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Kellanova（K）与Ross Stores（ROST）财务数据对比。点击上方公司名可切换其他公司
Ross Stores的季度营收约是Kellanova的1.7倍（$5.6B vs $3.3B），Kellanova净利率更高（9.5% vs 9.1%，领先0.3%），Ross Stores同比增速更快（10.4% vs 0.8%），Ross Stores自由现金流更多（$617.8M vs $359.0M），过去两年Ross Stores的营收复合增速更高（-3.6% 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。
Ross Stores, Inc.是美国知名折扣百货连锁集团，旗下核心品牌为Ross Dress for Less，总部位于加利福尼亚州都柏林，是美国规模最大的平价零售商。截至2024年7月，集团在全美43个州、华盛顿特区、波多黎各及关岛共运营1795家门店，暂未覆盖新英格兰地区及阿拉斯加，另拥有门店数超353家的折扣零售品牌DD's Discounts。
K vs ROST — 直观对比
营收规模更大
ROST
是对方的1.7倍
$3.3B
营收增速更快
ROST
高出9.6%
0.8%
净利率更高
K
高出0.3%
9.1%
自由现金流更多
ROST
多$258.8M
$359.0M
两年增速更快
ROST
近两年复合增速
-9.0%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $5.6B |
| 净利润 | $309.0M | $511.9M |
| 毛利率 | 33.3% | 28.0% |
| 营业利润率 | 13.9% | 11.6% |
| 净利率 | 9.5% | 9.1% |
| 营收同比 | 0.8% | 10.4% |
| 净利润同比 | -15.8% | 4.7% |
| 每股收益（稀释后） | $0.88 | $1.58 |
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KROST
| Q4 25 | — | $5.6B | ||
| Q3 25 | $3.3B | $5.5B | ||
| Q2 25 | $3.2B | $5.0B | ||
| Q1 25 | $3.1B | $5.9B | ||
| Q4 24 | $3.1B | $5.1B | ||
| Q3 24 | $3.2B | $5.3B | ||
| Q2 24 | $3.2B | $4.9B | ||
| Q1 24 | $3.2B | $6.0B |
净利润KROST
| Q4 25 | — | $511.9M | ||
| Q3 25 | $309.0M | $508.0M | ||
| Q2 25 | $299.0M | $479.2M | ||
| Q1 25 | $304.0M | $586.8M | ||
| Q4 24 | $365.0M | $488.8M | ||
| Q3 24 | $367.0M | $527.1M | ||
| Q2 24 | $344.0M | $488.0M | ||
| Q1 24 | $267.0M | $609.7M |
毛利率KROST
| Q4 25 | — | 28.0% | ||
| Q3 25 | 33.3% | 27.6% | ||
| Q2 25 | 34.0% | 28.2% | ||
| Q1 25 | 34.3% | 26.5% | ||
| Q4 24 | 37.7% | 28.3% | ||
| Q3 24 | 36.4% | 28.3% | ||
| Q2 24 | 36.4% | 28.1% | ||
| Q1 24 | 32.2% | 27.3% |
营业利润率KROST
| Q4 25 | — | 11.6% | ||
| Q3 25 | 13.9% | 11.5% | ||
| Q2 25 | 13.7% | 12.2% | ||
| Q1 25 | 13.9% | 12.4% | ||
| Q4 24 | 17.0% | 11.9% | ||
| Q3 24 | 14.1% | 12.5% | ||
| Q2 24 | 15.4% | 12.2% | ||
| Q1 24 | 12.3% | 13.2% |
净利率KROST
| Q4 25 | — | 9.1% | ||
| Q3 25 | 9.5% | 9.2% | ||
| Q2 25 | 9.3% | 9.6% | ||
| Q1 25 | 9.9% | 9.9% | ||
| Q4 24 | 11.7% | 9.6% | ||
| Q3 24 | 11.4% | 10.0% | ||
| Q2 24 | 10.8% | 10.0% | ||
| Q1 24 | 8.3% | 10.1% |
每股收益（稀释后）KROST
| Q4 25 | — | $1.58 | ||
| Q3 25 | $0.88 | $1.56 | ||
| Q2 25 | $0.85 | $1.47 | ||
| Q1 25 | $0.87 | $1.79 | ||
| Q4 24 | $1.05 | $1.48 | ||
| Q3 24 | $1.05 | $1.59 | ||
| Q2 24 | $1.00 | $1.46 | ||
| Q1 24 | $0.78 | $1.82 |
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 | $4.1B |
| 总债务越低越好 | $4.3B | $1.5B |
| 股东权益账面价值 | $4.2B | $5.9B |
| 总资产 | $15.6B | $15.4B |
| 负债/权益比越低杠杆越低 | 1.02× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资KROST
| Q4 25 | — | $4.1B | ||
| Q3 25 | $240.0M | $3.8B | ||
| Q2 25 | $354.0M | $3.8B | ||
