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Sylvamo Corp（SLVM）与WillScot Holdings Corp（WSC）财务数据对比。点击上方公司名可切换其他公司
Sylvamo Corp的季度营收约是WillScot Holdings Corp的1.3倍（$755.0M vs $566.0M），Sylvamo Corp净利率更高（-0.4% vs -33.1%，领先32.7%），WillScot Holdings Corp同比增速更快（-6.1% vs -8.0%），WillScot Holdings Corp自由现金流更多（$149.7M vs $-59.0M），过去两年WillScot Holdings Corp的营收复合增速更高（-1.8% 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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
SLVM vs WSC — 直观对比
营收规模更大
SLVM
是对方的1.3倍
$566.0M
营收增速更快
WSC
高出2.0%
-8.0%
净利率更高
SLVM
高出32.7%
-33.1%
自由现金流更多
WSC
多$208.7M
$-59.0M
两年增速更快
WSC
近两年复合增速
-10.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $755.0M | $566.0M |
| 净利润 | $-3.0M | $-187.3M |
| 毛利率 | — | 50.4% |
| 营业利润率 | — | -32.5% |
| 净利率 | -0.4% | -33.1% |
| 营收同比 | -8.0% | -6.1% |
| 净利润同比 | — | -310.0% |
| 每股收益（稀释后） | $-0.08 | $-1.02 |
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SLVMWSC
| Q1 26 | $755.0M | — | ||
| Q4 25 | $890.0M | $566.0M | ||
| Q3 25 | $846.0M | $566.8M | ||
| Q2 25 | $794.0M | $589.1M | ||
| Q1 25 | $821.0M | $559.6M | ||
| Q4 24 | $970.0M | $602.5M | ||
| Q3 24 | $965.0M | $601.4M | ||
| Q2 24 | $933.0M | $604.6M |
净利润SLVMWSC
| Q1 26 | $-3.0M | — | ||
| Q4 25 | $33.0M | $-187.3M | ||
| Q3 25 | $57.0M | $43.3M | ||
| Q2 25 | $15.0M | $47.9M | ||
| Q1 25 | $27.0M | $43.1M | ||
| Q4 24 | $81.0M | $89.2M | ||
| Q3 24 | $95.0M | $-70.5M | ||
| Q2 24 | $83.0M | $-46.9M |
毛利率SLVMWSC
| Q1 26 | — | — | ||
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% |
营业利润率SLVMWSC
| Q1 26 | — | — | ||
| Q4 25 | 8.9% | -32.5% | ||
| Q3 25 | 11.6% | 21.0% | ||
| Q2 25 | 3.8% | 21.5% | ||
| Q1 25 | 5.4% | 21.3% | ||
| Q4 24 | 11.2% | 28.9% | ||
| Q3 24 | 15.5% | -5.9% | ||
| Q2 24 | 13.1% | -0.9% |
净利率SLVMWSC
| Q1 26 | -0.4% | — | ||
| Q4 25 | 3.7% | -33.1% | ||
| Q3 25 | 6.7% | 7.6% | ||
| Q2 25 | 1.9% | 8.1% | ||
| Q1 25 | 3.3% | 7.7% | ||
| Q4 24 | 8.4% | 14.8% | ||
| Q3 24 | 9.8% | -11.7% | ||
| Q2 24 | 8.9% | -7.7% |
每股收益（稀释后）SLVMWSC
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $0.81 | $-1.02 | ||
| Q3 25 | $1.41 | $0.24 | ||
| Q2 25 | $0.37 | $0.26 | ||
| Q1 25 | $0.65 | $0.23 | ||
| Q4 24 | $1.91 | $0.48 | ||
| Q3 24 | $2.27 | $-0.37 | ||
| Q2 24 | $1.98 | $-0.25 |
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 | — | $14.6M |
| 总债务越低越好 | $766.0M | $3.6B |
| 股东权益账面价值 | $979.0M | $856.3M |
| 总资产 | $2.8B | $5.8B |
| 负债/权益比越低杠杆越低 | 0.78× | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资SLVMWSC
| Q1 26 | — | — | ||
| Q4 25 | $198.0M | $14.6M | ||
| Q3 25 | $146.0M | $14.8M | ||
| Q2 25 | $183.0M | $12.8M | ||
| Q1 25 | $220.0M | $10.7M | ||
