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亚玛芬体育（AS）与G III APPAREL GROUP LTD（GIII）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G III APPAREL GROUP LTD的1.1倍（$1.1B vs $988.6M）。G III APPAREL GROUP LTD净利率更高（8.2% vs 1.8%，领先6.3%）。亚玛芬体育自由现金流更多（$92.2M vs $-106.4M）
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。
GIII服装集团是一家国际时尚企业，设计、生产及销售服装、鞋履、配饰等产品，拥有多个知名自有及授权品牌，覆盖休闲、运动、轻奢等多个品类，主要销往北美、欧洲等全球市场，合作客户包括百货商场、专业零售商及电商平台。
AS vs GIII — 直观对比
营收规模更大
AS
是对方的1.1倍
$988.6M
净利率更高
GIII
高出6.3%
1.8%
自由现金流更多
AS
多$198.6M
$-106.4M
损益表 — Q1 2024 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $988.6M |
| 净利润 | $19.0M | $80.6M |
| 毛利率 | 52.8% | 38.6% |
| 营业利润率 | 12.4% | 11.4% |
| 净利率 | 1.8% | 8.2% |
| 营收同比 | — | -9.0% |
| 净利润同比 | — | -29.8% |
| 每股收益（稀释后） | $0.05 | $1.84 |
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ASGIII
| Q4 25 | — | $988.6M | ||
| Q3 25 | — | $613.3M | ||
| Q2 25 | — | $583.6M | ||
| Q1 25 | — | $839.5M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $644.8M | ||
| Q2 24 | — | $609.7M | ||
| Q1 24 | $1.1B | $764.8M |
净利润ASGIII
| Q4 25 | — | $80.6M | ||
| Q3 25 | — | $10.9M | ||
| Q2 25 | — | $7.8M | ||
| Q1 25 | — | $48.8M | ||
| Q4 24 | — | $114.8M | ||
| Q3 24 | — | $24.2M | ||
| Q2 24 | — | $5.8M | ||
| Q1 24 | $19.0M | $28.9M |
毛利率ASGIII
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 40.8% | ||
| Q2 25 | — | 42.2% | ||
| Q1 25 | — | 39.5% | ||
| Q4 24 | — | 39.8% | ||
| Q3 24 | — | 42.8% | ||
| Q2 24 | — | 42.5% | ||
| Q1 24 | 52.8% | 36.9% |
营业利润率ASGIII
| Q4 25 | — | 11.4% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | 12.4% | 6.1% |
净利率ASGIII
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | 1.8% | 3.8% |
每股收益（稀释后）ASGIII
| Q4 25 | — | $1.84 | ||
| Q3 25 | — | $0.25 | ||
| Q2 25 | — | $0.17 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | — | $2.55 | ||
| Q3 24 | — | $0.53 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | $0.05 | $0.59 |
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 | — | $184.1M |
| 总债务越低越好 | — | $6.5M |
| 股东权益账面价值 | — | $1.8B |
| 总资产 | — | $2.8B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ASGIII
| Q4 25 | — | $184.1M | ||
| Q3 25 | — | $301.8M | ||
| Q2 25 | — | $257.8M | ||
| Q1 25 | — | $181.4M | ||
| Q4 24 | — | $104.7M | ||
| Q3 24 | — | $414.8M | ||
| Q2 24 | — | $508.4M | ||
| Q1 24 | — | $507.8M |
总债务ASGIII
| Q4 25 | — | $6.5M | ||
| Q3 25 | — | $6.9M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | — | $213.9M | ||
| Q3 24 | — | $402.5M | ||
| Q2 24 | — | $402.7M | ||
| Q1 24 | — | $402.8M |
股东权益ASGIII
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.6B |
总资产ASGIII
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $2.7B |
负债/权益比ASGIII
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.26× | ||
| Q1 24 | — | 0.26× |
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 | $-97.3M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | $-106.4M |
| 自由现金流率自由现金流/营收 | 8.8% | -10.8% |
| 资本支出强度资本支出/营收 | 2.1% | 0.9% |
| 现金转化率经营现金流/净利润 | 6.02× | -1.21× |
| 过去12个月自由现金流最近4个季度 | — | $367.7M |
8季度趋势，按日历期对齐
经营现金流ASGIII
| Q4 25 | — | $-97.3M | ||
| Q3 25 | — | $75.1M | ||
| Q2 25 | — | $93.8M | ||
| Q1 25 | — | $333.4M | ||
| Q4 24 | — | $-111.8M | ||
| Q3 24 | — | $49.3M | ||
| Q2 24 | — | $45.5M | ||
| Q1 24 | $114.3M | $361.3M |
自由现金流ASGIII
| Q4 25 | — | $-106.4M | ||
| Q3 25 | — | $64.7M | ||
| Q2 25 | — | $85.7M | ||
| Q1 25 | — | $323.7M | ||
| Q4 24 | — | $-120.3M | ||
| Q3 24 | — | $38.8M | ||
| Q2 24 | — | $32.8M | ||
| Q1 24 | $92.2M | $352.3M |
自由现金流率ASGIII
| Q4 25 | — | -10.8% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 38.6% | ||
| Q4 24 | — | -11.1% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 5.4% | ||
| Q1 24 | 8.8% | 46.1% |
资本支出强度ASGIII
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | 2.1% | 1.2% |
现金转化率ASGIII
| Q4 25 | — | -1.21× | ||
| Q3 25 | — | 6.86× | ||
| Q2 25 | — | 12.09× | ||
| Q1 25 | — | 6.83× | ||
| Q4 24 | — | -0.97× | ||
| Q3 24 | — | 2.04× | ||
| Q2 24 | — | 7.84× | ||
| Q1 24 | 6.02× | 12.52× |
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% |
GIII
| Proprietary Brands | $498.1M | 50% |
| Licensed Brands | $479.2M | 48% |
| Retail Segment | $45.7M | 5% |
