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Academy Sports & Outdoors, Inc.（ASO）与NetApp（NTAP）财务数据对比。点击上方公司名可切换其他公司
NetApp的季度营收约是Academy Sports & Outdoors, Inc.的1.2倍（$1.7B vs $1.4B），NetApp净利率更高（17.9% vs 5.2%，领先12.7%），Academy Sports & Outdoors, Inc.同比增速更快（3.0% vs 2.8%），NetApp自由现金流更多（$78.0M vs $-13.6M），过去两年NetApp的营收复合增速更高（3.0% 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。
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
ASO vs NTAP — 直观对比
营收规模更大
NTAP
是对方的1.2倍
$1.4B
营收增速更快
ASO
高出0.2%
2.8%
净利率更高
NTAP
高出12.7%
5.2%
自由现金流更多
NTAP
多$91.6M
$-13.6M
两年增速更快
NTAP
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.7B |
| 净利润 | $71.6M | $305.0M |
| 毛利率 | 35.7% | 72.0% |
| 营业利润率 | 7.3% | 23.4% |
| 净利率 | 5.2% | 17.9% |
| 营收同比 | 3.0% | 2.8% |
| 净利润同比 | 8.8% | 2.0% |
| 每股收益（稀释后） | $1.05 | $1.51 |
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ASONTAP
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.4B | $1.7B | ||
| Q1 24 | $1.8B | $1.6B |
净利润ASONTAP
| Q4 25 | $71.6M | $305.0M | ||
| Q3 25 | $125.4M | $233.0M | ||
| Q2 25 | $46.1M | $340.0M | ||
| Q1 25 | $133.6M | $299.0M | ||
| Q4 24 | $65.8M | $299.0M | ||
| Q3 24 | $142.6M | $248.0M | ||
| Q2 24 | $76.5M | $291.0M | ||
| Q1 24 | $168.2M | $313.0M |
毛利率ASONTAP
| Q4 25 | 35.7% | 72.0% | ||
| Q3 25 | 36.0% | 70.4% | ||
| Q2 25 | 34.0% | 68.9% | ||
| Q1 25 | 32.2% | 69.8% | ||
| Q4 24 | 34.0% | 71.0% | ||
| Q3 24 | 36.1% | 71.3% | ||
| Q2 24 | 33.4% | 70.5% | ||
| Q1 24 | 33.3% | 71.7% |
营业利润率ASONTAP
| Q4 25 | 7.3% | 23.4% | ||
| Q3 25 | 10.8% | 19.8% | ||
| Q2 25 | 5.1% | 20.1% | ||
| Q1 25 | 9.2% | 22.1% | ||
| Q4 24 | 6.8% | 20.8% | ||
| Q3 24 | 12.3% | 18.3% | ||
| Q2 24 | 7.5% | 21.9% | ||
| Q1 24 | 11.4% | 22.8% |
净利率ASONTAP
| Q4 25 | 5.2% | 17.9% | ||
| Q3 25 | 7.8% | 14.9% | ||
| Q2 25 | 3.4% | 19.6% | ||
| Q1 25 | 8.0% | 18.2% | ||
| Q4 24 | 4.9% | 18.0% | ||
| Q3 24 | 9.2% | 16.1% | ||
| Q2 24 | 5.6% | 17.4% | ||
| Q1 24 | 9.4% | 19.5% |
每股收益（稀释后）ASONTAP
| Q4 25 | $1.05 | $1.51 | ||
| Q3 25 | $1.85 | $1.15 | ||
| Q2 25 | $0.68 | $1.64 | ||
| Q1 25 | $1.85 | $1.44 | ||
| Q4 24 | $0.92 | $1.42 | ||
| Q3 24 | $1.95 | $1.17 | ||
| Q2 24 | $1.01 | $1.36 | ||
| Q1 24 | $2.19 | $1.48 |
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 | $3.0B |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $2.1B | $986.0M |
| 总资产 | $5.4B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.52× |
8季度趋势，按日历期对齐
现金及短期投资ASONTAP
| Q4 25 | $289.5M | $3.0B | ||
| Q3 25 | $300.9M | $3.3B | ||
| Q2 25 | $285.1M | $3.8B | ||
| Q1 25 | $288.9M | $2.3B | ||
