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雅培（ABT）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
雅培的季度营收约是Smurfit Westrock的1.5倍（$11.5B vs $7.7B），雅培净利率更高（15.5% vs 0.8%，领先14.7%），雅培同比增速更快（4.4% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 7.2%）
雅培是总部位于美国伊利诺伊州雅培园的跨国医疗健康企业，业务覆盖美国境外市场药品销售、诊断产品、营养产品及医疗器械等板块，在全球医疗健康领域拥有较高的行业知名度与广泛的市场覆盖。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
ABT vs SW — 直观对比
营收规模更大
ABT
是对方的1.5倍
$7.7B
营收增速更快
ABT
高出3.7%
0.7%
净利率更高
ABT
高出14.7%
0.8%
两年增速更快
SW
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $11.5B | $7.7B |
| 净利润 | $1.8B | $63.0M |
| 毛利率 | 57.0% | 16.4% |
| 营业利润率 | 19.6% | 3.3% |
| 净利率 | 15.5% | 0.8% |
| 营收同比 | 4.4% | 0.7% |
| 净利润同比 | -80.8% | 0.0% |
| 每股收益（稀释后） | $1.01 | $0.12 |
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ABTSW
| Q1 26 | — | $7.7B | ||
| Q4 25 | $11.5B | $7.6B | ||
| Q3 25 | $11.4B | $8.0B | ||
| Q2 25 | $11.1B | $7.9B | ||
| Q1 25 | $10.4B | $7.7B | ||
| Q4 24 | $11.0B | $7.5B | ||
| Q3 24 | $10.6B | $7.7B | ||
| Q2 24 | $10.4B | $3.0B |
净利润ABTSW
| Q1 26 | — | $63.0M | ||
| Q4 25 | $1.8B | $97.0M | ||
| Q3 25 | $1.6B | $246.0M | ||
| Q2 25 | $1.8B | $-28.0M | ||
| Q1 25 | $1.3B | $384.0M | ||
| Q4 24 | $9.2B | $146.0M | ||
| Q3 24 | $1.6B | $-150.0M | ||
| Q2 24 | $1.3B | $132.0M |
毛利率ABTSW
| Q1 26 | — | 16.4% | ||
| Q4 25 | 57.0% | 18.2% | ||
| Q3 25 | 55.4% | 19.6% | ||
| Q2 25 | 56.4% | 19.1% | ||
| Q1 25 | 56.9% | 20.6% | ||
| Q4 24 | 55.0% | 19.1% | ||
| Q3 24 | 55.8% | 17.6% | ||
| Q2 24 | 55.6% | 23.3% |
营业利润率ABTSW
| Q1 26 | — | 3.3% | ||
| Q4 25 | 19.6% | 5.1% | ||
| Q3 25 | 18.1% | 6.6% | ||
| Q2 25 | 18.4% | 3.2% | ||
| Q1 25 | 16.3% | 7.2% | ||
| Q4 24 | 17.4% | 5.3% | ||
| Q3 24 | 17.5% | 0.7% | ||
| Q2 24 | 16.1% | 8.2% |
净利率ABTSW
| Q1 26 | — | 0.8% | ||
| Q4 25 | 15.5% | 1.3% | ||
| Q3 25 | 14.5% | 3.1% | ||
| Q2 25 | 16.0% | -0.4% | ||
| Q1 25 | 12.8% | 5.0% | ||
| Q4 24 | 84.1% | 1.9% | ||
| Q3 24 | 15.5% | -2.0% | ||
| Q2 24 | 12.5% | 4.4% |
每股收益（稀释后）ABTSW
| Q1 26 | — | $0.12 | ||
| Q4 25 | $1.01 | $0.18 | ||
| Q3 25 | $0.94 | $0.47 | ||
| Q2 25 | $1.01 | $-0.05 | ||
| Q1 25 | $0.76 | $0.73 | ||
| Q4 24 | $5.26 | $-0.12 | ||
| Q3 24 | $0.94 | $-0.30 | ||
| Q2 24 | $0.74 | $0.51 |
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 | $8.9B | — |
| 总债务越低越好 | $12.9B | $980.0M |
| 股东权益账面价值 | $52.1B | $18.1B |
| 总资产 | $86.7B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.25× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资ABTSW
| Q1 26 | — | — | ||
| Q4 25 | $8.9B | $892.0M | ||
