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安姆科（AMCR）与贝宝（PYPL）财务数据对比。点击上方公司名可切换其他公司
贝宝的季度营收约是安姆科的1.6倍（$8.7B vs $5.4B），贝宝净利率更高（16.6% vs 3.2%，领先13.3%），安姆科同比增速更快（68.1% vs 3.7%），贝宝自由现金流更多（$2.2B vs $282.0M），过去两年安姆科的营收复合增速更高（26.4% vs 6.2%）
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。
贝宝控股（PayPal Holdings, Inc.）是美国跨国金融科技企业，在全球多数支持线上转账的国家运营在线支付系统，可作为支票、汇票等传统纸质支付方式的电子替代选项，同时为线上商户、拍卖网站及各类商业用户提供支付处理服务。
AMCR vs PYPL — 直观对比
营收规模更大
PYPL
是对方的1.6倍
$5.4B
营收增速更快
AMCR
高出64.4%
3.7%
净利率更高
PYPL
高出13.3%
3.2%
自由现金流更多
PYPL
多$1.9B
$282.0M
两年增速更快
AMCR
近两年复合增速
6.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $8.7B |
| 净利润 | $177.0M | $1.4B |
| 毛利率 | 19.1% | — |
| 营业利润率 | 6.1% | 17.4% |
| 净利率 | 3.2% | 16.6% |
| 营收同比 | 68.1% | 3.7% |
| 净利润同比 | 8.6% | 28.2% |
| 每股收益（稀释后） | $0.38 | $1.53 |
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AMCRPYPL
| Q4 25 | $5.4B | $8.7B | ||
| Q3 25 | $5.7B | $8.4B | ||
| Q2 25 | $5.1B | $8.3B | ||
| Q1 25 | $3.3B | $7.8B | ||
| Q4 24 | $3.2B | $8.4B | ||
| Q3 24 | $3.4B | $7.8B | ||
| Q2 24 | $3.5B | $7.9B | ||
| Q1 24 | $3.4B | $7.7B |
净利润AMCRPYPL
| Q4 25 | $177.0M | $1.4B | ||
| Q3 25 | $262.0M | $1.2B | ||
| Q2 25 | $-39.0M | $1.3B | ||
| Q1 25 | $196.0M | $1.3B | ||
| Q4 24 | $163.0M | $1.1B | ||
| Q3 24 | $191.0M | $1.0B | ||
| Q2 24 | $257.0M | $1.1B | ||
| Q1 24 | $187.0M | $888.0M |
毛利率AMCRPYPL
| 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AMCRPYPL
| Q4 25 | 6.1% | 17.4% | ||
| Q3 25 | 8.0% | 18.1% | ||
| Q2 25 | 1.7% | 18.1% | ||
| Q1 25 | 9.4% | 19.6% | ||
| Q4 24 | 9.2% | 17.2% | ||
| Q3 24 | 9.3% | 17.7% | ||
| Q2 24 | 11.2% | 16.8% | ||
| Q1 24 | 9.0% | 15.2% |
净利率AMCRPYPL
| Q4 25 | 3.2% | 16.6% | ||
| Q3 25 | 4.6% | 14.8% | ||
| Q2 25 | -0.8% | 15.2% | ||
| Q1 25 | 5.9% | 16.5% | ||
| Q4 24 | 5.0% | 13.4% | ||
| Q3 24 | 5.7% | 12.9% | ||
| Q2 24 | 7.3% | 14.3% | ||
| Q1 24 | 5.5% | 11.5% |
每股收益（稀释后）AMCRPYPL
| Q4 25 | $0.38 | $1.53 | ||
| Q3 25 | $0.11 | $1.30 | ||
| Q2 25 | $-0.06 | $1.29 | ||
| Q1 25 | $0.14 | $1.29 | ||
| Q4 24 | $0.11 | $1.09 | ||
| Q3 24 | $0.13 | $0.99 | ||
| Q2 24 | $0.18 | $1.08 | ||
| Q1 24 | $0.13 | $0.83 |
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 | $10.4B |
| 总债务越低越好 | $14.6B | — |
| 股东权益账面价值 | $11.6B | $20.3B |
| 总资产 | $37.0B | $80.2B |
| 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AMCRPYPL
| Q4 25 | $1.1B | $10.4B | ||
| Q3 25 | $825.0M | $10.8B | ||
| Q2 25 | $827.0M | $10.0B | ||
| Q1 25 | $2.0B | $11.2B | ||
| Q4 24 | $445.0M | $10.8B | ||
| Q3 24 | $432.0M | $11.9B | ||
| Q2 24 | $588.0M | $13.6B | ||
