vs
Smurfit Westrock（SW）与联合太平洋（UNP）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是联合太平洋的1.2倍（$7.7B vs $6.2B），联合太平洋净利率更高（27.4% vs 0.8%，领先26.5%），联合太平洋同比增速更快（3.2% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 1.7%）
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。
联合太平洋是美国一级货运铁路运营商，共运营8300台机车，线路总长超5.18万公里，覆盖芝加哥、新奥尔良以西的23个美国州，是全美规模仅次于BNSF的第二大铁路企业。
SW vs UNP — 直观对比
营收规模更大
SW
是对方的1.2倍
$6.2B
营收增速更快
UNP
高出2.4%
0.7%
净利率更高
UNP
高出26.5%
0.8%
两年增速更快
SW
近两年复合增速
1.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.7B | $6.2B |
| 净利润 | $63.0M | $1.7B |
| 毛利率 | 16.4% | — |
| 营业利润率 | 3.3% | 39.5% |
| 净利率 | 0.8% | 27.4% |
| 营收同比 | 0.7% | 3.2% |
| 净利润同比 | 0.0% | -2.1% |
| 每股收益（稀释后） | $0.12 | $2.87 |
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SWUNP
| Q1 26 | $7.7B | $6.2B | ||
| Q4 25 | $7.6B | $6.1B | ||
| Q3 25 | $8.0B | $6.2B | ||
| Q2 25 | $7.9B | $6.2B | ||
| Q1 25 | $7.7B | $6.0B | ||
| Q4 24 | $7.5B | $6.1B | ||
| Q3 24 | $7.7B | $6.1B | ||
| Q2 24 | $3.0B | $6.0B |
净利润SWUNP
| Q1 26 | $63.0M | $1.7B | ||
| Q4 25 | $97.0M | $1.8B | ||
| Q3 25 | $246.0M | $1.8B | ||
| Q2 25 | $-28.0M | $1.9B | ||
| Q1 25 | $384.0M | $1.6B | ||
| Q4 24 | $146.0M | $1.8B | ||
| Q3 24 | $-150.0M | $1.7B | ||
| Q2 24 | $132.0M | $1.7B |
毛利率SWUNP
| 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SWUNP
| Q1 26 | 3.3% | 39.5% | ||
| Q4 25 | 5.1% | 39.5% | ||
| Q3 25 | 6.6% | 40.8% | ||
| Q2 25 | 3.2% | 41.0% | ||
| Q1 25 | 7.2% | 39.3% | ||
| Q4 24 | 5.3% | 41.3% | ||
| Q3 24 | 0.7% | 39.7% | ||
| Q2 24 | 8.2% | 40.0% |
净利率SWUNP
| Q1 26 | 0.8% | 27.4% | ||
| Q4 25 | 1.3% | 30.4% | ||
| Q3 25 | 3.1% | 28.6% | ||
| Q2 25 | -0.4% | 30.5% | ||
| Q1 25 | 5.0% | 27.0% | ||
| Q4 24 | 1.9% | 28.8% | ||
| Q3 24 | -2.0% | 27.4% | ||
| Q2 24 | 4.4% | 27.9% |
每股收益（稀释后）SWUNP
| Q1 26 | $0.12 | $2.87 | ||
| Q4 25 | $0.18 | $3.12 | ||
| Q3 25 | $0.47 | $3.01 | ||
| Q2 25 | $-0.05 | $3.15 | ||
| Q1 25 | $0.73 | $2.70 | ||
| Q4 24 | $-0.12 | $2.91 | ||
| Q3 24 | $-0.30 | $2.75 | ||
| Q2 24 | $0.51 | $2.74 |
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 | — | $735.0M |
| 总债务越低越好 | $980.0M | — |
| 股东权益账面价值 | $18.1B | — |
| 总资产 | $45.2B | $69.6B |
| 负债/权益比越低杠杆越低 | 0.05× | — |
8季度趋势，按日历期对齐
现金及短期投资SWUNP
| Q1 26 | — | $735.0M | ||
| Q4 25 | $892.0M | $1.3B | ||
| Q3 25 | $851.0M | $808.0M | ||
| Q2 25 | $778.0M | $1.1B | ||
| Q1 25 | $797.0M | $1.4B | ||
| Q4 24 | $855.0M | $1.0B | ||
| Q3 24 | — | $947.0M | ||
| Q2 24 | $26.8K | $1.1B |
总债务SWUNP
