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Equitable Holdings, Inc.（EQH）与Kellanova（K）财务数据对比。点击上方公司名可切换其他公司
Equitable Holdings, Inc.的季度营收约是Kellanova的1.0倍（$3.3B vs $3.3B），Kellanova净利率更高（9.5% vs 6.6%，领先2.9%），Kellanova同比增速更快（0.8% vs -9.5%），过去两年Equitable Holdings, Inc.的营收复合增速更高（21.2% vs -9.0%）
Equitable Holdings, Inc.是美国领先的金融服务与保险企业，1859年由亨利·鲍德温·海德创立，业务覆盖保险、财富管理等多元金融领域，拥有逾百年发展历史，在全球金融服务市场具备深厚的行业积淀与广泛的客户基础。
Kellanova前身为知名食品企业家乐氏，是玛氏集团旗下的美国跨国食品制造公司，总部位于美国伊利诺伊州芝加哥。2023年10月2日公司正式启用现名，同步拆分北美谷物业务，独立成立WK Kellogg Co。
EQH vs K — 直观对比
营收规模更大
EQH
是对方的1.0倍
$3.3B
营收增速更快
K
高出10.3%
-9.5%
净利率更高
K
高出2.9%
6.6%
两年增速更快
EQH
近两年复合增速
-9.0%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $3.3B |
| 净利润 | $215.0M | $309.0M |
| 毛利率 | — | 33.3% |
| 营业利润率 | 10.5% | 13.9% |
| 净利率 | 6.6% | 9.5% |
| 营收同比 | -9.5% | 0.8% |
| 净利润同比 | -76.1% | -15.8% |
| 每股收益（稀释后） | $0.69 | $0.88 |
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EQHK
| Q4 25 | $3.3B | — | ||
| Q3 25 | $1.4B | $3.3B | ||
| Q2 25 | $2.4B | $3.2B | ||
| Q1 25 | $4.6B | $3.1B | ||
| Q4 24 | $3.6B | $3.1B | ||
| Q3 24 | $3.1B | $3.2B | ||
| Q2 24 | $3.5B | $3.2B | ||
| Q1 24 | $2.2B | $3.2B |
净利润EQHK
| Q4 25 | $215.0M | — | ||
| Q3 25 | $-1.3B | $309.0M | ||
| Q2 25 | $-349.0M | $299.0M | ||
| Q1 25 | $63.0M | $304.0M | ||
| Q4 24 | $899.0M | $365.0M | ||
| Q3 24 | $-134.0M | $367.0M | ||
| Q2 24 | $428.0M | $344.0M | ||
| Q1 24 | $114.0M | $267.0M |
毛利率EQHK
| Q4 25 | — | — | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 34.3% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | — | 36.4% | ||
| Q2 24 | — | 36.4% | ||
| Q1 24 | — | 32.2% |
营业利润率EQHK
| Q4 25 | 10.5% | — | ||
| Q3 25 | -93.0% | 13.9% | ||
| Q2 25 | -15.4% | 13.7% | ||
| Q1 25 | 3.8% | 13.9% | ||
| Q4 24 | 33.1% | 17.0% | ||
| Q3 24 | -0.5% | 14.1% | ||
| Q2 24 | 19.4% | 15.4% | ||
| Q1 24 | 11.1% | 12.3% |
净利率EQHK
| Q4 25 | 6.6% | — | ||
| Q3 25 | -90.3% | 9.5% | ||
| Q2 25 | -14.8% | 9.3% | ||
| Q1 25 | 1.4% | 9.9% | ||
| Q4 24 | 24.8% | 11.7% | ||
| Q3 24 | -4.4% | 11.4% | ||
| Q2 24 | 12.2% | 10.8% | ||
| Q1 24 | 5.1% | 8.3% |
每股收益（稀释后）EQHK
| Q4 25 | $0.69 | — | ||
| Q3 25 | $-4.47 | $0.88 | ||
| Q2 25 | $-1.21 | $0.85 | ||
| Q1 25 | $0.16 | $0.87 | ||
| Q4 24 | $2.72 | $1.05 | ||
| Q3 24 | $-0.47 | $1.05 | ||
| Q2 24 | $1.23 | $1.00 | ||
| Q1 24 | $0.30 | $0.78 |
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 | $12.5B | $240.0M |
| 总债务越低越好 | — | $4.3B |
| 股东权益账面价值 | $-74.0M | $4.2B |
| 总资产 | $318.0B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 1.02× |
8季度趋势，按日历期对齐
现金及短期投资EQHK
| Q4 25 | $12.5B | — | ||
