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Equitable Holdings, Inc.（EQH）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
卡夫亨氏的季度营收约是Equitable Holdings, Inc.的1.9倍（$6.4B vs $3.3B），卡夫亨氏净利率更高（10.2% vs 6.6%，领先3.7%），卡夫亨氏同比增速更快（-3.4% vs -9.5%），过去两年Equitable Holdings, Inc.的营收复合增速更高（21.2% vs -0.4%）
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。
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。
EQH vs KHC — 直观对比
营收规模更大
KHC
是对方的1.9倍
$3.3B
营收增速更快
KHC
高出6.1%
-9.5%
净利率更高
KHC
高出3.7%
6.6%
两年增速更快
EQH
近两年复合增速
-0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $6.4B |
| 净利润 | $215.0M | $651.0M |
| 毛利率 | — | 32.6% |
| 营业利润率 | 10.5% | 17.1% |
| 净利率 | 6.6% | 10.2% |
| 营收同比 | -9.5% | -3.4% |
| 净利润同比 | -76.1% | -69.5% |
| 每股收益（稀释后） | $0.69 | $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EQHKHC
| Q4 25 | $3.3B | $6.4B | ||
| Q3 25 | $1.4B | $6.2B | ||
| Q2 25 | $2.4B | $6.4B | ||
| Q1 25 | $4.6B | $6.0B | ||
| Q4 24 | $3.6B | $6.6B | ||
| Q3 24 | $3.1B | $6.4B | ||
| Q2 24 | $3.5B | $6.5B | ||
| Q1 24 | $2.2B | $6.4B |
净利润EQHKHC
| Q4 25 | $215.0M | $651.0M | ||
| Q3 25 | $-1.3B | $615.0M | ||
| Q2 25 | $-349.0M | $-7.8B | ||
| Q1 25 | $63.0M | $712.0M | ||
| Q4 24 | $899.0M | $2.1B | ||
| Q3 24 | $-134.0M | $-290.0M | ||
| Q2 24 | $428.0M | $102.0M | ||
| Q1 24 | $114.0M | $801.0M |
毛利率EQHKHC
| Q4 25 | — | 32.6% | ||
| Q3 25 | — | 31.9% | ||
| Q2 25 | — | 34.4% | ||
| Q1 25 | — | 34.4% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 35.4% | ||
| Q1 24 | — | 35.0% |
营业利润率EQHKHC
| Q4 25 | 10.5% | 17.1% | ||
| Q3 25 | -93.0% | 16.4% | ||
| Q2 25 | -15.4% | -125.5% | ||
| Q1 25 | 3.8% | 19.9% | ||
| Q4 24 | 33.1% | -0.6% | ||
| Q3 24 | -0.5% | -1.6% | ||
| Q2 24 | 19.4% | 8.1% | ||
| Q1 24 | 11.1% | 20.3% |
净利率EQHKHC
| Q4 25 | 6.6% | 10.2% | ||
| Q3 25 | -90.3% | 9.9% | ||
| Q2 25 | -14.8% | -123.2% | ||
| Q1 25 | 1.4% | 11.9% | ||
| Q4 24 | 24.8% | 32.4% | ||
| Q3 24 | -4.4% | -4.5% | ||
| Q2 24 | 12.2% | 1.6% | ||
| Q1 24 | 5.1% | 12.5% |
每股收益（稀释后）EQHKHC
| Q4 25 | $0.69 | $0.56 | ||
| Q3 25 | $-4.47 | $0.52 | ||
| Q2 25 | $-1.21 | $-6.60 | ||
| Q1 25 | $0.16 | $0.59 | ||
| Q4 24 | $2.72 | $1.76 | ||
| Q3 24 | $-0.47 | $-0.24 | ||
| Q2 24 | $1.23 | $0.08 | ||
| Q1 24 | $0.30 | $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 | $12.5B | $2.6B |
| 总债务越低越好 | — | $19.3B |
| 股东权益账面价值 | $-74.0M | $41.7B |
| 总资产 | $318.0B | $81.8B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资EQHKHC
| Q4 25 | $12.5B | $2.6B | ||
| Q3 25 | $13.6B | $3.1B | ||
| Q2 25 | $15.0B | $2.6B | ||
| Q1 25 | $8.2B | $2.8B | ||
| Q4 24 | $7.0B | $1.3B | ||
| Q3 24 | $9.6B | $1.3B | ||
| Q2 24 | $9.7B | $900.0M | ||
| Q1 24 | $10.4B | $1.6B |
总债务EQHKHC
| Q4 25 | — | $19.3B | ||
| Q3 25 | — | $19.3B | ||
| Q2 25 | — | $19.3B | ||
| Q1 25 | — | $20.9B | ||
| Q4 24 | — | $19.2B | ||
| Q3 24 | — | $19.4B | ||
| Q2 24 | — | $19.3B | ||
| Q1 24 | — | $19.9B |
股东权益EQHKHC
| Q4 25 | $-74.0M | $41.7B | ||
| Q3 25 | $148.0M | $41.5B | ||
| Q2 25 | $1.1B | $41.4B | ||
| Q1 25 | $2.4B | $49.5B | ||
| Q4 24 | $1.6B | $49.2B | ||
| Q3 24 | $3.2B | $48.3B | ||
| Q2 24 | $1.6B | $48.9B | ||
| Q1 24 | $2.0B | $49.5B |
总资产EQHKHC
| Q4 25 | $318.0B | $81.8B | ||
| Q3 25 | $314.4B | $81.7B | ||
| Q2 25 | $303.1B | $81.6B | ||
| Q1 25 | $287.4B | $90.3B | ||
| Q4 24 | $295.9B | $88.3B | ||
| Q3 24 | $299.0B | $88.6B | ||
| Q2 24 | $287.8B | $88.8B | ||
| Q1 24 | $285.6B | $90.3B |
负债/权益比EQHKHC
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 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 | $-154.0M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | — | $1.2B |
| 自由现金流率自由现金流/营收 | — | 18.4% |
| 资本支出强度资本支出/营收 | — | 3.2% |
| 现金转化率经营现金流/净利润 | -0.72× | 2.11× |
| 过去12个月自由现金流最近4个季度 | — | $3.7B |
8季度趋势，按日历期对齐
经营现金流EQHKHC
| Q4 25 | $-154.0M | $1.4B | ||
| Q3 25 | $369.0M | $1.2B | ||
| Q2 25 | $341.0M | $1.2B | ||
| Q1 25 | $158.0M | $720.0M | ||
| Q4 24 | $400.0M | $1.4B | ||
| Q3 24 | $683.0M | $1.1B | ||
| Q2 24 | $892.0M | $942.0M | ||
| Q1 24 | $31.0M | $771.0M |
自由现金流EQHKHC
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $986.0M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $482.0M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $849.0M | ||
| Q2 24 | — | $693.0M | ||
| Q1 24 | — | $477.0M |
自由现金流率EQHKHC
| Q4 25 | — | 18.4% | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 16.1% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | 13.3% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | 7.4% |
资本支出强度EQHKHC
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 4.6% |
现金转化率EQHKHC
| Q4 25 | -0.72× | 2.11× | ||
| Q3 25 | — | 1.88× | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.51× | 1.01× | ||
| Q4 24 | 0.44× | 0.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.08× | 9.24× | ||
| Q1 24 | 0.27× | 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
EQH
| Other | $1.5B | 46% |
| Asset Management | $1.2B | 37% |
| Wealth Management | $545.0M | 17% |
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% |
