vs
Academy Sports & Outdoors, Inc.（ASO）与GrabAGun Digital Holdings Inc.（PEW）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GrabAGun Digital Holdings Inc.的62.1倍（$1.4B vs $22.3M）。Academy Sports & Outdoors, Inc.净利率更高（5.2% vs -17.2%，领先22.4%）。GrabAGun Digital Holdings Inc.自由现金流更多（$-3.1M vs $-13.6M）
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。
GrabAGun Digital Holdings Inc是美国领先的枪支电商平台，主要销售合规枪支、弹药、射击配件及户外装备，服务覆盖普通消费者、持证枪支经销商及执法人员，运营全程严格遵守美国各级枪支管理法规。
ASO vs PEW — 直观对比
营收规模更大
ASO
是对方的62.1倍
$22.3M
净利率更高
ASO
高出22.4%
-17.2%
自由现金流更多
PEW
多$10.5M
$-13.6M
损益表 — Q4 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $22.3M |
| 净利润 | $71.6M | $-3.8M |
| 毛利率 | 35.7% | 9.6% |
| 营业利润率 | 7.3% | -21.4% |
| 净利率 | 5.2% | -17.2% |
| 营收同比 | 3.0% | — |
| 净利润同比 | 8.8% | — |
| 每股收益（稀释后） | $1.05 | $-0.14 |
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ASOPEW
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.6B | $22.3M | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.8B | — |
净利润ASOPEW
| Q4 25 | $71.6M | — | ||
| Q3 25 | $125.4M | $-3.8M | ||
| Q2 25 | $46.1M | — | ||
| Q1 25 | $133.6M | — | ||
| Q4 24 | $65.8M | — | ||
| Q3 24 | $142.6M | — | ||
| Q2 24 | $76.5M | — | ||
| Q1 24 | $168.2M | — |
毛利率ASOPEW
| Q4 25 | 35.7% | — | ||
| Q3 25 | 36.0% | 9.6% | ||
| 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ASOPEW
| Q4 25 | 7.3% | — | ||
| Q3 25 | 10.8% | -21.4% | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | 11.4% | — |
净利率ASOPEW
| Q4 25 | 5.2% | — | ||
| Q3 25 | 7.8% | -17.2% | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 8.0% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 5.6% | — | ||
| Q1 24 | 9.4% | — |
每股收益（稀释后）ASOPEW
| Q4 25 | $1.05 | — | ||
| Q3 25 | $1.85 | $-0.14 | ||
| Q2 25 | $0.68 | — | ||
| Q1 25 | $1.85 | — | ||
| Q4 24 | $0.92 | — | ||
| Q3 24 | $1.95 | — | ||
| Q2 24 | $1.01 | — | ||
| Q1 24 | $2.19 | — |
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 | $109.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $106.6M |
| 总资产 | $5.4B | $119.8M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ASOPEW
| Q4 25 | $289.5M | — | ||
| Q3 25 | $300.9M | $109.5M | ||
| Q2 25 | $285.1M | — | ||
| Q1 25 | $288.9M | — | ||
| Q4 24 | $296.0M | — | ||
| Q3 24 | $324.6M | — | ||
| Q2 24 | $378.1M | — | ||
| Q1 24 | $347.9M | — |
股东权益ASOPEW
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $106.6M | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.0B | — |
总资产ASOPEW
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.3B | $119.8M | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $4.9B | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $4.9B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $4.7B | — |
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 | $-3.1M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $-3.1M |
| 自由现金流率自由现金流/营收 | -1.0% | -13.9% |
| 资本支出强度资本支出/营收 | 4.5% | 0.2% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ASOPEW
| Q4 25 | $49.0M | — | ||
| Q3 25 | $78.6M | $-3.1M | ||
| Q2 25 | $157.5M | — | ||
| Q1 25 | $140.2M | — | ||
| Q4 24 | $96.9M | — | ||
| Q3 24 | $91.3M | — | ||
| Q2 24 | $199.7M | — | ||
| Q1 24 | $234.7M | — |
自由现金流ASOPEW
| Q4 25 | $-13.6M | — | ||
| Q3 25 | $21.8M | $-3.1M | ||
| Q2 25 | $106.6M | — | ||
| Q1 25 | $76.4M | — | ||
| Q4 24 | $34.4M | — | ||
| Q3 24 | $50.1M | — | ||
| Q2 24 | $167.4M | — | ||
| Q1 24 | $178.9M | — |
自由现金流率ASOPEW
| Q4 25 | -1.0% | — | ||
| Q3 25 | 1.4% | -13.9% | ||
| Q2 25 | 7.9% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 10.0% | — |
资本支出强度ASOPEW
| Q4 25 | 4.5% | — | ||
| Q3 25 | 3.5% | 0.2% | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 3.1% | — |
现金转化率ASOPEW
| Q4 25 | 0.68× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 3.42× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 2.61× | — | ||
| 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% |
PEW
| Firearm Sales | $18.1M | 81% |
| Non-Firearm Sales | $4.2M | 19% |
