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信安金融集团（PFG）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的季度营收约是信安金融集团的1.7倍（$7.6B vs $4.6B），信安金融集团净利率更高（11.3% vs 1.3%，领先10.0%），Smurfit Westrock同比增速更快（0.5% vs -3.7%），过去两年Smurfit Westrock的营收复合增速更高（60.8% vs 6.3%）
信安金融集团（股票代码：PFG）是总部位于美国艾奥瓦州得梅因的全球性金融服务企业，核心业务涵盖投资管理、保险服务两大板块，在全球多个区域开展业务，为机构客户和个人用户提供专业定制化的金融解决方案，在行业内拥有较高知名度。
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。
PFG vs SW — 直观对比
营收规模更大
SW
是对方的1.7倍
$4.6B
营收增速更快
SW
高出4.2%
-3.7%
净利率更高
PFG
高出10.0%
1.3%
两年增速更快
SW
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.6B | $7.6B |
| 净利润 | $517.0M | $97.0M |
| 毛利率 | — | 18.2% |
| 营业利润率 | — | 5.1% |
| 净利率 | 11.3% | 1.3% |
| 营收同比 | -3.7% | 0.5% |
| 净利润同比 | -42.9% | -33.6% |
| 每股收益（稀释后） | $2.30 | $0.18 |
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PFGSW
| Q4 25 | $4.6B | $7.6B | ||
| Q3 25 | $3.7B | $8.0B | ||
| Q2 25 | $3.7B | $7.9B | ||
| Q1 25 | $3.7B | $7.7B | ||
| Q4 24 | $4.8B | $7.5B | ||
| Q3 24 | $3.0B | $7.7B | ||
| Q2 24 | $4.3B | $3.0B | ||
| Q1 24 | $4.1B | $2.9B |
净利润PFGSW
| Q4 25 | $517.0M | $97.0M | ||
| Q3 25 | $213.8M | $246.0M | ||
| Q2 25 | $406.2M | $-28.0M | ||
| Q1 25 | $48.1M | $384.0M | ||
| Q4 24 | $905.4M | $146.0M | ||
| Q3 24 | $-220.0M | $-150.0M | ||
| Q2 24 | $353.1M | $132.0M | ||
| Q1 24 | $532.5M | $191.0M |
毛利率PFGSW
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% | ||
| Q1 24 | — | 24.2% |
营业利润率PFGSW
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | — | 10.5% |
净利率PFGSW
| Q4 25 | 11.3% | 1.3% | ||
| Q3 25 | 5.8% | 3.1% | ||
| Q2 25 | 11.1% | -0.4% | ||
| Q1 25 | 1.3% | 5.0% | ||
| Q4 24 | 19.1% | 1.9% | ||
| Q3 24 | -7.3% | -2.0% | ||
| Q2 24 | 8.2% | 4.4% | ||
| Q1 24 | 13.1% | 6.5% |
每股收益（稀释后）PFGSW
| Q4 25 | $2.30 | $0.18 | ||
| Q3 25 | $0.95 | $0.47 | ||
| Q2 25 | $1.79 | $-0.05 | ||
| Q1 25 | $0.21 | $0.73 | ||
| Q4 24 | $3.92 | $-0.12 | ||
| Q3 24 | $-0.95 | $-0.30 | ||
| Q2 24 | $1.49 | $0.51 | ||
| Q1 24 | $2.22 | $0.73 |
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 | $4.4B | $892.0M |
| 总债务越低越好 | $3.9B | $13.4B |
| 股东权益账面价值 | $11.9B | $18.3B |
| 总资产 | $341.4B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资PFGSW
| Q4 25 | $4.4B | $892.0M | ||
| Q3 25 | $5.1B | $851.0M | ||
| Q2 25 | $3.7B | $778.0M | ||
| Q1 25 | $3.9B | $797.0M | ||
| Q4 24 | $4.2B | $855.0M | ||
| Q3 24 | $6.2B | — | ||
| Q2 24 | $4.8B | $26.8K | ||
| Q1 24 | $4.2B | $108 |
总债务PFGSW
| Q4 25 | $3.9B | $13.4B | ||
| Q3 25 | $3.9B | $13.3B | ||
| Q2 25 | $3.9B | $13.3B | ||
| Q1 25 | $4.3B | $12.9B | ||
| Q4 24 | $4.0B | $12.5B | ||
| Q3 24 | $3.9B | $13.2B | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.9B | — |
股东权益PFGSW
