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哈特福德（HIG）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是哈特福德的1.9倍（$7.6B vs $4.1B），哈特福德净利率更高（13.2% vs 1.3%，领先11.9%），Smurfit Westrock同比增速更快（0.5% vs -43.7%），过去两年Smurfit Westrock的营收复合增速更高（60.8% vs -20.8%）
哈特福德（The Hartford）是美国头部保险企业，位列2024年《财富》世界500强第162位，总部位于康涅狄格州哈特福德市。集团拥有200余年行业经验，在财产意外险、员工福利及共同基金领域处于领先地位，凭借优质服务、可持续运营与诚信经营广受认可。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
HIG vs SW — 直观对比
营收规模更大
SW
是对方的1.9倍
$4.1B
营收增速更快
SW
高出44.2%
-43.7%
净利率更高
HIG
高出11.9%
1.3%
两年增速更快
SW
近两年复合增速
-20.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.1B | $7.6B |
| 净利润 | $536.0M | $97.0M |
| 毛利率 | — | 18.2% |
| 营业利润率 | — | 5.1% |
| 净利率 | 13.2% | 1.3% |
| 营收同比 | -43.7% | 0.5% |
| 净利润同比 | 12.0% | -33.6% |
| 每股收益（稀释后） | — | $0.18 |
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HIGSW
| Q1 26 | $4.1B | — | ||
| Q4 25 | $7.3B | $7.6B | ||
| Q3 25 | $7.2B | $8.0B | ||
| Q2 25 | $7.0B | $7.9B | ||
| Q1 25 | $6.8B | $7.7B | ||
| Q4 24 | $6.9B | $7.5B | ||
| Q3 24 | $6.8B | $7.7B | ||
| Q2 24 | $6.5B | $3.0B |
净利润HIGSW
| Q1 26 | $536.0M | — | ||
| Q4 25 | — | $97.0M | ||
| Q3 25 | $1.1B | $246.0M | ||
| Q2 25 | $995.0M | $-28.0M | ||
| Q1 25 | $630.0M | $384.0M | ||
| Q4 24 | — | $146.0M | ||
| Q3 24 | $767.0M | $-150.0M | ||
| Q2 24 | $738.0M | $132.0M |
毛利率HIGSW
| Q1 26 | — | — | ||
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% |
营业利润率HIGSW
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | 5.1% | ||
| Q3 25 | 18.2% | 6.6% | ||
| Q2 25 | 17.8% | 3.2% | ||
| Q1 25 | 11.5% | 7.2% | ||
| Q4 24 | 15.6% | 5.3% | ||
| Q3 24 | 14.1% | 0.7% | ||
| Q2 24 | 14.1% | 8.2% |
净利率HIGSW
| Q1 26 | 13.2% | — | ||
| Q4 25 | — | 1.3% | ||
| Q3 25 | 14.9% | 3.1% | ||
| Q2 25 | 14.2% | -0.4% | ||
| Q1 25 | 9.3% | 5.0% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | 11.4% | -2.0% | ||
| Q2 24 | 11.4% | 4.4% |
每股收益（稀释后）HIGSW
| Q1 26 | — | — | ||
| Q4 25 | $3.96 | $0.18 | ||
| Q3 25 | $3.77 | $0.47 | ||
| Q2 25 | $3.44 | $-0.05 | ||
| Q1 25 | $2.15 | $0.73 | ||
| Q4 24 | $2.88 | $-0.12 | ||
| Q3 24 | $2.56 | $-0.30 | ||
| Q2 24 | $2.44 | $0.51 |
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 | $1.7M | $892.0M |
| 总债务越低越好 | — | $13.4B |
| 股东权益账面价值 | $16.8M | $18.3B |
| 总资产 | $86.3M | $45.2B |
| 负债/权益比越低杠杆越低 | — | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资HIGSW
| Q1 26 | $1.7M | — | ||
| Q4 25 | — | $892.0M | ||
| Q3 25 | — | $851.0M | ||
| Q2 25 | — | $778.0M | ||
| Q1 25 | — | $797.0M | ||
| Q4 24 | — | $855.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $26.8K |
总债务HIGSW
