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Keurig Dr Pepper（KDP）与KOHLS Corp（KSS）财务数据对比。点击上方公司名可切换其他公司
Keurig Dr Pepper的季度营收约是KOHLS Corp的1.1倍（$4.0B vs $3.6B），Keurig Dr Pepper净利率更高（6.8% vs 0.2%，领先6.6%），Keurig Dr Pepper同比增速更快（9.4% vs -3.6%），Keurig Dr Pepper自由现金流更多（$184.0M vs $16.0M），过去两年Keurig Dr Pepper的营收复合增速更高（0.7% vs -22.5%）
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。
科尔士（Kohl's）是美国知名连锁百货零售商，目前在全美除夏威夷外的各州共开设1174家门店。品牌由波兰移民麦克斯韦·科尔创立，1927年他在威斯康星州密尔沃基开设了一家街角杂货店，在当地发展为成功的连锁品牌后，1962年公司开设首家百货门店，正式进军百货零售领域。
KDP vs KSS — 直观对比
营收规模更大
KDP
是对方的1.1倍
$3.6B
营收增速更快
KDP
高出13.0%
-3.6%
净利率更高
KDP
高出6.6%
0.2%
自由现金流更多
KDP
多$168.0M
$16.0M
两年增速更快
KDP
近两年复合增速
-22.5%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $3.6B |
| 净利润 | $270.0M | $8.0M |
| 毛利率 | 52.8% | 42.4% |
| 营业利润率 | 19.0% | 2.0% |
| 净利率 | 6.8% | 0.2% |
| 营收同比 | 9.4% | -3.6% |
| 净利润同比 | -47.8% | -63.6% |
| 每股收益（稀释后） | $0.20 | $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KDPKSS
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.5B | $3.6B | ||
| Q3 25 | $4.3B | $3.5B | ||
| Q2 25 | $4.2B | $3.2B | ||
| Q1 25 | $3.6B | $5.4B | ||
| Q4 24 | $4.1B | $3.7B | ||
| Q3 24 | $3.9B | $3.7B | ||
| Q2 24 | $3.9B | $3.4B |
净利润KDPKSS
| Q1 26 | $270.0M | — | ||
| Q4 25 | $353.0M | $8.0M | ||
| Q3 25 | $662.0M | $153.0M | ||
| Q2 25 | $547.0M | $-15.0M | ||
| Q1 25 | $517.0M | $48.0M | ||
| Q4 24 | $-144.0M | $22.0M | ||
| Q3 24 | $616.0M | $66.0M | ||
| Q2 24 | $515.0M | $-27.0M |
毛利率KDPKSS
| Q1 26 | 52.8% | — | ||
| Q4 25 | 53.8% | 42.4% | ||
| Q3 25 | 54.3% | 43.3% | ||
| Q2 25 | 54.2% | 43.3% | ||
| Q1 25 | 54.6% | 35.6% | ||
| Q4 24 | 55.9% | 42.4% | ||
| Q3 24 | 55.0% | 43.0% | ||
| Q2 24 | 55.4% | 43.1% |
营业利润率KDPKSS
| Q1 26 | 19.0% | — | ||
| Q4 25 | 19.6% | 2.0% | ||
| Q3 25 | 23.1% | 7.9% | ||
| Q2 25 | 21.6% | 1.9% | ||
| Q1 25 | 22.0% | 2.3% | ||
| Q4 24 | 1.5% | 2.6% | ||
| Q3 24 | 23.2% | 4.4% | ||
| Q2 24 | 22.0% | 1.3% |
净利率KDPKSS
| Q1 26 | 6.8% | — | ||
| Q4 25 | 7.8% | 0.2% | ||
| Q3 25 | 15.4% | 4.3% | ||
| Q2 25 | 13.1% | -0.5% | ||
| Q1 25 | 14.2% | 0.9% | ||
| Q4 24 | -3.5% | 0.6% | ||
| Q3 24 | 15.8% | 1.8% | ||
| Q2 24 | 13.1% | -0.8% |
每股收益（稀释后）KDPKSS
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.26 | $0.07 | ||
| Q3 25 | $0.49 | $1.35 | ||
| Q2 25 | $0.40 | $-0.13 | ||
| Q1 25 | $0.38 | $0.43 | ||
| Q4 24 | $-0.11 | $0.20 | ||
| Q3 24 | $0.45 | $0.59 | ||
| Q2 24 | $0.38 | $-0.24 |
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 | $144.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $25.3B | $3.9B |
