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JOHNSON OUTDOORS INC（JOUT）与ORMAT TECHNOLOGIES, INC.（ORA）财务数据对比。点击上方公司名可切换其他公司
ORMAT TECHNOLOGIES, INC.的季度营收约是JOHNSON OUTDOORS INC的2.0倍（$276.0M vs $140.9M），ORMAT TECHNOLOGIES, INC.净利率更高（11.4% vs -2.3%，领先13.7%），JOHNSON OUTDOORS INC同比增速更快（30.9% vs 19.6%），ORMAT TECHNOLOGIES, INC.自由现金流更多（$-40.0M vs $-42.7M），过去两年ORMAT TECHNOLOGIES, INC.的营收复合增速更高（11.0% 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。
Ormat Technologies是总部位于美国内华达州里诺的跨国企业，主打可再生地热能源技术，累计建成超190座电站，总装机容量超3200兆瓦；截至2021年1月自主运营933兆瓦地热及余热回收电站，还向全球多国供应超千台涡轮增压器。
JOUT vs ORA — 直观对比
营收规模更大
ORA
是对方的2.0倍
$140.9M
营收增速更快
JOUT
高出11.3%
19.6%
净利率更高
ORA
高出13.7%
-2.3%
自由现金流更多
ORA
多$2.7M
$-42.7M
两年增速更快
ORA
近两年复合增速
-10.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.9M | $276.0M |
| 净利润 | $-3.3M | $31.4M |
| 毛利率 | 36.6% | 28.6% |
| 营业利润率 | -2.1% | 15.4% |
| 净利率 | -2.3% | 11.4% |
| 营收同比 | 30.9% | 19.6% |
| 净利润同比 | 78.4% | -23.2% |
| 每股收益（稀释后） | — | $0.51 |
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JOUTORA
| Q1 26 | $140.9M | — | ||
| Q4 25 | $135.8M | $276.0M | ||
| Q3 25 | — | $249.7M | ||
| Q2 25 | $180.7M | $234.0M | ||
| Q1 25 | $168.3M | $229.8M | ||
| Q4 24 | $107.6M | $230.7M | ||
| Q3 24 | $105.9M | $211.8M | ||
| Q2 24 | $172.5M | $213.0M |
净利润JOUTORA
| Q1 26 | $-3.3M | — | ||
| Q4 25 | $-29.1M | $31.4M | ||
| Q3 25 | — | $24.1M | ||
| Q2 25 | $7.7M | $28.0M | ||
| Q1 25 | $2.3M | $40.4M | ||
| Q4 24 | $-15.3M | $40.8M | ||
| Q3 24 | $-34.3M | $22.1M | ||
| Q2 24 | $1.6M | $22.2M |
毛利率JOUTORA
| Q1 26 | 36.6% | — | ||
| Q4 25 | 36.2% | 28.6% | ||
| Q3 25 | — | 25.6% | ||
| Q2 25 | 37.6% | 24.3% | ||
| Q1 25 | 35.0% | 31.7% | ||
| Q4 24 | 29.9% | 31.9% | ||
| Q3 24 | 23.5% | 27.8% | ||
| Q2 24 | 35.8% | 28.8% |
营业利润率JOUTORA
| Q1 26 | -2.1% | — | ||
| Q4 25 | -6.0% | 15.4% | ||
| Q3 25 | — | 16.2% | ||
| Q2 25 | 4.1% | 15.1% | ||
| Q1 25 | 2.9% | 22.2% | ||
| Q4 24 | -18.8% | 21.3% | ||
| Q3 24 | -40.4% | 16.8% | ||
| Q2 24 | -0.3% | 16.5% |
净利率JOUTORA
| Q1 26 | -2.3% | — | ||
| Q4 25 | -21.4% | 11.4% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | 4.3% | 12.0% | ||
| Q1 25 | 1.4% | 17.6% | ||
| Q4 24 | -14.2% | 17.7% | ||
| Q3 24 | -32.4% | 10.4% | ||
| Q2 24 | 0.9% | 10.4% |
每股收益（稀释后）JOUTORA
| Q1 26 | — | — | ||
| Q4 25 | — | $0.51 | ||
| Q3 25 | — | $0.39 | ||
| Q2 25 | — | $0.46 | ||
| Q1 25 | — | $0.66 | ||
| Q4 24 | — | $0.67 | ||
| Q3 24 | — | $0.36 | ||
| Q2 24 | — | $0.37 |
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 | $147.4M |
| 总债务越低越好 | $0 | $2.7B |
| 股东权益账面价值 | $413.5M | $2.5B |
| 总资产 | $600.1M | $6.2B |
| 负债/权益比越低杠杆越低 | 0.00× | 1.05× |
8季度趋势，按日历期对齐
现金及短期投资JOUTORA
| Q1 26 | $130.7M | — | ||
| Q4 25 | $176.4M | $147.4M | ||
