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Clarus Corp（CLAR）与Acushnet Holdings Corp.（GOLF）财务数据对比。点击上方公司名可切换其他公司
Acushnet Holdings Corp.的季度营收约是Clarus Corp的7.3倍（$477.2M vs $65.4M）。Acushnet Holdings Corp.净利率更高（-7.3% vs -47.8%，领先40.5%）。Acushnet Holdings Corp.同比增速更快（7.2% vs -8.4%）。Clarus Corp自由现金流更多（$11.6M vs $-23.3M）。过去两年Clarus Corp的营收复合增速更高（-2.9% vs -17.9%）
Clarus Corp是一家全球性企业，主营高性能户外休闲、登山、露营及生活方式产品的设计、生产与分销，旗下拥有多个知名消费品牌，为北美、欧洲及亚太地区的户外爱好者、专业运动员和零售合作伙伴提供创新耐用的运动装备。
Acushnet Holdings Corp.是一家专注于高尔夫赛道的美国企业，旗下运营多个知名品牌，产品品类覆盖高尔夫专业器材、运动服饰及相关配件，为全球高尔夫运动爱好者提供多元化的相关产品选择。
CLAR vs GOLF — 直观对比
营收规模更大
GOLF
是对方的7.3倍
$65.4M
营收增速更快
GOLF
高出15.6%
-8.4%
净利率更高
GOLF
高出40.5%
-47.8%
自由现金流更多
CLAR
多$34.9M
$-23.3M
两年增速更快
CLAR
近两年复合增速
-17.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $65.4M | $477.2M |
| 净利润 | $-31.3M | $-34.9M |
| 毛利率 | 27.7% | 44.1% |
| 营业利润率 | -59.6% | -3.8% |
| 净利率 | -47.8% | -7.3% |
| 营收同比 | -8.4% | 7.2% |
| 净利润同比 | 52.3% | -3027.3% |
| 每股收益（稀释后） | $-0.81 | $-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CLARGOLF
| Q4 25 | $65.4M | $477.2M | ||
| Q3 25 | $69.3M | $657.7M | ||
| Q2 25 | $55.2M | $720.5M | ||
| Q1 25 | $60.4M | $703.4M | ||
| Q4 24 | $71.4M | $445.2M | ||
| Q3 24 | $67.1M | $620.5M | ||
| Q2 24 | $56.5M | $683.9M | ||
| Q1 24 | $69.3M | $707.6M |
净利润CLARGOLF
| Q4 25 | $-31.3M | $-34.9M | ||
| Q3 25 | $-1.6M | $48.5M | ||
| Q2 25 | $-8.4M | $75.6M | ||
| Q1 25 | $-5.2M | $99.4M | ||
| Q4 24 | $-65.5M | $-1.1M | ||
| Q3 24 | $-3.2M | $56.2M | ||
| Q2 24 | $-5.5M | $71.4M | ||
| Q1 24 | $21.9M | $87.8M |
毛利率CLARGOLF
| Q4 25 | 27.7% | 44.1% | ||
| Q3 25 | 35.1% | 48.5% | ||
| Q2 25 | 35.6% | 49.2% | ||
| Q1 25 | 34.4% | 47.9% | ||
| Q4 24 | 33.4% | 22.6% | ||
| Q3 24 | 35.0% | 54.4% | ||
| Q2 24 | 36.1% | 54.4% | ||
| Q1 24 | 35.9% | 53.4% |
营业利润率CLARGOLF
| Q4 25 | -59.6% | -3.8% | ||
| Q3 25 | -4.4% | 14.1% | ||
| Q2 25 | -19.7% | 15.2% | ||
| Q1 25 | -11.2% | 16.3% | ||
| Q4 24 | -70.2% | -1.2% | ||
| Q3 24 | -8.0% | 13.2% | ||
| Q2 24 | -14.4% | 15.5% | ||
| Q1 24 | -9.8% | 17.2% |
净利率CLARGOLF
| Q4 25 | -47.8% | -7.3% | ||
| Q3 25 | -2.3% | 7.4% | ||
| Q2 25 | -15.3% | 10.5% | ||
| Q1 25 | -8.7% | 14.1% | ||
| Q4 24 | -91.8% | -0.3% | ||
| Q3 24 | -4.7% | 9.1% | ||
| Q2 24 | -9.7% | 10.4% | ||
| Q1 24 | 31.6% | 12.4% |
每股收益（稀释后）CLARGOLF
| Q4 25 | $-0.81 | $-0.57 | ||
| Q3 25 | $-0.04 | $0.81 | ||
| Q2 25 | $-0.22 | $1.25 | ||
| Q1 25 | $-0.14 | $1.62 | ||
| Q4 24 | $-1.72 | $0.02 | ||
| Q3 24 | $-0.08 | $0.89 | ||
| Q2 24 | $-0.14 | $1.11 | ||
| Q1 24 | $0.57 | $1.35 |
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 | $36.7M | — |
| 总债务越低越好 | $0 | $926.2M |
| 股东权益账面价值 | $196.4M | $783.6M |
| 总资产 | $249.0M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.00× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资CLARGOLF
