vs
高乐氏（CLX）与国际纸业（IP）财务数据对比。点击上方公司名可切换其他公司
国际纸业的季度营收约是高乐氏的3.6倍（$6.0B vs $1.7B），高乐氏净利率更高（11.4% vs 1.0%，领先10.4%），高乐氏同比增速更快（0.1% vs -0.6%），过去两年国际纸业的营收复合增速更高（12.3% vs -4.1%）
高乐氏是美国跨国企业，专业从事消费级与专业用途产品的生产及营销。2000年至2024年持续入选《财富》500强榜单，最新排名为第485位，旗下产品覆盖清洁护理、家居日用等多个品类，在全球消费市场拥有较高认可度。
国际纸业是总部位于美国田纳西州孟菲斯的纸浆及造纸企业，为全球规模最大的同类型企业，目前拥有约3.9万名员工，产品覆盖纸浆、包装用纸、办公用纸等品类，业务遍及全球多个国家和地区，广泛服务各行业客户的相关需求。
CLX vs IP — 直观对比
营收规模更大
IP
是对方的3.6倍
$1.7B
营收增速更快
CLX
高出0.7%
-0.6%
净利率更高
CLX
高出10.4%
1.0%
两年增速更快
IP
近两年复合增速
-4.1%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $6.0B |
| 净利润 | $191.0M | $60.0M |
| 毛利率 | 43.2% | — |
| 营业利润率 | — | — |
| 净利率 | 11.4% | 1.0% |
| 营收同比 | 0.1% | -0.6% |
| 净利润同比 | 0.5% | 157.1% |
| 每股收益（稀释后） | $1.54 | $0.14 |
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CLXIP
| Q1 26 | $1.7B | $6.0B | ||
| Q4 25 | $1.7B | $4.7B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | $2.0B | $6.8B | ||
| Q1 25 | $1.7B | $5.9B | ||
| Q4 24 | $1.7B | $4.6B | ||
| Q3 24 | $1.8B | $4.7B | ||
| Q2 24 | $1.9B | $4.7B |
净利润CLXIP
| Q1 26 | $191.0M | $60.0M | ||
| Q4 25 | $157.0M | $-2.4B | ||
| Q3 25 | — | $-1.1B | ||
| Q2 25 | $332.0M | $75.0M | ||
| Q1 25 | $186.0M | $-105.0M | ||
| Q4 24 | $193.0M | $-147.0M | ||
| Q3 24 | $99.0M | $150.0M | ||
| Q2 24 | $216.0M | $498.0M |
毛利率CLXIP
| Q1 26 | 43.2% | — | ||
| Q4 25 | 43.2% | 32.2% | ||
| Q3 25 | — | 31.1% | ||
| Q2 25 | 46.5% | 27.9% | ||
| Q1 25 | 44.6% | 27.8% | ||
| Q4 24 | 43.8% | 29.0% | ||
| Q3 24 | 45.8% | 28.7% | ||
| Q2 24 | 46.5% | 29.0% |
营业利润率CLXIP
| Q1 26 | — | — | ||
| Q4 25 | — | -56.4% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | 20.6% | 1.7% | ||
| Q1 25 | 15.2% | -2.3% | ||
| Q4 24 | 14.1% | -4.9% | ||
| Q3 24 | 10.0% | 5.1% | ||
| Q2 24 | 14.5% | 6.8% |
净利率CLXIP
| Q1 26 | 11.4% | 1.0% | ||
| Q4 25 | 9.4% | -50.3% | ||
| Q3 25 | — | -17.7% | ||
| Q2 25 | 16.7% | 1.1% | ||
| Q1 25 | 11.2% | -1.8% | ||
| Q4 24 | 11.4% | -3.2% | ||
| Q3 24 | 5.6% | 3.2% | ||
| Q2 24 | 11.4% | 10.5% |
每股收益（稀释后）CLXIP
| Q1 26 | $1.54 | $0.14 | ||
| Q4 25 | $1.29 | $-4.76 | ||
| Q3 25 | — | $-2.09 | ||
| Q2 25 | $2.68 | $0.14 | ||
| Q1 25 | $1.50 | $-0.24 | ||
| Q4 24 | $1.54 | $-0.42 | ||
| Q3 24 | $0.80 | $0.42 | ||
| Q2 24 | $1.74 | $1.41 |
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 | — |
| 总债务越低越好 | $2.5B | $8.2B |
| 股东权益账面价值 | $92.0M | $14.8B |
| 总资产 | $6.4B | $36.4B |
| 负债/权益比越低杠杆越低 | 27.03× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资CLXIP
| Q1 26 | $1.2B | — | ||
| Q4 25 | $227.0M | $1.1B | ||
| Q3 25 | — | $995.0M | ||
| Q2 25 | $167.0M | $1.1B | ||
