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福陆（FLR）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福陆的1.5倍（$6.4B vs $4.2B），卡夫亨氏净利率更高（10.2% vs -37.7%，领先47.9%），福陆同比增速更快（-2.0% vs -3.4%），卡夫亨氏自由现金流更多（$1.2B vs $-378.0M），过去两年福陆的营收复合增速更高（5.7% vs -0.4%）
福陆是总部位于美国得克萨斯州欧文市的工程建设企业，通过旗下子公司提供油气、工业与基础设施、政府项目及电力三大核心领域的服务，是《财富》世界500强中排名最高的上市工程建设企业，总排名位列第265位。
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。
FLR vs KHC — 直观对比
营收规模更大
KHC
是对方的1.5倍
$4.2B
营收增速更快
FLR
高出1.4%
-3.4%
净利率更高
KHC
高出47.9%
-37.7%
自由现金流更多
KHC
多$1.5B
$-378.0M
两年增速更快
FLR
近两年复合增速
-0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $6.4B |
| 净利润 | $-1.6B | $651.0M |
| 毛利率 | 3.2% | 32.6% |
| 营业利润率 | 1.3% | 17.1% |
| 净利率 | -37.7% | 10.2% |
| 营收同比 | -2.0% | -3.4% |
| 净利润同比 | -184.4% | -69.5% |
| 每股收益（稀释后） | $-9.40 | $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FLRKHC
| Q4 25 | $4.2B | $6.4B | ||
| Q3 25 | $3.4B | $6.2B | ||
| Q2 25 | $4.0B | $6.4B | ||
| Q1 25 | $4.0B | $6.0B | ||
| Q4 24 | $4.3B | $6.6B | ||
| Q3 24 | $4.1B | $6.4B | ||
| Q2 24 | $4.2B | $6.5B | ||
| Q1 24 | $3.7B | $6.4B |
净利润FLRKHC
| Q4 25 | $-1.6B | $651.0M | ||
| Q3 25 | $-697.0M | $615.0M | ||
| Q2 25 | $2.5B | $-7.8B | ||
| Q1 25 | $-241.0M | $712.0M | ||
| Q4 24 | $1.9B | $2.1B | ||
| Q3 24 | $54.0M | $-290.0M | ||
| Q2 24 | $169.0M | $102.0M | ||
| Q1 24 | $59.0M | $801.0M |
毛利率FLRKHC
| Q4 25 | 3.2% | 32.6% | ||
| Q3 25 | -13.3% | 31.9% | ||
| Q2 25 | 1.4% | 34.4% | ||
| Q1 25 | 3.5% | 34.4% | ||
| Q4 24 | 4.9% | 34.1% | ||
| Q3 24 | 2.1% | 34.2% | ||
| Q2 24 | 4.2% | 35.4% | ||
| Q1 24 | 2.7% | 35.0% |
营业利润率FLRKHC
| Q4 25 | 1.3% | 17.1% | ||
| Q3 25 | -14.7% | 16.4% | ||
| Q2 25 | -0.7% | -125.5% | ||
| Q1 25 | 2.3% | 19.9% | ||
| Q4 24 | 4.4% | -0.6% | ||
| Q3 24 | 1.2% | -1.6% | ||
| Q2 24 | 4.2% | 8.1% | ||
| Q1 24 | 1.4% | 20.3% |
净利率FLRKHC
| Q4 25 | -37.7% | 10.2% | ||
| Q3 25 | -20.7% | 9.9% | ||
| Q2 25 | 61.8% | -123.2% | ||
| Q1 25 | -6.1% | 11.9% | ||
| Q4 24 | 43.7% | 32.4% | ||
| Q3 24 | 1.3% | -4.5% | ||
| Q2 24 | 4.0% | 1.6% | ||
| Q1 24 | 1.6% | 12.5% |
每股收益（稀释后）FLRKHC
| Q4 25 | $-9.40 | $0.56 | ||
| Q3 25 | $-4.30 | $0.52 | ||
| Q2 25 | $14.81 | $-6.60 | ||
| Q1 25 | $-1.42 | $0.59 | ||
| Q4 24 | $10.68 | $1.76 | ||
| Q3 24 | $0.31 | $-0.24 | ||
| Q2 24 | $0.97 | $0.08 | ||
| Q1 24 | $0.34 | $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 | $2.2B | $2.6B |
| 总债务越低越好 | — | $19.3B |
| 股东权益账面价值 | $3.2B | $41.7B |
| 总资产 | $8.2B | $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FLRKHC
| Q4 25 | $2.2B | $2.6B | ||
