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Academy Sports & Outdoors, Inc.（ASO）与阿普塔集团（ATR）财务数据对比。点击上方公司名可切换其他公司
Academy Sports & Outdoors, Inc.的季度营收约是阿普塔集团的1.4倍（$1.4B vs $962.7M），阿普塔集团净利率更高（7.7% vs 5.2%，领先2.6%），阿普塔集团同比增速更快（13.5% vs 3.0%），阿普塔集团自由现金流更多（$96.9M vs $-13.6M），过去两年阿普塔集团的营收复合增速更高（2.6% 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。
阿普塔集团（AptarGroup, Inc.）是总部位于美国的全球性制造企业，主营消费品分配包装产品及药物给药装置的研发与生产，目前在全球18个国家设有生产运营基地，服务医药、快消等多领域客户。
ASO vs ATR — 直观对比
营收规模更大
ASO
是对方的1.4倍
$962.7M
营收增速更快
ATR
高出10.5%
3.0%
净利率更高
ATR
高出2.6%
5.2%
自由现金流更多
ATR
多$110.4M
$-13.6M
两年增速更快
ATR
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $962.7M |
| 净利润 | $71.6M | $74.3M |
| 毛利率 | 35.7% | — |
| 营业利润率 | 7.3% | 11.0% |
| 净利率 | 5.2% | 7.7% |
| 营收同比 | 3.0% | 13.5% |
| 净利润同比 | 8.8% | -26.4% |
| 每股收益（稀释后） | $1.05 | $1.13 |
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ASOATR
| Q4 25 | $1.4B | $962.7M | ||
| Q3 25 | $1.6B | $961.1M | ||
| Q2 25 | $1.4B | $966.0M | ||
| Q1 25 | $1.7B | $887.3M | ||
| Q4 24 | $1.3B | $848.1M | ||
| Q3 24 | $1.5B | $909.3M | ||
| Q2 24 | $1.4B | $910.1M | ||
| Q1 24 | $1.8B | $915.4M |
净利润ASOATR
| Q4 25 | $71.6M | $74.3M | ||
| Q3 25 | $125.4M | $127.9M | ||
| Q2 25 | $46.1M | $111.7M | ||
| Q1 25 | $133.6M | $78.8M | ||
| Q4 24 | $65.8M | $100.9M | ||
| Q3 24 | $142.6M | $100.0M | ||
| Q2 24 | $76.5M | $90.5M | ||
| Q1 24 | $168.2M | $83.1M |
毛利率ASOATR
| 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ASOATR
| Q4 25 | 7.3% | 11.0% | ||
| Q3 25 | 10.8% | 14.2% | ||
| Q2 25 | 5.1% | 14.9% | ||
| Q1 25 | 9.2% | 12.8% | ||
| Q4 24 | 6.8% | 14.2% | ||
| Q3 24 | 12.3% | 15.2% | ||
| Q2 24 | 7.5% | 13.8% | ||
| Q1 24 | 11.4% | 12.2% |
净利率ASOATR
| Q4 25 | 5.2% | 7.7% | ||
| Q3 25 | 7.8% | 13.3% | ||
| Q2 25 | 3.4% | 11.6% | ||
| Q1 25 | 8.0% | 8.9% | ||
| Q4 24 | 4.9% | 11.9% | ||
| Q3 24 | 9.2% | 11.0% | ||
| Q2 24 | 5.6% | 9.9% | ||
| Q1 24 | 9.4% | 9.1% |
每股收益（稀释后）ASOATR
| Q4 25 | $1.05 | $1.13 | ||
| Q3 25 | $1.85 | $1.92 | ||
| Q2 25 | $0.68 | $1.67 | ||
| Q1 25 | $1.85 | $1.17 | ||
| Q4 24 | $0.92 | $1.48 | ||
| Q3 24 | $1.95 | $1.48 | ||
| Q2 24 | $1.01 | $1.34 | ||
| Q1 24 | $2.19 | $1.23 |
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 | $409.5M |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | $2.1B | $2.7B |
| 总资产 | $5.4B | $5.3B |
| 负债/权益比越低杠杆越低 | — | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资ASOATR
| Q4 25 | $289.5M | $409.5M | ||
| Q3 25 | $300.9M | $264.8M | ||
| Q2 25 | $285.1M | $169.8M | ||
| Q1 25 | $288.9M | $136.8M | ||
| Q4 24 | $296.0M | $226.2M | ||
