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艾利丹尼森（AVY）与美世（MERC）财务数据对比。点击上方公司名可切换其他公司
艾利丹尼森的季度营收约是美世的5.1倍（$2.3B vs $449.5M）。艾利丹尼森净利率更高（7.3% vs -68.7%，领先76.0%）。艾利丹尼森同比增速更快（3.9% vs -8.0%）。艾利丹尼森自由现金流更多（$309.7M vs $32.0M）。过去两年艾利丹尼森的营收复合增速更高（2.7% vs -9.9%）
艾利丹尼森是总部位于美国俄亥俄州门托市的财富500强跨国企业，专业从事压敏胶材料、服装品牌标签吊牌、RFID嵌体及特种医疗产品的生产与分销，业务覆盖全球多个主要市场。
美世是1945年成立的美国咨询公司，为全球专业服务集团威达信的四大运营子公司之一，总部位于纽约，在43个国家设有办事处，业务覆盖130个国家，主要为客户提供人力资源与金融咨询服务。
AVY vs MERC — 直观对比
营收规模更大
AVY
是对方的5.1倍
$449.5M
营收增速更快
AVY
高出11.9%
-8.0%
净利率更高
AVY
高出76.0%
-68.7%
自由现金流更多
AVY
多$277.7M
$32.0M
两年增速更快
AVY
近两年复合增速
-9.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $449.5M |
| 净利润 | $166.4M | $-308.7M |
| 毛利率 | 28.7% | — |
| 营业利润率 | 9.1% | -62.0% |
| 净利率 | 7.3% | -68.7% |
| 营收同比 | 3.9% | -8.0% |
| 净利润同比 | -4.4% | -1947.7% |
| 每股收益（稀释后） | $2.16 | $-4.61 |
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AVYMERC
| Q4 25 | $2.3B | $449.5M | ||
| Q3 25 | $2.2B | $458.1M | ||
| Q2 25 | $2.2B | $453.5M | ||
| Q1 25 | $2.1B | $507.0M | ||
| Q4 24 | $2.2B | $488.4M | ||
| Q3 24 | $2.2B | $502.1M | ||
| Q2 24 | $2.2B | $499.4M | ||
| Q1 24 | $2.2B | $553.4M |
净利润AVYMERC
| Q4 25 | $166.4M | $-308.7M | ||
| Q3 25 | $166.3M | $-80.8M | ||
| Q2 25 | $189.0M | $-86.1M | ||
| Q1 25 | $166.3M | $-22.3M | ||
| Q4 24 | $174.0M | $16.7M | ||
| Q3 24 | $181.7M | $-17.6M | ||
| Q2 24 | $176.8M | $-67.6M | ||
| Q1 24 | $172.4M | $-16.7M |
毛利率AVYMERC
| Q4 25 | 28.7% | — | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 29.6% | — | ||
| Q1 24 | 29.4% | — |
营业利润率AVYMERC
| Q4 25 | 9.1% | -62.0% | ||
| Q3 25 | 10.6% | -14.8% | ||
| Q2 25 | 11.5% | -12.9% | ||
| Q1 25 | 10.6% | 1.3% | ||
| Q4 24 | 11.0% | 10.3% | ||
| Q3 24 | 11.0% | 1.8% | ||
| Q2 24 | 10.7% | -8.8% | ||
| Q1 24 | 10.9% | -0.1% |
净利率AVYMERC
| Q4 25 | 7.3% | -68.7% | ||
| Q3 25 | 7.5% | -17.6% | ||
| Q2 25 | 8.5% | -19.0% | ||
| Q1 25 | 7.7% | -4.4% | ||
| Q4 24 | 8.0% | 3.4% | ||
| Q3 24 | 8.3% | -3.5% | ||
| Q2 24 | 7.9% | -13.5% | ||
| Q1 24 | 8.0% | -3.0% |
每股收益（稀释后）AVYMERC
| Q4 25 | $2.16 | $-4.61 | ||
| Q3 25 | $2.13 | $-1.21 | ||
| Q2 25 | $2.41 | $-1.29 | ||
| Q1 25 | $2.09 | $-0.33 | ||
| Q4 24 | $2.17 | $0.25 | ||
| Q3 24 | $2.25 | $-0.26 | ||
| Q2 24 | $2.18 | $-1.01 | ||
| Q1 24 | $2.13 | $-0.25 |
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 | $202.8M | $186.8M |
| 总债务越低越好 | $3.2B | $1.6B |
| 股东权益账面价值 | $2.2B | $68.1M |
| 总资产 | $8.8B | $2.0B |
| 负债/权益比越低杠杆越低 | 1.43× | 23.58× |
8季度趋势，按日历期对齐
现金及短期投资AVYMERC
| Q4 25 | $202.8M | $186.8M | ||
| Q3 25 | $536.3M | $98.1M | ||
| Q2 25 | $215.9M | $146.5M | ||
| Q1 25 | $195.9M | $181.5M | ||
| Q4 24 | $329.1M | $184.9M | ||
| Q3 24 | $212.7M | $239.0M | ||
| Q2 24 | $208.8M | $263.2M | ||
| Q1 24 | $185.7M | $274.3M |
总债务AVYMERC
| Q4 25 | $3.2B | $1.6B | ||
| Q3 25 | $3.2B | $1.5B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.6B | $1.5B | ||
