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EXPONENT INC（EXPO）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
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的季度营收约是EXPONENT INC的2.0倍（$331.3M vs $166.3M），EXPONENT INC净利率更高（17.8% vs 0.0%，领先17.8%），EXPONENT INC同比增速更快（14.3% vs 2.2%），过去两年EXPONENT INC的营收复合增速更高（8.8% vs -5.4%）
Exponent Inc.是美国知名工程与科学咨询企业，汇集科学家、医师、工程师及商业咨询专家，可在90余个技术领域开展研究与分析工作，目前在美国本土设有20个办事处，境外另有5个办事网点。
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。
EXPO vs SPWH — 直观对比
营收规模更大
SPWH
是对方的2.0倍
$166.3M
营收增速更快
EXPO
高出12.1%
2.2%
净利率更高
EXPO
高出17.8%
0.0%
两年增速更快
EXPO
近两年复合增速
-5.4%
损益表 — Q1 FY2027 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $166.3M | $331.3M |
| 净利润 | $29.6M | $8.0K |
| 毛利率 | — | 32.8% |
| 营业利润率 | 24.9% | 1.3% |
| 净利率 | 17.8% | 0.0% |
| 营收同比 | 14.3% | 2.2% |
| 净利润同比 | 11.0% | -97.8% |
| 每股收益（稀释后） | $0.59 | $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
营收EXPOSPWH
| Q1 26 | $166.3M | — | ||
| Q4 25 | $147.1M | $331.3M | ||
| Q3 25 | $142.0M | $293.9M | ||
| Q2 25 | $145.5M | $249.1M | ||
| Q1 25 | $136.8M | $340.4M | ||
| Q4 24 | — | $324.3M | ||
| Q3 24 | $136.3M | $288.7M | ||
| Q2 24 | $140.5M | $244.2M |
净利润EXPOSPWH
| Q1 26 | $29.6M | — | ||
| Q4 25 | $28.0M | $8.0K | ||
| Q3 25 | $26.6M | $-7.1M | ||
| Q2 25 | $26.6M | $-21.3M | ||
| Q1 25 | $23.6M | $-8.7M | ||
| Q4 24 | — | $-364.0K | ||
| Q3 24 | $26.0M | $-5.9M | ||
| Q2 24 | $29.2M | $-18.1M |
毛利率EXPOSPWH
| Q1 26 | — | — | ||
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 32.0% | ||
| Q2 25 | — | 30.4% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 30.2% |
营业利润率EXPOSPWH
| Q1 26 | 24.9% | — | ||
| Q4 25 | 19.7% | 1.3% | ||
| Q3 25 | 12.1% | -1.1% | ||
| Q2 25 | 30.5% | -7.9% | ||
| Q1 25 | 19.9% | 1.1% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | 19.0% | -1.5% | ||
| Q2 24 | 25.4% | -8.4% |
净利率EXPOSPWH
| Q1 26 | 17.8% | — | ||
| Q4 25 | 19.1% | 0.0% | ||
| Q3 25 | 18.7% | -2.4% | ||
| Q2 25 | 18.3% | -8.5% | ||
| Q1 25 | 17.2% | -2.6% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | 19.1% | -2.0% | ||
| Q2 24 | 20.8% | -7.4% |
每股收益（稀释后）EXPOSPWH
| Q1 26 | $0.59 | — | ||
| Q4 25 | $0.55 | $0.00 | ||
| Q3 25 | $0.52 | $-0.18 | ||
| Q2 25 | $0.52 | $-0.56 | ||
| Q1 25 | $0.45 | $-0.22 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | $0.50 | $-0.16 | ||
| Q2 24 | $0.57 | $-0.48 |
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 | $118.6M | $2.2M |
| 总债务越低越好 | — | $44.0M |
| 股东权益账面价值 | $338.3M | $209.5M |
| 总资产 | $687.4M | $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
