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Academy Sports & Outdoors, Inc.（ASO）与欧文斯科宁（OC）财务数据对比。点击上方公司名可切换其他公司
欧文斯科宁的季度营收约是Academy Sports & Outdoors, Inc.的1.5倍（$2.1B vs $1.4B），Academy Sports & Outdoors, Inc.净利率更高（5.2% vs -13.9%，领先19.1%），Academy Sports & Outdoors, Inc.同比增速更快（3.0% vs -24.6%），欧文斯科宁自由现金流更多（$333.0M vs $-13.6M），过去两年欧文斯科宁的营收复合增速更高（-3.5% 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。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
ASO vs OC — 直观对比
营收规模更大
OC
是对方的1.5倍
$1.4B
营收增速更快
ASO
高出27.6%
-24.6%
净利率更高
ASO
高出19.1%
-13.9%
自由现金流更多
OC
多$346.6M
$-13.6M
两年增速更快
OC
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.1B |
| 净利润 | $71.6M | $-298.0M |
| 毛利率 | 35.7% | 23.2% |
| 营业利润率 | 7.3% | -10.5% |
| 净利率 | 5.2% | -13.9% |
| 营收同比 | 3.0% | -24.6% |
| 净利润同比 | 8.8% | -15.5% |
| 每股收益（稀释后） | $1.05 | $-3.47 |
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ASOOC
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $1.6B | $2.7B | ||
| Q2 25 | $1.4B | $2.7B | ||
| Q1 25 | $1.7B | $2.5B | ||
| Q4 24 | $1.3B | $2.8B | ||
| Q3 24 | $1.5B | $3.0B | ||
| Q2 24 | $1.4B | $2.8B | ||
| Q1 24 | $1.8B | $2.3B |
净利润ASOOC
| Q4 25 | $71.6M | $-298.0M | ||
| Q3 25 | $125.4M | $-494.0M | ||
| Q2 25 | $46.1M | $363.0M | ||
| Q1 25 | $133.6M | $-93.0M | ||
| Q4 24 | $65.8M | $-258.0M | ||
| Q3 24 | $142.6M | $321.0M | ||
| Q2 24 | $76.5M | $285.0M | ||
| Q1 24 | $168.2M | $299.0M |
毛利率ASOOC
| Q4 25 | 35.7% | 23.2% | ||
| Q3 25 | 36.0% | 28.2% | ||
| Q2 25 | 34.0% | 31.2% | ||
| Q1 25 | 32.2% | 28.7% | ||
| Q4 24 | 34.0% | 28.1% | ||
| Q3 24 | 36.1% | 29.8% | ||
| Q2 24 | 33.4% | 31.1% | ||
| Q1 24 | 33.3% | 29.6% |
营业利润率ASOOC
| Q4 25 | 7.3% | -10.5% | ||
| Q3 25 | 10.8% | -12.2% | ||
| Q2 25 | 5.1% | 18.4% | ||
| Q1 25 | 9.2% | 16.1% | ||
| Q4 24 | 6.8% | -8.5% | ||
| Q3 24 | 12.3% | 16.7% | ||
| Q2 24 | 7.5% | 16.4% | ||
| Q1 24 | 11.4% | 17.5% |
净利率ASOOC
| Q4 25 | 5.2% | -13.9% | ||
| Q3 25 | 7.8% | -18.4% | ||
| Q2 25 | 3.4% | 13.2% | ||
| Q1 25 | 8.0% | -3.7% | ||
| Q4 24 | 4.9% | -9.1% | ||
| Q3 24 | 9.2% | 10.5% | ||
| Q2 24 | 5.6% | 10.2% | ||
| Q1 24 | 9.4% | 13.0% |
每股收益（稀释后）ASOOC
| Q4 25 | $1.05 | $-3.47 | ||
| Q3 25 | $1.85 | $-5.92 | ||
| Q2 25 | $0.68 | $4.25 | ||
| Q1 25 | $1.85 | $-1.08 | ||
| Q4 24 | $0.92 | $-2.92 | ||
| Q3 24 | $1.95 | $3.65 | ||
| Q2 24 | $1.01 | $3.24 | ||
| Q1 24 | $2.19 | $3.40 |
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 | $345.0M |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $2.1B | $3.9B |
| 总资产 | $5.4B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资ASOOC
