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国际纸业（IP）与Magnera Corp（MAGN）财务数据对比。点击上方公司名可切换其他公司
国际纸业的季度营收约是Magnera Corp的6.0倍（$4.7B vs $792.0M）。Magnera Corp净利率更高（-4.3% vs -50.3%，领先46.0%）。Magnera Corp同比增速更快（12.8% vs 3.6%）。国际纸业自由现金流更多（$255.0M vs $-13.0M）。过去两年Magnera Corp的营收复合增速更高（54.9% vs 1.3%）
国际纸业是总部位于美国田纳西州孟菲斯的纸浆及造纸企业，为全球规模最大的同类型企业，目前拥有约3.9万名员工，产品覆盖纸浆、包装用纸、办公用纸等品类，业务遍及全球多个国家和地区，广泛服务各行业客户的相关需求。
IP vs MAGN — 直观对比
营收规模更大
IP
是对方的6.0倍
$792.0M
营收增速更快
MAGN
高出9.2%
3.6%
净利率更高
MAGN
高出46.0%
-50.3%
自由现金流更多
IP
多$268.0M
$-13.0M
两年增速更快
MAGN
近两年复合增速
1.3%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $792.0M |
| 净利润 | $-2.4B | $-34.0M |
| 毛利率 | 32.2% | 12.2% |
| 营业利润率 | -56.4% | 1.8% |
| 净利率 | -50.3% | -4.3% |
| 营收同比 | 3.6% | 12.8% |
| 净利润同比 | -1521.8% | 43.3% |
| 每股收益（稀释后） | $-4.76 | $-0.95 |
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IPMAGN
| Q4 25 | $4.7B | $792.0M | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $6.8B | $839.0M | ||
| Q1 25 | $5.9B | $824.0M | ||
| Q4 24 | $4.6B | $702.0M | ||
| Q3 24 | $4.7B | $332.1M | ||
| Q2 24 | $4.7B | $556.0M | ||
| Q1 24 | $4.6B | $558.0M |
净利润IPMAGN
| Q4 25 | $-2.4B | $-34.0M | ||
| Q3 25 | $-1.1B | — | ||
| Q2 25 | $75.0M | $-18.0M | ||
| Q1 25 | $-105.0M | $-41.0M | ||
| Q4 24 | $-147.0M | $-60.0M | ||
| Q3 24 | $150.0M | $-15.2M | ||
| Q2 24 | $498.0M | $19.0M | ||
| Q1 24 | $56.0M | $14.0M |
毛利率IPMAGN
| Q4 25 | 32.2% | 12.2% | ||
| Q3 25 | 31.1% | — | ||
| Q2 25 | 27.9% | 10.7% | ||
| Q1 25 | 27.8% | 10.7% | ||
| Q4 24 | 29.0% | 10.1% | ||
| Q3 24 | 28.7% | 10.7% | ||
| Q2 24 | 29.0% | 6.6% | ||
| Q1 24 | 25.9% | 6.2% |
营业利润率IPMAGN
| Q4 25 | -56.4% | 1.8% | ||
| Q3 25 | -10.8% | — | ||
| Q2 25 | 1.7% | 1.5% | ||
| Q1 25 | -2.3% | 0.5% | ||
| Q4 24 | -4.9% | -3.1% | ||
| Q3 24 | 5.1% | 0.9% | ||
| Q2 24 | 6.8% | 3.1% | ||
| Q1 24 | 3.7% | 3.8% |
净利率IPMAGN
| Q4 25 | -50.3% | -4.3% | ||
| Q3 25 | -17.7% | — | ||
| Q2 25 | 1.1% | -2.1% | ||
| Q1 25 | -1.8% | -5.0% | ||
| Q4 24 | -3.2% | -8.5% | ||
| Q3 24 | 3.2% | -4.6% | ||
| Q2 24 | 10.5% | 3.4% | ||
| Q1 24 | 1.2% | 2.5% |
每股收益（稀释后）IPMAGN
| Q4 25 | $-4.76 | $-0.95 | ||
| Q3 25 | $-2.09 | — | ||
| Q2 25 | $0.14 | $-0.51 | ||
| Q1 25 | $-0.24 | $-1.15 | ||
| Q4 24 | $-0.42 | $-1.69 | ||
| Q3 24 | $0.42 | $-0.33 | ||
| Q2 24 | $1.41 | $0.60 | ||
| Q1 24 | $0.16 | $0.44 |
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 | $1.1B | $264.0M |
| 总债务越低越好 | $8.8B | $1.9B |
| 股东权益账面价值 | $14.8B | $1.0B |
| 总资产 | $38.0B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.60× | 1.86× |
8季度趋势，按日历期对齐
现金及短期投资IPMAGN
| Q4 25 | $1.1B | $264.0M | ||
| Q3 25 | $995.0M | — | ||
