vs
Academy Sports & Outdoors, Inc.（ASO）与BRUNSWICK CORP（BC）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BRUNSWICK CORP的1.0倍（$1.4B vs $1.3B），Academy Sports & Outdoors, Inc.净利率更高（5.2% vs 1.4%，领先3.8%），BRUNSWICK CORP同比增速更快（15.5% vs 3.0%），BRUNSWICK CORP自由现金流更多（$83.6M vs $-13.6M），过去两年BRUNSWICK CORP的营收复合增速更高（-1.1% 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。
美国Brunswick公司创立于1845年，专注于多品类产品的研发、生产与营销，旗下拥有知名海事品牌水星海事（Mercury Marine）等多个品牌。目前集团在24个国家拥有超1.3万名员工，2024年销售额达52亿美元，全球总部位于伊利诺伊州芝加哥北郊的梅塔瓦。
ASO vs BC — 直观对比
营收规模更大
ASO
是对方的1.0倍
$1.3B
营收增速更快
BC
高出12.5%
3.0%
净利率更高
ASO
高出3.8%
1.4%
自由现金流更多
BC
多$97.2M
$-13.6M
两年增速更快
BC
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $71.6M | $18.7M |
| 毛利率 | 35.7% | 23.1% |
| 营业利润率 | 7.3% | 3.1% |
| 净利率 | 5.2% | 1.4% |
| 营收同比 | 3.0% | 15.5% |
| 净利润同比 | 8.8% | 122.7% |
| 每股收益（稀释后） | $1.05 | $0.32 |
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ASOBC
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.7B | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.8B | $1.4B |
净利润ASOBC
| Q4 25 | $71.6M | $18.7M | ||
| Q3 25 | $125.4M | $-235.5M | ||
| Q2 25 | $46.1M | $59.3M | ||
| Q1 25 | $133.6M | $20.2M | ||
| Q4 24 | $65.8M | $-82.5M | ||
| Q3 24 | $142.6M | $44.6M | ||
| Q2 24 | $76.5M | $100.0M | ||
| Q1 24 | $168.2M | $68.0M |
毛利率ASOBC
| Q4 25 | 35.7% | 23.1% | ||
| Q3 25 | 36.0% | 25.8% | ||
| Q2 25 | 34.0% | 25.5% | ||
| Q1 25 | 32.2% | 24.9% | ||
| Q4 24 | 34.0% | 21.9% | ||
| Q3 24 | 36.1% | 26.2% | ||
| Q2 24 | 33.4% | 27.1% | ||
| Q1 24 | 33.3% | 27.4% |
营业利润率ASOBC
| Q4 25 | 7.3% | 3.1% | ||
| Q3 25 | 10.8% | -17.8% | ||
| Q2 25 | 5.1% | 7.1% | ||
| Q1 25 | 9.2% | 4.6% | ||
| Q4 24 | 6.8% | -4.8% | ||
| Q3 24 | 12.3% | 7.7% | ||
| Q2 24 | 7.5% | 11.0% | ||
| Q1 24 | 11.4% | 8.1% |
净利率ASOBC
| Q4 25 | 5.2% | 1.4% | ||
| Q3 25 | 7.8% | -17.3% | ||
| Q2 25 | 3.4% | 4.1% | ||
| Q1 25 | 8.0% | 1.7% | ||
| Q4 24 | 4.9% | -7.1% | ||
| Q3 24 | 9.2% | 3.5% | ||
| Q2 24 | 5.6% | 6.9% | ||
| Q1 24 | 9.4% | 5.0% |
每股收益（稀释后）ASOBC
| Q4 25 | $1.05 | $0.32 | ||
| Q3 25 | $1.85 | $-3.59 | ||
| Q2 25 | $0.68 | $0.89 | ||
| Q1 25 | $1.85 | $0.30 | ||
| Q4 24 | $0.92 | $-1.21 | ||
| Q3 24 | $1.95 | $0.67 | ||
| Q2 24 | $1.01 | $1.48 | ||
| Q1 24 | $2.19 | $0.99 |
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 | $256.8M |
| 总债务越低越好 | — | $2.1B |
| 股东权益账面价值 | $2.1B | $1.6B |
| 总资产 | $5.4B | $5.3B |
| 负债/权益比越低杠杆越低 | — | 1.30× |
8季度趋势，按日历期对齐
现金及短期投资ASOBC
| Q4 25 | $289.5M | $256.8M | ||
| Q3 25 | $300.9M | $297.7M | ||
| Q2 25 | $285.1M | $315.7M | ||
| Q1 25 | $288.9M | $286.7M | ||
| Q4 24 | $296.0M | $269.0M | ||
