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Kenvue（KVUE）与RPM INTERNATIONAL INC（RPM）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RPM INTERNATIONAL INC的2.0倍（$3.8B vs $1.9B），Kenvue净利率更高（8.7% vs 8.4%，领先0.3%），RPM INTERNATIONAL INC同比增速更快（3.5% vs 3.2%），Kenvue自由现金流更多（$744.0M vs $296.4M），过去两年RPM INTERNATIONAL INC的营收复合增速更高（12.0% 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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
KVUE vs RPM — 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
RPM
高出0.3%
3.2%
净利率更高
KVUE
高出0.3%
8.4%
自由现金流更多
KVUE
多$447.6M
$296.4M
两年增速更快
RPM
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $1.9B |
| 净利润 | $330.0M | $161.2M |
| 毛利率 | 56.5% | 40.8% |
| 营业利润率 | 14.2% | 11.0% |
| 净利率 | 8.7% | 8.4% |
| 营收同比 | 3.2% | 3.5% |
| 净利润同比 | 12.6% | -12.0% |
| 每股收益（稀释后） | $0.16 | $1.26 |
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KVUERPM
| Q4 25 | $3.8B | $1.9B | ||
| Q3 25 | $3.8B | $2.1B | ||
| Q2 25 | $3.8B | $2.1B | ||
| Q1 25 | $3.7B | $1.5B | ||
| Q4 24 | $3.7B | $1.8B | ||
| Q3 24 | $3.9B | $2.0B | ||
| Q2 24 | $4.0B | $2.0B | ||
| Q1 24 | $3.9B | $1.5B |
净利润KVUERPM
| Q4 25 | $330.0M | $161.2M | ||
| Q3 25 | $398.0M | $227.6M | ||
| Q2 25 | $420.0M | $225.8M | ||
| Q1 25 | $322.0M | $52.0M | ||
| Q4 24 | $293.0M | $183.2M | ||
| Q3 24 | $383.0M | $227.7M | ||
| Q2 24 | $58.0M | $180.6M | ||
| Q1 24 | $296.0M | $61.2M |
毛利率KVUERPM
| Q4 25 | 56.5% | 40.8% | ||
| Q3 25 | 59.1% | 42.3% | ||
| Q2 25 | 58.9% | 42.4% | ||
| Q1 25 | 58.0% | 38.4% | ||
| Q4 24 | 56.5% | 41.4% | ||
| Q3 24 | 58.5% | 42.5% | ||
| Q2 24 | 59.1% | 41.4% | ||
| Q1 24 | 57.6% | 39.9% |
营业利润率KVUERPM
| Q4 25 | 14.2% | 11.0% | ||
| Q3 25 | 16.7% | 14.1% | ||
| Q2 25 | 18.0% | 11.9% | ||
| Q1 25 | 14.9% | 2.8% | ||
| Q4 24 | 13.2% | 11.5% | ||
| Q3 24 | 16.8% | 14.8% | ||
| Q2 24 | 3.9% | 11.9% | ||
| Q1 24 | 14.1% | 5.5% |
净利率KVUERPM
| Q4 25 | 8.7% | 8.4% | ||
| Q3 25 | 10.6% | 10.8% | ||
| Q2 25 | 10.9% | 10.8% | ||
| Q1 25 | 8.6% | 3.5% | ||
| Q4 24 | 8.0% | 9.9% | ||
| Q3 24 | 9.8% | 11.6% | ||
| Q2 24 | 1.5% | 9.0% | ||
| Q1 24 | 7.6% | 4.0% |
每股收益（稀释后）KVUERPM
| Q4 25 | $0.16 | $1.26 | ||
| Q3 25 | $0.21 | $1.77 | ||
| Q2 25 | $0.22 | $1.76 | ||
| Q1 25 | $0.17 | $0.40 | ||
| Q4 24 | $0.16 | $1.42 | ||
| Q3 24 | $0.20 | $1.77 | ||
| Q2 24 | $0.03 | $1.40 | ||
| Q1 24 | $0.15 | $0.47 |
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 | $316.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $10.8B | $3.1B |
