vs
Cintas（CTAS）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
Cintas的季度营收约是国际纸业的1.1倍（$6.4B vs $6.0B），Cintas净利率更高（7.8% vs 1.0%，领先6.8%），Cintas同比增速更快（8.9% vs -0.6%），Cintas自由现金流更多（$1.3B vs $94.0M），过去两年Cintas的营收复合增速更高（61.2% vs 12.3%）
美国Cintas公司总部位于俄亥俄州梅森市，面向各类企业客户提供制服、地垫、拖把、清洁及卫浴用品、急救安全产品、灭火器检测服务、安全培训课程等多元产品及服务，在纳斯达克全球精选市场上市，股票代码CTAS，是标普500指数成分股。
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。
CTAS vs IP — 直观对比
营收规模更大
CTAS
是对方的1.1倍
$6.0B
营收增速更快
CTAS
高出9.5%
-0.6%
净利率更高
CTAS
高出6.8%
1.0%
自由现金流更多
CTAS
多$1.2B
$94.0M
两年增速更快
CTAS
近两年复合增速
12.3%
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $6.0B |
| 净利润 | $502.5M | $60.0M |
| 毛利率 | 83.1% | — |
| 营业利润率 | 10.3% | — |
| 净利率 | 7.8% | 1.0% |
| 营收同比 | 8.9% | -0.6% |
| 净利润同比 | 8.4% | 157.1% |
| 每股收益（稀释后） | $1.24 | $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CTASIP
| Q1 26 | $6.4B | $6.0B | ||
| Q4 25 | $2.8B | $4.7B | ||
| Q3 25 | $2.7B | $6.2B | ||
| Q2 25 | $2.7B | $6.8B | ||
| Q1 25 | $2.6B | $5.9B | ||
| Q4 24 | $2.6B | $4.6B | ||
| Q3 24 | $2.5B | $4.7B | ||
| Q2 24 | $2.5B | $4.7B |
净利润CTASIP
| Q1 26 | $502.5M | $60.0M | ||
| Q4 25 | $495.3M | $-2.4B | ||
| Q3 25 | $491.1M | $-1.1B | ||
| Q2 25 | $448.3M | $75.0M | ||
| Q1 25 | $463.5M | $-105.0M | ||
| Q4 24 | $448.5M | $-147.0M | ||
| Q3 24 | $452.0M | $150.0M | ||
| Q2 24 | $414.3M | $498.0M |
毛利率CTASIP
| Q1 26 | 83.1% | — | ||
| Q4 25 | 50.4% | 32.2% | ||
| Q3 25 | 50.3% | 31.1% | ||
| Q2 25 | 49.7% | 27.9% | ||
| Q1 25 | 50.6% | 27.8% | ||
| Q4 24 | 49.8% | 29.0% | ||
| Q3 24 | 50.1% | 28.7% | ||
| Q2 24 | — | 29.0% |
营业利润率CTASIP
| Q1 26 | 10.3% | — | ||
| Q4 25 | 23.4% | -56.4% | ||
| Q3 25 | 22.7% | -10.8% | ||
| Q2 25 | 22.4% | 1.7% | ||
| Q1 25 | 23.4% | -2.3% | ||
| Q4 24 | 23.1% | -4.9% | ||
| Q3 24 | 22.4% | 5.1% | ||
| Q2 24 | 22.2% | 6.8% |
净利率CTASIP
| Q1 26 | 7.8% | 1.0% | ||
| Q4 25 | 17.7% | -50.3% | ||
| Q3 25 | 18.1% | -17.7% | ||
| Q2 25 | 16.8% | 1.1% | ||
| Q1 25 | 17.8% | -1.8% | ||
| Q4 24 | 17.5% | -3.2% | ||
| Q3 24 | 18.1% | 3.2% | ||
| Q2 24 | 16.8% | 10.5% |
每股收益（稀释后）CTASIP
| Q1 26 | $1.24 | $0.14 | ||
| Q4 25 | $1.21 | $-4.76 | ||
| Q3 25 | $1.20 | $-2.09 | ||
| Q2 25 | $1.08 | $0.14 | ||
| Q1 25 | $1.13 | $-0.24 | ||
| Q4 24 | $1.09 | $-0.42 | ||
| Q3 24 | $1.10 | $0.42 | ||
| Q2 24 | $4.00 | $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 | $183.2M | — |
| 总债务越低越好 | — | $8.2B |
| 股东权益账面价值 | $4.8B | $14.8B |
| 总资产 | — | $36.4B |
| 负债/权益比越低杠杆越低 | — | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资CTASIP
| Q1 26 | $183.2M | — | ||
| Q4 25 | $200.8M | $1.1B | ||
| Q3 25 | $138.1M | $995.0M | ||
| Q2 25 | $264.0M | $1.1B | ||
| Q1 25 | $243.4M | $1.2B | ||
