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JOHNSON OUTDOORS INC（JOUT）与WD 40 CO（WDFC）财务数据对比。点击上方公司名可切换其他公司
WD 40 CO的季度营收约是JOHNSON OUTDOORS INC的1.1倍（$154.4M vs $140.9M），WD 40 CO净利率更高（11.3% vs -2.3%，领先13.6%），JOHNSON OUTDOORS INC同比增速更快（30.9% vs 0.6%），WD 40 CO自由现金流更多（$9.1M vs $-42.7M），过去两年WD 40 CO的营收复合增速更高（5.4% 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。
WD-40公司是全球知名的消费及工业维护用品生产商，核心产品为同名多功能防锈润滑剂，同时布局清洁剂、除油剂、特殊润滑产品等品类，业务覆盖全球170余个国家和地区，服务零售、工业、汽车后市场等多个领域。
JOUT vs WDFC — 直观对比
营收规模更大
WDFC
是对方的1.1倍
$140.9M
营收增速更快
JOUT
高出30.3%
0.6%
净利率更高
WDFC
高出13.6%
-2.3%
自由现金流更多
WDFC
多$51.8M
$-42.7M
两年增速更快
WDFC
近两年复合增速
-10.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $140.9M | $154.4M |
| 净利润 | $-3.3M | $17.5M |
| 毛利率 | 36.6% | 56.2% |
| 营业利润率 | -2.1% | 15.1% |
| 净利率 | -2.3% | 11.3% |
| 营收同比 | 30.9% | 0.6% |
| 净利润同比 | 78.4% | -7.8% |
| 每股收益（稀释后） | — | $1.28 |
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JOUTWDFC
| Q1 26 | $140.9M | — | ||
| Q4 25 | $135.8M | $154.4M | ||
| Q3 25 | — | $163.5M | ||
| Q2 25 | $180.7M | $156.9M | ||
| Q1 25 | $168.3M | $146.1M | ||
| Q4 24 | $107.6M | $153.5M | ||
| Q3 24 | $105.9M | $156.0M | ||
| Q2 24 | $172.5M | $155.0M |
净利润JOUTWDFC
| Q1 26 | $-3.3M | — | ||
| Q4 25 | $-29.1M | $17.5M | ||
| Q3 25 | — | $21.2M | ||
| Q2 25 | $7.7M | $21.0M | ||
| Q1 25 | $2.3M | $29.9M | ||
| Q4 24 | $-15.3M | $18.9M | ||
| Q3 24 | $-34.3M | $16.8M | ||
| Q2 24 | $1.6M | $19.8M |
毛利率JOUTWDFC
| Q1 26 | 36.6% | — | ||
| Q4 25 | 36.2% | 56.2% | ||
| Q3 25 | — | 54.7% | ||
| Q2 25 | 37.6% | 56.2% | ||
| Q1 25 | 35.0% | 54.6% | ||
| Q4 24 | 29.9% | 54.8% | ||
| Q3 24 | 23.5% | 54.1% | ||
| Q2 24 | 35.8% | 53.1% |
营业利润率JOUTWDFC
| Q1 26 | -2.1% | — | ||
| Q4 25 | -6.0% | 15.1% | ||
| Q3 25 | — | 17.1% | ||
| Q2 25 | 4.1% | 17.4% | ||
| Q1 25 | 2.9% | 15.9% | ||
| Q4 24 | -18.8% | 16.4% | ||
| Q3 24 | -40.4% | 15.4% | ||
| Q2 24 | -0.3% | 17.5% |
净利率JOUTWDFC
| Q1 26 | -2.3% | — | ||
| Q4 25 | -21.4% | 11.3% | ||
| Q3 25 | — | 13.0% | ||
| Q2 25 | 4.3% | 13.4% | ||
| Q1 25 | 1.4% | 20.4% | ||
| Q4 24 | -14.2% | 12.3% | ||
| Q3 24 | -32.4% | 10.8% | ||
| Q2 24 | 0.9% | 12.8% |
每股收益（稀释后）JOUTWDFC
| Q1 26 | — | — | ||
| Q4 25 | — | $1.28 | ||
| Q3 25 | — | $1.57 | ||
| Q2 25 | — | $1.54 | ||
| Q1 25 | — | $2.19 | ||
| Q4 24 | — | $1.39 | ||
| Q3 24 | — | $1.23 | ||
| Q2 24 | — | $1.46 |
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 | $48.6M |
| 总债务越低越好 | $0 | $85.7M |
| 股东权益账面价值 | $413.5M | $264.1M |
| 总资产 | $600.1M | $459.7M |
| 负债/权益比越低杠杆越低 | 0.00× | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资JOUTWDFC
| Q1 26 | $130.7M | — | ||
| Q4 25 | $176.4M | $48.6M | ||
| Q3 25 | — | $58.1M | ||
| Q2 25 | $161.0M | $51.7M | ||
| Q1 25 | $94.0M | $53.0M | ||
| Q4 24 | $101.6M | $54.9M | ||
| Q3 24 | $162.0M | $46.7M | ||
