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Acushnet Holdings Corp.（GOLF）与Solo Brands, Inc.（SBDS）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Solo Brands, Inc.的5.1倍（$477.2M vs $94.0M）。Acushnet Holdings Corp.净利率更高（-7.3% vs -88.4%，领先81.1%）。Acushnet Holdings Corp.同比增速更快（7.2% vs -34.5%）。过去两年Solo Brands, Inc.的营收复合增速更高（5.0% 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。
给定公司标识与企业信息不匹配，本次提供的实为康尼格拉品牌公司信息，该企业是美国上市消费品包装集团，产品在超市、餐饮门店均有售，总部坐落于美国伊利诺伊州芝加哥，1919年创始于美国内布拉斯加州，按2021年营收位列2022年财富世界500强第331位。
GOLF vs SBDS — 直观对比
营收规模更大
GOLF
是对方的5.1倍
$94.0M
营收增速更快
GOLF
高出41.7%
-34.5%
净利率更高
GOLF
高出81.1%
-88.4%
两年增速更快
SBDS
近两年复合增速
-17.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $477.2M | $94.0M |
| 净利润 | $-34.9M | $-83.2M |
| 毛利率 | 44.1% | 60.6% |
| 营业利润率 | -3.8% | -81.7% |
| 净利率 | -7.3% | -88.4% |
| 营收同比 | 7.2% | -34.5% |
| 净利润同比 | -3027.3% | -42.9% |
| 每股收益（稀释后） | $-0.57 | $-45.73 |
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GOLFSBDS
| Q4 25 | $477.2M | $94.0M | ||
| Q3 25 | $657.7M | $53.0M | ||
| Q2 25 | $720.5M | $92.3M | ||
| Q1 25 | $703.4M | $77.3M | ||
| Q4 24 | $445.2M | $143.5M | ||
| Q3 24 | $620.5M | $94.1M | ||
| Q2 24 | $683.9M | $131.6M | ||
| Q1 24 | $707.6M | $85.3M |
净利润GOLFSBDS
| Q4 25 | $-34.9M | $-83.2M | ||
| Q3 25 | $48.5M | $-22.9M | ||
| Q2 25 | $75.6M | $-20.8M | ||
| Q1 25 | $99.4M | $-18.6M | ||
| Q4 24 | $-1.1M | $-58.2M | ||
| Q3 24 | $56.2M | $-111.5M | ||
| Q2 24 | $71.4M | $-4.0M | ||
| Q1 24 | $87.8M | $-6.5M |
毛利率GOLFSBDS
| Q4 25 | 44.1% | 60.6% | ||
| Q3 25 | 48.5% | 60.0% | ||
| Q2 25 | 49.2% | 61.3% | ||
| Q1 25 | 47.9% | 55.2% | ||
| Q4 24 | 22.6% | 61.1% | ||
| Q3 24 | 54.4% | 41.8% | ||
| Q2 24 | 54.4% | 62.8% | ||
| Q1 24 | 53.4% | 59.2% |
营业利润率GOLFSBDS
| Q4 25 | -3.8% | -81.7% | ||
| Q3 25 | 14.1% | -30.5% | ||
| Q2 25 | 15.2% | -10.7% | ||
| Q1 25 | 16.3% | -13.8% | ||
| Q4 24 | -1.2% | -38.5% | ||
| Q3 24 | 13.2% | -122.5% | ||
| Q2 24 | 15.5% | 1.7% | ||
| Q1 24 | 17.2% | -7.4% |
净利率GOLFSBDS
| Q4 25 | -7.3% | -88.4% | ||
| Q3 25 | 7.4% | -43.2% | ||
| Q2 25 | 10.5% | -22.5% | ||
| Q1 25 | 14.1% | -24.0% | ||
| Q4 24 | -0.3% | -40.6% | ||
| Q3 24 | 9.1% | -118.4% | ||
| Q2 24 | 10.4% | -3.1% | ||
| Q1 24 | 12.4% | -7.6% |
每股收益（稀释后）GOLFSBDS
| Q4 25 | $-0.57 | $-45.73 | ||
| Q3 25 | $0.81 | $-9.22 | ||
| Q2 25 | $1.25 | $-8.93 | ||
| Q1 25 | $1.62 | $-0.21 | ||
| Q4 24 | $0.02 | $-27.74 | ||
| Q3 24 | $0.89 | $-47.72 | ||
| Q2 24 | $1.11 | $-2.14 | ||
| Q1 24 | $1.35 | $-0.06 |
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 | — | $20.0M |
| 总债务越低越好 | $926.2M | $242.1M |
| 股东权益账面价值 | $783.6M | $46.0M |
| 总资产 | $2.3B | $360.3M |
| 负债/权益比越低杠杆越低 | 1.18× | 5.26× |
8季度趋势，按日历期对齐
现金及短期投资GOLFSBDS
| Q4 25 | — | $20.0M | ||
