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American Outdoor Brands, Inc.（AOUT）与微宏控股（MVST）财务数据对比。点击上方公司名可切换其他公司
微宏控股的季度营收约是American Outdoor Brands, Inc.的1.7倍（$96.4M vs $57.2M），微宏控股净利率更高（17.2% vs 3.6%，领先13.5%），American Outdoor Brands, Inc.同比增速更快（-5.0% vs -15.0%），微宏控股自由现金流更多（$15.8M vs $-14.1M），过去两年微宏控股的营收复合增速更高（8.9% 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。
微宏控股是一家电池科技企业，总部位于美国得克萨斯州斯塔福德，在纳斯达克上市。公司主要面向商用电动汽车与并网储能系统，设计、研发并生产电池组件及电池系统，目前在美国、中国、德国均设有生产基地。
AOUT vs MVST — 直观对比
营收规模更大
MVST
是对方的1.7倍
$57.2M
营收增速更快
AOUT
高出9.9%
-15.0%
净利率更高
MVST
高出13.5%
3.6%
自由现金流更多
MVST
多$29.9M
$-14.1M
两年增速更快
MVST
近两年复合增速
3.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $57.2M | $96.4M |
| 净利润 | $2.1M | $16.5M |
| 毛利率 | 45.6% | 1.0% |
| 营业利润率 | 3.7% | -42.7% |
| 净利率 | 3.6% | 17.2% |
| 营收同比 | -5.0% | -15.0% |
| 净利润同比 | -33.3% | 120.1% |
| 每股收益（稀释后） | $0.16 | $0.19 |
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AOUTMVST
| Q4 25 | $57.2M | $96.4M | ||
| Q3 25 | $29.7M | $123.3M | ||
| Q2 25 | $61.9M | $91.3M | ||
| Q1 25 | $58.5M | $116.5M | ||
| Q4 24 | $60.2M | $113.4M | ||
| Q3 24 | $41.6M | $101.4M | ||
| Q2 24 | $46.3M | $83.7M | ||
| Q1 24 | $53.4M | $81.4M |
净利润AOUTMVST
| Q4 25 | $2.1M | $16.5M | ||
| Q3 25 | $-6.8M | $-1.5M | ||
| Q2 25 | $-992.0K | $-106.1M | ||
| Q1 25 | $169.0K | $61.8M | ||
| Q4 24 | $3.1M | $-82.3M | ||
| Q3 24 | $-2.4M | $13.2M | ||
| Q2 24 | $-5.3M | $-101.6M | ||
| Q1 24 | $-2.9M | $-24.8M |
毛利率AOUTMVST
| Q4 25 | 45.6% | 1.0% | ||
| Q3 25 | 46.7% | 37.6% | ||
| Q2 25 | 40.9% | 34.7% | ||
| Q1 25 | 44.7% | 36.9% | ||
| Q4 24 | 48.0% | 36.6% | ||
| Q3 24 | 45.4% | 33.2% | ||
| Q2 24 | 41.9% | 32.5% | ||
| Q1 24 | 42.7% | 21.2% |
营业利润率AOUTMVST
| Q4 25 | 3.7% | -42.7% | ||
| Q3 25 | -23.0% | 10.5% | ||
| Q2 25 | -1.5% | 17.8% | ||
| Q1 25 | 0.5% | 16.3% | ||
| Q4 24 | 5.1% | -1.2% | ||
| Q3 24 | -6.2% | 7.1% | ||
| Q2 24 | -11.9% | -118.0% | ||
| Q1 24 | -5.4% | -28.4% |
净利率AOUTMVST
| Q4 25 | 3.6% | 17.2% | ||
| Q3 25 | -23.0% | -1.2% | ||
| Q2 25 | -1.6% | -116.1% | ||
| Q1 25 | 0.3% | 53.0% | ||
| Q4 24 | 5.2% | -72.6% | ||
| Q3 24 | -5.7% | 13.1% | ||
| Q2 24 | -11.5% | -121.4% | ||
| Q1 24 | -5.4% | -30.5% |
每股收益（稀释后）AOUTMVST
| Q4 25 | $0.16 | $0.19 | ||
| Q3 25 | $-0.54 | $0.00 | ||
| Q2 25 | $-0.08 | $-0.33 | ||
| Q1 25 | $0.01 | $0.05 | ||
| Q4 24 | $0.24 | $-0.24 | ||
| Q3 24 | $-0.18 | $0.03 | ||
| Q2 24 | $-0.41 | $-0.32 | ||
| Q1 24 | $-0.23 | $-0.08 |
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 | $3.1M | $105.0M |
| 总债务越低越好 | — | $13.2M |
| 股东权益账面价值 | $170.4M | $410.5M |
| 总资产 | $240.9M | $1.0B |
| 负债/权益比越低杠杆越低 | — | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资AOUTMVST
| Q4 25 | $3.1M | $105.0M | ||
| Q3 25 | $17.8M | $90.7M | ||
| Q2 25 | $23.4M | $99.7M | ||
