vs
安富利（AVT）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
安富利的季度营收约是国际纸业的1.2倍（$7.1B vs $6.0B），安富利净利率更高（1.3% vs 1.0%，领先0.3%），安富利同比增速更快（12.7% vs -0.6%），过去两年安富利的营收复合增速更高（12.7% vs 12.3%）
安富利是全球知名的电子元器件分销商，总部位于美国亚利桑那州凤凰城，由查尔斯·安富利于1921年创立，最初起步于曼哈顿无线电街。1955年公司正式注册成立，1961年在纽约证券交易所上市，2018年5月8日转至纳斯达克挂牌交易，股票代码仍为AVT。
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。
AVT vs IP — 直观对比
营收规模更大
AVT
是对方的1.2倍
$6.0B
营收增速更快
AVT
高出13.3%
-0.6%
净利率更高
AVT
高出0.3%
1.0%
两年增速更快
AVT
近两年复合增速
12.3%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $6.0B |
| 净利润 | $94.3M | $60.0M |
| 毛利率 | 10.4% | — |
| 营业利润率 | 2.9% | — |
| 净利率 | 1.3% | 1.0% |
| 营收同比 | 12.7% | -0.6% |
| 净利润同比 | -59.7% | 157.1% |
| 每股收益（稀释后） | $1.14 | $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AVTIP
| Q3 26 | $7.1B | — | ||
| Q1 26 | — | $6.0B | ||
| Q4 25 | $6.3B | $4.7B | ||
| Q3 25 | $5.9B | $6.2B | ||
| Q2 25 | $5.6B | $6.8B | ||
| Q1 25 | $5.3B | $5.9B | ||
| Q4 24 | $5.7B | $4.6B | ||
| Q3 24 | $5.6B | $4.7B |
净利润AVTIP
| Q3 26 | $94.3M | — | ||
| Q1 26 | — | $60.0M | ||
| Q4 25 | $61.7M | $-2.4B | ||
| Q3 25 | $51.7M | $-1.1B | ||
| Q2 25 | $6.1M | $75.0M | ||
| Q1 25 | $87.9M | $-105.0M | ||
| Q4 24 | $87.3M | $-147.0M | ||
| Q3 24 | $59.0M | $150.0M |
毛利率AVTIP
| Q3 26 | 10.4% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 10.5% | 32.2% | ||
| Q3 25 | 10.4% | 31.1% | ||
| Q2 25 | 10.6% | 27.9% | ||
| Q1 25 | 11.1% | 27.8% | ||
| Q4 24 | 10.5% | 29.0% | ||
| Q3 24 | 10.8% | 28.7% |
营业利润率AVTIP
| Q3 26 | 2.9% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | -56.4% | ||
| Q3 25 | 2.4% | -10.8% | ||
| Q2 25 | 1.3% | 1.7% | ||
| Q1 25 | 2.7% | -2.3% | ||
| Q4 24 | 2.7% | -4.9% | ||
| Q3 24 | 2.5% | 5.1% |
净利率AVTIP
| Q3 26 | 1.3% | — | ||
| Q1 26 | — | 1.0% | ||
| Q4 25 | 1.0% | -50.3% | ||
| Q3 25 | 0.9% | -17.7% | ||
| Q2 25 | 0.1% | 1.1% | ||
| Q1 25 | 1.7% | -1.8% | ||
| Q4 24 | 1.5% | -3.2% | ||
| Q3 24 | 1.1% | 3.2% |
每股收益（稀释后）AVTIP
| Q3 26 | $1.14 | — | ||
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.75 | $-4.76 | ||
| Q3 25 | $0.61 | $-2.09 | ||
| Q2 25 | $0.09 | $0.14 | ||
| Q1 25 | $1.01 | $-0.24 | ||
| Q4 24 | $0.99 | $-0.42 | ||
| Q3 24 | $0.66 | $0.42 |
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 | $202.4M | — |
| 总债务越低越好 | $2.9B | $8.2B |
| 股东权益账面价值 | $5.0B | $14.8B |
| 总资产 | $13.5B | $36.4B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资AVTIP
| Q3 26 | $202.4M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $286.5M | $1.1B | ||
| Q3 25 | $175.5M | $995.0M | ||
| Q2 25 | $192.4M | $1.1B | ||
| Q1 25 | $188.9M | $1.2B | ||
