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JOHNSON OUTDOORS INC（JOUT）与Tilray Brands, Inc.（TLRY）财务数据对比。点击上方公司名可切换其他公司
Tilray Brands, Inc.的季度营收约是JOHNSON OUTDOORS INC的1.5倍（$217.5M vs $140.9M），JOHNSON OUTDOORS INC净利率更高（-2.3% vs -20.7%，领先18.3%），JOHNSON OUTDOORS INC同比增速更快（30.9% vs 3.1%），过去两年Tilray Brands, Inc.的营收复合增速更高（7.5% 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。
Tilray Brands, Inc.是一家美国企业，主营医药、大麻生活方式产品以及包装消费品业务，公司注册于美国，总部坐落于纽约。该公司在加拿大、澳大利亚、新西兰、拉美地区均开展业务，同时在德国和葡萄牙拥有大麻种植基地。
JOUT vs TLRY — 直观对比
营收规模更大
TLRY
是对方的1.5倍
$140.9M
营收增速更快
JOUT
高出27.8%
3.1%
净利率更高
JOUT
高出18.3%
-20.7%
两年增速更快
TLRY
近两年复合增速
-10.5%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $140.9M | $217.5M |
| 净利润 | $-3.3M | $-44.9M |
| 毛利率 | 36.6% | 26.4% |
| 营业利润率 | -2.1% | -10.2% |
| 净利率 | -2.3% | -20.7% |
| 营收同比 | 30.9% | 3.1% |
| 净利润同比 | 78.4% | 47.4% |
| 每股收益（稀释后） | — | $-0.41 |
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JOUTTLRY
| Q1 26 | $140.9M | — | ||
| Q4 25 | $135.8M | $217.5M | ||
| Q3 25 | — | $209.5M | ||
| Q2 25 | $180.7M | $224.5M | ||
| Q1 25 | $168.3M | $185.8M | ||
| Q4 24 | $107.6M | $210.9M | ||
| Q3 24 | $105.9M | $200.0M | ||
| Q2 24 | $172.5M | $229.9M |
净利润JOUTTLRY
| Q1 26 | $-3.3M | — | ||
| Q4 25 | $-29.1M | $-44.9M | ||
| Q3 25 | — | $-322.0K | ||
| Q2 25 | $7.7M | $-1.3B | ||
| Q1 25 | $2.3M | $-789.4M | ||
| Q4 24 | $-15.3M | $-85.3M | ||
| Q3 24 | $-34.3M | $-39.2M | ||
| Q2 24 | $1.6M | $-31.7M |
毛利率JOUTTLRY
| Q1 26 | 36.6% | — | ||
| Q4 25 | 36.2% | 26.4% | ||
| Q3 25 | — | 27.4% | ||
| Q2 25 | 37.6% | 30.1% | ||
| Q1 25 | 35.0% | 28.0% | ||
| Q4 24 | 29.9% | 29.0% | ||
| Q3 24 | 23.5% | 29.8% | ||
| Q2 24 | 35.8% | 35.8% |
营业利润率JOUTTLRY
| Q1 26 | -2.1% | — | ||
| Q4 25 | -6.0% | -10.2% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | 4.1% | -643.1% | ||
| Q1 25 | 2.9% | -409.0% | ||
| Q4 24 | -18.8% | -20.0% | ||
| Q3 24 | -40.4% | -18.3% | ||
| Q2 24 | -0.3% | -7.2% |
净利率JOUTTLRY
| Q1 26 | -2.3% | — | ||
| Q4 25 | -21.4% | -20.7% | ||
| Q3 25 | — | -0.2% | ||
| Q2 25 | 4.3% | -566.9% | ||
| Q1 25 | 1.4% | -424.9% | ||
| Q4 24 | -14.2% | -40.5% | ||
| Q3 24 | -32.4% | -19.6% | ||
| Q2 24 | 0.9% | -13.8% |
每股收益（稀释后）JOUTTLRY
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.41 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $7.26 | ||
| Q1 25 | — | $-8.69 | ||
| Q4 24 | — | $-0.99 | ||
| Q3 24 | — | $-0.04 | ||
| 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 | $291.6M |
| 总债务越低越好 | $0 | — |
| 股东权益账面价值 | $413.5M | $1.6B |