| Q3 25 | $7.7B | $851.0M | ||
| Q2 25 | $7.3B | $778.0M | ||
| Q1 25 | $6.8B | $797.0M | ||
| Q4 24 | $8.0B | $855.0M | ||
| Q3 24 | $7.8B | — | ||
| Q2 24 | $7.2B | $26.8K |
总债务ABTSW
| Q1 26 | — | $980.0M | ||
| Q4 25 | $12.9B | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | $14.1B | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益ABTSW
| Q1 26 | — | $18.1B | ||
| Q4 25 | $52.1B | $18.3B | ||
| Q3 25 | $51.0B | $18.4B | ||
| Q2 25 | $50.6B | $18.3B | ||
| Q1 25 | $48.8B | $17.9B | ||
| Q4 24 | $47.7B | $17.4B | ||
| Q3 24 | $39.8B | $18.0B | ||
| Q2 24 | $39.3B | $14.5K |
总资产ABTSW
| Q1 26 | — | $45.2B | ||
| Q4 25 | $86.7B | $45.2B | ||
| Q3 25 | $84.2B | $45.6B | ||
| Q2 25 | $84.0B | $45.7B | ||
| Q1 25 | $81.4B | $44.6B | ||
| Q4 24 | $81.4B | $43.8B | ||
| Q3 24 | $74.4B | $45.0B | ||
| Q2 24 | $73.0B | $26.8K |
负债/权益比ABTSW
| Q1 26 | — | 0.05× | ||
| Q4 25 | 0.25× | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | 0.30× | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| 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 | $3.3B | $204.0M |
| 自由现金流经营现金流 - 资本支出 | $2.6B | — |
| 自由现金流率自由现金流/营收 | 22.9% | — |
| 资本支出强度资本支出/营收 | 6.0% | — |
| 现金转化率经营现金流/净利润 | 1.87× | 3.24× |
| 过去12个月自由现金流最近4个季度 | $7.4B | — |
8季度趋势，按日历期对齐
经营现金流ABTSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $3.3B | $1.2B | ||
| Q3 25 | $2.8B | $1.1B | ||
| Q2 25 | $2.0B | $829.0M | ||
| Q1 25 | $1.4B | $235.0M | ||
| Q4 24 | $2.9B | $781.0M | ||
| Q3 24 | $2.7B | $320.0M | ||
| Q2 24 | $2.0B | $340.0M |
自由现金流ABTSW
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $612.0M | ||
| Q3 25 | $2.3B | $523.0M | ||
| Q2 25 | $1.5B | $307.0M | ||
| Q1 25 | $933.0M | $-242.0M | ||
| Q4 24 | $2.1B | $212.0M | ||
| Q3 24 | $2.1B | $-192.0M | ||
| Q2 24 | $1.4B | $163.0M |
自由现金流率ABTSW
| Q1 26 | — | — | ||
| Q4 25 | 22.9% | 8.1% | ||
| Q3 25 | 20.2% | 6.5% | ||
| Q2 25 | 13.9% | 3.9% | ||
| Q1 25 | 9.0% | -3.2% | ||
| Q4 24 | 19.6% | 2.8% | ||
| Q3 24 | 20.2% | -2.5% | ||
| Q2 24 | 13.8% | 5.5% |
资本支出强度ABTSW
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 7.7% | ||
| Q3 25 | 4.4% | 7.6% | ||
| Q2 25 | 4.5% | 6.6% | ||
| Q1 25 | 4.7% | 6.2% | ||
| Q4 24 | 6.6% | 7.5% | ||
| Q3 24 | 5.2% | 6.7% | ||
| Q2 24 | 5.1% | 6.0% |
现金转化率ABTSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 1.87× | 12.32× | ||
| Q3 25 | 1.70× | 4.61× | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.07× | 0.61× | ||
| Q4 24 | 0.31× | 5.35× | ||
| Q3 24 | 1.64× | — | ||
| Q2 24 | 1.51× | 2.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
