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亚玛芬体育（AS）与Atlassian Corp（TEAM）财务数据对比。点击上方公司名可切换其他公司
Atlassian Corp的季度营收约是亚玛芬体育的1.5倍（$1.6B vs $1.1B），亚玛芬体育净利率更高（1.8% vs -2.7%，领先4.5%），Atlassian Corp自由现金流更多（$168.5M 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。
Dragoneer投资集团是总部位于美国加利福尼亚州旧金山的专业投资机构，专注于全球科技领域的投资布局，业务覆盖公开股票市场与私募股权市场，在全球科技投资赛道拥有丰富的运作经验和行业资源。
AS vs TEAM — 直观对比
营收规模更大
TEAM
是对方的1.5倍
$1.1B
净利率更高
AS
高出4.5%
-2.7%
自由现金流更多
TEAM
多$76.3M
$92.2M
损益表 — Q1 FY2024 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.6B |
| 净利润 | $19.0M | $-42.6M |
| 毛利率 | 52.8% | 85.0% |
| 营业利润率 | 12.4% | -3.0% |
| 净利率 | 1.8% | -2.7% |
| 营收同比 | — | 23.3% |
| 净利润同比 | — | -11.6% |
| 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ASTEAM
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q1 24 | $1.1B | $1.2B | ||
| Q4 23 | $1.3B | — |
净利润ASTEAM
| Q4 25 | — | $-42.6M | ||
| Q3 25 | — | $-51.9M | ||
| Q2 25 | — | $-23.9M | ||
| Q1 25 | — | $-70.8M | ||
| Q4 24 | — | $-38.2M | ||
| Q3 24 | — | $-123.8M | ||
| Q1 24 | $19.0M | $12.8M | ||
| Q4 23 | $-95.0M | — |
毛利率ASTEAM
| Q4 25 | — | 85.0% | ||
| Q3 25 | — | 82.0% | ||
| Q2 25 | — | 83.1% | ||
| Q1 25 | — | 83.8% | ||
| Q4 24 | — | 82.7% | ||
| Q3 24 | — | 81.7% | ||
| Q1 24 | 52.8% | 82.1% | ||
| Q4 23 | 51.9% | — |
营业利润率ASTEAM
| Q4 25 | — | -3.0% | ||
| Q3 25 | — | -6.7% | ||
| Q2 25 | — | -2.1% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | -4.5% | ||
| Q3 24 | — | -2.7% | ||
| Q1 24 | 12.4% | 1.5% | ||
| Q4 23 | — | — |
净利率ASTEAM
| Q4 25 | — | -2.7% | ||
| Q3 25 | — | -3.6% | ||
| Q2 25 | — | -1.7% | ||
| Q1 25 | — | -5.2% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | — | -10.4% | ||
| Q1 24 | 1.8% | 1.1% | ||
| Q4 23 | -7.2% | — |
每股收益（稀释后）ASTEAM
| Q4 25 | — | $-0.16 | ||
| Q3 25 | — | $-0.20 | ||
| Q2 25 | — | $-0.08 | ||
| Q1 25 | — | $-0.27 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $-0.48 | ||
| Q1 24 | $0.05 | $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 | — | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $1.6B |
| 总资产 | — | $6.2B |
| 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ASTEAM
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.2B | ||
| Q1 24 | — | $2.1B | ||
| Q4 23 | $483.4M | — |
总债务ASTEAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | $6.3B | — |
股东权益ASTEAM
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.0B | ||
| Q1 24 | — | $1.1B | ||
| Q4 23 | $-156.8M | — |
总资产ASTEAM
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | — | $6.0B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $5.0B | ||
| Q1 24 | — | $5.1B | ||
| Q4 23 | $8.4B | — |
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 | $177.8M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | $168.5M |
| 自由现金流率自由现金流/营收 | 8.8% | 10.6% |
| 资本支出强度资本支出/营收 | 2.1% | 0.6% |
| 现金转化率经营现金流/净利润 | 6.02× | — |
| 过去12个月自由现金流最近4个季度 | — | $1.3B |
8季度趋势，按日历期对齐
经营现金流ASTEAM
| Q4 25 | — | $177.8M | ||
| Q3 25 | — | $128.7M | ||
| Q2 25 | — | $375.3M | ||
| Q1 25 | — | $652.7M | ||
| Q4 24 | — | $351.9M | ||
| Q3 24 | — | $80.5M | ||
| Q1 24 | $114.3M | $565.4M | ||
| Q4 23 | $199.0M | — |
自由现金流ASTEAM
| Q4 25 | — | $168.5M | ||
| Q3 25 | — | $114.6M | ||
| Q2 25 | — | $360.3M | ||
| Q1 25 | — | $638.3M | ||
| Q4 24 | — | $342.6M | ||
| Q3 24 | — | $74.3M | ||
| Q1 24 | $92.2M | $554.9M | ||
| Q4 23 | $75.4M | — |
自由现金流率ASTEAM
| Q4 25 | — | 10.6% | ||
| Q3 25 | — | 8.0% | ||
| Q2 25 | — | 26.0% | ||
| Q1 25 | — | 47.0% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 6.3% | ||
| Q1 24 | 8.8% | 46.7% | ||
| Q4 23 | 5.7% | — |
资本支出强度ASTEAM
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 0.5% | ||
| Q1 24 | 2.1% | 0.9% | ||
| Q4 23 | 9.4% | — |
现金转化率ASTEAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | 6.02× | 44.34× | ||
| 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% |
TEAM
| Cloud Deployment Services | $1.1B | 67% |
| Data Center Deployment | $435.6M | 27% |
| Marketplace And Services Deployment | $83.7M | 5% |