现金及短期投资EXPOSPWH
| Q1 26 | $118.6M | — | ||
| Q4 25 | $207.4M | $2.2M | ||
| Q3 25 | $231.8M | $1.8M | ||
| Q2 25 | $245.1M | $3.6M | ||
| Q1 25 | $258.9M | $2.8M | ||
| Q4 24 | — | $2.7M | ||
| Q3 24 | $219.7M | $2.6M | ||
| Q2 24 | $203.3M | $2.2M |
总债务EXPOSPWH
| Q1 26 | — | — | ||
| 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 | — | — |
股东权益EXPOSPWH
| Q1 26 | $338.3M | — | ||
| Q4 25 | $402.9M | $209.5M | ||
| Q3 25 | $427.8M | $208.9M | ||
| Q2 25 | $441.4M | $215.1M | ||
| Q1 25 | $421.1M | $235.7M | ||
| Q4 24 | — | $243.6M | ||
| Q3 24 | $410.3M | $243.0M | ||
| Q2 24 | $393.2M | $247.5M |
总资产EXPOSPWH
| Q1 26 | $687.4M | — | ||
| Q4 25 | $761.4M | $913.9M | ||
| Q3 25 | $759.4M | $948.9M | ||
| Q2 25 | $763.2M | $929.7M | ||
| Q1 25 | $777.3M | $852.1M | ||
| Q4 24 | — | $967.7M | ||
| Q3 24 | $744.1M | $901.9M | ||
| Q2 24 | $709.2M | $930.4M |
负债/权益比EXPOSPWH
| Q1 26 | — | — | ||
| 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 | — | — |
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 | — | $16.3M |
| 自由现金流经营现金流 - 资本支出 | — | $8.7M |
| 自由现金流率自由现金流/营收 | — | 2.6% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | — | 2038.00× |
| 过去12个月自由现金流最近4个季度 | — | $-39.7M |
8季度趋势，按日历期对齐
经营现金流EXPOSPWH
| Q1 26 | — | — | ||
| Q4 25 | $32.7M | $16.3M | ||
| Q3 25 | $36.2M | $-26.6M | ||
| Q2 25 | $7.3M | $-60.2M | ||
| Q1 25 | $56.1M | $52.8M | ||
| Q4 24 | — | $-2.5M | ||
| Q3 24 | $29.7M | $18.5M | ||
| Q2 24 | $48.3M | $-34.6M |
自由现金流EXPOSPWH
| Q1 26 | — | — | ||
| Q4 25 | $30.0M | $8.7M | ||
| Q3 25 | $33.9M | $-33.9M | ||
| Q2 25 | $5.5M | $-64.0M | ||
| Q1 25 | $53.5M | $49.6M | ||
| Q4 24 | — | $-6.2M | ||
| Q3 24 | $28.0M | $14.1M | ||
| Q2 24 | $47.2M | $-38.0M |
自由现金流率EXPOSPWH
| Q1 26 | — | — | ||
| Q4 25 | 20.4% | 2.6% | ||
| Q3 25 | 23.9% | -11.5% | ||
| Q2 25 | 3.8% | -25.7% | ||
| Q1 25 | 39.1% | 14.6% | ||
| Q4 24 | — | -1.9% | ||
| Q3 24 | 20.5% | 4.9% | ||
| Q2 24 | 33.6% | -15.5% |
资本支出强度EXPOSPWH
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 2.3% | ||
| Q3 25 | 1.6% | 2.5% | ||
| Q2 25 | 1.2% | 1.5% | ||
| Q1 25 | 1.9% | 1.0% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 1.3% | 1.5% | ||
| Q2 24 | 0.8% | 1.4% |
现金转化率EXPOSPWH
| Q1 26 | — | — | ||
| Q4 25 | 1.16× | 2038.00× | ||
| Q3 25 | 1.36× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 2.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.14× | — | ||
| Q2 24 | 1.65× | — |
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
EXPO
| Revenues before reimbursements | $151.8M | 91% |
| Reimbursements | $14.5M | 9% |
SPWH
暂无分部数据
