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Sylvamo Corp（SLVM）与Worthington Steel, Inc.（WS）财务数据对比。点击上方公司名可切换其他公司
Worthington Steel, Inc.的季度营收约是Sylvamo Corp的1.2倍（$871.9M vs $755.0M），Worthington Steel, Inc.净利率更高（2.2% vs -0.4%，领先2.6%），Worthington Steel, Inc.同比增速更快（18.0% vs -8.0%），Worthington Steel, Inc.自由现金流更多（$74.6M vs $-59.0M），过去两年Worthington Steel, Inc.的营收复合增速更高（3.9% 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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
SLVM vs WS — 直观对比
营收规模更大
WS
是对方的1.2倍
$755.0M
营收增速更快
WS
高出26.0%
-8.0%
净利率更高
WS
高出2.6%
-0.4%
自由现金流更多
WS
多$133.6M
$-59.0M
两年增速更快
WS
近两年复合增速
-10.0%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $755.0M | $871.9M |
| 净利润 | $-3.0M | $18.8M |
| 毛利率 | — | 10.7% |
| 营业利润率 | — | 2.5% |
| 净利率 | -0.4% | 2.2% |
| 营收同比 | -8.0% | 18.0% |
| 净利润同比 | — | 46.9% |
| 每股收益（稀释后） | $-0.08 | $0.37 |
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SLVMWS
| Q1 26 | $755.0M | — | ||
| Q4 25 | $890.0M | $871.9M | ||
| Q3 25 | $846.0M | $872.9M | ||
| Q2 25 | $794.0M | $832.9M | ||
| Q1 25 | $821.0M | $687.4M | ||
| Q4 24 | $970.0M | $739.0M | ||
| Q3 24 | $965.0M | $834.0M | ||
| Q2 24 | $933.0M | — |
净利润SLVMWS
| Q1 26 | $-3.0M | — | ||
| Q4 25 | $33.0M | $18.8M | ||
| Q3 25 | $57.0M | $36.8M | ||
| Q2 25 | $15.0M | $55.7M | ||
| Q1 25 | $27.0M | $13.8M | ||
| Q4 24 | $81.0M | $12.8M | ||
| Q3 24 | $95.0M | $28.4M | ||
| Q2 24 | $83.0M | — |
毛利率SLVMWS
| Q1 26 | — | — | ||
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | — |
营业利润率SLVMWS
| Q1 26 | — | — | ||
| Q4 25 | 8.9% | 2.5% | ||
| Q3 25 | 11.6% | 5.5% | ||
| Q2 25 | 3.8% | 8.0% | ||
| Q1 25 | 5.4% | 2.7% | ||
| Q4 24 | 11.2% | 2.6% | ||
| Q3 24 | 15.5% | 5.2% | ||
| Q2 24 | 13.1% | — |
净利率SLVMWS
| Q1 26 | -0.4% | — | ||
| Q4 25 | 3.7% | 2.2% | ||
| Q3 25 | 6.7% | 4.2% | ||
| Q2 25 | 1.9% | 6.7% | ||
| Q1 25 | 3.3% | 2.0% | ||
| Q4 24 | 8.4% | 1.7% | ||
| Q3 24 | 9.8% | 3.4% | ||
| Q2 24 | 8.9% | — |
每股收益（稀释后）SLVMWS
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $0.81 | $0.37 | ||
| Q3 25 | $1.41 | $0.72 | ||
| Q2 25 | $0.37 | $1.11 | ||
| Q1 25 | $0.65 | $0.27 | ||
| Q4 24 | $1.91 | $0.25 | ||
| Q3 24 | $2.27 | $0.56 | ||
| Q2 24 | $1.98 | — |
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 | — | $89.8M |
| 总债务越低越好 | $766.0M | $72.1M |
| 股东权益账面价值 | $979.0M | $1.1B |
| 总资产 | $2.8B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.78× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资SLVMWS
| Q1 26 | — | — | ||
| Q4 25 | $198.0M | $89.8M | ||
| Q3 25 | $146.0M | $78.3M | ||
| Q2 25 | $183.0M | $38.0M | ||
| Q1 25 | $220.0M | $63.3M | ||
