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Keurig Dr Pepper（KDP）与金佰利（KMB）财务数据对比。点击上方公司名可切换其他公司
金佰利的季度营收约是Keurig Dr Pepper的1.0倍（$4.2B vs $4.0B），金佰利净利率更高（16.2% vs 6.8%，领先9.4%），Keurig Dr Pepper同比增速更快（9.4% vs 2.7%），过去两年Keurig Dr Pepper的营收复合增速更高（0.7% vs -9.0%）
Keurig Dr Pepper是美国上市的饮品与咖啡机综合企业，2018年由克里格绿山和胡椒博士斯奈普集团合并成立，在马萨诸塞州伯灵顿及得克萨斯州弗里斯科设有双总部，旗下拥有超125款冷热饮品，加拿大区域业务由当地子公司负责运营。
金佰利是源自美国的跨国消费品及个人护理集团，主打纸质类消费品，同时生产卫生用纸制品、外科及医疗器具。旗下拥有舒洁面巾纸、高洁丝女性护理产品、好奇纸尿裤及婴儿湿巾、Scott卫生纸等知名品牌，产品销往全球多个国家和地区。
KDP vs KMB — 直观对比
营收规模更大
KMB
是对方的1.0倍
$4.0B
营收增速更快
KDP
高出6.7%
2.7%
净利率更高
KMB
高出9.4%
6.8%
两年增速更快
KDP
近两年复合增速
-9.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $4.2B |
| 净利润 | $270.0M | $675.0M |
| 毛利率 | 52.8% | 36.8% |
| 营业利润率 | 19.0% | 18.1% |
| 净利率 | 6.8% | 16.2% |
| 营收同比 | 9.4% | 2.7% |
| 净利润同比 | -47.8% | 17.8% |
| 每股收益（稀释后） | $0.20 | $2.00 |
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KDPKMB
| Q1 26 | $4.0B | $4.2B | ||
| Q4 25 | $4.5B | $3.3B | ||
| Q3 25 | $4.3B | $4.2B | ||
| Q2 25 | $4.2B | $4.2B | ||
| Q1 25 | $3.6B | $4.8B | ||
| Q4 24 | $4.1B | $4.9B | ||
| Q3 24 | $3.9B | $5.0B | ||
| Q2 24 | $3.9B | $5.0B |
净利润KDPKMB
| Q1 26 | $270.0M | $675.0M | ||
| Q4 25 | $353.0M | $499.0M | ||
| Q3 25 | $662.0M | $446.0M | ||
| Q2 25 | $547.0M | $509.0M | ||
| Q1 25 | $517.0M | $567.0M | ||
| Q4 24 | $-144.0M | $447.0M | ||
| Q3 24 | $616.0M | $907.0M | ||
| Q2 24 | $515.0M | $544.0M |
毛利率KDPKMB
| Q1 26 | 52.8% | 36.8% | ||
| Q4 25 | 53.8% | 37.7% | ||
| Q3 25 | 54.3% | 36.0% | ||
| Q2 25 | 54.2% | 35.0% | ||
| Q1 25 | 54.6% | 35.8% | ||
| Q4 24 | 55.9% | 34.0% | ||
| Q3 24 | 55.0% | 36.0% | ||
| Q2 24 | 55.4% | 36.0% |
营业利润率KDPKMB
| Q1 26 | 19.0% | 18.1% | ||
| Q4 25 | 19.6% | 11.2% | ||
| Q3 25 | 23.1% | 15.0% | ||
| Q2 25 | 21.6% | 14.2% | ||
| Q1 25 | 22.0% | 15.9% | ||
| Q4 24 | 1.5% | 11.1% | ||
| Q3 24 | 23.2% | 23.3% | ||
| Q2 24 | 22.0% | 13.0% |
净利率KDPKMB
| Q1 26 | 6.8% | 16.2% | ||
| Q4 25 | 7.8% | 15.1% | ||
| Q3 25 | 15.4% | 10.7% | ||
| Q2 25 | 13.1% | 12.2% | ||
| Q1 25 | 14.2% | 11.7% | ||
| Q4 24 | -3.5% | 9.1% | ||
| Q3 24 | 15.8% | 18.3% | ||
| Q2 24 | 13.1% | 10.8% |
每股收益（稀释后）KDPKMB
| Q1 26 | $0.20 | $2.00 | ||
| Q4 25 | $0.26 | $1.50 | ||
| Q3 25 | $0.49 | $1.34 | ||
| Q2 25 | $0.40 | $1.53 | ||
| Q1 25 | $0.38 | $1.70 | ||
| Q4 24 | $-0.11 | $1.34 | ||
| Q3 24 | $0.45 | $2.69 | ||
| Q2 24 | $0.38 | $1.61 |
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 | $898.0M | $542.0K |
| 总债务越低越好 | — | $6.5M |
| 股东权益账面价值 | $25.3B | $1.9M |
| 总资产 | $73.1B | $17.2M |
| 负债/权益比越低杠杆越低 | — | 3.38× |
8季度趋势，按日历期对齐
现金及短期投资KDPKMB
| Q1 26 | $898.0M | $542.0K | ||
| Q4 25 | $1.0B | $688.0M | ||
| Q3 25 | $516.0M | $617.0M | ||
| Q2 25 | $509.0M | $634.0M | ||
