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美国鹰（AEO）与BRUNSWICK CORP（BC）财务数据对比。点击上方公司名可切换其他公司
美国鹰的季度营收约是BRUNSWICK CORP的1.0倍（$1.4B vs $1.3B），美国鹰净利率更高（6.7% vs 1.4%，领先5.3%），BRUNSWICK CORP同比增速更快（15.5% vs 5.7%），BRUNSWICK CORP自由现金流更多（$83.6M vs $-2.5M），过去两年美国鹰的营收复合增速更高（2.3% vs -1.1%）
American Eagle Outfitters是美国知名服饰及配饰零售商，总部位于宾夕法尼亚州匹兹堡市南区工业园。品牌1977年由杰里·西尔弗曼与马克·西尔弗曼兄弟创立，最初为零售风险投资公司的子公司，旗下还运营西尔弗曼男装。1980年创始人向肖滕斯坦家族出售一半股权，1991年售罄剩余股份，目前旗下拥有Aerie、Unsubscribed等多个品牌。
美国Brunswick公司创立于1845年，专注于多品类产品的研发、生产与营销，旗下拥有知名海事品牌水星海事（Mercury Marine）等多个品牌。目前集团在24个国家拥有超1.3万名员工，2024年销售额达52亿美元，全球总部位于伊利诺伊州芝加哥北郊的梅塔瓦。
AEO vs BC — 直观对比
营收规模更大
AEO
是对方的1.0倍
$1.3B
营收增速更快
BC
高出9.8%
5.7%
净利率更高
AEO
高出5.3%
1.4%
自由现金流更多
BC
多$86.1M
$-2.5M
两年增速更快
AEO
近两年复合增速
-1.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $91.3M | $18.7M |
| 毛利率 | 40.5% | 23.1% |
| 营业利润率 | 8.3% | 3.1% |
| 净利率 | 6.7% | 1.4% |
| 营收同比 | 5.7% | 15.5% |
| 净利润同比 | 14.2% | 122.7% |
| 每股收益（稀释后） | $0.53 | $0.32 |
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AEOBC
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.7B | $1.4B |
净利润AEOBC
| Q4 25 | $91.3M | $18.7M | ||
| Q3 25 | $77.6M | $-235.5M | ||
| Q2 25 | $-64.9M | $59.3M | ||
| Q1 25 | — | $20.2M | ||
| Q4 24 | $80.0M | $-82.5M | ||
| Q3 24 | $77.3M | $44.6M | ||
| Q2 24 | $67.8M | $100.0M | ||
| Q1 24 | $6.3M | $68.0M |
毛利率AEOBC
| Q4 25 | 40.5% | 23.1% | ||
| Q3 25 | 38.9% | 25.8% | ||
| Q2 25 | 29.6% | 25.5% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | 40.9% | 21.9% | ||
| Q3 24 | 38.6% | 26.2% | ||
| Q2 24 | 40.6% | 27.1% | ||
| Q1 24 | 36.6% | 27.4% |
营业利润率AEOBC
| Q4 25 | 8.3% | 3.1% | ||
| Q3 25 | 8.0% | -17.8% | ||
| Q2 25 | -7.8% | 7.1% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | 8.2% | -4.8% | ||
| Q3 24 | 7.8% | 7.7% | ||
| Q2 24 | 6.8% | 11.0% | ||
| Q1 24 | 0.6% | 8.1% |
净利率AEOBC
| Q4 25 | 6.7% | 1.4% | ||
| Q3 25 | 6.0% | -17.3% | ||
| Q2 25 | -6.0% | 4.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 6.2% | -7.1% | ||
| Q3 24 | 6.0% | 3.5% | ||
| Q2 24 | 5.9% | 6.9% | ||
| Q1 24 | 0.4% | 5.0% |
每股收益（稀释后）AEOBC
| Q4 25 | $0.53 | $0.32 | ||
| Q3 25 | $0.45 | $-3.59 | ||
| Q2 25 | $-0.36 | $0.89 | ||
| Q1 25 | — | $0.30 | ||
| Q4 24 | $0.41 | $-1.21 | ||
| Q3 24 | $0.39 | $0.67 | ||
| Q2 24 | $0.34 | $1.48 | ||
| Q1 24 | $0.03 | $0.99 |
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 | $112.8M | $256.8M |
| 总债务越低越好 | — | $2.1B |
| 股东权益账面价值 | $1.6B | $1.6B |
| 总资产 | $4.2B | $5.3B |
| 负债/权益比越低杠杆越低 | — | 1.30× |
8季度趋势，按日历期对齐
现金及短期投资AEOBC
| Q4 25 | $112.8M | $256.8M | ||
| Q3 25 | $126.8M | $297.7M | ||
| Q2 25 | $87.9M | $315.7M | ||
| Q1 25 | — | $286.7M | ||
| Q4 24 | $160.2M | $269.0M | ||
| Q3 24 | $191.8M | $284.1M | ||
| Q2 24 | $300.5M | $494.5M | ||
| Q1 24 | $454.1M | $548.4M |
