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Kellanova（K）与NextEra Energy（NEE）财务数据对比。点击上方公司名可切换其他公司
NextEra Energy的季度营收约是Kellanova的1.8倍（$6.0B vs $3.3B），NextEra Energy净利率更高（25.6% vs 9.5%，领先16.1%），NextEra Energy同比增速更快（11.1% vs 0.8%），过去两年NextEra Energy的营收复合增速更高（5.4% vs -9.0%）
Kellanova前身为知名食品企业家乐氏，是玛氏集团旗下的美国跨国食品制造公司，总部位于美国伊利诺伊州芝加哥。2023年10月2日公司正式启用现名，同步拆分北美谷物业务，独立成立WK Kellogg Co。
NextEra Energy是美国能源企业，也是全球市值最高的电力公用事业控股公司，截至2024年10月市值超1700亿美元。2024年营收达248亿美元，在美加两国共有1.67万名员工，当前发电装机容量为73吉瓦，旗下拥有佛罗里达电力照明等多家子公司。
K vs NEE — 直观对比
营收规模更大
NEE
是对方的1.8倍
$3.3B
营收增速更快
NEE
高出10.3%
0.8%
净利率更高
NEE
高出16.1%
9.5%
两年增速更快
NEE
近两年复合增速
-9.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $6.0B |
| 净利润 | $309.0M | $1.5B |
| 毛利率 | 33.3% | — |
| 营业利润率 | 13.9% | 26.4% |
| 净利率 | 9.5% | 25.6% |
| 营收同比 | 0.8% | 11.1% |
| 净利润同比 | -15.8% | 27.6% |
| 每股收益（稀释后） | $0.88 | $0.74 |
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KNEE
| Q4 25 | — | $6.0B | ||
| Q3 25 | $3.3B | $7.4B | ||
| Q2 25 | $3.2B | $6.4B | ||
| Q1 25 | $3.1B | $6.0B | ||
| Q4 24 | $3.1B | $5.4B | ||
| Q3 24 | $3.2B | $6.7B | ||
| Q2 24 | $3.2B | $6.0B | ||
| Q1 24 | $3.2B | $5.4B |
净利润KNEE
| Q4 25 | — | $1.5B | ||
| Q3 25 | $309.0M | $2.4B | ||
| Q2 25 | $299.0M | $2.0B | ||
| Q1 25 | $304.0M | $833.0M | ||
| Q4 24 | $365.0M | $1.2B | ||
| Q3 24 | $367.0M | $1.9B | ||
| Q2 24 | $344.0M | $1.6B | ||
| Q1 24 | $267.0M | $2.3B |
毛利率KNEE
| Q4 25 | — | — | ||
| Q3 25 | 33.3% | — | ||
| Q2 25 | 34.0% | — | ||
| Q1 25 | 34.3% | — | ||
| Q4 24 | 37.7% | — | ||
| Q3 24 | 36.4% | — | ||
| Q2 24 | 36.4% | — | ||
| Q1 24 | 32.2% | — |
营业利润率KNEE
| Q4 25 | — | 26.4% | ||
| Q3 25 | 13.9% | 34.1% | ||
| Q2 25 | 13.7% | 29.9% | ||
| Q1 25 | 13.9% | 37.6% | ||
| Q4 24 | 17.0% | 17.4% | ||
| Q3 24 | 14.1% | 42.6% | ||
| Q2 24 | 15.4% | 27.8% | ||
| Q1 24 | 12.3% | 37.3% |
净利率KNEE
| Q4 25 | — | 25.6% | ||
| Q3 25 | 9.5% | 32.9% | ||
| Q2 25 | 9.3% | 31.7% | ||
| Q1 25 | 9.9% | 13.9% | ||
| Q4 24 | 11.7% | 22.3% | ||
| Q3 24 | 11.4% | 27.6% | ||
| Q2 24 | 10.8% | 27.0% | ||
| Q1 24 | 8.3% | 42.0% |
每股收益（稀释后）KNEE
| Q4 25 | — | $0.74 | ||
| Q3 25 | $0.88 | $1.18 | ||
| Q2 25 | $0.85 | $0.98 | ||
| Q1 25 | $0.87 | $0.40 | ||
| Q4 24 | $1.05 | $0.58 | ||
| Q3 24 | $1.05 | $0.90 | ||
| Q2 24 | $1.00 | $0.79 | ||
| Q1 24 | $0.78 | $1.10 |
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 | $240.0M | $2.8B |
| 总债务越低越好 | $4.3B | — |
| 股东权益账面价值 | $4.2B | $54.6B |
| 总资产 | $15.6B | $212.7B |
| 负债/权益比越低杠杆越低 | 1.02× | — |
8季度趋势，按日历期对齐
现金及短期投资KNEE
| Q4 25 | — | $2.8B | ||
| Q3 25 | $240.0M | $2.4B | ||
| Q2 25 | $354.0M | $1.7B | ||
