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金德摩根（KMI）与斯伦贝谢（SLB）财务数据对比。点击上方公司名可切换其他公司
斯伦贝谢的季度营收约是金德摩根的1.8倍（$8.7B vs $4.8B），金德摩根净利率更高（20.7% vs 8.6%，领先12.1%），金德摩根同比增速更快（13.8% vs 2.7%），过去两年金德摩根的营收复合增速更高（22.6% vs -2.3%）
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。
SLB前身为斯伦贝谢，是全球知名的跨国油田服务企业。1926年创立于法国，现注册地为库拉索威廉斯塔德，在巴黎、休斯敦、伦敦、海牙四地设有核心行政办公室，截至2022年按营收计算是全球最大的海上钻井企业及海上钻井承包商。
KMI vs SLB — 直观对比
营收规模更大
SLB
是对方的1.8倍
$4.8B
营收增速更快
KMI
高出11.1%
2.7%
净利率更高
KMI
高出12.1%
8.6%
两年增速更快
KMI
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $8.7B |
| 净利润 | $1.0B | $752.0M |
| 毛利率 | — | — |
| 营业利润率 | 29.9% | — |
| 净利率 | 20.7% | 8.6% |
| 营收同比 | 13.8% | 2.7% |
| 净利润同比 | 34.7% | -5.6% |
| 每股收益（稀释后） | $0.44 | $0.50 |
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KMISLB
| Q1 26 | $4.8B | $8.7B | ||
| Q4 25 | $4.0B | $9.7B | ||
| Q3 25 | $3.7B | $8.9B | ||
| Q2 25 | $3.6B | $8.5B | ||
| Q1 25 | $3.9B | $8.5B | ||
| Q4 24 | $3.6B | $9.3B | ||
| Q3 24 | $3.3B | $9.2B | ||
| Q2 24 | $3.2B | $9.1B |
净利润KMISLB
| Q1 26 | $1.0B | $752.0M | ||
| Q4 25 | $996.0M | $824.0M | ||
| Q3 25 | $628.0M | $739.0M | ||
| Q2 25 | $715.0M | $1.0B | ||
| Q1 25 | $717.0M | $797.0M | ||
| Q4 24 | $667.0M | $1.1B | ||
| Q3 24 | $625.0M | $1.2B | ||
| Q2 24 | $575.0M | $1.1B |
营业利润率KMISLB
| Q1 26 | 29.9% | — | ||
| Q4 25 | 34.0% | 9.7% | ||
| Q3 25 | 28.6% | 11.2% | ||
| Q2 25 | 31.9% | 15.0% | ||
| Q1 25 | 29.6% | 12.5% | ||
| Q4 24 | 31.0% | 14.9% | ||
| Q3 24 | 30.9% | 16.5% | ||
| Q2 24 | 32.3% | 15.5% |
净利率KMISLB
| Q1 26 | 20.7% | 8.6% | ||
| Q4 25 | 24.8% | 8.5% | ||
| Q3 25 | 16.9% | 8.3% | ||
| Q2 25 | 19.8% | 11.9% | ||
| Q1 25 | 18.6% | 9.4% | ||
| Q4 24 | 18.7% | 11.8% | ||
| Q3 24 | 19.0% | 12.9% | ||
| Q2 24 | 17.9% | 12.2% |
每股收益（稀释后）KMISLB
| Q1 26 | $0.44 | $0.50 | ||
| Q4 25 | $0.45 | $0.53 | ||
| Q3 25 | $0.28 | $0.50 | ||
| Q2 25 | $0.32 | $0.74 | ||
| Q1 25 | $0.32 | $0.58 | ||
| Q4 24 | $0.30 | $0.77 | ||
| Q3 24 | $0.28 | $0.83 | ||
| Q2 24 | $0.26 | $0.77 |
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 | $3.4B |
| 总债务越低越好 | $31.9B | $9.7B |
| 股东权益账面价值 | $32.6B | $27.4B |
| 总资产 | $73.1B | $19.3B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资KMISLB
| Q1 26 | $72.0M | $3.4B | ||
| Q4 25 | $63.0M | $1.2B | ||
| Q3 25 | $71.0M | $571.0M | ||
