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金佰利（KMB）与联合太平洋（UNP）财务数据对比。点击上方公司名可切换其他公司
联合太平洋的季度营收约是金佰利的1.5倍（$6.2B vs $4.2B），联合太平洋净利率更高（27.4% vs 16.2%，领先11.1%），联合太平洋同比增速更快（3.2% vs 2.7%），过去两年联合太平洋的营收复合增速更高（1.7% 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。
联合太平洋是美国一级货运铁路运营商，共运营8300台机车，线路总长超5.18万公里，覆盖芝加哥、新奥尔良以西的23个美国州，是全美规模仅次于BNSF的第二大铁路企业。
KMB vs UNP — 直观对比
营收规模更大
UNP
是对方的1.5倍
$4.2B
营收增速更快
UNP
高出0.5%
2.7%
净利率更高
UNP
高出11.1%
16.2%
两年增速更快
UNP
近两年复合增速
-9.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $6.2B |
| 净利润 | $675.0M | $1.7B |
| 毛利率 | 36.8% | — |
| 营业利润率 | 18.1% | 39.5% |
| 净利率 | 16.2% | 27.4% |
| 营收同比 | 2.7% | 3.2% |
| 净利润同比 | 17.8% | 4.6% |
| 每股收益（稀释后） | $2.00 | $2.87 |
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KMBUNP
| Q1 26 | $4.2B | $6.2B | ||
| Q4 25 | $3.3B | $6.1B | ||
| Q3 25 | $4.2B | $6.2B | ||
| Q2 25 | $4.2B | $6.2B | ||
| Q1 25 | $4.8B | $6.0B | ||
| Q4 24 | $4.9B | $6.1B | ||
| Q3 24 | $5.0B | $6.1B | ||
| Q2 24 | $5.0B | $6.0B |
净利润KMBUNP
| Q1 26 | $675.0M | $1.7B | ||
| Q4 25 | $499.0M | $1.8B | ||
| Q3 25 | $446.0M | $1.8B | ||
| Q2 25 | $509.0M | $1.9B | ||
| Q1 25 | $567.0M | $1.6B | ||
| Q4 24 | $447.0M | $1.8B | ||
| Q3 24 | $907.0M | $1.7B | ||
| Q2 24 | $544.0M | $1.7B |
毛利率KMBUNP
| 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KMBUNP
| Q1 26 | 18.1% | 39.5% | ||
| Q4 25 | 11.2% | 39.5% | ||
| Q3 25 | 15.0% | 40.8% | ||
| Q2 25 | 14.2% | 41.0% | ||
| Q1 25 | 15.9% | 39.3% | ||
| Q4 24 | 11.1% | 41.3% | ||
| Q3 24 | 23.3% | 39.7% | ||
| Q2 24 | 13.0% | 40.0% |
净利率KMBUNP
| Q1 26 | 16.2% | 27.4% | ||
| Q4 25 | 15.1% | 30.4% | ||
| Q3 25 | 10.7% | 28.6% | ||
| Q2 25 | 12.2% | 30.5% | ||
| Q1 25 | 11.7% | 27.0% | ||
| Q4 24 | 9.1% | 28.8% | ||
| Q3 24 | 18.3% | 27.4% | ||
| Q2 24 | 10.8% | 27.9% |
每股收益（稀释后）KMBUNP
| Q1 26 | $2.00 | $2.87 | ||
| Q4 25 | $1.50 | $3.12 | ||
| Q3 25 | $1.34 | $3.01 | ||
| Q2 25 | $1.53 | $3.15 | ||
| Q1 25 | $1.70 | $2.70 | ||
| Q4 24 | $1.34 | $2.91 | ||
| Q3 24 | $2.69 | $2.75 | ||
| Q2 24 | $1.61 | $2.74 |
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 | $735.0M |
| 总债务越低越好 | $6.5M | — |
| 股东权益账面价值 | $1.9M | — |
| 总资产 | $17.2M | $69.6B |
| 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KMBUNP
| Q1 26 | $542.0K | $735.0M | ||
| Q4 25 | $688.0M | $1.3B | ||
| Q3 25 | $617.0M | $808.0M | ||
| Q2 25 | $634.0M | $1.1B | ||
| Q1 25 | $563.0M | $1.4B | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $1.1B | $947.0M | ||
| Q2 24 | $1.2B | $1.1B |
