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亚玛芬体育（AS）与Pure Storage, Inc.（PSTG）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Pure Storage, Inc.的1.1倍（$1.1B vs $964.5M），Pure Storage, Inc.净利率更高（5.7% vs 1.8%，领先3.9%），亚玛芬体育自由现金流更多（$92.2M vs $52.6M）
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。
Pure Storage是美国上市科技企业，总部位于加利福尼亚州圣克拉拉，成立于2009年，2011年正式推出自研全闪存数据存储软硬件产品，2015年上市前累计获得超4.7亿美元风险投资，营收长期保持高速增长态势。
AS vs PSTG — 直观对比
营收规模更大
AS
是对方的1.1倍
$964.5M
净利率更高
PSTG
高出3.9%
1.8%
自由现金流更多
AS
多$39.6M
$52.6M
损益表 — Q1 FY2024 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $964.5M |
| 净利润 | $19.0M | $54.8M |
| 毛利率 | 52.8% | 72.3% |
| 营业利润率 | 12.4% | 5.6% |
| 净利率 | 1.8% | 5.7% |
| 营收同比 | — | 16.0% |
| 净利润同比 | — | -13.9% |
| 每股收益（稀释后） | $0.05 | $0.16 |
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ASPSTG
| Q4 25 | — | $964.5M | ||
| Q3 25 | — | $861.0M | ||
| Q2 25 | — | $778.5M | ||
| Q1 25 | — | $879.8M | ||
| Q4 24 | — | $831.1M | ||
| Q3 24 | — | $763.8M | ||
| Q2 24 | — | $693.5M | ||
| Q1 24 | $1.1B | $789.8M |
净利润ASPSTG
| Q4 25 | — | $54.8M | ||
| Q3 25 | — | $47.1M | ||
| Q2 25 | — | $-14.0M | ||
| Q1 25 | — | $42.4M | ||
| Q4 24 | — | $63.6M | ||
| Q3 24 | — | $35.7M | ||
| Q2 24 | — | $-35.0M | ||
| Q1 24 | $19.0M | $65.4M |
毛利率ASPSTG
| Q4 25 | — | 72.3% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 68.9% | ||
| Q1 25 | — | 67.5% | ||
| Q4 24 | — | 70.1% | ||
| Q3 24 | — | 70.7% | ||
| Q2 24 | — | 71.5% | ||
| Q1 24 | 52.8% | 72.0% |
营业利润率ASPSTG
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | -4.0% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | -6.0% | ||
| Q1 24 | 12.4% | 7.3% |
净利率ASPSTG
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | — | -1.8% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | -5.0% | ||
| Q1 24 | 1.8% | 8.3% |
每股收益（稀释后）ASPSTG
| Q4 25 | — | $0.16 | ||
| Q3 25 | — | $0.14 | ||
| Q2 25 | — | $-0.04 | ||
| Q1 25 | — | $0.13 | ||
| Q4 24 | — | $0.19 | ||
| Q3 24 | — | $0.10 | ||
| Q2 24 | — | $-0.11 | ||
| Q1 24 | $0.05 | $0.22 |
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 | — | $852.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $1.4B |
| 总资产 | — | $4.2B |
| 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ASPSTG
| Q4 25 | — | $852.8M | ||
| Q3 25 | — | $887.8M | ||
| Q2 25 | — | $739.3M | ||
| Q1 25 | — | $723.6M | ||
| Q4 24 | — | $894.6M | ||
| Q3 24 | — | $965.0M | ||
| Q2 24 | — | $900.6M | ||
| Q1 24 | — | $702.5M |
股东权益ASPSTG
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.3B |
总资产ASPSTG
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $3.8B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.7B |
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 | $116.0M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | $52.6M |
| 自由现金流率自由现金流/营收 | 8.8% | 5.5% |
| 资本支出强度资本支出/营收 | 2.1% | 6.6% |
| 现金转化率经营现金流/净利润 | 6.02× | 2.12× |
| 过去12个月自由现金流最近4个季度 | — | $566.7M |
8季度趋势，按日历期对齐
经营现金流ASPSTG
| Q4 25 | — | $116.0M | ||
| Q3 25 | — | $212.2M | ||
| Q2 25 | — | $283.9M | ||
| Q1 25 | — | $208.5M | ||
| Q4 24 | — | $97.0M | ||
| Q3 24 | — | $226.6M | ||
| Q2 24 | — | $221.5M | ||
| Q1 24 | $114.3M | $244.4M |
自由现金流ASPSTG
| Q4 25 | — | $52.6M | ||
| Q3 25 | — | $150.1M | ||
| Q2 25 | — | $211.6M | ||
| Q1 25 | — | $152.4M | ||
| Q4 24 | — | $35.2M | ||
| Q3 24 | — | $166.6M | ||
| Q2 24 | — | $172.7M | ||
| Q1 24 | $92.2M | $200.9M |
自由现金流率ASPSTG
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 17.4% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 24.9% | ||
| Q1 24 | 8.8% | 25.4% |
资本支出强度ASPSTG
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 7.0% | ||
| Q1 24 | 2.1% | 5.5% |
现金转化率ASPSTG
| Q4 25 | — | 2.12× | ||
| Q3 25 | — | 4.50× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 4.91× | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | — | 6.35× | ||
| Q2 24 | — | — | ||
| Q1 24 | 6.02× | 3.74× |
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% |
PSTG
| US | $683.2M | 71% |
| Non Us | $281.3M | 29% |
