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KinderCare Learning Companies, Inc.（KLC）与Pinnacle West Capital（PNW）财务数据对比。点击上方公司名可切换其他公司
Pinnacle West Capital的季度营收约是KinderCare Learning Companies, Inc.的1.7倍（$1.1B vs $676.8M），Pinnacle West Capital净利率更高（1.6% vs 0.7%，领先0.9%），Pinnacle West Capital同比增速更快（3.0% vs 0.8%），KinderCare Learning Companies, Inc.自由现金流更多（$62.6M vs $-192.7M）
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。
Pinnacle West Capital是美国公用事业控股企业，旗下拥有亚利桑那州规模最大的公用事业公司亚利桑那公共服务（APS）。公司于纽约证券交易所上市，是标普500指数成分股，运营受亚利桑那州公司委员会监管。
KLC vs PNW — 直观对比
营收规模更大
PNW
是对方的1.7倍
$676.8M
营收增速更快
PNW
高出2.2%
0.8%
净利率更高
PNW
高出0.9%
0.7%
自由现金流更多
KLC
多$255.3M
$-192.7M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $676.8M | $1.1B |
| 净利润 | $4.5M | $17.6M |
| 毛利率 | — | — |
| 营业利润率 | 3.9% | 10.7% |
| 净利率 | 0.7% | 1.6% |
| 营收同比 | 0.8% | 3.0% |
| 净利润同比 | -67.4% | 798.0% |
| 每股收益（稀释后） | $0.04 | $0.12 |
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KLCPNW
| Q4 25 | — | $1.1B | ||
| Q3 25 | $676.8M | $1.8B | ||
| Q2 25 | $700.1M | $1.4B | ||
| Q1 25 | $668.2M | $1.0B | ||
| Q4 24 | $647.0M | $1.1B | ||
| Q3 24 | $671.5M | $1.8B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $951.7M |
净利润KLCPNW
| Q4 25 | — | $17.6M | ||
| Q3 25 | $4.5M | $417.5M | ||
| Q2 25 | $38.6M | $196.9M | ||
| Q1 25 | $21.2M | $-338.0K | ||
| Q4 24 | $-133.6M | $-2.5M | ||
| Q3 24 | $14.0M | $399.3M | ||
| Q2 24 | — | $208.1M | ||
| Q1 24 | — | $21.2M |
营业利润率KLCPNW
| Q4 25 | — | 10.7% | ||
| Q3 25 | 3.9% | 32.0% | ||
| Q2 25 | 9.8% | 22.6% | ||
| Q1 25 | 7.3% | 5.5% | ||
| Q4 24 | -13.8% | 7.7% | ||
| Q3 24 | 8.1% | 30.9% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | — | 7.0% |
净利率KLCPNW
| Q4 25 | — | 1.6% | ||
| Q3 25 | 0.7% | 22.9% | ||
| Q2 25 | 5.5% | 14.5% | ||
| Q1 25 | 3.2% | -0.0% | ||
| Q4 24 | -20.6% | -0.2% | ||
| Q3 24 | 2.1% | 22.6% | ||
| Q2 24 | — | 15.9% | ||
| Q1 24 | — | 2.2% |
每股收益（稀释后）KLCPNW
| Q4 25 | — | $0.12 | ||
| Q3 25 | $0.04 | $3.39 | ||
| Q2 25 | $0.33 | $1.58 | ||
| Q1 25 | $0.18 | $-0.04 | ||
| Q4 24 | $-1.17 | $-0.04 | ||
| Q3 24 | $0.15 | $3.37 | ||
| Q2 24 | — | $1.76 | ||
| Q1 24 | — | $0.15 |
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 | $6.6M |
| 总债务越低越好 | $930.9M | — |
| 股东权益账面价值 | $931.2M | $7.0B |
| 总资产 | $3.9B | $30.0B |
| 负债/权益比越低杠杆越低 | 1.00× | — |
8季度趋势，按日历期对齐
现金及短期投资KLCPNW
| Q4 25 | — | $6.6M | ||
| Q3 25 | $174.7M | $30.9M | ||
| Q2 25 | $119.0M | $18.8M | ||
