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KOHLS Corp（KSS）与Steel Dynamics（STLD）财务数据对比。点击上方公司名可切换其他公司
Steel Dynamics的季度营收约是KOHLS Corp的1.5倍（$5.2B vs $3.6B），Steel Dynamics净利率更高（7.7% vs 0.2%，领先7.5%），Steel Dynamics同比增速更快（17.9% vs -3.6%），过去两年Steel Dynamics的营收复合增速更高（6.0% 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。
Steel Dynamics是总部位于美国印第安纳州韦恩堡的钢铁生产企业，钢铁产能达1300万吨，为美国第三大碳钢产品生产商，按利润率及每吨运营利润率计算属于美国盈利能力最强的钢企之一，凭借2021年营收位列2022年财富美国500强第196位。
KSS vs STLD — 直观对比
营收规模更大
STLD
是对方的1.5倍
$3.6B
营收增速更快
STLD
高出21.6%
-3.6%
净利率更高
STLD
高出7.5%
0.2%
两年增速更快
STLD
近两年复合增速
-22.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $5.2B |
| 净利润 | $8.0M | $400.1M |
| 毛利率 | 42.4% | 14.7% |
| 营业利润率 | 2.0% | 10.3% |
| 净利率 | 0.2% | 7.7% |
| 营收同比 | -3.6% | 17.9% |
| 净利润同比 | -63.6% | 51.3% |
| 每股收益（稀释后） | $0.07 | $2.78 |
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KSSSTLD
| Q1 26 | — | $5.2B | ||
| Q4 25 | $3.6B | $4.4B | ||
| Q3 25 | $3.5B | $4.8B | ||
| Q2 25 | $3.2B | $4.6B | ||
| Q1 25 | $5.4B | $4.4B | ||
| Q4 24 | $3.7B | $3.9B | ||
| Q3 24 | $3.7B | $4.3B | ||
| Q2 24 | $3.4B | $4.6B |
净利润KSSSTLD
| Q1 26 | — | $400.1M | ||
| Q4 25 | $8.0M | $266.0M | ||
| Q3 25 | $153.0M | $403.7M | ||
| Q2 25 | $-15.0M | $298.7M | ||
| Q1 25 | $48.0M | $217.2M | ||
| Q4 24 | $22.0M | $207.3M | ||
| Q3 24 | $66.0M | $317.8M | ||
| Q2 24 | $-27.0M | $428.0M |
毛利率KSSSTLD
| Q1 26 | — | 14.7% | ||
| Q4 25 | 42.4% | 12.0% | ||
| Q3 25 | 43.3% | 15.7% | ||
| Q2 25 | 43.3% | 13.5% | ||
| Q1 25 | 35.6% | 11.1% | ||
| Q4 24 | 42.4% | 11.4% | ||
| Q3 24 | 43.0% | 13.9% | ||
| Q2 24 | 43.1% | 16.7% |
营业利润率KSSSTLD
| Q1 26 | — | 10.3% | ||
| Q4 25 | 2.0% | 7.0% | ||
| Q3 25 | 7.9% | 10.5% | ||
| Q2 25 | 1.9% | 8.4% | ||
| Q1 25 | 2.3% | 6.3% | ||
| Q4 24 | 2.6% | 6.1% | ||
| Q3 24 | 4.4% | 9.1% | ||
| Q2 24 | 1.3% | 12.1% |
净利率KSSSTLD
| Q1 26 | — | 7.7% | ||
| Q4 25 | 0.2% | 6.0% | ||
| Q3 25 | 4.3% | 8.4% | ||
| Q2 25 | -0.5% | 6.5% | ||
| Q1 25 | 0.9% | 5.0% | ||
| Q4 24 | 0.6% | 5.4% | ||
| Q3 24 | 1.8% | 7.3% | ||
| Q2 24 | -0.8% | 9.2% |
每股收益（稀释后）KSSSTLD
| Q1 26 | — | $2.78 | ||
| Q4 25 | $0.07 | $1.80 | ||
| Q3 25 | $1.35 | $2.74 | ||
| Q2 25 | $-0.13 | $2.01 | ||
| Q1 25 | $0.43 | $1.44 | ||
| Q4 24 | $0.20 | $1.40 | ||
| Q3 24 | $0.59 | $2.05 | ||
| Q2 24 | $-0.24 | $2.72 |
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 | $556.5M |
| 总债务越低越好 | — | $4.2B |
| 股东权益账面价值 | $3.9B | $9.0B |
| 总资产 | $14.1B | $16.7B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资KSSSTLD
| Q1 26 | — | $556.5M | ||
| Q4 25 | $144.0M | $769.9M | ||
| Q3 25 | $174.0M | $770.4M | ||
