vs
美国鹰（AEO）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是美国鹰的1.3倍（$1.8B vs $1.4B），Masco净利率更高（9.2% vs 6.7%，领先2.5%），美国鹰同比增速更快（5.7% vs -1.9%），Masco自由现金流更多（$371.0M vs $-2.5M），过去两年美国鹰的营收复合增速更高（2.3% vs -3.5%）
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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
AEO vs MAS — 直观对比
营收规模更大
MAS
是对方的1.3倍
$1.4B
营收增速更快
AEO
高出7.6%
-1.9%
净利率更高
MAS
高出2.5%
6.7%
自由现金流更多
MAS
多$373.5M
$-2.5M
两年增速更快
AEO
近两年复合增速
-3.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.8B |
| 净利润 | $91.3M | $165.0M |
| 毛利率 | 40.5% | 33.9% |
| 营业利润率 | 8.3% | 13.8% |
| 净利率 | 6.7% | 9.2% |
| 营收同比 | 5.7% | -1.9% |
| 净利润同比 | 14.2% | -9.3% |
| 每股收益（稀释后） | $0.53 | $0.81 |
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AEOMAS
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.3B | $1.9B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $1.1B | $2.1B | ||
| Q1 24 | $1.7B | $1.9B |
净利润AEOMAS
| Q4 25 | $91.3M | $165.0M | ||
| Q3 25 | $77.6M | $189.0M | ||
| Q2 25 | $-64.9M | $270.0M | ||
| Q1 25 | — | $186.0M | ||
| Q4 24 | $80.0M | $182.0M | ||
| Q3 24 | $77.3M | $167.0M | ||
| Q2 24 | $67.8M | $258.0M | ||
| Q1 24 | $6.3M | $215.0M |
毛利率AEOMAS
| Q4 25 | 40.5% | 33.9% | ||
| Q3 25 | 38.9% | 34.2% | ||
| Q2 25 | 29.6% | 37.6% | ||
| Q1 25 | — | 35.8% | ||
| Q4 24 | 40.9% | 34.8% | ||
| Q3 24 | 38.6% | 36.6% | ||
| Q2 24 | 40.6% | 37.5% | ||
| Q1 24 | 36.6% | 35.6% |
营业利润率AEOMAS
| Q4 25 | 8.3% | 13.8% | ||
| Q3 25 | 8.0% | 15.8% | ||
| Q2 25 | -7.8% | 20.1% | ||
| Q1 25 | — | 15.9% | ||
| Q4 24 | 8.2% | 15.9% | ||
| Q3 24 | 7.8% | 18.0% | ||
| Q2 24 | 6.8% | 19.0% | ||
| Q1 24 | 0.6% | 16.5% |
净利率AEOMAS
| Q4 25 | 6.7% | 9.2% | ||
| Q3 25 | 6.0% | 9.9% | ||
| Q2 25 | -6.0% | 13.2% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | 6.2% | 10.0% | ||
| Q3 24 | 6.0% | 8.4% | ||
| Q2 24 | 5.9% | 12.3% | ||
| Q1 24 | 0.4% | 11.2% |
每股收益（稀释后）AEOMAS
| Q4 25 | $0.53 | $0.81 | ||
| Q3 25 | $0.45 | $0.90 | ||
| Q2 25 | $-0.36 | $1.28 | ||
| Q1 25 | — | $0.87 | ||
| Q4 24 | $0.41 | $0.85 | ||
| Q3 24 | $0.39 | $0.77 | ||
| Q2 24 | $0.34 | $1.17 | ||
| Q1 24 | $0.03 | $0.97 |
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 | $647.0M |
| 总债务越低越好 | — | $2.9B |
| 股东权益账面价值 | $1.6B | $-185.0M |
| 总资产 | $4.2B | $5.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AEOMAS
| Q4 25 | $112.8M | $647.0M | ||
| Q3 25 | $126.8M | $559.0M | ||
| Q2 25 | $87.9M | $390.0M | ||
| Q1 25 | — | $377.0M | ||
| Q4 24 | $160.2M | $634.0M | ||
| Q3 24 | $191.8M | $646.0M | ||
