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Academy Sports & Outdoors, Inc.（ASO）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
Academy Sports & Outdoors, Inc.的季度营收约是越洋钻探的1.3倍（$1.4B vs $1.0B），Academy Sports & Outdoors, Inc.净利率更高（5.2% vs 2.4%，领先2.8%），越洋钻探同比增速更快（9.6% vs 3.0%），越洋钻探自由现金流更多（$321.0M vs $-13.6M），过去两年越洋钻探的营收复合增速更高（16.9% 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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
ASO vs RIG — 直观对比
营收规模更大
ASO
是对方的1.3倍
$1.0B
营收增速更快
RIG
高出6.6%
3.0%
净利率更高
ASO
高出2.8%
2.4%
自由现金流更多
RIG
多$334.6M
$-13.6M
两年增速更快
RIG
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.0B |
| 净利润 | $71.6M | $25.0M |
| 毛利率 | 35.7% | 42.0% |
| 营业利润率 | 7.3% | 23.0% |
| 净利率 | 5.2% | 2.4% |
| 营收同比 | 3.0% | 9.6% |
| 净利润同比 | 8.8% | 257.1% |
| 每股收益（稀释后） | $1.05 | $0.13 |
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ASORIG
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.6B | $1.0B | ||
| Q2 25 | $1.4B | $988.0M | ||
| Q1 25 | $1.7B | $906.0M | ||
| Q4 24 | $1.3B | $952.0M | ||
| Q3 24 | $1.5B | $948.0M | ||
| Q2 24 | $1.4B | $861.0M | ||
| Q1 24 | $1.8B | $763.0M |
净利润ASORIG
| Q4 25 | $71.6M | $25.0M | ||
| Q3 25 | $125.4M | $-1.9B | ||
| Q2 25 | $46.1M | $-938.0M | ||
| Q1 25 | $133.6M | $-79.0M | ||
| Q4 24 | $65.8M | $7.0M | ||
| Q3 24 | $142.6M | $-494.0M | ||
| Q2 24 | $76.5M | $-123.0M | ||
| Q1 24 | $168.2M | $98.0M |
毛利率ASORIG
| Q4 25 | 35.7% | 42.0% | ||
| Q3 25 | 36.0% | 43.2% | ||
| Q2 25 | 34.0% | 39.4% | ||
| Q1 25 | 32.2% | 31.8% | ||
| Q4 24 | 34.0% | 39.2% | ||
| Q3 24 | 36.1% | 40.6% | ||
| Q2 24 | 33.4% | 38.0% | ||
| Q1 24 | 33.3% | 31.5% |
营业利润率ASORIG
| Q4 25 | 7.3% | 23.0% | ||
| Q3 25 | 10.8% | -163.1% | ||
| Q2 25 | 5.1% | -97.6% | ||
| Q1 25 | 9.2% | 7.1% | ||
| Q4 24 | 6.8% | 13.7% | ||
| Q3 24 | 12.3% | -51.2% | ||
| Q2 24 | 7.5% | -6.9% | ||
| Q1 24 | 11.4% | -0.4% |
净利率ASORIG
| Q4 25 | 5.2% | 2.4% | ||
| Q3 25 | 7.8% | -187.1% | ||
| Q2 25 | 3.4% | -94.9% | ||
| Q1 25 | 8.0% | -8.7% | ||
| Q4 24 | 4.9% | 0.7% | ||
| Q3 24 | 9.2% | -52.1% | ||
| Q2 24 | 5.6% | -14.3% | ||
| Q1 24 | 9.4% | 12.8% |
每股收益（稀释后）ASORIG
| Q4 25 | $1.05 | $0.13 | ||
| Q3 25 | $1.85 | $-2.00 | ||
| Q2 25 | $0.68 | $-1.06 | ||
| Q1 25 | $1.85 | $-0.11 | ||
| Q4 24 | $0.92 | $-0.14 | ||
| Q3 24 | $1.95 | $-0.58 | ||
| Q2 24 | $1.01 | $-0.15 | ||
| Q1 24 | $2.19 | $0.11 |
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 | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $2.1B | $8.1B |
