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GRAPHIC PACKAGING HOLDING CO（GPK）与Rivian Automotive, Inc.（RIVN）财务数据对比。点击上方公司名可切换其他公司
GRAPHIC PACKAGING HOLDING CO的季度营收约是Rivian Automotive, Inc.的1.6倍（$2.1B vs $1.3B），GRAPHIC PACKAGING HOLDING CO净利率更高（3.4% vs -63.1%，领先66.5%），GRAPHIC PACKAGING HOLDING CO同比增速更快（0.2% vs -25.8%），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% 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。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
GPK vs RIVN — 直观对比
营收规模更大
GPK
是对方的1.6倍
$1.3B
营收增速更快
GPK
高出26.1%
-25.8%
净利率更高
GPK
高出66.5%
-63.1%
两年增速更快
RIVN
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.3B |
| 净利润 | $71.0M | $-811.0M |
| 毛利率 | 14.1% | 9.3% |
| 营业利润率 | 7.4% | -64.8% |
| 净利率 | 3.4% | -63.1% |
| 营收同比 | 0.2% | -25.8% |
| 净利润同比 | -48.6% | -9.0% |
| 每股收益（稀释后） | $0.24 | $-0.66 |
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GPKRIVN
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.2B | $874.0M | ||
| Q2 24 | $2.2B | $1.2B | ||
| Q1 24 | $2.3B | $1.2B |
净利润GPKRIVN
| Q4 25 | $71.0M | $-811.0M | ||
| Q3 25 | $142.0M | $-1.2B | ||
| Q2 25 | $104.0M | $-1.1B | ||
| Q1 25 | $127.0M | $-545.0M | ||
| Q4 24 | $138.0M | $-744.0M | ||
| Q3 24 | $165.0M | $-1.1B | ||
| Q2 24 | $190.0M | $-1.5B | ||
| Q1 24 | $165.0M | $-1.4B |
毛利率GPKRIVN
| Q4 25 | 14.1% | 9.3% | ||
| Q3 25 | 19.6% | 1.5% | ||
| Q2 25 | 18.7% | -15.8% | ||
| Q1 25 | 20.6% | 16.6% | ||
| Q4 24 | 21.4% | 9.8% | ||
| Q3 24 | 22.3% | -44.9% | ||
| Q2 24 | 21.2% | -38.9% | ||
| Q1 24 | 23.0% | -43.8% |
营业利润率GPKRIVN
| Q4 25 | 7.4% | -64.8% | ||
| Q3 25 | 10.7% | -63.1% | ||
| Q2 25 | 8.8% | -85.5% | ||
| Q1 25 | 10.5% | -52.8% | ||
| Q4 24 | 11.4% | -38.1% | ||
| Q3 24 | 12.6% | -133.8% | ||
| Q2 24 | 14.5% | -118.7% | ||
| Q1 24 | 12.4% | -123.3% |
净利率GPKRIVN
| Q4 25 | 3.4% | -63.1% | ||
| Q3 25 | 6.5% | -75.3% | ||
| Q2 25 | 4.7% | -85.7% | ||
| Q1 25 | 6.0% | -44.0% | ||
| Q4 24 | 6.6% | -42.9% | ||
| Q3 24 | 7.5% | -125.9% | ||
| Q2 24 | 8.5% | -125.8% | ||
| Q1 24 | 7.3% | -120.1% |
每股收益（稀释后）GPKRIVN
| Q4 25 | $0.24 | $-0.66 | ||
| Q3 25 | $0.48 | $-0.96 | ||
| Q2 25 | $0.34 | $-0.97 | ||
| Q1 25 | $0.42 | $-0.48 | ||
| Q4 24 | $0.46 | $-0.67 | ||
| Q3 24 | $0.55 | $-1.08 | ||
| Q2 24 | $0.62 | $-1.46 | ||
| Q1 24 | $0.53 | $-1.48 |
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 | $6.1B |
| 总债务越低越好 | $5.0B | — |
| 股东权益账面价值 | $3.3B | $4.6B |
| 总资产 | $11.8B | $14.9B |
| 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GPKRIVN
| Q4 25 | $261.0M | $6.1B | ||
| Q3 25 | $120.0M | $7.1B | ||
