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亚玛芬体育（AS）与科慕（CC）财务数据对比。点击上方公司名可切换其他公司
科慕的季度营收约是亚玛芬体育的1.3倍（$1.3B vs $1.1B），亚玛芬体育净利率更高（1.8% vs -3.5%，领先5.3%），亚玛芬体育自由现金流更多（$92.2M vs $92.0M）
亚玛芬体育是芬兰跨国运动装备企业，总部位于赫尔辛基，成立于1950年。早年为涉足烟草贸易、航运、出版等领域的多元化工业集团，后逐步转型专注于体育用品的生产与营销，现有员工超9700人，2018年起成为中国安踏体育旗下子公司。
科慕公司是一家美国化工企业，2015年7月从杜邦分拆成立，总部位于美国特拉华州威尔明顿。公司主营产品包括具备不粘特性的知名品牌特氟龙（聚四氟乙烯PTFE）、二氧化钛以及制冷剂气体，在特种化工领域拥有深厚的技术积累。
AS vs CC — 直观对比
营收规模更大
CC
是对方的1.3倍
$1.1B
净利率更高
AS
高出5.3%
-3.5%
自由现金流更多
AS
多$200.0K
$92.0M
损益表 — Q1 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.3B |
| 净利润 | $19.0M | $-47.0M |
| 毛利率 | 52.8% | 11.7% |
| 营业利润率 | 12.4% | — |
| 净利率 | 1.8% | -3.5% |
| 营收同比 | — | -2.1% |
| 净利润同比 | — | -261.5% |
| 每股收益（稀释后） | $0.05 | $-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ASCC
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | $1.1B | $1.4B |
净利润ASCC
| Q4 25 | — | $-47.0M | ||
| Q3 25 | — | $46.0M | ||
| Q2 25 | — | $-380.0M | ||
| Q1 25 | — | $-5.0M | ||
| Q4 24 | — | $-13.0M | ||
| Q3 24 | — | $-32.0M | ||
| Q2 24 | — | $60.0M | ||
| Q1 24 | $19.0M | $54.0M |
毛利率ASCC
| Q4 25 | — | 11.7% | ||
| Q3 25 | — | 15.6% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | 19.0% | ||
| Q2 24 | — | 19.8% | ||
| Q1 24 | 52.8% | 20.9% |
营业利润率ASCC
| Q4 25 | — | — | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | -15.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | -2.1% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | 12.4% | 5.1% |
净利率ASCC
| Q4 25 | — | -3.5% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | -23.5% | ||
| Q1 25 | — | -0.4% | ||
| Q4 24 | — | -1.0% | ||
| Q3 24 | — | -2.1% | ||
| Q2 24 | — | 3.9% | ||
| Q1 24 | 1.8% | 4.0% |
每股收益（稀释后）ASCC
| Q4 25 | — | $-0.32 | ||
| Q3 25 | — | $0.31 | ||
| Q2 25 | — | $-2.53 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $-0.07 | ||
| Q3 24 | — | $-0.22 | ||
| Q2 24 | — | $0.39 | ||
| Q1 24 | $0.05 | $0.36 |
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 | — | $670.0M |
| 总债务越低越好 | — | $4.1B |
| 股东权益账面价值 | — | $250.0M |
| 总资产 | — | $7.4B |
| 负债/权益比越低杠杆越低 | — | 16.40× |
8季度趋势，按日历期对齐
现金及短期投资ASCC
| Q4 25 | — | $670.0M | ||
| Q3 25 | — | $613.0M | ||
| Q2 25 | — | $502.0M | ||
| Q1 25 | — | $464.0M | ||
| Q4 24 | — | $713.0M | ||
| Q3 24 | — | $596.0M | ||
| Q2 24 | — | $604.0M | ||
| Q1 24 | — | $746.0M |
总债务ASCC
| Q4 25 | — | $4.1B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | $4.0B |
股东权益ASCC
| Q4 25 | — | $250.0M | ||
| Q3 25 | — | $274.0M | ||
| Q2 25 | — | $228.0M | ||
| Q1 25 | — | $566.0M | ||
| Q4 24 | — | $571.0M | ||
| Q3 24 | — | $643.0M | ||
| Q2 24 | — | $714.0M | ||
| Q1 24 | — | $753.0M |
总资产ASCC
| Q4 25 | — | $7.4B | ||
| Q3 25 | — | $7.5B | ||
| Q2 25 | — | $7.5B | ||
| Q1 25 | — | $7.4B | ||
| Q4 24 | — | $7.5B | ||
| Q3 24 | — | $7.5B | ||
| Q2 24 | — | $7.2B | ||
| Q1 24 | — | $8.0B |
负债/权益比ASCC
| Q4 25 | — | 16.40× | ||
| Q3 25 | — | 14.96× | ||
| Q2 25 | — | 17.99× | ||
| Q1 25 | — | 7.18× | ||
| Q4 24 | — | 7.11× | ||
| Q3 24 | — | 6.20× | ||
| Q2 24 | — | 5.53× | ||
| Q1 24 | — | 5.27× |
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 | $114.3M | $137.0M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | $92.0M |
| 自由现金流率自由现金流/营收 | 8.8% | 6.9% |
| 资本支出强度资本支出/营收 | 2.1% | 3.4% |
| 现金转化率经营现金流/净利润 | 6.02× | — |
| 过去12个月自由现金流最近4个季度 | — | $51.0M |
8季度趋势，按日历期对齐
经营现金流ASCC
| Q4 25 | — | $137.0M | ||
| Q3 25 | — | $146.0M | ||
| Q2 25 | — | $93.0M | ||
| Q1 25 | — | $-112.0M | ||
| Q4 24 | — | $138.0M | ||
| Q3 24 | — | $139.0M | ||
| Q2 24 | — | $-620.0M | ||
| Q1 24 | $114.3M | $-290.0M |
自由现金流ASCC
| Q4 25 | — | $92.0M | ||
| Q3 25 | — | $105.0M | ||
| Q2 25 | — | $50.0M | ||
| Q1 25 | — | $-196.0M | ||
| Q4 24 | — | $29.0M | ||
| Q3 24 | — | $63.0M | ||
| Q2 24 | — | $-693.0M | ||
| Q1 24 | $92.2M | $-392.0M |
自由现金流率ASCC
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | 7.0% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | -14.3% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | -44.6% | ||
| Q1 24 | 8.8% | -28.8% |
资本支出强度ASCC
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | 2.1% | 7.5% |
现金转化率ASCC
| Q4 25 | — | — | ||
| Q3 25 | — | 3.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -10.33× | ||
| Q1 24 | 6.02× | -5.37× |
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
AS
| Americas2 | $409.6M | 39% |
| EMEA1 | $356.9M | 34% |
| Greater China3 | $205.6M | 20% |
| Asia Pacific4 | $78.2M | 7% |
CC
| Titanium Technologies | $563.0M | 42% |
| Thermal And Specialized Solutions | $443.0M | 33% |
| Advanced Performance Materials | $312.0M | 23% |
| Other Non-Reportable Segment | $12.0M | 1% |
