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空气化工产品公司（APD）与GRAPHIC PACKAGING HOLDING CO（GPK）财务数据对比。点击上方公司名可切换其他公司
空气化工产品公司的季度营收约是GRAPHIC PACKAGING HOLDING CO的1.5倍（$3.1B vs $2.1B）。空气化工产品公司净利率更高（21.9% vs 3.4%，领先18.5%）。空气化工产品公司同比增速更快（5.8% vs 0.2%）。过去两年空气化工产品公司的营收复合增速更高（2.9% vs -3.5%）
空气化工产品公司是全球知名的工业气体供应商，业务覆盖全球各地，主营大气气体、工艺气体、特种气体、相关设备及服务，产品涵盖氧气、氮气、氩气、氢气、氦气、二氧化碳、一氧化碳、合成气等，同时供应空分装置、非低温发生器等气体生产处理设备，服务炼油、化工、气化等多个行业领域。
Graphic Packaging Holding是总部位于美国佐治亚州亚特兰大的世界500强企业，专注于设计和生产商用产品包装解决方案，主营纸板及折叠纸盒业务，产品广泛应用于饮料、包装食品等各类热门消费品领域，在美国多州运营采用回收原料的纸板工厂。
APD vs GPK — 直观对比
营收规模更大
APD
是对方的1.5倍
$2.1B
营收增速更快
APD
高出5.6%
0.2%
净利率更高
APD
高出18.5%
3.4%
两年增速更快
APD
近两年复合增速
-3.5%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.1B |
| 净利润 | $678.2M | $71.0M |
| 毛利率 | 32.1% | 14.1% |
| 营业利润率 | 23.7% | 7.4% |
| 净利率 | 21.9% | 3.4% |
| 营收同比 | 5.8% | 0.2% |
| 净利润同比 | 9.8% | -48.6% |
| 每股收益（稀释后） | $3.04 | $0.24 |
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APDGPK
| Q4 25 | $3.1B | $2.1B | ||
| Q3 25 | $3.2B | $2.2B | ||
| Q2 25 | $3.0B | $2.2B | ||
| Q1 25 | $2.9B | $2.1B | ||
| Q4 24 | $2.9B | $2.1B | ||
| Q3 24 | $3.2B | $2.2B | ||
| Q2 24 | $3.0B | $2.2B | ||
| Q1 24 | $2.9B | $2.3B |
净利润APDGPK
| Q4 25 | $678.2M | $71.0M | ||
| Q3 25 | $4.9M | $142.0M | ||
| Q2 25 | $713.8M | $104.0M | ||
| Q1 25 | $-1.7B | $127.0M | ||
| Q4 24 | $617.4M | $138.0M | ||
| Q3 24 | $1.9B | $165.0M | ||
| Q2 24 | $696.6M | $190.0M | ||
| Q1 24 | $572.4M | $165.0M |
毛利率APDGPK
| Q4 25 | 32.1% | 14.1% | ||
| Q3 25 | 32.3% | 19.6% | ||
| Q2 25 | 32.5% | 18.7% | ||
| Q1 25 | 29.6% | 20.6% | ||
| Q4 24 | 31.2% | 21.4% | ||
| Q3 24 | 34.0% | 22.3% | ||
| Q2 24 | 32.8% | 21.2% | ||
| Q1 24 | 32.0% | 23.0% |
营业利润率APDGPK
| Q4 25 | 23.7% | 7.4% | ||
| Q3 25 | 0.5% | 10.7% | ||
| Q2 25 | 26.2% | 8.8% | ||
| Q1 25 | -79.8% | 10.5% | ||
| Q4 24 | 22.0% | 11.4% | ||
| Q3 24 | 76.1% | 12.6% | ||
| Q2 24 | 24.7% | 14.5% | ||
| Q1 24 | 21.7% | 12.4% |
净利率APDGPK
| Q4 25 | 21.9% | 3.4% | ||
| Q3 25 | 0.2% | 6.5% | ||
| Q2 25 | 23.6% | 4.7% | ||
| Q1 25 | -59.3% | 6.0% | ||
| Q4 24 | 21.1% | 6.6% | ||
| Q3 24 | 61.2% | 7.5% | ||
| Q2 24 | 23.3% | 8.5% | ||
| Q1 24 | 19.5% | 7.3% |
每股收益（稀释后）APDGPK
| Q4 25 | $3.04 | $0.24 | ||
| Q3 25 | $0.03 | $0.48 | ||
| Q2 25 | $3.20 | $0.34 | ||
| Q1 25 | $-7.77 | $0.42 | ||
| Q4 24 | $2.77 | $0.46 | ||
| Q3 24 | $8.75 | $0.55 | ||
| Q2 24 | $3.13 | $0.62 | ||
| Q1 24 | $2.57 | $0.53 |
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 | $1.0B | $261.0M |
| 总债务越低越好 | — | $5.0B |
| 股东权益账面价值 | $15.4B | $3.3B |
| 总资产 | $41.2B | $11.8B |
| 负债/权益比越低杠杆越低 | — | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资APDGPK
