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安姆科（AMCR）与慧与（HPE）财务数据对比。点击上方公司名可切换其他公司
慧与的季度营收约是安姆科的1.8倍（$9.7B vs $5.4B），安姆科净利率更高（3.2% vs 1.8%，领先1.4%），安姆科同比增速更快（68.1% vs 14.4%），慧与自由现金流更多（$1.8B vs $282.0M），过去两年安姆科的营收复合增速更高（26.4% vs 19.7%）
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。
慧与（Hewlett Packard Enterprise，简称HPE）是总部位于美国得克萨斯州斯普林的跨国信息技术企业，面向企业客户提供服务器、存储、网络、容器化软件及配套咨询与技术支持服务，2018年位列美国《财富》500强美国企业营收排行榜第107位。
AMCR vs HPE — 直观对比
营收规模更大
HPE
是对方的1.8倍
$5.4B
营收增速更快
AMCR
高出53.7%
14.4%
净利率更高
AMCR
高出1.4%
1.8%
自由现金流更多
HPE
多$1.5B
$282.0M
两年增速更快
AMCR
近两年复合增速
19.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $9.7B |
| 净利润 | $177.0M | $175.0M |
| 毛利率 | 19.1% | — |
| 营业利润率 | 6.1% | -0.1% |
| 净利率 | 3.2% | 1.8% |
| 营收同比 | 68.1% | 14.4% |
| 净利润同比 | 8.6% | -87.2% |
| 每股收益（稀释后） | $0.38 | $0.13 |
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AMCRHPE
| Q4 25 | $5.4B | $9.7B | ||
| Q3 25 | $5.7B | $9.1B | ||
| Q2 25 | $5.1B | $7.6B | ||
| Q1 25 | $3.3B | $7.9B | ||
| Q4 24 | $3.2B | $8.5B | ||
| Q3 24 | $3.4B | $7.7B | ||
| Q2 24 | $3.5B | $7.2B | ||
| Q1 24 | $3.4B | $6.8B |
净利润AMCRHPE
| Q4 25 | $177.0M | $175.0M | ||
| Q3 25 | $262.0M | $305.0M | ||
| Q2 25 | $-39.0M | $-1.1B | ||
| Q1 25 | $196.0M | $627.0M | ||
| Q4 24 | $163.0M | $1.4B | ||
| Q3 24 | $191.0M | $512.0M | ||
| Q2 24 | $257.0M | $314.0M | ||
| Q1 24 | $187.0M | $387.0M |
毛利率AMCRHPE
| 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% | — | ||
| Q1 24 | 20.3% | — |
营业利润率AMCRHPE
| Q4 25 | 6.1% | -0.1% | ||
| Q3 25 | 8.0% | 2.7% | ||
| Q2 25 | 1.7% | -14.5% | ||
| Q1 25 | 9.4% | 5.5% | ||
| Q4 24 | 9.2% | 8.2% | ||
| Q3 24 | 9.3% | 7.1% | ||
| Q2 24 | 11.2% | 5.9% | ||
| Q1 24 | 9.0% | 7.8% |
净利率AMCRHPE
| Q4 25 | 3.2% | 1.8% | ||
| Q3 25 | 4.6% | 3.3% | ||
| Q2 25 | -0.8% | -13.8% | ||
| Q1 25 | 5.9% | 8.0% | ||
| Q4 24 | 5.0% | 16.2% | ||
| Q3 24 | 5.7% | 6.6% | ||
| Q2 24 | 7.3% | 4.4% | ||
| Q1 24 | 5.5% | 5.7% |
每股收益（稀释后）AMCRHPE
| Q4 25 | $0.38 | $0.13 | ||
| Q3 25 | $0.11 | $0.21 | ||
| Q2 25 | $-0.06 | $-0.82 | ||
| Q1 25 | $0.14 | $0.44 | ||
| Q4 24 | $0.11 | $1.02 | ||
| Q3 24 | $0.13 | $0.38 | ||
| Q2 24 | $0.18 | $0.24 | ||
| Q1 24 | $0.13 | $0.29 |
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 | $5.8B |
| 总债务越低越好 | $14.6B | $17.8B |
| 股东权益账面价值 | $11.6B | $24.7B |
| 总资产 | $37.0B | $75.9B |
| 负债/权益比越低杠杆越低 | 1.26× | 0.72× |
8季度趋势，按日历期对齐
现金及短期投资AMCRHPE
| Q4 25 | $1.1B | $5.8B | ||
| Q3 25 | $825.0M | $4.6B | ||
| Q2 25 | $827.0M | $11.7B | ||
| Q1 25 | $2.0B | $13.4B | ||
| Q4 24 | $445.0M | $14.8B | ||
| Q3 24 | $432.0M | $3.6B | ||
| Q2 24 | $588.0M | $2.7B | ||
| Q1 24 | $457.0M | $3.8B |
总债务AMCRHPE
