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安姆科（AMCR）与黑石集团（BX）财务数据对比。点击上方公司名可切换其他公司
安姆科的季度营收约是黑石集团的1.7倍（$5.4B vs $3.3B），黑石集团净利率更高（36.7% vs 3.2%，领先33.5%），安姆科同比增速更快（68.1% vs -77.7%），过去两年安姆科的营收复合增速更高（26.4% vs 8.5%）
安姆科是全球知名的包装产品开发商、生产商与销售商，业务覆盖欧洲、北美、拉美、非洲及亚太地区，下设软包装与硬包装两大业务板块。软包装产品广泛应用于食品饮料、医药、生鲜、休闲食品、个人护理等领域，硬包装板块则为各类食品饮料提供刚性容器产品。
黑石集团是总部位于美国纽约的另类资产管理机构，1985年由曾共同任职于雷曼兄弟的彼得·彼得森和斯蒂芬·施瓦茨曼创立，最初主营并购咨询业务。过去三十年间，其私募股权业务是全球最大的杠杆收购投资方之一，地产业务也在全球积极布局商业不动产投资。
AMCR vs BX — 直观对比
营收规模更大
AMCR
是对方的1.7倍
$3.3B
营收增速更快
AMCR
高出145.9%
-77.7%
净利率更高
BX
高出33.5%
3.2%
两年增速更快
AMCR
近两年复合增速
8.5%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $3.3B |
| 净利润 | $177.0M | $1.2B |
| 毛利率 | 19.1% | — |
| 营业利润率 | 6.1% | — |
| 净利率 | 3.2% | 36.7% |
| 营收同比 | 68.1% | -77.7% |
| 净利润同比 | 8.6% | -76.1% |
| 每股收益（稀释后） | $0.38 | $0.80 |
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AMCRBX
| Q1 26 | — | $3.3B | ||
| Q4 25 | $5.4B | $4.4B | ||
| Q3 25 | $5.7B | $3.1B | ||
| Q2 25 | $5.1B | $3.7B | ||
| Q1 25 | $3.3B | $3.3B | ||
| Q4 24 | $3.2B | $3.1B | ||
| Q3 24 | $3.4B | $3.7B | ||
| Q2 24 | $3.5B | $2.8B |
净利润AMCRBX
| Q1 26 | — | $1.2B | ||
| Q4 25 | $177.0M | $1.0B | ||
| Q3 25 | $262.0M | $624.9M | ||
| Q2 25 | $-39.0M | $764.2M | ||
| Q1 25 | $196.0M | $614.9M | ||
| Q4 24 | $163.0M | $703.9M | ||
| Q3 24 | $191.0M | $780.8M | ||
| Q2 24 | $257.0M | $444.4M |
毛利率AMCRBX
| Q1 26 | — | — | ||
| Q4 25 | 19.1% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 17.6% | — | ||
| Q1 25 | 19.6% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 19.7% | — | ||
| Q2 24 | 21.3% | — |
营业利润率AMCRBX
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 54.1% | ||
| Q3 25 | 8.0% | 46.8% | ||
| Q2 25 | 1.7% | 51.6% | ||
| Q1 25 | 9.4% | 44.2% | ||
| Q4 24 | 9.2% | 50.6% | ||
| Q3 24 | 9.3% | 49.4% | ||
| Q2 24 | 11.2% | 43.2% |
净利率AMCRBX
| Q1 26 | — | 36.7% | ||
| Q4 25 | 3.2% | 23.3% | ||
| Q3 25 | 4.6% | 20.2% | ||
| Q2 25 | -0.8% | 20.6% | ||
| Q1 25 | 5.9% | 18.7% | ||
| Q4 24 | 5.0% | 22.8% | ||
| Q3 24 | 5.7% | 21.3% | ||
| Q2 24 | 7.3% | 15.9% |
每股收益（稀释后）AMCRBX
| Q1 26 | — | $0.80 | ||
| Q4 25 | $0.38 | $1.29 | ||
| Q3 25 | $0.11 | $0.80 | ||
| Q2 25 | $-0.06 | $0.98 | ||
| Q1 25 | $0.14 | $0.80 | ||
| Q4 24 | $0.11 | $0.91 | ||
| Q3 24 | $0.13 | $1.02 | ||
| Q2 24 | $0.18 | $0.58 |
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 | $2.4B |
| 总债务越低越好 | $14.6B | — |
| 股东权益账面价值 | $11.6B | $18.5B |
| 总资产 | $37.0B | $45.3B |
| 负债/权益比越低杠杆越低 | 1.26× | — |
8季度趋势，按日历期对齐
现金及短期投资AMCRBX
| Q1 26 | — | $2.4B | ||
| Q4 25 | $1.1B | $2.6B | ||
| Q3 25 | $825.0M | $2.4B | ||
| Q2 25 | $827.0M | $2.2B | ||
| Q1 25 | $2.0B | $2.4B | ||
| Q4 24 | $445.0M | $2.0B | ||
| Q3 24 | $432.0M | $2.4B | ||
| Q2 24 | $588.0M | $2.4B |
总债务AMCRBX
