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Academy Sports & Outdoors, Inc.（ASO）与AutoZone（AZO）财务数据对比。点击上方公司名可切换其他公司
AutoZone的季度营收约是Academy Sports & Outdoors, Inc.的3.1倍（$4.3B vs $1.4B）。AutoZone净利率更高（11.0% vs 5.2%，领先5.8%）。AutoZone同比增速更快（8.1% vs 3.0%）。AutoZone自由现金流更多（$35.6M vs $-13.6M）。过去两年AutoZone的营收复合增速更高（0.5% 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。
AutoZone是美国规模最大的汽车售后零部件及配件零售商，1979年正式成立，总部位于田纳西州孟菲斯。目前企业在全美、墨西哥、波多黎各、巴西及美属维尔京群岛共开设7140家门店，为车主及汽修从业人员提供多元齐全的汽车相关配件产品。
ASO vs AZO — 直观对比
营收规模更大
AZO
是对方的3.1倍
$1.4B
营收增速更快
AZO
高出5.1%
3.0%
净利率更高
AZO
高出5.8%
5.2%
自由现金流更多
AZO
多$49.2M
$-13.6M
两年增速更快
AZO
近两年复合增速
-12.2%
损益表 — Q4 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $4.3B |
| 净利润 | $71.6M | $468.9M |
| 毛利率 | 35.7% | 52.5% |
| 营业利润率 | 7.3% | 16.3% |
| 净利率 | 5.2% | 11.0% |
| 营收同比 | 3.0% | 8.1% |
| 净利润同比 | 8.8% | -3.9% |
| 每股收益（稀释后） | $1.05 | $27.63 |
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ASOAZO
| Q1 26 | — | $4.3B | ||
| Q4 25 | $1.4B | $4.6B | ||
| Q3 25 | $1.6B | $6.2B | ||
| Q2 25 | $1.4B | $4.5B | ||
| Q1 25 | $1.7B | $4.0B | ||
| Q4 24 | $1.3B | $4.3B | ||
| Q3 24 | $1.5B | $6.2B | ||
| Q2 24 | $1.4B | $4.2B |
净利润ASOAZO
| Q1 26 | — | $468.9M | ||
| Q4 25 | $71.6M | $530.8M | ||
| Q3 25 | $125.4M | $837.0M | ||
| Q2 25 | $46.1M | $608.4M | ||
| Q1 25 | $133.6M | $487.9M | ||
| Q4 24 | $65.8M | $564.9M | ||
| Q3 24 | $142.6M | $902.2M | ||
| Q2 24 | $76.5M | $651.7M |
毛利率ASOAZO
| Q1 26 | — | 52.5% | ||
| Q4 25 | 35.7% | 51.0% | ||
| Q3 25 | 36.0% | 51.5% | ||
| Q2 25 | 34.0% | 52.7% | ||
| Q1 25 | 32.2% | 53.9% | ||
| Q4 24 | 34.0% | 53.0% | ||
| Q3 24 | 36.1% | 52.5% | ||
| Q2 24 | 33.4% | 53.5% |
营业利润率ASOAZO
| Q1 26 | — | 16.3% | ||
| Q4 25 | 7.3% | 16.9% | ||
| Q3 25 | 10.8% | 19.2% | ||
| Q2 25 | 5.1% | 19.4% | ||
| Q1 25 | 9.2% | 17.9% | ||
| Q4 24 | 6.8% | 19.7% | ||
| Q3 24 | 12.3% | 20.9% | ||
| Q2 24 | 7.5% | 21.3% |
净利率ASOAZO
| Q1 26 | — | 11.0% | ||
| Q4 25 | 5.2% | 11.5% | ||
| Q3 25 | 7.8% | 13.4% | ||
| Q2 25 | 3.4% | 13.6% | ||
| Q1 25 | 8.0% | 12.3% | ||
| Q4 24 | 4.9% | 13.2% | ||
| Q3 24 | 9.2% | 14.5% | ||
| Q2 24 | 5.6% | 15.4% |
每股收益（稀释后）ASOAZO
| Q1 26 | — | $27.63 | ||
| Q4 25 | $1.05 | $31.04 | ||
| Q3 25 | $1.85 | $48.70 | ||
| Q2 25 | $0.68 | $35.36 | ||
| Q1 25 | $1.85 | $28.29 | ||
| Q4 24 | $0.92 | $32.52 | ||
| Q3 24 | $1.95 | $51.42 | ||
| Q2 24 | $1.01 | $36.69 |
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 | $285.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $-2.9B |
