vs
波尔公司（BALL）与惠而浦（WHR）财务数据对比。点击上方公司名可切换其他公司
惠而浦的季度营收约是波尔公司的1.2倍（$4.1B vs $3.3B），波尔公司净利率更高（6.0% vs 2.7%，领先3.3%），波尔公司同比增速更快（16.2% vs -0.9%），波尔公司自由现金流更多（$1.0B vs $989.0M），过去两年波尔公司的营收复合增速更高（7.9% vs -4.5%）
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。
惠而浦是总部位于美国密歇根州本顿特许镇的跨国家电研发、生产及销售企业，位列《财富》世界500强。2023年集团年销售额约190亿美元，全球员工规模近5.9万人，在世界各地布局超55座生产及技术研发中心。
BALL vs WHR — 直观对比
营收规模更大
WHR
是对方的1.2倍
$3.3B
营收增速更快
BALL
高出17.1%
-0.9%
净利率更高
BALL
高出3.3%
2.7%
自由现金流更多
BALL
多$52.0M
$989.0M
两年增速更快
BALL
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.1B |
| 净利润 | $200.0M | $109.0M |
| 毛利率 | — | 14.0% |
| 营业利润率 | 7.2% | 6.0% |
| 净利率 | 6.0% | 2.7% |
| 营收同比 | 16.2% | -0.9% |
| 净利润同比 | 766.7% | 127.8% |
| 每股收益（稀释后） | $0.73 | $1.92 |
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BALLWHR
| Q4 25 | $3.3B | $4.1B | ||
| Q3 25 | $3.4B | $4.0B | ||
| Q2 25 | $3.3B | $3.8B | ||
| Q1 25 | $3.1B | $3.6B | ||
| Q4 24 | $2.9B | $4.1B | ||
| Q3 24 | $3.1B | $4.0B | ||
| Q2 24 | $3.0B | $4.0B | ||
| Q1 24 | $2.9B | $4.5B |
净利润BALLWHR
| Q4 25 | $200.0M | $109.0M | ||
| Q3 25 | $321.0M | $73.0M | ||
| Q2 25 | $215.0M | $65.0M | ||
| Q1 25 | $179.0M | $71.0M | ||
| Q4 24 | $-30.0M | $-392.0M | ||
| Q3 24 | $199.0M | $109.0M | ||
| Q2 24 | $159.0M | $219.0M | ||
| Q1 24 | $3.7B | $-259.0M |
毛利率BALLWHR
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 16.2% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 16.2% | ||
| Q3 24 | 17.7% | 16.1% | ||
| Q2 24 | 16.5% | 15.7% | ||
| Q1 24 | 16.6% | 14.3% |
营业利润率BALLWHR
| Q4 25 | 7.2% | 6.0% | ||
| Q3 25 | 11.6% | 5.1% | ||
| Q2 25 | 8.0% | 5.4% | ||
| Q1 25 | 7.4% | 5.1% | ||
| Q4 24 | 0.2% | -3.3% | ||
| Q3 24 | 7.4% | 6.6% | ||
| Q2 24 | 6.8% | 3.3% | ||
| Q1 24 | 6.8% | -2.6% |
净利率BALLWHR
| Q4 25 | 6.0% | 2.7% | ||
| Q3 25 | 9.5% | 1.8% | ||
| Q2 25 | 6.4% | 1.7% | ||
| Q1 25 | 5.8% | 2.0% | ||
| Q4 24 | -1.0% | -9.5% | ||
| Q3 24 | 6.5% | 2.7% | ||
| Q2 24 | 5.4% | 5.5% | ||
| Q1 24 | 128.3% | -5.8% |
每股收益（稀释后）BALLWHR
| Q4 25 | $0.73 | $1.92 | ||
| Q3 25 | $1.18 | $1.29 | ||
| Q2 25 | $0.76 | $1.17 | ||
| Q1 25 | $0.63 | $1.28 | ||
| Q4 24 | $0.23 | $-7.11 | ||
| Q3 24 | $0.65 | $2.00 | ||
| Q2 24 | $0.51 | $3.96 | ||
| Q1 24 | $11.61 | $-4.72 |
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 | $669.0M |
| 总债务越低越好 | $7.0B | $6.2B |
| 股东权益账面价值 | $5.4B | $2.7B |
| 总资产 | $19.5B | $16.0B |
| 负债/权益比越低杠杆越低 | 1.29× | 2.26× |
8季度趋势，按日历期对齐
现金及短期投资BALLWHR
| Q4 25 | $1.2B | $669.0M | ||
| Q3 25 | $568.0M | $934.0M | ||
| Q2 25 | $296.0M | $1.1B | ||
| Q1 25 | $449.0M | $1.0B | ||
| Q4 24 | $885.0M | $1.3B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.7B | $1.2B |
