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GRAPHIC PACKAGING HOLDING CO（GPK）与RXO, Inc.（RXO）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RXO, Inc.的1.4倍（$2.1B vs $1.5B），GRAPHIC PACKAGING HOLDING CO净利率更高（3.4% vs -3.1%，领先6.5%），GRAPHIC PACKAGING HOLDING CO同比增速更快（0.2% vs -11.9%），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
GPK vs RXO — 直观对比
营收规模更大
GPK
是对方的1.4倍
$1.5B
营收增速更快
GPK
高出12.1%
-11.9%
净利率更高
GPK
高出6.5%
-3.1%
两年增速更快
RXO
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.5B |
| 净利润 | $71.0M | $-46.0M |
| 毛利率 | 14.1% | — |
| 营业利润率 | 7.4% | -2.9% |
| 净利率 | 3.4% | -3.1% |
| 营收同比 | 0.2% | -11.9% |
| 净利润同比 | -48.6% | -84.0% |
| 每股收益（稀释后） | $0.24 | $-0.28 |
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GPKRXO
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.2B | $1.0B | ||
| Q2 24 | $2.2B | $930.0M | ||
| Q1 24 | $2.3B | $913.0M |
净利润GPKRXO
| Q4 25 | $71.0M | $-46.0M | ||
| Q3 25 | $142.0M | $-14.0M | ||
| Q2 25 | $104.0M | $-9.0M | ||
| Q1 25 | $127.0M | $-31.0M | ||
| Q4 24 | $138.0M | $-25.0M | ||
| Q3 24 | $165.0M | $-243.0M | ||
| Q2 24 | $190.0M | $-7.0M | ||
| Q1 24 | $165.0M | $-15.0M |
毛利率GPKRXO
| 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GPKRXO
| Q4 25 | 7.4% | -2.9% | ||
| Q3 25 | 10.7% | -0.5% | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 10.5% | -2.1% | ||
| Q4 24 | 11.4% | -1.4% | ||
| Q3 24 | 12.6% | -1.9% | ||
| Q2 24 | 14.5% | — | ||
| Q1 24 | 12.4% | -1.3% |
净利率GPKRXO
| Q4 25 | 3.4% | -3.1% | ||
| Q3 25 | 6.5% | -1.0% | ||
| Q2 25 | 4.7% | -0.6% | ||
| Q1 25 | 6.0% | -2.2% | ||
| Q4 24 | 6.6% | -1.5% | ||
| Q3 24 | 7.5% | -23.4% | ||
| Q2 24 | 8.5% | -0.8% | ||
| Q1 24 | 7.3% | -1.6% |
每股收益（稀释后）GPKRXO
| Q4 25 | $0.24 | $-0.28 | ||
| Q3 25 | $0.48 | $-0.08 | ||
| Q2 25 | $0.34 | $-0.05 | ||
| Q1 25 | $0.42 | $-0.18 | ||
| Q4 24 | $0.46 | $-0.17 | ||
| Q3 24 | $0.55 | $-1.81 | ||
| Q2 24 | $0.62 | $-0.06 | ||
| Q1 24 | $0.53 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $5.0B | $387.0M |
| 股东权益账面价值 | $3.3B | $1.5B |
| 总资产 | $11.8B | $3.3B |
| 负债/权益比越低杠杆越低 | 1.51× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资GPKRXO
| Q4 25 | $261.0M | $17.0M | ||
| Q3 25 | $120.0M | $25.0M | ||
| Q2 25 | $120.0M | $18.0M | ||
| Q1 25 | $129.0M | $16.0M | ||
| Q4 24 | $157.0M | $35.0M | ||
| Q3 24 | $126.0M | $55.0M | ||
| Q2 24 | $125.0M | $7.0M | ||
| Q1 24 | $136.0M | $7.0M |
总债务GPKRXO
| Q4 25 | $5.0B | $387.0M | ||
| Q3 25 | $5.5B | $387.0M | ||
| Q2 25 | $5.4B | $387.0M | ||
| Q1 25 | $5.7B | $387.0M | ||
| Q4 24 | $5.1B | $351.0M | ||
| Q3 24 | $5.4B | $352.0M | ||
| Q2 24 | $4.9B | $370.0M | ||
| Q1 24 | $4.9B | $351.0M |
股东权益GPKRXO
| Q4 25 | $3.3B | $1.5B | ||
| Q3 25 | $3.3B | $1.6B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $3.2B | $1.6B | ||
| Q4 24 | $3.0B | $1.6B | ||
| Q3 24 | $3.0B | $1.7B | ||
| Q2 24 | $2.8B | $579.0M | ||
| Q1 24 | $2.9B | $582.0M |
总资产GPKRXO
| Q4 25 | $11.8B | $3.3B | ||
| Q3 25 | $11.9B | $3.2B | ||
| Q2 25 | $11.8B | $3.2B | ||
| Q1 25 | $11.5B | $3.3B | ||
| Q4 24 | $11.1B | $3.4B | ||
| Q3 24 | $11.2B | $3.4B | ||
| Q2 24 | $10.8B | $1.8B | ||
| Q1 24 | $11.3B | $1.8B |
负债/权益比GPKRXO
| Q4 25 | 1.51× | 0.25× | ||
| Q3 25 | 1.67× | 0.24× | ||
| Q2 25 | 1.68× | 0.24× | ||
| Q1 25 | 1.80× | 0.24× | ||
| Q4 24 | 1.71× | 0.22× | ||
| Q3 24 | 1.79× | 0.21× | ||
| Q2 24 | 1.75× | 0.64× | ||
| Q1 24 | 1.73× | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-9.0M |
| 自由现金流率自由现金流/营收 | — | -0.6% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 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 | — | $-8.0M |
8季度趋势，按日历期对齐
经营现金流GPKRXO
| Q4 25 | $521.0M | $7.0M | ||
| Q3 25 | $227.0M | $23.0M | ||
| Q2 25 | $267.0M | $23.0M | ||
| Q1 25 | $-174.0M | $-2.0M | ||
| Q4 24 | $489.0M | $-7.0M | ||
| Q3 24 | $187.0M | $-7.0M | ||
| Q2 24 | $161.0M | $-5.0M | ||
| Q1 24 | $3.0M | $7.0M |
自由现金流GPKRXO
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | — | $-16.0M | ||
| Q1 24 | — | $-4.0M |
自由现金流率GPKRXO
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | — | -0.4% |
资本支出强度GPKRXO
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.2% |
现金转化率GPKRXO
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
