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Packaging Corporation of America（PKG）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
Packaging Corporation of America的季度营收约是Snap Inc的1.4倍（$2.4B vs $1.7B），Packaging Corporation of America净利率更高（7.2% vs 2.6%，领先4.6%），Packaging Corporation of America同比增速更快（10.6% vs 10.2%），过去两年Snap Inc的营收复合增速更高（19.9% vs 6.8%）
Packaging Corporation of America是总部位于美国伊利诺伊州莱克福里斯特的制造企业，业务主要布局于美国本土，当前拥有约15500名员工，首席执行官为Mark W. Kowlzan。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
PKG vs SNAP — 直观对比
营收规模更大
PKG
是对方的1.4倍
$1.7B
营收增速更快
PKG
高出0.4%
10.2%
净利率更高
PKG
高出4.6%
2.6%
两年增速更快
SNAP
近两年复合增速
6.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.7B |
| 净利润 | $170.9M | $45.2M |
| 毛利率 | 19.1% | 59.1% |
| 营业利润率 | 10.6% | 2.9% |
| 净利率 | 7.2% | 2.6% |
| 营收同比 | 10.6% | 10.2% |
| 净利润同比 | -16.1% | 396.7% |
| 每股收益（稀释后） | $1.91 | $0.03 |
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PKGSNAP
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $1.7B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.1B | $1.6B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.1B | $1.2B |
净利润PKGSNAP
| Q1 26 | $170.9M | — | ||
| Q4 25 | $101.9M | $45.2M | ||
| Q3 25 | $226.9M | $-103.5M | ||
| Q2 25 | $241.5M | $-262.6M | ||
| Q1 25 | $203.8M | $-139.6M | ||
| Q4 24 | $221.2M | $9.1M | ||
| Q3 24 | $238.1M | $-153.2M | ||
| Q2 24 | $198.9M | $-248.6M |
毛利率PKGSNAP
| Q1 26 | 19.1% | — | ||
| Q4 25 | 18.9% | 59.1% | ||
| Q3 25 | 21.8% | 55.3% | ||
| Q2 25 | 22.2% | 51.4% | ||
| Q1 25 | 21.2% | 53.1% | ||
| Q4 24 | 21.9% | 56.9% | ||
| Q3 24 | 23.1% | 53.5% | ||
| Q2 24 | 21.1% | 52.4% |
营业利润率PKGSNAP
| Q1 26 | 10.6% | — | ||
| Q4 25 | 7.1% | 2.9% | ||
| Q3 25 | 14.0% | -8.5% | ||
| Q2 25 | 15.4% | -19.3% | ||
| Q1 25 | 13.1% | -14.2% | ||
| Q4 24 | 14.1% | -1.7% | ||
| Q3 24 | 15.0% | -12.6% | ||
| Q2 24 | 13.3% | -20.5% |
净利率PKGSNAP
| Q1 26 | 7.2% | — | ||
| Q4 25 | 4.3% | 2.6% | ||
| Q3 25 | 9.8% | -6.9% | ||
| Q2 25 | 11.1% | -19.5% | ||
| Q1 25 | 9.5% | -10.2% | ||
| Q4 24 | 10.3% | 0.6% | ||
| Q3 24 | 10.9% | -11.2% | ||
| Q2 24 | 9.6% | -20.1% |
每股收益（稀释后）PKGSNAP
| Q1 26 | $1.91 | — | ||
| Q4 25 | $1.14 | $0.03 | ||
| Q3 25 | $2.51 | $-0.06 | ||
| Q2 25 | $2.67 | $-0.16 | ||
| Q1 25 | $2.26 | $-0.08 | ||
| Q4 24 | $2.45 | $0.01 | ||
| Q3 24 | $2.64 | $-0.09 | ||
| Q2 24 | $2.21 | $-0.15 |
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 | — | $2.9B |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | — | $2.3B |
| 总资产 | — | $7.7B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资PKGSNAP
| Q1 26 | — | — | ||
| Q4 25 | $529.0M | $2.9B | ||
| Q3 25 | $634.0M | $3.0B | ||