| Q2 25 | $120.0M | $7.5B | ||
| Q1 25 | $129.0M | $7.2B | ||
| Q4 24 | $157.0M | $7.7B | ||
| Q3 24 | $126.0M | $6.7B | ||
| Q2 24 | $125.0M | $7.9B | ||
| Q1 24 | $136.0M | $7.9B |
总债务GPKRIVN
| Q4 25 | $5.0B | — | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $4.9B | $5.5B | ||
| Q1 24 | $4.9B | $4.4B |
股东权益GPKRIVN
| Q4 25 | $3.3B | $4.6B | ||
| Q3 25 | $3.3B | $5.1B | ||
| Q2 25 | $3.2B | $6.1B | ||
| Q1 25 | $3.2B | $6.2B | ||
| Q4 24 | $3.0B | $6.6B | ||
| Q3 24 | $3.0B | $5.9B | ||
| Q2 24 | $2.8B | $6.8B | ||
| Q1 24 | $2.9B | $8.1B |
总资产GPKRIVN
| Q4 25 | $11.8B | $14.9B | ||
| Q3 25 | $11.9B | $15.2B | ||
| Q2 25 | $11.8B | $15.6B | ||
| Q1 25 | $11.5B | $15.5B | ||
| Q4 24 | $11.1B | $15.4B | ||
| Q3 24 | $11.2B | $14.3B | ||
| Q2 24 | $10.8B | $15.4B | ||
| Q1 24 | $11.3B | $15.7B |
负债/权益比GPKRIVN
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.80× | — | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.79× | — | ||
| Q2 24 | 1.75× | 0.81× | ||
| Q1 24 | 1.73× | 0.55× |
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 | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-1.1B |
| 自由现金流率自由现金流/营收 | — | -89.0% |
| 资本支出强度资本支出/营收 | — | 36.0% |
| 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 | — | $-2.5B |
8季度趋势，按日历期对齐
经营现金流GPKRIVN
| Q4 25 | $521.0M | $-681.0M | ||
| Q3 25 | $227.0M | $26.0M | ||
| Q2 25 | $267.0M | $64.0M | ||
| Q1 25 | $-174.0M | $-188.0M | ||
| Q4 24 | $489.0M | $1.2B | ||
| Q3 24 | $187.0M | $-876.0M | ||
| Q2 24 | $161.0M | $-754.0M | ||
| Q1 24 | $3.0M | $-1.3B |
自由现金流GPKRIVN
| Q4 25 | — | $-1.1B | ||
| Q3 25 | — | $-421.0M | ||
| Q2 25 | — | $-398.0M | ||
| Q1 25 | — | $-526.0M | ||
| Q4 24 | — | $856.0M | ||
| Q3 24 | — | $-1.2B | ||
| Q2 24 | — | $-1.0B | ||
| Q1 24 | — | $-1.5B |
自由现金流率GPKRIVN
| Q4 25 | — | -89.0% | ||
| Q3 25 | — | -27.0% | ||
| Q2 25 | — | -30.5% | ||
| Q1 25 | — | -42.4% | ||
| Q4 24 | — | 49.4% | ||
| Q3 24 | — | -131.9% | ||
| Q2 24 | — | -89.6% | ||
| Q1 24 | — | -126.5% |
资本支出强度GPKRIVN
| Q4 25 | — | 36.0% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 35.5% | ||
| Q1 25 | — | 27.3% | ||
| Q4 24 | — | 18.9% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | — | 24.4% | ||
| Q1 24 | — | 21.1% |
现金转化率GPKRIVN
| Q4 25 | 7.34× | — | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | 2.57× | — | ||
| Q1 25 | -1.37× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 0.85× | — | ||
| Q1 24 | 0.02× | — |
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% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