| Q4 24 | $2.6B | $1.5B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $2.0B | $1.6B | ||
| Q1 24 | $2.1B | $1.6B |
股东权益AVYMERC
| Q4 25 | $2.2B | $68.1M | ||
| Q3 25 | $2.2B | $359.5M | ||
| Q2 25 | $2.2B | $446.5M | ||
| Q1 25 | $2.2B | $437.4M | ||
| Q4 24 | $2.3B | $429.8M | ||
| Q3 24 | $2.4B | $516.8M | ||
| Q2 24 | $2.3B | $487.7M | ||
| Q1 24 | $2.2B | $573.6M |
总资产AVYMERC
| Q4 25 | $8.8B | $2.0B | ||
| Q3 25 | $8.9B | $2.3B | ||
| Q2 25 | $8.6B | $2.4B | ||
| Q1 25 | $8.4B | $2.3B | ||
| Q4 24 | $8.4B | $2.3B | ||
| Q3 24 | $8.5B | $2.5B | ||
| Q2 24 | $8.3B | $2.5B | ||
| Q1 24 | $8.3B | $2.6B |
负债/权益比AVYMERC
| Q4 25 | 1.43× | 23.58× | ||
| Q3 25 | 1.45× | 4.30× | ||
| Q2 25 | 1.19× | 3.42× | ||
| Q1 25 | 1.19× | 3.44× | ||
| Q4 24 | 1.11× | 3.43× | ||
| Q3 24 | 0.85× | 3.09× | ||
| Q2 24 | 0.89× | 3.22× | ||
| Q1 24 | 0.94× | 2.82× |
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 | $376.8M | $46.2M |
| 自由现金流经营现金流 - 资本支出 | $309.7M | $32.0M |
| 自由现金流率自由现金流/营收 | 13.6% | 7.1% |
| 资本支出强度资本支出/营收 | 3.0% | 3.1% |
| 现金转化率经营现金流/净利润 | 2.26× | — |
| 过去12个月自由现金流最近4个季度 | $712.4M | $-80.0M |
8季度趋势，按日历期对齐
经营现金流AVYMERC
| Q4 25 | $376.8M | $46.2M | ||
| Q3 25 | $312.1M | $-30.1M | ||
| Q2 25 | $208.8M | $-4.5M | ||
| Q1 25 | $-16.3M | $-3.0M | ||
| Q4 24 | $351.2M | $71.2M | ||
| Q3 24 | $270.1M | $-13.9M | ||
| Q2 24 | $197.7M | $62.2M | ||
| Q1 24 | $119.8M | $-29.2M |
自由现金流AVYMERC
| Q4 25 | $309.7M | $32.0M | ||
| Q3 25 | $276.2M | $-60.1M | ||
| Q2 25 | $178.8M | $-28.9M | ||
| Q1 25 | $-52.3M | $-23.1M | ||
| Q4 24 | $281.7M | $50.4M | ||
| Q3 24 | $227.1M | $-41.2M | ||
| Q2 24 | $150.2M | $44.3M | ||
| Q1 24 | $71.0M | $-47.7M |
自由现金流率AVYMERC
| Q4 25 | 13.6% | 7.1% | ||
| Q3 25 | 12.5% | -13.1% | ||
| Q2 25 | 8.1% | -6.4% | ||
| Q1 25 | -2.4% | -4.6% | ||
| Q4 24 | 12.9% | 10.3% | ||
| Q3 24 | 10.4% | -8.2% | ||
| Q2 24 | 6.7% | 8.9% | ||
| Q1 24 | 3.3% | -8.6% |
资本支出强度AVYMERC
| Q4 25 | 3.0% | 3.1% | ||
| Q3 25 | 1.6% | 6.6% | ||
| Q2 25 | 1.4% | 5.4% | ||
| Q1 25 | 1.7% | 4.0% | ||
| Q4 24 | 3.2% | 4.2% | ||
| Q3 24 | 2.0% | 5.4% | ||
| Q2 24 | 2.1% | 3.6% | ||
| Q1 24 | 2.3% | 3.3% |
现金转化率AVYMERC
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.88× | — | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | -0.10× | — | ||
| Q4 24 | 2.02× | 4.26× | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.12× | — | ||
| Q1 24 | 0.69× | — |
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
AVY
| Other | $1.1B | 47% |
| Materials Group Segment | $475.0M | 21% |
| Apparel And Other | $460.8M | 20% |
| Identification Solutions And Vestcom | $263.4M | 12% |
MERC
| Other | $215.3M | 48% |
| Solid Wood | $110.2M | 25% |
| Lumber | $54.9M | 12% |
| Pallets | $23.7M | 5% |
| Energyandchemicals | $18.7M | 4% |
| Manufactured Products | $14.1M | 3% |
| Biofuels | $10.0M | 2% |
| Wood Residuals | $2.6M | 1% |
