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KOHLS Corp（KSS）与Toll Brothers, Inc.（TOL）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Toll Brothers, Inc.的1.0倍（$3.6B vs $3.4B），Toll Brothers, Inc.净利率更高（13.0% vs 0.2%，领先12.8%），Toll Brothers, Inc.同比增速更快（2.7% vs -3.6%），Toll Brothers, Inc.自由现金流更多（$772.2M vs $16.0M），过去两年Toll Brothers, Inc.的营收复合增速更高（32.6% 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。
Toll Brothers, Inc.是美国知名住宅建造企业，业务涵盖美国境内住宅及商业地产的开发、营销与融资服务。2020年按住宅建造营收统计，该公司为全美第五大房屋建造商，位列《财富》美国500强第411位。
KSS vs TOL — 直观对比
营收规模更大
KSS
是对方的1.0倍
$3.4B
营收增速更快
TOL
高出6.3%
-3.6%
净利率更高
TOL
高出12.8%
0.2%
自由现金流更多
TOL
多$756.2M
$16.0M
两年增速更快
TOL
近两年复合增速
-22.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $3.4B |
| 净利润 | $8.0M | $446.7M |
| 毛利率 | 42.4% | 24.8% |
| 营业利润率 | 2.0% | 16.5% |
| 净利率 | 0.2% | 13.0% |
| 营收同比 | -3.6% | 2.7% |
| 净利润同比 | -63.6% | -6.0% |
| 每股收益（稀释后） | $0.07 | $4.51 |
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KSSTOL
| Q4 25 | $3.6B | $3.4B | ||
| Q3 25 | $3.5B | $2.9B | ||
| Q2 25 | $3.2B | $2.7B | ||
| Q1 25 | $5.4B | $1.9B | ||
| Q4 24 | $3.7B | $3.3B | ||
| Q3 24 | $3.7B | $2.7B | ||
| Q2 24 | $3.4B | $2.8B | ||
| Q1 24 | $6.0B | $1.9B |
净利润KSSTOL
| Q4 25 | $8.0M | $446.7M | ||
| Q3 25 | $153.0M | $369.6M | ||
| Q2 25 | $-15.0M | $352.4M | ||
| Q1 25 | $48.0M | $177.7M | ||
| Q4 24 | $22.0M | $475.4M | ||
| Q3 24 | $66.0M | $374.6M | ||
| Q2 24 | $-27.0M | $481.6M | ||
| Q1 24 | $186.0M | $239.6M |
毛利率KSSTOL
| Q4 25 | 42.4% | 24.8% | ||
| Q3 25 | 43.3% | 25.2% | ||
| Q2 25 | 43.3% | 25.8% | ||
| Q1 25 | 35.6% | 24.7% | ||
| Q4 24 | 42.4% | 26.4% | ||
| Q3 24 | 43.0% | 27.2% | ||
| Q2 24 | 43.1% | 30.4% | ||
| Q1 24 | 35.2% | 27.6% |
营业利润率KSSTOL
| Q4 25 | 2.0% | 16.5% | ||
| Q3 25 | 7.9% | 16.6% | ||
| Q2 25 | 1.9% | 16.4% | ||
| Q1 25 | 2.3% | 11.8% | ||
| Q4 24 | 2.6% | 18.3% | ||
| Q3 24 | 4.4% | 18.2% | ||
| Q2 24 | 1.3% | 22.0% | ||
| Q1 24 | 5.0% | 15.8% |
净利率KSSTOL
| Q4 25 | 0.2% | 13.0% | ||
| Q3 25 | 4.3% | 12.6% | ||
| Q2 25 | -0.5% | 12.9% | ||
| Q1 25 | 0.9% | 9.6% | ||
| Q4 24 | 0.6% | 14.3% | ||
| Q3 24 | 1.8% | 13.7% | ||
| Q2 24 | -0.8% | 17.0% | ||
| Q1 24 | 3.1% | 12.3% |
每股收益（稀释后）KSSTOL
| Q4 25 | $0.07 | $4.51 | ||
| Q3 25 | $1.35 | $3.73 | ||
| Q2 25 | $-0.13 | $3.50 | ||
| Q1 25 | $0.43 | $1.75 | ||
| Q4 24 | $0.20 | $4.61 | ||
| Q3 24 | $0.59 | $3.60 | ||
| Q2 24 | $-0.24 | $4.55 | ||
| Q1 24 | $1.67 | $2.25 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.9B | $8.3B |
