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GRAPHIC PACKAGING HOLDING CO（GPK）与欧文斯科宁（OC）财务数据对比。点击上方公司名可切换其他公司
欧文斯科宁的季度营收约是GRAPHIC PACKAGING HOLDING CO的1.0倍（$2.1B vs $2.1B），GRAPHIC PACKAGING HOLDING CO净利率更高（3.4% vs -13.9%，领先17.3%），GRAPHIC PACKAGING HOLDING CO同比增速更快（0.2% vs -24.6%），过去两年欧文斯科宁的营收复合增速更高（-3.5% 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。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
GPK vs OC — 直观对比
营收规模更大
OC
是对方的1.0倍
$2.1B
营收增速更快
GPK
高出24.8%
-24.6%
净利率更高
GPK
高出17.3%
-13.9%
两年增速更快
OC
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.1B |
| 净利润 | $71.0M | $-298.0M |
| 毛利率 | 14.1% | 23.2% |
| 营业利润率 | 7.4% | -10.5% |
| 净利率 | 3.4% | -13.9% |
| 营收同比 | 0.2% | -24.6% |
| 净利润同比 | -48.6% | -15.5% |
| 每股收益（稀释后） | $0.24 | $-3.47 |
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GPKOC
| Q4 25 | $2.1B | $2.1B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $2.2B | $2.7B | ||
| Q1 25 | $2.1B | $2.5B | ||
| Q4 24 | $2.1B | $2.8B | ||
| Q3 24 | $2.2B | $3.0B | ||
| Q2 24 | $2.2B | $2.8B | ||
| Q1 24 | $2.3B | $2.3B |
净利润GPKOC
| Q4 25 | $71.0M | $-298.0M | ||
| Q3 25 | $142.0M | $-494.0M | ||
| Q2 25 | $104.0M | $363.0M | ||
| Q1 25 | $127.0M | $-93.0M | ||
| Q4 24 | $138.0M | $-258.0M | ||
| Q3 24 | $165.0M | $321.0M | ||
| Q2 24 | $190.0M | $285.0M | ||
| Q1 24 | $165.0M | $299.0M |
毛利率GPKOC
| Q4 25 | 14.1% | 23.2% | ||
| Q3 25 | 19.6% | 28.2% | ||
| Q2 25 | 18.7% | 31.2% | ||
| Q1 25 | 20.6% | 28.7% | ||
| Q4 24 | 21.4% | 28.1% | ||
| Q3 24 | 22.3% | 29.8% | ||
| Q2 24 | 21.2% | 31.1% | ||
| Q1 24 | 23.0% | 29.6% |
营业利润率GPKOC
| Q4 25 | 7.4% | -10.5% | ||
| Q3 25 | 10.7% | -12.2% | ||
| Q2 25 | 8.8% | 18.4% | ||
| Q1 25 | 10.5% | 16.1% | ||
| Q4 24 | 11.4% | -8.5% | ||
| Q3 24 | 12.6% | 16.7% | ||
| Q2 24 | 14.5% | 16.4% | ||
| Q1 24 | 12.4% | 17.5% |
净利率GPKOC
| Q4 25 | 3.4% | -13.9% | ||
| Q3 25 | 6.5% | -18.4% | ||
| Q2 25 | 4.7% | 13.2% | ||
| Q1 25 | 6.0% | -3.7% | ||
| Q4 24 | 6.6% | -9.1% | ||
| Q3 24 | 7.5% | 10.5% | ||
| Q2 24 | 8.5% | 10.2% | ||
| Q1 24 | 7.3% | 13.0% |
每股收益（稀释后）GPKOC
| Q4 25 | $0.24 | $-3.47 | ||
| Q3 25 | $0.48 | $-5.92 | ||
| Q2 25 | $0.34 | $4.25 | ||
| Q1 25 | $0.42 | $-1.08 | ||
| Q4 24 | $0.46 | $-2.92 | ||
| Q3 24 | $0.55 | $3.65 | ||
| Q2 24 | $0.62 | $3.24 | ||
| Q1 24 | $0.53 | $3.40 |
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 | $345.0M |
| 总债务越低越好 | $5.0B | $4.7B |
| 股东权益账面价值 | $3.3B | $3.9B |
| 总资产 | $11.8B | $13.0B |
| 负债/权益比越低杠杆越低 | 1.51× | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资GPKOC
| Q4 25 | $261.0M | $345.0M | ||
| Q3 25 | $120.0M | $286.0M | ||
| Q2 25 | $120.0M | $230.0M | ||
