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福陆（FLR）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
福陆的季度营收约是GRAPHIC PACKAGING HOLDING CO的2.0倍（$4.2B vs $2.1B），GRAPHIC PACKAGING HOLDING CO净利率更高（3.4% vs -37.7%，领先41.1%），GRAPHIC PACKAGING HOLDING CO同比增速更快（0.2% vs -2.0%），过去两年福陆的营收复合增速更高（5.7% vs -3.5%）
福陆是总部位于美国得克萨斯州欧文市的工程建设企业，通过旗下子公司提供油气、工业与基础设施、政府项目及电力三大核心领域的服务，是《财富》世界500强中排名最高的上市工程建设企业，总排名位列第265位。
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。
FLR vs GPK — 直观对比
营收规模更大
FLR
是对方的2.0倍
$2.1B
营收增速更快
GPK
高出2.2%
-2.0%
净利率更高
GPK
高出41.1%
-37.7%
两年增速更快
FLR
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.1B |
| 净利润 | $-1.6B | $71.0M |
| 毛利率 | 3.2% | 14.1% |
| 营业利润率 | 1.3% | 7.4% |
| 净利率 | -37.7% | 3.4% |
| 营收同比 | -2.0% | 0.2% |
| 净利润同比 | -184.4% | -48.6% |
| 每股收益（稀释后） | $-9.40 | $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FLRGPK
| Q4 25 | $4.2B | $2.1B | ||
| Q3 25 | $3.4B | $2.2B | ||
| Q2 25 | $4.0B | $2.2B | ||
| Q1 25 | $4.0B | $2.1B | ||
| Q4 24 | $4.3B | $2.1B | ||
| Q3 24 | $4.1B | $2.2B | ||
| Q2 24 | $4.2B | $2.2B | ||
| Q1 24 | $3.7B | $2.3B |
净利润FLRGPK
| Q4 25 | $-1.6B | $71.0M | ||
| Q3 25 | $-697.0M | $142.0M | ||
| Q2 25 | $2.5B | $104.0M | ||
| Q1 25 | $-241.0M | $127.0M | ||
| Q4 24 | $1.9B | $138.0M | ||
| Q3 24 | $54.0M | $165.0M | ||
| Q2 24 | $169.0M | $190.0M | ||
| Q1 24 | $59.0M | $165.0M |
毛利率FLRGPK
| Q4 25 | 3.2% | 14.1% | ||
| Q3 25 | -13.3% | 19.6% | ||
| Q2 25 | 1.4% | 18.7% | ||
| Q1 25 | 3.5% | 20.6% | ||
| Q4 24 | 4.9% | 21.4% | ||
| Q3 24 | 2.1% | 22.3% | ||
| Q2 24 | 4.2% | 21.2% | ||
| Q1 24 | 2.7% | 23.0% |
营业利润率FLRGPK
| Q4 25 | 1.3% | 7.4% | ||
| Q3 25 | -14.7% | 10.7% | ||
| Q2 25 | -0.7% | 8.8% | ||
| Q1 25 | 2.3% | 10.5% | ||
| Q4 24 | 4.4% | 11.4% | ||
| Q3 24 | 1.2% | 12.6% | ||
| Q2 24 | 4.2% | 14.5% | ||
| Q1 24 | 1.4% | 12.4% |
净利率FLRGPK
| Q4 25 | -37.7% | 3.4% | ||
| Q3 25 | -20.7% | 6.5% | ||
| Q2 25 | 61.8% | 4.7% | ||
| Q1 25 | -6.1% | 6.0% | ||
| Q4 24 | 43.7% | 6.6% | ||
| Q3 24 | 1.3% | 7.5% | ||
| Q2 24 | 4.0% | 8.5% | ||
| Q1 24 | 1.6% | 7.3% |
每股收益（稀释后）FLRGPK
| Q4 25 | $-9.40 | $0.24 | ||
| Q3 25 | $-4.30 | $0.48 | ||
| Q2 25 | $14.81 | $0.34 | ||
| Q1 25 | $-1.42 | $0.42 | ||
| Q4 24 | $10.68 | $0.46 | ||
| Q3 24 | $0.31 | $0.55 | ||
| Q2 24 | $0.97 | $0.62 | ||
| Q1 24 | $0.34 | $0.53 |
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 | $2.2B | $261.0M |
| 总债务越低越好 | — | $5.0B |
| 股东权益账面价值 | $3.2B | $3.3B |
| 总资产 | $8.2B | $11.8B |
| 负债/权益比越低杠杆越低 | — | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资FLRGPK
