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国际纸业（IP）与希捷科技（STX）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希捷科技的1.5倍（$4.7B vs $3.1B），希捷科技净利率更高（24.0% vs -50.3%，领先74.3%），希捷科技同比增速更快（44.1% vs 3.6%），希捷科技自由现金流更多（$953.0M vs $255.0M），过去两年希捷科技的营收复合增速更高（28.4% 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。
希捷科技是全球知名的美国数据存储企业，1978年注册成立时名为舒加特科技，1979年正式开展业务，2010年起注册地变更为爱尔兰都柏林，运营总部设在美国加利福尼亚州弗里蒙特，面向全球市场提供专业的数据存储产品与解决方案。
IP vs STX — 直观对比
营收规模更大
IP
是对方的1.5倍
$3.1B
营收增速更快
STX
高出40.5%
3.6%
净利率更高
STX
高出74.3%
-50.3%
自由现金流更多
STX
多$698.0M
$255.0M
两年增速更快
STX
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $3.1B |
| 净利润 | $-2.4B | $748.0M |
| 毛利率 | 32.2% | 46.5% |
| 营业利润率 | -56.4% | 32.1% |
| 净利率 | -50.3% | 24.0% |
| 营收同比 | 3.6% | 44.1% |
| 净利润同比 | -1521.8% | -23.8% |
| 每股收益（稀释后） | $-4.76 | $3.27 |
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IPSTX
| Q3 26 | — | $3.1B | ||
| Q1 26 | — | $2.8B | ||
| Q4 25 | $4.7B | $2.6B | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $6.8B | $2.4B | ||
| Q1 25 | $5.9B | $2.2B | ||
| Q4 24 | $4.6B | $2.3B | ||
| Q3 24 | $4.7B | $2.2B |
净利润IPSTX
| Q3 26 | — | $748.0M | ||
| Q1 26 | — | $593.0M | ||
| Q4 25 | $-2.4B | $549.0M | ||
| Q3 25 | $-1.1B | — | ||
| Q2 25 | $75.0M | $488.0M | ||
| Q1 25 | $-105.0M | $340.0M | ||
| Q4 24 | $-147.0M | $336.0M | ||
| Q3 24 | $150.0M | $305.0M |
毛利率IPSTX
| Q3 26 | — | 46.5% | ||
| Q1 26 | — | 41.6% | ||
| Q4 25 | 32.2% | 39.4% | ||
| Q3 25 | 31.1% | — | ||
| Q2 25 | 27.9% | 37.4% | ||
| Q1 25 | 27.8% | 35.2% | ||
| Q4 24 | 29.0% | 34.9% | ||
| Q3 24 | 28.7% | 32.9% |
营业利润率IPSTX
| Q3 26 | — | 32.1% | ||
| Q1 26 | — | 29.8% | ||
| Q4 25 | -56.4% | 26.4% | ||
| Q3 25 | -10.8% | — | ||
| Q2 25 | 1.7% | 23.2% | ||
| Q1 25 | -2.3% | 20.0% | ||
| Q4 24 | -4.9% | 21.0% | ||
| Q3 24 | 5.1% | 18.6% |
净利率IPSTX
| Q3 26 | — | 24.0% | ||
| Q1 26 | — | 21.0% | ||
| Q4 25 | -50.3% | 20.9% | ||
| Q3 25 | -17.7% | — | ||
| Q2 25 | 1.1% | 20.0% | ||
| Q1 25 | -1.8% | 15.7% | ||
| Q4 24 | -3.2% | 14.5% | ||
| Q3 24 | 3.2% | 14.1% |
每股收益（稀释后）IPSTX
| Q3 26 | — | $3.27 | ||
| Q1 26 | — | $2.60 | ||
| Q4 25 | $-4.76 | $2.43 | ||
| Q3 25 | $-2.09 | — | ||
| Q2 25 | $0.14 | $2.24 | ||
| Q1 25 | $-0.24 | $1.57 | ||
| Q4 24 | $-0.42 | $1.55 | ||
| Q3 24 | $0.42 | $1.41 |
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 | $1.1B |
| 总债务越低越好 | $8.8B | $3.9B |
| 股东权益账面价值 | $14.8B | — |
| 总资产 | $38.0B | $8.9B |
| 负债/权益比越低杠杆越低 | 0.60× | — |
8季度趋势，按日历期对齐
现金及短期投资IPSTX
