vs
金佰利（KMB）与Live Nation Entertainment（LYV）财务数据对比。点击上方公司名可切换其他公司
Live Nation Entertainment的季度营收约是金佰利的1.5倍（$6.3B vs $4.2B），金佰利净利率更高（16.2% vs -3.2%，领先19.4%），Live Nation Entertainment同比增速更快（11.1% vs 2.7%），过去两年Live Nation Entertainment的营收复合增速更高（28.9% 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。
Live Nation Entertainment是美国跨国娱乐企业，2010年由Live Nation与Ticketmaster合并成立，旗下保留运营两大原有品牌。公司业务覆盖全球，主营现场娱乐活动宣发、票务销售，同时持有并运营多家娱乐场馆，还为音乐人提供艺人经纪管理服务。
KMB vs LYV — 直观对比
营收规模更大
LYV
是对方的1.5倍
$4.2B
营收增速更快
LYV
高出8.4%
2.7%
净利率更高
KMB
高出19.4%
-3.2%
两年增速更快
LYV
近两年复合增速
-9.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $6.3B |
| 净利润 | $675.0M | $-202.1M |
| 毛利率 | 36.8% | — |
| 营业利润率 | 18.1% | -2.3% |
| 净利率 | 16.2% | -3.2% |
| 营收同比 | 2.7% | 11.1% |
| 净利润同比 | 17.8% | -204.6% |
| 每股收益（稀释后） | $2.00 | $-1.06 |
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KMBLYV
| Q1 26 | $4.2B | — | ||
| Q4 25 | $3.3B | $6.3B | ||
| Q3 25 | $4.2B | $8.5B | ||
| Q2 25 | $4.2B | $7.0B | ||
| Q1 25 | $4.8B | $3.4B | ||
| Q4 24 | $4.9B | $5.7B | ||
| Q3 24 | $5.0B | $7.7B | ||
| Q2 24 | $5.0B | $6.0B |
净利润KMBLYV
| Q1 26 | $675.0M | — | ||
| Q4 25 | $499.0M | $-202.1M | ||
| Q3 25 | $446.0M | $431.5M | ||
| Q2 25 | $509.0M | $243.4M | ||
| Q1 25 | $567.0M | $23.2M | ||
| Q4 24 | $447.0M | $193.2M | ||
| Q3 24 | $907.0M | $451.8M | ||
| Q2 24 | $544.0M | $298.0M |
毛利率KMBLYV
| Q1 26 | 36.8% | — | ||
| Q4 25 | 37.7% | — | ||
| Q3 25 | 36.0% | — | ||
| Q2 25 | 35.0% | — | ||
| Q1 25 | 35.8% | — | ||
| Q4 24 | 34.0% | — | ||
| Q3 24 | 36.0% | — | ||
| Q2 24 | 36.0% | — |
营业利润率KMBLYV
| Q1 26 | 18.1% | — | ||
| Q4 25 | 11.2% | -2.3% | ||
| Q3 25 | 15.0% | 9.3% | ||
| Q2 25 | 14.2% | 6.9% | ||
| Q1 25 | 15.9% | 3.4% | ||
| Q4 24 | 11.1% | -4.3% | ||
| Q3 24 | 23.3% | 8.4% | ||
| Q2 24 | 13.0% | 7.7% |
净利率KMBLYV
| Q1 26 | 16.2% | — | ||
| Q4 25 | 15.1% | -3.2% | ||
| Q3 25 | 10.7% | 5.1% | ||
| Q2 25 | 12.2% | 3.5% | ||
| Q1 25 | 11.7% | 0.7% | ||
| Q4 24 | 9.1% | 3.4% | ||
| Q3 24 | 18.3% | 5.9% | ||
| Q2 24 | 10.8% | 4.9% |
每股收益（稀释后）KMBLYV
| Q1 26 | $2.00 | — | ||
| Q4 25 | $1.50 | $-1.06 | ||
| Q3 25 | $1.34 | $0.73 | ||
| Q2 25 | $1.53 | $0.41 | ||
| Q1 25 | $1.70 | $-0.32 | ||
| Q4 24 | $1.34 | $0.58 | ||
| Q3 24 | $2.69 | $1.66 | ||
| Q2 24 | $1.61 | $1.03 |
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 | $7.1B |
| 总债务越低越好 | $6.5M | $7.6B |
| 股东权益账面价值 | $1.9M | $271.0M |
| 总资产 | $17.2M | $22.9B |
| 负债/权益比越低杠杆越低 | 3.38× | 28.09× |
8季度趋势，按日历期对齐
现金及短期投资KMBLYV
| Q1 26 | $542.0K | — | ||
| Q4 25 | $688.0M | $7.1B | ||
| Q3 25 | $617.0M | $6.8B | ||
| Q2 25 | $634.0M | $7.1B | ||
| Q1 25 | $563.0M | $7.2B | ||
| Q4 24 | $1.0B | $6.1B | ||
