vs
亚玛芬体育（AS）与伊萨（ESAB）财务数据对比。点击上方公司名可切换其他公司
亚玛芬体育的季度营收约是伊萨的1.4倍（$1.1B vs $745.6M），伊萨净利率更高（6.6% vs 1.8%，领先4.8%）
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。
ESAB（全称Elektriska Svetsnings-Aktiebolaget）是一家美国与瑞典合资的跨国工业企业，主营焊接、切割设备及配套耗材的研发、生产与销售，为全球制造业、基建等多领域客户提供专业可靠的工业解决方案，在全球工业市场拥有较高知名度。
AS vs ESAB — 直观对比
营收规模更大
AS
是对方的1.4倍
$745.6M
净利率更高
ESAB
高出4.8%
1.8%
损益表 — Q1 FY2024 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $745.6M |
| 净利润 | $19.0M | $49.2M |
| 毛利率 | 52.8% | 36.9% |
| 营业利润率 | 12.4% | 12.1% |
| 净利率 | 1.8% | 6.6% |
| 营收同比 | — | 9.9% |
| 净利润同比 | — | -29.3% |
| 每股收益（稀释后） | $0.05 | $0.78 |
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ASESAB
| Q1 26 | — | $745.6M | ||
| Q4 25 | — | $727.8M | ||
| Q3 25 | — | $715.6M | ||
| Q2 25 | — | $678.1M | ||
| Q4 24 | — | $670.8M | ||
| Q3 24 | — | $673.3M | ||
| Q2 24 | — | $707.1M | ||
| Q1 24 | $1.1B | $689.7M |
净利润ASESAB
| Q1 26 | — | $49.2M | ||
| Q4 25 | — | $54.8M | ||
| Q3 25 | — | $66.9M | ||
| Q2 25 | — | $67.4M | ||
| Q4 24 | — | $53.7M | ||
| Q3 24 | — | $68.2M | ||
| Q2 24 | — | $82.9M | ||
| Q1 24 | $19.0M | $60.0M |
毛利率ASESAB
| Q1 26 | — | 36.9% | ||
| Q4 25 | — | 37.0% | ||
| Q3 25 | — | 37.2% | ||
| Q2 25 | — | 37.6% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 37.7% | ||
| Q2 24 | — | 38.2% | ||
| Q1 24 | 52.8% | 37.0% |
营业利润率ASESAB
| Q1 26 | — | 12.1% | ||
| Q4 25 | — | 14.6% | ||
| Q3 25 | — | 15.2% | ||
| Q2 25 | — | 16.2% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 15.7% | ||
| Q2 24 | — | 16.9% | ||
| Q1 24 | 12.4% | 16.0% |
净利率ASESAB
| Q1 26 | — | 6.6% | ||
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 9.9% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 11.7% | ||
| Q1 24 | 1.8% | 8.7% |
每股收益（稀释后）ASESAB
| Q1 26 | — | $0.78 | ||
| Q4 25 | — | $0.90 | ||
| Q3 25 | — | $1.09 | ||
| Q2 25 | — | $1.10 | ||
| Q4 24 | — | $0.87 | ||
| Q3 24 | — | $1.11 | ||
| Q2 24 | — | $1.35 | ||
| Q1 24 | $0.05 | $0.98 |
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 | — | $1.0B |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | — | $2.2B |
| 总资产 | — | $5.6B |
| 负债/权益比越低杠杆越低 | — | 0.91× |
8季度趋势，按日历期对齐
现金及短期投资ASESAB
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $218.2M | ||
| Q3 25 | — | $258.2M | ||
| Q2 25 | — | $291.3M | ||
| Q4 24 | — | $249.4M | ||
| Q3 24 | — | $253.7M | ||
| Q2 24 | — | $228.5M | ||
| Q1 24 | — | $76.5M |
总债务ASESAB
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $992.8M |
股东权益ASESAB
| Q1 26 | — | $2.2B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.6B |
总资产ASESAB
| Q1 26 | — | $5.6B | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.2B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | $3.8B |
负债/权益比ASESAB
| Q1 26 | — | 0.91× | ||
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.55× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.61× |
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 | $46.9M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | — |
| 自由现金流率自由现金流/营收 | 8.8% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | 6.02× | 0.95× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ASESAB
| Q1 26 | — | $46.9M | ||
| Q4 25 | — | $81.5M | ||
| Q3 25 | — | $46.6M | ||
| Q2 25 | — | $35.4M | ||
| Q4 24 | — | $126.9M | ||
| Q3 24 | — | $101.0M | ||
| Q2 24 | — | $83.0M | ||
| Q1 24 | $114.3M | $44.5M |
自由现金流ASESAB
| Q1 26 | — | — | ||
| Q4 25 | — | $70.3M | ||
| Q3 25 | — | $37.4M | ||
| Q2 25 | — | $28.1M | ||
| Q4 24 | — | $102.2M | ||
| Q3 24 | — | $90.4M | ||
| Q2 24 | — | $74.0M | ||
| Q1 24 | $92.2M | $37.1M |
自由现金流率ASESAB
| Q1 26 | — | — | ||
| Q4 25 | — | 9.7% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 4.1% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | 13.4% | ||
| Q2 24 | — | 10.5% | ||
| Q1 24 | 8.8% | 5.4% |
资本支出强度ASESAB
| Q1 26 | — | — | ||
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | 2.1% | 1.1% |
现金转化率ASESAB
| Q1 26 | — | 0.95× | ||
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.53× | ||
| Q4 24 | — | 2.36× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | 6.02× | 0.74× |
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% |
ESAB
暂无分部数据