| Q1 25 | $330.0M | $2.4B | ||
| Q4 24 | $694.0M | $1.5B | ||
| Q3 24 | $569.0M | $2.3B | ||
| Q2 24 | $272.0M | $1.6B | ||
| Q1 24 | $242.0M | $1.6B |
总债务KNEE
| Q4 25 | — | — | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.0B | — | ||
| Q1 24 | $4.4B | — |
股东权益KNEE
| Q4 25 | — | $54.6B | ||
| Q3 25 | $4.2B | $54.2B | ||
| Q2 25 | $4.1B | $50.8B | ||
| Q1 25 | $3.9B | $49.8B | ||
| Q4 24 | $3.8B | $50.1B | ||
| Q3 24 | $3.6B | $50.1B | ||
| Q2 24 | $3.3B | $49.1B | ||
| Q1 24 | $3.2B | $48.6B |
总资产KNEE
| Q4 25 | — | $212.7B | ||
| Q3 25 | $15.6B | $204.4B | ||
| Q2 25 | $15.9B | $198.8B | ||
| Q1 25 | $15.5B | $194.3B | ||
| Q4 24 | $15.6B | $190.1B | ||
| Q3 24 | $15.8B | $186.0B | ||
| Q2 24 | $15.3B | $184.7B | ||
| Q1 24 | $15.3B | $179.9B |
负债/权益比KNEE
| Q4 25 | — | — | ||
| Q3 25 | 1.02× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.28× | — | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 1.51× | — | ||
| Q1 24 | 1.40× | — |
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 | $503.0M | $2.5B |
| 自由现金流经营现金流 - 资本支出 | $359.0M | — |
| 自由现金流率自由现金流/营收 | 11.0% | — |
| 资本支出强度资本支出/营收 | 4.4% | — |
| 现金转化率经营现金流/净利润 | 1.63× | 1.63× |
| 过去12个月自由现金流最近4个季度 | $599.0M | — |
8季度趋势，按日历期对齐
经营现金流KNEE
| Q4 25 | — | $2.5B | ||
| Q3 25 | $503.0M | $4.0B | ||
| Q2 25 | $169.0M | $3.2B | ||
| Q1 25 | $116.0M | $2.8B | ||
| Q4 24 | $467.0M | $2.0B | ||
| Q3 24 | $553.0M | $4.3B | ||
| Q2 24 | $376.0M | $3.9B | ||
| Q1 24 | $364.0M | $3.1B |
自由现金流KNEE
| Q4 25 | — | — | ||
| Q3 25 | $359.0M | — | ||
| Q2 25 | $21.0M | — | ||
| Q1 25 | $-60.0M | — | ||
| Q4 24 | $279.0M | — | ||
| Q3 24 | $410.0M | — | ||
| Q2 24 | $234.0M | — | ||
| Q1 24 | $209.0M | — |
自由现金流率KNEE
| Q4 25 | — | — | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | -1.9% | — | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 12.7% | — | ||
| Q2 24 | 7.3% | — | ||
| Q1 24 | 6.5% | — |
资本支出强度KNEE
| Q4 25 | — | — | ||
| Q3 25 | 4.4% | — | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 4.4% | — | ||
| Q1 24 | 4.8% | — |
现金转化率KNEE
| Q4 25 | — | 1.63× | ||
| Q3 25 | 1.63× | 1.65× | ||
| Q2 25 | 0.57× | 1.57× | ||
| Q1 25 | 0.38× | 3.32× | ||
| Q4 24 | 1.28× | 1.65× | ||
| Q3 24 | 1.51× | 2.31× | ||
| Q2 24 | 1.09× | 2.42× | ||
| Q1 24 | 1.36× | 1.36× |
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
K
| Retail Channel Snacks | $2.0B | 62% |
| Retail Channel Cereal | $678.0M | 21% |
| Noodlesand Other | $280.0M | 9% |
| Frozen And Specialty Channels | $275.0M | 8% |
NEE
| Florida Power Light Company | $4.3B | 71% |
| Other | $1.7B | 29% |
