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CAL-MAINE FOODS INC（CALM）与Kinetik Holdings Inc.（KNTK）财务数据对比。点击上方公司名可切换其他公司
CAL-MAINE FOODS INC的季度营收约是Kinetik Holdings Inc.的1.8倍（$769.5M vs $430.4M），Kinetik Holdings Inc.净利率更高（96.8% vs 13.4%，领先83.5%），Kinetik Holdings Inc.同比增速更快（11.6% vs -19.4%），CAL-MAINE FOODS INC自由现金流更多（$47.9M vs $-24.0M），过去两年CAL-MAINE FOODS INC的营收复合增速更高（29.4% vs 12.3%）
卡尔梅恩食品公司是总部位于美国密西西比州里奇兰的鲜蛋生产商，截至2024年是美国规模最大的蛋品企业。公司旗下拥有Egg-Land's Best、Land O'Lakes等多个知名蛋品品牌，1957年由弗雷德·R·亚当斯二世创立，亚当斯家族持有企业控股权，目前在纳斯达克挂牌上市。
Kinetik Holdings Inc.是一家聚焦二叠纪盆地的中游能源基础设施供应商，为美国南部核心油气产区的上游作业方提供天然气收集、处理、运输、存储，以及原油、采出水处置等一体化服务。
CALM vs KNTK — 直观对比
营收规模更大
CALM
是对方的1.8倍
$430.4M
营收增速更快
KNTK
高出31.0%
-19.4%
净利率更高
KNTK
高出83.5%
13.4%
自由现金流更多
CALM
多$72.0M
$-24.0M
两年增速更快
CALM
近两年复合增速
12.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $769.5M | $430.4M |
| 净利润 | $102.8M | $416.7M |
| 毛利率 | 27.0% | — |
| 营业利润率 | 16.1% | 11.2% |
| 净利率 | 13.4% | 96.8% |
| 营收同比 | -19.4% | 11.6% |
| 净利润同比 | -53.1% | 2468.4% |
| 每股收益（稀释后） | $2.13 | $2.22 |
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CALMKNTK
| Q4 25 | $769.5M | $430.4M | ||
| Q3 25 | $922.6M | $464.0M | ||
| Q2 25 | — | $426.7M | ||
| Q1 25 | $1.4B | $443.3M | ||
| Q4 24 | $954.7M | $385.7M | ||
| Q3 24 | $785.9M | $396.4M | ||
| Q2 24 | — | $359.5M | ||
| Q1 24 | $703.1M | $341.4M |
净利润CALMKNTK
| Q4 25 | $102.8M | $416.7M | ||
| Q3 25 | $199.3M | $5.3M | ||
| Q2 25 | — | $23.6M | ||
| Q1 25 | $508.5M | $19.3M | ||
| Q4 24 | $219.1M | $16.2M | ||
| Q3 24 | $150.0M | $25.8M | ||
| Q2 24 | — | $37.2M | ||
| Q1 24 | $146.7M | $233.6M |
毛利率CALMKNTK
| Q4 25 | 27.0% | — | ||
| Q3 25 | 33.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 50.5% | — | ||
| Q4 24 | 37.3% | — | ||
| Q3 24 | 31.5% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 31.1% | — |
营业利润率CALMKNTK
| Q4 25 | 16.1% | 11.2% | ||
| Q3 25 | 27.0% | 4.3% | ||
| Q2 25 | — | 18.2% | ||
| Q1 25 | 44.8% | 4.3% | ||
| Q4 24 | 29.1% | 6.1% | ||
| Q3 24 | 23.8% | 18.4% | ||
| Q2 24 | — | 15.7% | ||
| Q1 24 | 23.2% | 7.6% |
净利率CALMKNTK
| Q4 25 | 13.4% | 96.8% | ||
| Q3 25 | 21.6% | 1.1% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | 35.9% | 4.3% | ||
| Q4 24 | 22.9% | 4.2% | ||
| Q3 24 | 19.1% | 6.5% | ||
| Q2 24 | — | 10.3% | ||
| Q1 24 | 20.9% | 68.4% |
每股收益（稀释后）CALMKNTK
| Q4 25 | $2.13 | $2.22 | ||
| Q3 25 | $4.12 | $0.03 | ||
| Q2 25 | — | $0.33 | ||
| Q1 25 | $10.38 | $0.05 | ||
| Q4 24 | $4.47 | $0.01 | ||
| Q3 24 | $3.06 | $0.35 | ||
| Q2 24 | — | $0.54 | ||
| Q1 24 | $3.00 | $0.12 |
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 | $369.4M | $4.0M |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $2.7B | $-565.4M |
| 总资产 | $3.1B | $7.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CALMKNTK
