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Keurig Dr Pepper（KDP）与史丹利百得（SWK）财务数据对比。点击上方公司名可切换其他公司
Keurig Dr Pepper的季度营收约是史丹利百得的1.1倍（$4.0B vs $3.8B），Keurig Dr Pepper净利率更高（6.8% vs 1.4%，领先5.4%），Keurig Dr Pepper同比增速更快（9.4% vs 0.1%），Keurig Dr Pepper自由现金流更多（$184.0M vs $155.3M），过去两年Keurig Dr Pepper的营收复合增速更高（0.7% vs 0.3%）
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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
KDP vs SWK — 直观对比
营收规模更大
KDP
是对方的1.1倍
$3.8B
营收增速更快
KDP
高出9.3%
0.1%
净利率更高
KDP
高出5.4%
1.4%
自由现金流更多
KDP
多$28.7M
$155.3M
两年增速更快
KDP
近两年复合增速
0.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $3.8B |
| 净利润 | $270.0M | $51.4M |
| 毛利率 | 52.8% | 31.4% |
| 营业利润率 | 19.0% | — |
| 净利率 | 6.8% | 1.4% |
| 营收同比 | 9.4% | 0.1% |
| 净利润同比 | -47.8% | -43.6% |
| 每股收益（稀释后） | $0.20 | $0.34 |
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KDPSWK
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.3B | $3.8B | ||
| Q2 25 | $4.2B | $3.9B | ||
| Q1 25 | $3.6B | $3.7B | ||
| Q4 24 | $4.1B | $3.7B | ||
| Q3 24 | $3.9B | $3.8B | ||
| Q2 24 | $3.9B | $4.0B |
净利润KDPSWK
| Q1 26 | $270.0M | — | ||
| Q4 25 | $353.0M | — | ||
| Q3 25 | $662.0M | $51.4M | ||
| Q2 25 | $547.0M | $101.9M | ||
| Q1 25 | $517.0M | $90.4M | ||
| Q4 24 | $-144.0M | $194.9M | ||
| Q3 24 | $616.0M | $91.1M | ||
| Q2 24 | $515.0M | $-11.2M |
毛利率KDPSWK
| Q1 26 | 52.8% | — | ||
| Q4 25 | 53.8% | — | ||
| Q3 25 | 54.3% | 31.4% | ||
| Q2 25 | 54.2% | 27.0% | ||
| Q1 25 | 54.6% | 29.9% | ||
| Q4 24 | 55.9% | 30.8% | ||
| Q3 24 | 55.0% | 29.9% | ||
| Q2 24 | 55.4% | 28.4% |
营业利润率KDPSWK
| Q1 26 | 19.0% | — | ||
| Q4 25 | 19.6% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.6% | — | ||
| Q1 25 | 22.0% | — | ||
| Q4 24 | 1.5% | 3.4% | ||
| Q3 24 | 23.2% | 10.6% | ||
| Q2 24 | 22.0% | 9.5% |
净利率KDPSWK
| Q1 26 | 6.8% | — | ||
| Q4 25 | 7.8% | — | ||
| Q3 25 | 15.4% | 1.4% | ||
| Q2 25 | 13.1% | 2.6% | ||
| Q1 25 | 14.2% | 2.4% | ||
| Q4 24 | -3.5% | 5.2% | ||
| Q3 24 | 15.8% | 2.4% | ||
| Q2 24 | 13.1% | -0.3% |
每股收益（稀释后）KDPSWK
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.26 | — | ||
| Q3 25 | $0.49 | $0.34 | ||
| Q2 25 | $0.40 | $0.67 | ||
| Q1 25 | $0.38 | $0.60 | ||
| Q4 24 | $-0.11 | $1.29 | ||
| Q3 24 | $0.45 | $0.60 | ||
| Q2 24 | $0.38 | $-0.07 |
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 | $268.3M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $25.3B | $9.0B |
| 总资产 | $73.1B | $21.8B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资KDPSWK
