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可口可乐公司（KO）与联合太平洋（UNP）财务数据对比。点击上方公司名可切换其他公司
可口可乐公司的季度营收约是联合太平洋的1.9倍（$11.8B vs $6.2B），联合太平洋净利率更高（27.4% vs 19.2%，领先8.2%），联合太平洋同比增速更快（3.2% vs 2.4%），可口可乐公司自由现金流更多（$2.9B vs $631.0M），过去两年可口可乐公司的营收复合增速更高（2.3% vs 1.7%）
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。
联合太平洋是美国一级货运铁路运营商，共运营8300台机车，线路总长超5.18万公里，覆盖芝加哥、新奥尔良以西的23个美国州，是全美规模仅次于BNSF的第二大铁路企业。
KO vs UNP — 直观对比
营收规模更大
KO
是对方的1.9倍
$6.2B
营收增速更快
UNP
高出0.7%
2.4%
净利率更高
UNP
高出8.2%
19.2%
自由现金流更多
KO
多$2.2B
$631.0M
两年增速更快
KO
近两年复合增速
1.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $11.8B | $6.2B |
| 净利润 | $2.3B | $1.7B |
| 毛利率 | 60.0% | — |
| 营业利润率 | 15.6% | 39.5% |
| 净利率 | 19.2% | 27.4% |
| 营收同比 | 2.4% | 3.2% |
| 净利润同比 | 3.5% | 4.6% |
| 每股收益（稀释后） | $0.53 | $2.87 |
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KOUNP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $11.8B | $6.1B | ||
| Q3 25 | $12.5B | $6.2B | ||
| Q2 25 | $12.5B | $6.2B | ||
| Q1 25 | $11.1B | $6.0B | ||
| Q4 24 | $11.5B | $6.1B | ||
| Q3 24 | $11.9B | $6.1B | ||
| Q2 24 | $12.4B | $6.0B |
净利润KOUNP
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.3B | $1.8B | ||
| Q3 25 | $3.7B | $1.8B | ||
| Q2 25 | $3.8B | $1.9B | ||
| Q1 25 | $3.3B | $1.6B | ||
| Q4 24 | $2.2B | $1.8B | ||
| Q3 24 | $2.8B | $1.7B | ||
| Q2 24 | $2.4B | $1.7B |
毛利率KOUNP
| Q1 26 | — | — | ||
| Q4 25 | 60.0% | — | ||
| Q3 25 | 61.5% | — | ||
| Q2 25 | 62.4% | — | ||
| Q1 25 | 62.6% | — | ||
| Q4 24 | 60.0% | — | ||
| Q3 24 | 60.7% | — | ||
| Q2 24 | 61.1% | — |
营业利润率KOUNP
| Q1 26 | — | 39.5% | ||
| Q4 25 | 15.6% | 39.5% | ||
| Q3 25 | 32.0% | 40.8% | ||
| Q2 25 | 34.1% | 41.0% | ||
| Q1 25 | 32.9% | 39.3% | ||
| Q4 24 | 23.5% | 41.3% | ||
| Q3 24 | 21.2% | 39.7% | ||
| Q2 24 | 21.3% | 40.0% |
净利率KOUNP
| Q1 26 | — | 27.4% | ||
| Q4 25 | 19.2% | 30.4% | ||
| Q3 25 | 29.7% | 28.6% | ||
| Q2 25 | 30.4% | 30.5% | ||
| Q1 25 | 29.9% | 27.0% | ||
| Q4 24 | 19.0% | 28.8% | ||
| Q3 24 | 24.0% | 27.4% | ||
| Q2 24 | 19.5% | 27.9% |
每股收益（稀释后）KOUNP
| Q1 26 | — | $2.87 | ||
| Q4 25 | $0.53 | $3.12 | ||
| Q3 25 | $0.86 | $3.01 | ||
| Q2 25 | $0.88 | $3.15 | ||
| Q1 25 | $0.77 | $2.70 | ||
| Q4 24 | $0.50 | $2.91 | ||
| Q3 24 | $0.66 | $2.75 | ||
| Q2 24 | $0.56 | $2.74 |
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 | $735.0M |
| 总债务越低越好 | $42.1B | — |
| 股东权益账面价值 | $32.2B | — |
| 总资产 | $104.8B | $69.6B |
| 负债/权益比越低杠杆越低 | 1.31× | — |
8季度趋势，按日历期对齐
现金及短期投资KOUNP
| Q1 26 | — | $735.0M | ||
| Q4 25 | $10.3B | $1.3B | ||
| Q3 25 | $12.7B | $808.0M | ||
| Q2 25 | $9.6B | $1.1B | ||
| Q1 25 | $8.4B | $1.4B | ||
