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KOHLS Corp（KSS）与MPLX LP（MPLX）财务数据对比。点击上方公司名可切换其他公司
KOHLS Corp的季度营收约是MPLX LP的1.5倍（$3.6B vs $2.5B），MPLX LP净利率更高（49.1% vs 0.2%，领先48.9%），MPLX LP同比增速更快（1.4% vs -3.6%），MPLX LP自由现金流更多（$782.0M vs $16.0M），过去两年MPLX LP的营收复合增速更高（6.2% 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。
MPLX LP旗下子公司MarkWest Energy Partners是美国业主有限合伙企业，主营天然气收集、加工及运输业务。该公司1988年成立于科罗拉多州丹佛市，曾发展为科罗拉多州第13大企业，2015年被马拉松石油旗下的MPLX收购。
KSS vs MPLX — 直观对比
营收规模更大
KSS
是对方的1.5倍
$2.5B
营收增速更快
MPLX
高出5.0%
-3.6%
净利率更高
MPLX
高出48.9%
0.2%
自由现金流更多
MPLX
多$766.0M
$16.0M
两年增速更快
MPLX
近两年复合增速
-22.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $2.5B |
| 净利润 | $8.0M | $1.2B |
| 毛利率 | 42.4% | — |
| 营业利润率 | 2.0% | 60.5% |
| 净利率 | 0.2% | 49.1% |
| 营收同比 | -3.6% | 1.4% |
| 净利润同比 | -63.6% | 8.5% |
| 每股收益（稀释后） | $0.07 | — |
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KSSMPLX
| Q4 25 | $3.6B | $2.5B | ||
| Q3 25 | $3.5B | $2.5B | ||
| Q2 25 | $3.2B | $2.4B | ||
| Q1 25 | $5.4B | $2.5B | ||
| Q4 24 | $3.7B | $2.4B | ||
| Q3 24 | $3.7B | $2.3B | ||
| Q2 24 | $3.4B | $2.3B | ||
| Q1 24 | $6.0B | $2.2B |
净利润KSSMPLX
| Q4 25 | $8.0M | $1.2B | ||
| Q3 25 | $153.0M | $1.6B | ||
| Q2 25 | $-15.0M | $1.1B | ||
| Q1 25 | $48.0M | $1.1B | ||
| Q4 24 | $22.0M | $1.1B | ||
| Q3 24 | $66.0M | $1.0B | ||
| Q2 24 | $-27.0M | $1.2B | ||
| Q1 24 | $186.0M | $1.0B |
毛利率KSSMPLX
| Q4 25 | 42.4% | — | ||
| Q3 25 | 43.3% | — | ||
| Q2 25 | 43.3% | — | ||
| Q1 25 | 35.6% | — | ||
| Q4 24 | 42.4% | — | ||
| Q3 24 | 43.0% | — | ||
| Q2 24 | 43.1% | — | ||
| Q1 24 | 35.2% | — |
营业利润率KSSMPLX
| Q4 25 | 2.0% | 60.5% | ||
| Q3 25 | 7.9% | 73.2% | ||
| Q2 25 | 1.9% | 54.9% | ||
| Q1 25 | 2.3% | 55.5% | ||
| Q4 24 | 2.6% | 55.6% | ||
| Q3 24 | 4.4% | 54.4% | ||
| Q2 24 | 1.3% | 62.9% | ||
| Q1 24 | 5.0% | 57.6% |
净利率KSSMPLX
| Q4 25 | 0.2% | 49.1% | ||
| Q3 25 | 4.3% | 63.2% | ||
| Q2 25 | -0.5% | 44.9% | ||
| Q1 25 | 0.9% | 46.2% | ||
| Q4 24 | 0.6% | 45.9% | ||
| Q3 24 | 1.8% | 44.6% | ||
| Q2 24 | -0.8% | 52.6% | ||
| Q1 24 | 3.1% | 46.7% |
每股收益（稀释后）KSSMPLX
| Q4 25 | $0.07 | — | ||
| Q3 25 | $1.35 | — | ||
| Q2 25 | $-0.13 | — | ||
| Q1 25 | $0.43 | — | ||
| Q4 24 | $0.20 | — | ||
| Q3 24 | $0.59 | — | ||
| Q2 24 | $-0.24 | — | ||
| Q1 24 | $1.67 | — |
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 | $2.1B |
| 总债务越低越好 | — | $24.2B |
| 股东权益账面价值 | $3.9B | — |
| 总资产 | $14.1B | $43.0B |
| 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KSSMPLX
| Q4 25 | $144.0M | $2.1B | ||
| Q3 25 | $174.0M | $1.8B | ||
| Q2 25 | $153.0M | $1.4B | ||
| Q1 25 | $134.0M | $2.5B | ||