| Q4 25 | $2.2B | $261.0M | ||
| Q3 25 | $2.8B | $120.0M | ||
| Q2 25 | $2.3B | $120.0M | ||
| Q1 25 | $2.5B | $129.0M | ||
| Q4 24 | $3.0B | $157.0M | ||
| Q3 24 | $3.0B | $126.0M | ||
| Q2 24 | $2.7B | $125.0M | ||
| Q1 24 | $2.4B | $136.0M |
总债务FLRGPK
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.9B |
股东权益FLRGPK
| Q4 25 | $3.2B | $3.3B | ||
| Q3 25 | $5.2B | $3.3B | ||
| Q2 25 | $5.9B | $3.2B | ||
| Q1 25 | $3.6B | $3.2B | ||
| Q4 24 | $3.9B | $3.0B | ||
| Q3 24 | $2.3B | $3.0B | ||
| Q2 24 | $2.1B | $2.8B | ||
| Q1 24 | $2.0B | $2.9B |
总资产FLRGPK
| Q4 25 | $8.2B | $11.8B | ||
| Q3 25 | $11.5B | $11.9B | ||
| Q2 25 | $11.8B | $11.8B | ||
| Q1 25 | $8.4B | $11.5B | ||
| Q4 24 | $9.1B | $11.1B | ||
| Q3 24 | $7.1B | $11.2B | ||
| Q2 24 | $6.8B | $10.8B | ||
| Q1 24 | $6.7B | $11.3B |
负债/权益比FLRGPK
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | — | 1.68× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 1.71× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | 1.73× |
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 | $-366.0M | $521.0M |
| 自由现金流经营现金流 - 资本支出 | $-378.0M | — |
| 自由现金流率自由现金流/营收 | -9.1% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | — | 7.34× |
| 过去12个月自由现金流最近4个季度 | $-437.0M | — |
8季度趋势，按日历期对齐
经营现金流FLRGPK
| Q4 25 | $-366.0M | $521.0M | ||
| Q3 25 | $286.0M | $227.0M | ||
| Q2 25 | $-21.0M | $267.0M | ||
| Q1 25 | $-286.0M | $-174.0M | ||
| Q4 24 | $327.0M | $489.0M | ||
| Q3 24 | $330.0M | $187.0M | ||
| Q2 24 | $282.0M | $161.0M | ||
| Q1 24 | $-111.0M | $3.0M |
自由现金流FLRGPK
| Q4 25 | $-378.0M | — | ||
| Q3 25 | $273.0M | — | ||
| Q2 25 | $-35.0M | — | ||
| Q1 25 | $-297.0M | — | ||
| Q4 24 | $296.0M | — | ||
| Q3 24 | $279.0M | — | ||
| Q2 24 | $234.0M | — | ||
| Q1 24 | $-145.0M | — |
自由现金流率FLRGPK
| Q4 25 | -9.1% | — | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | -0.9% | — | ||
| Q1 25 | -7.5% | — | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | -3.9% | — |
资本支出强度FLRGPK
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 0.9% | — |
现金转化率FLRGPK
| Q4 25 | — | 7.34× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | -0.01× | 2.57× | ||
| Q1 25 | — | -1.37× | ||
| Q4 24 | 0.18× | 3.54× | ||
| Q3 24 | 6.11× | 1.13× | ||
| Q2 24 | 1.67× | 0.85× | ||
| Q1 24 | -1.88× | 0.02× |
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
FLR
| Urban Solutions Segment | $2.6B | 63% |
| Energy Solutions Segment | $943.0M | 23% |
| Mission Solutions Segment | $600.0M | 14% |
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
