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金佰利（KMB）与Kenvue（KVUE）财务数据对比。点击上方公司名可切换其他公司
金佰利的季度营收约是Kenvue的1.1倍（$4.2B vs $3.8B），金佰利净利率更高（16.2% vs 8.7%，领先7.5%），Kenvue同比增速更快（3.2% vs 2.7%），过去两年Kenvue的营收复合增速更高（-1.5% vs -9.0%）
金佰利是源自美国的跨国消费品及个人护理集团，主打纸质类消费品，同时生产卫生用纸制品、外科及医疗器具。旗下拥有舒洁面巾纸、高洁丝女性护理产品、好奇纸尿裤及婴儿湿巾、Scott卫生纸等知名品牌，产品销往全球多个国家和地区。
Kenvue是美国消费者健康企业，前身为强生集团消费者健康业务部门，旗下拥有邦迪、李施德林、露得清、泰诺、强生婴儿、仙特明等诸多知名消费健康品牌，总部现位于美国新泽西州萨米特。
KMB vs KVUE — 直观对比
营收规模更大
KMB
是对方的1.1倍
$3.8B
营收增速更快
KVUE
高出0.5%
2.7%
净利率更高
KMB
高出7.5%
8.7%
两年增速更快
KVUE
近两年复合增速
-9.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $3.8B |
| 净利润 | $675.0M | $330.0M |
| 毛利率 | 36.8% | 56.5% |
| 营业利润率 | 18.1% | 14.2% |
| 净利率 | 16.2% | 8.7% |
| 营收同比 | 2.7% | 3.2% |
| 净利润同比 | 17.8% | 12.6% |
| 每股收益（稀释后） | $2.00 | $0.16 |
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KMBKVUE
| Q1 26 | $4.2B | — | ||
| Q4 25 | $3.3B | $3.8B | ||
| Q3 25 | $4.2B | $3.8B | ||
| Q2 25 | $4.2B | $3.8B | ||
| Q1 25 | $4.8B | $3.7B | ||
| Q4 24 | $4.9B | $3.7B | ||
| Q3 24 | $5.0B | $3.9B | ||
| Q2 24 | $5.0B | $4.0B |
净利润KMBKVUE
| Q1 26 | $675.0M | — | ||
| Q4 25 | $499.0M | $330.0M | ||
| Q3 25 | $446.0M | $398.0M | ||
| Q2 25 | $509.0M | $420.0M | ||
| Q1 25 | $567.0M | $322.0M | ||
| Q4 24 | $447.0M | $293.0M | ||
| Q3 24 | $907.0M | $383.0M | ||
| Q2 24 | $544.0M | $58.0M |
毛利率KMBKVUE
| Q1 26 | 36.8% | — | ||
| Q4 25 | 37.7% | 56.5% | ||
| Q3 25 | 36.0% | 59.1% | ||
| Q2 25 | 35.0% | 58.9% | ||
| Q1 25 | 35.8% | 58.0% | ||
| Q4 24 | 34.0% | 56.5% | ||
| Q3 24 | 36.0% | 58.5% | ||
| Q2 24 | 36.0% | 59.1% |
营业利润率KMBKVUE
| Q1 26 | 18.1% | — | ||
| Q4 25 | 11.2% | 14.2% | ||
| Q3 25 | 15.0% | 16.7% | ||
| Q2 25 | 14.2% | 18.0% | ||
| Q1 25 | 15.9% | 14.9% | ||
| Q4 24 | 11.1% | 13.2% | ||
| Q3 24 | 23.3% | 16.8% | ||
| Q2 24 | 13.0% | 3.9% |
净利率KMBKVUE
| Q1 26 | 16.2% | — | ||
| Q4 25 | 15.1% | 8.7% | ||
| Q3 25 | 10.7% | 10.6% | ||
| Q2 25 | 12.2% | 10.9% | ||
| Q1 25 | 11.7% | 8.6% | ||
| Q4 24 | 9.1% | 8.0% | ||
| Q3 24 | 18.3% | 9.8% | ||
| Q2 24 | 10.8% | 1.5% |
每股收益（稀释后）KMBKVUE
| Q1 26 | $2.00 | — | ||
| Q4 25 | $1.50 | $0.16 | ||
| Q3 25 | $1.34 | $0.21 | ||
| Q2 25 | $1.53 | $0.22 | ||
| Q1 25 | $1.70 | $0.17 | ||
| Q4 24 | $1.34 | $0.16 | ||
| Q3 24 | $2.69 | $0.20 | ||
| Q2 24 | $1.61 | $0.03 |
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 | $542.0K | $1.1B |
| 总债务越低越好 | $6.5M | — |
| 股东权益账面价值 | $1.9M | $10.8B |
| 总资产 | $17.2M | $27.1B |
| 负债/权益比越低杠杆越低 | 3.38× | — |
8季度趋势，按日历期对齐
现金及短期投资KMBKVUE
| Q1 26 | $542.0K | — | ||
| Q4 25 | $688.0M | $1.1B | ||
| Q3 25 | $617.0M | $1.1B | ||
| Q2 25 | $634.0M | $1.1B | ||