| Q4 24 | $10.8B | $1.0B | ||
| Q3 24 | $13.9B | $947.0M | ||
| Q2 24 | $13.7B | $1.1B |
总债务KOUNP
| Q1 26 | — | — | ||
| Q4 25 | $42.1B | $30.3B | ||
| Q3 25 | $43.2B | $30.3B | ||
| Q2 25 | $45.0B | $30.3B | ||
| Q1 25 | $43.5B | $30.6B | ||
| Q4 24 | $42.4B | $29.8B | ||
| Q3 24 | $43.0B | $29.8B | ||
| Q2 24 | $38.1B | $31.2B |
股东权益KOUNP
| Q1 26 | — | — | ||
| Q4 25 | $32.2B | $18.5B | ||
| Q3 25 | $31.2B | $17.3B | ||
| Q2 25 | $28.6B | $16.3B | ||
| Q1 25 | $26.2B | $16.0B | ||
| Q4 24 | $24.9B | $16.9B | ||
| Q3 24 | $26.5B | $16.6B | ||
| Q2 24 | $25.9B | $16.5B |
总资产KOUNP
| Q1 26 | — | $69.6B | ||
| Q4 25 | $104.8B | $69.7B | ||
| Q3 25 | $106.0B | $68.6B | ||
| Q2 25 | $104.3B | $68.6B | ||
| Q1 25 | $101.7B | $68.5B | ||
| Q4 24 | $100.5B | $67.7B | ||
| Q3 24 | $106.3B | $67.6B | ||
| Q2 24 | $101.2B | $67.8B |
负债/权益比KOUNP
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | 1.64× | ||
| Q3 25 | 1.38× | 1.75× | ||
| Q2 25 | 1.57× | 1.86× | ||
| Q1 25 | 1.66× | 1.91× | ||
| Q4 24 | 1.70× | 1.76× | ||
| Q3 24 | 1.62× | 1.79× | ||
| Q2 24 | 1.47× | 1.89× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $631.0M |
| 自由现金流率自由现金流/营收 | 24.3% | 10.1% |
| 资本支出强度资本支出/营收 | 7.5% | — |
| 现金转化率经营现金流/净利润 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | $5.3B | $4.8B |
8季度趋势，按日历期对齐
经营现金流KOUNP
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $2.2B | ||
| Q3 25 | $5.0B | $2.5B | ||
| Q2 25 | $3.8B | $2.3B | ||
| Q1 25 | $-5.2B | $2.2B | ||
| Q4 24 | $4.0B | $2.7B | ||
| Q3 24 | $-1.3B | $2.7B | ||
| Q2 24 | $3.6B | $1.9B |
自由现金流KOUNP
| Q1 26 | — | $631.0M | ||
| Q4 25 | $2.9B | $1.2B | ||
| Q3 25 | $4.6B | $1.6B | ||
| Q2 25 | $3.4B | $1.4B | ||
| Q1 25 | $-5.5B | $1.3B | ||
| Q4 24 | $3.1B | $1.7B | ||
| Q3 24 | $-1.7B | $1.8B | ||
| Q2 24 | $3.2B | $1.0B |
自由现金流率KOUNP
| Q1 26 | — | 10.1% | ||
| Q4 25 | 24.3% | 20.1% | ||
| Q3 25 | 36.6% | 25.2% | ||
| Q2 25 | 26.9% | 22.7% | ||
| Q1 25 | -49.5% | 21.6% | ||
| Q4 24 | 27.3% | 28.4% | ||
| Q3 24 | -14.6% | 29.9% | ||
| Q2 24 | 25.6% | 16.8% |
资本支出强度KOUNP
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 16.4% | ||
| Q3 25 | 3.8% | 15.2% | ||
| Q2 25 | 3.5% | 15.2% | ||
| Q1 25 | 2.8% | 15.0% | ||
| Q4 24 | 7.0% | 15.1% | ||
| Q3 24 | 4.0% | 13.6% | ||
| Q2 24 | 3.4% | 15.0% |
现金转化率KOUNP
| Q1 26 | — | — | ||
| Q4 25 | 1.65× | 1.20× | ||
| Q3 25 | 1.36× | 1.41× | ||
| Q2 25 | 1.00× | 1.24× | ||
| Q1 25 | -1.56× | 1.36× | ||
| Q4 24 | 1.80× | 1.51× | ||
| Q3 24 | -0.44× | 1.59× | ||
| Q2 24 | 1.49× | 1.14× |
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% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
