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斯伦贝谢（SLB）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
斯伦贝谢的季度营收约是Smurfit Westrock的1.1倍（$8.7B vs $7.7B），斯伦贝谢净利率更高（8.6% vs 0.8%，领先7.8%），斯伦贝谢同比增速更快（2.7% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs -2.3%）
SLB前身为斯伦贝谢，是全球知名的跨国油田服务企业。1926年创立于法国，现注册地为库拉索威廉斯塔德，在巴黎、休斯敦、伦敦、海牙四地设有核心行政办公室，截至2022年按营收计算是全球最大的海上钻井企业及海上钻井承包商。
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。
SLB vs SW — 直观对比
营收规模更大
SLB
是对方的1.1倍
$7.7B
营收增速更快
SLB
高出2.0%
0.7%
净利率更高
SLB
高出7.8%
0.8%
两年增速更快
SW
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.7B | $7.7B |
| 净利润 | $752.0M | $63.0M |
| 毛利率 | — | 16.4% |
| 营业利润率 | — | 3.3% |
| 净利率 | 8.6% | 0.8% |
| 营收同比 | 2.7% | 0.7% |
| 净利润同比 | -5.6% | 0.0% |
| 每股收益（稀释后） | $0.50 | $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SLBSW
| Q1 26 | $8.7B | $7.7B | ||
| Q4 25 | $9.7B | $7.6B | ||
| Q3 25 | $8.9B | $8.0B | ||
| Q2 25 | $8.5B | $7.9B | ||
| Q1 25 | $8.5B | $7.7B | ||
| Q4 24 | $9.3B | $7.5B | ||
| Q3 24 | $9.2B | $7.7B | ||
| Q2 24 | $9.1B | $3.0B |
净利润SLBSW
| Q1 26 | $752.0M | $63.0M | ||
| Q4 25 | $824.0M | $97.0M | ||
| Q3 25 | $739.0M | $246.0M | ||
| Q2 25 | $1.0B | $-28.0M | ||
| Q1 25 | $797.0M | $384.0M | ||
| Q4 24 | $1.1B | $146.0M | ||
| Q3 24 | $1.2B | $-150.0M | ||
| Q2 24 | $1.1B | $132.0M |
毛利率SLBSW
| Q1 26 | — | 16.4% | ||
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% |
营业利润率SLBSW
| Q1 26 | — | 3.3% | ||
| Q4 25 | 9.7% | 5.1% | ||
| Q3 25 | 11.2% | 6.6% | ||
| Q2 25 | 15.0% | 3.2% | ||
| Q1 25 | 12.5% | 7.2% | ||
| Q4 24 | 14.9% | 5.3% | ||
| Q3 24 | 16.5% | 0.7% | ||
| Q2 24 | 15.5% | 8.2% |
净利率SLBSW
| Q1 26 | 8.6% | 0.8% | ||
| Q4 25 | 8.5% | 1.3% | ||
| Q3 25 | 8.3% | 3.1% | ||
| Q2 25 | 11.9% | -0.4% | ||
| Q1 25 | 9.4% | 5.0% | ||
| Q4 24 | 11.8% | 1.9% | ||
| Q3 24 | 12.9% | -2.0% | ||
| Q2 24 | 12.2% | 4.4% |
每股收益（稀释后）SLBSW
| Q1 26 | $0.50 | $0.12 | ||
| Q4 25 | $0.53 | $0.18 | ||
| Q3 25 | $0.50 | $0.47 | ||
| Q2 25 | $0.74 | $-0.05 | ||
| Q1 25 | $0.58 | $0.73 | ||
| Q4 24 | $0.77 | $-0.12 | ||
| Q3 24 | $0.83 | $-0.30 | ||
| Q2 24 | $0.77 | $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 | $3.4B | — |
| 总债务越低越好 | $9.7B | $980.0M |
| 股东权益账面价值 | $27.4B | $18.1B |
| 总资产 | $19.3B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.35× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资SLBSW
| Q1 26 | $3.4B | — | ||
| Q4 25 | $1.2B | $892.0M | ||
| Q3 25 | $571.0M | $851.0M | ||
| Q2 25 | $511.0M | $778.0M | ||
| Q1 25 | $961.0M | $797.0M | ||
| Q4 24 | $1.1B | $855.0M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.1B | $26.8K |
总债务SLBSW
| Q1 26 | $9.7B | $980.0M | ||
| Q4 25 | — | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益SLBSW
| Q1 26 | $27.4B | $18.1B | ||
| Q4 25 | $26.1B | $18.3B | ||
| Q3 25 | $25.6B | $18.4B | ||
| Q2 25 | $20.3B | $18.3B | ||
| Q1 25 | $19.5B | $17.9B | ||
| Q4 24 | $21.1B | $17.4B | ||
| Q3 24 | $21.5B | $18.0B | ||
| Q2 24 | $21.1B | $14.5K |
总资产SLBSW
| Q1 26 | $19.3B | $45.2B | ||
| Q4 25 | $54.9B | $45.2B | ||
| Q3 25 | $55.1B | $45.6B | ||
| Q2 25 | $48.8B | $45.7B | ||
| Q1 25 | $49.0B | $44.6B | ||
| Q4 24 | $48.9B | $43.8B | ||
| Q3 24 | $49.8B | $45.0B | ||
| Q2 24 | $49.4B | $26.8K |
负债/权益比SLBSW
| Q1 26 | 0.35× | 0.05× | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 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 | $103.0M | — |
| 自由现金流率自由现金流/营收 | 1.2% | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | $4.6B | — |
8季度趋势，按日历期对齐
经营现金流SLBSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $3.0B | $1.2B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.1B | $829.0M | ||
| Q1 25 | $660.0M | $235.0M | ||
| Q4 24 | $2.4B | $781.0M | ||
| Q3 24 | $2.4B | $320.0M | ||
| Q2 24 | $1.4B | $340.0M |
自由现金流SLBSW
| Q1 26 | $103.0M | — | ||
| Q4 25 | $2.5B | $612.0M | ||
| Q3 25 | $1.3B | $523.0M | ||
| Q2 25 | $771.0M | $307.0M | ||
| Q1 25 | $262.0M | $-242.0M | ||
| Q4 24 | $1.8B | $212.0M | ||
| Q3 24 | $2.0B | $-192.0M | ||
| Q2 24 | $973.0M | $163.0M |
自由现金流率SLBSW
| Q1 26 | 1.2% | — | ||
| Q4 25 | 25.5% | 8.1% | ||
| Q3 25 | 14.3% | 6.5% | ||
| Q2 25 | 9.0% | 3.9% | ||
| Q1 25 | 3.1% | -3.2% | ||
| Q4 24 | 19.2% | 2.8% | ||
| Q3 24 | 21.7% | -2.5% | ||
| Q2 24 | 10.6% | 5.5% |
资本支出强度SLBSW
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 7.7% | ||
| Q3 25 | 4.6% | 7.6% | ||
| Q2 25 | 4.3% | 6.6% | ||
| Q1 25 | 4.7% | 6.2% | ||
| Q4 24 | 6.6% | 7.5% | ||
| Q3 24 | 5.0% | 6.7% | ||
| Q2 24 | 5.1% | 6.0% |
现金转化率SLBSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 3.65× | 12.32× | ||
| Q3 25 | 2.28× | 4.61× | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | 0.83× | 0.61× | ||
| Q4 24 | 2.18× | 5.35× | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 1.29× | 2.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
