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JOHNSON OUTDOORS INC（JOUT）与百胜餐饮集团（LCUT）财务数据对比。点击上方公司名可切换其他公司
百胜餐饮集团的季度营收约是JOHNSON OUTDOORS INC的1.4倍（$204.1M vs $140.9M），百胜餐饮集团净利率更高（8.9% vs -2.3%，领先11.2%），JOHNSON OUTDOORS INC同比增速更快（30.9% vs -5.2%），百胜餐饮集团自由现金流更多（$2.6M vs $-42.7M），过去两年百胜餐饮集团的营收复合增速更高（19.8% vs -10.5%）
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。
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
JOUT vs LCUT — 直观对比
营收规模更大
LCUT
是对方的1.4倍
$140.9M
营收增速更快
JOUT
高出36.1%
-5.2%
净利率更高
LCUT
高出11.2%
-2.3%
自由现金流更多
LCUT
多$45.3M
$-42.7M
两年增速更快
LCUT
近两年复合增速
-10.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.9M | $204.1M |
| 净利润 | $-3.3M | $18.2M |
| 毛利率 | 36.6% | 38.6% |
| 营业利润率 | -2.1% | 9.8% |
| 净利率 | -2.3% | 8.9% |
| 营收同比 | 30.9% | -5.2% |
| 净利润同比 | 78.4% | 103.5% |
| 每股收益（稀释后） | — | $0.83 |
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JOUTLCUT
| Q1 26 | $140.9M | — | ||
| Q4 25 | $135.8M | $204.1M | ||
| Q3 25 | — | $171.9M | ||
| Q2 25 | $180.7M | $131.9M | ||
| Q1 25 | $168.3M | $140.1M | ||
| Q4 24 | $107.6M | $215.2M | ||
| Q3 24 | $105.9M | $183.8M | ||
| Q2 24 | $172.5M | $141.7M |
净利润JOUTLCUT
| Q1 26 | $-3.3M | — | ||
| Q4 25 | $-29.1M | $18.2M | ||
| Q3 25 | — | $-1.2M | ||
| Q2 25 | $7.7M | $-39.7M | ||
| Q1 25 | $2.3M | $-4.2M | ||
| Q4 24 | $-15.3M | $8.9M | ||
| Q3 24 | $-34.3M | $344.0K | ||
| Q2 24 | $1.6M | $-18.2M |
毛利率JOUTLCUT
| Q1 26 | 36.6% | — | ||
| Q4 25 | 36.2% | 38.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | 37.6% | 38.6% | ||
| Q1 25 | 35.0% | 36.1% | ||
| Q4 24 | 29.9% | 37.7% | ||
| Q3 24 | 23.5% | 36.7% | ||
| Q2 24 | 35.8% | 38.5% |
营业利润率JOUTLCUT
| Q1 26 | -2.1% | — | ||
| Q4 25 | -6.0% | 9.8% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | 4.1% | -28.2% | ||
| Q1 25 | 2.9% | 0.8% | ||
| Q4 24 | -18.8% | 7.2% | ||
| Q3 24 | -40.4% | 4.7% | ||
| Q2 24 | -0.3% | 0.8% |
净利率JOUTLCUT
| Q1 26 | -2.3% | — | ||
| Q4 25 | -21.4% | 8.9% | ||
| Q3 25 | — | -0.7% | ||
| Q2 25 | 4.3% | -30.1% | ||
| Q1 25 | 1.4% | -3.0% | ||
| Q4 24 | -14.2% | 4.1% | ||
| Q3 24 | -32.4% | 0.2% | ||
| Q2 24 | 0.9% | -12.8% |
每股收益（稀释后）JOUTLCUT
| Q1 26 | — | — | ||
| Q4 25 | — | $0.83 | ||
| Q3 25 | — | $-0.05 | ||
| Q2 25 | — | $-1.83 | ||
| Q1 25 | — | $-0.19 | ||
| Q4 24 | — | $0.41 | ||
| Q3 24 | — | $0.02 | ||
| Q2 24 | — | $-0.85 |
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 | $4.3M |
| 总债务越低越好 | $0 | $135.0M |
| 股东权益账面价值 | $413.5M | $202.3M |
| 总资产 | $600.1M | $572.6M |
| 负债/权益比越低杠杆越低 | 0.00× | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资JOUTLCUT
| Q1 26 | $130.7M | — | ||
| Q4 25 | $176.4M | $4.3M | ||
| Q3 25 | — | $12.1M | ||
| Q2 25 | $161.0M | $12.0M | ||
