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国际纸业（IP）与W. R. Berkley Corporation（WRB）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W. R. Berkley Corporation的1.3倍（$4.7B vs $3.7B），W. R. Berkley Corporation净利率更高（14.0% vs -50.3%，领先64.2%），W. R. Berkley Corporation同比增速更快（4.0% vs 3.6%），过去两年W. R. Berkley Corporation的营收复合增速更高（5.5% 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。
W. R. Berkley Corporation由威廉·罗伯特·伯克利创立，他目前担任该公司董事长，同时兼任纽约大学校董会主席，在企业经营管理及高等教育治理领域均具备深厚的经验积累。
IP vs WRB — 直观对比
营收规模更大
IP
是对方的1.3倍
$3.7B
营收增速更快
WRB
高出0.4%
3.6%
净利率更高
WRB
高出64.2%
-50.3%
两年增速更快
WRB
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $3.7B |
| 净利润 | $-2.4B | $515.2M |
| 毛利率 | 32.2% | — |
| 营业利润率 | -56.4% | — |
| 净利率 | -50.3% | 14.0% |
| 营收同比 | 3.6% | 4.0% |
| 净利润同比 | -1521.8% | 23.4% |
| 每股收益（稀释后） | $-4.76 | $1.31 |
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IPWRB
| Q1 26 | — | $3.7B | ||
| Q4 25 | $4.7B | $3.7B | ||
| Q3 25 | $6.2B | $3.8B | ||
| Q2 25 | $6.8B | $3.7B | ||
| Q1 25 | $5.9B | $3.5B | ||
| Q4 24 | $4.6B | $3.7B | ||
| Q3 24 | $4.7B | $3.4B | ||
| Q2 24 | $4.7B | $3.3B |
净利润IPWRB
| Q1 26 | — | $515.2M | ||
| Q4 25 | $-2.4B | $449.5M | ||
| Q3 25 | $-1.1B | $511.0M | ||
| Q2 25 | $75.0M | $401.3M | ||
| Q1 25 | $-105.0M | $417.6M | ||
| Q4 24 | $-147.0M | $576.1M | ||
| Q3 24 | $150.0M | $365.6M | ||
| Q2 24 | $498.0M | $371.9M |
毛利率IPWRB
| Q1 26 | — | — | ||
| 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% | — |
营业利润率IPWRB
| Q1 26 | — | — | ||
| Q4 25 | -56.4% | 15.4% | ||
| Q3 25 | -10.8% | 17.2% | ||
| Q2 25 | 1.7% | 14.2% | ||
| Q1 25 | -2.3% | 15.2% | ||
| Q4 24 | -4.9% | 19.9% | ||
| Q3 24 | 5.1% | 14.0% | ||
| Q2 24 | 6.8% | 14.7% |
净利率IPWRB
| Q1 26 | — | 14.0% | ||
| Q4 25 | -50.3% | 12.1% | ||
| Q3 25 | -17.7% | 13.6% | ||
| Q2 25 | 1.1% | 10.9% | ||
| Q1 25 | -1.8% | 11.8% | ||
| Q4 24 | -3.2% | 15.7% | ||
| Q3 24 | 3.2% | 10.8% | ||
| Q2 24 | 10.5% | 11.2% |
每股收益（稀释后）IPWRB
| Q1 26 | — | $1.31 | ||
| Q4 25 | $-4.76 | $1.13 | ||
| Q3 25 | $-2.09 | $1.28 | ||
| Q2 25 | $0.14 | $1.00 | ||
| Q1 25 | $-0.24 | $1.04 | ||
| Q4 24 | $-0.42 | $0.89 | ||
| Q3 24 | $0.42 | $0.91 | ||
| Q2 24 | $1.41 | $0.92 |
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 | $2.1B |
| 总债务越低越好 | $8.8B | — |
| 股东权益账面价值 | $14.8B | — |
| 总资产 | $38.0B | $44.3B |
| 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IPWRB
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.1B | $2.5B | ||
| Q3 25 | $995.0M | $2.4B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.0B | $1.6B |
总债务IPWRB
| 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 | — | ||
| Q2 24 | $5.3B | — |
股东权益IPWRB
| Q1 26 | — | — | ||
| Q4 25 | $14.8B | $9.7B | ||
| Q3 25 | $17.3B | $9.8B | ||
| Q2 25 | $18.6B | $9.3B | ||
| Q1 25 | $18.1B | $8.9B | ||
| Q4 24 | $8.2B | $8.4B | ||
| Q3 24 | $8.6B | $8.4B | ||
| Q2 24 | $8.6B | $7.8B |
总资产IPWRB
| Q1 26 | — | $44.3B | ||
| Q4 25 | $38.0B | $44.1B | ||
| Q3 25 | $40.6B | $43.7B | ||
| Q2 25 | $42.4B | $42.7B | ||
| Q1 25 | $41.2B | $41.3B | ||
| Q4 24 | $22.8B | $40.6B | ||
| Q3 24 | $23.2B | $40.4B | ||
| Q2 24 | $23.1B | $38.9B |
负债/权益比IPWRB
| 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× | — | ||
| 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 | $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% | — |
| 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IPWRB
| Q1 26 | — | — | ||
| Q4 25 | $905.0M | $995.1M | ||
| Q3 25 | $605.0M | $1.1B | ||
| Q2 25 | $476.0M | $703.8M | ||
| Q1 25 | $-288.0M | $743.8M | ||
| Q4 24 | $397.0M | $810.0M | ||
| Q3 24 | $521.0M | $1.2B | ||
| Q2 24 | $365.0M | $881.3M |
自由现金流IPWRB
| Q1 26 | — | — | ||
| Q4 25 | $255.0M | — | ||
| Q3 25 | $150.0M | — | ||
| Q2 25 | $54.0M | — | ||
| Q1 25 | $-618.0M | — | ||
| Q4 24 | $137.0M | — | ||
| Q3 24 | $309.0M | — | ||
| Q2 24 | $167.0M | — |
自由现金流率IPWRB
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | -10.5% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 6.6% | — | ||
| Q2 24 | 3.5% | — |
资本支出强度IPWRB
| Q1 26 | — | — | ||
| Q4 25 | 13.7% | — | ||
| Q3 25 | 7.3% | — | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 5.6% | — | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 4.2% | — |
现金转化率IPWRB
| Q1 26 | — | — | ||
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 2.23× | ||
| Q2 25 | 6.35× | 1.75× | ||
| Q1 25 | — | 1.78× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | 3.47× | 3.39× | ||
| Q2 24 | 0.73× | 2.37× |
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% |
WRB
暂无分部数据
