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Sylvamo Corp（SLVM）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
Snap Inc的季度营收约是Sylvamo Corp的2.0倍（$1.5B vs $755.0M），Sylvamo Corp净利率更高（-0.4% vs -5.8%，领先5.4%），Snap Inc同比增速更快（12.1% vs -8.0%），Snap Inc自由现金流更多（$286.0M vs $-59.0M），过去两年Snap Inc的营收复合增速更高（11.2% vs -10.0%）
西尔瓦莫公司是全球领先的可持续纸浆与纸品生产商，核心产品包括非涂布印刷纸、包装纸及商用纸浆，业务覆盖北美、欧洲、拉美地区，服务办公耗材、出版、商业印刷、包装等多个领域。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
SLVM vs SNAP — 直观对比
营收规模更大
SNAP
是对方的2.0倍
$755.0M
营收增速更快
SNAP
高出20.2%
-8.0%
净利率更高
SLVM
高出5.4%
-5.8%
自由现金流更多
SNAP
多$345.0M
$-59.0M
两年增速更快
SNAP
近两年复合增速
-10.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $755.0M | $1.5B |
| 净利润 | $-3.0M | $-89.0M |
| 毛利率 | — | 56.5% |
| 营业利润率 | — | -4.9% |
| 净利率 | -0.4% | -5.8% |
| 营收同比 | -8.0% | 12.1% |
| 净利润同比 | — | 36.3% |
| 每股收益（稀释后） | $-0.08 | $-0.05 |
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SLVMSNAP
| Q1 26 | $755.0M | $1.5B | ||
| Q4 25 | $890.0M | $1.7B | ||
| Q3 25 | $846.0M | $1.5B | ||
| Q2 25 | $794.0M | $1.3B | ||
| Q1 25 | $821.0M | $1.4B | ||
| Q4 24 | $970.0M | $1.6B | ||
| Q3 24 | $965.0M | $1.4B | ||
| Q2 24 | $933.0M | $1.2B |
净利润SLVMSNAP
| Q1 26 | $-3.0M | $-89.0M | ||
| Q4 25 | $33.0M | $45.2M | ||
| Q3 25 | $57.0M | $-103.5M | ||
| Q2 25 | $15.0M | $-262.6M | ||
| Q1 25 | $27.0M | $-139.6M | ||
| Q4 24 | $81.0M | $9.1M | ||
| Q3 24 | $95.0M | $-153.2M | ||
| Q2 24 | $83.0M | $-248.6M |
毛利率SLVMSNAP
| Q1 26 | — | 56.5% | ||
| Q4 25 | — | 59.1% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 51.4% | ||
| Q1 25 | — | 53.1% | ||
| Q4 24 | — | 56.9% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 52.4% |
营业利润率SLVMSNAP
| Q1 26 | — | -4.9% | ||
| Q4 25 | 8.9% | 2.9% | ||
| Q3 25 | 11.6% | -8.5% | ||
| Q2 25 | 3.8% | -19.3% | ||
| Q1 25 | 5.4% | -14.2% | ||
| Q4 24 | 11.2% | -1.7% | ||
| Q3 24 | 15.5% | -12.6% | ||
| Q2 24 | 13.1% | -20.5% |
净利率SLVMSNAP
| Q1 26 | -0.4% | -5.8% | ||
| Q4 25 | 3.7% | 2.6% | ||
| Q3 25 | 6.7% | -6.9% | ||
| Q2 25 | 1.9% | -19.5% | ||
| Q1 25 | 3.3% | -10.2% | ||
| Q4 24 | 8.4% | 0.6% | ||
| Q3 24 | 9.8% | -11.2% | ||
| Q2 24 | 8.9% | -20.1% |
每股收益（稀释后）SLVMSNAP
| Q1 26 | $-0.08 | $-0.05 | ||
| Q4 25 | $0.81 | $0.03 | ||
| Q3 25 | $1.41 | $-0.06 | ||
| Q2 25 | $0.37 | $-0.16 | ||
| Q1 25 | $0.65 | $-0.08 | ||
| Q4 24 | $1.91 | $0.01 | ||
| Q3 24 | $2.27 | $-0.09 | ||
| Q2 24 | $1.98 | $-0.15 |
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 | — | $1.1B |
| 总债务越低越好 | $766.0M | — |
| 股东权益账面价值 | $979.0M | $2.1B |
| 总资产 | $2.8B | $7.5B |
| 负债/权益比越低杠杆越低 | 0.78× | — |
8季度趋势，按日历期对齐
现金及短期投资SLVMSNAP
| Q1 26 | — | $1.1B | ||
| Q4 25 | $198.0M | $2.9B | ||
| Q3 25 | $146.0M | $3.0B | ||
| Q2 25 | $183.0M | $2.9B | ||
