vs
金佰利（KMB）与QVC Group, Inc.（QVCGA）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QVC Group, Inc.的1.6倍（$4.2B vs $2.7B），金佰利净利率更高（16.2% vs -1.4%，领先17.6%），金佰利同比增速更快（2.7% vs -9.1%），过去两年QVC Group, Inc.的营收复合增速更高（6.9% 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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
KMB vs QVCGA — 直观对比
营收规模更大
KMB
是对方的1.6倍
$2.7B
营收增速更快
KMB
高出11.8%
-9.1%
净利率更高
KMB
高出17.6%
-1.4%
两年增速更快
QVCGA
近两年复合增速
-9.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.7B |
| 净利润 | $675.0M | $-37.0M |
| 毛利率 | 36.8% | 32.9% |
| 营业利润率 | 18.1% | 3.7% |
| 净利率 | 16.2% | -1.4% |
| 营收同比 | 2.7% | -9.1% |
| 净利润同比 | 17.8% | 97.1% |
| 每股收益（稀释后） | $2.00 | $-17.37 |
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KMBQVCGA
| Q1 26 | $4.2B | — | ||
| Q4 25 | $3.3B | $2.7B | ||
| Q3 25 | $4.2B | $2.2B | ||
| Q2 25 | $4.2B | $2.2B | ||
| Q1 25 | $4.8B | $2.1B | ||
| Q4 24 | $4.9B | $2.9B | ||
| Q3 24 | $5.0B | $2.3B | ||
| Q2 24 | $5.0B | $2.4B |
净利润KMBQVCGA
| Q1 26 | $675.0M | — | ||
| Q4 25 | $499.0M | $-37.0M | ||
| Q3 25 | $446.0M | $-80.0M | ||
| Q2 25 | $509.0M | $-2.2B | ||
| Q1 25 | $567.0M | $-100.0M | ||
| Q4 24 | $447.0M | $-1.3B | ||
| Q3 24 | $907.0M | $-23.0M | ||
| Q2 24 | $544.0M | $20.0M |
毛利率KMBQVCGA
| Q1 26 | 36.8% | — | ||
| Q4 25 | 37.7% | 32.9% | ||
| Q3 25 | 36.0% | 34.0% | ||
| Q2 25 | 35.0% | 36.4% | ||
| Q1 25 | 35.8% | 34.2% | ||
| Q4 24 | 34.0% | 33.3% | ||
| Q3 24 | 36.0% | 35.3% | ||
| Q2 24 | 36.0% | 36.4% |
营业利润率KMBQVCGA
| Q1 26 | 18.1% | — | ||
| Q4 25 | 11.2% | 3.7% | ||
| Q3 25 | 15.0% | 2.7% | ||
| Q2 25 | 14.2% | -101.6% | ||
| Q1 25 | 15.9% | 0.7% | ||
| Q4 24 | 11.1% | -43.2% | ||
| Q3 24 | 23.3% | 6.5% | ||
| Q2 24 | 13.0% | 6.9% |
净利率KMBQVCGA
| Q1 26 | 16.2% | — | ||
| Q4 25 | 15.1% | -1.4% | ||
| Q3 25 | 10.7% | -3.6% | ||
| Q2 25 | 12.2% | -99.4% | ||
| Q1 25 | 11.7% | -4.8% | ||
| Q4 24 | 9.1% | -43.7% | ||
| Q3 24 | 18.3% | -1.0% | ||
| Q2 24 | 10.8% | 0.8% |
每股收益（稀释后）KMBQVCGA
| Q1 26 | $2.00 | — | ||
| Q4 25 | $1.50 | $-17.37 | ||
| Q3 25 | $1.34 | $-9.89 | ||
| Q2 25 | $1.53 | $-275.46 | ||
| Q1 25 | $1.70 | $-0.25 | ||
| Q4 24 | $1.34 | — | ||
| Q3 24 | $2.69 | $-0.06 | ||
| Q2 24 | $1.61 | $2.57 |
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 | $2.0B |
| 总债务越低越好 | $6.5M | $790.0M |
| 股东权益账面价值 | $1.9M | $-3.1B |
| 总资产 | $17.2M | $7.6B |
| 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KMBQVCGA
| Q1 26 | $542.0K | — | ||
| Q4 25 | $688.0M | $2.0B | ||
| Q3 25 | $617.0M | $1.8B | ||
| Q2 25 | $634.0M | $897.0M | ||
| Q1 25 | $563.0M | $833.0M | ||
