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CDW Corporation（CDW）与KOHLS Corp（KSS）财务数据对比。点击上方公司名可切换其他公司
CDW Corporation的季度营收约是KOHLS Corp的1.5倍（$5.5B vs $3.6B），CDW Corporation同比增速更快（6.3% vs -3.6%），CDW Corporation自由现金流更多（$395.9M vs $16.0M），过去两年CDW Corporation的营收复合增速更高（6.3% vs -22.5%）
CDW公司是美国多品牌信息技术服务提供商，服务覆盖美国、英国、加拿大三国的商业、政府、教育、医疗领域，总部位于伊利诺伊州弗农希尔斯，位列《财富》500强，2023年全年净销售额达210亿美元。
科尔士（Kohl's）是美国知名连锁百货零售商，目前在全美除夏威夷外的各州共开设1174家门店。品牌由波兰移民麦克斯韦·科尔创立，1927年他在威斯康星州密尔沃基开设了一家街角杂货店，在当地发展为成功的连锁品牌后，1962年公司开设首家百货门店，正式进军百货零售领域。
CDW vs KSS — 直观对比
营收规模更大
CDW
是对方的1.5倍
$3.6B
营收增速更快
CDW
高出9.9%
-3.6%
自由现金流更多
CDW
多$379.9M
$16.0M
两年增速更快
CDW
近两年复合增速
-22.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.5B | $3.6B |
| 净利润 | — | $8.0M |
| 毛利率 | 22.8% | 42.4% |
| 营业利润率 | 7.8% | 2.0% |
| 净利率 | — | 0.2% |
| 营收同比 | 6.3% | -3.6% |
| 净利润同比 | — | -63.6% |
| 每股收益（稀释后） | $2.13 | $0.07 |
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CDWKSS
| Q4 25 | $5.5B | $3.6B | ||
| Q3 25 | $5.7B | $3.5B | ||
| Q2 25 | $6.0B | $3.2B | ||
| Q1 25 | $5.2B | $5.4B | ||
| Q4 24 | $5.2B | $3.7B | ||
| Q3 24 | $5.5B | $3.7B | ||
| Q2 24 | $5.4B | $3.4B | ||
| Q1 24 | $4.9B | $6.0B |
净利润CDWKSS
| Q4 25 | — | $8.0M | ||
| Q3 25 | $291.0M | $153.0M | ||
| Q2 25 | $271.2M | $-15.0M | ||
| Q1 25 | $224.9M | $48.0M | ||
| Q4 24 | — | $22.0M | ||
| Q3 24 | $316.4M | $66.0M | ||
| Q2 24 | $281.1M | $-27.0M | ||
| Q1 24 | $216.1M | $186.0M |
毛利率CDWKSS
| Q4 25 | 22.8% | 42.4% | ||
| Q3 25 | 21.9% | 43.3% | ||
| Q2 25 | 20.8% | 43.3% | ||
| Q1 25 | 21.6% | 35.6% | ||
| Q4 24 | 22.3% | 42.4% | ||
| Q3 24 | 21.8% | 43.0% | ||
| Q2 24 | 21.8% | 43.1% | ||
| Q1 24 | 21.8% | 35.2% |
营业利润率CDWKSS
| Q4 25 | 7.8% | 2.0% | ||
| Q3 25 | 7.7% | 7.9% | ||
| Q2 25 | 7.0% | 1.9% | ||
| Q1 25 | 7.0% | 2.3% | ||
| Q4 24 | 7.9% | 2.6% | ||
| Q3 24 | 8.7% | 4.4% | ||
| Q2 24 | 8.0% | 1.3% | ||
| Q1 24 | 6.7% | 5.0% |
净利率CDWKSS
| Q4 25 | — | 0.2% | ||
| Q3 25 | 5.1% | 4.3% | ||
| Q2 25 | 4.5% | -0.5% | ||
| Q1 25 | 4.3% | 0.9% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | 5.7% | 1.8% | ||
| Q2 24 | 5.2% | -0.8% | ||
| Q1 24 | 4.4% | 3.1% |
每股收益（稀释后）CDWKSS
| Q4 25 | $2.13 | $0.07 | ||
| Q3 25 | $2.21 | $1.35 | ||
| Q2 25 | $2.05 | $-0.13 | ||
| Q1 25 | $1.69 | $0.43 | ||
| Q4 24 | $1.97 | $0.20 | ||
| Q3 24 | $2.34 | $0.59 | ||
| Q2 24 | $2.07 | $-0.24 | ||
| Q1 24 | $1.59 | $1.67 |
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 | $618.7M | $144.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $3.9B |
| 总资产 | $16.0B | $14.1B |
