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Smurfit Westrock（SW）与泰森食品（TSN）财务数据对比。点击上方公司名可切换其他公司
泰森食品的季度营收约是Smurfit Westrock的1.9倍（$14.3B vs $7.7B），Smurfit Westrock净利率更高（0.8% vs 0.6%，领先0.2%），泰森食品同比增速更快（5.1% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 4.6%）
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。
泰森食品是总部位于美国阿肯色州斯普林代尔的跨国食品企业，是仅次于JBS的全球第二大鸡肉、牛肉、猪肉加工销售商，同时是美国规模最大的肉类企业，常年位居美国牛肉出口占比首位，旗下运营泰森、Jimmy Dean、Hillshire Farm等多个知名食品品牌。
SW vs TSN — 直观对比
营收规模更大
TSN
是对方的1.9倍
$7.7B
营收增速更快
TSN
高出4.3%
0.7%
净利率更高
SW
高出0.2%
0.6%
两年增速更快
SW
近两年复合增速
4.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.7B | $14.3B |
| 净利润 | $63.0M | $85.0M |
| 毛利率 | 16.4% | 5.6% |
| 营业利润率 | 3.3% | 2.1% |
| 净利率 | 0.8% | 0.6% |
| 营收同比 | 0.7% | 5.1% |
| 净利润同比 | 0.0% | -76.3% |
| 每股收益（稀释后） | $0.12 | $0.24 |
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SWTSN
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.6B | $14.3B | ||
| Q3 25 | $8.0B | $13.9B | ||
| Q2 25 | $7.9B | $13.9B | ||
| Q1 25 | $7.7B | $13.1B | ||
| Q4 24 | $7.5B | $13.6B | ||
| Q3 24 | $7.7B | $13.6B | ||
| Q2 24 | $3.0B | $13.4B |
净利润SWTSN
| Q1 26 | $63.0M | — | ||
| Q4 25 | $97.0M | $85.0M | ||
| Q3 25 | $246.0M | $47.0M | ||
| Q2 25 | $-28.0M | $61.0M | ||
| Q1 25 | $384.0M | $7.0M | ||
| Q4 24 | $146.0M | $359.0M | ||
| Q3 24 | $-150.0M | $357.0M | ||
| Q2 24 | $132.0M | $191.0M |
毛利率SWTSN
| Q1 26 | 16.4% | — | ||
| Q4 25 | 18.2% | 5.6% | ||
| Q3 25 | 19.6% | 5.2% | ||
| Q2 25 | 19.1% | 8.2% | ||
| Q1 25 | 20.6% | 4.6% | ||
| Q4 24 | 19.1% | 8.0% | ||
| Q3 24 | 17.6% | 7.8% | ||
| Q2 24 | 23.3% | 6.6% |
营业利润率SWTSN
| Q1 26 | 3.3% | — | ||
| Q4 25 | 5.1% | 2.1% | ||
| Q3 25 | 6.6% | 1.1% | ||
| Q2 25 | 3.2% | 1.9% | ||
| Q1 25 | 7.2% | 0.8% | ||
| Q4 24 | 5.3% | 4.3% | ||
| Q3 24 | 0.7% | 3.9% | ||
| Q2 24 | 8.2% | 2.6% |
净利率SWTSN
| Q1 26 | 0.8% | — | ||
| Q4 25 | 1.3% | 0.6% | ||
| Q3 25 | 3.1% | 0.3% | ||
| Q2 25 | -0.4% | 0.4% | ||
| Q1 25 | 5.0% | 0.1% | ||
| Q4 24 | 1.9% | 2.6% | ||
| Q3 24 | -2.0% | 2.6% | ||
| Q2 24 | 4.4% | 1.4% |
每股收益（稀释后）SWTSN
| Q1 26 | $0.12 | — | ||
| Q4 25 | $0.18 | $0.24 | ||
| Q3 25 | $0.47 | $0.13 | ||
| Q2 25 | $-0.05 | $0.17 | ||
| Q1 25 | $0.73 | $0.02 | ||
| Q4 24 | $-0.12 | $1.01 | ||
| Q3 24 | $-0.30 | $1.00 | ||
| Q2 24 | $0.51 | $0.54 |
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 | — | $1.3B |
| 总债务越低越好 | $980.0M | $7.5B |
| 股东权益账面价值 | $18.1B | $18.0B |
| 总资产 | $45.2B | $36.0B |
| 负债/权益比越低杠杆越低 | 0.05× | 0.41× |
8季度趋势，按日历期对齐
现金及短期投资SWTSN
| Q1 26 | — | — | ||
| Q4 25 | $892.0M | $1.3B | ||
| Q3 25 | $851.0M | $1.2B | ||
| Q2 25 | $778.0M | $1.5B | ||
| Q1 25 | $797.0M | $992.0M | ||
| Q4 24 | $855.0M | $2.3B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $26.8K | $2.6B |
总债务SWTSN
| Q1 26 | $980.0M | — | ||
