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洲际交易所（ICE）与KOHLS Corp（KSS）财务数据对比。点击上方公司名可切换其他公司
KOHLS Corp的季度营收约是洲际交易所的1.1倍（$3.6B vs $3.1B），洲际交易所净利率更高（27.1% vs 0.2%，领先26.9%），洲际交易所同比增速更快（3.7% vs -3.6%），洲际交易所自由现金流更多（$1.1B vs $16.0M），过去两年洲际交易所的营收复合增速更高（5.9% vs -22.5%）
洲际交易所（ICE）是2000年成立的美国跨国金融服务企业，运营全球金融交易所与清算所，提供抵押技术、数据及上市服务，位列财富500强、标普500及罗素1000指数成分股，旗下拥有金融及大宗商品市场交易所，运营12家受监管的交易场所，业务覆盖美加欧等多地期货市场。
科尔士（Kohl's）是美国知名连锁百货零售商，目前在全美除夏威夷外的各州共开设1174家门店。品牌由波兰移民麦克斯韦·科尔创立，1927年他在威斯康星州密尔沃基开设了一家街角杂货店，在当地发展为成功的连锁品牌后，1962年公司开设首家百货门店，正式进军百货零售领域。
ICE vs KSS — 直观对比
营收规模更大
KSS
是对方的1.1倍
$3.1B
营收增速更快
ICE
高出7.3%
-3.6%
净利率更高
ICE
高出26.9%
0.2%
自由现金流更多
ICE
多$1.1B
$16.0M
两年增速更快
ICE
近两年复合增速
-22.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $3.6B |
| 净利润 | $851.0M | $8.0M |
| 毛利率 | — | 42.4% |
| 营业利润率 | 39.4% | 2.0% |
| 净利率 | 27.1% | 0.2% |
| 营收同比 | 3.7% | -3.6% |
| 净利润同比 | 21.9% | -63.6% |
| 每股收益（稀释后） | $1.49 | $0.07 |
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ICEKSS
| Q4 25 | $3.1B | $3.6B | ||
| Q3 25 | $3.0B | $3.5B | ||
| Q2 25 | $3.3B | $3.2B | ||
| Q1 25 | $3.2B | $5.4B | ||
| Q4 24 | $3.0B | $3.7B | ||
| Q3 24 | $3.0B | $3.7B | ||
| Q2 24 | $2.9B | $3.4B | ||
| Q1 24 | $2.8B | $6.0B |
净利润ICEKSS
| Q4 25 | $851.0M | $8.0M | ||
| Q3 25 | $816.0M | $153.0M | ||
| Q2 25 | $851.0M | $-15.0M | ||
| Q1 25 | $797.0M | $48.0M | ||
| Q4 24 | $698.0M | $22.0M | ||
| Q3 24 | $657.0M | $66.0M | ||
| Q2 24 | $632.0M | $-27.0M | ||
| Q1 24 | $767.0M | $186.0M |
毛利率ICEKSS
| Q4 25 | — | 42.4% | ||
| Q3 25 | — | 43.3% | ||
| Q2 25 | — | 43.3% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 42.4% | ||
| Q3 24 | — | 43.0% | ||
| Q2 24 | — | 43.1% | ||
| Q1 24 | — | 35.2% |
营业利润率ICEKSS
| Q4 25 | 39.4% | 2.0% | ||
| Q3 25 | 39.0% | 7.9% | ||
| Q2 25 | 39.8% | 1.9% | ||
| Q1 25 | 37.8% | 2.3% | ||
| Q4 24 | 35.5% | 2.6% | ||
| Q3 24 | 36.4% | 4.4% | ||
| Q2 24 | 36.8% | 1.3% | ||
| Q1 24 | 38.0% | 5.0% |
净利率ICEKSS
| Q4 25 | 27.1% | 0.2% | ||
| Q3 25 | 27.1% | 4.3% | ||
| Q2 25 | 26.1% | -0.5% | ||
| Q1 25 | 24.7% | 0.9% | ||
| Q4 24 | 23.0% | 0.6% | ||
| Q3 24 | 21.7% | 1.8% | ||
| Q2 24 | 21.8% | -0.8% | ||
| Q1 24 | 27.4% | 3.1% |
每股收益（稀释后）ICEKSS
| Q4 25 | $1.49 | $0.07 | ||
| Q3 25 | $1.42 | $1.35 | ||
| Q2 25 | $1.48 | $-0.13 | ||
| Q1 25 | $1.38 | $0.43 | ||
| Q4 24 | $1.21 | $0.20 | ||
| Q3 24 | $1.14 | $0.59 | ||
| Q2 24 | $1.10 | $-0.24 | ||
| Q1 24 | $1.33 | $1.67 |
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 | $837.0M | $144.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $28.9B | $3.9B |
| 总资产 | $136.9B | $14.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ICEKSS
| Q4 25 | $837.0M | $144.0M | ||
| Q3 25 | $850.0M | $174.0M | ||
| Q2 25 | $1.0B | $153.0M | ||
| Q1 25 | $783.0M | $134.0M | ||
