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派克汉尼汾（PH）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的季度营收约是派克汉尼汾的1.5倍（$7.6B vs $5.2B），派克汉尼汾同比增速更快（9.1% vs 0.5%），派克汉尼汾自由现金流更多（$768.0M vs $612.0M），过去两年Smurfit Westrock的营收复合增速更高（60.8% vs 1.0%）
派克汉尼汾（常简称为派克）是一家专注于运动与控制技术的美国企业，前身为派克电器公司，总部坐落于俄亥俄州大克利夫兰都市区的梅菲尔德高地，其技术及产品广泛应用于工业制造、航空航天等多个核心领域。
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。
PH vs SW — 直观对比
营收规模更大
SW
是对方的1.5倍
$5.2B
营收增速更快
PH
高出8.6%
0.5%
自由现金流更多
PH
多$156.0M
$612.0M
两年增速更快
SW
近两年复合增速
1.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $7.6B |
| 净利润 | — | $97.0M |
| 毛利率 | 37.3% | 18.2% |
| 营业利润率 | 22.8% | 5.1% |
| 净利率 | — | 1.3% |
| 营收同比 | 9.1% | 0.5% |
| 净利润同比 | — | -33.6% |
| 每股收益（稀释后） | $6.60 | $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PHSW
| Q4 25 | $5.2B | $7.6B | ||
| Q3 25 | $5.1B | $8.0B | ||
| Q2 25 | $5.2B | $7.9B | ||
| Q1 25 | $5.0B | $7.7B | ||
| Q4 24 | $4.7B | $7.5B | ||
| Q3 24 | $4.9B | $7.7B | ||
| Q2 24 | $5.2B | $3.0B | ||
| Q1 24 | $5.1B | $2.9B |
净利润PHSW
| Q4 25 | — | $97.0M | ||
| Q3 25 | — | $246.0M | ||
| Q2 25 | $923.6M | $-28.0M | ||
| Q1 25 | $961.2M | $384.0M | ||
| Q4 24 | $948.6M | $146.0M | ||
| Q3 24 | $698.5M | $-150.0M | ||
| Q2 24 | $785.1M | $132.0M | ||
| Q1 24 | $726.7M | $191.0M |
毛利率PHSW
| Q4 25 | 37.3% | 18.2% | ||
| Q3 25 | 37.5% | 19.6% | ||
| Q2 25 | 37.3% | 19.1% | ||
| Q1 25 | 36.9% | 20.6% | ||
| Q4 24 | 36.3% | 19.1% | ||
| Q3 24 | 36.8% | 17.6% | ||
| Q2 24 | 35.9% | 23.3% | ||
| Q1 24 | 35.4% | 24.2% |
营业利润率PHSW
| Q4 25 | 22.8% | 5.1% | ||
| Q3 25 | 23.3% | 6.6% | ||
| Q2 25 | 22.7% | 3.2% | ||
| Q1 25 | 22.3% | 7.2% | ||
| Q4 24 | 20.9% | 5.3% | ||
| Q3 24 | 21.6% | 0.7% | ||
| Q2 24 | 21.1% | 8.2% | ||
| Q1 24 | 20.4% | 10.5% |
净利率PHSW
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | 17.6% | -0.4% | ||
| Q1 25 | 19.4% | 5.0% | ||
| Q4 24 | 20.0% | 1.9% | ||
| Q3 24 | 14.2% | -2.0% | ||
| Q2 24 | 15.1% | 4.4% | ||
| Q1 24 | 14.3% | 6.5% |
每股收益（稀释后）PHSW
| Q4 25 | $6.60 | $0.18 | ||
| Q3 25 | $6.29 | $0.47 | ||
| Q2 25 | $7.16 | $-0.05 | ||
| Q1 25 | $7.37 | $0.73 | ||
| Q4 24 | $7.25 | $-0.12 | ||
| Q3 24 | $5.34 | $-0.30 | ||
| Q2 24 | $6.06 | $0.51 | ||
| Q1 24 | $5.56 | $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 | $427.0M | $892.0M |
| 总债务越低越好 | $7.5B | $13.4B |
| 股东权益账面价值 | $14.3B | $18.3B |
| 总资产 | $30.5B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.52× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资PHSW
| Q4 25 | $427.0M | $892.0M | ||
| Q3 25 | $473.0M | $851.0M | ||
| Q2 25 | $467.0M | $778.0M | ||
| Q1 25 | $408.7M | $797.0M | ||
| Q4 24 | $395.5M | $855.0M | ||
| Q3 24 | $371.1M | — | ||
| Q2 24 | $422.0M | $26.8K | ||
| Q1 24 | $415.5M | $108 |
总债务PHSW
| Q4 25 | $7.5B | $13.4B | ||
| Q3 25 | $7.5B | $13.3B | ||
| Q2 25 | $7.5B | $13.3B | ||
