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GRAPHIC PACKAGING HOLDING CO（GPK）与XPO, Inc.（XPO）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XPO, Inc.的1.0倍（$2.1B vs $2.0B），GRAPHIC PACKAGING HOLDING CO净利率更高（3.4% vs 2.9%，领先0.5%），XPO, Inc.同比增速更快（4.7% vs 0.2%），过去两年XPO, Inc.的营收复合增速更高（-0.1% 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。
XPO Inc.（原XPO物流）是美国交通运输企业，主营北美区域零担货运业务，总部位于康涅狄格州格林尼治，全球共设592个运营网点。作为北美第二大零担货运服务商，其服务覆盖99%的美国邮政编码区域。
GPK vs XPO — 直观对比
营收规模更大
GPK
是对方的1.0倍
$2.0B
营收增速更快
XPO
高出4.4%
0.2%
净利率更高
GPK
高出0.5%
2.9%
两年增速更快
XPO
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.0B |
| 净利润 | $71.0M | $59.0M |
| 毛利率 | 14.1% | — |
| 营业利润率 | 7.4% | 7.1% |
| 净利率 | 3.4% | 2.9% |
| 营收同比 | 0.2% | 4.7% |
| 净利润同比 | -48.6% | -21.3% |
| 每股收益（稀释后） | $0.24 | $0.49 |
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GPKXPO
| Q4 25 | $2.1B | $2.0B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.1B | $2.0B | ||
| Q4 24 | $2.1B | $1.9B | ||
| Q3 24 | $2.2B | $2.1B | ||
| Q2 24 | $2.2B | $2.1B | ||
| Q1 24 | $2.3B | $2.0B |
净利润GPKXPO
| Q4 25 | $71.0M | $59.0M | ||
| Q3 25 | $142.0M | $82.0M | ||
| Q2 25 | $104.0M | $106.0M | ||
| Q1 25 | $127.0M | $69.0M | ||
| Q4 24 | $138.0M | $75.0M | ||
| Q3 24 | $165.0M | $95.0M | ||
| Q2 24 | $190.0M | $150.0M | ||
| Q1 24 | $165.0M | $67.0M |
毛利率GPKXPO
| 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GPKXPO
| Q4 25 | 7.4% | 7.1% | ||
| Q3 25 | 10.7% | 7.8% | ||
| Q2 25 | 8.8% | 9.5% | ||
| Q1 25 | 10.5% | 7.7% | ||
| Q4 24 | 11.4% | 7.8% | ||
| Q3 24 | 12.6% | 8.6% | ||
| Q2 24 | 14.5% | 9.5% | ||
| Q1 24 | 12.4% | 6.8% |
净利率GPKXPO
| Q4 25 | 3.4% | 2.9% | ||
| Q3 25 | 6.5% | 3.9% | ||
| Q2 25 | 4.7% | 5.1% | ||
| Q1 25 | 6.0% | 3.5% | ||
| Q4 24 | 6.6% | 3.9% | ||
| Q3 24 | 7.5% | 4.6% | ||
| Q2 24 | 8.5% | 7.2% | ||
| Q1 24 | 7.3% | 3.3% |
每股收益（稀释后）GPKXPO
| Q4 25 | $0.24 | $0.49 | ||
| Q3 25 | $0.48 | $0.68 | ||
| Q2 25 | $0.34 | $0.89 | ||
| Q1 25 | $0.42 | $0.58 | ||
| Q4 24 | $0.46 | $0.63 | ||
| Q3 24 | $0.55 | $0.79 | ||
| Q2 24 | $0.62 | $1.25 | ||
| Q1 24 | $0.53 | $0.56 |
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 | $310.0M |
| 总债务越低越好 | $5.0B | — |
| 股东权益账面价值 | $3.3B | $1.9B |
| 总资产 | $11.8B | $8.2B |
| 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GPKXPO
| Q4 25 | $261.0M | $310.0M | ||
| Q3 25 | $120.0M | $335.0M | ||
| Q2 25 | $120.0M | $225.0M | ||
| Q1 25 | $129.0M | $212.0M | ||
| Q4 24 | $157.0M | $246.0M | ||
| Q3 24 | $126.0M | $378.0M | ||
| Q2 24 | $125.0M | $250.0M | ||
| Q1 24 | $136.0M | $229.0M |
总债务GPKXPO
| 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 | — | ||
| Q1 24 | $4.9B | — |
股东权益GPKXPO
| Q4 25 | $3.3B | $1.9B | ||
| Q3 25 | $3.3B | $1.8B | ||
| Q2 25 | $3.2B | $1.8B | ||
| Q1 25 | $3.2B | $1.6B | ||
| Q4 24 | $3.0B | $1.6B | ||
| Q3 24 | $3.0B | $1.6B | ||
| Q2 24 | $2.8B | $1.5B | ||
| Q1 24 | $2.9B | $1.3B |
总资产GPKXPO
| Q4 25 | $11.8B | $8.2B | ||
| Q3 25 | $11.9B | $8.2B | ||
| Q2 25 | $11.8B | $8.1B | ||
| Q1 25 | $11.5B | $7.9B | ||
| Q4 24 | $11.1B | $7.7B | ||
| Q3 24 | $11.2B | $7.9B | ||
| Q2 24 | $10.8B | $7.7B | ||
| Q1 24 | $11.3B | $7.6B |
负债/权益比GPKXPO
| 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× | — | ||
| Q1 24 | 1.73× | — |
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 | — | 5.3% |
| 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GPKXPO
| Q4 25 | $521.0M | — | ||
| Q3 25 | $227.0M | $371.0M | ||
| Q2 25 | $267.0M | $247.0M | ||
| Q1 25 | $-174.0M | $142.0M | ||
| Q4 24 | $489.0M | $189.0M | ||
| Q3 24 | $187.0M | $264.0M | ||
| Q2 24 | $161.0M | $210.0M | ||
| Q1 24 | $3.0M | $145.0M |
自由现金流GPKXPO
| Q4 25 | — | — | ||
| Q3 25 | — | $215.0M | ||
| Q2 25 | — | $51.0M | ||
| Q1 25 | — | $-57.0M | ||
| Q4 24 | — | $23.0M | ||
| Q3 24 | — | $137.0M | ||
| Q2 24 | — | $20.0M | ||
| Q1 24 | — | $-161.0M |
自由现金流率GPKXPO
| Q4 25 | — | — | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | -8.0% |
资本支出强度GPKXPO
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 7.4% | ||
| Q2 25 | — | 9.4% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | 15.2% |
现金转化率GPKXPO
| Q4 25 | 7.34× | — | ||
| Q3 25 | 1.60× | 4.52× | ||
| Q2 25 | 2.57× | 2.33× | ||
| Q1 25 | -1.37× | 2.06× | ||
| Q4 24 | 3.54× | 2.52× | ||
| Q3 24 | 1.13× | 2.78× | ||
| Q2 24 | 0.85× | 1.40× | ||
| Q1 24 | 0.02× | 2.16× |
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% |
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
