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Dollar General（DG）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Dollar General的季度营收约是Smurfit Westrock的1.4倍（$10.6B vs $7.6B），Dollar General净利率更高（2.7% vs 1.3%，领先1.4%），Dollar General同比增速更快（4.6% vs 0.5%），Dollar General自由现金流更多（$690.4M vs $612.0M），过去两年Smurfit Westrock的营收复合增速更高（60.8% vs 4.3%）
Dollar General是美国大型折扣连锁零售企业，总部位于田纳西州古德利茨维尔。截至2024年1月初，集团在美国本土及墨西哥共运营20388家线下门店，主打高性价比日常商品，服务大众消费群体。
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。
DG vs SW — 直观对比
营收规模更大
DG
是对方的1.4倍
$7.6B
营收增速更快
DG
高出4.0%
0.5%
净利率更高
DG
高出1.4%
1.3%
自由现金流更多
DG
多$78.4M
$612.0M
两年增速更快
SW
近两年复合增速
4.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.6B | $7.6B |
| 净利润 | $282.7M | $97.0M |
| 毛利率 | 29.9% | 18.2% |
| 营业利润率 | 4.0% | 5.1% |
| 净利率 | 2.7% | 1.3% |
| 营收同比 | 4.6% | 0.5% |
| 净利润同比 | 43.8% | -33.6% |
| 每股收益（稀释后） | $1.28 | $0.18 |
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DGSW
| Q4 25 | $10.6B | $7.6B | ||
| Q3 25 | — | $8.0B | ||
| Q2 25 | $10.4B | $7.9B | ||
| Q1 25 | — | $7.7B | ||
| Q4 24 | $10.2B | $7.5B | ||
| Q3 24 | $10.2B | $7.7B | ||
| Q2 24 | $9.9B | $3.0B | ||
| Q1 24 | $9.9B | $2.9B |
净利润DGSW
| Q4 25 | $282.7M | $97.0M | ||
| Q3 25 | — | $246.0M | ||
| Q2 25 | $391.9M | $-28.0M | ||
| Q1 25 | — | $384.0M | ||
| Q4 24 | $196.5M | $146.0M | ||
| Q3 24 | $374.2M | $-150.0M | ||
| Q2 24 | $363.3M | $132.0M | ||
| Q1 24 | $401.8M | $191.0M |
毛利率DGSW
| Q4 25 | 29.9% | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | 31.0% | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | 28.8% | 19.1% | ||
| Q3 24 | 30.0% | 17.6% | ||
| Q2 24 | 30.2% | 23.3% | ||
| Q1 24 | 29.5% | 24.2% |
营业利润率DGSW
| Q4 25 | 4.0% | 5.1% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | 5.5% | 3.2% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | 3.2% | 5.3% | ||
| Q3 24 | 5.4% | 0.7% | ||
| Q2 24 | 5.5% | 8.2% | ||
| Q1 24 | 5.9% | 10.5% |
净利率DGSW
| Q4 25 | 2.7% | 1.3% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | 3.8% | -0.4% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | 1.9% | 1.9% | ||
| Q3 24 | 3.7% | -2.0% | ||
| Q2 24 | 3.7% | 4.4% | ||
| Q1 24 | 4.1% | 6.5% |
每股收益（稀释后）DGSW
| Q4 25 | $1.28 | $0.18 | ||
| Q3 25 | — | $0.47 | ||
| Q2 25 | $1.78 | $-0.05 | ||
| Q1 25 | — | $0.73 | ||
| Q4 24 | $0.89 | $-0.12 | ||
| Q3 24 | $1.70 | $-0.30 | ||
| Q2 24 | $1.65 | $0.51 | ||
| Q1 24 | $1.82 | $0.73 |
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 | $892.0M |
| 总债务越低越好 | $5.1B | $13.4B |
| 股东权益账面价值 | $8.2B | $18.3B |
| 总资产 | $31.7B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.63× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资DGSW
| Q4 25 | $1.2B | $892.0M | ||
| Q3 25 | — | $851.0M | ||
| Q2 25 | $850.0M | $778.0M | ||
| Q1 25 | — | $797.0M | ||
