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天弘科技（CLS）与Keurig Dr Pepper（KDP）财务数据对比。点击上方公司名可切换其他公司
天弘科技的季度营收约是Keurig Dr Pepper的1.0倍（$4.0B vs $4.0B），Keurig Dr Pepper净利率更高（6.8% vs 5.2%，领先1.5%），天弘科技同比增速更快（52.8% vs 9.4%），Keurig Dr Pepper自由现金流更多（$184.0M vs $137.9M），过去两年天弘科技的营收复合增速更高（35.4% vs 0.7%）
天弘科技（Celestica Inc.）是总部位于加拿大安大略省多伦多的跨国电子制造服务（EMS）企业，业务涵盖设计、生产制造、硬件平台搭建及供应链服务，目前在全球15个国家设有50个运营站点，为各行业客户提供专业的电子产业链相关解决方案。
Keurig Dr Pepper是美国上市的饮品与咖啡机综合企业，2018年由克里格绿山和胡椒博士斯奈普集团合并成立，在马萨诸塞州伯灵顿及得克萨斯州弗里斯科设有双总部，旗下拥有超125款冷热饮品，加拿大区域业务由当地子公司负责运营。
CLS vs KDP — 直观对比
营收规模更大
CLS
是对方的1.0倍
$4.0B
营收增速更快
CLS
高出43.4%
9.4%
净利率更高
KDP
高出1.5%
5.2%
自由现金流更多
KDP
多$46.1M
$137.9M
两年增速更快
CLS
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $4.0B |
| 净利润 | $212.3M | $270.0M |
| 毛利率 | 10.8% | 52.8% |
| 营业利润率 | 6723.5% | 19.0% |
| 净利率 | 5.2% | 6.8% |
| 营收同比 | 52.8% | 9.4% |
| 净利润同比 | 146.3% | -47.8% |
| 每股收益（稀释后） | $1.83 | $0.20 |
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CLSKDP
| Q1 26 | $4.0B | $4.0B | ||
| Q4 25 | $3.7B | $4.5B | ||
| Q3 25 | $3.2B | $4.3B | ||
| Q2 25 | $2.9B | $4.2B | ||
| Q1 25 | $2.6B | $3.6B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $2.5B | $3.9B | ||
| Q2 24 | $2.4B | $3.9B |
净利润CLSKDP
| Q1 26 | $212.3M | $270.0M | ||
| Q4 25 | $267.5M | $353.0M | ||
| Q3 25 | $267.8M | $662.0M | ||
| Q2 25 | $211.0M | $547.0M | ||
| Q1 25 | $86.2M | $517.0M | ||
| Q4 24 | — | $-144.0M | ||
| Q3 24 | $89.5M | $616.0M | ||
| Q2 24 | $95.0M | $515.0M |
毛利率CLSKDP
| Q1 26 | 10.8% | 52.8% | ||
| Q4 25 | 11.8% | 53.8% | ||
| Q3 25 | 13.0% | 54.3% | ||
| Q2 25 | 12.8% | 54.2% | ||
| Q1 25 | 10.3% | 54.6% | ||
| Q4 24 | — | 55.9% | ||
| Q3 24 | 10.4% | 55.0% | ||
| Q2 24 | 10.6% | 55.4% |
营业利润率CLSKDP
| Q1 26 | 6723.5% | 19.0% | ||
| Q4 25 | 8.6% | 19.6% | ||
| Q3 25 | 10.2% | 23.1% | ||
| Q2 25 | 9.4% | 21.6% | ||
| Q1 25 | 4.9% | 22.0% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 5.5% | 23.2% | ||
| Q2 24 | 5.6% | 22.0% |
净利率CLSKDP
| Q1 26 | 5.2% | 6.8% | ||
| Q4 25 | 7.3% | 7.8% | ||
| Q3 25 | 8.4% | 15.4% | ||
| Q2 25 | 7.3% | 13.1% | ||
| Q1 25 | 3.3% | 14.2% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | 3.6% | 15.8% | ||
| Q2 24 | 4.0% | 13.1% |
每股收益（稀释后）CLSKDP
| Q1 26 | $1.83 | $0.20 | ||
| Q4 25 | $2.29 | $0.26 | ||
| Q3 25 | $2.31 | $0.49 | ||
| Q2 25 | $1.82 | $0.40 | ||
| Q1 25 | $0.74 | $0.38 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | $0.75 | $0.45 | ||
| Q2 24 | $0.80 | $0.38 |
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 | $378.0M | $898.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $25.3B |
| 总资产 | $8260.0B | $73.1B |
| 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CLSKDP
