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思科（CSCO）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
思科的季度营收约是Smurfit Westrock的2.0倍（$15.3B vs $7.7B），思科净利率更高（20.7% vs 0.8%，领先19.9%），思科同比增速更快（9.7% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 9.9%）
思科是总部位于美国加利福尼亚州圣何塞的跨国数字通信科技集团，专注于研发、生产及销售网络硬件、软件、通信设备等各类高科技产品，同时提供配套高端技术服务，为全球各领域客户提供可靠的数字化通信相关解决方案。
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。
CSCO vs SW — 直观对比
营收规模更大
CSCO
是对方的2.0倍
$7.7B
营收增速更快
CSCO
高出9.0%
0.7%
净利率更高
CSCO
高出19.9%
0.8%
两年增速更快
SW
近两年复合增速
9.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $15.3B | $7.7B |
| 净利润 | $3.2B | $63.0M |
| 毛利率 | 65.0% | 16.4% |
| 营业利润率 | 24.6% | 3.3% |
| 净利率 | 20.7% | 0.8% |
| 营收同比 | 9.7% | 0.7% |
| 净利润同比 | 30.8% | 0.0% |
| 每股收益（稀释后） | $0.80 | $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CSCOSW
| Q1 26 | $15.3B | $7.7B | ||
| Q4 25 | $14.9B | $7.6B | ||
| Q3 25 | $14.7B | $8.0B | ||
| Q2 25 | $14.1B | $7.9B | ||
| Q1 25 | $14.0B | $7.7B | ||
| Q4 24 | $13.8B | $7.5B | ||
| Q3 24 | $13.6B | $7.7B | ||
| Q2 24 | $12.7B | $3.0B |
净利润CSCOSW
| Q1 26 | $3.2B | $63.0M | ||
| Q4 25 | $2.9B | $97.0M | ||
| Q3 25 | $2.5B | $246.0M | ||
| Q2 25 | $2.5B | $-28.0M | ||
| Q1 25 | $2.4B | $384.0M | ||
| Q4 24 | $2.7B | $146.0M | ||
| Q3 24 | $2.2B | $-150.0M | ||
| Q2 24 | $1.9B | $132.0M |
毛利率CSCOSW
| Q1 26 | 65.0% | 16.4% | ||
| Q4 25 | 65.5% | 18.2% | ||
| Q3 25 | 63.2% | 19.6% | ||
| Q2 25 | 65.6% | 19.1% | ||
| Q1 25 | 65.1% | 20.6% | ||
| Q4 24 | 65.9% | 19.1% | ||
| Q3 24 | 64.4% | 17.6% | ||
| Q2 24 | 65.1% | 23.3% |
营业利润率CSCOSW
| Q1 26 | 24.6% | 3.3% | ||
| Q4 25 | 22.6% | 5.1% | ||
| Q3 25 | 21.0% | 6.6% | ||
| Q2 25 | 22.6% | 3.2% | ||
| Q1 25 | 22.3% | 7.2% | ||
| Q4 24 | 17.0% | 5.3% | ||
| Q3 24 | 19.2% | 0.7% | ||
| Q2 24 | 17.2% | 8.2% |
净利率CSCOSW
| Q1 26 | 20.7% | 0.8% | ||
| Q4 25 | 19.2% | 1.3% | ||
| Q3 25 | 17.4% | 3.1% | ||
| Q2 25 | 17.6% | -0.4% | ||
| Q1 25 | 17.4% | 5.0% | ||
| Q4 24 | 19.6% | 1.9% | ||
| Q3 24 | 15.8% | -2.0% | ||
| Q2 24 | 14.8% | 4.4% |
每股收益（稀释后）CSCOSW
| Q1 26 | $0.80 | $0.12 | ||
| Q4 25 | $0.72 | $0.18 | ||
| Q3 25 | $0.64 | $0.47 | ||
| Q2 25 | $0.62 | $-0.05 | ||
| Q1 25 | $0.61 | $0.73 | ||
| Q4 24 | $0.68 | $-0.12 | ||
| Q3 24 | $0.54 | $-0.30 | ||
| Q2 24 | $0.46 | $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 | $15.8B | — |
| 总债务越低越好 | $24.6B | $980.0M |
| 股东权益账面价值 | $47.7B | $18.1B |
| 总资产 | $123.4B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.52× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资CSCOSW
| Q1 26 | $15.8B | — | ||
| Q4 25 | $15.7B | $892.0M | ||
| Q3 25 | $16.1B | $851.0M | ||
| Q2 25 | $15.6B | $778.0M | ||
| Q1 25 | $16.9B | $797.0M | ||
| Q4 24 | $18.7B | $855.0M | ||
