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史密斯菲尔德食品（SFD）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的季度营收约是史密斯菲尔德食品的2.0倍（$7.7B vs $3.8B），史密斯菲尔德食品净利率更高（6.6% vs 0.8%，领先5.7%），史密斯菲尔德食品同比增速更快（0.8% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 6.8%）
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
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。
SFD vs SW — 直观对比
营收规模更大
SW
是对方的2.0倍
$3.8B
营收增速更快
SFD
高出0.0%
0.7%
净利率更高
SFD
高出5.7%
0.8%
两年增速更快
SW
近两年复合增速
6.8%
损益表 — Q1 FY2027 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $7.7B |
| 净利润 | $249.0M | $63.0M |
| 毛利率 | 13.4% | 16.4% |
| 营业利润率 | 8.8% | 3.3% |
| 净利率 | 6.6% | 0.8% |
| 营收同比 | 0.8% | 0.7% |
| 净利润同比 | 9.8% | 0.0% |
| 每股收益（稀释后） | — | $0.12 |
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SFDSW
| Q1 26 | $3.8B | $7.7B | ||
| Q4 25 | $4.2B | $7.6B | ||
| Q3 25 | $3.7B | $8.0B | ||
| Q2 25 | $3.8B | $7.9B | ||
| Q1 25 | $3.8B | $7.7B | ||
| Q4 24 | $4.0B | $7.5B | ||
| Q3 24 | $3.3B | $7.7B | ||
| Q2 24 | — | $3.0B |
净利润SFDSW
| Q1 26 | $249.0M | $63.0M | ||
| Q4 25 | $327.0M | $97.0M | ||
| Q3 25 | $248.0M | $246.0M | ||
| Q2 25 | $188.0M | $-28.0M | ||
| Q1 25 | $224.0M | $384.0M | ||
| Q4 24 | $205.0M | $146.0M | ||
| Q3 24 | $291.0M | $-150.0M | ||
| Q2 24 | — | $132.0M |
毛利率SFDSW
| Q1 26 | 13.4% | 16.4% | ||
| Q4 25 | 14.2% | 18.2% | ||
| Q3 25 | 12.8% | 19.6% | ||
| Q2 25 | 13.2% | 19.1% | ||
| Q1 25 | 13.5% | 20.6% | ||
| Q4 24 | 13.5% | 19.1% | ||
| Q3 24 | 14.3% | 17.6% | ||
| Q2 24 | — | 23.3% |
营业利润率SFDSW
| Q1 26 | 8.8% | 3.3% | ||
| Q4 25 | 9.5% | 5.1% | ||
| Q3 25 | 8.3% | 6.6% | ||
| Q2 25 | 6.9% | 3.2% | ||
| Q1 25 | 8.5% | 7.2% | ||
| Q4 24 | 8.5% | 5.3% | ||
| Q3 24 | 8.5% | 0.7% | ||
| Q2 24 | — | 8.2% |
净利率SFDSW
| Q1 26 | 6.6% | 0.8% | ||
| Q4 25 | 7.7% | 1.3% | ||
| Q3 25 | 6.6% | 3.1% | ||
| Q2 25 | 5.0% | -0.4% | ||
| Q1 25 | 5.9% | 5.0% | ||
| Q4 24 | 5.2% | 1.9% | ||
| Q3 24 | 8.7% | -2.0% | ||
| Q2 24 | — | 4.4% |
每股收益（稀释后）SFDSW
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.83 | $0.18 | ||
| Q3 25 | $0.63 | $0.47 | ||
| Q2 25 | $0.48 | $-0.05 | ||
| Q1 25 | $0.57 | $0.73 | ||
| Q4 24 | $0.54 | $-0.12 | ||
| Q3 24 | $0.77 | $-0.30 | ||
| Q2 24 | — | $0.51 |
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 | $1.4B | — |
| 总债务越低越好 | — | $980.0M |
| 股东权益账面价值 | $6.9B | $18.1B |
| 总资产 | $12.0B | $45.2B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资SFDSW
| Q1 26 | $1.4B | — | ||
| Q4 25 | — | $892.0M | ||
| Q3 25 | — | $851.0M | ||
| Q2 25 | — | $778.0M | ||
| Q1 25 | — | $797.0M | ||
| Q4 24 | — | $855.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $26.8K |
总债务SFDSW
| Q1 26 | — | $980.0M | ||
| Q4 25 | $2.0B | $13.4B | ||
| Q3 25 | $2.0B | $13.3B | ||
| Q2 25 | $2.0B | $13.3B | ||
| Q1 25 | $2.0B | $12.9B | ||
| Q4 24 | $2.0B | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益SFDSW
| Q1 26 | $6.9B | $18.1B | ||
| Q4 25 | $6.8B | $18.3B | ||
| Q3 25 | $6.5B | $18.4B | ||
| Q2 25 | $6.3B | $18.3B | ||
| Q1 25 | $6.2B | $17.9B | ||
| Q4 24 | $5.8B | $17.4B | ||
| Q3 24 | — | $18.0B | ||
| Q2 24 | — | $14.5K |
总资产SFDSW
| Q1 26 | $12.0B | $45.2B | ||
| Q4 25 | $12.2B | $45.2B | ||
| Q3 25 | $11.5B | $45.6B | ||
| Q2 25 | $11.2B | $45.7B | ||
| Q1 25 | $11.1B | $44.6B | ||
| Q4 24 | $11.1B | $43.8B | ||
| Q3 24 | — | $45.0B | ||
| Q2 24 | — | $26.8K |
负债/权益比SFDSW
| Q1 26 | — | 0.05× | ||
| Q4 25 | 0.29× | 0.73× | ||
| Q3 25 | 0.31× | 0.72× | ||
| Q2 25 | 0.32× | 0.73× | ||
| Q1 25 | 0.32× | 0.72× | ||
| Q4 24 | 0.34× | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | — |
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 | — | $204.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 现金转化率经营现金流/净利润 | — | 3.24× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流SFDSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $938.0M | $1.2B | ||
| Q3 25 | $13.0M | $1.1B | ||
| Q2 25 | $274.0M | $829.0M | ||
| Q1 25 | $-166.0M | $235.0M | ||
| Q4 24 | — | $781.0M | ||
| Q3 24 | — | $320.0M | ||
| Q2 24 | — | $340.0M |
自由现金流SFDSW
| Q1 26 | — | — | ||
| Q4 25 | $842.0M | $612.0M | ||
| Q3 25 | $-75.0M | $523.0M | ||
| Q2 25 | $196.0M | $307.0M | ||
| Q1 25 | $-245.0M | $-242.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | — | $-192.0M | ||
| Q2 24 | — | $163.0M |
自由现金流率SFDSW
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 8.1% | ||
| Q3 25 | -2.0% | 6.5% | ||
| Q2 25 | 5.2% | 3.9% | ||
| Q1 25 | -6.5% | -3.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | -2.5% | ||
| Q2 24 | — | 5.5% |
资本支出强度SFDSW
| Q1 26 | 2.3% | — | ||
| Q4 25 | 2.3% | 7.7% | ||
| Q3 25 | 2.3% | 7.6% | ||
| Q2 25 | 2.1% | 6.6% | ||
| Q1 25 | 2.1% | 6.2% | ||
| Q4 24 | 2.1% | 7.5% | ||
| Q3 24 | 2.8% | 6.7% | ||
| Q2 24 | — | 6.0% |
现金转化率SFDSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 2.87× | 12.32× | ||
| Q3 25 | 0.05× | 4.61× | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | -0.74× | 0.61× | ||
| Q4 24 | — | 5.35× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