| Q3 24 | $324.6M | $327.9M | ||
| Q2 24 | $378.1M | $223.9M | ||
| Q1 24 | $347.9M | $201.1M |
总债务ASOATR
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $546.0M | ||
| Q2 25 | — | $535.1M | ||
| Q1 25 | — | $561.2M | ||
| Q4 24 | — | $688.1M | ||
| Q3 24 | — | $822.7M | ||
| Q2 24 | — | $681.5M | ||
| Q1 24 | — | $680.4M |
股东权益ASOATR
| Q4 25 | $2.1B | $2.7B | ||
| Q3 25 | $2.1B | $2.8B | ||
| Q2 25 | $1.9B | $2.7B | ||
| Q1 25 | $2.0B | $2.5B | ||
| Q4 24 | $2.0B | $2.5B | ||
| Q3 24 | $2.0B | $2.5B | ||
| Q2 24 | $1.9B | $2.4B | ||
| Q1 24 | $2.0B | $2.3B |
总资产ASOATR
| Q4 25 | $5.4B | $5.3B | ||
| Q3 25 | $5.3B | $5.1B | ||
| Q2 25 | $5.2B | $4.9B | ||
| Q1 25 | $4.9B | $4.5B | ||
| Q4 24 | $5.1B | $4.4B | ||
| Q3 24 | $4.9B | $4.6B | ||
| Q2 24 | $4.9B | $4.5B | ||
| Q1 24 | $4.7B | $4.4B |
负债/权益比ASOATR
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | — | 0.29× |
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 | $183.7M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $96.9M |
| 自由现金流率自由现金流/营收 | -1.0% | 10.1% |
| 资本支出强度资本支出/营收 | 4.5% | 9.0% |
| 现金转化率经营现金流/净利润 | 0.68× | 2.47× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $299.6M |
8季度趋势，按日历期对齐
经营现金流ASOATR
| Q4 25 | $49.0M | $183.7M | ||
| Q3 25 | $78.6M | $177.6M | ||
| Q2 25 | $157.5M | $126.0M | ||
| Q1 25 | $140.2M | $82.7M | ||
| Q4 24 | $96.9M | $178.2M | ||
| Q3 24 | $91.3M | $229.3M | ||
| Q2 24 | $199.7M | $143.6M | ||
| Q1 24 | $234.7M | $92.3M |
自由现金流ASOATR
| Q4 25 | $-13.6M | $96.9M | ||
| Q3 25 | $21.8M | $114.3M | ||
| Q2 25 | $106.6M | $62.5M | ||
| Q1 25 | $76.4M | $25.9M | ||
| Q4 24 | $34.4M | $112.2M | ||
| Q3 24 | $50.1M | $162.7M | ||
| Q2 24 | $167.4M | $75.4M | ||
| Q1 24 | $178.9M | $16.7M |
自由现金流率ASOATR
| Q4 25 | -1.0% | 10.1% | ||
| Q3 25 | 1.4% | 11.9% | ||
| Q2 25 | 7.9% | 6.5% | ||
| Q1 25 | 4.6% | 2.9% | ||
| Q4 24 | 2.6% | 13.2% | ||
| Q3 24 | 3.2% | 17.9% | ||
| Q2 24 | 12.3% | 8.3% | ||
| Q1 24 | 10.0% | 1.8% |
资本支出强度ASOATR
| Q4 25 | 4.5% | 9.0% | ||
| Q3 25 | 3.5% | 6.6% | ||
| Q2 25 | 3.8% | 6.6% | ||
| Q1 25 | 3.8% | 6.4% | ||
| Q4 24 | 4.6% | 7.8% | ||
| Q3 24 | 2.7% | 7.3% | ||
| Q2 24 | 2.4% | 7.5% | ||
| Q1 24 | 3.1% | 8.3% |
现金转化率ASOATR
| Q4 25 | 0.68× | 2.47× | ||
| Q3 25 | 0.63× | 1.39× | ||
| Q2 25 | 3.42× | 1.13× | ||
| Q1 25 | 1.05× | 1.05× | ||
| Q4 24 | 1.47× | 1.77× | ||
| Q3 24 | 0.64× | 2.29× | ||
| Q2 24 | 2.61× | 1.59× | ||
| Q1 24 | 1.40× | 1.11× |
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% |
ATR
| Pharma Segment | $833.1M | 87% |
| Other | $129.6M | 13% |
