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Amentum Holdings, Inc.（AMTM）与国际纸业（IP）财务数据对比。点击上方公司名可切换其他公司
国际纸业的季度营收约是Amentum Holdings, Inc.的1.8倍（$6.0B vs $3.2B），Amentum Holdings, Inc.净利率更高（1.4% vs 1.0%，领先0.4%），国际纸业同比增速更快（-0.6% vs -5.2%），国际纸业自由现金流更多（$94.0M vs $-142.0M），过去两年Amentum Holdings, Inc.的营收复合增速更高（25.6% vs 12.3%）
本公司是总部位于美国达拉斯的跨国技术专业服务企业，面向全球企业、机构及政府部门客户提供工程、技术、建设服务以及科学与专项咨询服务，连续6年蝉联《工程新闻纪录》（ENR）全球顶尖设计企业500强榜首。
国际纸业是总部位于美国田纳西州孟菲斯的纸浆及造纸企业，为全球规模最大的同类型企业，目前拥有约3.9万名员工，产品覆盖纸浆、包装用纸、办公用纸等品类，业务遍及全球多个国家和地区，广泛服务各行业客户的相关需求。
AMTM vs IP — 直观对比
营收规模更大
IP
是对方的1.8倍
$3.2B
营收增速更快
IP
高出4.7%
-5.2%
净利率更高
AMTM
高出0.4%
1.0%
自由现金流更多
IP
多$236.0M
$-142.0M
两年增速更快
AMTM
近两年复合增速
12.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $6.0B |
| 净利润 | $44.0M | $60.0M |
| 毛利率 | 10.1% | — |
| 营业利润率 | 4.3% | — |
| 净利率 | 1.4% | 1.0% |
| 营收同比 | -5.2% | -0.6% |
| 净利润同比 | 266.7% | 157.1% |
| 每股收益（稀释后） | $0.18 | $0.14 |
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AMTMIP
| Q1 26 | $3.2B | $6.0B | ||
| Q4 25 | $3.9B | $4.7B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | $3.6B | $6.8B | ||
| Q1 25 | $3.5B | $5.9B | ||
| Q4 24 | $3.4B | $4.6B | ||
| Q3 24 | $2.2B | $4.7B | ||
| Q2 24 | $2.1B | $4.7B |
净利润AMTMIP
| Q1 26 | $44.0M | $60.0M | ||
| Q4 25 | $40.0M | $-2.4B | ||
| Q3 25 | — | $-1.1B | ||
| Q2 25 | $10.0M | $75.0M | ||
| Q1 25 | $4.0M | $-105.0M | ||
| Q4 24 | $12.0M | $-147.0M | ||
| Q3 24 | $26.0M | $150.0M | ||
| Q2 24 | $-26.0M | $498.0M |
毛利率AMTMIP
| Q1 26 | 10.1% | — | ||
| Q4 25 | 10.6% | 32.2% | ||
| Q3 25 | — | 31.1% | ||
| Q2 25 | 10.3% | 27.9% | ||
| Q1 25 | 10.5% | 27.8% | ||
| Q4 24 | 10.6% | 29.0% | ||
| Q3 24 | 9.0% | 28.7% | ||
| Q2 24 | 9.6% | 29.0% |
营业利润率AMTMIP
| Q1 26 | 4.3% | — | ||
| Q4 25 | 3.4% | -56.4% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | 2.9% | 1.7% | ||
| Q1 25 | 3.2% | -2.3% | ||
| Q4 24 | 3.9% | -4.9% | ||
| Q3 24 | 1.2% | 5.1% | ||
| Q2 24 | 4.2% | 6.8% |
净利率AMTMIP
| Q1 26 | 1.4% | 1.0% | ||
| Q4 25 | 1.0% | -50.3% | ||
| Q3 25 | — | -17.7% | ||
| Q2 25 | 0.3% | 1.1% | ||
| Q1 25 | 0.1% | -1.8% | ||
| Q4 24 | 0.4% | -3.2% | ||
| Q3 24 | 1.2% | 3.2% | ||
| Q2 24 | -1.2% | 10.5% |
每股收益（稀释后）AMTMIP
| Q1 26 | $0.18 | $0.14 | ||
| Q4 25 | $0.16 | $-4.76 | ||
| Q3 25 | — | $-2.09 | ||
| Q2 25 | $0.04 | $0.14 | ||
| Q1 25 | $0.02 | $-0.24 | ||
| Q4 24 | $0.05 | $-0.42 | ||
| Q3 24 | $0.31 | $0.42 | ||
| Q2 24 | $-0.29 | $1.41 |
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 | $247.0M | — |
| 总债务越低越好 | $3.9B | $8.2B |
| 股东权益账面价值 | $4.6B | $14.8B |
| 总资产 | $11.2B | $36.4B |
| 负债/权益比越低杠杆越低 | 0.86× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资AMTMIP
| Q1 26 | $247.0M | — | ||
| Q4 25 | $437.0M | $1.1B | ||
| Q3 25 | — | $995.0M | ||
| Q2 25 | $738.0M | $1.1B | ||
| Q1 25 | $546.0M | $1.2B | ||
| Q4 24 | $522.0M | $1.2B | ||
| Q3 24 | $452.0M | $1.2B | ||
| Q2 24 | — | $1.0B |
总债务AMTMIP
| Q1 26 | $3.9B | $8.2B | ||
| Q4 25 | $3.9B | $8.8B | ||
