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Acushnet Holdings Corp.（GOLF）与JOHNSON OUTDOORS INC（JOUT）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JOHNSON OUTDOORS INC的3.4倍（$477.2M vs $140.9M）。JOHNSON OUTDOORS INC净利率更高（-2.3% vs -7.3%，领先5.0%）。JOHNSON OUTDOORS INC同比增速更快（30.9% vs 7.2%）。Acushnet Holdings Corp.自由现金流更多（$-23.3M vs $-42.7M）。过去两年JOHNSON OUTDOORS INC的营收复合增速更高（-10.5% 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。
强生户外公司（Johnson Outdoors）主营水上载具、潜水装备、露营用具、户外服饰等户外休闲用品的研发生产，业务网点遍布全球24个地区，现有员工约1400人，年销售额超3.15亿美元，自1999年起由海伦·约翰逊-莱波尔德执掌公司。
GOLF vs JOUT — 直观对比
营收规模更大
GOLF
是对方的3.4倍
$140.9M
营收增速更快
JOUT
高出23.7%
7.2%
净利率更高
JOUT
高出5.0%
-7.3%
自由现金流更多
GOLF
多$19.4M
$-42.7M
两年增速更快
JOUT
近两年复合增速
-17.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $477.2M | $140.9M |
| 净利润 | $-34.9M | $-3.3M |
| 毛利率 | 44.1% | 36.6% |
| 营业利润率 | -3.8% | -2.1% |
| 净利率 | -7.3% | -2.3% |
| 营收同比 | 7.2% | 30.9% |
| 净利润同比 | -3027.3% | 78.4% |
| 每股收益（稀释后） | $-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GOLFJOUT
| Q1 26 | — | $140.9M | ||
| Q4 25 | $477.2M | $135.8M | ||
| Q3 25 | $657.7M | — | ||
| Q2 25 | $720.5M | $180.7M | ||
| Q1 25 | $703.4M | $168.3M | ||
| Q4 24 | $445.2M | $107.6M | ||
| Q3 24 | $620.5M | $105.9M | ||
| Q2 24 | $683.9M | $172.5M |
净利润GOLFJOUT
| Q1 26 | — | $-3.3M | ||
| Q4 25 | $-34.9M | $-29.1M | ||
| Q3 25 | $48.5M | — | ||
| Q2 25 | $75.6M | $7.7M | ||
| Q1 25 | $99.4M | $2.3M | ||
| Q4 24 | $-1.1M | $-15.3M | ||
| Q3 24 | $56.2M | $-34.3M | ||
| Q2 24 | $71.4M | $1.6M |
毛利率GOLFJOUT
| Q1 26 | — | 36.6% | ||
| Q4 25 | 44.1% | 36.2% | ||
| Q3 25 | 48.5% | — | ||
| Q2 25 | 49.2% | 37.6% | ||
| Q1 25 | 47.9% | 35.0% | ||
| Q4 24 | 22.6% | 29.9% | ||
| Q3 24 | 54.4% | 23.5% | ||
| Q2 24 | 54.4% | 35.8% |
营业利润率GOLFJOUT
| Q1 26 | — | -2.1% | ||
| Q4 25 | -3.8% | -6.0% | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 15.2% | 4.1% | ||
| Q1 25 | 16.3% | 2.9% | ||
| Q4 24 | -1.2% | -18.8% | ||
| Q3 24 | 13.2% | -40.4% | ||
| Q2 24 | 15.5% | -0.3% |
净利率GOLFJOUT
| Q1 26 | — | -2.3% | ||
| Q4 25 | -7.3% | -21.4% | ||
| Q3 25 | 7.4% | — | ||
| Q2 25 | 10.5% | 4.3% | ||
| Q1 25 | 14.1% | 1.4% | ||
| Q4 24 | -0.3% | -14.2% | ||
| Q3 24 | 9.1% | -32.4% | ||
| Q2 24 | 10.4% | 0.9% |
每股收益（稀释后）GOLFJOUT
| Q1 26 | — | — | ||
| Q4 25 | $-0.57 | — | ||
| Q3 25 | $0.81 | — | ||
| Q2 25 | $1.25 | — | ||
| Q1 25 | $1.62 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $0.89 | — | ||
| Q2 24 | $1.11 | — |
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 | — | $130.7M |
| 总债务越低越好 | $926.2M | $0 |
| 股东权益账面价值 | $783.6M | $413.5M |
| 总资产 | $2.3B | $600.1M |
| 负债/权益比越低杠杆越低 | 1.18× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资GOLFJOUT
| Q1 26 | — | $130.7M | ||
