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Smurfit Westrock（SW）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是美国合众银行的1.0倍（$7.6B vs $7.4B），美国合众银行净利率更高（27.8% vs 1.3%，领先26.5%），美国合众银行同比增速更快（5.1% vs 0.5%），过去两年Smurfit Westrock的营收复合增速更高（60.8% vs 4.7%）
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。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
SW vs USB — 直观对比
营收规模更大
SW
是对方的1.0倍
$7.4B
营收增速更快
USB
高出4.5%
0.5%
净利率更高
USB
高出26.5%
1.3%
两年增速更快
SW
近两年复合增速
4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $7.4B |
| 净利润 | $97.0M | $2.0B |
| 毛利率 | 18.2% | — |
| 营业利润率 | 5.1% | 34.4% |
| 净利率 | 1.3% | 27.8% |
| 营收同比 | 0.5% | 5.1% |
| 净利润同比 | -33.6% | 23.0% |
| 每股收益（稀释后） | $0.18 | $1.26 |
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SWUSB
| Q4 25 | $7.6B | $7.4B | ||
| Q3 25 | $8.0B | $7.3B | ||
| Q2 25 | $7.9B | $7.0B | ||
| Q1 25 | $7.7B | $7.0B | ||
| Q4 24 | $7.5B | $7.0B | ||
| Q3 24 | $7.7B | $6.9B | ||
| Q2 24 | $3.0B | $6.9B | ||
| Q1 24 | $2.9B | $6.7B |
净利润SWUSB
| Q4 25 | $97.0M | $2.0B | ||
| Q3 25 | $246.0M | $2.0B | ||
| Q2 25 | $-28.0M | $1.8B | ||
| Q1 25 | $384.0M | $1.7B | ||
| Q4 24 | $146.0M | $1.7B | ||
| Q3 24 | $-150.0M | $1.7B | ||
| Q2 24 | $132.0M | $1.6B | ||
| Q1 24 | $191.0M | $1.3B |
毛利率SWUSB
| 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% | — | ||
| Q1 24 | 24.2% | — |
营业利润率SWUSB
| Q4 25 | 5.1% | 34.4% | ||
| Q3 25 | 6.6% | 34.5% | ||
| Q2 25 | 3.2% | 32.7% | ||
| Q1 25 | 7.2% | 31.0% | ||
| Q4 24 | 5.3% | 30.1% | ||
| Q3 24 | 0.7% | 30.2% | ||
| Q2 24 | 8.2% | 29.9% | ||
| Q1 24 | 10.5% | 24.9% |
净利率SWUSB
| Q4 25 | 1.3% | 27.8% | ||
| Q3 25 | 3.1% | 27.3% | ||
| Q2 25 | -0.4% | 25.9% | ||
| Q1 25 | 5.0% | 24.6% | ||
| Q4 24 | 1.9% | 23.7% | ||
| Q3 24 | -2.0% | 25.0% | ||
| Q2 24 | 4.4% | 23.3% | ||
| Q1 24 | 6.5% | 19.6% |
每股收益（稀释后）SWUSB
| Q4 25 | $0.18 | $1.26 | ||
| Q3 25 | $0.47 | $1.22 | ||
| Q2 25 | $-0.05 | $1.11 | ||
| Q1 25 | $0.73 | $1.03 | ||
| Q4 24 | $-0.12 | $1.01 | ||
| Q3 24 | $-0.30 | $1.03 | ||
| Q2 24 | $0.51 | $0.97 | ||
| Q1 24 | $0.73 | $0.78 |
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 | $892.0M | — |
| 总债务越低越好 | $13.4B | — |
| 股东权益账面价值 | $18.3B | $65.2B |
| 总资产 | $45.2B | $692.3B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资SWUSB
| 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 | — | ||
| Q1 24 | $108 | — |
总债务SWUSB
| 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 | — | — | ||
| Q1 24 | — | — |
股东权益SWUSB
| Q4 25 | $18.3B | $65.2B | ||
| Q3 25 | $18.4B | $63.3B | ||
| Q2 25 | $18.3B | $61.4B | ||
| Q1 25 | $17.9B | $60.1B | ||
| Q4 24 | $17.4B | $58.6B | ||
| Q3 24 | $18.0B | $58.9B | ||
| Q2 24 | $14.5K | $56.4B | ||
| Q1 24 | $108 | $55.6B |
总资产SWUSB
| Q4 25 | $45.2B | $692.3B | ||
| Q3 25 | $45.6B | $695.4B | ||
| Q2 25 | $45.7B | $686.4B | ||
| Q1 25 | $44.6B | $676.5B | ||
| Q4 24 | $43.8B | $678.3B | ||
| Q3 24 | $45.0B | $686.5B | ||
| Q2 24 | $26.8K | $680.1B | ||
| Q1 24 | $108 | $683.6B |
负债/权益比SWUSB
| 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 | — | — | ||
| Q1 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 | $1.2B | $2.8B |
| 自由现金流经营现金流 - 资本支出 | $612.0M | — |
| 自由现金流率自由现金流/营收 | 8.1% | — |
| 资本支出强度资本支出/营收 | 7.7% | — |
| 现金转化率经营现金流/净利润 | 12.32× | 1.39× |
| 过去12个月自由现金流最近4个季度 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流SWUSB
| Q4 25 | $1.2B | $2.8B | ||
| Q3 25 | $1.1B | $3.4B | ||
| Q2 25 | $829.0M | $2.0B | ||
| Q1 25 | $235.0M | $-285.0M | ||
| Q4 24 | $781.0M | $4.8B | ||
| Q3 24 | $320.0M | $972.0M | ||
| Q2 24 | $340.0M | $2.9B | ||
| Q1 24 | $42.0M | $2.7B |
自由现金流SWUSB
| Q4 25 | $612.0M | — | ||
| Q3 25 | $523.0M | — | ||
| Q2 25 | $307.0M | — | ||
| Q1 25 | $-242.0M | — | ||
| Q4 24 | $212.0M | — | ||
| Q3 24 | $-192.0M | — | ||
| Q2 24 | $163.0M | — | ||
| Q1 24 | $-166.0M | — |
自由现金流率SWUSB
| Q4 25 | 8.1% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | -3.2% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | -2.5% | — | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | -5.7% | — |
资本支出强度SWUSB
| Q4 25 | 7.7% | — | ||
| Q3 25 | 7.6% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 6.2% | — | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 6.0% | — | ||
| Q1 24 | 7.1% | — |
现金转化率SWUSB
| Q4 25 | 12.32× | 1.39× | ||
| Q3 25 | 4.61× | 1.69× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | 0.61× | -0.17× | ||
| Q4 24 | 5.35× | 2.87× | ||
| Q3 24 | — | 0.57× | ||
| Q2 24 | 2.58× | 1.79× | ||
| Q1 24 | 0.22× | 2.02× |
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
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
USB
暂无分部数据
