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美国鹰（AEO）与SPIRE INC（SR）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SPIRE INC的1.8倍（$1.4B vs $762.2M），SPIRE INC净利率更高（12.5% vs 6.7%，领先5.8%），SPIRE INC同比增速更快（13.9% vs 5.7%），美国鹰自由现金流更多（$-2.5M vs $-121.8M），过去两年美国鹰的营收复合增速更高（2.3% vs -17.8%）
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。
Spire Inc是总部位于美国密苏里州圣路易斯的区域公用事业控股公司，核心业务为受监管的天然气供应服务，同时布局非监管类业务拓展商业机会。旗下主要子公司Laclede Gas Company是密苏里州最大的天然气分销公用事业企业，为圣路易斯市及密苏里州东部10个县的约63.1万户住宅、商业及工业客户提供服务。
AEO vs SR — 直观对比
营收规模更大
AEO
是对方的1.8倍
$762.2M
营收增速更快
SR
高出8.2%
5.7%
净利率更高
SR
高出5.8%
6.7%
自由现金流更多
AEO
多$119.3M
$-121.8M
两年增速更快
AEO
近两年复合增速
-17.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $762.2M |
| 净利润 | $91.3M | $95.0M |
| 毛利率 | 40.5% | 55.1% |
| 营业利润率 | 8.3% | 22.8% |
| 净利率 | 6.7% | 12.5% |
| 营收同比 | 5.7% | 13.9% |
| 净利润同比 | 14.2% | 16.9% |
| 每股收益（稀释后） | $0.53 | $1.54 |
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AEOSR
| Q4 25 | $1.4B | $762.2M | ||
| Q3 25 | $1.3B | $334.1M | ||
| Q2 25 | $1.1B | $421.9M | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $1.3B | $669.1M | ||
| Q3 24 | $1.3B | $293.8M | ||
| Q2 24 | $1.1B | $414.1M | ||
| Q1 24 | $1.7B | $1.1B |
净利润AEOSR
| Q4 25 | $91.3M | $95.0M | ||
| Q3 25 | $77.6M | $-39.8M | ||
| Q2 25 | $-64.9M | $20.9M | ||
| Q1 25 | — | $209.3M | ||
| Q4 24 | $80.0M | $81.3M | ||
| Q3 24 | $77.3M | $-25.9M | ||
| Q2 24 | $67.8M | $-12.6M | ||
| Q1 24 | $6.3M | $204.3M |
毛利率AEOSR
| Q4 25 | 40.5% | 55.1% | ||
| Q3 25 | 38.9% | — | ||
| Q2 25 | 29.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.9% | 55.6% | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 40.6% | — | ||
| Q1 24 | 36.6% | — |
营业利润率AEOSR
| Q4 25 | 8.3% | 22.8% | ||
| Q3 25 | 8.0% | -0.1% | ||
| Q2 25 | -7.8% | 16.4% | ||
| Q1 25 | — | 29.1% | ||
| Q4 24 | 8.2% | 22.2% | ||
| Q3 24 | 7.8% | 6.7% | ||
| Q2 24 | 6.8% | 7.4% | ||
| Q1 24 | 0.6% | 26.5% |
净利率AEOSR
| Q4 25 | 6.7% | 12.5% | ||
| Q3 25 | 6.0% | -11.9% | ||
| Q2 25 | -6.0% | 5.0% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | 6.2% | 12.2% | ||
| Q3 24 | 6.0% | -8.8% | ||
| Q2 24 | 5.9% | -3.0% | ||
| Q1 24 | 0.4% | 18.1% |
每股收益（稀释后）AEOSR
| Q4 25 | $0.53 | $1.54 | ||
| Q3 25 | $0.45 | $-0.77 | ||
| Q2 25 | $-0.36 | $0.29 | ||
| Q1 25 | — | $3.51 | ||
| Q4 24 | $0.41 | $1.34 | ||
| Q3 24 | $0.39 | $-0.63 | ||
| Q2 24 | $0.34 | $-0.28 | ||
| Q1 24 | $0.03 | $3.58 |
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 | $4.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $3.4B |
| 总资产 | $4.2B | $11.9B |
| 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AEOSR
| Q4 25 | $112.8M | $4.1M | ||
| Q3 25 | $126.8M | $5.7M | ||
