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SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）与WillScot Holdings Corp（WSC）财务数据对比。点击上方公司名可切换其他公司
WillScot Holdings Corp的季度营收约是SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的1.7倍（$566.0M vs $331.3M），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.净利率更高（0.0% vs -33.1%，领先33.1%），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.同比增速更快（2.2% vs -6.1%），WillScot Holdings Corp自由现金流更多（$149.7M vs $8.7M），过去两年WillScot Holdings Corp的营收复合增速更高（-1.8% vs -5.4%）
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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
SPWH vs WSC — 直观对比
营收规模更大
WSC
是对方的1.7倍
$331.3M
营收增速更快
SPWH
高出8.2%
-6.1%
净利率更高
SPWH
高出33.1%
-33.1%
自由现金流更多
WSC
多$141.0M
$8.7M
两年增速更快
WSC
近两年复合增速
-5.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $331.3M | $566.0M |
| 净利润 | $8.0K | $-187.3M |
| 毛利率 | 32.8% | 50.4% |
| 营业利润率 | 1.3% | -32.5% |
| 净利率 | 0.0% | -33.1% |
| 营收同比 | 2.2% | -6.1% |
| 净利润同比 | -97.8% | -310.0% |
| 每股收益（稀释后） | $0.00 | $-1.02 |
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SPWHWSC
| Q4 25 | $331.3M | $566.0M | ||
| Q3 25 | $293.9M | $566.8M | ||
| Q2 25 | $249.1M | $589.1M | ||
| Q1 25 | $340.4M | $559.6M | ||
| Q4 24 | $324.3M | $602.5M | ||
| Q3 24 | $288.7M | $601.4M | ||
| Q2 24 | $244.2M | $604.6M | ||
| Q1 24 | $370.4M | $587.2M |
净利润SPWHWSC
| Q4 25 | $8.0K | $-187.3M | ||
| Q3 25 | $-7.1M | $43.3M | ||
| Q2 25 | $-21.3M | $47.9M | ||
| Q1 25 | $-8.7M | $43.1M | ||
| Q4 24 | $-364.0K | $89.2M | ||
| Q3 24 | $-5.9M | $-70.5M | ||
| Q2 24 | $-18.1M | $-46.9M | ||
| Q1 24 | $-8.7M | $56.2M |
毛利率SPWHWSC
| Q4 25 | 32.8% | 50.4% | ||
| Q3 25 | 32.0% | 49.7% | ||
| Q2 25 | 30.4% | 50.3% | ||
| Q1 25 | 30.4% | 53.7% | ||
| Q4 24 | 31.8% | 55.8% | ||
| Q3 24 | 31.2% | 53.5% | ||
| Q2 24 | 30.2% | 54.1% | ||
| Q1 24 | 26.8% | 54.0% |
营业利润率SPWHWSC
| Q4 25 | 1.3% | -32.5% | ||
| Q3 25 | -1.1% | 21.0% | ||
| Q2 25 | -7.9% | 21.5% | ||
| Q1 25 | 1.1% | 21.3% | ||
| Q4 24 | 1.0% | 28.9% | ||
| Q3 24 | -1.5% | -5.9% | ||
| Q2 24 | -8.4% | -0.9% | ||
| Q1 24 | -2.1% | 22.1% |
净利率SPWHWSC
| Q4 25 | 0.0% | -33.1% | ||
| Q3 25 | -2.4% | 7.6% | ||
| Q2 25 | -8.5% | 8.1% | ||
| Q1 25 | -2.6% | 7.7% | ||
| Q4 24 | -0.1% | 14.8% | ||
| Q3 24 | -2.0% | -11.7% | ||
| Q2 24 | -7.4% | -7.7% | ||
| Q1 24 | -2.4% | 9.6% |
每股收益（稀释后）SPWHWSC
| Q4 25 | $0.00 | $-1.02 | ||
| Q3 25 | $-0.18 | $0.24 | ||
| Q2 25 | $-0.56 | $0.26 | ||
| Q1 25 | $-0.22 | $0.23 | ||
| Q4 24 | $-0.01 | $0.48 | ||
| Q3 24 | $-0.16 | $-0.37 | ||
| Q2 24 | $-0.48 | $-0.25 | ||
| Q1 24 | $-0.22 | $0.29 |
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 | $14.6M |
| 总债务越低越好 | $44.0M | $3.6B |
| 股东权益账面价值 | $209.5M | $856.3M |
| 总资产 | $913.9M | $5.8B |
