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KOHLS Corp（KSS）与ServiceNow（NOW）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是KOHLS Corp的1.1倍（$3.8B vs $3.6B），ServiceNow净利率更高（12.4% vs 0.2%，领先12.2%），ServiceNow同比增速更快（2.8% vs -3.6%），ServiceNow自由现金流更多（$1.7B vs $16.0M），过去两年ServiceNow的营收复合增速更高（19.8% 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。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
KSS vs NOW — 直观对比
营收规模更大
NOW
是对方的1.1倍
$3.6B
营收增速更快
NOW
高出6.4%
-3.6%
净利率更高
NOW
高出12.2%
0.2%
自由现金流更多
NOW
多$1.6B
$16.0M
两年增速更快
NOW
近两年复合增速
-22.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $3.8B |
| 净利润 | $8.0M | $469.0M |
| 毛利率 | 42.4% | 75.1% |
| 营业利润率 | 2.0% | 13.3% |
| 净利率 | 0.2% | 12.4% |
| 营收同比 | -3.6% | 2.8% |
| 净利润同比 | -63.6% | -53.7% |
| 每股收益（稀释后） | $0.07 | $1.04 |
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KSSNOW
| Q1 26 | — | $3.8B | ||
| Q4 25 | $3.6B | $3.6B | ||
| Q3 25 | $3.5B | $3.4B | ||
| Q2 25 | $3.2B | $3.2B | ||
| Q1 25 | $5.4B | $3.1B | ||
| Q4 24 | $3.7B | $3.0B | ||
| Q3 24 | $3.7B | $2.8B | ||
| Q2 24 | $3.4B | $2.6B |
净利润KSSNOW
| Q1 26 | — | $469.0M | ||
| Q4 25 | $8.0M | $401.0M | ||
| Q3 25 | $153.0M | $502.0M | ||
| Q2 25 | $-15.0M | $385.0M | ||
| Q1 25 | $48.0M | $460.0M | ||
| Q4 24 | $22.0M | $384.0M | ||
| Q3 24 | $66.0M | $432.0M | ||
| Q2 24 | $-27.0M | $262.0M |
毛利率KSSNOW
| Q1 26 | — | 75.1% | ||
| Q4 25 | 42.4% | 76.6% | ||
| Q3 25 | 43.3% | 77.3% | ||
| Q2 25 | 43.3% | 77.5% | ||
| Q1 25 | 35.6% | 78.9% | ||
| Q4 24 | 42.4% | 78.7% | ||
| Q3 24 | 43.0% | 79.1% | ||
| Q2 24 | 43.1% | 79.0% |
营业利润率KSSNOW
| Q1 26 | — | 13.3% | ||
| Q4 25 | 2.0% | 12.4% | ||
| Q3 25 | 7.9% | 16.8% | ||
| Q2 25 | 1.9% | 11.1% | ||
| Q1 25 | 2.3% | 14.6% | ||
| Q4 24 | 2.6% | 12.6% | ||
| Q3 24 | 4.4% | 14.9% | ||
| Q2 24 | 1.3% | 9.1% |
净利率KSSNOW
| Q1 26 | — | 12.4% | ||
| Q4 25 | 0.2% | 11.2% | ||
| Q3 25 | 4.3% | 14.7% | ||
| Q2 25 | -0.5% | 12.0% | ||
| Q1 25 | 0.9% | 14.9% | ||
| Q4 24 | 0.6% | 13.0% | ||
| Q3 24 | 1.8% | 15.4% | ||
| Q2 24 | -0.8% | 10.0% |
每股收益（稀释后）KSSNOW
| Q1 26 | — | $1.04 | ||
| Q4 25 | $0.07 | $-4.77 | ||
| Q3 25 | $1.35 | $2.40 | ||
| Q2 25 | $-0.13 | $1.84 | ||
| Q1 25 | $0.43 | $2.20 | ||
| Q4 24 | $0.20 | $1.84 | ||
| Q3 24 | $0.59 | $2.07 | ||
| Q2 24 | $-0.24 | $1.26 |
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 | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.9B | $11.7B |
| 总资产 | $14.1B | $24.4B |