| Q1 26 | $980.0M | — | ||
| Q4 25 | $13.4B | $30.3B | ||
| Q3 25 | $13.3B | $30.3B | ||
| Q2 25 | $13.3B | $30.3B | ||
| Q1 25 | $12.9B | $30.6B | ||
| Q4 24 | $12.5B | $29.8B | ||
| Q3 24 | $13.2B | $29.8B | ||
| Q2 24 | — | $31.2B |
股东权益SWUNP
| Q1 26 | $18.1B | — | ||
| Q4 25 | $18.3B | $18.5B | ||
| Q3 25 | $18.4B | $17.3B | ||
| Q2 25 | $18.3B | $16.3B | ||
| Q1 25 | $17.9B | $16.0B | ||
| Q4 24 | $17.4B | $16.9B | ||
| Q3 24 | $18.0B | $16.6B | ||
| Q2 24 | $14.5K | $16.5B |
总资产SWUNP
| Q1 26 | $45.2B | $69.6B | ||
| Q4 25 | $45.2B | $69.7B | ||
| Q3 25 | $45.6B | $68.6B | ||
| Q2 25 | $45.7B | $68.6B | ||
| Q1 25 | $44.6B | $68.5B | ||
| Q4 24 | $43.8B | $67.7B | ||
| Q3 24 | $45.0B | $67.6B | ||
| Q2 24 | $26.8K | $67.8B |
负债/权益比SWUNP
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.73× | 1.64× | ||
| Q3 25 | 0.72× | 1.75× | ||
| Q2 25 | 0.73× | 1.86× | ||
| Q1 25 | 0.72× | 1.91× | ||
| Q4 24 | 0.72× | 1.76× | ||
| Q3 24 | 0.73× | 1.79× | ||
| Q2 24 | — | 1.89× |
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 | — | $631.0M |
| 自由现金流率自由现金流/营收 | — | 10.1% |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | $4.8B |
8季度趋势，按日历期对齐
经营现金流SWUNP
| Q1 26 | $204.0M | — | ||
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.1B | $2.5B | ||
| Q2 25 | $829.0M | $2.3B | ||
| Q1 25 | $235.0M | $2.2B | ||
| Q4 24 | $781.0M | $2.7B | ||
| Q3 24 | $320.0M | $2.7B | ||
| Q2 24 | $340.0M | $1.9B |
自由现金流SWUNP
| Q1 26 | — | $631.0M | ||
| Q4 25 | $612.0M | $1.2B | ||
| Q3 25 | $523.0M | $1.6B | ||
| Q2 25 | $307.0M | $1.4B | ||
| Q1 25 | $-242.0M | $1.3B | ||
| Q4 24 | $212.0M | $1.7B | ||
| Q3 24 | $-192.0M | $1.8B | ||
| Q2 24 | $163.0M | $1.0B |
自由现金流率SWUNP
| Q1 26 | — | 10.1% | ||
| Q4 25 | 8.1% | 20.1% | ||
| Q3 25 | 6.5% | 25.2% | ||
| Q2 25 | 3.9% | 22.7% | ||
| Q1 25 | -3.2% | 21.6% | ||
| Q4 24 | 2.8% | 28.4% | ||
| Q3 24 | -2.5% | 29.9% | ||
| Q2 24 | 5.5% | 16.8% |
资本支出强度SWUNP
| Q1 26 | — | — | ||
| Q4 25 | 7.7% | 16.4% | ||
| Q3 25 | 7.6% | 15.2% | ||
| Q2 25 | 6.6% | 15.2% | ||
| Q1 25 | 6.2% | 15.0% | ||
| Q4 24 | 7.5% | 15.1% | ||
| Q3 24 | 6.7% | 13.6% | ||
| Q2 24 | 6.0% | 15.0% |
现金转化率SWUNP
| Q1 26 | 3.24× | — | ||
| Q4 25 | 12.32× | 1.20× | ||
| Q3 25 | 4.61× | 1.41× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | 0.61× | 1.36× | ||
| Q4 24 | 5.35× | 1.51× | ||
| Q3 24 | — | 1.59× | ||
| Q2 24 | 2.58× | 1.14× |
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
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
