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国际纸业（IP）与Sylvamo Corp（SLVM）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Sylvamo Corp的5.3倍（$4.7B vs $890.0M）。Sylvamo Corp净利率更高（3.7% vs -50.3%，领先54.0%）。国际纸业同比增速更快（3.6% vs -8.2%）。国际纸业自由现金流更多（$255.0M vs $38.0M）。过去两年国际纸业的营收复合增速更高（1.3% vs -0.8%）
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。
西尔瓦莫公司是全球领先的可持续纸浆与纸品生产商，核心产品包括非涂布印刷纸、包装纸及商用纸浆，业务覆盖北美、欧洲、拉美地区，服务办公耗材、出版、商业印刷、包装等多个领域。
IP vs SLVM — 直观对比
营收规模更大
IP
是对方的5.3倍
$890.0M
营收增速更快
IP
高出11.8%
-8.2%
净利率更高
SLVM
高出54.0%
-50.3%
自由现金流更多
IP
多$217.0M
$38.0M
两年增速更快
IP
近两年复合增速
-0.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $890.0M |
| 净利润 | $-2.4B | $33.0M |
| 毛利率 | 32.2% | — |
| 营业利润率 | -56.4% | 8.9% |
| 净利率 | -50.3% | 3.7% |
| 营收同比 | 3.6% | -8.2% |
| 净利润同比 | -1521.8% | -59.3% |
| 每股收益（稀释后） | $-4.76 | $0.81 |
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IPSLVM
| Q4 25 | $4.7B | $890.0M | ||
| Q3 25 | $6.2B | $846.0M | ||
| Q2 25 | $6.8B | $794.0M | ||
| Q1 25 | $5.9B | $821.0M | ||
| Q4 24 | $4.6B | $970.0M | ||
| Q3 24 | $4.7B | $965.0M | ||
| Q2 24 | $4.7B | $933.0M | ||
| Q1 24 | $4.6B | $905.0M |
净利润IPSLVM
| Q4 25 | $-2.4B | $33.0M | ||
| Q3 25 | $-1.1B | $57.0M | ||
| Q2 25 | $75.0M | $15.0M | ||
| Q1 25 | $-105.0M | $27.0M | ||
| Q4 24 | $-147.0M | $81.0M | ||
| Q3 24 | $150.0M | $95.0M | ||
| Q2 24 | $498.0M | $83.0M | ||
| Q1 24 | $56.0M | $43.0M |
毛利率IPSLVM
| 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% | — | ||
| Q1 24 | 25.9% | — |
营业利润率IPSLVM
| Q4 25 | -56.4% | 8.9% | ||
| Q3 25 | -10.8% | 11.6% | ||
| Q2 25 | 1.7% | 3.8% | ||
| Q1 25 | -2.3% | 5.4% | ||
| Q4 24 | -4.9% | 11.2% | ||
| Q3 24 | 5.1% | 15.5% | ||
| Q2 24 | 6.8% | 13.1% | ||
| Q1 24 | 3.7% | 8.0% |
净利率IPSLVM
| Q4 25 | -50.3% | 3.7% | ||
| Q3 25 | -17.7% | 6.7% | ||
| Q2 25 | 1.1% | 1.9% | ||
| Q1 25 | -1.8% | 3.3% | ||
| Q4 24 | -3.2% | 8.4% | ||
| Q3 24 | 3.2% | 9.8% | ||
| Q2 24 | 10.5% | 8.9% | ||
| Q1 24 | 1.2% | 4.8% |
每股收益（稀释后）IPSLVM
| Q4 25 | $-4.76 | $0.81 | ||
| Q3 25 | $-2.09 | $1.41 | ||
| Q2 25 | $0.14 | $0.37 | ||
| Q1 25 | $-0.24 | $0.65 | ||
| Q4 24 | $-0.42 | $1.91 | ||
| Q3 24 | $0.42 | $2.27 | ||
| Q2 24 | $1.41 | $1.98 | ||
| Q1 24 | $0.16 | $1.02 |
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 | $198.0M |
| 总债务越低越好 | $8.8B | $763.0M |
| 股东权益账面价值 | $14.8B | $966.0M |
| 总资产 | $38.0B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.60× | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资IPSLVM
| Q4 25 | $1.1B | $198.0M | ||
| Q3 25 | $995.0M | $146.0M | ||
| Q2 25 | $1.1B | $183.0M | ||
| Q1 25 | $1.2B | $220.0M | ||
| Q4 24 | $1.2B | $309.0M | ||
