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国际纸业（IP）与PBF Energy Inc.（PBF）财务数据对比。点击上方公司名可切换其他公司
PBF Energy Inc.的季度营收约是国际纸业的1.3倍（$7.9B vs $6.0B），PBF Energy Inc.净利率更高（2.5% vs 1.0%，领先1.5%），PBF Energy Inc.同比增速更快（11.9% vs -0.6%），过去两年国际纸业的营收复合增速更高（12.3% vs -4.9%）
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。
PBF能源是一家美国石油炼制与物流企业，主营交通燃料、取暖油、润滑剂、石化原料及其他石油产品的生产与销售，在美国拥有并运营6座炼油厂，分布于路易斯安那州查尔梅特、俄亥俄州托莱多、新泽西州保尔斯伯勒、特拉华州特拉华城、加利福尼亚州托伦斯和马丁内斯。
IP vs PBF — 直观对比
营收规模更大
PBF
是对方的1.3倍
$6.0B
营收增速更快
PBF
高出12.4%
-0.6%
净利率更高
PBF
高出1.5%
1.0%
两年增速更快
IP
近两年复合增速
-4.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $7.9B |
| 净利润 | $60.0M | $200.2M |
| 毛利率 | — | 3.5% |
| 营业利润率 | — | 3.8% |
| 净利率 | 1.0% | 2.5% |
| 营收同比 | -0.6% | 11.9% |
| 净利润同比 | 157.1% | 149.4% |
| 每股收益（稀释后） | $0.14 | $1.65 |
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IPPBF
| Q1 26 | $6.0B | $7.9B | ||
| Q4 25 | $4.7B | $7.1B | ||
| Q3 25 | $6.2B | $7.7B | ||
| Q2 25 | $6.8B | $7.5B | ||
| Q1 25 | $5.9B | $7.1B | ||
| Q4 24 | $4.6B | $7.4B | ||
| Q3 24 | $4.7B | $8.4B | ||
| Q2 24 | $4.7B | $8.7B |
净利润IPPBF
| Q1 26 | $60.0M | $200.2M | ||
| Q4 25 | $-2.4B | $78.4M | ||
| Q3 25 | $-1.1B | $170.1M | ||
| Q2 25 | $75.0M | $-5.2M | ||
| Q1 25 | $-105.0M | $-401.8M | ||
| Q4 24 | $-147.0M | $-289.3M | ||
| Q3 24 | $150.0M | $-285.9M | ||
| Q2 24 | $498.0M | $-65.2M |
毛利率IPPBF
| Q1 26 | — | 3.5% | ||
| Q4 25 | 32.2% | -1.8% | ||
| Q3 25 | 31.1% | 0.5% | ||
| Q2 25 | 27.9% | -0.8% | ||
| Q1 25 | 27.8% | -5.9% | ||
| Q4 24 | 29.0% | -4.2% | ||
| Q3 24 | 28.7% | -3.4% | ||
| Q2 24 | 29.0% | 0.1% |
营业利润率IPPBF
| Q1 26 | — | 3.8% | ||
| Q4 25 | -56.4% | 1.8% | ||
| Q3 25 | -10.8% | 3.7% | ||
| Q2 25 | 1.7% | 0.6% | ||
| Q1 25 | -2.3% | -7.2% | ||
| Q4 24 | -4.9% | -5.2% | ||
| Q3 24 | 5.1% | -4.6% | ||
| Q2 24 | 6.8% | -0.9% |
净利率IPPBF
| Q1 26 | 1.0% | 2.5% | ||
| Q4 25 | -50.3% | 1.1% | ||
| Q3 25 | -17.7% | 2.2% | ||
| Q2 25 | 1.1% | -0.1% | ||
| Q1 25 | -1.8% | -5.7% | ||
| Q4 24 | -3.2% | -3.9% | ||
| Q3 24 | 3.2% | -3.4% | ||
| Q2 24 | 10.5% | -0.7% |
每股收益（稀释后）IPPBF
| Q1 26 | $0.14 | $1.65 | ||
| Q4 25 | $-4.76 | $0.74 | ||
| Q3 25 | $-2.09 | $1.45 | ||
| Q2 25 | $0.14 | $-0.05 | ||
| Q1 25 | $-0.24 | $-3.53 | ||
| Q4 24 | $-0.42 | $-2.41 | ||
| Q3 24 | $0.42 | $-2.49 | ||
| Q2 24 | $1.41 | $-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 | — | $541.8M |
| 总债务越低越好 | $8.2B | — |
| 股东权益账面价值 | $14.8B | $5.7B |
| 总资产 | $36.4B | $14.7B |
| 负债/权益比越低杠杆越低 | 0.55× | — |
8季度趋势，按日历期对齐
现金及短期投资IPPBF
| Q1 26 | — | $541.8M | ||
| Q4 25 | $1.1B | $527.9M | ||
| Q3 25 | $995.0M | $482.0M | ||