| Q2 25 | $82.0M | $511.0M | ||
| Q1 25 | $80.0M | $961.0M | ||
| Q4 24 | $88.0M | $1.1B | ||
| Q3 24 | $108.0M | $1.4B | ||
| Q2 24 | $98.0M | $1.1B |
总债务KMISLB
| Q1 26 | $31.9B | $9.7B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益KMISLB
| Q1 26 | $32.6B | $27.4B | ||
| Q4 25 | $31.2B | $26.1B | ||
| Q3 25 | $30.7B | $25.6B | ||
| Q2 25 | $30.8B | $20.3B | ||
| Q1 25 | $30.6B | $19.5B | ||
| Q4 24 | $30.5B | $21.1B | ||
| Q3 24 | $30.4B | $21.5B | ||
| Q2 24 | $30.3B | $21.1B |
总资产KMISLB
| Q1 26 | $73.1B | $19.3B | ||
| Q4 25 | $72.7B | $54.9B | ||
| Q3 25 | $72.3B | $55.1B | ||
| Q2 25 | $72.4B | $48.8B | ||
| Q1 25 | $72.3B | $49.0B | ||
| Q4 24 | $71.4B | $48.9B | ||
| Q3 24 | $70.9B | $49.8B | ||
| Q2 24 | $70.7B | $49.4B |
负债/权益比KMISLB
| Q1 26 | 0.98× | 0.35× | ||
| 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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $103.0M |
| 自由现金流率自由现金流/营收 | — | 1.2% |
| 资本支出强度资本支出/营收 | 16.7% | — |
| 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 | — | $4.6B |
8季度趋势，按日历期对齐
经营现金流KMISLB
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $3.0B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.2B | $660.0M | ||
| Q4 24 | $1.5B | $2.4B | ||
| Q3 24 | $1.2B | $2.4B | ||
| Q2 24 | $1.7B | $1.4B |
自由现金流KMISLB
| Q1 26 | — | $103.0M | ||
| Q4 25 | $872.0M | $2.5B | ||
| Q3 25 | $621.0M | $1.3B | ||
| Q2 25 | $1.0B | $771.0M | ||
| Q1 25 | $396.0M | $262.0M | ||
| Q4 24 | $738.0M | $1.8B | ||
| Q3 24 | $592.0M | $2.0B | ||
| Q2 24 | $1.1B | $973.0M |
自由现金流率KMISLB
| Q1 26 | — | 1.2% | ||
| Q4 25 | 21.7% | 25.5% | ||
| Q3 25 | 16.7% | 14.3% | ||
| Q2 25 | 27.8% | 9.0% | ||
| Q1 25 | 10.3% | 3.1% | ||
| Q4 24 | 20.7% | 19.2% | ||
| Q3 24 | 18.0% | 21.7% | ||
| Q2 24 | 34.4% | 10.6% |
资本支出强度KMISLB
| Q1 26 | 16.7% | — | ||
| Q4 25 | 20.4% | 5.3% | ||
| Q3 25 | 21.3% | 4.6% | ||
| Q2 25 | 17.9% | 4.3% | ||
| Q1 25 | 19.8% | 4.7% | ||
| Q4 24 | 21.6% | 6.6% | ||
| Q3 24 | 20.0% | 5.0% | ||
| Q2 24 | 18.1% | 5.1% |
现金转化率KMISLB
| Q1 26 | — | — | ||
| Q4 25 | 1.70× | 3.65× | ||
| Q3 25 | 2.25× | 2.28× | ||
| Q2 25 | 2.31× | 1.13× | ||
| Q1 25 | 1.62× | 0.83× | ||
| Q4 24 | 2.26× | 2.18× | ||
| Q3 24 | 2.00× | 2.06× | ||
| Q2 24 | 2.93× | 1.29× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