| 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CDWKSS
| Q4 25 | $618.7M | $144.0M | ||
| Q3 25 | $452.9M | $174.0M | ||
| Q2 25 | $481.0M | $153.0M | ||
| Q1 25 | $688.1M | $134.0M | ||
| Q4 24 | $717.7M | $174.0M | ||
| Q3 24 | $1.2B | $231.0M | ||
| Q2 24 | $665.3M | $228.0M | ||
| Q1 24 | $803.8M | $183.0M |
股东权益CDWKSS
| Q4 25 | $2.6B | $3.9B | ||
| Q3 25 | $2.5B | $3.9B | ||
| Q2 25 | $2.5B | $3.8B | ||
| Q1 25 | $2.3B | $3.8B | ||
| Q4 24 | $2.4B | $3.8B | ||
| Q3 24 | $2.3B | $3.8B | ||
| Q2 24 | $2.2B | $3.8B | ||
| Q1 24 | $2.1B | $3.9B |
总资产CDWKSS
| Q4 25 | $16.0B | $14.1B | ||
| Q3 25 | $15.2B | $13.4B | ||
| Q2 25 | $15.3B | $13.6B | ||
| Q1 25 | $15.0B | $13.6B | ||
| Q4 24 | $14.7B | $15.1B | ||
| Q3 24 | $14.4B | $14.2B | ||
| Q2 24 | $13.6B | $14.3B | ||
| Q1 24 | $13.2B | $14.0B |
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 | $433.8M | $124.0M |
| 自由现金流经营现金流 - 资本支出 | $395.9M | $16.0M |
| 自由现金流率自由现金流/营收 | 7.2% | 0.4% |
| 资本支出强度资本支出/营收 | 0.7% | 3.0% |
| 现金转化率经营现金流/净利润 | — | 15.50× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $819.0M |
8季度趋势，按日历期对齐
经营现金流CDWKSS
| Q4 25 | $433.8M | $124.0M | ||
| Q3 25 | $328.3M | $598.0M | ||
| Q2 25 | $155.9M | $-92.0M | ||
| Q1 25 | $287.2M | $596.0M | ||
| Q4 24 | $345.3M | $-195.0M | ||
| Q3 24 | $342.1M | $254.0M | ||
| Q2 24 | $149.9M | $-7.0M | ||
| Q1 24 | $440.0M | $789.0M |
自由现金流CDWKSS
| Q4 25 | $395.9M | $16.0M | ||
| Q3 25 | $298.5M | $508.0M | ||
| Q2 25 | $133.4M | $-202.0M | ||
| Q1 25 | $260.3M | $497.0M | ||
| Q4 24 | $316.7M | $-323.0M | ||
| Q3 24 | $308.5M | $141.0M | ||
| Q2 24 | $119.0M | $-133.0M | ||
| Q1 24 | $410.5M | $707.0M |
自由现金流率CDWKSS
| Q4 25 | 7.2% | 0.4% | ||
| Q3 25 | 5.2% | 14.3% | ||
| Q2 25 | 2.2% | -6.2% | ||
| Q1 25 | 5.0% | 9.2% | ||
| Q4 24 | 6.1% | -8.7% | ||
| Q3 24 | 5.6% | 3.8% | ||
| Q2 24 | 2.2% | -3.9% | ||
| Q1 24 | 8.4% | 11.9% |
资本支出强度CDWKSS
| Q4 25 | 0.7% | 3.0% | ||
| Q3 25 | 0.5% | 2.5% | ||
| Q2 25 | 0.4% | 3.4% | ||
| Q1 25 | 0.5% | 1.8% | ||
| Q4 24 | 0.6% | 3.5% | ||
| Q3 24 | 0.6% | 3.0% | ||
| Q2 24 | 0.6% | 3.7% | ||
| Q1 24 | 0.6% | 1.4% |
现金转化率CDWKSS
| Q4 25 | — | 15.50× | ||
| Q3 25 | 1.13× | 3.91× | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 1.28× | 12.42× | ||
| Q4 24 | — | -8.86× | ||
| Q3 24 | 1.08× | 3.85× | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 2.04× | 4.24× |
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
CDW
暂无分部数据
KSS
| Products | $3.4B | 95% |
| Other | $168.0M | 5% |
| Gift Card | $17.0M | 0% |
