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金德摩根（KMI）与摩森康胜饮品公司（TAP）财务数据对比。点击上方公司名可切换其他公司
金德摩根的季度营收约是摩森康胜饮品公司的1.5倍（$4.8B vs $3.1B），金德摩根净利率更高（20.7% vs 7.6%，领先13.1%），金德摩根同比增速更快（13.8% vs -3.6%），过去两年金德摩根的营收复合增速更高（22.6% vs 1.2%）
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。
摩森康胜饮品公司是一家美加合资的跨国饮料酿造企业，旗下拥有多款知名酒精及非酒精饮品产品线，业务覆盖全球多个国家和地区，目前在伊利诺伊州芝加哥与魁北克省蒙特利尔设有双总部。
KMI vs TAP — 直观对比
营收规模更大
KMI
是对方的1.5倍
$3.1B
营收增速更快
KMI
高出17.5%
-3.6%
净利率更高
KMI
高出13.1%
7.6%
两年增速更快
KMI
近两年复合增速
1.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $3.1B |
| 净利润 | $1.0B | $238.3M |
| 毛利率 | — | 31.0% |
| 营业利润率 | 29.9% | 10.4% |
| 净利率 | 20.7% | 7.6% |
| 营收同比 | 13.8% | -3.6% |
| 净利润同比 | 34.7% | -17.2% |
| 每股收益（稀释后） | $0.44 | $1.32 |
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KMITAP
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.0B | $3.1B | ||
| Q3 25 | $3.7B | $3.5B | ||
| Q2 25 | $3.6B | $3.7B | ||
| Q1 25 | $3.9B | $2.7B | ||
| Q4 24 | $3.6B | $3.2B | ||
| Q3 24 | $3.3B | $3.6B | ||
| Q2 24 | $3.2B | $3.8B |
净利润KMITAP
| Q1 26 | $1.0B | — | ||
| Q4 25 | $996.0M | $238.3M | ||
| Q3 25 | $628.0M | $-2.9B | ||
| Q2 25 | $715.0M | $428.7M | ||
| Q1 25 | $717.0M | $121.0M | ||
| Q4 24 | $667.0M | $287.8M | ||
| Q3 24 | $625.0M | $199.8M | ||
| Q2 24 | $575.0M | $427.0M |
毛利率KMITAP
| Q1 26 | — | — | ||
| Q4 25 | — | 31.0% | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 34.3% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 32.0% | ||
| Q3 24 | — | 33.4% | ||
| Q2 24 | — | 34.6% |
营业利润率KMITAP
| Q1 26 | 29.9% | — | ||
| Q4 25 | 34.0% | 10.4% | ||
| Q3 25 | 28.6% | -98.5% | ||
| Q2 25 | 31.9% | 15.6% | ||
| Q1 25 | 29.6% | 6.9% | ||
| Q4 24 | 31.0% | 12.0% | ||
| Q3 24 | 30.9% | 12.5% | ||
| Q2 24 | 32.3% | 15.6% |
净利率KMITAP
| Q1 26 | 20.7% | — | ||
| Q4 25 | 24.8% | 7.6% | ||
| Q3 25 | 16.9% | -84.0% | ||
| Q2 25 | 19.8% | 11.5% | ||
| Q1 25 | 18.6% | 4.5% | ||
| Q4 24 | 18.7% | 8.9% | ||
| Q3 24 | 19.0% | 5.5% | ||
| Q2 24 | 17.9% | 11.1% |
每股收益（稀释后）KMITAP
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.45 | $1.32 | ||
| Q3 25 | $0.28 | $-14.79 | ||
| Q2 25 | $0.32 | $2.13 | ||
| Q1 25 | $0.32 | $0.59 | ||
| Q4 24 | $0.30 | $1.39 | ||
| Q3 24 | $0.28 | $0.96 | ||
| Q2 24 | $0.26 | $2.03 |
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 | $896.5M |
| 总债务越低越好 | $31.9B | $6.3B |
| 股东权益账面价值 | $32.6B | $10.2B |
| 总资产 | $73.1B | $22.7B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资KMITAP
