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Academy Sports & Outdoors, Inc.（ASO）与罗技（LOGI）财务数据对比。点击上方公司名可切换其他公司
罗技的季度营收约是Academy Sports & Outdoors, Inc.的1.0倍（$1.4B vs $1.4B），罗技净利率更高（17.7% vs 5.2%，领先12.5%），罗技同比增速更快（6.1% vs 3.0%），罗技自由现金流更多（$465.6M vs $-13.6M），过去两年罗技的营收复合增速更高（18.5% 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。
罗技国际是总部位于瑞士洛桑的跨国企业，专注于计算机外设及相关软件的研发与生产，在欧洲、亚洲、大洋洲、美洲均设有分支机构，为瑞士市场指数成分股，同时在纳斯达克交易所挂牌上市。
ASO vs LOGI — 直观对比
营收规模更大
LOGI
是对方的1.0倍
$1.4B
营收增速更快
LOGI
高出3.1%
3.0%
净利率更高
LOGI
高出12.5%
5.2%
自由现金流更多
LOGI
多$479.2M
$-13.6M
两年增速更快
LOGI
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $71.6M | $251.0M |
| 毛利率 | 35.7% | 43.2% |
| 营业利润率 | 7.3% | 20.1% |
| 净利率 | 5.2% | 17.7% |
| 营收同比 | 3.0% | 6.1% |
| 净利润同比 | 8.8% | 25.4% |
| 每股收益（稀释后） | $1.05 | $1.69 |
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ASOLOGI
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.8B | $1.0B |
净利润ASOLOGI
| Q4 25 | $71.6M | $251.0M | ||
| Q3 25 | $125.4M | $170.7M | ||
| Q2 25 | $46.1M | $146.0M | ||
| Q1 25 | $133.6M | $144.1M | ||
| Q4 24 | $65.8M | $200.1M | ||
| Q3 24 | $142.6M | $145.5M | ||
| Q2 24 | $76.5M | $141.8M | ||
| Q1 24 | $168.2M | $167.6M |
毛利率ASOLOGI
| Q4 25 | 35.7% | 43.2% | ||
| Q3 25 | 36.0% | 43.4% | ||
| Q2 25 | 34.0% | 41.7% | ||
| Q1 25 | 32.2% | 43.1% | ||
| Q4 24 | 34.0% | 42.9% | ||
| Q3 24 | 36.1% | 43.6% | ||
| Q2 24 | 33.4% | 42.8% | ||
| Q1 24 | 33.3% | 43.2% |
营业利润率ASOLOGI
| Q4 25 | 7.3% | 20.1% | ||
| Q3 25 | 10.8% | 16.1% | ||
| Q2 25 | 5.1% | 14.1% | ||
| Q1 25 | 9.2% | 10.5% | ||
| Q4 24 | 6.8% | 17.5% | ||
| Q3 24 | 12.3% | 14.4% | ||
| Q2 24 | 7.5% | 14.1% | ||
| Q1 24 | 11.4% | 12.9% |
净利率ASOLOGI
| Q4 25 | 5.2% | 17.7% | ||
| Q3 25 | 7.8% | 14.4% | ||
| Q2 25 | 3.4% | 12.7% | ||
| Q1 25 | 8.0% | 14.3% | ||
| Q4 24 | 4.9% | 14.9% | ||
| Q3 24 | 9.2% | 13.0% | ||
| Q2 24 | 5.6% | 13.0% | ||
| Q1 24 | 9.4% | 16.6% |
每股收益（稀释后）ASOLOGI
| Q4 25 | $1.05 | $1.69 | ||
| Q3 25 | $1.85 | $1.15 | ||
| Q2 25 | $0.68 | $0.98 | ||
| Q1 25 | $1.85 | $0.94 | ||
| Q4 24 | $0.92 | $1.32 | ||
| Q3 24 | $1.95 | $0.95 | ||
| Q2 24 | $1.01 | $0.92 | ||
| Q1 24 | $2.19 | $1.07 |
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 | $1.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $2.3B |
| 总资产 | $5.4B | $4.1B |
| 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ASOLOGI
