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Academy Sports & Outdoors, Inc.（ASO）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是Academy Sports & Outdoors, Inc.的1.7倍（$2.3B vs $1.4B），PPL Corporation净利率更高（11.3% vs 5.2%，领先6.2%），PPL Corporation同比增速更快（7.2% vs 3.0%），Academy Sports & Outdoors, Inc.自由现金流更多（$-13.6M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% 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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
ASO vs PPL — 直观对比
营收规模更大
PPL
是对方的1.7倍
$1.4B
营收增速更快
PPL
高出4.2%
3.0%
净利率更高
PPL
高出6.2%
5.2%
自由现金流更多
ASO
多$600.4M
$-614.0M
两年增速更快
PPL
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.3B |
| 净利润 | $71.6M | $266.0M |
| 毛利率 | 35.7% | — |
| 营业利润率 | 7.3% | 20.3% |
| 净利率 | 5.2% | 11.3% |
| 营收同比 | 3.0% | 7.2% |
| 净利润同比 | 8.8% | 50.3% |
| 每股收益（稀释后） | $1.05 | $0.35 |
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ASOPPL
| Q4 25 | $1.4B | $2.3B | ||
| Q3 25 | $1.6B | $2.2B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $1.7B | $2.5B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.4B | $1.9B | ||
| Q1 24 | $1.8B | $2.3B |
净利润ASOPPL
| Q4 25 | $71.6M | $266.0M | ||
| Q3 25 | $125.4M | $318.0M | ||
| Q2 25 | $46.1M | $183.0M | ||
| Q1 25 | $133.6M | $414.0M | ||
| Q4 24 | $65.8M | $177.0M | ||
| Q3 24 | $142.6M | $214.0M | ||
| Q2 24 | $76.5M | $190.0M | ||
| Q1 24 | $168.2M | $307.0M |
毛利率ASOPPL
| 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% | — |
营业利润率ASOPPL
| Q4 25 | 7.3% | 20.3% | ||
| Q3 25 | 10.8% | 25.4% | ||
| Q2 25 | 5.1% | 19.9% | ||
| Q1 25 | 9.2% | 26.6% | ||
| Q4 24 | 6.8% | 17.2% | ||
| Q3 24 | 12.3% | 20.6% | ||
| Q2 24 | 7.5% | 20.8% | ||
| Q1 24 | 11.4% | 23.7% |
净利率ASOPPL
| Q4 25 | 5.2% | 11.3% | ||
| Q3 25 | 7.8% | 14.2% | ||
| Q2 25 | 3.4% | 9.0% | ||
| Q1 25 | 8.0% | 16.3% | ||
| Q4 24 | 4.9% | 8.1% | ||
| Q3 24 | 9.2% | 10.3% | ||
| Q2 24 | 5.6% | 10.1% | ||
| Q1 24 | 9.4% | 13.3% |
每股收益（稀释后）ASOPPL
| Q4 25 | $1.05 | $0.35 | ||
| Q3 25 | $1.85 | $0.43 | ||
| Q2 25 | $0.68 | $0.25 | ||
| Q1 25 | $1.85 | $0.56 | ||
| Q4 24 | $0.92 | $0.23 | ||
| Q3 24 | $1.95 | $0.29 | ||
| Q2 24 | $1.01 | $0.26 | ||
| Q1 24 | $2.19 | $0.42 |
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 | $1.1B |
| 总债务越低越好 | — | $18.9B |
| 股东权益账面价值 | $2.1B | $14.9B |
| 总资产 | $5.4B | $45.2B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资ASOPPL
| Q4 25 | $289.5M | $1.1B | ||
| Q3 25 | $300.9M | $1.1B | ||