| Q2 25 | $87.9M | $13.1M | ||
| Q1 25 | — | $15.2M | ||
| Q4 24 | $160.2M | $11.5M | ||
| Q3 24 | $191.8M | $4.5M | ||
| Q2 24 | $300.5M | $7.4M | ||
| Q1 24 | $454.1M | $25.6M |
总债务AEOSR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — | ||
| Q1 24 | $0 | — |
股东权益AEOSR
| Q4 25 | $1.6B | $3.4B | ||
| Q3 25 | $1.5B | $3.4B | ||
| Q2 25 | $1.5B | $3.5B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | $1.7B | $3.3B | ||
| Q3 24 | $1.7B | $3.2B | ||
| Q2 24 | $1.8B | $3.3B | ||
| Q1 24 | $1.7B | $3.4B |
总资产AEOSR
| Q4 25 | $4.2B | $11.9B | ||
| Q3 25 | $4.1B | $11.6B | ||
| Q2 25 | $3.8B | $11.4B | ||
| Q1 25 | — | $11.3B | ||
| Q4 24 | $3.7B | $11.3B | ||
| Q3 24 | $3.5B | $10.9B | ||
| Q2 24 | $3.6B | $10.7B | ||
| Q1 24 | $3.6B | $10.7B |
负债/权益比AEOSR
| 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 | $81.0M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $-121.8M |
| 自由现金流率自由现金流/营收 | -0.2% | -16.0% |
| 资本支出强度资本支出/营收 | 5.1% | 26.6% |
| 现金转化率经营现金流/净利润 | 0.74× | 0.85× |
| 过去12个月自由现金流最近4个季度 | $-169.8M | $-286.7M |
8季度趋势，按日历期对齐
经营现金流AEOSR
| Q4 25 | $67.1M | $81.0M | ||
| Q3 25 | $27.8M | $-4.9M | ||
| Q2 25 | $-54.7M | $129.1M | ||
| Q1 25 | — | $372.7M | ||
| Q4 24 | $52.9M | $81.1M | ||
| Q3 24 | $78.3M | $82.9M | ||
| Q2 24 | $-38.1M | $270.1M | ||
| Q1 24 | $296.4M | $489.4M |
自由现金流AEOSR
| Q4 25 | $-2.5M | $-121.8M | ||
| Q3 25 | $-43.1M | $-227.6M | ||
| Q2 25 | $-116.3M | $-91.4M | ||
| Q1 25 | — | $154.1M | ||
| Q4 24 | $-7.8M | $-179.5M | ||
| Q3 24 | $17.5M | $-146.9M | ||
| Q2 24 | $-74.3M | $47.9M | ||
| Q1 24 | $256.8M | $306.6M |
自由现金流率AEOSR
| Q4 25 | -0.2% | -16.0% | ||
| Q3 25 | -3.4% | -68.1% | ||
| Q2 25 | -10.7% | -21.7% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | -0.6% | -26.8% | ||
| Q3 24 | 1.4% | -50.0% | ||
| Q2 24 | -6.5% | 11.6% | ||
| Q1 24 | 15.3% | 27.2% |
资本支出强度AEOSR
| Q4 25 | 5.1% | 26.6% | ||
| Q3 25 | 5.5% | 66.7% | ||
| Q2 25 | 5.7% | 52.3% | ||
| Q1 25 | — | 20.8% | ||
| Q4 24 | 4.7% | 38.9% | ||
| Q3 24 | 4.7% | 78.2% | ||
| Q2 24 | 3.2% | 53.7% | ||
| Q1 24 | 2.4% | 16.2% |
现金转化率AEOSR
| Q4 25 | 0.74× | 0.85× | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | — | 6.18× | ||
| Q1 25 | — | 1.78× | ||
| Q4 24 | 0.66× | 1.00× | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | -0.56× | — | ||
| Q1 24 | 46.93× | 2.40× |
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% |
SR
| Residential | $474.9M | 62% |
| Commercial And Industrial | $148.4M | 19% |
| Gas Marketing | $41.1M | 5% |
| Midstream | $39.0M | 5% |
| Transportation | $37.1M | 5% |
| Offsystem And Other Inventive | $19.7M | 3% |
| Other Customer Revenue | $4.6M | 1% |
