vs
Aflac（AFL）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是Aflac的1.8倍（$7.7B vs $4.3B），Aflac净利率更高（23.4% vs 0.8%，领先22.6%），Aflac同比增速更快（27.9% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs -8.0%）
Aflac是美国知名保险企业，也是美国最大的补充保险提供商，成立于1955年，总部位于佐治亚州哥伦布市。公司在美国推出多类保险产品，其中薪资抵扣型保险服务知名度较高，参保人遭遇保障范围内的意外或疾病时可获现金赔付，目前已为全球超5000万用户提供财务保障。
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。
AFL vs SW — 直观对比
营收规模更大
SW
是对方的1.8倍
$4.3B
营收增速更快
AFL
高出27.2%
0.7%
净利率更高
AFL
高出22.6%
0.8%
两年增速更快
SW
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $7.7B |
| 净利润 | $1.0B | $63.0M |
| 毛利率 | — | 16.4% |
| 营业利润率 | — | 3.3% |
| 净利率 | 23.4% | 0.8% |
| 营收同比 | 27.9% | 0.7% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $1.98 | $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AFLSW
| Q1 26 | $4.3B | $7.7B | ||
| Q4 25 | $4.9B | $7.6B | ||
| Q3 25 | $4.7B | $8.0B | ||
| Q2 25 | $4.2B | $7.9B | ||
| Q1 25 | $3.4B | $7.7B | ||
| Q4 24 | $5.4B | $7.5B | ||
| Q3 24 | $2.9B | $7.7B | ||
| Q2 24 | $5.1B | $3.0B |
净利润AFLSW
| Q1 26 | $1.0B | $63.0M | ||
| Q4 25 | $1.4B | $97.0M | ||
| Q3 25 | $1.6B | $246.0M | ||
| Q2 25 | $599.0M | $-28.0M | ||
| Q1 25 | $29.0M | $384.0M | ||
| Q4 24 | $1.9B | $146.0M | ||
| Q3 24 | $-93.0M | $-150.0M | ||
| Q2 24 | $1.8B | $132.0M |
毛利率AFLSW
| Q1 26 | — | 16.4% | ||
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% |
营业利润率AFLSW
| Q1 26 | — | 3.3% | ||
| Q4 25 | 32.3% | 5.1% | ||
| Q3 25 | 42.1% | 6.6% | ||
| Q2 25 | 19.8% | 3.2% | ||
| Q1 25 | 4.3% | 7.2% | ||
| Q4 24 | 39.5% | 5.3% | ||
| Q3 24 | 3.1% | 0.7% | ||
| Q2 24 | 39.3% | 8.2% |
净利率AFLSW
| Q1 26 | 23.4% | 0.8% | ||
| Q4 25 | 28.3% | 1.3% | ||
| Q3 25 | 34.6% | 3.1% | ||
| Q2 25 | 14.4% | -0.4% | ||
| Q1 25 | 0.9% | 5.0% | ||
| Q4 24 | 35.2% | 1.9% | ||
| Q3 24 | -3.2% | -2.0% | ||
| Q2 24 | 34.2% | 4.4% |
每股收益（稀释后）AFLSW
| Q1 26 | $1.98 | $0.12 | ||
| Q4 25 | $2.58 | $0.18 | ||
| Q3 25 | $3.08 | $0.47 | ||
| Q2 25 | $1.11 | $-0.05 | ||
| Q1 25 | $0.05 | $0.73 | ||
| Q4 24 | $3.45 | $-0.12 | ||
| Q3 24 | $-0.17 | $-0.30 | ||
| Q2 24 | $3.10 | $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 | $5.1B | — |
| 总债务越低越好 | — | $980.0M |
| 股东权益账面价值 | $30.0B | $18.1B |
| 总资产 | $116.3B | $45.2B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资AFLSW
| Q1 26 | $5.1B | — | ||
| Q4 25 | $6.2B | $892.0M | ||
| Q3 25 | $6.8B | $851.0M | ||
| Q2 25 | $7.0B | $778.0M | ||
| Q1 25 | $5.2B | $797.0M | ||
| Q4 24 | $6.2B | $855.0M | ||
| Q3 24 | $5.6B | — | ||
| Q2 24 | $6.1B | $26.8K |
总债务AFLSW
| Q1 26 | — | $980.0M | ||
| Q4 25 | — | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益AFLSW
| Q1 26 | $30.0B | $18.1B | ||
| Q4 25 | $29.5B | $18.3B | ||
| Q3 25 | $28.7B | $18.4B | ||
| Q2 25 | $27.2B | $18.3B | ||
| Q1 25 | $26.3B | $17.9B | ||
| Q4 24 | $26.1B | $17.4B | ||
| Q3 24 | $24.8B | $18.0B | ||
| Q2 24 | $26.0B | $14.5K |
总资产AFLSW
| Q1 26 | $116.3B | $45.2B | ||
| Q4 25 | $116.5B | $45.2B | ||
| Q3 25 | $122.3B | $45.6B | ||
| Q2 25 | $124.7B | $45.7B | ||
| Q1 25 | $120.3B | $44.6B | ||
| Q4 24 | $117.6B | $43.8B | ||
| Q3 24 | $128.4B | $45.0B | ||
| Q2 24 | $120.2B | $26.8K |
负债/权益比AFLSW
| Q1 26 | — | 0.05× | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 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 | — | $204.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 3.24× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AFLSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $315.0M | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $399.0M | $829.0M | ||
| Q1 25 | $589.0M | $235.0M | ||
| Q4 24 | $333.0M | $781.0M | ||
| Q3 24 | $1.3B | $320.0M | ||
| Q2 24 | $255.0M | $340.0M |
自由现金流AFLSW
| Q1 26 | — | — | ||
| Q4 25 | — | $612.0M | ||
| Q3 25 | — | $523.0M | ||
| Q2 25 | — | $307.0M | ||
| Q1 25 | — | $-242.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | — | $-192.0M | ||
| Q2 24 | — | $163.0M |
自由现金流率AFLSW
| Q1 26 | — | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | -2.5% | ||
| Q2 24 | — | 5.5% |
资本支出强度AFLSW
| Q1 26 | — | — | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 6.0% |
现金转化率AFLSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 0.23× | 12.32× | ||
| Q3 25 | 0.76× | 4.61× | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 20.31× | 0.61× | ||
| Q4 24 | 0.18× | 5.35× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.15× | 2.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
