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金德摩根（KMI）与麦当劳（MCD）财务数据对比。点击上方公司名可切换其他公司
麦当劳的季度营收约是金德摩根的1.5倍（$7.0B vs $4.8B），麦当劳净利率更高（30.9% vs 20.7%，领先10.1%），金德摩根同比增速更快（13.8% vs 9.7%），过去两年金德摩根的营收复合增速更高（22.6% vs 6.6%）
金德摩根是北美规模最大的能源基础设施企业之一，核心业务为油气管道、能源储运终端的持有与运营管理，服务网络覆盖北美主要油气产区及消费市场，为能源产业提供稳定可靠的基础设施配套服务。
麦当劳是源自美国的知名跨国连锁快餐品牌，主营汉堡、薯条、炸鸡等快餐食品，业务覆盖全球多个国家和地区。截至2024年，其全球门店数量在所有餐饮连锁品牌中位列第二，仅次于中国本土品牌蜜雪冰城。
KMI vs MCD — 直观对比
营收规模更大
MCD
是对方的1.5倍
$4.8B
营收增速更快
KMI
高出4.1%
9.7%
净利率更高
MCD
高出10.1%
20.7%
两年增速更快
KMI
近两年复合增速
6.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $7.0B |
| 净利润 | $1.0B | $2.2B |
| 毛利率 | — | — |
| 营业利润率 | 29.9% | 45.0% |
| 净利率 | 20.7% | 30.9% |
| 营收同比 | 13.8% | 9.7% |
| 净利润同比 | 34.7% | 7.3% |
| 每股收益（稀释后） | $0.44 | $3.03 |
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KMIMCD
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.0B | $7.0B | ||
| Q3 25 | $3.7B | $7.1B | ||
| Q2 25 | $3.6B | $6.8B | ||
| Q1 25 | $3.9B | $6.0B | ||
| Q4 24 | $3.6B | $6.4B | ||
| Q3 24 | $3.3B | $6.9B | ||
| Q2 24 | $3.2B | $6.5B |
净利润KMIMCD
| Q1 26 | $1.0B | — | ||
| Q4 25 | $996.0M | $2.2B | ||
| Q3 25 | $628.0M | $2.3B | ||
| Q2 25 | $715.0M | $2.3B | ||
| Q1 25 | $717.0M | $1.9B | ||
| Q4 24 | $667.0M | $2.0B | ||
| Q3 24 | $625.0M | $2.3B | ||
| Q2 24 | $575.0M | $2.0B |
毛利率KMIMCD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 90.6% | ||
| Q2 25 | — | 90.4% | ||
| Q1 25 | — | 89.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 90.6% | ||
| Q2 24 | — | 90.3% |
营业利润率KMIMCD
| Q1 26 | 29.9% | — | ||
| Q4 25 | 34.0% | 45.0% | ||
| Q3 25 | 28.6% | 47.4% | ||
| Q2 25 | 31.9% | 47.2% | ||
| Q1 25 | 29.6% | 44.5% | ||
| Q4 24 | 31.0% | 44.9% | ||
| Q3 24 | 30.9% | 46.4% | ||
| Q2 24 | 32.3% | 45.0% |
净利率KMIMCD
| Q1 26 | 20.7% | — | ||
| Q4 25 | 24.8% | 30.9% | ||
| Q3 25 | 16.9% | 32.2% | ||
| Q2 25 | 19.8% | 32.9% | ||
| Q1 25 | 18.6% | 31.4% | ||
| Q4 24 | 18.7% | 31.6% | ||
| Q3 24 | 19.0% | 32.8% | ||
| Q2 24 | 17.9% | 31.2% |
每股收益（稀释后）KMIMCD
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.45 | $3.03 | ||
| Q3 25 | $0.28 | $3.18 | ||
| Q2 25 | $0.32 | $3.14 | ||
| Q1 25 | $0.32 | $2.60 | ||
| Q4 24 | $0.30 | $2.80 | ||
| Q3 24 | $0.28 | $3.13 | ||
| Q2 24 | $0.26 | $2.80 |
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 | $72.0M | $774.0M |
| 总债务越低越好 | $31.9B | $40.0B |
| 股东权益账面价值 | $32.6B | $-1.8B |
| 总资产 | $73.1B | $59.5B |
| 负债/权益比越低杠杆越低 | 0.98× | — |
8季度趋势，按日历期对齐
现金及短期投资KMIMCD
| Q1 26 | $72.0M | — | ||
| Q4 25 | $63.0M | $774.0M | ||
