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JOHNSON OUTDOORS INC（JOUT）与再鼎医药（ZLAB）财务数据对比。点击上方公司名可切换其他公司
JOHNSON OUTDOORS INC的季度营收约是再鼎医药的1.1倍（$140.9M vs $127.1M），JOHNSON OUTDOORS INC同比增速更快（30.9% vs 17.1%），再鼎医药自由现金流更多（$-26.7M vs $-42.7M），过去两年再鼎医药的营收复合增速更高（20.8% 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。
再鼎医药是一家创新生物制药企业，专注于肿瘤、自身免疫性疾病、感染性疾病等领域创新疗法的研发、生产与商业化，核心市场覆盖大中华区，与全球多家头部生物科技企业合作，为存在未被满足医疗需求的患者提供治疗方案。
JOUT vs ZLAB — 直观对比
营收规模更大
JOUT
是对方的1.1倍
$127.1M
营收增速更快
JOUT
高出13.8%
17.1%
自由现金流更多
ZLAB
多$16.0M
$-42.7M
两年增速更快
ZLAB
近两年复合增速
-10.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.9M | $127.1M |
| 净利润 | $-3.3M | — |
| 毛利率 | 36.6% | 51.0% |
| 营业利润率 | -2.1% | -54.6% |
| 净利率 | -2.3% | — |
| 营收同比 | 30.9% | 17.1% |
| 净利润同比 | 78.4% | — |
| 每股收益（稀释后） | — | $-0.05 |
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JOUTZLAB
| Q1 26 | $140.9M | — | ||
| Q4 25 | $135.8M | $127.1M | ||
| Q3 25 | — | $115.4M | ||
| Q2 25 | $180.7M | $109.1M | ||
| Q1 25 | $168.3M | $105.7M | ||
| Q4 24 | $107.6M | $108.5M | ||
| Q3 24 | $105.9M | $101.8M | ||
| Q2 24 | $172.5M | $100.1M |
净利润JOUTZLAB
| Q1 26 | $-3.3M | — | ||
| Q4 25 | $-29.1M | — | ||
| Q3 25 | — | $-36.0M | ||
| Q2 25 | $7.7M | $-40.7M | ||
| Q1 25 | $2.3M | $-48.4M | ||
| Q4 24 | $-15.3M | — | ||
| Q3 24 | $-34.3M | $-41.7M | ||
| Q2 24 | $1.6M | $-80.3M |
毛利率JOUTZLAB
| Q1 26 | 36.6% | — | ||
| Q4 25 | 36.2% | 51.0% | ||
| Q3 25 | — | 59.5% | ||
| Q2 25 | 37.6% | 60.6% | ||
| Q1 25 | 35.0% | 63.6% | ||
| Q4 24 | 29.9% | 61.5% | ||
| Q3 24 | 23.5% | 64.1% | ||
| Q2 24 | 35.8% | 64.9% |
营业利润率JOUTZLAB
| Q1 26 | -2.1% | — | ||
| Q4 25 | -6.0% | -54.6% | ||
| Q3 25 | — | -42.3% | ||
| Q2 25 | 4.1% | -50.3% | ||
| Q1 25 | 2.9% | -53.3% | ||
| Q4 24 | -18.8% | -62.6% | ||
| Q3 24 | -40.4% | -66.6% | ||
| Q2 24 | -0.3% | -76.0% |
净利率JOUTZLAB
| Q1 26 | -2.3% | — | ||
| Q4 25 | -21.4% | — | ||
| Q3 25 | — | -31.2% | ||
| Q2 25 | 4.3% | -37.3% | ||
| Q1 25 | 1.4% | -45.8% | ||
| Q4 24 | -14.2% | — | ||
| Q3 24 | -32.4% | -40.9% | ||
| Q2 24 | 0.9% | -80.2% |
每股收益（稀释后）JOUTZLAB
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.05 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.04 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | — | $-0.09 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.08 |
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 | $689.6M |
| 总债务越低越好 | $0 | — |
| 股东权益账面价值 | $413.5M | $715.5M |
| 总资产 | $600.1M | $1.2B |
