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国际纸业（IP）与Quanta Services（PWR）财务数据对比。点击上方公司名可切换其他公司
Quanta Services的季度营收约是国际纸业的1.7倍（$7.8B vs $4.7B），Quanta Services净利率更高（4.0% vs -50.3%，领先54.3%），Quanta Services同比增速更快（19.7% vs 3.6%），Quanta Services自由现金流更多（$934.0M vs $255.0M），过去两年Quanta Services的营收复合增速更高（24.8% 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。
Quanta Services是美国基础设施服务企业，业务覆盖电力、管道、工业、通信四大领域，可提供各类网络基础设施的规划、设计、安装、项目管理、运维及维修服务。公司自成立以来除内生增长外，已累计收购超150家电力承包领域相关企业。
IP vs PWR — 直观对比
营收规模更大
PWR
是对方的1.7倍
$4.7B
营收增速更快
PWR
高出16.1%
3.6%
净利率更高
PWR
高出54.3%
-50.3%
自由现金流更多
PWR
多$679.0M
$255.0M
两年增速更快
PWR
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $7.8B |
| 净利润 | $-2.4B | $316.6M |
| 毛利率 | 32.2% | 15.5% |
| 营业利润率 | -56.4% | 6.2% |
| 净利率 | -50.3% | 4.0% |
| 营收同比 | 3.6% | 19.7% |
| 净利润同比 | -1521.8% | 2.0% |
| 每股收益（稀释后） | $-4.76 | $2.08 |
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IPPWR
| Q4 25 | $4.7B | $7.8B | ||
| Q3 25 | $6.2B | $7.6B | ||
| Q2 25 | $6.8B | $6.8B | ||
| Q1 25 | $5.9B | $6.2B | ||
| Q4 24 | $4.6B | $6.6B | ||
| Q3 24 | $4.7B | $6.5B | ||
| Q2 24 | $4.7B | $5.6B | ||
| Q1 24 | $4.6B | $5.0B |
净利润IPPWR
| Q4 25 | $-2.4B | $316.6M | ||
| Q3 25 | $-1.1B | $339.4M | ||
| Q2 25 | $75.0M | $229.3M | ||
| Q1 25 | $-105.0M | $144.3M | ||
| Q4 24 | $-147.0M | $310.3M | ||
| Q3 24 | $150.0M | $293.2M | ||
| Q2 24 | $498.0M | $188.2M | ||
| Q1 24 | $56.0M | $118.4M |
毛利率IPPWR
| Q4 25 | 32.2% | 15.5% | ||
| Q3 25 | 31.1% | 15.9% | ||
| Q2 25 | 27.9% | 14.9% | ||
| Q1 25 | 27.8% | 13.4% | ||
| Q4 24 | 29.0% | 16.2% | ||
| Q3 24 | 28.7% | 15.6% | ||
| Q2 24 | 29.0% | 14.5% | ||
| Q1 24 | 25.9% | 12.4% |
营业利润率IPPWR
| Q4 25 | -56.4% | 6.2% | ||
| Q3 25 | -10.8% | 6.8% | ||
| Q2 25 | 1.7% | 5.5% | ||
| Q1 25 | -2.3% | 3.8% | ||
| Q4 24 | -4.9% | 6.9% | ||
| Q3 24 | 5.1% | 6.6% | ||
| Q2 24 | 6.8% | 5.5% | ||
| Q1 24 | 3.7% | 3.1% |
净利率IPPWR
| Q4 25 | -50.3% | 4.0% | ||
| Q3 25 | -17.7% | 4.4% | ||
| Q2 25 | 1.1% | 3.4% | ||
| Q1 25 | -1.8% | 2.3% | ||
| Q4 24 | -3.2% | 4.7% | ||
| Q3 24 | 3.2% | 4.5% | ||
| Q2 24 | 10.5% | 3.4% | ||
| Q1 24 | 1.2% | 2.4% |
每股收益（稀释后）IPPWR
| Q4 25 | $-4.76 | $2.08 | ||
| Q3 25 | $-2.09 | $2.24 | ||
| Q2 25 | $0.14 | $1.52 | ||
| Q1 25 | $-0.24 | $0.96 | ||
| Q4 24 | $-0.42 | $2.03 | ||
| Q3 24 | $0.42 | $1.95 | ||
| Q2 24 | $1.41 | $1.26 | ||
| Q1 24 | $0.16 | $0.79 |
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 | $439.5M |
| 总债务越低越好 | $8.8B | $5.2B |
| 股东权益账面价值 | $14.8B | $8.9B |
| 总资产 | $38.0B | $24.9B |
| 负债/权益比越低杠杆越低 | 0.60× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资IPPWR
| Q4 25 | $1.1B | $439.5M | ||
| Q3 25 | $995.0M | $610.4M | ||
| Q2 25 | $1.1B | $509.5M | ||