| Q1 26 | — | — | ||
| Q4 25 | $14.6B | $12.6B | ||
| Q3 25 | $12.8B | $12.1B | ||
| Q2 25 | $13.8B | $12.1B | ||
| Q1 25 | $8.6B | $12.6B | ||
| Q4 24 | $6.8B | $11.5B | ||
| Q3 24 | $7.2B | $10.9B | ||
| Q2 24 | $6.6B | $10.8B |
股东权益AMCRBX
| Q1 26 | — | $18.5B | ||
| Q4 25 | $11.6B | $8.7B | ||
| Q3 25 | $11.7B | $8.4B | ||
| Q2 25 | $11.7B | $8.4B | ||
| Q1 25 | $3.9B | $8.0B | ||
| Q4 24 | $3.8B | $8.2B | ||
| Q3 24 | $3.9B | $7.0B | ||
| Q2 24 | $3.9B | $6.8B |
总资产AMCRBX
| Q1 26 | — | $45.3B | ||
| Q4 25 | $37.0B | $47.7B | ||
| Q3 25 | $37.1B | $46.6B | ||
| Q2 25 | $37.1B | $45.4B | ||
| Q1 25 | $18.0B | $45.3B | ||
| Q4 24 | $16.2B | $43.5B | ||
| Q3 24 | $16.9B | $42.6B | ||
| Q2 24 | $16.5B | $40.6B |
负债/权益比AMCRBX
| Q1 26 | — | — | ||
| Q4 25 | 1.26× | 1.45× | ||
| Q3 25 | 1.09× | 1.44× | ||
| Q2 25 | 1.18× | 1.45× | ||
| Q1 25 | 2.24× | 1.58× | ||
| Q4 24 | 1.81× | 1.40× | ||
| Q3 24 | 1.83× | 1.55× | ||
| Q2 24 | 1.70× | 1.58× |
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 | $503.0M | — |
| 自由现金流经营现金流 - 资本支出 | $282.0M | — |
| 自由现金流率自由现金流/营收 | 5.2% | — |
| 资本支出强度资本支出/营收 | 4.1% | — |
| 现金转化率经营现金流/净利润 | 2.84× | — |
| 过去12个月自由现金流最近4个季度 | $805.0M | — |
8季度趋势，按日历期对齐
经营现金流AMCRBX
| Q1 26 | — | — | ||
| Q4 25 | $503.0M | $1.1B | ||
| Q3 25 | $-133.0M | $1.6B | ||
| Q2 25 | $1.1B | $888.5M | ||
| Q1 25 | $117.0M | $1.1B | ||
| Q4 24 | $428.0M | $161.4M | ||
| Q3 24 | $-269.0M | $1.2B | ||
| Q2 24 | $943.0M | $1.2B |
自由现金流AMCRBX
| Q1 26 | — | — | ||
| Q4 25 | $282.0M | $1.0B | ||
| Q3 25 | $-371.0M | $1.6B | ||
| Q2 25 | $894.0M | $848.4M | ||
| Q1 25 | $0 | $1.1B | ||
| Q4 24 | $330.0M | $149.5M | ||
| Q3 24 | $-414.0M | $1.2B | ||
| Q2 24 | $809.0M | $1.1B |
自由现金流率AMCRBX
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 24.0% | ||
| Q3 25 | -6.5% | 51.0% | ||
| Q2 25 | 17.6% | 22.9% | ||
| Q1 25 | 0.0% | 32.8% | ||
| Q4 24 | 10.2% | 4.9% | ||
| Q3 24 | -12.3% | 32.8% | ||
| Q2 24 | 22.9% | 41.0% |
资本支出强度AMCRBX
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | 0.5% | ||
| Q3 25 | 4.1% | 0.8% | ||
| Q2 25 | 4.3% | 1.1% | ||
| Q1 25 | 3.5% | 0.9% | ||
| Q4 24 | 3.0% | 0.4% | ||
| Q3 24 | 4.3% | 0.5% | ||
| Q2 24 | 3.8% | 0.4% |
现金转化率AMCRBX
| Q1 26 | — | — | ||
| Q4 25 | 2.84× | 1.05× | ||
| Q3 25 | -0.51× | 2.56× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | 0.60× | 1.80× | ||
| Q4 24 | 2.63× | 0.23× | ||
| Q3 24 | -1.41× | 1.56× | ||
| Q2 24 | 3.67× | 2.61× |
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
AMCR
| Flexibles Segment | $3.2B | 59% |
| Rigid Packaging Segment | $2.3B | 42% |
BX
| Management and Advisory Fees, Net | $1.9B | 58% |
| Realized | $562.0M | 17% |
| Other | $368.1M | 11% |
| Unrealized | $263.2M | 8% |
| Incentive Fees | $191.8M | 6% |
