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铱星通信（IRDM）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
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的季度营收约是铱星通信的1.5倍（$331.3M vs $219.1M），铱星通信净利率更高（9.9% vs 0.0%，领先9.9%），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.同比增速更快（2.2% vs 1.9%），过去两年铱星通信的营收复合增速更高（4.4% vs -5.4%）
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
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。
IRDM vs SPWH — 直观对比
营收规模更大
SPWH
是对方的1.5倍
$219.1M
营收增速更快
SPWH
高出0.2%
1.9%
净利率更高
IRDM
高出9.9%
0.0%
两年增速更快
IRDM
近两年复合增速
-5.4%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $219.1M | $331.3M |
| 净利润 | $21.6M | $8.0K |
| 毛利率 | — | 32.8% |
| 营业利润率 | 23.2% | 1.3% |
| 净利率 | 9.9% | 0.0% |
| 营收同比 | 1.9% | 2.2% |
| 净利润同比 | — | -97.8% |
| 每股收益（稀释后） | — | $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IRDMSPWH
| Q1 26 | $219.1M | — | ||
| Q4 25 | $212.9M | $331.3M | ||
| Q3 25 | $226.9M | $293.9M | ||
| Q2 25 | $216.9M | $249.1M | ||
| Q1 25 | $214.9M | $340.4M | ||
| Q4 24 | $213.0M | $324.3M | ||
| Q3 24 | $212.8M | $288.7M | ||
| Q2 24 | $201.1M | $244.2M |
净利润IRDMSPWH
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $8.0K | ||
| Q3 25 | $37.1M | $-7.1M | ||
| Q2 25 | $22.0M | $-21.3M | ||
| Q1 25 | $30.4M | $-8.7M | ||
| Q4 24 | $36.3M | $-364.0K | ||
| Q3 24 | $24.4M | $-5.9M | ||
| Q2 24 | $32.3M | $-18.1M |
毛利率IRDMSPWH
| Q1 26 | — | — | ||
| 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% |
营业利润率IRDMSPWH
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 1.3% | ||
| Q3 25 | 30.9% | -1.1% | ||
| Q2 25 | 23.2% | -7.9% | ||
| Q1 25 | 28.1% | 1.1% | ||
| Q4 24 | 24.5% | 1.0% | ||
| Q3 24 | 25.8% | -1.5% | ||
| Q2 24 | 21.7% | -8.4% |
净利率IRDMSPWH
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 0.0% | ||
| Q3 25 | 16.4% | -2.4% | ||
| Q2 25 | 10.1% | -8.5% | ||
| Q1 25 | 14.2% | -2.6% | ||
| Q4 24 | 17.1% | -0.1% | ||
| Q3 24 | 11.5% | -2.0% | ||
| Q2 24 | 16.1% | -7.4% |
每股收益（稀释后）IRDMSPWH
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.00 | ||
| Q3 25 | $0.35 | $-0.18 | ||
| Q2 25 | $0.20 | $-0.56 | ||
| Q1 25 | $0.27 | $-0.22 | ||
| Q4 24 | $0.30 | $-0.01 | ||
| Q3 24 | $0.21 | $-0.16 | ||
| Q2 24 | $0.27 | $-0.48 |
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 | — | $2.2M |
| 总债务越低越好 | — | $44.0M |
| 股东权益账面价值 | — | $209.5M |
| 总资产 | — | $913.9M |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资IRDMSPWH
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $2.2M | ||
| Q3 25 | $88.5M | $1.8M | ||
| Q2 25 | $79.3M | $3.6M | ||
| Q1 25 | $50.9M | $2.8M | ||
| Q4 24 | $93.5M | $2.7M | ||
| Q3 24 | $159.6M | $2.6M | ||
| Q2 24 | $63.5M | $2.2M |
总债务IRDMSPWH
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $44.0M | ||
| Q3 25 | — | $43.9M | ||
| Q2 25 | — | $24.1M | ||
| Q1 25 | — | $24.1M | ||
| Q4 24 | $1.8B | $24.0M | ||
| Q3 24 | — | $24.0M | ||
| Q2 24 | — | — |
股东权益IRDMSPWH
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $209.5M | ||
| Q3 25 | $450.5M | $208.9M | ||
| Q2 25 | $473.6M | $215.1M | ||
| Q1 25 | $518.4M | $235.7M | ||
| Q4 24 | $576.6M | $243.6M | ||
| Q3 24 | $663.8M | $243.0M | ||
| Q2 24 | $786.7M | $247.5M |
总资产IRDMSPWH
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $913.9M | ||
| Q3 25 | $2.6B | $948.9M | ||
| Q2 25 | $2.6B | $929.7M | ||
| Q1 25 | $2.6B | $852.1M | ||
| Q4 24 | $2.7B | $967.7M | ||
| Q3 24 | $2.8B | $901.9M | ||
| Q2 24 | $2.7B | $930.4M |
负债/权益比IRDMSPWH
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | 3.05× | 0.10× | ||
| Q3 24 | — | 0.10× | ||
| Q2 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 | — | $16.3M |
| 自由现金流经营现金流 - 资本支出 | — | $8.7M |
| 自由现金流率自由现金流/营收 | — | 2.6% |
| 资本支出强度资本支出/营收 | 13.7% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 2038.00× |
| 过去12个月自由现金流最近4个季度 | — | $-39.7M |
8季度趋势，按日历期对齐
经营现金流IRDMSPWH
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $16.3M | ||
| Q3 25 | $100.8M | $-26.6M | ||
| Q2 25 | $129.6M | $-60.2M | ||
| Q1 25 | $61.1M | $52.8M | ||
| Q4 24 | $104.8M | $-2.5M | ||
| Q3 24 | $118.6M | $18.5M | ||
| Q2 24 | $81.1M | $-34.6M |
自由现金流IRDMSPWH
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $8.7M | ||
| Q3 25 | $79.2M | $-33.9M | ||
| Q2 25 | $108.9M | $-64.0M | ||
| Q1 25 | $36.5M | $49.6M | ||
| Q4 24 | $80.5M | $-6.2M | ||
| Q3 24 | $100.0M | $14.1M | ||
| Q2 24 | $68.7M | $-38.0M |
自由现金流率IRDMSPWH
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 2.6% | ||
| Q3 25 | 34.9% | -11.5% | ||
| Q2 25 | 50.2% | -25.7% | ||
| Q1 25 | 17.0% | 14.6% | ||
| Q4 24 | 37.8% | -1.9% | ||
| Q3 24 | 47.0% | 4.9% | ||
| Q2 24 | 34.2% | -15.5% |
资本支出强度IRDMSPWH
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 2.3% | ||
| Q3 25 | 9.5% | 2.5% | ||
| Q2 25 | 9.5% | 1.5% | ||
| Q1 25 | 11.4% | 1.0% | ||
| Q4 24 | 11.4% | 1.1% | ||
| Q3 24 | 8.7% | 1.5% | ||
| Q2 24 | 6.2% | 1.4% |
现金转化率IRDMSPWH
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 2038.00× | ||
| Q3 25 | 2.71× | — | ||
| Q2 25 | 5.90× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | — | ||
| Q3 24 | 4.85× | — | ||
| Q2 24 | 2.51× | — |
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
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
SPWH
暂无分部数据
