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Coca-Cola Consolidated, Inc.（COKE）与Pinnacle West Capital（PNW）财务数据对比。点击上方公司名可切换其他公司
Coca-Cola Consolidated, Inc.的季度营收约是Pinnacle West Capital的1.7倍（$1.9B vs $1.1B），Coca-Cola Consolidated, Inc.净利率更高（7.2% vs 1.6%，领先5.6%），Coca-Cola Consolidated, Inc.同比增速更快（9.0% vs 3.0%），Coca-Cola Consolidated, Inc.自由现金流更多（$106.7M vs $-192.7M），过去两年Coca-Cola Consolidated, Inc.的营收复合增速更高（9.4% vs 8.9%）
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。
Pinnacle West Capital是美国公用事业控股企业，旗下拥有亚利桑那州规模最大的公用事业公司亚利桑那公共服务（APS）。公司于纽约证券交易所上市，是标普500指数成分股，运营受亚利桑那州公司委员会监管。
COKE vs PNW — 直观对比
营收规模更大
COKE
是对方的1.7倍
$1.1B
营收增速更快
COKE
高出6.0%
3.0%
净利率更高
COKE
高出5.6%
1.6%
自由现金流更多
COKE
多$299.4M
$-192.7M
两年增速更快
COKE
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.1B |
| 净利润 | $137.3M | $17.6M |
| 毛利率 | 39.6% | — |
| 营业利润率 | 12.7% | 10.7% |
| 净利率 | 7.2% | 1.6% |
| 营收同比 | 9.0% | 3.0% |
| 净利润同比 | -23.3% | 798.0% |
| 每股收益（稀释后） | — | $0.12 |
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COKEPNW
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.9B | $1.8B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.8B | $1.3B | ||
| Q1 24 | $1.6B | $951.7M |
净利润COKEPNW
| Q4 25 | $137.3M | $17.6M | ||
| Q3 25 | $142.3M | $417.5M | ||
| Q2 25 | $187.4M | $196.9M | ||
| Q1 25 | $103.6M | $-338.0K | ||
| Q4 24 | $178.9M | $-2.5M | ||
| Q3 24 | $115.6M | $399.3M | ||
| Q2 24 | $172.8M | $208.1M | ||
| Q1 24 | $165.7M | $21.2M |
毛利率COKEPNW
| Q4 25 | 39.6% | — | ||
| Q3 25 | 39.6% | — | ||
| Q2 25 | 40.0% | — | ||
| Q1 25 | 39.7% | — | ||
| Q4 24 | 40.0% | — | ||
| Q3 24 | 39.5% | — | ||
| Q2 24 | 39.9% | — | ||
| Q1 24 | 40.2% | — |
营业利润率COKEPNW
| Q4 25 | 12.7% | 10.7% | ||
| Q3 25 | 13.1% | 32.0% | ||
| Q2 25 | 14.7% | 22.6% | ||
| Q1 25 | 12.0% | 5.5% | ||
| Q4 24 | 12.5% | 7.7% | ||
| Q3 24 | 12.9% | 30.9% | ||
| Q2 24 | 14.4% | 24.0% | ||
| Q1 24 | 13.5% | 7.0% |
净利率COKEPNW
| Q4 25 | 7.2% | 1.6% | ||
| Q3 25 | 7.5% | 22.9% | ||
| Q2 25 | 10.1% | 14.5% | ||
| Q1 25 | 6.6% | -0.0% | ||
| Q4 24 | 10.2% | -0.2% | ||
| Q3 24 | 6.5% | 22.6% | ||
| Q2 24 | 9.6% | 15.9% | ||
| Q1 24 | 10.4% | 2.2% |
每股收益（稀释后）COKEPNW
| Q4 25 | — | $0.12 | ||
| Q3 25 | — | $3.39 | ||
| Q2 25 | — | $1.58 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | — | $3.37 | ||
| Q2 24 | — | $1.76 | ||
| Q1 24 | — | $0.15 |
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 | $6.6M |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $-739.7M | $7.0B |
| 总资产 | $4.3B | $30.0B |
| 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COKEPNW
