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KOHLS Corp（KSS）与Constellation Brands（STZ）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Constellation Brands的1.6倍（$3.6B vs $2.2B），Constellation Brands净利率更高（22.6% vs 0.2%，领先22.4%），KOHLS Corp同比增速更快（-3.6% vs -9.8%），Constellation Brands自由现金流更多（$370.9M vs $16.0M），过去两年Constellation Brands的营收复合增速更高（1.9% 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。
Constellation Brands, Inc.是总部位于美国纽约州罗切斯特的《财富》500强企业，主营啤酒、葡萄酒及烈酒的生产与营销，按销售额计算是美国最大的啤酒进口商，在全美主要啤酒供应商中市场份额位列第三。公司还通过与Canopy Growth合作在医用及娱乐大麻领域有大额投资，现有约40处设施、近9000名员工。
KSS vs STZ — 直观对比
营收规模更大
KSS
是对方的1.6倍
$2.2B
营收增速更快
KSS
高出6.1%
-9.8%
净利率更高
STZ
高出22.4%
0.2%
自由现金流更多
STZ
多$354.9M
$16.0M
两年增速更快
STZ
近两年复合增速
-22.5%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $2.2B |
| 净利润 | $8.0M | $502.8M |
| 毛利率 | 42.4% | 53.2% |
| 营业利润率 | 2.0% | 31.1% |
| 净利率 | 0.2% | 22.6% |
| 营收同比 | -3.6% | -9.8% |
| 净利润同比 | -63.6% | -18.4% |
| 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KSSSTZ
| Q4 25 | $3.6B | $2.2B | ||
| Q3 25 | $3.5B | $2.5B | ||
| Q2 25 | $3.2B | $2.5B | ||
| Q1 25 | $5.4B | $2.2B | ||
| Q4 24 | $3.7B | $2.5B | ||
| Q3 24 | $3.7B | $2.9B | ||
| Q2 24 | $3.4B | $2.7B | ||
| Q1 24 | $6.0B | $2.1B |
净利润KSSSTZ
| Q4 25 | $8.0M | $502.8M | ||
| Q3 25 | $153.0M | $466.0M | ||
| Q2 25 | $-15.0M | $516.1M | ||
| Q1 25 | $48.0M | $-375.3M | ||
| Q4 24 | $22.0M | $615.9M | ||
| Q3 24 | $66.0M | $-1.2B | ||
| Q2 24 | $-27.0M | $877.0M | ||
| Q1 24 | $186.0M | $392.4M |
毛利率KSSSTZ
| Q4 25 | 42.4% | 53.2% | ||
| Q3 25 | 43.3% | 52.8% | ||
| Q2 25 | 43.3% | 50.4% | ||
| Q1 25 | 35.6% | 51.5% | ||
| Q4 24 | 42.4% | 52.1% | ||
| Q3 24 | 43.0% | 51.8% | ||
| Q2 24 | 43.1% | 52.7% | ||
| Q1 24 | 35.2% | 48.6% |
营业利润率KSSSTZ
| Q4 25 | 2.0% | 31.1% | ||
| Q3 25 | 7.9% | 35.2% | ||
| Q2 25 | 1.9% | 28.4% | ||
| Q1 25 | 2.3% | -6.9% | ||
| Q4 24 | 2.6% | 32.2% | ||
| Q3 24 | 4.4% | -42.1% | ||
| Q2 24 | 1.3% | 35.4% | ||
| Q1 24 | 5.0% | 29.4% |
净利率KSSSTZ
| Q4 25 | 0.2% | 22.6% | ||
| Q3 25 | 4.3% | 18.8% | ||
| Q2 25 | -0.5% | 20.5% | ||
| Q1 25 | 0.9% | -17.3% | ||
| Q4 24 | 0.6% | 25.0% | ||
| Q3 24 | 1.8% | -41.1% | ||
| Q2 24 | -0.8% | 32.9% | ||
| Q1 24 | 3.1% | 18.3% |
每股收益（稀释后）KSSSTZ
| 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 | $152.4M |
| 总债务越低越好 | — | $10.3B |
| 股东权益账面价值 | $3.9B | $7.7B |
| 总资产 | $14.1B | $21.7B |
| 负债/权益比越低杠杆越低 | — | 1.33× |
8季度趋势，按日历期对齐
现金及短期投资KSSSTZ
| Q4 25 | $144.0M | $152.4M | ||
| Q3 25 | $174.0M | $72.0M | ||
| Q2 25 | $153.0M | $73.9M | ||
| Q1 25 | $134.0M | $68.1M | ||
| Q4 24 | $174.0M | $73.7M | ||
