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Academy Sports & Outdoors, Inc.（ASO）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）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SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的4.2倍（$1.4B vs $331.3M）。Academy Sports & Outdoors, Inc.净利率更高（5.2% vs 0.0%，领先5.2%）。Academy Sports & Outdoors, Inc.同比增速更快（3.0% vs 2.2%）。SPORTSMAN'S WAREHOUSE HOLDINGS, INC.自由现金流更多（$8.7M vs $-13.6M）。过去两年SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的营收复合增速更高（-5.4% 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。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
ASO vs SPWH — 直观对比
损益表 — Q4 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $331.3M |
| 净利润 | $71.6M | $8.0K |
| 毛利率 | 35.7% | 32.8% |
| 营业利润率 | 7.3% | 1.3% |
| 净利率 | 5.2% | 0.0% |
| 营收同比 | 3.0% | 2.2% |
| 净利润同比 | 8.8% | -97.8% |
| 每股收益（稀释后） | $1.05 | $0.00 |
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
| Q4 25 | $1.4B | $331.3M | ||
| Q3 25 | $1.6B | $293.9M | ||
| Q2 25 | $1.4B | $249.1M | ||
| Q1 25 | $1.7B | $340.4M | ||
| Q4 24 | $1.3B | $324.3M | ||
| Q3 24 | $1.5B | $288.7M | ||
| Q2 24 | $1.4B | $244.2M | ||
| Q1 24 | $1.8B | $370.4M |
| Q4 25 | $71.6M | $8.0K | ||
| Q3 25 | $125.4M | $-7.1M | ||
| Q2 25 | $46.1M | $-21.3M | ||
| Q1 25 | $133.6M | $-8.7M | ||
| Q4 24 | $65.8M | $-364.0K | ||
| Q3 24 | $142.6M | $-5.9M | ||
| Q2 24 | $76.5M | $-18.1M | ||
| Q1 24 | $168.2M | $-8.7M |
| Q4 25 | 35.7% | 32.8% | ||
| Q3 25 | 36.0% | 32.0% | ||
| Q2 25 | 34.0% | 30.4% | ||
| Q1 25 | 32.2% | 30.4% | ||
| Q4 24 | 34.0% | 31.8% | ||
| Q3 24 | 36.1% | 31.2% | ||
| Q2 24 | 33.4% | 30.2% | ||
| Q1 24 | 33.3% | 26.8% |
| Q4 25 | 7.3% | 1.3% | ||
| Q3 25 | 10.8% | -1.1% | ||
| Q2 25 | 5.1% | -7.9% | ||
| Q1 25 | 9.2% | 1.1% | ||
| Q4 24 | 6.8% | 1.0% | ||
| Q3 24 | 12.3% | -1.5% | ||
| Q2 24 | 7.5% | -8.4% | ||
| Q1 24 | 11.4% | -2.1% |
| Q4 25 | 5.2% | 0.0% | ||
| Q3 25 | 7.8% | -2.4% | ||
| Q2 25 | 3.4% | -8.5% | ||
| Q1 25 | 8.0% | -2.6% | ||
| Q4 24 | 4.9% | -0.1% | ||
| Q3 24 | 9.2% | -2.0% | ||
| Q2 24 | 5.6% | -7.4% | ||
| Q1 24 | 9.4% | -2.4% |
| Q4 25 | $1.05 | $0.00 | ||
| Q3 25 | $1.85 | $-0.18 | ||
| Q2 25 | $0.68 | $-0.56 | ||
| Q1 25 | $1.85 | $-0.22 | ||
| Q4 24 | $0.92 | $-0.01 | ||
| Q3 24 | $1.95 | $-0.16 | ||
| Q2 24 | $1.01 | $-0.48 | ||
| Q1 24 | $2.19 | $-0.22 |
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 | $2.2M |
| 总债务越低越好 | — | $44.0M |