| Q4 24 | $537.3M | $855.0M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $720.7M | $26.8K | ||
| Q1 24 | $537.3M | $108 |
总债务DGSW
| Q4 25 | $5.1B | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | $5.7B | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | $5.7B | $12.5B | ||
| Q3 24 | $6.2B | $13.2B | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.2B | — |
股东权益DGSW
| Q4 25 | $8.2B | $18.3B | ||
| Q3 25 | — | $18.4B | ||
| Q2 25 | $7.7B | $18.3B | ||
| Q1 25 | — | $17.9B | ||
| Q4 24 | $7.3B | $17.4B | ||
| Q3 24 | $7.3B | $18.0B | ||
| Q2 24 | $7.0B | $14.5K | ||
| Q1 24 | $6.7B | $108 |
总资产DGSW
| Q4 25 | $31.7B | $45.2B | ||
| Q3 25 | — | $45.6B | ||
| Q2 25 | $31.0B | $45.7B | ||
| Q1 25 | — | $44.6B | ||
| Q4 24 | $31.5B | $43.8B | ||
| Q3 24 | $31.8B | $45.0B | ||
| Q2 24 | $31.0B | $26.8K | ||
| Q1 24 | $30.8B | $108 |
负债/权益比DGSW
| Q4 25 | 0.63× | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | 0.74× | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | 0.78× | 0.72× | ||
| Q3 24 | 0.86× | 0.73× | ||
| Q2 24 | 0.89× | — | ||
| Q1 24 | 0.92× | — |
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 | $1.0B | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $690.4M | $612.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 8.1% |
| 资本支出强度资本支出/营收 | 2.9% | 7.7% |
| 现金转化率经营现金流/净利润 | 3.55× | 12.32× |
| 过去12个月自由现金流最近4个季度 | $2.1B | $1.2B |
8季度趋势，按日历期对齐
经营现金流DGSW
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $847.2M | $829.0M | ||
| Q1 25 | — | $235.0M | ||
| Q4 24 | $542.4M | $781.0M | ||
| Q3 24 | $988.9M | $320.0M | ||
| Q2 24 | $663.8M | $340.0M | ||
| Q1 24 | $949.8M | $42.0M |
自由现金流DGSW
| Q4 25 | $690.4M | $612.0M | ||
| Q3 25 | — | $523.0M | ||
| Q2 25 | $556.2M | $307.0M | ||
| Q1 25 | — | $-242.0M | ||
| Q4 24 | $201.0M | $212.0M | ||
| Q3 24 | $635.2M | $-192.0M | ||
| Q2 24 | $321.8M | $163.0M | ||
| Q1 24 | $490.1M | $-166.0M |
自由现金流率DGSW
| Q4 25 | 6.5% | 8.1% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | 5.3% | 3.9% | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | 2.0% | 2.8% | ||
| Q3 24 | 6.2% | -2.5% | ||
| Q2 24 | 3.2% | 5.5% | ||
| Q1 24 | 5.0% | -5.7% |
资本支出强度DGSW
| Q4 25 | 2.9% | 7.7% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | 2.8% | 6.6% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | 3.4% | 7.5% | ||
| Q3 24 | 3.5% | 6.7% | ||
| Q2 24 | 3.4% | 6.0% | ||
| Q1 24 | 4.7% | 7.1% |
现金转化率DGSW
| Q4 25 | 3.55× | 12.32× | ||
| Q3 25 | — | 4.61× | ||
| Q2 25 | 2.16× | — | ||
| Q1 25 | — | 0.61× | ||
| Q4 24 | 2.76× | 5.35× | ||
| Q3 24 | 2.64× | — | ||
| Q2 24 | 1.83× | 2.58× | ||
| Q1 24 | 2.36× | 0.22× |
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
DG
| Consumables | $8.8B | 83% |
| Seasonal | $992.2M | 9% |
| Home Products | $550.7M | 5% |
| Apparel | $281.9M | 3% |
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
