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英格拉姆微（INGM）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
英格拉姆微的季度营收约是Smurfit Westrock的1.9倍（$14.9B vs $7.7B），Smurfit Westrock净利率更高（0.8% vs 0.8%，领先0.0%），英格拉姆微同比增速更快（11.5% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 14.6%）
英格拉姆微控股是全球知名的信息技术产品及服务分销商，总部位于美国加利福尼亚州欧文市，业务覆盖全球各地。公司前身为1979年在加州成立的Micro D, Inc，最初是传统分销商，主营向经销商推广、销售及交付厂商产品，目前正向聚焦数字体验的平台化业务方向转型。
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。
INGM vs SW — 直观对比
营收规模更大
INGM
是对方的1.9倍
$7.7B
营收增速更快
INGM
高出10.8%
0.7%
净利率更高
SW
高出0.0%
0.8%
两年增速更快
SW
近两年复合增速
14.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $14.9B | $7.7B |
| 净利润 | $121.4M | $63.0M |
| 毛利率 | 6.5% | 16.4% |
| 营业利润率 | 2.1% | 3.3% |
| 净利率 | 0.8% | 0.8% |
| 营收同比 | 11.5% | 0.7% |
| 净利润同比 | 46.1% | 0.0% |
| 每股收益（稀释后） | $0.67 | $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INGMSW
| Q1 26 | $14.9B | $7.7B | ||
| Q4 25 | $14.9B | $7.6B | ||
| Q3 25 | $12.6B | $8.0B | ||
| Q2 25 | $12.8B | $7.9B | ||
| Q1 25 | $12.3B | $7.7B | ||
| Q4 24 | — | $7.5B | ||
| Q3 24 | $11.8B | $7.7B | ||
| Q2 24 | $11.5B | $3.0B |
净利润INGMSW
| Q1 26 | $121.4M | $63.0M | ||
| Q4 25 | $121.4M | $97.0M | ||
| Q3 25 | $99.5M | $246.0M | ||
| Q2 25 | $37.8M | $-28.0M | ||
| Q1 25 | $69.2M | $384.0M | ||
| Q4 24 | — | $146.0M | ||
| Q3 24 | $77.0M | $-150.0M | ||
| Q2 24 | $54.6M | $132.0M |
毛利率INGMSW
| Q1 26 | 6.5% | 16.4% | ||
| Q4 25 | 6.5% | 18.2% | ||
| Q3 25 | 6.9% | 19.6% | ||
| Q2 25 | 6.6% | 19.1% | ||
| Q1 25 | 6.7% | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | 7.2% | 17.6% | ||
| Q2 24 | 7.2% | 23.3% |
营业利润率INGMSW
| Q1 26 | 2.1% | 3.3% | ||
| Q4 25 | 2.1% | 5.1% | ||
| Q3 25 | 1.8% | 6.6% | ||
| Q2 25 | 1.1% | 3.2% | ||
| Q1 25 | 1.6% | 7.2% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | 1.9% | 0.7% | ||
| Q2 24 | 1.6% | 8.2% |
净利率INGMSW
| Q1 26 | 0.8% | 0.8% | ||
| Q4 25 | 0.8% | 1.3% | ||
| Q3 25 | 0.8% | 3.1% | ||
| Q2 25 | 0.3% | -0.4% | ||
| Q1 25 | 0.6% | 5.0% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | 0.7% | -2.0% | ||
| Q2 24 | 0.5% | 4.4% |
每股收益（稀释后）INGMSW
| Q1 26 | $0.67 | $0.12 | ||
| Q4 25 | $0.52 | $0.18 | ||
| Q3 25 | $0.42 | $0.47 | ||
| Q2 25 | $0.16 | $-0.05 | ||
| Q1 25 | $0.29 | $0.73 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | $0.35 | $-0.30 | ||
| Q2 24 | $0.25 | $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 | $1.9B | — |
| 总债务越低越好 | $3.2B | $980.0M |
| 股东权益账面价值 | $4.2B | $18.1B |
| 总资产 | $21.2B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资INGMSW
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $892.0M | ||
| Q3 25 | $802.6M | $851.0M | ||
