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Brookfield Renewable Partners L.P.（BEP）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Brookfield Renewable Partners L.P.的1.9倍（$3.3B vs $1.7B），Kellanova净利率更高（9.5% vs 5.9%，领先3.6%），Brookfield Renewable Partners L.P.同比增速更快（14.2% vs 0.8%）
Brookfield Renewable Partners L.P.是一家公开上市的有限合伙企业，主营可再生能源资产的持有与运营，总部位于加拿大安大略省多伦多市，60%股权由布鲁克菲尔德资产管理公司持有，在可再生能源运营领域拥有深厚的行业积累与广泛的业务布局。
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。
BEP vs K — 直观对比
营收规模更大
K
是对方的1.9倍
$1.7B
营收增速更快
BEP
高出13.3%
0.8%
净利率更高
K
高出3.6%
5.9%
损益表 — Q2 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $3.3B |
| 净利润 | $100.0M | $309.0M |
| 毛利率 | — | 33.3% |
| 营业利润率 | — | 13.9% |
| 净利率 | 5.9% | 9.5% |
| 营收同比 | 14.2% | 0.8% |
| 净利润同比 | 213.6% | -15.8% |
| 每股收益（稀释后） | $-0.22 | $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BEPK
| Q3 25 | — | $3.3B | ||
| Q2 25 | $1.7B | $3.2B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | $1.5B | $3.2B | ||
| Q1 24 | — | $3.2B | ||
| Q3 23 | — | $3.9B |
净利润BEPK
| Q3 25 | — | $309.0M | ||
| Q2 25 | $100.0M | $299.0M | ||
| Q1 25 | — | $304.0M | ||
| Q4 24 | — | $365.0M | ||
| Q3 24 | — | $367.0M | ||
| Q2 24 | $-88.0M | $344.0M | ||
| Q1 24 | — | $267.0M | ||
| Q3 23 | — | $269.0M |
毛利率BEPK
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 34.3% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | — | 36.4% | ||
| Q2 24 | — | 36.4% | ||
| Q1 24 | — | 32.2% | ||
| Q3 23 | — | 28.2% |
营业利润率BEPK
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 13.7% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | — | 17.0% | ||
| Q3 24 | — | 14.1% | ||
| Q2 24 | — | 15.4% | ||
| Q1 24 | — | 12.3% | ||
| Q3 23 | — | 12.2% |
净利率BEPK
| Q3 25 | — | 9.5% | ||
| Q2 25 | 5.9% | 9.3% | ||
| Q1 25 | — | 9.9% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | -5.9% | 10.8% | ||
| Q1 24 | — | 8.3% | ||
| Q3 23 | — | 6.8% |
每股收益（稀释后）BEPK
| Q3 25 | — | $0.88 | ||
| Q2 25 | $-0.22 | $0.85 | ||
| Q1 25 | — | $0.87 | ||
| Q4 24 | — | $1.05 | ||
| Q3 24 | — | $1.05 | ||
| Q2 24 | $-0.28 | $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 | $1.9B | $240.0M |
| 总债务越低越好 | — | $4.3B |
| 股东权益账面价值 | $33.3B | $4.2B |
| 总资产 | $98.6B | $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BEPK
| Q3 25 | — | $240.0M | ||
| Q2 25 | $1.9B | $354.0M | ||
| Q1 25 | — | $330.0M | ||
| Q4 24 | — | $694.0M | ||
| Q3 24 | — | $569.0M | ||
| Q2 24 | $1.2B | $272.0M | ||
| Q1 24 | — | $242.0M | ||
| Q3 23 | — | $1.1B |
总债务BEPK
| 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BEPK
| Q3 25 | — | $4.2B | ||
| Q2 25 | $33.3B | $4.1B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | $28.0B | $3.3B | ||
| Q1 24 | — | $3.2B | ||
| Q3 23 | — | $4.0B |
总资产BEPK
| Q3 25 | — | $15.6B | ||
| Q2 25 | $98.6B | $15.9B | ||
| Q1 25 | — | $15.5B | ||
| Q4 24 | — | $15.6B | ||
| Q3 24 | — | $15.8B | ||
| Q2 24 | $73.8B | $15.3B | ||
| Q1 24 | — | $15.3B | ||
| Q3 23 | — | $18.7B |
负债/权益比BEPK
| 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 | $379.0M | $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 | 3.79× | 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BEPK
| Q3 25 | — | $503.0M | ||
| Q2 25 | $379.0M | $169.0M | ||
| Q1 25 | — | $116.0M | ||
| Q4 24 | — | $467.0M | ||
| Q3 24 | — | $553.0M | ||
| Q2 24 | $231.0M | $376.0M | ||
| Q1 24 | — | $364.0M | ||
| Q3 23 | — | $756.0M |
自由现金流BEPK
| 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BEPK
| 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BEPK
| 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BEPK
| Q3 25 | — | 1.63× | ||
| Q2 25 | 3.79× | 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
BEP
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% |
