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波尔公司（BALL）与联合太平洋（UNP）财务数据对比。点击上方公司名可切换其他公司
联合太平洋的季度营收约是波尔公司的1.9倍（$6.2B vs $3.3B），联合太平洋净利率更高（27.4% vs 6.0%，领先21.4%），波尔公司同比增速更快（16.2% vs 3.2%），波尔公司自由现金流更多（$1.0B vs $631.0M），过去两年波尔公司的营收复合增速更高（7.9% vs 1.7%）
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。
联合太平洋是美国一级货运铁路运营商，共运营8300台机车，线路总长超5.18万公里，覆盖芝加哥、新奥尔良以西的23个美国州，是全美规模仅次于BNSF的第二大铁路企业。
BALL vs UNP — 直观对比
营收规模更大
UNP
是对方的1.9倍
$3.3B
营收增速更快
BALL
高出13.1%
3.2%
净利率更高
UNP
高出21.4%
6.0%
自由现金流更多
BALL
多$410.0M
$631.0M
两年增速更快
BALL
近两年复合增速
1.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $6.2B |
| 净利润 | $200.0M | $1.7B |
| 毛利率 | — | — |
| 营业利润率 | 7.2% | 39.5% |
| 净利率 | 6.0% | 27.4% |
| 营收同比 | 16.2% | 3.2% |
| 净利润同比 | 766.7% | 4.6% |
| 每股收益（稀释后） | $0.73 | $2.87 |
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BALLUNP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $3.3B | $6.1B | ||
| Q3 25 | $3.4B | $6.2B | ||
| Q2 25 | $3.3B | $6.2B | ||
| Q1 25 | $3.1B | $6.0B | ||
| Q4 24 | $2.9B | $6.1B | ||
| Q3 24 | $3.1B | $6.1B | ||
| Q2 24 | $3.0B | $6.0B |
净利润BALLUNP
| Q1 26 | — | $1.7B | ||
| Q4 25 | $200.0M | $1.8B | ||
| Q3 25 | $321.0M | $1.8B | ||
| Q2 25 | $215.0M | $1.9B | ||
| Q1 25 | $179.0M | $1.6B | ||
| Q4 24 | $-30.0M | $1.8B | ||
| Q3 24 | $199.0M | $1.7B | ||
| Q2 24 | $159.0M | $1.7B |
毛利率BALLUNP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.7% | — | ||
| Q2 24 | 16.5% | — |
营业利润率BALLUNP
| Q1 26 | — | 39.5% | ||
| Q4 25 | 7.2% | 39.5% | ||
| Q3 25 | 11.6% | 40.8% | ||
| Q2 25 | 8.0% | 41.0% | ||
| Q1 25 | 7.4% | 39.3% | ||
| Q4 24 | 0.2% | 41.3% | ||
| Q3 24 | 7.4% | 39.7% | ||
| Q2 24 | 6.8% | 40.0% |
净利率BALLUNP
| Q1 26 | — | 27.4% | ||
| Q4 25 | 6.0% | 30.4% | ||
| Q3 25 | 9.5% | 28.6% | ||
| Q2 25 | 6.4% | 30.5% | ||
| Q1 25 | 5.8% | 27.0% | ||
| Q4 24 | -1.0% | 28.8% | ||
| Q3 24 | 6.5% | 27.4% | ||
| Q2 24 | 5.4% | 27.9% |
每股收益（稀释后）BALLUNP
| Q1 26 | — | $2.87 | ||
| Q4 25 | $0.73 | $3.12 | ||
| Q3 25 | $1.18 | $3.01 | ||
| Q2 25 | $0.76 | $3.15 | ||
| Q1 25 | $0.63 | $2.70 | ||
| Q4 24 | $0.23 | $2.91 | ||
| Q3 24 | $0.65 | $2.75 | ||
| Q2 24 | $0.51 | $2.74 |
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 | $735.0M |
| 总债务越低越好 | $7.0B | — |
| 股东权益账面价值 | $5.4B | — |
| 总资产 | $19.5B | $69.6B |
| 负债/权益比越低杠杆越低 | 1.29× | — |
8季度趋势，按日历期对齐
现金及短期投资BALLUNP
| Q1 26 | — | $735.0M | ||
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $568.0M | $808.0M | ||
| Q2 25 | $296.0M | $1.1B | ||
| Q1 25 | $449.0M | $1.4B | ||
| Q4 24 | $885.0M | $1.0B | ||
| Q3 24 | $1.4B | $947.0M | ||
