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GRAPHIC PACKAGING HOLDING CO（GPK）与哈特福德（HIG）财务数据对比。点击上方公司名可切换其他公司
哈特福德的季度营收约是GRAPHIC PACKAGING HOLDING CO的1.9倍（$4.1B vs $2.1B），哈特福德净利率更高（13.2% vs 3.4%，领先9.8%），GRAPHIC PACKAGING HOLDING CO同比增速更快（0.2% vs -43.7%），过去两年GRAPHIC PACKAGING HOLDING CO的营收复合增速更高（-3.5% vs -20.8%）
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。
哈特福德（The Hartford）是美国头部保险企业，位列2024年《财富》世界500强第162位，总部位于康涅狄格州哈特福德市。集团拥有200余年行业经验，在财产意外险、员工福利及共同基金领域处于领先地位，凭借优质服务、可持续运营与诚信经营广受认可。
GPK vs HIG — 直观对比
营收规模更大
HIG
是对方的1.9倍
$2.1B
营收增速更快
GPK
高出43.9%
-43.7%
净利率更高
HIG
高出9.8%
3.4%
两年增速更快
GPK
近两年复合增速
-20.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $4.1B |
| 净利润 | $71.0M | $536.0M |
| 毛利率 | 14.1% | — |
| 营业利润率 | 7.4% | — |
| 净利率 | 3.4% | 13.2% |
| 营收同比 | 0.2% | -43.7% |
| 净利润同比 | -48.6% | 12.0% |
| 每股收益（稀释后） | $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GPKHIG
| Q1 26 | — | $4.1B | ||
| Q4 25 | $2.1B | $7.3B | ||
| Q3 25 | $2.2B | $7.2B | ||
| Q2 25 | $2.2B | $7.0B | ||
| Q1 25 | $2.1B | $6.8B | ||
| Q4 24 | $2.1B | $6.9B | ||
| Q3 24 | $2.2B | $6.8B | ||
| Q2 24 | $2.2B | $6.5B |
净利润GPKHIG
| Q1 26 | — | $536.0M | ||
| Q4 25 | $71.0M | — | ||
| Q3 25 | $142.0M | $1.1B | ||
| Q2 25 | $104.0M | $995.0M | ||
| Q1 25 | $127.0M | $630.0M | ||
| Q4 24 | $138.0M | — | ||
| Q3 24 | $165.0M | $767.0M | ||
| Q2 24 | $190.0M | $738.0M |
毛利率GPKHIG
| Q1 26 | — | — | ||
| Q4 25 | 14.1% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 18.7% | — | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 22.3% | — | ||
| Q2 24 | 21.2% | — |
营业利润率GPKHIG
| Q1 26 | — | — | ||
| Q4 25 | 7.4% | 19.3% | ||
| Q3 25 | 10.7% | 18.2% | ||
| Q2 25 | 8.8% | 17.8% | ||
| Q1 25 | 10.5% | 11.5% | ||
| Q4 24 | 11.4% | 15.6% | ||
| Q3 24 | 12.6% | 14.1% | ||
| Q2 24 | 14.5% | 14.1% |
净利率GPKHIG
| Q1 26 | — | 13.2% | ||
| Q4 25 | 3.4% | — | ||
| Q3 25 | 6.5% | 14.9% | ||
| Q2 25 | 4.7% | 14.2% | ||
| Q1 25 | 6.0% | 9.3% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 7.5% | 11.4% | ||
| Q2 24 | 8.5% | 11.4% |
每股收益（稀释后）GPKHIG
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $3.96 | ||
| Q3 25 | $0.48 | $3.77 | ||
| Q2 25 | $0.34 | $3.44 | ||
| Q1 25 | $0.42 | $2.15 | ||
| Q4 24 | $0.46 | $2.88 | ||
| Q3 24 | $0.55 | $2.56 | ||
| Q2 24 | $0.62 | $2.44 |
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 | $261.0M | $1.7M |
| 总债务越低越好 | $5.0B | — |
| 股东权益账面价值 | $3.3B | $16.8M |
| 总资产 | $11.8B | $86.3M |
| 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GPKHIG
| Q1 26 | — | $1.7M | ||
| Q4 25 | $261.0M | — | ||
| Q3 25 | $120.0M | — | ||
| Q2 25 | $120.0M | — | ||
| Q1 25 | $129.0M | — | ||
| Q4 24 | $157.0M | — | ||
| Q3 24 | $126.0M | — | ||
| Q2 24 | $125.0M | — |
总债务GPKHIG
| Q1 26 | — | — | ||
| Q4 25 | $5.0B | $4.4B | ||
| Q3 25 | $5.5B | $4.4B | ||
| Q2 25 | $5.4B | $4.4B | ||
| Q1 25 | $5.7B | $4.4B | ||
| Q4 24 | $5.1B | $4.4B | ||
| Q3 24 | $5.4B | $4.4B | ||
| Q2 24 | $4.9B | $4.4B |
股东权益GPKHIG
| Q1 26 | — | $16.8M | ||
| Q4 25 | $3.3B | $19.0B | ||
| Q3 25 | $3.3B | $18.4B | ||
| Q2 25 | $3.2B | $17.5B | ||
| Q1 25 | $3.2B | $16.8B | ||
| Q4 24 | $3.0B | $16.4B | ||
| Q3 24 | $3.0B | $17.0B | ||
| Q2 24 | $2.8B | $15.7B |
总资产GPKHIG
| Q1 26 | — | $86.3M | ||
| Q4 25 | $11.8B | $86.0B | ||
| Q3 25 | $11.9B | $85.0B | ||
| Q2 25 | $11.8B | $83.6B | ||
| Q1 25 | $11.5B | $82.3B | ||
| Q4 24 | $11.1B | $80.9B | ||
| Q3 24 | $11.2B | $81.2B | ||
| Q2 24 | $10.8B | $79.0B |
负债/权益比GPKHIG
| Q1 26 | — | — | ||
| Q4 25 | 1.51× | 0.23× | ||
| Q3 25 | 1.67× | 0.24× | ||
| Q2 25 | 1.68× | 0.25× | ||
| Q1 25 | 1.80× | 0.26× | ||
| Q4 24 | 1.71× | 0.27× | ||
| Q3 24 | 1.79× | 0.26× | ||
| Q2 24 | 1.75× | 0.28× |
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 | $521.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流GPKHIG
| Q1 26 | — | — | ||
| Q4 25 | $521.0M | $5.9B | ||
| Q3 25 | $227.0M | $1.8B | ||
| Q2 25 | $267.0M | $1.3B | ||
| Q1 25 | $-174.0M | $985.0M | ||
| Q4 24 | $489.0M | $5.9B | ||
| Q3 24 | $187.0M | $1.7B | ||
| Q2 24 | $161.0M | $1.3B |
自由现金流GPKHIG
| Q1 26 | — | — | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $947.0M | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.2B |
自由现金流率GPKHIG
| Q1 26 | — | — | ||
| Q4 25 | — | 78.4% | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 17.9% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | — | 83.8% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 18.5% |
资本支出强度GPKHIG
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.9% |
现金转化率GPKHIG
| Q1 26 | — | — | ||
| Q4 25 | 7.34× | — | ||
| Q3 25 | 1.60× | 1.70× | ||
| Q2 25 | 2.57× | 1.30× | ||
| Q1 25 | -1.37× | 1.56× | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 1.13× | 2.19× | ||
| Q2 24 | 0.85× | 1.71× |
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
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
HIG
| Earned premiums | $3.6B | 88% |
| Other | $486.0M | 12% |
| Fee income | $12.0M | 0% |