| Q4 24 | $844.0M | $174.0M | ||
| Q3 24 | $755.0M | $231.0M | ||
| Q2 24 | $885.0M | $228.0M | ||
| Q1 24 | $863.0M | $183.0M |
股东权益ICEKSS
| Q4 25 | $28.9B | $3.9B | ||
| Q3 25 | $28.6B | $3.9B | ||
| Q2 25 | $28.4B | $3.8B | ||
| Q1 25 | $28.0B | $3.8B | ||
| Q4 24 | $27.6B | $3.8B | ||
| Q3 24 | $27.2B | $3.8B | ||
| Q2 24 | $26.7B | $3.8B | ||
| Q1 24 | $26.2B | $3.9B |
总资产ICEKSS
| Q4 25 | $136.9B | $14.1B | ||
| Q3 25 | $140.9B | $13.4B | ||
| Q2 25 | $144.2B | $13.6B | ||
| Q1 25 | $142.9B | $13.6B | ||
| Q4 24 | $139.4B | $15.1B | ||
| Q3 24 | $135.2B | $14.2B | ||
| Q2 24 | $137.7B | $14.3B | ||
| Q1 24 | $131.4B | $14.0B |
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 | $1.3B | $124.0M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $16.0M |
| 自由现金流率自由现金流/营收 | 35.3% | 0.4% |
| 资本支出强度资本支出/营收 | 5.3% | 3.0% |
| 现金转化率经营现金流/净利润 | 1.50× | 15.50× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $819.0M |
8季度趋势，按日历期对齐
经营现金流ICEKSS
| Q4 25 | $1.3B | $124.0M | ||
| Q3 25 | $915.0M | $598.0M | ||
| Q2 25 | $1.5B | $-92.0M | ||
| Q1 25 | $966.0M | $596.0M | ||
| Q4 24 | $1.5B | $-195.0M | ||
| Q3 24 | $898.0M | $254.0M | ||
| Q2 24 | $1.2B | $-7.0M | ||
| Q1 24 | $1.0B | $789.0M |
自由现金流ICEKSS
| Q4 25 | $1.1B | $16.0M | ||
| Q3 25 | $853.0M | $508.0M | ||
| Q2 25 | $1.4B | $-202.0M | ||
| Q1 25 | $881.0M | $497.0M | ||
| Q4 24 | $1.3B | $-323.0M | ||
| Q3 24 | $819.0M | $141.0M | ||
| Q2 24 | $1.1B | $-133.0M | ||
| Q1 24 | $951.0M | $707.0M |
自由现金流率ICEKSS
| Q4 25 | 35.3% | 0.4% | ||
| Q3 25 | 28.4% | 14.3% | ||
| Q2 25 | 44.3% | -6.2% | ||
| Q1 25 | 27.3% | 9.2% | ||
| Q4 24 | 43.3% | -8.7% | ||
| Q3 24 | 27.0% | 3.8% | ||
| Q2 24 | 38.7% | -3.9% | ||
| Q1 24 | 34.0% | 11.9% |
资本支出强度ICEKSS
| Q4 25 | 5.3% | 3.0% | ||
| Q3 25 | 2.1% | 2.5% | ||
| Q2 25 | 1.8% | 3.4% | ||
| Q1 25 | 2.6% | 1.8% | ||
| Q4 24 | 6.4% | 3.5% | ||
| Q3 24 | 2.6% | 3.0% | ||
| Q2 24 | 2.6% | 3.7% | ||
| Q1 24 | 2.1% | 1.4% |
现金转化率ICEKSS
| Q4 25 | 1.50× | 15.50× | ||
| Q3 25 | 1.12× | 3.91× | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 1.21× | 12.42× | ||
| Q4 24 | 2.16× | -8.86× | ||
| Q3 24 | 1.37× | 3.85× | ||
| Q2 24 | 1.89× | — | ||
| Q1 24 | 1.32× | 4.24× |
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
ICE
| Other | $1.9B | 60% |
| Fixed Income Data And Analytics | $318.0M | 10% |
| Exchange Data | $266.0M | 8% |
| Origination Technology | $188.0M | 6% |
| Financial Futures And Options | $155.0M | 5% |
| Listings | $125.0M | 4% |
| OT Cand Other Transactions | $97.0M | 3% |
| Closing Solutions | $60.0M | 2% |
| Fixed Income Execution | $29.0M | 1% |
| Product And Service Net Interest Income | $26.0M | 1% |
KSS
| Products | $3.4B | 95% |
| Other | $168.0M | 5% |
| Gift Card | $17.0M | 0% |
