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Sylvamo Corp（SLVM）与Veralto（VLTO）财务数据对比。点击上方公司名可切换其他公司
Veralto的季度营收约是Sylvamo Corp的1.9倍（$1.4B vs $755.0M），Veralto净利率更高（17.0% vs -0.4%，领先17.4%），Veralto同比增速更快（4.4% vs -8.0%），Veralto自由现金流更多（$258.0M vs $-59.0M），过去两年Veralto的营收复合增速更高（5.8% 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。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
SLVM vs VLTO — 直观对比
营收规模更大
VLTO
是对方的1.9倍
$755.0M
营收增速更快
VLTO
高出12.4%
-8.0%
净利率更高
VLTO
高出17.4%
-0.4%
自由现金流更多
VLTO
多$317.0M
$-59.0M
两年增速更快
VLTO
近两年复合增速
-10.0%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $755.0M | $1.4B |
| 净利润 | $-3.0M | $239.0M |
| 毛利率 | — | 60.1% |
| 营业利润率 | — | 23.2% |
| 净利率 | -0.4% | 17.0% |
| 营收同比 | -8.0% | 4.4% |
| 净利润同比 | — | 5.3% |
| 每股收益（稀释后） | $-0.08 | $0.95 |
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SLVMVLTO
| Q1 26 | $755.0M | — | ||
| Q4 25 | $890.0M | $1.4B | ||
| Q3 25 | $846.0M | $1.4B | ||
| Q2 25 | $794.0M | $1.3B | ||
| Q1 25 | $821.0M | — | ||
| Q4 24 | $970.0M | $1.3B | ||
| Q3 24 | $965.0M | $1.3B | ||
| Q2 24 | $933.0M | $1.3B |
净利润SLVMVLTO
| Q1 26 | $-3.0M | — | ||
| Q4 25 | $33.0M | $239.0M | ||
| Q3 25 | $57.0M | $222.0M | ||
| Q2 25 | $15.0M | $225.0M | ||
| Q1 25 | $27.0M | — | ||
| Q4 24 | $81.0M | $227.0M | ||
| Q3 24 | $95.0M | $219.0M | ||
| Q2 24 | $83.0M | $203.0M |
毛利率SLVMVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | 60.1% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 60.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 59.6% | ||
| Q3 24 | — | 59.6% | ||
| Q2 24 | — | 60.1% |
营业利润率SLVMVLTO
| Q1 26 | — | — | ||
| Q4 25 | 8.9% | 23.2% | ||
| Q3 25 | 11.6% | 22.8% | ||
| Q2 25 | 3.8% | 24.2% | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 11.2% | 22.9% | ||
| Q3 24 | 15.5% | 23.4% | ||
| Q2 24 | 13.1% | 23.2% |
净利率SLVMVLTO
| Q1 26 | -0.4% | — | ||
| Q4 25 | 3.7% | 17.0% | ||
| Q3 25 | 6.7% | 16.2% | ||
| Q2 25 | 1.9% | 16.9% | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 8.4% | 16.9% | ||
| Q3 24 | 9.8% | 16.7% | ||
| Q2 24 | 8.9% | 15.8% |
每股收益（稀释后）SLVMVLTO
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $0.81 | $0.95 | ||
| Q3 25 | $1.41 | $0.89 | ||
| Q2 25 | $0.37 | $0.90 | ||
| Q1 25 | $0.65 | — | ||
| Q4 24 | $1.91 | $0.91 | ||
| Q3 24 | $2.27 | $0.88 | ||
| Q2 24 | $1.98 | $0.81 |
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 | — | $1.8B |
| 总债务越低越好 | $766.0M | $2.7B |
| 股东权益账面价值 | $979.0M | $2.8B |
| 总资产 | $2.8B | $7.4B |
| 负债/权益比越低杠杆越低 | 0.78× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资SLVMVLTO
| Q1 26 | — | — | ||
| Q4 25 | $198.0M | $1.8B | ||
| Q3 25 | $146.0M | $1.6B | ||
| Q2 25 | $183.0M | $1.2B | ||
| Q1 25 | $220.0M | — | ||
| Q4 24 | $309.0M | $1.1B | ||
| Q3 24 | $414.0M | $1.3B | ||
