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ADAMAS TRUST, INC.（ADAM）与American Outdoor Brands, Inc.（AOUT）财务数据对比。点击上方公司名可切换其他公司
American Outdoor Brands, Inc.的季度营收约是ADAMAS TRUST, INC.的1.3倍（$57.2M vs $43.2M），ADAMAS TRUST, INC.净利率更高（124.0% vs 3.6%，领先120.4%），ADAMAS TRUST, INC.同比增速更快（61.6% vs -5.0%），ADAMAS TRUST, INC.自由现金流更多（$125.9M vs $-14.1M），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs 3.5%）
Deckers Brands（原Deckers Outdoor Corporation）是美国鞋履设计与分销企业，1973年成立，总部位于加利福尼亚州戈利塔，由道格·奥托与卡尔·F·洛普克创立，旗下拥有UGG、Teva、Hoka等多个知名品牌。
ADAM vs AOUT — 直观对比
营收规模更大
AOUT
是对方的1.3倍
$43.2M
营收增速更快
ADAM
高出66.7%
-5.0%
净利率更高
ADAM
高出120.4%
3.6%
自由现金流更多
ADAM
多$140.0M
$-14.1M
两年增速更快
ADAM
近两年复合增速
3.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $57.2M |
| 净利润 | $53.5M | $2.1M |
| 毛利率 | — | 45.6% |
| 营业利润率 | — | 3.7% |
| 净利率 | 124.0% | 3.6% |
| 营收同比 | 61.6% | -5.0% |
| 净利润同比 | 270.5% | -33.3% |
| 每股收益（稀释后） | $0.45 | $0.16 |
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ADAMAOUT
| Q4 25 | $43.2M | $57.2M | ||
| Q3 25 | $36.6M | $29.7M | ||
| Q2 25 | $36.4M | $61.9M | ||
| Q1 25 | $33.1M | $58.5M | ||
| Q4 24 | $26.7M | $60.2M | ||
| Q3 24 | $20.2M | $41.6M | ||
| Q2 24 | $19.0M | $46.3M | ||
| Q1 24 | $17.9M | $53.4M |
净利润ADAMAOUT
| Q4 25 | $53.5M | $2.1M | ||
| Q3 25 | $44.8M | $-6.8M | ||
| Q2 25 | $8.5M | $-992.0K | ||
| Q1 25 | $42.2M | $169.0K | ||
| Q4 24 | $-31.4M | $3.1M | ||
| Q3 24 | $42.8M | $-2.4M | ||
| Q2 24 | $-15.6M | $-5.3M | ||
| Q1 24 | $-57.9M | $-2.9M |
毛利率ADAMAOUT
| Q4 25 | — | 45.6% | ||
| Q3 25 | — | 46.7% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | — | 44.7% | ||
| Q4 24 | — | 48.0% | ||
| Q3 24 | — | 45.4% | ||
| Q2 24 | — | 41.9% | ||
| Q1 24 | — | 42.7% |
营业利润率ADAMAOUT
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | -23.0% | ||
| Q2 25 | 11.7% | -1.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | -119.0% | 5.1% | ||
| Q3 24 | — | -6.2% | ||
| Q2 24 | -124.7% | -11.9% | ||
| Q1 24 | -448.8% | -5.4% |
净利率ADAMAOUT
| Q4 25 | 124.0% | 3.6% | ||
| Q3 25 | 122.5% | -23.0% | ||
| Q2 25 | 23.4% | -1.6% | ||
| Q1 25 | 127.4% | 0.3% | ||
| Q4 24 | -117.5% | 5.2% | ||
| Q3 24 | 211.7% | -5.7% | ||
| Q2 24 | -81.9% | -11.5% | ||
| Q1 24 | -324.1% | -5.4% |
每股收益（稀释后）ADAMAOUT
| Q4 25 | $0.45 | $0.16 | ||
| Q3 25 | $0.36 | $-0.54 | ||
| Q2 25 | $-0.04 | $-0.08 | ||
| Q1 25 | $0.33 | $0.01 | ||
| Q4 24 | $-0.46 | $0.24 | ||
| Q3 24 | $0.36 | $-0.18 | ||
| Q2 24 | $-0.29 | $-0.41 | ||
| Q1 24 | $-0.75 | $-0.23 |
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 | $210.3M | $3.1M |
| 总债务越低越好 | $735.8M | — |
| 股东权益账面价值 | $1.4B | $170.4M |
| 总资产 | $12.6B | $240.9M |
| 负债/权益比越低杠杆越低 | 0.52× | — |