| Q2 24 | $148.4M | $45.3M |
总债务JOUTWDFC
| Q1 26 | $0 | — | ||
| Q4 25 | $0 | $85.7M | ||
| Q3 25 | — | $86.2M | ||
| Q2 25 | $0 | $85.6M | ||
| Q1 25 | $0 | $84.4M | ||
| Q4 24 | $0 | $84.6M | ||
| Q3 24 | $0 | $86.0M | ||
| Q2 24 | $0 | $85.5M |
股东权益JOUTWDFC
| Q1 26 | $413.5M | — | ||
| Q4 25 | $418.4M | $264.1M | ||
| Q3 25 | — | $268.2M | ||
| Q2 25 | $450.5M | $257.1M | ||
| Q1 25 | $441.1M | $242.1M | ||
| Q4 24 | $440.3M | $226.3M | ||
| Q3 24 | $463.4M | $230.5M | ||
| Q2 24 | $498.7M | $222.2M |
总资产JOUTWDFC
| Q1 26 | $600.1M | — | ||
| Q4 25 | $604.1M | $459.7M | ||
| Q3 25 | — | $475.8M | ||
| Q2 25 | $634.5M | $456.0M | ||
| Q1 25 | $624.5M | $458.3M | ||
| Q4 24 | $612.9M | $447.3M | ||
| Q3 24 | $635.2M | $449.0M | ||
| Q2 24 | $679.8M | $443.6M |
负债/权益比JOUTWDFC
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.00× | 0.32× | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | 0.00× | 0.33× | ||
| Q1 25 | 0.00× | 0.35× | ||
| Q4 24 | 0.00× | 0.37× | ||
| Q3 24 | 0.00× | 0.37× | ||
| Q2 24 | 0.00× | 0.38× |
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 | $10.0M |
| 自由现金流经营现金流 - 资本支出 | $-42.7M | $9.1M |
| 自由现金流率自由现金流/营收 | -30.3% | 5.9% |
| 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 | — | 0.57× |
| 过去12个月自由现金流最近4个季度 | $38.5M | $78.2M |
8季度趋势，按日历期对齐
经营现金流JOUTWDFC
| Q1 26 | $-38.4M | — | ||
| Q4 25 | $23.4M | $10.0M | ||
| Q3 25 | — | $29.9M | ||
| Q2 25 | $71.4M | $35.1M | ||
| Q1 25 | $-1.7M | $8.0M | ||
| Q4 24 | $-36.9M | $14.9M | ||
| Q3 24 | $19.1M | $27.2M | ||
| Q2 24 | $73.7M | $19.9M |
自由现金流JOUTWDFC
| Q1 26 | $-42.7M | — | ||
| Q4 25 | $19.2M | $9.1M | ||
| Q3 25 | — | $28.6M | ||
| Q2 25 | $66.9M | $34.0M | ||
| Q1 25 | $-5.0M | $6.6M | ||
| Q4 24 | $-41.0M | $14.2M | ||
| Q3 24 | $13.5M | $26.4M | ||
| Q2 24 | $67.4M | $18.7M |
自由现金流率JOUTWDFC
| Q1 26 | -30.3% | — | ||
| Q4 25 | 14.2% | 5.9% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | 37.0% | 21.6% | ||
| Q1 25 | -2.9% | 4.5% | ||
| Q4 24 | -38.1% | 9.3% | ||
| Q3 24 | 12.8% | 16.9% | ||
| Q2 24 | 39.1% | 12.0% |
资本支出强度JOUTWDFC
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.1% | 0.6% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | 2.5% | 0.7% | ||
| Q1 25 | 2.0% | 0.9% | ||
| Q4 24 | 3.8% | 0.5% | ||
| Q3 24 | 5.3% | 0.5% | ||
| Q2 24 | 3.6% | 0.8% |
现金转化率JOUTWDFC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | 9.22× | 1.67× | ||
| Q1 25 | -0.72× | 0.27× | ||
| Q4 24 | — | 0.79× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | 45.41× | 1.00× |
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% |
WDFC
| Other | $82.6M | 53% |
| WD40Multi Use Product | $56.0M | 36% |
| WD40Specialist | $9.0M | 6% |
| Other Maintenance Products | $4.0M | 3% |
| Homecare And Cleaning Products | $2.7M | 2% |