| Q2 25 | $856.7M | $778.0M | ||
| Q1 25 | $881.6M | $797.0M | ||
| Q4 24 | — | $855.0M | ||
| Q3 24 | $849.5M | — | ||
| Q2 24 | — | $26.8K |
总债务INGMSW
| Q1 26 | $3.2B | $980.0M | ||
| Q4 25 | $3.2B | $13.4B | ||
| Q3 25 | $3.8B | $13.3B | ||
| Q2 25 | $3.7B | $13.3B | ||
| Q1 25 | $3.5B | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | $3.8B | $13.2B | ||
| Q2 24 | — | — |
股东权益INGMSW
| Q1 26 | $4.2B | $18.1B | ||
| Q4 25 | $4.2B | $18.3B | ||
| Q3 25 | $4.1B | $18.4B | ||
| Q2 25 | $4.0B | $18.3B | ||
| Q1 25 | $3.9B | $17.9B | ||
| Q4 24 | — | $17.4B | ||
| Q3 24 | $3.6B | $18.0B | ||
| Q2 24 | $3.5B | $14.5K |
总资产INGMSW
| Q1 26 | $21.2B | $45.2B | ||
| Q4 25 | $21.2B | $45.2B | ||
| Q3 25 | $19.2B | $45.6B | ||
| Q2 25 | $19.5B | $45.7B | ||
| Q1 25 | $18.6B | $44.6B | ||
| Q4 24 | — | $43.8B | ||
| Q3 24 | $18.6B | $45.0B | ||
| Q2 24 | — | $26.8K |
负债/权益比INGMSW
| Q1 26 | 0.75× | 0.05× | ||
| Q4 25 | 0.75× | 0.73× | ||
| Q3 25 | 0.93× | 0.72× | ||
| Q2 25 | 0.92× | 0.73× | ||
| Q1 25 | 0.90× | 0.72× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | 1.06× | 0.73× | ||
| Q2 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 | — | $204.0M |
| 自由现金流经营现金流 - 资本支出 | $1.6B | — |
| 自由现金流率自由现金流/营收 | 11.0% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 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 | $2.6B | — |
8季度趋势，按日历期对齐
经营现金流INGMSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $-146.0M | $1.1B | ||
| Q2 25 | $-298.0M | $829.0M | ||
| Q1 25 | $-200.4M | $235.0M | ||
| Q4 24 | — | $781.0M | ||
| Q3 24 | $-277.0M | $320.0M | ||
| Q2 24 | — | $340.0M |
自由现金流INGMSW
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $612.0M | ||
| Q3 25 | $-175.0M | $523.0M | ||
| Q2 25 | $-333.2M | $307.0M | ||
| Q1 25 | $-230.2M | $-242.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | $-315.0M | $-192.0M | ||
| Q2 24 | — | $163.0M |
自由现金流率INGMSW
| Q1 26 | 11.0% | — | ||
| Q4 25 | 10.2% | 8.1% | ||
| Q3 25 | -1.4% | 6.5% | ||
| Q2 25 | -2.6% | 3.9% | ||
| Q1 25 | -1.9% | -3.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | -2.7% | -2.5% | ||
| Q2 24 | — | 5.5% |
资本支出强度INGMSW
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 7.7% | ||
| Q3 25 | 0.2% | 7.6% | ||
| Q2 25 | 0.3% | 6.6% | ||
| Q1 25 | 0.2% | 6.2% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | 0.3% | 6.7% | ||
| Q2 24 | — | 6.0% |
现金转化率INGMSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 12.85× | 12.32× | ||
| Q3 25 | -1.47× | 4.61× | ||
| Q2 25 | -7.88× | — | ||
| Q1 25 | -2.90× | 0.61× | ||
| Q4 24 | — | 5.35× | ||
| Q3 24 | -3.60× | — | ||
| Q2 24 | — | 2.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