| 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JOUTZLAB
| Q1 26 | $130.7M | — | ||
| Q4 25 | $176.4M | $689.6M | ||
| Q3 25 | — | $717.2M | ||
| Q2 25 | $161.0M | $732.2M | ||
| Q1 25 | $94.0M | $757.3M | ||
| Q4 24 | $101.6M | $779.7M | ||
| Q3 24 | $162.0M | $616.1M | ||
| Q2 24 | $148.4M | $630.0M |
总债务JOUTZLAB
| 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JOUTZLAB
| Q1 26 | $413.5M | — | ||
| Q4 25 | $418.4M | $715.5M | ||
| Q3 25 | — | $759.9M | ||
| Q2 25 | $450.5M | $791.7M | ||
| Q1 25 | $441.1M | $810.8M | ||
| Q4 24 | $440.3M | $840.9M | ||
| Q3 24 | $463.4M | $667.7M | ||
| Q2 24 | $498.7M | $704.2M |
总资产JOUTZLAB
| Q1 26 | $600.1M | — | ||
| Q4 25 | $604.1M | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $634.5M | $1.2B | ||
| Q1 25 | $624.5M | $1.2B | ||
| Q4 24 | $612.9M | $1.2B | ||
| Q3 24 | $635.2M | $985.3M | ||
| Q2 24 | $679.8M | $987.4M |
负债/权益比JOUTZLAB
| 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 | $-26.0M |
| 自由现金流经营现金流 - 资本支出 | $-42.7M | $-26.7M |
| 自由现金流率自由现金流/营收 | -30.3% | -21.0% |
| 资本支出强度资本支出/营收 | 3.0% | 0.5% |
| 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 | $-158.9M |
8季度趋势，按日历期对齐
经营现金流JOUTZLAB
| Q1 26 | $-38.4M | — | ||
| Q4 25 | $23.4M | $-26.0M | ||
| Q3 25 | — | $-32.0M | ||
| Q2 25 | $71.4M | $-31.0M | ||
| Q1 25 | $-1.7M | $-61.7M | ||
| Q4 24 | $-36.9M | $-55.8M | ||
| Q3 24 | $19.1M | $-26.8M | ||
| Q2 24 | $73.7M | $-42.2M |
自由现金流JOUTZLAB
| Q1 26 | $-42.7M | — | ||
| Q4 25 | $19.2M | $-26.7M | ||
| Q3 25 | — | $-35.0M | ||
| Q2 25 | $66.9M | $-33.9M | ||
| Q1 25 | $-5.0M | $-63.2M | ||
| Q4 24 | $-41.0M | $-58.4M | ||
| Q3 24 | $13.5M | $-28.2M | ||
| Q2 24 | $67.4M | $-42.9M |
自由现金流率JOUTZLAB
| Q1 26 | -30.3% | — | ||
| Q4 25 | 14.2% | -21.0% | ||
| Q3 25 | — | -30.4% | ||
| Q2 25 | 37.0% | -31.1% | ||
| Q1 25 | -2.9% | -59.9% | ||
| Q4 24 | -38.1% | -53.8% | ||
| Q3 24 | 12.8% | -27.7% | ||
| Q2 24 | 39.1% | -42.9% |
资本支出强度JOUTZLAB
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.1% | 0.5% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | 2.5% | 2.6% | ||
| Q1 25 | 2.0% | 1.5% | ||
| Q4 24 | 3.8% | 2.4% | ||
| Q3 24 | 5.3% | 1.3% | ||
| Q2 24 | 3.6% | 0.7% |
现金转化率JOUTZLAB
| 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% |
ZLAB
| Zejula | $56.0M | 44% |
| Other | $21.9M | 17% |
| Nuzyra | $16.0M | 13% |
| Optune | $11.9M | 9% |
| XACDURO | $10.7M | 8% |
| Qinlock | $9.7M | 8% |
| AUGTYRO | $836.0K | 1% |