| Q3 25 | — | $16.3M | ||
| Q2 25 | — | $18.1M | ||
| Q1 25 | — | $206.4M | ||
| Q4 24 | — | $12.0M | ||
| Q3 24 | — | $12.5M | ||
| Q2 24 | — | $20.1M | ||
| Q1 24 | — | $15.4M |
总债务GOLFSBDS
| Q4 25 | $926.2M | $242.1M | ||
| Q3 25 | — | $235.2M | ||
| Q2 25 | — | $238.4M | ||
| Q1 25 | — | $427.9M | ||
| Q4 24 | $753.1M | $150.7M | ||
| Q3 24 | — | $161.1M | ||
| Q2 24 | — | $162.2M | ||
| Q1 24 | — | $170.2M |
股东权益GOLFSBDS
| Q4 25 | $783.6M | $46.0M | ||
| Q3 25 | $852.3M | $99.1M | ||
| Q2 25 | $808.5M | $113.2M | ||
| Q1 25 | $780.3M | $121.7M | ||
| Q4 24 | $765.2M | $133.7M | ||
| Q3 24 | $863.9M | $168.0M | ||
| Q2 24 | $863.7M | $236.7M | ||
| Q1 24 | $883.7M | $238.5M |
总资产GOLFSBDS
| Q4 25 | $2.3B | $360.3M | ||
| Q3 25 | $2.4B | $431.0M | ||
| Q2 25 | $2.4B | $459.7M | ||
| Q1 25 | $2.4B | $692.4M | ||
| Q4 24 | $2.2B | $495.1M | ||
| Q3 24 | $2.3B | $553.2M | ||
| Q2 24 | $2.3B | $642.0M | ||
| Q1 24 | $2.4B | $648.3M |
负债/权益比GOLFSBDS
| Q4 25 | 1.18× | 5.26× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | — | 2.11× | ||
| Q1 25 | — | 3.52× | ||
| Q4 24 | 0.98× | 1.13× | ||
| Q3 24 | — | 0.96× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.71× |
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 | $6.4M |
| 自由现金流经营现金流 - 资本支出 | $-23.3M | — |
| 自由现金流率自由现金流/营收 | -4.9% | — |
| 资本支出强度资本支出/营收 | 4.8% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流GOLFSBDS
| Q4 25 | $-338.0K | $6.4M | ||
| Q3 25 | $163.1M | $11.2M | ||
| Q2 25 | $151.9M | $10.9M | ||
| Q1 25 | $-120.3M | $-75.2M | ||
| Q4 24 | $-1.1M | $13.0M | ||
| Q3 24 | $144.1M | $378.0K | ||
| Q2 24 | $211.6M | $15.7M | ||
| Q1 24 | $-109.5M | $-18.5M |
自由现金流GOLFSBDS
| Q4 25 | $-23.3M | — | ||
| Q3 25 | $136.9M | — | ||
| Q2 25 | $138.0M | — | ||
| Q1 25 | $-131.5M | $-78.4M | ||
| Q4 24 | $-33.2M | $9.0M | ||
| Q3 24 | $123.7M | $-5.9M | ||
| Q2 24 | $196.8M | $12.8M | ||
| Q1 24 | $-116.8M | $-20.9M |
自由现金流率GOLFSBDS
| Q4 25 | -4.9% | — | ||
| Q3 25 | 20.8% | — | ||
| Q2 25 | 19.2% | — | ||
| Q1 25 | -18.7% | -101.5% | ||
| Q4 24 | -7.5% | 6.3% | ||
| Q3 24 | 19.9% | -6.3% | ||
| Q2 24 | 28.8% | 9.8% | ||
| Q1 24 | -16.5% | -24.5% |
资本支出强度GOLFSBDS
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.0% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 1.6% | 4.2% | ||
| Q4 24 | 7.2% | 2.8% | ||
| Q3 24 | 3.3% | 6.7% | ||
| Q2 24 | 2.2% | 2.2% | ||
| Q1 24 | 1.0% | 2.8% |
现金转化率GOLFSBDS
| Q4 25 | — | — | ||
| Q3 25 | 3.36× | — | ||
| Q2 25 | 2.01× | — | ||
| Q1 25 | -1.21× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.56× | — | ||
| 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% |
SBDS
| Sales Channel Directly To Consumer | $65.4M | 70% |
| Sales Channel Through Intermediary | $28.6M | 30% |