| Q1 25 | $131.3M | $10.0M | ||
| Q4 24 | $62.3M | $3.8M | ||
| Q3 24 | $137.2M | $49.2M | ||
| Q2 24 | — | $4.0M | ||
| Q1 24 | — | $9.6M |
总债务KLCPNW
| Q4 25 | — | — | ||
| Q3 25 | $930.9M | — | ||
| Q2 25 | $926.5M | — | ||
| Q1 25 | $927.4M | — | ||
| Q4 24 | $926.0M | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益KLCPNW
| Q4 25 | — | $7.0B | ||
| Q3 25 | $931.2M | $7.2B | ||
| Q2 25 | $924.3M | $6.7B | ||
| Q1 25 | $884.9M | $6.7B | ||
| Q4 24 | $864.5M | $6.8B | ||
| Q3 24 | $235.6M | $6.6B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | — | $6.2B |
总资产KLCPNW
| Q4 25 | — | $30.0B | ||
| Q3 25 | $3.9B | $29.9B | ||
| Q2 25 | $3.8B | $29.2B | ||
| Q1 25 | $3.7B | $27.2B | ||
| Q4 24 | $3.6B | $26.1B | ||
| Q3 24 | $3.7B | $26.3B | ||
| Q2 24 | — | $25.7B | ||
| Q1 24 | — | $24.8B |
负债/权益比KLCPNW
| Q4 25 | — | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 6.42× | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $100.8M | $476.8M |
| 自由现金流经营现金流 - 资本支出 | $62.6M | $-192.7M |
| 自由现金流率自由现金流/营收 | 9.2% | -17.1% |
| 资本支出强度资本支出/营收 | 5.6% | 59.3% |
| 现金转化率经营现金流/净利润 | 22.15× | 27.09× |
| 过去12个月自由现金流最近4个季度 | — | $-819.5M |
8季度趋势，按日历期对齐
经营现金流KLCPNW
| Q4 25 | — | $476.8M | ||
| Q3 25 | $100.8M | $665.0M | ||
| Q2 25 | $35.0M | $261.4M | ||
| Q1 25 | $98.4M | $401.9M | ||
| Q4 24 | — | $439.5M | ||
| Q3 24 | — | $633.2M | ||
| Q2 24 | — | $189.8M | ||
| Q1 24 | — | $347.4M |
自由现金流KLCPNW
| Q4 25 | — | $-192.7M | ||
| Q3 25 | $62.6M | $42.0M | ||
| Q2 25 | $671.0K | $-448.1M | ||
| Q1 25 | $75.1M | $-220.7M | ||
| Q4 24 | — | $-92.1M | ||
| Q3 24 | — | $-32.7M | ||
| Q2 24 | — | $-344.2M | ||
| Q1 24 | — | $-170.4M |
自由现金流率KLCPNW
| Q4 25 | — | -17.1% | ||
| Q3 25 | 9.2% | 2.3% | ||
| Q2 25 | 0.1% | -33.0% | ||
| Q1 25 | 11.2% | -21.4% | ||
| Q4 24 | — | -8.4% | ||
| Q3 24 | — | -1.8% | ||
| Q2 24 | — | -26.3% | ||
| Q1 24 | — | -17.9% |
资本支出强度KLCPNW
| Q4 25 | — | 59.3% | ||
| Q3 25 | 5.6% | 34.2% | ||
| Q2 25 | 4.9% | 52.2% | ||
| Q1 25 | 3.5% | 60.3% | ||
| Q4 24 | — | 48.5% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 54.4% |
现金转化率KLCPNW
| Q4 25 | — | 27.09× | ||
| Q3 25 | 22.15× | 1.59× | ||
| Q2 25 | 0.91× | 1.33× | ||
| Q1 25 | 4.65× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.59× | ||
| Q2 24 | — | 0.91× | ||
| Q1 24 | — | 16.41× |
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% |
PNW
| Electricand Transmission Service | $1.1B | 100% |
| Other Services | $4.4M | 0% |
