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Acushnet Holdings Corp.（GOLF）与HF Foods Group Inc.（HFFG）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HF Foods Group Inc.的1.5倍（$477.2M vs $308.0M），Acushnet Holdings Corp.净利率更高（-7.3% vs -12.1%，领先4.8%），Acushnet Holdings Corp.同比增速更快（7.2% vs 0.9%），HF Foods Group Inc.自由现金流更多（$12.1M vs $-23.3M），过去两年HF Foods Group Inc.的营收复合增速更高（2.1% vs -17.9%）
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。
HF Sinclair Corporation是一家总部位于美国得克萨斯州达拉斯的美国能源企业，主要生产并销售汽油、柴油、航空燃油、可再生柴油、特种润滑油产品、特种化学品，以及特种改性沥青等多种能源与化工产品。
GOLF vs HFFG — 直观对比
营收规模更大
GOLF
是对方的1.5倍
$308.0M
营收增速更快
GOLF
高出6.3%
0.9%
净利率更高
GOLF
高出4.8%
-12.1%
自由现金流更多
HFFG
多$35.4M
$-23.3M
两年增速更快
HFFG
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $477.2M | $308.0M |
| 净利润 | $-34.9M | $-37.3M |
| 毛利率 | 44.1% | 16.6% |
| 营业利润率 | -3.8% | -12.8% |
| 净利率 | -7.3% | -12.1% |
| 营收同比 | 7.2% | 0.9% |
| 净利润同比 | -3027.3% | 15.0% |
| 每股收益（稀释后） | $-0.57 | $-0.70 |
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GOLFHFFG
| Q4 25 | $477.2M | $308.0M | ||
| Q3 25 | $657.7M | $307.0M | ||
| Q2 25 | $720.5M | $314.9M | ||
| Q1 25 | $703.4M | $298.4M | ||
| Q4 24 | $445.2M | $305.3M | ||
| Q3 24 | $620.5M | $298.4M | ||
| Q2 24 | $683.9M | $302.3M | ||
| Q1 24 | $707.6M | $295.7M |
净利润GOLFHFFG
| Q4 25 | $-34.9M | $-37.3M | ||
| Q3 25 | $48.5M | $-1.1M | ||
| Q2 25 | $75.6M | $1.2M | ||
| Q1 25 | $99.4M | $-1.6M | ||
| Q4 24 | $-1.1M | $-43.9M | ||
| Q3 24 | $56.2M | $-3.9M | ||
| Q2 24 | $71.4M | $17.0K | ||
| Q1 24 | $87.8M | $-694.0K |
毛利率GOLFHFFG
| Q4 25 | 44.1% | 16.6% | ||
| Q3 25 | 48.5% | 16.4% | ||
| Q2 25 | 49.2% | 17.5% | ||
| Q1 25 | 47.9% | 17.1% | ||
| Q4 24 | 22.6% | 17.1% | ||
| Q3 24 | 54.4% | 16.8% | ||
| Q2 24 | 54.4% | 17.4% | ||
| Q1 24 | 53.4% | 17.1% |
营业利润率GOLFHFFG
| Q4 25 | -3.8% | -12.8% | ||
| Q3 25 | 14.1% | 0.4% | ||
| Q2 25 | 15.2% | 1.3% | ||
| Q1 25 | 16.3% | 0.4% | ||
| Q4 24 | -1.2% | -13.8% | ||
| Q3 24 | 13.2% | 0.2% | ||
| Q2 24 | 15.5% | 0.9% | ||
| Q1 24 | 17.2% | -0.0% |
净利率GOLFHFFG
| Q4 25 | -7.3% | -12.1% | ||
| Q3 25 | 7.4% | -0.4% | ||
| Q2 25 | 10.5% | 0.4% | ||
| Q1 25 | 14.1% | -0.6% | ||
| Q4 24 | -0.3% | -14.4% | ||
| Q3 24 | 9.1% | -1.3% | ||
| Q2 24 | 10.4% | 0.0% | ||
| Q1 24 | 12.4% | -0.2% |
每股收益（稀释后）GOLFHFFG
| Q4 25 | $-0.57 | $-0.70 | ||
| Q3 25 | $0.81 | $-0.02 | ||
| Q2 25 | $1.25 | $0.02 | ||
| Q1 25 | $1.62 | $-0.03 | ||
| Q4 24 | $0.02 | $-0.84 | ||
| Q3 24 | $0.89 | $-0.07 | ||
| Q2 24 | $1.11 | $0.00 | ||
| Q1 24 | $1.35 | $-0.01 |
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 | — | — |
| 总债务越低越好 | $926.2M | $106.1M |
| 股东权益账面价值 | $783.6M | $202.1M |
| 总资产 | $2.3B | $541.5M |
| 负债/权益比越低杠杆越低 | 1.18× | 0.53× |
8季度趋势，按日历期对齐
总债务GOLFHFFG