| 总资产 | $27.1B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资KVUERPM
| Q4 25 | $1.1B | $316.6M | ||
| Q3 25 | $1.1B | $297.1M | ||
| Q2 25 | $1.1B | $302.1M | ||
| Q1 25 | $1.1B | $241.9M | ||
| Q4 24 | $1.1B | $268.7M | ||
| Q3 24 | $1.1B | $231.6M | ||
| Q2 24 | $1.0B | $237.4M | ||
| Q1 24 | $1.2B | $248.9M |
总债务KVUERPM
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.2B |
股东权益KVUERPM
| Q4 25 | $10.8B | $3.1B | ||
| Q3 25 | $10.6B | $3.1B | ||
| Q2 25 | $10.7B | $2.9B | ||
| Q1 25 | $10.1B | $2.7B | ||
| Q4 24 | $9.7B | $2.7B | ||
| Q3 24 | $10.6B | $2.6B | ||
| Q2 24 | $10.2B | $2.5B | ||
| Q1 24 | $10.6B | $2.3B |
总资产KVUERPM
| Q4 25 | $27.1B | $7.9B | ||
| Q3 25 | $27.2B | $7.9B | ||
| Q2 25 | $27.1B | $7.8B | ||
| Q1 25 | $26.3B | $6.6B | ||
| Q4 24 | $25.6B | $6.7B | ||
| Q3 24 | $26.9B | $6.6B | ||
| Q2 24 | $26.4B | $6.6B | ||
| Q1 24 | $27.3B | $6.4B |
负债/权益比KVUERPM
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $744.0M | $296.4M |
| 自由现金流率自由现金流/营收 | 19.7% | 15.5% |
| 资本支出强度资本支出/营收 | 2.9% | 2.6% |
| 现金转化率经营现金流/净利润 | 2.59× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $1.7B | $582.9M |
8季度趋势，按日历期对齐
经营现金流KVUERPM
| Q4 25 | $854.0M | $345.7M | ||
| Q3 25 | $294.0M | $237.5M | ||
| Q2 25 | $621.0M | $149.2M | ||
| Q1 25 | $428.0M | $91.5M | ||
| Q4 24 | $793.0M | $279.4M | ||
| Q3 24 | $249.0M | $248.1M | ||
| Q2 24 | $440.0M | $181.2M | ||
| Q1 24 | $287.0M | $173.4M |
自由现金流KVUERPM
| Q4 25 | $744.0M | $296.4M | ||
| Q3 25 | $196.0M | $175.0M | ||
| Q2 25 | $533.0M | $78.2M | ||
| Q1 25 | $249.0M | $33.3M | ||
| Q4 24 | $661.0M | $229.5M | ||
| Q3 24 | $190.0M | $197.3M | ||
| Q2 24 | $350.0M | $105.3M | ||
| Q1 24 | $134.0M | $124.6M |
自由现金流率KVUERPM
| Q4 25 | 19.7% | 15.5% | ||
| Q3 25 | 5.2% | 8.3% | ||
| Q2 25 | 13.9% | 3.8% | ||
| Q1 25 | 6.7% | 2.3% | ||
| Q4 24 | 18.1% | 12.4% | ||
| Q3 24 | 4.9% | 10.0% | ||
| Q2 24 | 8.8% | 5.2% | ||
| Q1 24 | 3.4% | 8.2% |
资本支出强度KVUERPM
| Q4 25 | 2.9% | 2.6% | ||
| Q3 25 | 2.6% | 3.0% | ||
| Q2 25 | 2.3% | 3.4% | ||
| Q1 25 | 4.8% | 3.9% | ||
| Q4 24 | 3.6% | 2.7% | ||
| Q3 24 | 1.5% | 2.6% | ||
| Q2 24 | 2.3% | 3.8% | ||
| Q1 24 | 3.9% | 3.2% |
现金转化率KVUERPM
| Q4 25 | 2.59× | 2.14× | ||
| Q3 25 | 0.74× | 1.04× | ||
| Q2 25 | 1.48× | 0.66× | ||
| Q1 25 | 1.33× | 1.76× | ||
| Q4 24 | 2.71× | 1.53× | ||
| Q3 24 | 0.65× | 1.09× | ||
| Q2 24 | 7.59× | 1.00× | ||
| Q1 24 | 0.97× | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