| Q4 25 | $369.4M | $4.0M | ||
| Q3 25 | $251.9M | $7.7M | ||
| Q2 25 | — | $10.7M | ||
| Q1 25 | $497.2M | $8.8M | ||
| Q4 24 | $140.3M | $3.6M | ||
| Q3 24 | $181.7M | $20.4M | ||
| Q2 24 | — | $12.5M | ||
| Q1 24 | $367.1M | $9.8M |
总债务CALMKNTK
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.5B |
股东权益CALMKNTK
| Q4 25 | $2.7B | $-565.4M | ||
| Q3 25 | $2.7B | $-1.8B | ||
| Q2 25 | — | $-1.6B | ||
| Q1 25 | $2.4B | $-2.5B | ||
| Q4 24 | $2.0B | $-3.0B | ||
| Q3 24 | $1.9B | $-1.7B | ||
| Q2 24 | — | $-1.2B | ||
| Q1 24 | $1.7B | $-973.4M |
总资产CALMKNTK
| Q4 25 | $3.1B | $7.1B | ||
| Q3 25 | $3.2B | $7.2B | ||
| Q2 25 | — | $7.2B | ||
| Q1 25 | $3.1B | $7.0B | ||
| Q4 24 | $2.5B | $6.8B | ||
| Q3 24 | $2.4B | $6.9B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | $2.1B | $6.4B |
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 | $94.8M | $110.1M |
| 自由现金流经营现金流 - 资本支出 | $47.9M | $-24.0M |
| 自由现金流率自由现金流/营收 | 6.2% | -5.6% |
| 资本支出强度资本支出/营收 | 6.1% | 31.2% |
| 现金转化率经营现金流/净利润 | 0.92× | 0.26× |
| 过去12个月自由现金流最近4个季度 | $895.9M | $111.6M |
8季度趋势，按日历期对齐
经营现金流CALMKNTK
| Q4 25 | $94.8M | $110.1M | ||
| Q3 25 | $278.6M | $188.1M | ||
| Q2 25 | — | $129.1M | ||
| Q1 25 | $571.6M | $176.8M | ||
| Q4 24 | $122.7M | $144.0M | ||
| Q3 24 | $117.5M | $214.1M | ||
| Q2 24 | — | $125.5M | ||
| Q1 24 | $164.0M | $153.7M |
自由现金流CALMKNTK
| Q4 25 | $47.9M | $-24.0M | ||
| Q3 25 | $233.3M | $31.6M | ||
| Q2 25 | — | $1.8M | ||
| Q1 25 | $521.8M | $102.3M | ||
| Q4 24 | $92.9M | $36.3M | ||
| Q3 24 | $81.7M | $155.7M | ||
| Q2 24 | — | $86.1M | ||
| Q1 24 | $133.8M | $95.7M |
自由现金流率CALMKNTK
| Q4 25 | 6.2% | -5.6% | ||
| Q3 25 | 25.3% | 6.8% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | 36.8% | 23.1% | ||
| Q4 24 | 9.7% | 9.4% | ||
| Q3 24 | 10.4% | 39.3% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | 19.0% | 28.0% |
资本支出强度CALMKNTK
| Q4 25 | 6.1% | 31.2% | ||
| Q3 25 | 4.9% | 33.7% | ||
| Q2 25 | — | 29.8% | ||
| Q1 25 | 3.5% | 16.8% | ||
| Q4 24 | 3.1% | 27.9% | ||
| Q3 24 | 4.6% | 14.7% | ||
| Q2 24 | — | 11.0% | ||
| Q1 24 | 4.3% | 17.0% |
现金转化率CALMKNTK
| Q4 25 | 0.92× | 0.26× | ||
| Q3 25 | 1.40× | 35.73× | ||
| Q2 25 | — | 5.46× | ||
| Q1 25 | 1.12× | 9.18× | ||
| Q4 24 | 0.56× | 8.88× | ||
| Q3 24 | 0.78× | 8.31× | ||
| Q2 24 | — | 3.37× | ||
| Q1 24 | 1.12× | 0.66× |
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
CALM
| Retail | $625.4M | 81% |
| Prepared Foods | $71.7M | 9% |
| Egg Products | $34.5M | 4% |
| Service Other | $19.2M | 2% |
| Other | $13.8M | 2% |
KNTK
| Natural Gas NG Ls And Condensate Sales | $325.5M | 76% |
| Gathering And Processing Services | $101.6M | 24% |
| Other | $3.3M | 1% |
| Barilla Draw | $2.3M | 1% |