| Q1 26 | $378.0M | $898.0M | ||
| Q4 25 | $595.6M | $1.0B | ||
| Q3 25 | $305.9M | $516.0M | ||
| Q2 25 | $313.8M | $509.0M | ||
| Q1 25 | $303.0M | $653.0M | ||
| Q4 24 | — | $510.0M | ||
| Q3 24 | — | $552.0M | ||
| Q2 24 | — | $438.0M |
总债务CLSKDP
| Q1 26 | — | — | ||
| Q4 25 | $750.5M | — | ||
| Q3 25 | $756.7M | — | ||
| Q2 25 | $848.6M | — | ||
| Q1 25 | $915.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CLSKDP
| Q1 26 | $2.1B | $25.3B | ||
| Q4 25 | $2.2B | $25.5B | ||
| Q3 25 | $2.0B | $25.3B | ||
| Q2 25 | $1.8B | $25.0B | ||
| Q1 25 | $1.6B | $24.4B | ||
| Q4 24 | — | $24.2B | ||
| Q3 24 | $1.8B | $25.0B | ||
| Q2 24 | $1.8B | $24.7B |
总资产CLSKDP
| Q1 26 | $8260.0B | $73.1B | ||
| Q4 25 | $7.2B | $55.5B | ||
| Q3 25 | $6.6B | $54.6B | ||
| Q2 25 | $6.2B | $54.4B | ||
| Q1 25 | $5.8B | $53.7B | ||
| Q4 24 | — | $53.4B | ||
| Q3 24 | — | $52.7B | ||
| Q2 24 | — | $52.3B |
负债/权益比CLSKDP
| Q1 26 | — | — | ||
| Q4 25 | 0.34× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $356.3M | $281.0M |
| 自由现金流经营现金流 - 资本支出 | $137.9M | $184.0M |
| 自由现金流率自由现金流/营收 | 3.4% | 4.6% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.68× | 1.04× |
| 过去12个月自由现金流最近4个季度 | $502.6M | $1.6B |
8季度趋势，按日历期对齐
经营现金流CLSKDP
| Q1 26 | $356.3M | $281.0M | ||
| Q4 25 | $250.6M | $712.0M | ||
| Q3 25 | $126.2M | $639.0M | ||
| Q2 25 | $152.4M | $431.0M | ||
| Q1 25 | $130.3M | $209.0M | ||
| Q4 24 | — | $849.0M | ||
| Q3 24 | $122.8M | $628.0M | ||
| Q2 24 | $99.6M | $657.0M |
自由现金流CLSKDP
| Q1 26 | $137.9M | $184.0M | ||
| Q4 25 | $155.9M | $564.0M | ||
| Q3 25 | $88.9M | $527.0M | ||
| Q2 25 | $119.9M | $325.0M | ||
| Q1 25 | $93.6M | $89.0M | ||
| Q4 24 | — | $684.0M | ||
| Q3 24 | $76.8M | $503.0M | ||
| Q2 24 | $62.7M | $542.0M |
自由现金流率CLSKDP
| Q1 26 | 3.4% | 4.6% | ||
| Q4 25 | 4.3% | 12.5% | ||
| Q3 25 | 2.8% | 12.2% | ||
| Q2 25 | 4.1% | 7.8% | ||
| Q1 25 | 3.5% | 2.4% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | 3.1% | 12.9% | ||
| Q2 24 | 2.6% | 13.8% |
资本支出强度CLSKDP
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 3.3% | ||
| Q3 25 | 1.2% | 2.6% | ||
| Q2 25 | 1.1% | 2.5% | ||
| Q1 25 | 1.4% | 3.3% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | 1.8% | 3.2% | ||
| Q2 24 | 1.5% | 2.9% |
现金转化率CLSKDP
| Q1 26 | 1.68× | 1.04× | ||
| Q4 25 | 0.94× | 2.02× | ||
| Q3 25 | 0.47× | 0.97× | ||
| Q2 25 | 0.72× | 0.79× | ||
| Q1 25 | 1.51× | 0.40× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.37× | 1.02× | ||
| Q2 24 | 1.05× | 1.28× |
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
CLS
暂无分部数据
KDP
| U.S. Refreshment Beverages | $2.6B | 65% |
| U.S. Coffee | $877.0M | 22% |
| International | $435.0M | 11% |
