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KOHLS Corp（KSS）与Vistra Corp.（VST）财务数据对比。点击上方公司名可切换其他公司
Vistra Corp.的季度营收约是KOHLS Corp的1.3倍（$4.8B vs $3.6B），Vistra Corp.净利率更高（4.8% vs 0.2%，领先4.6%），Vistra Corp.同比增速更快（31.2% vs -3.6%），Vistra Corp.自由现金流更多（$596.0M vs $16.0M），过去两年Vistra Corp.的营收复合增速更高（23.3% 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。
股票代码为VST的Vistra Corp是总部位于美国得克萨斯州的能源企业，主营电力生产、可再生能源开发及能源零售等业务。此外“Vistra”也可指一家总部位于中国香港的企业服务提供商，为全球客户提供公司注册、合规管理等专业服务。
KSS vs VST — 直观对比
营收规模更大
VST
是对方的1.3倍
$3.6B
营收增速更快
VST
高出34.9%
-3.6%
净利率更高
VST
高出4.6%
0.2%
自由现金流更多
VST
多$580.0M
$16.0M
两年增速更快
VST
近两年复合增速
-22.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $4.8B |
| 净利润 | $8.0M | $233.0M |
| 毛利率 | 42.4% | — |
| 营业利润率 | 2.0% | 9.9% |
| 净利率 | 0.2% | 4.8% |
| 营收同比 | -3.6% | 31.2% |
| 净利润同比 | -63.6% | -47.2% |
| 每股收益（稀释后） | $0.07 | $0.55 |
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KSSVST
| Q4 25 | $3.6B | $4.8B | ||
| Q3 25 | $3.5B | $4.8B | ||
| Q2 25 | $3.2B | $3.8B | ||
| Q1 25 | $5.4B | $4.3B | ||
| Q4 24 | $3.7B | $3.7B | ||
| Q3 24 | $3.7B | $4.3B | ||
| Q2 24 | $3.4B | $3.6B | ||
| Q1 24 | $6.0B | $3.2B |
净利润KSSVST
| Q4 25 | $8.0M | $233.0M | ||
| Q3 25 | $153.0M | $652.0M | ||
| Q2 25 | $-15.0M | $327.0M | ||
| Q1 25 | $48.0M | $-268.0M | ||
| Q4 24 | $22.0M | $441.0M | ||
| Q3 24 | $66.0M | $1.9B | ||
| Q2 24 | $-27.0M | $365.0M | ||
| Q1 24 | $186.0M | $-35.0M |
毛利率KSSVST
| 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% | — | ||
| Q1 24 | 35.2% | — |
营业利润率KSSVST
| Q4 25 | 2.0% | 9.9% | ||
| Q3 25 | 7.9% | 21.7% | ||
| Q2 25 | 1.9% | 13.7% | ||
| Q1 25 | 2.3% | -2.8% | ||
| Q4 24 | 2.6% | 16.4% | ||
| Q3 24 | 4.4% | 59.6% | ||
| Q2 24 | 1.3% | 22.5% | ||
| Q1 24 | 5.0% | 2.7% |
净利率KSSVST
| Q4 25 | 0.2% | 4.8% | ||
| Q3 25 | 4.3% | 13.6% | ||
| Q2 25 | -0.5% | 8.7% | ||
| Q1 25 | 0.9% | -6.3% | ||
| Q4 24 | 0.6% | 12.0% | ||
| Q3 24 | 1.8% | 43.5% | ||
| Q2 24 | -0.8% | 10.1% | ||
| Q1 24 | 3.1% | -1.1% |
每股收益（稀释后）KSSVST
| Q4 25 | $0.07 | $0.55 | ||
| Q3 25 | $1.35 | $1.75 | ||
| Q2 25 | $-0.13 | $0.81 | ||
| Q1 25 | $0.43 | $-0.93 | ||
| Q4 24 | $0.20 | $1.09 | ||
| Q3 24 | $0.59 | $5.25 | ||
| Q2 24 | $-0.24 | $0.90 | ||
| Q1 24 | $1.67 | $-0.24 |
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 | $785.0M |
| 总债务越低越好 | — | $15.8B |
| 股东权益账面价值 | $3.9B | $5.1B |
| 总资产 | $14.1B | $41.5B |
| 负债/权益比越低杠杆越低 | — | 3.11× |
8季度趋势，按日历期对齐
现金及短期投资KSSVST
| Q4 25 | $144.0M | $785.0M | ||
| Q3 25 | $174.0M | $602.0M | ||
| Q2 25 | $153.0M | $458.0M | ||
| Q1 25 | $134.0M | $561.0M | ||
| Q4 24 | $174.0M | $1.2B | ||
| Q3 24 | $231.0M | $905.0M | ||
