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Academy Sports & Outdoors, Inc.（ASO）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
Academy Sports & Outdoors, Inc.的季度营收约是美森的1.6倍（$1.4B vs $851.9M），美森净利率更高（16.8% vs 5.2%，领先11.6%），Academy Sports & Outdoors, Inc.同比增速更快（3.0% vs -4.3%），美森自由现金流更多（$42.2M vs $-13.6M），过去两年美森的营收复合增速更高（8.6% 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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
ASO vs MATX — 直观对比
营收规模更大
ASO
是对方的1.6倍
$851.9M
营收增速更快
ASO
高出7.3%
-4.3%
净利率更高
MATX
高出11.6%
5.2%
自由现金流更多
MATX
多$55.8M
$-13.6M
两年增速更快
MATX
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $851.9M |
| 净利润 | $71.6M | $143.1M |
| 毛利率 | 35.7% | — |
| 营业利润率 | 7.3% | 16.9% |
| 净利率 | 5.2% | 16.8% |
| 营收同比 | 3.0% | -4.3% |
| 净利润同比 | 8.8% | 11.8% |
| 每股收益（稀释后） | $1.05 | $4.47 |
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ASOMATX
| Q4 25 | $1.4B | $851.9M | ||
| Q3 25 | $1.6B | $880.1M | ||
| Q2 25 | $1.4B | $830.5M | ||
| Q1 25 | $1.7B | $782.0M | ||
| Q4 24 | $1.3B | $890.3M | ||
| Q3 24 | $1.5B | $962.0M | ||
| Q2 24 | $1.4B | $847.4M | ||
| Q1 24 | $1.8B | $722.1M |
净利润ASOMATX
| Q4 25 | $71.6M | $143.1M | ||
| Q3 25 | $125.4M | $134.7M | ||
| Q2 25 | $46.1M | $94.7M | ||
| Q1 25 | $133.6M | $72.3M | ||
| Q4 24 | $65.8M | $128.0M | ||
| Q3 24 | $142.6M | $199.1M | ||
| Q2 24 | $76.5M | $113.2M | ||
| Q1 24 | $168.2M | $36.1M |
毛利率ASOMATX
| Q4 25 | 35.7% | — | ||
| Q3 25 | 36.0% | — | ||
| Q2 25 | 34.0% | — | ||
| 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ASOMATX
| Q4 25 | 7.3% | 16.9% | ||
| Q3 25 | 10.8% | 18.3% | ||
| Q2 25 | 5.1% | 13.6% | ||
| Q1 25 | 9.2% | 10.5% | ||
| Q4 24 | 6.8% | 16.6% | ||
| Q3 24 | 12.3% | 25.2% | ||
| Q2 24 | 7.5% | 14.7% | ||
| Q1 24 | 11.4% | 5.1% |
净利率ASOMATX
| Q4 25 | 5.2% | 16.8% | ||
| Q3 25 | 7.8% | 15.3% | ||
| Q2 25 | 3.4% | 11.4% | ||
| Q1 25 | 8.0% | 9.2% | ||
| Q4 24 | 4.9% | 14.4% | ||
| Q3 24 | 9.2% | 20.7% | ||
| Q2 24 | 5.6% | 13.4% | ||
| Q1 24 | 9.4% | 5.0% |
每股收益（稀释后）ASOMATX
| Q4 25 | $1.05 | $4.47 | ||
| Q3 25 | $1.85 | $4.24 | ||
| Q2 25 | $0.68 | $2.92 | ||
| Q1 25 | $1.85 | $2.18 | ||
| Q4 24 | $0.92 | $3.69 | ||
| Q3 24 | $1.95 | $5.89 | ||
| Q2 24 | $1.01 | $3.31 | ||
| Q1 24 | $2.19 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $2.1B | $2.8B |
| 总资产 | $5.4B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资ASOMATX
| Q4 25 | $289.5M | $141.9M | ||
| Q3 25 | $300.9M | $92.7M | ||
