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Kenvue（KVUE）与Rocket Companies, Inc.（RKT）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Rocket Companies, Inc.的1.4倍（$3.8B vs $2.7B），Kenvue净利率更高（8.7% vs 2.5%，领先6.2%），Rocket Companies, Inc.同比增速更快（52.2% vs 3.2%），Kenvue自由现金流更多（$744.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
KVUE vs RKT — 直观对比
营收规模更大
KVUE
是对方的1.4倍
$2.7B
营收增速更快
RKT
高出48.9%
3.2%
净利率更高
KVUE
高出6.2%
2.5%
自由现金流更多
KVUE
多$2.0B
$-1.3B
两年增速更快
RKT
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.7B |
| 净利润 | $330.0M | $68.0M |
| 毛利率 | 56.5% | — |
| 营业利润率 | 14.2% | 6.3% |
| 净利率 | 8.7% | 2.5% |
| 营收同比 | 3.2% | 52.2% |
| 净利润同比 | 12.6% | 100.8% |
| 每股收益（稀释后） | $0.16 | $0.10 |
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KVUERKT
| Q4 25 | $3.8B | $2.7B | ||
| Q3 25 | $3.8B | $1.6B | ||
| Q2 25 | $3.8B | $1.4B | ||
| Q1 25 | $3.7B | $1.0B | ||
| Q4 24 | $3.7B | $1.8B | ||
| Q3 24 | $3.9B | $646.9M | ||
| Q2 24 | $4.0B | $1.3B | ||
| Q1 24 | $3.9B | $1.4B |
净利润KVUERKT
| Q4 25 | $330.0M | $68.0M | ||
| Q3 25 | $398.0M | $-123.9M | ||
| Q2 25 | $420.0M | $-1.8M | ||
| Q1 25 | $322.0M | $-10.4M | ||
| Q4 24 | $293.0M | $33.9M | ||
| Q3 24 | $383.0M | $-22.0M | ||
| Q2 24 | $58.0M | $1.3M | ||
| Q1 24 | $296.0M | $16.2M |
毛利率KVUERKT
| Q4 25 | 56.5% | — | ||
| Q3 25 | 59.1% | — | ||
| Q2 25 | 58.9% | — | ||
| Q1 25 | 58.0% | — | ||
| Q4 24 | 56.5% | 58.9% | ||
| Q3 24 | 58.5% | -8.4% | ||
| Q2 24 | 59.1% | 47.4% | ||
| Q1 24 | 57.6% | 51.2% |
营业利润率KVUERKT
| Q4 25 | 14.2% | 6.3% | ||
| Q3 25 | 16.7% | -11.5% | ||
| Q2 25 | 18.0% | 1.8% | ||
| Q1 25 | 14.9% | -21.5% | ||
| Q4 24 | 13.2% | 38.1% | ||
| Q3 24 | 16.8% | -76.9% | ||
| Q2 24 | 3.9% | 14.8% | ||
| Q1 24 | 14.1% | 21.6% |
净利率KVUERKT
| Q4 25 | 8.7% | 2.5% | ||
| Q3 25 | 10.6% | -7.7% | ||
| Q2 25 | 10.9% | -0.1% | ||
| Q1 25 | 8.6% | -1.0% | ||
| Q4 24 | 8.0% | 1.9% | ||
| Q3 24 | 9.8% | -3.4% | ||
| Q2 24 | 1.5% | 0.1% | ||
| Q1 24 | 7.6% | 1.2% |
每股收益（稀释后）KVUERKT
| Q4 25 | $0.16 | $0.10 | ||
| Q3 25 | $0.21 | $-0.06 | ||
| Q2 25 | $0.22 | $-0.01 | ||
| Q1 25 | $0.17 | $-0.08 | ||
| Q4 24 | $0.16 | $0.28 | ||
| Q3 24 | $0.20 | $-0.19 | ||
| Q2 24 | $0.03 | $0.01 | ||
| Q1 24 | $0.15 | $0.11 |
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 | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.8B | $22.9B |
| 总资产 | $27.1B | $60.7B |
