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菲利普莫里斯国际（PM）与Ross Stores（ROST）财务数据对比。点击上方公司名可切换其他公司
菲利普莫里斯国际的季度营收约是Ross Stores的1.8倍（$10.1B vs $5.6B），菲利普莫里斯国际净利率更高（24.0% vs 9.1%，领先14.9%），Ross Stores同比增速更快（10.4% vs 9.1%），过去两年菲利普莫里斯国际的营收复合增速更高（3.5% vs -3.6%）
菲利普莫里斯国际是全球头部烟草企业，产品销往180余个国家和地区，旗下万宝路是全球最知名的烟草品牌，2023年第四季度加热不燃烧产品IQOS贡献了最高营收，位列2025年财富美国500强第121位。
Ross Stores, Inc.是美国知名折扣百货连锁集团，旗下核心品牌为Ross Dress for Less，总部位于加利福尼亚州都柏林，是美国规模最大的平价零售商。截至2024年7月，集团在全美43个州、华盛顿特区、波多黎各及关岛共运营1795家门店，暂未覆盖新英格兰地区及阿拉斯加，另拥有门店数超353家的折扣零售品牌DD's Discounts。
PM vs ROST — 直观对比
营收规模更大
PM
是对方的1.8倍
$5.6B
营收增速更快
ROST
高出1.3%
9.1%
净利率更高
PM
高出14.9%
9.1%
两年增速更快
PM
近两年复合增速
-3.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.1B | $5.6B |
| 净利润 | $2.4B | $511.9M |
| 毛利率 | 68.1% | 28.0% |
| 营业利润率 | 38.4% | 11.6% |
| 净利率 | 24.0% | 9.1% |
| 营收同比 | 9.1% | 10.4% |
| 净利润同比 | -9.0% | 4.7% |
| 每股收益（稀释后） | $1.56 | $1.58 |
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PMROST
| Q1 26 | $10.1B | — | ||
| Q4 25 | $10.4B | $5.6B | ||
| Q3 25 | $10.8B | $5.5B | ||
| Q2 25 | $10.1B | $5.0B | ||
| Q1 25 | $9.3B | $5.9B | ||
| Q4 24 | $9.7B | $5.1B | ||
| Q3 24 | $9.9B | $5.3B | ||
| Q2 24 | $9.5B | $4.9B |
净利润PMROST
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.1B | $511.9M | ||
| Q3 25 | $3.5B | $508.0M | ||
| Q2 25 | $3.0B | $479.2M | ||
| Q1 25 | $2.7B | $586.8M | ||
| Q4 24 | $-579.0M | $488.8M | ||
| Q3 24 | $3.1B | $527.1M | ||
| Q2 24 | $2.4B | $488.0M |
毛利率PMROST
| Q1 26 | 68.1% | — | ||
| Q4 25 | 65.6% | 28.0% | ||
| Q3 25 | 67.8% | 27.6% | ||
| Q2 25 | 67.7% | 28.2% | ||
| Q1 25 | 67.3% | 26.5% | ||
| Q4 24 | 64.7% | 28.3% | ||
| Q3 24 | 66.0% | 28.3% | ||
| Q2 24 | 64.7% | 28.1% |
营业利润率PMROST
| Q1 26 | 38.4% | — | ||
| Q4 25 | 32.6% | 11.6% | ||
| Q3 25 | 39.3% | 11.5% | ||
| Q2 25 | 36.6% | 12.2% | ||
| Q1 25 | 38.1% | 12.4% | ||
| Q4 24 | 33.6% | 11.9% | ||
| Q3 24 | 36.9% | 12.5% | ||
| Q2 24 | 36.4% | 12.2% |
净利率PMROST
| Q1 26 | 24.0% | — | ||
| Q4 25 | 20.7% | 9.1% | ||
| Q3 25 | 32.1% | 9.2% | ||
| Q2 25 | 30.0% | 9.6% | ||
| Q1 25 | 28.9% | 9.9% | ||
| Q4 24 | -6.0% | 9.6% | ||
| Q3 24 | 31.1% | 10.0% | ||
| Q2 24 | 25.4% | 10.0% |
每股收益（稀释后）PMROST
| Q1 26 | $1.56 | — | ||
| Q4 25 | $1.36 | $1.58 | ||
| Q3 25 | $2.23 | $1.56 | ||
| Q2 25 | $1.95 | $1.47 | ||
| Q1 25 | $1.72 | $1.79 | ||
| Q4 24 | $-0.37 | $1.48 | ||
| Q3 24 | $1.97 | $1.59 | ||
| Q2 24 | $1.54 | $1.46 |
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 | $5.5B | $4.1B |
| 总债务越低越好 | $49.5B | $1.5B |
| 股东权益账面价值 | — | $5.9B |
| 总资产 | $68.9B | $15.4B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资PMROST