| Q3 24 | $17.9B | — | ||
| Q2 24 | $18.8B | $26.8K |
总债务CSCOSW
| Q1 26 | $24.6B | $980.0M | ||
| Q4 25 | $24.6B | $13.4B | ||
| Q3 25 | $24.6B | $13.3B | ||
| Q2 25 | $25.1B | $13.3B | ||
| Q1 25 | $20.1B | $12.9B | ||
| Q4 24 | $20.1B | $12.5B | ||
| Q3 24 | $20.1B | $13.2B | ||
| Q2 24 | $20.1B | — |
股东权益CSCOSW
| Q1 26 | $47.7B | $18.1B | ||
| Q4 25 | $46.9B | $18.3B | ||
| Q3 25 | $46.8B | $18.4B | ||
| Q2 25 | $45.9B | $18.3B | ||
| Q1 25 | $45.5B | $17.9B | ||
| Q4 24 | $45.3B | $17.4B | ||
| Q3 24 | $45.5B | $18.0B | ||
| Q2 24 | $45.8B | $14.5K |
总资产CSCOSW
| Q1 26 | $123.4B | $45.2B | ||
| Q4 25 | $121.1B | $45.2B | ||
| Q3 25 | $122.3B | $45.6B | ||
| Q2 25 | $119.8B | $45.7B | ||
| Q1 25 | $121.4B | $44.6B | ||
| Q4 24 | $123.3B | $43.8B | ||
| Q3 24 | $124.4B | $45.0B | ||
| Q2 24 | $123.0B | $26.8K |
负债/权益比CSCOSW
| Q1 26 | 0.52× | 0.05× | ||
| Q4 25 | 0.53× | 0.73× | ||
| Q3 25 | 0.53× | 0.72× | ||
| Q2 25 | 0.55× | 0.73× | ||
| Q1 25 | 0.44× | 0.72× | ||
| Q4 24 | 0.44× | 0.72× | ||
| Q3 24 | 0.44× | 0.73× | ||
| Q2 24 | 0.44× | — |
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 | $1.8B | $204.0M |
| 自由现金流经营现金流 - 资本支出 | $1.5B | — |
| 自由现金流率自由现金流/营收 | 10.0% | — |
| 资本支出强度资本支出/营收 | 1.8% | — |
| 现金转化率经营现金流/净利润 | 0.57× | 3.24× |
| 过去12个月自由现金流最近4个季度 | $12.2B | — |
8季度趋势，按日历期对齐
经营现金流CSCOSW
| Q1 26 | $1.8B | $204.0M | ||
| Q4 25 | $3.2B | $1.2B | ||
| Q3 25 | $4.2B | $1.1B | ||
| Q2 25 | $4.1B | $829.0M | ||
| Q1 25 | $2.2B | $235.0M | ||
| Q4 24 | $3.7B | $781.0M | ||
| Q3 24 | $3.7B | $320.0M | ||
| Q2 24 | $4.0B | $340.0M |
自由现金流CSCOSW
| Q1 26 | $1.5B | — | ||
| Q4 25 | $2.9B | $612.0M | ||
| Q3 25 | $4.0B | $523.0M | ||
| Q2 25 | $3.8B | $307.0M | ||
| Q1 25 | $2.0B | $-242.0M | ||
| Q4 24 | $3.4B | $212.0M | ||
| Q3 24 | $3.5B | $-192.0M | ||
| Q2 24 | $3.8B | $163.0M |
自由现金流率CSCOSW
| Q1 26 | 10.0% | — | ||
| Q4 25 | 19.4% | 8.1% | ||
| Q3 25 | 27.4% | 6.5% | ||
| Q2 25 | 26.8% | 3.9% | ||
| Q1 25 | 14.5% | -3.2% | ||
| Q4 24 | 24.9% | 2.8% | ||
| Q3 24 | 25.9% | -2.5% | ||
| Q2 24 | 29.9% | 5.5% |
资本支出强度CSCOSW
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.2% | 7.7% | ||
| Q3 25 | 1.5% | 7.6% | ||
| Q2 25 | 1.8% | 6.6% | ||
| Q1 25 | 1.5% | 6.2% | ||
| Q4 24 | 1.6% | 7.5% | ||
| Q3 24 | 1.5% | 6.7% | ||
| Q2 24 | 1.3% | 6.0% |
现金转化率CSCOSW
| Q1 26 | 0.57× | 3.24× | ||
| Q4 25 | 1.12× | 12.32× | ||
| Q3 25 | 1.66× | 4.61× | ||
| Q2 25 | 1.63× | — | ||
| Q1 25 | 0.92× | 0.61× | ||
| Q4 24 | 1.35× | 5.35× | ||
| Q3 24 | 1.73× | — | ||
| Q2 24 | 2.11× | 2.58× |
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
CSCO
| Networking | $8.3B | 54% |
| Services | $3.7B | 24% |
| Security | $2.0B | 13% |
| Collaboration | $1.1B | 7% |
| Observability | $277.0M | 2% |
SW
暂无分部数据
