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高知特（CTSH）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知特的1.1倍（$6.0B vs $5.4B），高知特净利率更高（12.2% vs 1.0%，领先11.2%），高知特同比增速更快（5.8% vs -0.6%），高知特自由现金流更多（$198.0M vs $94.0M），过去两年国际纸业的营收复合增速更高（12.3% vs 5.6%）
高知特是美国跨国信息技术咨询与外包服务商，1994年成立于印度金奈，最初是邓白氏旗下内部技术部门，1996年起对外开展服务，现总部位于美国新泽西州蒂内克，为纳斯达克100指数成分股，股票代码CTSH。
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。
CTSH vs IP — 直观对比
营收规模更大
IP
是对方的1.1倍
$5.4B
营收增速更快
CTSH
高出6.4%
-0.6%
净利率更高
CTSH
高出11.2%
1.0%
自由现金流更多
CTSH
多$104.0M
$94.0M
两年增速更快
IP
近两年复合增速
5.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $6.0B |
| 净利润 | $662.0M | $60.0M |
| 毛利率 | — | — |
| 营业利润率 | 15.6% | — |
| 净利率 | 12.2% | 1.0% |
| 营收同比 | 5.8% | -0.6% |
| 净利润同比 | -0.2% | 157.1% |
| 每股收益（稀释后） | $1.39 | $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CTSHIP
| Q1 26 | $5.4B | $6.0B | ||
| Q4 25 | $5.3B | $4.7B | ||
| Q3 25 | $5.4B | $6.2B | ||
| Q2 25 | $5.2B | $6.8B | ||
| Q1 25 | $5.1B | $5.9B | ||
| Q4 24 | $5.1B | $4.6B | ||
| Q3 24 | $5.0B | $4.7B | ||
| Q2 24 | $4.8B | $4.7B |
净利润CTSHIP
| Q1 26 | $662.0M | $60.0M | ||
| Q4 25 | $648.0M | $-2.4B | ||
| Q3 25 | $274.0M | $-1.1B | ||
| Q2 25 | $645.0M | $75.0M | ||
| Q1 25 | $663.0M | $-105.0M | ||
| Q4 24 | $546.0M | $-147.0M | ||
| Q3 24 | $582.0M | $150.0M | ||
| Q2 24 | $566.0M | $498.0M |
毛利率CTSHIP
| Q1 26 | — | — | ||
| Q4 25 | — | 32.2% | ||
| Q3 25 | — | 31.1% | ||
| Q2 25 | — | 27.9% | ||
| Q1 25 | — | 27.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 28.7% | ||
| Q2 24 | — | 29.0% |
营业利润率CTSHIP
| Q1 26 | 15.6% | — | ||
| Q4 25 | 16.0% | -56.4% | ||
| Q3 25 | 16.0% | -10.8% | ||
| Q2 25 | 15.6% | 1.7% | ||
| Q1 25 | 16.7% | -2.3% | ||
| Q4 24 | 14.8% | -4.9% | ||
| Q3 24 | 14.6% | 5.1% | ||
| Q2 24 | 14.6% | 6.8% |
净利率CTSHIP
| Q1 26 | 12.2% | 1.0% | ||
| Q4 25 | 12.2% | -50.3% | ||
| Q3 25 | 5.1% | -17.7% | ||
| Q2 25 | 12.3% | 1.1% | ||
| Q1 25 | 13.0% | -1.8% | ||
| Q4 24 | 10.7% | -3.2% | ||
| Q3 24 | 11.5% | 3.2% | ||
| Q2 24 | 11.7% | 10.5% |
每股收益（稀释后）CTSHIP
| Q1 26 | $1.39 | $0.14 | ||
| Q4 25 | $1.35 | $-4.76 | ||
| Q3 25 | $0.56 | $-2.09 | ||
| Q2 25 | $1.31 | $0.14 | ||
| Q1 25 | $1.34 | $-0.24 | ||
| Q4 24 | $1.10 | $-0.42 | ||
| Q3 24 | $1.17 | $0.42 | ||
| Q2 24 | $1.14 | $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 | $1.5B | — |
| 总债务越低越好 | $568.0M | $8.2B |
| 股东权益账面价值 | $15.1B | $14.8B |
| 总资产 | $20.5B | $36.4B |
| 负债/权益比越低杠杆越低 | 0.04× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资CTSHIP
