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卡夫亨氏（KHC）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
卡夫亨氏的季度营收约是史丹利百得的1.6倍（$6.0B vs $3.8B），卡夫亨氏净利率更高（13.2% vs 1.5%，领先11.7%），史丹利百得同比增速更快（2.7% vs 0.8%），卡夫亨氏自由现金流更多（$766.0M vs $-447.3M），过去两年史丹利百得的营收复合增速更高（-0.3% vs -3.4%）
卡夫亨氏（股票代码：KHC）是美国大型跨国食品企业，由原卡夫食品集团与亨氏公司合并组建，在芝加哥与匹兹堡均设有总部，旗下拥有多款全球知名食品品牌，业务覆盖全球众多市场。
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。
KHC vs SWK — 直观对比
营收规模更大
KHC
是对方的1.6倍
$3.8B
营收增速更快
SWK
高出1.9%
0.8%
净利率更高
KHC
高出11.7%
1.5%
自由现金流更多
KHC
多$1.2B
$-447.3M
两年增速更快
SWK
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $3.8B |
| 净利润 | $799.0M | $59.6M |
| 毛利率 | 36.7% | 30.1% |
| 营业利润率 | — | 4.2% |
| 净利率 | 13.2% | 1.5% |
| 营收同比 | 0.8% | 2.7% |
| 净利润同比 | 11.9% | -34.1% |
| 每股收益（稀释后） | $0.67 | $0.39 |
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KHCSWK
| Q1 26 | $6.0B | $3.8B | ||
| Q4 25 | $6.4B | — | ||
| Q3 25 | $6.2B | $3.8B | ||
| Q2 25 | $6.4B | $3.9B | ||
| Q1 25 | $6.0B | $3.7B | ||
| Q4 24 | $6.6B | $3.7B | ||
| Q3 24 | $6.4B | $3.8B | ||
| Q2 24 | $6.5B | $4.0B |
净利润KHCSWK
| Q1 26 | $799.0M | $59.6M | ||
| Q4 25 | $651.0M | — | ||
| Q3 25 | $615.0M | $51.4M | ||
| Q2 25 | $-7.8B | $101.9M | ||
| Q1 25 | $712.0M | $90.4M | ||
| Q4 24 | $2.1B | $194.9M | ||
| Q3 24 | $-290.0M | $91.1M | ||
| Q2 24 | $102.0M | $-11.2M |
毛利率KHCSWK
| Q1 26 | 36.7% | 30.1% | ||
| Q4 25 | 32.6% | — | ||
| Q3 25 | 31.9% | 31.4% | ||
| Q2 25 | 34.4% | 27.0% | ||
| Q1 25 | 34.4% | 29.9% | ||
| Q4 24 | 34.1% | 30.8% | ||
| Q3 24 | 34.2% | 29.9% | ||
| Q2 24 | 35.4% | 28.4% |
营业利润率KHCSWK
| Q1 26 | — | 4.2% | ||
| Q4 25 | 17.1% | — | ||
| Q3 25 | 16.4% | — | ||
| Q2 25 | -125.5% | — | ||
| Q1 25 | 19.9% | — | ||
| Q4 24 | -0.6% | 3.4% | ||
| Q3 24 | -1.6% | 10.6% | ||
| Q2 24 | 8.1% | 9.5% |
净利率KHCSWK
| Q1 26 | 13.2% | 1.5% | ||
| Q4 25 | 10.2% | — | ||
| Q3 25 | 9.9% | 1.4% | ||
| Q2 25 | -123.2% | 2.6% | ||
| Q1 25 | 11.9% | 2.4% | ||
| Q4 24 | 32.4% | 5.2% | ||
| Q3 24 | -4.5% | 2.4% | ||
| Q2 24 | 1.6% | -0.3% |
每股收益（稀释后）KHCSWK
| Q1 26 | $0.67 | $0.39 | ||
| Q4 25 | $0.56 | — | ||
| Q3 25 | $0.52 | $0.34 | ||
| Q2 25 | $-6.60 | $0.67 | ||
| Q1 25 | $0.59 | $0.60 | ||
| Q4 24 | $1.76 | $1.29 | ||
| Q3 24 | $-0.24 | $0.60 | ||
| Q2 24 | $0.08 | $-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 | $3.3B | $333.7M |
| 总债务越低越好 | $21.1B | $6.4B |
| 股东权益账面价值 | $41.9B | — |
| 总资产 | $82.0B | $21.6B |
| 负债/权益比越低杠杆越低 | 0.50× | — |
8季度趋势，按日历期对齐
现金及短期投资KHCSWK
| Q1 26 | $3.3B | $333.7M | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $3.1B | $268.3M | ||
| Q2 25 | $2.6B | $311.8M | ||
