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Keurig Dr Pepper（KDP）与QVC Group, Inc.（QVCGA）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QVC Group, Inc.的1.5倍（$4.0B vs $2.7B），Keurig Dr Pepper净利率更高（6.8% vs -1.4%，领先8.2%），Keurig Dr Pepper同比增速更快（9.4% vs -9.1%），QVC Group, Inc.自由现金流更多（$191.0M vs $184.0M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% 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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
KDP vs QVCGA — 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18.5%
-9.1%
净利率更高
KDP
高出8.2%
-1.4%
自由现金流更多
QVCGA
多$7.0M
$184.0M
两年增速更快
QVCGA
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 | $-37.0M |
| 毛利率 | 52.8% | 32.9% |
| 营业利润率 | 19.0% | 3.7% |
| 净利率 | 6.8% | -1.4% |
| 营收同比 | 9.4% | -9.1% |
| 净利润同比 | -47.8% | 97.1% |
| 每股收益（稀释后） | $0.20 | $-17.37 |
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KDPQVCGA
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.5B | $2.7B | ||
| Q3 25 | $4.3B | $2.2B | ||
| Q2 25 | $4.2B | $2.2B | ||
| Q1 25 | $3.6B | $2.1B | ||
| Q4 24 | $4.1B | $2.9B | ||
| Q3 24 | $3.9B | $2.3B | ||
| Q2 24 | $3.9B | $2.4B |
净利润KDPQVCGA
| Q1 26 | $270.0M | — | ||
| Q4 25 | $353.0M | $-37.0M | ||
| Q3 25 | $662.0M | $-80.0M | ||
| Q2 25 | $547.0M | $-2.2B | ||
| Q1 25 | $517.0M | $-100.0M | ||
| Q4 24 | $-144.0M | $-1.3B | ||
| Q3 24 | $616.0M | $-23.0M | ||
| Q2 24 | $515.0M | $20.0M |
毛利率KDPQVCGA
| Q1 26 | 52.8% | — | ||
| Q4 25 | 53.8% | 32.9% | ||
| Q3 25 | 54.3% | 34.0% | ||
| Q2 25 | 54.2% | 36.4% | ||
| Q1 25 | 54.6% | 34.2% | ||
| Q4 24 | 55.9% | 33.3% | ||
| Q3 24 | 55.0% | 35.3% | ||
| Q2 24 | 55.4% | 36.4% |
营业利润率KDPQVCGA
| Q1 26 | 19.0% | — | ||
| Q4 25 | 19.6% | 3.7% | ||
| Q3 25 | 23.1% | 2.7% | ||
| Q2 25 | 21.6% | -101.6% | ||
| Q1 25 | 22.0% | 0.7% | ||
| Q4 24 | 1.5% | -43.2% | ||
| Q3 24 | 23.2% | 6.5% | ||
| Q2 24 | 22.0% | 6.9% |
净利率KDPQVCGA
| Q1 26 | 6.8% | — | ||
| Q4 25 | 7.8% | -1.4% | ||
| Q3 25 | 15.4% | -3.6% | ||
| Q2 25 | 13.1% | -99.4% | ||
| Q1 25 | 14.2% | -4.8% | ||
| Q4 24 | -3.5% | -43.7% | ||
| Q3 24 | 15.8% | -1.0% | ||
| Q2 24 | 13.1% | 0.8% |
每股收益（稀释后）KDPQVCGA
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.26 | $-17.37 | ||
| Q3 25 | $0.49 | $-9.89 | ||
| Q2 25 | $0.40 | $-275.46 | ||
| Q1 25 | $0.38 | $-0.25 | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $0.45 | $-0.06 | ||
| Q2 24 | $0.38 | $2.57 |
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 | $2.0B |
| 总债务越低越好 | — | $790.0M |
| 股东权益账面价值 | $25.3B | $-3.1B |
| 总资产 | $73.1B | $7.6B |
| 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KDPQVCGA
