vs
FNB CORP（FNB）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
FNB CORP的季度营收约是SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的1.1倍（$366.0M vs $331.3M），FNB CORP净利率更高（45.9% vs 0.0%，领先45.9%），FNB CORP同比增速更快（13.7% vs 2.2%），FNB CORP自由现金流更多（$99.0M vs $8.7M），过去两年FNB CORP的营收复合增速更高（7.1% vs -5.4%）
FNB集团是总部位于美国宾夕法尼亚州匹兹堡的多元化金融服务机构，为旗下最大子公司第一国民银行的控股主体，截至2025年12月31日总资产超500亿美元，业务覆盖匹兹堡、巴尔的摩、克利夫兰、华盛顿特区、北卡罗来纳州多座城市及南卡罗来纳州查尔斯顿等核心都会区。
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。
FNB vs SPWH — 直观对比
营收规模更大
FNB
是对方的1.1倍
$331.3M
营收增速更快
FNB
高出11.5%
2.2%
净利率更高
FNB
高出45.9%
0.0%
自由现金流更多
FNB
多$90.3M
$8.7M
两年增速更快
FNB
近两年复合增速
-5.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $366.0M | $331.3M |
| 净利润 | $168.0M | $8.0K |
| 毛利率 | — | 32.8% |
| 营业利润率 | 45.1% | 1.3% |
| 净利率 | 45.9% | 0.0% |
| 营收同比 | 13.7% | 2.2% |
| 净利润同比 | 52.7% | -97.8% |
| 每股收益（稀释后） | $0.47 | $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FNBSPWH
| Q4 25 | $366.0M | $331.3M | ||
| Q3 25 | $359.0M | $293.9M | ||
| Q2 25 | $348.0M | $249.1M | ||
| Q1 25 | $323.0M | $340.4M | ||
| Q4 24 | $322.0M | $324.3M | ||
| Q3 24 | $323.0M | $288.7M | ||
| Q2 24 | $316.0M | $244.2M | ||
| Q1 24 | $319.0M | $370.4M |
净利润FNBSPWH
| Q4 25 | $168.0M | $8.0K | ||
| Q3 25 | $150.0M | $-7.1M | ||
| Q2 25 | $130.0M | $-21.3M | ||
| Q1 25 | $117.0M | $-8.7M | ||
| Q4 24 | $110.0M | $-364.0K | ||
| Q3 24 | $110.0M | $-5.9M | ||
| Q2 24 | $123.0M | $-18.1M | ||
| Q1 24 | $122.0M | $-8.7M |
毛利率FNBSPWH
| 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% | ||
| Q1 24 | — | 26.8% |
营业利润率FNBSPWH
| Q4 25 | 45.1% | 1.3% | ||
| Q3 25 | 52.9% | -1.1% | ||
| Q2 25 | 47.7% | -7.9% | ||
| Q1 25 | 45.8% | 1.1% | ||
| Q4 24 | 31.7% | 1.0% | ||
| Q3 24 | 43.3% | -1.5% | ||
| Q2 24 | 49.7% | -8.4% | ||
| Q1 24 | 48.9% | -2.1% |
净利率FNBSPWH
| Q4 25 | 45.9% | 0.0% | ||
| Q3 25 | 41.8% | -2.4% | ||
| Q2 25 | 37.4% | -8.5% | ||
| Q1 25 | 36.2% | -2.6% | ||
| Q4 24 | 34.2% | -0.1% | ||
| Q3 24 | 34.1% | -2.0% | ||
| Q2 24 | 38.9% | -7.4% | ||
| Q1 24 | 38.2% | -2.4% |
每股收益（稀释后）FNBSPWH
| Q4 25 | $0.47 | $0.00 | ||
| Q3 25 | $0.41 | $-0.18 | ||
| Q2 25 | $0.36 | $-0.56 | ||
| Q1 25 | $0.32 | $-0.22 | ||
| Q4 24 | $0.31 | $-0.01 | ||
| Q3 24 | $0.30 | $-0.16 | ||
| Q2 24 | $0.34 | $-0.48 | ||
| Q1 24 | $0.32 | $-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 | $2.5B | $2.2M |
| 总债务越低越好 | $1.9B | $44.0M |
| 股东权益账面价值 | $6.8B | $209.5M |
| 总资产 | $50.2B | $913.9M |
| 负债/权益比越低杠杆越低 | 0.28× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资FNBSPWH
| Q4 25 | $2.5B | $2.2M | ||
| Q3 25 | $2.4B | $1.8M | ||
| Q2 25 | $2.4B | $3.6M | ||
| Q1 25 | $2.4B | $2.8M | ||
| Q4 24 | $2.4B | $2.7M | ||
| Q3 24 | $2.1B | $2.6M | ||
