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PennyMac Financial Services, Inc.（PFSI）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）财务数据对比。点击上方公司名可切换其他公司
PennyMac Financial Services, Inc.的季度营收约是SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的1.6倍（$538.0M vs $331.3M），PennyMac Financial Services, Inc.净利率更高（1752.5% vs 0.0%，领先1752.5%），PennyMac Financial Services, Inc.同比增速更快（14.4% vs 2.2%），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.自由现金流更多（$8.7M vs $-1.7B），过去两年PennyMac Financial Services, Inc.的营收复合增速更高（32.7% vs -5.4%）
PennyMac Financial Services是总部位于美国加利福尼亚州西湖村的住宅抵押贷款企业，核心业务涵盖美国抵押贷款的发放、贷后服务，以及抵押贷款市场相关投资管理。公司下设两家子公司，其中PNMAC资本管理有限公司负责运营旗下的抵押贷款不动产投资信托（REIT）PennyMac Mortgage Investment Trust。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
PFSI vs SPWH — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $538.0M | $331.3M |
| 净利润 | $106.8M | $8.0K |
| 毛利率 | — | 32.8% |
| 营业利润率 | 25.0% | 1.3% |
| 净利率 | 1752.5% | 0.0% |
| 营收同比 | 14.4% | 2.2% |
| 净利润同比 | 2.2% | -97.8% |
| 每股收益（稀释后） | $1.97 | $0.00 |
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
| Q4 25 | $538.0M | $331.3M | ||
| Q3 25 | $632.9M | $293.9M | ||
| Q2 25 | $444.7M | $249.1M | ||
| Q1 25 | $430.9M | $340.4M | ||
| Q4 24 | $470.1M | $324.3M | ||
| Q3 24 | $411.8M | $288.7M | ||
| Q2 24 | $406.1M | $244.2M | ||
| Q1 24 | $305.7M | $370.4M |
| Q4 25 | $106.8M | $8.0K | ||
| Q3 25 | $181.5M | $-7.1M | ||
| Q2 25 | $136.5M | $-21.3M | ||
| Q1 25 | $76.3M | $-8.7M | ||
| Q4 24 | $104.5M | $-364.0K | ||
| Q3 24 | $69.4M | $-5.9M | ||
| Q2 24 | $98.3M | $-18.1M | ||
| Q1 24 | $39.3M | $-8.7M |
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 32.0% | ||
| Q2 25 | — | 30.4% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 30.2% | ||
| Q1 24 | — | 26.8% |
| Q4 25 | 25.0% | 1.3% | ||
| Q3 25 | 37.3% | -1.1% | ||
| Q2 25 | 17.2% | -7.9% | ||
| Q1 25 | 24.2% | 1.1% | ||
| Q4 24 | 27.5% | 1.0% | ||
| Q3 24 | 22.8% | -1.5% | ||
| Q2 24 | 33.0% | -8.4% | ||
| Q1 24 | 14.4% | -2.1% |
| Q4 25 | 1752.5% | 0.0% | ||
| Q3 25 | 28.7% | -2.4% | ||
| Q2 25 | 30.7% | -8.5% | ||
| Q1 25 | 17.7% | -2.6% | ||
| Q4 24 | 2559.8% | -0.1% | ||
| Q3 24 | 16.8% | -2.0% | ||
| Q2 24 | 24.2% | -7.4% | ||
| Q1 24 | 12.9% | -2.4% |
| Q4 25 | $1.97 | $0.00 | ||
| Q3 25 | $3.37 | $-0.18 | ||
| Q2 25 | $2.54 | $-0.56 | ||
| Q1 25 | $1.42 | $-0.22 | ||
| Q4 24 | $1.95 | $-0.01 | ||
| Q3 24 | $1.30 | $-0.16 | ||
| Q2 24 | $1.85 | $-0.48 | ||
| Q1 24 | $0.74 | $-0.22 |
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 | $410.0M | $2.2M |
| 总债务越低越好 | $6.2B | $44.0M |
| 股东权益账面价值 | $4.3B | $209.5M |
| 总资产 | $29.4B | $913.9M |
| 负债/权益比越低杠杆越低 | 1.45× | 0.21× |
8季度趋势，按日历期对齐
| Q4 25 | $410.0M | $2.2M | ||