| 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KSSNOW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $144.0M | $3.7B | ||
| Q3 25 | $174.0M | $2.7B | ||
| Q2 25 | $153.0M | $3.1B | ||
| Q1 25 | $134.0M | $3.4B | ||
| Q4 24 | $174.0M | $2.3B | ||
| Q3 24 | $231.0M | $1.9B | ||
| Q2 24 | $228.0M | $2.2B |
股东权益KSSNOW
| Q1 26 | — | $11.7B | ||
| Q4 25 | $3.9B | $13.0B | ||
| Q3 25 | $3.9B | $11.3B | ||
| Q2 25 | $3.8B | $10.9B | ||
| Q1 25 | $3.8B | $10.1B | ||
| Q4 24 | $3.8B | $9.6B | ||
| Q3 24 | $3.8B | $9.3B | ||
| Q2 24 | $3.8B | $8.7B |
总资产KSSNOW
| Q1 26 | — | $24.4B | ||
| Q4 25 | $14.1B | $26.0B | ||
| Q3 25 | $13.4B | $21.8B | ||
| Q2 25 | $13.6B | $22.1B | ||
| Q1 25 | $13.6B | $21.0B | ||
| Q4 24 | $15.1B | $20.4B | ||
| Q3 24 | $14.2B | $18.4B | ||
| Q2 24 | $14.3B | $18.2B |
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 | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $1.7B |
| 自由现金流率自由现金流/营收 | 0.4% | 44.2% |
| 资本支出强度资本支出/营收 | 3.0% | — |
| 现金转化率经营现金流/净利润 | 15.50× | 3.56× |
| 过去12个月自由现金流最近4个季度 | $819.0M | $4.8B |
8季度趋势，按日历期对齐
经营现金流KSSNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $124.0M | $2.2B | ||
| Q3 25 | $598.0M | $813.0M | ||
| Q2 25 | $-92.0M | $716.0M | ||
| Q1 25 | $596.0M | $1.7B | ||
| Q4 24 | $-195.0M | $1.6B | ||
| Q3 24 | $254.0M | $671.0M | ||
| Q2 24 | $-7.0M | $620.0M |
自由现金流KSSNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $16.0M | $2.0B | ||
| Q3 25 | $508.0M | $578.0M | ||
| Q2 25 | $-202.0M | $526.0M | ||
| Q1 25 | $497.0M | $1.5B | ||
| Q4 24 | $-323.0M | $1.4B | ||
| Q3 24 | $141.0M | $469.0M | ||
| Q2 24 | $-133.0M | $358.0M |
自由现金流率KSSNOW
| Q1 26 | — | 44.2% | ||
| Q4 25 | 0.4% | 56.1% | ||
| Q3 25 | 14.3% | 17.0% | ||
| Q2 25 | -6.2% | 16.4% | ||
| Q1 25 | 9.2% | 47.7% | ||
| Q4 24 | -8.7% | 46.7% | ||
| Q3 24 | 3.8% | 16.8% | ||
| Q2 24 | -3.9% | 13.6% |
资本支出强度KSSNOW
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 6.7% | ||
| Q3 25 | 2.5% | 6.9% | ||
| Q2 25 | 3.4% | 5.9% | ||
| Q1 25 | 1.8% | 6.6% | ||
| Q4 24 | 3.5% | 8.6% | ||
| Q3 24 | 3.0% | 7.2% | ||
| Q2 24 | 3.7% | 10.0% |
现金转化率KSSNOW
| Q1 26 | — | 3.56× | ||
| Q4 25 | 15.50× | 5.58× | ||
| Q3 25 | 3.91× | 1.62× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | 12.42× | 3.65× | ||
| Q4 24 | -8.86× | 4.26× | ||
| Q3 24 | 3.85× | 1.55× | ||
| Q2 24 | — | 2.37× |
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% |
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
