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希悦尔（SEE）与UFP INDUSTRIES INC（UFPI）财务数据对比。点击上方公司名可切换其他公司
希悦尔的季度营收约是UFP INDUSTRIES INC的1.0倍（$1.4B vs $1.3B），希悦尔净利率更高（3.1% vs 3.0%，领先0.1%），希悦尔同比增速更快（2.6% vs -9.0%），希悦尔自由现金流更多（$257.7M vs $82.7M），过去两年希悦尔的营收复合增速更高（2.7% vs -9.9%）
希悦尔是全球领先的包装与防护解决方案供应商，核心产品包括缓冲防护材料、食品保鲜包装、可持续减废包装系统，服务覆盖电商、零售、食品饮料、工业制造等多个海内外领域。
UFP工业是一家控股企业，业务覆盖零售、工业、建筑三大市场，总部位于美国密歇根州大急流城，1993年公开上市，旗下共有218家关联运营主体，面向零售、建筑、包装三大领域供应数万种产品。
SEE vs UFPI — 直观对比
营收规模更大
SEE
是对方的1.0倍
$1.3B
营收增速更快
SEE
高出11.7%
-9.0%
净利率更高
SEE
高出0.1%
3.0%
自由现金流更多
SEE
多$175.0M
$82.7M
两年增速更快
SEE
近两年复合增速
-9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $43.8M | $40.0M |
| 毛利率 | 28.6% | 16.3% |
| 营业利润率 | 11.4% | 4.4% |
| 净利率 | 3.1% | 3.0% |
| 营收同比 | 2.6% | -9.0% |
| 净利润同比 | 700.0% | -41.3% |
| 每股收益（稀释后） | $0.30 | $0.71 |
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SEEUFPI
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.3B | $1.9B | ||
| Q1 24 | $1.3B | $1.6B |
净利润SEEUFPI
| Q4 25 | $43.8M | $40.0M | ||
| Q3 25 | $255.1M | $75.3M | ||
| Q2 25 | $93.1M | $100.7M | ||
| Q1 25 | $113.5M | $78.8M | ||
| Q4 24 | $-7.3M | $68.0M | ||
| Q3 24 | $91.7M | $99.8M | ||
| Q2 24 | $98.3M | $125.9M | ||
| Q1 24 | $82.0M | $120.8M |
毛利率SEEUFPI
| Q4 25 | 28.6% | 16.3% | ||
| Q3 25 | 29.8% | 16.8% | ||
| Q2 25 | 30.7% | 17.0% | ||
| Q1 25 | 30.9% | 16.8% | ||
| Q4 24 | 30.0% | 16.4% | ||
| Q3 24 | 30.1% | 18.1% | ||
| Q2 24 | 31.2% | 19.1% | ||
| Q1 24 | 30.3% | 19.9% |
营业利润率SEEUFPI
| Q4 25 | 11.4% | 4.4% | ||
| Q3 25 | 13.8% | 5.7% | ||
| Q2 25 | 15.0% | 6.7% | ||
| Q1 25 | 14.5% | 5.8% | ||
| Q4 24 | 11.7% | 5.4% | ||
| Q3 24 | 13.9% | 7.3% | ||
| Q2 24 | 15.4% | 8.4% | ||
| Q1 24 | 14.0% | 8.2% |
净利率SEEUFPI
| Q4 25 | 3.1% | 3.0% | ||
| Q3 25 | 19.0% | 4.8% | ||
| Q2 25 | 7.0% | 5.5% | ||
| Q1 25 | 9.0% | 4.9% | ||
| Q4 24 | -0.5% | 4.7% | ||
| Q3 24 | 6.9% | 6.1% | ||
| Q2 24 | 7.4% | 6.6% | ||
| Q1 24 | 6.2% | 7.4% |
每股收益（稀释后）SEEUFPI
| Q4 25 | $0.30 | $0.71 | ||
| Q3 25 | $1.73 | $1.29 | ||
| Q2 25 | $0.63 | $1.70 | ||
| Q1 25 | $0.77 | $1.30 | ||
| Q4 24 | $-0.05 | $1.12 | ||
| Q3 24 | $0.63 | $1.64 | ||
| Q2 24 | $0.67 | $2.05 | ||
| Q1 24 | $0.56 | $1.96 |
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 | $344.0M | $948.6M |
| 总债务越低越好 | $3.3B | $229.8M |
| 股东权益账面价值 | $1.2B | $3.1B |
| 总资产 | $7.0B | $4.0B |
| 负债/权益比越低杠杆越低 | 2.65× | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资SEEUFPI
| Q4 25 | $344.0M | $948.6M | ||
| Q3 25 | $282.5M | $1.0B | ||
| Q2 25 | $354.4M | $874.0M | ||
| Q1 25 | $335.2M | $934.3M | ||
| Q4 24 | $371.8M | $1.2B | ||
| Q3 24 | $386.0M | $1.2B | ||
| Q2 24 | $388.6M | $1.1B | ||
| Q1 24 | $352.8M | $1.0B |
总债务SEEUFPI
| Q4 25 | $3.3B | $229.8M | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.2B | $234.0M | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.4B | — | ||