总债务KMBUNP
| Q1 26 | $6.5M | — | ||
| Q4 25 | $6.5B | $30.3B | ||
| Q3 25 | $6.5B | $30.3B | ||
| Q2 25 | $6.5B | $30.3B | ||
| Q1 25 | $6.5B | $30.6B | ||
| Q4 24 | $6.9B | $29.8B | ||
| Q3 24 | $6.9B | $29.8B | ||
| Q2 24 | $7.2B | $31.2B |
股东权益KMBUNP
| Q1 26 | $1.9M | — | ||
| Q4 25 | $1.5B | $18.5B | ||
| Q3 25 | $1.3B | $17.3B | ||
| Q2 25 | $1.3B | $16.3B | ||
| Q1 25 | $1.1B | $16.0B | ||
| Q4 24 | $840.0M | $16.9B | ||
| Q3 24 | $1.3B | $16.6B | ||
| Q2 24 | $1.1B | $16.5B |
总资产KMBUNP
| Q1 26 | $17.2M | $69.6B | ||
| Q4 25 | $17.1B | $69.7B | ||
| Q3 25 | $16.9B | $68.6B | ||
| Q2 25 | $16.8B | $68.6B | ||
| Q1 25 | $16.3B | $68.5B | ||
| Q4 24 | $16.5B | $67.7B | ||
| Q3 24 | $17.2B | $67.6B | ||
| Q2 24 | $17.3B | $67.8B |
负债/权益比KMBUNP
| Q1 26 | 3.38× | — | ||
| Q4 25 | 4.31× | 1.64× | ||
| Q3 25 | 4.86× | 1.75× | ||
| Q2 25 | 5.09× | 1.86× | ||
| Q1 25 | 5.89× | 1.91× | ||
| Q4 24 | 8.18× | 1.76× | ||
| Q3 24 | 5.36× | 1.79× | ||
| Q2 24 | 6.30× | 1.89× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $631.0M |
| 自由现金流率自由现金流/营收 | — | 10.1% |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | $4.8B |
8季度趋势，按日历期对齐
经营现金流KMBUNP
| Q1 26 | — | — | ||
| Q4 25 | $972.0M | $2.2B | ||
| Q3 25 | $708.0M | $2.5B | ||
| Q2 25 | $770.0M | $2.3B | ||
| Q1 25 | $327.0M | $2.2B | ||
| Q4 24 | $817.0M | $2.7B | ||
| Q3 24 | $958.0M | $2.7B | ||
| Q2 24 | $1.0B | $1.9B |
自由现金流KMBUNP
| Q1 26 | — | $631.0M | ||
| Q4 25 | $575.0M | $1.2B | ||
| Q3 25 | $368.0M | $1.6B | ||
| Q2 25 | $573.0M | $1.4B | ||
| Q1 25 | $123.0M | $1.3B | ||
| Q4 24 | $608.0M | $1.7B | ||
| Q3 24 | $798.0M | $1.8B | ||
| Q2 24 | $863.0M | $1.0B |
自由现金流率KMBUNP
| Q1 26 | — | 10.1% | ||
| Q4 25 | 17.5% | 20.1% | ||
| Q3 25 | 8.9% | 25.2% | ||
| Q2 25 | 13.8% | 22.7% | ||
| Q1 25 | 2.5% | 21.6% | ||
| Q4 24 | 12.3% | 28.4% | ||
| Q3 24 | 16.1% | 29.9% | ||
| Q2 24 | 17.2% | 16.8% |
资本支出强度KMBUNP
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 16.4% | ||
| Q3 25 | 8.2% | 15.2% | ||
| Q2 25 | 4.7% | 15.2% | ||
| Q1 25 | 4.2% | 15.0% | ||
| Q4 24 | 4.2% | 15.1% | ||
| Q3 24 | 3.2% | 13.6% | ||
| Q2 24 | 3.1% | 15.0% |
现金转化率KMBUNP
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | 1.20× | ||
| Q3 25 | 1.59× | 1.41× | ||
| Q2 25 | 1.51× | 1.24× | ||
| Q1 25 | 0.58× | 1.36× | ||
| Q4 24 | 1.83× | 1.51× | ||
| Q3 24 | 1.06× | 1.59× | ||
| Q2 24 | 1.88× | 1.14× |
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% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