| Q2 24 | $213.0M | $1.0B |
总债务SLVMVLTO
| Q1 26 | $766.0M | — | ||
| Q4 25 | $763.0M | $2.7B | ||
| Q3 25 | $778.0M | $2.7B | ||
| Q2 25 | $767.0M | $2.6B | ||
| Q1 25 | $794.0M | — | ||
| Q4 24 | $782.0M | $2.6B | ||
| Q3 24 | $883.0M | $2.6B | ||
| Q2 24 | $894.0M | $2.6B |
股东权益SLVMVLTO
| Q1 26 | $979.0M | — | ||
| Q4 25 | $966.0M | $2.8B | ||
| Q3 25 | $977.0M | $2.7B | ||
| Q2 25 | $959.0M | $2.3B | ||
| Q1 25 | $908.0M | — | ||
| Q4 24 | $847.0M | $2.0B | ||
| Q3 24 | $937.0M | $2.0B | ||
| Q2 24 | $830.0M | $1.7B |
总资产SLVMVLTO
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $7.4B | ||
| Q3 25 | $2.7B | $7.2B | ||
| Q2 25 | $2.7B | $6.6B | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $6.4B | ||
| Q3 24 | $2.9B | $6.3B | ||
| Q2 24 | $2.7B | $5.9B |
负债/权益比SLVMVLTO
| Q1 26 | 0.78× | — | ||
| Q4 25 | 0.79× | 0.94× | ||
| Q3 25 | 0.80× | 1.01× | ||
| Q2 25 | 0.80× | 1.14× | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 0.92× | 1.28× | ||
| Q3 24 | 0.94× | 1.35× | ||
| Q2 24 | 1.08× | 1.57× |
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 | — | $270.0M |
| 自由现金流经营现金流 - 资本支出 | $-59.0M | $258.0M |
| 自由现金流率自由现金流/营收 | -7.8% | 18.4% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | $10.0M | $986.0M |
8季度趋势，按日历期对齐
经营现金流SLVMVLTO
| Q1 26 | — | — | ||
| Q4 25 | $94.0M | $270.0M | ||
| Q3 25 | $87.0M | $339.0M | ||
| Q2 25 | $64.0M | $157.0M | ||
| Q1 25 | $23.0M | — | ||
| Q4 24 | $164.0M | $285.0M | ||
| Q3 24 | $163.0M | $224.0M | ||
| Q2 24 | $115.0M | $251.0M |
自由现金流SLVMVLTO
| Q1 26 | $-59.0M | — | ||
| Q4 25 | $38.0M | $258.0M | ||
| Q3 25 | $33.0M | $323.0M | ||
| Q2 25 | $-2.0M | $142.0M | ||
| Q1 25 | $-25.0M | — | ||
| Q4 24 | $100.0M | $263.0M | ||
| Q3 24 | $119.0M | $215.0M | ||
| Q2 24 | $62.0M | $240.0M |
自由现金流率SLVMVLTO
| Q1 26 | -7.8% | — | ||
| Q4 25 | 4.3% | 18.4% | ||
| Q3 25 | 3.9% | 23.6% | ||
| Q2 25 | -0.3% | 10.7% | ||
| Q1 25 | -3.0% | — | ||
| Q4 24 | 10.3% | 19.6% | ||
| Q3 24 | 12.3% | 16.4% | ||
| Q2 24 | 6.6% | 18.6% |
资本支出强度SLVMVLTO
| Q1 26 | — | — | ||
| Q4 25 | 6.3% | 0.9% | ||
| Q3 25 | 6.4% | 1.2% | ||
| Q2 25 | 8.3% | 1.1% | ||
| Q1 25 | 5.8% | — | ||
| Q4 24 | 6.6% | 1.6% | ||
| Q3 24 | 4.6% | 0.7% | ||
| Q2 24 | 5.7% | 0.9% |
现金转化率SLVMVLTO
| Q1 26 | — | — | ||
| Q4 25 | 2.85× | 1.13× | ||
| Q3 25 | 1.53× | 1.53× | ||
| Q2 25 | 4.27× | 0.70× | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 2.02× | 1.26× | ||
| Q3 24 | 1.72× | 1.02× | ||
| Q2 24 | 1.39× | 1.24× |
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% |
VLTO
| Product Quality And Innovation Segment | $548.0M | 39% |
| Revenuefrom Contractwith Customer Measurement Recurring | $521.0M | 37% |
| Revenuefrom Contractwith Customer Measurement Nonrecurring | $335.0M | 24% |
