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Kenvue（KVUE）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Kenvue的季度营收约是Masco的2.0倍（$3.8B vs $1.9B），Masco净利率更高（11.9% vs 8.7%，领先3.2%），Masco同比增速更快（6.5% vs 3.2%），过去两年Kenvue的营收复合增速更高（-1.5% vs -4.2%）
Kenvue是美国消费者健康企业，前身为强生集团消费者健康业务部门，旗下拥有邦迪、李施德林、露得清、泰诺、强生婴儿、仙特明等诸多知名消费健康品牌，总部现位于美国新泽西州萨米特。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
KVUE vs MAS — 直观对比
营收规模更大
KVUE
是对方的2.0倍
$1.9B
营收增速更快
MAS
高出3.3%
3.2%
净利率更高
MAS
高出3.2%
8.7%
两年增速更快
KVUE
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $1.9B |
| 净利润 | $330.0M | $228.0M |
| 毛利率 | 56.5% | 35.8% |
| 营业利润率 | 14.2% | 16.5% |
| 净利率 | 8.7% | 11.9% |
| 营收同比 | 3.2% | 6.5% |
| 净利润同比 | 12.6% | 14.5% |
| 每股收益（稀释后） | $0.16 | — |
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KVUEMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $3.8B | $1.8B | ||
| Q3 25 | $3.8B | $1.9B | ||
| Q2 25 | $3.8B | $2.1B | ||
| Q1 25 | $3.7B | $1.8B | ||
| Q4 24 | $3.7B | $1.8B | ||
| Q3 24 | $3.9B | $2.0B | ||
| Q2 24 | $4.0B | $2.1B |
净利润KVUEMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $330.0M | $165.0M | ||
| Q3 25 | $398.0M | $189.0M | ||
| Q2 25 | $420.0M | $270.0M | ||
| Q1 25 | $322.0M | $186.0M | ||
| Q4 24 | $293.0M | $182.0M | ||
| Q3 24 | $383.0M | $167.0M | ||
| Q2 24 | $58.0M | $258.0M |
毛利率KVUEMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | 56.5% | 33.9% | ||
| Q3 25 | 59.1% | 34.2% | ||
| Q2 25 | 58.9% | 37.6% | ||
| Q1 25 | 58.0% | 35.8% | ||
| Q4 24 | 56.5% | 34.8% | ||
| Q3 24 | 58.5% | 36.6% | ||
| Q2 24 | 59.1% | 37.5% |
营业利润率KVUEMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | 14.2% | 13.8% | ||
| Q3 25 | 16.7% | 15.8% | ||
| Q2 25 | 18.0% | 20.1% | ||
| Q1 25 | 14.9% | 15.9% | ||
| Q4 24 | 13.2% | 15.9% | ||
| Q3 24 | 16.8% | 18.0% | ||
| Q2 24 | 3.9% | 19.0% |
净利率KVUEMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | 8.7% | 9.2% | ||
| Q3 25 | 10.6% | 9.9% | ||
| Q2 25 | 10.9% | 13.2% | ||
| Q1 25 | 8.6% | 10.3% | ||
| Q4 24 | 8.0% | 10.0% | ||
| Q3 24 | 9.8% | 8.4% | ||
| Q2 24 | 1.5% | 12.3% |
每股收益（稀释后）KVUEMAS
| Q1 26 | — | — | ||
| Q4 25 | $0.16 | $0.81 | ||
| Q3 25 | $0.21 | $0.90 | ||
| Q2 25 | $0.22 | $1.28 | ||
| Q1 25 | $0.17 | $0.87 | ||
| Q4 24 | $0.16 | $0.85 | ||
| Q3 24 | $0.20 | $0.77 | ||
| Q2 24 | $0.03 | $1.17 |
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 | $1.1B | — |
| 总债务越低越好 | — | $2.9B |
| 股东权益账面价值 | $10.8B | $27.0M |
| 总资产 | $27.1B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资KVUEMAS