| Q3 25 | $13.6B | $240.0M | ||
| Q2 25 | $15.0B | $354.0M | ||
| Q1 25 | $8.2B | $330.0M | ||
| Q4 24 | $7.0B | $694.0M | ||
| Q3 24 | $9.6B | $569.0M | ||
| Q2 24 | $9.7B | $272.0M | ||
| Q1 24 | $10.4B | $242.0M |
总债务EQHK
| Q4 25 | — | — | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.0B | ||
| Q1 24 | — | $4.4B |
股东权益EQHK
| Q4 25 | $-74.0M | — | ||
| Q3 25 | $148.0M | $4.2B | ||
| Q2 25 | $1.1B | $4.1B | ||
| Q1 25 | $2.4B | $3.9B | ||
| Q4 24 | $1.6B | $3.8B | ||
| Q3 24 | $3.2B | $3.6B | ||
| Q2 24 | $1.6B | $3.3B | ||
| Q1 24 | $2.0B | $3.2B |
总资产EQHK
| Q4 25 | $318.0B | — | ||
| Q3 25 | $314.4B | $15.6B | ||
| Q2 25 | $303.1B | $15.9B | ||
| Q1 25 | $287.4B | $15.5B | ||
| Q4 24 | $295.9B | $15.6B | ||
| Q3 24 | $299.0B | $15.8B | ||
| Q2 24 | $287.8B | $15.3B | ||
| Q1 24 | $285.6B | $15.3B |
负债/权益比EQHK
| Q4 25 | — | — | ||
| Q3 25 | — | 1.02× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | 1.40× | ||
| Q2 24 | — | 1.51× | ||
| Q1 24 | — | 1.40× |
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 | $-154.0M | $503.0M |
| 自由现金流经营现金流 - 资本支出 | — | $359.0M |
| 自由现金流率自由现金流/营收 | — | 11.0% |
| 资本支出强度资本支出/营收 | — | 4.4% |
| 现金转化率经营现金流/净利润 | -0.72× | 1.63× |
| 过去12个月自由现金流最近4个季度 | — | $599.0M |
8季度趋势，按日历期对齐
经营现金流EQHK
| Q4 25 | $-154.0M | — | ||
| Q3 25 | $369.0M | $503.0M | ||
| Q2 25 | $341.0M | $169.0M | ||
| Q1 25 | $158.0M | $116.0M | ||
| Q4 24 | $400.0M | $467.0M | ||
| Q3 24 | $683.0M | $553.0M | ||
| Q2 24 | $892.0M | $376.0M | ||
| Q1 24 | $31.0M | $364.0M |
自由现金流EQHK
| Q4 25 | — | — | ||
| Q3 25 | — | $359.0M | ||
| Q2 25 | — | $21.0M | ||
| Q1 25 | — | $-60.0M | ||
| Q4 24 | — | $279.0M | ||
| Q3 24 | — | $410.0M | ||
| Q2 24 | — | $234.0M | ||
| Q1 24 | — | $209.0M |
自由现金流率EQHK
| Q4 25 | — | — | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | -1.9% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 7.3% | ||
| Q1 24 | — | 6.5% |
资本支出强度EQHK
| Q4 25 | — | — | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 6.0% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 4.8% |
现金转化率EQHK
| Q4 25 | -0.72× | — | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | 2.51× | 0.38× | ||
| Q4 24 | 0.44× | 1.28× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | 2.08× | 1.09× | ||
| Q1 24 | 0.27× | 1.36× |
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
EQH
| Other | $1.5B | 46% |
| Asset Management | $1.2B | 37% |
| Wealth Management | $545.0M | 17% |
K
| Retail Channel Snacks | $2.0B | 62% |
| Retail Channel Cereal | $678.0M | 21% |
| Noodlesand Other | $280.0M | 9% |
| Frozen And Specialty Channels | $275.0M | 8% |
