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国际纸业（IP）与PILGRIMS PRIDE CORP（PPC）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PILGRIMS PRIDE CORP的1.3倍（$6.0B vs $4.5B），PILGRIMS PRIDE CORP净利率更高（2.2% vs 1.0%，领先1.2%），PILGRIMS PRIDE CORP同比增速更快（1.6% vs -0.6%），过去两年国际纸业的营收复合增速更高（12.3% vs -0.3%）
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。
Pilgrim's Pride是美国跨国食品企业，为美国及波多黎各最大的鸡肉生产商之一，同时是墨西哥第二大鸡肉生产商。公司2009年12月脱离破产状态，2011年将美国总部迁至科罗拉多州格里利，由JBS集团控股，2016年11月底以3.5亿美元收购Gold'n Plump。
IP vs PPC — 直观对比
营收规模更大
IP
是对方的1.3倍
$4.5B
营收增速更快
PPC
高出2.1%
-0.6%
净利率更高
PPC
高出1.2%
1.0%
两年增速更快
IP
近两年复合增速
-0.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $4.5B |
| 净利润 | $60.0M | $101.5M |
| 毛利率 | — | 7.6% |
| 营业利润率 | — | 3.6% |
| 净利率 | 1.0% | 2.2% |
| 营收同比 | -0.6% | 1.6% |
| 净利润同比 | 157.1% | — |
| 每股收益（稀释后） | $0.14 | $0.43 |
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IPPPC
| Q1 26 | $6.0B | $4.5B | ||
| Q4 25 | $4.7B | $4.5B | ||
| Q3 25 | $6.2B | $4.8B | ||
| Q2 25 | $6.8B | $4.8B | ||
| Q1 25 | $5.9B | $4.5B | ||
| Q4 24 | $4.6B | $4.4B | ||
| Q3 24 | $4.7B | $4.6B | ||
| Q2 24 | $4.7B | $4.6B |
净利润IPPPC
| Q1 26 | $60.0M | $101.5M | ||
| Q4 25 | $-2.4B | $88.0M | ||
| Q3 25 | $-1.1B | $342.8M | ||
| Q2 25 | $75.0M | $355.5M | ||
| Q1 25 | $-105.0M | $296.0M | ||
| Q4 24 | $-147.0M | $235.9M | ||
| Q3 24 | $150.0M | $349.9M | ||
| Q2 24 | $498.0M | $326.3M |
毛利率IPPPC
| Q1 26 | — | 7.6% | ||
| Q4 25 | 32.2% | 9.5% | ||
| Q3 25 | 31.1% | 13.9% | ||
| Q2 25 | 27.9% | 15.0% | ||
| Q1 25 | 27.8% | 12.4% | ||
| Q4 24 | 29.0% | 12.7% | ||
| Q3 24 | 28.7% | 14.9% | ||
| Q2 24 | 29.0% | 15.2% |
营业利润率IPPPC
| Q1 26 | — | 3.6% | ||
| Q4 25 | -56.4% | 4.5% | ||
| Q3 25 | -10.8% | 10.4% | ||
| Q2 25 | 1.7% | 10.8% | ||
| Q1 25 | -2.3% | 9.1% | ||
| Q4 24 | -4.9% | 7.0% | ||
| Q3 24 | 5.1% | 11.1% | ||
| Q2 24 | 6.8% | 9.7% |
净利率IPPPC
| Q1 26 | 1.0% | 2.2% | ||
| Q4 25 | -50.3% | 1.9% | ||
| Q3 25 | -17.7% | 7.2% | ||
| Q2 25 | 1.1% | 7.5% | ||
| Q1 25 | -1.8% | 6.6% | ||
| Q4 24 | -3.2% | 5.4% | ||
| Q3 24 | 3.2% | 7.6% | ||
| Q2 24 | 10.5% | 7.2% |
每股收益（稀释后）IPPPC
| Q1 26 | $0.14 | $0.43 | ||
| Q4 25 | $-4.76 | $0.37 | ||
| Q3 25 | $-2.09 | $1.44 | ||
| Q2 25 | $0.14 | $1.49 | ||
| Q1 25 | $-0.24 | $1.24 | ||
| Q4 24 | $-0.42 | $1.00 | ||
| Q3 24 | $0.42 | $1.47 | ||
| Q2 24 | $1.41 | $1.37 |
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 | — | $542.4M |
| 总债务越低越好 | $8.2B | $3.1B |
| 股东权益账面价值 | $14.8B | $3.7B |
| 总资产 | $36.4B | $10.2B |
| 负债/权益比越低杠杆越低 | 0.55× | 0.83× |
8季度趋势，按日历期对齐
现金及短期投资IPPPC
| Q1 26 | — | $542.4M | ||
