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GRAPHIC PACKAGING HOLDING CO（GPK）与WEC Energy Group（WEC）财务数据对比。点击上方公司名可切换其他公司
WEC Energy Group的季度营收约是GRAPHIC PACKAGING HOLDING CO的1.2倍（$2.5B vs $2.1B），WEC Energy Group净利率更高（12.5% vs 3.4%，领先9.1%），WEC Energy Group同比增速更快（11.1% vs 0.2%），过去两年WEC Energy Group的营收复合增速更高（-2.7% 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。
WEC能源集团是总部位于美国威斯康星州密尔沃基的知名能源企业，业务覆盖美国四个州，为总计440万用户提供可靠的电力及天然气供应服务，是北美地区颇具规模的区域性能源服务商。
GPK vs WEC — 直观对比
营收规模更大
WEC
是对方的1.2倍
$2.1B
营收增速更快
WEC
高出10.8%
0.2%
净利率更高
WEC
高出9.1%
3.4%
两年增速更快
WEC
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.5B |
| 净利润 | $71.0M | $316.8M |
| 毛利率 | 14.1% | 63.7% |
| 营业利润率 | 7.4% | 17.9% |
| 净利率 | 3.4% | 12.5% |
| 营收同比 | 0.2% | 11.1% |
| 净利润同比 | -48.6% | -30.1% |
| 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GPKWEC
| Q4 25 | $2.1B | $2.5B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.2B | $2.0B | ||
| Q1 25 | $2.1B | $3.1B | ||
| Q4 24 | $2.1B | $2.3B | ||
| Q3 24 | $2.2B | $1.9B | ||
| Q2 24 | $2.2B | $1.8B | ||
| Q1 24 | $2.3B | $2.7B |
净利润GPKWEC
| Q4 25 | $71.0M | $316.8M | ||
| Q3 25 | $142.0M | $270.2M | ||
| Q2 25 | $104.0M | $243.0M | ||
| Q1 25 | $127.0M | $725.5M | ||
| Q4 24 | $138.0M | $453.1M | ||
| Q3 24 | $165.0M | $238.6M | ||
| Q2 24 | $190.0M | $210.0M | ||
| Q1 24 | $165.0M | $622.6M |
毛利率GPKWEC
| Q4 25 | 14.1% | 63.7% | ||
| Q3 25 | 19.6% | 71.1% | ||
| Q2 25 | 18.7% | 71.6% | ||
| Q1 25 | 20.6% | 63.0% | ||
| Q4 24 | 21.4% | 67.7% | ||
| Q3 24 | 22.3% | 72.1% | ||
| Q2 24 | 21.2% | 73.5% | ||
| Q1 24 | 23.0% | 65.4% |
营业利润率GPKWEC
| Q4 25 | 7.4% | 17.9% | ||
| Q3 25 | 10.7% | 21.4% | ||
| Q2 25 | 8.8% | 20.1% | ||
| Q1 25 | 10.5% | 29.8% | ||
| Q4 24 | 11.4% | 25.9% | ||
| Q3 24 | 12.6% | 20.6% | ||
| Q2 24 | 14.5% | 20.6% | ||
| Q1 24 | 12.4% | 30.3% |
净利率GPKWEC
| Q4 25 | 3.4% | 12.5% | ||
| Q3 25 | 6.5% | 12.8% | ||
| Q2 25 | 4.7% | 12.1% | ||
| Q1 25 | 6.0% | 23.0% | ||
| Q4 24 | 6.6% | 19.8% | ||
| Q3 24 | 7.5% | 12.8% | ||
| Q2 24 | 8.5% | 11.9% | ||
| Q1 24 | 7.3% | 23.2% |
每股收益（稀释后）GPKWEC
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.48 | — | ||
| Q2 25 | $0.34 | — | ||
| Q1 25 | $0.42 | — | ||
| Q4 24 | $0.46 | — | ||
| Q3 24 | $0.55 | — | ||
| Q2 24 | $0.62 | — | ||
| Q1 24 | $0.53 | — |
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 | $27.6M |
| 总债务越低越好 | $5.0B | $20.0B |
| 股东权益账面价值 | $3.3B | $14.1B |
| 总资产 | $11.8B | $51.5B |
| 负债/权益比越低杠杆越低 | 1.51× | 1.42× |
8季度趋势，按日历期对齐
现金及短期投资GPKWEC
| Q4 25 | $261.0M | $27.6M | ||
| Q3 25 | $120.0M | $51.1M | ||
| Q2 25 | $120.0M | $23.0M | ||
| Q1 25 | $129.0M | $82.2M | ||
