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Kellanova（K）与西方石油（OXY）财务数据对比。点击上方公司名可切换其他公司
Kellanova的季度营收约是西方石油的2.0倍（$3.3B vs $1.7B），Kellanova净利率更高（9.5% vs 6.9%，领先2.6%），Kellanova同比增速更快（0.8% vs -75.8%），西方石油自由现金流更多（$1.9B vs $359.0M），过去两年Kellanova的营收复合增速更高（-9.0% vs -50.4%）
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。
西方石油是一家美国能源企业，核心业务覆盖美国及中东地区的油气勘探，以及美国、加拿大、智利的石化产品制造。公司注册于特拉华州，总部位于休斯顿，2021年分别位列财富500强第183位、福布斯全球企业2000强第670位。
K vs OXY — 直观对比
营收规模更大
K
是对方的2.0倍
$1.7B
营收增速更快
K
高出76.7%
-75.8%
净利率更高
K
高出2.6%
6.9%
自由现金流更多
OXY
多$1.5B
$359.0M
两年增速更快
K
近两年复合增速
-50.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $1.7B |
| 净利润 | $309.0M | $114.0M |
| 毛利率 | 33.3% | — |
| 营业利润率 | 13.9% | -6.5% |
| 净利率 | 9.5% | 6.9% |
| 营收同比 | 0.8% | -75.8% |
| 净利润同比 | -15.8% | 195.0% |
| 每股收益（稀释后） | $0.88 | $-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KOXY
| Q4 25 | — | $1.7B | ||
| Q3 25 | $3.3B | $6.7B | ||
| Q2 25 | $3.2B | $6.3B | ||
| Q1 25 | $3.1B | $6.9B | ||
| Q4 24 | $3.1B | $6.9B | ||
| Q3 24 | $3.2B | $7.0B | ||
| Q2 24 | $3.2B | $6.8B | ||
| Q1 24 | $3.2B | $6.7B |
净利润KOXY
| Q4 25 | — | $114.0M | ||
| Q3 25 | $309.0M | $842.0M | ||
| Q2 25 | $299.0M | $468.0M | ||
| Q1 25 | $304.0M | $945.0M | ||
| Q4 24 | $365.0M | $-120.0M | ||
| Q3 24 | $367.0M | $1.1B | ||
| Q2 24 | $344.0M | $1.2B | ||
| Q1 24 | $267.0M | $888.0M |
毛利率KOXY
| Q4 25 | — | — | ||
| Q3 25 | 33.3% | 87.8% | ||
| Q2 25 | 34.0% | 86.6% | ||
| Q1 25 | 34.3% | 88.4% | ||
| Q4 24 | 37.7% | 89.0% | ||
| Q3 24 | 36.4% | 88.5% | ||
| Q2 24 | 36.4% | 87.9% | ||
| Q1 24 | 32.2% | 89.0% |
营业利润率KOXY
| Q4 25 | — | -6.5% | ||
| Q3 25 | 13.9% | 17.4% | ||
| Q2 25 | 13.7% | 11.7% | ||
| Q1 25 | 13.9% | 19.3% | ||
| Q4 24 | 17.0% | -2.5% | ||
| Q3 24 | 14.1% | 22.7% | ||
| Q2 24 | 15.4% | 24.0% | ||
| Q1 24 | 12.3% | 15.0% |
净利率KOXY
| Q4 25 | — | 6.9% | ||
| Q3 25 | 9.5% | 12.6% | ||
| Q2 25 | 9.3% | 7.4% | ||
| Q1 25 | 9.9% | 13.7% | ||
| Q4 24 | 11.7% | -1.7% | ||
| Q3 24 | 11.4% | 16.2% | ||
| Q2 24 | 10.8% | 17.2% | ||
| Q1 24 | 8.3% | 13.2% |
每股收益（稀释后）KOXY
| Q4 25 | — | $-0.07 | ||
| Q3 25 | $0.88 | $0.65 | ||
| Q2 25 | $0.85 | $0.26 | ||
| Q1 25 | $0.87 | $0.77 | ||
| Q4 24 | $1.05 | $-0.32 | ||
| Q3 24 | $1.05 | $0.98 | ||
| Q2 24 | $1.00 | $1.03 | ||
| Q1 24 | $0.78 | $0.75 |
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 | $2.0B |
| 总债务越低越好 | $4.3B | $20.6B |
| 股东权益账面价值 | $4.2B | $36.0B |
| 总资产 | $15.6B | $84.2B |
| 负债/权益比越低杠杆越低 | 1.02× | 0.57× |
8季度趋势，按日历期对齐
现金及短期投资KOXY
| Q4 25 | — | $2.0B | ||
| Q3 25 | $240.0M | $2.2B | ||
| Q2 25 | $354.0M | $2.3B | ||
| Q1 25 | $330.0M | $2.6B | ||
