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Academy Sports & Outdoors, Inc.（ASO）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
Academy Sports & Outdoors, Inc.的季度营收约是罗致恒富的1.1倍（$1.4B vs $1.3B），Academy Sports & Outdoors, Inc.同比增速更快（3.0% vs -5.8%），罗致恒富自由现金流更多（$170.8M vs $-13.6M），过去两年罗致恒富的营收复合增速更高（-6.1% 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。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
ASO vs RHI — 直观对比
营收规模更大
ASO
是对方的1.1倍
$1.3B
营收增速更快
ASO
高出8.8%
-5.8%
自由现金流更多
RHI
多$184.3M
$-13.6M
两年增速更快
RHI
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $71.6M | — |
| 毛利率 | 35.7% | 37.6% |
| 营业利润率 | 7.3% | 1.7% |
| 净利率 | 5.2% | — |
| 营收同比 | 3.0% | -5.8% |
| 净利润同比 | 8.8% | — |
| 每股收益（稀释后） | $1.05 | $0.32 |
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ASORHI
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.4B | $1.5B | ||
| Q1 24 | $1.8B | $1.5B |
净利润ASORHI
| Q4 25 | $71.6M | — | ||
| Q3 25 | $125.4M | $42.9M | ||
| Q2 25 | $46.1M | $41.0M | ||
| Q1 25 | $133.6M | $17.4M | ||
| Q4 24 | $65.8M | — | ||
| Q3 24 | $142.6M | $65.5M | ||
| Q2 24 | $76.5M | $68.2M | ||
| Q1 24 | $168.2M | $63.7M |
毛利率ASORHI
| Q4 25 | 35.7% | 37.6% | ||
| Q3 25 | 36.0% | 37.2% | ||
| Q2 25 | 34.0% | 37.2% | ||
| Q1 25 | 32.2% | 36.9% | ||
| Q4 24 | 34.0% | 38.8% | ||
| Q3 24 | 36.1% | 39.0% | ||
| Q2 24 | 33.4% | 39.2% | ||
| Q1 24 | 33.3% | 38.1% |
营业利润率ASORHI
| Q4 25 | 7.3% | 1.7% | ||
| Q3 25 | 10.8% | 1.0% | ||
| Q2 25 | 5.1% | 0.1% | ||
| Q1 25 | 9.2% | 2.9% | ||
| Q4 24 | 6.8% | 4.7% | ||
| Q3 24 | 12.3% | 4.1% | ||
| Q2 24 | 7.5% | 5.1% | ||
| Q1 24 | 11.4% | 2.8% |
净利率ASORHI
| Q4 25 | 5.2% | — | ||
| Q3 25 | 7.8% | 3.2% | ||
| Q2 25 | 3.4% | 3.0% | ||
| Q1 25 | 8.0% | 1.3% | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 9.2% | 4.5% | ||
| Q2 24 | 5.6% | 4.6% | ||
| Q1 24 | 9.4% | 4.3% |
每股收益（稀释后）ASORHI
| Q4 25 | $1.05 | $0.32 | ||
| Q3 25 | $1.85 | $0.43 | ||
| Q2 25 | $0.68 | $0.41 | ||
| Q1 25 | $1.85 | $0.17 | ||
| Q4 24 | $0.92 | $0.53 | ||
| Q3 24 | $1.95 | $0.64 | ||
| Q2 24 | $1.01 | $0.66 | ||
| Q1 24 | $2.19 | $0.61 |
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 | $464.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $1.3B |
| 总资产 | $5.4B | $2.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ASORHI
| Q4 25 | $289.5M | $464.4M | ||
| Q3 25 | $300.9M | $365.3M | ||
| Q2 25 | $285.1M | $380.5M | ||
| Q1 25 | $288.9M | $342.5M | ||
| Q4 24 | $296.0M | $537.6M | ||
| Q3 24 | $324.6M | $570.5M | ||
| Q2 24 | $378.1M | $547.4M | ||
| Q1 24 | $347.9M | $540.9M |
股东权益ASORHI
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | $2.0B | $1.4B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $1.9B | $1.5B | ||
| Q1 24 | $2.0B | $1.5B |
总资产ASORHI
| Q4 25 | $5.4B | $2.9B | ||
| Q3 25 | $5.3B | $2.8B | ||
| Q2 25 | $5.2B | $2.8B | ||
| Q1 25 | $4.9B | $2.7B | ||
| Q4 24 | $5.1B | $2.9B | ||
| Q3 24 | $4.9B | $3.0B | ||
| Q2 24 | $4.9B | $2.9B | ||
| Q1 24 | $4.7B | $2.9B |
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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $170.8M |
| 自由现金流率自由现金流/营收 | -1.0% | 13.1% |
| 资本支出强度资本支出/营收 | 4.5% | 0.9% |
| 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 | $266.8M |
8季度趋势，按日历期对齐
经营现金流ASORHI
| Q4 25 | $49.0M | $182.5M | ||
| Q3 25 | $78.6M | $77.4M | ||
| Q2 25 | $157.5M | $119.4M | ||
| Q1 25 | $140.2M | $-59.3M | ||
| Q4 24 | $96.9M | $154.8M | ||
| Q3 24 | $91.3M | $129.6M | ||
| Q2 24 | $199.7M | $142.0M | ||
| Q1 24 | $234.7M | $-15.9M |
自由现金流ASORHI
| Q4 25 | $-13.6M | $170.8M | ||
| Q3 25 | $21.8M | $63.6M | ||
| Q2 25 | $106.6M | $104.2M | ||
| Q1 25 | $76.4M | $-71.7M | ||
| Q4 24 | $34.4M | $140.5M | ||
| Q3 24 | $50.1M | $111.8M | ||
| Q2 24 | $167.4M | $129.6M | ||
| Q1 24 | $178.9M | $-27.7M |
自由现金流率ASORHI
| Q4 25 | -1.0% | 13.1% | ||
| Q3 25 | 1.4% | 4.7% | ||
| Q2 25 | 7.9% | 7.6% | ||
| Q1 25 | 4.6% | -5.3% | ||
| Q4 24 | 2.6% | 10.2% | ||
| Q3 24 | 3.2% | 7.6% | ||
| Q2 24 | 12.3% | 8.8% | ||
| Q1 24 | 10.0% | -1.9% |
资本支出强度ASORHI
| Q4 25 | 4.5% | 0.9% | ||
| Q3 25 | 3.5% | 1.0% | ||
| Q2 25 | 3.8% | 1.1% | ||
| Q1 25 | 3.8% | 0.9% | ||
| Q4 24 | 4.6% | 1.0% | ||
| Q3 24 | 2.7% | 1.2% | ||
| Q2 24 | 2.4% | 0.8% | ||
| Q1 24 | 3.1% | 0.8% |
现金转化率ASORHI
| Q4 25 | 0.68× | — | ||
| Q3 25 | 0.63× | 1.80× | ||
| Q2 25 | 3.42× | 2.91× | ||
| Q1 25 | 1.05× | -3.42× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | 1.98× | ||
| Q2 24 | 2.61× | 2.08× | ||
| Q1 24 | 1.40× | -0.25× |
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% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
