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Academy Sports & Outdoors, Inc.（ASO）与ROKU, INC（ROKU）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ROKU, INC的1.1倍（$1.4B vs $1.2B），Academy Sports & Outdoors, Inc.净利率更高（5.2% vs -2.2%，领先7.4%），Academy Sports & Outdoors, Inc.同比增速更快（3.0% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $-13.6M），过去两年ROKU, INC的营收复合增速更高（13.6% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
ASO vs ROKU — 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
ASO
高出21.3%
-18.3%
净利率更高
ASO
高出7.4%
-2.2%
自由现金流更多
ROKU
多$312.0M
$-13.6M
两年增速更快
ROKU
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $71.6M | $-27.4M |
| 毛利率 | 35.7% | 35.6% |
| 营业利润率 | 7.3% | 59.7% |
| 净利率 | 5.2% | -2.2% |
| 营收同比 | 3.0% | -18.3% |
| 净利润同比 | 8.8% | -361.0% |
| 每股收益（稀释后） | $1.05 | $0.57 |
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ASOROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.4B | $968.2M |
净利润ASOROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $71.6M | $80.5M | ||
| Q3 25 | $125.4M | $24.8M | ||
| Q2 25 | $46.1M | $10.5M | ||
| Q1 25 | $133.6M | $-27.4M | ||
| Q4 24 | $65.8M | $-35.5M | ||
| Q3 24 | $142.6M | $-9.0M | ||
| Q2 24 | $76.5M | $-34.0M |
毛利率ASOROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 35.7% | 43.5% | ||
| Q3 25 | 36.0% | 43.4% | ||
| Q2 25 | 34.0% | 44.8% | ||
| Q1 25 | 32.2% | 43.6% | ||
| Q4 24 | 34.0% | 42.7% | ||
| Q3 24 | 36.1% | 45.2% | ||
| Q2 24 | 33.4% | 43.9% |
营业利润率ASOROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 7.3% | 4.7% | ||
| Q3 25 | 10.8% | 0.8% | ||
| Q2 25 | 5.1% | -2.1% | ||
| Q1 25 | 9.2% | -5.7% | ||
| Q4 24 | 6.8% | -3.3% | ||
| Q3 24 | 12.3% | -3.4% | ||
| Q2 24 | 7.5% | -7.4% |
净利率ASOROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 5.2% | 5.8% | ||
| Q3 25 | 7.8% | 2.0% | ||
| Q2 25 | 3.4% | 0.9% | ||
| Q1 25 | 8.0% | -2.7% | ||
| Q4 24 | 4.9% | -3.0% | ||
| Q3 24 | 9.2% | -0.9% | ||
| Q2 24 | 5.6% | -3.5% |
每股收益（稀释后）ASOROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $1.05 | $0.55 | ||
| Q3 25 | $1.85 | $0.16 | ||
| Q2 25 | $0.68 | $0.07 | ||
| Q1 25 | $1.85 | $-0.19 | ||
| Q4 24 | $0.92 | $-0.24 | ||
| Q3 24 | $1.95 | $-0.06 | ||
| Q2 24 | $1.01 | $-0.24 |
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 | $2.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $2.7B |
| 总资产 | $5.4B | $4.4B |
| 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ASOROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $289.5M | $2.3B | ||
| Q3 25 | $300.9M | $2.3B | ||
| Q2 25 | $285.1M | $2.3B | ||
| Q1 25 | $288.9M | $2.3B | ||
| Q4 24 | $296.0M | $2.2B | ||
| Q3 24 | $324.6M | $2.1B | ||
| Q2 24 | $378.1M | $2.1B |
股东权益ASOROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.1B | $2.7B | ||
| Q3 25 | $2.1B | $2.6B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $2.0B | $2.5B | ||
| Q4 24 | $2.0B | $2.5B | ||
| Q3 24 | $2.0B | $2.5B | ||
| Q2 24 | $1.9B | $2.4B |
总资产ASOROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $5.4B | $4.4B | ||
| Q3 25 | $5.3B | $4.4B | ||
| Q2 25 | $5.2B | $4.3B | ||
| Q1 25 | $4.9B | $4.2B | ||
| Q4 24 | $5.1B | $4.3B | ||
| Q3 24 | $4.9B | $4.3B | ||
| Q2 24 | $4.9B | $4.1B |
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 | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $298.4M |
| 自由现金流率自由现金流/营收 | -1.0% | 23.9% |
| 资本支出强度资本支出/营收 | 4.5% | — |
| 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 | $640.0M |
8季度趋势，按日历期对齐
经营现金流ASOROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $49.0M | $107.7M | ||
| Q3 25 | $78.6M | $127.6M | ||
| Q2 25 | $157.5M | $109.7M | ||
| Q1 25 | $140.2M | $138.7M | ||
| Q4 24 | $96.9M | $79.3M | ||
| Q3 24 | $91.3M | $68.7M | ||
| Q2 24 | $199.7M | $23.4M |
自由现金流ASOROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $-13.6M | $106.6M | ||
| Q3 25 | $21.8M | $126.5M | ||
| Q2 25 | $106.6M | $108.6M | ||
| Q1 25 | $76.4M | $136.8M | ||
| Q4 24 | $34.4M | $76.8M | ||
| Q3 24 | $50.1M | $67.6M | ||
| Q2 24 | $167.4M | $22.5M |
自由现金流率ASOROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | -1.0% | 7.6% | ||
| Q3 25 | 1.4% | 10.4% | ||
| Q2 25 | 7.9% | 9.8% | ||
| Q1 25 | 4.6% | 13.4% | ||
| Q4 24 | 2.6% | 6.4% | ||
| Q3 24 | 3.2% | 6.4% | ||
| Q2 24 | 12.3% | 2.3% |
资本支出强度ASOROKU
| Q1 26 | — | — | ||
| Q4 25 | 4.5% | 0.1% | ||
| Q3 25 | 3.5% | 0.1% | ||
| Q2 25 | 3.8% | 0.1% | ||
| Q1 25 | 3.8% | 0.2% | ||
| Q4 24 | 4.6% | 0.2% | ||
| Q3 24 | 2.7% | 0.1% | ||
| Q2 24 | 2.4% | 0.1% |
现金转化率ASOROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 1.34× | ||
| Q3 25 | 0.63× | 5.14× | ||
| Q2 25 | 3.42× | 10.45× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 2.61× | — |
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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
