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KOHLS Corp（KSS）与联合太平洋（UNP）财务数据对比。点击上方公司名可切换其他公司
联合太平洋的季度营收约是KOHLS Corp的1.7倍（$6.2B vs $3.6B），联合太平洋净利率更高（27.4% vs 0.2%，领先27.1%），联合太平洋同比增速更快（3.2% vs -3.6%），联合太平洋自由现金流更多（$631.0M vs $16.0M），过去两年联合太平洋的营收复合增速更高（1.7% 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。
联合太平洋是美国一级货运铁路运营商，共运营8300台机车，线路总长超5.18万公里，覆盖芝加哥、新奥尔良以西的23个美国州，是全美规模仅次于BNSF的第二大铁路企业。
KSS vs UNP — 直观对比
营收规模更大
UNP
是对方的1.7倍
$3.6B
营收增速更快
UNP
高出6.8%
-3.6%
净利率更高
UNP
高出27.1%
0.2%
自由现金流更多
UNP
多$615.0M
$16.0M
两年增速更快
UNP
近两年复合增速
-22.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $6.2B |
| 净利润 | $8.0M | $1.7B |
| 毛利率 | 42.4% | — |
| 营业利润率 | 2.0% | 39.5% |
| 净利率 | 0.2% | 27.4% |
| 营收同比 | -3.6% | 3.2% |
| 净利润同比 | -63.6% | 4.6% |
| 每股收益（稀释后） | $0.07 | $2.87 |
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KSSUNP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $3.6B | $6.1B | ||
| Q3 25 | $3.5B | $6.2B | ||
| Q2 25 | $3.2B | $6.2B | ||
| Q1 25 | $5.4B | $6.0B | ||
| Q4 24 | $3.7B | $6.1B | ||
| Q3 24 | $3.7B | $6.1B | ||
| Q2 24 | $3.4B | $6.0B |
净利润KSSUNP
| Q1 26 | — | $1.7B | ||
| Q4 25 | $8.0M | $1.8B | ||
| Q3 25 | $153.0M | $1.8B | ||
| Q2 25 | $-15.0M | $1.9B | ||
| Q1 25 | $48.0M | $1.6B | ||
| Q4 24 | $22.0M | $1.8B | ||
| Q3 24 | $66.0M | $1.7B | ||
| Q2 24 | $-27.0M | $1.7B |
毛利率KSSUNP
| Q1 26 | — | — | ||
| 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% | — |
营业利润率KSSUNP
| Q1 26 | — | 39.5% | ||
| Q4 25 | 2.0% | 39.5% | ||
| Q3 25 | 7.9% | 40.8% | ||
| Q2 25 | 1.9% | 41.0% | ||
| Q1 25 | 2.3% | 39.3% | ||
| Q4 24 | 2.6% | 41.3% | ||
| Q3 24 | 4.4% | 39.7% | ||
| Q2 24 | 1.3% | 40.0% |
净利率KSSUNP
| Q1 26 | — | 27.4% | ||
| Q4 25 | 0.2% | 30.4% | ||
| Q3 25 | 4.3% | 28.6% | ||
| Q2 25 | -0.5% | 30.5% | ||
| Q1 25 | 0.9% | 27.0% | ||
| Q4 24 | 0.6% | 28.8% | ||
| Q3 24 | 1.8% | 27.4% | ||
| Q2 24 | -0.8% | 27.9% |
每股收益（稀释后）KSSUNP
| Q1 26 | — | $2.87 | ||
| Q4 25 | $0.07 | $3.12 | ||
| Q3 25 | $1.35 | $3.01 | ||
| Q2 25 | $-0.13 | $3.15 | ||
| Q1 25 | $0.43 | $2.70 | ||
| Q4 24 | $0.20 | $2.91 | ||
| Q3 24 | $0.59 | $2.75 | ||
| Q2 24 | $-0.24 | $2.74 |
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 | $735.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.9B | — |
| 总资产 | $14.1B | $69.6B |
| 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KSSUNP
| Q1 26 | — | $735.0M | ||
| Q4 25 | $144.0M | $1.3B | ||
| Q3 25 | $174.0M | $808.0M | ||
| Q2 25 | $153.0M | $1.1B | ||
| Q1 25 | $134.0M | $1.4B | ||
| Q4 24 | $174.0M | $1.0B | ||
