vs
波尔公司（BALL）与美世（MERC）财务数据对比。点击上方公司名可切换其他公司
波尔公司的季度营收约是美世的7.4倍（$3.3B vs $449.5M）。波尔公司净利率更高（6.0% vs -68.7%，领先74.7%）。波尔公司同比增速更快（16.2% vs -8.0%）。波尔公司自由现金流更多（$1.0B vs $32.0M）。过去两年波尔公司的营收复合增速更高（7.9% vs -9.9%）
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
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。
BALL vs MERC — 直观对比
营收规模更大
BALL
是对方的7.4倍
$449.5M
营收增速更快
BALL
高出24.2%
-8.0%
净利率更高
BALL
高出74.7%
-68.7%
自由现金流更多
BALL
多$1.0B
$32.0M
两年增速更快
BALL
近两年复合增速
-9.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $449.5M |
| 净利润 | $200.0M | $-308.7M |
| 毛利率 | — | — |
| 营业利润率 | 7.2% | -62.0% |
| 净利率 | 6.0% | -68.7% |
| 营收同比 | 16.2% | -8.0% |
| 净利润同比 | 766.7% | -1947.7% |
| 每股收益（稀释后） | $0.73 | $-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BALLMERC
| Q4 25 | $3.3B | $449.5M | ||
| Q3 25 | $3.4B | $458.1M | ||
| Q2 25 | $3.3B | $453.5M | ||
| Q1 25 | $3.1B | $507.0M | ||
| Q4 24 | $2.9B | $488.4M | ||
| Q3 24 | $3.1B | $502.1M | ||
| Q2 24 | $3.0B | $499.4M | ||
| Q1 24 | $2.9B | $553.4M |
净利润BALLMERC
| Q4 25 | $200.0M | $-308.7M | ||
| Q3 25 | $321.0M | $-80.8M | ||
| Q2 25 | $215.0M | $-86.1M | ||
| Q1 25 | $179.0M | $-22.3M | ||
| Q4 24 | $-30.0M | $16.7M | ||
| Q3 24 | $199.0M | $-17.6M | ||
| Q2 24 | $159.0M | $-67.6M | ||
| Q1 24 | $3.7B | $-16.7M |
毛利率BALLMERC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.7% | — | ||
| Q2 24 | 16.5% | — | ||
| Q1 24 | 16.6% | — |
营业利润率BALLMERC
| Q4 25 | 7.2% | -62.0% | ||
| Q3 25 | 11.6% | -14.8% | ||
| Q2 25 | 8.0% | -12.9% | ||
| Q1 25 | 7.4% | 1.3% | ||
| Q4 24 | 0.2% | 10.3% | ||
| Q3 24 | 7.4% | 1.8% | ||
| Q2 24 | 6.8% | -8.8% | ||
| Q1 24 | 6.8% | -0.1% |
净利率BALLMERC
| Q4 25 | 6.0% | -68.7% | ||
| Q3 25 | 9.5% | -17.6% | ||
| Q2 25 | 6.4% | -19.0% | ||
| Q1 25 | 5.8% | -4.4% | ||
| Q4 24 | -1.0% | 3.4% | ||
| Q3 24 | 6.5% | -3.5% | ||
| Q2 24 | 5.4% | -13.5% | ||
| Q1 24 | 128.3% | -3.0% |
每股收益（稀释后）BALLMERC
| Q4 25 | $0.73 | $-4.61 | ||
| Q3 25 | $1.18 | $-1.21 | ||
| Q2 25 | $0.76 | $-1.29 | ||
| Q1 25 | $0.63 | $-0.33 | ||
| Q4 24 | $0.23 | $0.25 | ||
| Q3 24 | $0.65 | $-0.26 | ||
| Q2 24 | $0.51 | $-1.01 | ||
| Q1 24 | $11.61 | $-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 | $1.2B | $186.8M |
| 总债务越低越好 | $7.0B | $1.6B |
| 股东权益账面价值 | $5.4B | $68.1M |
| 总资产 | $19.5B | $2.0B |
| 负债/权益比越低杠杆越低 | 1.29× | 23.58× |
8季度趋势，按日历期对齐
现金及短期投资BALLMERC
| Q4 25 | $1.2B | $186.8M | ||
| Q3 25 | $568.0M | $98.1M | ||
| Q2 25 | $296.0M | $146.5M | ||
| Q1 25 | $449.0M | $181.5M | ||
| Q4 24 | $885.0M | $184.9M | ||
| Q3 24 | $1.4B | $239.0M | ||
| Q2 24 | $1.3B | $263.2M | ||
| Q1 24 | $1.7B | $274.3M |
总债务BALLMERC
| Q4 25 | $7.0B | $1.6B | ||
