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通用磨坊（GIS）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的季度营收约是通用磨坊的1.6倍（$7.7B vs $4.9B），通用磨坊净利率更高（8.5% vs 0.8%，领先7.7%），Smurfit Westrock同比增速更快（0.7% vs -7.2%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs -2.4%）
通用磨坊是美国知名跨国消费食品企业，主营品牌包装食品的生产与营销，产品通过零售渠道面向大众发售。公司发源于明尼阿波利斯市密西西比河畔的圣安东尼瀑布区域，最初以大型面粉加工业务闻名，现总部位于明尼阿波利斯市郊的明尼苏达州金谷市。
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。
GIS vs SW — 直观对比
营收规模更大
SW
是对方的1.6倍
$4.9B
营收增速更快
SW
高出8.0%
-7.2%
净利率更高
GIS
高出7.7%
0.8%
两年增速更快
SW
近两年复合增速
-2.4%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $7.7B |
| 净利润 | $413.0M | $63.0M |
| 毛利率 | 34.8% | 16.4% |
| 营业利润率 | 15.0% | 3.3% |
| 净利率 | 8.5% | 0.8% |
| 营收同比 | -7.2% | 0.7% |
| 净利润同比 | -48.1% | — |
| 每股收益（稀释后） | $0.78 | $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GISSW
| Q1 26 | — | $7.7B | ||
| Q4 25 | $4.9B | $7.6B | ||
| Q3 25 | $4.5B | $8.0B | ||
| Q2 25 | $4.6B | $7.9B | ||
| Q1 25 | $4.8B | $7.7B | ||
| Q4 24 | $5.2B | $7.5B | ||
| Q3 24 | $4.8B | $7.7B | ||
| Q2 24 | $4.7B | $3.0B |
净利润GISSW
| Q1 26 | — | $63.0M | ||
| Q4 25 | $413.0M | $97.0M | ||
| Q3 25 | $1.2B | $246.0M | ||
| Q2 25 | $294.0M | $-28.0M | ||
| Q1 25 | $625.6M | $384.0M | ||
| Q4 24 | $795.7M | $146.0M | ||
| Q3 24 | $579.9M | $-150.0M | ||
| Q2 24 | $557.5M | $132.0M |
毛利率GISSW
| Q1 26 | — | 16.4% | ||
| Q4 25 | 34.8% | 18.2% | ||
| Q3 25 | 33.9% | 19.6% | ||
| Q2 25 | 32.4% | 19.1% | ||
| Q1 25 | 33.9% | 20.6% | ||
| Q4 24 | 36.9% | 19.1% | ||
| Q3 24 | 34.8% | 17.6% | ||
| Q2 24 | 35.8% | 23.3% |
营业利润率GISSW
| Q1 26 | — | 3.3% | ||
| Q4 25 | 15.0% | 5.1% | ||
| Q3 25 | 38.2% | 6.6% | ||
| Q2 25 | 11.1% | 3.2% | ||
| Q1 25 | 18.4% | 7.2% | ||
| Q4 24 | 20.6% | 5.3% | ||
| Q3 24 | 17.2% | 0.7% | ||
| Q2 24 | 16.5% | 8.2% |
净利率GISSW
| Q1 26 | — | 0.8% | ||
| Q4 25 | 8.5% | 1.3% | ||
| Q3 25 | 26.7% | 3.1% | ||
| Q2 25 | 6.5% | -0.4% | ||
| Q1 25 | 12.9% | 5.0% | ||
| Q4 24 | 15.2% | 1.9% | ||
| Q3 24 | 12.0% | -2.0% | ||
| Q2 24 | 11.8% | 4.4% |
每股收益（稀释后）GISSW
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.78 | $0.18 | ||
| Q3 25 | $2.22 | $0.47 | ||
| Q2 25 | $0.53 | $-0.05 | ||
| Q1 25 | $1.12 | $0.73 | ||
| Q4 24 | $1.42 | $-0.12 | ||
| Q3 24 | $1.03 | $-0.30 | ||
| Q2 24 | $0.98 | $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 | $683.4M | — |
| 总债务越低越好 | $12.2B | $980.0M |
| 股东权益账面价值 | $9.3B | $18.1B |
| 总资产 | $32.5B | $45.2B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资GISSW
| Q1 26 | — | — | ||
| Q4 25 | $683.4M | $892.0M | ||
| Q3 25 | $952.9M | $851.0M | ||
| Q2 25 | $363.9M | $778.0M | ||
| Q1 25 | $521.3M | $797.0M | ||
| Q4 24 | $2.3B | $855.0M | ||
| Q3 24 | $468.1M | — | ||
| Q2 24 | $418.0M | $26.8K |
总债务GISSW
| Q1 26 | — | $980.0M | ||
