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Coca-Cola Consolidated, Inc.（COKE）与奥驰亚（MO）财务数据对比。点击上方公司名可切换其他公司
奥驰亚的季度营收约是Coca-Cola Consolidated, Inc.的3.1倍（$5.8B vs $1.9B）。奥驰亚净利率更高（19.1% vs 7.2%，领先11.9%）。Coca-Cola Consolidated, Inc.同比增速更快（9.0% vs -2.1%）。奥驰亚自由现金流更多（$3.2B vs $106.7M）。过去两年Coca-Cola Consolidated, Inc.的营收复合增速更高（9.4% vs 2.4%）
Coca-Cola Consolidated, Inc.总部位于美国北卡罗来纳州夏洛特市，是美国规模最大的独立可口可乐瓶装商，负责可口可乐系列饮品的生产、分销及本地化市场运营，在北美饮料行业拥有较高的行业地位。
奥驰亚集团是美国头部烟草企业，通过旗下子公司生产销售可燃烟草与口服类烟草相关产品，核心品牌包括万宝路香烟、Black & Mild雪茄及烟斗烟、哥本哈根、斯库尔等湿无烟烟草，以及on!口服尼古丁袋，产品主要供应批发商、分销商及大型零售客户。
COKE vs MO — 直观对比
营收规模更大
MO
是对方的3.1倍
$1.9B
营收增速更快
COKE
高出11.2%
-2.1%
净利率更高
MO
高出11.9%
7.2%
自由现金流更多
MO
多$3.1B
$106.7M
两年增速更快
COKE
近两年复合增速
2.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $5.8B |
| 净利润 | $137.3M | $1.1B |
| 毛利率 | 39.6% | 62.1% |
| 营业利润率 | 12.7% | 28.2% |
| 净利率 | 7.2% | 19.1% |
| 营收同比 | 9.0% | -2.1% |
| 净利润同比 | -23.3% | -63.2% |
| 每股收益（稀释后） | — | $0.67 |
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COKEMO
| Q4 25 | $1.9B | $5.8B | ||
| Q3 25 | $1.9B | $6.1B | ||
| Q2 25 | $1.9B | $6.1B | ||
| Q1 25 | $1.6B | $5.3B | ||
| Q4 24 | $1.7B | $6.0B | ||
| Q3 24 | $1.8B | $6.3B | ||
| Q2 24 | $1.8B | $6.2B | ||
| Q1 24 | $1.6B | $5.6B |
净利润COKEMO
| Q4 25 | $137.3M | $1.1B | ||
| Q3 25 | $142.3M | $2.4B | ||
| Q2 25 | $187.4M | $2.4B | ||
| Q1 25 | $103.6M | $1.1B | ||
| Q4 24 | $178.9M | $3.0B | ||
| Q3 24 | $115.6M | $2.3B | ||
| Q2 24 | $172.8M | $3.8B | ||
| Q1 24 | $165.7M | $2.1B |
毛利率COKEMO
| Q4 25 | 39.6% | 62.1% | ||
| Q3 25 | 39.6% | 62.8% | ||
| Q2 25 | 40.0% | 63.1% | ||
| Q1 25 | 39.7% | 61.8% | ||
| Q4 24 | 40.0% | 60.3% | ||
| Q3 24 | 39.5% | 60.8% | ||
| Q2 24 | 39.9% | 59.2% | ||
| Q1 24 | 40.2% | 58.8% |
营业利润率COKEMO
| Q4 25 | 12.7% | 28.2% | ||
| Q3 25 | 13.1% | 53.2% | ||
| Q2 25 | 14.7% | 52.9% | ||
| Q1 25 | 12.0% | 34.0% | ||
| Q4 24 | 12.5% | 48.2% | ||
| Q3 24 | 12.9% | 50.4% | ||
| Q2 24 | 14.4% | 40.8% | ||
| Q1 24 | 13.5% | 48.0% |
净利率COKEMO
| Q4 25 | 7.2% | 19.1% | ||
| Q3 25 | 7.5% | 39.1% | ||
| Q2 25 | 10.1% | 39.0% | ||
| Q1 25 | 6.6% | 20.5% | ||
| Q4 24 | 10.2% | 50.9% | ||
| Q3 24 | 6.5% | 36.6% | ||
| Q2 24 | 9.6% | 61.2% | ||
| Q1 24 | 10.4% | 38.2% |
每股收益（稀释后）COKEMO
| Q4 25 | — | $0.67 | ||
| Q3 25 | — | $1.41 | ||
| Q2 25 | — | $1.41 | ||
| Q1 25 | — | $0.63 | ||
| Q4 24 | — | $1.78 | ||
| Q3 24 | — | $1.34 | ||
| Q2 24 | — | $2.21 | ||
| Q1 24 | — | $1.21 |
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 | $281.9M | $4.5B |
| 总债务越低越好 | $2.8B | $25.7B |
| 股东权益账面价值 | $-739.7M | $-3.5B |
| 总资产 | $4.3B | $35.0B |
| 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COKEMO
| Q4 25 | $281.9M | $4.5B | ||
| Q3 25 | $1.5B | $3.5B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $4.7B | ||