| Q3 26 | — | $1.1B | ||
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $995.0M | — | ||
| Q2 25 | $1.1B | $891.0M | ||
| Q1 25 | $1.2B | $814.0M | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B |
总债务IPSTX
| Q3 26 | — | $3.9B | ||
| Q1 26 | — | — | ||
| Q4 25 | $8.8B | — | ||
| Q3 25 | $9.0B | — | ||
| Q2 25 | $9.7B | — | ||
| Q1 25 | $9.2B | — | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.3B | — |
股东权益IPSTX
| Q3 26 | — | — | ||
| Q1 26 | — | $459.0M | ||
| Q4 25 | $14.8B | $-63.0M | ||
| Q3 25 | $17.3B | — | ||
| Q2 25 | $18.6B | $-453.0M | ||
| Q1 25 | $18.1B | $-829.0M | ||
| Q4 24 | $8.2B | $-1.1B | ||
| Q3 24 | $8.6B | $-1.3B |
总资产IPSTX
| Q3 26 | — | $8.9B | ||
| Q1 26 | — | $8.7B | ||
| Q4 25 | $38.0B | $8.4B | ||
| Q3 25 | $40.6B | — | ||
| Q2 25 | $42.4B | $8.0B | ||
| Q1 25 | $41.2B | $7.6B | ||
| Q4 24 | $22.8B | $8.0B | ||
| Q3 24 | $23.2B | $8.0B |
负债/权益比IPSTX
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 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 | $905.0M | $2.4B |
| 自由现金流经营现金流 - 资本支出 | $255.0M | $953.0M |
| 自由现金流率自由现金流/营收 | 5.4% | 30.6% |
| 资本支出强度资本支出/营收 | 13.7% | — |
| 现金转化率经营现金流/净利润 | — | 3.17× |
| 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IPSTX
| Q3 26 | — | $2.4B | ||
| Q1 26 | — | — | ||
| Q4 25 | $905.0M | $532.0M | ||
| Q3 25 | $605.0M | — | ||
| Q2 25 | $476.0M | $508.0M | ||
| Q1 25 | $-288.0M | $259.0M | ||
| Q4 24 | $397.0M | $221.0M | ||
| Q3 24 | $521.0M | $95.0M |
自由现金流IPSTX
| Q3 26 | — | $953.0M | ||
| Q1 26 | — | — | ||
| Q4 25 | $255.0M | $427.0M | ||
| Q3 25 | $150.0M | — | ||
| Q2 25 | $54.0M | $425.0M | ||
| Q1 25 | $-618.0M | $216.0M | ||
| Q4 24 | $137.0M | $150.0M | ||
| Q3 24 | $309.0M | $27.0M |
自由现金流率IPSTX
| Q3 26 | — | 30.6% | ||
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 16.2% | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 0.8% | 17.4% | ||
| Q1 25 | -10.5% | 10.0% | ||
| Q4 24 | 3.0% | 6.5% | ||
| Q3 24 | 6.6% | 1.2% |
资本支出强度IPSTX
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 13.7% | 4.0% | ||
| Q3 25 | 7.3% | — | ||
| Q2 25 | 6.2% | 3.4% | ||
| Q1 25 | 5.6% | 2.0% | ||
| Q4 24 | 5.7% | 3.1% | ||
| Q3 24 | 4.5% | 3.1% |
现金转化率IPSTX
| Q3 26 | — | 3.17× | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.97× | ||
| Q3 25 | — | — | ||
| Q2 25 | 6.35× | 1.04× | ||
| Q1 25 | — | 0.76× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | 3.47× | 0.31× |
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% |
STX
暂无分部数据
