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GRAPHIC PACKAGING HOLDING CO（GPK）与Unum Group（UNM）财务数据对比。点击上方公司名可切换其他公司
Unum Group的季度营收约是GRAPHIC PACKAGING HOLDING CO的1.6倍（$3.4B vs $2.1B），Unum Group净利率更高（6.9% vs 3.4%，领先3.5%），Unum Group同比增速更快（8.5% vs 0.2%），过去两年Unum Group的营收复合增速更高（1.9% 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。
Unum Group是美国财富500强保险企业，总部位于田纳西州查塔努加，前身为1848年成立的联合相互保险公司，1999年合并后曾用名UnumProvident至2007年。集团现设四大业务板块，覆盖美、英、波兰市场，旗下承保主体包括保罗里维尔人寿保险、普罗维登斯人伤意外险公司等。
GPK vs UNM — 直观对比
营收规模更大
UNM
是对方的1.6倍
$2.1B
营收增速更快
UNM
高出8.3%
0.2%
净利率更高
UNM
高出3.5%
3.4%
两年增速更快
UNM
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.4B |
| 净利润 | $71.0M | $232.0M |
| 毛利率 | 14.1% | — |
| 营业利润率 | 7.4% | — |
| 净利率 | 3.4% | 6.9% |
| 营收同比 | 0.2% | 8.5% |
| 净利润同比 | -48.6% | 22.7% |
| 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GPKUNM
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.1B | $3.2B | ||
| Q3 25 | $2.2B | $3.4B | ||
| Q2 25 | $2.2B | $3.4B | ||
| Q1 25 | $2.1B | $3.1B | ||
| Q4 24 | $2.1B | $3.2B | ||
| Q3 24 | $2.2B | $3.2B | ||
| Q2 24 | $2.2B | $3.2B |
净利润GPKUNM
| Q1 26 | — | $232.0M | ||
| Q4 25 | $71.0M | $174.1M | ||
| Q3 25 | $142.0M | $39.7M | ||
| Q2 25 | $104.0M | $335.6M | ||
| Q1 25 | $127.0M | $189.1M | ||
| Q4 24 | $138.0M | $348.7M | ||
| Q3 24 | $165.0M | $645.7M | ||
| Q2 24 | $190.0M | $389.5M |
毛利率GPKUNM
| 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GPKUNM
| Q1 26 | — | — | ||
| Q4 25 | 7.4% | 6.7% | ||
| Q3 25 | 10.7% | 1.6% | ||
| Q2 25 | 8.8% | 12.4% | ||
| Q1 25 | 10.5% | 7.9% | ||
| Q4 24 | 11.4% | 13.8% | ||
| Q3 24 | 12.6% | 15.6% | ||
| Q2 24 | 14.5% | 15.3% |
净利率GPKUNM
| Q1 26 | — | 6.9% | ||
| Q4 25 | 3.4% | 5.4% | ||
| Q3 25 | 6.5% | 1.2% | ||
| Q2 25 | 4.7% | 10.0% | ||
| Q1 25 | 6.0% | 6.1% | ||
| Q4 24 | 6.6% | 10.8% | ||
| Q3 24 | 7.5% | 20.1% | ||
| Q2 24 | 8.5% | 12.0% |
每股收益（稀释后）GPKUNM
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $1.06 | ||
| Q3 25 | $0.48 | $0.23 | ||
| Q2 25 | $0.34 | $1.92 | ||
| Q1 25 | $0.42 | $1.06 | ||
| Q4 24 | $0.46 | $1.91 | ||
| Q3 24 | $0.55 | $3.46 | ||
| Q2 24 | $0.62 | $2.05 |
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 | $2.1M |
| 总债务越低越好 | $5.0B | $3.8M |
| 股东权益账面价值 | $3.3B | $10.9M |
| 总资产 | $11.8B | $62.7M |
| 负债/权益比越低杠杆越低 | 1.51× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资GPKUNM
| Q1 26 | — | $2.1M | ||
| 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GPKUNM
| Q1 26 | — | $3.8M | ||
| Q4 25 | $5.0B | $3.8B | ||
| Q3 25 | $5.5B | $3.5B | ||
| Q2 25 | $5.4B | $3.5B | ||
| Q1 25 | $5.7B | $3.5B | ||
| Q4 24 | $5.1B | $3.5B | ||
| Q3 24 | $5.4B | $3.5B | ||
| Q2 24 | $4.9B | $3.5B |
股东权益GPKUNM
| Q1 26 | — | $10.9M | ||
| Q4 25 | $3.3B | $11.1B | ||
| Q3 25 | $3.3B | $10.9B | ||
| Q2 25 | $3.2B | $11.3B | ||
| Q1 25 | $3.2B | $11.2B | ||
| Q4 24 | $3.0B | $11.0B | ||
| Q3 24 | $3.0B | $11.0B | ||
| Q2 24 | $2.8B | $10.5B |
总资产GPKUNM
| Q1 26 | — | $62.7M | ||
| Q4 25 | $11.8B | $63.5B | ||
| Q3 25 | $11.9B | $63.7B | ||
| Q2 25 | $11.8B | $62.8B | ||
| Q1 25 | $11.5B | $62.5B | ||
| Q4 24 | $11.1B | $62.0B | ||
| Q3 24 | $11.2B | $64.1B | ||
| Q2 24 | $10.8B | $62.0B |
负债/权益比GPKUNM
| Q1 26 | — | 0.35× | ||
| Q4 25 | 1.51× | 0.34× | ||
| Q3 25 | 1.67× | 0.32× | ||
| Q2 25 | 1.68× | 0.31× | ||
| Q1 25 | 1.80× | 0.31× | ||
| Q4 24 | 1.71× | 0.32× | ||
| Q3 24 | 1.79× | 0.32× | ||
| Q2 24 | 1.75× | 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 | — |
| 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GPKUNM
| Q1 26 | — | — | ||
| Q4 25 | $521.0M | $357.9M | ||
| Q3 25 | $227.0M | $-371.8M | ||
| Q2 25 | $267.0M | $348.0M | ||
| Q1 25 | $-174.0M | $353.6M | ||
| Q4 24 | $489.0M | $485.8M | ||
| Q3 24 | $187.0M | $390.0M | ||
| Q2 24 | $161.0M | $339.1M |
自由现金流GPKUNM
| Q1 26 | — | — | ||
| Q4 25 | — | $320.1M | ||
| Q3 25 | — | $-402.6M | ||
| Q2 25 | — | $320.1M | ||
| Q1 25 | — | $317.8M | ||
| Q4 24 | — | $453.8M | ||
| Q3 24 | — | $352.3M | ||
| Q2 24 | — | $311.4M |
自由现金流率GPKUNM
| Q1 26 | — | — | ||
| Q4 25 | — | 9.9% | ||
| Q3 25 | — | -11.9% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 11.0% | ||
| Q2 24 | — | 9.6% |
资本支出强度GPKUNM
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.9% |
现金转化率GPKUNM
| Q1 26 | — | — | ||
| Q4 25 | 7.34× | 2.06× | ||
| Q3 25 | 1.60× | -9.37× | ||
| Q2 25 | 2.57× | 1.04× | ||
| Q1 25 | -1.37× | 1.87× | ||
| Q4 24 | 3.54× | 1.39× | ||
| Q3 24 | 1.13× | 0.60× | ||
| Q2 24 | 0.85× | 0.87× |
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% |
UNM
| Premium Income | $2.8B | 83% |
| Other | $561.2M | 17% |
