vs
安达（CB）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
安达的季度营收约是Smurfit Westrock的2.0倍（$15.1B vs $7.7B），安达净利率更高（21.3% vs 0.8%，领先20.5%），安达同比增速更快（6.3% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 8.1%）
安达是注册地位于苏黎世的跨国保险集团，在纽约证券交易所上市，为标普500指数成分股。作为全球最大的上市财产及意外伤害保险公司，其业务涵盖财产险、意外险、健康险、再保险、寿险等领域，在全球55个国家和地区及伦敦劳合社市场运营。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
CB vs SW — 直观对比
营收规模更大
CB
是对方的2.0倍
$7.7B
营收增速更快
CB
高出5.5%
0.7%
净利率更高
CB
高出20.5%
0.8%
两年增速更快
SW
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $15.1B | $7.7B |
| 净利润 | $3.2B | $63.0M |
| 毛利率 | — | 16.4% |
| 营业利润率 | 25.0% | 3.3% |
| 净利率 | 21.3% | 0.8% |
| 营收同比 | 6.3% | 0.7% |
| 净利润同比 | 24.7% | 0.0% |
| 每股收益（稀释后） | $8.05 | $0.12 |
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CBSW
| Q1 26 | — | $7.7B | ||
| Q4 25 | $15.1B | $7.6B | ||
| Q3 25 | $16.1B | $8.0B | ||
| Q2 25 | $14.8B | $7.9B | ||
| Q1 25 | $13.4B | $7.7B | ||
| Q4 24 | $14.2B | $7.5B | ||
| Q3 24 | $14.8B | $7.7B | ||
| Q2 24 | $13.8B | $3.0B |
净利润CBSW
| Q1 26 | — | $63.0M | ||
| Q4 25 | $3.2B | $97.0M | ||
| Q3 25 | $2.8B | $246.0M | ||
| Q2 25 | $3.0B | $-28.0M | ||
| Q1 25 | $1.3B | $384.0M | ||
| Q4 24 | $2.6B | $146.0M | ||
| Q3 24 | $2.3B | $-150.0M | ||
| Q2 24 | $2.2B | $132.0M |
毛利率CBSW
| Q1 26 | — | 16.4% | ||
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% |
营业利润率CBSW
| Q1 26 | — | 3.3% | ||
| Q4 25 | 25.0% | 5.1% | ||
| Q3 25 | 24.1% | 6.6% | ||
| Q2 25 | 25.0% | 3.2% | ||
| Q1 25 | 12.5% | 7.2% | ||
| Q4 24 | 22.0% | 5.3% | ||
| Q3 24 | 20.2% | 0.7% | ||
| Q2 24 | 19.6% | 8.2% |
净利率CBSW
| Q1 26 | — | 0.8% | ||
| Q4 25 | 21.3% | 1.3% | ||
| Q3 25 | 17.3% | 3.1% | ||
| Q2 25 | 20.0% | -0.4% | ||
| Q1 25 | 10.0% | 5.0% | ||
| Q4 24 | 18.2% | 1.9% | ||
| Q3 24 | 15.7% | -2.0% | ||
| Q2 24 | 16.1% | 4.4% |
每股收益（稀释后）CBSW
| Q1 26 | — | $0.12 | ||
| Q4 25 | $8.05 | $0.18 | ||
| Q3 25 | $6.99 | $0.47 | ||
| Q2 25 | $7.35 | $-0.05 | ||
| Q1 25 | $3.29 | $0.73 | ||
| Q4 24 | $6.31 | $-0.12 | ||
| Q3 24 | $5.70 | $-0.30 | ||
| Q2 24 | $5.46 | $0.51 |
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 | — | — |
| 总债务越低越好 | $15.7B | $980.0M |
| 股东权益账面价值 | $73.8B | $18.1B |
| 总资产 | $272.3B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.21× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资CBSW
| Q1 26 | — | — | ||
| Q4 25 | — | $892.0M | ||
| Q3 25 | — | $851.0M | ||
| Q2 25 | — | $778.0M | ||
| Q1 25 | — | $797.0M | ||
| Q4 24 | — | $855.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $26.8K |
总债务CBSW
| Q1 26 | — | $980.0M | ||
| Q4 25 | $15.7B | $13.4B | ||
| Q3 25 | $15.7B | $13.3B | ||
| Q2 25 | $13.5B | $13.3B | ||
| Q1 25 | $14.5B | $12.9B | ||
| Q4 24 | $14.4B | $12.5B | ||
| Q3 24 | $14.6B | $13.2B | ||
| Q2 24 | $13.2B | — |
股东权益CBSW
| Q1 26 | — | $18.1B | ||
| Q4 25 | $73.8B | $18.3B | ||
| Q3 25 | $71.9B | $18.4B | ||
| Q2 25 | $69.4B | $18.3B | ||
| Q1 25 | $65.7B | $17.9B | ||
| Q4 24 | $64.0B | $17.4B | ||
| Q3 24 | $65.8B | $18.0B | ||
| Q2 24 | $61.0B | $14.5K |
总资产CBSW
| Q1 26 | — | $45.2B | ||
| Q4 25 | $272.3B | $45.2B | ||
| Q3 25 | $270.2B | $45.6B | ||
| Q2 25 | $261.6B | $45.7B | ||
| Q1 25 | $251.8B | $44.6B | ||
| Q4 24 | $246.5B | $43.8B | ||
| Q3 24 | $250.6B | $45.0B | ||
| Q2 24 | $238.6B | $26.8K |
负债/权益比CBSW
| Q1 26 | — | 0.05× | ||
| Q4 25 | 0.21× | 0.73× | ||
| Q3 25 | 0.22× | 0.72× | ||
| Q2 25 | 0.19× | 0.73× | ||
| Q1 25 | 0.22× | 0.72× | ||
| Q4 24 | 0.22× | 0.72× | ||
| Q3 24 | 0.22× | 0.73× | ||
| Q2 24 | 0.22× | — |
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 | $4.1B | $204.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.26× | 3.24× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CBSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $4.1B | $1.2B | ||
| Q3 25 | $3.6B | $1.1B | ||
| Q2 25 | $3.6B | $829.0M | ||
| Q1 25 | $1.6B | $235.0M | ||
| Q4 24 | $4.6B | $781.0M | ||
| Q3 24 | $4.3B | $320.0M | ||
| Q2 24 | $4.1B | $340.0M |
自由现金流CBSW
| Q1 26 | — | — | ||
| Q4 25 | — | $612.0M | ||
| Q3 25 | — | $523.0M | ||
| Q2 25 | — | $307.0M | ||
| Q1 25 | — | $-242.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | — | $-192.0M | ||
| Q2 24 | — | $163.0M |
自由现金流率CBSW
| Q1 26 | — | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | -2.5% | ||
| Q2 24 | — | 5.5% |
资本支出强度CBSW
| Q1 26 | — | — | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 6.0% |
现金转化率CBSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 1.26× | 12.32× | ||
| Q3 25 | 1.30× | 4.61× | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 1.18× | 0.61× | ||
| Q4 24 | 1.77× | 5.35× | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 1.83× | 2.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
