vs
AZZ INC（AZZ）与Gentherm Inc（THRM）财务数据对比。点击上方公司名可切换其他公司
AZZ INC的季度营收约是Gentherm Inc的1.0倍（$385.1M vs $382.8M），AZZ INC净利率更高（4.1% vs 0.8%，领先3.4%），Gentherm Inc同比增速更快（8.5% vs -75.6%），过去两年Gentherm Inc的营收复合增速更高（3.7% vs -3.5%）
AZZ公司是全球领先的金属防护解决方案供应商，主营热浸镀锌、表面涂层处理服务及特种电气、工业零部件，主要服务于北美及其他核心国际市场的建筑、能源、基建、制造等下游领域。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
AZZ vs THRM — 直观对比
营收规模更大
AZZ
是对方的1.0倍
$382.8M
营收增速更快
THRM
高出84.1%
-75.6%
净利率更高
AZZ
高出3.4%
0.8%
两年增速更快
THRM
近两年复合增速
-3.5%
损益表 — Q4 FY2027 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $385.1M | $382.8M |
| 净利润 | $15.9M | $3.0M |
| 毛利率 | 22.7% | 23.7% |
| 营业利润率 | 14.8% | 4.6% |
| 净利率 | 4.1% | 0.8% |
| 营收同比 | -75.6% | 8.5% |
| 净利润同比 | -21.2% | -80.5% |
| 每股收益（稀释后） | $0.53 | $0.08 |
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AZZTHRM
| Q4 26 | $385.1M | — | ||
| Q4 25 | $425.7M | $382.8M | ||
| Q3 25 | $417.3M | $386.9M | ||
| Q2 25 | $422.0M | $375.1M | ||
| Q1 25 | $351.9M | $353.9M | ||
| Q4 24 | $403.7M | $352.9M | ||
| Q3 24 | $409.0M | $371.5M | ||
| Q2 24 | $413.2M | $375.7M |
净利润AZZTHRM
| Q4 26 | $15.9M | — | ||
| Q4 25 | $41.1M | $3.0M | ||
| Q3 25 | $89.3M | $14.9M | ||
| Q2 25 | $170.9M | $477.0K | ||
| Q1 25 | $20.2M | $-128.0K | ||
| Q4 24 | $33.6M | $15.3M | ||
| Q3 24 | $35.4M | $16.0M | ||
| Q2 24 | $39.6M | $18.9M |
毛利率AZZTHRM
| Q4 26 | 22.7% | — | ||
| Q4 25 | 23.9% | 23.7% | ||
| Q3 25 | 24.3% | 24.6% | ||
| Q2 25 | 24.7% | 23.9% | ||
| Q1 25 | 22.4% | 24.4% | ||
| Q4 24 | 24.2% | 24.4% | ||
| Q3 24 | 25.3% | 25.5% | ||
| Q2 24 | 24.8% | 25.7% |
营业利润率AZZTHRM
| Q4 26 | 14.8% | — | ||
| Q4 25 | 16.3% | 4.6% | ||
| Q3 25 | 16.4% | 6.2% | ||
| Q2 25 | 16.5% | 6.4% | ||
| Q1 25 | 11.5% | 4.8% | ||
| Q4 24 | 14.5% | 6.7% | ||
| Q3 24 | 16.5% | 8.7% | ||
| Q2 24 | 16.9% | 8.8% |
净利率AZZTHRM
| Q4 26 | 4.1% | — | ||
| Q4 25 | 9.6% | 0.8% | ||
| Q3 25 | 21.4% | 3.9% | ||
| Q2 25 | 40.5% | 0.1% | ||
| Q1 25 | 5.7% | -0.0% | ||
| Q4 24 | 8.3% | 4.3% | ||
| Q3 24 | 8.7% | 4.3% | ||
| Q2 24 | 9.6% | 5.0% |
每股收益（稀释后）AZZTHRM
| Q4 26 | $0.53 | — | ||
| Q4 25 | $1.36 | $0.08 | ||
| Q3 25 | $2.95 | $0.49 | ||
| Q2 25 | $5.66 | $0.02 | ||
| Q1 25 | $0.87 | $0.00 | ||
| Q4 24 | $1.12 | $0.48 | ||
| Q3 24 | $1.18 | $0.51 | ||
| Q2 24 | $-1.38 | $0.60 |
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 | — | $160.8M |
| 总债务越低越好 | — | $189.0M |
| 股东权益账面价值 | $1.3B | $720.3M |
| 总资产 | $2.2B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资AZZTHRM
| Q4 26 | — | — | ||
| Q4 25 | $623.0K | $160.8M | ||