| Q4 24 | $309.0M | $52.0M | ||
| Q3 24 | $414.0M | $36.0M | ||
| Q2 24 | $213.0M | — |
总债务SLVMWS
| Q1 26 | $766.0M | — | ||
| Q4 25 | $763.0M | $72.1M | ||
| Q3 25 | $778.0M | $73.4M | ||
| Q2 25 | $767.0M | $151.5M | ||
| Q1 25 | $794.0M | — | ||
| Q4 24 | $782.0M | $115.0M | ||
| Q3 24 | $883.0M | $122.2M | ||
| Q2 24 | $894.0M | — |
股东权益SLVMWS
| Q1 26 | $979.0M | — | ||
| Q4 25 | $966.0M | $1.1B | ||
| Q3 25 | $977.0M | $1.1B | ||
| Q2 25 | $959.0M | $1.1B | ||
| Q1 25 | $908.0M | $1.0B | ||
| Q4 24 | $847.0M | $1.0B | ||
| Q3 24 | $937.0M | $1.0B | ||
| Q2 24 | $830.0M | — |
总资产SLVMWS
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $2.1B | ||
| Q3 25 | $2.7B | $2.2B | ||
| Q2 25 | $2.7B | $2.0B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.6B | $1.7B | ||
| Q3 24 | $2.9B | $1.8B | ||
| Q2 24 | $2.7B | — |
负债/权益比SLVMWS
| Q1 26 | 0.78× | — | ||
| Q4 25 | 0.79× | 0.06× | ||
| Q3 25 | 0.80× | 0.07× | ||
| Q2 25 | 0.80× | 0.14× | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 0.92× | 0.11× | ||
| Q3 24 | 0.94× | 0.12× | ||
| Q2 24 | 1.08× | — |
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 | — | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $-59.0M | $74.6M |
| 自由现金流率自由现金流/营收 | -7.8% | 8.6% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | — | 5.28× |
| 过去12个月自由现金流最近4个季度 | $10.0M | $72.5M |
8季度趋势，按日历期对齐
经营现金流SLVMWS
| Q1 26 | — | — | ||
| Q4 25 | $94.0M | $99.3M | ||
| Q3 25 | $87.0M | $-6.3M | ||
| Q2 25 | $64.0M | $53.9M | ||
| Q1 25 | $23.0M | $53.8M | ||
| Q4 24 | $164.0M | $68.0M | ||
| Q3 24 | $163.0M | $54.6M | ||
| Q2 24 | $115.0M | — |
自由现金流SLVMWS
| Q1 26 | $-59.0M | — | ||
| Q4 25 | $38.0M | $74.6M | ||
| Q3 25 | $33.0M | $-35.7M | ||
| Q2 25 | $-2.0M | $8.4M | ||
| Q1 25 | $-25.0M | $25.2M | ||
| Q4 24 | $100.0M | $33.2M | ||
| Q3 24 | $119.0M | $33.1M | ||
| Q2 24 | $62.0M | — |
自由现金流率SLVMWS
| Q1 26 | -7.8% | — | ||
| Q4 25 | 4.3% | 8.6% | ||
| Q3 25 | 3.9% | -4.1% | ||
| Q2 25 | -0.3% | 1.0% | ||
| Q1 25 | -3.0% | 3.7% | ||
| Q4 24 | 10.3% | 4.5% | ||
| Q3 24 | 12.3% | 4.0% | ||
| Q2 24 | 6.6% | — |
资本支出强度SLVMWS
| Q1 26 | — | — | ||
| Q4 25 | 6.3% | 2.8% | ||
| Q3 25 | 6.4% | 3.4% | ||
| Q2 25 | 8.3% | 5.5% | ||
| Q1 25 | 5.8% | 4.2% | ||
| Q4 24 | 6.6% | 4.7% | ||
| Q3 24 | 4.6% | 2.6% | ||
| Q2 24 | 5.7% | — |
现金转化率SLVMWS
| Q1 26 | — | — | ||
| Q4 25 | 2.85× | 5.28× | ||
| Q3 25 | 1.53× | -0.17× | ||
| Q2 25 | 4.27× | 0.97× | ||
| Q1 25 | 0.85× | 3.90× | ||
| Q4 24 | 2.02× | 5.31× | ||
| Q3 24 | 1.72× | 1.92× | ||
| 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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