| Q4 25 | $13.4B | $7.5B | ||
| Q3 25 | $13.3B | $7.9B | ||
| Q2 25 | $13.3B | $8.2B | ||
| Q1 25 | $12.9B | $8.2B | ||
| Q4 24 | $12.5B | $9.7B | ||
| Q3 24 | $13.2B | $9.7B | ||
| Q2 24 | — | $9.7B |
股东权益SWTSN
| Q1 26 | $18.1B | — | ||
| Q4 25 | $18.3B | $18.0B | ||
| Q3 25 | $18.4B | $18.1B | ||
| Q2 25 | $18.3B | $18.3B | ||
| Q1 25 | $17.9B | $18.4B | ||
| Q4 24 | $17.4B | $18.5B | ||
| Q3 24 | $18.0B | $18.4B | ||
| Q2 24 | $14.5K | $18.1B |
总资产SWTSN
| Q1 26 | $45.2B | — | ||
| Q4 25 | $45.2B | $36.0B | ||
| Q3 25 | $45.6B | $36.7B | ||
| Q2 25 | $45.7B | $36.5B | ||
| Q1 25 | $44.6B | $36.3B | ||
| Q4 24 | $43.8B | $37.3B | ||
| Q3 24 | $45.0B | $37.1B | ||
| Q2 24 | $26.8K | $37.7B |
负债/权益比SWTSN
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.73× | 0.41× | ||
| Q3 25 | 0.72× | 0.44× | ||
| Q2 25 | 0.73× | 0.45× | ||
| Q1 25 | 0.72× | 0.44× | ||
| Q4 24 | 0.72× | 0.52× | ||
| Q3 24 | 0.73× | 0.53× | ||
| Q2 24 | — | 0.54× |
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 | $942.0M |
| 自由现金流经营现金流 - 资本支出 | — | $690.0M |
| 自由现金流率自由现金流/营收 | — | 4.8% |
| 资本支出强度资本支出/营收 | — | 1.8% |
| 现金转化率经营现金流/净利润 | 3.24× | 11.08× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流SWTSN
| Q1 26 | $204.0M | — | ||
| Q4 25 | $1.2B | $942.0M | ||
| Q3 25 | $1.1B | $535.0M | ||
| Q2 25 | $829.0M | $774.0M | ||
| Q1 25 | $235.0M | $-185.0M | ||
| Q4 24 | $781.0M | $1.0B | ||
| Q3 24 | $320.0M | $617.0M | ||
| Q2 24 | $340.0M | $796.0M |
自由现金流SWTSN
| Q1 26 | — | — | ||
| Q4 25 | $612.0M | $690.0M | ||
| Q3 25 | $523.0M | $248.0M | ||
| Q2 25 | $307.0M | $547.0M | ||
| Q1 25 | $-242.0M | $-378.0M | ||
| Q4 24 | $212.0M | $760.0M | ||
| Q3 24 | $-192.0M | $369.0M | ||
| Q2 24 | $163.0M | $533.0M |
自由现金流率SWTSN
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 4.8% | ||
| Q3 25 | 6.5% | 1.8% | ||
| Q2 25 | 3.9% | 3.9% | ||
| Q1 25 | -3.2% | -2.9% | ||
| Q4 24 | 2.8% | 5.6% | ||
| Q3 24 | -2.5% | 2.7% | ||
| Q2 24 | 5.5% | 4.0% |
资本支出强度SWTSN
| Q1 26 | — | — | ||
| Q4 25 | 7.7% | 1.8% | ||
| Q3 25 | 7.6% | 2.1% | ||
| Q2 25 | 6.6% | 1.6% | ||
| Q1 25 | 6.2% | 1.5% | ||
| Q4 24 | 7.5% | 2.0% | ||
| Q3 24 | 6.7% | 1.8% | ||
| Q2 24 | 6.0% | 2.0% |
现金转化率SWTSN
| Q1 26 | 3.24× | — | ||
| Q4 25 | 12.32× | 11.08× | ||
| Q3 25 | 4.61× | 11.38× | ||
| Q2 25 | — | 12.69× | ||
| Q1 25 | 0.61× | -26.43× | ||
| Q4 24 | 5.35× | 2.87× | ||
| Q3 24 | — | 1.73× | ||
| Q2 24 | 2.58× | 4.17× |
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
SW
暂无分部数据
TSN
| Beef | $5.8B | 40% |
| Retail Sales Channel | $2.9B | 20% |
| Pork | $1.6B | 11% |
| Foodservice Sales Channel | $1.6B | 11% |
| Other | $776.0M | 5% |
| Industrialand Other Sales Channel | $575.0M | 4% |
| International Sales Channel | $542.0M | 4% |
| Intersegment Revenues | $534.0M | 4% |
