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Academy Sports & Outdoors, Inc.（ASO）与Insulet Corporation（PODD）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Insulet Corporation的1.8倍（$1.4B vs $783.7M），Insulet Corporation净利率更高（13.0% vs 5.2%，领先7.8%），Insulet Corporation同比增速更快（31.2% vs 3.0%），Insulet Corporation自由现金流更多（$48.2M vs $-13.6M），过去两年Insulet Corporation的营收复合增速更高（33.2% 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。
Insulet Corporation是深耕糖尿病治疗领域的医疗器械企业，核心产品为胰岛素泵，通过持续皮下输注胰岛素的疗法为患者给药。其产品通常由泵主体、一次性胰岛素储药仓，以及包含皮下植入套管和连接管路的一次性输注套件构成，满足不同患者的治疗需求。
ASO vs PODD — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $783.7M |
| 净利润 | $71.6M | $101.6M |
| 毛利率 | 35.7% | 72.6% |
| 营业利润率 | 7.3% | 18.7% |
| 净利率 | 5.2% | 13.0% |
| 营收同比 | 3.0% | 31.2% |
| 净利润同比 | 8.8% | 0.9% |
| 每股收益（稀释后） | $1.05 | $1.42 |
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 | $783.7M | ||
| Q3 25 | $1.6B | $706.3M | ||
| Q2 25 | $1.4B | $649.1M | ||
| Q1 25 | $1.7B | $569.0M | ||
| Q4 24 | $1.3B | $597.5M | ||
| Q3 24 | $1.5B | $543.9M | ||
| Q2 24 | $1.4B | $488.5M | ||
| Q1 24 | $1.8B | $441.7M |
| Q4 25 | $71.6M | $101.6M | ||
| Q3 25 | $125.4M | $87.6M | ||
| Q2 25 | $46.1M | $22.5M | ||
| Q1 25 | $133.6M | $35.4M | ||
| Q4 24 | $65.8M | $100.7M | ||
| Q3 24 | $142.6M | $77.5M | ||
| Q2 24 | $76.5M | $188.6M | ||
| Q1 24 | $168.2M | $51.5M |
| Q4 25 | 35.7% | 72.6% | ||
| Q3 25 | 36.0% | 72.2% | ||
| Q2 25 | 34.0% | 69.7% | ||
| Q1 25 | 32.2% | 71.9% | ||
| Q4 24 | 34.0% | 72.1% | ||
| Q3 24 | 36.1% | 69.3% | ||
| Q2 24 | 33.4% | 67.7% | ||
| Q1 24 | 33.3% | 69.5% |
| Q4 25 | 7.3% | 18.7% | ||
| Q3 25 | 10.8% | 16.7% | ||
| Q2 25 | 5.1% | 18.7% | ||
| Q1 25 | 9.2% | 15.6% | ||
| Q4 24 | 6.8% | 18.3% | ||
| Q3 24 | 12.3% | 16.2% | ||
| Q2 24 | 7.5% | 11.2% | ||
| Q1 24 | 11.4% | 12.9% |
| Q4 25 | 5.2% | 13.0% | ||
| Q3 25 | 7.8% | 12.4% | ||
| Q2 25 | 3.4% | 3.5% | ||
| Q1 25 | 8.0% | 6.2% | ||
| Q4 24 | 4.9% | 16.9% | ||
| Q3 24 | 9.2% | 14.2% | ||
| Q2 24 | 5.6% | 38.6% | ||
| Q1 24 | 9.4% | 11.7% |
| Q4 25 | $1.05 | $1.42 | ||
| Q3 25 | $1.85 | $1.24 | ||
| Q2 25 | $0.68 | $0.32 | ||
| Q1 25 | $1.85 | $0.50 | ||
| Q4 24 | $0.92 | $1.38 | ||
| Q3 24 | $1.95 | $1.08 | ||
| Q2 24 | $1.01 | $2.59 | ||
| Q1 24 | $2.19 | $0.73 |
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 | — |
| 总债务越低越好 | — | $930.8M |
| 股东权益账面价值 | $2.1B | $1.5B |
| 总资产 | $5.4B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.61× |