| Q3 24 | $1.2B | $414.0M | ||
| Q2 24 | $1.0B | $213.0M | ||
| Q1 24 | $1.1B | $218.0M |
总债务IPSLVM
| Q4 25 | $8.8B | $763.0M | ||
| Q3 25 | $9.0B | $778.0M | ||
| Q2 25 | $9.7B | $767.0M | ||
| Q1 25 | $9.2B | $794.0M | ||
| Q4 24 | $5.4B | $782.0M | ||
| Q3 24 | $5.3B | $883.0M | ||
| Q2 24 | $5.3B | $894.0M | ||
| Q1 24 | $5.5B | $921.0M |
股东权益IPSLVM
| Q4 25 | $14.8B | $966.0M | ||
| Q3 25 | $17.3B | $977.0M | ||
| Q2 25 | $18.6B | $959.0M | ||
| Q1 25 | $18.1B | $908.0M | ||
| Q4 24 | $8.2B | $847.0M | ||
| Q3 24 | $8.6B | $937.0M | ||
| Q2 24 | $8.6B | $830.0M | ||
| Q1 24 | $8.3B | $889.0M |
总资产IPSLVM
| Q4 25 | $38.0B | $2.8B | ||
| Q3 25 | $40.6B | $2.7B | ||
| Q2 25 | $42.4B | $2.7B | ||
| Q1 25 | $41.2B | $2.6B | ||
| Q4 24 | $22.8B | $2.6B | ||
| Q3 24 | $23.2B | $2.9B | ||
| Q2 24 | $23.1B | $2.7B | ||
| Q1 24 | $23.0B | $2.6B |
负债/权益比IPSLVM
| Q4 25 | 0.60× | 0.79× | ||
| Q3 25 | 0.52× | 0.80× | ||
| Q2 25 | 0.52× | 0.80× | ||
| Q1 25 | 0.51× | 0.87× | ||
| Q4 24 | 0.66× | 0.92× | ||
| Q3 24 | 0.62× | 0.94× | ||
| Q2 24 | 0.62× | 1.08× | ||
| Q1 24 | 0.66× | 1.04× |
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 | $94.0M |
| 自由现金流经营现金流 - 资本支出 | $255.0M | $38.0M |
| 自由现金流率自由现金流/营收 | 5.4% | 4.3% |
| 资本支出强度资本支出/营收 | 13.7% | 6.3% |
| 现金转化率经营现金流/净利润 | — | 2.85× |
| 过去12个月自由现金流最近4个季度 | $-159.0M | $44.0M |
8季度趋势，按日历期对齐
经营现金流IPSLVM
| Q4 25 | $905.0M | $94.0M | ||
| Q3 25 | $605.0M | $87.0M | ||
| Q2 25 | $476.0M | $64.0M | ||
| Q1 25 | $-288.0M | $23.0M | ||
| Q4 24 | $397.0M | $164.0M | ||
| Q3 24 | $521.0M | $163.0M | ||
| Q2 24 | $365.0M | $115.0M | ||
| Q1 24 | $395.0M | $27.0M |
自由现金流IPSLVM
| Q4 25 | $255.0M | $38.0M | ||
| Q3 25 | $150.0M | $33.0M | ||
| Q2 25 | $54.0M | $-2.0M | ||
| Q1 25 | $-618.0M | $-25.0M | ||
| Q4 24 | $137.0M | $100.0M | ||
| Q3 24 | $309.0M | $119.0M | ||
| Q2 24 | $167.0M | $62.0M | ||
| Q1 24 | $144.0M | $-33.0M |
自由现金流率IPSLVM
| Q4 25 | 5.4% | 4.3% | ||
| Q3 25 | 2.4% | 3.9% | ||
| Q2 25 | 0.8% | -0.3% | ||
| Q1 25 | -10.5% | -3.0% | ||
| Q4 24 | 3.0% | 10.3% | ||
| Q3 24 | 6.6% | 12.3% | ||
| Q2 24 | 3.5% | 6.6% | ||
| Q1 24 | 3.1% | -3.6% |
资本支出强度IPSLVM
| Q4 25 | 13.7% | 6.3% | ||
| Q3 25 | 7.3% | 6.4% | ||
| Q2 25 | 6.2% | 8.3% | ||
| Q1 25 | 5.6% | 5.8% | ||
| Q4 24 | 5.7% | 6.6% | ||
| Q3 24 | 4.5% | 4.6% | ||
| Q2 24 | 4.2% | 5.7% | ||
| Q1 24 | 5.4% | 6.6% |
现金转化率IPSLVM
| Q4 25 | — | 2.85× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | 6.35× | 4.27× | ||
| Q1 25 | — | 0.85× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | 3.47× | 1.72× | ||
| Q2 24 | 0.73× | 1.39× | ||
| Q1 24 | 7.05× | 0.63× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