| Q3 25 | $6.9B | $1.5B | ||
| Q2 25 | $6.5B | $1.5B | ||
| Q1 25 | $6.1B | $1.5B | ||
| Q4 24 | $5.3B | $1.5B | ||
| Q3 24 | $5.4B | $1.6B | ||
| Q2 24 | $5.5B | $1.6B | ||
| Q1 24 | $5.5B | $1.6B |
股东权益BALLMERC
| Q4 25 | $5.4B | $68.1M | ||
| Q3 25 | $5.4B | $359.5M | ||
| Q2 25 | $5.2B | $446.5M | ||
| Q1 25 | $5.5B | $437.4M | ||
| Q4 24 | $5.9B | $429.8M | ||
| Q3 24 | $6.7B | $516.8M | ||
| Q2 24 | $6.9B | $487.7M | ||
| Q1 24 | $7.3B | $573.6M |
总资产BALLMERC
| Q4 25 | $19.5B | $2.0B | ||
| Q3 25 | $18.7B | $2.3B | ||
| Q2 25 | $18.6B | $2.4B | ||
| Q1 25 | $18.0B | $2.3B | ||
| Q4 24 | $17.6B | $2.3B | ||
| Q3 24 | $18.8B | $2.5B | ||
| Q2 24 | $19.0B | $2.5B | ||
| Q1 24 | $19.9B | $2.6B |
负债/权益比BALLMERC
| Q4 25 | 1.29× | 23.58× | ||
| Q3 25 | 1.26× | 4.30× | ||
| Q2 25 | 1.24× | 3.42× | ||
| Q1 25 | 1.12× | 3.44× | ||
| Q4 24 | 0.91× | 3.43× | ||
| Q3 24 | 0.80× | 3.09× | ||
| Q2 24 | 0.80× | 3.22× | ||
| Q1 24 | 0.76× | 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 | $1.2B | $46.2M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $32.0M |
| 自由现金流率自由现金流/营收 | 31.1% | 7.1% |
| 资本支出强度资本支出/营收 | 5.1% | 3.1% |
| 现金转化率经营现金流/净利润 | 6.05× | — |
| 过去12个月自由现金流最近4个季度 | $788.0M | $-80.0M |
8季度趋势，按日历期对齐
经营现金流BALLMERC
| Q4 25 | $1.2B | $46.2M | ||
| Q3 25 | $384.0M | $-30.1M | ||
| Q2 25 | $332.0M | $-4.5M | ||
| Q1 25 | $-665.0M | $-3.0M | ||
| Q4 24 | $500.0M | $71.2M | ||
| Q3 24 | $610.0M | $-13.9M | ||
| Q2 24 | $252.0M | $62.2M | ||
| Q1 24 | $-1.2B | $-29.2M |
自由现金流BALLMERC
| Q4 25 | $1.0B | $32.0M | ||
| Q3 25 | $257.0M | $-60.1M | ||
| Q2 25 | $236.0M | $-28.9M | ||
| Q1 25 | $-746.0M | $-23.1M | ||
| Q4 24 | $393.0M | $50.4M | ||
| Q3 24 | $493.0M | $-41.2M | ||
| Q2 24 | $146.0M | $44.3M | ||
| Q1 24 | $-1.4B | $-47.7M |
自由现金流率BALLMERC
| Q4 25 | 31.1% | 7.1% | ||
| Q3 25 | 7.6% | -13.1% | ||
| Q2 25 | 7.1% | -6.4% | ||
| Q1 25 | -24.1% | -4.6% | ||
| Q4 24 | 13.6% | 10.3% | ||
| Q3 24 | 16.0% | -8.2% | ||
| Q2 24 | 4.9% | 8.9% | ||
| Q1 24 | -48.7% | -8.6% |
资本支出强度BALLMERC
| Q4 25 | 5.1% | 3.1% | ||
| Q3 25 | 3.8% | 6.6% | ||
| Q2 25 | 2.9% | 5.4% | ||
| Q1 25 | 2.6% | 4.0% | ||
| Q4 24 | 3.7% | 4.2% | ||
| Q3 24 | 3.8% | 5.4% | ||
| Q2 24 | 3.6% | 3.6% | ||
| Q1 24 | 5.4% | 3.3% |
现金转化率BALLMERC
| Q4 25 | 6.05× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.54× | — | ||
| Q1 25 | -3.72× | — | ||
| Q4 24 | — | 4.26× | ||
| Q3 24 | 3.07× | — | ||
| Q2 24 | 1.58× | — | ||
| Q1 24 | -0.34× | — |
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
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
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% |