8季度趋势，按日历期对齐
| Q4 25 | $289.5M | — | ||
| Q3 25 | $300.9M | — | ||
| Q2 25 | $285.1M | — | ||
| Q1 25 | $288.9M | — | ||
| Q4 24 | $296.0M | — | ||
| Q3 24 | $324.6M | — | ||
| Q2 24 | $378.1M | — | ||
| Q1 24 | $347.9M | — |
| Q4 25 | — | $930.8M | ||
| Q3 25 | — | $934.9M | ||
| Q2 25 | — | $939.0M | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $1.9B | $998.4M | ||
| Q1 24 | $2.0B | $790.7M |
| Q4 25 | $5.4B | $3.2B | ||
| Q3 25 | $5.3B | $3.0B | ||
| Q2 25 | $5.2B | $3.5B | ||
| Q1 25 | $4.9B | $3.5B | ||
| Q4 24 | $5.1B | $3.1B | ||
| Q3 24 | $4.9B | $3.0B | ||
| Q2 24 | $4.9B | $2.9B | ||
| Q1 24 | $4.7B | $2.6B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.68× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 1.21× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.72× |
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 | $183.3M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $48.2M |
| 自由现金流率自由现金流/营收 | -1.0% | 6.2% |
| 资本支出强度资本支出/营收 | 4.5% | 17.2% |
| 现金转化率经营现金流/净利润 | 0.68× | 1.80× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $377.7M |
8季度趋势，按日历期对齐
| Q4 25 | $49.0M | $183.3M | ||
| Q3 25 | $78.6M | $125.7M | ||
| Q2 25 | $157.5M | $196.5M | ||
| Q1 25 | $140.2M | $63.8M | ||
| Q4 24 | $96.9M | $147.7M | ||
| Q3 24 | $91.3M | $98.5M | ||
| Q2 24 | $199.7M | $96.5M | ||
| Q1 24 | $234.7M | $87.6M |
| Q4 25 | $-13.6M | $48.2M | ||
| Q3 25 | $21.8M | $100.1M | ||
| Q2 25 | $106.6M | $177.9M | ||
| Q1 25 | $76.4M | $51.5M | ||
| Q4 24 | $34.4M | $94.1M | ||
| Q3 24 | $50.1M | $71.8M | ||
| Q2 24 | $167.4M | $74.0M | ||
| Q1 24 | $178.9M | $65.5M |
| Q4 25 | -1.0% | 6.2% | ||
| Q3 25 | 1.4% | 14.2% | ||
| Q2 25 | 7.9% | 27.4% | ||
| Q1 25 | 4.6% | 9.1% | ||
| Q4 24 | 2.6% | 15.7% | ||
| Q3 24 | 3.2% | 13.2% | ||
| Q2 24 | 12.3% | 15.1% | ||
| Q1 24 | 10.0% | 14.8% |
| Q4 25 | 4.5% | 17.2% | ||
| Q3 25 | 3.5% | 3.6% | ||
| Q2 25 | 3.8% | 2.9% | ||
| Q1 25 | 3.8% | 2.2% | ||
| Q4 24 | 4.6% | 9.0% | ||
| Q3 24 | 2.7% | 4.9% | ||
| Q2 24 | 2.4% | 4.6% | ||
| Q1 24 | 3.1% | 5.0% |
| Q4 25 | 0.68× | 1.80× | ||
| Q3 25 | 0.63× | 1.43× | ||
| Q2 25 | 3.42× | 8.73× | ||
| Q1 25 | 1.05× | 1.80× | ||
| Q4 24 | 1.47× | 1.47× | ||
| Q3 24 | 0.64× | 1.27× | ||
| Q2 24 | 2.61× | 0.51× | ||
| Q1 24 | 1.40× | 1.70× |
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% |
PODD
| U.S.Omnipod | $567.8M | 72% |
| International Omnipod | $214.0M | 27% |
| Drug Delivery | $1.9M | 0% |
