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Academy Sports & Outdoors, Inc.（ASO）与Barnes & Noble Education, Inc.（BNED）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Barnes & Noble Education, Inc.的2.3倍（$1.4B vs $598.2M）。Academy Sports & Outdoors, Inc.净利率更高（5.2% vs 4.2%，领先1.0%）。Barnes & Noble Education, Inc.同比增速更快（6.9% vs 3.0%）。Barnes & Noble Education, Inc.自由现金流更多（$61.9M vs $-13.6M）。过去两年Barnes & Noble Education, Inc.的营收复合增速更高（20.0% 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。
巴诺教育旗下的巴诺书店是美国门店数量最多的图书零售商，目前在美国各地经营着七百多家线下实体门店，是美国本土颇具影响力的线下图书零售企业，深耕图书零售领域多年。
ASO vs BNED — 直观对比
损益表 — Q4 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $598.2M |
| 净利润 | $71.6M | $25.0M |
| 毛利率 | 35.7% | 21.7% |
| 营业利润率 | 7.3% | 6.8% |
| 净利率 | 5.2% | 4.2% |
| 营收同比 | 3.0% | 6.9% |
| 净利润同比 | 8.8% | -49.7% |
| 每股收益（稀释后） | $1.05 | $0.72 |
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
| Q4 25 | $1.4B | $598.2M | ||
| Q3 25 | $1.6B | $274.2M | ||
| Q2 25 | $1.4B | $233.0M | ||
| Q1 25 | $1.7B | $419.7M | ||
| Q4 24 | $1.3B | $559.7M | ||
| Q3 24 | $1.5B | $250.9M | ||
| Q2 24 | $1.4B | $192.7M | ||
| Q1 24 | $1.8B | $415.4M |
| Q4 25 | $71.6M | $25.0M | ||
| Q3 25 | $125.4M | $-18.3M | ||
| Q2 25 | $46.1M | $-23.0M | ||
| Q1 25 | $133.6M | $17.9M | ||
| Q4 24 | $65.8M | $43.2M | ||
| Q3 24 | $142.6M | $-103.9M | ||
| Q2 24 | $76.5M | $-41.9M | ||
| Q1 24 | $168.2M | $-9.3M |
| Q4 25 | 35.7% | 21.7% | ||
| Q3 25 | 36.0% | 20.2% | ||
| Q2 25 | 34.0% | 30.3% | ||
| Q1 25 | 32.2% | 22.3% | ||
| Q4 24 | 34.0% | 23.0% | ||
| Q3 24 | 36.1% | 17.9% | ||
| Q2 24 | 33.4% | 28.7% | ||
| Q1 24 | 33.3% | 24.2% |
| Q4 25 | 7.3% | 6.8% | ||
| Q3 25 | 10.8% | -8.4% | ||
| Q2 25 | 5.1% | -4.9% | ||
| Q1 25 | 9.2% | 4.5% | ||
| Q4 24 | 6.8% | 8.4% | ||
| Q3 24 | 12.3% | -15.4% | ||
| Q2 24 | 7.5% | -16.3% | ||
| Q1 24 | 11.4% | 0.4% |
| Q4 25 | 5.2% | 4.2% | ||
| Q3 25 | 7.8% | -6.7% | ||
| Q2 25 | 3.4% | -9.9% | ||
| Q1 25 | 8.0% | 4.3% | ||
| Q4 24 | 4.9% | 7.7% | ||
| Q3 24 | 9.2% | -41.4% | ||
| Q2 24 | 5.6% | -21.7% | ||
| Q1 24 | 9.4% | -2.2% |
| Q4 25 | $1.05 | $0.72 | ||
| Q3 25 | $1.85 | $-0.54 | ||
| Q2 25 | $0.68 | $2.97 | ||
| Q1 25 | $1.85 | $0.59 | ||
| Q4 24 | $0.92 | $1.63 | ||
| Q3 24 | $1.95 | $-7.69 | ||
| Q2 24 | $1.01 | $-15.68 | ||
| Q1 24 | $2.19 | $-3.49 |
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 | $11.7M |
| 总债务越低越好 | — | $122.5M |
| 股东权益账面价值 | $2.1B | $283.2M |
| 总资产 | $5.4B | $1.1B |
| 负债/权益比越低杠杆越低 | — | 0.43× |
8季度趋势，按日历期对齐
| Q4 25 | $289.5M | $11.7M | ||
| Q3 25 | $300.9M | $7.3M | ||
| Q2 25 | $285.1M | $9.1M | ||
| Q1 25 | $288.9M | $9.2M | ||
