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Dollar General（DG）与卡夫亨氏（KHC）财务数据对比。点击上方公司名可切换其他公司
Dollar General的季度营收约是卡夫亨氏的1.7倍（$10.6B vs $6.4B），卡夫亨氏净利率更高（10.2% vs 2.7%，领先7.6%），Dollar General同比增速更快（4.6% vs -3.4%），卡夫亨氏自由现金流更多（$1.2B vs $690.4M），过去两年Dollar General的营收复合增速更高（4.3% vs -0.4%）
Dollar General是美国大型折扣连锁零售企业，总部位于田纳西州古德利茨维尔。截至2024年1月初，集团在美国本土及墨西哥共运营20388家线下门店，主打高性价比日常商品，服务大众消费群体。
卡夫亨氏（股票代码：KHC）是美国大型跨国食品企业，由原卡夫食品集团与亨氏公司合并组建，在芝加哥与匹兹堡均设有总部，旗下拥有多款全球知名食品品牌，业务覆盖全球众多市场。
DG vs KHC — 直观对比
营收规模更大
DG
是对方的1.7倍
$6.4B
营收增速更快
DG
高出8.0%
-3.4%
净利率更高
KHC
高出7.6%
2.7%
自由现金流更多
KHC
多$480.6M
$690.4M
两年增速更快
DG
近两年复合增速
-0.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.6B | $6.4B |
| 净利润 | $282.7M | $651.0M |
| 毛利率 | 29.9% | 32.6% |
| 营业利润率 | 4.0% | 17.1% |
| 净利率 | 2.7% | 10.2% |
| 营收同比 | 4.6% | -3.4% |
| 净利润同比 | 43.8% | -69.5% |
| 每股收益（稀释后） | $1.28 | $0.56 |
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DGKHC
| Q4 25 | $10.6B | $6.4B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | $10.4B | $6.4B | ||
| Q1 25 | — | $6.0B | ||
| Q4 24 | $10.2B | $6.6B | ||
| Q3 24 | $10.2B | $6.4B | ||
| Q2 24 | $9.9B | $6.5B | ||
| Q1 24 | $9.9B | $6.4B |
净利润DGKHC
| Q4 25 | $282.7M | $651.0M | ||
| Q3 25 | — | $615.0M | ||
| Q2 25 | $391.9M | $-7.8B | ||
| Q1 25 | — | $712.0M | ||
| Q4 24 | $196.5M | $2.1B | ||
| Q3 24 | $374.2M | $-290.0M | ||
| Q2 24 | $363.3M | $102.0M | ||
| Q1 24 | $401.8M | $801.0M |
毛利率DGKHC
| Q4 25 | 29.9% | 32.6% | ||
| Q3 25 | — | 31.9% | ||
| Q2 25 | 31.0% | 34.4% | ||
| Q1 25 | — | 34.4% | ||
| Q4 24 | 28.8% | 34.1% | ||
| Q3 24 | 30.0% | 34.2% | ||
| Q2 24 | 30.2% | 35.4% | ||
| Q1 24 | 29.5% | 35.0% |
营业利润率DGKHC
| Q4 25 | 4.0% | 17.1% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | 5.5% | -125.5% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | 3.2% | -0.6% | ||
| Q3 24 | 5.4% | -1.6% | ||
| Q2 24 | 5.5% | 8.1% | ||
| Q1 24 | 5.9% | 20.3% |
净利率DGKHC
| Q4 25 | 2.7% | 10.2% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | 3.8% | -123.2% | ||
| Q1 25 | — | 11.9% | ||
| Q4 24 | 1.9% | 32.4% | ||
| Q3 24 | 3.7% | -4.5% | ||
| Q2 24 | 3.7% | 1.6% | ||
| Q1 24 | 4.1% | 12.5% |
每股收益（稀释后）DGKHC
| Q4 25 | $1.28 | $0.56 | ||
| Q3 25 | — | $0.52 | ||
| Q2 25 | $1.78 | $-6.60 | ||
| Q1 25 | — | $0.59 | ||
| Q4 24 | $0.89 | $1.76 | ||
| Q3 24 | $1.70 | $-0.24 | ||
| Q2 24 | $1.65 | $0.08 | ||
| Q1 24 | $1.82 | $0.66 |
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 | $1.2B | $2.6B |
| 总债务越低越好 | $5.1B | $19.3B |
| 股东权益账面价值 | $8.2B | $41.7B |
| 总资产 | $31.7B | $81.8B |
| 负债/权益比越低杠杆越低 | 0.63× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资DGKHC
| Q4 25 | $1.2B | $2.6B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | $850.0M | $2.6B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $537.3M | $1.3B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $720.7M | $900.0M | ||
| Q1 24 | $537.3M | $1.6B |
总债务DGKHC
| Q4 25 | $5.1B | $19.3B | ||
