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Smurfit Westrock（SW）与德事隆（TXT）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是德事隆的2.1倍（$7.7B vs $3.7B），德事隆净利率更高（6.0% vs 0.8%，领先5.1%），德事隆同比增速更快（11.8% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 3.8%）
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。
德事隆是总部位于美国罗德岛州普罗维登斯的工业集团，1923年由罗亚尔·利特尔创立，前身为特种纱线公司。旗下拥有贝尔德事隆、考泰斯、德事隆航空、莱康明发动机等子公司，业务覆盖25个国家，2020年员工总数超3.3万人，2021年位列美国财富500强第265位。
SW vs TXT — 直观对比
营收规模更大
SW
是对方的2.1倍
$3.7B
营收增速更快
TXT
高出11.0%
0.7%
净利率更高
TXT
高出5.1%
0.8%
两年增速更快
SW
近两年复合增速
3.8%
损益表 — Q1 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $7.7B | $3.7B |
| 净利润 | $63.0M | $220.0M |
| 毛利率 | 16.4% | — |
| 营业利润率 | 3.3% | — |
| 净利率 | 0.8% | 6.0% |
| 营收同比 | 0.7% | 11.8% |
| 净利润同比 | 0.0% | 6.3% |
| 每股收益（稀释后） | $0.12 | $1.25 |
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SWTXT
| Q1 26 | $7.7B | $3.7B | ||
| Q4 25 | $7.6B | $4.2B | ||
| Q3 25 | $8.0B | $3.6B | ||
| Q2 25 | $7.9B | $3.7B | ||
| Q1 25 | $7.7B | $3.3B | ||
| Q4 24 | $7.5B | $3.6B | ||
| Q3 24 | $7.7B | $3.4B | ||
| Q2 24 | $3.0B | — |
净利润SWTXT
| Q1 26 | $63.0M | $220.0M | ||
| Q4 25 | $97.0M | $235.0M | ||
| Q3 25 | $246.0M | $234.0M | ||
| Q2 25 | $-28.0M | $245.0M | ||
| Q1 25 | $384.0M | $207.0M | ||
| Q4 24 | $146.0M | $141.0M | ||
| Q3 24 | $-150.0M | $223.0M | ||
| Q2 24 | $132.0M | — |
毛利率SWTXT
| Q1 26 | 16.4% | — | ||
| Q4 25 | 18.2% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 19.1% | — | ||
| Q3 24 | 17.6% | — | ||
| Q2 24 | 23.3% | — |
营业利润率SWTXT
| Q1 26 | 3.3% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 5.3% | 3.6% | ||
| Q3 24 | 0.7% | 7.4% | ||
| Q2 24 | 8.2% | — |
净利率SWTXT
| Q1 26 | 0.8% | 6.0% | ||
| Q4 25 | 1.3% | 5.6% | ||
| Q3 25 | 3.1% | 6.5% | ||
| Q2 25 | -0.4% | 6.6% | ||
| Q1 25 | 5.0% | 6.3% | ||
| Q4 24 | 1.9% | 3.9% | ||
| Q3 24 | -2.0% | 6.5% | ||
| Q2 24 | 4.4% | — |
每股收益（稀释后）SWTXT
| Q1 26 | $0.12 | $1.25 | ||
| Q4 25 | $0.18 | — | ||
| Q3 25 | $0.47 | — | ||
| Q2 25 | $-0.05 | — | ||
| Q1 25 | $0.73 | $1.13 | ||
| 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 | — | $1.5B |
| 总债务越低越好 | $980.0M | $3.5B |
| 股东权益账面价值 | $18.1B | $8.0B |
| 总资产 | $45.2B | $18.1B |
| 负债/权益比越低杠杆越低 | 0.05× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资SWTXT
| Q1 26 | — | $1.5B | ||
| Q4 25 | $892.0M | — | ||
| Q3 25 | $851.0M | — | ||
| Q2 25 | $778.0M | — | ||
