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Kellanova（K）与新闻集团（NWSA）财务数据对比。点击上方公司名可切换其他公司
Kellanova的季度营收约是新闻集团的1.4倍（$3.3B vs $2.4B），Kellanova净利率更高（9.5% vs 8.2%，领先1.3%），新闻集团同比增速更快（5.5% vs 0.8%），Kellanova自由现金流更多（$359.0M vs $132.0M），过去两年新闻集团的营收复合增速更高（-1.3% 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。
新闻集团是全球知名的媒体集团，旗下拥有报纸、出版、数字媒体等多项媒体业务，在全球传媒领域拥有广泛影响力，专注于为受众提供及时多元的时事资讯与内容服务。
K vs NWSA — 直观对比
营收规模更大
K
是对方的1.4倍
$2.4B
营收增速更快
NWSA
高出4.7%
0.8%
净利率更高
K
高出1.3%
8.2%
自由现金流更多
K
多$227.0M
$132.0M
两年增速更快
NWSA
近两年复合增速
-9.0%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.4B |
| 净利润 | $309.0M | $193.0M |
| 毛利率 | 33.3% | — |
| 营业利润率 | 13.9% | — |
| 净利率 | 9.5% | 8.2% |
| 营收同比 | 0.8% | 5.5% |
| 净利润同比 | -15.8% | -10.2% |
| 每股收益（稀释后） | $0.88 | $0.34 |
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KNWSA
| Q4 25 | — | $2.4B | ||
| Q3 25 | $3.3B | $2.1B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $3.1B | $2.0B | ||
| Q4 24 | $3.1B | $2.2B | ||
| Q3 24 | $3.2B | $2.6B | ||
| Q2 24 | $3.2B | $2.6B | ||
| Q1 24 | $3.2B | $2.4B |
净利润KNWSA
| Q4 25 | — | $193.0M | ||
| Q3 25 | $309.0M | $112.0M | ||
| Q2 25 | $299.0M | $743.0M | ||
| Q1 25 | $304.0M | $103.0M | ||
| Q4 24 | $365.0M | $215.0M | ||
| Q3 24 | $367.0M | $119.0M | ||
| Q2 24 | $344.0M | $50.0M | ||
| Q1 24 | $267.0M | $30.0M |
毛利率KNWSA
| 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KNWSA
| Q4 25 | — | — | ||
| Q3 25 | 13.9% | — | ||
| Q2 25 | 13.7% | 8.5% | ||
| Q1 25 | 13.9% | 7.5% | ||
| Q4 24 | 17.0% | 19.2% | ||
| Q3 24 | 14.1% | 7.9% | ||
| Q2 24 | 15.4% | 4.3% | ||
| Q1 24 | 12.3% | 2.6% |
净利率KNWSA
| Q4 25 | — | 8.2% | ||
| Q3 25 | 9.5% | 5.2% | ||
| Q2 25 | 9.3% | 45.6% | ||
| Q1 25 | 9.9% | 5.1% | ||
| Q4 24 | 11.7% | 9.6% | ||
| Q3 24 | 11.4% | 4.6% | ||
| Q2 24 | 10.8% | 1.9% | ||
| Q1 24 | 8.3% | 1.2% |
每股收益（稀释后）KNWSA
| Q4 25 | — | $0.34 | ||
| Q3 25 | $0.88 | $0.20 | ||
| Q2 25 | $0.85 | $1.30 | ||
| Q1 25 | $0.87 | $0.18 | ||
| Q4 24 | $1.05 | $0.38 | ||
| Q3 24 | $1.05 | $0.21 | ||
| Q2 24 | $1.00 | $0.09 | ||
| Q1 24 | $0.78 | $0.05 |
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 | $2.1B |
| 总债务越低越好 | $4.3B | $2.0B |
| 股东权益账面价值 | $4.2B | $8.8B |
| 总资产 | $15.6B | $15.5B |
| 负债/权益比越低杠杆越低 | 1.02× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资KNWSA
| Q4 25 | — | $2.1B | ||
| Q3 25 | $240.0M | $2.2B | ||
| Q2 25 | $354.0M | $2.4B | ||
| Q1 25 | $330.0M | $2.1B | ||
| Q4 24 | $694.0M | $1.8B | ||
| Q3 24 | $569.0M | $1.8B | ||
| Q2 24 | $272.0M | $2.0B | ||
| Q1 24 | $242.0M | $1.9B |
总债务KNWSA
| Q4 25 | — | $2.0B | ||
| Q3 25 | $4.3B | $2.0B | ||
| Q2 25 | $4.3B | $2.0B | ||