| Q3 24 | $231.0M | $64.6M | ||
| Q2 24 | $228.0M | $73.8M | ||
| Q1 24 | $183.0M | $152.4M |
总债务KSSSTZ
| Q4 25 | — | $10.3B | ||
| Q3 25 | — | $10.3B | ||
| Q2 25 | — | $11.2B | ||
| Q1 25 | — | $10.7B | ||
| Q4 24 | — | $10.7B | ||
| Q3 24 | — | $11.1B | ||
| Q2 24 | — | $11.1B | ||
| Q1 24 | — | $11.6B |
股东权益KSSSTZ
| Q4 25 | $3.9B | $7.7B | ||
| Q3 25 | $3.9B | $7.5B | ||
| Q2 25 | $3.8B | $7.3B | ||
| Q1 25 | $3.8B | $6.9B | ||
| Q4 24 | $3.8B | $7.8B | ||
| Q3 24 | $3.8B | $7.9B | ||
| Q2 24 | $3.8B | $10.3B | ||
| Q1 24 | $3.9B | $9.7B |
总资产KSSSTZ
| Q4 25 | $14.1B | $21.7B | ||
| Q3 25 | $13.4B | $21.4B | ||
| Q2 25 | $13.6B | $22.3B | ||
| Q1 25 | $13.6B | $21.7B | ||
| Q4 24 | $15.1B | $22.8B | ||
| Q3 24 | $14.2B | $23.1B | ||
| Q2 24 | $14.3B | $26.1B | ||
| Q1 24 | $14.0B | $25.7B |
负债/权益比KSSSTZ
| Q4 25 | — | 1.33× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.08× | ||
| Q1 24 | — | 1.19× |
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 | $616.9M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $370.9M |
| 自由现金流率自由现金流/营收 | 0.4% | 16.7% |
| 资本支出强度资本支出/营收 | 3.0% | 11.1% |
| 现金转化率经营现金流/净利润 | 15.50× | 1.23× |
| 过去12个月自由现金流最近4个季度 | $819.0M | $1.8B |
8季度趋势，按日历期对齐
经营现金流KSSSTZ
| Q4 25 | $124.0M | $616.9M | ||
| Q3 25 | $598.0M | $852.1M | ||
| Q2 25 | $-92.0M | $637.2M | ||
| Q1 25 | $596.0M | $594.7M | ||
| Q4 24 | $-195.0M | $685.2M | ||
| Q3 24 | $254.0M | $1.2B | ||
| Q2 24 | $-7.0M | $690.5M | ||
| Q1 24 | $789.0M | $433.2M |
自由现金流KSSSTZ
| Q4 25 | $16.0M | $370.9M | ||
| Q3 25 | $508.0M | $634.8M | ||
| Q2 25 | $-202.0M | $444.4M | ||
| Q1 25 | $497.0M | $312.1M | ||
| Q4 24 | $-323.0M | $456.8M | ||
| Q3 24 | $141.0M | $854.0M | ||
| Q2 24 | $-133.0M | $315.2M | ||
| Q1 24 | $707.0M | $76.0M |
自由现金流率KSSSTZ
| Q4 25 | 0.4% | 16.7% | ||
| Q3 25 | 14.3% | 25.6% | ||
| Q2 25 | -6.2% | 17.7% | ||
| Q1 25 | 9.2% | 14.4% | ||
| Q4 24 | -8.7% | 18.5% | ||
| Q3 24 | 3.8% | 29.3% | ||
| Q2 24 | -3.9% | 11.8% | ||
| Q1 24 | 11.9% | 3.6% |
资本支出强度KSSSTZ
| Q4 25 | 3.0% | 11.1% | ||
| Q3 25 | 2.5% | 8.8% | ||
| Q2 25 | 3.4% | 7.7% | ||
| Q1 25 | 1.8% | 13.1% | ||
| Q4 24 | 3.5% | 9.3% | ||
| Q3 24 | 3.0% | 11.2% | ||
| Q2 24 | 3.7% | 14.1% | ||
| Q1 24 | 1.4% | 16.7% |
现金转化率KSSSTZ
| Q4 25 | 15.50× | 1.23× | ||
| Q3 25 | 3.91× | 1.83× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | 12.42× | — | ||
| Q4 24 | -8.86× | 1.11× | ||
| Q3 24 | 3.85× | — | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | 4.24× | 1.10× |
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% |
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
