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GROUP 1 AUTOMOTIVE INC（GPI）与国际纸业（IP）财务数据对比。点击上方公司名可切换其他公司
国际纸业的季度营收约是GROUP 1 AUTOMOTIVE INC的1.1倍（$6.0B vs $5.6B），国际纸业净利率更高（1.0% vs 0.8%，领先0.2%），GROUP 1 AUTOMOTIVE INC同比增速更快（0.6% vs -0.6%），国际纸业自由现金流更多（$94.0M vs $51.4M），过去两年国际纸业的营收复合增速更高（12.3% vs 11.7%）
Group 1 Automotive Inc是《财富》300强跨国汽车零售商，在美国及英国设有汽车经销门店与碰撞维修中心，业务涵盖新旧乘用车、轻型卡车销售，配套金融服务办理、车辆维保及汽车零配件销售，截至2024年全球员工规模超2万人。
国际纸业是总部位于美国田纳西州孟菲斯的纸浆及造纸企业，为全球规模最大的同类型企业，目前拥有约3.9万名员工，产品覆盖纸浆、包装用纸、办公用纸等品类，业务遍及全球多个国家和地区，广泛服务各行业客户的相关需求。
GPI vs IP — 直观对比
营收规模更大
IP
是对方的1.1倍
$5.6B
营收增速更快
GPI
高出1.2%
-0.6%
净利率更高
IP
高出0.2%
0.8%
自由现金流更多
IP
多$42.6M
$51.4M
两年增速更快
IP
近两年复合增速
11.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.6B | $6.0B |
| 净利润 | $43.6M | $60.0M |
| 毛利率 | 15.7% | — |
| 营业利润率 | 2.5% | — |
| 净利率 | 0.8% | 1.0% |
| 营收同比 | 0.6% | -0.6% |
| 净利润同比 | -54.0% | 157.1% |
| 每股收益（稀释后） | $3.75 | $0.14 |
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GPIIP
| Q1 26 | — | $6.0B | ||
| Q4 25 | $5.6B | $4.7B | ||
| Q3 25 | $5.8B | $6.2B | ||
| Q2 25 | $5.7B | $6.8B | ||
| Q1 25 | $5.5B | $5.9B | ||
| Q4 24 | $5.5B | $4.6B | ||
| Q3 24 | $5.2B | $4.7B | ||
| Q2 24 | $4.7B | $4.7B |
净利润GPIIP
| Q1 26 | — | $60.0M | ||
| Q4 25 | $43.6M | $-2.4B | ||
| Q3 25 | $13.0M | $-1.1B | ||
| Q2 25 | $140.5M | $75.0M | ||
| Q1 25 | $128.1M | $-105.0M | ||
| Q4 24 | $94.7M | $-147.0M | ||
| Q3 24 | $117.3M | $150.0M | ||
| Q2 24 | $138.2M | $498.0M |
毛利率GPIIP
| Q1 26 | — | — | ||
| Q4 25 | 15.7% | 32.2% | ||
| Q3 25 | 15.9% | 31.1% | ||
| Q2 25 | 16.4% | 27.9% | ||
| Q1 25 | 16.2% | 27.8% | ||
| Q4 24 | 15.9% | 29.0% | ||
| Q3 24 | 16.3% | 28.7% | ||
| Q2 24 | 16.3% | 29.0% |
营业利润率GPIIP
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | -56.4% | ||
| Q3 25 | 1.9% | -10.8% | ||
| Q2 25 | 4.4% | 1.7% | ||
| Q1 25 | 4.2% | -2.3% | ||
| Q4 24 | 3.5% | -4.9% | ||
| Q3 24 | 4.4% | 5.1% | ||
| Q2 24 | 5.1% | 6.8% |
净利率GPIIP
| Q1 26 | — | 1.0% | ||
| Q4 25 | 0.8% | -50.3% | ||
| Q3 25 | 0.2% | -17.7% | ||
| Q2 25 | 2.5% | 1.1% | ||
| Q1 25 | 2.3% | -1.8% | ||
| Q4 24 | 1.7% | -3.2% | ||
| Q3 24 | 2.2% | 3.2% | ||
| Q2 24 | 2.9% | 10.5% |
每股收益（稀释后）GPIIP
| Q1 26 | — | $0.14 | ||
| Q4 25 | $3.75 | $-4.76 | ||
| Q3 25 | $1.00 | $-2.09 | ||
| Q2 25 | $10.82 | $0.14 | ||
| Q1 25 | $9.67 | $-0.24 | ||
| Q4 24 | $7.15 | $-0.42 | ||
| Q3 24 | $8.69 | $0.42 | ||
| Q2 24 | $10.17 | $1.41 |
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 | $32.5M | — |
| 总债务越低越好 | $3.4B | $8.2B |
| 股东权益账面价值 | $2.8B | $14.8B |
| 总资产 | $10.3B | $36.4B |
| 负债/权益比越低杠杆越低 | 1.23× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资GPIIP
| Q1 26 | — | — | ||
| Q4 25 | $32.5M | $1.1B | ||
| Q3 25 | $30.8M | $995.0M | ||
| Q2 25 | $52.7M | $1.1B | ||
| Q1 25 | $70.5M | $1.2B | ||
| Q4 24 | $34.4M | $1.2B | ||
| Q3 24 | $58.7M | $1.2B | ||
| Q2 24 | $64.4M | $1.0B |