| Q4 24 | $694.0M | $2.1B | ||
| Q3 24 | $569.0M | $1.8B | ||
| Q2 24 | $272.0M | $1.8B | ||
| Q1 24 | $242.0M | $1.3B |
总债务KOXY
| Q4 25 | — | $20.6B | ||
| Q3 25 | $4.3B | $20.8B | ||
| Q2 25 | $4.3B | $23.3B | ||
| Q1 25 | $5.0B | $24.0B | ||
| Q4 24 | $5.0B | $25.0B | ||
| Q3 24 | $5.1B | $25.5B | ||
| Q2 24 | $5.0B | $18.4B | ||
| Q1 24 | $4.4B | $18.5B |
股东权益KOXY
| Q4 25 | — | $36.0B | ||
| Q3 25 | $4.2B | $36.3B | ||
| Q2 25 | $4.1B | $35.7B | ||
| Q1 25 | $3.9B | $34.7B | ||
| Q4 24 | $3.8B | $34.2B | ||
| Q3 24 | $3.6B | $34.7B | ||
| Q2 24 | $3.3B | $32.1B | ||
| Q1 24 | $3.2B | $30.8B |
总资产KOXY
| Q4 25 | — | $84.2B | ||
| Q3 25 | $15.6B | $83.5B | ||
| Q2 25 | $15.9B | $84.4B | ||
| Q1 25 | $15.5B | $85.0B | ||
| Q4 24 | $15.6B | $85.4B | ||
| Q3 24 | $15.8B | $85.8B | ||
| Q2 24 | $15.3B | $76.2B | ||
| Q1 24 | $15.3B | $74.3B |
负债/权益比KOXY
| Q4 25 | — | 0.57× | ||
| Q3 25 | 1.02× | 0.57× | ||
| Q2 25 | 1.05× | 0.65× | ||
| Q1 25 | 1.28× | 0.69× | ||
| Q4 24 | 1.32× | 0.73× | ||
| Q3 24 | 1.40× | 0.73× | ||
| Q2 24 | 1.51× | 0.57× | ||
| Q1 24 | 1.40× | 0.60× |
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 | $2.6B |
| 自由现金流经营现金流 - 资本支出 | $359.0M | $1.9B |
| 自由现金流率自由现金流/营收 | 11.0% | 113.4% |
| 资本支出强度资本支出/营收 | 4.4% | 45.4% |
| 现金转化率经营现金流/净利润 | 1.63× | 23.11× |
| 过去12个月自由现金流最近4个季度 | $599.0M | $4.1B |
8季度趋势，按日历期对齐
经营现金流KOXY
| Q4 25 | — | $2.6B | ||
| Q3 25 | $503.0M | $2.8B | ||
| Q2 25 | $169.0M | $3.0B | ||
| Q1 25 | $116.0M | $2.1B | ||
| Q4 24 | $467.0M | $3.4B | ||
| Q3 24 | $553.0M | $3.7B | ||
| Q2 24 | $376.0M | $2.4B | ||
| Q1 24 | $364.0M | $2.0B |
自由现金流KOXY
| Q4 25 | — | $1.9B | ||
| Q3 25 | $359.0M | $1.0B | ||
| Q2 25 | $21.0M | $962.0M | ||
| Q1 25 | $-60.0M | $240.0M | ||
| Q4 24 | $279.0M | $1.6B | ||
| Q3 24 | $410.0M | $2.0B | ||
| Q2 24 | $234.0M | $623.0M | ||
| Q1 24 | $209.0M | $224.0M |
自由现金流率KOXY
| Q4 25 | — | 113.4% | ||
| Q3 25 | 11.0% | 15.3% | ||
| Q2 25 | 0.7% | 15.2% | ||
| Q1 25 | -1.9% | 3.5% | ||
| Q4 24 | 8.9% | 23.0% | ||
| Q3 24 | 12.7% | 28.5% | ||
| Q2 24 | 7.3% | 9.2% | ||
| Q1 24 | 6.5% | 3.3% |
资本支出强度KOXY
| Q4 25 | — | 45.4% | ||
| Q3 25 | 4.4% | 26.5% | ||
| Q2 25 | 4.6% | 31.6% | ||
| Q1 25 | 5.7% | 27.6% | ||
| Q4 24 | 6.0% | 26.0% | ||
| Q3 24 | 4.4% | 24.0% | ||
| Q2 24 | 4.4% | 26.0% | ||
| Q1 24 | 4.8% | 26.5% |
现金转化率KOXY
| Q4 25 | — | 23.11× | ||
| Q3 25 | 1.63× | 3.31× | ||
| Q2 25 | 0.57× | 6.32× | ||
| Q1 25 | 0.38× | 2.27× | ||
| Q4 24 | 1.28× | — | ||
| Q3 24 | 1.51× | 3.23× | ||
| Q2 24 | 1.09× | 2.05× | ||
| Q1 24 | 1.36× | 2.26× |
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% |
OXY
暂无分部数据
