vs
Burlington Stores, Inc.（BURL）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Burlington Stores, Inc.的1.2倍（$3.3B vs $2.7B），Kellanova净利率更高（9.5% vs 3.9%，领先5.6%），Burlington Stores, Inc.同比增速更快（7.1% vs 0.8%），Kellanova自由现金流更多（$359.0M vs $-109.6M），过去两年Burlington Stores, Inc.的营收复合增速更高（-6.9% vs -9.0%）
伯灵顿百货（前身为伯灵顿大衣厂）是美国知名全国性折扣零售商，在全美46个州及波多黎各拥有超过1138家门店，总部位于新泽西州伯灵顿镇。2007年公司被贝恩资本收购，2008年汤姆·金斯伯里出任总裁兼首席执行官，2013年重新上市，现为美国第三大折扣零售企业。
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。
BURL vs K — 直观对比
营收规模更大
K
是对方的1.2倍
$2.7B
营收增速更快
BURL
高出6.3%
0.8%
净利率更高
K
高出5.6%
3.9%
自由现金流更多
K
多$468.6M
$-109.6M
两年增速更快
BURL
近两年复合增速
-9.0%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $3.3B |
| 净利润 | $104.8M | $309.0M |
| 毛利率 | 44.2% | 33.3% |
| 营业利润率 | 5.1% | 13.9% |
| 净利率 | 3.9% | 9.5% |
| 营收同比 | 7.1% | 0.8% |
| 净利润同比 | 15.6% | -15.8% |
| 每股收益（稀释后） | $1.63 | $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BURLK
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | $3.3B | ||
| Q2 25 | $2.5B | $3.2B | ||
| Q1 25 | $3.3B | $3.1B | ||
| Q4 24 | $2.5B | $3.1B | ||
| Q3 24 | $2.5B | $3.2B | ||
| Q2 24 | $2.4B | $3.2B | ||
| Q1 24 | $3.1B | $3.2B |
净利润BURLK
| Q4 25 | $104.8M | — | ||
| Q3 25 | $94.2M | $309.0M | ||
| Q2 25 | $100.8M | $299.0M | ||
| Q1 25 | $260.8M | $304.0M | ||
| Q4 24 | $90.6M | $365.0M | ||
| Q3 24 | $73.8M | $367.0M | ||
| Q2 24 | $78.5M | $344.0M | ||
| Q1 24 | $227.5M | $267.0M |
毛利率BURLK
| Q4 25 | 44.2% | — | ||
| Q3 25 | 43.7% | 33.3% | ||
| Q2 25 | 43.8% | 34.0% | ||
| Q1 25 | 42.9% | 34.3% | ||
| Q4 24 | 43.9% | 37.7% | ||
| Q3 24 | 42.8% | 36.4% | ||
| Q2 24 | 43.5% | 36.4% | ||
| Q1 24 | 42.7% | 32.2% |
营业利润率BURLK
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.7% | 13.9% | ||
| Q2 25 | 5.3% | 13.7% | ||
| Q1 25 | 10.6% | 13.9% | ||
| Q4 24 | 4.7% | 17.0% | ||
| Q3 24 | 4.0% | 14.1% | ||
| Q2 24 | 4.7% | 15.4% | ||
| Q1 24 | 10.0% | 12.3% |
净利率BURLK
| Q4 25 | 3.9% | — | ||
| Q3 25 | 3.5% | 9.5% | ||
| Q2 25 | 4.0% | 9.3% | ||
| Q1 25 | 8.0% | 9.9% | ||
| Q4 24 | 3.6% | 11.7% | ||
| Q3 24 | 3.0% | 11.4% | ||
| Q2 24 | 3.3% | 10.8% | ||
| Q1 24 | 7.3% | 8.3% |
每股收益（稀释后）BURLK
| Q4 25 | $1.63 | — | ||
| Q3 25 | $1.47 | $0.88 | ||
| Q2 25 | $1.58 | $0.85 | ||
| Q1 25 | $4.03 | $0.87 | ||
| Q4 24 | $1.40 | $1.05 | ||
| Q3 24 | $1.15 | $1.05 | ||
| Q2 24 | $1.22 | $1.00 | ||
| Q1 24 | $3.51 | $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 | $584.1M | $240.0M |
| 总债务越低越好 | $2.0B | $4.3B |
| 股东权益账面价值 | $1.5B | $4.2B |
| 总资产 | $9.6B | $15.6B |
| 负债/权益比越低杠杆越低 | 1.32× | 1.02× |
8季度趋势，按日历期对齐
现金及短期投资BURLK
| Q4 25 | $584.1M | — | ||
| Q3 25 | $747.6M | $240.0M | ||
| Q2 25 | $371.1M | $354.0M | ||
| Q1 25 | $994.7M | $330.0M | ||
