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SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）与VIRTUS INVESTMENT PARTNERS, INC.（VRTS）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VIRTUS INVESTMENT PARTNERS, INC.的1.7倍（$331.3M vs $199.5M），VIRTUS INVESTMENT PARTNERS, INC.净利率更高（3.6% vs 0.0%，领先3.6%），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.同比增速更快（2.2% vs -4.1%），过去两年SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的营收复合增速更高（-5.4% vs -5.7%）
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。
Virtus Investment Partners是一家美国多管理人资产管理企业，旗下汇集多家具备独立投资流程与自有品牌的关联投资管理人，同时也提供非关联子投资顾问服务，为客户提供多元化的资产管理解决方案。
SPWH vs VRTS — 直观对比
营收规模更大
SPWH
是对方的1.7倍
$199.5M
营收增速更快
SPWH
高出6.3%
-4.1%
净利率更高
VRTS
高出3.6%
0.0%
两年增速更快
SPWH
近两年复合增速
-5.7%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $331.3M | $199.5M |
| 净利润 | $8.0K | $7.1M |
| 毛利率 | 32.8% | — |
| 营业利润率 | 1.3% | 7.7% |
| 净利率 | 0.0% | 3.6% |
| 营收同比 | 2.2% | -4.1% |
| 净利润同比 | -97.8% | -78.1% |
| 每股收益（稀释后） | $0.00 | $1.05 |
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SPWHVRTS
| Q1 26 | — | $199.5M | ||
| Q4 25 | $331.3M | $208.0M | ||
| Q3 25 | $293.9M | $216.4M | ||
| Q2 25 | $249.1M | $210.5M | ||
| Q1 25 | $340.4M | $217.9M | ||
| Q4 24 | $324.3M | $233.5M | ||
| Q3 24 | $288.7M | $227.0M | ||
| Q2 24 | $244.2M | $224.4M |
净利润SPWHVRTS
| Q1 26 | — | $7.1M | ||
| Q4 25 | $8.0K | $33.9M | ||
| Q3 25 | $-7.1M | $31.3M | ||
| Q2 25 | $-21.3M | $42.7M | ||
| Q1 25 | $-8.7M | $28.1M | ||
| Q4 24 | $-364.0K | $39.5M | ||
| Q3 24 | $-5.9M | $49.1M | ||
| Q2 24 | $-18.1M | $26.0M |
毛利率SPWHVRTS
| Q1 26 | — | — | ||
| 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% | — |
营业利润率SPWHVRTS
| Q1 26 | — | 7.7% | ||
| Q4 25 | 1.3% | 19.1% | ||
| Q3 25 | -1.1% | 21.7% | ||
| Q2 25 | -7.9% | 21.5% | ||
| Q1 25 | 1.1% | 16.8% | ||
| Q4 24 | 1.0% | 21.7% | ||
| Q3 24 | -1.5% | 24.3% | ||
| Q2 24 | -8.4% | 19.7% |
净利率SPWHVRTS
| Q1 26 | — | 3.6% | ||
| Q4 25 | 0.0% | 16.3% | ||
| Q3 25 | -2.4% | 14.5% | ||
| Q2 25 | -8.5% | 20.3% | ||
| Q1 25 | -2.6% | 12.9% | ||
| Q4 24 | -0.1% | 16.9% | ||
| Q3 24 | -2.0% | 21.6% | ||
| Q2 24 | -7.4% | 11.6% |
每股收益（稀释后）SPWHVRTS
| Q1 26 | — | $1.05 | ||
| Q4 25 | $0.00 | $5.15 | ||
| Q3 25 | $-0.18 | $4.65 | ||
| Q2 25 | $-0.56 | $6.12 | ||
| Q1 25 | $-0.22 | $4.05 | ||
| Q4 24 | $-0.01 | $4.65 | ||
| Q3 24 | $-0.16 | $5.71 | ||
| Q2 24 | $-0.48 | $2.43 |
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 | $136.6M |
| 总债务越低越好 | $44.0M | — |
| 股东权益账面价值 | $209.5M | $93.6B |
| 总资产 | $913.9M | — |
| 负债/权益比越低杠杆越低 | 0.21× | — |
8季度趋势，按日历期对齐
