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JOHNSON OUTDOORS INC（JOUT）与Ranpak Holdings Corp.（PACK）财务数据对比。点击上方公司名可切换其他公司
JOHNSON OUTDOORS INC的季度营收约是Ranpak Holdings Corp.的1.5倍（$140.9M vs $93.7M），JOHNSON OUTDOORS INC同比增速更快（30.9% vs 2.3%），过去两年Ranpak Holdings Corp.的营收复合增速更高（13.7% 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。
Ranpak Holdings Corp.主营生产防护纸质包装设备与纸制品，可为电商及各行业货品运输提供纸质缓冲包装方案，同时也供应自动化包装解决方案。公司总部位于美国俄亥俄州康科德，在美国本土多个州、捷克、荷兰、中国上海及新加坡均设有生产基地与办公室，产品可用于包裹缠绕、缓冲填隙、冷链运输等多种场景。
JOUT vs PACK — 直观对比
营收规模更大
JOUT
是对方的1.5倍
$93.7M
营收增速更快
JOUT
高出28.6%
2.3%
两年增速更快
PACK
近两年复合增速
-10.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.9M | $93.7M |
| 净利润 | $-3.3M | — |
| 毛利率 | 36.6% | 39.0% |
| 营业利润率 | -2.1% | -1.0% |
| 净利率 | -2.3% | — |
| 营收同比 | 30.9% | 2.3% |
| 净利润同比 | 78.4% | — |
| 每股收益（稀释后） | — | $-0.11 |
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JOUTPACK
| Q1 26 | $140.9M | — | ||
| Q4 25 | $135.8M | $93.7M | ||
| Q3 25 | — | $83.6M | ||
| Q2 25 | $180.7M | $77.8M | ||
| Q1 25 | $168.3M | $77.6M | ||
| Q4 24 | $107.6M | $91.6M | ||
| Q3 24 | $105.9M | $78.6M | ||
| Q2 24 | $172.5M | $72.8M |
净利润JOUTPACK
| Q1 26 | $-3.3M | — | ||
| Q4 25 | $-29.1M | — | ||
| Q3 25 | — | $-10.4M | ||
| Q2 25 | $7.7M | $-7.5M | ||
| Q1 25 | $2.3M | $-10.9M | ||
| Q4 24 | $-15.3M | — | ||
| Q3 24 | $-34.3M | $-8.1M | ||
| Q2 24 | $1.6M | $5.5M |
毛利率JOUTPACK
| Q1 26 | 36.6% | — | ||
| Q4 25 | 36.2% | 39.0% | ||
| Q3 25 | — | 41.1% | ||
| Q2 25 | 37.6% | 37.1% | ||
| Q1 25 | 35.0% | 39.8% | ||
| Q4 24 | 29.9% | 45.2% | ||
| Q3 24 | 23.5% | 43.8% | ||
| Q2 24 | 35.8% | 43.5% |
营业利润率JOUTPACK
| Q1 26 | -2.1% | — | ||
| Q4 25 | -6.0% | -1.0% | ||
| Q3 25 | — | -6.8% | ||
| Q2 25 | 4.1% | -12.5% | ||
| Q1 25 | 2.9% | -10.3% | ||
| Q4 24 | -18.8% | 1.5% | ||
| Q3 24 | -40.4% | -5.3% | ||
| Q2 24 | -0.3% | -7.1% |
净利率JOUTPACK
| Q1 26 | -2.3% | — | ||
| Q4 25 | -21.4% | — | ||
| Q3 25 | — | -12.4% | ||
| Q2 25 | 4.3% | -9.6% | ||
| Q1 25 | 1.4% | -14.0% | ||
| Q4 24 | -14.2% | — | ||
| Q3 24 | -32.4% | -10.3% | ||
| Q2 24 | 0.9% | 7.6% |
每股收益（稀释后）JOUTPACK
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.12 | ||
| Q2 25 | — | $-0.09 | ||
| Q1 25 | — | $-0.13 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | — | $-0.10 | ||
| Q2 24 | — | $0.07 |
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 | $63.0M |
| 总债务越低越好 | $0 | $401.9M |
| 股东权益账面价值 | $413.5M | $534.9M |
| 总资产 | $600.1M | $1.1B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资JOUTPACK
| Q1 26 | $130.7M | — | ||