| Q4 24 | $1.0B | $905.0M | ||
| Q3 24 | $1.1B | $873.0M | ||
| Q2 24 | $1.2B | $1.2B |
总债务KMBQVCGA
| Q1 26 | $6.5M | — | ||
| Q4 25 | $6.5B | $790.0M | ||
| Q3 25 | $6.5B | $5.9B | ||
| Q2 25 | $6.5B | $4.9B | ||
| Q1 25 | $6.5B | $5.0B | ||
| Q4 24 | $6.9B | $4.1B | ||
| Q3 24 | $6.9B | $5.1B | ||
| Q2 24 | $7.2B | $5.3B |
股东权益KMBQVCGA
| Q1 26 | $1.9M | — | ||
| Q4 25 | $1.5B | $-3.1B | ||
| Q3 25 | $1.3B | $-3.1B | ||
| Q2 25 | $1.3B | $-3.0B | ||
| Q1 25 | $1.1B | $-981.0M | ||
| Q4 24 | $840.0M | $-971.0M | ||
| Q3 24 | $1.3B | $397.0M | ||
| Q2 24 | $1.1B | $328.0M |
总资产KMBQVCGA
| Q1 26 | $17.2M | — | ||
| Q4 25 | $17.1B | $7.6B | ||
| Q3 25 | $16.9B | $7.6B | ||
| Q2 25 | $16.8B | $6.7B | ||
| Q1 25 | $16.3B | $9.0B | ||
| Q4 24 | $16.5B | $9.2B | ||
| Q3 24 | $17.2B | $10.8B | ||
| Q2 24 | $17.3B | $10.9B |
负债/权益比KMBQVCGA
| 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× | 12.74× | ||
| Q2 24 | 6.30× | 16.28× |
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 | — | $244.0M |
| 自由现金流经营现金流 - 资本支出 | — | $191.0M |
| 自由现金流率自由现金流/营收 | — | 7.1% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 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 | — | $118.0M |
8季度趋势，按日历期对齐
经营现金流KMBQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $972.0M | $244.0M | ||
| Q3 25 | $708.0M | $4.0M | ||
| Q2 25 | $770.0M | $86.0M | ||
| Q1 25 | $327.0M | $-60.0M | ||
| Q4 24 | $817.0M | $212.0M | ||
| Q3 24 | $958.0M | $20.0M | ||
| Q2 24 | $1.0B | $267.0M |
自由现金流KMBQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $575.0M | $191.0M | ||
| Q3 25 | $368.0M | $-27.0M | ||
| Q2 25 | $573.0M | $48.0M | ||
| Q1 25 | $123.0M | $-94.0M | ||
| Q4 24 | $608.0M | $150.0M | ||
| Q3 24 | $798.0M | $-23.0M | ||
| Q2 24 | $863.0M | $213.0M |
自由现金流率KMBQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 17.5% | 7.1% | ||
| Q3 25 | 8.9% | -1.2% | ||
| Q2 25 | 13.8% | 2.1% | ||
| Q1 25 | 2.5% | -4.5% | ||
| Q4 24 | 12.3% | 5.1% | ||
| Q3 24 | 16.1% | -1.0% | ||
| Q2 24 | 17.2% | 8.8% |
资本支出强度KMBQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 2.0% | ||
| Q3 25 | 8.2% | 1.4% | ||
| Q2 25 | 4.7% | 1.7% | ||
| Q1 25 | 4.2% | 1.6% | ||
| Q4 24 | 4.2% | 2.1% | ||
| Q3 24 | 3.2% | 1.8% | ||
| Q2 24 | 3.1% | 2.2% |
现金转化率KMBQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | — | ||
| Q3 25 | 1.59× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 1.06× | — | ||
| Q2 24 | 1.88× | 13.35× |
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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
