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Packaging Corporation of America（PKG）与Constellation Brands（STZ）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Constellation Brands的1.1倍（$2.4B vs $2.2B），Constellation Brands净利率更高（22.6% vs 7.2%，领先15.4%），Packaging Corporation of America同比增速更快（10.6% vs -9.8%），过去两年Packaging Corporation of America的营收复合增速更高（6.8% vs 1.9%）
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。
Constellation Brands, Inc.是总部位于美国纽约州罗切斯特的《财富》500强企业，主营啤酒、葡萄酒及烈酒的生产与营销，按销售额计算是美国最大的啤酒进口商，在全美主要啤酒供应商中市场份额位列第三。公司还通过与Canopy Growth合作在医用及娱乐大麻领域有大额投资，现有约40处设施、近9000名员工。
PKG vs STZ — 直观对比
营收规模更大
PKG
是对方的1.1倍
$2.2B
营收增速更快
PKG
高出20.4%
-9.8%
净利率更高
STZ
高出15.4%
7.2%
两年增速更快
PKG
近两年复合增速
1.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $2.2B |
| 净利润 | $170.9M | $502.8M |
| 毛利率 | 19.1% | 53.2% |
| 营业利润率 | 10.6% | 31.1% |
| 净利率 | 7.2% | 22.6% |
| 营收同比 | 10.6% | -9.8% |
| 净利润同比 | -16.1% | -18.4% |
| 每股收益（稀释后） | $1.91 | — |
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PKGSTZ
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $2.2B | ||
| Q3 25 | $2.3B | $2.5B | ||
| Q2 25 | $2.2B | $2.5B | ||
| Q1 25 | $2.1B | $2.2B | ||
| Q4 24 | $2.1B | $2.5B | ||
| Q3 24 | $2.2B | $2.9B | ||
| Q2 24 | $2.1B | $2.7B |
净利润PKGSTZ
| Q1 26 | $170.9M | — | ||
| Q4 25 | $101.9M | $502.8M | ||
| Q3 25 | $226.9M | $466.0M | ||
| Q2 25 | $241.5M | $516.1M | ||
| Q1 25 | $203.8M | $-375.3M | ||
| Q4 24 | $221.2M | $615.9M | ||
| Q3 24 | $238.1M | $-1.2B | ||
| Q2 24 | $198.9M | $877.0M |
毛利率PKGSTZ
| Q1 26 | 19.1% | — | ||
| Q4 25 | 18.9% | 53.2% | ||
| Q3 25 | 21.8% | 52.8% | ||
| Q2 25 | 22.2% | 50.4% | ||
| Q1 25 | 21.2% | 51.5% | ||
| Q4 24 | 21.9% | 52.1% | ||
| Q3 24 | 23.1% | 51.8% | ||
| Q2 24 | 21.1% | 52.7% |
营业利润率PKGSTZ
| Q1 26 | 10.6% | — | ||
| Q4 25 | 7.1% | 31.1% | ||
| Q3 25 | 14.0% | 35.2% | ||
| Q2 25 | 15.4% | 28.4% | ||
| Q1 25 | 13.1% | -6.9% | ||
| Q4 24 | 14.1% | 32.2% | ||
| Q3 24 | 15.0% | -42.1% | ||
| Q2 24 | 13.3% | 35.4% |
净利率PKGSTZ
| Q1 26 | 7.2% | — | ||
| Q4 25 | 4.3% | 22.6% | ||
| Q3 25 | 9.8% | 18.8% | ||
| Q2 25 | 11.1% | 20.5% | ||
| Q1 25 | 9.5% | -17.3% | ||
| Q4 24 | 10.3% | 25.0% | ||
| Q3 24 | 10.9% | -41.1% | ||
| Q2 24 | 9.6% | 32.9% |
每股收益（稀释后）PKGSTZ
| Q1 26 | $1.91 | — | ||
| Q4 25 | $1.14 | — | ||
| Q3 25 | $2.51 | — | ||
| Q2 25 | $2.67 | — | ||
| Q1 25 | $2.26 | — | ||
| Q4 24 | $2.45 | — | ||
| Q3 24 | $2.64 | — | ||
| Q2 24 | $2.21 | — |
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 | — | $152.4M |
| 总债务越低越好 | — | $10.3B |
| 股东权益账面价值 | — | $7.7B |
| 总资产 | — | $21.7B |
| 负债/权益比越低杠杆越低 | — | 1.33× |
8季度趋势，按日历期对齐
现金及短期投资PKGSTZ
| Q1 26 | — | — | ||
| Q4 25 | $529.0M | $152.4M | ||
| Q3 25 | $634.0M | $72.0M | ||
