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国际纸业（IP）与宣伟（SHW）财务数据对比。点击上方公司名可切换其他公司
宣伟的季度营收约是国际纸业的1.2倍（$5.7B vs $4.7B），宣伟净利率更高（9.4% vs -50.3%，领先59.7%），宣伟同比增速更快（6.8% vs 3.6%），过去两年国际纸业的营收复合增速更高（1.3% vs -4.9%）
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。
宣伟是总部位于美国俄亥俄州克利夫兰的涂料企业，主要从事涂料、地坪覆盖材料及相关产品的生产、分销与销售业务，业务覆盖全球超过120个国家，截至2024年按营收计为全球规模最大的涂料企业。
IP vs SHW — 直观对比
营收规模更大
SHW
是对方的1.2倍
$4.7B
营收增速更快
SHW
高出3.2%
3.6%
净利率更高
SHW
高出59.7%
-50.3%
两年增速更快
IP
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $5.7B |
| 净利润 | $-2.4B | $534.7M |
| 毛利率 | 32.2% | 49.1% |
| 营业利润率 | -56.4% | — |
| 净利率 | -50.3% | 9.4% |
| 营收同比 | 3.6% | 6.8% |
| 净利润同比 | -1521.8% | 6.1% |
| 每股收益（稀释后） | $-4.76 | $2.15 |
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IPSHW
| Q1 26 | — | $5.7B | ||
| Q4 25 | $4.7B | $5.6B | ||
| Q3 25 | $6.2B | $6.4B | ||
| Q2 25 | $6.8B | $6.3B | ||
| Q1 25 | $5.9B | $5.3B | ||
| Q4 24 | $4.6B | $5.3B | ||
| Q3 24 | $4.7B | $6.2B | ||
| Q2 24 | $4.7B | $6.3B |
净利润IPSHW
| Q1 26 | — | $534.7M | ||
| Q4 25 | $-2.4B | $476.8M | ||
| Q3 25 | $-1.1B | $833.1M | ||
| Q2 25 | $75.0M | $754.7M | ||
| Q1 25 | $-105.0M | $503.9M | ||
| Q4 24 | $-147.0M | $480.1M | ||
| Q3 24 | $150.0M | $806.2M | ||
| Q2 24 | $498.0M | $889.9M |
毛利率IPSHW
| Q1 26 | — | 49.1% | ||
| Q4 25 | 32.2% | 48.5% | ||
| Q3 25 | 31.1% | 49.2% | ||
| Q2 25 | 27.9% | 49.4% | ||
| Q1 25 | 27.8% | 48.2% | ||
| Q4 24 | 29.0% | 48.6% | ||
| Q3 24 | 28.7% | 49.1% | ||
| Q2 24 | 29.0% | 48.8% |
营业利润率IPSHW
| Q1 26 | — | — | ||
| Q4 25 | -56.4% | 11.4% | ||
| Q3 25 | -10.8% | 16.7% | ||
| Q2 25 | 1.7% | 15.6% | ||
| Q1 25 | -2.3% | 12.3% | ||
| Q4 24 | -4.9% | 11.6% | ||
| Q3 24 | 5.1% | 21.4% | ||
| Q2 24 | 6.8% | 22.5% |
净利率IPSHW
| Q1 26 | — | 9.4% | ||
| Q4 25 | -50.3% | 8.5% | ||
| Q3 25 | -17.7% | 13.1% | ||
| Q2 25 | 1.1% | 12.0% | ||
| Q1 25 | -1.8% | 9.5% | ||
| Q4 24 | -3.2% | 9.1% | ||
| Q3 24 | 3.2% | 13.1% | ||
| Q2 24 | 10.5% | 14.2% |
每股收益（稀释后）IPSHW
| Q1 26 | — | $2.15 | ||
| Q4 25 | $-4.76 | $1.91 | ||
| Q3 25 | $-2.09 | $3.35 | ||
| Q2 25 | $0.14 | $3.00 | ||
| Q1 25 | $-0.24 | $2.00 | ||
| Q4 24 | $-0.42 | $1.90 | ||
| Q3 24 | $0.42 | $3.18 | ||
| Q2 24 | $1.41 | $3.50 |
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 | $216.9K |
| 总债务越低越好 | $8.8B | $11.7M |
| 股东权益账面价值 | $14.8B | $4.4M |
| 总资产 | $38.0B | $26.4M |
| 负债/权益比越低杠杆越低 | 0.60× | 2.64× |
8季度趋势，按日历期对齐
现金及短期投资IPSHW
| Q1 26 | — | $216.9K | ||
| Q4 25 | $1.1B | $207.2M | ||
| Q3 25 | $995.0M | $241.5M | ||
| Q2 25 | $1.1B | $269.8M | ||
| Q1 25 | $1.2B | $199.8M | ||
