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雅诗兰黛（EL）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的季度营收约是雅诗兰黛的1.8倍（$7.7B vs $4.2B），雅诗兰黛净利率更高（3.8% vs 0.8%，领先3.0%），雅诗兰黛同比增速更快（5.6% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 3.6%）
雅诗兰黛是全球知名的高端美妆集团，由创始人雅诗·兰黛女士与丈夫约瑟夫·劳特共同创立。雅诗·兰黛女士也是唯一一位登上《时代》杂志1998年“20世纪20位最具影响力商业天才”榜单的女性，集团旗下拥有多个知名美妆、护肤、香氛品牌，业务覆盖全球众多国家和地区。
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。
EL 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
EL
高出4.9%
0.7%
净利率更高
EL
高出3.0%
0.8%
两年增速更快
SW
近两年复合增速
3.6%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $7.7B |
| 净利润 | $162.0M | $63.0M |
| 毛利率 | 76.5% | 16.4% |
| 营业利润率 | 9.5% | 3.3% |
| 净利率 | 3.8% | 0.8% |
| 营收同比 | 5.6% | 0.7% |
| 净利润同比 | 127.5% | 0.0% |
| 每股收益（稀释后） | $0.44 | $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ELSW
| Q1 26 | — | $7.7B | ||
| Q4 25 | $4.2B | $7.6B | ||
| Q3 25 | $3.5B | $8.0B | ||
| Q2 25 | $3.4B | $7.9B | ||
| Q1 25 | $3.5B | $7.7B | ||
| Q4 24 | $4.0B | $7.5B | ||
| Q3 24 | $3.4B | $7.7B | ||
| Q2 24 | $3.9B | $3.0B |
净利润ELSW
| Q1 26 | — | $63.0M | ||
| Q4 25 | $162.0M | $97.0M | ||
| Q3 25 | $47.0M | $246.0M | ||
| Q2 25 | $-546.0M | $-28.0M | ||
| Q1 25 | $159.0M | $384.0M | ||
| Q4 24 | $-590.0M | $146.0M | ||
| Q3 24 | $-156.0M | $-150.0M | ||
| Q2 24 | $-286.0M | $132.0M |
毛利率ELSW
| Q1 26 | — | 16.4% | ||
| Q4 25 | 76.5% | 18.2% | ||
| Q3 25 | 73.4% | 19.6% | ||
| Q2 25 | 72.0% | 19.1% | ||
| Q1 25 | 75.0% | 20.6% | ||
| Q4 24 | 76.1% | 19.1% | ||
| Q3 24 | 72.4% | 17.6% | ||
| Q2 24 | 71.8% | 23.3% |
营业利润率ELSW
| Q1 26 | — | 3.3% | ||
| Q4 25 | 9.5% | 5.1% | ||
| Q3 25 | 4.9% | 6.6% | ||
| Q2 25 | -11.4% | 3.2% | ||
| Q1 25 | 8.6% | 7.2% | ||
| Q4 24 | -14.5% | 5.3% | ||
| Q3 24 | -3.6% | 0.7% | ||
| Q2 24 | -6.0% | 8.2% |
净利率ELSW
| Q1 26 | — | 0.8% | ||
| Q4 25 | 3.8% | 1.3% | ||
| Q3 25 | 1.4% | 3.1% | ||
| Q2 25 | -16.0% | -0.4% | ||
| Q1 25 | 4.5% | 5.0% | ||
| Q4 24 | -14.7% | 1.9% | ||
| Q3 24 | -4.6% | -2.0% | ||
| Q2 24 | -7.4% | 4.4% |
每股收益（稀释后）ELSW
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.44 | $0.18 | ||
| Q3 25 | $0.13 | $0.47 | ||
| Q2 25 | $-1.52 | $-0.05 | ||
| Q1 25 | $0.44 | $0.73 | ||
| Q4 24 | $-1.64 | $-0.12 | ||
| Q3 24 | $-0.43 | $-0.30 | ||
| Q2 24 | $-0.79 | $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 | $7.3B | $980.0M |
| 股东权益账面价值 | $4.0B | $18.1B |
| 总资产 | $19.6B | $45.2B |
| 负债/权益比越低杠杆越低 | 1.82× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资ELSW
| Q1 26 | — | — | ||
| Q4 25 | — | $892.0M | ||
| Q3 25 | — | $851.0M | ||
| Q2 25 | — | $778.0M | ||
| Q1 25 | — | $797.0M | ||
| Q4 24 | — | $855.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $26.8K |