| Q4 24 | $174.0M | $1.5B | ||
| Q3 24 | $231.0M | $2.4B | ||
| Q2 24 | $228.0M | $2.5B | ||
| Q1 24 | $183.0M | $385.0M |
总债务KSSMPLX
| Q4 25 | — | $24.2B | ||
| Q3 25 | — | $24.1B | ||
| Q2 25 | — | $19.7B | ||
| Q1 25 | — | $19.7B | ||
| Q4 24 | — | $19.3B | ||
| Q3 24 | — | $19.3B | ||
| Q2 24 | — | $19.2B | ||
| Q1 24 | — | $18.8B |
股东权益KSSMPLX
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.8B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.8B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.9B | — |
总资产KSSMPLX
| Q4 25 | $14.1B | $43.0B | ||
| Q3 25 | $13.4B | $43.2B | ||
| Q2 25 | $13.6B | $37.8B | ||
| Q1 25 | $13.6B | $39.0B | ||
| Q4 24 | $15.1B | $37.5B | ||
| Q3 24 | $14.2B | $38.5B | ||
| Q2 24 | $14.3B | $38.4B | ||
| Q1 24 | $14.0B | $36.5B |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $782.0M |
| 自由现金流率自由现金流/营收 | 0.4% | 31.9% |
| 资本支出强度资本支出/营收 | 3.0% | 29.1% |
| 现金转化率经营现金流/净利润 | 15.50× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $819.0M | $4.1B |
8季度趋势，按日历期对齐
经营现金流KSSMPLX
| Q4 25 | $124.0M | $1.5B | ||
| Q3 25 | $598.0M | $1.4B | ||
| Q2 25 | $-92.0M | $1.7B | ||
| Q1 25 | $596.0M | $1.2B | ||
| Q4 24 | $-195.0M | $1.7B | ||
| Q3 24 | $254.0M | $1.4B | ||
| Q2 24 | $-7.0M | $1.6B | ||
| Q1 24 | $789.0M | $1.3B |
自由现金流KSSMPLX
| Q4 25 | $16.0M | $782.0M | ||
| Q3 25 | $508.0M | $905.0M | ||
| Q2 25 | $-202.0M | $1.4B | ||
| Q1 25 | $497.0M | $979.0M | ||
| Q4 24 | $-323.0M | $1.4B | ||
| Q3 24 | $141.0M | $1.1B | ||
| Q2 24 | $-133.0M | $1.4B | ||
| Q1 24 | $707.0M | $1.0B |
自由现金流率KSSMPLX
| Q4 25 | 0.4% | 31.9% | ||
| Q3 25 | 14.3% | 36.8% | ||
| Q2 25 | -6.2% | 60.9% | ||
| Q1 25 | 9.2% | 39.8% | ||
| Q4 24 | -8.7% | 56.6% | ||
| Q3 24 | 3.8% | 48.4% | ||
| Q2 24 | -3.9% | 60.0% | ||
| Q1 24 | 11.9% | 47.7% |
资本支出强度KSSMPLX
| Q4 25 | 3.0% | 29.1% | ||
| Q3 25 | 2.5% | 21.4% | ||
| Q2 25 | 3.4% | 12.8% | ||
| Q1 25 | 1.8% | 10.9% | ||
| Q4 24 | 3.5% | 12.7% | ||
| Q3 24 | 3.0% | 11.9% | ||
| Q2 24 | 3.7% | 9.4% | ||
| Q1 24 | 1.4% | 11.7% |
现金转化率KSSMPLX
| Q4 25 | 15.50× | 1.24× | ||
| Q3 25 | 3.91× | 0.92× | ||
| Q2 25 | — | 1.64× | ||
| Q1 25 | 12.42× | 1.10× | ||
| Q4 24 | -8.86× | 1.51× | ||
| Q3 24 | 3.85× | 1.35× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | 4.24× | 1.27× |
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% |
MPLX
| Services | $746.0M | 30% |
| Other | $675.0M | 28% |
| Products | $492.0M | 20% |
| Nonrelated Party | $186.0M | 8% |
| Related Party | $151.0M | 6% |
| Crude Oil And Products Logistics | $104.0M | 4% |
| Service Other | $56.0M | 2% |
| Natural Gas And NGL Services | $41.0M | 2% |
