vs
亚玛芬体育（AS）与TEREX CORP（TEX）财务数据对比。点击上方公司名可切换其他公司
TEREX CORP的季度营收约是亚玛芬体育的1.3倍（$1.3B vs $1.1B），TEREX CORP净利率更高（4.8% vs 1.8%，领先3.0%），TEREX CORP自由现金流更多（$171.0M 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。
特雷克斯公司是美国知名的设备制造企业，业务遍布美洲、欧洲、澳大利亚及亚太地区，主营物料加工机械、废弃物回收处理设备、移动式高空作业平台，以及电力行业专用设备，为全球多领域客户提供专业解决方案。
AS vs TEX — 直观对比
营收规模更大
TEX
是对方的1.3倍
$1.1B
净利率更高
TEX
高出3.0%
1.8%
自由现金流更多
TEX
多$78.8M
$92.2M
损益表 — Q1 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.3B |
| 净利润 | $19.0M | $63.0M |
| 毛利率 | 52.8% | 18.8% |
| 营业利润率 | 12.4% | 10.4% |
| 净利率 | 1.8% | 4.8% |
| 营收同比 | — | 6.2% |
| 净利润同比 | — | 2963.6% |
| 每股收益（稀释后） | $0.05 | $0.95 |
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ASTEX
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $1.1B | $1.3B |
净利润ASTEX
| Q4 25 | — | $63.0M | ||
| Q3 25 | — | $65.0M | ||
| Q2 25 | — | $72.0M | ||
| Q1 25 | — | $21.0M | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $88.0M | ||
| Q2 24 | — | $140.7M | ||
| Q1 24 | $19.0M | $108.5M |
毛利率ASTEX
| Q4 25 | — | 18.8% | ||
| Q3 25 | — | 20.3% | ||
| Q2 25 | — | 19.6% | ||
| Q1 25 | — | 18.7% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | — | 23.8% | ||
| Q1 24 | 52.8% | 23.0% |
营业利润率ASTEX
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 10.1% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 14.0% | ||
| Q1 24 | 12.4% | 12.2% |
净利率ASTEX
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | -0.2% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 10.2% | ||
| Q1 24 | 1.8% | 8.4% |
每股收益（稀释后）ASTEX
| Q4 25 | — | $0.95 | ||
| Q3 25 | — | $0.98 | ||
| Q2 25 | — | $1.09 | ||
| Q1 25 | — | $0.31 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | — | $1.31 | ||
| Q2 24 | — | $2.08 | ||
| Q1 24 | $0.05 | $1.60 |
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 | — | $772.0M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | — | $2.1B |
| 总资产 | — | $6.1B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资ASTEX
| Q4 25 | — | $772.0M | ||
| Q3 25 | — | $509.0M | ||
| Q2 25 | — | $374.0M | ||
| Q1 25 | — | $298.0M | ||
| Q4 24 | — | $388.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $319.3M | ||
| Q1 24 | — | $364.9M |
总债务ASTEX
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ASTEX
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.7B |
总资产ASTEX
| Q4 25 | — | $6.1B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | — | $6.2B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $5.7B | ||
| Q3 24 | — | $3.8B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.8B |
负债/权益比ASTEX
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $205.0M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | $171.0M |
| 自由现金流率自由现金流/营收 | 8.8% | 13.0% |
| 资本支出强度资本支出/营收 | 2.1% | 2.6% |
| 现金转化率经营现金流/净利润 | 6.02× | 3.25× |
| 过去12个月自由现金流最近4个季度 | — | $322.0M |
8季度趋势，按日历期对齐
经营现金流ASTEX
| Q4 25 | — | $205.0M | ||
| Q3 25 | — | $154.0M | ||
| Q2 25 | — | $102.0M | ||
| Q1 25 | — | $-21.0M | ||
| Q4 24 | — | $177.0M | ||
| Q3 24 | — | $116.4M | ||
| Q2 24 | — | $66.5M | ||
| Q1 24 | $114.3M | $-33.9M |
自由现金流ASTEX
| Q4 25 | — | $171.0M | ||
| Q3 25 | — | $130.0M | ||
| Q2 25 | — | $78.0M | ||
| Q1 25 | — | $-57.0M | ||
| Q4 24 | — | $128.0M | ||
| Q3 24 | — | $87.4M | ||
| Q2 24 | — | $42.5M | ||
| Q1 24 | $92.2M | $-68.9M |
自由现金流率ASTEX
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | -4.6% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | 8.8% | -5.3% |
资本支出强度ASTEX
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | 2.1% | 2.7% |
现金转化率ASTEX
| Q4 25 | — | 3.25× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | -1.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | 6.02× | -0.31× |
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% |
TEX
| Aerials Segment | $466.0M | 35% |
| Materials Processing Segment | $428.0M | 32% |
| Materials Processing Equipment | $279.0M | 21% |
| Specialty Equipment | $148.0M | 11% |
