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伊利诺伊工具公司（ITW）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是伊利诺伊工具公司的1.9倍（$7.7B vs $4.1B），伊利诺伊工具公司净利率更高（19.3% vs 0.8%，领先18.5%），伊利诺伊工具公司同比增速更快（4.1% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 1.5%）
ITW（伊利诺伊工具公司）是美国财富500强企业，1912年由拜伦·L·史密斯创立。公司主营工程紧固件及组件、设备与耗材系统、特种产品等，依托去中心化、精简运营、以客户为中心的创新及收购策略稳步发展，在全球工业制造领域拥有较高知名度。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
ITW vs SW — 直观对比
营收规模更大
SW
是对方的1.9倍
$4.1B
营收增速更快
ITW
高出3.4%
0.7%
净利率更高
ITW
高出18.5%
0.8%
两年增速更快
SW
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.1B | $7.7B |
| 净利润 | $790.0M | $63.0M |
| 毛利率 | 53.0% | 16.4% |
| 营业利润率 | 26.5% | 3.3% |
| 净利率 | 19.3% | 0.8% |
| 营收同比 | 4.1% | 0.7% |
| 净利润同比 | 5.3% | — |
| 每股收益（稀释后） | $2.72 | $0.12 |
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ITWSW
| Q1 26 | — | $7.7B | ||
| Q4 25 | $4.1B | $7.6B | ||
| Q3 25 | $4.1B | $8.0B | ||
| Q2 25 | $4.1B | $7.9B | ||
| Q1 25 | $3.8B | $7.7B | ||
| Q4 24 | $3.9B | $7.5B | ||
| Q3 24 | $4.0B | $7.7B | ||
| Q2 24 | $4.0B | $3.0B |
净利润ITWSW
| Q1 26 | — | $63.0M | ||
| Q4 25 | $790.0M | $97.0M | ||
| Q3 25 | $821.0M | $246.0M | ||
| Q2 25 | $755.0M | $-28.0M | ||
| Q1 25 | $700.0M | $384.0M | ||
| Q4 24 | $750.0M | $146.0M | ||
| Q3 24 | $1.2B | $-150.0M | ||
| Q2 24 | $759.0M | $132.0M |
毛利率ITWSW
| Q1 26 | — | 16.4% | ||
| Q4 25 | 53.0% | 18.2% | ||
| Q3 25 | 53.2% | 19.6% | ||
| Q2 25 | 52.8% | 19.1% | ||
| Q1 25 | 52.6% | 20.6% | ||
| Q4 24 | 52.1% | 19.1% | ||
| Q3 24 | 52.5% | 17.6% | ||
| Q2 24 | 52.3% | 23.3% |
营业利润率ITWSW
| Q1 26 | — | 3.3% | ||
| Q4 25 | 26.5% | 5.1% | ||
| Q3 25 | 27.4% | 6.6% | ||
| Q2 25 | 26.4% | 3.2% | ||
| Q1 25 | 24.8% | 7.2% | ||
| Q4 24 | 26.2% | 5.3% | ||
| Q3 24 | 26.5% | 0.7% | ||
| Q2 24 | 26.2% | 8.2% |
净利率ITWSW
| Q1 26 | — | 0.8% | ||
| Q4 25 | 19.3% | 1.3% | ||
| Q3 25 | 20.2% | 3.1% | ||
| Q2 25 | 18.6% | -0.4% | ||
| Q1 25 | 18.2% | 5.0% | ||
| Q4 24 | 19.1% | 1.9% | ||
| Q3 24 | 29.2% | -2.0% | ||
| Q2 24 | 18.8% | 4.4% |
每股收益（稀释后）ITWSW
| Q1 26 | — | $0.12 | ||
| Q4 25 | $2.72 | $0.18 | ||
| Q3 25 | $2.81 | $0.47 | ||
| Q2 25 | $2.58 | $-0.05 | ||
| Q1 25 | $2.38 | $0.73 | ||
| Q4 24 | $2.53 | $-0.12 | ||
| Q3 24 | $3.91 | $-0.30 | ||
| Q2 24 | $2.54 | $0.51 |
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 | $851.0M | — |
| 总债务越低越好 | $7.7B | $980.0M |
| 股东权益账面价值 | $3.2B | $18.1B |
| 总资产 | $16.1B | $45.2B |
| 负债/权益比越低杠杆越低 | 2.38× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资ITWSW
| Q1 26 | — | — | ||
| Q4 25 | $851.0M | $892.0M | ||
| Q3 25 | $924.0M | $851.0M | ||