| Q4 24 | $157.0M | $9.8M | ||
| Q3 24 | $126.0M | $322.5M | ||
| Q2 24 | $125.0M | $224.0M | ||
| Q1 24 | $136.0M | $38.9M |
总债务GPKWEC
| Q4 25 | $5.0B | $20.0B | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.1B | $18.9B | ||
| Q3 24 | $5.4B | $16.9B | ||
| Q2 24 | $4.9B | $16.9B | ||
| Q1 24 | $4.9B | $15.4B |
股东权益GPKWEC
| Q4 25 | $3.3B | $14.1B | ||
| Q3 25 | $3.3B | $14.0B | ||
| Q2 25 | $3.2B | $13.7B | ||
| Q1 25 | $3.2B | $13.4B | ||
| Q4 24 | $3.0B | $12.8B | ||
| Q3 24 | $3.0B | $12.4B | ||
| Q2 24 | $2.8B | $12.4B | ||
| Q1 24 | $2.9B | $12.4B |
总资产GPKWEC
| Q4 25 | $11.8B | $51.5B | ||
| Q3 25 | $11.9B | $49.8B | ||
| Q2 25 | $11.8B | $48.5B | ||
| Q1 25 | $11.5B | $48.2B | ||
| Q4 24 | $11.1B | $47.4B | ||
| Q3 24 | $11.2B | $45.2B | ||
| Q2 24 | $10.8B | $44.6B | ||
| Q1 24 | $11.3B | $43.9B |
负债/权益比GPKWEC
| Q4 25 | 1.51× | 1.42× | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.80× | — | ||
| Q4 24 | 1.71× | 1.48× | ||
| Q3 24 | 1.79× | 1.36× | ||
| Q2 24 | 1.75× | 1.36× | ||
| Q1 24 | 1.73× | 1.24× |
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 | $424.6M |
| 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× | 1.34× |
| 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GPKWEC
| Q4 25 | $521.0M | $424.6M | ||
| Q3 25 | $227.0M | $938.9M | ||
| Q2 25 | $267.0M | $853.3M | ||
| Q1 25 | $-174.0M | $1.2B | ||
| Q4 24 | $489.0M | $581.8M | ||
| Q3 24 | $187.0M | $729.0M | ||
| Q2 24 | $161.0M | $1.0B | ||
| Q1 24 | $3.0M | $863.6M |
自由现金流GPKWEC
| Q4 25 | — | — | ||
| Q3 25 | — | $-625.7M | ||
| Q2 25 | — | $23.9M | ||
| Q1 25 | — | $461.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-67.3M | ||
| Q2 24 | — | $343.5M | ||
| Q1 24 | — | $419.1M |
自由现金流率GPKWEC
| Q4 25 | — | — | ||
| Q3 25 | — | -29.7% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -3.6% | ||
| Q2 24 | — | 19.4% | ||
| Q1 24 | — | 15.6% |
资本支出强度GPKWEC
| Q4 25 | — | — | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 41.3% | ||
| Q1 25 | — | 22.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 42.7% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | — | 16.6% |
现金转化率GPKWEC
| Q4 25 | 7.34× | 1.34× | ||
| Q3 25 | 1.60× | 3.47× | ||
| Q2 25 | 2.57× | 3.51× | ||
| Q1 25 | -1.37× | 1.60× | ||
| Q4 24 | 3.54× | 1.28× | ||
| Q3 24 | 1.13× | 3.06× | ||
| Q2 24 | 0.85× | 4.94× | ||
| Q1 24 | 0.02× | 1.39× |
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% |
WEC
| Wisconsin | $1.9B | 73% |
| Illinois | $441.2M | 17% |
| Other States | $165.1M | 7% |
| External Revenues | $74.0M | 3% |
| Otheroperatingrevenues | $8.0M | 0% |
