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Sunoco LP（SUN）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Sunoco LP的季度营收约是Smurfit Westrock的1.4倍（$10.7B vs $7.7B），Sunoco LP净利率更高（6.0% vs 0.8%，领先5.2%），Sunoco LP同比增速更快（106.4% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 31.6%）
Sunoco LP是总部位于美国得克萨斯州达拉斯的业主有限合伙企业，在特拉华州注册成立，历史最早可追溯至1886年。公司最初为垂直一体化能源企业，现已转型为燃油分销商及能源基础设施运营商，此前曾涉足油气勘探开采、炼化、化工生产及燃油零售业务，目前上述业务均已剥离。
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。
SUN vs SW — 直观对比
营收规模更大
SUN
是对方的1.4倍
$7.7B
营收增速更快
SUN
高出105.7%
0.7%
净利率更高
SUN
高出5.2%
0.8%
两年增速更快
SW
近两年复合增速
31.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.7B | $7.7B |
| 净利润 | $644.0M | $63.0M |
| 毛利率 | 13.1% | 16.4% |
| 营业利润率 | 8.1% | 3.3% |
| 净利率 | 6.0% | 0.8% |
| 营收同比 | 106.4% | 0.7% |
| 净利润同比 | 211.1% | — |
| 每股收益（稀释后） | $2.85 | $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SUNSW
| Q1 26 | $10.7B | $7.7B | ||
| Q4 25 | $8.6B | $7.6B | ||
| Q3 25 | $6.0B | $8.0B | ||
| Q2 25 | $5.4B | $7.9B | ||
| Q1 25 | $5.2B | $7.7B | ||
| Q4 24 | $5.3B | $7.5B | ||
| Q3 24 | $5.8B | $7.7B | ||
| Q2 24 | $6.2B | $3.0B |
净利润SUNSW
| Q1 26 | $644.0M | $63.0M | ||
| Q4 25 | $101.0M | $97.0M | ||
| Q3 25 | $133.0M | $246.0M | ||
| Q2 25 | $86.0M | $-28.0M | ||
| Q1 25 | $207.0M | $384.0M | ||
| Q4 24 | $141.0M | $146.0M | ||
| Q3 24 | $2.0M | $-150.0M | ||
| Q2 24 | $493.0M | $132.0M |
毛利率SUNSW
| Q1 26 | 13.1% | 16.4% | ||
| Q4 25 | 10.7% | 18.2% | ||
| Q3 25 | 10.7% | 19.6% | ||
| Q2 25 | 10.6% | 19.1% | ||
| Q1 25 | 12.6% | 20.6% | ||
| Q4 24 | 11.9% | 19.1% | ||
| Q3 24 | 7.4% | 17.6% | ||
| Q2 24 | 9.2% | 23.3% |
营业利润率SUNSW
| Q1 26 | 8.1% | 3.3% | ||
| Q4 25 | 2.1% | 5.1% | ||
| Q3 25 | 4.2% | 6.6% | ||
| Q2 25 | 3.8% | 3.2% | ||
| Q1 25 | 5.7% | 7.2% | ||
| Q4 24 | 4.5% | 5.3% | ||
| Q3 24 | 1.9% | 0.7% | ||
| Q2 24 | 2.4% | 8.2% |
净利率SUNSW
| Q1 26 | 6.0% | 0.8% | ||
| Q4 25 | 1.2% | 1.3% | ||
| Q3 25 | 2.2% | 3.1% | ||
| Q2 25 | 1.6% | -0.4% | ||
| Q1 25 | 4.0% | 5.0% | ||
| Q4 24 | 2.7% | 1.9% | ||
| Q3 24 | 0.0% | -2.0% | ||
| Q2 24 | 8.0% | 4.4% |
每股收益（稀释后）SUNSW
| Q1 26 | $2.85 | $0.12 | ||
| Q4 25 | — | $0.18 | ||
| Q3 25 | — | $0.47 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $0.73 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | — | $-0.30 | ||
| Q2 24 | — | $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 | $718.0M | — |
| 总债务越低越好 | $12.0M | $980.0M |
| 股东权益账面价值 | $8.3B | $18.1B |
| 总资产 | $30.3B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资SUNSW
| Q1 26 | $718.0M | — | ||
| Q4 25 | $891.0M | $892.0M | ||
| Q3 25 | — | $851.0M | ||
| Q2 25 | — | $778.0M | ||
| Q1 25 | — | $797.0M | ||
| Q4 24 | $94.0M | $855.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $26.8K |
总债务SUNSW
| Q1 26 | $12.0M | $980.0M | ||
| Q4 25 | $13.4B | $13.4B | ||
| Q3 25 | $9.5B | $13.3B | ||
| Q2 25 | $7.8B | $13.3B | ||
| Q1 25 | $7.7B | $12.9B | ||
| Q4 24 | $7.5B | $12.5B | ||
| Q3 24 | $7.3B | $13.2B | ||
| Q2 24 | $7.3B | — |
股东权益SUNSW
| Q1 26 | $8.3B | $18.1B | ||
| Q4 25 | — | $18.3B | ||
| Q3 25 | — | $18.4B | ||
| Q2 25 | — | $18.3B | ||
| Q1 25 | — | $17.9B | ||
| Q4 24 | — | $17.4B | ||
| Q3 24 | — | $18.0B | ||
| Q2 24 | — | $14.5K |
总资产SUNSW
| Q1 26 | $30.3B | $45.2B | ||
| Q4 25 | $28.4B | $45.2B | ||
| Q3 25 | $17.8B | $45.6B | ||
| Q2 25 | $14.4B | $45.7B | ||
| Q1 25 | $14.3B | $44.6B | ||
| Q4 24 | $14.4B | $43.8B | ||
| Q3 24 | $14.1B | $45.0B | ||
| Q2 24 | $14.5B | $26.8K |
负债/权益比SUNSW
| Q1 26 | 0.00× | 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 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | 3.24× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流SUNSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $392.0M | $1.2B | ||
| Q3 25 | $401.0M | $1.1B | ||
| Q2 25 | $243.0M | $829.0M | ||
| Q1 25 | $156.0M | $235.0M | ||
| Q4 24 | $123.0M | $781.0M | ||
| Q3 24 | $210.0M | $320.0M | ||
| Q2 24 | $-70.0M | $340.0M |
自由现金流SUNSW
| Q1 26 | — | — | ||
| Q4 25 | — | $612.0M | ||
| Q3 25 | $244.0M | $523.0M | ||
| Q2 25 | $83.0M | $307.0M | ||
| Q1 25 | $55.0M | $-242.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | $109.0M | $-192.0M | ||
| Q2 24 | $-140.0M | $163.0M |
自由现金流率SUNSW
| Q1 26 | — | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | 4.0% | 6.5% | ||
| Q2 25 | 1.5% | 3.9% | ||
| Q1 25 | 1.1% | -3.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | 1.9% | -2.5% | ||
| Q2 24 | -2.3% | 5.5% |
资本支出强度SUNSW
| Q1 26 | 0.9% | — | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | 2.6% | 7.6% | ||
| Q2 25 | 3.0% | 6.6% | ||
| Q1 25 | 2.0% | 6.2% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | 1.8% | 6.7% | ||
| Q2 24 | 1.1% | 6.0% |
现金转化率SUNSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 3.88× | 12.32× | ||
| Q3 25 | 3.02× | 4.61× | ||
| Q2 25 | 2.83× | — | ||
| Q1 25 | 0.75× | 0.61× | ||
| Q4 24 | 0.87× | 5.35× | ||
| Q3 24 | 105.00× | — | ||
| Q2 24 | -0.14× | 2.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
