vs
COMFORT SYSTEMS USA INC（FIX）与Keurig Dr Pepper（KDP）财务数据对比。点击上方公司名可切换其他公司
Keurig Dr Pepper的季度营收约是COMFORT SYSTEMS USA INC的1.5倍（$4.0B vs $2.6B），COMFORT SYSTEMS USA INC净利率更高（12.5% vs 6.8%，领先5.7%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs 9.4%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $184.0M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 0.7%）
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
Keurig Dr Pepper是美国上市的饮品与咖啡机综合企业，2018年由克里格绿山和胡椒博士斯奈普集团合并成立，在马萨诸塞州伯灵顿及得克萨斯州弗里斯科设有双总部，旗下拥有超125款冷热饮品，加拿大区域业务由当地子公司负责运营。
FIX vs KDP — 直观对比
营收规模更大
KDP
是对方的1.5倍
$2.6B
营收增速更快
FIX
高出32.3%
9.4%
净利率更高
FIX
高出5.7%
6.8%
自由现金流更多
FIX
多$218.4M
$184.0M
两年增速更快
FIX
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $4.0B |
| 净利润 | $330.8M | $270.0M |
| 毛利率 | 25.5% | 52.8% |
| 营业利润率 | 16.1% | 19.0% |
| 净利率 | 12.5% | 6.8% |
| 营收同比 | 41.7% | 9.4% |
| 净利润同比 | 126.8% | -47.8% |
| 每股收益（稀释后） | $9.35 | $0.20 |
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FIXKDP
| Q1 26 | — | $4.0B | ||
| Q4 25 | $2.6B | $4.5B | ||
| Q3 25 | $2.5B | $4.3B | ||
| Q2 25 | $2.2B | $4.2B | ||
| Q1 25 | $1.8B | $3.6B | ||
| Q4 24 | $1.9B | $4.1B | ||
| Q3 24 | $1.8B | $3.9B | ||
| Q2 24 | $1.8B | $3.9B |
净利润FIXKDP
| Q1 26 | — | $270.0M | ||
| Q4 25 | $330.8M | $353.0M | ||
| Q3 25 | $291.6M | $662.0M | ||
| Q2 25 | $230.8M | $547.0M | ||
| Q1 25 | $169.3M | $517.0M | ||
| Q4 24 | $145.9M | $-144.0M | ||
| Q3 24 | $146.2M | $616.0M | ||
| Q2 24 | $134.0M | $515.0M |
毛利率FIXKDP
| Q1 26 | — | 52.8% | ||
| Q4 25 | 25.5% | 53.8% | ||
| Q3 25 | 24.8% | 54.3% | ||
| Q2 25 | 23.5% | 54.2% | ||
| Q1 25 | 22.0% | 54.6% | ||
| Q4 24 | 23.2% | 55.9% | ||
| Q3 24 | 21.1% | 55.0% | ||
| Q2 24 | 20.1% | 55.4% |
营业利润率FIXKDP
| Q1 26 | — | 19.0% | ||
| Q4 25 | 16.1% | 19.6% | ||
| Q3 25 | 15.5% | 23.1% | ||
| Q2 25 | 13.8% | 21.6% | ||
| Q1 25 | 11.4% | 22.0% | ||
| Q4 24 | 12.1% | 1.5% | ||
| Q3 24 | 11.2% | 23.2% | ||
| Q2 24 | 10.2% | 22.0% |
净利率FIXKDP
| Q1 26 | — | 6.8% | ||
| Q4 25 | 12.5% | 7.8% | ||
| Q3 25 | 11.9% | 15.4% | ||
| Q2 25 | 10.6% | 13.1% | ||
| Q1 25 | 9.2% | 14.2% | ||
| Q4 24 | 7.8% | -3.5% | ||
| Q3 24 | 8.1% | 15.8% | ||
| Q2 24 | 7.4% | 13.1% |
每股收益（稀释后）FIXKDP
| Q1 26 | — | $0.20 | ||
| Q4 25 | $9.35 | $0.26 | ||
| Q3 25 | $8.25 | $0.49 | ||
| Q2 25 | $6.53 | $0.40 | ||
| Q1 25 | $4.75 | $0.38 | ||
| Q4 24 | $4.08 | $-0.11 | ||
| Q3 24 | $4.09 | $0.45 | ||
| Q2 24 | $3.74 | $0.38 |
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 | $981.9M | $898.0M |
| 总债务越低越好 | $145.2M | — |
| 股东权益账面价值 | $2.4B | $25.3B |
| 总资产 | $6.4B | $73.1B |
| 负债/权益比越低杠杆越低 | 0.06× | — |
8季度趋势，按日历期对齐
现金及短期投资FIXKDP
| Q1 26 | — | $898.0M | ||
| Q4 25 | $981.9M | $1.0B | ||
| Q3 25 | $860.5M | $516.0M | ||
