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安姆科（AMCR）与自由港麦克莫兰（FCX）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自由港麦克莫兰的1.0倍（$5.4B vs $5.3B），自由港麦克莫兰净利率更高（10.7% vs 3.2%，领先7.5%），安姆科同比增速更快（68.1% vs -10.4%），安姆科自由现金流更多（$282.0M vs $-312.0M），过去两年安姆科的营收复合增速更高（26.4% vs -7.9%）
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。
自由港麦克莫兰是总部位于美国亚利桑那州凤凰城的矿业企业，是全球最大的钼生产商、主要铜生产商之一，运营着坐落于印度尼西亚巴布亚省的世界最大金矿格拉斯伯格矿。
AMCR vs FCX — 直观对比
营收规模更大
AMCR
是对方的1.0倍
$5.3B
营收增速更快
AMCR
高出78.6%
-10.4%
净利率更高
FCX
高出7.5%
3.2%
自由现金流更多
AMCR
多$594.0M
$-312.0M
两年增速更快
AMCR
近两年复合增速
-7.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $5.3B |
| 净利润 | $177.0M | $565.0M |
| 毛利率 | 19.1% | 12.4% |
| 营业利润率 | 6.1% | 15.4% |
| 净利率 | 3.2% | 10.7% |
| 营收同比 | 68.1% | -10.4% |
| 净利润同比 | 8.6% | -21.6% |
| 每股收益（稀释后） | $0.38 | — |
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AMCRFCX
| Q4 25 | $5.4B | $5.3B | ||
| Q3 25 | $5.7B | $6.8B | ||
| Q2 25 | $5.1B | $7.5B | ||
| Q1 25 | $3.3B | $5.6B | ||
| Q4 24 | $3.2B | $5.9B | ||
| Q3 24 | $3.4B | $6.7B | ||
| Q2 24 | $3.5B | $6.4B | ||
| Q1 24 | $3.4B | $6.2B |
净利润AMCRFCX
| Q4 25 | $177.0M | $565.0M | ||
| Q3 25 | $262.0M | $1.2B | ||
| Q2 25 | $-39.0M | $1.5B | ||
| Q1 25 | $196.0M | $793.0M | ||
| Q4 24 | $163.0M | $721.0M | ||
| Q3 24 | $191.0M | $1.2B | ||
| Q2 24 | $257.0M | $1.3B | ||
| Q1 24 | $187.0M | $1.2B |
毛利率AMCRFCX
| Q4 25 | 19.1% | 12.4% | ||
| Q3 25 | 19.6% | 29.2% | ||
| Q2 25 | 17.6% | 34.2% | ||
| Q1 25 | 19.6% | 24.3% | ||
| Q4 24 | 19.3% | 27.0% | ||
| Q3 24 | 19.7% | 30.0% | ||
| Q2 24 | 21.3% | 31.5% | ||
| Q1 24 | 20.3% | 28.5% |
营业利润率AMCRFCX
| Q4 25 | 6.1% | 15.4% | ||
| Q3 25 | 8.0% | 28.9% | ||
| Q2 25 | 1.7% | 32.3% | ||
| Q1 25 | 9.4% | 23.4% | ||
| Q4 24 | 9.2% | 21.1% | ||
| Q3 24 | 9.3% | 29.0% | ||
| Q2 24 | 11.2% | 32.0% | ||
| Q1 24 | 9.0% | 26.3% |
净利率AMCRFCX
| Q4 25 | 3.2% | 10.7% | ||
| Q3 25 | 4.6% | 18.3% | ||
| Q2 25 | -0.8% | 20.6% | ||
| Q1 25 | 5.9% | 14.2% | ||
| Q4 24 | 5.0% | 12.3% | ||
| Q3 24 | 5.7% | 18.5% | ||
| Q2 24 | 7.3% | 20.0% | ||
| Q1 24 | 5.5% | 18.7% |
每股收益（稀释后）AMCRFCX
| Q4 25 | $0.38 | — | ||
| Q3 25 | $0.11 | $0.46 | ||
| Q2 25 | $-0.06 | $0.53 | ||
| Q1 25 | $0.14 | $0.24 | ||
| Q4 24 | $0.11 | — | ||
| Q3 24 | $0.13 | $0.36 | ||
| Q2 24 | $0.18 | $0.42 | ||
| Q1 24 | $0.13 | $0.32 |
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 | $3.8B |
| 总债务越低越好 | $14.6B | $9.4B |
| 股东权益账面价值 | $11.6B | $18.9B |
| 总资产 | $37.0B | $58.2B |
| 负债/权益比越低杠杆越低 | 1.26× | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资AMCRFCX
| Q4 25 | $1.1B | $3.8B | ||
| Q3 25 | $825.0M | $4.3B | ||
| Q2 25 | $827.0M | $4.5B | ||
| Q1 25 | $2.0B | $4.4B | ||
| Q4 24 | $445.0M | $3.9B | ||
| Q3 24 | $432.0M | $5.0B | ||
| Q2 24 | $588.0M | $5.3B | ||
