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金德摩根（KMI）与Wayfair Inc.（W）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Wayfair Inc.的1.4倍（$4.8B vs $3.3B），金德摩根净利率更高（20.7% vs -3.5%，领先24.2%），金德摩根同比增速更快（13.8% vs 6.9%），过去两年金德摩根的营收复合增速更高（22.6% vs 10.6%）
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。
Wayfair Inc.是总部位于美国马萨诸塞州波士顿的电商企业，2002年成立，前身为CSN Stores，专注于家具及家居用品线上销售。目前平台提供来自全球11000余家供应商的1400万款商品，业务遍及北美、加拿大、德国、爱尔兰、中国、英国等国家和地区。
KMI vs W — 直观对比
营收规模更大
KMI
是对方的1.4倍
$3.3B
营收增速更快
KMI
高出6.9%
6.9%
净利率更高
KMI
高出24.2%
-3.5%
两年增速更快
KMI
近两年复合增速
10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $3.3B |
| 净利润 | $1.0B | $-116.0M |
| 毛利率 | — | 30.3% |
| 营业利润率 | 29.9% | 2.5% |
| 净利率 | 20.7% | -3.5% |
| 营收同比 | 13.8% | 6.9% |
| 净利润同比 | 34.7% | 9.4% |
| 每股收益（稀释后） | $0.44 | $-0.90 |
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KMIW
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.0B | $3.3B | ||
| Q3 25 | $3.7B | $3.1B | ||
| Q2 25 | $3.6B | $3.3B | ||
| Q1 25 | $3.9B | $2.7B | ||
| Q4 24 | $3.6B | $3.1B | ||
| Q3 24 | $3.3B | $2.9B | ||
| Q2 24 | $3.2B | $3.1B |
净利润KMIW
| Q1 26 | $1.0B | — | ||
| Q4 25 | $996.0M | $-116.0M | ||
| Q3 25 | $628.0M | $-99.0M | ||
| Q2 25 | $715.0M | $15.0M | ||
| Q1 25 | $717.0M | $-113.0M | ||
| Q4 24 | $667.0M | $-128.0M | ||
| Q3 24 | $625.0M | $-74.0M | ||
| Q2 24 | $575.0M | $-42.0M |
毛利率KMIW
| Q1 26 | — | — | ||
| Q4 25 | — | 30.3% | ||
| Q3 25 | — | 30.0% | ||
| Q2 25 | — | 30.1% | ||
| Q1 25 | — | 30.7% | ||
| Q4 24 | — | 30.2% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 30.2% |
营业利润率KMIW
| Q1 26 | 29.9% | — | ||
| Q4 25 | 34.0% | 2.5% | ||
| Q3 25 | 28.6% | 1.2% | ||
| Q2 25 | 31.9% | 0.5% | ||
| Q1 25 | 29.6% | -4.5% | ||
| Q4 24 | 31.0% | -3.7% | ||
| Q3 24 | 30.9% | -2.6% | ||
| Q2 24 | 32.3% | -1.1% |
净利率KMIW
| Q1 26 | 20.7% | — | ||
| Q4 25 | 24.8% | -3.5% | ||
| Q3 25 | 16.9% | -3.2% | ||
| Q2 25 | 19.8% | 0.5% | ||
| Q1 25 | 18.6% | -4.1% | ||
| Q4 24 | 18.7% | -4.1% | ||
| Q3 24 | 19.0% | -2.6% | ||
| Q2 24 | 17.9% | -1.3% |
每股收益（稀释后）KMIW
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.45 | $-0.90 | ||
| Q3 25 | $0.28 | $-0.76 | ||
| Q2 25 | $0.32 | $0.11 | ||
| Q1 25 | $0.32 | $-0.89 | ||
| Q4 24 | $0.30 | $-1.01 | ||
| Q3 24 | $0.28 | $-0.60 | ||
| Q2 24 | $0.26 | $-0.34 |
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 | $1.5B |
| 总债务越低越好 | $31.9B | $3.3B |
| 股东权益账面价值 | $32.6B | $-2.8B |
| 总资产 | $73.1B | $3.4B |