| Q4 25 | $14.6B | $17.8B | ||
| Q3 25 | $12.8B | $16.9B | ||
| Q2 25 | $13.8B | $12.4B | ||
| Q1 25 | $8.6B | $13.3B | ||
| Q4 24 | $6.8B | $13.5B | ||
| Q3 24 | $7.2B | $7.9B | ||
| Q2 24 | $6.6B | $7.5B | ||
| Q1 24 | $7.1B | $7.8B |
股东权益AMCRHPE
| Q4 25 | $11.6B | $24.7B | ||
| Q3 25 | $11.7B | $24.4B | ||
| Q2 25 | $11.7B | $23.9B | ||
| Q1 25 | $3.9B | $25.2B | ||
| Q4 24 | $3.8B | $24.8B | ||
| Q3 24 | $3.9B | $22.1B | ||
| Q2 24 | $3.9B | $21.7B | ||
| Q1 24 | $3.9B | $21.4B |
总资产AMCRHPE
| Q4 25 | $37.0B | $75.9B | ||
| Q3 25 | $37.1B | $77.3B | ||
| Q2 25 | $37.1B | $67.9B | ||
| Q1 25 | $18.0B | $70.3B | ||
| Q4 24 | $16.2B | $71.3B | ||
| Q3 24 | $16.9B | $60.9B | ||
| Q2 24 | $16.5B | $59.7B | ||
| Q1 24 | $16.7B | $58.6B |
负债/权益比AMCRHPE
| Q4 25 | 1.26× | 0.72× | ||
| Q3 25 | 1.09× | 0.69× | ||
| Q2 25 | 1.18× | 0.52× | ||
| Q1 25 | 2.24× | 0.53× | ||
| Q4 24 | 1.81× | 0.54× | ||
| Q3 24 | 1.83× | 0.36× | ||
| Q2 24 | 1.70× | 0.35× | ||
| Q1 24 | 1.79× | 0.37× |
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 | $2.5B |
| 自由现金流经营现金流 - 资本支出 | $282.0M | $1.8B |
| 自由现金流率自由现金流/营收 | 5.2% | 18.8% |
| 资本支出强度资本支出/营收 | 4.1% | 6.6% |
| 现金转化率经营现金流/净利润 | 2.84× | 14.09× |
| 过去12个月自由现金流最近4个季度 | $805.0M | $627.0M |
8季度趋势，按日历期对齐
经营现金流AMCRHPE
| Q4 25 | $503.0M | $2.5B | ||
| Q3 25 | $-133.0M | $1.3B | ||
| Q2 25 | $1.1B | $-461.0M | ||
| Q1 25 | $117.0M | $-390.0M | ||
| Q4 24 | $428.0M | $2.0B | ||
| Q3 24 | $-269.0M | $1.2B | ||
| Q2 24 | $943.0M | $1.1B | ||
| Q1 24 | $150.0M | $64.0M |
自由现金流AMCRHPE
| Q4 25 | $282.0M | $1.8B | ||
| Q3 25 | $-371.0M | $729.0M | ||
| Q2 25 | $894.0M | $-1.0B | ||
| Q1 25 | $0 | $-918.0M | ||
| Q4 24 | $330.0M | $1.4B | ||
| Q3 24 | $-414.0M | $611.0M | ||
| Q2 24 | $809.0M | $533.0M | ||
| Q1 24 | $37.0M | $-592.0M |
自由现金流率AMCRHPE
| Q4 25 | 5.2% | 18.8% | ||
| Q3 25 | -6.5% | 8.0% | ||
| Q2 25 | 17.6% | -13.2% | ||
| Q1 25 | 0.0% | -11.7% | ||
| Q4 24 | 10.2% | 16.8% | ||
| Q3 24 | -12.3% | 7.9% | ||
| Q2 24 | 22.9% | 7.4% | ||
| Q1 24 | 1.1% | -8.8% |
资本支出强度AMCRHPE
| Q4 25 | 4.1% | 6.6% | ||
| Q3 25 | 4.1% | 6.3% | ||
| Q2 25 | 4.3% | 7.2% | ||
| Q1 25 | 3.5% | 6.7% | ||
| Q4 24 | 3.0% | 7.2% | ||
| Q3 24 | 4.3% | 7.0% | ||
| Q2 24 | 3.8% | 7.8% | ||
| Q1 24 | 3.3% | 9.7% |
现金转化率AMCRHPE
| Q4 25 | 2.84× | 14.09× | ||
| Q3 25 | -0.51× | 4.28× | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.60× | -0.62× | ||
| Q4 24 | 2.63× | 1.49× | ||
| Q3 24 | -1.41× | 2.25× | ||
| Q2 24 | 3.67× | 3.48× | ||
| Q1 24 | 0.80× | 0.17× |
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% |
HPE
| Products | $6.2B | 64% |
| Services | $3.3B | 34% |
| Other | $199.0M | 2% |