| Q1 25 | $653.0M | $563.0M | ||
| Q4 24 | $510.0M | $1.0B | ||
| Q3 24 | $552.0M | $1.1B | ||
| Q2 24 | $438.0M | $1.2B |
总债务KDPKMB
| Q1 26 | — | $6.5M | ||
| Q4 25 | — | $6.5B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $6.5B | ||
| Q1 25 | — | $6.5B | ||
| Q4 24 | — | $6.9B | ||
| Q3 24 | — | $6.9B | ||
| Q2 24 | — | $7.2B |
股东权益KDPKMB
| Q1 26 | $25.3B | $1.9M | ||
| Q4 25 | $25.5B | $1.5B | ||
| Q3 25 | $25.3B | $1.3B | ||
| Q2 25 | $25.0B | $1.3B | ||
| Q1 25 | $24.4B | $1.1B | ||
| Q4 24 | $24.2B | $840.0M | ||
| Q3 24 | $25.0B | $1.3B | ||
| Q2 24 | $24.7B | $1.1B |
总资产KDPKMB
| Q1 26 | $73.1B | $17.2M | ||
| Q4 25 | $55.5B | $17.1B | ||
| Q3 25 | $54.6B | $16.9B | ||
| Q2 25 | $54.4B | $16.8B | ||
| Q1 25 | $53.7B | $16.3B | ||
| Q4 24 | $53.4B | $16.5B | ||
| Q3 24 | $52.7B | $17.2B | ||
| Q2 24 | $52.3B | $17.3B |
负债/权益比KDPKMB
| Q1 26 | — | 3.38× | ||
| Q4 25 | — | 4.31× | ||
| Q3 25 | — | 4.86× | ||
| Q2 25 | — | 5.09× | ||
| Q1 25 | — | 5.89× | ||
| Q4 24 | — | 8.18× | ||
| Q3 24 | — | 5.36× | ||
| Q2 24 | — | 6.30× |
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 | $281.0M | — |
| 自由现金流经营现金流 - 资本支出 | $184.0M | — |
| 自由现金流率自由现金流/营收 | 4.6% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.04× | — |
| 过去12个月自由现金流最近4个季度 | $1.6B | — |
8季度趋势，按日历期对齐
经营现金流KDPKMB
| Q1 26 | $281.0M | — | ||
| Q4 25 | $712.0M | $972.0M | ||
| Q3 25 | $639.0M | $708.0M | ||
| Q2 25 | $431.0M | $770.0M | ||
| Q1 25 | $209.0M | $327.0M | ||
| Q4 24 | $849.0M | $817.0M | ||
| Q3 24 | $628.0M | $958.0M | ||
| Q2 24 | $657.0M | $1.0B |
自由现金流KDPKMB
| Q1 26 | $184.0M | — | ||
| Q4 25 | $564.0M | $575.0M | ||
| Q3 25 | $527.0M | $368.0M | ||
| Q2 25 | $325.0M | $573.0M | ||
| Q1 25 | $89.0M | $123.0M | ||
| Q4 24 | $684.0M | $608.0M | ||
| Q3 24 | $503.0M | $798.0M | ||
| Q2 24 | $542.0M | $863.0M |
自由现金流率KDPKMB
| Q1 26 | 4.6% | — | ||
| Q4 25 | 12.5% | 17.5% | ||
| Q3 25 | 12.2% | 8.9% | ||
| Q2 25 | 7.8% | 13.8% | ||
| Q1 25 | 2.4% | 2.5% | ||
| Q4 24 | 16.8% | 12.3% | ||
| Q3 24 | 12.9% | 16.1% | ||
| Q2 24 | 13.8% | 17.2% |
资本支出强度KDPKMB
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 12.1% | ||
| Q3 25 | 2.6% | 8.2% | ||
| Q2 25 | 2.5% | 4.7% | ||
| Q1 25 | 3.3% | 4.2% | ||
| Q4 24 | 4.1% | 4.2% | ||
| Q3 24 | 3.2% | 3.2% | ||
| Q2 24 | 2.9% | 3.1% |
现金转化率KDPKMB
| Q1 26 | 1.04× | — | ||
| Q4 25 | 2.02× | 1.95× | ||
| Q3 25 | 0.97× | 1.59× | ||
| Q2 25 | 0.79× | 1.51× | ||
| Q1 25 | 0.40× | 0.58× | ||
| Q4 24 | — | 1.83× | ||
| Q3 24 | 1.02× | 1.06× | ||
| Q2 24 | 1.28× | 1.88× |
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
KDP
| U.S. Refreshment Beverages | $2.6B | 65% |
| U.S. Coffee | $877.0M | 22% |
| International | $435.0M | 11% |
KMB
| NA | $2.7B | 64% |
| IPC | $1.5B | 36% |
