vs
可口可乐公司（KO）与泰森食品（TSN）财务数据对比。点击上方公司名可切换其他公司
泰森食品的季度营收约是可口可乐公司的1.2倍（$14.3B vs $11.8B），可口可乐公司净利率更高（19.2% vs 0.6%，领先18.6%），泰森食品同比增速更快（5.1% vs 2.4%），可口可乐公司自由现金流更多（$2.9B vs $690.0M），过去两年泰森食品的营收复合增速更高（4.6% vs 2.3%）
可口可乐公司是1892年成立的美国跨国企业，总部位于佐治亚州亚特兰大。公司主营含可口可乐在内的软饮、各类非酒精饮料浓缩液、糖浆及酒精饮料的生产、销售与营销，股票在纽交所上市，是道琼斯工业平均指数、标普500及标普100指数成分股。
泰森食品是总部位于美国阿肯色州斯普林代尔的跨国食品企业，是仅次于JBS的全球第二大鸡肉、牛肉、猪肉加工销售商，同时是美国规模最大的肉类企业，常年位居美国牛肉出口占比首位，旗下运营泰森、Jimmy Dean、Hillshire Farm等多个知名食品品牌。
KO vs TSN — 直观对比
营收规模更大
TSN
是对方的1.2倍
$11.8B
营收增速更快
TSN
高出2.7%
2.4%
净利率更高
KO
高出18.6%
0.6%
自由现金流更多
KO
多$2.2B
$690.0M
两年增速更快
TSN
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $11.8B | $14.3B |
| 净利润 | $2.3B | $85.0M |
| 毛利率 | 60.0% | 5.6% |
| 营业利润率 | 15.6% | 2.1% |
| 净利率 | 19.2% | 0.6% |
| 营收同比 | 2.4% | 5.1% |
| 净利润同比 | 3.5% | -76.3% |
| 每股收益（稀释后） | $0.53 | $0.24 |
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KOTSN
| Q4 25 | $11.8B | $14.3B | ||
| Q3 25 | $12.5B | $13.9B | ||
| Q2 25 | $12.5B | $13.9B | ||
| Q1 25 | $11.1B | $13.1B | ||
| Q4 24 | $11.5B | $13.6B | ||
| Q3 24 | $11.9B | $13.6B | ||
| Q2 24 | $12.4B | $13.4B | ||
| Q1 24 | $11.3B | $13.1B |
净利润KOTSN
| Q4 25 | $2.3B | $85.0M | ||
| Q3 25 | $3.7B | $47.0M | ||
| Q2 25 | $3.8B | $61.0M | ||
| Q1 25 | $3.3B | $7.0M | ||
| Q4 24 | $2.2B | $359.0M | ||
| Q3 24 | $2.8B | $357.0M | ||
| Q2 24 | $2.4B | $191.0M | ||
| Q1 24 | $3.2B | $145.0M |
毛利率KOTSN
| Q4 25 | 60.0% | 5.6% | ||
| Q3 25 | 61.5% | 5.2% | ||
| Q2 25 | 62.4% | 8.2% | ||
| Q1 25 | 62.6% | 4.6% | ||
| Q4 24 | 60.0% | 8.0% | ||
| Q3 24 | 60.7% | 7.8% | ||
| Q2 24 | 61.1% | 6.6% | ||
| Q1 24 | 62.5% | 6.6% |
营业利润率KOTSN
| Q4 25 | 15.6% | 2.1% | ||
| Q3 25 | 32.0% | 1.1% | ||
| Q2 25 | 34.1% | 1.9% | ||
| Q1 25 | 32.9% | 0.8% | ||
| Q4 24 | 23.5% | 4.3% | ||
| Q3 24 | 21.2% | 3.9% | ||
| Q2 24 | 21.3% | 2.6% | ||
| Q1 24 | 18.9% | 2.4% |
净利率KOTSN
| Q4 25 | 19.2% | 0.6% | ||
| Q3 25 | 29.7% | 0.3% | ||
| Q2 25 | 30.4% | 0.4% | ||
| Q1 25 | 29.9% | 0.1% | ||
| Q4 24 | 19.0% | 2.6% | ||
| Q3 24 | 24.0% | 2.6% | ||
| Q2 24 | 19.5% | 1.4% | ||
| Q1 24 | 28.1% | 1.1% |
每股收益（稀释后）KOTSN
| Q4 25 | $0.53 | $0.24 | ||
| Q3 25 | $0.86 | $0.13 | ||
| Q2 25 | $0.88 | $0.17 | ||
| Q1 25 | $0.77 | $0.02 | ||
| Q4 24 | $0.50 | $1.01 | ||
| Q3 24 | $0.66 | $1.00 | ||
| Q2 24 | $0.56 | $0.54 | ||
| Q1 24 | $0.74 | $0.41 |
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 | $10.3B | $1.3B |
| 总债务越低越好 | $42.1B | $7.5B |
| 股东权益账面价值 | $32.2B | $18.0B |
| 总资产 | $104.8B | $36.0B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.41× |
8季度趋势，按日历期对齐
现金及短期投资KOTSN
| Q4 25 | $10.3B | $1.3B | ||
| Q3 25 | $12.7B | $1.2B | ||
| Q2 25 | $9.6B | $1.5B | ||
| Q1 25 | $8.4B | $992.0M | ||
| Q4 24 | $10.8B | $2.3B | ||
| Q3 24 | $13.9B | $1.7B | ||
| Q2 24 | $13.7B | $2.6B | ||
| Q1 24 | $10.4B | $2.2B |
总债务KOTSN
| Q4 25 | $42.1B | $7.5B | ||
| Q3 25 | $43.2B | $7.9B | ||
| Q2 25 | $45.0B | $8.2B | ||