| Q1 25 | $17.1M | $90.9M | ||
| Q4 24 | $14.2M | $73.0M | ||
| Q3 24 | $23.5M | $63.6M | ||
| Q2 24 | $29.7M | $68.2M | ||
| Q1 24 | $15.9M | $39.5M |
总债务AOUTMVST
| Q4 25 | — | $13.2M | ||
| Q3 25 | — | $34.4M | ||
| Q2 25 | — | $34.2M | ||
| Q1 25 | — | $41.3M | ||
| Q4 24 | — | $41.1M | ||
| Q3 24 | — | $53.4M | ||
| Q2 24 | — | $34.2M | ||
| Q1 24 | — | $43.0M |
股东权益AOUTMVST
| Q4 25 | $170.4M | $410.5M | ||
| Q3 25 | $167.8M | $358.1M | ||
| Q2 25 | $177.6M | $356.1M | ||
| Q1 25 | $178.7M | $454.2M | ||
| Q4 24 | $178.9M | $387.9M | ||
| Q3 24 | $175.7M | $486.1M | ||
| Q2 24 | $177.9M | $455.0M | ||
| Q1 24 | $182.4M | $546.1M |
总资产AOUTMVST
| Q4 25 | $240.9M | $1.0B | ||
| Q3 25 | $241.9M | $1.0B | ||
| Q2 25 | $246.4M | $1.0B | ||
| Q1 25 | $245.9M | $982.9M | ||
| Q4 24 | $254.1M | $951.9M | ||
| Q3 24 | $244.8M | $997.9M | ||
| Q2 24 | $240.6M | $961.4M | ||
| Q1 24 | $239.1M | $1.0B |
负债/权益比AOUTMVST
| Q4 25 | — | 0.03× | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.11× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.08× |
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 | $-13.3M | $16.4M |
| 自由现金流经营现金流 - 资本支出 | $-14.1M | $15.8M |
| 自由现金流率自由现金流/营收 | -24.6% | 16.4% |
| 资本支出强度资本支出/营收 | 1.3% | 0.7% |
| 现金转化率经营现金流/净利润 | -6.41× | 0.99× |
| 过去12个月自由现金流最近4个季度 | $-4.7M | $56.1M |
8季度趋势，按日历期对齐
经营现金流AOUTMVST
| Q4 25 | $-13.3M | $16.4M | ||
| Q3 25 | $-1.7M | $15.2M | ||
| Q2 25 | $7.8M | $37.2M | ||
| Q1 25 | $5.9M | $7.2M | ||
| Q4 24 | $-7.9M | $6.1M | ||
| Q3 24 | $-4.4M | $-5.4M | ||
| Q2 24 | $14.7M | $111.0K | ||
| Q1 24 | $13.0M | $2.0M |
自由现金流AOUTMVST
| Q4 25 | $-14.1M | $15.8M | ||
| Q3 25 | $-2.0M | $1.2M | ||
| Q2 25 | $7.2M | $34.3M | ||
| Q1 25 | $4.2M | $4.8M | ||
| Q4 24 | $-8.0M | $5.7M | ||
| Q3 24 | $-5.2M | $-19.6M | ||
| Q2 24 | $14.2M | $-2.8M | ||
| Q1 24 | $9.7M | $-8.2M |
自由现金流率AOUTMVST
| Q4 25 | -24.6% | 16.4% | ||
| Q3 25 | -6.7% | 1.0% | ||
| Q2 25 | 11.6% | 37.5% | ||
| Q1 25 | 7.2% | 4.1% | ||
| Q4 24 | -13.3% | 5.1% | ||
| Q3 24 | -12.5% | -19.3% | ||
| Q2 24 | 30.6% | -3.4% | ||
| Q1 24 | 18.2% | -10.1% |
资本支出强度AOUTMVST
| Q4 25 | 1.3% | 0.7% | ||
| Q3 25 | 1.0% | 11.3% | ||
| Q2 25 | 0.9% | 3.1% | ||
| Q1 25 | 2.9% | 2.0% | ||
| Q4 24 | 0.1% | 0.3% | ||
| Q3 24 | 2.0% | 14.0% | ||
| Q2 24 | 1.1% | 3.5% | ||
| Q1 24 | 6.2% | 12.6% |
现金转化率AOUTMVST
| Q4 25 | -6.41× | 0.99× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 34.86× | 0.12× | ||
| Q4 24 | -2.55× | — | ||
| Q3 24 | — | -0.41× | ||
| 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
AOUT
| Traditional Channels Net Sales | $36.8M | 64% |
| E Commerce Channels Net Sales | $20.4M | 36% |
MVST
| Europe | $35.1M | 36% |
| CN | $32.5M | 34% |
| US | $21.5M | 22% |
| Other | $7.2M | 8% |