| 总资产 | $600.1M | $2.1B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资JOUTTLRY
| Q1 26 | $130.7M | — | ||
| Q4 25 | $176.4M | $291.6M | ||
| Q3 25 | — | $264.8M | ||
| Q2 25 | $161.0M | $256.4M | ||
| Q1 25 | $94.0M | — | ||
| Q4 24 | $101.6M | $252.2M | ||
| Q3 24 | $162.0M | $280.1M | ||
| Q2 24 | $148.4M | $260.5M |
总债务JOUTTLRY
| Q1 26 | $0 | — | ||
| Q4 25 | $0 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — |
股东权益JOUTTLRY
| Q1 26 | $413.5M | — | ||
| Q4 25 | $418.4M | $1.6B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $450.5M | $1.5B | ||
| Q1 25 | $441.1M | $2.7B | ||
| Q4 24 | $440.3M | $3.5B | ||
| Q3 24 | $463.4M | $3.5B | ||
| Q2 24 | $498.7M | $3.4B |
总资产JOUTTLRY
| Q1 26 | $600.1M | — | ||
| Q4 25 | $604.1M | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $634.5M | $2.1B | ||
| Q1 25 | $624.5M | — | ||
| Q4 24 | $612.9M | $4.2B | ||
| Q3 24 | $635.2M | $4.3B | ||
| Q2 24 | $679.8M | $4.2B |
负债/权益比JOUTTLRY
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| 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 | $-8.5M |
| 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JOUTTLRY
| Q1 26 | $-38.4M | — | ||
| Q4 25 | $23.4M | $-8.5M | ||
| Q3 25 | — | $-1.3M | ||
| Q2 25 | $71.4M | $-12.8M | ||
| Q1 25 | $-1.7M | $-5.8M | ||
| Q4 24 | $-36.9M | $-40.7M | ||
| Q3 24 | $19.1M | $-35.3M | ||
| Q2 24 | $73.7M | $30.7M |
自由现金流JOUTTLRY
| Q1 26 | $-42.7M | — | ||
| Q4 25 | $19.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $66.9M | $-19.1M | ||
| Q1 25 | $-5.0M | $-20.2M | ||
| Q4 24 | $-41.0M | $-46.2M | ||
| Q3 24 | $13.5M | $-42.0M | ||
| Q2 24 | $67.4M | $21.0M |
自由现金流率JOUTTLRY
| Q1 26 | -30.3% | — | ||
| Q4 25 | 14.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 37.0% | -8.5% | ||
| Q1 25 | -2.9% | -10.9% | ||
| Q4 24 | -38.1% | -21.9% | ||
| Q3 24 | 12.8% | -21.0% | ||
| Q2 24 | 39.1% | 9.1% |
资本支出强度JOUTTLRY
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.5% | 2.8% | ||
| Q1 25 | 2.0% | 7.8% | ||
| Q4 24 | 3.8% | 2.6% | ||
| Q3 24 | 5.3% | 3.4% | ||
| Q2 24 | 3.6% | 4.2% |
现金转化率JOUTTLRY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 9.22× | — | ||
| Q1 25 | -0.72× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
TLRY
| Adultuse Cannabis Products | $62.4M | 29% |
| Other | $59.2M | 27% |
| Beverage Alcohol Business | $53.6M | 25% |
| International Cannabis Products | $20.2M | 9% |
| Wellness Business | $14.6M | 7% |
| Medical Cannabis Products | $6.2M | 3% |
| Wholesale Cannabis Products | $1.3M | 1% |