| Q4 25 | $289.5M | $1.8B | ||
| Q3 25 | $300.9M | $1.4B | ||
| Q2 25 | $285.1M | $1.5B | ||
| Q1 25 | $288.9M | $1.5B | ||
| Q4 24 | $296.0M | $1.5B | ||
| Q3 24 | $324.6M | $1.4B | ||
| Q2 24 | $378.1M | $1.5B | ||
| Q1 24 | $347.9M | $1.5B |
股东权益ASOLOGI
| Q4 25 | $2.1B | $2.3B | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $2.0B | $2.1B | ||
| Q4 24 | $2.0B | $2.1B | ||
| Q3 24 | $2.0B | $2.1B | ||
| Q2 24 | $1.9B | $2.2B | ||
| Q1 24 | $2.0B | $2.2B |
总资产ASOLOGI
| Q4 25 | $5.4B | $4.1B | ||
| Q3 25 | $5.3B | $3.7B | ||
| Q2 25 | $5.2B | $3.7B | ||
| Q1 25 | $4.9B | $3.5B | ||
| Q4 24 | $5.1B | $3.7B | ||
| Q3 24 | $4.9B | $3.6B | ||
| Q2 24 | $4.9B | $3.7B | ||
| Q1 24 | $4.7B | $3.6B |
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 | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $465.6M |
| 自由现金流率自由现金流/营收 | -1.0% | 32.8% |
| 资本支出强度资本支出/营收 | 4.5% | 1.0% |
| 现金转化率经营现金流/净利润 | 0.68× | 1.91× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $903.6M |
8季度趋势，按日历期对齐
经营现金流ASOLOGI
| Q4 25 | $49.0M | $480.5M | ||
| Q3 25 | $78.6M | $228.8M | ||
| Q2 25 | $157.5M | $125.0M | ||
| Q1 25 | $140.2M | $129.7M | ||
| Q4 24 | $96.9M | $370.9M | ||
| Q3 24 | $91.3M | $166.0M | ||
| Q2 24 | $199.7M | $176.0M | ||
| Q1 24 | $234.7M | $239.1M |
自由现金流ASOLOGI
| Q4 25 | $-13.6M | $465.6M | ||
| Q3 25 | $21.8M | $212.3M | ||
| Q2 25 | $106.6M | $108.8M | ||
| Q1 25 | $76.4M | $116.9M | ||
| Q4 24 | $34.4M | $356.6M | ||
| Q3 24 | $50.1M | $151.5M | ||
| Q2 24 | $167.4M | $161.4M | ||
| Q1 24 | $178.9M | $228.8M |
自由现金流率ASOLOGI
| Q4 25 | -1.0% | 32.8% | ||
| Q3 25 | 1.4% | 17.9% | ||
| Q2 25 | 7.9% | 9.5% | ||
| Q1 25 | 4.6% | 11.6% | ||
| Q4 24 | 2.6% | 26.6% | ||
| Q3 24 | 3.2% | 13.6% | ||
| Q2 24 | 12.3% | 14.8% | ||
| Q1 24 | 10.0% | 22.6% |
资本支出强度ASOLOGI
| Q4 25 | 4.5% | 1.0% | ||
| Q3 25 | 3.5% | 1.4% | ||
| Q2 25 | 3.8% | 1.4% | ||
| Q1 25 | 3.8% | 1.3% | ||
| Q4 24 | 4.6% | 1.1% | ||
| Q3 24 | 2.7% | 1.3% | ||
| Q2 24 | 2.4% | 1.3% | ||
| Q1 24 | 3.1% | 1.0% |
现金转化率ASOLOGI
| Q4 25 | 0.68× | 1.91× | ||
| Q3 25 | 0.63× | 1.34× | ||
| Q2 25 | 3.42× | 0.86× | ||
| Q1 25 | 1.05× | 0.90× | ||
| Q4 24 | 1.47× | 1.85× | ||
| Q3 24 | 0.64× | 1.14× | ||
| Q2 24 | 2.61× | 1.24× | ||
| Q1 24 | 1.40× | 1.43× |
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% |
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
