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KOHLS Corp（KSS）与Welltower（WELL）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Welltower的1.3倍（$3.6B vs $2.8B），Welltower净利率更高（51.6% vs 0.2%，领先51.4%），Welltower同比增速更快（180.6% vs -3.6%），过去两年Welltower的营收复合增速更高（42.4% 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。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
KSS vs WELL — 直观对比
营收规模更大
KSS
是对方的1.3倍
$2.8B
营收增速更快
WELL
高出184.2%
-3.6%
净利率更高
WELL
高出51.4%
0.2%
两年增速更快
WELL
近两年复合增速
-22.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $2.8B |
| 净利润 | $8.0M | $1.5B |
| 毛利率 | 42.4% | — |
| 营业利润率 | 2.0% | — |
| 净利率 | 0.2% | 51.6% |
| 营收同比 | -3.6% | 180.6% |
| 净利润同比 | -63.6% | 93.7% |
| 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KSSWELL
| Q1 26 | — | $2.8B | ||
| Q4 25 | $3.6B | $2.6B | ||
| Q3 25 | $3.5B | $2.1B | ||
| Q2 25 | $3.2B | $2.0B | ||
| Q1 25 | $5.4B | $1.9B | ||
| Q4 24 | $3.7B | $1.8B | ||
| Q3 24 | $3.7B | $1.5B | ||
| Q2 24 | $3.4B | $1.4B |
净利润KSSWELL
| Q1 26 | — | $1.5B | ||
| Q4 25 | $8.0M | $117.8M | ||
| Q3 25 | $153.0M | $282.2M | ||
| Q2 25 | $-15.0M | $304.6M | ||
| Q1 25 | $48.0M | $257.3M | ||
| Q4 24 | $22.0M | $123.8M | ||
| Q3 24 | $66.0M | $456.8M | ||
| Q2 24 | $-27.0M | $260.7M |
毛利率KSSWELL
| Q1 26 | — | — | ||
| Q4 25 | 42.4% | 24.3% | ||
| Q3 25 | 43.3% | 23.5% | ||
| Q2 25 | 43.3% | 23.2% | ||
| Q1 25 | 35.6% | 21.6% | ||
| Q4 24 | 42.4% | 20.0% | ||
| Q3 24 | 43.0% | 19.8% | ||
| Q2 24 | 43.1% | 20.2% |
营业利润率KSSWELL
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 7.9% | 14.2% | ||
| Q2 25 | 1.9% | 15.1% | ||
| Q1 25 | 2.3% | 10.7% | ||
| Q4 24 | 2.6% | 6.2% | ||
| Q3 24 | 4.4% | 12.2% | ||
| Q2 24 | 1.3% | 6.5% |
净利率KSSWELL
| Q1 26 | — | 51.6% | ||
| Q4 25 | 0.2% | 4.6% | ||
| Q3 25 | 4.3% | 13.7% | ||
| Q2 25 | -0.5% | 15.5% | ||
| Q1 25 | 0.9% | 13.8% | ||
| Q4 24 | 0.6% | 7.0% | ||
| Q3 24 | 1.8% | 30.2% | ||
| Q2 24 | -0.8% | 18.7% |
每股收益（稀释后）KSSWELL
| Q1 26 | — | — | ||
| Q4 25 | $0.07 | $0.13 | ||
| Q3 25 | $1.35 | $0.41 | ||
| Q2 25 | $-0.13 | $0.45 | ||
| Q1 25 | $0.43 | $0.40 | ||
| Q4 24 | $0.20 | $0.20 | ||
| Q3 24 | $0.59 | $0.73 | ||
| Q2 24 | $-0.24 | $0.42 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.9B | — |
| 总资产 | $14.1B | — |
| 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KSSWELL
| Q1 26 | — | — | ||
| Q4 25 | $144.0M | $5.0B | ||
| Q3 25 | $174.0M | $6.8B | ||
| Q2 25 | $153.0M | $4.4B | ||
