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亚玛芬体育（AS）与VEEVA SYSTEMS INC（VEEV）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VEEVA SYSTEMS INC的1.3倍（$1.1B vs $811.2M），VEEVA SYSTEMS INC净利率更高（29.1% vs 1.8%，领先27.3%）
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。
Veeva Systems Inc总部位于美国加利福尼亚州普莱森顿，是一家公益类上市企业，专注为生命科学行业提供云软件、数据服务及商业咨询，旗下产品可实现数据管理、监管注册跟踪、供应链全流程监督等多项功能。
AS vs VEEV — 直观对比
营收规模更大
AS
是对方的1.3倍
$811.2M
净利率更高
VEEV
高出27.3%
1.8%
损益表 — Q1 FY2024 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $811.2M |
| 净利润 | $19.0M | $236.2M |
| 毛利率 | 52.8% | 75.4% |
| 营业利润率 | 12.4% | 29.7% |
| 净利率 | 1.8% | 29.1% |
| 营收同比 | — | 16.0% |
| 净利润同比 | — | 27.1% |
| 每股收益（稀释后） | $0.05 | $1.40 |
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ASVEEV
| Q4 25 | — | $811.2M | ||
| Q3 25 | — | $789.1M | ||
| Q2 25 | — | $759.0M | ||
| Q1 25 | — | $720.9M | ||
| Q4 24 | — | $699.2M | ||
| Q3 24 | — | $676.2M | ||
| Q2 24 | — | $650.3M | ||
| Q1 24 | $1.1B | $630.6M |
净利润ASVEEV
| Q4 25 | — | $236.2M | ||
| Q3 25 | — | $200.3M | ||
| Q2 25 | — | $228.2M | ||
| Q1 25 | — | $195.6M | ||
| Q4 24 | — | $185.8M | ||
| Q3 24 | — | $171.0M | ||
| Q2 24 | — | $161.7M | ||
| Q1 24 | $19.0M | $147.4M |
毛利率ASVEEV
| Q4 25 | — | 75.4% | ||
| Q3 25 | — | 75.3% | ||
| Q2 25 | — | 77.1% | ||
| Q1 25 | — | 74.9% | ||
| Q4 24 | — | 75.1% | ||
| Q3 24 | — | 74.8% | ||
| Q2 24 | — | 73.3% | ||
| Q1 24 | 52.8% | 72.4% |
营业利润率ASVEEV
| Q4 25 | — | 29.7% | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 30.8% | ||
| Q1 25 | — | 26.1% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | — | 24.6% | ||
| Q2 24 | — | 23.9% | ||
| Q1 24 | 12.4% | 21.4% |
净利率ASVEEV
| Q4 25 | — | 29.1% | ||
| Q3 25 | — | 25.4% | ||
| Q2 25 | — | 30.1% | ||
| Q1 25 | — | 27.1% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 25.3% | ||
| Q2 24 | — | 24.9% | ||
| Q1 24 | 1.8% | 23.4% |
每股收益（稀释后）ASVEEV
| Q4 25 | — | $1.40 | ||
| Q3 25 | — | $1.19 | ||
| Q2 25 | — | $1.37 | ||
| Q1 25 | — | $1.17 | ||
| Q4 24 | — | $1.13 | ||
| Q3 24 | — | $1.04 | ||
| Q2 24 | — | $0.98 | ||
| Q1 24 | $0.05 | $0.90 |
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 | — | $1.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $7.0B |
| 总资产 | — | $8.1B |
| 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ASVEEV
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $703.5M |
股东权益ASVEEV
| Q4 25 | — | $7.0B | ||
| Q3 25 | — | $6.6B | ||
| Q2 25 | — | $6.2B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.6B |
总资产ASVEEV
| Q4 25 | — | $8.1B | ||
| Q3 25 | — | $8.0B | ||
| Q2 25 | — | $7.8B | ||
| Q1 25 | — | $7.3B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | — | $6.3B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | — | $5.9B |
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 | $192.8M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | — |
| 自由现金流率自由现金流/营收 | 8.8% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | 6.02× | 0.82× |
| 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ASVEEV
| Q4 25 | — | $192.8M | ||
| Q3 25 | — | $238.4M | ||
| Q2 25 | — | $877.2M | ||
| Q1 25 | — | $69.5M | ||
| Q4 24 | — | $164.1M | ||
| Q3 24 | — | $92.9M | ||
| Q2 24 | — | $763.5M | ||
| Q1 24 | $114.3M | $57.8M |
自由现金流ASVEEV
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $92.2M | — |
自由现金流率ASVEEV
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.8% | — |
资本支出强度ASVEEV
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 2.1% | — |
现金转化率ASVEEV
| Q4 25 | — | 0.82× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 3.84× | ||
| Q1 25 | — | 0.36× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 4.72× | ||
| Q1 24 | 6.02× | 0.39× |
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% |
VEEV
| Subscription Services Veeva Research And Development | $364.8M | 45% |
| Subscription Services Veeva Commercial Cloud | $317.6M | 39% |
| Professional Services Veeva Research And Development | $81.3M | 10% |
| Professional Services Veeva Commercial Cloud | $47.5M | 6% |