| 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KVUERKT
| Q4 25 | $1.1B | $2.7B | ||
| Q3 25 | $1.1B | $5.8B | ||
| Q2 25 | $1.1B | $5.1B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.0B | $1.3B | ||
| Q1 24 | $1.2B | $861.4M |
股东权益KVUERKT
| Q4 25 | $10.8B | $22.9B | ||
| Q3 25 | $10.6B | $8.9B | ||
| Q2 25 | $10.7B | $7.4B | ||
| Q1 25 | $10.1B | $8.6B | ||
| Q4 24 | $9.7B | $9.0B | ||
| Q3 24 | $10.6B | $8.4B | ||
| Q2 24 | $10.2B | $8.8B | ||
| Q1 24 | $10.6B | $8.6B |
总资产KVUERKT
| Q4 25 | $27.1B | $60.7B | ||
| Q3 25 | $27.2B | $33.6B | ||
| Q2 25 | $27.1B | $30.4B | ||
| Q1 25 | $26.3B | $25.3B | ||
| Q4 24 | $25.6B | $24.5B | ||
| Q3 24 | $26.9B | $25.1B | ||
| Q2 24 | $26.4B | $23.6B | ||
| Q1 24 | $27.3B | $22.2B |
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 | $854.0M | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $744.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 19.7% | -47.2% |
| 资本支出强度资本支出/营收 | 2.9% | 1.5% |
| 现金转化率经营现金流/净利润 | 2.59× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $1.7B | $-4.0B |
8季度趋势，按日历期对齐
经营现金流KVUERKT
| Q4 25 | $854.0M | $-1.2B | ||
| Q3 25 | $294.0M | $-50.3M | ||
| Q2 25 | $621.0M | $-1.9B | ||
| Q1 25 | $428.0M | $-797.0M | ||
| Q4 24 | $793.0M | $1.8B | ||
| Q3 24 | $249.0M | $-1.3B | ||
| Q2 24 | $440.0M | $-122.3M | ||
| Q1 24 | $287.0M | $-3.0B |
自由现金流KVUERKT
| Q4 25 | $744.0M | $-1.3B | ||
| Q3 25 | $196.0M | $-71.8M | ||
| Q2 25 | $533.0M | $-1.9B | ||
| Q1 25 | $249.0M | $-811.0M | ||
| Q4 24 | $661.0M | $1.8B | ||
| Q3 24 | $190.0M | $-1.4B | ||
| Q2 24 | $350.0M | $-138.3M | ||
| Q1 24 | $134.0M | $-3.0B |
自由现金流率KVUERKT
| Q4 25 | 19.7% | -47.2% | ||
| Q3 25 | 5.2% | -4.5% | ||
| Q2 25 | 13.9% | -137.2% | ||
| Q1 25 | 6.7% | -78.2% | ||
| Q4 24 | 18.1% | 103.1% | ||
| Q3 24 | 4.9% | -209.6% | ||
| Q2 24 | 8.8% | -10.6% | ||
| Q1 24 | 3.4% | -218.7% |
资本支出强度KVUERKT
| Q4 25 | 2.9% | 1.5% | ||
| Q3 25 | 2.6% | 1.3% | ||
| Q2 25 | 2.3% | 1.1% | ||
| Q1 25 | 4.8% | 1.4% | ||
| Q4 24 | 3.6% | 1.1% | ||
| Q3 24 | 1.5% | 2.9% | ||
| Q2 24 | 2.3% | 1.2% | ||
| Q1 24 | 3.9% | 1.0% |
现金转化率KVUERKT
| Q4 25 | 2.59× | -18.08× | ||
| Q3 25 | 0.74× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 1.33× | — | ||
| Q4 24 | 2.71× | 54.42× | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 7.59× | -94.46× | ||
| Q1 24 | 0.97× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
