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Academy Sports & Outdoors, Inc.（ASO）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是Academy Sports & Outdoors, Inc.的1.0倍（$1.4B vs $1.4B），瑞思迈净利率更高（27.6% vs 5.2%，领先22.4%），瑞思迈同比增速更快（11.0% vs 3.0%），瑞思迈自由现金流更多（$311.2M vs $-13.6M），过去两年瑞思迈的营收复合增速更高（9.0% 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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
ASO vs RMD — 直观对比
营收规模更大
RMD
是对方的1.0倍
$1.4B
营收增速更快
RMD
高出8.0%
3.0%
净利率更高
RMD
高出22.4%
5.2%
自由现金流更多
RMD
多$324.8M
$-13.6M
两年增速更快
RMD
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $71.6M | $392.6M |
| 毛利率 | 35.7% | 61.8% |
| 营业利润率 | 7.3% | 34.6% |
| 净利率 | 5.2% | 27.6% |
| 营收同比 | 3.0% | 11.0% |
| 净利润同比 | 8.8% | 13.9% |
| 每股收益（稀释后） | $1.05 | $2.68 |
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ASORMD
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.8B | $1.2B |
净利润ASORMD
| Q4 25 | $71.6M | $392.6M | ||
| Q3 25 | $125.4M | $348.5M | ||
| Q2 25 | $46.1M | $379.7M | ||
| Q1 25 | $133.6M | $365.0M | ||
| Q4 24 | $65.8M | $344.6M | ||
| Q3 24 | $142.6M | $311.4M | ||
| Q2 24 | $76.5M | $292.2M | ||
| Q1 24 | $168.2M | $300.5M |
毛利率ASORMD
| Q4 25 | 35.7% | 61.8% | ||
| Q3 25 | 36.0% | 61.5% | ||
| Q2 25 | 34.0% | 60.8% | ||
| Q1 25 | 32.2% | 59.3% | ||
| Q4 24 | 34.0% | 58.6% | ||
| Q3 24 | 36.1% | 58.6% | ||
| Q2 24 | 33.4% | 58.5% | ||
| Q1 24 | 33.3% | 57.9% |
营业利润率ASORMD
| Q4 25 | 7.3% | 34.6% | ||
| Q3 25 | 10.8% | 33.4% | ||
| Q2 25 | 5.1% | 33.7% | ||
| Q1 25 | 9.2% | 33.0% | ||
| Q4 24 | 6.8% | 32.5% | ||
| Q3 24 | 12.3% | 31.6% | ||
| Q2 24 | 7.5% | 31.2% | ||
| Q1 24 | 11.4% | 31.3% |
净利率ASORMD
| Q4 25 | 5.2% | 27.6% | ||
| Q3 25 | 7.8% | 26.1% | ||
| Q2 25 | 3.4% | 28.2% | ||
| Q1 25 | 8.0% | 28.3% | ||
| Q4 24 | 4.9% | 26.9% | ||
| Q3 24 | 9.2% | 25.4% | ||
| Q2 24 | 5.6% | 23.9% | ||
| Q1 24 | 9.4% | 25.1% |
每股收益（稀释后）ASORMD
| Q4 25 | $1.05 | $2.68 | ||
| Q3 25 | $1.85 | $2.37 | ||
| Q2 25 | $0.68 | $2.58 | ||
| Q1 25 | $1.85 | $2.48 | ||
| Q4 24 | $0.92 | $2.34 | ||
| Q3 24 | $1.95 | $2.11 | ||
| Q2 24 | $1.01 | $1.97 | ||
| Q1 24 | $2.19 | $2.04 |
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 | $1.4B |
| 总债务越低越好 | — | $403.9M |
| 股东权益账面价值 | $2.1B | $6.3B |
| 总资产 | $5.4B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资ASORMD
| Q4 25 | $289.5M | $1.4B | ||
| Q3 25 | $300.9M | $1.4B | ||
| Q2 25 | $285.1M | $1.2B | ||
| Q1 25 | $288.9M | $932.7M | ||
| Q4 24 | $296.0M | $521.9M | ||
| Q3 24 | $324.6M | $426.4M | ||
