vs
美国鹰（AEO）与安德玛（UAA）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安德玛的1.0倍（$1.4B vs $1.3B），美国鹰净利率更高（6.7% vs -32.4%，领先39.2%），美国鹰同比增速更快（5.7% vs -5.2%），安德玛自由现金流更多（$261.9M vs $-2.5M），过去两年美国鹰的营收复合增速更高（2.3% vs -0.2%）
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。
Under Armour是来自美国的专业运动装备品牌，总部位于美国马里兰州巴尔的摩，主营高性能运动服饰、鞋履等产品，为全球运动爱好者及专业运动员提供兼具功能性与舒适度的运动穿着解决方案。
AEO vs UAA — 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
AEO
高出10.9%
-5.2%
净利率更高
AEO
高出39.2%
-32.4%
自由现金流更多
UAA
多$264.5M
$-2.5M
两年增速更快
AEO
近两年复合增速
-0.2%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $91.3M | $-430.8M |
| 毛利率 | 40.5% | 44.4% |
| 营业利润率 | 8.3% | -11.3% |
| 净利率 | 6.7% | -32.4% |
| 营收同比 | 5.7% | -5.2% |
| 净利润同比 | 14.2% | -35013.0% |
| 每股收益（稀释后） | $0.53 | $-1.01 |
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AEOUAA
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.7B | $1.3B |
净利润AEOUAA
| Q4 25 | $91.3M | $-430.8M | ||
| Q3 25 | $77.6M | $-18.8M | ||
| Q2 25 | $-64.9M | $-2.6M | ||
| Q1 25 | — | $-67.5M | ||
| Q4 24 | $80.0M | $1.2M | ||
| Q3 24 | $77.3M | $170.4M | ||
| Q2 24 | $67.8M | $-305.4M | ||
| Q1 24 | $6.3M | $6.6M |
毛利率AEOUAA
| Q4 25 | 40.5% | 44.4% | ||
| Q3 25 | 38.9% | 47.3% | ||
| Q2 25 | 29.6% | 48.2% | ||
| Q1 25 | — | 46.7% | ||
| Q4 24 | 40.9% | 47.5% | ||
| Q3 24 | 38.6% | 49.8% | ||
| Q2 24 | 40.6% | 47.5% | ||
| Q1 24 | 36.6% | 45.0% |
营业利润率AEOUAA
| Q4 25 | 8.3% | -11.3% | ||
| Q3 25 | 8.0% | 1.3% | ||
| Q2 25 | -7.8% | 0.3% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | 8.2% | 1.0% | ||
| Q3 24 | 7.8% | 12.4% | ||
| Q2 24 | 6.8% | -25.3% | ||
| Q1 24 | 0.6% | -0.3% |
净利率AEOUAA
| Q4 25 | 6.7% | -32.4% | ||
| Q3 25 | 6.0% | -1.4% | ||
| Q2 25 | -6.0% | -0.2% | ||
| Q1 25 | — | -5.7% | ||
| Q4 24 | 6.2% | 0.1% | ||
| Q3 24 | 6.0% | 12.2% | ||
| Q2 24 | 5.9% | -25.8% | ||
| Q1 24 | 0.4% | 0.5% |
每股收益（稀释后）AEOUAA
| Q4 25 | $0.53 | $-1.01 | ||
| Q3 25 | $0.45 | $-0.04 | ||
| Q2 25 | $-0.36 | $-0.01 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | $0.41 | $0.00 | ||
| Q3 24 | $0.39 | $0.39 | ||
| Q2 24 | $0.34 | $-0.70 | ||
| Q1 24 | $0.03 | $0.02 |
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 | $464.6M |
| 总债务越低越好 | — | $989.7M |
| 股东权益账面价值 | $1.6B | $1.4B |
| 总资产 | $4.2B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资AEOUAA
| Q4 25 | $112.8M | $464.6M | ||
| Q3 25 | $126.8M | $396.0M | ||
| Q2 25 | $87.9M | $911.0M | ||
| Q1 25 | — | $501.4M | ||
| Q4 24 | $160.2M | $726.9M | ||
| Q3 24 | $191.8M | $530.7M | ||
| Q2 24 | $300.5M | $884.6M | ||