| Q2 25 | $787.9M | $73.9M | ||
| Q1 25 | $751.7M | $68.1M | ||
| Q4 24 | $685.0M | $73.7M | ||
| Q3 24 | $676.6M | $64.6M | ||
| Q2 24 | $613.6M | $73.8M |
总债务PKGSTZ
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | $10.3B | ||
| Q3 25 | $4.0B | $10.3B | ||
| Q2 25 | — | $11.2B | ||
| Q1 25 | — | $10.7B | ||
| Q4 24 | $2.5B | $10.7B | ||
| Q3 24 | $2.5B | $11.1B | ||
| Q2 24 | — | $11.1B |
股东权益PKGSTZ
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | $7.7B | ||
| Q3 25 | $4.8B | $7.5B | ||
| Q2 25 | $4.6B | $7.3B | ||
| Q1 25 | $4.5B | $6.9B | ||
| Q4 24 | $4.4B | $7.8B | ||
| Q3 24 | $4.3B | $7.9B | ||
| Q2 24 | $4.1B | $10.3B |
总资产PKGSTZ
| Q1 26 | — | — | ||
| Q4 25 | $10.7B | $21.7B | ||
| Q3 25 | $11.0B | $21.4B | ||
| Q2 25 | $9.0B | $22.3B | ||
| Q1 25 | $9.0B | $21.7B | ||
| Q4 24 | $8.8B | $22.8B | ||
| Q3 24 | $8.8B | $23.1B | ||
| Q2 24 | $9.0B | $26.1B |
负债/权益比PKGSTZ
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | 1.33× | ||
| Q3 25 | 0.84× | 1.37× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | 0.57× | 1.37× | ||
| Q3 24 | 0.58× | 1.41× | ||
| Q2 24 | — | 1.08× |
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 | — | $616.9M |
| 自由现金流经营现金流 - 资本支出 | — | $370.9M |
| 自由现金流率自由现金流/营收 | — | 16.7% |
| 资本支出强度资本支出/营收 | — | 11.1% |
| 现金转化率经营现金流/净利润 | — | 1.23× |
| 过去12个月自由现金流最近4个季度 | — | $1.8B |
8季度趋势，按日历期对齐
经营现金流PKGSTZ
| Q1 26 | — | — | ||
| Q4 25 | $446.6M | $616.9M | ||
| Q3 25 | $472.2M | $852.1M | ||
| Q2 25 | $299.6M | $637.2M | ||
| Q1 25 | $339.1M | $594.7M | ||
| Q4 24 | $325.4M | $685.2M | ||
| Q3 24 | $327.1M | $1.2B | ||
| Q2 24 | $278.3M | $690.5M |
自由现金流PKGSTZ
| Q1 26 | — | — | ||
| Q4 25 | $127.6M | $370.9M | ||
| Q3 25 | $280.1M | $634.8M | ||
| Q2 25 | $129.9M | $444.4M | ||
| Q1 25 | $191.0M | $312.1M | ||
| Q4 24 | $124.1M | $456.8M | ||
| Q3 24 | $180.4M | $854.0M | ||
| Q2 24 | $33.3M | $315.2M |
自由现金流率PKGSTZ
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 16.7% | ||
| Q3 25 | 12.1% | 25.6% | ||
| Q2 25 | 6.0% | 17.7% | ||
| Q1 25 | 8.9% | 14.4% | ||
| Q4 24 | 5.8% | 18.5% | ||
| Q3 24 | 8.3% | 29.3% | ||
| Q2 24 | 1.6% | 11.8% |
资本支出强度PKGSTZ
| Q1 26 | — | — | ||
| Q4 25 | 13.5% | 11.1% | ||
| Q3 25 | 8.3% | 8.8% | ||
| Q2 25 | 7.8% | 7.7% | ||
| Q1 25 | 6.9% | 13.1% | ||
| Q4 24 | 9.4% | 9.3% | ||
| Q3 24 | 6.7% | 11.2% | ||
| Q2 24 | 11.8% | 14.1% |
现金转化率PKGSTZ
| Q1 26 | — | — | ||
| Q4 25 | 4.38× | 1.23× | ||
| Q3 25 | 2.08× | 1.83× | ||
| Q2 25 | 1.24× | 1.23× | ||
| Q1 25 | 1.66× | — | ||
| Q4 24 | 1.47× | 1.11× | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.40× | 0.79× |
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
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
