vs
Kenvue（KVUE）与RYDER SYSTEM INC（R）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RYDER SYSTEM INC的1.2倍（$3.8B vs $3.1B），Kenvue净利率更高（8.7% vs 3.0%，领先5.8%），Kenvue同比增速更快（3.2% vs 1.0%），Kenvue自由现金流更多（$744.0M vs $273.0M），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% vs -1.5%）
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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
KVUE vs R — 直观对比
营收规模更大
KVUE
是对方的1.2倍
$3.1B
营收增速更快
KVUE
高出2.2%
1.0%
净利率更高
KVUE
高出5.8%
3.0%
自由现金流更多
KVUE
多$471.0M
$273.0M
两年增速更快
R
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $3.1B |
| 净利润 | $330.0M | $93.0M |
| 毛利率 | 56.5% | — |
| 营业利润率 | 14.2% | — |
| 净利率 | 8.7% | 3.0% |
| 营收同比 | 3.2% | 1.0% |
| 净利润同比 | 12.6% | -5.1% |
| 每股收益（稀释后） | $0.16 | $2.34 |
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KVUER
| Q1 26 | — | $3.1B | ||
| Q4 25 | $3.8B | $3.2B | ||
| Q3 25 | $3.8B | $3.2B | ||
| Q2 25 | $3.8B | $3.2B | ||
| Q1 25 | $3.7B | $3.1B | ||
| Q4 24 | $3.7B | $3.2B | ||
| Q3 24 | $3.9B | $3.2B | ||
| Q2 24 | $4.0B | $3.2B |
净利润KVUER
| Q1 26 | — | $93.0M | ||
| Q4 25 | $330.0M | $132.0M | ||
| Q3 25 | $398.0M | $138.0M | ||
| Q2 25 | $420.0M | $131.0M | ||
| Q1 25 | $322.0M | $98.0M | ||
| Q4 24 | $293.0M | $135.0M | ||
| Q3 24 | $383.0M | $142.0M | ||
| Q2 24 | $58.0M | $127.0M |
毛利率KVUER
| Q1 26 | — | — | ||
| Q4 25 | 56.5% | — | ||
| Q3 25 | 59.1% | — | ||
| Q2 25 | 58.9% | — | ||
| Q1 25 | 58.0% | — | ||
| Q4 24 | 56.5% | — | ||
| Q3 24 | 58.5% | — | ||
| Q2 24 | 59.1% | — |
营业利润率KVUER
| Q1 26 | — | — | ||
| Q4 25 | 14.2% | 5.6% | ||
| Q3 25 | 16.7% | 6.0% | ||
| Q2 25 | 18.0% | 5.8% | ||
| Q1 25 | 14.9% | 4.3% | ||
| Q4 24 | 13.2% | 5.7% | ||
| Q3 24 | 16.8% | 5.9% | ||
| Q2 24 | 3.9% | 5.6% |
净利率KVUER
| Q1 26 | — | 3.0% | ||
| Q4 25 | 8.7% | 4.2% | ||
| Q3 25 | 10.6% | 4.4% | ||
| Q2 25 | 10.9% | 4.1% | ||
| Q1 25 | 8.6% | 3.1% | ||
| Q4 24 | 8.0% | 4.2% | ||
| Q3 24 | 9.8% | 4.5% | ||
| Q2 24 | 1.5% | 4.0% |
每股收益（稀释后）KVUER
| Q1 26 | — | $2.34 | ||
| Q4 25 | $0.16 | $3.22 | ||
| Q3 25 | $0.21 | $3.32 | ||
| Q2 25 | $0.22 | $3.13 | ||
| Q1 25 | $0.17 | $2.27 | ||
| Q4 24 | $0.16 | $3.09 | ||
| Q3 24 | $0.20 | $3.24 | ||
| Q2 24 | $0.03 | $2.84 |
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 | $182.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.8B | $2.9B |
| 总资产 | $27.1B | — |
| 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KVUER
| Q1 26 | — | $182.0M | ||
| Q4 25 | $1.1B | $198.0M | ||
