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KOHLS Corp（KSS）与Kenvue（KVUE）财务数据对比。点击上方公司名可切换其他公司
Kenvue的季度营收约是KOHLS Corp的1.1倍（$3.8B vs $3.6B），Kenvue净利率更高（8.7% vs 0.2%，领先8.5%），Kenvue同比增速更快（3.2% vs -3.6%），Kenvue自由现金流更多（$744.0M vs $16.0M），过去两年Kenvue的营收复合增速更高（-1.5% vs -22.5%）
科尔士（Kohl's）是美国知名连锁百货零售商，目前在全美除夏威夷外的各州共开设1174家门店。品牌由波兰移民麦克斯韦·科尔创立，1927年他在威斯康星州密尔沃基开设了一家街角杂货店，在当地发展为成功的连锁品牌后，1962年公司开设首家百货门店，正式进军百货零售领域。
Kenvue是美国消费者健康企业，前身为强生集团消费者健康业务部门，旗下拥有邦迪、李施德林、露得清、泰诺、强生婴儿、仙特明等诸多知名消费健康品牌，总部现位于美国新泽西州萨米特。
KSS vs KVUE — 直观对比
营收规模更大
KVUE
是对方的1.1倍
$3.6B
营收增速更快
KVUE
高出6.9%
-3.6%
净利率更高
KVUE
高出8.5%
0.2%
自由现金流更多
KVUE
多$728.0M
$16.0M
两年增速更快
KVUE
近两年复合增速
-22.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $3.8B |
| 净利润 | $8.0M | $330.0M |
| 毛利率 | 42.4% | 56.5% |
| 营业利润率 | 2.0% | 14.2% |
| 净利率 | 0.2% | 8.7% |
| 营收同比 | -3.6% | 3.2% |
| 净利润同比 | -63.6% | 12.6% |
| 每股收益（稀释后） | $0.07 | $0.16 |
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KSSKVUE
| Q4 25 | $3.6B | $3.8B | ||
| Q3 25 | $3.5B | $3.8B | ||
| Q2 25 | $3.2B | $3.8B | ||
| Q1 25 | $5.4B | $3.7B | ||
| Q4 24 | $3.7B | $3.7B | ||
| Q3 24 | $3.7B | $3.9B | ||
| Q2 24 | $3.4B | $4.0B | ||
| Q1 24 | $6.0B | $3.9B |
净利润KSSKVUE
| Q4 25 | $8.0M | $330.0M | ||
| Q3 25 | $153.0M | $398.0M | ||
| Q2 25 | $-15.0M | $420.0M | ||
| Q1 25 | $48.0M | $322.0M | ||
| Q4 24 | $22.0M | $293.0M | ||
| Q3 24 | $66.0M | $383.0M | ||
| Q2 24 | $-27.0M | $58.0M | ||
| Q1 24 | $186.0M | $296.0M |
毛利率KSSKVUE
| Q4 25 | 42.4% | 56.5% | ||
| Q3 25 | 43.3% | 59.1% | ||
| Q2 25 | 43.3% | 58.9% | ||
| Q1 25 | 35.6% | 58.0% | ||
| Q4 24 | 42.4% | 56.5% | ||
| Q3 24 | 43.0% | 58.5% | ||
| Q2 24 | 43.1% | 59.1% | ||
| Q1 24 | 35.2% | 57.6% |
营业利润率KSSKVUE
| Q4 25 | 2.0% | 14.2% | ||
| Q3 25 | 7.9% | 16.7% | ||
| Q2 25 | 1.9% | 18.0% | ||
| Q1 25 | 2.3% | 14.9% | ||
| Q4 24 | 2.6% | 13.2% | ||
| Q3 24 | 4.4% | 16.8% | ||
| Q2 24 | 1.3% | 3.9% | ||
| Q1 24 | 5.0% | 14.1% |
净利率KSSKVUE
| Q4 25 | 0.2% | 8.7% | ||
| Q3 25 | 4.3% | 10.6% | ||
| Q2 25 | -0.5% | 10.9% | ||
| Q1 25 | 0.9% | 8.6% | ||
| Q4 24 | 0.6% | 8.0% | ||
| Q3 24 | 1.8% | 9.8% | ||
| Q2 24 | -0.8% | 1.5% | ||
| Q1 24 | 3.1% | 7.6% |
每股收益（稀释后）KSSKVUE
| Q4 25 | $0.07 | $0.16 | ||
| Q3 25 | $1.35 | $0.21 | ||
| Q2 25 | $-0.13 | $0.22 | ||
| Q1 25 | $0.43 | $0.17 | ||
| Q4 24 | $0.20 | $0.16 | ||
| Q3 24 | $0.59 | $0.20 | ||
| Q2 24 | $-0.24 | $0.03 | ||
| Q1 24 | $1.67 | $0.15 |
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 | $144.0M | $1.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.9B | $10.8B |
| 总资产 | $14.1B | $27.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资KSSKVUE
