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GRAPHIC PACKAGING HOLDING CO（GPK）与J.B. Hunt（JBHT）财务数据对比。点击上方公司名可切换其他公司
J.B. Hunt的季度营收约是GRAPHIC PACKAGING HOLDING CO的1.5倍（$3.1B vs $2.1B），J.B. Hunt净利率更高（5.8% vs 3.4%，领先2.5%），GRAPHIC PACKAGING HOLDING CO同比增速更快（0.2% vs -1.6%），过去两年J.B. Hunt的营收复合增速更高（2.6% vs -3.5%）
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。
J.B.亨特运输服务公司是总部位于美国阿肯色州洛厄尔的运输物流企业，1961年8月10日由约翰尼·布莱恩·亨特与乔内尔·亨特在阿肯色州创立。截至1983年，公司已成为美国第80大卡车运输企业，营收达6.2347亿美元，当时运营550台牵引车、1049辆挂车，拥有约1050名员工。
GPK vs JBHT — 直观对比
营收规模更大
JBHT
是对方的1.5倍
$2.1B
营收增速更快
GPK
高出1.8%
-1.6%
净利率更高
JBHT
高出2.5%
3.4%
两年增速更快
JBHT
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.1B |
| 净利润 | $71.0M | $181.1M |
| 毛利率 | 14.1% | — |
| 营业利润率 | 7.4% | 8.0% |
| 净利率 | 3.4% | 5.8% |
| 营收同比 | 0.2% | -1.6% |
| 净利润同比 | -48.6% | 16.5% |
| 每股收益（稀释后） | $0.24 | $1.88 |
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GPKJBHT
| Q4 25 | $2.1B | $3.1B | ||
| Q3 25 | $2.2B | $3.1B | ||
| Q2 25 | $2.2B | $2.9B | ||
| Q1 25 | $2.1B | $2.9B | ||
| Q4 24 | $2.1B | $3.1B | ||
| Q3 24 | $2.2B | $3.1B | ||
| Q2 24 | $2.2B | $2.9B | ||
| Q1 24 | $2.3B | $2.9B |
净利润GPKJBHT
| Q4 25 | $71.0M | $181.1M | ||
| Q3 25 | $142.0M | $170.8M | ||
| Q2 25 | $104.0M | $128.6M | ||
| Q1 25 | $127.0M | $117.7M | ||
| Q4 24 | $138.0M | $155.5M | ||
| Q3 24 | $165.0M | $152.1M | ||
| Q2 24 | $190.0M | $135.9M | ||
| Q1 24 | $165.0M | $127.5M |
毛利率GPKJBHT
| 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% | — | ||
| Q1 24 | 23.0% | — |
营业利润率GPKJBHT
| Q4 25 | 7.4% | 8.0% | ||
| Q3 25 | 10.7% | 7.9% | ||
| Q2 25 | 8.8% | 6.7% | ||
| Q1 25 | 10.5% | 6.1% | ||
| Q4 24 | 11.4% | 6.6% | ||
| Q3 24 | 12.6% | 7.3% | ||
| Q2 24 | 14.5% | 7.0% | ||
| Q1 24 | 12.4% | 6.6% |
净利率GPKJBHT
| Q4 25 | 3.4% | 5.8% | ||
| Q3 25 | 6.5% | 5.6% | ||
| Q2 25 | 4.7% | 4.4% | ||
| Q1 25 | 6.0% | 4.0% | ||
| Q4 24 | 6.6% | 4.9% | ||
| Q3 24 | 7.5% | 5.0% | ||
| Q2 24 | 8.5% | 4.6% | ||
| Q1 24 | 7.3% | 4.3% |
每股收益（稀释后）GPKJBHT
| Q4 25 | $0.24 | $1.88 | ||
| Q3 25 | $0.48 | $1.76 | ||
| Q2 25 | $0.34 | $1.31 | ||
| Q1 25 | $0.42 | $1.17 | ||
| Q4 24 | $0.46 | $1.53 | ||
| Q3 24 | $0.55 | $1.49 | ||
| Q2 24 | $0.62 | $1.32 | ||
| Q1 24 | $0.53 | $1.22 |
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 | $17.3M |
| 总债务越低越好 | $5.0B | — |
| 股东权益账面价值 | $3.3B | $3.6B |
| 总资产 | $11.8B | $7.9B |
| 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GPKJBHT
| Q4 25 | $261.0M | $17.3M | ||
| Q3 25 | $120.0M | $52.3M | ||