| Q1 26 | $898.0M | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $516.0M | $268.3M | ||
| Q2 25 | $509.0M | $311.8M | ||
| Q1 25 | $653.0M | $344.8M | ||
| Q4 24 | $510.0M | $290.5M | ||
| Q3 24 | $552.0M | $298.7M | ||
| Q2 24 | $438.0M | $318.5M |
总债务KDPSWK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B |
股东权益KDPSWK
| Q1 26 | $25.3B | — | ||
| Q4 25 | $25.5B | — | ||
| Q3 25 | $25.3B | $9.0B | ||
| Q2 25 | $25.0B | $9.1B | ||
| Q1 25 | $24.4B | $8.8B | ||
| Q4 24 | $24.2B | $8.7B | ||
| Q3 24 | $25.0B | $8.9B | ||
| Q2 24 | $24.7B | $8.7B |
总资产KDPSWK
| Q1 26 | $73.1B | — | ||
| Q4 25 | $55.5B | — | ||
| Q3 25 | $54.6B | $21.8B | ||
| Q2 25 | $54.4B | $22.5B | ||
| Q1 25 | $53.7B | $22.5B | ||
| Q4 24 | $53.4B | $21.8B | ||
| Q3 24 | $52.7B | $22.5B | ||
| Q2 24 | $52.3B | $22.5B |
负债/权益比KDPSWK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.70× |
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 | $221.2M |
| 自由现金流经营现金流 - 资本支出 | $184.0M | $155.3M |
| 自由现金流率自由现金流/营收 | 4.6% | 4.1% |
| 资本支出强度资本支出/营收 | — | 1.8% |
| 现金转化率经营现金流/净利润 | 1.04× | 4.30× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $369.6M |
8季度趋势，按日历期对齐
经营现金流KDPSWK
| Q1 26 | $281.0M | — | ||
| Q4 25 | $712.0M | — | ||
| Q3 25 | $639.0M | $221.2M | ||
| Q2 25 | $431.0M | $214.3M | ||
| Q1 25 | $209.0M | $-420.0M | ||
| Q4 24 | $849.0M | $679.1M | ||
| Q3 24 | $628.0M | $285.8M | ||
| Q2 24 | $657.0M | $573.0M |
自由现金流KDPSWK
| Q1 26 | $184.0M | — | ||
| Q4 25 | $564.0M | — | ||
| Q3 25 | $527.0M | $155.3M | ||
| Q2 25 | $325.0M | $134.7M | ||
| Q1 25 | $89.0M | $-485.0M | ||
| Q4 24 | $684.0M | $564.6M | ||
| Q3 24 | $503.0M | $199.3M | ||
| Q2 24 | $542.0M | $485.8M |
自由现金流率KDPSWK
| Q1 26 | 4.6% | — | ||
| Q4 25 | 12.5% | — | ||
| Q3 25 | 12.2% | 4.1% | ||
| Q2 25 | 7.8% | 3.4% | ||
| Q1 25 | 2.4% | -13.0% | ||
| Q4 24 | 16.8% | 15.2% | ||
| Q3 24 | 12.9% | 5.3% | ||
| Q2 24 | 13.8% | 12.1% |
资本支出强度KDPSWK
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | — | ||
| Q3 25 | 2.6% | 1.8% | ||
| Q2 25 | 2.5% | 2.0% | ||
| Q1 25 | 3.3% | 1.7% | ||
| Q4 24 | 4.1% | 3.1% | ||
| Q3 24 | 3.2% | 2.3% | ||
| Q2 24 | 2.9% | 2.2% |
现金转化率KDPSWK
| Q1 26 | 1.04× | — | ||
| Q4 25 | 2.02× | — | ||
| Q3 25 | 0.97× | 4.30× | ||
| Q2 25 | 0.79× | 2.10× | ||
| Q1 25 | 0.40× | -4.65× | ||
| Q4 24 | — | 3.48× | ||
| Q3 24 | 1.02× | 3.14× | ||
| 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 | $857.0M | 22% |
| International | $520.0M | 13% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
