vs
固铂轮胎（GT）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固铂轮胎的1.3倍（$6.4B vs $4.9B），卡夫亨氏净利率更高（10.2% vs 2.1%，领先8.1%），固铂轮胎同比增速更快（-0.6% vs -3.4%），固铂轮胎自由现金流更多（$1.3B vs $1.2B），过去两年固铂轮胎的营收复合增速更高（4.1% vs -0.4%）
固铂轮胎橡胶公司是美国知名轮胎企业，专注于乘用车、卡车替换轮胎的设计、生产、营销与销售，旗下子公司还覆盖中型卡车、摩托车及赛车轮胎业务。公司总部位于俄亥俄州芬德利，在全球拥有60处制造、销售、配送、技术及研发设计基地，旗下还拥有英国雅芳轮胎品牌，生产摩托车等品类的轮胎产品。
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。
GT vs KHC — 直观对比
营收规模更大
KHC
是对方的1.3倍
$4.9B
营收增速更快
GT
高出2.8%
-3.4%
净利率更高
KHC
高出8.1%
2.1%
自由现金流更多
GT
多$164.0M
$1.2B
两年增速更快
GT
近两年复合增速
-0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $6.4B |
| 净利润 | $105.0M | $651.0M |
| 毛利率 | 20.9% | 32.6% |
| 营业利润率 | 3.3% | 17.1% |
| 净利率 | 2.1% | 10.2% |
| 营收同比 | -0.6% | -3.4% |
| 净利润同比 | 43.8% | -69.5% |
| 每股收益（稀释后） | $0.36 | $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GTKHC
| Q4 25 | $4.9B | $6.4B | ||
| Q3 25 | $4.6B | $6.2B | ||
| Q2 25 | $4.5B | $6.4B | ||
| Q1 25 | $4.3B | $6.0B | ||
| Q4 24 | $4.9B | $6.6B | ||
| Q3 24 | $4.8B | $6.4B | ||
| Q2 24 | $4.6B | $6.5B | ||
| Q1 24 | $4.5B | $6.4B |
净利润GTKHC
| Q4 25 | $105.0M | $651.0M | ||
| Q3 25 | $-2.2B | $615.0M | ||
| Q2 25 | $254.0M | $-7.8B | ||
| Q1 25 | $115.0M | $712.0M | ||
| Q4 24 | $73.0M | $2.1B | ||
| Q3 24 | $-37.0M | $-290.0M | ||
| Q2 24 | $79.0M | $102.0M | ||
| Q1 24 | $-69.0M | $801.0M |
毛利率GTKHC
| Q4 25 | 20.9% | 32.6% | ||
| Q3 25 | 18.2% | 31.9% | ||
| Q2 25 | 17.0% | 34.4% | ||
| Q1 25 | 17.4% | 34.4% | ||
| Q4 24 | 19.9% | 34.1% | ||
| Q3 24 | 19.5% | 34.2% | ||
| Q2 24 | 20.6% | 35.4% | ||
| Q1 24 | 18.0% | 35.0% |
营业利润率GTKHC
| Q4 25 | 3.3% | 17.1% | ||
| Q3 25 | -15.8% | 16.4% | ||
| Q2 25 | 6.8% | -125.5% | ||
| Q1 25 | 3.1% | 19.9% | ||
| Q4 24 | 1.5% | -0.6% | ||
| Q3 24 | -0.6% | -1.6% | ||
| Q2 24 | 2.9% | 8.1% | ||
| Q1 24 | -1.1% | 20.3% |
净利率GTKHC
| Q4 25 | 2.1% | 10.2% | ||
| Q3 25 | -47.3% | 9.9% | ||
| Q2 25 | 5.7% | -123.2% | ||
| Q1 25 | 2.7% | 11.9% | ||
| Q4 24 | 1.5% | 32.4% | ||
| Q3 24 | -0.8% | -4.5% | ||
| Q2 24 | 1.7% | 1.6% | ||
| Q1 24 | -1.5% | 12.5% |
每股收益（稀释后）GTKHC
| Q4 25 | $0.36 | $0.56 | ||
| Q3 25 | $-7.62 | $0.52 | ||
| Q2 25 | $0.87 | $-6.60 | ||
| Q1 25 | $0.40 | $0.59 | ||
| Q4 24 | $0.25 | $1.76 | ||
| Q3 24 | $-0.13 | $-0.24 | ||
| Q2 24 | $0.28 | $0.08 | ||
| Q1 24 | $-0.24 | $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 | $801.0M | $2.6B |
| 总债务越低越好 | $5.3B | $19.3B |
| 股东权益账面价值 | $3.2B | $41.7B |
| 总资产 | $18.2B | $81.8B |
| 负债/权益比越低杠杆越低 | 1.65× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资GTKHC
| Q4 25 | $801.0M | $2.6B | ||
| Q3 25 | $810.0M | $3.1B | ||
| Q2 25 | $785.0M | $2.6B | ||
| Q1 25 | $902.0M | $2.8B | ||
| Q4 24 | $810.0M | $1.3B | ||
| Q3 24 | $905.0M | $1.3B | ||
| Q2 24 | $789.0M | $900.0M | ||
| Q1 24 | $893.0M | $1.6B |