| Q1 26 | $898.0M | — | ||
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $516.0M | $1.8B | ||
| Q2 25 | $509.0M | $897.0M | ||
| Q1 25 | $653.0M | $833.0M | ||
| Q4 24 | $510.0M | $905.0M | ||
| Q3 24 | $552.0M | $873.0M | ||
| Q2 24 | $438.0M | $1.2B |
总债务KDPQVCGA
| Q1 26 | — | — | ||
| Q4 25 | — | $790.0M | ||
| Q3 25 | — | $5.9B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.3B |
股东权益KDPQVCGA
| Q1 26 | $25.3B | — | ||
| Q4 25 | $25.5B | $-3.1B | ||
| Q3 25 | $25.3B | $-3.1B | ||
| Q2 25 | $25.0B | $-3.0B | ||
| Q1 25 | $24.4B | $-981.0M | ||
| Q4 24 | $24.2B | $-971.0M | ||
| Q3 24 | $25.0B | $397.0M | ||
| Q2 24 | $24.7B | $328.0M |
总资产KDPQVCGA
| Q1 26 | $73.1B | — | ||
| Q4 25 | $55.5B | $7.6B | ||
| Q3 25 | $54.6B | $7.6B | ||
| Q2 25 | $54.4B | $6.7B | ||
| Q1 25 | $53.7B | $9.0B | ||
| Q4 24 | $53.4B | $9.2B | ||
| Q3 24 | $52.7B | $10.8B | ||
| Q2 24 | $52.3B | $10.9B |
负债/权益比KDPQVCGA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.74× | ||
| Q2 24 | — | 16.28× |
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 | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $184.0M | $191.0M |
| 自由现金流率自由现金流/营收 | 4.6% | 7.1% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 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 | $118.0M |
8季度趋势，按日历期对齐
经营现金流KDPQVCGA
| Q1 26 | $281.0M | — | ||
| Q4 25 | $712.0M | $244.0M | ||
| Q3 25 | $639.0M | $4.0M | ||
| Q2 25 | $431.0M | $86.0M | ||
| Q1 25 | $209.0M | $-60.0M | ||
| Q4 24 | $849.0M | $212.0M | ||
| Q3 24 | $628.0M | $20.0M | ||
| Q2 24 | $657.0M | $267.0M |
自由现金流KDPQVCGA
| Q1 26 | $184.0M | — | ||
| Q4 25 | $564.0M | $191.0M | ||
| Q3 25 | $527.0M | $-27.0M | ||
| Q2 25 | $325.0M | $48.0M | ||
| Q1 25 | $89.0M | $-94.0M | ||
| Q4 24 | $684.0M | $150.0M | ||
| Q3 24 | $503.0M | $-23.0M | ||
| Q2 24 | $542.0M | $213.0M |
自由现金流率KDPQVCGA
| Q1 26 | 4.6% | — | ||
| Q4 25 | 12.5% | 7.1% | ||
| Q3 25 | 12.2% | -1.2% | ||
| Q2 25 | 7.8% | 2.1% | ||
| Q1 25 | 2.4% | -4.5% | ||
| Q4 24 | 16.8% | 5.1% | ||
| Q3 24 | 12.9% | -1.0% | ||
| Q2 24 | 13.8% | 8.8% |
资本支出强度KDPQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 2.0% | ||
| Q3 25 | 2.6% | 1.4% | ||
| Q2 25 | 2.5% | 1.7% | ||
| Q1 25 | 3.3% | 1.6% | ||
| Q4 24 | 4.1% | 2.1% | ||
| Q3 24 | 3.2% | 1.8% | ||
| Q2 24 | 2.9% | 2.2% |
现金转化率KDPQVCGA
| Q1 26 | 1.04× | — | ||
| Q4 25 | 2.02× | — | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | 0.79× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.02× | — | ||
| Q2 24 | 1.28× | 13.35× |
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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