| Q3 25 | $2.8B | $3.1B | ||
| Q2 25 | $2.3B | $2.6B | ||
| Q1 25 | $2.5B | $2.8B | ||
| Q4 24 | $3.0B | $1.3B | ||
| Q3 24 | $3.0B | $1.3B | ||
| Q2 24 | $2.7B | $900.0M | ||
| Q1 24 | $2.4B | $1.6B |
总债务FLRKHC
| 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FLRKHC
| Q4 25 | $3.2B | $41.7B | ||
| Q3 25 | $5.2B | $41.5B | ||
| Q2 25 | $5.9B | $41.4B | ||
| Q1 25 | $3.6B | $49.5B | ||
| Q4 24 | $3.9B | $49.2B | ||
| Q3 24 | $2.3B | $48.3B | ||
| Q2 24 | $2.1B | $48.9B | ||
| Q1 24 | $2.0B | $49.5B |
总资产FLRKHC
| Q4 25 | $8.2B | $81.8B | ||
| Q3 25 | $11.5B | $81.7B | ||
| Q2 25 | $11.8B | $81.6B | ||
| Q1 25 | $8.4B | $90.3B | ||
| Q4 24 | $9.1B | $88.3B | ||
| Q3 24 | $7.1B | $88.6B | ||
| Q2 24 | $6.8B | $88.8B | ||
| Q1 24 | $6.7B | $90.3B |
负债/权益比FLRKHC
| 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 | $-366.0M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $-378.0M | $1.2B |
| 自由现金流率自由现金流/营收 | -9.1% | 18.4% |
| 资本支出强度资本支出/营收 | 0.3% | 3.2% |
| 现金转化率经营现金流/净利润 | — | 2.11× |
| 过去12个月自由现金流最近4个季度 | $-437.0M | $3.7B |
8季度趋势，按日历期对齐
经营现金流FLRKHC
| Q4 25 | $-366.0M | $1.4B | ||
| Q3 25 | $286.0M | $1.2B | ||
| Q2 25 | $-21.0M | $1.2B | ||
| Q1 25 | $-286.0M | $720.0M | ||
| Q4 24 | $327.0M | $1.4B | ||
| Q3 24 | $330.0M | $1.1B | ||
| Q2 24 | $282.0M | $942.0M | ||
| Q1 24 | $-111.0M | $771.0M |
自由现金流FLRKHC
| Q4 25 | $-378.0M | $1.2B | ||
| Q3 25 | $273.0M | $986.0M | ||
| Q2 25 | $-35.0M | $1.0B | ||
| Q1 25 | $-297.0M | $482.0M | ||
| Q4 24 | $296.0M | $1.1B | ||
| Q3 24 | $279.0M | $849.0M | ||
| Q2 24 | $234.0M | $693.0M | ||
| Q1 24 | $-145.0M | $477.0M |
自由现金流率FLRKHC
| Q4 25 | -9.1% | 18.4% | ||
| Q3 25 | 8.1% | 15.8% | ||
| Q2 25 | -0.9% | 16.1% | ||
| Q1 25 | -7.5% | 8.0% | ||
| Q4 24 | 6.9% | 17.4% | ||
| Q3 24 | 6.8% | 13.3% | ||
| Q2 24 | 5.5% | 10.7% | ||
| Q1 24 | -3.9% | 7.4% |
资本支出强度FLRKHC
| Q4 25 | 0.3% | 3.2% | ||
| Q3 25 | 0.4% | 2.7% | ||
| Q2 25 | 0.4% | 2.9% | ||
| Q1 25 | 0.3% | 4.0% | ||
| Q4 24 | 0.7% | 3.8% | ||
| Q3 24 | 1.2% | 3.7% | ||
| Q2 24 | 1.1% | 3.8% | ||
| Q1 24 | 0.9% | 4.6% |
现金转化率FLRKHC
| Q4 25 | — | 2.11× | ||
| Q3 25 | — | 1.88× | ||
| Q2 25 | -0.01× | — | ||
| Q1 25 | — | 1.01× | ||
| Q4 24 | 0.18× | 0.65× | ||
| Q3 24 | 6.11× | — | ||
| Q2 24 | 1.67× | 9.24× | ||
| Q1 24 | -1.88× | 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
FLR
| Urban Solutions Segment | $2.6B | 63% |
| Energy Solutions Segment | $943.0M | 23% |
| Mission Solutions Segment | $600.0M | 14% |
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% |