| Q1 25 | $5.0B | $2.0B | ||
| Q4 24 | $5.0B | $2.0B | ||
| Q3 24 | $5.1B | $2.9B | ||
| Q2 24 | $5.0B | $2.9B | ||
| Q1 24 | $4.4B | $2.9B |
股东权益KNWSA
| Q4 25 | — | $8.8B | ||
| Q3 25 | $4.2B | $8.7B | ||
| Q2 25 | $4.1B | $8.8B | ||
| Q1 25 | $3.9B | $8.2B | ||
| Q4 24 | $3.8B | $8.1B | ||
| Q3 24 | $3.6B | $8.3B | ||
| Q2 24 | $3.3B | $8.1B | ||
| Q1 24 | $3.2B | $8.1B |
总资产KNWSA
| Q4 25 | — | $15.5B | ||
| Q3 25 | $15.6B | $15.3B | ||
| Q2 25 | $15.9B | $15.5B | ||
| Q1 25 | $15.5B | $16.6B | ||
| Q4 24 | $15.6B | $16.2B | ||
| Q3 24 | $15.8B | $16.9B | ||
| Q2 24 | $15.3B | $16.7B | ||
| Q1 24 | $15.3B | $16.5B |
负债/权益比KNWSA
| Q4 25 | — | 0.22× | ||
| Q3 25 | 1.02× | 0.22× | ||
| Q2 25 | 1.05× | 0.22× | ||
| Q1 25 | 1.28× | 0.24× | ||
| Q4 24 | 1.32× | 0.24× | ||
| Q3 24 | 1.40× | 0.35× | ||
| Q2 24 | 1.51× | 0.36× | ||
| Q1 24 | 1.40× | 0.36× |
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 | $231.0M |
| 自由现金流经营现金流 - 资本支出 | $359.0M | $132.0M |
| 自由现金流率自由现金流/营收 | 11.0% | 5.6% |
| 资本支出强度资本支出/营收 | 4.4% | 4.2% |
| 现金转化率经营现金流/净利润 | 1.63× | 1.20× |
| 过去12个月自由现金流最近4个季度 | $599.0M | $586.0M |
8季度趋势，按日历期对齐
经营现金流KNWSA
| Q4 25 | — | $231.0M | ||
| Q3 25 | $503.0M | $85.0M | ||
| Q2 25 | $169.0M | $189.0M | ||
| Q1 25 | $116.0M | $511.0M | ||
| Q4 24 | $467.0M | $252.0M | ||
| Q3 24 | $553.0M | $64.0M | ||
| Q2 24 | $376.0M | $254.0M | ||
| Q1 24 | $364.0M | $539.0M |
自由现金流KNWSA
| Q4 25 | — | $132.0M | ||
| Q3 25 | $359.0M | $4.0M | ||
| Q2 25 | $21.0M | $32.0M | ||
| Q1 25 | $-60.0M | $418.0M | ||
| Q4 24 | $279.0M | $190.0M | ||
| Q3 24 | $410.0M | $-31.0M | ||
| Q2 24 | $234.0M | $111.0M | ||
| Q1 24 | $209.0M | $422.0M |
自由现金流率KNWSA
| Q4 25 | — | 5.6% | ||
| Q3 25 | 11.0% | 0.2% | ||
| Q2 25 | 0.7% | 2.0% | ||
| Q1 25 | -1.9% | 20.8% | ||
| Q4 24 | 8.9% | 8.5% | ||
| Q3 24 | 12.7% | -1.2% | ||
| Q2 24 | 7.3% | 4.3% | ||
| Q1 24 | 6.5% | 17.4% |
资本支出强度KNWSA
| Q4 25 | — | 4.2% | ||
| Q3 25 | 4.4% | 3.8% | ||
| Q2 25 | 4.6% | 9.6% | ||
| Q1 25 | 5.7% | 4.6% | ||
| Q4 24 | 6.0% | 2.8% | ||
| Q3 24 | 4.4% | 3.7% | ||
| Q2 24 | 4.4% | 5.5% | ||
| Q1 24 | 4.8% | 4.8% |
现金转化率KNWSA
| Q4 25 | — | 1.20× | ||
| Q3 25 | 1.63× | 0.76× | ||
| Q2 25 | 0.57× | 0.25× | ||
| Q1 25 | 0.38× | 4.96× | ||
| Q4 24 | 1.28× | 1.17× | ||
| Q3 24 | 1.51× | 0.54× | ||
| Q2 24 | 1.09× | 5.08× | ||
| Q1 24 | 1.36× | 17.97× |
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% |
NWSA
| Book Publishing Segment | $633.0M | 27% |
| Consumer | $607.0M | 26% |
| News And Information Services Segment | $570.0M | 24% |
| Real Estate | $401.0M | 17% |
| Other Product Or Service | $173.0M | 7% |
