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Athene Holding Ltd.（ATHS）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Athene Holding Ltd.的季度营收约是Smurfit Westrock的1.1倍（$8.1B vs $7.6B），Athene Holding Ltd.净利率更高（6.4% vs 1.3%，领先5.2%），Athene Holding Ltd.同比增速更快（115.1% vs 0.5%），过去两年Smurfit Westrock的营收复合增速更高（60.8% vs 19.2%）
Athene Holding Ltd.是一家领先的退休服务提供商，主要面向美国市场的个人消费者及机构客户提供固定年金、指数年金、可变年金及定制退休储蓄解决方案，帮助客户实现退休后的长期财务稳定。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
ATHS vs SW — 直观对比
营收规模更大
ATHS
是对方的1.1倍
$7.6B
营收增速更快
ATHS
高出114.5%
0.5%
净利率更高
ATHS
高出5.2%
1.3%
两年增速更快
SW
近两年复合增速
19.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.1B | $7.6B |
| 净利润 | $523.0M | $97.0M |
| 毛利率 | — | 18.2% |
| 营业利润率 | 16.9% | 5.1% |
| 净利率 | 6.4% | 1.3% |
| 营收同比 | 115.1% | 0.5% |
| 净利润同比 | -48.5% | -33.6% |
| 每股收益（稀释后） | — | $0.18 |
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ATHSSW
| Q4 25 | $8.1B | $7.6B | ||
| Q3 25 | $8.0B | $8.0B | ||
| Q2 25 | $5.4B | $7.9B | ||
| Q1 25 | $4.2B | $7.7B | ||
| Q4 24 | $3.8B | $7.5B | ||
| Q3 24 | $6.5B | $7.7B | ||
| Q2 24 | $4.7B | $3.0B | ||
| Q1 24 | $5.7B | $2.9B |
净利润ATHSSW
| Q4 25 | $523.0M | $97.0M | ||
| Q3 25 | $1.3B | $246.0M | ||
| Q2 25 | $464.0M | $-28.0M | ||
| Q1 25 | $465.0M | $384.0M | ||
| Q4 24 | $1.0B | $146.0M | ||
| Q3 24 | $625.0M | $-150.0M | ||
| Q2 24 | $629.0M | $132.0M | ||
| Q1 24 | $1.2B | $191.0M |
毛利率ATHSSW
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% | ||
| Q1 24 | — | 24.2% |
营业利润率ATHSSW
| Q4 25 | 16.9% | 5.1% | ||
| Q3 25 | 26.8% | 6.6% | ||
| Q2 25 | 12.2% | 3.2% | ||
| Q1 25 | 22.3% | 7.2% | ||
| Q4 24 | 30.4% | 5.3% | ||
| Q3 24 | 25.7% | 0.7% | ||
| Q2 24 | 22.0% | 8.2% | ||
| Q1 24 | 31.1% | 10.5% |
净利率ATHSSW
| Q4 25 | 6.4% | 1.3% | ||
| Q3 25 | 15.7% | 3.1% | ||
| Q2 25 | 8.7% | -0.4% | ||
| Q1 25 | 11.1% | 5.0% | ||
| Q4 24 | 26.8% | 1.9% | ||
| Q3 24 | 9.6% | -2.0% | ||
| Q2 24 | 13.5% | 4.4% | ||
| Q1 24 | 20.8% | 6.5% |
每股收益（稀释后）ATHSSW
| Q4 25 | — | $0.18 | ||
| Q3 25 | — | $0.47 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $0.73 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | — | $-0.30 | ||
| Q2 24 | — | $0.51 | ||
| Q1 24 | — | $0.73 |
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 | — | $892.0M |
| 总债务越低越好 | $7.8B | $13.4B |
| 股东权益账面价值 | $20.5B | $18.3B |
| 总资产 | $442.2B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.38× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资ATHSSW
| Q4 25 | — | $892.0M | ||
| Q3 25 | — | $851.0M | ||