| 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KMIW
| Q1 26 | $72.0M | — | ||
| Q4 25 | $63.0M | $1.5B | ||
| Q3 25 | $71.0M | $1.2B | ||
| Q2 25 | $82.0M | $1.4B | ||
| Q1 25 | $80.0M | $1.4B | ||
| Q4 24 | $88.0M | $1.4B | ||
| Q3 24 | $108.0M | $1.3B | ||
| Q2 24 | $98.0M | $1.3B |
总债务KMIW
| Q1 26 | $31.9B | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B |
股东权益KMIW
| Q1 26 | $32.6B | — | ||
| Q4 25 | $31.2B | $-2.8B | ||
| Q3 25 | $30.7B | $-2.8B | ||
| Q2 25 | $30.8B | $-2.7B | ||
| Q1 25 | $30.6B | $-2.8B | ||
| Q4 24 | $30.5B | $-2.8B | ||
| Q3 24 | $30.4B | $-2.7B | ||
| Q2 24 | $30.3B | $-2.8B |
总资产KMIW
| Q1 26 | $73.1B | — | ||
| Q4 25 | $72.7B | $3.4B | ||
| Q3 25 | $72.3B | $3.1B | ||
| Q2 25 | $72.4B | $3.3B | ||
| Q1 25 | $72.3B | $3.4B | ||
| Q4 24 | $71.4B | $3.5B | ||
| Q3 24 | $70.9B | $3.4B | ||
| Q2 24 | $70.7B | $3.4B |
负债/权益比KMIW
| 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 | — | $202.0M |
| 自由现金流经营现金流 - 资本支出 | — | $177.0M |
| 自由现金流率自由现金流/营收 | — | 5.3% |
| 资本支出强度资本支出/营收 | 16.7% | 0.7% |
| 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 | — | $464.0M |
8季度趋势，按日历期对齐
经营现金流KMIW
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $202.0M | ||
| Q3 25 | $1.4B | $155.0M | ||
| Q2 25 | $1.6B | $273.0M | ||
| Q1 25 | $1.2B | $-96.0M | ||
| Q4 24 | $1.5B | $162.0M | ||
| Q3 24 | $1.2B | $49.0M | ||
| Q2 24 | $1.7B | $245.0M |
自由现金流KMIW
| Q1 26 | — | — | ||
| Q4 25 | $872.0M | $177.0M | ||
| Q3 25 | $621.0M | $128.0M | ||
| Q2 25 | $1.0B | $260.0M | ||
| Q1 25 | $396.0M | $-101.0M | ||
| Q4 24 | $738.0M | $142.0M | ||
| Q3 24 | $592.0M | $32.0M | ||
| Q2 24 | $1.1B | $222.0M |
自由现金流率KMIW
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 5.3% | ||
| Q3 25 | 16.7% | 4.1% | ||
| Q2 25 | 27.8% | 7.9% | ||
| Q1 25 | 10.3% | -3.7% | ||
| Q4 24 | 20.7% | 4.5% | ||
| Q3 24 | 18.0% | 1.1% | ||
| Q2 24 | 34.4% | 7.1% |
资本支出强度KMIW
| Q1 26 | 16.7% | — | ||
| Q4 25 | 20.4% | 0.7% | ||
| Q3 25 | 21.3% | 0.9% | ||
| Q2 25 | 17.9% | 0.4% | ||
| Q1 25 | 19.8% | 0.2% | ||
| Q4 24 | 21.6% | 0.6% | ||
| Q3 24 | 20.0% | 0.6% | ||
| Q2 24 | 18.1% | 0.7% |
现金转化率KMIW
| Q1 26 | — | — | ||
| Q4 25 | 1.70× | — | ||
| Q3 25 | 2.25× | — | ||
| Q2 25 | 2.31× | 18.20× | ||
| Q1 25 | 1.62× | — | ||
| Q4 24 | 2.26× | — | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 2.93× | — |
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
W
| US Segment | $2.9B | 88% |
| International Segment | $395.0M | 12% |
