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CARVANA CO.（CVNA）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是CARVANA CO.的1.8倍（$7.7B vs $4.2B），CARVANA CO.净利率更高（8.8% vs 0.8%，领先8.0%），Smurfit Westrock同比增速更快（0.7% vs -34.2%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 11.4%）
Carvana Co.是总部位于美国亚利桑那州坦佩市的线上二手车零售企业，主打线上一站式购车服务，2021年成功入选《财富》500强榜单，是该榜单有史以来最年轻的上榜企业之一。
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。
CVNA vs SW — 直观对比
营收规模更大
SW
是对方的1.8倍
$4.2B
营收增速更快
SW
高出34.9%
-34.2%
净利率更高
CVNA
高出8.0%
0.8%
两年增速更快
SW
近两年复合增速
11.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $7.7B |
| 净利润 | $373.0M | $63.0M |
| 毛利率 | — | 16.4% |
| 营业利润率 | 9.3% | 3.3% |
| 净利率 | 8.8% | 0.8% |
| 营收同比 | -34.2% | 0.7% |
| 净利润同比 | -7.9% | — |
| 每股收益（稀释后） | — | $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CVNASW
| Q1 26 | $4.2B | $7.7B | ||
| Q4 25 | $5.6B | $7.6B | ||
| Q3 25 | $5.6B | $8.0B | ||
| Q2 25 | $4.8B | $7.9B | ||
| Q1 25 | $4.2B | $7.7B | ||
| Q4 24 | $3.5B | $7.5B | ||
| Q3 24 | $3.7B | $7.7B | ||
| Q2 24 | $3.4B | $3.0B |
净利润CVNASW
| Q1 26 | $373.0M | $63.0M | ||
| Q4 25 | $857.0M | $97.0M | ||
| Q3 25 | $151.0M | $246.0M | ||
| Q2 25 | $183.0M | $-28.0M | ||
| Q1 25 | $216.0M | $384.0M | ||
| Q4 24 | $79.0M | $146.0M | ||
| Q3 24 | $85.0M | $-150.0M | ||
| Q2 24 | $18.0M | $132.0M |
毛利率CVNASW
| Q1 26 | — | 16.4% | ||
| Q4 25 | 18.8% | 18.2% | ||
| Q3 25 | 20.3% | 19.6% | ||
| Q2 25 | 22.0% | 19.1% | ||
| Q1 25 | 22.0% | 20.6% | ||
| Q4 24 | 21.5% | 19.1% | ||
| Q3 24 | 22.1% | 17.6% | ||
| Q2 24 | 21.0% | 23.3% |
营业利润率CVNASW
| Q1 26 | 9.3% | 3.3% | ||
| Q4 25 | 7.6% | 5.1% | ||
| Q3 25 | 9.8% | 6.6% | ||
| Q2 25 | 10.6% | 3.2% | ||
| Q1 25 | 9.3% | 7.2% | ||
| Q4 24 | 7.3% | 5.3% | ||
| Q3 24 | 9.2% | 0.7% | ||
| Q2 24 | 7.6% | 8.2% |
净利率CVNASW
| Q1 26 | 8.8% | 0.8% | ||
| Q4 25 | 15.3% | 1.3% | ||
| Q3 25 | 2.7% | 3.1% | ||
| Q2 25 | 3.8% | -0.4% | ||
| Q1 25 | 5.1% | 5.0% | ||
| Q4 24 | 2.2% | 1.9% | ||
| Q3 24 | 2.3% | -2.0% | ||
| Q2 24 | 0.5% | 4.4% |
每股收益（稀释后）CVNASW
| Q1 26 | — | $0.12 | ||
| Q4 25 | — | $0.18 | ||
| Q3 25 | — | $0.47 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $0.73 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | — | $-0.30 | ||
| Q2 24 | — | $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 | — | $980.0M |
| 股东权益账面价值 | — | $18.1B |
| 总资产 | — | $45.2B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资CVNASW
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $892.0M | ||
| Q3 25 | $2.1B | $851.0M | ||
| Q2 25 | $1.9B | $778.0M | ||
| Q1 25 | $1.9B | $797.0M | ||
| Q4 24 | $1.7B | $855.0M | ||
| Q3 24 | $871.0M | — | ||
| Q2 24 | $542.0M | $26.8K |
总债务CVNASW
| Q1 26 | — | $980.0M | ||
| Q4 25 | $4.9B | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | $5.3B | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益CVNASW
| Q1 26 | — | $18.1B | ||
| Q4 25 | $3.4B | $18.3B | ||
| Q3 25 | $2.3B | $18.4B | ||
| Q2 25 | $1.7B | $18.3B | ||
| Q1 25 | $1.5B | $17.9B | ||
| Q4 24 | $1.3B | $17.4B | ||
| Q3 24 | $611.0M | $18.0B | ||
| Q2 24 | $526.0M | $14.5K |
总资产CVNASW
| Q1 26 | — | $45.2B | ||
| Q4 25 | $13.2B | $45.2B | ||
| Q3 25 | $9.9B | $45.6B | ||
| Q2 25 | $9.4B | $45.7B | ||
| Q1 25 | $8.9B | $44.6B | ||
| Q4 24 | $8.5B | $43.8B | ||
| Q3 24 | $7.4B | $45.0B | ||
| Q2 24 | $7.2B | $26.8K |
负债/权益比CVNASW
| Q1 26 | — | 0.05× | ||
| Q4 25 | 1.43× | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | 4.20× | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | — |
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 | — | $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 | — | 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CVNASW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $430.0M | $1.2B | ||
| Q3 25 | $345.0M | $1.1B | ||
| Q2 25 | $29.0M | $829.0M | ||
| Q1 25 | $232.0M | $235.0M | ||
| Q4 24 | $60.0M | $781.0M | ||
| Q3 24 | $403.0M | $320.0M | ||
| Q2 24 | $354.0M | $340.0M |
自由现金流CVNASW
| Q1 26 | — | — | ||
| Q4 25 | $379.0M | $612.0M | ||
| Q3 25 | $307.0M | $523.0M | ||
| Q2 25 | $-2.0M | $307.0M | ||
| Q1 25 | $205.0M | $-242.0M | ||
| Q4 24 | $36.0M | $212.0M | ||
| Q3 24 | $376.0M | $-192.0M | ||
| Q2 24 | $332.0M | $163.0M |
自由现金流率CVNASW
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 8.1% | ||
| Q3 25 | 5.4% | 6.5% | ||
| Q2 25 | -0.0% | 3.9% | ||
| Q1 25 | 4.8% | -3.2% | ||
| Q4 24 | 1.0% | 2.8% | ||
| Q3 24 | 10.3% | -2.5% | ||
| Q2 24 | 9.7% | 5.5% |
资本支出强度CVNASW
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 7.7% | ||
| Q3 25 | 0.7% | 7.6% | ||
| Q2 25 | 0.6% | 6.6% | ||
| Q1 25 | 0.6% | 6.2% | ||
| Q4 24 | 0.7% | 7.5% | ||
| Q3 24 | 0.7% | 6.7% | ||
| Q2 24 | 0.6% | 6.0% |
现金转化率CVNASW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 0.50× | 12.32× | ||
| Q3 25 | 2.28× | 4.61× | ||
| Q2 25 | 0.16× | — | ||
| Q1 25 | 1.07× | 0.61× | ||
| Q4 24 | 0.76× | 5.35× | ||
| Q3 24 | 4.74× | — | ||
| Q2 24 | 19.67× | 2.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