| Q1 24 | $4.5B | — |
股东权益SEEUFPI
| Q4 25 | $1.2B | $3.1B | ||
| Q3 25 | $1.2B | $3.2B | ||
| Q2 25 | $953.1M | $3.1B | ||
| Q1 25 | $797.9M | $3.2B | ||
| Q4 24 | $624.5M | $3.2B | ||
| Q3 24 | $771.2M | $3.2B | ||
| Q2 24 | $650.1M | $3.1B | ||
| Q1 24 | $598.3M | $3.1B |
总资产SEEUFPI
| Q4 25 | $7.0B | $4.0B | ||
| Q3 25 | $7.1B | $4.1B | ||
| Q2 25 | $7.2B | $4.1B | ||
| Q1 25 | $7.0B | $4.2B | ||
| Q4 24 | $7.0B | $4.2B | ||
| Q3 24 | $7.3B | $4.2B | ||
| Q2 24 | $7.3B | $4.1B | ||
| Q1 24 | $7.2B | $4.1B |
负债/权益比SEEUFPI
| Q4 25 | 2.65× | 0.08× | ||
| Q3 25 | 3.34× | — | ||
| Q2 25 | 4.18× | — | ||
| Q1 25 | 5.26× | — | ||
| Q4 24 | 6.72× | 0.07× | ||
| Q3 24 | 5.62× | — | ||
| Q2 24 | 6.81× | — | ||
| Q1 24 | 7.49× | — |
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 | $293.6M | $146.6M |
| 自由现金流经营现金流 - 资本支出 | $257.7M | $82.7M |
| 自由现金流率自由现金流/营收 | 18.5% | 6.2% |
| 资本支出强度资本支出/营收 | 2.6% | 4.8% |
| 现金转化率经营现金流/净利润 | 6.70× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $458.5M | $276.4M |
8季度趋势，按日历期对齐
经营现金流SEEUFPI
| Q4 25 | $293.6M | $146.6M | ||
| Q3 25 | $165.9M | $286.0M | ||
| Q2 25 | $136.6M | $221.9M | ||
| Q1 25 | $31.9M | $-108.8M | ||
| Q4 24 | $244.2M | $144.9M | ||
| Q3 24 | $170.5M | $258.6M | ||
| Q2 24 | $188.2M | $255.9M | ||
| Q1 24 | $125.1M | $-16.8M |
自由现金流SEEUFPI
| Q4 25 | $257.7M | $82.7M | ||
| Q3 25 | $119.6M | $210.2M | ||
| Q2 25 | $93.2M | $159.5M | ||
| Q1 25 | $-12.0M | $-176.1M | ||
| Q4 24 | $185.1M | $78.1M | ||
| Q3 24 | $115.2M | $199.7M | ||
| Q2 24 | $129.5M | $198.4M | ||
| Q1 24 | $78.0M | $-65.9M |
自由现金流率SEEUFPI
| Q4 25 | 18.5% | 6.2% | ||
| Q3 25 | 8.9% | 13.5% | ||
| Q2 25 | 7.0% | 8.7% | ||
| Q1 25 | -0.9% | -11.0% | ||
| Q4 24 | 13.6% | 5.3% | ||
| Q3 24 | 8.6% | 12.1% | ||
| Q2 24 | 9.7% | 10.4% | ||
| Q1 24 | 5.9% | -4.0% |
资本支出强度SEEUFPI
| Q4 25 | 2.6% | 4.8% | ||
| Q3 25 | 3.4% | 4.9% | ||
| Q2 25 | 3.3% | 3.4% | ||
| Q1 25 | 3.5% | 4.2% | ||
| Q4 24 | 4.4% | 4.6% | ||
| Q3 24 | 4.1% | 3.6% | ||
| Q2 24 | 4.4% | 3.0% | ||
| Q1 24 | 3.6% | 3.0% |
现金转化率SEEUFPI
| Q4 25 | 6.70× | 3.67× | ||
| Q3 25 | 0.65× | 3.80× | ||
| Q2 25 | 1.47× | 2.20× | ||
| Q1 25 | 0.28× | -1.38× | ||
| Q4 24 | — | 2.13× | ||
| Q3 24 | 1.86× | 2.59× | ||
| Q2 24 | 1.91× | 2.03× | ||
| Q1 24 | 1.53× | -0.14× |
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
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
UFPI
| Retail Segment | $444.0M | 33% |
| Structural Packaging | $230.2M | 17% |
| Factory Built | $189.7M | 14% |
| Site Built | $152.7M | 11% |
| Palletone Inc | $119.2M | 9% |
| Deckorators | $55.2M | 4% |
| Commercial | $53.2M | 4% |
| Concrete Forming | $44.2M | 3% |
| Transferred Over Time | $29.6M | 2% |
| Protective Packaging | $20.7M | 2% |