| Q2 25 | $120.0M | $50.9M | ||
| Q1 25 | $129.0M | $43.4M | ||
| Q4 24 | $157.0M | $47.0M | ||
| Q3 24 | $126.0M | $120.0M | ||
| Q2 24 | $125.0M | $53.5M | ||
| Q1 24 | $136.0M | $64.2M |
总债务GPKJBHT
| Q4 25 | $5.0B | — | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.1B | $977.7M | ||
| Q3 24 | $5.4B | $1.0B | ||
| Q2 24 | $4.9B | $1.5B | ||
| Q1 24 | $4.9B | $1.4B |
股东权益GPKJBHT
| Q4 25 | $3.3B | $3.6B | ||
| Q3 25 | $3.3B | $3.6B | ||
| Q2 25 | $3.2B | $3.7B | ||
| Q1 25 | $3.2B | $3.9B | ||
| Q4 24 | $3.0B | $4.0B | ||
| Q3 24 | $3.0B | $4.0B | ||
| Q2 24 | $2.8B | $4.1B | ||
| Q1 24 | $2.9B | $4.2B |
总资产GPKJBHT
| Q4 25 | $11.8B | $7.9B | ||
| Q3 25 | $11.9B | $8.1B | ||
| Q2 25 | $11.8B | $8.2B | ||
| Q1 25 | $11.5B | $8.3B | ||
| Q4 24 | $11.1B | $8.3B | ||
| Q3 24 | $11.2B | $8.3B | ||
| Q2 24 | $10.8B | $8.4B | ||
| Q1 24 | $11.3B | $8.4B |
负债/权益比GPKJBHT
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.80× | — | ||
| Q4 24 | 1.71× | 0.24× | ||
| Q3 24 | 1.79× | 0.26× | ||
| Q2 24 | 1.75× | 0.36× | ||
| Q1 24 | 1.73× | 0.33× |
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 | $385.6M |
| 自由现金流经营现金流 - 资本支出 | — | $251.3M |
| 自由现金流率自由现金流/营收 | — | 8.1% |
| 资本支出强度资本支出/营收 | — | 4.3% |
| 现金转化率经营现金流/净利润 | 7.34× | 2.13× |
| 过去12个月自由现金流最近4个季度 | — | $947.6M |
8季度趋势，按日历期对齐
经营现金流GPKJBHT
| Q4 25 | $521.0M | $385.6M | ||
| Q3 25 | $227.0M | $486.4M | ||
| Q2 25 | $267.0M | $402.1M | ||
| Q1 25 | $-174.0M | $404.2M | ||
| Q4 24 | $489.0M | $317.6M | ||
| Q3 24 | $187.0M | $338.5M | ||
| Q2 24 | $161.0M | $360.6M | ||
| Q1 24 | $3.0M | $466.5M |
自由现金流GPKJBHT
| Q4 25 | — | $251.3M | ||
| Q3 25 | — | $352.4M | ||
| Q2 25 | — | $185.6M | ||
| Q1 25 | — | $158.4M | ||
| Q4 24 | — | $93.3M | ||
| Q3 24 | — | $163.1M | ||
| Q2 24 | — | $98.2M | ||
| Q1 24 | — | $263.1M |
自由现金流率GPKJBHT
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 8.9% |
资本支出强度GPKJBHT
| Q4 25 | — | 4.3% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 7.4% | ||
| Q1 25 | — | 8.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | — | 6.9% |
现金转化率GPKJBHT
| Q4 25 | 7.34× | 2.13× | ||
| Q3 25 | 1.60× | 2.85× | ||
| Q2 25 | 2.57× | 3.13× | ||
| Q1 25 | -1.37× | 3.43× | ||
| Q4 24 | 3.54× | 2.04× | ||
| Q3 24 | 1.13× | 2.23× | ||
| Q2 24 | 0.85× | 2.65× | ||
| Q1 24 | 0.02× | 3.66× |
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% |
JBHT
| JBI | $1.5B | 50% |
| DCS | $842.8M | 27% |
| ICS | $304.5M | 10% |
| FMS | $206.3M | 7% |
| JBT | $200.7M | 6% |
