vs
Fastenal（FAST）与GRAPHIC PACKAGING HOLDING CO（GPK）财务数据对比。点击上方公司名可切换其他公司
GRAPHIC PACKAGING HOLDING CO的季度营收约是Fastenal的1.0倍（$2.1B vs $2.0B），Fastenal净利率更高（14.5% vs 3.4%，领先11.1%），Fastenal同比增速更快（3.5% vs 0.2%），过去两年Fastenal的营收复合增速更高（2.9% vs -3.5%）
Fastenal是1967年成立的美国上市企业，总部位于明尼苏达州威诺纳，是北美最大的紧固件分销商，同时也是工业和建筑用品的主流供应商，可提供货柜备货、智能售货柜、库存管理、物流配送等一站式供应链解决方案。
Graphic Packaging Holding是总部位于美国佐治亚州亚特兰大的世界500强企业，专注于设计和生产商用产品包装解决方案，主营纸板及折叠纸盒业务，产品广泛应用于饮料、包装食品等各类热门消费品领域，在美国多州运营采用回收原料的纸板工厂。
FAST vs GPK — 直观对比
营收规模更大
GPK
是对方的1.0倍
$2.0B
营收增速更快
FAST
高出3.2%
0.2%
净利率更高
FAST
高出11.1%
3.4%
两年增速更快
FAST
近两年复合增速
-3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.1B |
| 净利润 | $293.9M | $71.0M |
| 毛利率 | 44.3% | 14.1% |
| 营业利润率 | 18.9% | 7.4% |
| 净利率 | 14.5% | 3.4% |
| 营收同比 | 3.5% | 0.2% |
| 净利润同比 | -1.6% | -48.6% |
| 每股收益（稀释后） | $-0.01 | $0.24 |
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FASTGPK
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $2.1B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.0B | $2.1B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.9B | $2.2B | ||
| Q2 24 | $1.9B | $2.2B |
净利润FASTGPK
| Q1 26 | $293.9M | — | ||
| Q4 25 | $293.9M | $71.0M | ||
| Q3 25 | $335.5M | $142.0M | ||
| Q2 25 | $330.3M | $104.0M | ||
| Q1 25 | $298.7M | $127.0M | ||
| Q4 24 | $262.1M | $138.0M | ||
| Q3 24 | $298.1M | $165.0M | ||
| Q2 24 | $292.7M | $190.0M |
毛利率FASTGPK
| Q1 26 | 44.3% | — | ||
| Q4 25 | 44.3% | 14.1% | ||
| Q3 25 | 45.3% | 19.6% | ||
| Q2 25 | 45.3% | 18.7% | ||
| Q1 25 | 45.1% | 20.6% | ||
| Q4 24 | 44.8% | 21.4% | ||
| Q3 24 | 44.9% | 22.3% | ||
| Q2 24 | 45.1% | 21.2% |
营业利润率FASTGPK
| Q1 26 | 18.9% | — | ||
| Q4 25 | 18.9% | 7.4% | ||
| Q3 25 | 20.7% | 10.7% | ||
| Q2 25 | 21.0% | 8.8% | ||
| Q1 25 | 20.1% | 10.5% | ||
| Q4 24 | 18.9% | 11.4% | ||
| Q3 24 | 20.3% | 12.6% | ||
| Q2 24 | 20.2% | 14.5% |
净利率FASTGPK
| Q1 26 | 14.5% | — | ||
| Q4 25 | 14.5% | 3.4% | ||
| Q3 25 | 15.7% | 6.5% | ||
| Q2 25 | 15.9% | 4.7% | ||
| Q1 25 | 15.2% | 6.0% | ||
| Q4 24 | 14.4% | 6.6% | ||
| Q3 24 | 15.6% | 7.5% | ||
| Q2 24 | 15.3% | 8.5% |
每股收益（稀释后）FASTGPK
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.01 | $0.24 | ||
| Q3 25 | $0.29 | $0.48 | ||
| Q2 25 | $0.29 | $0.34 | ||
| Q1 25 | $0.52 | $0.42 | ||
| Q4 24 | $0.45 | $0.46 | ||
| Q3 24 | $0.52 | $0.55 | ||
| Q2 24 | $0.51 | $0.62 |
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 | $276.8M | $261.0M |
| 总债务越低越好 | $125.0M | $5.0B |
| 股东权益账面价值 | $3.9B | $3.3B |
| 总资产 | $5.1B | $11.8B |
| 负债/权益比越低杠杆越低 | 0.03× | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资FASTGPK
| Q1 26 | $276.8M | — | ||
| Q4 25 | $276.8M | $261.0M | ||
| Q3 25 | $288.1M | $120.0M | ||
| Q2 25 | $237.8M | $120.0M | ||
