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可口可乐公司（KO）与Block, Inc.（XYZ）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Block, Inc.的1.9倍（$11.8B vs $6.3B），可口可乐公司净利率更高（19.2% vs 1.9%，领先17.4%），Block, Inc.同比增速更快（3.6% vs 2.4%），可口可乐公司自由现金流更多（$2.9B vs $579.8M），过去两年Block, Inc.的营收复合增速更高（2.4% 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。
Block, Inc.是美国科技企业，面向消费者与商户提供金融服务，由杰克·多尔西于2009年创立，是美国销售点系统领域的市场领导者。截至2024年，平台服务5700万用户及400万商户，年支付处理规模达2410亿美元。
KO vs XYZ — 直观对比
营收规模更大
KO
是对方的1.9倍
$6.3B
营收增速更快
XYZ
高出1.2%
2.4%
净利率更高
KO
高出17.4%
1.9%
自由现金流更多
KO
多$2.3B
$579.8M
两年增速更快
XYZ
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $11.8B | $6.3B |
| 净利润 | $2.3B | $115.8M |
| 毛利率 | 60.0% | 45.9% |
| 营业利润率 | 15.6% | 7.8% |
| 净利率 | 19.2% | 1.9% |
| 营收同比 | 2.4% | 3.6% |
| 净利润同比 | 3.5% | -94.1% |
| 每股收益（稀释后） | $0.53 | $0.19 |
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KOXYZ
| Q4 25 | $11.8B | $6.3B | ||
| Q3 25 | $12.5B | $6.1B | ||
| Q2 25 | $12.5B | $6.1B | ||
| Q1 25 | $11.1B | $5.8B | ||
| Q4 24 | $11.5B | $6.0B | ||
| Q3 24 | $11.9B | $6.0B | ||
| Q2 24 | $12.4B | $6.2B | ||
| Q1 24 | $11.3B | $6.0B |
净利润KOXYZ
| Q4 25 | $2.3B | $115.8M | ||
| Q3 25 | $3.7B | $461.5M | ||
| Q2 25 | $3.8B | $538.5M | ||
| Q1 25 | $3.3B | $189.9M | ||
| Q4 24 | $2.2B | $1.9B | ||
| Q3 24 | $2.8B | $283.8M | ||
| Q2 24 | $2.4B | $195.3M | ||
| Q1 24 | $3.2B | $472.0M |
毛利率KOXYZ
| Q4 25 | 60.0% | 45.9% | ||
| Q3 25 | 61.5% | 43.5% | ||
| Q2 25 | 62.4% | 41.9% | ||
| Q1 25 | 62.6% | 39.7% | ||
| Q4 24 | 60.0% | 38.3% | ||
| Q3 24 | 60.7% | 37.6% | ||
| Q2 24 | 61.1% | 36.3% | ||
| Q1 24 | 62.5% | 35.2% |
营业利润率KOXYZ
| Q4 25 | 15.6% | 7.8% | ||
| Q3 25 | 32.0% | 6.7% | ||
| Q2 25 | 34.1% | 8.0% | ||
| Q1 25 | 32.9% | 5.7% | ||
| Q4 24 | 23.5% | 0.2% | ||
| Q3 24 | 21.2% | 5.4% | ||
| Q2 24 | 21.3% | 5.0% | ||
| Q1 24 | 18.9% | 4.2% |
净利率KOXYZ
| Q4 25 | 19.2% | 1.9% | ||
| Q3 25 | 29.7% | 7.5% | ||
| Q2 25 | 30.4% | 8.9% | ||
| Q1 25 | 29.9% | 3.3% | ||
| Q4 24 | 19.0% | 32.3% | ||
| Q3 24 | 24.0% | 4.7% | ||
| Q2 24 | 19.5% | 3.2% | ||
| Q1 24 | 28.1% | 7.9% |
每股收益（稀释后）KOXYZ
| Q4 25 | $0.53 | $0.19 | ||
| Q3 25 | $0.86 | $0.74 | ||
| Q2 25 | $0.88 | $0.87 | ||
| Q1 25 | $0.77 | $0.30 | ||
| Q4 24 | $0.50 | $3.06 | ||
| Q3 24 | $0.66 | $0.45 | ||
| Q2 24 | $0.56 | $0.31 | ||
| Q1 24 | $0.74 | $0.74 |
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 | $6.6B |
| 总债务越低越好 | $42.1B | — |
| 股东权益账面价值 | $32.2B | $22.2B |
| 总资产 | $104.8B | $39.5B |
| 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KOXYZ
| Q4 25 | $10.3B | $6.6B | ||
| Q3 25 | $12.7B | $8.3B | ||
| Q2 25 | $9.6B | $6.4B | ||
| Q1 25 | $8.4B | $7.1B | ||
| Q4 24 | $10.8B | $8.1B | ||
