vs
京东（JD）与克罗格（KR）财务数据对比。点击上方公司名可切换其他公司
京东的季度营收约是克罗格的1.6倍（$53.9B vs $33.9B），京东净利率更高（-0.1% vs -3.9%，领先3.8%），京东同比增速更快（12.2% vs 0.7%），京东自由现金流更多（$2.7B vs $29.0M）
京东是总部位于北京的中国知名电商企业，前身为360buy。2024年营收超1588亿美元，是中国收入规模最大的零售商，位列《财富》世界500强第47位。作为国内两大头部B2C线上零售商之一，与阿里巴巴旗下天猫直接竞争，业务覆盖零售、科技、物流、医疗健康、工业、地产管理等多个领域。
克罗格（Kroger）是总部位于美国俄亥俄州辛辛那提的大型零售企业，作为美国本土知名零售运营商，其业务覆盖全美各地的连锁超市及综合百货门店，为消费者提供生鲜食品、日用杂货等丰富的零售服务。
JD vs KR — 直观对比
营收规模更大
JD
是对方的1.6倍
$33.9B
营收增速更快
JD
高出11.6%
0.7%
净利率更高
JD
高出3.8%
-3.9%
自由现金流更多
JD
多$2.7B
$29.0M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $53.9B | $33.9B |
| 净利润 | $-78.0M | $-1.3B |
| 毛利率 | 14.6% | — |
| 营业利润率 | -1.5% | -4.6% |
| 净利率 | -0.1% | -3.9% |
| 营收同比 | 12.2% | 0.7% |
| 净利润同比 | -105.0% | -313.6% |
| 每股收益（稀释后） | $-0.15 | $-2.02 |
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JDKR
| Q4 25 | $53.9B | $33.9B | ||
| Q3 25 | $42.0B | $33.9B | ||
| Q2 25 | $49.8B | $45.1B | ||
| Q1 25 | $41.5B | $34.3B | ||
| Q4 24 | $48.0B | — | ||
| Q3 24 | $37.1B | — | ||
| Q2 24 | $40.1B | — | ||
| Q1 24 | $33.5B | — |
净利润JDKR
| Q4 25 | $-78.0M | $-1.3B | ||
| Q3 25 | $896.0M | $609.0M | ||
| Q2 25 | $937.0M | $866.0M | ||
| Q1 25 | $1.6B | $634.0M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $855.5M | — |
毛利率JDKR
| Q4 25 | 14.6% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 15.9% | — | ||
| Q1 25 | 15.9% | — | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 17.3% | — | ||
| Q2 24 | 15.8% | — | ||
| Q1 24 | 14.8% | — |
营业利润率JDKR
| Q4 25 | -1.5% | -4.6% | ||
| Q3 25 | -0.4% | 2.5% | ||
| Q2 25 | -0.2% | 2.9% | ||
| Q1 25 | 3.5% | 2.7% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 2.6% | — |
净利率JDKR
| Q4 25 | -0.1% | -3.9% | ||
| Q3 25 | 2.1% | 1.8% | ||
| Q2 25 | 1.9% | 1.9% | ||
| Q1 25 | 3.7% | 1.8% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 2.6% | — |
每股收益（稀释后）JDKR
| Q4 25 | $-0.15 | $-2.02 | ||
| Q3 25 | $0.24 | $0.91 | ||
| Q2 25 | $0.29 | $1.29 | ||
| Q1 25 | $0.50 | $0.90 | ||
| Q4 24 | $0.44 | — | ||
| Q3 24 | $0.55 | — | ||
| Q2 24 | $0.56 | — | ||
| Q1 24 | — | — |
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 | $30.5B | $4.0B |
| 总债务越低越好 | $41.7B | $16.0B |
| 股东权益账面价值 | $32.2B | $7.0B |
| 总资产 | $99.4B | $51.4B |
| 负债/权益比越低杠杆越低 | 1.30× | 2.27× |
8季度趋势，按日历期对齐
现金及短期投资JDKR
| Q4 25 | $30.5B | $4.0B | ||
| Q3 25 | $27.9B | $4.9B | ||
| Q2 25 | $29.9B | $4.7B | ||
| Q1 25 | $26.8B | $4.0B | ||
| Q4 24 | $32.1B | — | ||
| Q3 24 | $27.2B | — | ||
| Q2 24 | $27.8B | — | ||
