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KOHLS Corp（KSS）与Wayfair Inc.（W）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Wayfair Inc.的1.1倍（$3.6B vs $3.3B），KOHLS Corp净利率更高（0.2% vs -3.5%，领先3.7%），Wayfair Inc.同比增速更快（6.9% vs -3.6%），Wayfair Inc.自由现金流更多（$177.0M vs $16.0M），过去两年Wayfair Inc.的营收复合增速更高（10.6% 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。
Wayfair Inc.是总部位于美国马萨诸塞州波士顿的电商企业，2002年成立，前身为CSN Stores，专注于家具及家居用品线上销售。目前平台提供来自全球11000余家供应商的1400万款商品，业务遍及北美、加拿大、德国、爱尔兰、中国、英国等国家和地区。
KSS vs W — 直观对比
营收规模更大
KSS
是对方的1.1倍
$3.3B
营收增速更快
W
高出10.6%
-3.6%
净利率更高
KSS
高出3.7%
-3.5%
自由现金流更多
W
多$161.0M
$16.0M
两年增速更快
W
近两年复合增速
-22.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $3.3B |
| 净利润 | $8.0M | $-116.0M |
| 毛利率 | 42.4% | 30.3% |
| 营业利润率 | 2.0% | 2.5% |
| 净利率 | 0.2% | -3.5% |
| 营收同比 | -3.6% | 6.9% |
| 净利润同比 | -63.6% | 9.4% |
| 每股收益（稀释后） | $0.07 | $-0.90 |
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KSSW
| Q4 25 | $3.6B | $3.3B | ||
| Q3 25 | $3.5B | $3.1B | ||
| Q2 25 | $3.2B | $3.3B | ||
| Q1 25 | $5.4B | $2.7B | ||
| Q4 24 | $3.7B | $3.1B | ||
| Q3 24 | $3.7B | $2.9B | ||
| Q2 24 | $3.4B | $3.1B | ||
| Q1 24 | $6.0B | $2.7B |
净利润KSSW
| Q4 25 | $8.0M | $-116.0M | ||
| Q3 25 | $153.0M | $-99.0M | ||
| Q2 25 | $-15.0M | $15.0M | ||
| Q1 25 | $48.0M | $-113.0M | ||
| Q4 24 | $22.0M | $-128.0M | ||
| Q3 24 | $66.0M | $-74.0M | ||
| Q2 24 | $-27.0M | $-42.0M | ||
| Q1 24 | $186.0M | $-248.0M |
毛利率KSSW
| Q4 25 | 42.4% | 30.3% | ||
| Q3 25 | 43.3% | 30.0% | ||
| Q2 25 | 43.3% | 30.1% | ||
| Q1 25 | 35.6% | 30.7% | ||
| Q4 24 | 42.4% | 30.2% | ||
| Q3 24 | 43.0% | 30.3% | ||
| Q2 24 | 43.1% | 30.2% | ||
| Q1 24 | 35.2% | 30.0% |
营业利润率KSSW
| Q4 25 | 2.0% | 2.5% | ||
| Q3 25 | 7.9% | 1.2% | ||
| Q2 25 | 1.9% | 0.5% | ||
| Q1 25 | 2.3% | -4.5% | ||
| Q4 24 | 2.6% | -3.7% | ||
| Q3 24 | 4.4% | -2.6% | ||
| Q2 24 | 1.3% | -1.1% | ||
| Q1 24 | 5.0% | -8.6% |
净利率KSSW
| Q4 25 | 0.2% | -3.5% | ||
| Q3 25 | 4.3% | -3.2% | ||
| Q2 25 | -0.5% | 0.5% | ||
| Q1 25 | 0.9% | -4.1% | ||
| Q4 24 | 0.6% | -4.1% | ||
| Q3 24 | 1.8% | -2.6% | ||
| Q2 24 | -0.8% | -1.3% | ||
| Q1 24 | 3.1% | -9.1% |
每股收益（稀释后）KSSW
| Q4 25 | $0.07 | $-0.90 | ||
| Q3 25 | $1.35 | $-0.76 | ||
| Q2 25 | $-0.13 | $0.11 | ||
| Q1 25 | $0.43 | $-0.89 | ||
| Q4 24 | $0.20 | $-1.01 | ||
| Q3 24 | $0.59 | $-0.60 | ||
| Q2 24 | $-0.24 | $-0.34 | ||
| Q1 24 | $1.67 | $-2.06 |
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 | $1.5B |
| 总债务越低越好 | — | $3.3B |
| 股东权益账面价值 | $3.9B | $-2.8B |