| Q4 24 | $309.0M | $9.0M | ||
| Q3 24 | $414.0M | $11.0M | ||
| Q2 24 | $213.0M | $5.9M |
总债务SLVMWSC
| Q1 26 | $766.0M | — | ||
| Q4 25 | $763.0M | $3.6B | ||
| Q3 25 | $778.0M | $3.6B | ||
| Q2 25 | $767.0M | $3.7B | ||
| Q1 25 | $794.0M | $3.6B | ||
| Q4 24 | $782.0M | $3.7B | ||
| Q3 24 | $883.0M | $3.6B | ||
| Q2 24 | $894.0M | $3.5B |
股东权益SLVMWSC
| Q1 26 | $979.0M | — | ||
| Q4 25 | $966.0M | $856.3M | ||
| Q3 25 | $977.0M | $1.1B | ||
| Q2 25 | $959.0M | $1.0B | ||
| Q1 25 | $908.0M | $1.0B | ||
| Q4 24 | $847.0M | $1.0B | ||
| Q3 24 | $937.0M | $1.1B | ||
| Q2 24 | $830.0M | $1.2B |
总资产SLVMWSC
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $5.8B | ||
| Q3 25 | $2.7B | $6.1B | ||
| Q2 25 | $2.7B | $6.1B | ||
| Q1 25 | $2.6B | $6.0B | ||
| Q4 24 | $2.6B | $6.0B | ||
| Q3 24 | $2.9B | $6.0B | ||
| Q2 24 | $2.7B | $6.0B |
负债/权益比SLVMWSC
| Q1 26 | 0.78× | — | ||
| Q4 25 | 0.79× | 4.15× | ||
| Q3 25 | 0.80× | 3.39× | ||
| Q2 25 | 0.80× | 3.55× | ||
| Q1 25 | 0.87× | 3.56× | ||
| Q4 24 | 0.92× | 3.62× | ||
| Q3 24 | 0.94× | 3.42× | ||
| Q2 24 | 1.08× | 2.88× |
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 | — | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $-59.0M | $149.7M |
| 自由现金流率自由现金流/营收 | -7.8% | 26.5% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 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 | $737.7M |
8季度趋势，按日历期对齐
经营现金流SLVMWSC
| Q1 26 | — | — | ||
| Q4 25 | $94.0M | $158.9M | ||
| Q3 25 | $87.0M | $191.2M | ||
| Q2 25 | $64.0M | $205.3M | ||
| Q1 25 | $23.0M | $206.6M | ||
| Q4 24 | $164.0M | $178.9M | ||
| Q3 24 | $163.0M | $-1.6M | ||
| Q2 24 | $115.0M | $175.6M |
自由现金流SLVMWSC
| Q1 26 | $-59.0M | — | ||
| Q4 25 | $38.0M | $149.7M | ||
| Q3 25 | $33.0M | $186.9M | ||
| Q2 25 | $-2.0M | $199.0M | ||
| Q1 25 | $-25.0M | $202.0M | ||
| Q4 24 | $100.0M | $176.6M | ||
| Q3 24 | $119.0M | $-4.9M | ||
| Q2 24 | $62.0M | $169.4M |
自由现金流率SLVMWSC
| Q1 26 | -7.8% | — | ||
| Q4 25 | 4.3% | 26.5% | ||
| Q3 25 | 3.9% | 33.0% | ||
| Q2 25 | -0.3% | 33.8% | ||
| Q1 25 | -3.0% | 36.1% | ||
| Q4 24 | 10.3% | 29.3% | ||
| Q3 24 | 12.3% | -0.8% | ||
| Q2 24 | 6.6% | 28.0% |
资本支出强度SLVMWSC
| Q1 26 | — | — | ||
| Q4 25 | 6.3% | 1.6% | ||
| Q3 25 | 6.4% | 0.7% | ||
| Q2 25 | 8.3% | 1.1% | ||
| Q1 25 | 5.8% | 0.8% | ||
| Q4 24 | 6.6% | 0.4% | ||
| Q3 24 | 4.6% | 0.6% | ||
| Q2 24 | 5.7% | 1.0% |
现金转化率SLVMWSC
| Q1 26 | — | — | ||
| Q4 25 | 2.85× | — | ||
| Q3 25 | 1.53× | 4.41× | ||
| Q2 25 | 4.27× | 4.28× | ||
| Q1 25 | 0.85× | 4.80× | ||
| Q4 24 | 2.02× | 2.01× | ||
| 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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