| Q2 24 | $228.0M | $1.6B | ||
| Q1 24 | $183.0M | $1.1B |
总债务KSSVST
| Q4 25 | — | $15.8B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | — | $15.5B | ||
| Q1 25 | — | $15.4B | ||
| Q4 24 | — | $15.4B | ||
| Q3 24 | — | $13.9B | ||
| Q2 24 | — | $13.9B | ||
| Q1 24 | — | $14.7B |
股东权益KSSVST
| Q4 25 | $3.9B | $5.1B | ||
| Q3 25 | $3.9B | $5.2B | ||
| Q2 25 | $3.8B | $4.8B | ||
| Q1 25 | $3.8B | $4.8B | ||
| Q4 24 | $3.8B | $5.6B | ||
| Q3 24 | $3.8B | $5.4B | ||
| Q2 24 | $3.8B | $5.6B | ||
| Q1 24 | $3.9B | $5.7B |
总资产KSSVST
| Q4 25 | $14.1B | $41.5B | ||
| Q3 25 | $13.4B | $38.0B | ||
| Q2 25 | $13.6B | $38.1B | ||
| Q1 25 | $13.6B | $38.2B | ||
| Q4 24 | $15.1B | $37.8B | ||
| Q3 24 | $14.2B | $37.9B | ||
| Q2 24 | $14.3B | $39.1B | ||
| Q1 24 | $14.0B | $38.2B |
负债/权益比KSSVST
| Q4 25 | — | 3.11× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.20× | ||
| Q4 24 | — | 2.77× | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | — | 2.49× | ||
| Q1 24 | — | 2.60× |
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 | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $596.0M |
| 自由现金流率自由现金流/营收 | 0.4% | 12.4% |
| 资本支出强度资本支出/营收 | 3.0% | 17.4% |
| 现金转化率经营现金流/净利润 | 15.50× | 6.15× |
| 过去12个月自由现金流最近4个季度 | $819.0M | $1.3B |
8季度趋势，按日历期对齐
经营现金流KSSVST
| Q4 25 | $124.0M | $1.4B | ||
| Q3 25 | $598.0M | $1.5B | ||
| Q2 25 | $-92.0M | $572.0M | ||
| Q1 25 | $596.0M | $599.0M | ||
| Q4 24 | $-195.0M | $1.4B | ||
| Q3 24 | $254.0M | $1.7B | ||
| Q2 24 | $-7.0M | $1.2B | ||
| Q1 24 | $789.0M | $312.0M |
自由现金流KSSVST
| Q4 25 | $16.0M | $596.0M | ||
| Q3 25 | $508.0M | $1.0B | ||
| Q2 25 | $-202.0M | $-118.0M | ||
| Q1 25 | $497.0M | $-169.0M | ||
| Q4 24 | $-323.0M | $923.0M | ||
| Q3 24 | $141.0M | $1.0B | ||
| Q2 24 | $-133.0M | $698.0M | ||
| Q1 24 | $707.0M | $-153.0M |
自由现金流率KSSVST
| Q4 25 | 0.4% | 12.4% | ||
| Q3 25 | 14.3% | 21.1% | ||
| Q2 25 | -6.2% | -3.1% | ||
| Q1 25 | 9.2% | -4.0% | ||
| Q4 24 | -8.7% | 25.2% | ||
| Q3 24 | 3.8% | 23.4% | ||
| Q2 24 | -3.9% | 19.4% | ||
| Q1 24 | 11.9% | -4.8% |
资本支出强度KSSVST
| Q4 25 | 3.0% | 17.4% | ||
| Q3 25 | 2.5% | 9.6% | ||
| Q2 25 | 3.4% | 18.4% | ||
| Q1 25 | 1.8% | 18.1% | ||
| Q4 24 | 3.5% | 11.7% | ||
| Q3 24 | 3.0% | 15.8% | ||
| Q2 24 | 3.7% | 13.8% | ||
| Q1 24 | 1.4% | 14.7% |
现金转化率KSSVST
| Q4 25 | 15.50× | 6.15× | ||
| Q3 25 | 3.91× | 2.25× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | 12.42× | — | ||
| Q4 24 | -8.86× | 3.07× | ||
| Q3 24 | 3.85× | 0.90× | ||
| Q2 24 | — | 3.28× | ||
| Q1 24 | 4.24× | — |
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% |
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