总债务ELSW
| Q1 26 | — | $980.0M | ||
| Q4 25 | $7.3B | $13.4B | ||
| Q3 25 | $7.3B | $13.3B | ||
| Q2 25 | $7.3B | $13.3B | ||
| Q1 25 | $7.3B | $12.9B | ||
| Q4 24 | $7.3B | $12.5B | ||
| Q3 24 | $7.3B | $13.2B | ||
| Q2 24 | $7.3B | — |
股东权益ELSW
| Q1 26 | — | $18.1B | ||
| Q4 25 | $4.0B | $18.3B | ||
| Q3 25 | $3.9B | $18.4B | ||
| Q2 25 | $3.9B | $18.3B | ||
| Q1 25 | $4.3B | $17.9B | ||
| Q4 24 | $4.2B | $17.4B | ||
| Q3 24 | $5.1B | $18.0B | ||
| Q2 24 | $5.3B | $14.5K |
总资产ELSW
| Q1 26 | — | $45.2B | ||
| Q4 25 | $19.6B | $45.2B | ||
| Q3 25 | $19.3B | $45.6B | ||
| Q2 25 | $19.9B | $45.7B | ||
| Q1 25 | $19.9B | $44.6B | ||
| Q4 24 | $19.8B | $43.8B | ||
| Q3 24 | $21.3B | $45.0B | ||
| Q2 24 | $21.7B | $26.8K |
负债/权益比ELSW
| Q1 26 | — | 0.05× | ||
| Q4 25 | 1.82× | 0.73× | ||
| Q3 25 | 1.88× | 0.72× | ||
| Q2 25 | 1.89× | 0.73× | ||
| Q1 25 | 1.68× | 0.72× | ||
| Q4 24 | 1.75× | 0.72× | ||
| Q3 24 | 1.44× | 0.73× | ||
| Q2 24 | 1.37× | — |
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 | $1.1B | $204.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | — |
| 自由现金流率自由现金流/营收 | 24.0% | — |
| 资本支出强度资本支出/营收 | 2.6% | — |
| 现金转化率经营现金流/净利润 | 6.94× | 3.24× |
| 过去12个月自由现金流最近4个季度 | $1.1B | — |
8季度趋势，按日历期对齐
经营现金流ELSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $-340.0M | $1.1B | ||
| Q2 25 | $601.0M | $829.0M | ||
| Q1 25 | $284.0M | $235.0M | ||
| Q4 24 | $1.1B | $781.0M | ||
| Q3 24 | $-670.0M | $320.0M | ||
| Q2 24 | $889.0M | $340.0M |
自由现金流ELSW
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $612.0M | ||
| Q3 25 | $-436.0M | $523.0M | ||
| Q2 25 | $394.0M | $307.0M | ||
| Q1 25 | $162.0M | $-242.0M | ||
| Q4 24 | $925.0M | $212.0M | ||
| Q3 24 | $-811.0M | $-192.0M | ||
| Q2 24 | $672.0M | $163.0M |
自由现金流率ELSW
| Q1 26 | — | — | ||
| Q4 25 | 24.0% | 8.1% | ||
| Q3 25 | -12.5% | 6.5% | ||
| Q2 25 | 11.6% | 3.9% | ||
| Q1 25 | 4.6% | -3.2% | ||
| Q4 24 | 23.1% | 2.8% | ||
| Q3 24 | -24.1% | -2.5% | ||
| Q2 24 | 17.4% | 5.5% |
资本支出强度ELSW
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 7.7% | ||
| Q3 25 | 2.8% | 7.6% | ||
| Q2 25 | 6.1% | 6.6% | ||
| Q1 25 | 3.4% | 6.2% | ||
| Q4 24 | 3.3% | 7.5% | ||
| Q3 24 | 4.2% | 6.7% | ||
| Q2 24 | 5.6% | 6.0% |
现金转化率ELSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 6.94× | 12.32× | ||
| Q3 25 | -7.23× | 4.61× | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.79× | 0.61× | ||
| Q4 24 | — | 5.35× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 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
EL
| Skin Care | $2.1B | 49% |
| Makeup | $1.2B | 28% |
| Fragrance | $812.0M | 19% |
| Hair Care | $168.0M | 4% |
| Other | $31.0M | 1% |
SW
暂无分部数据