| Q3 25 | $71.0M | $2.4B | ||
| Q2 25 | $82.0M | $1.9B | ||
| Q1 25 | $80.0M | $1.2B | ||
| Q4 24 | $88.0M | $1.1B | ||
| Q3 24 | $108.0M | $1.2B | ||
| Q2 24 | $98.0M | $792.0M |
总债务KMIMCD
| Q1 26 | $31.9B | — | ||
| Q4 25 | — | $40.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $38.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益KMIMCD
| Q1 26 | $32.6B | — | ||
| Q4 25 | $31.2B | $-1.8B | ||
| Q3 25 | $30.7B | $-2.2B | ||
| Q2 25 | $30.8B | $-2.8B | ||
| Q1 25 | $30.6B | $-3.5B | ||
| Q4 24 | $30.5B | $-3.8B | ||
| Q3 24 | $30.4B | $-5.2B | ||
| Q2 24 | $30.3B | $-4.8B |
总资产KMIMCD
| Q1 26 | $73.1B | — | ||
| Q4 25 | $72.7B | $59.5B | ||
| Q3 25 | $72.3B | $60.6B | ||
| Q2 25 | $72.4B | $59.6B | ||
| Q1 25 | $72.3B | $56.3B | ||
| Q4 24 | $71.4B | $55.2B | ||
| Q3 24 | $70.9B | $56.2B | ||
| Q2 24 | $70.7B | $53.8B |
负债/权益比KMIMCD
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $2.7B |
| 自由现金流经营现金流 - 资本支出 | — | $1.6B |
| 自由现金流率自由现金流/营收 | — | 23.4% |
| 资本支出强度资本支出/营收 | 16.7% | 15.1% |
| 现金转化率经营现金流/净利润 | — | 1.25× |
| 过去12个月自由现金流最近4个季度 | — | $7.2B |
8季度趋势，按日历期对齐
经营现金流KMIMCD
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $2.7B | ||
| Q3 25 | $1.4B | $3.4B | ||
| Q2 25 | $1.6B | $2.0B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $1.5B | $2.6B | ||
| Q3 24 | $1.2B | $2.7B | ||
| Q2 24 | $1.7B | $1.7B |
自由现金流KMIMCD
| Q1 26 | — | — | ||
| Q4 25 | $872.0M | $1.6B | ||
| Q3 25 | $621.0M | $2.4B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $396.0M | $1.9B | ||
| Q4 24 | $738.0M | $1.8B | ||
| Q3 24 | $592.0M | $1.9B | ||
| Q2 24 | $1.1B | $1.1B |
自由现金流率KMIMCD
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 23.4% | ||
| Q3 25 | 16.7% | 34.1% | ||
| Q2 25 | 27.8% | 18.3% | ||
| Q1 25 | 10.3% | 31.5% | ||
| Q4 24 | 20.7% | 28.6% | ||
| Q3 24 | 18.0% | 28.3% | ||
| Q2 24 | 34.4% | 16.3% |
资本支出强度KMIMCD
| Q1 26 | 16.7% | — | ||
| Q4 25 | 20.4% | 15.1% | ||
| Q3 25 | 21.3% | 14.3% | ||
| Q2 25 | 17.9% | 10.9% | ||
| Q1 25 | 19.8% | 9.3% | ||
| Q4 24 | 21.6% | 12.6% | ||
| Q3 24 | 20.0% | 11.6% | ||
| Q2 24 | 18.1% | 9.7% |
现金转化率KMIMCD
| Q1 26 | — | — | ||
| Q4 25 | 1.70× | 1.25× | ||
| Q3 25 | 2.25× | 1.50× | ||
| Q2 25 | 2.31× | 0.89× | ||
| Q1 25 | 1.62× | 1.30× | ||
| Q4 24 | 2.26× | 1.30× | ||
| Q3 24 | 2.00× | 1.21× | ||
| Q2 24 | 2.93× | 0.84× |
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
KMI
暂无分部数据
MCD
| International Operated Markets | $3.6B | 51% |
| Other | $2.8B | 40% |
| International Developmental Licensed Marketsand Corporate | $633.0M | 9% |
