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慧与（HPE）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
慧与的季度营收约是Smurfit Westrock的1.2倍（$9.3B vs $7.7B），慧与净利率更高（4.9% vs 0.8%，领先4.0%），慧与同比增速更快（18.4% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 13.6%）
慧与（Hewlett Packard Enterprise，简称HPE）是总部位于美国得克萨斯州斯普林的跨国信息技术企业，面向企业客户提供服务器、存储、网络、容器化软件及配套咨询与技术支持服务，2018年位列美国《财富》500强美国企业营收排行榜第107位。
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。
HPE vs SW — 直观对比
营收规模更大
HPE
是对方的1.2倍
$7.7B
营收增速更快
HPE
高出17.7%
0.7%
净利率更高
HPE
高出4.0%
0.8%
两年增速更快
SW
近两年复合增速
13.6%
损益表 — Q1 FY2027 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $9.3B | $7.7B |
| 净利润 | $452.0M | $63.0M |
| 毛利率 | — | 16.4% |
| 营业利润率 | 5.1% | 3.3% |
| 净利率 | 4.9% | 0.8% |
| 营收同比 | 18.4% | 0.7% |
| 净利润同比 | 189.7% | — |
| 每股收益（稀释后） | $0.31 | $0.12 |
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HPESW
| Q4 26 | $9.3B | — | ||
| Q1 26 | — | $7.7B | ||
| Q4 25 | $9.7B | $7.6B | ||
| Q3 25 | $9.1B | $8.0B | ||
| Q2 25 | $7.6B | $7.9B | ||
| Q1 25 | $7.9B | $7.7B | ||
| Q4 24 | $8.5B | $7.5B | ||
| Q3 24 | $7.7B | $7.7B |
净利润HPESW
| Q4 26 | $452.0M | — | ||
| Q1 26 | — | $63.0M | ||
| Q4 25 | $175.0M | $97.0M | ||
| Q3 25 | $305.0M | $246.0M | ||
| Q2 25 | $-1.1B | $-28.0M | ||
| Q1 25 | $627.0M | $384.0M | ||
| Q4 24 | $1.4B | $146.0M | ||
| Q3 24 | $512.0M | $-150.0M |
毛利率HPESW
| Q4 26 | — | — | ||
| Q1 26 | — | 16.4% | ||
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% |
营业利润率HPESW
| Q4 26 | 5.1% | — | ||
| Q1 26 | — | 3.3% | ||
| Q4 25 | -0.1% | 5.1% | ||
| Q3 25 | 2.7% | 6.6% | ||
| Q2 25 | -14.5% | 3.2% | ||
| Q1 25 | 5.5% | 7.2% | ||
| Q4 24 | 8.2% | 5.3% | ||
| Q3 24 | 7.1% | 0.7% |
净利率HPESW
| Q4 26 | 4.9% | — | ||
| Q1 26 | — | 0.8% | ||
| Q4 25 | 1.8% | 1.3% | ||
| Q3 25 | 3.3% | 3.1% | ||
| Q2 25 | -13.8% | -0.4% | ||
| Q1 25 | 8.0% | 5.0% | ||
| Q4 24 | 16.2% | 1.9% | ||
| Q3 24 | 6.6% | -2.0% |
每股收益（稀释后）HPESW
| Q4 26 | $0.31 | — | ||
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.13 | $0.18 | ||
| Q3 25 | $0.21 | $0.47 | ||
| Q2 25 | $-0.82 | $-0.05 | ||
| Q1 25 | $0.44 | $0.73 | ||
| Q4 24 | $1.02 | $-0.12 | ||
| Q3 24 | $0.38 | $-0.30 |
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 | $4.8B | — |
| 总债务越低越好 | $17.7B | $980.0M |
| 股东权益账面价值 | $24.8B | $18.1B |
| 总资产 | $75.8B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.71× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资HPESW
| Q4 26 | $4.8B | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $5.8B | $892.0M | ||
| Q3 25 | $4.6B | $851.0M | ||