| Q1 25 | $134.0M | $3.5B | ||
| Q4 24 | $174.0M | $3.5B | ||
| Q3 24 | $231.0M | $3.6B | ||
| Q2 24 | $228.0M | $2.8B |
总债务KSSWELL
| Q1 26 | — | — | ||
| Q4 25 | — | $19.2B | ||
| Q3 25 | — | $16.9B | ||
| Q2 25 | — | $16.0B | ||
| Q1 25 | — | $15.7B | ||
| Q4 24 | — | $15.5B | ||
| Q3 24 | — | $15.8B | ||
| Q2 24 | — | $13.9B |
股东权益KSSWELL
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | $42.1B | ||
| Q3 25 | $3.9B | $38.8B | ||
| Q2 25 | $3.8B | $35.9B | ||
| Q1 25 | $3.8B | $34.0B | ||
| Q4 24 | $3.8B | $32.0B | ||
| Q3 24 | $3.8B | $30.3B | ||
| Q2 24 | $3.8B | $29.0B |
总资产KSSWELL
| Q1 26 | — | — | ||
| Q4 25 | $14.1B | $67.3B | ||
| Q3 25 | $13.4B | $59.5B | ||
| Q2 25 | $13.6B | $55.8B | ||
| Q1 25 | $13.6B | $53.3B | ||
| Q4 24 | $15.1B | $51.0B | ||
| Q3 24 | $14.2B | $49.0B | ||
| Q2 24 | $14.3B | $45.5B |
负债/权益比KSSWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.48× |
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 | — |
| 自由现金流率自由现金流/营收 | 0.4% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流KSSWELL
| Q1 26 | — | — | ||
| Q4 25 | $124.0M | $654.3M | ||
| Q3 25 | $598.0M | $858.4M | ||
| Q2 25 | $-92.0M | $770.0M | ||
| Q1 25 | $596.0M | $599.0M | ||
| Q4 24 | $-195.0M | $559.2M | ||
| Q3 24 | $254.0M | $685.0M | ||
| Q2 24 | $-7.0M | $605.4M |
自由现金流KSSWELL
| Q1 26 | — | — | ||
| Q4 25 | $16.0M | $340.4M | ||
| Q3 25 | $508.0M | $595.3M | ||
| Q2 25 | $-202.0M | $537.2M | ||
| Q1 25 | $497.0M | $358.6M | ||
| Q4 24 | $-323.0M | $240.4M | ||
| Q3 24 | $141.0M | $443.8M | ||
| Q2 24 | $-133.0M | $440.3M |
自由现金流率KSSWELL
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 13.3% | ||
| Q3 25 | 14.3% | 28.9% | ||
| Q2 25 | -6.2% | 27.3% | ||
| Q1 25 | 9.2% | 19.2% | ||
| Q4 24 | -8.7% | 13.6% | ||
| Q3 24 | 3.8% | 29.4% | ||
| Q2 24 | -3.9% | 31.6% |
资本支出强度KSSWELL
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 12.3% | ||
| Q3 25 | 2.5% | 12.8% | ||
| Q2 25 | 3.4% | 11.8% | ||
| Q1 25 | 1.8% | 12.9% | ||
| Q4 24 | 3.5% | 18.1% | ||
| Q3 24 | 3.0% | 16.0% | ||
| Q2 24 | 3.7% | 11.8% |
现金转化率KSSWELL
| Q1 26 | — | — | ||
| Q4 25 | 15.50× | 5.56× | ||
| Q3 25 | 3.91× | 3.04× | ||
| Q2 25 | — | 2.53× | ||
| Q1 25 | 12.42× | 2.33× | ||
| Q4 24 | -8.86× | 4.52× | ||
| Q3 24 | 3.85× | 1.50× | ||
| Q2 24 | — | 2.32× |
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% |
WELL
| Resident fees and services | $1.9B | 67% |
| Other | $822.6M | 29% |
| Rental income | $103.4M | 4% |
