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Acushnet Holdings Corp.（GOLF）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是Acushnet Holdings Corp.的1.5倍（$725.6M vs $477.2M），Reddit, Inc.净利率更高（34.7% vs -7.3%，领先42.0%），Reddit, Inc.同比增速更快（69.7% vs 7.2%），Reddit, Inc.自由现金流更多（$263.6M vs $-23.3M），过去两年Reddit, Inc.的营收复合增速更高（72.8% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
GOLF vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.5倍
$477.2M
营收增速更快
RDDT
高出62.4%
7.2%
净利率更高
RDDT
高出42.0%
-7.3%
自由现金流更多
RDDT
多$287.0M
$-23.3M
两年增速更快
RDDT
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $477.2M | $725.6M |
| 净利润 | $-34.9M | $251.6M |
| 毛利率 | 44.1% | 91.9% |
| 营业利润率 | -3.8% | 31.9% |
| 净利率 | -7.3% | 34.7% |
| 营收同比 | 7.2% | 69.7% |
| 净利润同比 | -3027.3% | 254.2% |
| 每股收益（稀释后） | $-0.57 | $1.24 |
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GOLFRDDT
| Q4 25 | $477.2M | $725.6M | ||
| Q3 25 | $657.7M | $584.9M | ||
| Q2 25 | $720.5M | $499.6M | ||
| Q1 25 | $703.4M | $392.4M | ||
| Q4 24 | $445.2M | $427.7M | ||
| Q3 24 | $620.5M | $348.4M | ||
| Q2 24 | $683.9M | $281.2M | ||
| Q1 24 | $707.6M | $243.0M |
净利润GOLFRDDT
| Q4 25 | $-34.9M | $251.6M | ||
| Q3 25 | $48.5M | $162.7M | ||
| Q2 25 | $75.6M | $89.3M | ||
| Q1 25 | $99.4M | $26.2M | ||
| Q4 24 | $-1.1M | $71.0M | ||
| Q3 24 | $56.2M | $29.9M | ||
| Q2 24 | $71.4M | $-10.1M | ||
| Q1 24 | $87.8M | $-575.1M |
毛利率GOLFRDDT
| Q4 25 | 44.1% | 91.9% | ||
| Q3 25 | 48.5% | 91.0% | ||
| Q2 25 | 49.2% | 90.8% | ||
| Q1 25 | 47.9% | 90.5% | ||
| Q4 24 | 22.6% | 92.6% | ||
| Q3 24 | 54.4% | 90.1% | ||
| Q2 24 | 54.4% | 89.5% | ||
| Q1 24 | 53.4% | 88.6% |
营业利润率GOLFRDDT
| Q4 25 | -3.8% | 31.9% | ||
| Q3 25 | 14.1% | 23.7% | ||
| Q2 25 | 15.2% | 13.6% | ||
| Q1 25 | 16.3% | 1.0% | ||
| Q4 24 | -1.2% | 12.4% | ||
| Q3 24 | 13.2% | 2.0% | ||
| Q2 24 | 15.5% | -11.0% | ||
| Q1 24 | 17.2% | -242.5% |
净利率GOLFRDDT
| Q4 25 | -7.3% | 34.7% | ||
| Q3 25 | 7.4% | 27.8% | ||
| Q2 25 | 10.5% | 17.9% | ||
| Q1 25 | 14.1% | 6.7% | ||
| Q4 24 | -0.3% | 16.6% | ||
| Q3 24 | 9.1% | 8.6% | ||
| Q2 24 | 10.4% | -3.6% | ||
| Q1 24 | 12.4% | -236.7% |
每股收益（稀释后）GOLFRDDT
| Q4 25 | $-0.57 | $1.24 | ||
| Q3 25 | $0.81 | $0.80 | ||
| Q2 25 | $1.25 | $0.45 | ||
| Q1 25 | $1.62 | $0.13 | ||
| Q4 24 | $0.02 | $4.76 | ||
| Q3 24 | $0.89 | $0.16 | ||
| Q2 24 | $1.11 | $-0.06 | ||
| Q1 24 | $1.35 | $-8.19 |
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 | — | $953.6M |
| 总债务越低越好 | $926.2M | — |
| 股东权益账面价值 | $783.6M | $2.9B |
| 总资产 | $2.3B | $3.2B |
| 负债/权益比越低杠杆越低 | 1.18× | — |
8季度趋势，按日历期对齐
现金及短期投资GOLFRDDT