| Q1 25 | $231.8M | $129.0M | ||
| Q4 24 | $255.8M | $157.0M | ||
| Q3 24 | $292.2M | $126.0M | ||
| Q2 24 | $255.5M | $125.0M |
总债务FASTGPK
| Q1 26 | $125.0M | — | ||
| Q4 25 | $125.0M | $5.0B | ||
| Q3 25 | $195.0M | $5.5B | ||
| Q2 25 | $230.0M | $5.4B | ||
| Q1 25 | $200.0M | $5.7B | ||
| Q4 24 | $200.0M | $5.1B | ||
| Q3 24 | $240.0M | $5.4B | ||
| Q2 24 | $235.0M | $4.9B |
股东权益FASTGPK
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $3.3B | ||
| Q3 25 | $3.9B | $3.3B | ||
| Q2 25 | $3.8B | $3.2B | ||
| Q1 25 | $3.7B | $3.2B | ||
| Q4 24 | $3.6B | $3.0B | ||
| Q3 24 | $3.6B | $3.0B | ||
| Q2 24 | $3.5B | $2.8B |
总资产FASTGPK
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.1B | $11.8B | ||
| Q3 25 | $5.1B | $11.9B | ||
| Q2 25 | $5.0B | $11.8B | ||
| Q1 25 | $4.9B | $11.5B | ||
| Q4 24 | $4.7B | $11.1B | ||
| Q3 24 | $4.7B | $11.2B | ||
| Q2 24 | $4.6B | $10.8B |
负债/权益比FASTGPK
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.03× | 1.51× | ||
| Q3 25 | 0.05× | 1.67× | ||
| Q2 25 | 0.06× | 1.68× | ||
| Q1 25 | 0.05× | 1.80× | ||
| Q4 24 | 0.06× | 1.71× | ||
| Q3 24 | 0.07× | 1.79× | ||
| Q2 24 | 0.07× | 1.75× |
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 | $368.2M | $521.0M |
| 自由现金流经营现金流 - 资本支出 | $308.2M | — |
| 自由现金流率自由现金流/营收 | 15.2% | — |
| 资本支出强度资本支出/营收 | 3.0% | — |
| 现金转化率经营现金流/净利润 | 1.25× | 7.34× |
| 过去12个月自由现金流最近4个季度 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流FASTGPK
| Q1 26 | $368.2M | — | ||
| Q4 25 | $368.2M | $521.0M | ||
| Q3 25 | $386.9M | $227.0M | ||
| Q2 25 | $278.6M | $267.0M | ||
| Q1 25 | $262.2M | $-174.0M | ||
| Q4 24 | $282.8M | $489.0M | ||
| Q3 24 | $296.9M | $187.0M | ||
| Q2 24 | $258.0M | $161.0M |
自由现金流FASTGPK
| Q1 26 | $308.2M | — | ||
| Q4 25 | $308.2M | — | ||
| Q3 25 | $326.6M | — | ||
| Q2 25 | $209.3M | — | ||
| Q1 25 | $206.5M | — | ||
| Q4 24 | $222.6M | — | ||
| Q3 24 | $237.5M | — | ||
| Q2 24 | $201.9M | — |
自由现金流率FASTGPK
| Q1 26 | 15.2% | — | ||
| Q4 25 | 15.2% | — | ||
| Q3 25 | 15.3% | — | ||
| Q2 25 | 10.1% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 12.2% | — | ||
| Q3 24 | 12.4% | — | ||
| Q2 24 | 10.5% | — |
资本支出强度FASTGPK
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 3.1% | — | ||
| Q2 24 | 2.9% | — |
现金转化率FASTGPK
| Q1 26 | 1.25× | — | ||
| Q4 25 | 1.25× | 7.34× | ||
| Q3 25 | 1.15× | 1.60× | ||
| Q2 25 | 0.84× | 2.57× | ||
| Q1 25 | 0.88× | -1.37× | ||
| Q4 24 | 1.08× | 3.54× | ||
| Q3 24 | 1.00× | 1.13× | ||
| Q2 24 | 0.88× | 0.85× |
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
FAST
| Reportable Segment Aggregation Before Other Operating Segment | $1.8B | 90% |
| Other | $211.2M | 10% |
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