| Q2 25 | $788.0M | $778.0M | ||
| Q1 25 | $873.0M | $797.0M | ||
| Q4 24 | $948.0M | $855.0M | ||
| Q3 24 | $947.0M | — | ||
| Q2 24 | $862.0M | $26.8K |
总债务ITWSW
| Q1 26 | — | $980.0M | ||
| Q4 25 | $7.7B | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | $7.1B | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益ITWSW
| Q1 26 | — | $18.1B | ||
| Q4 25 | $3.2B | $18.3B | ||
| Q3 25 | $3.2B | $18.4B | ||
| Q2 25 | $3.2B | $18.3B | ||
| Q1 25 | $3.2B | $17.9B | ||
| Q4 24 | $3.3B | $17.4B | ||
| Q3 24 | $3.4B | $18.0B | ||
| Q2 24 | $3.0B | $14.5K |
总资产ITWSW
| Q1 26 | — | $45.2B | ||
| Q4 25 | $16.1B | $45.2B | ||
| Q3 25 | $16.1B | $45.6B | ||
| Q2 25 | $16.0B | $45.7B | ||
| Q1 25 | $15.5B | $44.6B | ||
| Q4 24 | $15.1B | $43.8B | ||
| Q3 24 | $15.8B | $45.0B | ||
| Q2 24 | $15.6B | $26.8K |
负债/权益比ITWSW
| Q1 26 | — | 0.05× | ||
| Q4 25 | 2.38× | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | 2.14× | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | — |
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 | $963.0M | $204.0M |
| 自由现金流经营现金流 - 资本支出 | $858.0M | — |
| 自由现金流率自由现金流/营收 | 21.0% | — |
| 资本支出强度资本支出/营收 | 2.6% | — |
| 现金转化率经营现金流/净利润 | 1.22× | 3.24× |
| 过去12个月自由现金流最近4个季度 | $2.7B | — |
8季度趋势，按日历期对齐
经营现金流ITWSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $963.0M | $1.2B | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $550.0M | $829.0M | ||
| Q1 25 | $592.0M | $235.0M | ||
| Q4 24 | $1.1B | $781.0M | ||
| Q3 24 | $891.0M | $320.0M | ||
| Q2 24 | $687.0M | $340.0M |
自由现金流ITWSW
| Q1 26 | — | — | ||
| Q4 25 | $858.0M | $612.0M | ||
| Q3 25 | $904.0M | $523.0M | ||
| Q2 25 | $449.0M | $307.0M | ||
| Q1 25 | $496.0M | $-242.0M | ||
| Q4 24 | $996.0M | $212.0M | ||
| Q3 24 | $783.0M | $-192.0M | ||
| Q2 24 | $571.0M | $163.0M |
自由现金流率ITWSW
| Q1 26 | — | — | ||
| Q4 25 | 21.0% | 8.1% | ||
| Q3 25 | 22.3% | 6.5% | ||
| Q2 25 | 11.1% | 3.9% | ||
| Q1 25 | 12.9% | -3.2% | ||
| Q4 24 | 25.3% | 2.8% | ||
| Q3 24 | 19.7% | -2.5% | ||
| Q2 24 | 14.2% | 5.5% |
资本支出强度ITWSW
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 7.7% | ||
| Q3 25 | 2.9% | 7.6% | ||
| Q2 25 | 2.5% | 6.6% | ||
| Q1 25 | 2.5% | 6.2% | ||
| Q4 24 | 3.0% | 7.5% | ||
| Q3 24 | 2.7% | 6.7% | ||
| Q2 24 | 2.9% | 6.0% |
现金转化率ITWSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 1.22× | 12.32× | ||
| Q3 25 | 1.24× | 4.61× | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.85× | 0.61× | ||
| Q4 24 | 1.49× | 5.35× | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.91× | 2.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