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $647.0M | ||
| Q3 25 | $1.1B | $559.0M | ||
| Q2 25 | $1.1B | $390.0M | ||
| Q1 25 | $1.1B | $377.0M | ||
| Q4 24 | $1.1B | $634.0M | ||
| Q3 24 | $1.1B | $646.0M | ||
| Q2 24 | $1.0B | $398.0M |
总债务KVUEMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益KVUEMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | $10.8B | $-185.0M | ||
| Q3 25 | $10.6B | $-78.0M | ||
| Q2 25 | $10.7B | $-84.0M | ||
| Q1 25 | $10.1B | $-254.0M | ||
| Q4 24 | $9.7B | $-279.0M | ||
| Q3 24 | $10.6B | $-88.0M | ||
| Q2 24 | $10.2B | $-26.0M |
总资产KVUEMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $27.1B | $5.2B | ||
| Q3 25 | $27.2B | $5.3B | ||
| Q2 25 | $27.1B | $5.3B | ||
| Q1 25 | $26.3B | $5.1B | ||
| Q4 24 | $25.6B | $5.0B | ||
| Q3 24 | $26.9B | $5.3B | ||
| Q2 24 | $26.4B | $5.4B |
负债/权益比KVUEMAS
| Q1 26 | — | 109.07× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $854.0M | — |
| 自由现金流经营现金流 - 资本支出 | $744.0M | — |
| 自由现金流率自由现金流/营收 | 19.7% | — |
| 资本支出强度资本支出/营收 | 2.9% | 1.8% |
| 现金转化率经营现金流/净利润 | 2.59× | — |
| 过去12个月自由现金流最近4个季度 | $1.7B | — |
8季度趋势，按日历期对齐
经营现金流KVUEMAS
| Q1 26 | — | — | ||
| Q4 25 | $854.0M | $418.0M | ||
| Q3 25 | $294.0M | $456.0M | ||
| Q2 25 | $621.0M | $306.0M | ||
| Q1 25 | $428.0M | $-158.0M | ||
| Q4 24 | $793.0M | $407.0M | ||
| Q3 24 | $249.0M | $416.0M | ||
| Q2 24 | $440.0M | $346.0M |
自由现金流KVUEMAS
| Q1 26 | — | — | ||
| Q4 25 | $744.0M | $371.0M | ||
| Q3 25 | $196.0M | $415.0M | ||
| Q2 25 | $533.0M | $270.0M | ||
| Q1 25 | $249.0M | $-190.0M | ||
| Q4 24 | $661.0M | $351.0M | ||
| Q3 24 | $190.0M | $378.0M | ||
| Q2 24 | $350.0M | $303.0M |
自由现金流率KVUEMAS
| Q1 26 | — | — | ||
| Q4 25 | 19.7% | 20.7% | ||
| Q3 25 | 5.2% | 21.6% | ||
| Q2 25 | 13.9% | 13.2% | ||
| Q1 25 | 6.7% | -10.5% | ||
| Q4 24 | 18.1% | 19.2% | ||
| Q3 24 | 4.9% | 19.1% | ||
| Q2 24 | 8.8% | 14.5% |
资本支出强度KVUEMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | 2.9% | 2.6% | ||
| Q3 25 | 2.6% | 2.1% | ||
| Q2 25 | 2.3% | 1.8% | ||
| Q1 25 | 4.8% | 1.8% | ||
| Q4 24 | 3.6% | 3.1% | ||
| Q3 24 | 1.5% | 1.9% | ||
| Q2 24 | 2.3% | 2.1% |
现金转化率KVUEMAS
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | 2.53× | ||
| Q3 25 | 0.74× | 2.41× | ||
| Q2 25 | 1.48× | 1.13× | ||
| Q1 25 | 1.33× | -0.85× | ||
| Q4 24 | 2.71× | 2.24× | ||
| Q3 24 | 0.65× | 2.49× | ||
| Q2 24 | 7.59× | 1.34× |
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
KVUE
| Self Care | $1.6B | 42% |
| Essential Health | $1.1B | 30% |
| Skin Health And Beauty | $1.0B | 28% |
MAS
暂无分部数据
