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盖璞（GAP）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的季度营收约是盖璞的2.0倍（$7.7B vs $3.9B），盖璞净利率更高（6.0% vs 0.8%，领先5.2%），盖璞同比增速更快（3.0% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs -4.2%）
盖璞（Gap Inc.）是总部位于美国加利福尼亚州旧金山的跨国服饰零售商，1969年由唐纳德·费舍尔与多丽丝·费舍尔创立，旗下拥有Gap、Banana Republic、Old Navy、Athleta四大核心品牌，是美国最大的服饰零售商之一，全球门店数量位列全球第三，仅次于Inditex集团和H&M。
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。
GAP vs SW — 直观对比
营收规模更大
SW
是对方的2.0倍
$3.9B
营收增速更快
GAP
高出2.2%
0.7%
净利率更高
GAP
高出5.2%
0.8%
两年增速更快
SW
近两年复合增速
-4.2%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $7.7B |
| 净利润 | $236.0M | $63.0M |
| 毛利率 | 42.4% | 16.4% |
| 营业利润率 | 8.5% | 3.3% |
| 净利率 | 6.0% | 0.8% |
| 营收同比 | 3.0% | 0.7% |
| 净利润同比 | -13.9% | 0.0% |
| 每股收益（稀释后） | $0.62 | $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GAPSW
| Q1 26 | — | $7.7B | ||
| Q4 25 | $3.9B | $7.6B | ||
| Q3 25 | $3.7B | $8.0B | ||
| Q2 25 | $3.5B | $7.9B | ||
| Q1 25 | $4.1B | $7.7B | ||
| Q4 24 | $3.8B | $7.5B | ||
| Q3 24 | $3.7B | $7.7B | ||
| Q2 24 | $3.4B | $3.0B |
净利润GAPSW
| Q1 26 | — | $63.0M | ||
| Q4 25 | $236.0M | $97.0M | ||
| Q3 25 | $216.0M | $246.0M | ||
| Q2 25 | $193.0M | $-28.0M | ||
| Q1 25 | $206.0M | $384.0M | ||
| Q4 24 | $274.0M | $146.0M | ||
| Q3 24 | $206.0M | $-150.0M | ||
| Q2 24 | $158.0M | $132.0M |
毛利率GAPSW
| Q1 26 | — | 16.4% | ||
| Q4 25 | 42.4% | 18.2% | ||
| Q3 25 | 41.2% | 19.6% | ||
| Q2 25 | 41.8% | 19.1% | ||
| Q1 25 | 38.9% | 20.6% | ||
| Q4 24 | 42.7% | 19.1% | ||
| Q3 24 | 42.6% | 17.6% | ||
| Q2 24 | 41.2% | 23.3% |
营业利润率GAPSW
| Q1 26 | — | 3.3% | ||
| Q4 25 | 8.5% | 5.1% | ||
| Q3 25 | 7.8% | 6.6% | ||
| Q2 25 | 7.5% | 3.2% | ||
| Q1 25 | 6.2% | 7.2% | ||
| Q4 24 | 9.3% | 5.3% | ||
| Q3 24 | 7.9% | 0.7% | ||
| Q2 24 | 6.1% | 8.2% |
净利率GAPSW
| Q1 26 | — | 0.8% | ||
| Q4 25 | 6.0% | 1.3% | ||
| Q3 25 | 5.8% | 3.1% | ||
| Q2 25 | 5.6% | -0.4% | ||
| Q1 25 | 5.0% | 5.0% | ||
| Q4 24 | 7.2% | 1.9% | ||
| Q3 24 | 5.5% | -2.0% | ||
| Q2 24 | 4.7% | 4.4% |
每股收益（稀释后）GAPSW
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.62 | $0.18 | ||
| Q3 25 | $0.57 | $0.47 | ||
| Q2 25 | $0.51 | $-0.05 | ||
| Q1 25 | $0.53 | $0.73 | ||
| Q4 24 | $0.72 | $-0.12 | ||
| Q3 24 | $0.54 | $-0.30 | ||
| Q2 24 | $0.41 | $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 | $2.5B | — |
| 总债务越低越好 | — | $980.0M |
| 股东权益账面价值 | $3.6B | $18.1B |
| 总资产 | $12.4B | $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GAPSW
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $892.0M | ||
