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国际纸业（IP）与Rocket Companies, Inc.（RKT）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Rocket Companies, Inc.的2.2倍（$6.0B vs $2.7B），Rocket Companies, Inc.净利率更高（2.5% vs 1.0%，领先1.5%），Rocket Companies, Inc.同比增速更快（52.2% vs -0.6%），国际纸业自由现金流更多（$94.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 12.3%）
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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
IP vs RKT — 直观对比
营收规模更大
IP
是对方的2.2倍
$2.7B
营收增速更快
RKT
高出52.7%
-0.6%
净利率更高
RKT
高出1.5%
1.0%
自由现金流更多
IP
多$1.4B
$-1.3B
两年增速更快
RKT
近两年复合增速
12.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $2.7B |
| 净利润 | $60.0M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.3% |
| 净利率 | 1.0% | 2.5% |
| 营收同比 | -0.6% | 52.2% |
| 净利润同比 | 157.1% | 100.8% |
| 每股收益（稀释后） | $0.14 | $0.10 |
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IPRKT
| Q1 26 | $6.0B | — | ||
| Q4 25 | $4.7B | $2.7B | ||
| Q3 25 | $6.2B | $1.6B | ||
| Q2 25 | $6.8B | $1.4B | ||
| Q1 25 | $5.9B | $1.0B | ||
| Q4 24 | $4.6B | $1.8B | ||
| Q3 24 | $4.7B | $646.9M | ||
| Q2 24 | $4.7B | $1.3B |
净利润IPRKT
| Q1 26 | $60.0M | — | ||
| Q4 25 | $-2.4B | $68.0M | ||
| Q3 25 | $-1.1B | $-123.9M | ||
| Q2 25 | $75.0M | $-1.8M | ||
| Q1 25 | $-105.0M | $-10.4M | ||
| Q4 24 | $-147.0M | $33.9M | ||
| Q3 24 | $150.0M | $-22.0M | ||
| Q2 24 | $498.0M | $1.3M |
毛利率IPRKT
| Q1 26 | — | — | ||
| Q4 25 | 32.2% | — | ||
| Q3 25 | 31.1% | — | ||
| Q2 25 | 27.9% | — | ||
| Q1 25 | 27.8% | — | ||
| Q4 24 | 29.0% | 58.9% | ||
| Q3 24 | 28.7% | -8.4% | ||
| Q2 24 | 29.0% | 47.4% |
营业利润率IPRKT
| Q1 26 | — | — | ||
| Q4 25 | -56.4% | 6.3% | ||
| Q3 25 | -10.8% | -11.5% | ||
| Q2 25 | 1.7% | 1.8% | ||
| Q1 25 | -2.3% | -21.5% | ||
| Q4 24 | -4.9% | 38.1% | ||
| Q3 24 | 5.1% | -76.9% | ||
| Q2 24 | 6.8% | 14.8% |
净利率IPRKT
| Q1 26 | 1.0% | — | ||
| Q4 25 | -50.3% | 2.5% | ||
| Q3 25 | -17.7% | -7.7% | ||
| Q2 25 | 1.1% | -0.1% | ||
| Q1 25 | -1.8% | -1.0% | ||
| Q4 24 | -3.2% | 1.9% | ||
| Q3 24 | 3.2% | -3.4% | ||
| Q2 24 | 10.5% | 0.1% |
每股收益（稀释后）IPRKT
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-4.76 | $0.10 | ||
| Q3 25 | $-2.09 | $-0.06 | ||
| Q2 25 | $0.14 | $-0.01 | ||
| Q1 25 | $-0.24 | $-0.08 | ||
| Q4 24 | $-0.42 | $0.28 | ||
| Q3 24 | $0.42 | $-0.19 | ||
| Q2 24 | $1.41 | $0.01 |
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 | — | $2.7B |
| 总债务越低越好 | $8.2B | — |
| 股东权益账面价值 | $14.8B | $22.9B |
| 总资产 | $36.4B | $60.7B |
| 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IPRKT
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $2.7B | ||
| Q3 25 | $995.0M | $5.8B | ||
| Q2 25 | $1.1B | $5.1B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.0B | $1.3B |
总债务IPRKT
| 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IPRKT
| Q1 26 | $14.8B | — | ||
| Q4 25 | $14.8B | $22.9B | ||
| Q3 25 | $17.3B | $8.9B | ||
| Q2 25 | $18.6B | $7.4B | ||
| Q1 25 | $18.1B | $8.6B | ||
| Q4 24 | $8.2B | $9.0B | ||
| Q3 24 | $8.6B | $8.4B | ||
| Q2 24 | $8.6B | $8.8B |
总资产IPRKT
| Q1 26 | $36.4B | — | ||
| Q4 25 | $38.0B | $60.7B | ||
| Q3 25 | $40.6B | $33.6B | ||
| Q2 25 | $42.4B | $30.4B | ||
| Q1 25 | $41.2B | $25.3B | ||
| Q4 24 | $22.8B | $24.5B | ||
| Q3 24 | $23.2B | $25.1B | ||
| Q2 24 | $23.1B | $23.6B |
负债/权益比IPRKT
| 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 | — | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $94.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 1.6% | -47.2% |
| 资本支出强度资本支出/营收 | 8.7% | 1.5% |
| 现金转化率经营现金流/净利润 | — | -18.08× |
| 过去12个月自由现金流最近4个季度 | $553.0M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流IPRKT
| Q1 26 | — | — | ||
| Q4 25 | $905.0M | $-1.2B | ||
| Q3 25 | $605.0M | $-50.3M | ||
| Q2 25 | $476.0M | $-1.9B | ||
| Q1 25 | $-288.0M | $-797.0M | ||
| Q4 24 | $397.0M | $1.8B | ||
| Q3 24 | $521.0M | $-1.3B | ||
| Q2 24 | $365.0M | $-122.3M |
自由现金流IPRKT
| Q1 26 | $94.0M | — | ||
| Q4 25 | $255.0M | $-1.3B | ||
| Q3 25 | $150.0M | $-71.8M | ||
| Q2 25 | $54.0M | $-1.9B | ||
| Q1 25 | $-618.0M | $-811.0M | ||
| Q4 24 | $137.0M | $1.8B | ||
| Q3 24 | $309.0M | $-1.4B | ||
| Q2 24 | $167.0M | $-138.3M |
自由现金流率IPRKT
| Q1 26 | 1.6% | — | ||
| Q4 25 | 5.4% | -47.2% | ||
| Q3 25 | 2.4% | -4.5% | ||
| Q2 25 | 0.8% | -137.2% | ||
| Q1 25 | -10.5% | -78.2% | ||
| Q4 24 | 3.0% | 103.1% | ||
| Q3 24 | 6.6% | -209.6% | ||
| Q2 24 | 3.5% | -10.6% |
资本支出强度IPRKT
| Q1 26 | 8.7% | — | ||
| Q4 25 | 13.7% | 1.5% | ||
| Q3 25 | 7.3% | 1.3% | ||
| Q2 25 | 6.2% | 1.1% | ||
| Q1 25 | 5.6% | 1.4% | ||
| Q4 24 | 5.7% | 1.1% | ||
| Q3 24 | 4.5% | 2.9% | ||
| Q2 24 | 4.2% | 1.2% |
现金转化率IPRKT
| Q1 26 | — | — | ||
| Q4 25 | — | -18.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | 6.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 54.42× | ||
| Q3 24 | 3.47× | — | ||
| Q2 24 | 0.73× | -94.46× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
