vs
爱玛客（ARMK）与KKR & Co.（KKR）财务数据对比。点击上方公司名可切换其他公司
KKR & Co.的季度营收约是爱玛客的1.2倍（$5.7B vs $4.8B），KKR & Co.净利率更高（20.0% vs 2.0%，领先18.0%），KKR & Co.同比增速更快（76.1% vs 6.1%），过去两年爱玛客的营收复合增速更高（7.3% vs -22.9%）
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。
KKR（全称Kohlberg Kravis Roberts & Co.）是源自美国的全球知名私募股权投资机构，截至2024年12月31日，已累计完成770笔私募股权投资，对应总企业价值约7900亿美元，资产管理规模达5530亿美元，其中付费资产管理规模为4460亿美元。
ARMK vs KKR — 直观对比
营收规模更大
KKR
是对方的1.2倍
$4.8B
营收增速更快
KKR
高出70.0%
6.1%
净利率更高
KKR
高出18.0%
2.0%
两年增速更快
ARMK
近两年复合增速
-22.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $5.7B |
| 净利润 | $96.2M | $1.1B |
| 毛利率 | — | — |
| 营业利润率 | 4.5% | 45.3% |
| 净利率 | 2.0% | 20.0% |
| 营收同比 | 6.1% | 76.1% |
| 净利润同比 | -9.0% | 1.8% |
| 每股收益（稀释后） | $0.36 | — |
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ARMKKKR
| Q1 26 | $4.8B | — | ||
| Q4 25 | $5.0B | $5.7B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | $4.6B | $5.1B | ||
| Q1 25 | $4.3B | $3.1B | ||
| Q4 24 | $4.6B | $3.3B | ||
| Q3 24 | $4.4B | $4.8B | ||
| Q2 24 | $4.4B | $4.2B |
净利润ARMKKKR
| Q1 26 | $96.2M | — | ||
| Q4 25 | $87.1M | $1.1B | ||
| Q3 25 | — | $900.4M | ||
| Q2 25 | $71.8M | $510.1M | ||
| Q1 25 | $61.9M | $-185.9M | ||
| Q4 24 | $105.6M | $1.1B | ||
| Q3 24 | $122.4M | $600.5M | ||
| Q2 24 | $58.1M | $667.9M |
营业利润率ARMKKKR
| Q1 26 | 4.5% | — | ||
| Q4 25 | 4.3% | 45.3% | ||
| Q3 25 | — | 39.8% | ||
| Q2 25 | 3.9% | 30.0% | ||
| Q1 25 | 4.1% | 24.8% | ||
| Q4 24 | 4.8% | 50.4% | ||
| Q3 24 | 5.0% | 34.3% | ||
| Q2 24 | 3.7% | 29.0% |
净利率ARMKKKR
| Q1 26 | 2.0% | — | ||
| Q4 25 | 1.7% | 20.0% | ||
| Q3 25 | — | 16.3% | ||
| Q2 25 | 1.6% | 10.0% | ||
| Q1 25 | 1.4% | -6.0% | ||
| Q4 24 | 2.3% | 34.5% | ||
| Q3 24 | 2.8% | 12.5% | ||
| Q2 24 | 1.3% | 16.0% |
每股收益（稀释后）ARMKKKR
| Q1 26 | $0.36 | — | ||
| Q4 25 | $0.33 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $0.27 | — | ||
| Q1 25 | $0.23 | — | ||
| Q4 24 | $0.39 | — | ||
| Q3 24 | $0.46 | — | ||
| Q2 24 | $0.22 | — |
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 | — |
| 总债务越低越好 | $6.2B | — |
| 股东权益账面价值 | $3.2B | $30.9B |
| 总资产 | $13.5B | $410.1B |
| 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ARMKKKR
| Q1 26 | $439.6M | — | ||
| Q4 25 | $639.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $501.5M | — | ||
| Q1 25 | $920.5M | — | ||
| Q4 24 | $484.1M | — | ||
| Q3 24 | $672.5M | — | ||
| Q2 24 | $436.1M | — |
总债务ARMKKKR
| 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ARMKKKR
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $30.9B | ||
| Q3 25 | — | $29.7B | ||
| Q2 25 | $3.1B | $28.2B | ||
| Q1 25 | $3.0B | $27.5B | ||
| Q4 24 | $3.1B | $23.7B | ||
| Q3 24 | $3.0B | $24.1B | ||
| Q2 24 | $2.9B | $21.7B |
总资产ARMKKKR
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.3B | $410.1B | ||
| Q3 25 | — | $398.5B | ||
| Q2 25 | $13.3B | $380.9B | ||
| Q1 25 | $13.5B | $372.4B | ||
| Q4 24 | $12.7B | $360.1B | ||
| Q3 24 | $12.7B | $360.7B | ||
| Q2 24 | $12.5B | $348.5B |
负债/权益比ARMKKKR
| 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 | $-4.9B |
| 自由现金流经营现金流 - 资本支出 | $-904.4M | — |
| 自由现金流率自由现金流/营收 | -18.7% | — |
| 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× | -4.28× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ARMKKKR
| Q1 26 | $-782.2M | — | ||
| Q4 25 | — | $-4.9B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | $76.7M | $438.8M | ||
| Q1 25 | $255.9M | $2.5B | ||
| Q4 24 | $-587.2M | $-111.7M | ||
| Q3 24 | $1.0B | $1.9B | ||
| Q2 24 | $140.7M | $3.4B |
自由现金流ARMKKKR
| Q1 26 | $-904.4M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-34.7M | — | ||
| Q1 25 | $140.1M | — | ||
| Q4 24 | $-707.0M | — | ||
| Q3 24 | $882.3M | — | ||
| Q2 24 | $55.6M | — |
自由现金流率ARMKKKR
| Q1 26 | -18.7% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.8% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | -15.5% | — | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 1.3% | — |
资本支出强度ARMKKKR
| Q1 26 | 2.5% | — | ||
| Q4 25 | 2.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.7% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 1.9% | — |
现金转化率ARMKKKR
| Q1 26 | -8.13× | — | ||
| Q4 25 | — | -4.28× | ||
| Q3 25 | — | 2.65× | ||
| Q2 25 | 1.07× | 0.86× | ||
| Q1 25 | 4.14× | — | ||
| Q4 24 | -5.56× | -0.10× | ||
| Q3 24 | 8.35× | 3.12× | ||
| Q2 24 | 2.42× | 5.03× |
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% |
KKR
| Insurance Segment | $3.5B | 61% |
| Asset Management1 | $703.7M | 12% |
| Transaction Fee | $512.0M | 9% |
| Transaction And Monitoring Fees | $268.7M | 5% |
| Fee Credit | $230.1M | 4% |
| Other | $201.5M | 4% |
| Fixed Annuity | $77.0M | 1% |
| Asset Management Segment | $56.9M | 1% |
| Monitoring Fee | $53.5M | 1% |
| Investment Advice | $40.6M | 1% |
| Fee Related Performance | $33.6M | 1% |
| Interest Sensitive Life | $21.7M | 0% |
| Incentive Fee | $11.0M | 0% |