| Q4 24 | $1.1B | $3.1B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $1.7B | $1.8B | ||
| Q1 24 | $401.3M | $3.6B |
总债务COKEMO
| Q4 25 | $2.8B | $25.7B | ||
| Q3 25 | $1.8B | $25.7B | ||
| Q2 25 | $1.8B | $24.7B | ||
| Q1 25 | $1.8B | $26.1B | ||
| Q4 24 | $1.8B | $24.9B | ||
| Q3 24 | $1.8B | $25.2B | ||
| Q2 24 | $1.8B | $25.0B | ||
| Q1 24 | $599.3M | $25.0B |
股东权益COKEMO
| Q4 25 | $-739.7M | $-3.5B | ||
| Q3 25 | $1.6B | $-2.6B | ||
| Q2 25 | $1.6B | $-3.3B | ||
| Q1 25 | $1.5B | $-3.5B | ||
| Q4 24 | $1.4B | $-2.2B | ||
| Q3 24 | $1.3B | $-3.5B | ||
| Q2 24 | $1.2B | $-3.0B | ||
| Q1 24 | $1.6B | $-5.1B |
总资产COKEMO
| Q4 25 | $4.3B | $35.0B | ||
| Q3 25 | $5.7B | $35.0B | ||
| Q2 25 | $5.5B | $32.3B | ||
| Q1 25 | $5.4B | $35.8B | ||
| Q4 24 | $5.3B | $35.2B | ||
| Q3 24 | $5.3B | $34.2B | ||
| Q2 24 | $5.7B | $34.4B | ||
| Q1 24 | $4.3B | $36.5B |
负债/权益比COKEMO
| Q4 25 | — | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 1.49× | — | ||
| Q1 24 | 0.37× | — |
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 | $209.0M | $3.3B |
| 自由现金流经营现金流 - 资本支出 | $106.7M | $3.2B |
| 自由现金流率自由现金流/营收 | 5.6% | 54.4% |
| 资本支出强度资本支出/营收 | 5.4% | 1.6% |
| 现金转化率经营现金流/净利润 | 1.52× | 2.93× |
| 过去12个月自由现金流最近4个季度 | $619.6M | $9.1B |
8季度趋势，按日历期对齐
经营现金流COKEMO
| Q4 25 | $209.0M | $3.3B | ||
| Q3 25 | $316.7M | $3.1B | ||
| Q2 25 | $208.1M | $205.0M | ||
| Q1 25 | $198.2M | $2.7B | ||
| Q4 24 | $168.5M | $3.3B | ||
| Q3 24 | $270.8M | $2.6B | ||
| Q2 24 | $242.9M | $-75.0M | ||
| Q1 24 | $194.3M | $2.9B |
自由现金流COKEMO
| Q4 25 | $106.7M | $3.2B | ||
| Q3 25 | $264.1M | $3.0B | ||
| Q2 25 | $148.5M | $173.0M | ||
| Q1 25 | $100.3M | $2.7B | ||
| Q4 24 | $84.8M | $3.3B | ||
| Q3 24 | $142.8M | $2.6B | ||
| Q2 24 | $160.5M | $-104.0M | ||
| Q1 24 | $117.2M | $2.8B |
自由现金流率COKEMO
| Q4 25 | 5.6% | 54.4% | ||
| Q3 25 | 14.0% | 50.1% | ||
| Q2 25 | 8.0% | 2.8% | ||
| Q1 25 | 6.3% | 51.0% | ||
| Q4 24 | 4.9% | 55.1% | ||
| Q3 24 | 8.1% | 41.2% | ||
| Q2 24 | 8.9% | -1.7% | ||
| Q1 24 | 7.4% | 51.0% |
资本支出强度COKEMO
| Q4 25 | 5.4% | 1.6% | ||
| Q3 25 | 2.8% | 0.9% | ||
| Q2 25 | 3.2% | 0.5% | ||
| Q1 25 | 6.2% | 0.7% | ||
| Q4 24 | 4.8% | 0.8% | ||
| Q3 24 | 7.2% | 0.5% | ||
| Q2 24 | 4.6% | 0.5% | ||
| Q1 24 | 4.8% | 0.6% |
现金转化率COKEMO
| Q4 25 | 1.52× | 2.93× | ||
| Q3 25 | 2.22× | 1.30× | ||
| Q2 25 | 1.11× | 0.09× | ||
| Q1 25 | 1.91× | 2.53× | ||
| Q4 24 | 0.94× | 1.10× | ||
| Q3 24 | 2.34× | 1.14× | ||
| Q2 24 | 1.41× | -0.02× | ||
| Q1 24 | 1.17× | 1.35× |
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
COKE
| Transferred At Point In Time | $1.9B | 99% |
| Transferred Over Time | $15.1M | 1% |
MO
| Smokeable Products Segment | $5.1B | 88% |
| Oral Tobacco Segment | $706.0M | 12% |
