vs
帕卡（PCAR）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的季度营收约是帕卡的1.1倍（$7.7B vs $6.8B），帕卡净利率更高（8.2% vs 0.8%，领先7.3%），Smurfit Westrock同比增速更快（0.7% vs -13.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs -11.7%）
帕卡是美国知名重型卡车制造企业，总部位于华盛顿州贝尔维尤，旗下拥有肯沃斯、彼得比尔特、DAF卡车三大核心子品牌，同时布局金融服务、工业零部件供应业务，在全球商用车领域占据重要市场地位。
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。
PCAR vs SW — 直观对比
营收规模更大
SW
是对方的1.1倍
$6.8B
营收增速更快
SW
高出14.5%
-13.7%
净利率更高
PCAR
高出7.3%
0.8%
两年增速更快
SW
近两年复合增速
-11.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.8B | $7.7B |
| 净利润 | $556.9M | $63.0M |
| 毛利率 | 19.3% | 16.4% |
| 营业利润率 | 10.3% | 3.3% |
| 净利率 | 8.2% | 0.8% |
| 营收同比 | -13.7% | 0.7% |
| 净利润同比 | -36.1% | 0.0% |
| 每股收益（稀释后） | $1.06 | $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PCARSW
| Q1 26 | — | $7.7B | ||
| Q4 25 | $6.8B | $7.6B | ||
| Q3 25 | $6.7B | $8.0B | ||
| Q2 25 | $7.5B | $7.9B | ||
| Q1 25 | $7.4B | $7.7B | ||
| Q4 24 | $7.9B | $7.5B | ||
| Q3 24 | $8.2B | $7.7B | ||
| Q2 24 | $8.8B | $3.0B |
净利润PCARSW
| Q1 26 | — | $63.0M | ||
| Q4 25 | $556.9M | $97.0M | ||
| Q3 25 | $590.0M | $246.0M | ||
| Q2 25 | $723.8M | $-28.0M | ||
| Q1 25 | $505.1M | $384.0M | ||
| Q4 24 | $872.0M | $146.0M | ||
| Q3 24 | $972.1M | $-150.0M | ||
| Q2 24 | $1.1B | $132.0M |
毛利率PCARSW
| Q1 26 | — | 16.4% | ||
| Q4 25 | 19.3% | 18.2% | ||
| Q3 25 | 19.9% | 19.6% | ||
| Q2 25 | 20.2% | 19.1% | ||
| Q1 25 | 20.8% | 20.6% | ||
| Q4 24 | 21.6% | 19.1% | ||
| Q3 24 | 22.0% | 17.6% | ||
| Q2 24 | 22.8% | 23.3% |
营业利润率PCARSW
| Q1 26 | — | 3.3% | ||
| Q4 25 | 10.3% | 5.1% | ||
| Q3 25 | 11.1% | 6.6% | ||
| Q2 25 | 12.4% | 3.2% | ||
| Q1 25 | 8.6% | 7.2% | ||
| Q4 24 | 14.5% | 5.3% | ||
| Q3 24 | 15.2% | 0.7% | ||
| Q2 24 | 16.7% | 8.2% |
净利率PCARSW
| Q1 26 | — | 0.8% | ||
| Q4 25 | 8.2% | 1.3% | ||
| Q3 25 | 8.8% | 3.1% | ||
| Q2 25 | 9.6% | -0.4% | ||
| Q1 25 | 6.8% | 5.0% | ||
| Q4 24 | 11.0% | 1.9% | ||
| Q3 24 | 11.8% | -2.0% | ||
| Q2 24 | 12.8% | 4.4% |
每股收益（稀释后）PCARSW
| Q1 26 | — | $0.12 | ||
| Q4 25 | $1.06 | $0.18 | ||
| Q3 25 | $1.12 | $0.47 | ||
| Q2 25 | $1.37 | $-0.05 | ||
| Q1 25 | $0.96 | $0.73 | ||
| Q4 24 | $1.65 | $-0.12 | ||
| Q3 24 | $1.85 | $-0.30 | ||
| Q2 24 | $2.13 | $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 | — | — |
| 总债务越低越好 | — | $980.0M |
| 股东权益账面价值 | $19.3B | $18.1B |
| 总资产 | $44.3B | $45.2B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资PCARSW
| Q1 26 | — | — | ||
| Q4 25 | — | $892.0M | ||
| Q3 25 | — | $851.0M | ||