总债务GTKHC
| Q4 25 | $5.3B | $19.3B | ||
| Q3 25 | $7.3B | $19.3B | ||
| Q2 25 | $6.6B | $19.3B | ||
| Q1 25 | $7.3B | $20.9B | ||
| Q4 24 | $6.4B | $19.2B | ||
| Q3 24 | $7.4B | $19.4B | ||
| Q2 24 | $6.8B | $19.3B | ||
| Q1 24 | $7.5B | $19.9B |
股东权益GTKHC
| Q4 25 | $3.2B | $41.7B | ||
| Q3 25 | $3.0B | $41.5B | ||
| Q2 25 | $5.1B | $41.4B | ||
| Q1 25 | $4.9B | $49.5B | ||
| Q4 24 | $4.7B | $49.2B | ||
| Q3 24 | $4.7B | $48.3B | ||
| Q2 24 | $4.7B | $48.9B | ||
| Q1 24 | $4.6B | $49.5B |
总资产GTKHC
| Q4 25 | $18.2B | $81.8B | ||
| Q3 25 | $20.2B | $81.7B | ||
| Q2 25 | $22.3B | $81.6B | ||
| Q1 25 | $21.7B | $90.3B | ||
| Q4 24 | $20.9B | $88.3B | ||
| Q3 24 | $22.5B | $88.6B | ||
| Q2 24 | $22.0B | $88.8B | ||
| Q1 24 | $22.0B | $90.3B |
负债/权益比GTKHC
| Q4 25 | 1.65× | 0.46× | ||
| Q3 25 | 2.42× | 0.47× | ||
| Q2 25 | 1.28× | 0.47× | ||
| Q1 25 | 1.48× | 0.42× | ||
| Q4 24 | 1.37× | 0.39× | ||
| Q3 24 | 1.57× | 0.40× | ||
| Q2 24 | 1.45× | 0.39× | ||
| Q1 24 | 1.61× | 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 | $1.5B | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $1.2B |
| 自由现金流率自由现金流/营收 | 27.2% | 18.4% |
| 资本支出强度资本支出/营收 | 3.6% | 3.2% |
| 现金转化率经营现金流/净利润 | 14.40× | 2.11× |
| 过去12个月自由现金流最近4个季度 | $-30.0M | $3.7B |
8季度趋势，按日历期对齐
经营现金流GTKHC
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $2.0M | $1.2B | ||
| Q2 25 | $-180.0M | $1.2B | ||
| Q1 25 | $-538.0M | $720.0M | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $-73.0M | $1.1B | ||
| Q2 24 | $-67.0M | $942.0M | ||
| Q1 24 | $-451.0M | $771.0M |
自由现金流GTKHC
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $-181.0M | $986.0M | ||
| Q2 25 | $-387.0M | $1.0B | ||
| Q1 25 | $-797.0M | $482.0M | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $-351.0M | $849.0M | ||
| Q2 24 | $-383.0M | $693.0M | ||
| Q1 24 | $-769.0M | $477.0M |
自由现金流率GTKHC
| Q4 25 | 27.2% | 18.4% | ||
| Q3 25 | -3.9% | 15.8% | ||
| Q2 25 | -8.7% | 16.1% | ||
| Q1 25 | -18.7% | 8.0% | ||
| Q4 24 | 20.5% | 17.4% | ||
| Q3 24 | -7.3% | 13.3% | ||
| Q2 24 | -8.4% | 10.7% | ||
| Q1 24 | -16.9% | 7.4% |
资本支出强度GTKHC
| Q4 25 | 3.6% | 3.2% | ||
| Q3 25 | 3.9% | 2.7% | ||
| Q2 25 | 4.6% | 2.9% | ||
| Q1 25 | 6.1% | 4.0% | ||
| Q4 24 | 5.6% | 3.8% | ||
| Q3 24 | 5.8% | 3.7% | ||
| Q2 24 | 6.9% | 3.8% | ||
| Q1 24 | 7.0% | 4.6% |
现金转化率GTKHC
| Q4 25 | 14.40× | 2.11× | ||
| Q3 25 | — | 1.88× | ||
| Q2 25 | -0.71× | — | ||
| Q1 25 | -4.68× | 1.01× | ||
| Q4 24 | 17.66× | 0.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.85× | 9.24× | ||
| Q1 24 | — | 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
GT
| Tire Unit Sales | $2.4B | 50% |
| Other | $2.3B | 46% |
| Other Tireand Related Sales | $192.0M | 4% |
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% |
