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国际纸业（IP）与Raymond James Financial（RJF）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Raymond James Financial的1.5倍（$6.0B vs $3.9B），Raymond James Financial净利率更高（14.1% vs 1.0%，领先13.1%），Raymond James Financial同比增速更快（13.0% vs -0.6%），过去两年国际纸业的营收复合增速更高（12.3% 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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
IP vs RJF — 直观对比
营收规模更大
IP
是对方的1.5倍
$3.9B
营收增速更快
RJF
高出13.6%
-0.6%
净利率更高
RJF
高出13.1%
1.0%
两年增速更快
IP
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $3.9B |
| 净利润 | $60.0M | $544.0M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 1.0% | 14.1% |
| 营收同比 | -0.6% | 13.0% |
| 净利润同比 | 157.1% | 10.0% |
| 每股收益（稀释后） | $0.14 | $2.83 |
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IPRJF
| Q1 26 | $6.0B | $3.9B | ||
| Q4 25 | $4.7B | $4.2B | ||
| Q3 25 | $6.2B | $4.2B | ||
| Q2 25 | $6.8B | $3.8B | ||
| Q1 25 | $5.9B | $3.8B | ||
| Q4 24 | $4.6B | $4.0B | ||
| Q3 24 | $4.7B | $4.0B | ||
| Q2 24 | $4.7B | $3.8B |
净利润IPRJF
| Q1 26 | $60.0M | $544.0M | ||
| Q4 25 | $-2.4B | $563.0M | ||
| Q3 25 | $-1.1B | $604.0M | ||
| Q2 25 | $75.0M | $436.0M | ||
| Q1 25 | $-105.0M | $495.0M | ||
| Q4 24 | $-147.0M | $600.0M | ||
| Q3 24 | $150.0M | $602.0M | ||
| Q2 24 | $498.0M | $492.0M |
毛利率IPRJF
| Q1 26 | — | — | ||
| Q4 25 | 32.2% | — | ||
| Q3 25 | 31.1% | — | ||
| Q2 25 | 27.9% | — | ||
| Q1 25 | 27.8% | — | ||
| Q4 24 | 29.0% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 29.0% | — |
营业利润率IPRJF
| Q1 26 | — | — | ||
| Q4 25 | -56.4% | — | ||
| Q3 25 | -10.8% | — | ||
| Q2 25 | 1.7% | 14.7% | ||
| Q1 25 | -2.3% | 17.5% | ||
| Q4 24 | -4.9% | 18.6% | ||
| Q3 24 | 5.1% | — | ||
| Q2 24 | 6.8% | 17.1% |
净利率IPRJF
| Q1 26 | 1.0% | 14.1% | ||
| Q4 25 | -50.3% | 13.5% | ||
| Q3 25 | -17.7% | 14.4% | ||
| Q2 25 | 1.1% | 11.3% | ||
| Q1 25 | -1.8% | 12.9% | ||
| Q4 24 | -3.2% | 14.9% | ||
| Q3 24 | 3.2% | 15.0% | ||
| Q2 24 | 10.5% | 13.1% |
每股收益（稀释后）IPRJF
| Q1 26 | $0.14 | $2.83 | ||
| Q4 25 | $-4.76 | $2.79 | ||
| Q3 25 | $-2.09 | $2.96 | ||
| Q2 25 | $0.14 | $2.12 | ||
| Q1 25 | $-0.24 | $2.36 | ||
| Q4 24 | $-0.42 | $2.86 | ||
| Q3 24 | $0.42 | $2.85 | ||
| Q2 24 | $1.41 | $2.31 |
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 | — | $5.4B |
| 总债务越低越好 | $8.2B | — |
| 股东权益账面价值 | $14.8B | $52.0M |
| 总资产 | $36.4B | $91.9B |
| 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IPRJF
| Q1 26 | — | $5.4B | ||
| Q4 25 | $1.1B | $9.9B | ||
| Q3 25 | $995.0M | $11.4B | ||
| Q2 25 | $1.1B | $9.2B | ||
| Q1 25 | $1.2B | $9.7B | ||
| Q4 24 | $1.2B | $10.0B | ||
| Q3 24 | $1.2B | $11.0B | ||
| Q2 24 | $1.0B | $9.1B |
总债务IPRJF
| 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IPRJF
| Q1 26 | $14.8B | $52.0M | ||
| Q4 25 | $14.8B | $12.6B | ||
| Q3 25 | $17.3B | $12.5B | ||
| Q2 25 | $18.6B | $12.3B | ||
| Q1 25 | $18.1B | $12.2B | ||
| Q4 24 | $8.2B | $11.9B | ||
| Q3 24 | $8.6B | $11.7B | ||
| Q2 24 | $8.6B | $11.2B |
总资产IPRJF
| Q1 26 | $36.4B | $91.9B | ||
| Q4 25 | $38.0B | $88.8B | ||
| Q3 25 | $40.6B | $88.2B | ||
| Q2 25 | $42.4B | $84.8B | ||
| Q1 25 | $41.2B | $83.1B | ||
| Q4 24 | $22.8B | $82.3B | ||
| Q3 24 | $23.2B | $83.0B | ||
| Q2 24 | $23.1B | $80.6B |
负债/权益比IPRJF
| 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% | — |
| 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IPRJF
| Q1 26 | — | — | ||
| Q4 25 | $905.0M | $-10.0M | ||
| Q3 25 | $605.0M | $796.0M | ||
| Q2 25 | $476.0M | $691.0M | ||
| Q1 25 | $-288.0M | $117.0M | ||
| Q4 24 | $397.0M | $830.0M | ||
| Q3 24 | $521.0M | $510.0M | ||
| Q2 24 | $365.0M | $711.0M |
自由现金流IPRJF
| Q1 26 | $94.0M | — | ||
| Q4 25 | $255.0M | $-56.0M | ||
| Q3 25 | $150.0M | $752.0M | ||
| Q2 25 | $54.0M | $634.0M | ||
| Q1 25 | $-618.0M | $71.0M | ||
| Q4 24 | $137.0M | $789.0M | ||
| Q3 24 | $309.0M | $460.0M | ||
| Q2 24 | $167.0M | $655.0M |
自由现金流率IPRJF
| Q1 26 | 1.6% | — | ||
| Q4 25 | 5.4% | -1.3% | ||
| Q3 25 | 2.4% | 17.9% | ||
| Q2 25 | 0.8% | 16.5% | ||
| Q1 25 | -10.5% | 1.8% | ||
| Q4 24 | 3.0% | 19.6% | ||
| Q3 24 | 6.6% | 11.5% | ||
| Q2 24 | 3.5% | 17.4% |
资本支出强度IPRJF
| Q1 26 | 8.7% | — | ||
| Q4 25 | 13.7% | 1.1% | ||
| Q3 25 | 7.3% | 1.1% | ||
| Q2 25 | 6.2% | 1.5% | ||
| Q1 25 | 5.6% | 1.2% | ||
| Q4 24 | 5.7% | 1.0% | ||
| Q3 24 | 4.5% | 1.2% | ||
| Q2 24 | 4.2% | 1.5% |
现金转化率IPRJF
| Q1 26 | — | — | ||
| Q4 25 | — | -0.02× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | 6.35× | 1.58× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 1.38× | ||
| Q3 24 | 3.47× | 0.85× | ||
| Q2 24 | 0.73× | 1.45× |
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% |
RJF
| Private Client Group | $2.8B | 73% |
| Bank | $486.0M | 13% |
| Capital Markets | $464.0M | 12% |
| Other | $99.0M | 3% |