| Q1 26 | $5.5B | — | ||
| Q4 25 | $4.9B | $4.1B | ||
| Q3 25 | $4.0B | $3.8B | ||
| Q2 25 | $4.1B | $3.8B | ||
| Q1 25 | $4.4B | $4.7B | ||
| Q4 24 | $4.2B | $4.3B | ||
| Q3 24 | $4.3B | $4.7B | ||
| Q2 24 | $4.8B | $4.7B |
总债务PMROST
| Q1 26 | $49.5B | — | ||
| Q4 25 | $45.1B | $1.5B | ||
| Q3 25 | $41.9B | $1.5B | ||
| Q2 25 | $42.4B | $1.5B | ||
| Q1 25 | $38.8B | $2.2B | ||
| Q4 24 | $42.2B | $2.2B | ||
| Q3 24 | $44.2B | $2.5B | ||
| Q2 24 | $44.6B | $2.5B |
股东权益PMROST
| Q1 26 | — | — | ||
| Q4 25 | $-10.0B | $5.9B | ||
| Q3 25 | $-10.9B | $5.7B | ||
| Q2 25 | $-12.0B | $5.6B | ||
| Q1 25 | $-10.9B | $5.5B | ||
| Q4 24 | $-11.8B | $5.3B | ||
| Q3 24 | $-9.7B | $5.1B | ||
| Q2 24 | $-9.7B | $4.9B |
总资产PMROST
| Q1 26 | $68.9B | — | ||
| Q4 25 | $69.2B | $15.4B | ||
| Q3 25 | $67.1B | $14.5B | ||
| Q2 25 | $68.5B | $14.3B | ||
| Q1 25 | $65.1B | $14.9B | ||
| Q4 24 | $61.8B | $14.9B | ||
| Q3 24 | $66.9B | $14.7B | ||
| Q2 24 | $65.8B | $14.5B |
负债/权益比PMROST
| Q1 26 | — | — | ||
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.42× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.50× |
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 | — | $827.1M |
| 自由现金流经营现金流 - 资本支出 | — | $617.8M |
| 自由现金流率自由现金流/营收 | — | 11.0% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | — | 1.62× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流PMROST
| Q1 26 | — | — | ||
| Q4 25 | $4.7B | $827.1M | ||
| Q3 25 | $4.5B | $668.4M | ||
| Q2 25 | $3.4B | $409.7M | ||
| Q1 25 | $-350.0M | $882.6M | ||
| Q4 24 | $4.0B | $513.4M | ||
| Q3 24 | $3.3B | $592.1M | ||
| Q2 24 | $4.6B | $368.9M |
自由现金流PMROST
| Q1 26 | — | — | ||
| Q4 25 | $4.3B | $617.8M | ||
| Q3 25 | $4.1B | $466.6M | ||
| Q2 25 | $3.1B | $202.3M | ||
| Q1 25 | $-754.0M | $676.6M | ||
| Q4 24 | $3.7B | $333.0M | ||
| Q3 24 | $3.0B | $394.6M | ||
| Q2 24 | $4.3B | $232.7M |
自由现金流率PMROST
| Q1 26 | — | — | ||
| Q4 25 | 41.2% | 11.0% | ||
| Q3 25 | 37.8% | 8.4% | ||
| Q2 25 | 30.1% | 4.1% | ||
| Q1 25 | -8.1% | 11.4% | ||
| Q4 24 | 38.4% | 6.6% | ||
| Q3 24 | 29.9% | 7.5% | ||
| Q2 24 | 45.0% | 4.8% |
资本支出强度PMROST
| Q1 26 | — | — | ||
| Q4 25 | 4.3% | 3.7% | ||
| Q3 25 | 3.4% | 3.6% | ||
| Q2 25 | 3.5% | 4.2% | ||
| Q1 25 | 4.3% | 3.5% | ||
| Q4 24 | 2.9% | 3.6% | ||
| Q3 24 | 3.8% | 3.7% | ||
| Q2 24 | 3.9% | 2.8% |
现金转化率PMROST
| Q1 26 | — | — | ||
| Q4 25 | 2.20× | 1.62× | ||
| Q3 25 | 1.28× | 1.32× | ||
| Q2 25 | 1.12× | 0.85× | ||
| Q1 25 | -0.13× | 1.50× | ||
| Q4 24 | — | 1.05× | ||
| Q3 24 | 1.08× | 1.12× | ||
| Q2 24 | 1.93× | 0.76× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
