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Academy Sports & Outdoors, Inc.（ASO）与捷迈邦美（ZBH）财务数据对比。点击上方公司名可切换其他公司
捷迈邦美的季度营收约是Academy Sports & Outdoors, Inc.的1.5倍（$2.1B vs $1.4B），捷迈邦美净利率更高（11.4% vs 5.2%，领先6.2%），捷迈邦美同比增速更快（9.3% vs 3.0%），捷迈邦美自由现金流更多（$245.9M vs $-13.6M），过去两年捷迈邦美的营收复合增速更高（3.7% 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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
ASO vs ZBH — 直观对比
营收规模更大
ZBH
是对方的1.5倍
$1.4B
营收增速更快
ZBH
高出6.3%
3.0%
净利率更高
ZBH
高出6.2%
5.2%
自由现金流更多
ZBH
多$259.5M
$-13.6M
两年增速更快
ZBH
近两年复合增速
-12.2%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.1B |
| 净利润 | $71.6M | $238.3M |
| 毛利率 | 35.7% | 64.6% |
| 营业利润率 | 7.3% | 17.9% |
| 净利率 | 5.2% | 11.4% |
| 营收同比 | 3.0% | 9.3% |
| 净利润同比 | 8.8% | 30.5% |
| 每股收益（稀释后） | $1.05 | $1.22 |
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ASOZBH
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.4B | $2.2B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.7B | $1.9B | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.4B | $1.9B |
净利润ASOZBH
| Q1 26 | — | $238.3M | ||
| Q4 25 | $71.6M | $139.4M | ||
| Q3 25 | $125.4M | $230.9M | ||
| Q2 25 | $46.1M | $152.8M | ||
| Q1 25 | $133.6M | $182.0M | ||
| Q4 24 | $65.8M | $239.5M | ||
| Q3 24 | $142.6M | $249.1M | ||
| Q2 24 | $76.5M | $242.8M |
毛利率ASOZBH
| Q1 26 | — | 64.6% | ||
| Q4 25 | 35.7% | 64.7% | ||
| Q3 25 | 36.0% | 72.1% | ||
| Q2 25 | 34.0% | 71.5% | ||
| Q1 25 | 32.2% | 71.2% | ||
| Q4 24 | 34.0% | 71.0% | ||
| Q3 24 | 36.1% | 70.5% | ||
| Q2 24 | 33.4% | 71.5% |
营业利润率ASOZBH
| Q1 26 | — | 17.9% | ||
| Q4 25 | 7.3% | 6.9% | ||
| Q3 25 | 10.8% | 17.6% | ||
| Q2 25 | 5.1% | 14.4% | ||
| Q1 25 | 9.2% | 15.3% | ||
| Q4 24 | 6.8% | 19.2% | ||
| Q3 24 | 12.3% | 15.3% | ||
| Q2 24 | 7.5% | 18.1% |
净利率ASOZBH
| Q1 26 | — | 11.4% | ||
| Q4 25 | 5.2% | 6.2% | ||
| Q3 25 | 7.8% | 11.5% | ||
| Q2 25 | 3.4% | 7.4% | ||
| Q1 25 | 8.0% | 9.5% | ||
| Q4 24 | 4.9% | 11.8% | ||
| Q3 24 | 9.2% | 13.7% | ||
| Q2 24 | 5.6% | 12.5% |
每股收益（稀释后）ASOZBH
| Q1 26 | — | $1.22 | ||
| Q4 25 | $1.05 | $0.71 | ||
| Q3 25 | $1.85 | $1.16 | ||
| Q2 25 | $0.68 | $0.77 | ||
| Q1 25 | $1.85 | $0.91 | ||
| Q4 24 | $0.92 | $1.18 | ||
| Q3 24 | $1.95 | $1.23 | ||
| Q2 24 | $1.01 | $1.18 |
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 | $424.2M |
| 总债务越低越好 | — | $7.5B |
| 股东权益账面价值 | $2.1B | $12.7B |
| 总资产 | $5.4B | $22.7B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资ASOZBH
| Q1 26 | — | $424.2M | ||
