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安姆科（AMCR）与希悦尔（SEE）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希悦尔的3.9倍（$5.4B vs $1.4B）。安姆科净利率更高（3.2% vs 3.1%，领先0.1%）。安姆科同比增速更快（68.1% vs 2.6%）。安姆科自由现金流更多（$282.0M vs $257.7M）。过去两年安姆科的营收复合增速更高（26.4% vs 2.7%）
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。
希悦尔是全球领先的包装与防护解决方案供应商，核心产品包括缓冲防护材料、食品保鲜包装、可持续减废包装系统，服务覆盖电商、零售、食品饮料、工业制造等多个海内外领域。
AMCR vs SEE — 直观对比
营收规模更大
AMCR
是对方的3.9倍
$1.4B
营收增速更快
AMCR
高出65.5%
2.6%
净利率更高
AMCR
高出0.1%
3.1%
自由现金流更多
AMCR
多$24.3M
$257.7M
两年增速更快
AMCR
近两年复合增速
2.7%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $1.4B |
| 净利润 | $177.0M | $43.8M |
| 毛利率 | 19.1% | 28.6% |
| 营业利润率 | 6.1% | 11.4% |
| 净利率 | 3.2% | 3.1% |
| 营收同比 | 68.1% | 2.6% |
| 净利润同比 | 8.6% | 700.0% |
| 每股收益（稀释后） | $0.38 | $0.30 |
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AMCRSEE
| Q4 25 | $5.4B | $1.4B | ||
| Q3 25 | $5.7B | $1.3B | ||
| Q2 25 | $5.1B | $1.3B | ||
| Q1 25 | $3.3B | $1.3B | ||
| Q4 24 | $3.2B | $1.4B | ||
| Q3 24 | $3.4B | $1.3B | ||
| Q2 24 | $3.5B | $1.3B | ||
| Q1 24 | $3.4B | $1.3B |
净利润AMCRSEE
| Q4 25 | $177.0M | $43.8M | ||
| Q3 25 | $262.0M | $255.1M | ||
| Q2 25 | $-39.0M | $93.1M | ||
| Q1 25 | $196.0M | $113.5M | ||
| Q4 24 | $163.0M | $-7.3M | ||
| Q3 24 | $191.0M | $91.7M | ||
| Q2 24 | $257.0M | $98.3M | ||
| Q1 24 | $187.0M | $82.0M |
毛利率AMCRSEE
| Q4 25 | 19.1% | 28.6% | ||
| Q3 25 | 19.6% | 29.8% | ||
| Q2 25 | 17.6% | 30.7% | ||
| Q1 25 | 19.6% | 30.9% | ||
| Q4 24 | 19.3% | 30.0% | ||
| Q3 24 | 19.7% | 30.1% | ||
| Q2 24 | 21.3% | 31.2% | ||
| Q1 24 | 20.3% | 30.3% |
营业利润率AMCRSEE
| Q4 25 | 6.1% | 11.4% | ||
| Q3 25 | 8.0% | 13.8% | ||
| Q2 25 | 1.7% | 15.0% | ||
| Q1 25 | 9.4% | 14.5% | ||
| Q4 24 | 9.2% | 11.7% | ||
| Q3 24 | 9.3% | 13.9% | ||
| Q2 24 | 11.2% | 15.4% | ||
| Q1 24 | 9.0% | 14.0% |
净利率AMCRSEE
| Q4 25 | 3.2% | 3.1% | ||
| Q3 25 | 4.6% | 19.0% | ||
| Q2 25 | -0.8% | 7.0% | ||
| Q1 25 | 5.9% | 9.0% | ||
| Q4 24 | 5.0% | -0.5% | ||
| Q3 24 | 5.7% | 6.9% | ||
| Q2 24 | 7.3% | 7.4% | ||
| Q1 24 | 5.5% | 6.2% |
每股收益（稀释后）AMCRSEE
| Q4 25 | $0.38 | $0.30 | ||
| Q3 25 | $0.11 | $1.73 | ||
| Q2 25 | $-0.06 | $0.63 | ||
| Q1 25 | $0.14 | $0.77 | ||
| Q4 24 | $0.11 | $-0.05 | ||
| Q3 24 | $0.13 | $0.63 | ||
| Q2 24 | $0.18 | $0.67 | ||
| Q1 24 | $0.13 | $0.56 |
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 | $344.0M |
| 总债务越低越好 | $14.6B | $3.3B |
| 股东权益账面价值 | $11.6B | $1.2B |
| 总资产 | $37.0B | $7.0B |
| 负债/权益比越低杠杆越低 | 1.26× | 2.65× |
8季度趋势，按日历期对齐
现金及短期投资AMCRSEE
| Q4 25 | $1.1B | $344.0M | ||
| Q3 25 | $825.0M | $282.5M | ||
| Q2 25 | $827.0M | $354.4M | ||
| Q1 25 | $2.0B | $335.2M | ||
