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豪瑞（AMRZ）与Keurig Dr Pepper（KDP）财务数据对比。点击上方公司名可切换其他公司
Keurig Dr Pepper的季度营收约是豪瑞的1.1倍（$4.0B vs $3.7B），豪瑞净利率更高（14.8% vs 6.8%，领先8.0%），Keurig Dr Pepper同比增速更快（9.4% vs 6.6%），豪瑞自由现金流更多（$669.0M vs $184.0M）
豪瑞是总部位于瑞士的全球领先建筑材料及骨料供应商，为豪瑞集团旗下核心业务板块。原公司于2015年7月10日与拉法基合并组建拉法基豪瑞，2021年正式更名为豪瑞集团，合并完成后豪瑞品牌仍在集团内正常运营。
Keurig Dr Pepper是美国上市的饮品与咖啡机综合企业，2018年由克里格绿山和胡椒博士斯奈普集团合并成立，在马萨诸塞州伯灵顿及得克萨斯州弗里斯科设有双总部，旗下拥有超125款冷热饮品，加拿大区域业务由当地子公司负责运营。
AMRZ vs KDP — 直观对比
营收规模更大
KDP
是对方的1.1倍
$3.7B
营收增速更快
KDP
高出2.7%
6.6%
净利率更高
AMRZ
高出8.0%
6.8%
自由现金流更多
AMRZ
多$485.0M
$184.0M
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.7B | $4.0B |
| 净利润 | $545.0M | $270.0M |
| 毛利率 | 29.6% | 52.8% |
| 营业利润率 | 21.2% | 19.0% |
| 净利率 | 14.8% | 6.8% |
| 营收同比 | 6.6% | 9.4% |
| 净利润同比 | -1.4% | -47.8% |
| 每股收益（稀释后） | $0.98 | $0.20 |
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AMRZKDP
| Q1 26 | — | $4.0B | ||
| Q4 25 | — | $4.5B | ||
| Q3 25 | $3.7B | $4.3B | ||
| Q2 25 | $3.2B | $4.2B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $3.4B | $3.9B | ||
| Q2 24 | $3.2B | $3.9B |
净利润AMRZKDP
| Q1 26 | — | $270.0M | ||
| Q4 25 | — | $353.0M | ||
| Q3 25 | $545.0M | $662.0M | ||
| Q2 25 | $429.0M | $547.0M | ||
| Q1 25 | — | $517.0M | ||
| Q4 24 | — | $-144.0M | ||
| Q3 24 | $553.0M | $616.0M | ||
| Q2 24 | $474.0M | $515.0M |
毛利率AMRZKDP
| Q1 26 | — | 52.8% | ||
| Q4 25 | — | 53.8% | ||
| Q3 25 | 29.6% | 54.3% | ||
| Q2 25 | 30.0% | 54.2% | ||
| Q1 25 | — | 54.6% | ||
| Q4 24 | — | 55.9% | ||
| Q3 24 | 30.2% | 55.0% | ||
| Q2 24 | 30.2% | 55.4% |
营业利润率AMRZKDP
| Q1 26 | — | 19.0% | ||
| Q4 25 | — | 19.6% | ||
| Q3 25 | 21.2% | 23.1% | ||
| Q2 25 | 20.8% | 21.6% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 24.5% | 23.2% | ||
| Q2 24 | 23.3% | 22.0% |
净利率AMRZKDP
| Q1 26 | — | 6.8% | ||
| Q4 25 | — | 7.8% | ||
| Q3 25 | 14.8% | 15.4% | ||
| Q2 25 | 13.3% | 13.1% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | 16.0% | 15.8% | ||
| Q2 24 | 14.6% | 13.1% |
每股收益（稀释后）AMRZKDP
| Q1 26 | — | $0.20 | ||
| Q4 25 | — | $0.26 | ||
| Q3 25 | $0.98 | $0.49 | ||
| Q2 25 | $0.78 | $0.40 | ||
| Q1 25 | — | $0.38 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | $1.00 | $0.45 | ||
| Q2 24 | $0.86 | $0.38 |
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 | $826.0M | $898.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $12.9B | $25.3B |
| 总资产 | $24.0B | $73.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AMRZKDP
| Q1 26 | — | $898.0M | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | $826.0M | $516.0M | ||
| Q2 25 | $601.0M | $509.0M | ||
| Q1 25 | — | $653.0M | ||
| Q4 24 | — | $510.0M | ||
| Q3 24 | — | $552.0M | ||
| Q2 24 | — | $438.0M |
股东权益AMRZKDP
| Q1 26 | — | $25.3B | ||
| Q4 25 | — | $25.5B | ||
| Q3 25 | $12.9B | $25.3B | ||
| Q2 25 | $12.4B | $25.0B | ||
| Q1 25 | — | $24.4B | ||
| Q4 24 | — | $24.2B | ||
| Q3 24 | $9.8B | $25.0B | ||
| Q2 24 | $9.3B | $24.7B |
总资产AMRZKDP
| Q1 26 | — | $73.1B | ||
| Q4 25 | — | $55.5B | ||
| Q3 25 | $24.0B | $54.6B | ||
| Q2 25 | $23.8B | $54.4B | ||
| Q1 25 | — | $53.7B | ||
| Q4 24 | — | $53.4B | ||
| Q3 24 | — | $52.7B | ||
| Q2 24 | — | $52.3B |
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 | $854.0M | $281.0M |
| 自由现金流经营现金流 - 资本支出 | $669.0M | $184.0M |
| 自由现金流率自由现金流/营收 | 18.2% | 4.6% |
| 资本支出强度资本支出/营收 | 5.0% | — |
| 现金转化率经营现金流/净利润 | 1.57× | 1.04× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流AMRZKDP
| Q1 26 | — | $281.0M | ||
| Q4 25 | — | $712.0M | ||
| Q3 25 | $854.0M | $639.0M | ||
| Q2 25 | — | $431.0M | ||
| Q1 25 | — | $209.0M | ||
| Q4 24 | — | $849.0M | ||
| Q3 24 | — | $628.0M | ||
| Q2 24 | — | $657.0M |
自由现金流AMRZKDP
| Q1 26 | — | $184.0M | ||
| Q4 25 | — | $564.0M | ||
| Q3 25 | $669.0M | $527.0M | ||
| Q2 25 | — | $325.0M | ||
| Q1 25 | — | $89.0M | ||
| Q4 24 | — | $684.0M | ||
| Q3 24 | — | $503.0M | ||
| Q2 24 | — | $542.0M |
自由现金流率AMRZKDP
| Q1 26 | — | 4.6% | ||
| Q4 25 | — | 12.5% | ||
| Q3 25 | 18.2% | 12.2% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | — | 12.9% | ||
| Q2 24 | — | 13.8% |
资本支出强度AMRZKDP
| Q1 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | 5.0% | 2.6% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 2.9% |
现金转化率AMRZKDP
| Q1 26 | — | 1.04× | ||
| Q4 25 | — | 2.02× | ||
| Q3 25 | 1.57× | 0.97× | ||
| Q2 25 | — | 0.79× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 1.28× |
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
AMRZ
| Building Materials | $2.8B | 75% |
| Building Envelope | $901.0M | 25% |
| Equity Method Investee | $5.0M | 0% |
KDP
| U.S. Refreshment Beverages | $2.6B | 65% |
| U.S. Coffee | $877.0M | 22% |
| International | $435.0M | 11% |
