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KinderCare Learning Companies, Inc.（KLC）与CarMax（KMX）财务数据对比。点击上方公司名可切换其他公司
CarMax的季度营收约是KinderCare Learning Companies, Inc.的8.6倍（$5.8B vs $676.8M）。CarMax净利率更高（1.1% vs 0.7%，领先0.4%）。KinderCare Learning Companies, Inc.同比增速更快（0.8% vs -6.9%）。CarMax自由现金流更多（$1.1B vs $62.6M）。过去两年CarMax的营收复合增速更高（1.5% vs 0.4%）
金德凯尔学习公司是1969年成立的美国营利性早教与托育机构运营商，总部位于俄勒冈州波特兰市，服务覆盖全美39个州及华盛顿哥伦比亚特区，目前在全美拥有超1250家教学点，在读儿童约20万人，面向出生6周至12岁的儿童提供教育项目，是俄勒冈州第三大私营企业。
CarMax是美国知名二手车零售企业，下设两大业务板块：零售运营业务与汽车金融服务。该品牌最初是电路城公司的副业项目，1993年9月在弗吉尼亚州里士满开设首家门店，截至2025年1月在全美共运营253家线下门店。
KLC vs KMX — 直观对比
营收规模更大
KMX
是对方的8.6倍
$676.8M
营收增速更快
KLC
高出7.7%
-6.9%
净利率更高
KMX
高出0.4%
0.7%
自由现金流更多
KMX
多$1.1B
$62.6M
两年增速更快
KMX
近两年复合增速
0.4%
损益表 — Q3 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $676.8M | $5.8B |
| 净利润 | $4.5M | $62.2M |
| 毛利率 | — | 10.2% |
| 营业利润率 | 3.9% | — |
| 净利率 | 0.7% | 1.1% |
| 营收同比 | 0.8% | -6.9% |
| 净利润同比 | -67.4% | -50.4% |
| 每股收益（稀释后） | $0.04 | $0.43 |
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KLCKMX
| Q4 25 | — | $5.8B | ||
| Q3 25 | $676.8M | $6.6B | ||
| Q2 25 | $700.1M | $7.5B | ||
| Q1 25 | $668.2M | $6.0B | ||
| Q4 24 | $647.0M | $6.2B | ||
| Q3 24 | $671.5M | $7.0B | ||
| Q2 24 | — | $7.1B | ||
| Q1 24 | — | $5.6B |
净利润KLCKMX
| Q4 25 | — | $62.2M | ||
| Q3 25 | $4.5M | $95.4M | ||
| Q2 25 | $38.6M | $210.4M | ||
| Q1 25 | $21.2M | $89.9M | ||
| Q4 24 | $-133.6M | $125.4M | ||
| Q3 24 | $14.0M | $132.8M | ||
| Q2 24 | — | $152.4M | ||
| Q1 24 | — | $50.3M |
毛利率KLCKMX
| Q4 25 | — | 10.2% | ||
| Q3 25 | — | 10.9% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 11.1% | ||
| Q1 24 | — | 10.4% |
营业利润率KLCKMX
| Q4 25 | — | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 9.8% | — | ||
| Q1 25 | 7.3% | 2.0% | ||
| Q4 24 | -13.8% | 2.7% | ||
| Q3 24 | 8.1% | 2.5% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 1.2% |
净利率KLCKMX
| Q4 25 | — | 1.1% | ||
| Q3 25 | 0.7% | 1.4% | ||
| Q2 25 | 5.5% | 2.8% | ||
| Q1 25 | 3.2% | 1.5% | ||
| Q4 24 | -20.6% | 2.0% | ||
| Q3 24 | 2.1% | 1.9% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 0.9% |
每股收益（稀释后）KLCKMX
| Q4 25 | — | $0.43 | ||
| Q3 25 | $0.04 | $0.64 | ||
| Q2 25 | $0.33 | $1.38 | ||
| Q1 25 | $0.18 | $0.58 | ||
| Q4 24 | $-1.17 | $0.81 | ||
| Q3 24 | $0.15 | $0.85 | ||
| Q2 24 | — | $0.97 | ||
| Q1 24 | — | $0.31 |
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 | $174.7M | $204.9M |
| 总债务越低越好 | $930.9M | $16.6B |
| 股东权益账面价值 | $931.2M | $6.1B |
| 总资产 | $3.9B | $25.6B |
| 负债/权益比越低杠杆越低 | 1.00× | 2.74× |
8季度趋势，按日历期对齐
现金及短期投资KLCKMX
| Q4 25 | — | $204.9M | ||
| Q3 25 | $174.7M | $540.4M | ||
| Q2 25 | $119.0M | $262.8M | ||
| Q1 25 | $131.3M | $247.0M | ||