| Q3 25 | $2.4B | $851.0M | ||
| Q2 25 | $2.2B | $778.0M | ||
| Q1 25 | $2.6B | $797.0M | ||
| Q4 24 | $2.2B | $855.0M | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $1.7B | $26.8K |
总债务GAPSW
| Q1 26 | — | $980.0M | ||
| Q4 25 | — | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益GAPSW
| Q1 26 | — | $18.1B | ||
| Q4 25 | $3.6B | $18.3B | ||
| Q3 25 | $3.4B | $18.4B | ||
| Q2 25 | $3.3B | $18.3B | ||
| Q1 25 | $3.3B | $17.9B | ||
| Q4 24 | $3.1B | $17.4B | ||
| Q3 24 | $2.9B | $18.0B | ||
| Q2 24 | $2.7B | $14.5K |
总资产GAPSW
| Q1 26 | — | $45.2B | ||
| Q4 25 | $12.4B | $45.2B | ||
| Q3 25 | $12.1B | $45.6B | ||
| Q2 25 | $11.6B | $45.7B | ||
| Q1 25 | $11.9B | $44.6B | ||
| Q4 24 | $11.9B | $43.8B | ||
| Q3 24 | $11.5B | $45.0B | ||
| Q2 24 | $10.9B | $26.8K |
负债/权益比GAPSW
| Q1 26 | — | 0.05× | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 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 | $299.0M | $204.0M |
| 自由现金流经营现金流 - 资本支出 | $153.0M | — |
| 自由现金流率自由现金流/营收 | 3.9% | — |
| 资本支出强度资本支出/营收 | 3.7% | — |
| 现金转化率经营现金流/净利润 | 1.27× | 3.24× |
| 过去12个月自由现金流最近4个季度 | $779.0M | — |
8季度趋势，按日历期对齐
经营现金流GAPSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $299.0M | $1.2B | ||
| Q3 25 | $448.0M | $1.1B | ||
| Q2 25 | $-140.0M | $829.0M | ||
| Q1 25 | $616.0M | $235.0M | ||
| Q4 24 | $291.0M | $781.0M | ||
| Q3 24 | $549.0M | $320.0M | ||
| Q2 24 | $30.0M | $340.0M |
自由现金流GAPSW
| Q1 26 | — | — | ||
| Q4 25 | $153.0M | $612.0M | ||
| Q3 25 | $350.0M | $523.0M | ||
| Q2 25 | $-223.0M | $307.0M | ||
| Q1 25 | $499.0M | $-242.0M | ||
| Q4 24 | $143.0M | $212.0M | ||
| Q3 24 | $460.0M | $-192.0M | ||
| Q2 24 | $-63.0M | $163.0M |
自由现金流率GAPSW
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 8.1% | ||
| Q3 25 | 9.4% | 6.5% | ||
| Q2 25 | -6.4% | 3.9% | ||
| Q1 25 | 12.0% | -3.2% | ||
| Q4 24 | 3.7% | 2.8% | ||
| Q3 24 | 12.4% | -2.5% | ||
| Q2 24 | -1.9% | 5.5% |
资本支出强度GAPSW
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 7.7% | ||
| Q3 25 | 2.6% | 7.6% | ||
| Q2 25 | 2.4% | 6.6% | ||
| Q1 25 | 2.8% | 6.2% | ||
| Q4 24 | 3.9% | 7.5% | ||
| Q3 24 | 2.4% | 6.7% | ||
| Q2 24 | 2.7% | 6.0% |
现金转化率GAPSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 1.27× | 12.32× | ||
| Q3 25 | 2.07× | 4.61× | ||
| Q2 25 | -0.73× | — | ||
| Q1 25 | 2.99× | 0.61× | ||
| Q4 24 | 1.06× | 5.35× | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 0.19× | 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
GAP
| Other | $2.2B | 55% |
| Online Sales | $1.6B | 40% |
| CA | $191.0M | 5% |
| Other Regions | $13.0M | 0% |
SW
暂无分部数据
