vs
Keurig Dr Pepper（KDP）与拉夫劳伦（RL）财务数据对比。点击上方公司名可切换其他公司
Keurig Dr Pepper的季度营收约是拉夫劳伦的1.7倍（$4.0B vs $2.4B），拉夫劳伦净利率更高（15.0% vs 6.8%，领先8.2%），拉夫劳伦同比增速更快（12.2% vs 9.4%），拉夫劳伦自由现金流更多（$704.0M vs $184.0M），过去两年拉夫劳伦的营收复合增速更高（23.9% 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。
拉夫劳伦是源自美国的跨国时尚巨头，旗下同名高端时尚品牌风靡全球，企业规模达数十亿美元。品牌创始人拉夫劳伦于2015年9月卸任首席执行官，仍留任执行董事长兼首席创意官，主导品牌创意与整体发展方向。
KDP vs RL — 直观对比
营收规模更大
KDP
是对方的1.7倍
$2.4B
营收增速更快
RL
高出2.9%
9.4%
净利率更高
RL
高出8.2%
6.8%
自由现金流更多
RL
多$520.0M
$184.0M
两年增速更快
RL
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.4B |
| 净利润 | $270.0M | $361.6M |
| 毛利率 | 52.8% | 69.9% |
| 营业利润率 | 19.0% | 19.6% |
| 净利率 | 6.8% | 15.0% |
| 营收同比 | 9.4% | 12.2% |
| 净利润同比 | -47.8% | 21.6% |
| 每股收益（稀释后） | $0.20 | $5.82 |
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KDPRL
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.5B | $2.4B | ||
| Q3 25 | $4.3B | $2.0B | ||
| Q2 25 | $4.2B | $1.7B | ||
| Q1 25 | $3.6B | $1.7B | ||
| Q4 24 | $4.1B | $2.1B | ||
| Q3 24 | $3.9B | $1.7B | ||
| Q2 24 | $3.9B | $1.5B |
净利润KDPRL
| Q1 26 | $270.0M | — | ||
| Q4 25 | $353.0M | $361.6M | ||
| Q3 25 | $662.0M | $207.5M | ||
| Q2 25 | $547.0M | $220.4M | ||
| Q1 25 | $517.0M | $129.0M | ||
| Q4 24 | $-144.0M | $297.4M | ||
| Q3 24 | $616.0M | $147.9M | ||
| Q2 24 | $515.0M | $168.6M |
毛利率KDPRL
| Q1 26 | 52.8% | — | ||
| Q4 25 | 53.8% | 69.9% | ||
| Q3 25 | 54.3% | 68.0% | ||
| Q2 25 | 54.2% | 72.3% | ||
| Q1 25 | 54.6% | 68.7% | ||
| Q4 24 | 55.9% | 68.4% | ||
| Q3 24 | 55.0% | 67.0% | ||
| Q2 24 | 55.4% | 70.5% |
营业利润率KDPRL
| Q1 26 | 19.0% | — | ||
| Q4 25 | 19.6% | 19.6% | ||
| Q3 25 | 23.1% | 12.2% | ||
| Q2 25 | 21.6% | 15.9% | ||
| Q1 25 | 22.0% | 9.1% | ||
| Q4 24 | 1.5% | 18.2% | ||
| Q3 24 | 23.2% | 10.4% | ||
| Q2 24 | 22.0% | 13.8% |
净利率KDPRL
| Q1 26 | 6.8% | — | ||
| Q4 25 | 7.8% | 15.0% | ||
| Q3 25 | 15.4% | 10.3% | ||
| Q2 25 | 13.1% | 12.8% | ||
| Q1 25 | 14.2% | 7.6% | ||
| Q4 24 | -3.5% | 13.9% | ||
| Q3 24 | 15.8% | 8.6% | ||
| Q2 24 | 13.1% | 11.1% |
每股收益（稀释后）KDPRL
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.26 | $5.82 | ||
| Q3 25 | $0.49 | $3.32 | ||
| Q2 25 | $0.40 | $3.52 | ||
| Q1 25 | $0.38 | $2.03 | ||
| Q4 24 | $-0.11 | $4.66 | ||
| Q3 24 | $0.45 | $2.31 | ||
| Q2 24 | $0.38 | $2.61 |
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 | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $25.3B | $2.9B |