| Q1 25 | $7.4B | $12.9B | ||
| Q4 24 | $6.7B | $12.5B | ||
| Q3 24 | $6.7B | $13.2B | ||
| Q2 24 | $7.2B | — | ||
| Q1 24 | $7.3B | — |
股东权益PHSW
| Q4 25 | $14.3B | $18.3B | ||
| Q3 25 | $13.8B | $18.4B | ||
| Q2 25 | $13.7B | $18.3B | ||
| Q1 25 | $13.4B | $17.9B | ||
| Q4 24 | $13.1B | $17.4B | ||
| Q3 24 | $12.9B | $18.0B | ||
| Q2 24 | $12.1B | $14.5K | ||
| Q1 24 | $11.6B | $108 |
总资产PHSW
| Q4 25 | $30.5B | $45.2B | ||
| Q3 25 | $30.7B | $45.6B | ||
| Q2 25 | $29.5B | $45.7B | ||
| Q1 25 | $28.9B | $44.6B | ||
| Q4 24 | $28.3B | $43.8B | ||
| Q3 24 | $29.6B | $45.0B | ||
| Q2 24 | $29.3B | $26.8K | ||
| Q1 24 | $29.6B | $108 |
负债/权益比PHSW
| Q4 25 | 0.52× | 0.73× | ||
| Q3 25 | 0.54× | 0.72× | ||
| Q2 25 | 0.55× | 0.73× | ||
| Q1 25 | 0.55× | 0.72× | ||
| Q4 24 | 0.51× | 0.72× | ||
| Q3 24 | 0.52× | 0.73× | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.63× | — |
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 | $862.0M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $768.0M | $612.0M |
| 自由现金流率自由现金流/营收 | 14.8% | 8.1% |
| 资本支出强度资本支出/营收 | 1.8% | 7.7% |
| 现金转化率经营现金流/净利润 | — | 12.32× |
| 过去12个月自由现金流最近4个季度 | $3.3B | $1.2B |
8季度趋势，按日历期对齐
经营现金流PHSW
| Q4 25 | $862.0M | $1.2B | ||
| Q3 25 | $782.0M | $1.1B | ||
| Q2 25 | $1.5B | $829.0M | ||
| Q1 25 | $630.0M | $235.0M | ||
| Q4 24 | $934.8M | $781.0M | ||
| Q3 24 | $744.0M | $320.0M | ||
| Q2 24 | $1.2B | $340.0M | ||
| Q1 24 | $795.1M | $42.0M |
自由现金流PHSW
| Q4 25 | $768.0M | $612.0M | ||
| Q3 25 | $693.0M | $523.0M | ||
| Q2 25 | $1.3B | $307.0M | ||
| Q1 25 | $542.4M | $-242.0M | ||
| Q4 24 | $813.6M | $212.0M | ||
| Q3 24 | $648.7M | $-192.0M | ||
| Q2 24 | $1.1B | $163.0M | ||
| Q1 24 | $715.9M | $-166.0M |
自由现金流率PHSW
| Q4 25 | 14.8% | 8.1% | ||
| Q3 25 | 13.6% | 6.5% | ||
| Q2 25 | 25.5% | 3.9% | ||
| Q1 25 | 10.9% | -3.2% | ||
| Q4 24 | 17.2% | 2.8% | ||
| Q3 24 | 13.2% | -2.5% | ||
| Q2 24 | 21.6% | 5.5% | ||
| Q1 24 | 14.1% | -5.7% |
资本支出强度PHSW
| Q4 25 | 1.8% | 7.7% | ||
| Q3 25 | 1.8% | 7.6% | ||
| Q2 25 | 2.5% | 6.6% | ||
| Q1 25 | 1.8% | 6.2% | ||
| Q4 24 | 2.6% | 7.5% | ||
| Q3 24 | 1.9% | 6.7% | ||
| Q2 24 | 2.3% | 6.0% | ||
| Q1 24 | 1.6% | 7.1% |
现金转化率PHSW
| Q4 25 | — | 12.32× | ||
| Q3 25 | — | 4.61× | ||
| Q2 25 | 1.59× | — | ||
| Q1 25 | 0.66× | 0.61× | ||
| Q4 24 | 0.99× | 5.35× | ||
| Q3 24 | 1.07× | — | ||
| Q2 24 | 1.58× | 2.58× | ||
| Q1 24 | 1.09× | 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
PH
| Filtration And Engineered Materials | $1.5B | 28% |
| Other | $1.1B | 22% |
| Motion Systems | $893.0M | 17% |
| Commercial Aftermarket | $619.0M | 12% |
| Commercial Original Equipment Manufacturer | $561.0M | 11% |
| Defense Original Equipment Manufacturer | $305.0M | 6% |
| Defense Aftermarket | $221.0M | 4% |
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
