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爱玛客（ARMK）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
爱玛客的季度营收约是Keurig Dr Pepper的1.2倍（$4.8B vs $4.0B），Keurig Dr Pepper净利率更高（6.8% vs 2.0%，领先4.8%），Keurig Dr Pepper同比增速更快（9.4% vs 6.1%），Keurig Dr Pepper自由现金流更多（$184.0M vs $-904.4M），过去两年爱玛客的营收复合增速更高（7.3% vs 0.7%）
爱玛客是美国知名的餐饮服务与设施管理服务商，服务覆盖教育、司法监管、医疗、企业、休闲文旅等多个领域，业务遍布北美地区及英国、德国、智利、爱尔兰、西班牙在内的14个国家，为各场景客户提供专业后勤支持解决方案。
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。
ARMK vs KDP — 直观对比
营收规模更大
ARMK
是对方的1.2倍
$4.0B
营收增速更快
KDP
高出3.2%
6.1%
净利率更高
KDP
高出4.8%
2.0%
自由现金流更多
KDP
多$1.1B
$-904.4M
两年增速更快
ARMK
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $4.0B |
| 净利润 | $96.2M | $270.0M |
| 毛利率 | — | 52.8% |
| 营业利润率 | 4.5% | 19.0% |
| 净利率 | 2.0% | 6.8% |
| 营收同比 | 6.1% | 9.4% |
| 净利润同比 | -9.0% | -47.8% |
| 每股收益（稀释后） | $0.36 | $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ARMKKDP
| Q1 26 | $4.8B | $4.0B | ||
| Q4 25 | $5.0B | $4.5B | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | $4.6B | $4.2B | ||
| Q1 25 | $4.3B | $3.6B | ||
| Q4 24 | $4.6B | $4.1B | ||
| Q3 24 | $4.4B | $3.9B | ||
| Q2 24 | $4.4B | $3.9B |
净利润ARMKKDP
| Q1 26 | $96.2M | $270.0M | ||
| Q4 25 | $87.1M | $353.0M | ||
| Q3 25 | — | $662.0M | ||
| Q2 25 | $71.8M | $547.0M | ||
| Q1 25 | $61.9M | $517.0M | ||
| Q4 24 | $105.6M | $-144.0M | ||
| Q3 24 | $122.4M | $616.0M | ||
| Q2 24 | $58.1M | $515.0M |
毛利率ARMKKDP
| Q1 26 | — | 52.8% | ||
| Q4 25 | — | 53.8% | ||
| Q3 25 | — | 54.3% | ||
| Q2 25 | — | 54.2% | ||
| Q1 25 | — | 54.6% | ||
| Q4 24 | — | 55.9% | ||
| Q3 24 | — | 55.0% | ||
| Q2 24 | — | 55.4% |
营业利润率ARMKKDP
| Q1 26 | 4.5% | 19.0% | ||
| Q4 25 | 4.3% | 19.6% | ||
| Q3 25 | — | 23.1% | ||
| Q2 25 | 3.9% | 21.6% | ||
| Q1 25 | 4.1% | 22.0% | ||
| Q4 24 | 4.8% | 1.5% | ||
| Q3 24 | 5.0% | 23.2% | ||
| Q2 24 | 3.7% | 22.0% |
净利率ARMKKDP
| Q1 26 | 2.0% | 6.8% | ||
| Q4 25 | 1.7% | 7.8% | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | 1.6% | 13.1% | ||
| Q1 25 | 1.4% | 14.2% | ||
| Q4 24 | 2.3% | -3.5% | ||
| Q3 24 | 2.8% | 15.8% | ||
| Q2 24 | 1.3% | 13.1% |
每股收益（稀释后）ARMKKDP
| Q1 26 | $0.36 | $0.20 | ||
| Q4 25 | $0.33 | $0.26 | ||
| Q3 25 | — | $0.49 | ||
| Q2 25 | $0.27 | $0.40 | ||
| Q1 25 | $0.23 | $0.38 | ||
| Q4 24 | $0.39 | $-0.11 | ||
| Q3 24 | $0.46 | $0.45 | ||
| Q2 24 | $0.22 | $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 | $439.6M | $898.0M |
| 总债务越低越好 | $6.2B | — |
| 股东权益账面价值 | $3.2B | $25.3B |
| 总资产 | $13.5B | $73.1B |
| 负债/权益比越低杠杆越低 | 1.94× | — |
8季度趋势，按日历期对齐
现金及短期投资ARMKKDP
| Q1 26 | $439.6M | $898.0M | ||
| Q4 25 | $639.1M | $1.0B | ||
| Q3 25 | — | $516.0M | ||
| Q2 25 | $501.5M | $509.0M | ||
| Q1 25 | $920.5M | $653.0M | ||
| Q4 24 | $484.1M | $510.0M | ||
| Q3 24 | $672.5M | $552.0M | ||
| Q2 24 | $436.1M | $438.0M |
总债务ARMKKDP
| Q1 26 | $6.2B | — | ||