| 总资产 | $14.1B | $14.5B |
| 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KSSTOL
| Q4 25 | $144.0M | $1.3B | ||
| Q3 25 | $174.0M | $852.3M | ||
| Q2 25 | $153.0M | $686.5M | ||
| Q1 25 | $134.0M | $574.8M | ||
| Q4 24 | $174.0M | $1.3B | ||
| Q3 24 | $231.0M | $893.4M | ||
| Q2 24 | $228.0M | $1.0B | ||
| Q1 24 | $183.0M | $754.8M |
股东权益KSSTOL
| Q4 25 | $3.9B | $8.3B | ||
| Q3 25 | $3.9B | $8.1B | ||
| Q2 25 | $3.8B | $7.9B | ||
| Q1 25 | $3.8B | $7.8B | ||
| Q4 24 | $3.8B | $7.7B | ||
| Q3 24 | $3.8B | $7.4B | ||
| Q2 24 | $3.8B | $7.3B | ||
| Q1 24 | $3.9B | $7.0B |
总资产KSSTOL
| Q4 25 | $14.1B | $14.5B | ||
| Q3 25 | $13.4B | $14.4B | ||
| Q2 25 | $13.6B | $14.2B | ||
| Q1 25 | $13.6B | $13.6B | ||
| Q4 24 | $15.1B | $13.4B | ||
| Q3 24 | $14.2B | $13.4B | ||
| Q2 24 | $14.3B | $13.3B | ||
| Q1 24 | $14.0B | $12.5B |
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 | $800.0M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $772.2M |
| 自由现金流率自由现金流/营收 | 0.4% | 22.6% |
| 资本支出强度资本支出/营收 | 3.0% | 0.8% |
| 现金转化率经营现金流/净利润 | 15.50× | 1.79× |
| 过去12个月自由现金流最近4个季度 | $819.0M | $1.0B |
8季度趋势，按日历期对齐
经营现金流KSSTOL
| Q4 25 | $124.0M | $800.0M | ||
| Q3 25 | $598.0M | $370.3M | ||
| Q2 25 | $-92.0M | $362.8M | ||
| Q1 25 | $596.0M | $-420.8M | ||
| Q4 24 | $-195.0M | $682.5M | ||
| Q3 24 | $254.0M | $175.6M | ||
| Q2 24 | $-7.0M | $459.0M | ||
| Q1 24 | $789.0M | $-307.0M |
自由现金流KSSTOL
| Q4 25 | $16.0M | $772.2M | ||
| Q3 25 | $508.0M | $344.9M | ||
| Q2 25 | $-202.0M | $347.3M | ||
| Q1 25 | $497.0M | $-438.1M | ||
| Q4 24 | $-323.0M | $664.3M | ||
| Q3 24 | $141.0M | $149.9M | ||
| Q2 24 | $-133.0M | $442.9M | ||
| Q1 24 | $707.0M | $-320.6M |
自由现金流率KSSTOL
| Q4 25 | 0.4% | 22.6% | ||
| Q3 25 | 14.3% | 11.7% | ||
| Q2 25 | -6.2% | 12.7% | ||
| Q1 25 | 9.2% | -23.6% | ||
| Q4 24 | -8.7% | 19.9% | ||
| Q3 24 | 3.8% | 5.5% | ||
| Q2 24 | -3.9% | 15.6% | ||
| Q1 24 | 11.9% | -16.5% |
资本支出强度KSSTOL
| Q4 25 | 3.0% | 0.8% | ||
| Q3 25 | 2.5% | 0.9% | ||
| Q2 25 | 3.4% | 0.6% | ||
| Q1 25 | 1.8% | 0.9% | ||
| Q4 24 | 3.5% | 0.5% | ||
| Q3 24 | 3.0% | 0.9% | ||
| Q2 24 | 3.7% | 0.6% | ||
| Q1 24 | 1.4% | 0.7% |
现金转化率KSSTOL
| Q4 25 | 15.50× | 1.79× | ||
| Q3 25 | 3.91× | 1.00× | ||
| Q2 25 | — | 1.03× | ||
| Q1 25 | 12.42× | -2.37× | ||
| Q4 24 | -8.86× | 1.44× | ||
| Q3 24 | 3.85× | 0.47× | ||
| Q2 24 | — | 0.95× | ||
| Q1 24 | 4.24× | -1.28× |
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% |
TOL
| Home Building | $3.4B | 100% |
| Land | $9.4M | 0% |