| Q3 25 | — | $79.6M | ||
| Q2 25 | $161.0M | $88.5M | ||
| Q1 25 | $94.0M | $112.7M | ||
| Q4 24 | $101.6M | $94.4M | ||
| Q3 24 | $162.0M | $88.1M | ||
| Q2 24 | $148.4M | $66.3M |
总债务JOUTORA
| Q1 26 | $0 | — | ||
| Q4 25 | $0 | $2.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $0 | $2.3B | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — |
股东权益JOUTORA
| Q1 26 | $413.5M | — | ||
| Q4 25 | $418.4M | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | $450.5M | $2.5B | ||
| Q1 25 | $441.1M | $2.5B | ||
| Q4 24 | $440.3M | $2.4B | ||
| Q3 24 | $463.4M | $2.4B | ||
| Q2 24 | $498.7M | $2.4B |
总资产JOUTORA
| Q1 26 | $600.1M | — | ||
| Q4 25 | $604.1M | $6.2B | ||
| Q3 25 | — | $6.1B | ||
| Q2 25 | $634.5M | $6.0B | ||
| Q1 25 | $624.5M | $5.8B | ||
| Q4 24 | $612.9M | $5.7B | ||
| Q3 24 | $635.2M | $5.6B | ||
| Q2 24 | $679.8M | $5.5B |
负债/权益比JOUTORA
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.00× | 1.05× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | 0.97× | ||
| 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 | $105.0M |
| 自由现金流经营现金流 - 资本支出 | $-42.7M | $-40.0M |
| 自由现金流率自由现金流/营收 | -30.3% | -14.5% |
| 资本支出强度资本支出/营收 | 3.0% | 52.6% |
| 现金转化率经营现金流/净利润 | — | 3.35× |
| 过去12个月自由现金流最近4个季度 | $38.5M | $-284.7M |
8季度趋势，按日历期对齐
经营现金流JOUTORA
| Q1 26 | $-38.4M | — | ||
| Q4 25 | $23.4M | $105.0M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | $71.4M | $96.9M | ||
| Q1 25 | $-1.7M | $88.0M | ||
| Q4 24 | $-36.9M | $158.6M | ||
| Q3 24 | $19.1M | $106.4M | ||
| Q2 24 | $73.7M | $30.7M |
自由现金流JOUTORA
| Q1 26 | $-42.7M | — | ||
| Q4 25 | $19.2M | $-40.0M | ||
| Q3 25 | — | $-102.1M | ||
| Q2 25 | $66.9M | $-37.9M | ||
| Q1 25 | $-5.0M | $-104.6M | ||
| Q4 24 | $-41.0M | $30.9M | ||
| Q3 24 | $13.5M | $-3.3M | ||
| Q2 24 | $67.4M | $-116.1M |
自由现金流率JOUTORA
| Q1 26 | -30.3% | — | ||
| Q4 25 | 14.2% | -14.5% | ||
| Q3 25 | — | -40.9% | ||
| Q2 25 | 37.0% | -16.2% | ||
| Q1 25 | -2.9% | -45.5% | ||
| Q4 24 | -38.1% | 13.4% | ||
| Q3 24 | 12.8% | -1.6% | ||
| Q2 24 | 39.1% | -54.5% |
资本支出强度JOUTORA
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.1% | 52.6% | ||
| Q3 25 | — | 59.0% | ||
| Q2 25 | 2.5% | 57.6% | ||
| Q1 25 | 2.0% | 83.8% | ||
| Q4 24 | 3.8% | 55.4% | ||
| Q3 24 | 5.3% | 51.8% | ||
| Q2 24 | 3.6% | 69.0% |
现金转化率JOUTORA
| Q1 26 | — | — | ||
| Q4 25 | — | 3.35× | ||
| Q3 25 | — | 1.87× | ||
| Q2 25 | 9.22× | 3.45× | ||
| Q1 25 | -0.72× | 2.18× | ||
| Q4 24 | — | 3.89× | ||
| Q3 24 | — | 4.82× | ||
| Q2 24 | 45.41× | 1.38× |
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% |
ORA
| Electricity | $186.6M | 68% |
| Products | $63.1M | 23% |
| Energy Storage Segment | $26.3M | 10% |
| Product Segment | $1.2M | 0% |
