vs
Keurig Dr Pepper（KDP）与豪士科（OSK）财务数据对比。点击上方公司名可切换其他公司
Keurig Dr Pepper的季度营收约是豪士科的1.5倍（$4.0B vs $2.7B），Keurig Dr Pepper净利率更高（6.8% vs 5.0%，领先1.8%），Keurig Dr Pepper同比增速更快（9.4% vs 3.5%），豪士科自由现金流更多（$540.3M vs $184.0M），过去两年豪士科的营收复合增速更高（2.8% vs 0.7%）
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。
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
KDP vs OSK — 直观对比
营收规模更大
KDP
是对方的1.5倍
$2.7B
营收增速更快
KDP
高出5.9%
3.5%
净利率更高
KDP
高出1.8%
5.0%
自由现金流更多
OSK
多$356.3M
$184.0M
两年增速更快
OSK
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.7B |
| 净利润 | $270.0M | $133.8M |
| 毛利率 | 52.8% | 15.8% |
| 营业利润率 | 19.0% | 7.9% |
| 净利率 | 6.8% | 5.0% |
| 营收同比 | 9.4% | 3.5% |
| 净利润同比 | -47.8% | -12.6% |
| 每股收益（稀释后） | $0.20 | — |
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KDPOSK
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.5B | $2.7B | ||
| Q3 25 | $4.3B | $2.7B | ||
| Q2 25 | $4.2B | $2.7B | ||
| Q1 25 | $3.6B | $2.3B | ||
| Q4 24 | $4.1B | $2.6B | ||
| Q3 24 | $3.9B | $2.7B | ||
| Q2 24 | $3.9B | $2.8B |
净利润KDPOSK
| Q1 26 | $270.0M | — | ||
| Q4 25 | $353.0M | $133.8M | ||
| Q3 25 | $662.0M | $196.2M | ||
| Q2 25 | $547.0M | $204.8M | ||
| Q1 25 | $517.0M | $112.2M | ||
| Q4 24 | $-144.0M | $153.1M | ||
| Q3 24 | $616.0M | $180.3M | ||
| Q2 24 | $515.0M | $168.6M |
毛利率KDPOSK
| Q1 26 | 52.8% | — | ||
| Q4 25 | 53.8% | 15.8% | ||
| Q3 25 | 54.3% | 17.5% | ||
| Q2 25 | 54.2% | 19.2% | ||
| Q1 25 | 54.6% | 17.3% | ||
| Q4 24 | 55.9% | 17.2% | ||
| Q3 24 | 55.0% | 18.5% | ||
| Q2 24 | 55.4% | 19.2% |
营业利润率KDPOSK
| Q1 26 | 19.0% | — | ||
| Q4 25 | 19.6% | 7.9% | ||
| Q3 25 | 23.1% | 9.7% | ||
| Q2 25 | 21.6% | 10.7% | ||
| Q1 25 | 22.0% | 7.6% | ||
| Q4 24 | 1.5% | 8.6% | ||
| Q3 24 | 23.2% | 9.7% | ||
| Q2 24 | 22.0% | 9.2% |
净利率KDPOSK
| Q1 26 | 6.8% | — | ||
| Q4 25 | 7.8% | 5.0% | ||
| Q3 25 | 15.4% | 7.3% | ||
| Q2 25 | 13.1% | 7.5% | ||
| Q1 25 | 14.2% | 4.9% | ||
| Q4 24 | -3.5% | 5.9% | ||
| Q3 24 | 15.8% | 6.6% | ||
| Q2 24 | 13.1% | 5.9% |
每股收益（稀释后）KDPOSK
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.26 | — | ||
| Q3 25 | $0.49 | — | ||
| Q2 25 | $0.40 | — | ||
| Q1 25 | $0.38 | — | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $0.45 | — | ||
| Q2 24 | $0.38 | — |
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 | $479.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $25.3B | $4.5B |
| 总资产 | $73.1B | $10.1B |
| 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KDPOSK
| Q1 26 | $898.0M | — | ||
| Q4 25 | $1.0B | $479.8M | ||
