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Academy Sports & Outdoors, Inc.（ASO）与DOCUSIGN, INC.（DOCU）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DOCUSIGN, INC.的1.7倍（$1.4B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 5.2%，领先5.1%），DOCUSIGN, INC.同比增速更快（8.4% vs 3.0%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-13.6M）
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。
DocuSign是总部位于美国加利福尼亚州旧金山的软件企业，为各类机构提供多设备支持的电子协议管理及电子签名相关产品。截至2025年，公司在180个国家拥有约170万客户，其处理的签名符合美国ESIGN法案、欧盟eIDAS法规要求，满足欧盟高级及合格签名标准。
ASO vs DOCU — 直观对比
营收规模更大
ASO
是对方的1.7倍
$818.4M
营收增速更快
DOCU
高出5.4%
3.0%
净利率更高
DOCU
高出5.1%
5.2%
自由现金流更多
DOCU
多$276.5M
$-13.6M
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $818.4M |
| 净利润 | $71.6M | $83.7M |
| 毛利率 | 35.7% | 79.2% |
| 营业利润率 | 7.3% | 10.4% |
| 净利率 | 5.2% | 10.2% |
| 营收同比 | 3.0% | 8.4% |
| 净利润同比 | 8.8% | 34.1% |
| 每股收益（稀释后） | $1.05 | $0.40 |
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ASODOCU
| Q4 25 | $1.4B | $818.4M | ||
| Q3 25 | $1.6B | $800.6M | ||
| Q2 25 | $1.4B | $763.7M | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.8B | — |
净利润ASODOCU
| Q4 25 | $71.6M | $83.7M | ||
| Q3 25 | $125.4M | $63.0M | ||
| Q2 25 | $46.1M | $72.1M | ||
| Q1 25 | $133.6M | — | ||
| Q4 24 | $65.8M | — | ||
| Q3 24 | $142.6M | — | ||
| Q2 24 | $76.5M | — | ||
| Q1 24 | $168.2M | — |
毛利率ASODOCU
| Q4 25 | 35.7% | 79.2% | ||
| Q3 25 | 36.0% | 79.3% | ||
| Q2 25 | 34.0% | 79.4% | ||
| 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ASODOCU
| Q4 25 | 7.3% | 10.4% | ||
| Q3 25 | 10.8% | 8.1% | ||
| Q2 25 | 5.1% | 7.9% | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | 11.4% | — |
净利率ASODOCU
| Q4 25 | 5.2% | 10.2% | ||
| Q3 25 | 7.8% | 7.9% | ||
| Q2 25 | 3.4% | 9.4% | ||
| Q1 25 | 8.0% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 5.6% | — | ||
| Q1 24 | 9.4% | — |
每股收益（稀释后）ASODOCU
| Q4 25 | $1.05 | $0.40 | ||
| Q3 25 | $1.85 | $0.30 | ||
| Q2 25 | $0.68 | $0.34 | ||
| Q1 25 | $1.85 | — | ||
| Q4 24 | $0.92 | — | ||
| Q3 24 | $1.95 | — | ||
| Q2 24 | $1.01 | — | ||
| Q1 24 | $2.19 | — |
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 | $583.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $2.0B |
| 总资产 | $5.4B | $4.0B |
| 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ASODOCU
| Q4 25 | $289.5M | $583.3M | ||
| Q3 25 | $300.9M | $600.0M | ||
| Q2 25 | $285.1M | $657.4M | ||
| Q1 25 | $288.9M | — | ||
| Q4 24 | $296.0M | — | ||
| Q3 24 | $324.6M | — | ||
| Q2 24 | $378.1M | — | ||
| Q1 24 | $347.9M | — |
股东权益ASODOCU
| Q4 25 | $2.1B | $2.0B | ||
| Q3 25 | $2.1B | $2.0B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.0B | — |
总资产ASODOCU
| Q4 25 | $5.4B | $4.0B | ||
| Q3 25 | $5.3B | $3.9B | ||
| Q2 25 | $5.2B | $3.9B | ||
| Q1 25 | $4.9B | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $4.9B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $4.7B | — |
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 | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $262.9M |
| 自由现金流率自由现金流/营收 | -1.0% | 32.1% |
| 资本支出强度资本支出/营收 | 4.5% | 3.3% |
| 现金转化率经营现金流/净利润 | 0.68× | 3.47× |
| 过去12个月自由现金流最近4个季度 | $191.4M | — |
8季度趋势，按日历期对齐
经营现金流ASODOCU
| Q4 25 | $49.0M | $290.3M | ||
| Q3 25 | $78.6M | $246.1M | ||
| Q2 25 | $157.5M | $251.4M | ||
| Q1 25 | $140.2M | — | ||
| Q4 24 | $96.9M | — | ||
| Q3 24 | $91.3M | — | ||
| Q2 24 | $199.7M | — | ||
| Q1 24 | $234.7M | — |
自由现金流ASODOCU
| Q4 25 | $-13.6M | $262.9M | ||
| Q3 25 | $21.8M | $217.6M | ||
| Q2 25 | $106.6M | $227.8M | ||
| Q1 25 | $76.4M | — | ||
| Q4 24 | $34.4M | — | ||
| Q3 24 | $50.1M | — | ||
| Q2 24 | $167.4M | — | ||
| Q1 24 | $178.9M | — |
自由现金流率ASODOCU
| Q4 25 | -1.0% | 32.1% | ||
| Q3 25 | 1.4% | 27.2% | ||
| Q2 25 | 7.9% | 29.8% | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 10.0% | — |
资本支出强度ASODOCU
| Q4 25 | 4.5% | 3.3% | ||
| Q3 25 | 3.5% | 3.6% | ||
| Q2 25 | 3.8% | 3.1% | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 3.1% | — |
现金转化率ASODOCU
| Q4 25 | 0.68× | 3.47× | ||
| Q3 25 | 0.63× | 3.91× | ||
| Q2 25 | 3.42× | 3.49× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | — | ||
| 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% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
