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亚玛芬体育（AS）与SPX Technologies, Inc.（SPXC）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SPX Technologies, Inc.的1.6倍（$1.1B vs $637.3M），SPX Technologies, Inc.净利率更高（12.2% vs 1.8%，领先10.4%），SPX Technologies, Inc.自由现金流更多（$126.7M 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。
SPX Technologies是美国头部制造企业，总部位于北卡罗来纳州夏洛特市，业务布局暖通空调、检测测量、输发电及工程解决方案四大核心领域，产品涵盖冷却塔、锅炉、地下管线定位仪、电力变压器、热交换器等，旗下拥有Waukesha、Dielectric、Genfare等多个知名品牌。
AS vs SPXC — 直观对比
营收规模更大
AS
是对方的1.6倍
$637.3M
净利率更高
SPXC
高出10.4%
1.8%
自由现金流更多
SPXC
多$34.5M
$92.2M
损益表 — Q1 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $637.3M |
| 净利润 | $19.0M | $77.9M |
| 毛利率 | 52.8% | 39.8% |
| 营业利润率 | 12.4% | 15.7% |
| 净利率 | 1.8% | 12.2% |
| 营收同比 | — | 19.4% |
| 净利润同比 | — | 36.4% |
| 每股收益（稀释后） | $0.05 | $1.56 |
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ASSPXC
| Q4 25 | — | $637.3M | ||
| Q3 25 | — | $592.8M | ||
| Q2 25 | — | $552.4M | ||
| Q1 25 | — | $482.6M | ||
| Q4 24 | — | $533.7M | ||
| Q3 24 | — | $483.7M | ||
| Q2 24 | — | $501.3M | ||
| Q1 24 | $1.1B | $465.2M |
净利润ASSPXC
| Q4 25 | — | $77.9M | ||
| Q3 25 | — | $62.7M | ||
| Q2 25 | — | $52.2M | ||
| Q1 25 | — | $51.2M | ||
| Q4 24 | — | $57.1M | ||
| Q3 24 | — | $50.2M | ||
| Q2 24 | — | $44.2M | ||
| Q1 24 | $19.0M | $49.0M |
毛利率ASSPXC
| Q4 25 | — | 39.8% | ||
| Q3 25 | — | 40.4% | ||
| Q2 25 | — | 41.4% | ||
| Q1 25 | — | 40.6% | ||
| Q4 24 | — | 40.9% | ||
| Q3 24 | — | 40.9% | ||
| Q2 24 | — | 40.1% | ||
| Q1 24 | 52.8% | 39.3% |
营业利润率ASSPXC
| Q4 25 | — | 15.7% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | — | 15.7% | ||
| Q1 25 | — | 13.8% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | — | 16.3% | ||
| Q2 24 | — | 14.9% | ||
| Q1 24 | 12.4% | 13.9% |
净利率ASSPXC
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | — | 9.4% | ||
| Q1 25 | — | 10.6% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | 1.8% | 10.5% |
每股收益（稀释后）ASSPXC
| Q4 25 | — | $1.56 | ||
| Q3 25 | — | $1.28 | ||
| Q2 25 | — | $1.10 | ||
| Q1 25 | — | $1.09 | ||
| Q4 24 | — | $1.21 | ||
| Q3 24 | — | $1.06 | ||
| Q2 24 | — | $0.94 | ||
| Q1 24 | $0.05 | $1.05 |
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 | — | $364.0M |
| 总债务越低越好 | — | $496.7M |
| 股东权益账面价值 | — | $2.2B |
| 总资产 | — | $3.6B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资ASSPXC
| Q4 25 | — | $364.0M | ||
| Q3 25 | — | $229.4M | ||
| Q2 25 | — | $132.8M | ||
| Q1 25 | — | $177.8M | ||
| Q4 24 | — | $156.9M | ||
| Q3 24 | — | $124.8M | ||
| Q2 24 | — | $128.1M | ||
| Q1 24 | — | $100.5M |
总债务ASSPXC
| Q4 25 | — | $496.7M | ||
| Q3 25 | — | $499.8M | ||
| Q2 25 | — | $950.3M | ||
| Q1 25 | — | $872.0M | ||
| Q4 24 | — | $577.0M | ||
| Q3 24 | — | $665.2M | ||
| Q2 24 | — | $509.9M | ||
| Q1 24 | — | $516.6M |
股东权益ASSPXC
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.2B |
总资产ASSPXC
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.8B |
负债/权益比ASSPXC
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.42× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.40× | ||
| Q1 24 | — | 0.42× |
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 | $195.2M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | $126.7M |
| 自由现金流率自由现金流/营收 | 8.8% | 19.9% |
| 资本支出强度资本支出/营收 | 2.1% | 10.7% |
| 现金转化率经营现金流/净利润 | 6.02× | 2.51× |
| 过去12个月自由现金流最近4个季度 | — | $241.2M |
8季度趋势，按日历期对齐
经营现金流ASSPXC
| Q4 25 | — | $195.2M | ||
| Q3 25 | — | $106.5M | ||
| Q2 25 | — | $42.5M | ||
| Q1 25 | — | $-10.9M | ||
| Q4 24 | — | $166.5M | ||
| Q3 24 | — | $51.4M | ||
| Q2 24 | — | $57.5M | ||
| Q1 24 | $114.3M | $10.5M |
自由现金流ASSPXC
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | $96.1M | ||
| Q2 25 | — | $34.8M | ||
| Q1 25 | — | $-16.4M | ||
| Q4 24 | — | $156.7M | ||
| Q3 24 | — | $43.5M | ||
| Q2 24 | — | $47.1M | ||
| Q1 24 | $92.2M | $600.0K |
自由现金流率ASSPXC
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 16.2% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | -3.4% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | 8.8% | 0.1% |
资本支出强度ASSPXC
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | 2.1% | 2.1% |
现金转化率ASSPXC
| Q4 25 | — | 2.51× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 0.81× | ||
| Q1 25 | — | -0.21× | ||
| Q4 24 | — | 2.92× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | 6.02× | 0.21× |
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% |
SPXC
| Package And Process Cooling Equipment And Services And Engineered Air Movement And Handling Solutions | $258.5M | 41% |
| Detectionand Measurement Reportable Segment | $206.2M | 32% |
| CA | $57.7M | 9% |
| Kranze Technology Solutions Inc | $37.9M | 6% |
| GB | $32.0M | 5% |
| Other Foreign Countries | $28.6M | 4% |
| Other | $16.4M | 3% |