| Q2 25 | $153.0M | $497.6M | ||
| Q1 25 | $134.0M | $1.2B | ||
| Q4 24 | $174.0M | $737.3M | ||
| Q3 24 | $231.0M | $1.7B | ||
| Q2 24 | $228.0M | $1.2B |
总债务KSSSTLD
| Q1 26 | — | $4.2B | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.1B |
股东权益KSSSTLD
| Q1 26 | — | $9.0B | ||
| Q4 25 | $3.9B | $9.0B | ||
| Q3 25 | $3.9B | $9.0B | ||
| Q2 25 | $3.8B | $8.9B | ||
| Q1 25 | $3.8B | $8.8B | ||
| Q4 24 | $3.8B | $8.9B | ||
| Q3 24 | $3.8B | $9.1B | ||
| Q2 24 | $3.8B | $9.1B |
总资产KSSSTLD
| Q1 26 | — | $16.7B | ||
| Q4 25 | $14.1B | $16.4B | ||
| Q3 25 | $13.4B | $16.0B | ||
| Q2 25 | $13.6B | $15.5B | ||
| Q1 25 | $13.6B | $15.9B | ||
| Q4 24 | $15.1B | $14.9B | ||
| Q3 24 | $14.2B | $15.7B | ||
| Q2 24 | $14.3B | $15.1B |
负债/权益比KSSSTLD
| Q1 26 | — | 0.47× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.34× |
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 | $148.3M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | — |
| 自由现金流率自由现金流/营收 | 0.4% | — |
| 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× | 0.37× |
| 过去12个月自由现金流最近4个季度 | $819.0M | — |
8季度趋势，按日历期对齐
经营现金流KSSSTLD
| Q1 26 | — | $148.3M | ||
| Q4 25 | $124.0M | $272.7M | ||
| Q3 25 | $598.0M | $722.6M | ||
| Q2 25 | $-92.0M | $301.6M | ||
| Q1 25 | $596.0M | $152.6M | ||
| Q4 24 | $-195.0M | $346.9M | ||
| Q3 24 | $254.0M | $759.9M | ||
| Q2 24 | $-7.0M | $382.6M |
自由现金流KSSSTLD
| Q1 26 | — | — | ||
| Q4 25 | $16.0M | $84.2M | ||
| Q3 25 | $508.0M | $556.9M | ||
| Q2 25 | $-202.0M | $13.3M | ||
| Q1 25 | $497.0M | $-152.9M | ||
| Q4 24 | $-323.0M | $-106.3M | ||
| Q3 24 | $141.0M | $138.5M | ||
| Q2 24 | $-133.0M | $-36.6M |
自由现金流率KSSSTLD
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 1.9% | ||
| Q3 25 | 14.3% | 11.5% | ||
| Q2 25 | -6.2% | 0.3% | ||
| Q1 25 | 9.2% | -3.5% | ||
| Q4 24 | -8.7% | -2.7% | ||
| Q3 24 | 3.8% | 3.2% | ||
| Q2 24 | -3.9% | -0.8% |
资本支出强度KSSSTLD
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 4.3% | ||
| Q3 25 | 2.5% | 3.4% | ||
| Q2 25 | 3.4% | 6.3% | ||
| Q1 25 | 1.8% | 7.0% | ||
| Q4 24 | 3.5% | 11.7% | ||
| Q3 24 | 3.0% | 14.3% | ||
| Q2 24 | 3.7% | 9.0% |
现金转化率KSSSTLD
| Q1 26 | — | 0.37× | ||
| Q4 25 | 15.50× | 1.03× | ||
| Q3 25 | 3.91× | 1.79× | ||
| Q2 25 | — | 1.01× | ||
| Q1 25 | 12.42× | 0.70× | ||
| Q4 24 | -8.86× | 1.67× | ||
| Q3 24 | 3.85× | 2.39× | ||
| Q2 24 | — | 0.89× |
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% |
STLD
| Steel | $3.5B | 68% |
| Metals Recycling | $593.2M | 11% |
| Other | $490.1M | 9% |
| Steel Fabrication | $355.4M | 7% |
| Aluminum | $227.4M | 4% |