| Q3 25 | $897.0K | $154.3M | ||
| Q2 25 | $3.0M | $128.3M | ||
| Q1 25 | $1.5M | $163.1M | ||
| Q4 24 | $1.5M | $134.1M | ||
| Q3 24 | $2.2M | $150.6M | ||
| Q2 24 | $10.5M | $123.5M |
总债务AZZTHRM
| Q4 26 | — | — | ||
| Q4 25 | — | $189.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $209.0M | ||
| Q1 25 | — | $262.0M | ||
| Q4 24 | — | $220.1M | ||
| Q3 24 | — | $222.1M | ||
| Q2 24 | — | $222.1M |
股东权益AZZTHRM
| Q4 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $720.3M | ||
| Q3 25 | $1.3B | $717.9M | ||
| Q2 25 | $1.2B | $699.7M | ||
| Q1 25 | $1.0B | $646.5M | ||
| Q4 24 | $1.0B | $616.9M | ||
| Q3 24 | $999.8M | $660.7M | ||
| Q2 24 | $967.2M | $640.3M |
总资产AZZTHRM
| Q4 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.2B | $1.3B | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.2B | $1.2B |
负债/权益比AZZTHRM
| Q4 26 | — | — | ||
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.35× |
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 | $525.4M | $29.0M |
| 自由现金流经营现金流 - 资本支出 | — | $6.7M |
| 自由现金流率自由现金流/营收 | — | 1.7% |
| 资本支出强度资本支出/营收 | — | 5.8% |
| 现金转化率经营现金流/净利润 | 32.98× | 9.70× |
| 过去12个月自由现金流最近4个季度 | — | $61.1M |
8季度趋势，按日历期对齐
经营现金流AZZTHRM
| Q4 26 | $525.4M | — | ||
| Q4 25 | $79.7M | $29.0M | ||
| Q3 25 | $58.4M | $56.1M | ||
| Q2 25 | $314.8M | $45.0M | ||
| Q1 25 | — | $-13.3M | ||
| Q4 24 | $66.2M | $36.6M | ||
| Q3 24 | $47.5M | $46.3M | ||
| Q2 24 | $71.9M | $37.1M |
自由现金流AZZTHRM
| Q4 26 | — | — | ||
| Q4 25 | $61.2M | $6.7M | ||
| Q3 25 | $39.1M | $46.5M | ||
| Q2 25 | $293.9M | $36.2M | ||
| Q1 25 | — | $-28.2M | ||
| Q4 24 | $39.7M | $13.6M | ||
| Q3 24 | $15.4M | $26.6M | ||
| Q2 24 | $44.5M | $17.8M |
自由现金流率AZZTHRM
| Q4 26 | — | — | ||
| Q4 25 | 14.4% | 1.7% | ||
| Q3 25 | 9.4% | 12.0% | ||
| Q2 25 | 69.6% | 9.6% | ||
| Q1 25 | — | -8.0% | ||
| Q4 24 | 9.8% | 3.9% | ||
| Q3 24 | 3.8% | 7.2% | ||
| Q2 24 | 10.8% | 4.7% |
资本支出强度AZZTHRM
| Q4 26 | — | — | ||
| Q4 25 | 4.4% | 5.8% | ||
| Q3 25 | 4.6% | 2.5% | ||
| Q2 25 | 5.0% | 2.4% | ||
| Q1 25 | 8.5% | 4.2% | ||
| Q4 24 | 6.6% | 6.5% | ||
| Q3 24 | 7.8% | 5.3% | ||
| Q2 24 | 6.6% | 5.2% |
现金转化率AZZTHRM
| Q4 26 | 32.98× | — | ||
| Q4 25 | 1.94× | 9.70× | ||
| Q3 25 | 0.65× | 3.75× | ||
| Q2 25 | 1.84× | 94.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.97× | 2.39× | ||
| Q3 24 | 1.34× | 2.90× | ||
| Q2 24 | 1.82× | 1.97× |
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
AZZ
| Precoat Metals | $203.5M | 53% |
| Metal Coatings | $186.5M | 48% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