| Q4 25 | $11.9B | $18.3B | ||
| Q3 25 | $11.7B | $18.4B | ||
| Q2 25 | $11.4B | $18.3B | ||
| Q1 25 | $11.2B | $17.9B | ||
| Q4 24 | $11.1B | $17.4B | ||
| Q3 24 | $11.2B | $18.0B | ||
| Q2 24 | $11.0B | $14.5K | ||
| Q1 24 | $11.2B | $108 |
总资产PFGSW
| Q4 25 | $341.4B | $45.2B | ||
| Q3 25 | $334.5B | $45.6B | ||
| Q2 25 | $323.1B | $45.7B | ||
| Q1 25 | $313.0B | $44.6B | ||
| Q4 24 | $313.7B | $43.8B | ||
| Q3 24 | $322.9B | $45.0B | ||
| Q2 24 | $308.8B | $26.8K | ||
| Q1 24 | $308.7B | $108 |
负债/权益比PFGSW
| Q4 25 | 0.33× | 0.73× | ||
| Q3 25 | 0.34× | 0.72× | ||
| Q2 25 | 0.34× | 0.73× | ||
| Q1 25 | 0.39× | 0.72× | ||
| Q4 24 | 0.36× | 0.72× | ||
| Q3 24 | 0.35× | 0.73× | ||
| Q2 24 | 0.36× | — | ||
| Q1 24 | 0.35× | — |
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 | $1.7B | $1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $612.0M |
| 自由现金流率自由现金流/营收 | — | 8.1% |
| 资本支出强度资本支出/营收 | — | 7.7% |
| 现金转化率经营现金流/净利润 | 3.37× | 12.32× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流PFGSW
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $811.9M | $829.0M | ||
| Q1 25 | $977.3M | $235.0M | ||
| Q4 24 | $1.5B | $781.0M | ||
| Q3 24 | $1.1B | $320.0M | ||
| Q2 24 | $1.4B | $340.0M | ||
| Q1 24 | $584.2M | $42.0M |
自由现金流PFGSW
| Q4 25 | — | $612.0M | ||
| Q3 25 | — | $523.0M | ||
| Q2 25 | — | $307.0M | ||
| Q1 25 | — | $-242.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | — | $-192.0M | ||
| Q2 24 | — | $163.0M | ||
| Q1 24 | — | $-166.0M |
自由现金流率PFGSW
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | -2.5% | ||
| Q2 24 | — | 5.5% | ||
| Q1 24 | — | -5.7% |
资本支出强度PFGSW
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 6.0% | ||
| Q1 24 | — | 7.1% |
现金转化率PFGSW
| Q4 25 | 3.37× | 12.32× | ||
| Q3 25 | 4.70× | 4.61× | ||
| Q2 25 | 2.00× | — | ||
| Q1 25 | 20.32× | 0.61× | ||
| Q4 24 | 1.61× | 5.35× | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.05× | 2.58× | ||
| Q1 24 | 1.10× | 0.22× |
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
PFG
| Segment Retirement And Income Solutions | $1.6B | 36% |
| Segment Benefits And Protection | $1.1B | 23% |
| Other | $582.8M | 13% |
| Segment Principal Asset Management | $465.6M | 10% |
| Subsegment Investment Management | $449.4M | 10% |
| Administrative Service | $152.2M | 3% |
| Subsegment International Pension | $91.2M | 2% |
| Segment Corporate | $73.0M | 2% |
| Subsegment Life Insurance | $26.1M | 1% |
| Financial Service Other | $25.1M | 1% |
| Residential Mortgage | $7.4M | 0% |
| Subsegment Specialty Benefits | $3.7M | 0% |
| Deposit Account | $3.4M | 0% |
| Commission Income | $1.8M | 0% |
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