| Q4 24 | $857.8M | $694.0M | ||
| Q3 24 | $659.9M | $569.0M | ||
| Q2 24 | $742.3M | $272.0M | ||
| Q1 24 | $925.4M | $242.0M |
总债务BURLK
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | $4.3B | ||
| Q2 25 | $1.6B | $4.3B | ||
| Q1 25 | $1.5B | $5.0B | ||
| Q4 24 | $1.5B | $5.0B | ||
| Q3 24 | $1.2B | $5.1B | ||
| Q2 24 | $1.2B | $5.0B | ||
| Q1 24 | $1.4B | $4.4B |
股东权益BURLK
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $4.2B | ||
| Q2 25 | $1.4B | $4.1B | ||
| Q1 25 | $1.4B | $3.9B | ||
| Q4 24 | $1.1B | $3.8B | ||
| Q3 24 | $1.1B | $3.6B | ||
| Q2 24 | $1.0B | $3.3B | ||
| Q1 24 | $996.9M | $3.2B |
总资产BURLK
| Q4 25 | $9.6B | — | ||
| Q3 25 | $9.3B | $15.6B | ||
| Q2 25 | $8.5B | $15.9B | ||
| Q1 25 | $8.8B | $15.5B | ||
| Q4 24 | $8.4B | $15.6B | ||
| Q3 24 | $7.8B | $15.8B | ||
| Q2 24 | $7.7B | $15.3B | ||
| Q1 24 | $7.7B | $15.3B |
负债/权益比BURLK
| Q4 25 | 1.32× | — | ||
| Q3 25 | 1.40× | 1.02× | ||
| Q2 25 | 1.21× | 1.05× | ||
| Q1 25 | 1.12× | 1.28× | ||
| Q4 24 | 1.35× | 1.32× | ||
| Q3 24 | 1.15× | 1.40× | ||
| Q2 24 | 1.20× | 1.51× | ||
| Q1 24 | 1.40× | 1.40× |
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 | $143.3M | $503.0M |
| 自由现金流经营现金流 - 资本支出 | $-109.6M | $359.0M |
| 自由现金流率自由现金流/营收 | -4.1% | 11.0% |
| 资本支出强度资本支出/营收 | 9.3% | 4.4% |
| 现金转化率经营现金流/净利润 | 1.37× | 1.63× |
| 过去12个月自由现金流最近4个季度 | $-358.5M | $599.0M |
8季度趋势，按日历期对齐
经营现金流BURLK
| Q4 25 | $143.3M | — | ||
| Q3 25 | $179.4M | $503.0M | ||
| Q2 25 | $-28.9M | $169.0M | ||
| Q1 25 | $543.2M | $116.0M | ||
| Q4 24 | $110.4M | $467.0M | ||
| Q3 24 | $160.4M | $553.0M | ||
| Q2 24 | $49.4M | $376.0M | ||
| Q1 24 | $598.5M | $364.0M |
自由现金流BURLK
| Q4 25 | $-109.6M | — | ||
| Q3 25 | $-101.0K | $359.0M | ||
| Q2 25 | $-438.6M | $21.0M | ||
| Q1 25 | $189.8M | $-60.0M | ||
| Q4 24 | $-56.2M | $279.0M | ||
| Q3 24 | $-35.2M | $410.0M | ||
| Q2 24 | $-115.5M | $234.0M | ||
| Q1 24 | $410.3M | $209.0M |
自由现金流率BURLK
| Q4 25 | -4.1% | — | ||
| Q3 25 | -0.0% | 11.0% | ||
| Q2 25 | -17.5% | 0.7% | ||
| Q1 25 | 5.8% | -1.9% | ||
| Q4 24 | -2.2% | 8.9% | ||
| Q3 24 | -1.4% | 12.7% | ||
| Q2 24 | -4.9% | 7.3% | ||
| Q1 24 | 13.1% | 6.5% |
资本支出强度BURLK
| Q4 25 | 9.3% | — | ||
| Q3 25 | 6.6% | 4.4% | ||
| Q2 25 | 16.4% | 4.6% | ||
| Q1 25 | 10.8% | 5.7% | ||
| Q4 24 | 6.6% | 6.0% | ||
| Q3 24 | 7.9% | 4.4% | ||
| Q2 24 | 7.0% | 4.4% | ||
| Q1 24 | 6.0% | 4.8% |
现金转化率BURLK
| Q4 25 | 1.37× | — | ||
| Q3 25 | 1.91× | 1.63× | ||
| Q2 25 | -0.29× | 0.57× | ||
| Q1 25 | 2.08× | 0.38× | ||
| Q4 24 | 1.22× | 1.28× | ||
| Q3 24 | 2.18× | 1.51× | ||
| Q2 24 | 0.63× | 1.09× | ||
| Q1 24 | 2.63× | 1.36× |
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
BURL
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% |