| Q2 25 | — | $778.0M | ||
| Q1 25 | — | $797.0M | ||
| Q4 24 | — | $855.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $26.8K |
总债务PCARSW
| Q1 26 | — | $980.0M | ||
| Q4 25 | — | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益PCARSW
| Q1 26 | — | $18.1B | ||
| Q4 25 | $19.3B | $18.3B | ||
| Q3 25 | $19.4B | $18.4B | ||
| Q2 25 | $18.9B | $18.3B | ||
| Q1 25 | $18.0B | $17.9B | ||
| Q4 24 | $17.5B | $17.4B | ||
| Q3 24 | $18.7B | $18.0B | ||
| Q2 24 | $17.7B | $14.5K |
总资产PCARSW
| Q1 26 | — | $45.2B | ||
| Q4 25 | $44.3B | $45.2B | ||
| Q3 25 | $44.2B | $45.6B | ||
| Q2 25 | $44.1B | $45.7B | ||
| Q1 25 | $42.7B | $44.6B | ||
| Q4 24 | $43.4B | $43.8B | ||
| Q3 24 | $43.3B | $45.0B | ||
| Q2 24 | $41.2B | $26.8K |
负债/权益比PCARSW
| Q1 26 | — | 0.05× | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 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 | $1.1B | $204.0M |
| 自由现金流经营现金流 - 资本支出 | $954.4M | — |
| 自由现金流率自由现金流/营收 | 14.0% | — |
| 资本支出强度资本支出/营收 | 2.8% | — |
| 现金转化率经营现金流/净利润 | 2.05× | 3.24× |
| 过去12个月自由现金流最近4个季度 | $3.7B | — |
8季度趋势，按日历期对齐
经营现金流PCARSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $833.4M | $829.0M | ||
| Q1 25 | $910.3M | $235.0M | ||
| Q4 24 | $1.4B | $781.0M | ||
| Q3 24 | $1.3B | $320.0M | ||
| Q2 24 | $440.0M | $340.0M |
自由现金流PCARSW
| Q1 26 | — | — | ||
| Q4 25 | $954.4M | $612.0M | ||
| Q3 25 | $1.4B | $523.0M | ||
| Q2 25 | $611.3M | $307.0M | ||
| Q1 25 | $745.2M | $-242.0M | ||
| Q4 24 | $1.2B | $212.0M | ||
| Q3 24 | $1.1B | $-192.0M | ||
| Q2 24 | $219.7M | $163.0M |
自由现金流率PCARSW
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 8.1% | ||
| Q3 25 | 20.4% | 6.5% | ||
| Q2 25 | 8.1% | 3.9% | ||
| Q1 25 | 10.0% | -3.2% | ||
| Q4 24 | 15.3% | 2.8% | ||
| Q3 24 | 13.3% | -2.5% | ||
| Q2 24 | 2.5% | 5.5% |
资本支出强度PCARSW
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 7.7% | ||
| Q3 25 | 2.5% | 7.6% | ||
| Q2 25 | 3.0% | 6.6% | ||
| Q1 25 | 2.2% | 6.2% | ||
| Q4 24 | 3.0% | 7.5% | ||
| Q3 24 | 2.4% | 6.7% | ||
| Q2 24 | 2.5% | 6.0% |
现金转化率PCARSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 2.05× | 12.32× | ||
| Q3 25 | 2.59× | 4.61× | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.80× | 0.61× | ||
| Q4 24 | 1.66× | 5.35× | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 0.39× | 2.58× |
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
PCAR
| Truck Subsegment | $4.5B | 66% |
| Parts Subsegment | $1.7B | 25% |
| Other | $359.4M | 5% |
| Financial Services | $208.1M | 3% |
SW
暂无分部数据