| Q3 24 | $324.6M | $284.1M | ||
| Q2 24 | $378.1M | $494.5M | ||
| Q1 24 | $347.9M | $548.4M |
总债务ASOBC
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ASOBC
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $1.9B | $1.9B | ||
| Q1 25 | $2.0B | $1.9B | ||
| Q4 24 | $2.0B | $1.9B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $1.9B | $2.0B | ||
| Q1 24 | $2.0B | $2.0B |
总资产ASOBC
| Q4 25 | $5.4B | $5.3B | ||
| Q3 25 | $5.3B | $5.4B | ||
| Q2 25 | $5.2B | $5.8B | ||
| Q1 25 | $4.9B | $5.9B | ||
| Q4 24 | $5.1B | $5.7B | ||
| Q3 24 | $4.9B | $6.0B | ||
| Q2 24 | $4.9B | $6.4B | ||
| Q1 24 | $4.7B | $6.5B |
负债/权益比ASOBC
| Q4 25 | — | 1.30× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.25× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $132.9M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $83.6M |
| 自由现金流率自由现金流/营收 | -1.0% | 6.3% |
| 资本支出强度资本支出/营收 | 4.5% | 3.7% |
| 现金转化率经营现金流/净利润 | 0.68× | 7.11× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $396.3M |
8季度趋势，按日历期对齐
经营现金流ASOBC
| Q4 25 | $49.0M | $132.9M | ||
| Q3 25 | $78.6M | $140.4M | ||
| Q2 25 | $157.5M | $316.2M | ||
| Q1 25 | $140.2M | $-27.4M | ||
| Q4 24 | $96.9M | $306.4M | ||
| Q3 24 | $91.3M | $67.4M | ||
| Q2 24 | $199.7M | $211.0M | ||
| Q1 24 | $234.7M | $-153.4M |
自由现金流ASOBC
| Q4 25 | $-13.6M | $83.6M | ||
| Q3 25 | $21.8M | $106.5M | ||
| Q2 25 | $106.6M | $271.3M | ||
| Q1 25 | $76.4M | $-65.1M | ||
| Q4 24 | $34.4M | $276.1M | ||
| Q3 24 | $50.1M | $31.4M | ||
| Q2 24 | $167.4M | $163.9M | ||
| Q1 24 | $178.9M | $-207.4M |
自由现金流率ASOBC
| Q4 25 | -1.0% | 6.3% | ||
| Q3 25 | 1.4% | 7.8% | ||
| Q2 25 | 7.9% | 18.7% | ||
| Q1 25 | 4.6% | -5.3% | ||
| Q4 24 | 2.6% | 23.9% | ||
| Q3 24 | 3.2% | 2.5% | ||
| Q2 24 | 12.3% | 11.4% | ||
| Q1 24 | 10.0% | -15.2% |
资本支出强度ASOBC
| Q4 25 | 4.5% | 3.7% | ||
| Q3 25 | 3.5% | 2.5% | ||
| Q2 25 | 3.8% | 3.1% | ||
| Q1 25 | 3.8% | 3.1% | ||
| Q4 24 | 4.6% | 2.6% | ||
| Q3 24 | 2.7% | 2.8% | ||
| Q2 24 | 2.4% | 3.3% | ||
| Q1 24 | 3.1% | 4.0% |
现金转化率ASOBC
| Q4 25 | 0.68× | 7.11× | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 3.42× | 5.33× | ||
| Q1 25 | 1.05× | -1.36× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | 1.51× | ||
| Q2 24 | 2.61× | 2.11× | ||
| Q1 24 | 1.40× | -2.26× |
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% |
BC
| Engine Partsand Accessories | $532.4M | 40% |
| Navico Group | $452.9M | 34% |
| Recreational Fiberglass Boats | $111.6M | 8% |
| Saltwater Fishing Boats | $85.7M | 6% |
| Controls Riggingand Propellers | $78.3M | 6% |
| Business Acceleration | $48.1M | 4% |
| Sterndrive Engine | $32.6M | 2% |
