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Post Holdings, Inc.（POST）与Waste Connections, Inc.（WCN）财务数据对比。点击上方公司名可切换其他公司
Waste Connections, Inc.的季度营收约是Post Holdings, Inc.的1.1倍（$2.4B vs $2.2B），Waste Connections, Inc.净利率更高（10.9% vs 4.5%，领先6.4%），Post Holdings, Inc.同比增速更快（10.1% vs 5.0%），Waste Connections, Inc.自由现金流更多（$172.6M vs $119.3M），过去两年Waste Connections, Inc.的营收复合增速更高（7.0% vs 4.3%）
Post Holdings, Inc.是美国头部包装消费品食品生产商，旗下拥有知名食品业务板块Post Consumer Brands，总部坐落于明尼苏达州莱克维尔，其生产的食品类快消品覆盖北美及全球多个市场，深受消费者喜爱。
Waste Connections, Inc.是北美综合废弃物服务企业，总部位于美国得克萨斯州伍德兰兹，业务范围覆盖美国与加拿大，主营固体废弃物的收集、转运、处理及回收服务，是北美第三大废弃物管理企业。
POST vs WCN — 直观对比
营收规模更大
WCN
是对方的1.1倍
$2.2B
营收增速更快
POST
高出5.1%
5.0%
净利率更高
WCN
高出6.4%
4.5%
自由现金流更多
WCN
多$53.3M
$119.3M
两年增速更快
WCN
近两年复合增速
4.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.4B |
| 净利润 | $96.8M | $258.5M |
| 毛利率 | 29.4% | 42.5% |
| 营业利润率 | 11.0% | 17.7% |
| 净利率 | 4.5% | 10.9% |
| 营收同比 | 10.1% | 5.0% |
| 净利润同比 | -14.6% | 231.9% |
| 每股收益（稀释后） | $1.71 | $1.01 |
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POSTWCN
| Q4 25 | $2.2B | $2.4B | ||
| Q3 25 | $2.2B | $2.5B | ||
| Q2 25 | $2.0B | $2.4B | ||
| Q1 25 | $2.0B | $2.2B | ||
| Q4 24 | $2.0B | $2.3B | ||
| Q3 24 | $2.0B | $2.3B | ||
| Q2 24 | $1.9B | $2.2B | ||
| Q1 24 | $2.0B | $2.1B |
净利润POSTWCN
| Q4 25 | $96.8M | $258.5M | ||
| Q3 25 | $51.0M | $286.3M | ||
| Q2 25 | $108.8M | $290.3M | ||
| Q1 25 | $62.6M | $241.5M | ||
| Q4 24 | $113.3M | $-196.0M | ||
| Q3 24 | $81.6M | $308.0M | ||
| Q2 24 | $99.8M | $275.5M | ||
| Q1 24 | $97.2M | $230.1M |
毛利率POSTWCN
| Q4 25 | 29.4% | 42.5% | ||
| Q3 25 | 26.8% | 42.8% | ||
| Q2 25 | 30.0% | 42.1% | ||
| Q1 25 | 28.0% | 42.0% | ||
| Q4 24 | 30.1% | 41.4% | ||
| Q3 24 | 28.6% | 42.5% | ||
| Q2 24 | 29.6% | 42.1% | ||
| Q1 24 | 29.0% | 41.1% |
营业利润率POSTWCN
| Q4 25 | 11.0% | 17.7% | ||
| Q3 25 | 7.5% | 17.9% | ||
| Q2 25 | 11.8% | 19.1% | ||
| Q1 25 | 9.3% | 17.5% | ||
| Q4 24 | 10.8% | -8.8% | ||
| Q3 24 | 9.5% | 20.3% | ||
| Q2 24 | 10.4% | 18.9% | ||
| Q1 24 | 9.5% | 17.7% |
净利率POSTWCN
| Q4 25 | 4.5% | 10.9% | ||
| Q3 25 | 2.3% | 11.6% | ||
| Q2 25 | 5.5% | 12.1% | ||
| Q1 25 | 3.2% | 10.8% | ||
| Q4 24 | 5.7% | -8.7% | ||
| Q3 24 | 4.1% | 13.2% | ||
| Q2 24 | 5.1% | 12.3% | ||
| Q1 24 | 4.9% | 11.1% |
每股收益（稀释后）POSTWCN
| Q4 25 | $1.71 | $1.01 | ||
| Q3 25 | $0.91 | $1.11 | ||
| Q2 25 | $1.79 | $1.12 | ||
| Q1 25 | $1.03 | $0.93 | ||
| Q4 24 | $1.78 | $-0.76 | ||
| Q3 24 | $1.28 | $1.19 | ||
| Q2 24 | $1.53 | $1.07 | ||
| Q1 24 | $1.48 | $0.89 |
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 | $279.3M | $46.0M |
| 总债务越低越好 | $7.5B | $8.8B |
| 股东权益账面价值 | $3.5B | $8.2B |
| 总资产 | $13.0B | $21.1B |
| 负债/权益比越低杠杆越低 | 2.16× | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资POSTWCN
| Q4 25 | $279.3M | $46.0M | ||
| Q3 25 | $176.7M | $117.6M | ||
| Q2 25 | $1.1B | $110.2M | ||
| Q1 25 | $617.6M | $111.2M | ||
| Q4 24 | $872.9M | $62.4M | ||
| Q3 24 | $787.4M | $115.3M | ||
| Q2 24 | $333.8M | $78.7M | ||
| Q1 24 | $333.4M | $112.0M |
总债务POSTWCN
| Q4 25 | $7.5B | $8.8B | ||
| Q3 25 | $7.4B | $8.6B | ||
| Q2 25 | $7.3B | $8.3B | ||
