vs
国际纸业（IP）与拉夫劳伦（RL）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拉夫劳伦的2.5倍（$6.0B vs $2.4B），拉夫劳伦净利率更高（15.0% vs 1.0%，领先14.0%），拉夫劳伦同比增速更快（12.2% vs -0.6%），拉夫劳伦自由现金流更多（$704.0M vs $94.0M），过去两年拉夫劳伦的营收复合增速更高（23.9% 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。
拉夫劳伦是源自美国的跨国时尚巨头，旗下同名高端时尚品牌风靡全球，企业规模达数十亿美元。品牌创始人拉夫劳伦于2015年9月卸任首席执行官，仍留任执行董事长兼首席创意官，主导品牌创意与整体发展方向。
IP vs RL — 直观对比
营收规模更大
IP
是对方的2.5倍
$2.4B
营收增速更快
RL
高出12.8%
-0.6%
净利率更高
RL
高出14.0%
1.0%
自由现金流更多
RL
多$610.0M
$94.0M
两年增速更快
RL
近两年复合增速
12.3%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $2.4B |
| 净利润 | $60.0M | $361.6M |
| 毛利率 | — | 69.9% |
| 营业利润率 | — | 19.6% |
| 净利率 | 1.0% | 15.0% |
| 营收同比 | -0.6% | 12.2% |
| 净利润同比 | 157.1% | 21.6% |
| 每股收益（稀释后） | $0.14 | $5.82 |
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IPRL
| Q1 26 | $6.0B | — | ||
| Q4 25 | $4.7B | $2.4B | ||
| Q3 25 | $6.2B | $2.0B | ||
| Q2 25 | $6.8B | $1.7B | ||
| Q1 25 | $5.9B | $1.7B | ||
| Q4 24 | $4.6B | $2.1B | ||
| Q3 24 | $4.7B | $1.7B | ||
| Q2 24 | $4.7B | $1.5B |
净利润IPRL
| Q1 26 | $60.0M | — | ||
| Q4 25 | $-2.4B | $361.6M | ||
| Q3 25 | $-1.1B | $207.5M | ||
| Q2 25 | $75.0M | $220.4M | ||
| Q1 25 | $-105.0M | $129.0M | ||
| Q4 24 | $-147.0M | $297.4M | ||
| Q3 24 | $150.0M | $147.9M | ||
| Q2 24 | $498.0M | $168.6M |
毛利率IPRL
| Q1 26 | — | — | ||
| Q4 25 | 32.2% | 69.9% | ||
| Q3 25 | 31.1% | 68.0% | ||
| Q2 25 | 27.9% | 72.3% | ||
| Q1 25 | 27.8% | 68.7% | ||
| Q4 24 | 29.0% | 68.4% | ||
| Q3 24 | 28.7% | 67.0% | ||
| Q2 24 | 29.0% | 70.5% |
营业利润率IPRL
| Q1 26 | — | — | ||
| Q4 25 | -56.4% | 19.6% | ||
| Q3 25 | -10.8% | 12.2% | ||
| Q2 25 | 1.7% | 15.9% | ||
| Q1 25 | -2.3% | 9.1% | ||
| Q4 24 | -4.9% | 18.2% | ||
| Q3 24 | 5.1% | 10.4% | ||
| Q2 24 | 6.8% | 13.8% |
净利率IPRL
| Q1 26 | 1.0% | — | ||
| Q4 25 | -50.3% | 15.0% | ||
| Q3 25 | -17.7% | 10.3% | ||
| Q2 25 | 1.1% | 12.8% | ||
| Q1 25 | -1.8% | 7.6% | ||
| Q4 24 | -3.2% | 13.9% | ||
| Q3 24 | 3.2% | 8.6% | ||
| Q2 24 | 10.5% | 11.1% |
每股收益（稀释后）IPRL
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-4.76 | $5.82 | ||
| Q3 25 | $-2.09 | $3.32 | ||
| Q2 25 | $0.14 | $3.52 | ||
| Q1 25 | $-0.24 | $2.03 | ||
| Q4 24 | $-0.42 | $4.66 | ||
| Q3 24 | $0.42 | $2.31 | ||
| Q2 24 | $1.41 | $2.61 |
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 | — | $2.3B |
| 总债务越低越好 | $8.2B | — |
| 股东权益账面价值 | $14.8B | $2.9B |