总债务AEOBC
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | $2.4B | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — | ||
| Q1 24 | $0 | — |
股东权益AEOBC
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | $1.7B | $1.9B | ||
| Q3 24 | $1.7B | $2.0B | ||
| Q2 24 | $1.8B | $2.0B | ||
| Q1 24 | $1.7B | $2.0B |
总资产AEOBC
| Q4 25 | $4.2B | $5.3B | ||
| Q3 25 | $4.1B | $5.4B | ||
| Q2 25 | $3.8B | $5.8B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | $3.7B | $5.7B | ||
| Q3 24 | $3.5B | $6.0B | ||
| Q2 24 | $3.6B | $6.4B | ||
| Q1 24 | $3.6B | $6.5B |
负债/权益比AEOBC
| Q4 25 | — | 1.30× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | 1.25× | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | — |
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 | $67.1M | $132.9M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $83.6M |
| 自由现金流率自由现金流/营收 | -0.2% | 6.3% |
| 资本支出强度资本支出/营收 | 5.1% | 3.7% |
| 现金转化率经营现金流/净利润 | 0.74× | 7.11× |
| 过去12个月自由现金流最近4个季度 | $-169.8M | $396.3M |
8季度趋势，按日历期对齐
经营现金流AEOBC
| Q4 25 | $67.1M | $132.9M | ||
| Q3 25 | $27.8M | $140.4M | ||
| Q2 25 | $-54.7M | $316.2M | ||
| Q1 25 | — | $-27.4M | ||
| Q4 24 | $52.9M | $306.4M | ||
| Q3 24 | $78.3M | $67.4M | ||
| Q2 24 | $-38.1M | $211.0M | ||
| Q1 24 | $296.4M | $-153.4M |
自由现金流AEOBC
| Q4 25 | $-2.5M | $83.6M | ||
| Q3 25 | $-43.1M | $106.5M | ||
| Q2 25 | $-116.3M | $271.3M | ||
| Q1 25 | — | $-65.1M | ||
| Q4 24 | $-7.8M | $276.1M | ||
| Q3 24 | $17.5M | $31.4M | ||
| Q2 24 | $-74.3M | $163.9M | ||
| Q1 24 | $256.8M | $-207.4M |
自由现金流率AEOBC
| Q4 25 | -0.2% | 6.3% | ||
| Q3 25 | -3.4% | 7.8% | ||
| Q2 25 | -10.7% | 18.7% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | -0.6% | 23.9% | ||
| Q3 24 | 1.4% | 2.5% | ||
| Q2 24 | -6.5% | 11.4% | ||
| Q1 24 | 15.3% | -15.2% |
资本支出强度AEOBC
| Q4 25 | 5.1% | 3.7% | ||
| Q3 25 | 5.5% | 2.5% | ||
| Q2 25 | 5.7% | 3.1% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | 4.7% | 2.6% | ||
| Q3 24 | 4.7% | 2.8% | ||
| Q2 24 | 3.2% | 3.3% | ||
| Q1 24 | 2.4% | 4.0% |
现金转化率AEOBC
| Q4 25 | 0.74× | 7.11× | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | — | 5.33× | ||
| Q1 25 | — | -1.36× | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 1.01× | 1.51× | ||
| Q2 24 | -0.56× | 2.11× | ||
| Q1 24 | 46.93× | -2.26× |
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
AEO
| American Eagle Brand | $800.4M | 59% |
| Aerie Brand | $429.1M | 31% |
| Other | $133.2M | 10% |
BC
| Engine Partsand Accessories | $532.4M | 40% |
| Navico Group | $452.9M | 34% |
| Recreational Fiberglass Boats | $111.6M | 8% |
| Saltwater Fishing Boats | $85.7M | 6% |
| Controls Riggingand Propellers | $78.3M | 6% |
| Business Acceleration | $48.1M | 4% |
| Sterndrive Engine | $32.6M | 2% |
