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Academy Sports & Outdoors, Inc.（ASO）与百通（BDC）财务数据对比。点击上方公司名可切换其他公司
Academy Sports & Outdoors, Inc.的季度营收约是百通的1.9倍（$1.4B vs $720.1M），百通净利率更高（9.4% vs 5.2%，领先4.3%），百通同比增速更快（8.1% vs 3.0%），百通自由现金流更多（$121.3M vs $-13.6M），过去两年百通的营收复合增速更高（15.9% 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。
百通公司是美国上市跨国企业，专注于端到端网络、安全及连接产品的设计、生产与销售，业务覆盖工业自动化解决方案、智能建筑、宽带及5G三大核心领域，为各行业客户提供可靠的通信连接相关产品与服务。
ASO vs BDC — 直观对比
营收规模更大
ASO
是对方的1.9倍
$720.1M
营收增速更快
BDC
高出5.1%
3.0%
净利率更高
BDC
高出4.3%
5.2%
自由现金流更多
BDC
多$134.8M
$-13.6M
两年增速更快
BDC
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $720.1M |
| 净利润 | $71.6M | $67.9M |
| 毛利率 | 35.7% | 36.6% |
| 营业利润率 | 7.3% | 12.2% |
| 净利率 | 5.2% | 9.4% |
| 营收同比 | 3.0% | 8.1% |
| 净利润同比 | 8.8% | 16.3% |
| 每股收益（稀释后） | $1.05 | $1.70 |
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ASOBDC
| Q4 25 | $1.4B | $720.1M | ||
| Q3 25 | $1.6B | $698.2M | ||
| Q2 25 | $1.4B | $672.0M | ||
| Q1 25 | $1.7B | $624.9M | ||
| Q4 24 | $1.3B | $666.0M | ||
| Q3 24 | $1.5B | $654.9M | ||
| Q2 24 | $1.4B | $604.3M | ||
| Q1 24 | $1.8B | $535.7M |
净利润ASOBDC
| Q4 25 | $71.6M | $67.9M | ||
| Q3 25 | $125.4M | $56.7M | ||
| Q2 25 | $46.1M | $61.0M | ||
| Q1 25 | $133.6M | $51.9M | ||
| Q4 24 | $65.8M | $58.4M | ||
| Q3 24 | $142.6M | $53.7M | ||
| Q2 24 | $76.5M | $49.0M | ||
| Q1 24 | $168.2M | $37.3M |
毛利率ASOBDC
| Q4 25 | 35.7% | 36.6% | ||
| Q3 25 | 36.0% | 37.7% | ||
| Q2 25 | 34.0% | 38.5% | ||
| Q1 25 | 32.2% | 39.3% | ||
| Q4 24 | 34.0% | 37.5% | ||
| Q3 24 | 36.1% | 37.3% | ||
| Q2 24 | 33.4% | 37.5% | ||
| Q1 24 | 33.3% | 37.6% |
营业利润率ASOBDC
| Q4 25 | 7.3% | 12.2% | ||
| Q3 25 | 10.8% | 10.9% | ||
| Q2 25 | 5.1% | 11.8% | ||
| Q1 25 | 9.2% | 11.6% | ||
| Q4 24 | 6.8% | 10.4% | ||
| Q3 24 | 12.3% | 11.5% | ||
| Q2 24 | 7.5% | 11.4% | ||
| Q1 24 | 11.4% | 9.9% |
净利率ASOBDC
| Q4 25 | 5.2% | 9.4% | ||
| Q3 25 | 7.8% | 8.1% | ||
| Q2 25 | 3.4% | 9.1% | ||
| Q1 25 | 8.0% | 8.3% | ||
| Q4 24 | 4.9% | 8.8% | ||
| Q3 24 | 9.2% | 8.2% | ||
| Q2 24 | 5.6% | 8.1% | ||
| Q1 24 | 9.4% | 7.0% |
每股收益（稀释后）ASOBDC
| Q4 25 | $1.05 | $1.70 | ||
| Q3 25 | $1.85 | $1.41 | ||
| Q2 25 | $0.68 | $1.53 | ||
| Q1 25 | $1.85 | $1.27 | ||
| Q4 24 | $0.92 | $1.41 | ||
| Q3 24 | $1.95 | $1.30 | ||
| Q2 24 | $1.01 | $1.19 | ||
| Q1 24 | $2.19 | $0.90 |
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 | $389.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $1.3B |