| Q4 25 | $1.1B | $640.2M | ||
| Q3 25 | $995.0M | $612.6M | ||
| Q2 25 | $1.1B | $849.0M | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $1.0B | $1.3B |
总债务IPPPC
| Q1 26 | $8.2B | $3.1B | ||
| Q4 25 | $8.8B | $3.1B | ||
| Q3 25 | $9.0B | $3.1B | ||
| Q2 25 | $9.7B | $3.1B | ||
| Q1 25 | $9.2B | $3.2B | ||
| Q4 24 | $5.4B | $3.2B | ||
| Q3 24 | $5.3B | $3.2B | ||
| Q2 24 | $5.3B | $3.2B |
股东权益IPPPC
| Q1 26 | $14.8B | $3.7B | ||
| Q4 25 | $14.8B | $3.7B | ||
| Q3 25 | $17.3B | $3.5B | ||
| Q2 25 | $18.6B | $3.7B | ||
| Q1 25 | $18.1B | $3.1B | ||
| Q4 24 | $8.2B | $4.2B | ||
| Q3 24 | $8.6B | $4.2B | ||
| Q2 24 | $8.6B | $3.7B |
总资产IPPPC
| Q1 26 | $36.4B | $10.2B | ||
| Q4 25 | $38.0B | $10.3B | ||
| Q3 25 | $40.6B | $10.0B | ||
| Q2 25 | $42.4B | $10.1B | ||
| Q1 25 | $41.2B | $11.0B | ||
| Q4 24 | $22.8B | $10.7B | ||
| Q3 24 | $23.2B | $10.7B | ||
| Q2 24 | $23.1B | $10.1B |
负债/权益比IPPPC
| Q1 26 | 0.55× | 0.83× | ||
| Q4 25 | 0.60× | 0.84× | ||
| Q3 25 | 0.52× | 0.87× | ||
| Q2 25 | 0.52× | 0.83× | ||
| Q1 25 | 0.51× | 1.02× | ||
| Q4 24 | 0.66× | 0.76× | ||
| Q3 24 | 0.62× | 0.76× | ||
| Q2 24 | 0.62× | 0.85× |
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% | — |
| 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IPPPC
| Q1 26 | — | — | ||
| Q4 25 | $905.0M | $291.2M | ||
| Q3 25 | $605.0M | $458.3M | ||
| Q2 25 | $476.0M | $495.2M | ||
| Q1 25 | $-288.0M | $126.9M | ||
| Q4 24 | $397.0M | $349.3M | ||
| Q3 24 | $521.0M | $651.1M | ||
| Q2 24 | $365.0M | $718.6M |
自由现金流IPPPC
| Q1 26 | $94.0M | — | ||
| Q4 25 | $255.0M | $10.0M | ||
| Q3 25 | $150.0M | $275.9M | ||
| Q2 25 | $54.0M | $339.1M | ||
| Q1 25 | $-618.0M | $28.1M | ||
| Q4 24 | $137.0M | $176.6M | ||
| Q3 24 | $309.0M | $565.3M | ||
| Q2 24 | $167.0M | $617.7M |
自由现金流率IPPPC
| Q1 26 | 1.6% | — | ||
| Q4 25 | 5.4% | 0.2% | ||
| Q3 25 | 2.4% | 5.8% | ||
| Q2 25 | 0.8% | 7.1% | ||
| Q1 25 | -10.5% | 0.6% | ||
| Q4 24 | 3.0% | 4.0% | ||
| Q3 24 | 6.6% | 12.3% | ||
| Q2 24 | 3.5% | 13.5% |
资本支出强度IPPPC
| Q1 26 | 8.7% | — | ||
| Q4 25 | 13.7% | 6.2% | ||
| Q3 25 | 7.3% | 3.8% | ||
| Q2 25 | 6.2% | 3.3% | ||
| Q1 25 | 5.6% | 2.2% | ||
| Q4 24 | 5.7% | 4.0% | ||
| Q3 24 | 4.5% | 1.9% | ||
| Q2 24 | 4.2% | 2.2% |
现金转化率IPPPC
| Q1 26 | — | — | ||
| Q4 25 | — | 3.31× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | 6.35× | 1.39× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 3.47× | 1.86× | ||
| Q2 24 | 0.73× | 2.20× |
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% |
PPC
| U.S | $2.6B | 58% |
| Europe | $1.4B | 30% |
| Mexico | $545.5M | 12% |