| 总资产 | $73.1B | $14.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资KDPKSS
| Q1 26 | $898.0M | — | ||
| Q4 25 | $1.0B | $144.0M | ||
| Q3 25 | $516.0M | $174.0M | ||
| Q2 25 | $509.0M | $153.0M | ||
| Q1 25 | $653.0M | $134.0M | ||
| Q4 24 | $510.0M | $174.0M | ||
| Q3 24 | $552.0M | $231.0M | ||
| Q2 24 | $438.0M | $228.0M |
股东权益KDPKSS
| Q1 26 | $25.3B | — | ||
| Q4 25 | $25.5B | $3.9B | ||
| Q3 25 | $25.3B | $3.9B | ||
| Q2 25 | $25.0B | $3.8B | ||
| Q1 25 | $24.4B | $3.8B | ||
| Q4 24 | $24.2B | $3.8B | ||
| Q3 24 | $25.0B | $3.8B | ||
| Q2 24 | $24.7B | $3.8B |
总资产KDPKSS
| Q1 26 | $73.1B | — | ||
| Q4 25 | $55.5B | $14.1B | ||
| Q3 25 | $54.6B | $13.4B | ||
| Q2 25 | $54.4B | $13.6B | ||
| Q1 25 | $53.7B | $13.6B | ||
| Q4 24 | $53.4B | $15.1B | ||
| Q3 24 | $52.7B | $14.2B | ||
| Q2 24 | $52.3B | $14.3B |
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 | $124.0M |
| 自由现金流经营现金流 - 资本支出 | $184.0M | $16.0M |
| 自由现金流率自由现金流/营收 | 4.6% | 0.4% |
| 资本支出强度资本支出/营收 | — | 3.0% |
| 现金转化率经营现金流/净利润 | 1.04× | 15.50× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $819.0M |
8季度趋势，按日历期对齐
经营现金流KDPKSS
| Q1 26 | $281.0M | — | ||
| Q4 25 | $712.0M | $124.0M | ||
| Q3 25 | $639.0M | $598.0M | ||
| Q2 25 | $431.0M | $-92.0M | ||
| Q1 25 | $209.0M | $596.0M | ||
| Q4 24 | $849.0M | $-195.0M | ||
| Q3 24 | $628.0M | $254.0M | ||
| Q2 24 | $657.0M | $-7.0M |
自由现金流KDPKSS
| Q1 26 | $184.0M | — | ||
| Q4 25 | $564.0M | $16.0M | ||
| Q3 25 | $527.0M | $508.0M | ||
| Q2 25 | $325.0M | $-202.0M | ||
| Q1 25 | $89.0M | $497.0M | ||
| Q4 24 | $684.0M | $-323.0M | ||
| Q3 24 | $503.0M | $141.0M | ||
| Q2 24 | $542.0M | $-133.0M |
自由现金流率KDPKSS
| Q1 26 | 4.6% | — | ||
| Q4 25 | 12.5% | 0.4% | ||
| Q3 25 | 12.2% | 14.3% | ||
| Q2 25 | 7.8% | -6.2% | ||
| Q1 25 | 2.4% | 9.2% | ||
| Q4 24 | 16.8% | -8.7% | ||
| Q3 24 | 12.9% | 3.8% | ||
| Q2 24 | 13.8% | -3.9% |
资本支出强度KDPKSS
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 3.0% | ||
| Q3 25 | 2.6% | 2.5% | ||
| Q2 25 | 2.5% | 3.4% | ||
| Q1 25 | 3.3% | 1.8% | ||
| Q4 24 | 4.1% | 3.5% | ||
| Q3 24 | 3.2% | 3.0% | ||
| Q2 24 | 2.9% | 3.7% |
现金转化率KDPKSS
| Q1 26 | 1.04× | — | ||
| Q4 25 | 2.02× | 15.50× | ||
| Q3 25 | 0.97× | 3.91× | ||
| Q2 25 | 0.79× | — | ||
| Q1 25 | 0.40× | 12.42× | ||
| Q4 24 | — | -8.86× | ||
| Q3 24 | 1.02× | 3.85× | ||
| Q2 24 | 1.28× | — |
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% |
KSS
| Products | $3.4B | 95% |
| Other | $168.0M | 5% |
| Gift Card | $17.0M | 0% |