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $13.4B | ||
| Q3 25 | $4.4B | $13.3B | ||
| Q2 25 | $4.4B | $13.3B | ||
| Q1 25 | $4.4B | $12.9B | ||
| Q4 24 | $4.4B | $12.5B | ||
| Q3 24 | $4.4B | $13.2B | ||
| Q2 24 | $4.4B | — |
股东权益HIGSW
| Q1 26 | $16.8M | — | ||
| Q4 25 | $19.0B | $18.3B | ||
| Q3 25 | $18.4B | $18.4B | ||
| Q2 25 | $17.5B | $18.3B | ||
| Q1 25 | $16.8B | $17.9B | ||
| Q4 24 | $16.4B | $17.4B | ||
| Q3 24 | $17.0B | $18.0B | ||
| Q2 24 | $15.7B | $14.5K |
总资产HIGSW
| Q1 26 | $86.3M | — | ||
| Q4 25 | $86.0B | $45.2B | ||
| Q3 25 | $85.0B | $45.6B | ||
| Q2 25 | $83.6B | $45.7B | ||
| Q1 25 | $82.3B | $44.6B | ||
| Q4 24 | $80.9B | $43.8B | ||
| Q3 24 | $81.2B | $45.0B | ||
| Q2 24 | $79.0B | $26.8K |
负债/权益比HIGSW
| Q1 26 | — | — | ||
| Q4 25 | 0.23× | 0.73× | ||
| Q3 25 | 0.24× | 0.72× | ||
| Q2 25 | 0.25× | 0.73× | ||
| Q1 25 | 0.26× | 0.72× | ||
| Q4 24 | 0.27× | 0.72× | ||
| Q3 24 | 0.26× | 0.73× | ||
| Q2 24 | 0.28× | — |
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 | — | $1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $612.0M |
| 自由现金流率自由现金流/营收 | — | 8.1% |
| 资本支出强度资本支出/营收 | — | 7.7% |
| 现金转化率经营现金流/净利润 | — | 12.32× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流HIGSW
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $1.2B | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.3B | $829.0M | ||
| Q1 25 | $985.0M | $235.0M | ||
| Q4 24 | $5.9B | $781.0M | ||
| Q3 24 | $1.7B | $320.0M | ||
| Q2 24 | $1.3B | $340.0M |
自由现金流HIGSW
| Q1 26 | — | — | ||
| Q4 25 | $5.8B | $612.0M | ||
| Q3 25 | $1.8B | $523.0M | ||
| Q2 25 | $1.3B | $307.0M | ||
| Q1 25 | $947.0M | $-242.0M | ||
| Q4 24 | $5.8B | $212.0M | ||
| Q3 24 | $1.6B | $-192.0M | ||
| Q2 24 | $1.2B | $163.0M |
自由现金流率HIGSW
| Q1 26 | — | — | ||
| Q4 25 | 78.4% | 8.1% | ||
| Q3 25 | 24.8% | 6.5% | ||
| Q2 25 | 17.9% | 3.9% | ||
| Q1 25 | 13.9% | -3.2% | ||
| Q4 24 | 83.8% | 2.8% | ||
| Q3 24 | 24.0% | -2.5% | ||
| Q2 24 | 18.5% | 5.5% |
资本支出强度HIGSW
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 7.7% | ||
| Q3 25 | 0.6% | 7.6% | ||
| Q2 25 | 0.6% | 6.6% | ||
| Q1 25 | 0.6% | 6.2% | ||
| Q4 24 | 2.1% | 7.5% | ||
| Q3 24 | 0.9% | 6.7% | ||
| Q2 24 | 0.9% | 6.0% |
现金转化率HIGSW
| Q1 26 | — | — | ||
| Q4 25 | — | 12.32× | ||
| Q3 25 | 1.70× | 4.61× | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 1.56× | 0.61× | ||
| Q4 24 | — | 5.35× | ||
| Q3 24 | 2.19× | — | ||
| Q2 24 | 1.71× | 2.58× |
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
HIG
| Earned premiums | $3.6B | 88% |
| Other | $486.0M | 12% |
| Fee income | $12.0M | 0% |
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