| Q2 25 | — | $778.0M | ||
| Q1 25 | — | $797.0M | ||
| Q4 24 | — | $855.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $26.8K | ||
| Q1 24 | $15.3B | $108 |
总债务ATHSSW
| Q4 25 | $7.8B | $13.4B | ||
| Q3 25 | $7.9B | $13.3B | ||
| Q2 25 | $7.9B | $13.3B | ||
| Q1 25 | $6.3B | $12.9B | ||
| Q4 24 | $6.3B | $12.5B | ||
| Q3 24 | $5.7B | $13.2B | ||
| Q2 24 | $5.7B | — | ||
| Q1 24 | $5.7B | — |
股东权益ATHSSW
| Q4 25 | $20.5B | $18.3B | ||
| Q3 25 | $20.4B | $18.4B | ||
| Q2 25 | $18.1B | $18.3B | ||
| Q1 25 | $17.5B | $17.9B | ||
| Q4 24 | $16.4B | $17.4B | ||
| Q3 24 | $17.4B | $18.0B | ||
| Q2 24 | $15.0B | $14.5K | ||
| Q1 24 | $14.8B | $108 |
总资产ATHSSW
| Q4 25 | $442.2B | $45.2B | ||
| Q3 25 | $429.9B | $45.6B | ||
| Q2 25 | $405.3B | $45.7B | ||
| Q1 25 | $381.5B | $44.6B | ||
| Q4 24 | $363.3B | $43.8B | ||
| Q3 24 | $355.0B | $45.0B | ||
| Q2 24 | $332.6B | $26.8K | ||
| Q1 24 | $320.6B | $108 |
负债/权益比ATHSSW
| Q4 25 | 0.38× | 0.73× | ||
| Q3 25 | 0.38× | 0.72× | ||
| Q2 25 | 0.43× | 0.73× | ||
| Q1 25 | 0.36× | 0.72× | ||
| Q4 24 | 0.39× | 0.72× | ||
| Q3 24 | 0.33× | 0.73× | ||
| Q2 24 | 0.38× | — | ||
| Q1 24 | 0.39× | — |
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 | $3.0B | $1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $612.0M |
| 自由现金流率自由现金流/营收 | — | 8.1% |
| 资本支出强度资本支出/营收 | — | 7.7% |
| 现金转化率经营现金流/净利润 | 5.82× | 12.32× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流ATHSSW
| Q4 25 | $3.0B | $1.2B | ||
| Q3 25 | $636.0M | $1.1B | ||
| Q2 25 | $1.1B | $829.0M | ||
| Q1 25 | $426.0M | $235.0M | ||
| Q4 24 | $386.0M | $781.0M | ||
| Q3 24 | $780.0M | $320.0M | ||
| Q2 24 | $525.0M | $340.0M | ||
| Q1 24 | $185.0M | $42.0M |
自由现金流ATHSSW
| Q4 25 | — | $612.0M | ||
| Q3 25 | — | $523.0M | ||
| Q2 25 | — | $307.0M | ||
| Q1 25 | — | $-242.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | — | $-192.0M | ||
| Q2 24 | — | $163.0M | ||
| Q1 24 | — | $-166.0M |
自由现金流率ATHSSW
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | -2.5% | ||
| Q2 24 | — | 5.5% | ||
| Q1 24 | — | -5.7% |
资本支出强度ATHSSW
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 6.0% | ||
| Q1 24 | — | 7.1% |
现金转化率ATHSSW
| Q4 25 | 5.82× | 12.32× | ||
| Q3 25 | 0.51× | 4.61× | ||
| Q2 25 | 2.28× | — | ||
| Q1 25 | 0.92× | 0.61× | ||
| Q4 24 | 0.38× | 5.35× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 0.83× | 2.58× | ||
| Q1 24 | 0.16× | 0.22× |
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
ATHS
暂无分部数据
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