| Q1 24 | $457.0M | $14.3B |
总债务AMCRPYPL
| Q4 25 | $14.6B | — | ||
| Q3 25 | $12.8B | — | ||
| Q2 25 | $13.8B | — | ||
| Q1 25 | $8.6B | — | ||
| Q4 24 | $6.8B | — | ||
| Q3 24 | $7.2B | — | ||
| Q2 24 | $6.6B | — | ||
| Q1 24 | $7.1B | — |
股东权益AMCRPYPL
| Q4 25 | $11.6B | $20.3B | ||
| Q3 25 | $11.7B | $20.2B | ||
| Q2 25 | $11.7B | $20.2B | ||
| Q1 25 | $3.9B | $20.3B | ||
| Q4 24 | $3.8B | $20.4B | ||
| Q3 24 | $3.9B | $20.2B | ||
| Q2 24 | $3.9B | $20.6B | ||
| Q1 24 | $3.9B | $20.7B |
总资产AMCRPYPL
| Q4 25 | $37.0B | $80.2B | ||
| Q3 25 | $37.1B | $79.8B | ||
| Q2 25 | $37.1B | $79.8B | ||
| Q1 25 | $18.0B | $81.3B | ||
| Q4 24 | $16.2B | $81.6B | ||
| Q3 24 | $16.9B | $83.5B | ||
| Q2 24 | $16.5B | $84.0B | ||
| Q1 24 | $16.7B | $83.3B |
负债/权益比AMCRPYPL
| Q4 25 | 1.26× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 2.24× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.83× | — | ||
| Q2 24 | 1.70× | — | ||
| Q1 24 | 1.79× | — |
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 | $2.4B |
| 自由现金流经营现金流 - 资本支出 | $282.0M | $2.2B |
| 自由现金流率自由现金流/营收 | 5.2% | 25.2% |
| 资本支出强度资本支出/营收 | 4.1% | 2.2% |
| 现金转化率经营现金流/净利润 | 2.84× | 1.66× |
| 过去12个月自由现金流最近4个季度 | $805.0M | $5.6B |
8季度趋势，按日历期对齐
经营现金流AMCRPYPL
| Q4 25 | $503.0M | $2.4B | ||
| Q3 25 | $-133.0M | $2.0B | ||
| Q2 25 | $1.1B | $898.0M | ||
| Q1 25 | $117.0M | $1.2B | ||
| Q4 24 | $428.0M | $2.4B | ||
| Q3 24 | $-269.0M | $1.6B | ||
| Q2 24 | $943.0M | $1.5B | ||
| Q1 24 | $150.0M | $1.9B |
自由现金流AMCRPYPL
| Q4 25 | $282.0M | $2.2B | ||
| Q3 25 | $-371.0M | $1.7B | ||
| Q2 25 | $894.0M | $692.0M | ||
| Q1 25 | $0 | $964.0M | ||
| Q4 24 | $330.0M | $2.2B | ||
| Q3 24 | $-414.0M | $1.4B | ||
| Q2 24 | $809.0M | $1.4B | ||
| Q1 24 | $37.0M | $1.8B |
自由现金流率AMCRPYPL
| Q4 25 | 5.2% | 25.2% | ||
| Q3 25 | -6.5% | 20.4% | ||
| Q2 25 | 17.6% | 8.3% | ||
| Q1 25 | 0.0% | 12.4% | ||
| Q4 24 | 10.2% | 26.2% | ||
| Q3 24 | -12.3% | 18.4% | ||
| Q2 24 | 22.9% | 17.3% | ||
| Q1 24 | 1.1% | 22.9% |
资本支出强度AMCRPYPL
| Q4 25 | 4.1% | 2.2% | ||
| Q3 25 | 4.1% | 3.0% | ||
| Q2 25 | 4.3% | 2.5% | ||
| Q1 25 | 3.5% | 2.5% | ||
| Q4 24 | 3.0% | 2.4% | ||
| Q3 24 | 4.3% | 2.2% | ||
| Q2 24 | 3.8% | 2.0% | ||
| Q1 24 | 3.3% | 2.0% |
现金转化率AMCRPYPL
| Q4 25 | 2.84× | 1.66× | ||
| Q3 25 | -0.51× | 1.58× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | 0.60× | 0.90× | ||
| Q4 24 | 2.63× | 2.14× | ||
| Q3 24 | -1.41× | 1.60× | ||
| Q2 24 | 3.67× | 1.35× | ||
| Q1 24 | 0.80× | 2.16× |
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% |
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
