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Academy Sports & Outdoors, Inc.（ASO）与Astrana Health, Inc.（ASTH）财务数据对比。点击上方公司名可切换其他公司
Academy Sports & Outdoors, Inc.的季度营收约是Astrana Health, Inc.的1.5倍（$1.4B vs $950.5M），Academy Sports & Outdoors, Inc.净利率更高（5.2% vs 0.7%，领先4.5%），Astrana Health, Inc.同比增速更快（42.9% vs 3.0%），Astrana Health, Inc.自由现金流更多（$-6.0M vs $-13.6M），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs -12.2%）
Academy Sports & Outdoors是美国知名的运动户外用品连锁零售商，总部位于得克萨斯州哈里斯县，临近休斯顿。品牌曾由戈奇曼家族私有运营74年，2011年被私募机构KKR收购，2020年10月于纳斯达克挂牌上市，旗下门店主营各类运动装备、户外休闲用品等品类。
Astrana Health是一家总部位于美国的价值导向型医疗服务提供商，主要服务全美符合联邦医保资格的老年群体，提供上门初级护理、慢性病管理及护理协调服务，致力于提升患者健康水平、降低不必要的医疗支出。
ASO vs ASTH — 直观对比
营收规模更大
ASO
是对方的1.5倍
$950.5M
营收增速更快
ASTH
高出39.9%
3.0%
净利率更高
ASO
高出4.5%
0.7%
自由现金流更多
ASTH
多$7.6M
$-13.6M
两年增速更快
ASTH
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $950.5M |
| 净利润 | $71.6M | $6.6M |
| 毛利率 | 35.7% | — |
| 营业利润率 | 7.3% | 1.9% |
| 净利率 | 5.2% | 0.7% |
| 营收同比 | 3.0% | 42.9% |
| 净利润同比 | 8.8% | 184.4% |
| 每股收益（稀释后） | $1.05 | $0.12 |
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ASOASTH
| Q4 25 | $1.4B | $950.5M | ||
| Q3 25 | $1.6B | $956.0M | ||
| Q2 25 | $1.4B | $654.8M | ||
| Q1 25 | $1.7B | $620.4M | ||
| Q4 24 | $1.3B | $665.2M | ||
| Q3 24 | $1.5B | $478.7M | ||
| Q2 24 | $1.4B | $486.3M | ||
| Q1 24 | $1.8B | $404.4M |
净利润ASOASTH
| Q4 25 | $71.6M | $6.6M | ||
| Q3 25 | $125.4M | $373.0K | ||
| Q2 25 | $46.1M | $9.4M | ||
| Q1 25 | $133.6M | $6.7M | ||
| Q4 24 | $65.8M | $-7.8M | ||
| Q3 24 | $142.6M | $16.1M | ||
| Q2 24 | $76.5M | $19.2M | ||
| Q1 24 | $168.2M | $14.8M |
毛利率ASOASTH
| Q4 25 | 35.7% | — | ||
| Q3 25 | 36.0% | — | ||
| Q2 25 | 34.0% | — | ||
| Q1 25 | 32.2% | — | ||
| Q4 24 | 34.0% | — | ||
| Q3 24 | 36.1% | — | ||
| Q2 24 | 33.4% | — | ||
| Q1 24 | 33.3% | — |
营业利润率ASOASTH
| Q4 25 | 7.3% | 1.9% | ||
| Q3 25 | 10.8% | 2.0% | ||
| Q2 25 | 5.1% | 3.1% | ||
| Q1 25 | 9.2% | 3.3% | ||
| Q4 24 | 6.8% | 0.1% | ||
| Q3 24 | 12.3% | 5.9% | ||
| Q2 24 | 7.5% | 6.2% | ||
| Q1 24 | 11.4% | 7.5% |
净利率ASOASTH
| Q4 25 | 5.2% | 0.7% | ||
| Q3 25 | 7.8% | 0.0% | ||
| Q2 25 | 3.4% | 1.4% | ||
| Q1 25 | 8.0% | 1.1% | ||
| Q4 24 | 4.9% | -1.2% | ||
| Q3 24 | 9.2% | 3.4% | ||
| Q2 24 | 5.6% | 3.9% | ||
| Q1 24 | 9.4% | 3.7% |
每股收益（稀释后）ASOASTH
| Q4 25 | $1.05 | $0.12 | ||
| Q3 25 | $1.85 | $0.01 | ||
| Q2 25 | $0.68 | $0.19 | ||
| Q1 25 | $1.85 | $0.14 | ||
| Q4 24 | $0.92 | $-0.14 | ||
| Q3 24 | $1.95 | $0.33 | ||
| Q2 24 | $1.01 | $0.40 | ||
| Q1 24 | $2.19 | $0.31 |
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 | $289.5M | $429.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $779.3M |
| 总资产 | $5.4B | $2.2B |
| 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ASOASTH
| Q4 25 | $289.5M | $429.5M | ||