| Q4 24 | $296.0M | $2.2B | ||
| Q3 24 | $324.6M | $3.0B | ||
| Q2 24 | $378.1M | $3.3B | ||
| Q1 24 | $347.9M | $2.9B |
总债务ASONTAP
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
股东权益ASONTAP
| Q4 25 | $2.1B | $986.0M | ||
| Q3 25 | $2.1B | $975.0M | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $2.0B | $995.0M | ||
| Q4 24 | $2.0B | $892.0M | ||
| Q3 24 | $2.0B | $929.0M | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $2.0B | $994.0M |
总资产ASONTAP
| Q4 25 | $5.4B | $9.6B | ||
| Q3 25 | $5.3B | $9.7B | ||
| Q2 25 | $5.2B | $10.8B | ||
| Q1 25 | $4.9B | $9.0B | ||
| Q4 24 | $5.1B | $9.0B | ||
| Q3 24 | $4.9B | $9.3B | ||
| Q2 24 | $4.9B | $9.9B | ||
| Q1 24 | $4.7B | $9.4B |
负债/权益比ASONTAP
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 2.55× | ||
| Q2 25 | — | 3.11× | ||
| Q1 25 | — | 2.00× | ||
| Q4 24 | — | 2.23× | ||
| Q3 24 | — | 2.58× | ||
| Q2 24 | — | 2.09× | ||
| Q1 24 | — | 2.41× |
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 | $127.0M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $78.0M |
| 自由现金流率自由现金流/营收 | -1.0% | 4.6% |
| 资本支出强度资本支出/营收 | 4.5% | 2.9% |
| 现金转化率经营现金流/净利润 | 0.68× | 0.42× |
| 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ASONTAP
| Q4 25 | $49.0M | $127.0M | ||
| Q3 25 | $78.6M | $673.0M | ||
| Q2 25 | $157.5M | — | ||
| Q1 25 | $140.2M | $385.0M | ||
| Q4 24 | $96.9M | — | ||
| Q3 24 | $91.3M | $341.0M | ||
| Q2 24 | $199.7M | $613.0M | ||
| Q1 24 | $234.7M | $484.0M |
自由现金流ASONTAP
| Q4 25 | $-13.6M | $78.0M | ||
| Q3 25 | $21.8M | $620.0M | ||
| Q2 25 | $106.6M | — | ||
| Q1 25 | $76.4M | $338.0M | ||
| Q4 24 | $34.4M | — | ||
| Q3 24 | $50.1M | $300.0M | ||
| Q2 24 | $167.4M | $567.0M | ||
| Q1 24 | $178.9M | $448.0M |
自由现金流率ASONTAP
| Q4 25 | -1.0% | 4.6% | ||
| Q3 25 | 1.4% | 39.8% | ||
| Q2 25 | 7.9% | — | ||
| Q1 25 | 4.6% | 20.6% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 3.2% | 19.5% | ||
| Q2 24 | 12.3% | 34.0% | ||
| Q1 24 | 10.0% | 27.9% |
资本支出强度ASONTAP
| Q4 25 | 4.5% | 2.9% | ||
| Q3 25 | 3.5% | 3.4% | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 3.8% | 2.9% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 2.7% | 2.7% | ||
| Q2 24 | 2.4% | 2.8% | ||
| Q1 24 | 3.1% | 2.2% |
现金转化率ASONTAP
| Q4 25 | 0.68× | 0.42× | ||
| Q3 25 | 0.63× | 2.89× | ||
| Q2 25 | 3.42× | — | ||
| Q1 25 | 1.05× | 1.29× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | 1.38× | ||
| Q2 24 | 2.61× | 2.11× | ||
| Q1 24 | 1.40× | 1.55× |
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% |
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