8季度趋势，按日历期对齐
现金及短期投资ADAMAOUT
| Q4 25 | $210.3M | $3.1M | ||
| Q3 25 | $185.3M | $17.8M | ||
| Q2 25 | $160.4M | $23.4M | ||
| Q1 25 | $177.1M | $17.1M | ||
| Q4 24 | $167.4M | $14.2M | ||
| Q3 24 | $195.1M | $23.5M | ||
| Q2 24 | $235.5M | $29.7M | ||
| Q1 24 | $226.9M | $15.9M |
总债务ADAMAOUT
| Q4 25 | $735.8M | — | ||
| Q3 25 | $766.6M | — | ||
| Q2 25 | $653.0M | — | ||
| Q1 25 | $654.4M | — | ||
| Q4 24 | $573.2M | — | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
股东权益ADAMAOUT
| Q4 25 | $1.4B | $170.4M | ||
| Q3 25 | $1.4B | $167.8M | ||
| Q2 25 | $1.4B | $177.6M | ||
| Q1 25 | $1.4B | $178.7M | ||
| Q4 24 | $1.4B | $178.9M | ||
| Q3 24 | $1.4B | $175.7M | ||
| Q2 24 | $1.4B | $177.9M | ||
| Q1 24 | $1.5B | $182.4M |
总资产ADAMAOUT
| Q4 25 | $12.6B | $240.9M | ||
| Q3 25 | $12.4B | $241.9M | ||
| Q2 25 | $10.6B | $246.4M | ||
| Q1 25 | $10.0B | $245.9M | ||
| Q4 24 | $9.2B | $254.1M | ||
| Q3 24 | $8.9B | $244.8M | ||
| Q2 24 | $8.2B | $240.6M | ||
| Q1 24 | $7.4B | $239.1M |
负债/权益比ADAMAOUT
| Q4 25 | 0.52× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.67× | — |
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 | $134.0M | $-13.3M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | $-14.1M |
| 自由现金流率自由现金流/营收 | 291.6% | -24.6% |
| 资本支出强度资本支出/营收 | 18.9% | 1.3% |
| 现金转化率经营现金流/净利润 | 2.50× | -6.41× |
| 过去12个月自由现金流最近4个季度 | — | $-4.7M |
8季度趋势，按日历期对齐
经营现金流ADAMAOUT
| Q4 25 | $134.0M | $-13.3M | ||
| Q3 25 | $6.9M | $-1.7M | ||
| Q2 25 | $39.2M | $7.8M | ||
| Q1 25 | $25.8M | $5.9M | ||
| Q4 24 | $14.1M | $-7.9M | ||
| Q3 24 | $-922.0K | $-4.4M | ||
| Q2 24 | $-993.0K | $14.7M | ||
| Q1 24 | $-13.1M | $13.0M |
自由现金流ADAMAOUT
| Q4 25 | $125.9M | $-14.1M | ||
| Q3 25 | — | $-2.0M | ||
| Q2 25 | — | $7.2M | ||
| Q1 25 | — | $4.2M | ||
| Q4 24 | $-10.6M | $-8.0M | ||
| Q3 24 | $-8.6M | $-5.2M | ||
| Q2 24 | $-8.6M | $14.2M | ||
| Q1 24 | $-19.1M | $9.7M |
自由现金流率ADAMAOUT
| Q4 25 | 291.6% | -24.6% | ||
| Q3 25 | — | -6.7% | ||
| Q2 25 | — | 11.6% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | -39.6% | -13.3% | ||
| Q3 24 | -42.3% | -12.5% | ||
| Q2 24 | -44.9% | 30.6% | ||
| Q1 24 | -107.0% | 18.2% |
资本支出强度ADAMAOUT
| Q4 25 | 18.9% | 1.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | 92.3% | 0.1% | ||
| Q3 24 | 37.7% | 2.0% | ||
| Q2 24 | 39.7% | 1.1% | ||
| Q1 24 | 33.5% | 6.2% |
现金转化率ADAMAOUT
| Q4 25 | 2.50× | -6.41× | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | 34.86× | ||
| Q4 24 | — | -2.55× | ||
| Q3 24 | -0.02× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
AOUT
| Traditional Channels Net Sales | $36.8M | 64% |
| E Commerce Channels Net Sales | $20.4M | 36% |
