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KEMPER Corp（KMPR）与SBA Communications（SBAC）财务数据对比。点击上方公司名可切换其他公司
KEMPER Corp的季度营收约是SBA Communications的1.6倍（$1.1B vs $719.6M），SBA Communications净利率更高（51.5% vs -0.7%，领先52.2%），SBA Communications同比增速更快（3.7% vs -4.7%），SBA Communications自由现金流更多（$833.3M vs $166.2M），过去两年SBA Communications的营收复合增速更高（4.6% vs -0.5%）
坎伯公司（Kemper Corporation）是总部位于美国伊利诺伊州芝加哥的保险服务商，总资产近130亿美元，旗下品牌矩阵为个人、家庭及企业客户提供多元保险产品服务。
SBA Communications是一家房地产投资信托企业，核心业务为持有、运营无线通信基础设施，市场覆盖美国、加拿大、中南美洲及南非地区。公司由Steven Bernstein于1989年创立，前身为Steven Bernstein and Associates。
KMPR vs SBAC — 直观对比
营收规模更大
KMPR
是对方的1.6倍
$719.6M
营收增速更快
SBAC
高出8.4%
-4.7%
净利率更高
SBAC
高出52.2%
-0.7%
自由现金流更多
SBAC
多$667.1M
$166.2M
两年增速更快
SBAC
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $719.6M |
| 净利润 | $-8.0M | $370.4M |
| 毛利率 | — | 75.6% |
| 营业利润率 | — | 41.5% |
| 净利率 | -0.7% | 51.5% |
| 营收同比 | -4.7% | 3.7% |
| 净利润同比 | -108.2% | 107.2% |
| 每股收益（稀释后） | $-0.03 | $3.47 |
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KMPRSBAC
| Q4 25 | $1.1B | $719.6M | ||
| Q3 25 | $1.2B | $732.3M | ||
| Q2 25 | $1.2B | $699.0M | ||
| Q1 25 | $1.2B | $664.2M | ||
| Q4 24 | $1.2B | $693.7M | ||
| Q3 24 | $1.2B | $667.6M | ||
| Q2 24 | $1.1B | $660.5M | ||
| Q1 24 | $1.1B | $657.9M |
净利润KMPRSBAC
| Q4 25 | $-8.0M | $370.4M | ||
| Q3 25 | $-21.0M | $236.8M | ||
| Q2 25 | $72.6M | $225.8M | ||
| Q1 25 | $99.7M | $220.7M | ||
| Q4 24 | $97.4M | $178.8M | ||
| Q3 24 | $73.7M | $258.5M | ||
| Q2 24 | $75.4M | $162.8M | ||
| Q1 24 | $71.3M | $154.5M |
毛利率KMPRSBAC
| Q4 25 | — | 75.6% | ||
| Q3 25 | — | 74.1% | ||
| Q2 25 | — | 75.4% | ||
| Q1 25 | — | 76.9% | ||
| Q4 24 | — | 78.1% | ||
| Q3 24 | — | 77.5% | ||
| Q2 24 | — | 78.6% | ||
| Q1 24 | — | 79.0% |
营业利润率KMPRSBAC
| Q4 25 | — | 41.5% | ||
| Q3 25 | — | 51.1% | ||
| Q2 25 | — | 47.9% | ||
| Q1 25 | — | 50.4% | ||
| Q4 24 | — | 55.1% | ||
| Q3 24 | 11.2% | 56.3% | ||
| Q2 24 | 10.1% | 53.7% | ||
| Q1 24 | 7.6% | 49.2% |
净利率KMPRSBAC
| Q4 25 | -0.7% | 51.5% | ||
| Q3 25 | -1.7% | 32.3% | ||
| Q2 25 | 5.9% | 32.3% | ||
| Q1 25 | 8.4% | 33.2% | ||
| Q4 24 | 8.2% | 25.8% | ||
| Q3 24 | 6.3% | 38.7% | ||
| Q2 24 | 6.7% | 24.7% | ||
| Q1 24 | 6.2% | 23.5% |
每股收益（稀释后）KMPRSBAC
| Q4 25 | $-0.03 | $3.47 | ||
| Q3 25 | $-0.34 | $2.20 | ||
| Q2 25 | $1.12 | $2.09 | ||
| Q1 25 | $1.54 | $2.04 | ||
| Q4 24 | $1.51 | $1.61 | ||
| Q3 24 | $1.14 | $2.40 | ||
| Q2 24 | $1.16 | $1.51 | ||
| Q1 24 | $1.10 | $1.42 |
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 | — | $271.2M |
| 总债务越低越好 | $943.5M | $12.9B |
| 股东权益账面价值 | $2.7B | $-4.9B |
| 总资产 | $12.5B | $11.6B |
| 负债/权益比越低杠杆越低 | 0.35× | — |
8季度趋势，按日历期对齐
现金及短期投资KMPRSBAC
| Q4 25 | — | $271.2M | ||
| Q3 25 | $371.2M | $431.1M | ||
| Q2 25 | $407.6M | $276.8M | ||
| Q1 25 | $545.3M | $702.2M | ||
| Q4 24 | $1.0B | $444.4M | ||