| Q2 25 | $285.1M | $59.1M | ||
| Q1 25 | $288.9M | $122.0M | ||
| Q4 24 | $296.0M | $266.8M | ||
| Q3 24 | $324.6M | $270.3M | ||
| Q2 24 | $378.1M | $168.2M | ||
| Q1 24 | $347.9M | $25.9M |
总债务ASOMATX
| Q4 25 | — | $361.2M | ||
| Q3 25 | — | $370.9M | ||
| Q2 25 | — | $341.3M | ||
| Q1 25 | — | $351.1M | ||
| Q4 24 | — | $361.2M | ||
| Q3 24 | — | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益ASOMATX
| Q4 25 | $2.1B | $2.8B | ||
| Q3 25 | $2.1B | $2.7B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $2.0B | $2.6B | ||
| Q4 24 | $2.0B | $2.7B | ||
| Q3 24 | $2.0B | $2.6B | ||
| Q2 24 | $1.9B | $2.4B | ||
| Q1 24 | $2.0B | $2.4B |
总资产ASOMATX
| Q4 25 | $5.4B | $4.6B | ||
| Q3 25 | $5.3B | $4.6B | ||
| Q2 25 | $5.2B | $4.5B | ||
| Q1 25 | $4.9B | $4.5B | ||
| Q4 24 | $5.1B | $4.6B | ||
| Q3 24 | $4.9B | $4.4B | ||
| Q2 24 | $4.9B | $4.3B | ||
| Q1 24 | $4.7B | $4.2B |
负债/权益比ASOMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $42.2M |
| 自由现金流率自由现金流/营收 | -1.0% | 5.0% |
| 资本支出强度资本支出/营收 | 4.5% | 15.8% |
| 现金转化率经营现金流/净利润 | 0.68× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $153.7M |
8季度趋势，按日历期对齐
经营现金流ASOMATX
| Q4 25 | $49.0M | $176.9M | ||
| Q3 25 | $78.6M | $175.6M | ||
| Q2 25 | $157.5M | $105.6M | ||
| Q1 25 | $140.2M | $89.0M | ||
| Q4 24 | $96.9M | $174.7M | ||
| Q3 24 | $91.3M | $248.6M | ||
| Q2 24 | $199.7M | $307.9M | ||
| Q1 24 | $234.7M | $36.6M |
自由现金流ASOMATX
| Q4 25 | $-13.6M | $42.2M | ||
| Q3 25 | $21.8M | $92.4M | ||
| Q2 25 | $106.6M | $19.3M | ||
| Q1 25 | $76.4M | $-200.0K | ||
| Q4 24 | $34.4M | $49.3M | ||
| Q3 24 | $50.1M | $189.0M | ||
| Q2 24 | $167.4M | $238.1M | ||
| Q1 24 | $178.9M | $-18.7M |
自由现金流率ASOMATX
| Q4 25 | -1.0% | 5.0% | ||
| Q3 25 | 1.4% | 10.5% | ||
| Q2 25 | 7.9% | 2.3% | ||
| Q1 25 | 4.6% | -0.0% | ||
| Q4 24 | 2.6% | 5.5% | ||
| Q3 24 | 3.2% | 19.6% | ||
| Q2 24 | 12.3% | 28.1% | ||
| Q1 24 | 10.0% | -2.6% |
资本支出强度ASOMATX
| Q4 25 | 4.5% | 15.8% | ||
| Q3 25 | 3.5% | 9.5% | ||
| Q2 25 | 3.8% | 10.4% | ||
| Q1 25 | 3.8% | 11.4% | ||
| Q4 24 | 4.6% | 14.1% | ||
| Q3 24 | 2.7% | 6.2% | ||
| Q2 24 | 2.4% | 8.2% | ||
| Q1 24 | 3.1% | 7.7% |
现金转化率ASOMATX
| Q4 25 | 0.68× | 1.24× | ||
| Q3 25 | 0.63× | 1.30× | ||
| Q2 25 | 3.42× | 1.12× | ||
| Q1 25 | 1.05× | 1.23× | ||
| Q4 24 | 1.47× | 1.36× | ||
| Q3 24 | 0.64× | 1.25× | ||
| Q2 24 | 2.61× | 2.72× | ||
| Q1 24 | 1.40× | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