| Q2 25 | $1.1B | $590.7M | ||
| Q1 25 | $1.2B | $468.6M | ||
| Q4 24 | $1.2B | $536.1M | ||
| Q3 24 | $1.2B | $976.7M | ||
| Q2 24 | $1.0B | $1.4B |
总债务IPPBF
| Q1 26 | $8.2B | — | ||
| Q4 25 | $8.8B | — | ||
| Q3 25 | $9.0B | — | ||
| Q2 25 | $9.7B | — | ||
| Q1 25 | $9.2B | — | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.3B | — | ||
| Q2 24 | $5.3B | — |
股东权益IPPBF
| Q1 26 | $14.8B | $5.7B | ||
| Q4 25 | $14.8B | $5.3B | ||
| Q3 25 | $17.3B | $5.2B | ||
| Q2 25 | $18.6B | $5.1B | ||
| Q1 25 | $18.1B | $5.1B | ||
| Q4 24 | $8.2B | $5.5B | ||
| Q3 24 | $8.6B | $5.9B | ||
| Q2 24 | $8.6B | $6.3B |
总资产IPPBF
| Q1 26 | $36.4B | $14.7B | ||
| Q4 25 | $38.0B | $13.0B | ||
| Q3 25 | $40.6B | $13.0B | ||
| Q2 25 | $42.4B | $13.0B | ||
| Q1 25 | $41.2B | $13.0B | ||
| Q4 24 | $22.8B | $12.7B | ||
| Q3 24 | $23.2B | $13.1B | ||
| Q2 24 | $23.1B | $14.1B |
负债/权益比IPPBF
| Q1 26 | 0.55× | — | ||
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.62× | — |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $94.0M | — |
| 自由现金流率自由现金流/营收 | 1.6% | — |
| 资本支出强度资本支出/营收 | 8.7% | 4.0% |
| 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 | $553.0M | — |
8季度趋势，按日历期对齐
经营现金流IPPBF
| Q1 26 | — | — | ||
| Q4 25 | $905.0M | $366.6M | ||
| Q3 25 | $605.0M | $25.7M | ||
| Q2 25 | $476.0M | $191.1M | ||
| Q1 25 | $-288.0M | $-661.4M | ||
| Q4 24 | $397.0M | $-329.7M | ||
| Q3 24 | $521.0M | $-68.0M | ||
| Q2 24 | $365.0M | $425.3M |
自由现金流IPPBF
| Q1 26 | $94.0M | — | ||
| Q4 25 | $255.0M | $77.0M | ||
| Q3 25 | $150.0M | $-122.8M | ||
| Q2 25 | $54.0M | $35.0M | ||
| Q1 25 | $-618.0M | $-772.4M | ||
| Q4 24 | $137.0M | $-425.7M | ||
| Q3 24 | $309.0M | $-169.8M | ||
| Q2 24 | $167.0M | $371.8M |
自由现金流率IPPBF
| Q1 26 | 1.6% | — | ||
| Q4 25 | 5.4% | 1.1% | ||
| Q3 25 | 2.4% | -1.6% | ||
| Q2 25 | 0.8% | 0.5% | ||
| Q1 25 | -10.5% | -10.9% | ||
| Q4 24 | 3.0% | -5.8% | ||
| Q3 24 | 6.6% | -2.0% | ||
| Q2 24 | 3.5% | 4.3% |
资本支出强度IPPBF
| Q1 26 | 8.7% | 4.0% | ||
| Q4 25 | 13.7% | 4.1% | ||
| Q3 25 | 7.3% | 1.9% | ||
| Q2 25 | 6.2% | 2.1% | ||
| Q1 25 | 5.6% | 1.6% | ||
| Q4 24 | 5.7% | 1.3% | ||
| Q3 24 | 4.5% | 1.2% | ||
| Q2 24 | 4.2% | 0.6% |
现金转化率IPPBF
| Q1 26 | — | — | ||
| Q4 25 | — | 4.68× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | 6.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.47× | — | ||
| Q2 24 | 0.73× | — |
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
IP
| Packaging Solutions North America | $3.6B | 61% |
| Packaging Solutions EMEA | $2.3B | 39% |
| Corporate and Inter-segment Sales | $22.0M | 0% |
PBF
暂无分部数据