| Q4 25 | $926.2M | $106.1M | ||
| Q3 25 | — | $107.3M | ||
| Q2 25 | — | $106.0M | ||
| Q1 25 | — | $107.4M | ||
| Q4 24 | $753.1M | $108.7M | ||
| Q3 24 | — | $110.1M | ||
| Q2 24 | — | $111.4M | ||
| Q1 24 | — | $112.8M |
股东权益GOLFHFFG
| Q4 25 | $783.6M | $202.1M | ||
| Q3 25 | $852.3M | $239.2M | ||
| Q2 25 | $808.5M | $239.7M | ||
| Q1 25 | $780.3M | $238.0M | ||
| Q4 24 | $765.2M | $239.3M | ||
| Q3 24 | $863.9M | $283.1M | ||
| Q2 24 | $863.7M | $286.3M | ||
| Q1 24 | $883.7M | $286.7M |
总资产GOLFHFFG
| Q4 25 | $2.3B | $541.5M | ||
| Q3 25 | $2.4B | $595.1M | ||
| Q2 25 | $2.4B | $593.5M | ||
| Q1 25 | $2.4B | $581.9M | ||
| Q4 24 | $2.2B | $550.0M | ||
| Q3 24 | $2.3B | $612.8M | ||
| Q2 24 | $2.3B | $616.9M | ||
| Q1 24 | $2.4B | $603.1M |
负债/权益比GOLFHFFG
| Q4 25 | 1.18× | 0.53× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | 0.98× | 0.45× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 0.39× |
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 | $-338.0K | $21.0M |
| 自由现金流经营现金流 - 资本支出 | $-23.3M | $12.1M |
| 自由现金流率自由现金流/营收 | -4.9% | 3.9% |
| 资本支出强度资本支出/营收 | 4.8% | 2.9% |
| 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 | $120.0M | $6.6M |
8季度趋势，按日历期对齐
经营现金流GOLFHFFG
| Q4 25 | $-338.0K | $21.0M | ||
| Q3 25 | $163.1M | $-6.0M | ||
| Q2 25 | $151.9M | $3.5M | ||
| Q1 25 | $-120.3M | $6.9M | ||
| Q4 24 | $-1.1M | $18.4M | ||
| Q3 24 | $144.1M | $2.3M | ||
| Q2 24 | $211.6M | $-9.3M | ||
| Q1 24 | $-109.5M | $11.2M |
自由现金流GOLFHFFG
| Q4 25 | $-23.3M | $12.1M | ||
| Q3 25 | $136.9M | $-9.3M | ||
| Q2 25 | $138.0M | $363.0K | ||
| Q1 25 | $-131.5M | $3.4M | ||
| Q4 24 | $-33.2M | $15.3M | ||
| Q3 24 | $123.7M | $-820.0K | ||
| Q2 24 | $196.8M | $-13.0M | ||
| Q1 24 | $-116.8M | $8.6M |
自由现金流率GOLFHFFG
| Q4 25 | -4.9% | 3.9% | ||
| Q3 25 | 20.8% | -3.0% | ||
| Q2 25 | 19.2% | 0.1% | ||
| Q1 25 | -18.7% | 1.1% | ||
| Q4 24 | -7.5% | 5.0% | ||
| Q3 24 | 19.9% | -0.3% | ||
| Q2 24 | 28.8% | -4.3% | ||
| Q1 24 | -16.5% | 2.9% |
资本支出强度GOLFHFFG
| Q4 25 | 4.8% | 2.9% | ||
| Q3 25 | 4.0% | 1.1% | ||
| Q2 25 | 1.9% | 1.0% | ||
| Q1 25 | 1.6% | 1.2% | ||
| Q4 24 | 7.2% | 1.0% | ||
| Q3 24 | 3.3% | 1.0% | ||
| Q2 24 | 2.2% | 1.2% | ||
| Q1 24 | 1.0% | 0.9% |
现金转化率GOLFHFFG
| Q4 25 | — | — | ||
| Q3 25 | 3.36× | — | ||
| Q2 25 | 2.01× | 2.89× | ||
| Q1 25 | -1.21× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.56× | — | ||
| Q2 24 | 2.96× | -546.06× | ||
| Q1 24 | -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
GOLF
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
HFFG
| Seafood | $110.2M | 36% |
| Meat And Poultry | $62.7M | 20% |
| Asian Specialty | $55.3M | 18% |
| Commodity Product | $35.1M | 11% |
| Fresh Produce | $29.9M | 10% |
| Packaging And Other | $14.7M | 5% |
