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Amentum Holdings, Inc.（AMTM）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Amentum Holdings, Inc.的1.0倍（$3.3B vs $3.2B），Kellanova净利率更高（9.5% vs 1.4%，领先8.1%），Kellanova同比增速更快（0.8% vs -5.2%），Kellanova自由现金流更多（$359.0M vs $-142.0M），过去两年Amentum Holdings, Inc.的营收复合增速更高（25.6% vs -9.0%）
本公司是总部位于美国达拉斯的跨国技术专业服务企业，面向全球企业、机构及政府部门客户提供工程、技术、建设服务以及科学与专项咨询服务，连续6年蝉联《工程新闻纪录》（ENR）全球顶尖设计企业500强榜首。
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。
AMTM vs K — 直观对比
营收规模更大
K
是对方的1.0倍
$3.2B
营收增速更快
K
高出6.1%
-5.2%
净利率更高
K
高出8.1%
1.4%
自由现金流更多
K
多$501.0M
$-142.0M
两年增速更快
AMTM
近两年复合增速
-9.0%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $3.3B |
| 净利润 | $44.0M | $309.0M |
| 毛利率 | 10.1% | 33.3% |
| 营业利润率 | 4.3% | 13.9% |
| 净利率 | 1.4% | 9.5% |
| 营收同比 | -5.2% | 0.8% |
| 净利润同比 | 266.7% | -15.8% |
| 每股收益（稀释后） | $0.18 | $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AMTMK
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | $3.6B | $3.2B | ||
| Q1 25 | $3.5B | $3.1B | ||
| Q4 24 | $3.4B | $3.1B | ||
| Q3 24 | $2.2B | $3.2B | ||
| Q2 24 | $2.1B | $3.2B |
净利润AMTMK
| Q1 26 | $44.0M | — | ||
| Q4 25 | $40.0M | — | ||
| Q3 25 | — | $309.0M | ||
| Q2 25 | $10.0M | $299.0M | ||
| Q1 25 | $4.0M | $304.0M | ||
| Q4 24 | $12.0M | $365.0M | ||
| Q3 24 | $26.0M | $367.0M | ||
| Q2 24 | $-26.0M | $344.0M |
毛利率AMTMK
| Q1 26 | 10.1% | — | ||
| Q4 25 | 10.6% | — | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | 10.3% | 34.0% | ||
| Q1 25 | 10.5% | 34.3% | ||
| Q4 24 | 10.6% | 37.7% | ||
| Q3 24 | 9.0% | 36.4% | ||
| Q2 24 | 9.6% | 36.4% |
营业利润率AMTMK
| Q1 26 | 4.3% | — | ||
| Q4 25 | 3.4% | — | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | 2.9% | 13.7% | ||
| Q1 25 | 3.2% | 13.9% | ||
| Q4 24 | 3.9% | 17.0% | ||
| Q3 24 | 1.2% | 14.1% | ||
| Q2 24 | 4.2% | 15.4% |
净利率AMTMK
| Q1 26 | 1.4% | — | ||
| Q4 25 | 1.0% | — | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | 0.3% | 9.3% | ||
| Q1 25 | 0.1% | 9.9% | ||
| Q4 24 | 0.4% | 11.7% | ||
| Q3 24 | 1.2% | 11.4% | ||
| Q2 24 | -1.2% | 10.8% |
每股收益（稀释后）AMTMK
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.16 | — | ||
| Q3 25 | — | $0.88 | ||
| Q2 25 | $0.04 | $0.85 | ||
| Q1 25 | $0.02 | $0.87 | ||
| Q4 24 | $0.05 | $1.05 | ||
| Q3 24 | $0.31 | $1.05 | ||
| Q2 24 | $-0.29 | $1.00 |
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 | $247.0M | $240.0M |
| 总债务越低越好 | $3.9B | $4.3B |
| 股东权益账面价值 | $4.6B | $4.2B |
| 总资产 | $11.2B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.86× | 1.02× |
8季度趋势，按日历期对齐
现金及短期投资AMTMK
| Q1 26 | $247.0M | — | ||
| Q4 25 | $437.0M | — | ||
| Q3 25 | — | $240.0M | ||
| Q2 25 | $738.0M | $354.0M | ||
| Q1 25 | $546.0M | $330.0M | ||
| Q4 24 | $522.0M | $694.0M | ||
| Q3 24 | $452.0M | $569.0M | ||
| Q2 24 | — | $272.0M |
总债务AMTMK