| Q3 24 | $696.9M | $202.6M | ||
| Q2 24 | $539.1M | $250.9M | ||
| Q1 24 | $520.7M | $241.9M |
总债务KMPRSBAC
| Q4 25 | $943.5M | $12.9B | ||
| Q3 25 | $943.1M | $12.7B | ||
| Q2 25 | $942.6M | $12.5B | ||
| Q1 25 | $942.1M | $12.4B | ||
| Q4 24 | $1.4B | $13.6B | ||
| Q3 24 | $1.4B | $12.3B | ||
| Q2 24 | $1.4B | $12.3B | ||
| Q1 24 | $1.4B | $12.4B |
股东权益KMPRSBAC
| Q4 25 | $2.7B | $-4.9B | ||
| Q3 25 | $2.7B | $-4.9B | ||
| Q2 25 | $370.0M | $-4.9B | ||
| Q1 25 | $366.0M | $-5.0B | ||
| Q4 24 | $2.8B | $-5.1B | ||
| Q3 24 | $2.8B | $-5.2B | ||
| Q2 24 | $358.0M | $-5.3B | ||
| Q1 24 | $2.6B | $-5.2B |
总资产KMPRSBAC
| Q4 25 | $12.5B | $11.6B | ||
| Q3 25 | $12.4B | $11.3B | ||
| Q2 25 | $12.6B | $10.8B | ||
| Q1 25 | $12.5B | $10.4B | ||
| Q4 24 | $12.6B | $11.4B | ||
| Q3 24 | $12.6B | $10.2B | ||
| Q2 24 | $12.6B | $9.8B | ||
| Q1 24 | $12.6B | $10.0B |
负债/权益比KMPRSBAC
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 2.55× | — | ||
| Q1 25 | 2.57× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 0.50× | — | ||
| Q2 24 | 3.88× | — | ||
| Q1 24 | 0.54× | — |
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 | $175.0M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $166.2M | $833.3M |
| 自由现金流率自由现金流/营收 | 14.7% | 115.8% |
| 资本支出强度资本支出/营收 | 0.8% | 63.7% |
| 现金转化率经营现金流/净利润 | — | 3.49× |
| 过去12个月自由现金流最近4个季度 | $553.9M | $1.7B |
8季度趋势，按日历期对齐
经营现金流KMPRSBAC
| Q4 25 | $175.0M | $1.3B | ||
| Q3 25 | $139.9M | $318.0M | ||
| Q2 25 | $89.6M | $368.1M | ||
| Q1 25 | $180.0M | $301.2M | ||
| Q4 24 | $175.1M | $1.3B | ||
| Q3 24 | $141.9M | $304.7M | ||
| Q2 24 | $22.9M | $425.6M | ||
| Q1 24 | $43.0M | $294.5M |
自由现金流KMPRSBAC
| Q4 25 | $166.2M | $833.3M | ||
| Q3 25 | $133.4M | $258.0M | ||
| Q2 25 | $82.0M | $312.2M | ||
| Q1 25 | $172.3M | $255.0M | ||
| Q4 24 | $165.4M | $1.2B | ||
| Q3 24 | $131.4M | $239.9M | ||
| Q2 24 | $5.2M | $375.6M | ||
| Q1 24 | $27.7M | $236.6M |
自由现金流率KMPRSBAC
| Q4 25 | 14.7% | 115.8% | ||
| Q3 25 | 10.8% | 35.2% | ||
| Q2 25 | 6.7% | 44.7% | ||
| Q1 25 | 14.4% | 38.4% | ||
| Q4 24 | 13.9% | 179.9% | ||
| Q3 24 | 11.1% | 35.9% | ||
| Q2 24 | 0.5% | 56.9% | ||
| Q1 24 | 2.4% | 36.0% |
资本支出强度KMPRSBAC
| Q4 25 | 0.8% | 63.7% | ||
| Q3 25 | 0.5% | 8.2% | ||
| Q2 25 | 0.6% | 8.0% | ||
| Q1 25 | 0.6% | 7.0% | ||
| Q4 24 | 0.8% | 12.6% | ||
| Q3 24 | 0.9% | 9.7% | ||
| Q2 24 | 1.6% | 7.6% | ||
| Q1 24 | 1.3% | 8.8% |
现金转化率KMPRSBAC
| Q4 25 | — | 3.49× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | 1.23× | 1.63× | ||
| Q1 25 | 1.81× | 1.36× | ||
| Q4 24 | 1.80× | 7.47× | ||
| Q3 24 | 1.93× | 1.18× | ||
| Q2 24 | 0.30× | 2.61× | ||
| Q1 24 | 0.60× | 1.91× |
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
KMPR
| Specialty Property Casualty Insurance Segment | $995.1M | 88% |
| Life Insurance Segment1 | $140.7M | 12% |
SBAC
暂无分部数据