| Q2 25 | $787.9M | $2.9B | ||
| Q1 25 | $751.7M | $3.2B | ||
| Q4 24 | $685.0M | $3.4B | ||
| Q3 24 | $676.6M | $3.2B | ||
| Q2 24 | $613.6M | $3.1B |
总债务PKGSNAP
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | $3.5B | ||
| Q3 25 | $4.0B | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | $2.5B | $3.6B | ||
| Q3 24 | $2.5B | $3.6B | ||
| Q2 24 | — | $3.6B |
股东权益PKGSNAP
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | $2.3B | ||
| Q3 25 | $4.8B | $2.2B | ||
| Q2 25 | $4.6B | $2.1B | ||
| Q1 25 | $4.5B | $2.3B | ||
| Q4 24 | $4.4B | $2.5B | ||
| Q3 24 | $4.3B | $2.2B | ||
| Q2 24 | $4.1B | $2.1B |
总资产PKGSNAP
| Q1 26 | — | — | ||
| Q4 25 | $10.7B | $7.7B | ||
| Q3 25 | $11.0B | $7.6B | ||
| Q2 25 | $9.0B | $7.4B | ||
| Q1 25 | $9.0B | $7.6B | ||
| Q4 24 | $8.8B | $7.9B | ||
| Q3 24 | $8.8B | $7.6B | ||
| Q2 24 | $9.0B | $7.4B |
负债/权益比PKGSNAP
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | 1.55× | ||
| Q3 25 | 0.84× | 1.59× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 0.57× | 1.49× | ||
| Q3 24 | 0.58× | 1.65× | ||
| Q2 24 | — | 1.76× |
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 | — | $269.6M |
| 自由现金流经营现金流 - 资本支出 | — | $205.6M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | — | 5.96× |
| 过去12个月自由现金流最近4个季度 | — | $437.2M |
8季度趋势，按日历期对齐
经营现金流PKGSNAP
| Q1 26 | — | — | ||
| Q4 25 | $446.6M | $269.6M | ||
| Q3 25 | $472.2M | $146.5M | ||
| Q2 25 | $299.6M | $88.5M | ||
| Q1 25 | $339.1M | $151.6M | ||
| Q4 24 | $325.4M | $230.6M | ||
| Q3 24 | $327.1M | $115.9M | ||
| Q2 24 | $278.3M | $-21.4M |
自由现金流PKGSNAP
| Q1 26 | — | — | ||
| Q4 25 | $127.6M | $205.6M | ||
| Q3 25 | $280.1M | $93.4M | ||
| Q2 25 | $129.9M | $23.8M | ||
| Q1 25 | $191.0M | $114.4M | ||
| Q4 24 | $124.1M | $182.4M | ||
| Q3 24 | $180.4M | $71.8M | ||
| Q2 24 | $33.3M | $-73.4M |
自由现金流率PKGSNAP
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 12.0% | ||
| Q3 25 | 12.1% | 6.2% | ||
| Q2 25 | 6.0% | 1.8% | ||
| Q1 25 | 8.9% | 8.4% | ||
| Q4 24 | 5.8% | 11.7% | ||
| Q3 24 | 8.3% | 5.2% | ||
| Q2 24 | 1.6% | -5.9% |
资本支出强度PKGSNAP
| Q1 26 | — | — | ||
| Q4 25 | 13.5% | 3.7% | ||
| Q3 25 | 8.3% | 3.5% | ||
| Q2 25 | 7.8% | 4.8% | ||
| Q1 25 | 6.9% | 2.7% | ||
| Q4 24 | 9.4% | 3.1% | ||
| Q3 24 | 6.7% | 3.2% | ||
| Q2 24 | 11.8% | 4.2% |
现金转化率PKGSNAP
| Q1 26 | — | — | ||
| Q4 25 | 4.38× | 5.96× | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.66× | — | ||
| Q4 24 | 1.47× | 25.34× | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.40× | — |
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
PKG
暂无分部数据
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