| Q1 25 | $1.2B | $520.6M | ||
| Q4 24 | $1.2B | $742.0M | ||
| Q3 24 | $1.2B | $764.1M | ||
| Q2 24 | $1.0B | $518.1M | ||
| Q1 24 | $1.1B | $531.1M |
总债务IPPWR
| Q4 25 | $8.8B | $5.2B | ||
| Q3 25 | $9.0B | $5.5B | ||
| Q2 25 | $9.7B | $4.7B | ||
| Q1 25 | $9.2B | $4.4B | ||
| Q4 24 | $5.4B | $4.1B | ||
| Q3 24 | $5.3B | $4.1B | ||
| Q2 24 | $5.3B | $3.0B | ||
| Q1 24 | $5.5B | $3.2B |
股东权益IPPWR
| Q4 25 | $14.8B | $8.9B | ||
| Q3 25 | $17.3B | $8.4B | ||
| Q2 25 | $18.6B | $7.9B | ||
| Q1 25 | $18.1B | $7.5B | ||
| Q4 24 | $8.2B | $7.3B | ||
| Q3 24 | $8.6B | $7.1B | ||
| Q2 24 | $8.6B | $6.6B | ||
| Q1 24 | $8.3B | $6.4B |
总资产IPPWR
| Q4 25 | $38.0B | $24.9B | ||
| Q3 25 | $40.6B | $22.7B | ||
| Q2 25 | $42.4B | $19.9B | ||
| Q1 25 | $41.2B | $19.1B | ||
| Q4 24 | $22.8B | $18.7B | ||
| Q3 24 | $23.2B | $18.9B | ||
| Q2 24 | $23.1B | $15.9B | ||
| Q1 24 | $23.0B | $15.5B |
负债/权益比IPPWR
| Q4 25 | 0.60× | 0.59× | ||
| Q3 25 | 0.52× | 0.66× | ||
| Q2 25 | 0.52× | 0.59× | ||
| Q1 25 | 0.51× | 0.58× | ||
| Q4 24 | 0.66× | 0.56× | ||
| Q3 24 | 0.62× | 0.58× | ||
| Q2 24 | 0.62× | 0.45× | ||
| Q1 24 | 0.66× | 0.50× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $255.0M | $934.0M |
| 自由现金流率自由现金流/营收 | 5.4% | 11.9% |
| 资本支出强度资本支出/营收 | 13.7% | 2.5% |
| 现金转化率经营现金流/净利润 | — | 3.56× |
| 过去12个月自由现金流最近4个季度 | $-159.0M | $1.6B |
8季度趋势，按日历期对齐
经营现金流IPPWR
| Q4 25 | $905.0M | $1.1B | ||
| Q3 25 | $605.0M | $563.5M | ||
| Q2 25 | $476.0M | $295.7M | ||
| Q1 25 | $-288.0M | $243.2M | ||
| Q4 24 | $397.0M | $712.0M | ||
| Q3 24 | $521.0M | $739.9M | ||
| Q2 24 | $365.0M | $391.3M | ||
| Q1 24 | $395.0M | $238.0M |
自由现金流IPPWR
| Q4 25 | $255.0M | $934.0M | ||
| Q3 25 | $150.0M | $421.0M | ||
| Q2 25 | $54.0M | $155.4M | ||
| Q1 25 | $-618.0M | $110.4M | ||
| Q4 24 | $137.0M | $565.0M | ||
| Q3 24 | $309.0M | $527.4M | ||
| Q2 24 | $167.0M | $229.9M | ||
| Q1 24 | $144.0M | $154.8M |
自由现金流率IPPWR
| Q4 25 | 5.4% | 11.9% | ||
| Q3 25 | 2.4% | 5.5% | ||
| Q2 25 | 0.8% | 2.3% | ||
| Q1 25 | -10.5% | 1.8% | ||
| Q4 24 | 3.0% | 8.6% | ||
| Q3 24 | 6.6% | 8.1% | ||
| Q2 24 | 3.5% | 4.1% | ||
| Q1 24 | 3.1% | 3.1% |
资本支出强度IPPWR
| Q4 25 | 13.7% | 2.5% | ||
| Q3 25 | 7.3% | 1.9% | ||
| Q2 25 | 6.2% | 2.1% | ||
| Q1 25 | 5.6% | 2.1% | ||
| Q4 24 | 5.7% | 2.2% | ||
| Q3 24 | 4.5% | 3.3% | ||
| Q2 24 | 4.2% | 2.9% | ||
| Q1 24 | 5.4% | 1.7% |
现金转化率IPPWR
| Q4 25 | — | 3.56× | ||
| Q3 25 | — | 1.66× | ||
| Q2 25 | 6.35× | 1.29× | ||
| Q1 25 | — | 1.69× | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | 3.47× | 2.52× | ||
| Q2 24 | 0.73× | 2.08× | ||
| Q1 24 | 7.05× | 2.01× |
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
| Other | $2.4B | 52% |
| DS Smith Packaging | $2.3B | 48% |
PWR
暂无分部数据