| Q1 24 | $457.0M | $5.2B |
总债务AMCRFCX
| Q4 25 | $14.6B | $9.4B | ||
| Q3 25 | $12.8B | — | ||
| Q2 25 | $13.8B | — | ||
| Q1 25 | $8.6B | $9.4B | ||
| Q4 24 | $6.8B | $8.9B | ||
| Q3 24 | $7.2B | $9.7B | ||
| Q2 24 | $6.6B | $9.4B | ||
| Q1 24 | $7.1B | $9.4B |
股东权益AMCRFCX
| Q4 25 | $11.6B | $18.9B | ||
| Q3 25 | $11.7B | $18.7B | ||
| Q2 25 | $11.7B | $18.2B | ||
| Q1 25 | $3.9B | $17.7B | ||
| Q4 24 | $3.8B | $17.6B | ||
| Q3 24 | $3.9B | $17.5B | ||
| Q2 24 | $3.9B | $17.4B | ||
| Q1 24 | $3.9B | $17.0B |
总资产AMCRFCX
| Q4 25 | $37.0B | $58.2B | ||
| Q3 25 | $37.1B | $56.8B | ||
| Q2 25 | $37.1B | $56.5B | ||
| Q1 25 | $18.0B | $56.0B | ||
| Q4 24 | $16.2B | $54.8B | ||
| Q3 24 | $16.9B | $55.4B | ||
| Q2 24 | $16.5B | $54.6B | ||
| Q1 24 | $16.7B | $54.2B |
负债/权益比AMCRFCX
| Q4 25 | 1.26× | 0.50× | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 2.24× | 0.53× | ||
| Q4 24 | 1.81× | 0.51× | ||
| Q3 24 | 1.83× | 0.55× | ||
| Q2 24 | 1.70× | 0.54× | ||
| Q1 24 | 1.79× | 0.56× |
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 | $693.0M |
| 自由现金流经营现金流 - 资本支出 | $282.0M | $-312.0M |
| 自由现金流率自由现金流/营收 | 5.2% | -5.9% |
| 资本支出强度资本支出/营收 | 4.1% | 19.1% |
| 现金转化率经营现金流/净利润 | 2.84× | 1.23× |
| 过去12个月自由现金流最近4个季度 | $805.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流AMCRFCX
| Q4 25 | $503.0M | $693.0M | ||
| Q3 25 | $-133.0M | $1.7B | ||
| Q2 25 | $1.1B | $2.2B | ||
| Q1 25 | $117.0M | $1.1B | ||
| Q4 24 | $428.0M | $1.4B | ||
| Q3 24 | $-269.0M | $1.9B | ||
| Q2 24 | $943.0M | $2.0B | ||
| Q1 24 | $150.0M | $1.9B |
自由现金流AMCRFCX
| Q4 25 | $282.0M | $-312.0M | ||
| Q3 25 | $-371.0M | $608.0M | ||
| Q2 25 | $894.0M | $934.0M | ||
| Q1 25 | $0 | $-114.0M | ||
| Q4 24 | $330.0M | $197.0M | ||
| Q3 24 | $-414.0M | $673.0M | ||
| Q2 24 | $809.0M | $840.0M | ||
| Q1 24 | $37.0M | $642.0M |
自由现金流率AMCRFCX
| Q4 25 | 5.2% | -5.9% | ||
| Q3 25 | -6.5% | 8.9% | ||
| Q2 25 | 17.6% | 12.4% | ||
| Q1 25 | 0.0% | -2.0% | ||
| Q4 24 | 10.2% | 3.4% | ||
| Q3 24 | -12.3% | 10.1% | ||
| Q2 24 | 22.9% | 13.1% | ||
| Q1 24 | 1.1% | 10.3% |
资本支出强度AMCRFCX
| Q4 25 | 4.1% | 19.1% | ||
| Q3 25 | 4.1% | 15.5% | ||
| Q2 25 | 4.3% | 16.8% | ||
| Q1 25 | 3.5% | 21.0% | ||
| Q4 24 | 3.0% | 21.1% | ||
| Q3 24 | 4.3% | 17.9% | ||
| Q2 24 | 3.8% | 17.4% | ||
| Q1 24 | 3.3% | 20.2% |
现金转化率AMCRFCX
| Q4 25 | 2.84× | 1.23× | ||
| Q3 25 | -0.51× | 1.33× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | 0.60× | 1.33× | ||
| Q4 24 | 2.63× | 1.99× | ||
| Q3 24 | -1.41× | 1.51× | ||
| Q2 24 | 3.67× | 1.53× | ||
| Q1 24 | 0.80× | 1.63× |
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% |
FCX
| Morenci | $2.5B | 47% |
| Grasberg Segment | $964.0M | 18% |
| Copper In Concentrates | $934.0M | 18% |
| Molybdenum | $541.0M | 10% |
| Gold | $388.0M | 7% |
