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Academy Sports & Outdoors, Inc.（ASO）与Martin Marietta Materials（MLM）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Martin Marietta Materials的1.2倍（$1.4B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 5.2%，领先19.3%），Academy Sports & Outdoors, Inc.同比增速更快（3.0% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $-13.6M），过去两年Martin Marietta Materials的营收复合增速更高（-4.5% 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。
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
ASO vs MLM — 直观对比
营收规模更大
ASO
是对方的1.2倍
$1.1B
营收增速更快
ASO
高出33.2%
-30.1%
净利率更高
MLM
高出19.3%
5.2%
自由现金流更多
MLM
多$437.6M
$-13.6M
两年增速更快
MLM
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.1B |
| 净利润 | $71.6M | $279.0M |
| 毛利率 | 35.7% | 35.0% |
| 营业利润率 | 7.3% | 24.6% |
| 净利率 | 5.2% | 24.5% |
| 营收同比 | 3.0% | -30.1% |
| 净利润同比 | 8.8% | -4.8% |
| 每股收益（稀释后） | $1.05 | $4.59 |
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ASOMLM
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.5B | $1.9B | ||
| Q2 24 | $1.4B | $1.8B | ||
| Q1 24 | $1.8B | $1.3B |
净利润ASOMLM
| Q4 25 | $71.6M | $279.0M | ||
| Q3 25 | $125.4M | $414.0M | ||
| Q2 25 | $46.1M | $328.0M | ||
| Q1 25 | $133.6M | $116.0M | ||
| Q4 24 | $65.8M | $293.0M | ||
| Q3 24 | $142.6M | $363.0M | ||
| Q2 24 | $76.5M | $294.0M | ||
| Q1 24 | $168.2M | $1.0B |
毛利率ASOMLM
| Q4 25 | 35.7% | 35.0% | ||
| Q3 25 | 36.0% | 33.1% | ||
| Q2 25 | 34.0% | 30.0% | ||
| Q1 25 | 32.2% | 24.8% | ||
| Q4 24 | 34.0% | 30.0% | ||
| Q3 24 | 36.1% | 31.7% | ||
| Q2 24 | 33.4% | 29.3% | ||
| Q1 24 | 33.3% | 21.7% |
营业利润率ASOMLM
| Q4 25 | 7.3% | 24.6% | ||
| Q3 25 | 10.8% | 27.4% | ||
| Q2 25 | 5.1% | 25.3% | ||
| Q1 25 | 9.2% | 14.3% | ||
| Q4 24 | 6.8% | 24.4% | ||
| Q3 24 | 12.3% | 25.9% | ||
| Q2 24 | 7.5% | 22.6% | ||
| Q1 24 | 11.4% | — |
净利率ASOMLM
| Q4 25 | 5.2% | 24.5% | ||
| Q3 25 | 7.8% | 22.4% | ||
| Q2 25 | 3.4% | 18.1% | ||
| Q1 25 | 8.0% | 8.6% | ||
| Q4 24 | 4.9% | 18.0% | ||
| Q3 24 | 9.2% | 19.2% | ||
| Q2 24 | 5.6% | 16.7% | ||
| Q1 24 | 9.4% | 83.5% |
每股收益（稀释后）ASOMLM
| Q4 25 | $1.05 | $4.59 | ||
| Q3 25 | $1.85 | $6.85 | ||
| Q2 25 | $0.68 | $5.43 | ||
| Q1 25 | $1.85 | $1.90 | ||
| Q4 24 | $0.92 | $4.87 | ||
| Q3 24 | $1.95 | $5.91 | ||
| Q2 24 | $1.01 | $4.76 | ||
| Q1 24 | $2.19 | $16.87 |
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 | $67.0M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $2.1B | $10.0B |
| 总资产 | $5.4B | $18.7B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资ASOMLM
| Q4 25 | $289.5M | $67.0M | ||