| Q4 24 | $122.4M | $1.2B | ||
| Q3 24 | $101.4M | $1.2B | ||
| Q2 24 | $342.0M | $1.0B |
总债务CTASIP
| Q1 26 | — | $8.2B | ||
| Q4 25 | $2.4B | $8.8B | ||
| Q3 25 | $2.4B | $9.0B | ||
| Q2 25 | $2.4B | $9.7B | ||
| Q1 25 | $2.0B | $9.2B | ||
| Q4 24 | $2.0B | $5.4B | ||
| Q3 24 | $2.0B | $5.3B | ||
| Q2 24 | $2.0B | $5.3B |
股东权益CTASIP
| Q1 26 | $4.8B | $14.8B | ||
| Q4 25 | $4.5B | $14.8B | ||
| Q3 25 | $4.8B | $17.3B | ||
| Q2 25 | $4.7B | $18.6B | ||
| Q1 25 | $4.6B | $18.1B | ||
| Q4 24 | $4.3B | $8.2B | ||
| Q3 24 | $4.0B | $8.6B | ||
| Q2 24 | $4.3B | $8.6B |
总资产CTASIP
| Q1 26 | — | $36.4B | ||
| Q4 25 | $10.1B | $38.0B | ||
| Q3 25 | $9.8B | $40.6B | ||
| Q2 25 | $9.8B | $42.4B | ||
| Q1 25 | $9.6B | $41.2B | ||
| Q4 24 | $9.4B | $22.8B | ||
| Q3 24 | $9.1B | $23.2B | ||
| Q2 24 | $9.2B | $23.1B |
负债/权益比CTASIP
| Q1 26 | — | 0.55× | ||
| Q4 25 | 0.54× | 0.60× | ||
| Q3 25 | 0.51× | 0.52× | ||
| Q2 25 | 0.52× | 0.52× | ||
| Q1 25 | 0.44× | 0.51× | ||
| Q4 24 | 0.47× | 0.66× | ||
| Q3 24 | 0.50× | 0.62× | ||
| Q2 24 | 0.47× | 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 | $1.6B | — |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $94.0M |
| 自由现金流率自由现金流/营收 | 19.7% | 1.6% |
| 资本支出强度资本支出/营收 | 4.7% | 8.7% |
| 现金转化率经营现金流/净利润 | 3.12× | — |
| 过去12个月自由现金流最近4个季度 | $2.5B | $553.0M |
8季度趋势，按日历期对齐
经营现金流CTASIP
| Q1 26 | $1.6B | — | ||
| Q4 25 | $531.2M | $905.0M | ||
| Q3 25 | $414.5M | $605.0M | ||
| Q2 25 | $635.7M | $476.0M | ||
| Q1 25 | $622.0M | $-288.0M | ||
| Q4 24 | $441.4M | $397.0M | ||
| Q3 24 | $466.7M | $521.0M | ||
| Q2 24 | $693.0M | $365.0M |
自由现金流CTASIP
| Q1 26 | $1.3B | $94.0M | ||
| Q4 25 | $425.0M | $255.0M | ||
| Q3 25 | $312.5M | $150.0M | ||
| Q2 25 | $521.1M | $54.0M | ||
| Q1 25 | $522.1M | $-618.0M | ||
| Q4 24 | $340.0M | $137.0M | ||
| Q3 24 | $373.8M | $309.0M | ||
| Q2 24 | $591.1M | $167.0M |
自由现金流率CTASIP
| Q1 26 | 19.7% | 1.6% | ||
| Q4 25 | 15.2% | 5.4% | ||
| Q3 25 | 11.5% | 2.4% | ||
| Q2 25 | 19.5% | 0.8% | ||
| Q1 25 | 20.0% | -10.5% | ||
| Q4 24 | 13.3% | 3.0% | ||
| Q3 24 | 14.9% | 6.6% | ||
| Q2 24 | 23.9% | 3.5% |
资本支出强度CTASIP
| Q1 26 | 4.7% | 8.7% | ||
| Q4 25 | 3.8% | 13.7% | ||
| Q3 25 | 3.8% | 7.3% | ||
| Q2 25 | 4.3% | 6.2% | ||
| Q1 25 | 3.8% | 5.6% | ||
| Q4 24 | 4.0% | 5.7% | ||
| Q3 24 | 3.7% | 4.5% | ||
| Q2 24 | 4.1% | 4.2% |
现金转化率CTASIP
| Q1 26 | 3.12× | — | ||
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.84× | — | ||
| Q2 25 | 1.42× | 6.35× | ||
| Q1 25 | 1.34× | — | ||
| Q4 24 | 0.98× | — | ||
| Q3 24 | 1.03× | 3.47× | ||
| Q2 24 | 1.67× | 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
CTAS
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% |