| Q1 25 | $43.5B | $8.2B | ||
| Q4 24 | $42.4B | $9.7B | ||
| Q3 24 | $43.0B | $9.7B | ||
| Q2 24 | $38.1B | $9.7B | ||
| Q1 24 | $36.5B | $9.6B |
股东权益KOTSN
| Q4 25 | $32.2B | $18.0B | ||
| Q3 25 | $31.2B | $18.1B | ||
| Q2 25 | $28.6B | $18.3B | ||
| Q1 25 | $26.2B | $18.4B | ||
| Q4 24 | $24.9B | $18.5B | ||
| Q3 24 | $26.5B | $18.4B | ||
| Q2 24 | $25.9B | $18.1B | ||
| Q1 24 | $26.4B | $18.1B |
总资产KOTSN
| Q4 25 | $104.8B | $36.0B | ||
| Q3 25 | $106.0B | $36.7B | ||
| Q2 25 | $104.3B | $36.5B | ||
| Q1 25 | $101.7B | $36.3B | ||
| Q4 24 | $100.5B | $37.3B | ||
| Q3 24 | $106.3B | $37.1B | ||
| Q2 24 | $101.2B | $37.7B | ||
| Q1 24 | $99.4B | $37.5B |
负债/权益比KOTSN
| Q4 25 | 1.31× | 0.41× | ||
| Q3 25 | 1.38× | 0.44× | ||
| Q2 25 | 1.57× | 0.45× | ||
| Q1 25 | 1.66× | 0.44× | ||
| Q4 24 | 1.70× | 0.52× | ||
| Q3 24 | 1.62× | 0.53× | ||
| Q2 24 | 1.47× | 0.54× | ||
| Q1 24 | 1.38× | 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 | $3.8B | $942.0M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $690.0M |
| 自由现金流率自由现金流/营收 | 24.3% | 4.8% |
| 资本支出强度资本支出/营收 | 7.5% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.65× | 11.08× |
| 过去12个月自由现金流最近4个季度 | $5.3B | $1.1B |
8季度趋势，按日历期对齐
经营现金流KOTSN
| Q4 25 | $3.8B | $942.0M | ||
| Q3 25 | $5.0B | $535.0M | ||
| Q2 25 | $3.8B | $774.0M | ||
| Q1 25 | $-5.2B | $-185.0M | ||
| Q4 24 | $4.0B | $1.0B | ||
| Q3 24 | $-1.3B | $617.0M | ||
| Q2 24 | $3.6B | $796.0M | ||
| Q1 24 | $528.0M | $-123.0M |
自由现金流KOTSN
| Q4 25 | $2.9B | $690.0M | ||
| Q3 25 | $4.6B | $248.0M | ||
| Q2 25 | $3.4B | $547.0M | ||
| Q1 25 | $-5.5B | $-378.0M | ||
| Q4 24 | $3.1B | $760.0M | ||
| Q3 24 | $-1.7B | $369.0M | ||
| Q2 24 | $3.2B | $533.0M | ||
| Q1 24 | $158.0M | $-390.0M |
自由现金流率KOTSN
| Q4 25 | 24.3% | 4.8% | ||
| Q3 25 | 36.6% | 1.8% | ||
| Q2 25 | 26.9% | 3.9% | ||
| Q1 25 | -49.5% | -2.9% | ||
| Q4 24 | 27.3% | 5.6% | ||
| Q3 24 | -14.6% | 2.7% | ||
| Q2 24 | 25.6% | 4.0% | ||
| Q1 24 | 1.4% | -3.0% |
资本支出强度KOTSN
| Q4 25 | 7.5% | 1.8% | ||
| Q3 25 | 3.8% | 2.1% | ||
| Q2 25 | 3.5% | 1.6% | ||
| Q1 25 | 2.8% | 1.5% | ||
| Q4 24 | 7.0% | 2.0% | ||
| Q3 24 | 4.0% | 1.8% | ||
| Q2 24 | 3.4% | 2.0% | ||
| Q1 24 | 3.3% | 2.0% |
现金转化率KOTSN
| Q4 25 | 1.65× | 11.08× | ||
| Q3 25 | 1.36× | 11.38× | ||
| Q2 25 | 1.00× | 12.69× | ||
| Q1 25 | -1.56× | -26.43× | ||
| Q4 24 | 1.80× | 2.87× | ||
| Q3 24 | -0.44× | 1.73× | ||
| Q2 24 | 1.49× | 4.17× | ||
| Q1 24 | 0.17× | -0.85× |
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
KO
| Other | $7.0B | 59% |
| Finished Product Operations | $2.4B | 21% |
| Concentrate Operations | $2.4B | 20% |
TSN
| Beef | $5.8B | 40% |
| Retail Sales Channel | $2.9B | 20% |
| Pork | $1.6B | 11% |
| Foodservice Sales Channel | $1.6B | 11% |
| Other | $776.0M | 5% |
| Industrialand Other Sales Channel | $575.0M | 4% |
| International Sales Channel | $542.0M | 4% |
| Intersegment Revenues | $534.0M | 4% |
