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金佰利（KMB）与威富集团（VFC）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威富集团的1.4倍（$4.2B vs $2.9B），金佰利净利率更高（16.2% vs 10.5%，领先5.8%），金佰利同比增速更快（2.7% vs 1.5%），过去两年威富集团的营收复合增速更高（10.1% 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。
威富集团前身为F.W.伍尔沃斯公司，是全球知名零售企业，也是五分一角平价商店业态的先驱之一。作为美国乃至全球最成功的平价零售企业之一，它曾引领行业发展潮流，构建了如今全球各地门店普遍遵循的现代零售模式。
KMB vs VFC — 直观对比
营收规模更大
KMB
是对方的1.4倍
$2.9B
营收增速更快
KMB
高出1.2%
1.5%
净利率更高
KMB
高出5.8%
10.5%
两年增速更快
VFC
近两年复合增速
-9.0%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.9B |
| 净利润 | $675.0M | $300.8M |
| 毛利率 | 36.8% | 56.6% |
| 营业利润率 | 18.1% | 10.1% |
| 净利率 | 16.2% | 10.5% |
| 营收同比 | 2.7% | 1.5% |
| 净利润同比 | 17.8% | 79.3% |
| 每股收益（稀释后） | $2.00 | $0.76 |
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KMBVFC
| Q1 26 | $4.2B | — | ||
| Q4 25 | $3.3B | $2.9B | ||
| Q3 25 | $4.2B | $2.8B | ||
| Q2 25 | $4.2B | $1.8B | ||
| Q1 25 | $4.8B | $2.0B | ||
| Q4 24 | $4.9B | $2.8B | ||
| Q3 24 | $5.0B | $2.8B | ||
| Q2 24 | $5.0B | $1.9B |
净利润KMBVFC
| Q1 26 | $675.0M | — | ||
| Q4 25 | $499.0M | $300.8M | ||
| Q3 25 | $446.0M | $189.8M | ||
| Q2 25 | $509.0M | $-116.4M | ||
| Q1 25 | $567.0M | $-150.8M | ||
| Q4 24 | $447.0M | $167.8M | ||
| Q3 24 | $907.0M | $52.2M | ||
| Q2 24 | $544.0M | $-258.9M |
毛利率KMBVFC
| Q1 26 | 36.8% | — | ||
| Q4 25 | 37.7% | 56.6% | ||
| Q3 25 | 36.0% | 52.2% | ||
| Q2 25 | 35.0% | 53.9% | ||
| Q1 25 | 35.8% | 52.7% | ||
| Q4 24 | 34.0% | 56.3% | ||
| Q3 24 | 36.0% | 52.2% | ||
| Q2 24 | 36.0% | 52.0% |
营业利润率KMBVFC
| Q1 26 | 18.1% | — | ||
| Q4 25 | 11.2% | 10.1% | ||
| Q3 25 | 15.0% | 11.2% | ||
| Q2 25 | 14.2% | -4.9% | ||
| Q1 25 | 15.9% | 2.2% | ||
| Q4 24 | 11.1% | 8.0% | ||
| Q3 24 | 23.3% | 9.9% | ||
| Q2 24 | 13.0% | -12.6% |
净利率KMBVFC
| Q1 26 | 16.2% | — | ||
| Q4 25 | 15.1% | 10.5% | ||
| Q3 25 | 10.7% | 6.8% | ||
| Q2 25 | 12.2% | -6.6% | ||
| Q1 25 | 11.7% | -7.5% | ||
| Q4 24 | 9.1% | 5.9% | ||
| Q3 24 | 18.3% | 1.9% | ||
| Q2 24 | 10.8% | -13.6% |
每股收益（稀释后）KMBVFC
| Q1 26 | $2.00 | — | ||
| Q4 25 | $1.50 | $0.76 | ||
| Q3 25 | $1.34 | $0.48 | ||
| Q2 25 | $1.53 | $-0.30 | ||
| Q1 25 | $1.70 | $-0.37 | ||
| Q4 24 | $1.34 | $0.43 | ||
| Q3 24 | $2.69 | $0.13 | ||
| Q2 24 | $1.61 | $-0.67 |
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 | $1.5B |
| 总债务越低越好 | $6.5M | $3.6B |
| 股东权益账面价值 | $1.9M | $1.8B |
| 总资产 | $17.2M | $10.4B |
| 负债/权益比越低杠杆越低 | 3.38× | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资KMBVFC
| Q1 26 | $542.0K | — | ||
| Q4 25 | $688.0M | $1.5B | ||
| Q3 25 | $617.0M | $419.1M | ||
| Q2 25 | $634.0M | $642.4M | ||