| Q1 25 | $797.0M | — | ||
| Q4 24 | $855.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $26.8K | — |
总债务SWTXT
| Q1 26 | $980.0M | $3.5B | ||
| Q4 25 | $13.4B | — | ||
| Q3 25 | $13.3B | — | ||
| Q2 25 | $13.3B | — | ||
| Q1 25 | $12.9B | — | ||
| Q4 24 | $12.5B | — | ||
| Q3 24 | $13.2B | — | ||
| Q2 24 | — | — |
股东权益SWTXT
| Q1 26 | $18.1B | $8.0B | ||
| Q4 25 | $18.3B | — | ||
| Q3 25 | $18.4B | $7.5B | ||
| Q2 25 | $18.3B | $7.4B | ||
| Q1 25 | $17.9B | $7.3B | ||
| Q4 24 | $17.4B | $7.2B | ||
| Q3 24 | $18.0B | $7.0B | ||
| Q2 24 | $14.5K | — |
总资产SWTXT
| Q1 26 | $45.2B | $18.1B | ||
| Q4 25 | $45.2B | — | ||
| Q3 25 | $45.6B | $17.4B | ||
| Q2 25 | $45.7B | $17.1B | ||
| Q1 25 | $44.6B | $16.9B | ||
| Q4 24 | $43.8B | $16.8B | ||
| Q3 24 | $45.0B | $16.5B | ||
| Q2 24 | $26.8K | — |
负债/权益比SWTXT
| Q1 26 | 0.05× | 0.43× | ||
| 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 | — | 3.6% |
| 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SWTXT
| Q1 26 | $204.0M | — | ||
| Q4 25 | $1.2B | $700.0M | ||
| Q3 25 | $1.1B | $349.0M | ||
| Q2 25 | $829.0M | $387.0M | ||
| Q1 25 | $235.0M | $-124.0M | ||
| Q4 24 | $781.0M | $446.0M | ||
| Q3 24 | $320.0M | $208.0M | ||
| Q2 24 | $340.0M | — |
自由现金流SWTXT
| Q1 26 | — | — | ||
| Q4 25 | $612.0M | $527.0M | ||
| Q3 25 | $523.0M | $273.0M | ||
| Q2 25 | $307.0M | $309.0M | ||
| Q1 25 | $-242.0M | $-180.0M | ||
| Q4 24 | $212.0M | $293.0M | ||
| Q3 24 | $-192.0M | $137.0M | ||
| Q2 24 | $163.0M | — |
自由现金流率SWTXT
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 12.6% | ||
| Q3 25 | 6.5% | 7.6% | ||
| Q2 25 | 3.9% | 8.3% | ||
| Q1 25 | -3.2% | -5.4% | ||
| Q4 24 | 2.8% | 8.1% | ||
| Q3 24 | -2.5% | 4.0% | ||
| Q2 24 | 5.5% | — |
资本支出强度SWTXT
| Q1 26 | — | 3.6% | ||
| Q4 25 | 7.7% | 4.1% | ||
| Q3 25 | 7.6% | 2.1% | ||
| Q2 25 | 6.6% | 2.1% | ||
| Q1 25 | 6.2% | 1.7% | ||
| Q4 24 | 7.5% | 4.2% | ||
| Q3 24 | 6.7% | 2.1% | ||
| Q2 24 | 6.0% | — |
现金转化率SWTXT
| Q1 26 | 3.24× | — | ||
| Q4 25 | 12.32× | 2.98× | ||
| Q3 25 | 4.61× | 1.49× | ||
| Q2 25 | — | 1.58× | ||
| Q1 25 | 0.61× | -0.60× | ||
| Q4 24 | 5.35× | 3.16× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | 2.58× | — |
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
TXT
| Textron Aviation (a) | $1.5B | 40% |
| Bell | $1.1B | 29% |
| Industrial | $786.0M | 21% |
| Textron Systems (a) | $338.0M | 9% |
| FINANCE | $16.0M | 0% |
