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Keurig Dr Pepper（KDP）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
Keurig Dr Pepper的季度营收约是史密斯菲尔德食品的1.0倍（$4.0B vs $3.8B），Keurig Dr Pepper净利率更高（6.8% vs 6.6%，领先0.2%），Keurig Dr Pepper同比增速更快（9.4% vs 0.8%），过去两年史密斯菲尔德食品的营收复合增速更高（5.5% 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。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
KDP vs SFD — 直观对比
营收规模更大
KDP
是对方的1.0倍
$3.8B
营收增速更快
KDP
高出8.6%
0.8%
净利率更高
KDP
高出0.2%
6.6%
两年增速更快
SFD
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $3.8B |
| 净利润 | $270.0M | $249.0M |
| 毛利率 | 52.8% | 13.4% |
| 营业利润率 | 19.0% | 8.8% |
| 净利率 | 6.8% | 6.6% |
| 营收同比 | 9.4% | 0.8% |
| 净利润同比 | -47.8% | 9.7% |
| 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KDPSFD
| Q1 26 | $4.0B | $3.8B | ||
| Q4 25 | $4.5B | $4.2B | ||
| Q3 25 | $4.3B | $3.7B | ||
| Q2 25 | $4.2B | $3.8B | ||
| Q1 25 | $3.6B | $3.8B | ||
| Q4 24 | $4.1B | $4.0B | ||
| Q3 24 | $3.9B | $3.3B | ||
| Q2 24 | $3.9B | $3.4B |
净利润KDPSFD
| Q1 26 | $270.0M | $249.0M | ||
| Q4 25 | $353.0M | $327.0M | ||
| Q3 25 | $662.0M | $248.0M | ||
| Q2 25 | $547.0M | $188.0M | ||
| Q1 25 | $517.0M | $224.0M | ||
| Q4 24 | $-144.0M | $205.0M | ||
| Q3 24 | $616.0M | $291.0M | ||
| Q2 24 | $515.0M | $301.0M |
毛利率KDPSFD
| Q1 26 | 52.8% | 13.4% | ||
| Q4 25 | 53.8% | 14.2% | ||
| Q3 25 | 54.3% | 12.8% | ||
| Q2 25 | 54.2% | 13.2% | ||
| Q1 25 | 54.6% | 13.5% | ||
| Q4 24 | 55.9% | 13.5% | ||
| Q3 24 | 55.0% | 14.3% | ||
| Q2 24 | 55.4% | 15.4% |
营业利润率KDPSFD
| Q1 26 | 19.0% | 8.8% | ||
| Q4 25 | 19.6% | 9.5% | ||
| Q3 25 | 23.1% | 8.3% | ||
| Q2 25 | 21.6% | 6.9% | ||
| Q1 25 | 22.0% | 8.5% | ||
| Q4 24 | 1.5% | 8.5% | ||
| Q3 24 | 23.2% | 8.5% | ||
| Q2 24 | 22.0% | 9.8% |
净利率KDPSFD
| Q1 26 | 6.8% | 6.6% | ||
| Q4 25 | 7.8% | 7.7% | ||
| Q3 25 | 15.4% | 6.6% | ||
| Q2 25 | 13.1% | 5.0% | ||
| Q1 25 | 14.2% | 5.9% | ||
| Q4 24 | -3.5% | 5.2% | ||
| Q3 24 | 15.8% | 8.7% | ||
| Q2 24 | 13.1% | 8.8% |
每股收益（稀释后）KDPSFD
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.26 | $0.83 | ||
| Q3 25 | $0.49 | $0.63 | ||
| Q2 25 | $0.40 | $0.48 | ||
| Q1 25 | $0.38 | $0.57 | ||
| Q4 24 | $-0.11 | $0.54 | ||
| Q3 24 | $0.45 | $0.77 | ||
| Q2 24 | $0.38 | $0.79 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $25.3B | $6.9B |
| 总资产 | $73.1B | $12.0B |
| 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KDPSFD
| Q1 26 | $898.0M | $1.4B | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $516.0M | — | ||
| Q2 25 | $509.0M | — | ||
| Q1 25 | $653.0M | — | ||
| Q4 24 | $510.0M | — | ||
| Q3 24 | $552.0M | — | ||
| Q2 24 | $438.0M | — |
总债务KDPSFD
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益KDPSFD
| Q1 26 | $25.3B | $6.9B | ||
| Q4 25 | $25.5B | $6.8B | ||
| Q3 25 | $25.3B | $6.5B | ||
| Q2 25 | $25.0B | $6.3B | ||
| Q1 25 | $24.4B | $6.2B | ||
| Q4 24 | $24.2B | $5.8B | ||
| Q3 24 | $25.0B | — | ||
| Q2 24 | $24.7B | — |
总资产KDPSFD
| Q1 26 | $73.1B | $12.0B | ||
| Q4 25 | $55.5B | $12.2B | ||
| Q3 25 | $54.6B | $11.5B | ||
| Q2 25 | $54.4B | $11.2B | ||
| Q1 25 | $53.7B | $11.1B | ||
| Q4 24 | $53.4B | $11.1B | ||
| Q3 24 | $52.7B | — | ||
| Q2 24 | $52.3B | — |
负债/权益比KDPSFD
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $184.0M | — |
| 自由现金流率自由现金流/营收 | 4.6% | — |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流KDPSFD
| Q1 26 | $281.0M | — | ||
| Q4 25 | $712.0M | $938.0M | ||
| Q3 25 | $639.0M | $13.0M | ||
| Q2 25 | $431.0M | $274.0M | ||
| Q1 25 | $209.0M | $-166.0M | ||
| Q4 24 | $849.0M | — | ||
| Q3 24 | $628.0M | — | ||
| Q2 24 | $657.0M | — |
自由现金流KDPSFD
| Q1 26 | $184.0M | — | ||
| Q4 25 | $564.0M | $842.0M | ||
| Q3 25 | $527.0M | $-75.0M | ||
| Q2 25 | $325.0M | $196.0M | ||
| Q1 25 | $89.0M | $-245.0M | ||
| Q4 24 | $684.0M | — | ||
| Q3 24 | $503.0M | — | ||
| Q2 24 | $542.0M | — |
自由现金流率KDPSFD
| Q1 26 | 4.6% | — | ||
| Q4 25 | 12.5% | 19.9% | ||
| Q3 25 | 12.2% | -2.0% | ||
| Q2 25 | 7.8% | 5.2% | ||
| Q1 25 | 2.4% | -6.5% | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 12.9% | — | ||
| Q2 24 | 13.8% | — |
资本支出强度KDPSFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 3.3% | 2.3% | ||
| Q3 25 | 2.6% | 2.3% | ||
| Q2 25 | 2.5% | 2.1% | ||
| Q1 25 | 3.3% | 2.1% | ||
| Q4 24 | 4.1% | 2.1% | ||
| Q3 24 | 3.2% | 2.8% | ||
| Q2 24 | 2.9% | 2.3% |
现金转化率KDPSFD
| Q1 26 | 1.04× | — | ||
| Q4 25 | 2.02× | 2.87× | ||
| Q3 25 | 0.97× | 0.05× | ||
| Q2 25 | 0.79× | 1.46× | ||
| Q1 25 | 0.40× | -0.74× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.02× | — | ||
| 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% |
SFD
暂无分部数据