| Q1 25 | $563.0M | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.2B | $1.0B |
总债务KMBKVUE
| Q1 26 | $6.5M | — | ||
| Q4 25 | $6.5B | — | ||
| Q3 25 | $6.5B | — | ||
| Q2 25 | $6.5B | — | ||
| Q1 25 | $6.5B | — | ||
| Q4 24 | $6.9B | — | ||
| Q3 24 | $6.9B | — | ||
| Q2 24 | $7.2B | — |
股东权益KMBKVUE
| Q1 26 | $1.9M | — | ||
| Q4 25 | $1.5B | $10.8B | ||
| Q3 25 | $1.3B | $10.6B | ||
| Q2 25 | $1.3B | $10.7B | ||
| Q1 25 | $1.1B | $10.1B | ||
| Q4 24 | $840.0M | $9.7B | ||
| Q3 24 | $1.3B | $10.6B | ||
| Q2 24 | $1.1B | $10.2B |
总资产KMBKVUE
| Q1 26 | $17.2M | — | ||
| Q4 25 | $17.1B | $27.1B | ||
| Q3 25 | $16.9B | $27.2B | ||
| Q2 25 | $16.8B | $27.1B | ||
| Q1 25 | $16.3B | $26.3B | ||
| Q4 24 | $16.5B | $25.6B | ||
| Q3 24 | $17.2B | $26.9B | ||
| Q2 24 | $17.3B | $26.4B |
负债/权益比KMBKVUE
| Q1 26 | 3.38× | — | ||
| Q4 25 | 4.31× | — | ||
| Q3 25 | 4.86× | — | ||
| Q2 25 | 5.09× | — | ||
| Q1 25 | 5.89× | — | ||
| Q4 24 | 8.18× | — | ||
| Q3 24 | 5.36× | — | ||
| Q2 24 | 6.30× | — |
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 | — | $854.0M |
| 自由现金流经营现金流 - 资本支出 | — | $744.0M |
| 自由现金流率自由现金流/营收 | — | 19.7% |
| 资本支出强度资本支出/营收 | — | 2.9% |
| 现金转化率经营现金流/净利润 | — | 2.59× |
| 过去12个月自由现金流最近4个季度 | — | $1.7B |
8季度趋势，按日历期对齐
经营现金流KMBKVUE
| Q1 26 | — | — | ||
| Q4 25 | $972.0M | $854.0M | ||
| Q3 25 | $708.0M | $294.0M | ||
| Q2 25 | $770.0M | $621.0M | ||
| Q1 25 | $327.0M | $428.0M | ||
| Q4 24 | $817.0M | $793.0M | ||
| Q3 24 | $958.0M | $249.0M | ||
| Q2 24 | $1.0B | $440.0M |
自由现金流KMBKVUE
| Q1 26 | — | — | ||
| Q4 25 | $575.0M | $744.0M | ||
| Q3 25 | $368.0M | $196.0M | ||
| Q2 25 | $573.0M | $533.0M | ||
| Q1 25 | $123.0M | $249.0M | ||
| Q4 24 | $608.0M | $661.0M | ||
| Q3 24 | $798.0M | $190.0M | ||
| Q2 24 | $863.0M | $350.0M |
自由现金流率KMBKVUE
| Q1 26 | — | — | ||
| Q4 25 | 17.5% | 19.7% | ||
| Q3 25 | 8.9% | 5.2% | ||
| Q2 25 | 13.8% | 13.9% | ||
| Q1 25 | 2.5% | 6.7% | ||
| Q4 24 | 12.3% | 18.1% | ||
| Q3 24 | 16.1% | 4.9% | ||
| Q2 24 | 17.2% | 8.8% |
资本支出强度KMBKVUE
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 2.9% | ||
| Q3 25 | 8.2% | 2.6% | ||
| Q2 25 | 4.7% | 2.3% | ||
| Q1 25 | 4.2% | 4.8% | ||
| Q4 24 | 4.2% | 3.6% | ||
| Q3 24 | 3.2% | 1.5% | ||
| Q2 24 | 3.1% | 2.3% |
现金转化率KMBKVUE
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | 2.59× | ||
| Q3 25 | 1.59× | 0.74× | ||
| Q2 25 | 1.51× | 1.48× | ||
| Q1 25 | 0.58× | 1.33× | ||
| Q4 24 | 1.83× | 2.71× | ||
| Q3 24 | 1.06× | 0.65× | ||
| Q2 24 | 1.88× | 7.59× |
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
KMB
| NA | $2.7B | 64% |
| IPC | $1.5B | 36% |
KVUE
| Self Care | $1.6B | 42% |
| Essential Health | $1.1B | 30% |
| Skin Health And Beauty | $1.0B | 28% |