| 总资产 | $5.4B | $20.4B |
| 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ASOAZO
| Q1 26 | — | $285.5M | ||
| Q4 25 | $289.5M | $287.6M | ||
| Q3 25 | $300.9M | $271.8M | ||
| Q2 25 | $285.1M | $268.6M | ||
| Q1 25 | $288.9M | $300.9M | ||
| Q4 24 | $296.0M | $304.0M | ||
| Q3 24 | $324.6M | $298.2M | ||
| Q2 24 | $378.1M | $275.4M |
股东权益ASOAZO
| Q1 26 | — | $-2.9B | ||
| Q4 25 | $2.1B | $-3.2B | ||
| Q3 25 | $2.1B | $-3.4B | ||
| Q2 25 | $1.9B | $-4.0B | ||
| Q1 25 | $2.0B | $-4.5B | ||
| Q4 24 | $2.0B | $-4.7B | ||
| Q3 24 | $2.0B | $-4.7B | ||
| Q2 24 | $1.9B | $-4.8B |
总资产ASOAZO
| Q1 26 | — | $20.4B | ||
| Q4 25 | $5.4B | $19.7B | ||
| Q3 25 | $5.3B | $19.4B | ||
| Q2 25 | $5.2B | $18.6B | ||
| Q1 25 | $4.9B | $18.1B | ||
| Q4 24 | $5.1B | $17.5B | ||
| Q3 24 | $4.9B | $17.2B | ||
| Q2 24 | $4.9B | $17.1B |
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 | $373.4M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $35.6M |
| 自由现金流率自由现金流/营收 | -1.0% | 0.8% |
| 资本支出强度资本支出/营收 | 4.5% | 7.9% |
| 现金转化率经营现金流/净利润 | 0.68× | 0.80× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $1.6B |
8季度趋势，按日历期对齐
经营现金流ASOAZO
| Q1 26 | — | $373.4M | ||
| Q4 25 | $49.0M | $944.2M | ||
| Q3 25 | $78.6M | $952.8M | ||
| Q2 25 | $157.5M | $769.0M | ||
| Q1 25 | $140.2M | $583.7M | ||
| Q4 24 | $96.9M | $811.8M | ||
| Q3 24 | $91.3M | $1.1B | ||
| Q2 24 | $199.7M | $669.5M |
自由现金流ASOAZO
| Q1 26 | — | $35.6M | ||
| Q4 25 | $-13.6M | $630.0M | ||
| Q3 25 | $21.8M | $511.1M | ||
| Q2 25 | $106.6M | $423.1M | ||
| Q1 25 | $76.4M | $291.0M | ||
| Q4 24 | $34.4M | $564.8M | ||
| Q3 24 | $50.1M | $723.5M | ||
| Q2 24 | $167.4M | $434.4M |
自由现金流率ASOAZO
| Q1 26 | — | 0.8% | ||
| Q4 25 | -1.0% | 13.6% | ||
| Q3 25 | 1.4% | 8.2% | ||
| Q2 25 | 7.9% | 9.5% | ||
| Q1 25 | 4.6% | 7.4% | ||
| Q4 24 | 2.6% | 13.2% | ||
| Q3 24 | 3.2% | 11.7% | ||
| Q2 24 | 12.3% | 10.3% |
资本支出强度ASOAZO
| Q1 26 | — | 7.9% | ||
| Q4 25 | 4.5% | 6.8% | ||
| Q3 25 | 3.5% | 7.1% | ||
| Q2 25 | 3.8% | 7.7% | ||
| Q1 25 | 3.8% | 7.4% | ||
| Q4 24 | 4.6% | 5.8% | ||
| Q3 24 | 2.7% | 5.6% | ||
| Q2 24 | 2.4% | 5.6% |
现金转化率ASOAZO
| Q1 26 | — | 0.80× | ||
| Q4 25 | 0.68× | 1.78× | ||
| Q3 25 | 0.63× | 1.14× | ||
| Q2 25 | 3.42× | 1.26× | ||
| Q1 25 | 1.05× | 1.20× | ||
| Q4 24 | 1.47× | 1.44× | ||
| Q3 24 | 0.64× | 1.19× | ||
| Q2 24 | 2.61× | 1.03× |
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% |
AZO
暂无分部数据