| Q1 25 | $226.0M | $1.2B | ||
| Q4 24 | $290.0M | $1.2B | ||
| Q3 24 | $278.0M | $1.2B | ||
| Q2 24 | $202.0M | $1.0B |
总债务CLXIP
| Q1 26 | $2.5B | $8.2B | ||
| Q4 25 | — | $8.8B | ||
| Q3 25 | — | $9.0B | ||
| Q2 25 | $2.5B | $9.7B | ||
| Q1 25 | — | $9.2B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | $2.5B | $5.3B |
股东权益CLXIP
| Q1 26 | $92.0M | $14.8B | ||
| Q4 25 | $-125.0M | $14.8B | ||
| Q3 25 | — | $17.3B | ||
| Q2 25 | $321.0M | $18.6B | ||
| Q1 25 | $27.0M | $18.1B | ||
| Q4 24 | $-41.0M | $8.2B | ||
| Q3 24 | $60.0M | $8.6B | ||
| Q2 24 | $328.0M | $8.6B |
总资产CLXIP
| Q1 26 | $6.4B | $36.4B | ||
| Q4 25 | $5.6B | $38.0B | ||
| Q3 25 | — | $40.6B | ||
| Q2 25 | $5.6B | $42.4B | ||
| Q1 25 | $5.5B | $41.2B | ||
| Q4 24 | $5.6B | $22.8B | ||
| Q3 24 | $5.5B | $23.2B | ||
| Q2 24 | $5.8B | $23.1B |
负债/权益比CLXIP
| Q1 26 | 27.03× | 0.55× | ||
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | 7.74× | 0.52× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | 7.56× | 0.62× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $94.0M |
| 自由现金流率自由现金流/营收 | — | 1.6% |
| 资本支出强度资本支出/营收 | 7.2% | 8.7% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $553.0M |
8季度趋势，按日历期对齐
经营现金流CLXIP
| Q1 26 | — | — | ||
| Q4 25 | — | $905.0M | ||
| Q3 25 | — | $605.0M | ||
| Q2 25 | $294.0M | $476.0M | ||
| Q1 25 | $286.0M | $-288.0M | ||
| Q4 24 | $180.0M | $397.0M | ||
| Q3 24 | $221.0M | $521.0M | ||
| Q2 24 | $340.0M | $365.0M |
自由现金流CLXIP
| Q1 26 | — | $94.0M | ||
| Q4 25 | — | $255.0M | ||
| Q3 25 | — | $150.0M | ||
| Q2 25 | $219.0M | $54.0M | ||
| Q1 25 | $233.0M | $-618.0M | ||
| Q4 24 | $127.0M | $137.0M | ||
| Q3 24 | $182.0M | $309.0M | ||
| Q2 24 | $259.0M | $167.0M |
自由现金流率CLXIP
| Q1 26 | — | 1.6% | ||
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | 11.0% | 0.8% | ||
| Q1 25 | 14.0% | -10.5% | ||
| Q4 24 | 7.5% | 3.0% | ||
| Q3 24 | 10.3% | 6.6% | ||
| Q2 24 | 13.6% | 3.5% |
资本支出强度CLXIP
| Q1 26 | 7.2% | 8.7% | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | — | 7.3% | ||
| Q2 25 | 3.8% | 6.2% | ||
| Q1 25 | 3.2% | 5.6% | ||
| Q4 24 | 3.1% | 5.7% | ||
| Q3 24 | 2.2% | 4.5% | ||
| Q2 24 | 4.3% | 4.2% |
现金转化率CLXIP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.89× | 6.35× | ||
| Q1 25 | 1.54× | — | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 2.23× | 3.47× | ||
| Q2 24 | 1.57× | 0.73× |
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
CLX
暂无分部数据
IP
| Packaging Solutions North America | $3.6B | 61% |
| Packaging Solutions EMEA | $2.3B | 39% |
| Corporate and Inter-segment Sales | $22.0M | 0% |