| Q4 25 | — | $953.6M | ||
| Q3 25 | — | $911.7M | ||
| Q2 25 | — | $734.1M | ||
| Q1 25 | — | $635.7M | ||
| Q4 24 | — | $562.1M | ||
| Q3 24 | — | $515.9M | ||
| Q2 24 | — | $468.0M | ||
| Q1 24 | — | $968.5M |
总债务GOLFRDDT
| Q4 25 | $926.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $753.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GOLFRDDT
| Q4 25 | $783.6M | $2.9B | ||
| Q3 25 | $852.3M | $2.6B | ||
| Q2 25 | $808.5M | $2.4B | ||
| Q1 25 | $780.3M | $2.2B | ||
| Q4 24 | $765.2M | $2.1B | ||
| Q3 24 | $863.9M | $2.0B | ||
| Q2 24 | $863.7M | $1.9B | ||
| Q1 24 | $883.7M | $1.8B |
总资产GOLFRDDT
| Q4 25 | $2.3B | $3.2B | ||
| Q3 25 | $2.4B | $2.9B | ||
| Q2 25 | $2.4B | $2.6B | ||
| Q1 25 | $2.4B | $2.4B | ||
| Q4 24 | $2.2B | $2.3B | ||
| Q3 24 | $2.3B | $2.2B | ||
| Q2 24 | $2.3B | $2.1B | ||
| Q1 24 | $2.4B | $2.0B |
负债/权益比GOLFRDDT
| Q4 25 | 1.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.98× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-338.0K | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $-23.3M | $263.6M |
| 自由现金流率自由现金流/营收 | -4.9% | 36.3% |
| 资本支出强度资本支出/营收 | 4.8% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.06× |
| 过去12个月自由现金流最近4个季度 | $120.0M | $684.2M |
8季度趋势，按日历期对齐
经营现金流GOLFRDDT
| Q4 25 | $-338.0K | $266.8M | ||
| Q3 25 | $163.1M | $185.2M | ||
| Q2 25 | $151.9M | $111.3M | ||
| Q1 25 | $-120.3M | $127.6M | ||
| Q4 24 | $-1.1M | $90.0M | ||
| Q3 24 | $144.1M | $71.6M | ||
| Q2 24 | $211.6M | $28.4M | ||
| Q1 24 | $-109.5M | $32.1M |
自由现金流GOLFRDDT
| Q4 25 | $-23.3M | $263.6M | ||
| Q3 25 | $136.9M | $183.1M | ||
| Q2 25 | $138.0M | $110.8M | ||
| Q1 25 | $-131.5M | $126.6M | ||
| Q4 24 | $-33.2M | $89.2M | ||
| Q3 24 | $123.7M | $70.3M | ||
| Q2 24 | $196.8M | $27.2M | ||
| Q1 24 | $-116.8M | $29.2M |
自由现金流率GOLFRDDT
| Q4 25 | -4.9% | 36.3% | ||
| Q3 25 | 20.8% | 31.3% | ||
| Q2 25 | 19.2% | 22.2% | ||
| Q1 25 | -18.7% | 32.3% | ||
| Q4 24 | -7.5% | 20.8% | ||
| Q3 24 | 19.9% | 20.2% | ||
| Q2 24 | 28.8% | 9.7% | ||
| Q1 24 | -16.5% | 12.0% |
资本支出强度GOLFRDDT
| Q4 25 | 4.8% | 0.4% | ||
| Q3 25 | 4.0% | 0.4% | ||
| Q2 25 | 1.9% | 0.1% | ||
| Q1 25 | 1.6% | 0.2% | ||
| Q4 24 | 7.2% | 0.2% | ||
| Q3 24 | 3.3% | 0.4% | ||
| Q2 24 | 2.2% | 0.4% | ||
| Q1 24 | 1.0% | 1.2% |
现金转化率GOLFRDDT
| Q4 25 | — | 1.06× | ||
| Q3 25 | 3.36× | 1.14× | ||
| Q2 25 | 2.01× | 1.25× | ||
| Q1 25 | -1.21× | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | 2.56× | 2.40× | ||
| Q2 24 | 2.96× | — | ||
| 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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