| Q4 24 | $62.3M | $271.9M | ||
| Q3 24 | $137.2M | $524.7M | ||
| Q2 24 | — | $218.9M | ||
| Q1 24 | — | $574.1M |
总债务KLCKMX
| Q4 25 | — | $16.6B | ||
| Q3 25 | $930.9M | $17.8B | ||
| Q2 25 | $926.5M | $18.0B | ||
| Q1 25 | $927.4M | $18.1B | ||
| Q4 24 | $926.0M | $18.1B | ||
| Q3 24 | $1.5B | $18.1B | ||
| Q2 24 | — | $18.2B | ||
| Q1 24 | — | $18.0B |
股东权益KLCKMX
| Q4 25 | — | $6.1B | ||
| Q3 25 | $931.2M | $6.2B | ||
| Q2 25 | $924.3M | $6.3B | ||
| Q1 25 | $884.9M | $6.2B | ||
| Q4 24 | $864.5M | $6.2B | ||
| Q3 24 | $235.6M | $6.2B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | — | $6.1B |
总资产KLCKMX
| Q4 25 | — | $25.6B | ||
| Q3 25 | $3.9B | $27.1B | ||
| Q2 25 | $3.8B | $27.4B | ||
| Q1 25 | $3.7B | $27.4B | ||
| Q4 24 | $3.6B | $27.3B | ||
| Q3 24 | $3.7B | $27.3B | ||
| Q2 24 | — | $27.2B | ||
| Q1 24 | — | $27.2B |
负债/权益比KLCKMX
| Q4 25 | — | 2.74× | ||
| Q3 25 | 1.00× | 2.87× | ||
| Q2 25 | 1.00× | 2.86× | ||
| Q1 25 | 1.05× | 2.91× | ||
| Q4 24 | 1.07× | 2.92× | ||
| Q3 24 | 6.42× | 2.93× | ||
| Q2 24 | — | 2.95× | ||
| Q1 24 | — | 2.96× |
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 | $100.8M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $62.6M | $1.1B |
| 自由现金流率自由现金流/营收 | 9.2% | 19.2% |
| 资本支出强度资本支出/营收 | 5.6% | 2.4% |
| 现金转化率经营现金流/净利润 | 22.15× | 20.14× |
| 过去12个月自由现金流最近4个季度 | — | $1.9B |
8季度趋势，按日历期对齐
经营现金流KLCKMX
| Q4 25 | — | $1.3B | ||
| Q3 25 | $100.8M | $785.5M | ||
| Q2 25 | — | $299.5M | ||
| Q1 25 | $98.4M | $146.4M | ||
| Q4 24 | — | $-23.4M | ||
| Q3 24 | — | $619.1M | ||
| Q2 24 | — | $-117.7M | ||
| Q1 24 | — | $309.6M |
自由现金流KLCKMX
| Q4 25 | — | $1.1B | ||
| Q3 25 | $62.6M | $654.0M | ||
| Q2 25 | — | $162.8M | ||
| Q1 25 | $75.1M | $18.8M | ||
| Q4 24 | — | $-150.6M | ||
| Q3 24 | — | $509.9M | ||
| Q2 24 | — | $-221.6M | ||
| Q1 24 | — | $199.8M |
自由现金流率KLCKMX
| Q4 25 | — | 19.2% | ||
| Q3 25 | 9.2% | 9.9% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | 11.2% | 0.3% | ||
| Q4 24 | — | -2.4% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | -3.1% | ||
| Q1 24 | — | 3.6% |
资本支出强度KLCKMX
| Q4 25 | — | 2.4% | ||
| Q3 25 | 5.6% | 2.0% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | 3.5% | 2.1% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 2.0% |
现金转化率KLCKMX
| Q4 25 | — | 20.14× | ||
| Q3 25 | 22.15× | 8.24× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | 4.65× | 1.63× | ||
| Q4 24 | — | -0.19× | ||
| Q3 24 | — | 4.66× | ||
| Q2 24 | — | -0.77× | ||
| Q1 24 | — | 6.16× |
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
KLC
| Early Childhood Education Centers | $627.0M | 93% |
| Before And After School Sites | $49.8M | 7% |
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
