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Academy Sports & Outdoors, Inc.（ASO）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
罗布乐思的季度营收约是Academy Sports & Outdoors, Inc.的1.0倍（$1.4B vs $1.4B），Academy Sports & Outdoors, Inc.净利率更高（5.2% vs -22.3%，领先27.5%），罗布乐思同比增速更快（43.2% vs 3.0%），罗布乐思自由现金流更多（$308.6M vs $-13.6M），过去两年罗布乐思的营收复合增速更高（32.9% 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。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
ASO vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.0倍
$1.4B
营收增速更快
RBLX
高出40.2%
3.0%
净利率更高
ASO
高出27.5%
-22.3%
自由现金流更多
RBLX
多$322.1M
$-13.6M
两年增速更快
RBLX
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $71.6M | $-316.0M |
| 毛利率 | 35.7% | 77.7% |
| 营业利润率 | 7.3% | -25.3% |
| 净利率 | 5.2% | -22.3% |
| 营收同比 | 3.0% | 43.2% |
| 净利润同比 | 8.8% | -43.9% |
| 每股收益（稀释后） | $1.05 | $-0.44 |
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ASORBLX
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.3B | $988.2M | ||
| Q3 24 | $1.5B | $919.0M | ||
| Q2 24 | $1.4B | $893.5M | ||
| Q1 24 | $1.8B | $801.3M |
净利润ASORBLX
| Q4 25 | $71.6M | $-316.0M | ||
| Q3 25 | $125.4M | $-255.6M | ||
| Q2 25 | $46.1M | $-278.4M | ||
| Q1 25 | $133.6M | $-215.1M | ||
| Q4 24 | $65.8M | $-219.6M | ||
| Q3 24 | $142.6M | $-239.3M | ||
| Q2 24 | $76.5M | $-205.9M | ||
| Q1 24 | $168.2M | $-270.6M |
毛利率ASORBLX
| Q4 25 | 35.7% | 77.7% | ||
| Q3 25 | 36.0% | 78.2% | ||
| Q2 25 | 34.0% | 78.2% | ||
| Q1 25 | 32.2% | 78.3% | ||
| Q4 24 | 34.0% | 77.9% | ||
| Q3 24 | 36.1% | 77.7% | ||
| Q2 24 | 33.4% | 77.8% | ||
| Q1 24 | 33.3% | 77.7% |
营业利润率ASORBLX
| Q4 25 | 7.3% | -25.3% | ||
| Q3 25 | 10.8% | -21.8% | ||
| Q2 25 | 5.1% | -29.8% | ||
| Q1 25 | 9.2% | -24.6% | ||
| Q4 24 | 6.8% | -24.7% | ||
| Q3 24 | 12.3% | -30.4% | ||
| Q2 24 | 7.5% | -26.6% | ||
| Q1 24 | 11.4% | -37.7% |
净利率ASORBLX
| Q4 25 | 5.2% | -22.3% | ||
| Q3 25 | 7.8% | -18.8% | ||
| Q2 25 | 3.4% | -25.8% | ||
| Q1 25 | 8.0% | -20.8% | ||
| Q4 24 | 4.9% | -22.2% | ||
| Q3 24 | 9.2% | -26.0% | ||
| Q2 24 | 5.6% | -23.0% | ||
| Q1 24 | 9.4% | -33.8% |
每股收益（稀释后）ASORBLX
| Q4 25 | $1.05 | $-0.44 | ||
| Q3 25 | $1.85 | $-0.37 | ||
| Q2 25 | $0.68 | $-0.41 | ||
| Q1 25 | $1.85 | $-0.32 | ||
| Q4 24 | $0.92 | $-0.32 | ||
| Q3 24 | $1.95 | $-0.37 | ||
| Q2 24 | $1.01 | $-0.32 | ||
| Q1 24 | $2.19 | $-0.43 |
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 | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $2.1B | $394.5M |
| 总资产 | $5.4B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资ASORBLX
| Q4 25 | $289.5M | $3.1B | ||
| Q3 25 | $300.9M | $2.9B | ||
| Q2 25 | $285.1M | $2.6B | ||
| Q1 25 | $288.9M | $2.7B | ||
| Q4 24 | $296.0M | $2.4B | ||
| Q3 24 | $324.6M | $2.3B | ||
| Q2 24 | $378.1M | $2.4B | ||
| Q1 24 | $347.9M | $2.4B |
总债务ASORBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ASORBLX
| Q4 25 | $2.1B | $394.5M | ||
| Q3 25 | $2.1B | $407.6M | ||
| Q2 25 | $1.9B | $353.2M | ||
| Q1 25 | $2.0B | $310.7M | ||
| Q4 24 | $2.0B | $221.4M | ||
| Q3 24 | $2.0B | $189.9M | ||
| Q2 24 | $1.9B | $121.5M | ||
| Q1 24 | $2.0B | $71.6M |
总资产ASORBLX
| Q4 25 | $5.4B | $9.6B | ||
| Q3 25 | $5.3B | $8.6B | ||
| Q2 25 | $5.2B | $7.8B | ||
| Q1 25 | $4.9B | $7.5B | ||
| Q4 24 | $5.1B | $7.2B | ||
| Q3 24 | $4.9B | $6.7B | ||
| Q2 24 | $4.9B | $6.5B | ||
| Q1 24 | $4.7B | $6.3B |
负债/权益比ASORBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| 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 | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $308.6M |
| 自由现金流率自由现金流/营收 | -1.0% | 21.8% |
| 资本支出强度资本支出/营收 | 4.5% | 21.1% |
| 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 | $1.4B |
8季度趋势，按日历期对齐
经营现金流ASORBLX
| Q4 25 | $49.0M | $607.0M | ||
| Q3 25 | $78.6M | $546.2M | ||
| Q2 25 | $157.5M | $199.3M | ||
| Q1 25 | $140.2M | $443.9M | ||
| Q4 24 | $96.9M | $184.5M | ||
| Q3 24 | $91.3M | $247.4M | ||
| Q2 24 | $199.7M | $151.4M | ||
| Q1 24 | $234.7M | $238.9M |
自由现金流ASORBLX
| Q4 25 | $-13.6M | $308.6M | ||
| Q3 25 | $21.8M | $443.6M | ||
| Q2 25 | $106.6M | $176.7M | ||
| Q1 25 | $76.4M | $426.5M | ||
| Q4 24 | $34.4M | $120.6M | ||
| Q3 24 | $50.1M | $218.0M | ||
| Q2 24 | $167.4M | $111.7M | ||
| Q1 24 | $178.9M | $192.3M |
自由现金流率ASORBLX
| Q4 25 | -1.0% | 21.8% | ||
| Q3 25 | 1.4% | 32.6% | ||
| Q2 25 | 7.9% | 16.3% | ||
| Q1 25 | 4.6% | 41.2% | ||
| Q4 24 | 2.6% | 12.2% | ||
| Q3 24 | 3.2% | 23.7% | ||
| Q2 24 | 12.3% | 12.5% | ||
| Q1 24 | 10.0% | 24.0% |
资本支出强度ASORBLX
| Q4 25 | 4.5% | 21.1% | ||
| Q3 25 | 3.5% | 7.5% | ||
| Q2 25 | 3.8% | 2.1% | ||
| Q1 25 | 3.8% | 1.7% | ||
| Q4 24 | 4.6% | 6.5% | ||
| Q3 24 | 2.7% | 3.2% | ||
| Q2 24 | 2.4% | 4.4% | ||
| Q1 24 | 3.1% | 5.8% |
现金转化率ASORBLX
| 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% |
RBLX
暂无分部数据