| Q1 25 | $220.0M | $3.2B | ||
| Q4 24 | $309.0M | $3.4B | ||
| Q3 24 | $414.0M | $3.2B | ||
| Q2 24 | $213.0M | $3.1B |
总债务SLVMSNAP
| Q1 26 | $766.0M | — | ||
| Q4 25 | $763.0M | $3.5B | ||
| Q3 25 | $778.0M | $3.5B | ||
| Q2 25 | $767.0M | $3.6B | ||
| Q1 25 | $794.0M | $3.6B | ||
| Q4 24 | $782.0M | $3.6B | ||
| Q3 24 | $883.0M | $3.6B | ||
| Q2 24 | $894.0M | $3.6B |
股东权益SLVMSNAP
| Q1 26 | $979.0M | $2.1B | ||
| Q4 25 | $966.0M | $2.3B | ||
| Q3 25 | $977.0M | $2.2B | ||
| Q2 25 | $959.0M | $2.1B | ||
| Q1 25 | $908.0M | $2.3B | ||
| Q4 24 | $847.0M | $2.5B | ||
| Q3 24 | $937.0M | $2.2B | ||
| Q2 24 | $830.0M | $2.1B |
总资产SLVMSNAP
| Q1 26 | $2.8B | $7.5B | ||
| Q4 25 | $2.8B | $7.7B | ||
| Q3 25 | $2.7B | $7.6B | ||
| Q2 25 | $2.7B | $7.4B | ||
| Q1 25 | $2.6B | $7.6B | ||
| Q4 24 | $2.6B | $7.9B | ||
| Q3 24 | $2.9B | $7.6B | ||
| Q2 24 | $2.7B | $7.4B |
负债/权益比SLVMSNAP
| Q1 26 | 0.78× | — | ||
| Q4 25 | 0.79× | 1.55× | ||
| Q3 25 | 0.80× | 1.59× | ||
| Q2 25 | 0.80× | 1.73× | ||
| Q1 25 | 0.87× | 1.56× | ||
| Q4 24 | 0.92× | 1.49× | ||
| Q3 24 | 0.94× | 1.65× | ||
| Q2 24 | 1.08× | 1.76× |
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 | — | $326.8M |
| 自由现金流经营现金流 - 资本支出 | $-59.0M | $286.0M |
| 自由现金流率自由现金流/营收 | -7.8% | 18.7% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $10.0M | $608.8M |
8季度趋势，按日历期对齐
经营现金流SLVMSNAP
| Q1 26 | — | $326.8M | ||
| Q4 25 | $94.0M | $269.6M | ||
| Q3 25 | $87.0M | $146.5M | ||
| Q2 25 | $64.0M | $88.5M | ||
| Q1 25 | $23.0M | $151.6M | ||
| Q4 24 | $164.0M | $230.6M | ||
| Q3 24 | $163.0M | $115.9M | ||
| Q2 24 | $115.0M | $-21.4M |
自由现金流SLVMSNAP
| Q1 26 | $-59.0M | $286.0M | ||
| Q4 25 | $38.0M | $205.6M | ||
| Q3 25 | $33.0M | $93.4M | ||
| Q2 25 | $-2.0M | $23.8M | ||
| Q1 25 | $-25.0M | $114.4M | ||
| Q4 24 | $100.0M | $182.4M | ||
| Q3 24 | $119.0M | $71.8M | ||
| Q2 24 | $62.0M | $-73.4M |
自由现金流率SLVMSNAP
| Q1 26 | -7.8% | 18.7% | ||
| Q4 25 | 4.3% | 12.0% | ||
| Q3 25 | 3.9% | 6.2% | ||
| Q2 25 | -0.3% | 1.8% | ||
| Q1 25 | -3.0% | 8.4% | ||
| Q4 24 | 10.3% | 11.7% | ||
| Q3 24 | 12.3% | 5.2% | ||
| Q2 24 | 6.6% | -5.9% |
资本支出强度SLVMSNAP
| Q1 26 | — | — | ||
| Q4 25 | 6.3% | 3.7% | ||
| Q3 25 | 6.4% | 3.5% | ||
| Q2 25 | 8.3% | 4.8% | ||
| Q1 25 | 5.8% | 2.7% | ||
| Q4 24 | 6.6% | 3.1% | ||
| Q3 24 | 4.6% | 3.2% | ||
| Q2 24 | 5.7% | 4.2% |
现金转化率SLVMSNAP
| Q1 26 | — | — | ||
| Q4 25 | 2.85× | 5.96× | ||
| Q3 25 | 1.53× | — | ||
| Q2 25 | 4.27× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 2.02× | 25.34× | ||
| Q3 24 | 1.72× | — | ||
| Q2 24 | 1.39× | — |
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
SLVM
| North America | $390.0M | 52% |
| Europe | $190.0M | 25% |
| Latin America | $187.0M | 25% |
SNAP
暂无分部数据