| Q4 25 | $289.5M | $591.9M | ||
| Q3 25 | $300.9M | $1.3B | ||
| Q2 25 | $285.1M | $556.9M | ||
| Q1 25 | $288.9M | $1.4B | ||
| Q4 24 | $296.0M | $525.5M | ||
| Q3 24 | $324.6M | $569.0M | ||
| Q2 24 | $378.1M | $420.1M |
总债务ASOZBH
| Q1 26 | — | $7.5B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ASOZBH
| Q1 26 | — | $12.7B | ||
| Q4 25 | $2.1B | $12.7B | ||
| Q3 25 | $2.1B | $12.8B | ||
| Q2 25 | $1.9B | $12.5B | ||
| Q1 25 | $2.0B | $12.4B | ||
| Q4 24 | $2.0B | $12.5B | ||
| Q3 24 | $2.0B | $12.4B | ||
| Q2 24 | $1.9B | $12.7B |
总资产ASOZBH
| Q1 26 | — | $22.7B | ||
| Q4 25 | $5.4B | $23.1B | ||
| Q3 25 | $5.3B | $23.5B | ||
| Q2 25 | $5.2B | $22.9B | ||
| Q1 25 | $4.9B | $22.2B | ||
| Q4 24 | $5.1B | $21.4B | ||
| Q3 24 | $4.9B | $21.7B | ||
| Q2 24 | $4.9B | $21.5B |
负债/权益比ASOZBH
| Q1 26 | — | 0.59× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $359.4M |
| 自由现金流经营现金流 - 资本支出 | $-13.6M | $245.9M |
| 自由现金流率自由现金流/营收 | -1.0% | 11.8% |
| 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× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $191.4M | $1.4B |
8季度趋势，按日历期对齐
经营现金流ASOZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $49.0M | $517.4M | ||
| Q3 25 | $78.6M | $418.7M | ||
| Q2 25 | $157.5M | $378.2M | ||
| Q1 25 | $140.2M | $382.8M | ||
| Q4 24 | $96.9M | $506.3M | ||
| Q3 24 | $91.3M | $395.7M | ||
| Q2 24 | $199.7M | $369.4M |
自由现金流ASOZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | $-13.6M | $442.6M | ||
| Q3 25 | $21.8M | $363.7M | ||
| Q2 25 | $106.6M | $328.1M | ||
| Q1 25 | $76.4M | $338.2M | ||
| Q4 24 | $34.4M | $454.8M | ||
| Q3 24 | $50.1M | $351.2M | ||
| Q2 24 | $167.4M | $316.7M |
自由现金流率ASOZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | -1.0% | 19.7% | ||
| Q3 25 | 1.4% | 18.2% | ||
| Q2 25 | 7.9% | 15.8% | ||
| Q1 25 | 4.6% | 17.7% | ||
| Q4 24 | 2.6% | 22.5% | ||
| Q3 24 | 3.2% | 19.3% | ||
| Q2 24 | 12.3% | 16.3% |
资本支出强度ASOZBH
| Q1 26 | — | — | ||
| Q4 25 | 4.5% | 3.3% | ||
| Q3 25 | 3.5% | 2.7% | ||
| Q2 25 | 3.8% | 2.4% | ||
| Q1 25 | 3.8% | 2.3% | ||
| Q4 24 | 4.6% | 2.5% | ||
| Q3 24 | 2.7% | 2.4% | ||
| Q2 24 | 2.4% | 2.7% |
现金转化率ASOZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | 0.68× | 3.71× | ||
| Q3 25 | 0.63× | 1.81× | ||
| Q2 25 | 3.42× | 2.48× | ||
| Q1 25 | 1.05× | 2.10× | ||
| Q4 24 | 1.47× | 2.11× | ||
| Q3 24 | 0.64× | 1.59× | ||
| Q2 24 | 2.61× | 1.52× |
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% |
ZBH
暂无分部数据