| 总资产 | $5.4B | $3.5B |
| 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ASOBDC
| Q4 25 | $289.5M | $389.9M | ||
| Q3 25 | $300.9M | $314.3M | ||
| Q2 25 | $285.1M | $301.5M | ||
| Q1 25 | $288.9M | $259.0M | ||
| Q4 24 | $296.0M | $370.3M | ||
| Q3 24 | $324.6M | $323.0M | ||
| Q2 24 | $378.1M | $564.8M | ||
| Q1 24 | $347.9M | $506.8M |
股东权益ASOBDC
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $2.0B | $1.2B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $2.0B | $1.2B |
总资产ASOBDC
| Q4 25 | $5.4B | $3.5B | ||
| Q3 25 | $5.3B | $3.4B | ||
| Q2 25 | $5.2B | $3.4B | ||
| Q1 25 | $4.9B | $3.3B | ||
| Q4 24 | $5.1B | $3.3B | ||
| Q3 24 | $4.9B | $3.3B | ||
| Q2 24 | $4.9B | $3.5B | ||
| Q1 24 | $4.7B | $3.1B |
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 | $160.4M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $121.3M |
| 自由现金流率自由现金流/营收 | -1.0% | 16.8% |
| 资本支出强度资本支出/营收 | 4.5% | 5.4% |
| 现金转化率经营现金流/净利润 | 0.68× | 2.36× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $218.7M |
8季度趋势，按日历期对齐
经营现金流ASOBDC
| Q4 25 | $49.0M | $160.4M | ||
| Q3 25 | $78.6M | $105.0M | ||
| Q2 25 | $157.5M | $82.0M | ||
| Q1 25 | $140.2M | $7.4M | ||
| Q4 24 | $96.9M | $174.7M | ||
| Q3 24 | $91.3M | $91.7M | ||
| Q2 24 | $199.7M | $83.0M | ||
| Q1 24 | $234.7M | $2.7M |
自由现金流ASOBDC
| Q4 25 | $-13.6M | $121.3M | ||
| Q3 25 | $21.8M | $65.3M | ||
| Q2 25 | $106.6M | $56.9M | ||
| Q1 25 | $76.4M | $-24.8M | ||
| Q4 24 | $34.4M | $116.4M | ||
| Q3 24 | $50.1M | $67.2M | ||
| Q2 24 | $167.4M | $61.0M | ||
| Q1 24 | $178.9M | $-21.5M |
自由现金流率ASOBDC
| Q4 25 | -1.0% | 16.8% | ||
| Q3 25 | 1.4% | 9.4% | ||
| Q2 25 | 7.9% | 8.5% | ||
| Q1 25 | 4.6% | -4.0% | ||
| Q4 24 | 2.6% | 17.5% | ||
| Q3 24 | 3.2% | 10.3% | ||
| Q2 24 | 12.3% | 10.1% | ||
| Q1 24 | 10.0% | -4.0% |
资本支出强度ASOBDC
| Q4 25 | 4.5% | 5.4% | ||
| Q3 25 | 3.5% | 5.7% | ||
| Q2 25 | 3.8% | 3.7% | ||
| Q1 25 | 3.8% | 5.2% | ||
| Q4 24 | 4.6% | 8.8% | ||
| Q3 24 | 2.7% | 3.7% | ||
| Q2 24 | 2.4% | 3.6% | ||
| Q1 24 | 3.1% | 4.5% |
现金转化率ASOBDC
| Q4 25 | 0.68× | 2.36× | ||
| Q3 25 | 0.63× | 1.85× | ||
| Q2 25 | 3.42× | 1.34× | ||
| Q1 25 | 1.05× | 0.14× | ||
| Q4 24 | 1.47× | 2.99× | ||
| Q3 24 | 0.64× | 1.71× | ||
| Q2 24 | 2.61× | 1.69× | ||
| Q1 24 | 1.40× | 0.07× |
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% |
BDC
| Automation Solutions Segment | $397.7M | 55% |
| Broadband Solutions | $164.8M | 23% |
| Smart Buildings Solutions | $157.7M | 22% |
