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Academy Sports & Outdoors, Inc.（ASO）与PAR PACIFIC HOLDINGS, INC.（PARR）财务数据对比。点击上方公司名可切换其他公司
PAR PACIFIC HOLDINGS, INC.的季度营收约是Academy Sports & Outdoors, Inc.的1.3倍（$1.8B vs $1.4B），Academy Sports & Outdoors, Inc.净利率更高（5.2% vs 4.3%，领先0.9%），Academy Sports & Outdoors, Inc.同比增速更快（3.0% vs -1.0%），PAR PACIFIC HOLDINGS, INC.自由现金流更多（$66.3M vs $-13.6M），过去两年PAR PACIFIC HOLDINGS, INC.的营收复合增速更高（-4.3% 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。
Par Pacific Holdings是总部位于美国休斯顿的油气勘探生产企业，曾在破产重组后以Par Petroleum Corporation为名运营，2015年10月20日正式更名为现名，2017年入选《财富》美国1000强企业。
ASO vs PARR — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.8B |
| 净利润 | $71.6M | $77.7M |
| 毛利率 | 35.7% | — |
| 营业利润率 | 7.3% | 5.5% |
| 净利率 | 5.2% | 4.3% |
| 营收同比 | 3.0% | -1.0% |
| 净利润同比 | 8.8% | 239.5% |
| 每股收益（稀释后） | $1.05 | $1.40 |
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
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.7B | $1.7B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.8B | $2.0B |
| Q4 25 | $71.6M | $77.7M | ||
| Q3 25 | $125.4M | $262.6M | ||
| Q2 25 | $46.1M | $59.5M | ||
| Q1 25 | $133.6M | $-30.4M | ||
| Q4 24 | $65.8M | $-55.7M | ||
| Q3 24 | $142.6M | $7.5M | ||
| Q2 24 | $76.5M | $18.6M | ||
| Q1 24 | $168.2M | $-3.8M |
| 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% | — |
| Q4 25 | 7.3% | 5.5% | ||
| Q3 25 | 10.8% | 17.8% | ||
| Q2 25 | 5.1% | 5.1% | ||
| Q1 25 | 9.2% | -0.9% | ||
| Q4 24 | 6.8% | -2.6% | ||
| Q3 24 | 12.3% | 1.7% | ||
| Q2 24 | 7.5% | 2.4% | ||
| Q1 24 | 11.4% | 0.5% |
| Q4 25 | 5.2% | 4.3% | ||
| Q3 25 | 7.8% | 13.0% | ||
| Q2 25 | 3.4% | 3.1% | ||
| Q1 25 | 8.0% | -1.7% | ||
| Q4 24 | 4.9% | -3.0% | ||
| Q3 24 | 9.2% | 0.3% | ||
| Q2 24 | 5.6% | 0.9% | ||
| Q1 24 | 9.4% | -0.2% |
| Q4 25 | $1.05 | $1.40 | ||
| Q3 25 | $1.85 | $5.16 | ||
| Q2 25 | $0.68 | $1.17 | ||
| Q1 25 | $1.85 | $-0.57 | ||
| Q4 24 | $0.92 | $-0.98 | ||
| Q3 24 | $1.95 | $0.13 | ||
| Q2 24 | $1.01 | $0.32 | ||
| Q1 24 | $2.19 | $-0.06 |
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 | $164.1M |
| 总债务越低越好 | — | $802.9M |
| 股东权益账面价值 | $2.1B | $1.5B |
| 总资产 | $5.4B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
| Q4 25 | $289.5M | $164.1M | ||
| Q3 25 | $300.9M | $159.1M | ||
| Q2 25 | $285.1M | $169.2M | ||
| Q1 25 | $288.9M | $133.7M | ||
| Q4 24 | $296.0M | $191.9M | ||
| Q3 24 | $324.6M | $183.0M | ||
| Q2 24 | $378.1M | $179.7M | ||
| Q1 24 | $347.9M | $228.3M |
| Q4 25 | — | $802.9M | ||
| Q3 25 | — | $967.1M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $639.5M |
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $2.0B | $1.1B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $2.0B | $1.3B |
| Q4 25 | $5.4B | $3.8B | ||
| Q3 25 | $5.3B | $4.1B | ||
| Q2 25 | $5.2B | $3.9B | ||
| Q1 25 | $4.9B | $3.8B | ||
| Q4 24 | $5.1B | $3.8B | ||
| Q3 24 | $4.9B | $3.9B | ||
| Q2 24 | $4.9B | $3.9B | ||
| Q1 24 | $4.7B | $3.8B |
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | — | 0.93× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | 0.84× | ||
| 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 | $93.8M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $66.3M |
| 自由现金流率自由现金流/营收 | -1.0% | 3.7% |
| 资本支出强度资本支出/营收 | 4.5% | 1.5% |
| 现金转化率经营现金流/净利润 | 0.68× | 1.21× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $296.5M |
8季度趋势，按日历期对齐
| Q4 25 | $49.0M | $93.8M | ||
| Q3 25 | $78.6M | $219.4M | ||
| Q2 25 | $157.5M | $133.6M | ||
| Q1 25 | $140.2M | $-1.4M | ||
| Q4 24 | $96.9M | $-15.5M | ||
| Q3 24 | $91.3M | $78.5M | ||
| Q2 24 | $199.7M | $-4.7M | ||
| Q1 24 | $234.7M | $25.4M |
| Q4 25 | $-13.6M | $66.3M | ||
| Q3 25 | $21.8M | $187.1M | ||
| Q2 25 | $106.6M | $85.5M | ||
| Q1 25 | $76.4M | $-42.3M | ||
| Q4 24 | $34.4M | $-63.1M | ||
| Q3 24 | $50.1M | $50.2M | ||
| Q2 24 | $167.4M | $-41.6M | ||
| Q1 24 | $178.9M | $2.8M |
| Q4 25 | -1.0% | 3.7% | ||
| Q3 25 | 1.4% | 9.3% | ||
| Q2 25 | 7.9% | 4.5% | ||
| Q1 25 | 4.6% | -2.4% | ||
| Q4 24 | 2.6% | -3.4% | ||
| Q3 24 | 3.2% | 2.3% | ||
| Q2 24 | 12.3% | -2.1% | ||
| Q1 24 | 10.0% | 0.1% |
| Q4 25 | 4.5% | 1.5% | ||
| Q3 25 | 3.5% | 1.6% | ||
| Q2 25 | 3.8% | 2.5% | ||
| Q1 25 | 3.8% | 2.3% | ||
| Q4 24 | 4.6% | 2.6% | ||
| Q3 24 | 2.7% | 1.3% | ||
| Q2 24 | 2.4% | 1.8% | ||
| Q1 24 | 3.1% | 1.1% |
| Q4 25 | 0.68× | 1.21× | ||
| Q3 25 | 0.63× | 0.84× | ||
| Q2 25 | 3.42× | 2.25× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | 10.48× | ||
| Q2 24 | 2.61× | -0.25× | ||
| Q1 24 | 1.40× | — |
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% |
PARR
| Distillates | $750.6M | 41% |
| Gasoline | $603.9M | 33% |
| Other Refined Products | $348.8M | 19% |
| Logistics | $73.7M | 4% |
| Other Revenues | $44.8M | 2% |