| Q4 25 | $176.4M | $63.0M | ||
| Q3 25 | — | $49.9M | ||
| Q2 25 | $161.0M | $49.2M | ||
| Q1 25 | $94.0M | $65.5M | ||
| Q4 24 | $101.6M | $76.1M | ||
| Q3 24 | $162.0M | $69.5M | ||
| Q2 24 | $148.4M | $65.1M |
总债务JOUTPACK
| Q1 26 | $0 | — | ||
| Q4 25 | $0 | $401.9M | ||
| Q3 25 | — | $403.1M | ||
| Q2 25 | $0 | $403.1M | ||
| Q1 25 | $0 | $405.2M | ||
| Q4 24 | $0 | $406.4M | ||
| Q3 24 | $0 | $403.2M | ||
| Q2 24 | $0 | $396.1M |
股东权益JOUTPACK
| Q1 26 | $413.5M | — | ||
| Q4 25 | $418.4M | $534.9M | ||
| Q3 25 | — | $537.8M | ||
| Q2 25 | $450.5M | $539.0M | ||
| Q1 25 | $441.1M | $544.1M | ||
| Q4 24 | $440.3M | $548.1M | ||
| Q3 24 | $463.4M | $564.3M | ||
| Q2 24 | $498.7M | $566.2M |
总资产JOUTPACK
| Q1 26 | $600.1M | — | ||
| Q4 25 | $604.1M | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $634.5M | $1.1B | ||
| Q1 25 | $624.5M | $1.1B | ||
| Q4 24 | $612.9M | $1.1B | ||
| Q3 24 | $635.2M | $1.1B | ||
| Q2 24 | $679.8M | $1.1B |
负债/权益比JOUTPACK
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.00× | 0.75× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | 0.00× | 0.75× | ||
| Q1 25 | 0.00× | 0.74× | ||
| Q4 24 | 0.00× | 0.74× | ||
| Q3 24 | 0.00× | 0.71× | ||
| Q2 24 | 0.00× | 0.70× |
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 | $19.5M |
| 自由现金流经营现金流 - 资本支出 | $-42.7M | — |
| 自由现金流率自由现金流/营收 | -30.3% | — |
| 资本支出强度资本支出/营收 | 3.0% | — |
| 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 | $38.5M | — |
8季度趋势，按日历期对齐
经营现金流JOUTPACK
| Q1 26 | $-38.4M | — | ||
| Q4 25 | $23.4M | $19.5M | ||
| Q3 25 | — | $8.5M | ||
| Q2 25 | $71.4M | $-3.6M | ||
| Q1 25 | $-1.7M | $-1.3M | ||
| Q4 24 | $-36.9M | $6.5M | ||
| Q3 24 | $19.1M | $10.1M | ||
| Q2 24 | $73.7M | $19.6M |
自由现金流JOUTPACK
| Q1 26 | $-42.7M | — | ||
| Q4 25 | $19.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $66.9M | — | ||
| Q1 25 | $-5.0M | — | ||
| Q4 24 | $-41.0M | — | ||
| Q3 24 | $13.5M | — | ||
| Q2 24 | $67.4M | — |
自由现金流率JOUTPACK
| Q1 26 | -30.3% | — | ||
| Q4 25 | 14.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 37.0% | — | ||
| Q1 25 | -2.9% | — | ||
| Q4 24 | -38.1% | — | ||
| Q3 24 | 12.8% | — | ||
| Q2 24 | 39.1% | — |
资本支出强度JOUTPACK
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 5.3% | — | ||
| Q2 24 | 3.6% | — |
现金转化率JOUTPACK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 9.22× | — | ||
| Q1 25 | -0.72× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 45.41× | 3.56× |
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% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
