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OneWater Marine Inc.（ONEW）与Planet Fitness, Inc.（PLNT）财务数据对比。点击上方公司名可切换其他公司
OneWater Marine Inc.的季度营收约是Planet Fitness, Inc.的1.0倍（$380.6M vs $376.3M），Planet Fitness, Inc.净利率更高（16.0% vs -2.0%，领先18.1%），Planet Fitness, Inc.同比增速更快（10.5% vs 1.3%），Planet Fitness, Inc.自由现金流更多（$59.0M vs $-78.2M），过去两年Planet Fitness, Inc.的营收复合增速更高（23.2% vs -11.7%）
OneWater Marine Inc.是美国头部休闲船舶零售企业，主营全新及二手船只、游艇、船舶零配件销售，同时提供船只维修保养、配套融资等服务，通过覆盖北美多州的经销商网络服务个人及商业休闲船艇客户。
Planet Fitness Inc.是总部位于美国新罕布什尔州汉普顿的健身中心特许经营商及运营商，目前在全球拥有约2715家门店，覆盖美国、加拿大、巴拿马、墨西哥、西班牙、澳大利亚等国，是全球规模最大的健身俱乐部特许经营品牌之一，主打「无评判空间」理念，面向所有健身水平的用户开放。
ONEW vs PLNT — 直观对比
营收规模更大
ONEW
是对方的1.0倍
$376.3M
营收增速更快
PLNT
高出9.3%
1.3%
净利率更高
PLNT
高出18.1%
-2.0%
自由现金流更多
PLNT
多$137.2M
$-78.2M
两年增速更快
PLNT
近两年复合增速
-11.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $380.6M | $376.3M |
| 净利润 | $-7.7M | $60.4M |
| 毛利率 | 23.5% | 76.0% |
| 营业利润率 | -1.4% | 28.2% |
| 净利率 | -2.0% | 16.0% |
| 营收同比 | 1.3% | 10.5% |
| 净利润同比 | 35.6% | 28.3% |
| 每股收益（稀释后） | — | — |
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ONEWPLNT
| Q4 25 | $380.6M | $376.3M | ||
| Q3 25 | $460.1M | $330.3M | ||
| Q2 25 | $552.9M | $340.9M | ||
| Q1 25 | $483.5M | $276.7M | ||
| Q4 24 | $375.8M | $340.4M | ||
| Q3 24 | $377.9M | $292.2M | ||
| Q2 24 | $542.4M | $300.9M | ||
| Q1 24 | $488.3M | $248.0M |
净利润ONEWPLNT
| Q4 25 | $-7.7M | $60.4M | ||
| Q3 25 | $-113.0M | $58.8M | ||
| Q2 25 | $10.7M | $58.0M | ||
| Q1 25 | $-368.0K | $41.9M | ||
| Q4 24 | $-12.0M | $47.1M | ||
| Q3 24 | $-9.2M | $42.0M | ||
| Q2 24 | $14.7M | $48.6M | ||
| Q1 24 | $-4.0M | $34.3M |
毛利率ONEWPLNT
| Q4 25 | 23.5% | 76.0% | ||
| Q3 25 | 22.6% | 82.4% | ||
| Q2 25 | 23.3% | 82.6% | ||
| Q1 25 | 22.8% | 91.9% | ||
| Q4 24 | 22.4% | 76.4% | ||
| Q3 24 | 24.0% | 84.4% | ||
| Q2 24 | 24.4% | 82.7% | ||
| Q1 24 | 24.6% | 92.3% |
营业利润率ONEWPLNT
| Q4 25 | -1.4% | 28.2% | ||
| Q3 25 | -28.3% | 32.4% | ||
| Q2 25 | 5.5% | 30.0% | ||
| Q1 25 | 3.4% | 28.6% | ||
| Q4 24 | -0.5% | 26.4% | ||
| Q3 24 | 1.2% | 27.8% | ||
| Q2 24 | 7.4% | 29.0% | ||
| Q1 24 | 2.8% | 26.5% |
净利率ONEWPLNT
| Q4 25 | -2.0% | 16.0% | ||
| Q3 25 | -24.5% | 17.8% | ||
| Q2 25 | 1.9% | 17.0% | ||
| Q1 25 | -0.1% | 15.1% | ||
| Q4 24 | -3.2% | 13.8% | ||
| Q3 24 | -2.4% | 14.4% | ||
| Q2 24 | 2.7% | 16.2% | ||
| Q1 24 | -0.8% | 13.8% |
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 | — | $452.4M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $277.5M | $-482.8M |
| 总资产 | $1.4B | $3.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ONEWPLNT
| Q4 25 | — | $452.4M | ||
| Q3 25 | — | $443.4M | ||
| Q2 25 | — | $442.7M | ||
