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Academy Sports & Outdoors, Inc.（ASO）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是Academy Sports & Outdoors, Inc.的1.1倍（$1.6B vs $1.4B），Academy Sports & Outdoors, Inc.净利率更高（5.2% vs -0.8%，领先6.0%），Primo Brands Corp自由现金流更多（$57.3M 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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
ASO vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.1倍
$1.4B
净利率更高
ASO
高出6.0%
-0.8%
自由现金流更多
PRMB
多$70.9M
$-13.6M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.6B |
| 净利润 | $71.6M | $-13.0M |
| 毛利率 | 35.7% | 27.7% |
| 营业利润率 | 7.3% | 1.2% |
| 净利率 | 5.2% | -0.8% |
| 营收同比 | 3.0% | — |
| 净利润同比 | 8.8% | — |
| 每股收益（稀释后） | $1.05 | $-0.03 |
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ASOPRMB
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.5B | $0 | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.8B | $1.1B |
净利润ASOPRMB
| Q4 25 | $71.6M | $-13.0M | ||
| Q3 25 | $125.4M | $16.8M | ||
| Q2 25 | $46.1M | $27.6M | ||
| Q1 25 | $133.6M | $28.7M | ||
| Q4 24 | $65.8M | — | ||
| Q3 24 | $142.6M | $-2.0K | ||
| Q2 24 | $76.5M | $54.5M | ||
| Q1 24 | $168.2M | $33.5M |
毛利率ASOPRMB
| Q4 25 | 35.7% | 27.7% | ||
| Q3 25 | 36.0% | 29.9% | ||
| Q2 25 | 34.0% | 31.3% | ||
| Q1 25 | 32.2% | 32.3% | ||
| Q4 24 | 34.0% | — | ||
| Q3 24 | 36.1% | — | ||
| Q2 24 | 33.4% | 32.7% | ||
| Q1 24 | 33.3% | 30.4% |
营业利润率ASOPRMB
| Q4 25 | 7.3% | 1.2% | ||
| Q3 25 | 10.8% | 8.3% | ||
| Q2 25 | 5.1% | 6.5% | ||
| Q1 25 | 9.2% | 9.5% | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 7.5% | 12.1% | ||
| Q1 24 | 11.4% | 11.0% |
净利率ASOPRMB
| Q4 25 | 5.2% | -0.8% | ||
| Q3 25 | 7.8% | 1.0% | ||
| Q2 25 | 3.4% | 1.6% | ||
| Q1 25 | 8.0% | 1.8% | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 5.6% | 4.1% | ||
| Q1 24 | 9.4% | 2.9% |
每股收益（稀释后）ASOPRMB
| Q4 25 | $1.05 | $-0.03 | ||
| Q3 25 | $1.85 | $0.04 | ||
| Q2 25 | $0.68 | $0.07 | ||
| Q1 25 | $1.85 | $0.08 | ||
| Q4 24 | $0.92 | — | ||
| Q3 24 | $1.95 | $-20.00 | ||
| Q2 24 | $1.01 | $0.25 | ||
| Q1 24 | $2.19 | $0.15 |
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 | $376.7M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $2.1B | $3.0B |
| 总资产 | $5.4B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资ASOPRMB
| Q4 25 | $289.5M | $376.7M | ||
| 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 | — |
总债务ASOPRMB
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ASOPRMB
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $2.1B | $3.2B | ||
| Q2 25 | $1.9B | $3.2B | ||
| Q1 25 | $2.0B | $3.3B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | $-2.0K | ||
| Q2 24 | $1.9B | $-296.8M | ||
| Q1 24 | $2.0B | $-349.8M |
总资产ASOPRMB
| Q4 25 | $5.4B | $10.6B | ||
| Q3 25 | $5.3B | $11.0B | ||
| Q2 25 | $5.2B | $11.0B | ||
| Q1 25 | $4.9B | $11.0B | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $4.9B | $0 | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $4.7B | — |
负债/权益比ASOPRMB
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| 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 | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $57.3M |
| 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% | 9.4% |
| 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 | $302.9M |
8季度趋势，按日历期对齐
经营现金流ASOPRMB
| Q4 25 | $49.0M | $203.1M | ||
| Q3 25 | $78.6M | $283.4M | ||
| Q2 25 | $157.5M | $155.0M | ||
| Q1 25 | $140.2M | $38.8M | ||
| Q4 24 | $96.9M | — | ||
| Q3 24 | $91.3M | $0 | ||
| Q2 24 | $199.7M | $102.5M | ||
| Q1 24 | $234.7M | $6.0M |
自由现金流ASOPRMB
| Q4 25 | $-13.6M | $57.3M | ||
| Q3 25 | $21.8M | $167.7M | ||
| Q2 25 | $106.6M | $101.1M | ||
| Q1 25 | $76.4M | $-23.2M | ||
| Q4 24 | $34.4M | — | ||
| Q3 24 | $50.1M | — | ||
| Q2 24 | $167.4M | $61.4M | ||
| Q1 24 | $178.9M | $-17.5M |
自由现金流率ASOPRMB
| Q4 25 | -1.0% | 3.7% | ||
| Q3 25 | 1.4% | 9.5% | ||
| Q2 25 | 7.9% | 5.8% | ||
| Q1 25 | 4.6% | -1.4% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 12.3% | 4.7% | ||
| Q1 24 | 10.0% | -1.5% |
资本支出强度ASOPRMB
| Q4 25 | 4.5% | 9.4% | ||
| Q3 25 | 3.5% | 6.6% | ||
| Q2 25 | 3.8% | 3.1% | ||
| Q1 25 | 3.8% | 3.8% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.4% | 3.1% | ||
| Q1 24 | 3.1% | 2.1% |
现金转化率ASOPRMB
| Q4 25 | 0.68× | — | ||
| Q3 25 | 0.63× | 16.87× | ||
| Q2 25 | 3.42× | 5.62× | ||
| Q1 25 | 1.05× | 1.35× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 2.61× | 1.88× | ||
| Q1 24 | 1.40× | 0.18× |
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