总债务BALLWHR
| Q4 25 | $7.0B | $6.2B | ||
| Q3 25 | $6.9B | — | ||
| Q2 25 | $6.5B | — | ||
| Q1 25 | $6.1B | — | ||
| Q4 24 | $5.3B | $6.6B | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $5.5B | — |
股东权益BALLWHR
| Q4 25 | $5.4B | $2.7B | ||
| Q3 25 | $5.4B | $2.6B | ||
| Q2 25 | $5.2B | $2.6B | ||
| Q1 25 | $5.5B | $2.6B | ||
| Q4 24 | $5.9B | $2.7B | ||
| Q3 24 | $6.7B | $3.0B | ||
| Q2 24 | $6.9B | $3.1B | ||
| Q1 24 | $7.3B | $2.4B |
总资产BALLWHR
| Q4 25 | $19.5B | $16.0B | ||
| Q3 25 | $18.7B | $16.9B | ||
| Q2 25 | $18.6B | $16.8B | ||
| Q1 25 | $18.0B | $16.5B | ||
| Q4 24 | $17.6B | $16.3B | ||
| Q3 24 | $18.8B | $17.2B | ||
| Q2 24 | $19.0B | $17.3B | ||
| Q1 24 | $19.9B | $17.4B |
负债/权益比BALLWHR
| Q4 25 | 1.29× | 2.26× | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 0.91× | 2.46× | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.80× | — | ||
| Q1 24 | 0.76× | — |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $989.0M |
| 自由现金流率自由现金流/营收 | 31.1% | 24.1% |
| 资本支出强度资本支出/营收 | 5.1% | 3.7% |
| 现金转化率经营现金流/净利润 | 6.05× | 10.45× |
| 过去12个月自由现金流最近4个季度 | $788.0M | $81.0M |
8季度趋势，按日历期对齐
经营现金流BALLWHR
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $384.0M | $33.0M | ||
| Q2 25 | $332.0M | $19.0M | ||
| Q1 25 | $-665.0M | $-721.0M | ||
| Q4 24 | $500.0M | $1.1B | ||
| Q3 24 | $610.0M | $214.0M | ||
| Q2 24 | $252.0M | $388.0M | ||
| Q1 24 | $-1.2B | $-873.0M |
自由现金流BALLWHR
| Q4 25 | $1.0B | $989.0M | ||
| Q3 25 | $257.0M | $-52.0M | ||
| Q2 25 | $236.0M | $-63.0M | ||
| Q1 25 | $-746.0M | $-793.0M | ||
| Q4 24 | $393.0M | $970.0M | ||
| Q3 24 | $493.0M | $127.0M | ||
| Q2 24 | $146.0M | $275.0M | ||
| Q1 24 | $-1.4B | $-988.0M |
自由现金流率BALLWHR
| Q4 25 | 31.1% | 24.1% | ||
| Q3 25 | 7.6% | -1.3% | ||
| Q2 25 | 7.1% | -1.7% | ||
| Q1 25 | -24.1% | -21.9% | ||
| Q4 24 | 13.6% | 23.5% | ||
| Q3 24 | 16.0% | 3.2% | ||
| Q2 24 | 4.9% | 6.9% | ||
| Q1 24 | -48.7% | -22.0% |
资本支出强度BALLWHR
| Q4 25 | 5.1% | 3.7% | ||
| Q3 25 | 3.8% | 2.1% | ||
| Q2 25 | 2.9% | 2.2% | ||
| Q1 25 | 2.6% | 2.0% | ||
| Q4 24 | 3.7% | 3.3% | ||
| Q3 24 | 3.8% | 2.2% | ||
| Q2 24 | 3.6% | 2.8% | ||
| Q1 24 | 5.4% | 2.6% |
现金转化率BALLWHR
| Q4 25 | 6.05× | 10.45× | ||
| Q3 25 | 1.20× | 0.45× | ||
| Q2 25 | 1.54× | 0.29× | ||
| Q1 25 | -3.72× | -10.15× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.07× | 1.96× | ||
| Q2 24 | 1.58× | 1.77× | ||
| 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% |
WHR
| Refrigeration | $1.2B | 30% |
| Laundry | $1.1B | 27% |
| Cooking | $1.1B | 26% |
| Dishwashing | $299.0M | 7% |
| Other | $266.0M | 6% |
| Spare Parts And Warranties | $139.0M | 3% |