| Q1 25 | — | $453.6M | ||
| Q4 24 | — | $407.3M | ||
| Q3 24 | — | $407.4M | ||
| Q2 24 | — | $350.2M | ||
| Q1 24 | — | $395.1M |
总债务ONEWPLNT
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.0B |
股东权益ONEWPLNT
| Q4 25 | $277.5M | $-482.8M | ||
| Q3 25 | $285.0M | $-194.8M | ||
| Q2 25 | $393.2M | $-158.7M | ||
| Q1 25 | $381.6M | $-219.9M | ||
| Q4 24 | $354.8M | $-215.4M | ||
| Q3 24 | $360.8M | $-266.1M | ||
| Q2 24 | $368.6M | $-317.7M | ||
| Q1 24 | $351.7M | $-96.4M |
总资产ONEWPLNT
| Q4 25 | $1.4B | $3.1B | ||
| Q3 25 | $1.4B | $3.1B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.6B | $3.1B | ||
| Q4 24 | $1.6B | $3.1B | ||
| Q3 24 | $1.6B | $3.0B | ||
| Q2 24 | $1.6B | $3.0B | ||
| Q1 24 | $1.7B | $3.0B |
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 | $-76.3M | $109.1M |
| 自由现金流经营现金流 - 资本支出 | $-78.2M | $59.0M |
| 自由现金流率自由现金流/营收 | -20.6% | 15.7% |
| 资本支出强度资本支出/营收 | 0.5% | 13.3% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 过去12个月自由现金流最近4个季度 | $41.6M | $254.8M |
8季度趋势，按日历期对齐
经营现金流ONEWPLNT
| Q4 25 | $-76.3M | $109.1M | ||
| Q3 25 | $9.9M | $131.5M | ||
| Q2 25 | $90.8M | $44.0M | ||
| Q1 25 | $28.5M | $133.9M | ||
| Q4 24 | $-37.4M | $49.1M | ||
| Q3 24 | $27.3M | $126.8M | ||
| Q2 24 | $93.8M | $78.2M | ||
| Q1 24 | $23.7M | $89.7M |
自由现金流ONEWPLNT
| Q4 25 | $-78.2M | $59.0M | ||
| Q3 25 | $7.2M | $76.7M | ||
| Q2 25 | $88.9M | $8.2M | ||
| Q1 25 | $23.7M | $110.9M | ||
| Q4 24 | $-40.0M | $7.0M | ||
| Q3 24 | $23.2M | $78.2M | ||
| Q2 24 | $86.9M | $40.2M | ||
| Q1 24 | $13.8M | $63.4M |
自由现金流率ONEWPLNT
| Q4 25 | -20.6% | 15.7% | ||
| Q3 25 | 1.6% | 23.2% | ||
| Q2 25 | 16.1% | 2.4% | ||
| Q1 25 | 4.9% | 40.1% | ||
| Q4 24 | -10.7% | 2.1% | ||
| Q3 24 | 6.1% | 26.7% | ||
| Q2 24 | 16.0% | 13.4% | ||
| Q1 24 | 2.8% | 25.6% |
资本支出强度ONEWPLNT
| Q4 25 | 0.5% | 13.3% | ||
| Q3 25 | 0.6% | 16.6% | ||
| Q2 25 | 0.4% | 10.5% | ||
| Q1 25 | 1.0% | 8.3% | ||
| Q4 24 | 0.7% | 12.4% | ||
| Q3 24 | 1.1% | 16.6% | ||
| Q2 24 | 1.3% | 12.6% | ||
| Q1 24 | 2.0% | 10.6% |
现金转化率ONEWPLNT
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 2.23× | ||
| Q2 25 | 8.47× | 0.76× | ||
| Q1 25 | — | 3.20× | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | — | 3.02× | ||
| Q2 24 | 6.39× | 1.61× | ||
| Q1 24 | — | 2.62× |
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
ONEW
| New Sales | $233.3M | 61% |
| Pre Owned | $70.4M | 19% |
| Service Parts Other | $68.0M | 18% |
| Finance And Insurance Income | $8.9M | 2% |
PLNT
| Corporate Owned Club Segment | $135.6M | 36% |
| Equipment Revenue | $121.2M | 32% |
| Franchise | $98.6M | 26% |
| Advertising | $20.8M | 6% |
| Related Party | $4.3M | 1% |
