vs
JOHNSON OUTDOORS INC（JOUT）与Repay Holdings Corp（RPAY）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Repay Holdings Corp的1.8倍（$140.9M vs $78.6M），JOHNSON OUTDOORS INC净利率更高（-2.3% vs -178.3%，领先176.0%），JOHNSON OUTDOORS INC同比增速更快（30.9% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $-42.7M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% 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。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
JOUT vs RPAY — 直观对比
营收规模更大
JOUT
是对方的1.8倍
$78.6M
营收增速更快
JOUT
高出30.5%
0.4%
净利率更高
JOUT
高出176.0%
-178.3%
自由现金流更多
RPAY
多$65.9M
$-42.7M
两年增速更快
RPAY
近两年复合增速
-10.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.9M | $78.6M |
| 净利润 | $-3.3M | $-140.1M |
| 毛利率 | 36.6% | 74.2% |
| 营业利润率 | -2.1% | -182.2% |
| 净利率 | -2.3% | -178.3% |
| 营收同比 | 30.9% | 0.4% |
| 净利润同比 | 78.4% | -3304.1% |
| 每股收益（稀释后） | — | $-1.68 |
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JOUTRPAY
| Q1 26 | $140.9M | — | ||
| Q4 25 | $135.8M | $78.6M | ||
| Q3 25 | — | $77.7M | ||
| Q2 25 | $180.7M | $75.6M | ||
| Q1 25 | $168.3M | $77.3M | ||
| Q4 24 | $107.6M | $78.3M | ||
| Q3 24 | $105.9M | $79.1M | ||
| Q2 24 | $172.5M | $74.9M |
净利润JOUTRPAY
| Q1 26 | $-3.3M | — | ||
| Q4 25 | $-29.1M | $-140.1M | ||
| Q3 25 | — | $-6.4M | ||
| Q2 25 | $7.7M | $-102.3M | ||
| Q1 25 | $2.3M | $-7.9M | ||
| Q4 24 | $-15.3M | $-4.1M | ||
| Q3 24 | $-34.3M | $3.2M | ||
| Q2 24 | $1.6M | $-4.1M |
毛利率JOUTRPAY
| Q1 26 | 36.6% | — | ||
| Q4 25 | 36.2% | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | 37.6% | 75.7% | ||
| Q1 25 | 35.0% | 75.9% | ||
| Q4 24 | 29.9% | 76.3% | ||
| Q3 24 | 23.5% | 77.8% | ||
| Q2 24 | 35.8% | 78.2% |
营业利润率JOUTRPAY
| Q1 26 | -2.1% | — | ||
| Q4 25 | -6.0% | -182.2% | ||
| Q3 25 | — | -3.9% | ||
| Q2 25 | 4.1% | -138.7% | ||
| Q1 25 | 2.9% | -4.7% | ||
| Q4 24 | -18.8% | -1.5% | ||
| Q3 24 | -40.4% | -0.9% | ||
| Q2 24 | -0.3% | -4.6% |
净利率JOUTRPAY
| Q1 26 | -2.3% | — | ||
| Q4 25 | -21.4% | -178.3% | ||
| Q3 25 | — | -8.3% | ||
| Q2 25 | 4.3% | -135.2% | ||
| Q1 25 | 1.4% | -10.3% | ||
| Q4 24 | -14.2% | -5.3% | ||
| Q3 24 | -32.4% | 4.1% | ||
| Q2 24 | 0.9% | -5.4% |
每股收益（稀释后）JOUTRPAY
| Q1 26 | — | — | ||
| Q4 25 | — | $-1.68 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-1.15 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $-0.04 |
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 | $115.7M |
| 总债务越低越好 | $0 | $280.1M |
| 股东权益账面价值 | $413.5M | $484.4M |
| 总资产 | $600.1M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资JOUTRPAY
| Q1 26 | $130.7M | — | ||
| Q4 25 | $176.4M | $115.7M | ||
| Q3 25 | — | $95.7M | ||
| Q2 25 | $161.0M | $162.6M | ||
| Q1 25 | $94.0M | $165.5M | ||
| Q4 24 | $101.6M | $189.5M | ||
| Q3 24 | $162.0M | $168.7M | ||
| Q2 24 | $148.4M | $147.1M |
总债务JOUTRPAY
| Q1 26 | $0 | — | ||
| Q4 25 | $0 | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | $0 | $279.0M | ||
| Q1 25 | $0 | $497.6M | ||
| Q4 24 | $0 | $496.8M | ||
| Q3 24 | $0 | $496.2M | ||
| Q2 24 | $0 | $435.6M |
股东权益JOUTRPAY
| Q1 26 | $413.5M | — | ||
| Q4 25 | $418.4M | $484.4M | ||
| Q3 25 | — | $616.9M | ||
| Q2 25 | $450.5M | $633.7M | ||
| Q1 25 | $441.1M | $755.7M | ||
| Q4 24 | $440.3M | $761.3M | ||
| Q3 24 | $463.4M | $754.7M | ||
| Q2 24 | $498.7M | $815.4M |
总资产JOUTRPAY
| Q1 26 | $600.1M | — | ||
| Q4 25 | $604.1M | $1.2B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $634.5M | $1.4B | ||
| Q1 25 | $624.5M | $1.5B | ||
| Q4 24 | $612.9M | $1.6B | ||
| Q3 24 | $635.2M | $1.6B | ||
| Q2 24 | $679.8M | $1.5B |
负债/权益比JOUTRPAY
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.00× | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | 0.00× | 0.44× | ||
| Q1 25 | 0.00× | 0.66× | ||
| Q4 24 | 0.00× | 0.65× | ||
| Q3 24 | 0.00× | 0.66× | ||
| Q2 24 | 0.00× | 0.53× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-42.7M | $23.2M |
| 自由现金流率自由现金流/营收 | -30.3% | 29.6% |
| 资本支出强度资本支出/营收 | 3.0% | 0.1% |
| 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 | $90.7M |
8季度趋势，按日历期对齐
经营现金流JOUTRPAY
| Q1 26 | $-38.4M | — | ||
| Q4 25 | $23.4M | $23.3M | ||
| Q3 25 | — | $32.2M | ||
| Q2 25 | $71.4M | $33.1M | ||
| Q1 25 | $-1.7M | $2.5M | ||
| Q4 24 | $-36.9M | $34.3M | ||
| Q3 24 | $19.1M | $60.1M | ||
| Q2 24 | $73.7M | $31.0M |
自由现金流JOUTRPAY
| Q1 26 | $-42.7M | — | ||
| Q4 25 | $19.2M | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | $66.9M | $33.0M | ||
| Q1 25 | $-5.0M | $2.4M | ||
| Q4 24 | $-41.0M | $34.0M | ||
| Q3 24 | $13.5M | $59.8M | ||
| Q2 24 | $67.4M | $30.5M |
自由现金流率JOUTRPAY
| Q1 26 | -30.3% | — | ||
| Q4 25 | 14.2% | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | 37.0% | 43.6% | ||
| Q1 25 | -2.9% | 3.0% | ||
| Q4 24 | -38.1% | 43.5% | ||
| Q3 24 | 12.8% | 75.6% | ||
| Q2 24 | 39.1% | 40.7% |
资本支出强度JOUTRPAY
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.1% | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | 2.5% | 0.1% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 3.8% | 0.3% | ||
| Q3 24 | 5.3% | 0.3% | ||
| Q2 24 | 3.6% | 0.6% |
现金转化率JOUTRPAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 9.22× | — | ||
| Q1 25 | -0.72× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
