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金佰利（KMB）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是金佰利的1.8倍（$7.4B vs $4.2B），美国合众银行净利率更高（27.8% vs 16.2%，领先11.6%），美国合众银行同比增速更快（5.1% vs 2.7%），过去两年美国合众银行的营收复合增速更高（4.7% 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。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
KMB vs USB — 直观对比
营收规模更大
USB
是对方的1.8倍
$4.2B
营收增速更快
USB
高出2.4%
2.7%
净利率更高
USB
高出11.6%
16.2%
两年增速更快
USB
近两年复合增速
-9.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $7.4B |
| 净利润 | $675.0M | $2.0B |
| 毛利率 | 36.8% | — |
| 营业利润率 | 18.1% | 34.4% |
| 净利率 | 16.2% | 27.8% |
| 营收同比 | 2.7% | 5.1% |
| 净利润同比 | 17.3% | 23.0% |
| 每股收益（稀释后） | $2.00 | $1.26 |
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KMBUSB
| Q1 26 | $4.2B | — | ||
| Q4 25 | $3.3B | $7.4B | ||
| Q3 25 | $4.2B | $7.3B | ||
| Q2 25 | $4.2B | $7.0B | ||
| Q1 25 | $4.8B | $7.0B | ||
| Q4 24 | $4.9B | $7.0B | ||
| Q3 24 | $5.0B | $6.9B | ||
| Q2 24 | $5.0B | $6.9B |
净利润KMBUSB
| Q1 26 | $675.0M | — | ||
| Q4 25 | $499.0M | $2.0B | ||
| Q3 25 | $446.0M | $2.0B | ||
| Q2 25 | $509.0M | $1.8B | ||
| Q1 25 | $567.0M | $1.7B | ||
| Q4 24 | $447.0M | $1.7B | ||
| Q3 24 | $907.0M | $1.7B | ||
| Q2 24 | $544.0M | $1.6B |
毛利率KMBUSB
| 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KMBUSB
| Q1 26 | 18.1% | — | ||
| Q4 25 | 11.2% | 34.4% | ||
| Q3 25 | 15.0% | 34.5% | ||
| Q2 25 | 14.2% | 32.7% | ||
| Q1 25 | 15.9% | 31.0% | ||
| Q4 24 | 11.1% | 30.1% | ||
| Q3 24 | 23.3% | 30.2% | ||
| Q2 24 | 13.0% | 29.9% |
净利率KMBUSB
| Q1 26 | 16.2% | — | ||
| Q4 25 | 15.1% | 27.8% | ||
| Q3 25 | 10.7% | 27.3% | ||
| Q2 25 | 12.2% | 25.9% | ||
| Q1 25 | 11.7% | 24.6% | ||
| Q4 24 | 9.1% | 23.7% | ||
| Q3 24 | 18.3% | 25.0% | ||
| Q2 24 | 10.8% | 23.3% |
每股收益（稀释后）KMBUSB
| Q1 26 | $2.00 | — | ||
| Q4 25 | $1.50 | $1.26 | ||
| Q3 25 | $1.34 | $1.22 | ||
| Q2 25 | $1.53 | $1.11 | ||
| Q1 25 | $1.70 | $1.03 | ||
| Q4 24 | $1.34 | $1.01 | ||
| Q3 24 | $2.69 | $1.03 | ||
| Q2 24 | $1.61 | $0.97 |
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 | — |
| 总债务越低越好 | $6.5M | — |
| 股东权益账面价值 | $1.9M | $65.2B |
| 总资产 | $17.2M | $692.3B |
| 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KMBUSB
| Q1 26 | $542.0K | — | ||
| Q4 25 | $688.0M | — | ||
| Q3 25 | $617.0M | — | ||
| Q2 25 | $634.0M | — | ||
| Q1 25 | $563.0M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.2B | — |
总债务KMBUSB
| 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KMBUSB
| Q1 26 | $1.9M | — | ||
| Q4 25 | $1.5B | $65.2B | ||
| Q3 25 | $1.3B | $63.3B | ||
| Q2 25 | $1.3B | $61.4B | ||
| Q1 25 | $1.1B | $60.1B | ||
| Q4 24 | $840.0M | $58.6B | ||
| Q3 24 | $1.3B | $58.9B | ||
| Q2 24 | $1.1B | $56.4B |
总资产KMBUSB
| Q1 26 | $17.2M | — | ||
| Q4 25 | $17.1B | $692.3B | ||
| Q3 25 | $16.9B | $695.4B | ||
| Q2 25 | $16.8B | $686.4B | ||
| Q1 25 | $16.3B | $676.5B | ||
| Q4 24 | $16.5B | $678.3B | ||
| Q3 24 | $17.2B | $686.5B | ||
| Q2 24 | $17.3B | $680.1B |
负债/权益比KMBUSB
| 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 | — | $2.8B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | 1.39× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流KMBUSB
| Q1 26 | — | — | ||
| Q4 25 | $972.0M | $2.8B | ||
| Q3 25 | $708.0M | $3.4B | ||
| Q2 25 | $770.0M | $2.0B | ||
| Q1 25 | $327.0M | $-285.0M | ||
| Q4 24 | $817.0M | $4.8B | ||
| Q3 24 | $958.0M | $972.0M | ||
| Q2 24 | $1.0B | $2.9B |
自由现金流KMBUSB
| Q1 26 | — | — | ||
| Q4 25 | $575.0M | — | ||
| Q3 25 | $368.0M | — | ||
| Q2 25 | $573.0M | — | ||
| Q1 25 | $123.0M | — | ||
| Q4 24 | $608.0M | — | ||
| Q3 24 | $798.0M | — | ||
| Q2 24 | $863.0M | — |
自由现金流率KMBUSB
| Q1 26 | — | — | ||
| Q4 25 | 17.5% | — | ||
| Q3 25 | 8.9% | — | ||
| Q2 25 | 13.8% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 12.3% | — | ||
| Q3 24 | 16.1% | — | ||
| Q2 24 | 17.2% | — |
资本支出强度KMBUSB
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | — | ||
| Q3 25 | 8.2% | — | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 3.1% | — |
现金转化率KMBUSB
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | 1.39× | ||
| Q3 25 | 1.59× | 1.69× | ||
| Q2 25 | 1.51× | 1.12× | ||
| Q1 25 | 0.58× | -0.17× | ||
| Q4 24 | 1.83× | 2.87× | ||
| Q3 24 | 1.06× | 0.57× | ||
| Q2 24 | 1.88× | 1.79× |
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% |
USB
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