| Q3 25 | $62.2M | $1.8M | ||
| Q2 25 | $462.3M | $3.6M | ||
| Q1 25 | $443.4M | $2.8M | ||
| Q4 24 | $420.6M | $2.7M | ||
| Q3 24 | $667.9M | $2.6M | ||
| Q2 24 | $188.8M | $2.2M | ||
| Q1 24 | $69.0K | $3.1M |
| Q4 25 | $6.2B | $44.0M | ||
| Q3 25 | $6.2B | $43.9M | ||
| Q2 25 | $5.6B | $24.1M | ||
| Q1 25 | $5.8B | $24.1M | ||
| Q4 24 | $5.3B | $24.0M | ||
| Q3 24 | $4.9B | $24.0M | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $4.5B | — |
| Q4 25 | $4.3B | $209.5M | ||
| Q3 25 | $4.2B | $208.9M | ||
| Q2 25 | $4.0B | $215.1M | ||
| Q1 25 | $3.9B | $235.7M | ||
| Q4 24 | $3.8B | $243.6M | ||
| Q3 24 | $3.7B | $243.0M | ||
| Q2 24 | $3.7B | $247.5M | ||
| Q1 24 | $3.6B | $264.6M |
| Q4 25 | $29.4B | $913.9M | ||
| Q3 25 | $25.4B | $948.9M | ||
| Q2 25 | $24.2B | $929.7M | ||
| Q1 25 | $23.9B | $852.1M | ||
| Q4 24 | $26.1B | $967.7M | ||
| Q3 24 | $22.9B | $901.9M | ||
| Q2 24 | $21.6B | $930.4M | ||
| Q1 24 | $19.8B | $886.2M |
| Q4 25 | 1.45× | 0.21× | ||
| Q3 25 | 1.48× | 0.21× | ||
| Q2 25 | 1.38× | 0.11× | ||
| Q1 25 | 1.48× | 0.10× | ||
| Q4 24 | 1.37× | 0.10× | ||
| Q3 24 | 1.32× | 0.10× | ||
| Q2 24 | 1.35× | — | ||
| Q1 24 | 1.27× | — |
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 | $-1.7B | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $-1.7B | $8.7M |
| 自由现金流率自由现金流/营收 | -309.3% | 2.6% |
| 资本支出强度资本支出/营收 | 2.2% | 2.3% |
| 现金转化率经营现金流/净利润 | -15.46× | 2038.00× |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $-39.7M |
8季度趋势，按日历期对齐
| Q4 25 | $-1.7B | $16.3M | ||
| Q3 25 | $-697.4M | $-26.6M | ||
| Q2 25 | $-131.3M | $-60.2M | ||
| Q1 25 | $1.1B | $52.8M | ||
| Q4 24 | $-4.5B | $-2.5M | ||
| Q3 24 | $-393.7M | $18.5M | ||
| Q2 24 | $-1.1B | $-34.6M | ||
| Q1 24 | $-897.9M | $68.9M |
| Q4 25 | $-1.7B | $8.7M | ||
| Q3 25 | $-699.4M | $-33.9M | ||
| Q2 25 | $-132.6M | $-64.0M | ||
| Q1 25 | $1.1B | $49.6M | ||
| Q4 24 | $-4.5B | $-6.2M | ||
| Q3 24 | $-393.9M | $14.1M | ||
| Q2 24 | $-1.1B | $-38.0M | ||
| Q1 24 | $-898.9M | $60.2M |
| Q4 25 | -309.3% | 2.6% | ||
| Q3 25 | -110.5% | -11.5% | ||
| Q2 25 | -29.8% | -25.7% | ||
| Q1 25 | 247.3% | 14.6% | ||
| Q4 24 | -964.7% | -1.9% | ||
| Q3 24 | -95.6% | 4.9% | ||
| Q2 24 | -269.2% | -15.5% | ||
| Q1 24 | -294.1% | 16.2% |
| Q4 25 | 2.2% | 2.3% | ||
| Q3 25 | 0.3% | 2.5% | ||
| Q2 25 | 0.3% | 1.5% | ||
| Q1 25 | 0.1% | 1.0% | ||
| Q4 24 | 0.4% | 1.1% | ||
| Q3 24 | 0.0% | 1.5% | ||
| Q2 24 | 0.1% | 1.4% | ||
| Q1 24 | 0.3% | 2.4% |
| Q4 25 | -15.46× | 2038.00× | ||
| Q3 25 | -3.84× | — | ||
| Q2 25 | -0.96× | — | ||
| Q1 25 | 13.97× | — | ||
| Q4 24 | -43.39× | — | ||
| Q3 24 | -5.68× | — | ||
| Q2 24 | -11.12× | — | ||
| Q1 24 | -22.84× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