| Q1 25 | $563.0M | $429.4M | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $1.1B | $492.2M | ||
| Q2 24 | $1.2B | $637.4M |
总债务KMBVFC
| Q1 26 | $6.5M | — | ||
| Q4 25 | $6.5B | $3.6B | ||
| Q3 25 | $6.5B | $3.5B | ||
| Q2 25 | $6.5B | $3.6B | ||
| Q1 25 | $6.5B | $3.4B | ||
| Q4 24 | $6.9B | $3.9B | ||
| Q3 24 | $6.9B | $4.0B | ||
| Q2 24 | $7.2B | $3.9B |
股东权益KMBVFC
| Q1 26 | $1.9M | — | ||
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $840.0M | $1.7B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.1B | $1.4B |
总资产KMBVFC
| Q1 26 | $17.2M | — | ||
| Q4 25 | $17.1B | $10.4B | ||
| Q3 25 | $16.9B | $10.6B | ||
| Q2 25 | $16.8B | $10.2B | ||
| Q1 25 | $16.3B | $9.4B | ||
| Q4 24 | $16.5B | $10.6B | ||
| Q3 24 | $17.2B | $12.2B | ||
| Q2 24 | $17.3B | $11.5B |
负债/权益比KMBVFC
| Q1 26 | 3.38× | — | ||
| Q4 25 | 4.31× | 1.99× | ||
| Q3 25 | 4.86× | 2.40× | ||
| Q2 25 | 5.09× | 2.76× | ||
| Q1 25 | 5.89× | 2.30× | ||
| Q4 24 | 8.18× | 2.31× | ||
| Q3 24 | 5.36× | 2.86× | ||
| Q2 24 | 6.30× | 2.84× |
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 | — | $1.0B |
| 自由现金流经营现金流 - 资本支出 | — | $977.9M |
| 自由现金流率自由现金流/营收 | — | 34.0% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | — | 3.36× |
| 过去12个月自由现金流最近4个季度 | — | $357.6M |
8季度趋势，按日历期对齐
经营现金流KMBVFC
| Q1 26 | — | — | ||
| Q4 25 | $972.0M | $1.0B | ||
| Q3 25 | $708.0M | $-227.0M | ||
| Q2 25 | $770.0M | $-145.5M | ||
| Q1 25 | $327.0M | $-171.1M | ||
| Q4 24 | $817.0M | $918.1M | ||
| Q3 24 | $958.0M | $-301.6M | ||
| Q2 24 | $1.0B | $19.8M |
自由现金流KMBVFC
| Q1 26 | — | — | ||
| Q4 25 | $575.0M | $977.9M | ||
| Q3 25 | $368.0M | $-253.5M | ||
| Q2 25 | $573.0M | $-173.7M | ||
| Q1 25 | $123.0M | $-193.0M | ||
| Q4 24 | $608.0M | $899.7M | ||
| Q3 24 | $798.0M | $-322.4M | ||
| Q2 24 | $863.0M | $-5.4M |
自由现金流率KMBVFC
| Q1 26 | — | — | ||
| Q4 25 | 17.5% | 34.0% | ||
| Q3 25 | 8.9% | -9.0% | ||
| Q2 25 | 13.8% | -9.9% | ||
| Q1 25 | 2.5% | -9.6% | ||
| Q4 24 | 12.3% | 31.7% | ||
| Q3 24 | 16.1% | -11.7% | ||
| Q2 24 | 17.2% | -0.3% |
资本支出强度KMBVFC
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 1.1% | ||
| Q3 25 | 8.2% | 0.9% | ||
| Q2 25 | 4.7% | 1.6% | ||
| Q1 25 | 4.2% | 1.1% | ||
| Q4 24 | 4.2% | 0.6% | ||
| Q3 24 | 3.2% | 0.8% | ||
| Q2 24 | 3.1% | 1.3% |
现金转化率KMBVFC
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | 3.36× | ||
| Q3 25 | 1.59× | -1.20× | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | 1.83× | 5.47× | ||
| Q3 24 | 1.06× | -5.78× | ||
| Q2 24 | 1.88× | — |
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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