| Q4 25 | $289.5M | $345.0M | ||
| Q3 25 | $300.9M | $286.0M | ||
| Q2 25 | $285.1M | $230.0M | ||
| Q1 25 | $288.9M | $400.0M | ||
| Q4 24 | $296.0M | $361.0M | ||
| Q3 24 | $324.6M | $499.0M | ||
| Q2 24 | $378.1M | $254.0M | ||
| Q1 24 | $347.9M | $1.3B |
总债务ASOOC
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $5.0B | ||
| Q1 24 | — | $2.6B |
股东权益ASOOC
| Q4 25 | $2.1B | $3.9B | ||
| Q3 25 | $2.1B | $4.4B | ||
| Q2 25 | $1.9B | $5.2B | ||
| Q1 25 | $2.0B | $4.9B | ||
| Q4 24 | $2.0B | $5.1B | ||
| Q3 24 | $2.0B | $5.6B | ||
| Q2 24 | $1.9B | $5.5B | ||
| Q1 24 | $2.0B | $5.2B |
总资产ASOOC
| Q4 25 | $5.4B | $13.0B | ||
| Q3 25 | $5.3B | $13.5B | ||
| Q2 25 | $5.2B | $14.5B | ||
| Q1 25 | $4.9B | $14.3B | ||
| Q4 24 | $5.1B | $14.1B | ||
| Q3 24 | $4.9B | $15.1B | ||
| Q2 24 | $4.9B | $15.0B | ||
| Q1 24 | $4.7B | $11.3B |
负债/权益比ASOOC
| Q4 25 | — | 1.22× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.92× | ||
| Q1 24 | — | 0.51× |
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 | $590.0M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $333.0M |
| 自由现金流率自由现金流/营收 | -1.0% | 15.5% |
| 资本支出强度资本支出/营收 | 4.5% | 12.0% |
| 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 | $962.0M |
8季度趋势，按日历期对齐
经营现金流ASOOC
| Q4 25 | $49.0M | $590.0M | ||
| Q3 25 | $78.6M | $918.0M | ||
| Q2 25 | $157.5M | $327.0M | ||
| Q1 25 | $140.2M | $-49.0M | ||
| Q4 24 | $96.9M | $676.0M | ||
| Q3 24 | $91.3M | $699.0M | ||
| Q2 24 | $199.7M | $493.0M | ||
| Q1 24 | $234.7M | $24.0M |
自由现金流ASOOC
| Q4 25 | $-13.6M | $333.0M | ||
| Q3 25 | $21.8M | $752.0M | ||
| Q2 25 | $106.6M | $129.0M | ||
| Q1 25 | $76.4M | $-252.0M | ||
| Q4 24 | $34.4M | $479.0M | ||
| Q3 24 | $50.1M | $558.0M | ||
| Q2 24 | $167.4M | $336.0M | ||
| Q1 24 | $178.9M | $-128.0M |
自由现金流率ASOOC
| Q4 25 | -1.0% | 15.5% | ||
| Q3 25 | 1.4% | 28.0% | ||
| Q2 25 | 7.9% | 4.7% | ||
| Q1 25 | 4.6% | -10.0% | ||
| Q4 24 | 2.6% | 16.9% | ||
| Q3 24 | 3.2% | 18.3% | ||
| Q2 24 | 12.3% | 12.0% | ||
| Q1 24 | 10.0% | -5.6% |
资本支出强度ASOOC
| Q4 25 | 4.5% | 12.0% | ||
| Q3 25 | 3.5% | 6.2% | ||
| Q2 25 | 3.8% | 7.2% | ||
| Q1 25 | 3.8% | 8.0% | ||
| Q4 24 | 4.6% | 6.9% | ||
| Q3 24 | 2.7% | 4.6% | ||
| Q2 24 | 2.4% | 5.6% | ||
| Q1 24 | 3.1% | 6.6% |
现金转化率ASOOC
| Q4 25 | 0.68× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 3.42× | 0.90× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | 2.18× | ||
| Q2 24 | 2.61× | 1.73× | ||
| Q1 24 | 1.40× | 0.08× |
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% |
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