| Q3 25 | — | $9.0B | ||
| Q2 25 | $4.5B | $9.7B | ||
| Q1 25 | $4.7B | $9.2B | ||
| Q4 24 | $4.7B | $5.4B | ||
| Q3 24 | $4.7B | $5.3B | ||
| Q2 24 | — | $5.3B |
股东权益AMTMIP
| Q1 26 | $4.6B | $14.8B | ||
| Q4 25 | $4.5B | $14.8B | ||
| Q3 25 | — | $17.3B | ||
| Q2 25 | $4.5B | $18.6B | ||
| Q1 25 | $4.4B | $18.1B | ||
| Q4 24 | $4.5B | $8.2B | ||
| Q3 24 | $4.5B | $8.6B | ||
| Q2 24 | $303.0M | $8.6B |
总资产AMTMIP
| Q1 26 | $11.2B | $36.4B | ||
| Q4 25 | $11.5B | $38.0B | ||
| Q3 25 | — | $40.6B | ||
| Q2 25 | $11.8B | $42.4B | ||
| Q1 25 | $12.0B | $41.2B | ||
| Q4 24 | $11.9B | $22.8B | ||
| Q3 24 | $12.0B | $23.2B | ||
| Q2 24 | — | $23.1B |
负债/权益比AMTMIP
| Q1 26 | 0.86× | 0.55× | ||
| Q4 25 | 0.88× | 0.60× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | 1.01× | 0.52× | ||
| Q1 25 | 1.06× | 0.51× | ||
| Q4 24 | 1.05× | 0.66× | ||
| Q3 24 | 1.05× | 0.62× | ||
| Q2 24 | — | 0.62× |
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 | $-136.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | $94.0M |
| 自由现金流率自由现金流/营收 | -4.4% | 1.6% |
| 资本支出强度资本支出/营收 | 0.2% | 8.7% |
| 现金转化率经营现金流/净利润 | -3.09× | — |
| 过去12个月自由现金流最近4个季度 | $272.0M | $553.0M |
8季度趋势，按日历期对齐
经营现金流AMTMIP
| Q1 26 | $-136.0M | — | ||
| Q4 25 | $270.0M | $905.0M | ||
| Q3 25 | — | $605.0M | ||
| Q2 25 | $106.0M | $476.0M | ||
| Q1 25 | $57.0M | $-288.0M | ||
| Q4 24 | $110.0M | $397.0M | ||
| Q3 24 | — | $521.0M | ||
| Q2 24 | — | $365.0M |
自由现金流AMTMIP
| Q1 26 | $-142.0M | $94.0M | ||
| Q4 25 | $261.0M | $255.0M | ||
| Q3 25 | — | $150.0M | ||
| Q2 25 | $100.0M | $54.0M | ||
| Q1 25 | $53.0M | $-618.0M | ||
| Q4 24 | $102.0M | $137.0M | ||
| Q3 24 | — | $309.0M | ||
| Q2 24 | — | $167.0M |
自由现金流率AMTMIP
| Q1 26 | -4.4% | 1.6% | ||
| Q4 25 | 6.6% | 5.4% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | 2.8% | 0.8% | ||
| Q1 25 | 1.5% | -10.5% | ||
| Q4 24 | 3.0% | 3.0% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | 3.5% |
资本支出强度AMTMIP
| Q1 26 | 0.2% | 8.7% | ||
| Q4 25 | 0.2% | 13.7% | ||
| Q3 25 | — | 7.3% | ||
| Q2 25 | 0.2% | 6.2% | ||
| Q1 25 | 0.1% | 5.6% | ||
| Q4 24 | 0.2% | 5.7% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 4.2% |
现金转化率AMTMIP
| Q1 26 | -3.09× | — | ||
| Q4 25 | 6.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.60× | 6.35× | ||
| Q1 25 | 14.25× | — | ||
| Q4 24 | 9.17× | — | ||
| Q3 24 | — | 3.47× | ||
| Q2 24 | — | 0.73× |
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
AMTM
| Global Engineering Solutions Segment | $1.9B | 59% |
| Other U.S.Government Agencies | $400.0M | 12% |
| Fixed Price Contract | $380.0M | 12% |
| Commercial And International | $226.0M | 7% |
| Time And Materials Contract | $171.0M | 5% |
| Sales Channel Through Intermediary | $78.0M | 2% |
| Equity Method Investee | $50.0M | 2% |
IP
| Packaging Solutions North America | $3.6B | 61% |
| Packaging Solutions EMEA | $2.3B | 39% |
| Corporate and Inter-segment Sales | $22.0M | 0% |