| 股东权益账面价值 | $2.1B | $209.5M |
| 总资产 | $5.4B | $913.9M |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
| Q4 25 | $289.5M | $2.2M | ||
| Q3 25 | $300.9M | $1.8M | ||
| Q2 25 | $285.1M | $3.6M | ||
| Q1 25 | $288.9M | $2.8M | ||
| Q4 24 | $296.0M | $2.7M | ||
| Q3 24 | $324.6M | $2.6M | ||
| Q2 24 | $378.1M | $2.2M | ||
| Q1 24 | $347.9M | $3.1M |
| Q4 25 | — | $44.0M | ||
| Q3 25 | — | $43.9M | ||
| Q2 25 | — | $24.1M | ||
| Q1 25 | — | $24.1M | ||
| Q4 24 | — | $24.0M | ||
| Q3 24 | — | $24.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.1B | $209.5M | ||
| Q3 25 | $2.1B | $208.9M | ||
| Q2 25 | $1.9B | $215.1M | ||
| Q1 25 | $2.0B | $235.7M | ||
| Q4 24 | $2.0B | $243.6M | ||
| Q3 24 | $2.0B | $243.0M | ||
| Q2 24 | $1.9B | $247.5M | ||
| Q1 24 | $2.0B | $264.6M |
| Q4 25 | $5.4B | $913.9M | ||
| Q3 25 | $5.3B | $948.9M | ||
| Q2 25 | $5.2B | $929.7M | ||
| Q1 25 | $4.9B | $852.1M | ||
| Q4 24 | $5.1B | $967.7M | ||
| Q3 24 | $4.9B | $901.9M | ||
| Q2 24 | $4.9B | $930.4M | ||
| Q1 24 | $4.7B | $886.2M |
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.10× | ||
| 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 | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $8.7M |
| 自由现金流率自由现金流/营收 | -1.0% | 2.6% |
| 资本支出强度资本支出/营收 | 4.5% | 2.3% |
| 现金转化率经营现金流/净利润 | 0.68× | 2038.00× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $-39.7M |
8季度趋势，按日历期对齐
| Q4 25 | $49.0M | $16.3M | ||
| Q3 25 | $78.6M | $-26.6M | ||
| Q2 25 | $157.5M | $-60.2M | ||
| Q1 25 | $140.2M | $52.8M | ||
| Q4 24 | $96.9M | $-2.5M | ||
| Q3 24 | $91.3M | $18.5M | ||
| Q2 24 | $199.7M | $-34.6M | ||
| Q1 24 | $234.7M | $68.9M |
| Q4 25 | $-13.6M | $8.7M | ||
| Q3 25 | $21.8M | $-33.9M | ||
| Q2 25 | $106.6M | $-64.0M | ||
| Q1 25 | $76.4M | $49.6M | ||
| Q4 24 | $34.4M | $-6.2M | ||
| Q3 24 | $50.1M | $14.1M | ||
| Q2 24 | $167.4M | $-38.0M | ||
| Q1 24 | $178.9M | $60.2M |
| Q4 25 | -1.0% | 2.6% | ||
| Q3 25 | 1.4% | -11.5% | ||
| Q2 25 | 7.9% | -25.7% | ||
| Q1 25 | 4.6% | 14.6% | ||
| Q4 24 | 2.6% | -1.9% | ||
| Q3 24 | 3.2% | 4.9% | ||
| Q2 24 | 12.3% | -15.5% | ||
| Q1 24 | 10.0% | 16.2% |
| Q4 25 | 4.5% | 2.3% | ||
| Q3 25 | 3.5% | 2.5% | ||
| Q2 25 | 3.8% | 1.5% | ||
| Q1 25 | 3.8% | 1.0% | ||
| Q4 24 | 4.6% | 1.1% | ||
| Q3 24 | 2.7% | 1.5% | ||
| Q2 24 | 2.4% | 1.4% | ||
| Q1 24 | 3.1% | 2.4% |
| Q4 25 | 0.68× | 2038.00× | ||
| 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% |
SPWH
暂无分部数据