| Q1 25 | $2.8B | $344.8M | ||
| Q4 24 | $1.3B | $290.5M | ||
| Q3 24 | $1.3B | $298.7M | ||
| Q2 24 | $900.0M | $318.5M |
总债务KHCSWK
| Q1 26 | $21.1B | $6.4B | ||
| Q4 25 | $19.3B | — | ||
| Q3 25 | $19.3B | $5.3B | ||
| Q2 25 | $19.3B | $5.6B | ||
| Q1 25 | $20.9B | $5.6B | ||
| Q4 24 | $19.2B | $6.1B | ||
| Q3 24 | $19.4B | $6.1B | ||
| Q2 24 | $19.3B | $6.1B |
股东权益KHCSWK
| Q1 26 | $41.9B | — | ||
| Q4 25 | $41.7B | — | ||
| Q3 25 | $41.5B | $9.0B | ||
| Q2 25 | $41.4B | $9.1B | ||
| Q1 25 | $49.5B | $8.8B | ||
| Q4 24 | $49.2B | $8.7B | ||
| Q3 24 | $48.3B | $8.9B | ||
| Q2 24 | $48.9B | $8.7B |
总资产KHCSWK
| Q1 26 | $82.0B | $21.6B | ||
| Q4 25 | $81.8B | — | ||
| Q3 25 | $81.7B | $21.8B | ||
| Q2 25 | $81.6B | $22.5B | ||
| Q1 25 | $90.3B | $22.5B | ||
| Q4 24 | $88.3B | $21.8B | ||
| Q3 24 | $88.6B | $22.5B | ||
| Q2 24 | $88.8B | $22.5B |
负债/权益比KHCSWK
| Q1 26 | 0.50× | — | ||
| Q4 25 | 0.46× | — | ||
| Q3 25 | 0.47× | 0.59× | ||
| Q2 25 | 0.47× | 0.62× | ||
| Q1 25 | 0.42× | 0.63× | ||
| Q4 24 | 0.39× | 0.70× | ||
| Q3 24 | 0.40× | 0.69× | ||
| Q2 24 | 0.39× | 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 | — | $-388.8M |
| 自由现金流经营现金流 - 资本支出 | $766.0M | $-447.3M |
| 自由现金流率自由现金流/营收 | 12.7% | -11.6% |
| 资本支出强度资本支出/营收 | 4.0% | — |
| 现金转化率经营现金流/净利润 | — | -6.52× |
| 过去12个月自由现金流最近4个季度 | $3.9B | $-642.3M |
8季度趋势，按日历期对齐
经营现金流KHCSWK
| Q1 26 | — | $-388.8M | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.2B | $221.2M | ||
| Q2 25 | $1.2B | $214.3M | ||
| Q1 25 | $720.0M | $-420.0M | ||
| Q4 24 | $1.4B | $679.1M | ||
| Q3 24 | $1.1B | $285.8M | ||
| Q2 24 | $942.0M | $573.0M |
自由现金流KHCSWK
| Q1 26 | $766.0M | $-447.3M | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $986.0M | $155.3M | ||
| Q2 25 | $1.0B | $134.7M | ||
| Q1 25 | $482.0M | $-485.0M | ||
| Q4 24 | $1.1B | $564.6M | ||
| Q3 24 | $849.0M | $199.3M | ||
| Q2 24 | $693.0M | $485.8M |
自由现金流率KHCSWK
| Q1 26 | 12.7% | -11.6% | ||
| Q4 25 | 18.4% | — | ||
| Q3 25 | 15.8% | 4.1% | ||
| Q2 25 | 16.1% | 3.4% | ||
| Q1 25 | 8.0% | -13.0% | ||
| Q4 24 | 17.4% | 15.2% | ||
| Q3 24 | 13.3% | 5.3% | ||
| Q2 24 | 10.7% | 12.1% |
资本支出强度KHCSWK
| Q1 26 | 4.0% | — | ||
| Q4 25 | 3.2% | — | ||
| Q3 25 | 2.7% | 1.8% | ||
| Q2 25 | 2.9% | 2.0% | ||
| Q1 25 | 4.0% | 1.7% | ||
| Q4 24 | 3.8% | 3.1% | ||
| Q3 24 | 3.7% | 2.3% | ||
| Q2 24 | 3.8% | 2.2% |
现金转化率KHCSWK
| Q1 26 | — | -6.52× | ||
| Q4 25 | 2.11× | — | ||
| Q3 25 | 1.88× | 4.30× | ||
| Q2 25 | — | 2.10× | ||
| Q1 25 | 1.01× | -4.65× | ||
| Q4 24 | 0.65× | 3.48× | ||
| Q3 24 | — | 3.14× | ||
| Q2 24 | 9.24× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
