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Academy Sports & Outdoors, Inc.（ASO）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
Academy Sports & Outdoors, Inc.的季度营收约是美泰的1.6倍（$1.4B vs $862.2M），美泰净利率更高（7.1% vs 5.2%，领先1.9%），美泰同比增速更快（4.3% vs 3.0%），Academy Sports & Outdoors, Inc.自由现金流更多（$-13.6M vs $-88.1M），过去两年美泰的营收复合增速更高（-10.6% 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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
ASO vs MAT — 直观对比
营收规模更大
ASO
是对方的1.6倍
$862.2M
营收增速更快
MAT
高出1.3%
3.0%
净利率更高
MAT
高出1.9%
5.2%
自由现金流更多
ASO
多$74.5M
$-88.1M
两年增速更快
MAT
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $862.2M |
| 净利润 | $71.6M | $61.0M |
| 毛利率 | 35.7% | 44.9% |
| 营业利润率 | 7.3% | — |
| 净利率 | 5.2% | 7.1% |
| 营收同比 | 3.0% | 4.3% |
| 净利润同比 | 8.8% | 251.4% |
| 每股收益（稀释后） | $1.05 | $0.20 |
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ASOMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.7B | $826.6M | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.4B | $1.1B |
净利润ASOMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $71.6M | $106.2M | ||
| Q3 25 | $125.4M | $278.4M | ||
| Q2 25 | $46.1M | $53.4M | ||
| Q1 25 | $133.6M | $-40.3M | ||
| Q4 24 | $65.8M | $140.9M | ||
| Q3 24 | $142.6M | $372.4M | ||
| Q2 24 | $76.5M | $56.9M |
毛利率ASOMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 35.7% | 45.9% | ||
| Q3 25 | 36.0% | 50.0% | ||
| Q2 25 | 34.0% | 50.9% | ||
| Q1 25 | 32.2% | 49.4% | ||
| Q4 24 | 34.0% | 50.7% | ||
| Q3 24 | 36.1% | 53.1% | ||
| Q2 24 | 33.4% | 49.2% |
营业利润率ASOMAT
| Q1 26 | — | — | ||
| Q4 25 | 7.3% | 8.0% | ||
| Q3 25 | 10.8% | 21.9% | ||
| Q2 25 | 5.1% | 7.7% | ||
| Q1 25 | 9.2% | -6.4% | ||
| Q4 24 | 6.8% | 9.6% | ||
| Q3 24 | 12.3% | 26.5% | ||
| Q2 24 | 7.5% | 7.7% |
净利率ASOMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 5.2% | 6.0% | ||
| Q3 25 | 7.8% | 16.0% | ||
| Q2 25 | 3.4% | 5.2% | ||
| Q1 25 | 8.0% | -4.9% | ||
| Q4 24 | 4.9% | 8.6% | ||
| Q3 24 | 9.2% | 20.2% | ||
| Q2 24 | 5.6% | 5.3% |
每股收益（稀释后）ASOMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $1.05 | $0.32 | ||
| Q3 25 | $1.85 | $0.88 | ||
| Q2 25 | $0.68 | $0.16 | ||
| Q1 25 | $1.85 | $-0.12 | ||
| Q4 24 | $0.92 | $0.40 | ||
| Q3 24 | $1.95 | $1.09 | ||
| Q2 24 | $1.01 | $0.17 |
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 | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.1B | $2.1B |
| 总资产 | $5.4B | $6.3B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资ASOMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $289.5M | $1.2B | ||
| Q3 25 | $300.9M | $691.9M | ||
| Q2 25 | $285.1M | $870.5M | ||
| Q1 25 | $288.9M | $1.2B | ||
| Q4 24 | $296.0M | $1.4B | ||
| Q3 24 | $324.6M | $723.5M | ||
| Q2 24 | $378.1M | $722.4M |
总债务ASOMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益ASOMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $2.1B | $2.3B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $2.0B | $2.1B | ||
| Q4 24 | $2.0B | $2.3B | ||
| Q3 24 | $2.0B | $2.3B | ||
| Q2 24 | $1.9B | $2.0B |
总资产ASOMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $5.4B | $6.6B | ||
| Q3 25 | $5.3B | $6.6B | ||
| Q2 25 | $5.2B | $6.2B | ||
| Q1 25 | $4.9B | $6.2B | ||
| Q4 24 | $5.1B | $6.5B | ||
| Q3 24 | $4.9B | $6.5B | ||
| Q2 24 | $4.9B | $5.9B |
负债/权益比ASOMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.18× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $-88.1M |
| 自由现金流率自由现金流/营收 | -1.0% | -10.2% |
| 资本支出强度资本支出/营收 | 4.5% | 7.6% |
| 现金转化率经营现金流/净利润 | 0.68× | — |
| 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ASOMAT
| Q1 26 | — | — | ||
| Q4 25 | $49.0M | $796.6M | ||
| Q3 25 | $78.6M | $72.0M | ||
| Q2 25 | $157.5M | $-300.1M | ||
| Q1 25 | $140.2M | $24.8M | ||
| Q4 24 | $96.9M | $862.1M | ||
| Q3 24 | $91.3M | $155.8M | ||
| Q2 24 | $199.7M | $-252.9M |
自由现金流ASOMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $-13.6M | — | ||
| Q3 25 | $21.8M | — | ||
| Q2 25 | $106.6M | — | ||
| Q1 25 | $76.4M | — | ||
| Q4 24 | $34.4M | — | ||
| Q3 24 | $50.1M | — | ||
| Q2 24 | $167.4M | — |
自由现金流率ASOMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | -1.0% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 7.9% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 12.3% | — |
资本支出强度ASOMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 4.5% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.4% | — |
现金转化率ASOMAT
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 7.50× | ||
| Q3 25 | 0.63× | 0.26× | ||
| Q2 25 | 3.42× | -5.62× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | 6.12× | ||
| Q3 24 | 0.64× | 0.42× | ||
| Q2 24 | 2.61× | -4.45× |
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% |
MAT
暂无分部数据