| Q1 26 | $72.0M | — | ||
| Q4 25 | $63.0M | $896.5M | ||
| Q3 25 | $71.0M | $950.2M | ||
| Q2 25 | $82.0M | $613.8M | ||
| Q1 25 | $80.0M | $412.7M | ||
| Q4 24 | $88.0M | $969.3M | ||
| Q3 24 | $108.0M | $1.0B | ||
| Q2 24 | $98.0M | $1.6B |
总债务KMITAP
| Q1 26 | $31.9B | — | ||
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $7.0B |
股东权益KMITAP
| Q1 26 | $32.6B | — | ||
| Q4 25 | $31.2B | $10.2B | ||
| Q3 25 | $30.7B | $10.3B | ||
| Q2 25 | $30.8B | $13.4B | ||
| Q1 25 | $30.6B | $13.1B | ||
| Q4 24 | $30.5B | $13.1B | ||
| Q3 24 | $30.4B | $13.3B | ||
| Q2 24 | $30.3B | $13.2B |
总资产KMITAP
| Q1 26 | $73.1B | — | ||
| Q4 25 | $72.7B | $22.7B | ||
| Q3 25 | $72.3B | $22.9B | ||
| Q2 25 | $72.4B | $26.8B | ||
| Q1 25 | $72.3B | $25.9B | ||
| Q4 24 | $71.4B | $26.1B | ||
| Q3 24 | $70.9B | $26.6B | ||
| Q2 24 | $70.7B | $27.4B |
负债/权益比KMITAP
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.53× |
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 | — | $540.7M |
| 自由现金流经营现金流 - 资本支出 | — | $357.8M |
| 自由现金流率自由现金流/营收 | — | 11.4% |
| 资本支出强度资本支出/营收 | 16.7% | 5.9% |
| 现金转化率经营现金流/净利润 | — | 2.27× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流KMITAP
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $540.7M | ||
| Q3 25 | $1.4B | $616.1M | ||
| Q2 25 | $1.6B | $718.3M | ||
| Q1 25 | $1.2B | $-90.7M | ||
| Q4 24 | $1.5B | $494.5M | ||
| Q3 24 | $1.2B | $521.2M | ||
| Q2 24 | $1.7B | $869.2M |
自由现金流KMITAP
| Q1 26 | — | — | ||
| Q4 25 | $872.0M | $357.8M | ||
| Q3 25 | $621.0M | $483.0M | ||
| Q2 25 | $1.0B | $555.0M | ||
| Q1 25 | $396.0M | $-328.0M | ||
| Q4 24 | $738.0M | $383.4M | ||
| Q3 24 | $592.0M | $350.4M | ||
| Q2 24 | $1.1B | $691.7M |
自由现金流率KMITAP
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 11.4% | ||
| Q3 25 | 16.7% | 13.9% | ||
| Q2 25 | 27.8% | 14.8% | ||
| Q1 25 | 10.3% | -12.2% | ||
| Q4 24 | 20.7% | 11.8% | ||
| Q3 24 | 18.0% | 9.7% | ||
| Q2 24 | 34.4% | 18.0% |
资本支出强度KMITAP
| Q1 26 | 16.7% | — | ||
| Q4 25 | 20.4% | 5.9% | ||
| Q3 25 | 21.3% | 3.8% | ||
| Q2 25 | 17.9% | 4.4% | ||
| Q1 25 | 19.8% | 8.8% | ||
| Q4 24 | 21.6% | 3.4% | ||
| Q3 24 | 20.0% | 4.7% | ||
| Q2 24 | 18.1% | 4.6% |
现金转化率KMITAP
| Q1 26 | — | — | ||
| Q4 25 | 1.70× | 2.27× | ||
| Q3 25 | 2.25× | — | ||
| Q2 25 | 2.31× | 1.68× | ||
| Q1 25 | 1.62× | -0.75× | ||
| Q4 24 | 2.26× | 1.72× | ||
| Q3 24 | 2.00× | 2.61× | ||
| Q2 24 | 2.93× | 2.04× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