| Q3 25 | $300.9M | $57.0M | ||
| Q2 25 | $285.1M | $225.0M | ||
| Q1 25 | $288.9M | $101.0M | ||
| Q4 24 | $296.0M | $670.0M | ||
| Q3 24 | $324.6M | $52.0M | ||
| Q2 24 | $378.1M | $109.0M | ||
| Q1 24 | $347.9M | $2.6B |
总债务ASOMLM
| Q4 25 | — | $5.3B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
股东权益ASOMLM
| Q4 25 | $2.1B | $10.0B | ||
| Q3 25 | $2.1B | $9.7B | ||
| Q2 25 | $1.9B | $9.4B | ||
| Q1 25 | $2.0B | $9.1B | ||
| Q4 24 | $2.0B | $9.5B | ||
| Q3 24 | $2.0B | $9.2B | ||
| Q2 24 | $1.9B | $8.8B | ||
| Q1 24 | $2.0B | $8.9B |
总资产ASOMLM
| Q4 25 | $5.4B | $18.7B | ||
| Q3 25 | $5.3B | $18.7B | ||
| Q2 25 | $5.2B | $18.1B | ||
| Q1 25 | $4.9B | $17.7B | ||
| Q4 24 | $5.1B | $18.2B | ||
| Q3 24 | $4.9B | $16.5B | ||
| Q2 24 | $4.9B | $16.3B | ||
| Q1 24 | $4.7B | $16.2B |
负债/权益比ASOMLM
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | — | 0.49× |
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 | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $424.0M |
| 自由现金流率自由现金流/营收 | -1.0% | 37.2% |
| 资本支出强度资本支出/营收 | 4.5% | 18.0% |
| 现金转化率经营现金流/净利润 | 0.68× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $978.0M |
8季度趋势，按日历期对齐
经营现金流ASOMLM
| Q4 25 | $49.0M | $629.0M | ||
| Q3 25 | $78.6M | $551.0M | ||
| Q2 25 | $157.5M | $387.0M | ||
| Q1 25 | $140.2M | $218.0M | ||
| Q4 24 | $96.9M | $686.0M | ||
| Q3 24 | $91.3M | $600.0M | ||
| Q2 24 | $199.7M | $1.0M | ||
| Q1 24 | $234.7M | $172.0M |
自由现金流ASOMLM
| Q4 25 | $-13.6M | $424.0M | ||
| Q3 25 | $21.8M | $361.0M | ||
| Q2 25 | $106.6M | $208.0M | ||
| Q1 25 | $76.4M | $-15.0M | ||
| Q4 24 | $34.4M | $453.0M | ||
| Q3 24 | $50.1M | $317.0M | ||
| Q2 24 | $167.4M | $-138.0M | ||
| Q1 24 | $178.9M | $-28.0M |
自由现金流率ASOMLM
| Q4 25 | -1.0% | 37.2% | ||
| Q3 25 | 1.4% | 19.6% | ||
| Q2 25 | 7.9% | 11.5% | ||
| Q1 25 | 4.6% | -1.1% | ||
| Q4 24 | 2.6% | 27.8% | ||
| Q3 24 | 3.2% | 16.8% | ||
| Q2 24 | 12.3% | -7.8% | ||
| Q1 24 | 10.0% | -2.2% |
资本支出强度ASOMLM
| Q4 25 | 4.5% | 18.0% | ||
| Q3 25 | 3.5% | 10.3% | ||
| Q2 25 | 3.8% | 9.9% | ||
| Q1 25 | 3.8% | 17.2% | ||
| Q4 24 | 4.6% | 14.3% | ||
| Q3 24 | 2.7% | 15.0% | ||
| Q2 24 | 2.4% | 7.9% | ||
| Q1 24 | 3.1% | 16.0% |
现金转化率ASOMLM
| Q4 25 | 0.68× | 2.25× | ||
| Q3 25 | 0.63× | 1.33× | ||
| Q2 25 | 3.42× | 1.18× | ||
| Q1 25 | 1.05× | 1.88× | ||
| Q4 24 | 1.47× | 2.34× | ||
| Q3 24 | 0.64× | 1.65× | ||
| Q2 24 | 2.61× | 0.00× | ||
| Q1 24 | 1.40× | 0.16× |
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% |
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