| Q4 24 | $172.1M | $1.2B | ||
| Q3 24 | $267.5M | $1.2B |
总债务AVTIP
| Q3 26 | $2.9B | — | ||
| Q1 26 | — | $8.2B | ||
| Q4 25 | — | $8.8B | ||
| Q3 25 | — | $9.0B | ||
| Q2 25 | — | $9.7B | ||
| Q1 25 | — | $9.2B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $5.3B |
股东权益AVTIP
| Q3 26 | $5.0B | — | ||
| Q1 26 | — | $14.8B | ||
| Q4 25 | $4.9B | $14.8B | ||
| Q3 25 | $4.8B | $17.3B | ||
| Q2 25 | $5.0B | $18.6B | ||
| Q1 25 | $4.9B | $18.1B | ||
| Q4 24 | $4.8B | $8.2B | ||
| Q3 24 | $5.0B | $8.6B |
总资产AVTIP
| Q3 26 | $13.5B | — | ||
| Q1 26 | — | $36.4B | ||
| Q4 25 | $13.2B | $38.0B | ||
| Q3 25 | $12.4B | $40.6B | ||
| Q2 25 | $12.1B | $42.4B | ||
| Q1 25 | $11.7B | $41.2B | ||
| Q4 24 | $11.9B | $22.8B | ||
| Q3 24 | $12.6B | $23.2B |
负债/权益比AVTIP
| Q3 26 | 0.59× | — | ||
| Q1 26 | — | 0.55× | ||
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.66× | ||
| Q3 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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $94.0M |
| 自由现金流率自由现金流/营收 | — | 1.6% |
| 资本支出强度资本支出/营收 | — | 8.7% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $553.0M |
8季度趋势，按日历期对齐
经营现金流AVTIP
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $208.2M | $905.0M | ||
| Q3 25 | $-144.6M | $605.0M | ||
| Q2 25 | $139.5M | $476.0M | ||
| Q1 25 | $140.9M | $-288.0M | ||
| Q4 24 | $337.8M | $397.0M | ||
| Q3 24 | $106.3M | $521.0M |
自由现金流AVTIP
| Q3 26 | — | — | ||
| Q1 26 | — | $94.0M | ||
| Q4 25 | $192.9M | $255.0M | ||
| Q3 25 | $-169.2M | $150.0M | ||
| Q2 25 | $79.9M | $54.0M | ||
| Q1 25 | $114.1M | $-618.0M | ||
| Q4 24 | $308.5M | $137.0M | ||
| Q3 24 | $74.5M | $309.0M |
自由现金流率AVTIP
| Q3 26 | — | — | ||
| Q1 26 | — | 1.6% | ||
| Q4 25 | 3.1% | 5.4% | ||
| Q3 25 | -2.9% | 2.4% | ||
| Q2 25 | 1.4% | 0.8% | ||
| Q1 25 | 2.1% | -10.5% | ||
| Q4 24 | 5.4% | 3.0% | ||
| Q3 24 | 1.3% | 6.6% |
资本支出强度AVTIP
| Q3 26 | — | — | ||
| Q1 26 | — | 8.7% | ||
| Q4 25 | 0.2% | 13.7% | ||
| Q3 25 | 0.4% | 7.3% | ||
| Q2 25 | 1.1% | 6.2% | ||
| Q1 25 | 0.5% | 5.6% | ||
| Q4 24 | 0.5% | 5.7% | ||
| Q3 24 | 0.6% | 4.5% |
现金转化率AVTIP
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 3.37× | — | ||
| Q3 25 | -2.79× | — | ||
| Q2 25 | 22.91× | 6.35× | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 3.87× | — | ||
| Q3 24 | 1.80× | 3.47× |
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
AVT
| Electronic Components | $6.7B | 94% |
| Farnell | $454.7M | 6% |
IP
| Packaging Solutions North America | $3.6B | 61% |
| Packaging Solutions EMEA | $2.3B | 39% |
| Corporate and Inter-segment Sales | $22.0M | 0% |