| 总资产 | $5.4B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资ASORIG
| Q4 25 | $289.5M | $620.0M | ||
| Q3 25 | $300.9M | $833.0M | ||
| Q2 25 | $285.1M | $377.0M | ||
| Q1 25 | $288.9M | $263.0M | ||
| Q4 24 | $296.0M | $560.0M | ||
| Q3 24 | $324.6M | $435.0M | ||
| Q2 24 | $378.1M | $475.0M | ||
| Q1 24 | $347.9M | $446.0M |
总债务ASORIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益ASORIG
| Q4 25 | $2.1B | $8.1B | ||
| Q3 25 | $2.1B | $8.1B | ||
| Q2 25 | $1.9B | $9.4B | ||
| Q1 25 | $2.0B | $10.2B | ||
| Q4 24 | $2.0B | $10.3B | ||
| Q3 24 | $2.0B | $10.2B | ||
| Q2 24 | $1.9B | $10.7B | ||
| Q1 24 | $2.0B | $10.5B |
总资产ASORIG
| Q4 25 | $5.4B | $15.6B | ||
| Q3 25 | $5.3B | $16.2B | ||
| Q2 25 | $5.2B | $17.8B | ||
| Q1 25 | $4.9B | $19.0B | ||
| Q4 24 | $5.1B | $19.4B | ||
| Q3 24 | $4.9B | $19.5B | ||
| Q2 24 | $4.9B | $20.3B | ||
| Q1 24 | $4.7B | $19.9B |
负债/权益比ASORIG
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $321.0M |
| 自由现金流率自由现金流/营收 | -1.0% | 30.8% |
| 资本支出强度资本支出/营收 | 4.5% | 2.7% |
| 现金转化率经营现金流/净利润 | 0.68× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $626.0M |
8季度趋势，按日历期对齐
经营现金流ASORIG
| Q4 25 | $49.0M | $349.0M | ||
| Q3 25 | $78.6M | $246.0M | ||
| Q2 25 | $157.5M | $128.0M | ||
| Q1 25 | $140.2M | $26.0M | ||
| Q4 24 | $96.9M | $206.0M | ||
| Q3 24 | $91.3M | $194.0M | ||
| Q2 24 | $199.7M | $133.0M | ||
| Q1 24 | $234.7M | $-86.0M |
自由现金流ASORIG
| Q4 25 | $-13.6M | $321.0M | ||
| Q3 25 | $21.8M | $235.0M | ||
| Q2 25 | $106.6M | $104.0M | ||
| Q1 25 | $76.4M | $-34.0M | ||
| Q4 24 | $34.4M | $177.0M | ||
| Q3 24 | $50.1M | $136.0M | ||
| Q2 24 | $167.4M | $49.0M | ||
| Q1 24 | $178.9M | $-169.0M |
自由现金流率ASORIG
| Q4 25 | -1.0% | 30.8% | ||
| Q3 25 | 1.4% | 22.9% | ||
| Q2 25 | 7.9% | 10.5% | ||
| Q1 25 | 4.6% | -3.8% | ||
| Q4 24 | 2.6% | 18.6% | ||
| Q3 24 | 3.2% | 14.3% | ||
| Q2 24 | 12.3% | 5.7% | ||
| Q1 24 | 10.0% | -22.1% |
资本支出强度ASORIG
| Q4 25 | 4.5% | 2.7% | ||
| Q3 25 | 3.5% | 1.1% | ||
| Q2 25 | 3.8% | 2.4% | ||
| Q1 25 | 3.8% | 6.6% | ||
| Q4 24 | 4.6% | 3.0% | ||
| Q3 24 | 2.7% | 6.1% | ||
| Q2 24 | 2.4% | 9.8% | ||
| Q1 24 | 3.1% | 10.9% |
现金转化率ASORIG
| Q4 25 | 0.68× | 13.96× | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 3.42× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | 29.43× | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 2.61× | — | ||
| Q1 24 | 1.40× | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