| 总资产 | $73.1B | $7.8B |
| 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KDPRL
| Q1 26 | $898.0M | — | ||
| Q4 25 | $1.0B | $2.3B | ||
| Q3 25 | $516.0M | $1.6B | ||
| Q2 25 | $509.0M | $2.3B | ||
| Q1 25 | $653.0M | $2.1B | ||
| Q4 24 | $510.0M | $2.1B | ||
| Q3 24 | $552.0M | $1.7B | ||
| Q2 24 | $438.0M | $1.8B |
股东权益KDPRL
| Q1 26 | $25.3B | — | ||
| Q4 25 | $25.5B | $2.9B | ||
| Q3 25 | $25.3B | $2.6B | ||
| Q2 25 | $25.0B | $2.5B | ||
| Q1 25 | $24.4B | $2.6B | ||
| Q4 24 | $24.2B | $2.5B | ||
| Q3 24 | $25.0B | $2.4B | ||
| Q2 24 | $24.7B | $2.4B |
总资产KDPRL
| Q1 26 | $73.1B | — | ||
| Q4 25 | $55.5B | $7.8B | ||
| Q3 25 | $54.6B | $7.3B | ||
| Q2 25 | $54.4B | $7.8B | ||
| Q1 25 | $53.7B | $7.0B | ||
| Q4 24 | $53.4B | $7.1B | ||
| Q3 24 | $52.7B | $6.8B | ||
| Q2 24 | $52.3B | $6.6B |
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 | $779.6M |
| 自由现金流经营现金流 - 资本支出 | $184.0M | $704.0M |
| 自由现金流率自由现金流/营收 | 4.6% | 29.3% |
| 资本支出强度资本支出/营收 | — | 3.1% |
| 现金转化率经营现金流/净利润 | 1.04× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $694.5M |
8季度趋势，按日历期对齐
经营现金流KDPRL
| Q1 26 | $281.0M | — | ||
| Q4 25 | $712.0M | $779.6M | ||
| Q3 25 | $639.0M | $53.2M | ||
| Q2 25 | $431.0M | $176.1M | ||
| Q1 25 | $209.0M | $122.2M | ||
| Q4 24 | $849.0M | $738.4M | ||
| Q3 24 | $628.0M | $97.2M | ||
| Q2 24 | $657.0M | $277.3M |
自由现金流KDPRL
| Q1 26 | $184.0M | — | ||
| Q4 25 | $564.0M | $704.0M | ||
| Q3 25 | $527.0M | $-40.6M | ||
| Q2 25 | $325.0M | $-11.2M | ||
| Q1 25 | $89.0M | $42.3M | ||
| Q4 24 | $684.0M | $677.2M | ||
| Q3 24 | $503.0M | $55.5M | ||
| Q2 24 | $542.0M | $243.9M |
自由现金流率KDPRL
| Q1 26 | 4.6% | — | ||
| Q4 25 | 12.5% | 29.3% | ||
| Q3 25 | 12.2% | -2.0% | ||
| Q2 25 | 7.8% | -0.7% | ||
| Q1 25 | 2.4% | 2.5% | ||
| Q4 24 | 16.8% | 31.6% | ||
| Q3 24 | 12.9% | 3.2% | ||
| Q2 24 | 13.8% | 16.1% |
资本支出强度KDPRL
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 3.1% | ||
| Q3 25 | 2.6% | 4.7% | ||
| Q2 25 | 2.5% | 10.9% | ||
| Q1 25 | 3.3% | 4.7% | ||
| Q4 24 | 4.1% | 2.9% | ||
| Q3 24 | 3.2% | 2.4% | ||
| Q2 24 | 2.9% | 2.2% |
现金转化率KDPRL
| Q1 26 | 1.04× | — | ||
| Q4 25 | 2.02× | 2.16× | ||
| Q3 25 | 0.97× | 0.26× | ||
| Q2 25 | 0.79× | 0.80× | ||
| Q1 25 | 0.40× | 0.95× | ||
| Q4 24 | — | 2.48× | ||
| Q3 24 | 1.02× | 0.66× | ||
| Q2 24 | 1.28× | 1.64× |
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% |
RL
暂无分部数据