| Q2 25 | $331.7M | $509.0M | ||
| Q1 25 | $204.8M | $653.0M | ||
| Q4 24 | $549.9M | $510.0M | ||
| Q3 24 | $415.6M | $552.0M | ||
| Q2 24 | $199.4M | $438.0M |
总债务FIXKDP
| Q1 26 | — | — | ||
| Q4 25 | $145.2M | — | ||
| Q3 25 | $136.0M | — | ||
| Q2 25 | $73.0M | — | ||
| Q1 25 | $67.8M | — | ||
| Q4 24 | $68.3M | — | ||
| Q3 24 | $62.3M | — | ||
| Q2 24 | $73.4M | — |
股东权益FIXKDP
| Q1 26 | — | $25.3B | ||
| Q4 25 | $2.4B | $25.5B | ||
| Q3 25 | $2.2B | $25.3B | ||
| Q2 25 | $2.0B | $25.0B | ||
| Q1 25 | $1.8B | $24.4B | ||
| Q4 24 | $1.7B | $24.2B | ||
| Q3 24 | $1.6B | $25.0B | ||
| Q2 24 | $1.5B | $24.7B |
总资产FIXKDP
| Q1 26 | — | $73.1B | ||
| Q4 25 | $6.4B | $55.5B | ||
| Q3 25 | $5.8B | $54.6B | ||
| Q2 25 | $5.1B | $54.4B | ||
| Q1 25 | $4.6B | $53.7B | ||
| Q4 24 | $4.7B | $53.4B | ||
| Q3 24 | $4.4B | $52.7B | ||
| Q2 24 | $4.2B | $52.3B |
负债/权益比FIXKDP
| Q1 26 | — | — | ||
| Q4 25 | 0.06× | — | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.05× | — |
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 | $468.5M | $281.0M |
| 自由现金流经营现金流 - 资本支出 | $402.4M | $184.0M |
| 自由现金流率自由现金流/营收 | 15.2% | 4.6% |
| 资本支出强度资本支出/营收 | 2.5% | — |
| 现金转化率经营现金流/净利润 | 1.42× | 1.04× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $1.6B |
8季度趋势，按日历期对齐
经营现金流FIXKDP
| Q1 26 | — | $281.0M | ||
| Q4 25 | $468.5M | $712.0M | ||
| Q3 25 | $553.3M | $639.0M | ||
| Q2 25 | $252.5M | $431.0M | ||
| Q1 25 | $-88.0M | $209.0M | ||
| Q4 24 | $210.5M | $849.0M | ||
| Q3 24 | $302.2M | $628.0M | ||
| Q2 24 | $189.9M | $657.0M |
自由现金流FIXKDP
| Q1 26 | — | $184.0M | ||
| Q4 25 | $402.4M | $564.0M | ||
| Q3 25 | $517.9M | $527.0M | ||
| Q2 25 | $221.2M | $325.0M | ||
| Q1 25 | $-110.2M | $89.0M | ||
| Q4 24 | $169.8M | $684.0M | ||
| Q3 24 | $280.1M | $503.0M | ||
| Q2 24 | $166.5M | $542.0M |
自由现金流率FIXKDP
| Q1 26 | — | 4.6% | ||
| Q4 25 | 15.2% | 12.5% | ||
| Q3 25 | 21.1% | 12.2% | ||
| Q2 25 | 10.2% | 7.8% | ||
| Q1 25 | -6.0% | 2.4% | ||
| Q4 24 | 9.1% | 16.8% | ||
| Q3 24 | 15.5% | 12.9% | ||
| Q2 24 | 9.2% | 13.8% |
资本支出强度FIXKDP
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 3.3% | ||
| Q3 25 | 1.4% | 2.6% | ||
| Q2 25 | 1.4% | 2.5% | ||
| Q1 25 | 1.2% | 3.3% | ||
| Q4 24 | 2.2% | 4.1% | ||
| Q3 24 | 1.2% | 3.2% | ||
| Q2 24 | 1.3% | 2.9% |
现金转化率FIXKDP
| Q1 26 | — | 1.04× | ||
| Q4 25 | 1.42× | 2.02× | ||
| Q3 25 | 1.90× | 0.97× | ||
| Q2 25 | 1.09× | 0.79× | ||
| Q1 25 | -0.52× | 0.40× | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | 2.07× | 1.02× | ||
| Q2 24 | 1.42× | 1.28× |
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
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
KDP
| U.S. Refreshment Beverages | $2.6B | 65% |
| U.S. Coffee | $857.0M | 22% |
| International | $520.0M | 13% |
