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SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）与医疗房产信托（SVC）财务数据对比。点击上方公司名可切换其他公司
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的季度营收约是医疗房产信托的1.1倍（$331.3M vs $296.5M），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.净利率更高（0.0% vs -0.3%，领先0.3%），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.同比增速更快（2.2% vs -17.0%），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.自由现金流更多（$8.7M vs $-95.2M），过去两年SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的营收复合增速更高（-5.4% vs -6.1%）
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。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
SPWH vs SVC — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $331.3M | $296.5M |
| 净利润 | $8.0K | $-782.0K |
| 毛利率 | 32.8% | — |
| 营业利润率 | 1.3% | -3.9% |
| 净利率 | 0.0% | -0.3% |
| 营收同比 | 2.2% | -17.0% |
| 净利润同比 | -97.8% | 99.0% |
| 每股收益（稀释后） | $0.00 | $-0.01 |
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 | $331.3M | $296.5M | ||
| Q3 25 | $293.9M | $377.6M | ||
| Q2 25 | $249.1M | $404.4M | ||
| Q1 25 | $340.4M | $335.0M | ||
| Q4 24 | $324.3M | $357.0M | ||
| Q3 24 | $288.7M | $390.9M | ||
| Q2 24 | $244.2M | $412.5M | ||
| Q1 24 | $370.4M | $336.2M |
| Q4 25 | $8.0K | $-782.0K | ||
| Q3 25 | $-7.1M | $-46.9M | ||
| Q2 25 | $-21.3M | $-38.2M | ||
| Q1 25 | $-8.7M | $-116.4M | ||
| Q4 24 | $-364.0K | $-76.4M | ||
| Q3 24 | $-5.9M | $-46.9M | ||
| Q2 24 | $-18.1M | $-73.8M | ||
| Q1 24 | $-8.7M | $-78.4M |
| 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 | 1.3% | -3.9% | ||
| Q3 25 | -1.1% | -12.8% | ||
| Q2 25 | -7.9% | -9.2% | ||
| Q1 25 | 1.1% | -33.3% | ||
| Q4 24 | 1.0% | -19.4% | ||
| Q3 24 | -1.5% | -12.8% | ||
| Q2 24 | -8.4% | -17.1% | ||
| Q1 24 | -2.1% | -21.4% |
| Q4 25 | 0.0% | -0.3% | ||
| Q3 25 | -2.4% | -12.4% | ||
| Q2 25 | -8.5% | -9.4% | ||
| Q1 25 | -2.6% | -34.8% | ||
| Q4 24 | -0.1% | -21.4% | ||
| Q3 24 | -2.0% | -12.0% | ||
| Q2 24 | -7.4% | -17.9% | ||
| Q1 24 | -2.4% | -23.3% |
| Q4 25 | $0.00 | $-0.01 | ||
| Q3 25 | $-0.18 | $-0.28 | ||
| Q2 25 | $-0.56 | $-0.23 | ||
| Q1 25 | $-0.22 | $-0.70 | ||
| Q4 24 | $-0.01 | $-0.46 | ||
| Q3 24 | $-0.16 | $-0.28 | ||
| Q2 24 | $-0.48 | $-0.45 | ||
| Q1 24 | $-0.22 | $-0.48 |
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 | $2.2M | $346.8M |
| 总债务越低越好 | $44.0M | $5.5B |
| 股东权益账面价值 | $209.5M | $646.1M |
| 总资产 | $913.9M | $6.5B |
| 负债/权益比越低杠杆越低 | 0.21× | 8.52× |
8季度趋势，按日历期对齐
| Q4 25 | $2.2M | $346.8M | ||
| Q3 25 | $1.8M | $417.4M | ||
| Q2 25 | $3.6M | $63.2M | ||
| Q1 25 | $2.8M | $80.1M | ||
| Q4 24 | $2.7M | $143.5M | ||
| Q3 24 | $2.6M | $48.6M | ||
| Q2 24 | $2.2M | $14.6M | ||
| Q1 24 | $3.1M | $71.3M |
| Q4 25 | $44.0M | $5.5B | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $24.1M | — | ||
| Q1 25 | $24.1M | — | ||
| Q4 24 | $24.0M | $5.8B | ||
| Q3 24 | $24.0M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $209.5M | $646.1M | ||
| Q3 25 | $208.9M | $647.9M | ||
| Q2 25 | $215.1M | $695.9M | ||
| Q1 25 | $235.7M | $734.6M | ||
| Q4 24 | $243.6M | $851.9M | ||
| Q3 24 | $243.0M | $929.0M | ||
| Q2 24 | $247.5M | $1.0B | ||
| Q1 24 | $264.6M | $1.1B |
| Q4 25 | $913.9M | $6.5B | ||
| Q3 25 | $948.9M | $7.0B | ||
| Q2 25 | $929.7M | $6.9B | ||
| Q1 25 | $852.1M | $7.0B | ||
| Q4 24 | $967.7M | $7.1B | ||
| Q3 24 | $901.9M | $7.1B | ||
| Q2 24 | $930.4M | $7.1B | ||
| Q1 24 | $886.2M | $7.2B |
| Q4 25 | 0.21× | 8.52× | ||
| Q3 25 | 0.21× | — | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | 0.10× | 6.85× | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $16.3M | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | $8.7M | $-95.2M |
| 自由现金流率自由现金流/营收 | 2.6% | -32.1% |
| 资本支出强度资本支出/营收 | 2.3% | 25.9% |
| 现金转化率经营现金流/净利润 | 2038.00× | — |
| 过去12个月自由现金流最近4个季度 | $-39.7M | $-107.0M |
8季度趋势，按日历期对齐
| Q4 25 | $16.3M | $-18.5M | ||
| Q3 25 | $-26.6M | $98.1M | ||
| Q2 25 | $-60.2M | $-7.0K | ||
| Q1 25 | $52.8M | $38.2M | ||
| Q4 24 | $-2.5M | $-9.7M | ||
| Q3 24 | $18.5M | $106.2M | ||
| Q2 24 | $-34.6M | $43.8M | ||
| Q1 24 | $68.9M | $-926.0K |
| Q4 25 | $8.7M | $-95.2M | ||
| Q3 25 | $-33.9M | $57.9M | ||
| Q2 25 | $-64.0M | $-46.6M | ||
| Q1 25 | $49.6M | $-23.2M | ||
| Q4 24 | $-6.2M | $-88.9M | ||
| Q3 24 | $14.1M | $24.1M | ||
| Q2 24 | $-38.0M | $-22.3M | ||
| Q1 24 | $60.2M | $-77.2M |
| Q4 25 | 2.6% | -32.1% | ||
| Q3 25 | -11.5% | 15.3% | ||
| Q2 25 | -25.7% | -11.5% | ||
| Q1 25 | 14.6% | -6.9% | ||
| Q4 24 | -1.9% | -24.9% | ||
| Q3 24 | 4.9% | 6.2% | ||
| Q2 24 | -15.5% | -5.4% | ||
| Q1 24 | 16.2% | -23.0% |
| Q4 25 | 2.3% | 25.9% | ||
| Q3 25 | 2.5% | 10.6% | ||
| Q2 25 | 1.5% | 11.5% | ||
| Q1 25 | 1.0% | 18.3% | ||
| Q4 24 | 1.1% | 22.2% | ||
| Q3 24 | 1.5% | 21.0% | ||
| Q2 24 | 1.4% | 16.0% | ||
| Q1 24 | 2.4% | 22.7% |
| Q4 25 | 2038.00× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
