | $46.0M | ||
| Q1 24 | $147.6M | $34.3M |
毛利率AOSZWS
| Q4 25 | 38.4% | 44.4% | ||
| Q3 25 | 38.7% | 44.1% | ||
| Q2 25 | 39.3% | 45.5% | ||
| Q1 25 | 38.9% | 46.6% | ||
| Q4 24 | 37.1% | 43.5% | ||
| Q3 24 | 37.4% | 46.2% | ||
| Q2 24 | 38.7% | 45.2% | ||
| Q1 24 | 39.3% | 45.5% |
营业利润率AOSZWS
| Q4 25 | 17.9% | 14.8% | ||
| Q3 25 | 18.6% | 17.0% | ||
| Q2 25 | 20.4% | 17.5% | ||
| Q1 25 | 19.1% | 16.3% | ||
| Q4 24 | 10.1% | 13.3% | ||
| Q3 24 | 19.5% | 17.1% | ||
| Q2 24 | 21.9% | 17.5% | ||
| Q1 24 | 22.0% | 14.2% |
净利率AOSZWS
| Q4 25 | 13.7% | 10.3% | ||
| Q3 25 | 14.0% | 13.6% | ||
| Q2 25 | 15.0% | 11.4% | ||
| Q1 25 | 14.2% | 11.2% | ||
| Q4 24 | 12.0% | 9.8% | ||
| Q3 24 | 13.3% | 10.6% | ||
| Q2 24 | 15.2% | 11.2% | ||
| Q1 24 | 15.1% | 9.2% |
每股收益（稀释后）AOSZWS
| Q4 25 | $0.89 | $0.24 | ||
| Q3 25 | $0.94 | $0.36 | ||
| Q2 25 | $1.07 | $0.29 | ||
| Q1 25 | $0.95 | $0.26 | ||
| Q4 24 | $0.75 | $0.21 | ||
| Q3 24 | $0.82 | $0.25 | ||
| Q2 24 | $1.06 | $0.27 | ||
| Q1 24 | $1.00 | $0.19 |
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 | $300.5M |
| 总债务越低越好 | $155.0M | $496.5M |
| 股东权益账面价值 | $1.9B | $1.6B |
| 总资产 | $3.1B | $2.7B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资AOSZWS
| Q4 25 | $193.2M | $300.5M | ||
| Q3 25 | $172.8M | $260.1M | ||
| Q2 25 | $177.9M | $201.9M | ||
| Q1 25 | $200.2M | $144.7M | ||
| Q4 24 | $276.1M | $198.0M | ||
| Q3 24 | $255.6M | $187.9M | ||
| Q2 24 | $233.3M | $162.7M | ||
| Q1 24 | $303.1M | $157.1M |
总债务AOSZWS
| Q4 25 | $155.0M | $496.5M | ||
| Q3 25 | — | $496.4M | ||
| Q2 25 | — | $495.9M | ||
| Q1 25 | — | $495.8M | ||
| Q4 24 | $193.2M | $495.6M | ||
| Q3 24 | — | $495.6M | ||
| Q2 24 | — | $495.5M | ||
| Q1 24 | — | $495.4M |
股东权益AOSZWS
| Q4 25 | $1.9B | $1.6B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $1.8B | $1.6B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $1.9B | $1.6B | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | $1.9B | $1.6B |
总资产AOSZWS
| Q4 25 | $3.1B | $2.7B | ||
| Q3 25 | $3.2B | $2.7B | ||
| Q2 25 | $3.2B | $2.7B | ||
| Q1 25 | $3.3B | $2.6B | ||
| Q4 24 | $3.2B | $2.6B | ||
| Q3 24 | $3.2B | $2.7B | ||
| Q2 24 | $3.2B | $2.7B | ||
| Q1 24 | $3.2B | $2.7B |
负债/权益比AOSZWS
| Q4 25 | 0.08× | 0.31× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | 0.10× | 0.31× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.31× | ||
| Q1 24 | — | 0.31× |
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 | $91.7M |
| 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× | 2.18× |
| 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AOSZWS
| Q4 25 | $183.1M | $91.7M | ||
| Q3 25 | $255.4M | $101.3M | ||
| Q2 25 | $139.6M | $110.6M | ||
| Q1 25 | $38.7M | $42.9M | ||
| Q4 24 | $221.9M | $63.6M | ||
| Q3 24 | $195.9M | $90.9M | ||
| Q2 24 | $57.4M | $85.1M | ||
| Q1 24 | $106.6M | $53.9M |
自由现金流AOSZWS
| Q4 25 | $165.5M | — | ||
| Q3 25 | $240.6M | — | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $17.4M | — | ||
| Q4 24 | $191.3M | — | ||
| Q3 24 | $163.4M | — | ||
| Q2 24 | $34.5M | — | ||
| Q1 24 | $84.6M | — |
自由现金流率AOSZWS
| Q4 25 | 18.1% | — | ||
| Q3 25 | 25.5% | — | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 21.0% | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 8.6% | — |
资本支出强度AOSZWS
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 2.2% | — |
现金转化率AOSZWS
| Q4 25 | 1.46× | 2.18× | ||
| Q3 25 | 1.93× | 1.64× | ||
| Q2 25 | 0.92× | 2.19× | ||
| Q1 25 | 0.28× | 0.98× | ||
| Q4 24 | 2.02× | 1.75× | ||
| Q3 24 | 1.63× | 2.09× | ||
| Q2 24 | 0.37× | 1.85× | ||
| Q1 24 | 0.72× | 1.57× |
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% |
ZWS
暂无分部数据