| Q3 25 | $516.0M | $211.8M | ||
| Q2 25 | $509.0M | $191.7M | ||
| Q1 25 | $653.0M | $210.3M | ||
| Q4 24 | $510.0M | $204.9M | ||
| Q3 24 | $552.0M | $160.9M | ||
| Q2 24 | $438.0M | $141.4M |
总债务KDPOSK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $602.3M | ||
| Q2 24 | — | $599.1M |
股东权益KDPOSK
| Q1 26 | $25.3B | — | ||
| Q4 25 | $25.5B | $4.5B | ||
| Q3 25 | $25.3B | $4.5B | ||
| Q2 25 | $25.0B | $4.5B | ||
| Q1 25 | $24.4B | $4.2B | ||
| Q4 24 | $24.2B | $4.2B | ||
| Q3 24 | $25.0B | $4.1B | ||
| Q2 24 | $24.7B | $3.9B |
总资产KDPOSK
| Q1 26 | $73.1B | — | ||
| Q4 25 | $55.5B | $10.1B | ||
| Q3 25 | $54.6B | $9.8B | ||
| Q2 25 | $54.4B | $10.0B | ||
| Q1 25 | $53.7B | $9.8B | ||
| Q4 24 | $53.4B | $9.4B | ||
| Q3 24 | $52.7B | $9.9B | ||
| Q2 24 | $52.3B | $9.7B |
负债/权益比KDPOSK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.15× |
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 | $600.1M |
| 自由现金流经营现金流 - 资本支出 | $184.0M | $540.3M |
| 自由现金流率自由现金流/营收 | 4.6% | 20.1% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | 1.04× | 4.49× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $618.0M |
8季度趋势，按日历期对齐
经营现金流KDPOSK
| Q1 26 | $281.0M | — | ||
| Q4 25 | $712.0M | $600.1M | ||
| Q3 25 | $639.0M | $489.0M | ||
| Q2 25 | $431.0M | $89.2M | ||
| Q1 25 | $209.0M | $-394.9M | ||
| Q4 24 | $849.0M | $790.8M | ||
| Q3 24 | $628.0M | $326.1M | ||
| Q2 24 | $657.0M | $-211.0M |
自由现金流KDPOSK
| Q1 26 | $184.0M | — | ||
| Q4 25 | $564.0M | $540.3M | ||
| Q3 25 | $527.0M | $464.3M | ||
| Q2 25 | $325.0M | $48.6M | ||
| Q1 25 | $89.0M | $-435.2M | ||
| Q4 24 | $684.0M | $703.3M | ||
| Q3 24 | $503.0M | $272.2M | ||
| Q2 24 | $542.0M | $-250.5M |
自由现金流率KDPOSK
| Q1 26 | 4.6% | — | ||
| Q4 25 | 12.5% | 20.1% | ||
| Q3 25 | 12.2% | 17.3% | ||
| Q2 25 | 7.8% | 1.8% | ||
| Q1 25 | 2.4% | -18.8% | ||
| Q4 24 | 16.8% | 27.1% | ||
| Q3 24 | 12.9% | 9.9% | ||
| Q2 24 | 13.8% | -8.8% |
资本支出强度KDPOSK
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 2.2% | ||
| Q3 25 | 2.6% | 0.9% | ||
| Q2 25 | 2.5% | 1.5% | ||
| Q1 25 | 3.3% | 1.7% | ||
| Q4 24 | 4.1% | 3.4% | ||
| Q3 24 | 3.2% | 2.0% | ||
| Q2 24 | 2.9% | 1.4% |
现金转化率KDPOSK
| Q1 26 | 1.04× | — | ||
| Q4 25 | 2.02× | 4.49× | ||
| Q3 25 | 0.97× | 2.49× | ||
| Q2 25 | 0.79× | 0.44× | ||
| Q1 25 | 0.40× | -3.52× | ||
| Q4 24 | — | 5.17× | ||
| Q3 24 | 1.02× | 1.81× | ||
| Q2 24 | 1.28× | -1.25× |
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% |
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 1% |