| Q3 24 | $1.1B | $5.5B | ||
| Q2 24 | $1.2B | $6.4B |
总债务KMBLYV
| Q1 26 | $6.5M | — | ||
| Q4 25 | $6.5B | $7.6B | ||
| Q3 25 | $6.5B | $6.1B | ||
| Q2 25 | $6.5B | $5.0B | ||
| Q1 25 | $6.5B | $5.9B | ||
| Q4 24 | $6.9B | $6.2B | ||
| Q3 24 | $6.9B | $5.7B | ||
| Q2 24 | $7.2B | $5.1B |
股东权益KMBLYV
| Q1 26 | $1.9M | — | ||
| Q4 25 | $1.5B | $271.0M | ||
| Q3 25 | $1.3B | $521.3M | ||
| Q2 25 | $1.3B | $360.1M | ||
| Q1 25 | $1.1B | $106.0M | ||
| Q4 24 | $840.0M | $173.3M | ||
| Q3 24 | $1.3B | $288.0M | ||
| Q2 24 | $1.1B | $-43.3M |
总资产KMBLYV
| Q1 26 | $17.2M | — | ||
| Q4 25 | $17.1B | $22.9B | ||
| Q3 25 | $16.9B | $22.9B | ||
| Q2 25 | $16.8B | $23.2B | ||
| Q1 25 | $16.3B | $21.8B | ||
| Q4 24 | $16.5B | $19.6B | ||
| Q3 24 | $17.2B | $19.7B | ||
| Q2 24 | $17.3B | $20.5B |
负债/权益比KMBLYV
| Q1 26 | 3.38× | — | ||
| Q4 25 | 4.31× | 28.09× | ||
| Q3 25 | 4.86× | 11.71× | ||
| Q2 25 | 5.09× | 13.86× | ||
| Q1 25 | 5.89× | 55.93× | ||
| Q4 24 | 8.18× | 35.65× | ||
| Q3 24 | 5.36× | 19.70× | ||
| 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 | — | $-53.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-405.6M |
| 自由现金流率自由现金流/营收 | — | -6.4% |
| 资本支出强度资本支出/营收 | — | 5.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $333.6M |
8季度趋势，按日历期对齐
经营现金流KMBLYV
| Q1 26 | — | — | ||
| Q4 25 | $972.0M | $-53.7M | ||
| Q3 25 | $708.0M | $-95.7M | ||
| Q2 25 | $770.0M | $223.5M | ||
| Q1 25 | $327.0M | $1.3B | ||
| Q4 24 | $817.0M | $1.0B | ||
| Q3 24 | $958.0M | $-720.9M | ||
| Q2 24 | $1.0B | $412.1M |
自由现金流KMBLYV
| Q1 26 | — | — | ||
| Q4 25 | $575.0M | $-405.6M | ||
| Q3 25 | $368.0M | $-371.3M | ||
| Q2 25 | $573.0M | $-39.9M | ||
| Q1 25 | $123.0M | $1.2B | ||
| Q4 24 | $608.0M | $890.2M | ||
| Q3 24 | $798.0M | $-879.0M | ||
| Q2 24 | $863.0M | $212.4M |
自由现金流率KMBLYV
| Q1 26 | — | — | ||
| Q4 25 | 17.5% | -6.4% | ||
| Q3 25 | 8.9% | -4.4% | ||
| Q2 25 | 13.8% | -0.6% | ||
| Q1 25 | 2.5% | 34.0% | ||
| Q4 24 | 12.3% | 15.7% | ||
| Q3 24 | 16.1% | -11.5% | ||
| Q2 24 | 17.2% | 3.5% |
资本支出强度KMBLYV
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 5.6% | ||
| Q3 25 | 8.2% | 3.2% | ||
| Q2 25 | 4.7% | 3.8% | ||
| Q1 25 | 4.2% | 5.0% | ||
| Q4 24 | 4.2% | 2.7% | ||
| Q3 24 | 3.2% | 2.1% | ||
| Q2 24 | 3.1% | 3.3% |
现金转化率KMBLYV
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | — | ||
| Q3 25 | 1.59× | -0.22× | ||
| Q2 25 | 1.51× | 0.92× | ||
| Q1 25 | 0.58× | 56.94× | ||
| Q4 24 | 1.83× | 5.41× | ||
| Q3 24 | 1.06× | -1.60× | ||
| Q2 24 | 1.88× | 1.38× |
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% |
LYV
| Concerts | $5.1B | 82% |
| Ticketing | $846.2M | 13% |
| Sponsorship And Advertising | $329.9M | 5% |