| Q4 25 | $5.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $6.3B | — | ||
| Q1 25 | $6.1B | — | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $5.0B | — |
股东权益ARMKKDP
| Q1 26 | $3.2B | $25.3B | ||
| Q4 25 | $3.1B | $25.5B | ||
| Q3 25 | — | $25.3B | ||
| Q2 25 | $3.1B | $25.0B | ||
| Q1 25 | $3.0B | $24.4B | ||
| Q4 24 | $3.1B | $24.2B | ||
| Q3 24 | $3.0B | $25.0B | ||
| Q2 24 | $2.9B | $24.7B |
总资产ARMKKDP
| Q1 26 | $13.5B | $73.1B | ||
| Q4 25 | $13.3B | $55.5B | ||
| Q3 25 | — | $54.6B | ||
| Q2 25 | $13.3B | $54.4B | ||
| Q1 25 | $13.5B | $53.7B | ||
| Q4 24 | $12.7B | $53.4B | ||
| Q3 24 | $12.7B | $52.7B | ||
| Q2 24 | $12.5B | $52.3B |
负债/权益比ARMKKDP
| Q1 26 | 1.94× | — | ||
| Q4 25 | 1.71× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.03× | — | ||
| Q1 25 | 2.02× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 1.71× | — |
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 | $-782.2M | $281.0M |
| 自由现金流经营现金流 - 资本支出 | $-904.4M | $184.0M |
| 自由现金流率自由现金流/营收 | -18.7% | 4.6% |
| 资本支出强度资本支出/营收 | 2.5% | — |
| 现金转化率经营现金流/净利润 | -8.13× | 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ARMKKDP
| Q1 26 | $-782.2M | $281.0M | ||
| Q4 25 | — | $712.0M | ||
| Q3 25 | — | $639.0M | ||
| Q2 25 | $76.7M | $431.0M | ||
| Q1 25 | $255.9M | $209.0M | ||
| Q4 24 | $-587.2M | $849.0M | ||
| Q3 24 | $1.0B | $628.0M | ||
| Q2 24 | $140.7M | $657.0M |
自由现金流ARMKKDP
| Q1 26 | $-904.4M | $184.0M | ||
| Q4 25 | — | $564.0M | ||
| Q3 25 | — | $527.0M | ||
| Q2 25 | $-34.7M | $325.0M | ||
| Q1 25 | $140.1M | $89.0M | ||
| Q4 24 | $-707.0M | $684.0M | ||
| Q3 24 | $882.3M | $503.0M | ||
| Q2 24 | $55.6M | $542.0M |
自由现金流率ARMKKDP
| Q1 26 | -18.7% | 4.6% | ||
| Q4 25 | — | 12.5% | ||
| Q3 25 | — | 12.2% | ||
| Q2 25 | -0.8% | 7.8% | ||
| Q1 25 | 3.3% | 2.4% | ||
| Q4 24 | -15.5% | 16.8% | ||
| Q3 24 | 20.0% | 12.9% | ||
| Q2 24 | 1.3% | 13.8% |
资本支出强度ARMKKDP
| Q1 26 | 2.5% | — | ||
| Q4 25 | 2.8% | 3.3% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | 2.4% | 2.5% | ||
| Q1 25 | 2.7% | 3.3% | ||
| Q4 24 | 2.6% | 4.1% | ||
| Q3 24 | 3.2% | 3.2% | ||
| Q2 24 | 1.9% | 2.9% |
现金转化率ARMKKDP
| Q1 26 | -8.13× | 1.04× | ||
| Q4 25 | — | 2.02× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | 1.07× | 0.79× | ||
| Q1 25 | 4.14× | 0.40× | ||
| Q4 24 | -5.56× | — | ||
| Q3 24 | 8.35× | 1.02× | ||
| Q2 24 | 2.42× | 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
ARMK
| Education | $1.1B | 22% |
| Sports Leisure Corrections | $961.2M | 20% |
| Food And Support Services International | $847.8M | 18% |
| Other | $621.6M | 13% |
| Businessand Industry | $510.6M | 11% |
| Health Care | $421.3M | 9% |
| Facility Services | $382.9M | 8% |
KDP
| U.S. Refreshment Beverages | $2.6B | 65% |
| U.S. Coffee | $877.0M | 22% |
| International | $435.0M | 11% |