| Q3 24 | $13.9B | $8.3B | ||
| Q2 24 | $13.7B | $7.8B | ||
| Q1 24 | $10.4B | $5.8B |
总债务KOXYZ
| Q4 25 | $42.1B | — | ||
| Q3 25 | $43.2B | $7.3B | ||
| Q2 25 | $45.0B | $5.1B | ||
| Q1 25 | $43.5B | $5.1B | ||
| Q4 24 | $42.4B | $6.1B | ||
| Q3 24 | $43.0B | $6.1B | ||
| Q2 24 | $38.1B | $6.1B | ||
| Q1 24 | $36.5B | $4.1B |
股东权益KOXYZ
| Q4 25 | $32.2B | $22.2B | ||
| Q3 25 | $31.2B | $22.5B | ||
| Q2 25 | $28.6B | $22.2B | ||
| Q1 25 | $26.2B | $21.5B | ||
| Q4 24 | $24.9B | $21.3B | ||
| Q3 24 | $26.5B | $19.9B | ||
| Q2 24 | $25.9B | $19.3B | ||
| Q1 24 | $26.4B | $19.0B |
总资产KOXYZ
| Q4 25 | $104.8B | $39.5B | ||
| Q3 25 | $106.0B | $39.2B | ||
| Q2 25 | $104.3B | $36.9B | ||
| Q1 25 | $101.7B | $36.4B | ||
| Q4 24 | $100.5B | $36.8B | ||
| Q3 24 | $106.3B | $36.4B | ||
| Q2 24 | $101.2B | $37.5B | ||
| Q1 24 | $99.4B | $35.6B |
负债/权益比KOXYZ
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.38× | 0.32× | ||
| Q2 25 | 1.57× | 0.23× | ||
| Q1 25 | 1.66× | 0.24× | ||
| Q4 24 | 1.70× | 0.29× | ||
| Q3 24 | 1.62× | 0.31× | ||
| Q2 24 | 1.47× | 0.32× | ||
| Q1 24 | 1.38× | 0.22× |
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 | $621.0M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $579.8M |
| 自由现金流率自由现金流/营收 | 24.3% | 9.3% |
| 资本支出强度资本支出/营收 | 7.5% | 0.7% |
| 现金转化率经营现金流/净利润 | 1.65× | 5.36× |
| 过去12个月自由现金流最近4个季度 | $5.3B | $2.4B |
8季度趋势，按日历期对齐
经营现金流KOXYZ
| Q4 25 | $3.8B | $621.0M | ||
| Q3 25 | $5.0B | $1.5B | ||
| Q2 25 | $3.8B | $374.3M | ||
| Q1 25 | $-5.2B | $133.3M | ||
| Q4 24 | $4.0B | $13.8M | ||
| Q3 24 | $-1.3B | $684.8M | ||
| Q2 24 | $3.6B | $519.4M | ||
| Q1 24 | $528.0M | $489.4M |
自由现金流KOXYZ
| Q4 25 | $2.9B | $579.8M | ||
| Q3 25 | $4.6B | $1.4B | ||
| Q2 25 | $3.4B | $343.0M | ||
| Q1 25 | $-5.5B | $101.5M | ||
| Q4 24 | $3.1B | $-13.2M | ||
| Q3 24 | $-1.7B | $628.2M | ||
| Q2 24 | $3.2B | $481.0M | ||
| Q1 24 | $158.0M | $457.4M |
自由现金流率KOXYZ
| Q4 25 | 24.3% | 9.3% | ||
| Q3 25 | 36.6% | 22.9% | ||
| Q2 25 | 26.9% | 5.7% | ||
| Q1 25 | -49.5% | 1.8% | ||
| Q4 24 | 27.3% | -0.2% | ||
| Q3 24 | -14.6% | 10.5% | ||
| Q2 24 | 25.6% | 7.8% | ||
| Q1 24 | 1.4% | 7.7% |
资本支出强度KOXYZ
| Q4 25 | 7.5% | 0.7% | ||
| Q3 25 | 3.8% | 0.8% | ||
| Q2 25 | 3.5% | 0.5% | ||
| Q1 25 | 2.8% | 0.6% | ||
| Q4 24 | 7.0% | 0.4% | ||
| Q3 24 | 4.0% | 0.9% | ||
| Q2 24 | 3.4% | 0.6% | ||
| Q1 24 | 3.3% | 0.5% |
现金转化率KOXYZ
| Q4 25 | 1.65× | 5.36× | ||
| Q3 25 | 1.36× | 3.14× | ||
| Q2 25 | 1.00× | 0.70× | ||
| Q1 25 | -1.56× | 0.70× | ||
| Q4 24 | 1.80× | 0.01× | ||
| Q3 24 | -0.44× | 2.41× | ||
| Q2 24 | 1.49× | 2.66× | ||
| Q1 24 | 0.17× | 1.04× |
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% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