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | $4.5B | $4.3B | ||
| Q1 25 | $4.7B | $5.0B | ||
| Q4 24 | $4.7B | $5.0B | ||
| Q3 24 | $4.7B | $5.1B | ||
| Q2 24 | — | $5.0B |
股东权益AMTMK
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.5B | — | ||
| Q3 25 | — | $4.2B | ||
| Q2 25 | $4.5B | $4.1B | ||
| Q1 25 | $4.4B | $3.9B | ||
| Q4 24 | $4.5B | $3.8B | ||
| Q3 24 | $4.5B | $3.6B | ||
| Q2 24 | $303.0M | $3.3B |
总资产AMTMK
| Q1 26 | $11.2B | — | ||
| Q4 25 | $11.5B | — | ||
| Q3 25 | — | $15.6B | ||
| Q2 25 | $11.8B | $15.9B | ||
| Q1 25 | $12.0B | $15.5B | ||
| Q4 24 | $11.9B | $15.6B | ||
| Q3 24 | $12.0B | $15.8B | ||
| Q2 24 | — | $15.3B |
负债/权益比AMTMK
| Q1 26 | 0.86× | — | ||
| Q4 25 | 0.88× | — | ||
| Q3 25 | — | 1.02× | ||
| Q2 25 | 1.01× | 1.05× | ||
| Q1 25 | 1.06× | 1.28× | ||
| Q4 24 | 1.05× | 1.32× | ||
| Q3 24 | 1.05× | 1.40× | ||
| Q2 24 | — | 1.51× |
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 | $-136.0M | $503.0M |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | $359.0M |
| 自由现金流率自由现金流/营收 | -4.4% | 11.0% |
| 资本支出强度资本支出/营收 | 0.2% | 4.4% |
| 现金转化率经营现金流/净利润 | -3.09× | 1.63× |
| 过去12个月自由现金流最近4个季度 | $272.0M | $599.0M |
8季度趋势，按日历期对齐
经营现金流AMTMK
| Q1 26 | $-136.0M | — | ||
| Q4 25 | $270.0M | — | ||
| Q3 25 | — | $503.0M | ||
| Q2 25 | $106.0M | $169.0M | ||
| Q1 25 | $57.0M | $116.0M | ||
| Q4 24 | $110.0M | $467.0M | ||
| Q3 24 | — | $553.0M | ||
| Q2 24 | — | $376.0M |
自由现金流AMTMK
| Q1 26 | $-142.0M | — | ||
| Q4 25 | $261.0M | — | ||
| Q3 25 | — | $359.0M | ||
| Q2 25 | $100.0M | $21.0M | ||
| Q1 25 | $53.0M | $-60.0M | ||
| Q4 24 | $102.0M | $279.0M | ||
| Q3 24 | — | $410.0M | ||
| Q2 24 | — | $234.0M |
自由现金流率AMTMK
| Q1 26 | -4.4% | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | 2.8% | 0.7% | ||
| Q1 25 | 1.5% | -1.9% | ||
| Q4 24 | 3.0% | 8.9% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 7.3% |
资本支出强度AMTMK
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | — | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | 0.2% | 4.6% | ||
| Q1 25 | 0.1% | 5.7% | ||
| Q4 24 | 0.2% | 6.0% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 4.4% |
现金转化率AMTMK
| Q1 26 | -3.09× | — | ||
| Q4 25 | 6.75× | — | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | 10.60× | 0.57× | ||
| Q1 25 | 14.25× | 0.38× | ||
| Q4 24 | 9.17× | 1.28× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 1.09× |
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
AMTM
| Global Engineering Solutions Segment | $1.9B | 59% |
| Other U.S.Government Agencies | $400.0M | 12% |
| Fixed Price Contract | $380.0M | 12% |
| Commercial And International | $226.0M | 7% |
| Time And Materials Contract | $171.0M | 5% |
| Sales Channel Through Intermediary | $78.0M | 2% |
| Equity Method Investee | $50.0M | 2% |
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% |