| Q1 25 | $330.0M | $4.7B | ||
| Q4 24 | $694.0M | $4.3B | ||
| Q3 24 | $569.0M | $4.7B | ||
| Q2 24 | $272.0M | $4.7B | ||
| Q1 24 | $242.0M | $4.9B |
总债务KROST
| Q4 25 | — | $1.5B | ||
| Q3 25 | $4.3B | $1.5B | ||
| Q2 25 | $4.3B | $1.5B | ||
| Q1 25 | $5.0B | $2.2B | ||
| Q4 24 | $5.0B | $2.2B | ||
| Q3 24 | $5.1B | $2.5B | ||
| Q2 24 | $5.0B | $2.5B | ||
| Q1 24 | $4.4B | $2.5B |
股东权益KROST
| Q4 25 | — | $5.9B | ||
| Q3 25 | $4.2B | $5.7B | ||
| Q2 25 | $4.1B | $5.6B | ||
| Q1 25 | $3.9B | $5.5B | ||
| Q4 24 | $3.8B | $5.3B | ||
| Q3 24 | $3.6B | $5.1B | ||
| Q2 24 | $3.3B | $4.9B | ||
| Q1 24 | $3.2B | $4.9B |
总资产KROST
| Q4 25 | — | $15.4B | ||
| Q3 25 | $15.6B | $14.5B | ||
| Q2 25 | $15.9B | $14.3B | ||
| Q1 25 | $15.5B | $14.9B | ||
| Q4 24 | $15.6B | $14.9B | ||
| Q3 24 | $15.8B | $14.7B | ||
| Q2 24 | $15.3B | $14.5B | ||
| Q1 24 | $15.3B | $14.3B |
负债/权益比KROST
| Q4 25 | — | 0.26× | ||
| Q3 25 | 1.02× | 0.26× | ||
| Q2 25 | 1.05× | 0.27× | ||
| Q1 25 | 1.28× | 0.40× | ||
| Q4 24 | 1.32× | 0.42× | ||
| Q3 24 | 1.40× | 0.48× | ||
| Q2 24 | 1.51× | 0.50× | ||
| Q1 24 | 1.40× | 0.51× |
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 | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $359.0M | $617.8M |
| 自由现金流率自由现金流/营收 | 11.0% | 11.0% |
| 资本支出强度资本支出/营收 | 4.4% | 3.7% |
| 现金转化率经营现金流/净利润 | 1.63× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $599.0M | $2.0B |
8季度趋势，按日历期对齐
经营现金流KROST
| Q4 25 | — | $827.1M | ||
| Q3 25 | $503.0M | $668.4M | ||
| Q2 25 | $169.0M | $409.7M | ||
| Q1 25 | $116.0M | $882.6M | ||
| Q4 24 | $467.0M | $513.4M | ||
| Q3 24 | $553.0M | $592.1M | ||
| Q2 24 | $376.0M | $368.9M | ||
| Q1 24 | $364.0M | $948.8M |
自由现金流KROST
| Q4 25 | — | $617.8M | ||
| Q3 25 | $359.0M | $466.6M | ||
| Q2 25 | $21.0M | $202.3M | ||
| Q1 25 | $-60.0M | $676.6M | ||
| Q4 24 | $279.0M | $333.0M | ||
| Q3 24 | $410.0M | $394.6M | ||
| Q2 24 | $234.0M | $232.7M | ||
| Q1 24 | $209.0M | $726.4M |
自由现金流率KROST
| Q4 25 | — | 11.0% | ||
| Q3 25 | 11.0% | 8.4% | ||
| Q2 25 | 0.7% | 4.1% | ||
| Q1 25 | -1.9% | 11.4% | ||
| Q4 24 | 8.9% | 6.6% | ||
| Q3 24 | 12.7% | 7.5% | ||
| Q2 24 | 7.3% | 4.8% | ||
| Q1 24 | 6.5% | 12.1% |
资本支出强度KROST
| Q4 25 | — | 3.7% | ||
| Q3 25 | 4.4% | 3.6% | ||
| Q2 25 | 4.6% | 4.2% | ||
| Q1 25 | 5.7% | 3.5% | ||
| Q4 24 | 6.0% | 3.6% | ||
| Q3 24 | 4.4% | 3.7% | ||
| Q2 24 | 4.4% | 2.8% | ||
| Q1 24 | 4.8% | 3.7% |
现金转化率KROST
| Q4 25 | — | 1.62× | ||
| Q3 25 | 1.63× | 1.32× | ||
| Q2 25 | 0.57× | 0.85× | ||
| Q1 25 | 0.38× | 1.50× | ||
| Q4 24 | 1.28× | 1.05× | ||
| Q3 24 | 1.51× | 1.12× | ||
| Q2 24 | 1.09× | 0.76× | ||
| Q1 24 | 1.36× | 1.56× |
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% |
ROST
暂无分部数据
