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亚玛芬体育（AS）与Ralliant Corp（RAL）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Ralliant Corp的2.0倍（$1.1B vs $529.1M），Ralliant Corp净利率更高（7.5% vs 1.8%，领先5.7%），Ralliant Corp自由现金流更多（$126.6M 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。
AS vs RAL — 直观对比
营收规模更大
AS
是对方的2.0倍
$529.1M
净利率更高
RAL
高出5.7%
1.8%
自由现金流更多
RAL
多$34.4M
$92.2M
损益表 — Q1 FY2024 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $529.1M |
| 净利润 | $19.0M | $39.9M |
| 毛利率 | 52.8% | 50.8% |
| 营业利润率 | 12.4% | 9.8% |
| 净利率 | 1.8% | 7.5% |
| 营收同比 | — | -0.5% |
| 净利润同比 | — | -56.1% |
| 每股收益（稀释后） | $0.05 | $0.35 |
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ASRAL
| Q3 25 | — | $529.1M | ||
| Q2 25 | — | $503.3M | ||
| Q3 24 | — | $531.7M | ||
| Q2 24 | — | $533.7M | ||
| Q1 24 | $1.1B | — | ||
| Q4 23 | $1.3B | — |
净利润ASRAL
| Q3 25 | — | $39.9M | ||
| Q2 25 | — | $47.6M | ||
| Q3 24 | — | $90.9M | ||
| Q2 24 | — | $64.8M | ||
| Q1 24 | $19.0M | — | ||
| Q4 23 | $-95.0M | — |
毛利率ASRAL
| Q3 25 | — | 50.8% | ||
| Q2 25 | — | 49.3% | ||
| Q3 24 | — | 52.6% | ||
| Q2 24 | — | 51.5% | ||
| Q1 24 | 52.8% | — | ||
| Q4 23 | 51.9% | — |
营业利润率ASRAL
| Q3 25 | — | 9.8% | ||
| Q2 25 | — | 11.7% | ||
| Q3 24 | — | 20.9% | ||
| Q2 24 | — | 19.7% | ||
| Q1 24 | 12.4% | — | ||
| Q4 23 | — | — |
净利率ASRAL
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | 9.5% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 12.1% | ||
| Q1 24 | 1.8% | — | ||
| Q4 23 | -7.2% | — |
每股收益（稀释后）ASRAL
| Q3 25 | — | $0.35 | ||
| Q2 25 | — | $0.42 | ||
| Q3 24 | — | $0.81 | ||
| Q2 24 | — | $0.57 | ||
| Q1 24 | $0.05 | — | ||
| Q4 23 | $-0.11 | — |
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 | — | $264.2M |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | — | $3.0B |
| 总资产 | — | $5.3B |
| 负债/权益比越低杠杆越低 | — | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资ASRAL
| Q3 25 | — | $264.2M | ||
| Q2 25 | — | $198.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | $483.4M | — |
总债务ASRAL
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | $6.3B | — |
股东权益ASRAL
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.0B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | — | ||
| Q4 23 | $-156.8M | — |
总资产ASRAL
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | $8.4B | — |
负债/权益比ASRAL
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.38× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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 | $138.6M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | $126.6M |
| 自由现金流率自由现金流/营收 | 8.8% | 23.9% |
| 资本支出强度资本支出/营收 | 2.1% | 2.3% |
| 现金转化率经营现金流/净利润 | 6.02× | 3.47× |
| 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ASRAL
| Q3 25 | — | $138.6M | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $114.3M | — | ||
| Q4 23 | $199.0M | — |
自由现金流ASRAL
| Q3 25 | — | $126.6M | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $92.2M | — | ||
| Q4 23 | $75.4M | — |
自由现金流率ASRAL
| Q3 25 | — | 23.9% | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.8% | — | ||
| Q4 23 | 5.7% | — |
资本支出强度ASRAL
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 2.1% | — | ||
| Q4 23 | 9.4% | — |
现金转化率ASRAL
| Q3 25 | — | 3.47× | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