| Q4 25 | $281.9M | $6.6M | ||
| Q3 25 | $1.5B | $30.9M | ||
| Q2 25 | $1.2B | $18.8M | ||
| Q1 25 | $1.2B | $10.0M | ||
| Q4 24 | $1.1B | $3.8M | ||
| Q3 24 | $1.2B | $49.2M | ||
| Q2 24 | $1.7B | $4.0M | ||
| Q1 24 | $401.3M | $9.6M |
总债务COKEPNW
| Q4 25 | $2.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $599.3M | — |
股东权益COKEPNW
| Q4 25 | $-739.7M | $7.0B | ||
| Q3 25 | $1.6B | $7.2B | ||
| Q2 25 | $1.6B | $6.7B | ||
| Q1 25 | $1.5B | $6.7B | ||
| Q4 24 | $1.4B | $6.8B | ||
| Q3 24 | $1.3B | $6.6B | ||
| Q2 24 | $1.2B | $6.2B | ||
| Q1 24 | $1.6B | $6.2B |
总资产COKEPNW
| Q4 25 | $4.3B | $30.0B | ||
| Q3 25 | $5.7B | $29.9B | ||
| Q2 25 | $5.5B | $29.2B | ||
| Q1 25 | $5.4B | $27.2B | ||
| Q4 24 | $5.3B | $26.1B | ||
| Q3 24 | $5.3B | $26.3B | ||
| Q2 24 | $5.7B | $25.7B | ||
| Q1 24 | $4.3B | $24.8B |
负债/权益比COKEPNW
| 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 | $476.8M |
| 自由现金流经营现金流 - 资本支出 | $106.7M | $-192.7M |
| 自由现金流率自由现金流/营收 | 5.6% | -17.1% |
| 资本支出强度资本支出/营收 | 5.4% | 59.3% |
| 现金转化率经营现金流/净利润 | 1.52× | 27.09× |
| 过去12个月自由现金流最近4个季度 | $619.6M | $-819.5M |
8季度趋势，按日历期对齐
经营现金流COKEPNW
| Q4 25 | $209.0M | $476.8M | ||
| Q3 25 | $316.7M | $665.0M | ||
| Q2 25 | $208.1M | $261.4M | ||
| Q1 25 | $198.2M | $401.9M | ||
| Q4 24 | $168.5M | $439.5M | ||
| Q3 24 | $270.8M | $633.2M | ||
| Q2 24 | $242.9M | $189.8M | ||
| Q1 24 | $194.3M | $347.4M |
自由现金流COKEPNW
| Q4 25 | $106.7M | $-192.7M | ||
| Q3 25 | $264.1M | $42.0M | ||
| Q2 25 | $148.5M | $-448.1M | ||
| Q1 25 | $100.3M | $-220.7M | ||
| Q4 24 | $84.8M | $-92.1M | ||
| Q3 24 | $142.8M | $-32.7M | ||
| Q2 24 | $160.5M | $-344.2M | ||
| Q1 24 | $117.2M | $-170.4M |
自由现金流率COKEPNW
| Q4 25 | 5.6% | -17.1% | ||
| Q3 25 | 14.0% | 2.3% | ||
| Q2 25 | 8.0% | -33.0% | ||
| Q1 25 | 6.3% | -21.4% | ||
| Q4 24 | 4.9% | -8.4% | ||
| Q3 24 | 8.1% | -1.8% | ||
| Q2 24 | 8.9% | -26.3% | ||
| Q1 24 | 7.4% | -17.9% |
资本支出强度COKEPNW
| Q4 25 | 5.4% | 59.3% | ||
| Q3 25 | 2.8% | 34.2% | ||
| Q2 25 | 3.2% | 52.2% | ||
| Q1 25 | 6.2% | 60.3% | ||
| Q4 24 | 4.8% | 48.5% | ||
| Q3 24 | 7.2% | 37.6% | ||
| Q2 24 | 4.6% | 40.8% | ||
| Q1 24 | 4.8% | 54.4% |
现金转化率COKEPNW
| Q4 25 | 1.52× | 27.09× | ||
| Q3 25 | 2.22× | 1.59× | ||
| Q2 25 | 1.11× | 1.33× | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.34× | 1.59× | ||
| Q2 24 | 1.41× | 0.91× | ||
| Q1 24 | 1.17× | 16.41× |
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% |
PNW
| Electricand Transmission Service | $1.1B | 100% |
| Other Services | $4.4M | 0% |