| Q4 25 | $36.7M | — | ||
| Q3 25 | $29.5M | — | ||
| Q2 25 | $28.5M | — | ||
| Q1 25 | $41.3M | — | ||
| Q4 24 | $45.4M | — | ||
| Q3 24 | $36.4M | — | ||
| Q2 24 | $46.2M | — | ||
| Q1 24 | $47.5M | — |
总债务CLARGOLF
| Q4 25 | $0 | $926.2M | ||
| Q3 25 | $2.0M | — | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $1.9M | $753.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $37.0K | — |
股东权益CLARGOLF
| Q4 25 | $196.4M | $783.6M | ||
| Q3 25 | $225.8M | $852.3M | ||
| Q2 25 | $225.1M | $808.5M | ||
| Q1 25 | $229.3M | $780.3M | ||
| Q4 24 | $233.1M | $765.2M | ||
| Q3 24 | $308.5M | $863.9M | ||
| Q2 24 | $307.3M | $863.7M | ||
| Q1 24 | $310.4M | $883.7M |
总资产CLARGOLF
| Q4 25 | $249.0M | $2.3B | ||
| Q3 25 | $283.1M | $2.4B | ||
| Q2 25 | $286.5M | $2.4B | ||
| Q1 25 | $292.8M | $2.4B | ||
| Q4 24 | $294.1M | $2.2B | ||
| Q3 24 | $375.3M | $2.3B | ||
| Q2 24 | $369.4M | $2.3B | ||
| Q1 24 | $377.0M | $2.4B |
负债/权益比CLARGOLF
| Q4 25 | 0.00× | 1.18× | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | 0.98× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.00× | — |
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 | $12.5M | $-338.0K |
| 自由现金流经营现金流 - 资本支出 | $11.6M | $-23.3M |
| 自由现金流率自由现金流/营收 | 17.7% | -4.9% |
| 资本支出强度资本支出/营收 | 1.4% | 4.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-9.9M | $120.0M |
8季度趋势，按日历期对齐
经营现金流CLARGOLF
| Q4 25 | $12.5M | $-338.0K | ||
| Q3 25 | $-5.7M | $163.1M | ||
| Q2 25 | $-9.4M | $151.9M | ||
| Q1 25 | $-2.1M | $-120.3M | ||
| Q4 24 | $16.6M | $-1.1M | ||
| Q3 24 | $-8.3M | $144.1M | ||
| Q2 24 | $834.0K | $211.6M | ||
| Q1 24 | $-16.4M | $-109.5M |
自由现金流CLARGOLF
| Q4 25 | $11.6M | $-23.3M | ||
| Q3 25 | $-7.0M | $136.9M | ||
| Q2 25 | $-11.3M | $138.0M | ||
| Q1 25 | $-3.3M | $-131.5M | ||
| Q4 24 | $14.4M | $-33.2M | ||
| Q3 24 | $-9.4M | $123.7M | ||
| Q2 24 | $-744.0K | $196.8M | ||
| Q1 24 | $-18.3M | $-116.8M |
自由现金流率CLARGOLF
| Q4 25 | 17.7% | -4.9% | ||
| Q3 25 | -10.0% | 20.8% | ||
| Q2 25 | -20.4% | 19.2% | ||
| Q1 25 | -5.4% | -18.7% | ||
| Q4 24 | 20.1% | -7.5% | ||
| Q3 24 | -14.0% | 19.9% | ||
| Q2 24 | -1.3% | 28.8% | ||
| Q1 24 | -26.3% | -16.5% |
资本支出强度CLARGOLF
| Q4 25 | 1.4% | 4.8% | ||
| Q3 25 | 1.8% | 4.0% | ||
| Q2 25 | 3.4% | 1.9% | ||
| Q1 25 | 2.0% | 1.6% | ||
| Q4 24 | 3.1% | 7.2% | ||
| Q3 24 | 1.6% | 3.3% | ||
| Q2 24 | 2.8% | 2.2% | ||
| Q1 24 | 2.7% | 1.0% |
现金转化率CLARGOLF
| Q4 25 | — | — | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | — | 2.01× | ||
| Q1 25 | — | -1.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | — | 2.96× | ||
| Q1 24 | -0.75× | -1.25× |
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
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
GOLF
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
