vs
Keurig Dr Pepper（KDP）与Rocket Companies, Inc.（RKT）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Rocket Companies, Inc.的1.5倍（$4.0B vs $2.7B），Keurig Dr Pepper净利率更高（6.8% vs 2.5%，领先4.3%），Rocket Companies, Inc.同比增速更快（52.2% vs 9.4%），Keurig Dr Pepper自由现金流更多（$184.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
KDP vs RKT — 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
RKT
高出42.8%
9.4%
净利率更高
KDP
高出4.3%
2.5%
自由现金流更多
KDP
多$1.5B
$-1.3B
两年增速更快
RKT
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 | $68.0M |
| 毛利率 | 52.8% | — |
| 营业利润率 | 19.0% | 6.3% |
| 净利率 | 6.8% | 2.5% |
| 营收同比 | 9.4% | 52.2% |
| 净利润同比 | -47.8% | 100.8% |
| 每股收益（稀释后） | $0.20 | $0.10 |
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KDPRKT
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.5B | $2.7B | ||
| Q3 25 | $4.3B | $1.6B | ||
| Q2 25 | $4.2B | $1.4B | ||
| Q1 25 | $3.6B | $1.0B | ||
| Q4 24 | $4.1B | $1.8B | ||
| Q3 24 | $3.9B | $646.9M | ||
| Q2 24 | $3.9B | $1.3B |
净利润KDPRKT
| Q1 26 | $270.0M | — | ||
| Q4 25 | $353.0M | $68.0M | ||
| Q3 25 | $662.0M | $-123.9M | ||
| Q2 25 | $547.0M | $-1.8M | ||
| Q1 25 | $517.0M | $-10.4M | ||
| Q4 24 | $-144.0M | $33.9M | ||
| Q3 24 | $616.0M | $-22.0M | ||
| Q2 24 | $515.0M | $1.3M |
毛利率KDPRKT
| Q1 26 | 52.8% | — | ||
| Q4 25 | 53.8% | — | ||
| Q3 25 | 54.3% | — | ||
| Q2 25 | 54.2% | — | ||
| Q1 25 | 54.6% | — | ||
| Q4 24 | 55.9% | 58.9% | ||
| Q3 24 | 55.0% | -8.4% | ||
| Q2 24 | 55.4% | 47.4% |
营业利润率KDPRKT
| Q1 26 | 19.0% | — | ||
| Q4 25 | 19.6% | 6.3% | ||
| Q3 25 | 23.1% | -11.5% | ||
| Q2 25 | 21.6% | 1.8% | ||
| Q1 25 | 22.0% | -21.5% | ||
| Q4 24 | 1.5% | 38.1% | ||
| Q3 24 | 23.2% | -76.9% | ||
| Q2 24 | 22.0% | 14.8% |
净利率KDPRKT
| Q1 26 | 6.8% | — | ||
| Q4 25 | 7.8% | 2.5% | ||
| Q3 25 | 15.4% | -7.7% | ||
| Q2 25 | 13.1% | -0.1% | ||
| Q1 25 | 14.2% | -1.0% | ||
| Q4 24 | -3.5% | 1.9% | ||
| Q3 24 | 15.8% | -3.4% | ||
| Q2 24 | 13.1% | 0.1% |
每股收益（稀释后）KDPRKT
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.26 | $0.10 | ||
| Q3 25 | $0.49 | $-0.06 | ||
| Q2 25 | $0.40 | $-0.01 | ||
| Q1 25 | $0.38 | $-0.08 | ||
| Q4 24 | $-0.11 | $0.28 | ||
| Q3 24 | $0.45 | $-0.19 | ||
| Q2 24 | $0.38 | $0.01 |
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 | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $25.3B | $22.9B |
| 总资产 | $73.1B | $60.7B |
| 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KDPRKT
| Q1 26 | $898.0M | — | ||
| Q4 25 | $1.0B | $2.7B | ||
| Q3 25 | $516.0M | $5.8B | ||
| Q2 25 | $509.0M | $5.1B | ||
| Q1 25 | $653.0M | $1.4B | ||
| Q4 24 | $510.0M | $1.3B | ||
| Q3 24 | $552.0M | $1.2B | ||
| Q2 24 | $438.0M | $1.3B |
股东权益KDPRKT
| Q1 26 | $25.3B | — | ||
| Q4 25 | $25.5B | $22.9B | ||
| Q3 25 | $25.3B | $8.9B | ||
| Q2 25 | $25.0B | $7.4B | ||
| Q1 25 | $24.4B | $8.6B | ||
| Q4 24 | $24.2B | $9.0B | ||
| Q3 24 | $25.0B | $8.4B | ||
| Q2 24 | $24.7B | $8.8B |
总资产KDPRKT
| Q1 26 | $73.1B | — | ||
| Q4 25 | $55.5B | $60.7B | ||
| Q3 25 | $54.6B | $33.6B | ||
| Q2 25 | $54.4B | $30.4B | ||
| Q1 25 | $53.7B | $25.3B | ||
| Q4 24 | $53.4B | $24.5B | ||
| Q3 24 | $52.7B | $25.1B | ||
| Q2 24 | $52.3B | $23.6B |
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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $184.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 4.6% | -47.2% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | 1.04× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $-4.0B |
8季度趋势，按日历期对齐
经营现金流KDPRKT
| Q1 26 | $281.0M | — | ||
| Q4 25 | $712.0M | $-1.2B | ||
| Q3 25 | $639.0M | $-50.3M | ||
| Q2 25 | $431.0M | $-1.9B | ||
| Q1 25 | $209.0M | $-797.0M | ||
| Q4 24 | $849.0M | $1.8B | ||
| Q3 24 | $628.0M | $-1.3B | ||
| Q2 24 | $657.0M | $-122.3M |
自由现金流KDPRKT
| Q1 26 | $184.0M | — | ||
| Q4 25 | $564.0M | $-1.3B | ||
| Q3 25 | $527.0M | $-71.8M | ||
| Q2 25 | $325.0M | $-1.9B | ||
| Q1 25 | $89.0M | $-811.0M | ||
| Q4 24 | $684.0M | $1.8B | ||
| Q3 24 | $503.0M | $-1.4B | ||
| Q2 24 | $542.0M | $-138.3M |
自由现金流率KDPRKT
| Q1 26 | 4.6% | — | ||
| Q4 25 | 12.5% | -47.2% | ||
| Q3 25 | 12.2% | -4.5% | ||
| Q2 25 | 7.8% | -137.2% | ||
| Q1 25 | 2.4% | -78.2% | ||
| Q4 24 | 16.8% | 103.1% | ||
| Q3 24 | 12.9% | -209.6% | ||
| Q2 24 | 13.8% | -10.6% |
资本支出强度KDPRKT
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 1.5% | ||
| Q3 25 | 2.6% | 1.3% | ||
| Q2 25 | 2.5% | 1.1% | ||
| Q1 25 | 3.3% | 1.4% | ||
| Q4 24 | 4.1% | 1.1% | ||
| Q3 24 | 3.2% | 2.9% | ||
| Q2 24 | 2.9% | 1.2% |
现金转化率KDPRKT
| Q1 26 | 1.04× | — | ||
| Q4 25 | 2.02× | -18.08× | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | 0.79× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | — | 54.42× | ||
| Q3 24 | 1.02× | — | ||
| Q2 24 | 1.28× | -94.46× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