| Q2 24 | $378.1M | $238.4M | ||
| Q1 24 | $347.9M | $237.9M |
总债务ASORMD
| Q4 25 | — | $403.9M | ||
| Q3 25 | — | $408.7M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | — | $663.1M | ||
| Q4 24 | — | $662.9M | ||
| Q3 24 | — | $667.6M | ||
| Q2 24 | — | $697.3M | ||
| Q1 24 | — | $997.0M |
股东权益ASORMD
| Q4 25 | $2.1B | $6.3B | ||
| Q3 25 | $2.1B | $6.1B | ||
| Q2 25 | $1.9B | $6.0B | ||
| Q1 25 | $2.0B | $5.5B | ||
| Q4 24 | $2.0B | $5.3B | ||
| Q3 24 | $2.0B | $5.2B | ||
| Q2 24 | $1.9B | $4.9B | ||
| Q1 24 | $2.0B | $4.6B |
总资产ASORMD
| Q4 25 | $5.4B | $8.5B | ||
| Q3 25 | $5.3B | $8.3B | ||
| Q2 25 | $5.2B | $8.2B | ||
| Q1 25 | $4.9B | $7.6B | ||
| Q4 24 | $5.1B | $7.1B | ||
| Q3 24 | $4.9B | $7.2B | ||
| Q2 24 | $4.9B | $6.9B | ||
| Q1 24 | $4.7B | $6.8B |
负债/权益比ASORMD
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.22× |
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 | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $311.2M |
| 自由现金流率自由现金流/营收 | -1.0% | 21.9% |
| 资本支出强度资本支出/营收 | 4.5% | 2.0% |
| 现金转化率经营现金流/净利润 | 0.68× | 0.87× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $1.8B |
8季度趋势，按日历期对齐
经营现金流ASORMD
| Q4 25 | $49.0M | $339.7M | ||
| Q3 25 | $78.6M | $457.3M | ||
| Q2 25 | $157.5M | $538.8M | ||
| Q1 25 | $140.2M | $578.7M | ||
| Q4 24 | $96.9M | $308.6M | ||
| Q3 24 | $91.3M | $325.5M | ||
| Q2 24 | $199.7M | $440.1M | ||
| Q1 24 | $234.7M | $402.0M |
自由现金流ASORMD
| Q4 25 | $-13.6M | $311.2M | ||
| Q3 25 | $21.8M | $414.4M | ||
| Q2 25 | $106.6M | $508.2M | ||
| Q1 25 | $76.4M | $557.9M | ||
| Q4 24 | $34.4M | $288.0M | ||
| Q3 24 | $50.1M | $307.7M | ||
| Q2 24 | $167.4M | $415.2M | ||
| Q1 24 | $178.9M | $380.8M |
自由现金流率ASORMD
| Q4 25 | -1.0% | 21.9% | ||
| Q3 25 | 1.4% | 31.0% | ||
| Q2 25 | 7.9% | 37.7% | ||
| Q1 25 | 4.6% | 43.2% | ||
| Q4 24 | 2.6% | 22.5% | ||
| Q3 24 | 3.2% | 25.1% | ||
| Q2 24 | 12.3% | 33.9% | ||
| Q1 24 | 10.0% | 31.8% |
资本支出强度ASORMD
| Q4 25 | 4.5% | 2.0% | ||
| Q3 25 | 3.5% | 3.2% | ||
| Q2 25 | 3.8% | 2.3% | ||
| Q1 25 | 3.8% | 1.6% | ||
| Q4 24 | 4.6% | 1.6% | ||
| Q3 24 | 2.7% | 1.5% | ||
| Q2 24 | 2.4% | 2.0% | ||
| Q1 24 | 3.1% | 1.8% |
现金转化率ASORMD
| Q4 25 | 0.68× | 0.87× | ||
| Q3 25 | 0.63× | 1.31× | ||
| Q2 25 | 3.42× | 1.42× | ||
| Q1 25 | 1.05× | 1.59× | ||
| Q4 24 | 1.47× | 0.90× | ||
| Q3 24 | 0.64× | 1.05× | ||
| Q2 24 | 2.61× | 1.51× | ||
| Q1 24 | 1.40× | 1.34× |
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% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