| Q1 24 | $3.3B | — |
总债务JDKR
| Q4 25 | $41.7B | $16.0B | ||
| Q3 25 | $8.4B | $15.9B | ||
| Q2 25 | $7.9B | $15.9B | ||
| Q1 25 | $7.8B | $15.9B | ||
| Q4 24 | $31.7B | — | ||
| Q3 24 | $7.7B | — | ||
| Q2 24 | $7.8B | — | ||
| Q1 24 | $2.1B | — |
股东权益JDKR
| Q4 25 | $32.2B | $7.0B | ||
| Q3 25 | $42.8B | $9.3B | ||
| Q2 25 | $41.5B | $8.9B | ||
| Q1 25 | $42.5B | $8.3B | ||
| Q4 24 | $32.8B | — | ||
| Q3 24 | $42.2B | — | ||
| Q2 24 | $39.5B | — | ||
| Q1 24 | $5.5B | — |
总资产JDKR
| Q4 25 | $99.4B | $51.4B | ||
| Q3 25 | $100.2B | $53.6B | ||
| Q2 25 | $98.7B | $53.2B | ||
| Q1 25 | $93.4B | $52.6B | ||
| Q4 24 | $95.7B | — | ||
| Q3 24 | $91.7B | — | ||
| Q2 24 | $89.7B | — | ||
| Q1 24 | $11.5B | — |
负债/权益比JDKR
| Q4 25 | 1.30× | 2.27× | ||
| Q3 25 | 0.20× | 1.72× | ||
| Q2 25 | 0.19× | 1.79× | ||
| Q1 25 | 0.18× | 1.92× | ||
| Q4 24 | 0.97× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.20× | — | ||
| Q1 24 | 0.37× | — |
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 | $3.0B | $970.0M |
| 自由现金流经营现金流 - 资本支出 | $2.7B | $29.0M |
| 自由现金流率自由现金流/营收 | 5.0% | 0.1% |
| 资本支出强度资本支出/营收 | 0.5% | 2.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $2.2B | $2.3B |
8季度趋势，按日历期对齐
经营现金流JDKR
| Q4 25 | $3.0B | $970.0M | ||
| Q3 25 | $-1.1B | $1.5B | ||
| Q2 25 | $3.4B | $2.1B | ||
| Q1 25 | $-2.5B | $1.4B | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $-886.0M | — | ||
| Q2 24 | $7.0B | — | ||
| Q1 24 | — | — |
自由现金流JDKR
| Q4 25 | $2.7B | $29.0M | ||
| Q3 25 | $-1.1B | $615.0M | ||
| Q2 25 | $3.3B | $1.1B | ||
| Q1 25 | $-2.6B | $520.0M | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $-1.4B | — | ||
| Q2 24 | $6.8B | — | ||
| Q1 24 | — | — |
自由现金流率JDKR
| Q4 25 | 5.0% | 0.1% | ||
| Q3 25 | -2.7% | 1.8% | ||
| Q2 25 | 6.5% | 2.4% | ||
| Q1 25 | -6.4% | 1.5% | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | -3.7% | — | ||
| Q2 24 | 16.9% | — | ||
| Q1 24 | — | — |
资本支出强度JDKR
| Q4 25 | 0.5% | 2.8% | ||
| Q3 25 | 0.0% | 2.7% | ||
| Q2 25 | 0.3% | 2.3% | ||
| Q1 25 | 0.3% | 2.6% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | — | — |
现金转化率JDKR
| Q4 25 | — | — | ||
| Q3 25 | -1.26× | 2.53× | ||
| Q2 25 | 3.64× | 2.48× | ||
| Q1 25 | -1.62× | 2.21× | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | -0.48× | — | ||
| Q2 24 | 3.73× | — | ||
| Q1 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
JD
| JD Retail | $43.2B | 80% |
| JD Logistics | $9.1B | 17% |
| New Businesses | $2.0B | 4% |
KR
暂无分部数据