| Q4 24 | $296.0M | $11.6M | ||
| Q3 24 | $324.6M | $8.2M | ||
| Q2 24 | $378.1M | $10.5M | ||
| Q1 24 | $347.9M | $8.1M |
| Q4 25 | — | $122.5M | ||
| Q3 25 | — | $170.0M | ||
| Q2 25 | — | $103.1M | ||
| Q1 25 | — | $141.2M | ||
| Q4 24 | — | $177.6M | ||
| Q3 24 | — | $221.9M | ||
| Q2 24 | — | $196.3M | ||
| Q1 24 | — | $30.2M |
| Q4 25 | $2.1B | $283.2M | ||
| Q3 25 | $2.1B | $256.5M | ||
| Q2 25 | $1.9B | $272.2M | ||
| Q1 25 | $2.0B | $292.9M | ||
| Q4 24 | $2.0B | $211.4M | ||
| Q3 24 | $2.0B | $149.8M | ||
| Q2 24 | $1.9B | $80.4M | ||
| Q1 24 | $2.0B | $121.5M |
| Q4 25 | $5.4B | $1.1B | ||
| Q3 25 | $5.3B | $950.8M | ||
| Q2 25 | $5.2B | $790.3M | ||
| Q1 25 | $4.9B | $1.1B | ||
| Q4 24 | $5.1B | $1.0B | ||
| Q3 24 | $4.9B | $973.2M | ||
| Q2 24 | $4.9B | $909.9M | ||
| Q1 24 | $4.7B | $1.2B |
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.84× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 2.44× | ||
| Q1 24 | — | 0.25× |
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 | $66.2M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $61.9M |
| 自由现金流率自由现金流/营收 | -1.0% | 10.4% |
| 资本支出强度资本支出/营收 | 4.5% | 0.7% |
| 现金转化率经营现金流/净利润 | 0.68× | 2.65× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $-4.6M |
8季度趋势，按日历期对齐
| Q4 25 | $49.0M | $66.2M | ||
| Q3 25 | $78.6M | $-67.6M | ||
| Q2 25 | $157.5M | $52.6M | ||
| Q1 25 | $140.2M | $-41.9M | ||
| Q4 24 | $96.9M | $47.4M | ||
| Q3 24 | $91.3M | $-143.5M | ||
| Q2 24 | $199.7M | $81.7M | ||
| Q1 24 | $234.7M | $-35.8M |
| Q4 25 | $-13.6M | $61.9M | ||
| Q3 25 | $21.8M | $-71.3M | ||
| Q2 25 | $106.6M | $49.5M | ||
| Q1 25 | $76.4M | $-44.7M | ||
| Q4 24 | $34.4M | $44.4M | ||
| Q3 24 | $50.1M | $-147.5M | ||
| Q2 24 | $167.4M | $79.1M | ||
| Q1 24 | $178.9M | $-39.0M |
| Q4 25 | -1.0% | 10.4% | ||
| Q3 25 | 1.4% | -26.0% | ||
| Q2 25 | 7.9% | 21.3% | ||
| Q1 25 | 4.6% | -10.7% | ||
| Q4 24 | 2.6% | 7.9% | ||
| Q3 24 | 3.2% | -58.8% | ||
| Q2 24 | 12.3% | 41.1% | ||
| Q1 24 | 10.0% | -9.4% |
| Q4 25 | 4.5% | 0.7% | ||
| Q3 25 | 3.5% | 1.4% | ||
| Q2 25 | 3.8% | 1.3% | ||
| Q1 25 | 3.8% | 0.7% | ||
| Q4 24 | 4.6% | 0.5% | ||
| Q3 24 | 2.7% | 1.6% | ||
| Q2 24 | 2.4% | 1.4% | ||
| Q1 24 | 3.1% | 0.8% |
| Q4 25 | 0.68× | 2.65× | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 3.42× | — | ||
| Q1 25 | 1.05× | -2.34× | ||
| Q4 24 | 1.47× | 1.10× | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 2.61× | — | ||
| Q1 24 | 1.40× | — |
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% |
BNED
| Course Materials Product | $459.3M | 77% |
| General Merchandise Product | $112.9M | 19% |
| Serviceand Other | $26.1M | 4% |