| Q2 24 | $300.5M | $398.0M | ||
| Q1 24 | $454.1M | $368.0M |
总债务AEOMAS
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | $2.9B | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — | ||
| Q1 24 | $0 | — |
股东权益AEOMAS
| Q4 25 | $1.6B | $-185.0M | ||
| Q3 25 | $1.5B | $-78.0M | ||
| Q2 25 | $1.5B | $-84.0M | ||
| Q1 25 | — | $-254.0M | ||
| Q4 24 | $1.7B | $-279.0M | ||
| Q3 24 | $1.7B | $-88.0M | ||
| Q2 24 | $1.8B | $-26.0M | ||
| Q1 24 | $1.7B | $-75.0M |
总资产AEOMAS
| Q4 25 | $4.2B | $5.2B | ||
| Q3 25 | $4.1B | $5.3B | ||
| Q2 25 | $3.8B | $5.3B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | $3.7B | $5.0B | ||
| Q3 24 | $3.5B | $5.3B | ||
| Q2 24 | $3.6B | $5.4B | ||
| Q1 24 | $3.6B | $5.3B |
负债/权益比AEOMAS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| 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 | $418.0M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $371.0M |
| 自由现金流率自由现金流/营收 | -0.2% | 20.7% |
| 资本支出强度资本支出/营收 | 5.1% | 2.6% |
| 现金转化率经营现金流/净利润 | 0.74× | 2.53× |
| 过去12个月自由现金流最近4个季度 | $-169.8M | $866.0M |
8季度趋势，按日历期对齐
经营现金流AEOMAS
| Q4 25 | $67.1M | $418.0M | ||
| Q3 25 | $27.8M | $456.0M | ||
| Q2 25 | $-54.7M | $306.0M | ||
| Q1 25 | — | $-158.0M | ||
| Q4 24 | $52.9M | $407.0M | ||
| Q3 24 | $78.3M | $416.0M | ||
| Q2 24 | $-38.1M | $346.0M | ||
| Q1 24 | $296.4M | $-94.0M |
自由现金流AEOMAS
| Q4 25 | $-2.5M | $371.0M | ||
| Q3 25 | $-43.1M | $415.0M | ||
| Q2 25 | $-116.3M | $270.0M | ||
| Q1 25 | — | $-190.0M | ||
| Q4 24 | $-7.8M | $351.0M | ||
| Q3 24 | $17.5M | $378.0M | ||
| Q2 24 | $-74.3M | $303.0M | ||
| Q1 24 | $256.8M | $-125.0M |
自由现金流率AEOMAS
| Q4 25 | -0.2% | 20.7% | ||
| Q3 25 | -3.4% | 21.6% | ||
| Q2 25 | -10.7% | 13.2% | ||
| Q1 25 | — | -10.5% | ||
| Q4 24 | -0.6% | 19.2% | ||
| Q3 24 | 1.4% | 19.1% | ||
| Q2 24 | -6.5% | 14.5% | ||
| Q1 24 | 15.3% | -6.5% |
资本支出强度AEOMAS
| Q4 25 | 5.1% | 2.6% | ||
| Q3 25 | 5.5% | 2.1% | ||
| Q2 25 | 5.7% | 1.8% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | 4.7% | 3.1% | ||
| Q3 24 | 4.7% | 1.9% | ||
| Q2 24 | 3.2% | 2.1% | ||
| Q1 24 | 2.4% | 1.6% |
现金转化率AEOMAS
| Q4 25 | 0.74× | 2.53× | ||
| Q3 25 | 0.36× | 2.41× | ||
| Q2 25 | — | 1.13× | ||
| Q1 25 | — | -0.85× | ||
| Q4 24 | 0.66× | 2.24× | ||
| Q3 24 | 1.01× | 2.49× | ||
| Q2 24 | -0.56× | 1.34× | ||
| Q1 24 | 46.93× | -0.44× |
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% |
MAS
| Plumbing Products | $844.0M | 47% |
| Decorative Architectural Products | $545.0M | 30% |
| Other | $404.0M | 23% |