| Q3 25 | $1.1B | $189.0M | ||
| Q2 25 | $1.1B | $180.0M | ||
| Q1 25 | $1.1B | $151.0M | ||
| Q4 24 | $1.1B | $154.0M | ||
| Q3 24 | $1.1B | $162.0M | ||
| Q2 24 | $1.0B | $164.0M |
总债务KVUER
| Q1 26 | — | — | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益KVUER
| Q1 26 | — | $2.9B | ||
| Q4 25 | $10.8B | $3.1B | ||
| Q3 25 | $10.6B | $3.1B | ||
| Q2 25 | $10.7B | $3.1B | ||
| Q1 25 | $10.1B | $3.0B | ||
| Q4 24 | $9.7B | $3.1B | ||
| Q3 24 | $10.6B | $3.1B | ||
| Q2 24 | $10.2B | $3.1B |
总资产KVUER
| Q1 26 | — | — | ||
| Q4 25 | $27.1B | $16.4B | ||
| Q3 25 | $27.2B | $16.5B | ||
| Q2 25 | $27.1B | $16.5B | ||
| Q1 25 | $26.3B | $16.4B | ||
| Q4 24 | $25.6B | $16.7B | ||
| Q3 24 | $26.9B | $16.5B | ||
| Q2 24 | $26.4B | $16.4B |
负债/权益比KVUER
| Q1 26 | — | — | ||
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 2.09× |
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 | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $744.0M | $273.0M |
| 自由现金流率自由现金流/营收 | 19.7% | 8.7% |
| 资本支出强度资本支出/营收 | 2.9% | 13.7% |
| 现金转化率经营现金流/净利润 | 2.59× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $1.7B | $595.0M |
8季度趋势，按日历期对齐
经营现金流KVUER
| Q1 26 | — | $583.0M | ||
| Q4 25 | $854.0M | $749.0M | ||
| Q3 25 | $294.0M | $442.0M | ||
| Q2 25 | $621.0M | $752.0M | ||
| Q1 25 | $428.0M | $651.0M | ||
| Q4 24 | $793.0M | $558.0M | ||
| Q3 24 | $249.0M | $629.0M | ||
| Q2 24 | $440.0M | $552.0M |
自由现金流KVUER
| Q1 26 | — | $273.0M | ||
| Q4 25 | $744.0M | $344.0M | ||
| Q3 25 | $196.0M | $-85.0M | ||
| Q2 25 | $533.0M | $63.0M | ||
| Q1 25 | $249.0M | $137.0M | ||
| Q4 24 | $661.0M | $-201.0M | ||
| Q3 24 | $190.0M | $30.0M | ||
| Q2 24 | $350.0M | $-87.0M |
自由现金流率KVUER
| Q1 26 | — | 8.7% | ||
| Q4 25 | 19.7% | 10.8% | ||
| Q3 25 | 5.2% | -2.7% | ||
| Q2 25 | 13.9% | 2.0% | ||
| Q1 25 | 6.7% | 4.4% | ||
| Q4 24 | 18.1% | -6.3% | ||
| Q3 24 | 4.9% | 0.9% | ||
| Q2 24 | 8.8% | -2.7% |
资本支出强度KVUER
| Q1 26 | — | 13.7% | ||
| Q4 25 | 2.9% | 12.8% | ||
| Q3 25 | 2.6% | 16.6% | ||
| Q2 25 | 2.3% | 21.6% | ||
| Q1 25 | 4.8% | 16.4% | ||
| Q4 24 | 3.6% | 23.8% | ||
| Q3 24 | 1.5% | 18.9% | ||
| Q2 24 | 2.3% | 20.1% |
现金转化率KVUER
| Q1 26 | — | 6.27× | ||
| Q4 25 | 2.59× | 5.67× | ||
| Q3 25 | 0.74× | 3.20× | ||
| Q2 25 | 1.48× | 5.74× | ||
| Q1 25 | 1.33× | 6.64× | ||
| Q4 24 | 2.71× | 4.13× | ||
| Q3 24 | 0.65× | 4.43× | ||
| Q2 24 | 7.59× | 4.35× |
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% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