| Q4 25 | $12.2B | $13.4B | ||
| Q3 25 | $12.2B | $13.3B | ||
| Q2 25 | $12.7B | $13.3B | ||
| Q1 25 | $11.8B | $12.9B | ||
| Q4 24 | $12.4B | $12.5B | ||
| Q3 24 | $11.4B | $13.2B | ||
| Q2 24 | $11.3B | — |
股东权益GISSW
| Q1 26 | — | $18.1B | ||
| Q4 25 | $9.3B | $18.3B | ||
| Q3 25 | $9.5B | $18.4B | ||
| Q2 25 | $9.2B | $18.3B | ||
| Q1 25 | $9.3B | $17.9B | ||
| Q4 24 | $9.2B | $17.4B | ||
| Q3 24 | $9.3B | $18.0B | ||
| Q2 24 | $9.4B | $14.5K |
总资产GISSW
| Q1 26 | — | $45.2B | ||
| Q4 25 | $32.5B | $45.2B | ||
| Q3 25 | $33.0B | $45.6B | ||
| Q2 25 | $33.1B | $45.7B | ||
| Q1 25 | $32.7B | $44.6B | ||
| Q4 24 | $33.4B | $43.8B | ||
| Q3 24 | $31.8B | $45.0B | ||
| Q2 24 | $31.5B | $26.8K |
负债/权益比GISSW
| Q1 26 | — | 0.05× | ||
| Q4 25 | 1.31× | 0.73× | ||
| Q3 25 | 1.29× | 0.72× | ||
| Q2 25 | 1.38× | 0.73× | ||
| Q1 25 | 1.28× | 0.72× | ||
| Q4 24 | 1.35× | 0.72× | ||
| Q3 24 | 1.23× | 0.73× | ||
| Q2 24 | 1.20× | — |
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 | $819.3M | $204.0M |
| 自由现金流经营现金流 - 资本支出 | $675.7M | — |
| 自由现金流率自由现金流/营收 | 13.9% | — |
| 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 | 1.98× | 3.24× |
| 过去12个月自由现金流最近4个季度 | $1.8B | — |
8季度趋势，按日历期对齐
经营现金流GISSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $819.3M | $1.2B | ||
| Q3 25 | $397.0M | $1.1B | ||
| Q2 25 | $611.6M | $829.0M | ||
| Q1 25 | $531.9M | $235.0M | ||
| Q4 24 | $1.2B | $781.0M | ||
| Q3 24 | $624.2M | $320.0M | ||
| Q2 24 | $863.7M | $340.0M |
自由现金流GISSW
| Q1 26 | — | — | ||
| Q4 25 | $675.7M | $612.0M | ||
| Q3 25 | $287.5M | $523.0M | ||
| Q2 25 | $391.4M | $307.0M | ||
| Q1 25 | $428.0M | $-242.0M | ||
| Q4 24 | $989.6M | $212.0M | ||
| Q3 24 | $483.9M | $-192.0M | ||
| Q2 24 | $575.2M | $163.0M |
自由现金流率GISSW
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 8.1% | ||
| Q3 25 | 6.4% | 6.5% | ||
| Q2 25 | 8.6% | 3.9% | ||
| Q1 25 | 8.8% | -3.2% | ||
| Q4 24 | 18.9% | 2.8% | ||
| Q3 24 | 10.0% | -2.5% | ||
| Q2 24 | 12.2% | 5.5% |
资本支出强度GISSW
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 7.7% | ||
| Q3 25 | 2.4% | 7.6% | ||
| Q2 25 | 4.8% | 6.6% | ||
| Q1 25 | 2.1% | 6.2% | ||
| Q4 24 | 3.1% | 7.5% | ||
| Q3 24 | 2.9% | 6.7% | ||
| Q2 24 | 6.1% | 6.0% |
现金转化率GISSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 1.98× | 12.32× | ||
| Q3 25 | 0.33× | 4.61× | ||
| Q2 25 | 2.08× | — | ||
| Q1 25 | 0.85× | 0.61× | ||
| Q4 24 | 1.45× | 5.35× | ||
| Q3 24 | 1.08× | — | ||
| Q2 24 | 1.55× | 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
GIS
| Snacks | $1.0B | 21% |
| Convenient Meals | $827.0M | 17% |
| Cereal | $791.2M | 16% |
| Dough | $720.9M | 15% |
| Pet | $698.7M | 14% |
| Baking Mixes And Ingredients | $556.0M | 11% |
| Super Premium Ice Cream | $175.8M | 4% |
| Other Product | $73.3M | 2% |
SW
暂无分部数据