| Q3 25 | — | $19.3B | ||
| Q2 25 | $5.7B | $19.3B | ||
| Q1 25 | — | $20.9B | ||
| Q4 24 | $5.7B | $19.2B | ||
| Q3 24 | $6.2B | $19.4B | ||
| Q2 24 | $6.2B | $19.3B | ||
| Q1 24 | $6.2B | $19.9B |
股东权益DGKHC
| Q4 25 | $8.2B | $41.7B | ||
| Q3 25 | — | $41.5B | ||
| Q2 25 | $7.7B | $41.4B | ||
| Q1 25 | — | $49.5B | ||
| Q4 24 | $7.3B | $49.2B | ||
| Q3 24 | $7.3B | $48.3B | ||
| Q2 24 | $7.0B | $48.9B | ||
| Q1 24 | $6.7B | $49.5B |
总资产DGKHC
| Q4 25 | $31.7B | $81.8B | ||
| Q3 25 | — | $81.7B | ||
| Q2 25 | $31.0B | $81.6B | ||
| Q1 25 | — | $90.3B | ||
| Q4 24 | $31.5B | $88.3B | ||
| Q3 24 | $31.8B | $88.6B | ||
| Q2 24 | $31.0B | $88.8B | ||
| Q1 24 | $30.8B | $90.3B |
负债/权益比DGKHC
| Q4 25 | 0.63× | 0.46× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | 0.74× | 0.47× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | 0.78× | 0.39× | ||
| Q3 24 | 0.86× | 0.40× | ||
| Q2 24 | 0.89× | 0.39× | ||
| Q1 24 | 0.92× | 0.40× |
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 | $1.0B | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $690.4M | $1.2B |
| 自由现金流率自由现金流/营收 | 6.5% | 18.4% |
| 资本支出强度资本支出/营收 | 2.9% | 3.2% |
| 现金转化率经营现金流/净利润 | 3.55× | 2.11× |
| 过去12个月自由现金流最近4个季度 | $2.1B | $3.7B |
8季度趋势，按日历期对齐
经营现金流DGKHC
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $847.2M | $1.2B | ||
| Q1 25 | — | $720.0M | ||
| Q4 24 | $542.4M | $1.4B | ||
| Q3 24 | $988.9M | $1.1B | ||
| Q2 24 | $663.8M | $942.0M | ||
| Q1 24 | $949.8M | $771.0M |
自由现金流DGKHC
| Q4 25 | $690.4M | $1.2B | ||
| Q3 25 | — | $986.0M | ||
| Q2 25 | $556.2M | $1.0B | ||
| Q1 25 | — | $482.0M | ||
| Q4 24 | $201.0M | $1.1B | ||
| Q3 24 | $635.2M | $849.0M | ||
| Q2 24 | $321.8M | $693.0M | ||
| Q1 24 | $490.1M | $477.0M |
自由现金流率DGKHC
| Q4 25 | 6.5% | 18.4% | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | 5.3% | 16.1% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | 2.0% | 17.4% | ||
| Q3 24 | 6.2% | 13.3% | ||
| Q2 24 | 3.2% | 10.7% | ||
| Q1 24 | 5.0% | 7.4% |
资本支出强度DGKHC
| Q4 25 | 2.9% | 3.2% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | 2.8% | 2.9% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | 3.4% | 3.8% | ||
| Q3 24 | 3.5% | 3.7% | ||
| Q2 24 | 3.4% | 3.8% | ||
| Q1 24 | 4.7% | 4.6% |
现金转化率DGKHC
| Q4 25 | 3.55× | 2.11× | ||
| Q3 25 | — | 1.88× | ||
| Q2 25 | 2.16× | — | ||
| Q1 25 | — | 1.01× | ||
| Q4 24 | 2.76× | 0.65× | ||
| Q3 24 | 2.64× | — | ||
| Q2 24 | 1.83× | 9.24× | ||
| Q1 24 | 2.36× | 0.96× |
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
DG
| Consumables | $8.8B | 83% |
| Seasonal | $992.2M | 9% |
| Home Products | $550.7M | 5% |
| Apparel | $281.9M | 3% |
KHC
| Taste Elevation | $2.9B | 46% |
| Easy Ready Meals | $1.1B | 17% |
| Hydration | $471.0M | 7% |
| Cheese | $440.0M | 7% |
| Meats | $438.0M | 7% |
| Substantial Snacking | $351.0M | 6% |
| Desserts | $332.0M | 5% |
| Coffee | $221.0M | 3% |
| Other Platform | $127.0M | 2% |