| Q1 25 | $6.9B | $8.4B | ||
| Q4 24 | $6.9B | $8.1B | ||
| Q3 24 | $6.8B | $8.2B | ||
| Q2 24 | $6.4B | $7.7B | ||
| Q1 24 | $6.4B | $7.8B |
股东权益POSTWCN
| Q4 25 | $3.5B | $8.2B | ||
| Q3 25 | $3.8B | $8.1B | ||
| Q2 25 | $4.0B | $8.4B | ||
| Q1 25 | $3.8B | $8.0B | ||
| Q4 24 | $3.9B | $7.9B | ||
| Q3 24 | $4.1B | $8.3B | ||
| Q2 24 | $3.9B | $8.0B | ||
| Q1 24 | $4.0B | $7.8B |
总资产POSTWCN
| Q4 25 | $13.0B | $21.1B | ||
| Q3 25 | $13.5B | $20.8B | ||
| Q2 25 | $13.4B | $20.7B | ||
| Q1 25 | $12.8B | $20.3B | ||
| Q4 24 | $12.8B | $19.8B | ||
| Q3 24 | $12.9B | $20.1B | ||
| Q2 24 | $12.1B | $19.3B | ||
| Q1 24 | $12.2B | $19.1B |
负债/权益比POSTWCN
| Q4 25 | 2.16× | 1.07× | ||
| Q3 25 | 1.98× | 1.07× | ||
| Q2 25 | 1.84× | 1.00× | ||
| Q1 25 | 1.81× | 1.05× | ||
| Q4 24 | 1.79× | 1.03× | ||
| Q3 24 | 1.67× | 0.99× | ||
| Q2 24 | 1.62× | 0.96× | ||
| Q1 24 | 1.61× | 1.00× |
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 | $235.7M | $556.9M |
| 自由现金流经营现金流 - 资本支出 | $119.3M | $172.6M |
| 自由现金流率自由现金流/营收 | 5.5% | 7.3% |
| 资本支出强度资本支出/营收 | 5.4% | 16.2% |
| 现金转化率经营现金流/净利润 | 2.43× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $436.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流POSTWCN
| Q4 25 | $235.7M | $556.9M | ||
| Q3 25 | $301.3M | $677.4M | ||
| Q2 25 | $225.9M | $638.2M | ||
| Q1 25 | $160.7M | $541.5M | ||
| Q4 24 | $310.4M | $568.9M | ||
| Q3 24 | $235.4M | $558.3M | ||
| Q2 24 | $272.3M | $611.4M | ||
| Q1 24 | $249.6M | $490.3M |
自由现金流POSTWCN
| Q4 25 | $119.3M | $172.6M | ||
| Q3 25 | $151.6M | $380.3M | ||
| Q2 25 | $94.9M | $352.9M | ||
| Q1 25 | $70.2M | $329.1M | ||
| Q4 24 | $171.4M | $172.2M | ||
| Q3 24 | $96.2M | $286.2M | ||
| Q2 24 | $161.5M | $394.2M | ||
| Q1 24 | $150.9M | $320.4M |
自由现金流率POSTWCN
| Q4 25 | 5.5% | 7.3% | ||
| Q3 25 | 6.7% | 15.5% | ||
| Q2 25 | 4.8% | 14.7% | ||
| Q1 25 | 3.6% | 14.8% | ||
| Q4 24 | 8.7% | 7.6% | ||
| Q3 24 | 4.8% | 12.2% | ||
| Q2 24 | 8.3% | 17.5% | ||
| Q1 24 | 7.5% | 15.5% |
资本支出强度POSTWCN
| Q4 25 | 5.4% | 16.2% | ||
| Q3 25 | 6.7% | 12.1% | ||
| Q2 25 | 6.6% | 11.9% | ||
| Q1 25 | 4.6% | 9.5% | ||
| Q4 24 | 7.0% | 17.6% | ||
| Q3 24 | 6.9% | 11.6% | ||
| Q2 24 | 5.7% | 9.7% | ||
| Q1 24 | 4.9% | 8.2% |
现金转化率POSTWCN
| Q4 25 | 2.43× | 2.15× | ||
| Q3 25 | 5.91× | 2.37× | ||
| Q2 25 | 2.08× | 2.20× | ||
| Q1 25 | 2.57× | 2.24× | ||
| Q4 24 | 2.74× | — | ||
| Q3 24 | 2.88× | 1.81× | ||
| Q2 24 | 2.73× | 2.22× | ||
| Q1 24 | 2.57× | 2.13× |
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
POST
| Post Consumer Brands Segment | $1.1B | 51% |
| Pet Food | $360.4M | 17% |
| Side Dishes | $221.5M | 10% |
| Weetabix | $137.9M | 6% |
| Other | $122.1M | 6% |
| Nut Butters | $105.8M | 5% |
| Sausage | $53.1M | 2% |
| Cheeseand Dairy | $41.3M | 2% |
| Protein Based Shakes | $29.3M | 1% |
| Bell Ring | $18.1M | 1% |
WCN
| Southern | $552.9M | 23% |
| Central | $450.9M | 19% |
| Landfill | $386.5M | 16% |
| Transfer | $370.6M | 16% |
| Other | $347.9M | 15% |
| Exploration And Production Waste Treatment Recovery And Disposal | $171.1M | 7% |
| Solid Waste Recycling | $51.2M | 2% |
| Intermodal And Other | $42.3M | 2% |
