vs
亚玛芬体育（AS）与WINNEBAGO INDUSTRIES INC（WGO）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WINNEBAGO INDUSTRIES INC的1.5倍（$1.1B vs $702.7M），亚玛芬体育净利率更高（1.8% vs 0.8%，领先1.0%），亚玛芬体育自由现金流更多（$92.2M vs $19.8M）
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。
温尼贝戈工业是美国知名的房车制造商，主营 recreational vehicle（ recreational vehicle 即休闲旅居车）生产制造，2018年收购克里斯-克拉夫特公司后进军摩托艇制造领域，企业也曾产出中轻型多用途车等相关产品，公司名称源自其原总部所在地爱荷华州的温纳贝戈县。
AS vs WGO — 直观对比
营收规模更大
AS
是对方的1.5倍
$702.7M
净利率更高
AS
高出1.0%
0.8%
自由现金流更多
AS
多$72.4M
$19.8M
损益表 — Q1 FY2024 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $702.7M |
| 净利润 | $19.0M | $5.5M |
| 毛利率 | 52.8% | 12.7% |
| 营业利润率 | 12.4% | 2.0% |
| 净利率 | 1.8% | 0.8% |
| 营收同比 | — | 12.3% |
| 净利润同比 | — | 205.8% |
| 每股收益（稀释后） | $0.05 | $0.19 |
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ASWGO
| Q4 25 | — | $702.7M | ||
| Q2 25 | — | $775.1M | ||
| Q4 24 | — | $625.6M | ||
| Q3 24 | — | $720.9M | ||
| Q2 24 | — | $786.0M | ||
| Q1 24 | $1.1B | $703.6M | ||
| Q4 23 | $1.3B | $763.0M | ||
| Q3 23 | — | $771.0M |
净利润ASWGO
| Q4 25 | — | $5.5M | ||
| Q2 25 | — | $17.6M | ||
| Q4 24 | — | $-5.2M | ||
| Q3 24 | — | $-29.1M | ||
| Q2 24 | — | $29.0M | ||
| Q1 24 | $19.0M | $-12.7M | ||
| Q4 23 | $-95.0M | $25.8M | ||
| Q3 23 | — | $43.8M |
毛利率ASWGO
| Q4 25 | — | 12.7% | ||
| Q2 25 | — | 13.7% | ||
| Q4 24 | — | 12.3% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 15.0% | ||
| Q1 24 | 52.8% | 15.0% | ||
| Q4 23 | 51.9% | 15.2% | ||
| Q3 23 | — | 16.5% |
营业利润率ASWGO
| Q4 25 | — | 2.0% | ||
| Q2 25 | — | 3.9% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | -2.5% | ||
| Q2 24 | — | 5.5% | ||
| Q1 24 | 12.4% | 5.0% | ||
| Q4 23 | — | 5.1% | ||
| Q3 23 | — | 7.5% |
净利率ASWGO
| Q4 25 | — | 0.8% | ||
| Q2 25 | — | 2.3% | ||
| Q4 24 | — | -0.8% | ||
| Q3 24 | — | -4.0% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | 1.8% | -1.8% | ||
| Q4 23 | -7.2% | 3.4% | ||
| Q3 23 | — | 5.7% |
每股收益（稀释后）ASWGO
| Q4 25 | — | $0.19 | ||
| Q2 25 | — | $0.62 | ||
| Q4 24 | — | $-0.18 | ||
| Q3 24 | — | $-0.87 | ||
| Q2 24 | — | $0.96 | ||
| Q1 24 | $0.05 | $-0.43 | ||
| Q4 23 | $-0.11 | $0.78 | ||
| Q3 23 | — | $1.27 |
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 | — | $181.7M |
| 总债务越低越好 | — | $541.0M |
| 股东权益账面价值 | — | $1.2B |
| 总资产 | — | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资ASWGO
| Q4 25 | — | $181.7M | ||
| Q2 25 | — | $10.5M | ||
| Q4 24 | — | $262.5M | ||
| Q3 24 | — | $330.9M | ||
| Q2 24 | — | $318.1M | ||
| Q1 24 | — | $265.7M | ||
| Q4 23 | $483.4M | $219.6M | ||
| Q3 23 | — | $309.9M |
总债务ASWGO
| Q4 25 | — | $541.0M | ||
| Q2 25 | — | $539.9M | ||
| Q4 24 | — | $637.7M | ||
| Q3 24 | — | $637.1M | ||
| Q2 24 | — | $636.4M | ||
| Q1 24 | — | $694.8M | ||
| Q4 23 | $6.3B | $593.1M | ||
| Q3 23 | — | $592.4M |
股东权益ASWGO
| Q4 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B | ||
| Q4 23 | $-156.8M | $1.4B | ||
| Q3 23 | — | $1.4B |
总资产ASWGO
| Q4 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B | ||
| Q4 23 | $8.4B | $2.4B | ||
| Q3 23 | — | $2.4B |
负债/权益比ASWGO
| Q4 25 | — | 0.44× | ||
| Q2 25 | — | 0.44× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 0.48× | ||
| Q1 24 | — | 0.52× | ||
| Q4 23 | — | 0.44× | ||
| Q3 23 | — | 0.43× |
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 | $25.4M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | $19.8M |
| 自由现金流率自由现金流/营收 | 8.8% | 2.8% |
| 资本支出强度资本支出/营收 | 2.1% | 0.8% |
| 现金转化率经营现金流/净利润 | 6.02× | 4.62× |
| 过去12个月自由现金流最近4个季度 | — | $-32.4M |
8季度趋势，按日历期对齐
经营现金流ASWGO
| Q4 25 | — | $25.4M | ||
| Q2 25 | — | $-35.8M | ||
| Q4 24 | — | $-16.7M | ||
| Q3 24 | — | $40.7M | ||
| Q2 24 | — | $99.4M | ||
| Q1 24 | $114.3M | $25.2M | ||
| Q4 23 | $199.0M | $-21.4M | ||
| Q3 23 | — | $138.1M |
自由现金流ASWGO
| Q4 25 | — | $19.8M | ||
| Q2 25 | — | $-55.0M | ||
| Q4 24 | — | $-26.7M | ||
| Q3 24 | — | $29.5M | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | $92.2M | $14.2M | ||
| Q4 23 | $75.4M | $-33.2M | ||
| Q3 23 | — | $122.9M |
自由现金流率ASWGO
| Q4 25 | — | 2.8% | ||
| Q2 25 | — | -7.1% | ||
| Q4 24 | — | -4.3% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 11.2% | ||
| Q1 24 | 8.8% | 2.0% | ||
| Q4 23 | 5.7% | -4.4% | ||
| Q3 23 | — | 15.9% |
资本支出强度ASWGO
| Q4 25 | — | 0.8% | ||
| Q2 25 | — | 2.5% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | 2.1% | 1.6% | ||
| Q4 23 | 9.4% | 1.5% | ||
| Q3 23 | — | 2.0% |
现金转化率ASWGO
| Q4 25 | — | 4.62× | ||
| Q2 25 | — | -2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.43× | ||
| Q1 24 | 6.02× | — | ||
| Q4 23 | — | -0.83× | ||
| Q3 23 | — | 3.15× |
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% |
WGO
| Travel Trailer | $139.2M | 20% |
| Class C And Other | $131.0M | 19% |
| Fifth Wheel | $116.0M | 17% |
| Class A | $97.4M | 14% |
| Marine Segment | $79.2M | 11% |
| Class B | $76.3M | 11% |
| Other | $56.4M | 8% |