总债务GPIIP
| Q1 26 | — | $8.2B | ||
| Q4 25 | $3.4B | $8.8B | ||
| Q3 25 | $3.3B | $9.0B | ||
| Q2 25 | $3.1B | $9.7B | ||
| Q1 25 | $2.7B | $9.2B | ||
| Q4 24 | $2.7B | $5.4B | ||
| Q3 24 | $2.7B | $5.3B | ||
| Q2 24 | $2.3B | $5.3B |
股东权益GPIIP
| Q1 26 | — | $14.8B | ||
| Q4 25 | $2.8B | $14.8B | ||
| Q3 25 | $3.1B | $17.3B | ||
| Q2 25 | $3.1B | $18.6B | ||
| Q1 25 | $3.0B | $18.1B | ||
| Q4 24 | $3.0B | $8.2B | ||
| Q3 24 | $3.0B | $8.6B | ||
| Q2 24 | $2.9B | $8.6B |
总资产GPIIP
| Q1 26 | — | $36.4B | ||
| Q4 25 | $10.3B | $38.0B | ||
| Q3 25 | $10.4B | $40.6B | ||
| Q2 25 | $10.2B | $42.4B | ||
| Q1 25 | $9.9B | $41.2B | ||
| Q4 24 | $9.8B | $22.8B | ||
| Q3 24 | $10.0B | $23.2B | ||
| Q2 24 | $8.9B | $23.1B |
负债/权益比GPIIP
| Q1 26 | — | 0.55× | ||
| Q4 25 | 1.23× | 0.60× | ||
| Q3 25 | 1.06× | 0.52× | ||
| Q2 25 | 0.97× | 0.52× | ||
| Q1 25 | 0.89× | 0.51× | ||
| Q4 24 | 0.92× | 0.66× | ||
| Q3 24 | 0.91× | 0.62× | ||
| Q2 24 | 0.80× | 0.62× |
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 | $129.2M | — |
| 自由现金流经营现金流 - 资本支出 | $51.4M | $94.0M |
| 自由现金流率自由现金流/营收 | 0.9% | 1.6% |
| 资本支出强度资本支出/营收 | 1.4% | 8.7% |
| 现金转化率经营现金流/净利润 | 2.96× | — |
| 过去12个月自由现金流最近4个季度 | $424.5M | $553.0M |
8季度趋势，按日历期对齐
经营现金流GPIIP
| Q1 26 | — | — | ||
| Q4 25 | $129.2M | $905.0M | ||
| Q3 25 | $155.0M | $605.0M | ||
| Q2 25 | $251.6M | $476.0M | ||
| Q1 25 | $158.7M | $-288.0M | ||
| Q4 24 | $212.6M | $397.0M | ||
| Q3 24 | $243.9M | $521.0M | ||
| Q2 24 | $-124.1M | $365.0M |
自由现金流GPIIP
| Q1 26 | — | $94.0M | ||
| Q4 25 | $51.4M | $255.0M | ||
| Q3 25 | $86.7M | $150.0M | ||
| Q2 25 | $179.9M | $54.0M | ||
| Q1 25 | $106.5M | $-618.0M | ||
| Q4 24 | $120.1M | $137.0M | ||
| Q3 24 | $194.2M | $309.0M | ||
| Q2 24 | $-163.8M | $167.0M |
自由现金流率GPIIP
| Q1 26 | — | 1.6% | ||
| Q4 25 | 0.9% | 5.4% | ||
| Q3 25 | 1.5% | 2.4% | ||
| Q2 25 | 3.2% | 0.8% | ||
| Q1 25 | 1.9% | -10.5% | ||
| Q4 24 | 2.2% | 3.0% | ||
| Q3 24 | 3.7% | 6.6% | ||
| Q2 24 | -3.5% | 3.5% |
资本支出强度GPIIP
| Q1 26 | — | 8.7% | ||
| Q4 25 | 1.4% | 13.7% | ||
| Q3 25 | 1.2% | 7.3% | ||
| Q2 25 | 1.3% | 6.2% | ||
| Q1 25 | 0.9% | 5.6% | ||
| Q4 24 | 1.7% | 5.7% | ||
| Q3 24 | 1.0% | 4.5% | ||
| Q2 24 | 0.8% | 4.2% |
现金转化率GPIIP
| Q1 26 | — | — | ||
| Q4 25 | 2.96× | — | ||
| Q3 25 | 11.92× | — | ||
| Q2 25 | 1.79× | 6.35× | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 2.24× | — | ||
| Q3 24 | 2.08× | 3.47× | ||
| Q2 24 | -0.90× | 0.73× |
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
GPI
| New Vehicles Retail | $2.8B | 50% |
| Used Vehicles Retail | $1.7B | 31% |
| Parts And Service | $700.2M | 13% |
| Financial Service | $229.7M | 4% |
| Used Vehicles Wholesale | $143.5M | 3% |
IP
| Packaging Solutions North America | $3.6B | 61% |
| Packaging Solutions EMEA | $2.3B | 39% |
| Corporate and Inter-segment Sales | $22.0M | 0% |