| Q4 25 | $144.0M | $1.1B | ||
| Q3 25 | $174.0M | $1.1B | ||
| Q2 25 | $153.0M | $1.1B | ||
| Q1 25 | $134.0M | $1.1B | ||
| Q4 24 | $174.0M | $1.1B | ||
| Q3 24 | $231.0M | $1.1B | ||
| Q2 24 | $228.0M | $1.0B | ||
| Q1 24 | $183.0M | $1.2B |
股东权益KSSKVUE
| Q4 25 | $3.9B | $10.8B | ||
| Q3 25 | $3.9B | $10.6B | ||
| Q2 25 | $3.8B | $10.7B | ||
| Q1 25 | $3.8B | $10.1B | ||
| Q4 24 | $3.8B | $9.7B | ||
| Q3 24 | $3.8B | $10.6B | ||
| Q2 24 | $3.8B | $10.2B | ||
| Q1 24 | $3.9B | $10.6B |
总资产KSSKVUE
| Q4 25 | $14.1B | $27.1B | ||
| Q3 25 | $13.4B | $27.2B | ||
| Q2 25 | $13.6B | $27.1B | ||
| Q1 25 | $13.6B | $26.3B | ||
| Q4 24 | $15.1B | $25.6B | ||
| Q3 24 | $14.2B | $26.9B | ||
| Q2 24 | $14.3B | $26.4B | ||
| Q1 24 | $14.0B | $27.3B |
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 | $124.0M | $854.0M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $744.0M |
| 自由现金流率自由现金流/营收 | 0.4% | 19.7% |
| 资本支出强度资本支出/营收 | 3.0% | 2.9% |
| 现金转化率经营现金流/净利润 | 15.50× | 2.59× |
| 过去12个月自由现金流最近4个季度 | $819.0M | $1.7B |
8季度趋势，按日历期对齐
经营现金流KSSKVUE
| Q4 25 | $124.0M | $854.0M | ||
| Q3 25 | $598.0M | $294.0M | ||
| Q2 25 | $-92.0M | $621.0M | ||
| Q1 25 | $596.0M | $428.0M | ||
| Q4 24 | $-195.0M | $793.0M | ||
| Q3 24 | $254.0M | $249.0M | ||
| Q2 24 | $-7.0M | $440.0M | ||
| Q1 24 | $789.0M | $287.0M |
自由现金流KSSKVUE
| Q4 25 | $16.0M | $744.0M | ||
| Q3 25 | $508.0M | $196.0M | ||
| Q2 25 | $-202.0M | $533.0M | ||
| Q1 25 | $497.0M | $249.0M | ||
| Q4 24 | $-323.0M | $661.0M | ||
| Q3 24 | $141.0M | $190.0M | ||
| Q2 24 | $-133.0M | $350.0M | ||
| Q1 24 | $707.0M | $134.0M |
自由现金流率KSSKVUE
| Q4 25 | 0.4% | 19.7% | ||
| Q3 25 | 14.3% | 5.2% | ||
| Q2 25 | -6.2% | 13.9% | ||
| Q1 25 | 9.2% | 6.7% | ||
| Q4 24 | -8.7% | 18.1% | ||
| Q3 24 | 3.8% | 4.9% | ||
| Q2 24 | -3.9% | 8.8% | ||
| Q1 24 | 11.9% | 3.4% |
资本支出强度KSSKVUE
| Q4 25 | 3.0% | 2.9% | ||
| Q3 25 | 2.5% | 2.6% | ||
| Q2 25 | 3.4% | 2.3% | ||
| Q1 25 | 1.8% | 4.8% | ||
| Q4 24 | 3.5% | 3.6% | ||
| Q3 24 | 3.0% | 1.5% | ||
| Q2 24 | 3.7% | 2.3% | ||
| Q1 24 | 1.4% | 3.9% |
现金转化率KSSKVUE
| Q4 25 | 15.50× | 2.59× | ||
| Q3 25 | 3.91× | 0.74× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | 12.42× | 1.33× | ||
| Q4 24 | -8.86× | 2.71× | ||
| Q3 24 | 3.85× | 0.65× | ||
| Q2 24 | — | 7.59× | ||
| Q1 24 | 4.24× | 0.97× |
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
KSS
| Products | $3.4B | 95% |
| Other | $168.0M | 5% |
| Gift Card | $17.0M | 0% |
KVUE
| Self Care | $1.6B | 42% |
| Essential Health | $1.1B | 30% |
| Skin Health And Beauty | $1.0B | 28% |