| 总资产 | $14.1B | $3.4B |
| 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KSSW
| Q4 25 | $144.0M | $1.5B | ||
| Q3 25 | $174.0M | $1.2B | ||
| Q2 25 | $153.0M | $1.4B | ||
| Q1 25 | $134.0M | $1.4B | ||
| Q4 24 | $174.0M | $1.4B | ||
| Q3 24 | $231.0M | $1.3B | ||
| Q2 24 | $228.0M | $1.3B | ||
| Q1 24 | $183.0M | $1.2B |
总债务KSSW
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
股东权益KSSW
| Q4 25 | $3.9B | $-2.8B | ||
| Q3 25 | $3.9B | $-2.8B | ||
| Q2 25 | $3.8B | $-2.7B | ||
| Q1 25 | $3.8B | $-2.8B | ||
| Q4 24 | $3.8B | $-2.8B | ||
| Q3 24 | $3.8B | $-2.7B | ||
| Q2 24 | $3.8B | $-2.8B | ||
| Q1 24 | $3.9B | $-2.8B |
总资产KSSW
| Q4 25 | $14.1B | $3.4B | ||
| Q3 25 | $13.4B | $3.1B | ||
| Q2 25 | $13.6B | $3.3B | ||
| Q1 25 | $13.6B | $3.4B | ||
| Q4 24 | $15.1B | $3.5B | ||
| Q3 24 | $14.2B | $3.4B | ||
| Q2 24 | $14.3B | $3.4B | ||
| Q1 24 | $14.0B | $3.2B |
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 | $202.0M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $177.0M |
| 自由现金流率自由现金流/营收 | 0.4% | 5.3% |
| 资本支出强度资本支出/营收 | 3.0% | 0.7% |
| 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 | $464.0M |
8季度趋势，按日历期对齐
经营现金流KSSW
| Q4 25 | $124.0M | $202.0M | ||
| Q3 25 | $598.0M | $155.0M | ||
| Q2 25 | $-92.0M | $273.0M | ||
| Q1 25 | $596.0M | $-96.0M | ||
| Q4 24 | $-195.0M | $162.0M | ||
| Q3 24 | $254.0M | $49.0M | ||
| Q2 24 | $-7.0M | $245.0M | ||
| Q1 24 | $789.0M | $-139.0M |
自由现金流KSSW
| Q4 25 | $16.0M | $177.0M | ||
| Q3 25 | $508.0M | $128.0M | ||
| Q2 25 | $-202.0M | $260.0M | ||
| Q1 25 | $497.0M | $-101.0M | ||
| Q4 24 | $-323.0M | $142.0M | ||
| Q3 24 | $141.0M | $32.0M | ||
| Q2 24 | $-133.0M | $222.0M | ||
| Q1 24 | $707.0M | $-152.0M |
自由现金流率KSSW
| Q4 25 | 0.4% | 5.3% | ||
| Q3 25 | 14.3% | 4.1% | ||
| Q2 25 | -6.2% | 7.9% | ||
| Q1 25 | 9.2% | -3.7% | ||
| Q4 24 | -8.7% | 4.5% | ||
| Q3 24 | 3.8% | 1.1% | ||
| Q2 24 | -3.9% | 7.1% | ||
| Q1 24 | 11.9% | -5.6% |
资本支出强度KSSW
| Q4 25 | 3.0% | 0.7% | ||
| Q3 25 | 2.5% | 0.9% | ||
| Q2 25 | 3.4% | 0.4% | ||
| Q1 25 | 1.8% | 0.2% | ||
| Q4 24 | 3.5% | 0.6% | ||
| Q3 24 | 3.0% | 0.6% | ||
| Q2 24 | 3.7% | 0.7% | ||
| Q1 24 | 1.4% | 0.5% |
现金转化率KSSW
| Q4 25 | 15.50× | — | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | — | 18.20× | ||
| Q1 25 | 12.42× | — | ||
| Q4 24 | -8.86× | — | ||
| Q3 24 | 3.85× | — | ||
| Q2 24 | — | — | ||
| 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% |
W
| US Segment | $2.9B | 88% |
| International Segment | $395.0M | 12% |
