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Academy Sports & Outdoors, Inc.（ASO）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
Academy Sports & Outdoors, Inc.的季度营收约是利氏兄弟拍卖行的1.1倍（$1.4B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 5.2%，领先3.9%），利氏兄弟拍卖行同比增速更快（5.4% vs 3.0%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $-13.6M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% 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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
ASO vs RBA — 直观对比
营收规模更大
ASO
是对方的1.1倍
$1.2B
营收增速更快
RBA
高出2.4%
3.0%
净利率更高
RBA
高出3.9%
5.2%
自由现金流更多
RBA
多$200.1M
$-13.6M
两年增速更快
RBA
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $71.6M | $109.7M |
| 毛利率 | 35.7% | — |
| 营业利润率 | 7.3% | 14.7% |
| 净利率 | 5.2% | 9.1% |
| 营收同比 | 3.0% | 5.4% |
| 净利润同比 | 8.8% | -7.4% |
| 每股收益（稀释后） | $1.05 | $0.53 |
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ASORBA
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.5B | $981.8M | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.8B | $1.1B |
净利润ASORBA
| Q4 25 | $71.6M | $109.7M | ||
| Q3 25 | $125.4M | $95.5M | ||
| Q2 25 | $46.1M | $109.8M | ||
| Q1 25 | $133.6M | $113.4M | ||
| Q4 24 | $65.8M | $118.5M | ||
| Q3 24 | $142.6M | $76.1M | ||
| Q2 24 | $76.5M | $111.1M | ||
| Q1 24 | $168.2M | $107.4M |
毛利率ASORBA
| 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ASORBA
| Q4 25 | 7.3% | 14.7% | ||
| Q3 25 | 10.8% | 14.5% | ||
| Q2 25 | 5.1% | 15.9% | ||
| Q1 25 | 9.2% | 17.1% | ||
| Q4 24 | 6.8% | 18.1% | ||
| Q3 24 | 12.3% | 15.6% | ||
| Q2 24 | 7.5% | 18.4% | ||
| Q1 24 | 11.4% | 18.7% |
净利率ASORBA
| Q4 25 | 5.2% | 9.1% | ||
| Q3 25 | 7.8% | 8.7% | ||
| Q2 25 | 3.4% | 9.3% | ||
| Q1 25 | 8.0% | 10.2% | ||
| Q4 24 | 4.9% | 10.4% | ||
| Q3 24 | 9.2% | 7.8% | ||
| Q2 24 | 5.6% | 10.1% | ||
| Q1 24 | 9.4% | 10.1% |
每股收益（稀释后）ASORBA
| Q4 25 | $1.05 | $0.53 | ||
| Q3 25 | $1.85 | $0.43 | ||
| Q2 25 | $0.68 | $0.53 | ||
| Q1 25 | $1.85 | $0.55 | ||
| Q4 24 | $0.92 | $0.58 | ||
| Q3 24 | $1.95 | $0.36 | ||
| Q2 24 | $1.01 | $0.54 | ||
| Q1 24 | $2.19 | $0.53 |
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 | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.1B | $5.6B |
| 总资产 | $5.4B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资ASORBA
| Q4 25 | $289.5M | $531.5M | ||
| Q3 25 | $300.9M | $674.7M | ||
| Q2 25 | $285.1M | $710.2M | ||
| Q1 25 | $288.9M | $578.1M | ||
| Q4 24 | $296.0M | $533.9M | ||
| Q3 24 | $324.6M | $650.7M | ||
| Q2 24 | $378.1M | $599.5M | ||
| Q1 24 | $347.9M | $462.8M |
总债务ASORBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益ASORBA
| Q4 25 | $2.1B | $5.6B | ||
| Q3 25 | $2.1B | $5.5B | ||
| Q2 25 | $1.9B | $5.5B | ||
| Q1 25 | $2.0B | $5.3B | ||
| Q4 24 | $2.0B | $5.2B | ||
| Q3 24 | $2.0B | $5.2B | ||
| Q2 24 | $1.9B | $5.2B | ||
| Q1 24 | $2.0B | $5.1B |
总资产ASORBA
| Q4 25 | $5.4B | $12.1B | ||
| Q3 25 | $5.3B | $12.2B | ||
| Q2 25 | $5.2B | $12.2B | ||
| Q1 25 | $4.9B | $11.9B | ||
| Q4 24 | $5.1B | $11.8B | ||
| Q3 24 | $4.9B | $11.9B | ||
| Q2 24 | $4.9B | $12.1B | ||
| Q1 24 | $4.7B | $12.0B |
负债/权益比ASORBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.58× |
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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $186.5M |
| 自由现金流率自由现金流/营收 | -1.0% | 15.5% |
| 资本支出强度资本支出/营收 | 4.5% | 5.7% |
| 现金转化率经营现金流/净利润 | 0.68× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $719.2M |
8季度趋势，按日历期对齐
经营现金流ASORBA
| Q4 25 | $49.0M | $255.2M | ||
| Q3 25 | $78.6M | $239.7M | ||
| Q2 25 | $157.5M | $326.5M | ||
| Q1 25 | $140.2M | $156.8M | ||
| Q4 24 | $96.9M | $184.5M | ||
| Q3 24 | $91.3M | $285.4M | ||
| Q2 24 | $199.7M | $337.3M | ||
| Q1 24 | $234.7M | $124.8M |
自由现金流ASORBA
| Q4 25 | $-13.6M | $186.5M | ||
| Q3 25 | $21.8M | $188.5M | ||
| Q2 25 | $106.6M | $241.7M | ||
| Q1 25 | $76.4M | $102.5M | ||
| Q4 24 | $34.4M | $127.9M | ||
| Q3 24 | $50.1M | $248.5M | ||
| Q2 24 | $167.4M | $308.6M | ||
| Q1 24 | $178.9M | $79.6M |
自由现金流率ASORBA
| Q4 25 | -1.0% | 15.5% | ||
| Q3 25 | 1.4% | 17.3% | ||
| Q2 25 | 7.9% | 20.4% | ||
| Q1 25 | 4.6% | 9.2% | ||
| Q4 24 | 2.6% | 11.2% | ||
| Q3 24 | 3.2% | 25.3% | ||
| Q2 24 | 12.3% | 28.2% | ||
| Q1 24 | 10.0% | 7.5% |
资本支出强度ASORBA
| Q4 25 | 4.5% | 5.7% | ||
| Q3 25 | 3.5% | 4.7% | ||
| Q2 25 | 3.8% | 7.2% | ||
| Q1 25 | 3.8% | 4.9% | ||
| Q4 24 | 4.6% | 5.0% | ||
| Q3 24 | 2.7% | 3.8% | ||
| Q2 24 | 2.4% | 2.6% | ||
| Q1 24 | 3.1% | 4.2% |
现金转化率ASORBA
| Q4 25 | 0.68× | 2.33× | ||
| Q3 25 | 0.63× | 2.51× | ||
| Q2 25 | 3.42× | 2.97× | ||
| Q1 25 | 1.05× | 1.38× | ||
| Q4 24 | 1.47× | 1.56× | ||
| Q3 24 | 0.64× | 3.75× | ||
| Q2 24 | 2.61× | 3.04× | ||
| Q1 24 | 1.40× | 1.16× |
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