| Q4 24 | $1.2B | $210.4M | ||
| Q3 24 | $1.2B | $238.2M | ||
| Q2 24 | $1.0B | $200.0M |
总债务IPSHW
| Q1 26 | — | $11.7M | ||
| Q4 25 | $8.8B | $9.7B | ||
| Q3 25 | $9.0B | $9.7B | ||
| Q2 25 | $9.7B | $9.0B | ||
| Q1 25 | $9.2B | $9.0B | ||
| Q4 24 | $5.4B | $9.2B | ||
| Q3 24 | $5.3B | $9.2B | ||
| Q2 24 | $5.3B | $9.0B |
股东权益IPSHW
| Q1 26 | — | $4.4M | ||
| Q4 25 | $14.8B | $4.6B | ||
| Q3 25 | $17.3B | $4.4B | ||
| Q2 25 | $18.6B | $4.4B | ||
| Q1 25 | $18.1B | $4.1B | ||
| Q4 24 | $8.2B | $4.1B | ||
| Q3 24 | $8.6B | $4.2B | ||
| Q2 24 | $8.6B | $3.8B |
总资产IPSHW
| Q1 26 | — | $26.4M | ||
| Q4 25 | $38.0B | $25.9B | ||
| Q3 25 | $40.6B | $26.2B | ||
| Q2 25 | $42.4B | $25.4B | ||
| Q1 25 | $41.2B | $24.6B | ||
| Q4 24 | $22.8B | $23.6B | ||
| Q3 24 | $23.2B | $24.0B | ||
| Q2 24 | $23.1B | $23.7B |
负债/权益比IPSHW
| Q1 26 | — | 2.64× | ||
| Q4 25 | 0.60× | 2.10× | ||
| Q3 25 | 0.52× | 2.18× | ||
| Q2 25 | 0.52× | 2.04× | ||
| Q1 25 | 0.51× | 2.17× | ||
| Q4 24 | 0.66× | 2.28× | ||
| Q3 24 | 0.62× | 2.22× | ||
| Q2 24 | 0.62× | 2.39× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $255.0M | — |
| 自由现金流率自由现金流/营收 | 5.4% | — |
| 资本支出强度资本支出/营收 | 13.7% | 2.4% |
| 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 | $-159.0M | — |
8季度趋势，按日历期对齐
经营现金流IPSHW
| Q1 26 | — | — | ||
| Q4 25 | $905.0M | $1.1B | ||
| Q3 25 | $605.0M | $1.3B | ||
| Q2 25 | $476.0M | $1.1B | ||
| Q1 25 | $-288.0M | $-61.1M | ||
| Q4 24 | $397.0M | $934.5M | ||
| Q3 24 | $521.0M | $1.1B | ||
| Q2 24 | $365.0M | $1.2B |
自由现金流IPSHW
| Q1 26 | — | — | ||
| Q4 25 | $255.0M | $862.1M | ||
| Q3 25 | $150.0M | $1.1B | ||
| Q2 25 | $54.0M | $931.1M | ||
| Q1 25 | $-618.0M | $-250.4M | ||
| Q4 24 | $137.0M | $634.5M | ||
| Q3 24 | $309.0M | $839.4M | ||
| Q2 24 | $167.0M | $952.0M |
自由现金流率IPSHW
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 15.4% | ||
| Q3 25 | 2.4% | 17.5% | ||
| Q2 25 | 0.8% | 14.7% | ||
| Q1 25 | -10.5% | -4.7% | ||
| Q4 24 | 3.0% | 12.0% | ||
| Q3 24 | 6.6% | 13.6% | ||
| Q2 24 | 3.5% | 15.2% |
资本支出强度IPSHW
| Q1 26 | — | 2.4% | ||
| Q4 25 | 13.7% | 4.1% | ||
| Q3 25 | 7.3% | 3.1% | ||
| Q2 25 | 6.2% | 2.9% | ||
| Q1 25 | 5.6% | 3.6% | ||
| Q4 24 | 5.7% | 5.7% | ||
| Q3 24 | 4.5% | 3.8% | ||
| Q2 24 | 4.2% | 4.0% |
现金转化率IPSHW
| Q1 26 | — | — | ||
| Q4 25 | — | 2.29× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | 6.35× | 1.47× | ||
| Q1 25 | — | -0.12× | ||
| Q4 24 | — | 1.95× | ||
| Q3 24 | 3.47× | 1.33× | ||
| Q2 24 | 0.73× | 1.35× |
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% |
SHW
暂无分部数据