| Q4 25 | $1.0B | $261.0M | ||
| Q3 25 | $1.9B | $120.0M | ||
| Q2 25 | $2.3B | $120.0M | ||
| Q1 25 | $1.6B | $129.0M | ||
| Q4 24 | $2.0B | $157.0M | ||
| Q3 24 | $3.0B | $126.0M | ||
| Q2 24 | $2.4B | $125.0M | ||
| Q1 24 | $2.6B | $136.0M |
总债务APDGPK
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.9B |
股东权益APDGPK
| Q4 25 | $15.4B | $3.3B | ||
| Q3 25 | $15.0B | $3.3B | ||
| Q2 25 | $15.5B | $3.2B | ||
| Q1 25 | $14.7B | $3.2B | ||
| Q4 24 | $16.7B | $3.0B | ||
| Q3 24 | $17.0B | $3.0B | ||
| Q2 24 | $15.1B | $2.8B | ||
| Q1 24 | $14.9B | $2.9B |
总资产APDGPK
| Q4 25 | $41.2B | $11.8B | ||
| Q3 25 | $41.1B | $11.9B | ||
| Q2 25 | $41.7B | $11.8B | ||
| Q1 25 | $38.9B | $11.5B | ||
| Q4 24 | $40.0B | $11.1B | ||
| Q3 24 | $39.6B | $11.2B | ||
| Q2 24 | $37.0B | $10.8B | ||
| Q1 24 | $35.9B | $11.3B |
负债/权益比APDGPK
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | — | 1.68× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 1.71× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | 1.73× |
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 | $900.7M | $521.0M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | — |
| 自由现金流率自由现金流/营收 | -11.3% | — |
| 资本支出强度资本支出/营收 | 40.3% | — |
| 现金转化率经营现金流/净利润 | 1.33× | 7.34× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APDGPK
| Q4 25 | $900.7M | $521.0M | ||
| Q3 25 | — | $227.0M | ||
| Q2 25 | $855.8M | $267.0M | ||
| Q1 25 | $328.1M | $-174.0M | ||
| Q4 24 | $811.7M | $489.0M | ||
| Q3 24 | — | $187.0M | ||
| Q2 24 | $1.3B | $161.0M | ||
| Q1 24 | $801.7M | $3.0M |
自由现金流APDGPK
| Q4 25 | $-350.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-640.0M | — | ||
| Q1 25 | $-1.6B | — | ||
| Q4 24 | $-1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-345.2M | — | ||
| Q1 24 | $-867.7M | — |
自由现金流率APDGPK
| Q4 25 | -11.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -21.2% | — | ||
| Q1 25 | -53.6% | — | ||
| Q4 24 | -44.5% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -11.6% | — | ||
| Q1 24 | -29.6% | — |
资本支出强度APDGPK
| Q4 25 | 40.3% | — | ||
| Q3 25 | 47.9% | — | ||
| Q2 25 | 49.5% | — | ||
| Q1 25 | 64.9% | — | ||
| Q4 24 | 72.2% | — | ||
| Q3 24 | 65.1% | — | ||
| Q2 24 | 53.8% | — | ||
| Q1 24 | 57.0% | — |
现金转化率APDGPK
| Q4 25 | 1.33× | 7.34× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | 1.20× | 2.57× | ||
| Q1 25 | — | -1.37× | ||
| Q4 24 | 1.31× | 3.54× | ||
| Q3 24 | — | 1.13× | ||
| Q2 24 | 1.81× | 0.85× | ||
| Q1 24 | 1.40× | 0.02× |
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
APD
| Other | $1.6B | 53% |
| Onsite | $783.9M | 25% |
| Merchant | $557.8M | 18% |
| Saleof Equipment | $117.0M | 4% |
GPK
暂无分部数据