| Q2 25 | $1.1B | $276.0M | ||
| Q1 25 | $1.2B | $282.0M | ||
| Q4 24 | $1.2B | $215.0M | ||
| Q3 24 | $1.2B | $230.0M | ||
| Q2 24 | $1.0B | $33.9M | ||
| Q1 24 | $1.1B | $30.2M |
总债务IPMAGN
| Q4 25 | $8.8B | $1.9B | ||
| Q3 25 | $9.0B | — | ||
| Q2 25 | $9.7B | $2.0B | ||
| Q1 25 | $9.2B | $2.0B | ||
| Q4 24 | $5.4B | $2.0B | ||
| Q3 24 | $5.3B | $2.0B | ||
| Q2 24 | $5.3B | $877.4M | ||
| Q1 24 | $5.5B | $884.7M |
股东权益IPMAGN
| Q4 25 | $14.8B | $1.0B | ||
| Q3 25 | $17.3B | — | ||
| Q2 25 | $18.6B | $1.1B | ||
| Q1 25 | $18.1B | $1.1B | ||
| Q4 24 | $8.2B | $1.1B | ||
| Q3 24 | $8.6B | $2.1B | ||
| Q2 24 | $8.6B | $2.4B | ||
| Q1 24 | $8.3B | $2.4B |
总资产IPMAGN
| Q4 25 | $38.0B | $3.9B | ||
| Q3 25 | $40.6B | — | ||
| Q2 25 | $42.4B | $4.1B | ||
| Q1 25 | $41.2B | $4.1B | ||
| Q4 24 | $22.8B | $4.0B | ||
| Q3 24 | $23.2B | $2.8B | ||
| Q2 24 | $23.1B | $1.5B | ||
| Q1 24 | $23.0B | $1.5B |
负债/权益比IPMAGN
| Q4 25 | 0.60× | 1.86× | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.52× | 1.77× | ||
| Q1 25 | 0.51× | 1.83× | ||
| Q4 24 | 0.66× | 1.80× | ||
| Q3 24 | 0.62× | 0.91× | ||
| Q2 24 | 0.62× | 0.37× | ||
| Q1 24 | 0.66× | 0.36× |
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 | $905.0M | $2.0M |
| 自由现金流经营现金流 - 资本支出 | $255.0M | $-13.0M |
| 自由现金流率自由现金流/营收 | 5.4% | -1.6% |
| 资本支出强度资本支出/营收 | 13.7% | 1.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-159.0M | — |
8季度趋势，按日历期对齐
经营现金流IPMAGN
| Q4 25 | $905.0M | $2.0M | ||
| Q3 25 | $605.0M | — | ||
| Q2 25 | $476.0M | $0 | ||
| Q1 25 | $-288.0M | $65.0M | ||
| Q4 24 | $397.0M | $-58.0M | ||
| Q3 24 | $521.0M | $12.2M | ||
| Q2 24 | $365.0M | $38.0M | ||
| Q1 24 | $395.0M | $20.0M |
自由现金流IPMAGN
| Q4 25 | $255.0M | $-13.0M | ||
| Q3 25 | $150.0M | — | ||
| Q2 25 | $54.0M | — | ||
| Q1 25 | $-618.0M | $42.0M | ||
| Q4 24 | $137.0M | $-74.0M | ||
| Q3 24 | $309.0M | $3.6M | ||
| Q2 24 | $167.0M | $23.0M | ||
| Q1 24 | $144.0M | $12.5M |
自由现金流率IPMAGN
| Q4 25 | 5.4% | -1.6% | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | -10.5% | 5.1% | ||
| Q4 24 | 3.0% | -10.5% | ||
| Q3 24 | 6.6% | 1.1% | ||
| Q2 24 | 3.5% | 4.1% | ||
| Q1 24 | 3.1% | 2.2% |
资本支出强度IPMAGN
| Q4 25 | 13.7% | 1.9% | ||
| Q3 25 | 7.3% | — | ||
| Q2 25 | 6.2% | 1.5% | ||
| Q1 25 | 5.6% | 2.8% | ||
| Q4 24 | 5.7% | 2.3% | ||
| Q3 24 | 4.5% | 2.6% | ||
| Q2 24 | 4.2% | 2.7% | ||
| Q1 24 | 5.4% | 1.3% |
现金转化率IPMAGN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 6.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.47× | — | ||
| Q2 24 | 0.73× | 2.00× | ||
| Q1 24 | 7.05× | 1.43× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