| 总资产 | $36.4B | $7.8B |
| 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IPRL
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $2.3B | ||
| Q3 25 | $995.0M | $1.6B | ||
| Q2 25 | $1.1B | $2.3B | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $1.2B | $1.7B | ||
| Q2 24 | $1.0B | $1.8B |
总债务IPRL
| 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IPRL
| Q1 26 | $14.8B | — | ||
| Q4 25 | $14.8B | $2.9B | ||
| Q3 25 | $17.3B | $2.6B | ||
| Q2 25 | $18.6B | $2.5B | ||
| Q1 25 | $18.1B | $2.6B | ||
| Q4 24 | $8.2B | $2.5B | ||
| Q3 24 | $8.6B | $2.4B | ||
| Q2 24 | $8.6B | $2.4B |
总资产IPRL
| Q1 26 | $36.4B | — | ||
| Q4 25 | $38.0B | $7.8B | ||
| Q3 25 | $40.6B | $7.3B | ||
| Q2 25 | $42.4B | $7.8B | ||
| Q1 25 | $41.2B | $7.0B | ||
| Q4 24 | $22.8B | $7.1B | ||
| Q3 24 | $23.2B | $6.8B | ||
| Q2 24 | $23.1B | $6.6B |
负债/权益比IPRL
| 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 | — | $779.6M |
| 自由现金流经营现金流 - 资本支出 | $94.0M | $704.0M |
| 自由现金流率自由现金流/营收 | 1.6% | 29.3% |
| 资本支出强度资本支出/营收 | 8.7% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | $553.0M | $694.5M |
8季度趋势，按日历期对齐
经营现金流IPRL
| Q1 26 | — | — | ||
| Q4 25 | $905.0M | $779.6M | ||
| Q3 25 | $605.0M | $53.2M | ||
| Q2 25 | $476.0M | $176.1M | ||
| Q1 25 | $-288.0M | $122.2M | ||
| Q4 24 | $397.0M | $738.4M | ||
| Q3 24 | $521.0M | $97.2M | ||
| Q2 24 | $365.0M | $277.3M |
自由现金流IPRL
| Q1 26 | $94.0M | — | ||
| Q4 25 | $255.0M | $704.0M | ||
| Q3 25 | $150.0M | $-40.6M | ||
| Q2 25 | $54.0M | $-11.2M | ||
| Q1 25 | $-618.0M | $42.3M | ||
| Q4 24 | $137.0M | $677.2M | ||
| Q3 24 | $309.0M | $55.5M | ||
| Q2 24 | $167.0M | $243.9M |
自由现金流率IPRL
| Q1 26 | 1.6% | — | ||
| Q4 25 | 5.4% | 29.3% | ||
| Q3 25 | 2.4% | -2.0% | ||
| Q2 25 | 0.8% | -0.7% | ||
| Q1 25 | -10.5% | 2.5% | ||
| Q4 24 | 3.0% | 31.6% | ||
| Q3 24 | 6.6% | 3.2% | ||
| Q2 24 | 3.5% | 16.1% |
资本支出强度IPRL
| Q1 26 | 8.7% | — | ||
| Q4 25 | 13.7% | 3.1% | ||
| Q3 25 | 7.3% | 4.7% | ||
| Q2 25 | 6.2% | 10.9% | ||
| Q1 25 | 5.6% | 4.7% | ||
| Q4 24 | 5.7% | 2.9% | ||
| Q3 24 | 4.5% | 2.4% | ||
| Q2 24 | 4.2% | 2.2% |
现金转化率IPRL
| Q1 26 | — | — | ||
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | 6.35× | 0.80× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 2.48× | ||
| Q3 24 | 3.47× | 0.66× | ||
| Q2 24 | 0.73× | 1.64× |
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% |
RL
暂无分部数据