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $2.4B | $995.0M | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $2.0B | $1.2B | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $2.2B | $1.0B |
总债务CTSHIP
| Q1 26 | $568.0M | $8.2B | ||
| Q4 25 | — | $8.8B | ||
| Q3 25 | — | $9.0B | ||
| Q2 25 | — | $9.7B | ||
| Q1 25 | — | $9.2B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | — | $5.3B |
股东权益CTSHIP
| Q1 26 | $15.1B | $14.8B | ||
| Q4 25 | $15.0B | $14.8B | ||
| Q3 25 | $14.9B | $17.3B | ||
| Q2 25 | $15.3B | $18.6B | ||
| Q1 25 | $14.9B | $18.1B | ||
| Q4 24 | $14.4B | $8.2B | ||
| Q3 24 | $14.5B | $8.6B | ||
| Q2 24 | $13.9B | $8.6B |
总资产CTSHIP
| Q1 26 | $20.5B | $36.4B | ||
| Q4 25 | $20.7B | $38.0B | ||
| Q3 25 | $20.1B | $40.6B | ||
| Q2 25 | $20.2B | $42.4B | ||
| Q1 25 | $20.0B | $41.2B | ||
| Q4 24 | $20.0B | $22.8B | ||
| Q3 24 | $20.2B | $23.2B | ||
| Q2 24 | $18.6B | $23.1B |
负债/权益比CTSHIP
| Q1 26 | 0.04× | 0.55× | ||
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | — | 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 | $274.0M | — |
| 自由现金流经营现金流 - 资本支出 | $198.0M | $94.0M |
| 自由现金流率自由现金流/营收 | 3.7% | 1.6% |
| 资本支出强度资本支出/营收 | — | 8.7% |
| 现金转化率经营现金流/净利润 | 0.41× | — |
| 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CTSHIP
| Q1 26 | $274.0M | — | ||
| Q4 25 | $858.0M | $905.0M | ||
| Q3 25 | $1.2B | $605.0M | ||
| Q2 25 | $398.0M | $476.0M | ||
| Q1 25 | $400.0M | $-288.0M | ||
| Q4 24 | $920.0M | $397.0M | ||
| Q3 24 | $847.0M | $521.0M | ||
| Q2 24 | $262.0M | $365.0M |
自由现金流CTSHIP
| Q1 26 | $198.0M | $94.0M | ||
| Q4 25 | $781.0M | $255.0M | ||
| Q3 25 | $1.2B | $150.0M | ||
| Q2 25 | $331.0M | $54.0M | ||
| Q1 25 | $323.0M | $-618.0M | ||
| Q4 24 | $837.0M | $137.0M | ||
| Q3 24 | $791.0M | $309.0M | ||
| Q2 24 | $183.0M | $167.0M |
自由现金流率CTSHIP
| Q1 26 | 3.7% | 1.6% | ||
| Q4 25 | 14.6% | 5.4% | ||
| Q3 25 | 21.4% | 2.4% | ||
| Q2 25 | 6.3% | 0.8% | ||
| Q1 25 | 6.3% | -10.5% | ||
| Q4 24 | 16.5% | 3.0% | ||
| Q3 24 | 15.7% | 6.6% | ||
| Q2 24 | 3.8% | 3.5% |
资本支出强度CTSHIP
| Q1 26 | — | 8.7% | ||
| Q4 25 | 1.4% | 13.7% | ||
| Q3 25 | 1.2% | 7.3% | ||
| Q2 25 | 1.3% | 6.2% | ||
| Q1 25 | 1.5% | 5.6% | ||
| Q4 24 | 1.6% | 5.7% | ||
| Q3 24 | 1.1% | 4.5% | ||
| Q2 24 | 1.6% | 4.2% |
现金转化率CTSHIP
| Q1 26 | 0.41× | — | ||
| Q4 25 | 1.32× | — | ||
| Q3 25 | 4.48× | — | ||
| Q2 25 | 0.62× | 6.35× | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 1.46× | 3.47× | ||
| Q2 24 | 0.46× | 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
CTSH
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% |