| Q4 24 | $445.0M | $371.8M | ||
| Q3 24 | $432.0M | $386.0M | ||
| Q2 24 | $588.0M | $388.6M | ||
| Q1 24 | $457.0M | $352.8M |
总债务AMCRSEE
| Q4 25 | $14.6B | $3.3B | ||
| Q3 25 | $12.8B | $4.0B | ||
| Q2 25 | $13.8B | $4.0B | ||
| Q1 25 | $8.6B | $4.2B | ||
| Q4 24 | $6.8B | $4.2B | ||
| Q3 24 | $7.2B | $4.3B | ||
| Q2 24 | $6.6B | $4.4B | ||
| Q1 24 | $7.1B | $4.5B |
股东权益AMCRSEE
| Q4 25 | $11.6B | $1.2B | ||
| Q3 25 | $11.7B | $1.2B | ||
| Q2 25 | $11.7B | $953.1M | ||
| Q1 25 | $3.9B | $797.9M | ||
| Q4 24 | $3.8B | $624.5M | ||
| Q3 24 | $3.9B | $771.2M | ||
| Q2 24 | $3.9B | $650.1M | ||
| Q1 24 | $3.9B | $598.3M |
总资产AMCRSEE
| Q4 25 | $37.0B | $7.0B | ||
| Q3 25 | $37.1B | $7.1B | ||
| Q2 25 | $37.1B | $7.2B | ||
| Q1 25 | $18.0B | $7.0B | ||
| Q4 24 | $16.2B | $7.0B | ||
| Q3 24 | $16.9B | $7.3B | ||
| Q2 24 | $16.5B | $7.3B | ||
| Q1 24 | $16.7B | $7.2B |
负债/权益比AMCRSEE
| Q4 25 | 1.26× | 2.65× | ||
| Q3 25 | 1.09× | 3.34× | ||
| Q2 25 | 1.18× | 4.18× | ||
| Q1 25 | 2.24× | 5.26× | ||
| Q4 24 | 1.81× | 6.72× | ||
| Q3 24 | 1.83× | 5.62× | ||
| Q2 24 | 1.70× | 6.81× | ||
| Q1 24 | 1.79× | 7.49× |
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 | $293.6M |
| 自由现金流经营现金流 - 资本支出 | $282.0M | $257.7M |
| 自由现金流率自由现金流/营收 | 5.2% | 18.5% |
| 资本支出强度资本支出/营收 | 4.1% | 2.6% |
| 现金转化率经营现金流/净利润 | 2.84× | 6.70× |
| 过去12个月自由现金流最近4个季度 | $805.0M | $458.5M |
8季度趋势，按日历期对齐
经营现金流AMCRSEE
| Q4 25 | $503.0M | $293.6M | ||
| Q3 25 | $-133.0M | $165.9M | ||
| Q2 25 | $1.1B | $136.6M | ||
| Q1 25 | $117.0M | $31.9M | ||
| Q4 24 | $428.0M | $244.2M | ||
| Q3 24 | $-269.0M | $170.5M | ||
| Q2 24 | $943.0M | $188.2M | ||
| Q1 24 | $150.0M | $125.1M |
自由现金流AMCRSEE
| Q4 25 | $282.0M | $257.7M | ||
| Q3 25 | $-371.0M | $119.6M | ||
| Q2 25 | $894.0M | $93.2M | ||
| Q1 25 | $0 | $-12.0M | ||
| Q4 24 | $330.0M | $185.1M | ||
| Q3 24 | $-414.0M | $115.2M | ||
| Q2 24 | $809.0M | $129.5M | ||
| Q1 24 | $37.0M | $78.0M |
自由现金流率AMCRSEE
| Q4 25 | 5.2% | 18.5% | ||
| Q3 25 | -6.5% | 8.9% | ||
| Q2 25 | 17.6% | 7.0% | ||
| Q1 25 | 0.0% | -0.9% | ||
| Q4 24 | 10.2% | 13.6% | ||
| Q3 24 | -12.3% | 8.6% | ||
| Q2 24 | 22.9% | 9.7% | ||
| Q1 24 | 1.1% | 5.9% |
资本支出强度AMCRSEE
| Q4 25 | 4.1% | 2.6% | ||
| Q3 25 | 4.1% | 3.4% | ||
| Q2 25 | 4.3% | 3.3% | ||
| Q1 25 | 3.5% | 3.5% | ||
| Q4 24 | 3.0% | 4.4% | ||
| Q3 24 | 4.3% | 4.1% | ||
| Q2 24 | 3.8% | 4.4% | ||
| Q1 24 | 3.3% | 3.6% |
现金转化率AMCRSEE
| Q4 25 | 2.84× | 6.70× | ||
| Q3 25 | -0.51× | 0.65× | ||
| Q2 25 | — | 1.47× | ||
| Q1 25 | 0.60× | 0.28× | ||
| Q4 24 | 2.63× | — | ||
| Q3 24 | -1.41× | 1.86× | ||
| Q2 24 | 3.67× | 1.91× | ||
| Q1 24 | 0.80× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
