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Kellanova（K）与Roper Technologies（ROP）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Roper Technologies的1.6倍（$3.3B vs $2.1B），Roper Technologies净利率更高（15.8% vs 9.5%，领先6.3%），Roper Technologies同比增速更快（11.3% vs 0.8%），Roper Technologies自由现金流更多（$507.0M vs $359.0M），过去两年Roper Technologies的营收复合增速更高（10.5% 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。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
K vs ROP — 直观对比
营收规模更大
K
是对方的1.6倍
$2.1B
营收增速更快
ROP
高出10.5%
0.8%
净利率更高
ROP
高出6.3%
9.5%
自由现金流更多
ROP
多$148.0M
$359.0M
两年增速更快
ROP
近两年复合增速
-9.0%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.1B |
| 净利润 | $309.0M | $331.0M |
| 毛利率 | 33.3% | 69.4% |
| 营业利润率 | 13.9% | 27.2% |
| 净利率 | 9.5% | 15.8% |
| 营收同比 | 0.8% | 11.3% |
| 净利润同比 | -15.8% | 842.6% |
| 每股收益（稀释后） | $0.88 | $4.87 |
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KROP
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | $3.3B | $2.0B | ||
| Q2 25 | $3.2B | $1.9B | ||
| Q1 25 | $3.1B | $1.9B | ||
| Q4 24 | $3.1B | $1.9B | ||
| Q3 24 | $3.2B | $1.8B | ||
| Q2 24 | $3.2B | $1.7B |
净利润KROP
| Q1 26 | — | $331.0M | ||
| Q4 25 | — | $428.4M | ||
| Q3 25 | $309.0M | $398.5M | ||
| Q2 25 | $299.0M | $378.3M | ||
| Q1 25 | $304.0M | $331.1M | ||
| Q4 24 | $365.0M | $462.3M | ||
| Q3 24 | $367.0M | $367.9M | ||
| Q2 24 | $344.0M | $337.1M |
毛利率KROP
| Q1 26 | — | 69.4% | ||
| Q4 25 | — | 69.5% | ||
| Q3 25 | 33.3% | 69.5% | ||
| Q2 25 | 34.0% | 69.2% | ||
| Q1 25 | 34.3% | 68.7% | ||
| Q4 24 | 37.7% | 68.3% | ||
| Q3 24 | 36.4% | 69.2% | ||
| Q2 24 | 36.4% | 69.5% |
营业利润率KROP
| Q1 26 | — | 27.2% | ||
| Q4 25 | — | 28.6% | ||
| Q3 25 | 13.9% | 28.4% | ||
| Q2 25 | 13.7% | 28.2% | ||
| Q1 25 | 13.9% | 27.9% | ||
| Q4 24 | 17.0% | 28.0% | ||
| Q3 24 | 14.1% | 28.1% | ||
| Q2 24 | 15.4% | 28.8% |
净利率KROP
| Q1 26 | — | 15.8% | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | 9.5% | 19.8% | ||
| Q2 25 | 9.3% | 19.5% | ||
| Q1 25 | 9.9% | 17.6% | ||
| Q4 24 | 11.7% | 24.6% | ||
| Q3 24 | 11.4% | 20.8% | ||
| Q2 24 | 10.8% | 19.6% |
每股收益（稀释后）KROP
| Q1 26 | — | $4.87 | ||
| Q4 25 | — | $3.97 | ||
| Q3 25 | $0.88 | $3.68 | ||
| Q2 25 | $0.85 | $3.49 | ||
| Q1 25 | $0.87 | $3.06 | ||
| Q4 24 | $1.05 | $4.29 | ||
| Q3 24 | $1.05 | $3.40 | ||
| Q2 24 | $1.00 | $3.12 |
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 | $382.9M |
| 总债务越低越好 | $4.3B | $9.7B |
| 股东权益账面价值 | $4.2B | $18.8B |
| 总资产 | $15.6B | $34.6B |
| 负债/权益比越低杠杆越低 | 1.02× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资KROP
| Q1 26 | — | $382.9M | ||
| Q4 25 | — | $297.4M | ||
| Q3 25 | $240.0M | $320.0M | ||
| Q2 25 | $354.0M | $242.4M | ||
| Q1 25 | $330.0M | $372.8M | ||
| Q4 24 | $694.0M | $188.2M | ||
| Q3 24 | $569.0M | $269.6M | ||
| Q2 24 | $272.0M | $251.5M |
总债务KROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | — | $9.3B | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | $5.0B | $7.6B | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.0B | — |
股东权益KROP
| Q1 26 | — | $18.8B | ||
| Q4 25 | — | $19.9B | ||
| Q3 25 | $4.2B | $20.0B | ||
| Q2 25 | $4.1B | $19.6B | ||
| Q1 25 | $3.9B | $19.2B | ||
| Q4 24 | $3.8B | $18.9B | ||
| Q3 24 | $3.6B | $18.5B | ||
| Q2 24 | $3.3B | $18.1B |
总资产KROP
| Q1 26 | — | $34.6B | ||
| Q4 25 | — | $34.6B | ||
| Q3 25 | $15.6B | $34.6B | ||
| Q2 25 | $15.9B | $33.2B | ||
| Q1 25 | $15.5B | $31.4B | ||
| Q4 24 | $15.6B | $31.3B | ||
| Q3 24 | $15.8B | $31.6B | ||
| Q2 24 | $15.3B | $29.8B |
负债/权益比KROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | 1.02× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.28× | — | ||
| Q4 24 | 1.32× | 0.40× | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 1.51× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $359.0M | $507.0M |
| 自由现金流率自由现金流/营收 | 11.0% | 24.2% |
| 资本支出强度资本支出/营收 | 4.4% | 0.5% |
| 现金转化率经营现金流/净利润 | 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KROP
| Q1 26 | — | — | ||
| Q4 25 | — | $738.0M | ||
| Q3 25 | $503.0M | $869.5M | ||
| Q2 25 | $169.0M | $404.1M | ||
| Q1 25 | $116.0M | $528.7M | ||
| Q4 24 | $467.0M | $722.2M | ||
| Q3 24 | $553.0M | $755.4M | ||
| Q2 24 | $376.0M | $384.1M |
自由现金流KROP
| Q1 26 | — | $507.0M | ||
| 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 | — |
自由现金流率KROP
| Q1 26 | — | 24.2% | ||
| 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% | — |
资本支出强度KROP
| Q1 26 | — | 0.5% | ||
| 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% | — |
现金转化率KROP
| Q1 26 | — | — | ||
| Q4 25 | — | 1.72× | ||
| Q3 25 | 1.63× | 2.18× | ||
| Q2 25 | 0.57× | 1.07× | ||
| Q1 25 | 0.38× | 1.60× | ||
| Q4 24 | 1.28× | 1.56× | ||
| Q3 24 | 1.51× | 2.05× | ||
| Q2 24 | 1.09× | 1.14× |
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% |
ROP
暂无分部数据