| Q1 25 | $94.0M | $10.4M | ||
| Q4 24 | $101.6M | $2.9M | ||
| Q3 24 | $162.0M | $6.0M | ||
| Q2 24 | $148.4M | $3.4M |
总债务JOUTLCUT
| Q1 26 | $0 | — | ||
| Q4 25 | $0 | $135.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $0 | $142.5M | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — |
股东权益JOUTLCUT
| Q1 26 | $413.5M | — | ||
| Q4 25 | $418.4M | $202.3M | ||
| Q3 25 | — | $184.6M | ||
| Q2 25 | $450.5M | $185.8M | ||
| Q1 25 | $441.1M | $225.7M | ||
| Q4 24 | $440.3M | $229.9M | ||
| Q3 24 | $463.4M | $220.9M | ||
| Q2 24 | $498.7M | $219.8M |
总资产JOUTLCUT
| Q1 26 | $600.1M | — | ||
| Q4 25 | $604.1M | $572.6M | ||
| Q3 25 | — | $581.1M | ||
| Q2 25 | $634.5M | $551.9M | ||
| Q1 25 | $624.5M | $594.6M | ||
| Q4 24 | $612.9M | $634.3M | ||
| Q3 24 | $635.2M | $668.7M | ||
| Q2 24 | $679.8M | $617.0M |
负债/权益比JOUTLCUT
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.00× | 0.67× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | 0.62× | ||
| 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 | $-38.4M | $3.7M |
| 自由现金流经营现金流 - 资本支出 | $-42.7M | $2.6M |
| 自由现金流率自由现金流/营收 | -30.3% | 1.3% |
| 资本支出强度资本支出/营收 | 3.0% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 0.21× |
| 过去12个月自由现金流最近4个季度 | $38.5M | $3.3M |
8季度趋势，按日历期对齐
经营现金流JOUTLCUT
| Q1 26 | $-38.4M | — | ||
| Q4 25 | $23.4M | $3.7M | ||
| Q3 25 | — | $-22.2M | ||
| Q2 25 | $71.4M | $9.3M | ||
| Q1 25 | $-1.7M | $16.7M | ||
| Q4 24 | $-36.9M | $20.3M | ||
| Q3 24 | $19.1M | $-22.7M | ||
| Q2 24 | $73.7M | $10.4M |
自由现金流JOUTLCUT
| Q1 26 | $-42.7M | — | ||
| Q4 25 | $19.2M | $2.6M | ||
| Q3 25 | — | $-22.7M | ||
| Q2 25 | $66.9M | $8.2M | ||
| Q1 25 | $-5.0M | $15.1M | ||
| Q4 24 | $-41.0M | $19.7M | ||
| Q3 24 | $13.5M | $-23.2M | ||
| Q2 24 | $67.4M | $9.9M |
自由现金流率JOUTLCUT
| Q1 26 | -30.3% | — | ||
| Q4 25 | 14.2% | 1.3% | ||
| Q3 25 | — | -13.2% | ||
| Q2 25 | 37.0% | 6.2% | ||
| Q1 25 | -2.9% | 10.8% | ||
| Q4 24 | -38.1% | 9.1% | ||
| Q3 24 | 12.8% | -12.6% | ||
| Q2 24 | 39.1% | 7.0% |
资本支出强度JOUTLCUT
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.1% | 0.6% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | 2.5% | 0.9% | ||
| Q1 25 | 2.0% | 1.1% | ||
| Q4 24 | 3.8% | 0.3% | ||
| Q3 24 | 5.3% | 0.3% | ||
| Q2 24 | 3.6% | 0.4% |
现金转化率JOUTLCUT
| Q1 26 | — | — | ||
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | 9.22× | — | ||
| Q1 25 | -0.72× | — | ||
| Q4 24 | — | 2.28× | ||
| Q3 24 | — | -65.89× | ||
| Q2 24 | 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
JOUT
| Fishing Segment | $112.1M | 80% |
| Diving Segment | $18.0M | 13% |
| Camping Watercraft Recreation Segment | $10.6M | 8% |
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
