vs
亚玛芬体育（AS）与因美纳（ILMN）财务数据对比。点击上方公司名可切换其他公司
因美纳的季度营收约是亚玛芬体育的1.0倍（$1.1B vs $1.1B），因美纳净利率更高（12.3% vs 1.8%，领先10.5%），因美纳自由现金流更多（$251.0M vs $92.2M）
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。
因美纳是总部位于美国加利福尼亚州圣迭戈的生物技术企业，成立于1998年4月，专注研发、生产及销售用于分析基因变异与生物功能的集成系统，产品及服务覆盖测序、基因分型、基因表达、蛋白质组学等领域，业务遍及全球超155个国家和地区。
AS vs ILMN — 直观对比
营收规模更大
ILMN
是对方的1.0倍
$1.1B
净利率更高
ILMN
高出10.5%
1.8%
自由现金流更多
ILMN
多$158.8M
$92.2M
损益表 — Q1 FY2024 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.1B |
| 净利润 | $19.0M | $134.0M |
| 毛利率 | 52.8% | 66.1% |
| 营业利润率 | 12.4% | 19.2% |
| 净利率 | 1.8% | 12.3% |
| 营收同比 | — | 4.8% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.05 | $0.87 |
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ASILMN
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $1.1B | $1.1B | ||
| Q4 23 | $1.3B | $1.1B |
净利润ASILMN
| Q1 26 | — | $134.0M | ||
| Q4 25 | — | $334.0M | ||
| Q4 24 | — | $186.0M | ||
| Q3 24 | — | $705.0M | ||
| Q2 24 | — | $-2.0B | ||
| Q1 24 | $19.0M | $-126.0M | ||
| Q4 23 | $-95.0M | $-754.0M |
毛利率ASILMN
| Q1 26 | — | 66.1% | ||
| Q4 25 | — | 65.5% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 69.0% | ||
| Q2 24 | — | 64.8% | ||
| Q1 24 | 52.8% | 62.0% | ||
| Q4 23 | 51.9% | 61.1% |
营业利润率ASILMN
| Q1 26 | — | 19.2% | ||
| Q4 25 | — | 17.4% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 68.6% | ||
| Q2 24 | — | -147.2% | ||
| Q1 24 | 12.4% | -10.3% | ||
| Q4 23 | — | -67.4% |
净利率ASILMN
| Q1 26 | — | 12.3% | ||
| Q4 25 | — | 28.8% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | — | 65.3% | ||
| Q2 24 | — | -178.8% | ||
| Q1 24 | 1.8% | -11.7% | ||
| Q4 23 | -7.2% | -67.4% |
每股收益（稀释后）ASILMN
| Q1 26 | — | $0.87 | ||
| Q4 25 | — | $2.16 | ||
| Q4 24 | — | $1.16 | ||
| Q3 24 | — | $4.42 | ||
| Q2 24 | — | $-12.48 | ||
| Q1 24 | $0.05 | $-0.79 | ||
| Q4 23 | $-0.11 | $-4.77 |
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 | — | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $2.7B |
| 总资产 | — | $6.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ASILMN
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.6B | ||
| Q4 24 | — | $93.0M | ||
| Q3 24 | — | $70.0M | ||
| Q2 24 | — | $74.0M | ||
| Q1 24 | — | — | ||
| Q4 23 | $483.4M | $6.0M |
总债务ASILMN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | $6.3B | — |
股东权益ASILMN
| Q1 26 | — | $2.7B | ||
| Q4 25 | — | $2.7B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $5.7B | ||
| Q4 23 | $-156.8M | $5.9B |
总资产ASILMN
| Q1 26 | — | $6.6B | ||
| Q4 25 | — | $6.6B | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $10.0B | ||
| Q4 23 | $8.4B | $10.1B |
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 | $289.0M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | $251.0M |
| 自由现金流率自由现金流/营收 | 8.8% | 23.0% |
| 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× | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流ASILMN
| Q1 26 | — | $289.0M | ||
| Q4 25 | — | $321.0M | ||
| Q4 24 | — | $364.0M | ||
| Q3 24 | — | $316.0M | ||
| Q2 24 | — | $80.0M | ||
| Q1 24 | $114.3M | $77.0M | ||
| Q4 23 | $199.0M | $139.0M |
自由现金流ASILMN
| Q1 26 | — | $251.0M | ||
| Q4 25 | — | $267.0M | ||
| Q4 24 | — | $335.0M | ||
| Q3 24 | — | $284.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | $92.2M | $41.0M | ||
| Q4 23 | $75.4M | $94.0M |
自由现金流率ASILMN
| Q1 26 | — | 23.0% | ||
| Q4 25 | — | 23.0% | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | — | 26.3% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | 8.8% | 3.8% | ||
| Q4 23 | 5.7% | 8.4% |
资本支出强度ASILMN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | 2.1% | 3.3% | ||
| Q4 23 | 9.4% | 4.0% |
现金转化率ASILMN
| Q1 26 | — | 2.16× | ||
| Q4 25 | — | 0.96× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | — | 0.45× | ||
| Q2 24 | — | — | ||
| Q1 24 | 6.02× | — | ||
| Q4 23 | — | — |
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% |
ILMN
| Product revenue | $917.0M | 84% |
| Service and other revenue | $174.0M | 16% |