| Q2 24 | $1.9B | $2.2M | ||
| Q1 24 | $1.5B | $3.1M |
总债务FNBSPWH
| Q4 25 | $1.9B | $44.0M | ||
| Q3 25 | $2.1B | $43.9M | ||
| Q2 25 | $2.7B | $24.1M | ||
| Q1 25 | $2.5B | $24.1M | ||
| Q4 24 | $3.0B | $24.0M | ||
| Q3 24 | $2.5B | $24.0M | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.1B | — |
股东权益FNBSPWH
| Q4 25 | $6.8B | $209.5M | ||
| Q3 25 | $6.6B | $208.9M | ||
| Q2 25 | $6.5B | $215.1M | ||
| Q1 25 | $6.4B | $235.7M | ||
| Q4 24 | $6.3B | $243.6M | ||
| Q3 24 | $6.2B | $243.0M | ||
| Q2 24 | $6.1B | $247.5M | ||
| Q1 24 | $6.0B | $264.6M |
总资产FNBSPWH
| Q4 25 | $50.2B | $913.9M | ||
| Q3 25 | $49.9B | $948.9M | ||
| Q2 25 | $49.7B | $929.7M | ||
| Q1 25 | $49.0B | $852.1M | ||
| Q4 24 | $48.6B | $967.7M | ||
| Q3 24 | $48.0B | $901.9M | ||
| Q2 24 | $47.7B | $930.4M | ||
| Q1 24 | $45.9B | $886.2M |
负债/权益比FNBSPWH
| Q4 25 | 0.28× | 0.21× | ||
| Q3 25 | 0.32× | 0.21× | ||
| Q2 25 | 0.41× | 0.11× | ||
| Q1 25 | 0.39× | 0.10× | ||
| Q4 24 | 0.48× | 0.10× | ||
| Q3 24 | 0.40× | 0.10× | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | 0.35× | — |
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 | $128.0M | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $99.0M | $8.7M |
| 自由现金流率自由现金流/营收 | 27.0% | 2.6% |
| 资本支出强度资本支出/营收 | 7.9% | 2.3% |
| 现金转化率经营现金流/净利润 | 0.76× | 2038.00× |
| 过去12个月自由现金流最近4个季度 | $376.0M | $-39.7M |
8季度趋势，按日历期对齐
经营现金流FNBSPWH
| Q4 25 | $128.0M | $16.3M | ||
| Q3 25 | $167.0M | $-26.6M | ||
| Q2 25 | $123.0M | $-60.2M | ||
| Q1 25 | $64.0M | $52.8M | ||
| Q4 24 | $326.0M | $-2.5M | ||
| Q3 24 | $-14.0M | $18.5M | ||
| Q2 24 | $85.0M | $-34.6M | ||
| Q1 24 | $245.0M | $68.9M |
自由现金流FNBSPWH
| Q4 25 | $99.0M | $8.7M | ||
| Q3 25 | $149.0M | $-33.9M | ||
| Q2 25 | $85.0M | $-64.0M | ||
| Q1 25 | $43.0M | $49.6M | ||
| Q4 24 | $278.0M | $-6.2M | ||
| Q3 24 | $-46.0M | $14.1M | ||
| Q2 24 | $55.0M | $-38.0M | ||
| Q1 24 | $216.0M | $60.2M |
自由现金流率FNBSPWH
| Q4 25 | 27.0% | 2.6% | ||
| Q3 25 | 41.5% | -11.5% | ||
| Q2 25 | 24.4% | -25.7% | ||
| Q1 25 | 13.3% | 14.6% | ||
| Q4 24 | 86.3% | -1.9% | ||
| Q3 24 | -14.2% | 4.9% | ||
| Q2 24 | 17.4% | -15.5% | ||
| Q1 24 | 67.7% | 16.2% |
资本支出强度FNBSPWH
| Q4 25 | 7.9% | 2.3% | ||
| Q3 25 | 5.0% | 2.5% | ||
| Q2 25 | 10.9% | 1.5% | ||
| Q1 25 | 6.5% | 1.0% | ||
| Q4 24 | 14.9% | 1.1% | ||
| Q3 24 | 9.9% | 1.5% | ||
| Q2 24 | 9.5% | 1.4% | ||
| Q1 24 | 9.1% | 2.4% |
现金转化率FNBSPWH
| Q4 25 | 0.76× | 2038.00× | ||
| Q3 25 | 1.11× | — | ||
| Q2 25 | 0.95× | — | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | 2.96× | — | ||
| Q3 24 | -0.13× | — | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 2.01× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