| 负债/权益比越低杠杆越低 | 0.21× | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资SPWHWSC
| Q4 25 | $2.2M | $14.6M | ||
| Q3 25 | $1.8M | $14.8M | ||
| Q2 25 | $3.6M | $12.8M | ||
| Q1 25 | $2.8M | $10.7M | ||
| Q4 24 | $2.7M | $9.0M | ||
| Q3 24 | $2.6M | $11.0M | ||
| Q2 24 | $2.2M | $5.9M | ||
| Q1 24 | $3.1M | $13.1M |
总债务SPWHWSC
| Q4 25 | $44.0M | $3.6B | ||
| Q3 25 | $43.9M | $3.6B | ||
| Q2 25 | $24.1M | $3.7B | ||
| Q1 25 | $24.1M | $3.6B | ||
| Q4 24 | $24.0M | $3.7B | ||
| Q3 24 | $24.0M | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
股东权益SPWHWSC
| Q4 25 | $209.5M | $856.3M | ||
| Q3 25 | $208.9M | $1.1B | ||
| Q2 25 | $215.1M | $1.0B | ||
| Q1 25 | $235.7M | $1.0B | ||
| Q4 24 | $243.6M | $1.0B | ||
| Q3 24 | $243.0M | $1.1B | ||
| Q2 24 | $247.5M | $1.2B | ||
| Q1 24 | $264.6M | $1.3B |
总资产SPWHWSC
| Q4 25 | $913.9M | $5.8B | ||
| Q3 25 | $948.9M | $6.1B | ||
| Q2 25 | $929.7M | $6.1B | ||
| Q1 25 | $852.1M | $6.0B | ||
| Q4 24 | $967.7M | $6.0B | ||
| Q3 24 | $901.9M | $6.0B | ||
| Q2 24 | $930.4M | $6.0B | ||
| Q1 24 | $886.2M | $6.2B |
负债/权益比SPWHWSC
| Q4 25 | 0.21× | 4.15× | ||
| Q3 25 | 0.21× | 3.39× | ||
| Q2 25 | 0.11× | 3.55× | ||
| Q1 25 | 0.10× | 3.56× | ||
| Q4 24 | 0.10× | 3.62× | ||
| Q3 24 | 0.10× | 3.42× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 2.63× |
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 | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $8.7M | $149.7M |
| 自由现金流率自由现金流/营收 | 2.6% | 26.5% |
| 资本支出强度资本支出/营收 | 2.3% | 1.6% |
| 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 | $737.7M |
8季度趋势，按日历期对齐
经营现金流SPWHWSC
| Q4 25 | $16.3M | $158.9M | ||
| Q3 25 | $-26.6M | $191.2M | ||
| Q2 25 | $-60.2M | $205.3M | ||
| Q1 25 | $52.8M | $206.6M | ||
| Q4 24 | $-2.5M | $178.9M | ||
| Q3 24 | $18.5M | $-1.6M | ||
| Q2 24 | $-34.6M | $175.6M | ||
| Q1 24 | $68.9M | $208.7M |
自由现金流SPWHWSC
| Q4 25 | $8.7M | $149.7M | ||
| Q3 25 | $-33.9M | $186.9M | ||
| Q2 25 | $-64.0M | $199.0M | ||
| Q1 25 | $49.6M | $202.0M | ||
| Q4 24 | $-6.2M | $176.6M | ||
| Q3 24 | $14.1M | $-4.9M | ||
| Q2 24 | $-38.0M | $169.4M | ||
| Q1 24 | $60.2M | $202.1M |
自由现金流率SPWHWSC
| Q4 25 | 2.6% | 26.5% | ||
| Q3 25 | -11.5% | 33.0% | ||
| Q2 25 | -25.7% | 33.8% | ||
| Q1 25 | 14.6% | 36.1% | ||
| Q4 24 | -1.9% | 29.3% | ||
| Q3 24 | 4.9% | -0.8% | ||
| Q2 24 | -15.5% | 28.0% | ||
| Q1 24 | 16.2% | 34.4% |
资本支出强度SPWHWSC
| Q4 25 | 2.3% | 1.6% | ||
| Q3 25 | 2.5% | 0.7% | ||
| Q2 25 | 1.5% | 1.1% | ||
| Q1 25 | 1.0% | 0.8% | ||
| Q4 24 | 1.1% | 0.4% | ||
| Q3 24 | 1.5% | 0.6% | ||
| Q2 24 | 1.4% | 1.0% | ||
| Q1 24 | 2.4% | 1.1% |
现金转化率SPWHWSC
| Q4 25 | 2038.00× | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.71× |
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
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