| Q3 24 | $231.0M | $947.0M | ||
| Q2 24 | $228.0M | $1.1B |
总债务KSSUNP
| Q1 26 | — | — | ||
| Q4 25 | — | $30.3B | ||
| Q3 25 | — | $30.3B | ||
| Q2 25 | — | $30.3B | ||
| Q1 25 | — | $30.6B | ||
| Q4 24 | — | $29.8B | ||
| Q3 24 | — | $29.8B | ||
| Q2 24 | — | $31.2B |
股东权益KSSUNP
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | $18.5B | ||
| Q3 25 | $3.9B | $17.3B | ||
| Q2 25 | $3.8B | $16.3B | ||
| Q1 25 | $3.8B | $16.0B | ||
| Q4 24 | $3.8B | $16.9B | ||
| Q3 24 | $3.8B | $16.6B | ||
| Q2 24 | $3.8B | $16.5B |
总资产KSSUNP
| Q1 26 | — | $69.6B | ||
| Q4 25 | $14.1B | $69.7B | ||
| Q3 25 | $13.4B | $68.6B | ||
| Q2 25 | $13.6B | $68.6B | ||
| Q1 25 | $13.6B | $68.5B | ||
| Q4 24 | $15.1B | $67.7B | ||
| Q3 24 | $14.2B | $67.6B | ||
| Q2 24 | $14.3B | $67.8B |
负债/权益比KSSUNP
| Q1 26 | — | — | ||
| Q4 25 | — | 1.64× | ||
| Q3 25 | — | 1.75× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.91× | ||
| Q4 24 | — | 1.76× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.89× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $631.0M |
| 自由现金流率自由现金流/营收 | 0.4% | 10.1% |
| 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× | — |
| 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KSSUNP
| Q1 26 | — | — | ||
| Q4 25 | $124.0M | $2.2B | ||
| Q3 25 | $598.0M | $2.5B | ||
| Q2 25 | $-92.0M | $2.3B | ||
| Q1 25 | $596.0M | $2.2B | ||
| Q4 24 | $-195.0M | $2.7B | ||
| Q3 24 | $254.0M | $2.7B | ||
| Q2 24 | $-7.0M | $1.9B |
自由现金流KSSUNP
| Q1 26 | — | $631.0M | ||
| Q4 25 | $16.0M | $1.2B | ||
| Q3 25 | $508.0M | $1.6B | ||
| Q2 25 | $-202.0M | $1.4B | ||
| Q1 25 | $497.0M | $1.3B | ||
| Q4 24 | $-323.0M | $1.7B | ||
| Q3 24 | $141.0M | $1.8B | ||
| Q2 24 | $-133.0M | $1.0B |
自由现金流率KSSUNP
| Q1 26 | — | 10.1% | ||
| Q4 25 | 0.4% | 20.1% | ||
| Q3 25 | 14.3% | 25.2% | ||
| Q2 25 | -6.2% | 22.7% | ||
| Q1 25 | 9.2% | 21.6% | ||
| Q4 24 | -8.7% | 28.4% | ||
| Q3 24 | 3.8% | 29.9% | ||
| Q2 24 | -3.9% | 16.8% |
资本支出强度KSSUNP
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 16.4% | ||
| Q3 25 | 2.5% | 15.2% | ||
| Q2 25 | 3.4% | 15.2% | ||
| Q1 25 | 1.8% | 15.0% | ||
| Q4 24 | 3.5% | 15.1% | ||
| Q3 24 | 3.0% | 13.6% | ||
| Q2 24 | 3.7% | 15.0% |
现金转化率KSSUNP
| Q1 26 | — | — | ||
| Q4 25 | 15.50× | 1.20× | ||
| Q3 25 | 3.91× | 1.41× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | 12.42× | 1.36× | ||
| Q4 24 | -8.86× | 1.51× | ||
| Q3 24 | 3.85× | 1.59× | ||
| Q2 24 | — | 1.14× |
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% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
