vs
爱尔康（ALC）与Kellanova（K）财务数据对比。点击上方公司名可切换其他公司
Kellanova的季度营收约是爱尔康的1.3倍（$3.3B vs $2.6B），Kellanova净利率更高（9.5% vs 6.8%，领先2.7%），爱尔康同比增速更快（4.0% vs 0.8%）
爱尔康是瑞美合资的制药及医疗器械企业，专注于眼健康护理产品领域。公司注册地为瑞士弗里堡州，全球总部设于日内瓦，核心运营基地位于美国得克萨斯州沃思堡，当地员工规模约4500人。
Kellanova前身为知名食品企业家乐氏，是玛氏集团旗下的美国跨国食品制造公司，总部位于美国伊利诺伊州芝加哥。2023年10月2日公司正式启用现名，同步拆分北美谷物业务，独立成立WK Kellogg Co。
ALC vs K — 直观对比
营收规模更大
K
是对方的1.3倍
$2.6B
营收增速更快
ALC
高出3.2%
0.8%
净利率更高
K
高出2.7%
6.8%
损益表 — Q2 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $3.3B |
| 净利润 | $176.0M | $309.0M |
| 毛利率 | 53.5% | 33.3% |
| 营业利润率 | 9.5% | 13.9% |
| 净利率 | 6.8% | 9.5% |
| 营收同比 | 4.0% | 0.8% |
| 净利润同比 | -21.1% | -15.8% |
| 每股收益（稀释后） | $0.35 | $0.88 |
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ALCK
| Q3 25 | — | $3.3B | ||
| Q2 25 | $2.6B | $3.2B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | $2.5B | $3.2B | ||
| Q1 24 | — | $3.2B | ||
| Q3 23 | — | $3.9B |
净利润ALCK
| Q3 25 | — | $309.0M | ||
| Q2 25 | $176.0M | $299.0M | ||
| Q1 25 | — | $304.0M | ||
| Q4 24 | — | $365.0M | ||
| Q3 24 | — | $367.0M | ||
| Q2 24 | $223.0M | $344.0M | ||
| Q1 24 | — | $267.0M | ||
| Q3 23 | — | $269.0M |
毛利率ALCK
| Q3 25 | — | 33.3% | ||
| Q2 25 | 53.5% | 34.0% | ||
| Q1 25 | — | 34.3% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | — | 36.4% | ||
| Q2 24 | 55.0% | 36.4% | ||
| Q1 24 | — | 32.2% | ||
| Q3 23 | — | 28.2% |
营业利润率ALCK
| Q3 25 | — | 13.9% | ||
| Q2 25 | 9.5% | 13.7% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | — | 17.0% | ||
| Q3 24 | — | 14.1% | ||
| Q2 24 | 12.7% | 15.4% | ||
| Q1 24 | — | 12.3% | ||
| Q3 23 | — | 12.2% |
净利率ALCK
| Q3 25 | — | 9.5% | ||
| Q2 25 | 6.8% | 9.3% | ||
| Q1 25 | — | 9.9% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | 8.9% | 10.8% | ||
| Q1 24 | — | 8.3% | ||
| Q3 23 | — | 6.8% |
每股收益（稀释后）ALCK
| Q3 25 | — | $0.88 | ||
| Q2 25 | $0.35 | $0.85 | ||
| Q1 25 | — | $0.87 | ||
| Q4 24 | — | $1.05 | ||
| Q3 24 | — | $1.05 | ||
| Q2 24 | $0.45 | $1.00 | ||
| Q1 24 | — | $0.78 | ||
| Q3 23 | — | $0.78 |
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 | $1.4B | $240.0M |
| 总债务越低越好 | — | $4.3B |
| 股东权益账面价值 | $22.1B | $4.2B |
| 总资产 | $31.4B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 1.02× |
8季度趋势，按日历期对齐
现金及短期投资ALCK
| Q3 25 | — | $240.0M | ||
| Q2 25 | $1.4B | $354.0M | ||
| Q1 25 | — | $330.0M | ||
| Q4 24 | — | $694.0M | ||
| Q3 24 | — | $569.0M | ||
| Q2 24 | $1.4B | $272.0M | ||
| Q1 24 | — | $242.0M | ||
| Q3 23 | — | $1.1B |
总债务ALCK
| Q3 25 | — | $4.3B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.0B | ||
| Q1 24 | — | $4.4B | ||
| Q3 23 | — | $5.5B |
股东权益ALCK
| Q3 25 | — | $4.2B | ||
| Q2 25 | $22.1B | $4.1B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | $20.9B | $3.3B | ||
| Q1 24 | — | $3.2B | ||
| Q3 23 | — | $4.0B |
总资产ALCK
| Q3 25 | — | $15.6B | ||
| Q2 25 | $31.4B | $15.9B | ||
| Q1 25 | — | $15.5B | ||
| Q4 24 | — | $15.6B | ||
| Q3 24 | — | $15.8B | ||
| Q2 24 | $29.7B | $15.3B | ||
| Q1 24 | — | $15.3B | ||
| Q3 23 | — | $18.7B |
负债/权益比ALCK
| Q3 25 | — | 1.02× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | 1.40× | ||
| Q2 24 | — | 1.51× | ||
| Q1 24 | — | 1.40× | ||
| Q3 23 | — | 1.36× |
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 | — | $503.0M |
| 自由现金流经营现金流 - 资本支出 | — | $359.0M |
| 自由现金流率自由现金流/营收 | — | 11.0% |
| 资本支出强度资本支出/营收 | — | 4.4% |
| 现金转化率经营现金流/净利润 | — | 1.63× |
| 过去12个月自由现金流最近4个季度 | — | $599.0M |
8季度趋势，按日历期对齐
经营现金流ALCK
| Q3 25 | — | $503.0M | ||
| Q2 25 | — | $169.0M | ||
| Q1 25 | — | $116.0M | ||
| Q4 24 | — | $467.0M | ||
| Q3 24 | — | $553.0M | ||
| Q2 24 | — | $376.0M | ||
| Q1 24 | — | $364.0M | ||
| Q3 23 | — | $756.0M |
自由现金流ALCK
| Q3 25 | — | $359.0M | ||
| Q2 25 | — | $21.0M | ||
| Q1 25 | — | $-60.0M | ||
| Q4 24 | — | $279.0M | ||
| Q3 24 | — | $410.0M | ||
| Q2 24 | — | $234.0M | ||
| Q1 24 | — | $209.0M | ||
| Q3 23 | — | $589.0M |
自由现金流率ALCK
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | -1.9% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 7.3% | ||
| Q1 24 | — | 6.5% | ||
| Q3 23 | — | 15.0% |
资本支出强度ALCK
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 6.0% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 4.8% | ||
| Q3 23 | — | 4.2% |
现金转化率ALCK
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.38× | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 1.09× | ||
| Q1 24 | — | 1.36× | ||
| Q3 23 | — | 2.81× |
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
ALC
暂无分部数据
K
| Retail Channel Snacks | $2.0B | 62% |
| Retail Channel Cereal | $678.0M | 21% |
| Noodlesand Other | $280.0M | 9% |
| Frozen And Specialty Channels | $275.0M | 8% |