| Q1 24 | $454.1M | $858.7M |
总债务AEOUAA
| Q4 25 | — | $989.7M | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $989.2M | ||
| Q1 25 | — | $595.1M | ||
| Q4 24 | $0 | $595.2M | ||
| Q3 24 | $0 | $594.6M | ||
| Q2 24 | $0 | $595.4M | ||
| Q1 24 | $0 | $675.8M |
股东权益AEOUAA
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | $1.7B | $2.0B | ||
| Q3 24 | $1.7B | $2.0B | ||
| Q2 24 | $1.8B | $1.8B | ||
| Q1 24 | $1.7B | $2.2B |
总资产AEOUAA
| Q4 25 | $4.2B | $4.6B | ||
| Q3 25 | $4.1B | $4.9B | ||
| Q2 25 | $3.8B | $4.9B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $3.7B | $4.6B | ||
| Q3 24 | $3.5B | $4.5B | ||
| Q2 24 | $3.6B | $4.9B | ||
| Q1 24 | $3.6B | $4.8B |
负债/权益比AEOUAA
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.64× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | 0.00× | 0.30× | ||
| Q3 24 | 0.00× | 0.30× | ||
| Q2 24 | 0.00× | 0.33× | ||
| Q1 24 | 0.00× | 0.31× |
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 | $278.1M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $261.9M |
| 自由现金流率自由现金流/营收 | -0.2% | 19.7% |
| 资本支出强度资本支出/营收 | 5.1% | 1.2% |
| 现金转化率经营现金流/净利润 | 0.74× | — |
| 过去12个月自由现金流最近4个季度 | $-169.8M | $-45.9M |
8季度趋势，按日历期对齐
经营现金流AEOUAA
| Q4 25 | $67.1M | $278.1M | ||
| Q3 25 | $27.8M | $-69.8M | ||
| Q2 25 | $-54.7M | $48.9M | ||
| Q1 25 | — | $-202.2M | ||
| Q4 24 | $52.9M | $311.3M | ||
| Q3 24 | $78.3M | $-321.4M | ||
| Q2 24 | $-38.1M | $153.0M | ||
| Q1 24 | $296.4M | $-122.9M |
自由现金流AEOUAA
| Q4 25 | $-2.5M | $261.9M | ||
| Q3 25 | $-43.1M | $-90.3M | ||
| Q2 25 | $-116.3M | $13.5M | ||
| Q1 25 | — | $-231.0M | ||
| Q4 24 | $-7.8M | $262.9M | ||
| Q3 24 | $17.5M | $-367.2M | ||
| Q2 24 | $-74.3M | $107.3M | ||
| Q1 24 | $256.8M | $-156.7M |
自由现金流率AEOUAA
| Q4 25 | -0.2% | 19.7% | ||
| Q3 25 | -3.4% | -6.8% | ||
| Q2 25 | -10.7% | 1.2% | ||
| Q1 25 | — | -19.6% | ||
| Q4 24 | -0.6% | 18.8% | ||
| Q3 24 | 1.4% | -26.2% | ||
| Q2 24 | -6.5% | 9.1% | ||
| Q1 24 | 15.3% | -11.8% |
资本支出强度AEOUAA
| Q4 25 | 5.1% | 1.2% | ||
| Q3 25 | 5.5% | 1.5% | ||
| Q2 25 | 5.7% | 3.1% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | 4.7% | 3.5% | ||
| Q3 24 | 4.7% | 3.3% | ||
| Q2 24 | 3.2% | 3.9% | ||
| Q1 24 | 2.4% | 2.5% |
现金转化率AEOUAA
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.66× | 252.26× | ||
| Q3 24 | 1.01× | -1.89× | ||
| Q2 24 | -0.56× | — | ||
| Q1 24 | 46.93× | -18.71× |
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% |
UAA
| Apparel | $934.0M | 70% |
| Footwear | $265.1M | 20% |
| Accessories | $107.7M | 8% |
| License | $27.2M | 2% |