| Q1 25 | $129.0M | $400.0M | ||
| Q4 24 | $157.0M | $361.0M | ||
| Q3 24 | $126.0M | $499.0M | ||
| Q2 24 | $125.0M | $254.0M | ||
| Q1 24 | $136.0M | $1.3B |
总债务GPKOC
| Q4 25 | $5.0B | $4.7B | ||
| Q3 25 | $5.5B | $4.7B | ||
| Q2 25 | $5.4B | $5.1B | ||
| Q1 25 | $5.7B | $5.0B | ||
| Q4 24 | $5.1B | $5.1B | ||
| Q3 24 | $5.4B | $5.0B | ||
| Q2 24 | $4.9B | $5.0B | ||
| Q1 24 | $4.9B | $2.6B |
股东权益GPKOC
| Q4 25 | $3.3B | $3.9B | ||
| Q3 25 | $3.3B | $4.4B | ||
| Q2 25 | $3.2B | $5.2B | ||
| Q1 25 | $3.2B | $4.9B | ||
| Q4 24 | $3.0B | $5.1B | ||
| Q3 24 | $3.0B | $5.6B | ||
| Q2 24 | $2.8B | $5.5B | ||
| Q1 24 | $2.9B | $5.2B |
总资产GPKOC
| Q4 25 | $11.8B | $13.0B | ||
| Q3 25 | $11.9B | $13.5B | ||
| Q2 25 | $11.8B | $14.5B | ||
| Q1 25 | $11.5B | $14.3B | ||
| Q4 24 | $11.1B | $14.1B | ||
| Q3 24 | $11.2B | $15.1B | ||
| Q2 24 | $10.8B | $15.0B | ||
| Q1 24 | $11.3B | $11.3B |
负债/权益比GPKOC
| Q4 25 | 1.51× | 1.22× | ||
| Q3 25 | 1.67× | 1.06× | ||
| Q2 25 | 1.68× | 0.98× | ||
| Q1 25 | 1.80× | 1.03× | ||
| Q4 24 | 1.71× | 1.01× | ||
| Q3 24 | 1.79× | 0.89× | ||
| Q2 24 | 1.75× | 0.92× | ||
| Q1 24 | 1.73× | 0.51× |
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 | $590.0M |
| 自由现金流经营现金流 - 资本支出 | — | $333.0M |
| 自由现金流率自由现金流/营收 | — | 15.5% |
| 资本支出强度资本支出/营收 | — | 12.0% |
| 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 | — | $962.0M |
8季度趋势，按日历期对齐
经营现金流GPKOC
| Q4 25 | $521.0M | $590.0M | ||
| Q3 25 | $227.0M | $918.0M | ||
| Q2 25 | $267.0M | $327.0M | ||
| Q1 25 | $-174.0M | $-49.0M | ||
| Q4 24 | $489.0M | $676.0M | ||
| Q3 24 | $187.0M | $699.0M | ||
| Q2 24 | $161.0M | $493.0M | ||
| Q1 24 | $3.0M | $24.0M |
自由现金流GPKOC
| Q4 25 | — | $333.0M | ||
| Q3 25 | — | $752.0M | ||
| Q2 25 | — | $129.0M | ||
| Q1 25 | — | $-252.0M | ||
| Q4 24 | — | $479.0M | ||
| Q3 24 | — | $558.0M | ||
| Q2 24 | — | $336.0M | ||
| Q1 24 | — | $-128.0M |
自由现金流率GPKOC
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 28.0% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | -10.0% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | — | 18.3% | ||
| Q2 24 | — | 12.0% | ||
| Q1 24 | — | -5.6% |
资本支出强度GPKOC
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 7.2% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | 6.6% |
现金转化率GPKOC
| Q4 25 | 7.34× | — | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | 2.57× | 0.90× | ||
| Q1 25 | -1.37× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 1.13× | 2.18× | ||
| Q2 24 | 0.85× | 1.73× | ||
| Q1 24 | 0.02× | 0.08× |
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% |
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