| Q2 25 | $11.7B | $778.0M | ||
| Q1 25 | $13.4B | $797.0M | ||
| Q4 24 | $14.8B | $855.0M | ||
| Q3 24 | $3.6B | — |
总债务HPESW
| Q4 26 | $17.7B | — | ||
| Q1 26 | — | $980.0M | ||
| Q4 25 | $17.8B | $13.4B | ||
| Q3 25 | $16.9B | $13.3B | ||
| Q2 25 | $12.4B | $13.3B | ||
| Q1 25 | $13.3B | $12.9B | ||
| Q4 24 | $13.5B | $12.5B | ||
| Q3 24 | $7.9B | $13.2B |
股东权益HPESW
| Q4 26 | $24.8B | — | ||
| Q1 26 | — | $18.1B | ||
| Q4 25 | $24.7B | $18.3B | ||
| Q3 25 | $24.4B | $18.4B | ||
| Q2 25 | $23.9B | $18.3B | ||
| Q1 25 | $25.2B | $17.9B | ||
| Q4 24 | $24.8B | $17.4B | ||
| Q3 24 | $22.1B | $18.0B |
总资产HPESW
| Q4 26 | $75.8B | — | ||
| Q1 26 | — | $45.2B | ||
| Q4 25 | $75.9B | $45.2B | ||
| Q3 25 | $77.3B | $45.6B | ||
| Q2 25 | $67.9B | $45.7B | ||
| Q1 25 | $70.3B | $44.6B | ||
| Q4 24 | $71.3B | $43.8B | ||
| Q3 24 | $60.9B | $45.0B |
负债/权益比HPESW
| Q4 26 | 0.71× | — | ||
| Q1 26 | — | 0.05× | ||
| Q4 25 | 0.72× | 0.73× | ||
| Q3 25 | 0.69× | 0.72× | ||
| Q2 25 | 0.52× | 0.73× | ||
| Q1 25 | 0.53× | 0.72× | ||
| Q4 24 | 0.54× | 0.72× | ||
| Q3 24 | 0.36× | 0.73× |
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 | — | $204.0M |
| 自由现金流经营现金流 - 资本支出 | $708.0M | — |
| 自由现金流率自由现金流/营收 | 7.6% | — |
| 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 | — | 3.24× |
| 过去12个月自由现金流最近4个季度 | $2.3B | — |
8季度趋势，按日历期对齐
经营现金流HPESW
| Q4 26 | — | — | ||
| Q1 26 | — | $204.0M | ||
| Q4 25 | $2.5B | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $-461.0M | $829.0M | ||
| Q1 25 | $-390.0M | $235.0M | ||
| Q4 24 | $2.0B | $781.0M | ||
| Q3 24 | $1.2B | $320.0M |
自由现金流HPESW
| Q4 26 | $708.0M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $612.0M | ||
| Q3 25 | $729.0M | $523.0M | ||
| Q2 25 | $-1.0B | $307.0M | ||
| Q1 25 | $-918.0M | $-242.0M | ||
| Q4 24 | $1.4B | $212.0M | ||
| Q3 24 | $611.0M | $-192.0M |
自由现金流率HPESW
| Q4 26 | 7.6% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 18.8% | 8.1% | ||
| Q3 25 | 8.0% | 6.5% | ||
| Q2 25 | -13.2% | 3.9% | ||
| Q1 25 | -11.7% | -3.2% | ||
| Q4 24 | 16.8% | 2.8% | ||
| Q3 24 | 7.9% | -2.5% |
资本支出强度HPESW
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 7.7% | ||
| Q3 25 | 6.3% | 7.6% | ||
| Q2 25 | 7.2% | 6.6% | ||
| Q1 25 | 6.7% | 6.2% | ||
| Q4 24 | 7.2% | 7.5% | ||
| Q3 24 | 7.0% | 6.7% |
现金转化率HPESW
| Q4 26 | — | — | ||
| Q1 26 | — | 3.24× | ||
| Q4 25 | 14.09× | 12.32× | ||
| Q3 25 | 4.28× | 4.61× | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.62× | 0.61× | ||
| Q4 24 | 1.49× | 5.35× | ||
| Q3 24 | 2.25× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