现金及短期投资SPWHVRTS
| Q1 26 | — | $136.6M | ||
| Q4 25 | $2.2M | — | ||
| Q3 25 | $1.8M | — | ||
| Q2 25 | $3.6M | — | ||
| Q1 25 | $2.8M | — | ||
| Q4 24 | $2.7M | — | ||
| Q3 24 | $2.6M | — | ||
| Q2 24 | $2.2M | — |
总债务SPWHVRTS
| Q1 26 | — | — | ||
| Q4 25 | $44.0M | $390.0M | ||
| Q3 25 | $43.9M | $390.6M | ||
| Q2 25 | $24.1M | $231.3M | ||
| Q1 25 | $24.1M | $231.7M | ||
| Q4 24 | $24.0M | $232.1M | ||
| Q3 24 | $24.0M | $237.5M | ||
| Q2 24 | — | $247.6M |
股东权益SPWHVRTS
| Q1 26 | — | $93.6B | ||
| Q4 25 | $209.5M | $934.0M | ||
| Q3 25 | $208.9M | $918.7M | ||
| Q2 25 | $215.1M | $896.4M | ||
| Q1 25 | $235.7M | $893.7M | ||
| Q4 24 | $243.6M | $897.5M | ||
| Q3 24 | $243.0M | $889.0M | ||
| Q2 24 | $247.5M | $868.7M |
总资产SPWHVRTS
| Q1 26 | — | — | ||
| Q4 25 | $913.9M | $4.3B | ||
| Q3 25 | $948.9M | $3.9B | ||
| Q2 25 | $929.7M | $3.7B | ||
| Q1 25 | $852.1M | $3.7B | ||
| Q4 24 | $967.7M | $4.0B | ||
| Q3 24 | $901.9M | $3.6B | ||
| Q2 24 | $930.4M | $3.6B |
负债/权益比SPWHVRTS
| Q1 26 | — | — | ||
| Q4 25 | 0.21× | 0.42× | ||
| Q3 25 | 0.21× | 0.43× | ||
| Q2 25 | 0.11× | 0.26× | ||
| Q1 25 | 0.10× | 0.26× | ||
| Q4 24 | 0.10× | 0.26× | ||
| Q3 24 | 0.10× | 0.27× | ||
| Q2 24 | — | 0.29× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $8.7M | — |
| 自由现金流率自由现金流/营收 | 2.6% | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流SPWHVRTS
| Q1 26 | — | — | ||
| Q4 25 | $16.3M | $-67.2M | ||
| Q3 25 | $-26.6M | $108.3M | ||
| Q2 25 | $-60.2M | $75.8M | ||
| Q1 25 | $52.8M | $-3.8M | ||
| Q4 24 | $-2.5M | $1.8M | ||
| Q3 24 | $18.5M | $69.1M | ||
| Q2 24 | $-34.6M | $70.0M |
自由现金流SPWHVRTS
| Q1 26 | — | — | ||
| Q4 25 | $8.7M | $-74.1M | ||
| Q3 25 | $-33.9M | $106.9M | ||
| Q2 25 | $-64.0M | $74.2M | ||
| Q1 25 | $49.6M | $-6.8M | ||
| Q4 24 | $-6.2M | $-3.8M | ||
| Q3 24 | $14.1M | $68.7M | ||
| Q2 24 | $-38.0M | $68.6M |
自由现金流率SPWHVRTS
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | -35.6% | ||
| Q3 25 | -11.5% | 49.4% | ||
| Q2 25 | -25.7% | 35.2% | ||
| Q1 25 | 14.6% | -3.1% | ||
| Q4 24 | -1.9% | -1.6% | ||
| Q3 24 | 4.9% | 30.3% | ||
| Q2 24 | -15.5% | 30.6% |
资本支出强度SPWHVRTS
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 3.3% | ||
| Q3 25 | 2.5% | 0.7% | ||
| Q2 25 | 1.5% | 0.7% | ||
| Q1 25 | 1.0% | 1.4% | ||
| Q4 24 | 1.1% | 2.4% | ||
| Q3 24 | 1.5% | 0.2% | ||
| Q2 24 | 1.4% | 0.6% |
现金转化率SPWHVRTS
| Q1 26 | — | — | ||
| Q4 25 | 2038.00× | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× |
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
SPWH
暂无分部数据
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