| Q2 24 | $1.3B | $1.1B |
总债务BALLUNP
| Q1 26 | — | — | ||
| Q4 25 | $7.0B | $30.3B | ||
| Q3 25 | $6.9B | $30.3B | ||
| Q2 25 | $6.5B | $30.3B | ||
| Q1 25 | $6.1B | $30.6B | ||
| Q4 24 | $5.3B | $29.8B | ||
| Q3 24 | $5.4B | $29.8B | ||
| Q2 24 | $5.5B | $31.2B |
股东权益BALLUNP
| Q1 26 | — | — | ||
| Q4 25 | $5.4B | $18.5B | ||
| Q3 25 | $5.4B | $17.3B | ||
| Q2 25 | $5.2B | $16.3B | ||
| Q1 25 | $5.5B | $16.0B | ||
| Q4 24 | $5.9B | $16.9B | ||
| Q3 24 | $6.7B | $16.6B | ||
| Q2 24 | $6.9B | $16.5B |
总资产BALLUNP
| Q1 26 | — | $69.6B | ||
| Q4 25 | $19.5B | $69.7B | ||
| Q3 25 | $18.7B | $68.6B | ||
| Q2 25 | $18.6B | $68.6B | ||
| Q1 25 | $18.0B | $68.5B | ||
| Q4 24 | $17.6B | $67.7B | ||
| Q3 24 | $18.8B | $67.6B | ||
| Q2 24 | $19.0B | $67.8B |
负债/权益比BALLUNP
| Q1 26 | — | — | ||
| Q4 25 | 1.29× | 1.64× | ||
| Q3 25 | 1.26× | 1.75× | ||
| Q2 25 | 1.24× | 1.86× | ||
| Q1 25 | 1.12× | 1.91× | ||
| Q4 24 | 0.91× | 1.76× | ||
| Q3 24 | 0.80× | 1.79× | ||
| Q2 24 | 0.80× | 1.89× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $631.0M |
| 自由现金流率自由现金流/营收 | 31.1% | 10.1% |
| 资本支出强度资本支出/营收 | 5.1% | — |
| 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 | $4.8B |
8季度趋势，按日历期对齐
经营现金流BALLUNP
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $384.0M | $2.5B | ||
| Q2 25 | $332.0M | $2.3B | ||
| Q1 25 | $-665.0M | $2.2B | ||
| Q4 24 | $500.0M | $2.7B | ||
| Q3 24 | $610.0M | $2.7B | ||
| Q2 24 | $252.0M | $1.9B |
自由现金流BALLUNP
| Q1 26 | — | $631.0M | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $257.0M | $1.6B | ||
| Q2 25 | $236.0M | $1.4B | ||
| Q1 25 | $-746.0M | $1.3B | ||
| Q4 24 | $393.0M | $1.7B | ||
| Q3 24 | $493.0M | $1.8B | ||
| Q2 24 | $146.0M | $1.0B |
自由现金流率BALLUNP
| Q1 26 | — | 10.1% | ||
| Q4 25 | 31.1% | 20.1% | ||
| Q3 25 | 7.6% | 25.2% | ||
| Q2 25 | 7.1% | 22.7% | ||
| Q1 25 | -24.1% | 21.6% | ||
| Q4 24 | 13.6% | 28.4% | ||
| Q3 24 | 16.0% | 29.9% | ||
| Q2 24 | 4.9% | 16.8% |
资本支出强度BALLUNP
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 16.4% | ||
| Q3 25 | 3.8% | 15.2% | ||
| Q2 25 | 2.9% | 15.2% | ||
| Q1 25 | 2.6% | 15.0% | ||
| Q4 24 | 3.7% | 15.1% | ||
| Q3 24 | 3.8% | 13.6% | ||
| Q2 24 | 3.6% | 15.0% |
现金转化率BALLUNP
| Q1 26 | — | — | ||
| Q4 25 | 6.05× | 1.20× | ||
| Q3 25 | 1.20× | 1.41× | ||
| Q2 25 | 1.54× | 1.24× | ||
| Q1 25 | -3.72× | 1.36× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | 3.07× | 1.59× | ||
| Q2 24 | 1.58× | 1.14× |
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% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