| Q4 25 | — | $176.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $161.0M | ||
| Q1 25 | — | $94.0M | ||
| Q4 24 | — | $101.6M | ||
| Q3 24 | — | $162.0M | ||
| Q2 24 | — | $148.4M |
总债务GOLFJOUT
| Q1 26 | — | $0 | ||
| Q4 25 | $926.2M | $0 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | $753.1M | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 |
股东权益GOLFJOUT
| Q1 26 | — | $413.5M | ||
| Q4 25 | $783.6M | $418.4M | ||
| Q3 25 | $852.3M | — | ||
| Q2 25 | $808.5M | $450.5M | ||
| Q1 25 | $780.3M | $441.1M | ||
| Q4 24 | $765.2M | $440.3M | ||
| Q3 24 | $863.9M | $463.4M | ||
| Q2 24 | $863.7M | $498.7M |
总资产GOLFJOUT
| Q1 26 | — | $600.1M | ||
| Q4 25 | $2.3B | $604.1M | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | $634.5M | ||
| Q1 25 | $2.4B | $624.5M | ||
| Q4 24 | $2.2B | $612.9M | ||
| Q3 24 | $2.3B | $635.2M | ||
| Q2 24 | $2.3B | $679.8M |
负债/权益比GOLFJOUT
| Q1 26 | — | 0.00× | ||
| Q4 25 | 1.18× | 0.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.98× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 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 | $-338.0K | $-38.4M |
| 自由现金流经营现金流 - 资本支出 | $-23.3M | $-42.7M |
| 自由现金流率自由现金流/营收 | -4.9% | -30.3% |
| 资本支出强度资本支出/营收 | 4.8% | 3.0% |
| 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 | $38.5M |
8季度趋势，按日历期对齐
经营现金流GOLFJOUT
| Q1 26 | — | $-38.4M | ||
| Q4 25 | $-338.0K | $23.4M | ||
| Q3 25 | $163.1M | — | ||
| Q2 25 | $151.9M | $71.4M | ||
| Q1 25 | $-120.3M | $-1.7M | ||
| Q4 24 | $-1.1M | $-36.9M | ||
| Q3 24 | $144.1M | $19.1M | ||
| Q2 24 | $211.6M | $73.7M |
自由现金流GOLFJOUT
| Q1 26 | — | $-42.7M | ||
| Q4 25 | $-23.3M | $19.2M | ||
| Q3 25 | $136.9M | — | ||
| Q2 25 | $138.0M | $66.9M | ||
| Q1 25 | $-131.5M | $-5.0M | ||
| Q4 24 | $-33.2M | $-41.0M | ||
| Q3 24 | $123.7M | $13.5M | ||
| Q2 24 | $196.8M | $67.4M |
自由现金流率GOLFJOUT
| Q1 26 | — | -30.3% | ||
| Q4 25 | -4.9% | 14.2% | ||
| Q3 25 | 20.8% | — | ||
| Q2 25 | 19.2% | 37.0% | ||
| Q1 25 | -18.7% | -2.9% | ||
| Q4 24 | -7.5% | -38.1% | ||
| Q3 24 | 19.9% | 12.8% | ||
| Q2 24 | 28.8% | 39.1% |
资本支出强度GOLFJOUT
| Q1 26 | — | 3.0% | ||
| Q4 25 | 4.8% | 3.1% | ||
| Q3 25 | 4.0% | — | ||
| Q2 25 | 1.9% | 2.5% | ||
| Q1 25 | 1.6% | 2.0% | ||
| Q4 24 | 7.2% | 3.8% | ||
| Q3 24 | 3.3% | 5.3% | ||
| Q2 24 | 2.2% | 3.6% |
现金转化率GOLFJOUT
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.36× | — | ||
| Q2 25 | 2.01× | 9.22× | ||
| Q1 25 | -1.21× | -0.72× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.56× | — | ||
| Q2 24 | 2.96× | 45.41× |
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% |
JOUT
| Fishing Segment | $112.1M | 80% |
| Diving Segment | $18.0M | 13% |
| Camping Watercraft Recreation Segment | $10.6M | 8% |