| Q3 25 | $300.9M | $463.4M | ||
| Q2 25 | $285.1M | $342.1M | ||
| Q1 25 | $288.9M | $260.9M | ||
| Q4 24 | $296.0M | $290.8M | ||
| Q3 24 | $324.6M | $350.3M | ||
| Q2 24 | $378.1M | $327.7M | ||
| Q1 24 | $347.9M | $337.3M |
股东权益ASOASTH
| Q4 25 | $2.1B | $779.3M | ||
| Q3 25 | $2.1B | $775.5M | ||
| Q2 25 | $1.9B | $765.5M | ||
| Q1 25 | $2.0B | $745.4M | ||
| Q4 24 | $2.0B | $712.7M | ||
| Q3 24 | $2.0B | $704.6M | ||
| Q2 24 | $1.9B | $678.9M | ||
| Q1 24 | $2.0B | $653.5M |
总资产ASOASTH
| Q4 25 | $5.4B | $2.2B | ||
| Q3 25 | $5.3B | $2.2B | ||
| Q2 25 | $5.2B | $1.4B | ||
| Q1 25 | $4.9B | $1.3B | ||
| Q4 24 | $5.1B | $1.4B | ||
| Q3 24 | $4.9B | $1.3B | ||
| Q2 24 | $4.9B | $1.3B | ||
| Q1 24 | $4.7B | $1.2B |
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 | $49.0M | $-2.9M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $-6.0M |
| 自由现金流率自由现金流/营收 | -1.0% | -0.6% |
| 资本支出强度资本支出/营收 | 4.5% | 0.3% |
| 现金转化率经营现金流/净利润 | 0.68× | -0.44× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $104.5M |
8季度趋势，按日历期对齐
经营现金流ASOASTH
| Q4 25 | $49.0M | $-2.9M | ||
| Q3 25 | $78.6M | $10.0M | ||
| Q2 25 | $157.5M | $90.9M | ||
| Q1 25 | $140.2M | $16.6M | ||
| Q4 24 | $96.9M | $-10.9M | ||
| Q3 24 | $91.3M | $34.0M | ||
| Q2 24 | $199.7M | $23.2M | ||
| Q1 24 | $234.7M | $6.0M |
自由现金流ASOASTH
| Q4 25 | $-13.6M | $-6.0M | ||
| Q3 25 | $21.8M | $7.4M | ||
| Q2 25 | $106.6M | $89.5M | ||
| Q1 25 | $76.4M | $13.6M | ||
| Q4 24 | $34.4M | $-13.5M | ||
| Q3 24 | $50.1M | $31.7M | ||
| Q2 24 | $167.4M | $20.4M | ||
| Q1 24 | $178.9M | $5.6M |
自由现金流率ASOASTH
| Q4 25 | -1.0% | -0.6% | ||
| Q3 25 | 1.4% | 0.8% | ||
| Q2 25 | 7.9% | 13.7% | ||
| Q1 25 | 4.6% | 2.2% | ||
| Q4 24 | 2.6% | -2.0% | ||
| Q3 24 | 3.2% | 6.6% | ||
| Q2 24 | 12.3% | 4.2% | ||
| Q1 24 | 10.0% | 1.4% |
资本支出强度ASOASTH
| Q4 25 | 4.5% | 0.3% | ||
| Q3 25 | 3.5% | 0.3% | ||
| Q2 25 | 3.8% | 0.2% | ||
| Q1 25 | 3.8% | 0.5% | ||
| Q4 24 | 4.6% | 0.4% | ||
| Q3 24 | 2.7% | 0.5% | ||
| Q2 24 | 2.4% | 0.6% | ||
| Q1 24 | 3.1% | 0.1% |
现金转化率ASOASTH
| Q4 25 | 0.68× | -0.44× | ||
| Q3 25 | 0.63× | 26.69× | ||
| Q2 25 | 3.42× | 9.65× | ||
| Q1 25 | 1.05× | 2.48× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | 2.11× | ||
| Q2 24 | 2.61× | 1.21× | ||
| Q1 24 | 1.40× | 0.40× |
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
ASO
| Outdoors | $445.1M | 32% |
| Apparel | $349.8M | 25% |
| Footwear | $292.4M | 21% |
| Sports And Recreation | $288.7M | 21% |
| Other | $7.6M | 1% |
ASTH
| Medicare | $542.4M | 57% |
| Commercial | $99.1M | 10% |
| Care Delivery | $92.1M | 10% |
| Care Enablement | $78.9M | 8% |
| Other Third Parties | $58.0M | 6% |
| Health Care Patient Service | $39.8M | 4% |
| Health Care Other | $25.5M | 3% |
| Other | $12.1M | 1% |
| Management Service | $10.3M | 1% |