| Q2 25 | $285.1M | $294.0M | ||
| Q1 25 | $288.9M | $312.0M | ||
| Q4 24 | $296.0M | $306.0M | ||
| Q3 24 | $324.6M | $542.0M | ||
| Q2 24 | $378.1M | $282.0M | ||
| Q1 24 | $347.9M | $276.0M |
总债务ASOPPL
| Q4 25 | — | $18.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $16.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ASOPPL
| Q4 25 | $2.1B | $14.9B | ||
| Q3 25 | $2.1B | $14.4B | ||
| Q2 25 | $1.9B | $14.3B | ||
| Q1 25 | $2.0B | $14.3B | ||
| Q4 24 | $2.0B | $14.1B | ||
| Q3 24 | $2.0B | $14.1B | ||
| Q2 24 | $1.9B | $14.1B | ||
| Q1 24 | $2.0B | $14.1B |
总资产ASOPPL
| Q4 25 | $5.4B | $45.2B | ||
| Q3 25 | $5.3B | $43.9B | ||
| Q2 25 | $5.2B | $42.4B | ||
| Q1 25 | $4.9B | $41.8B | ||
| Q4 24 | $5.1B | $41.1B | ||
| Q3 24 | $4.9B | $40.5B | ||
| Q2 24 | $4.9B | $39.8B | ||
| Q1 24 | $4.7B | $39.6B |
负债/权益比ASOPPL
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $-614.0M |
| 自由现金流率自由现金流/营收 | -1.0% | -26.1% |
| 资本支出强度资本支出/营收 | 4.5% | 49.5% |
| 现金转化率经营现金流/净利润 | 0.68× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流ASOPPL
| Q4 25 | $49.0M | $548.0M | ||
| Q3 25 | $78.6M | $966.0M | ||
| Q2 25 | $157.5M | $602.0M | ||
| Q1 25 | $140.2M | $513.0M | ||
| Q4 24 | $96.9M | $511.0M | ||
| Q3 24 | $91.3M | $781.0M | ||
| Q2 24 | $199.7M | $766.0M | ||
| Q1 24 | $234.7M | $282.0M |
自由现金流ASOPPL
| Q4 25 | $-13.6M | $-614.0M | ||
| Q3 25 | $21.8M | $-179.0M | ||
| Q2 25 | $106.6M | $-328.0M | ||
| Q1 25 | $76.4M | $-280.0M | ||
| Q4 24 | $34.4M | $-349.0M | ||
| Q3 24 | $50.1M | $102.0M | ||
| Q2 24 | $167.4M | $96.0M | ||
| Q1 24 | $178.9M | $-314.0M |
自由现金流率ASOPPL
| Q4 25 | -1.0% | -26.1% | ||
| Q3 25 | 1.4% | -8.0% | ||
| Q2 25 | 7.9% | -16.1% | ||
| Q1 25 | 4.6% | -11.0% | ||
| Q4 24 | 2.6% | -15.9% | ||
| Q3 24 | 3.2% | 4.9% | ||
| Q2 24 | 12.3% | 5.1% | ||
| Q1 24 | 10.0% | -13.6% |
资本支出强度ASOPPL
| Q4 25 | 4.5% | 49.5% | ||
| Q3 25 | 3.5% | 51.2% | ||
| Q2 25 | 3.8% | 45.6% | ||
| Q1 25 | 3.8% | 31.2% | ||
| Q4 24 | 4.6% | 39.3% | ||
| Q3 24 | 2.7% | 32.7% | ||
| Q2 24 | 2.4% | 35.8% | ||
| Q1 24 | 3.1% | 25.9% |
现金转化率ASOPPL
| Q4 25 | 0.68× | 2.06× | ||
| Q3 25 | 0.63× | 3.04× | ||
| Q2 25 | 3.42× | 3.29× | ||
| Q1 25 | 1.05× | 1.24× | ||
| Q4 24 | 1.47× | 2.89× | ||
| Q3 24 | 0.64× | 3.65× | ||
| Q2 24 | 2.61× | 4.03× | ||
| Q1 24 | 1.40× | 0.92× |
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% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
