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Smurfit Westrock（SW）与标普全球（VG）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是标普全球的1.7倍（$7.7B vs $4.4B），标普全球净利率更高（26.8% vs 0.8%，领先26.0%），标普全球同比增速更快（191.7% vs 0.7%），过去两年标普全球的营收复合增速更高（77.3% vs 61.2%）
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。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
SW vs VG — 直观对比
营收规模更大
SW
是对方的1.7倍
$4.4B
营收增速更快
VG
高出190.9%
0.7%
净利率更高
VG
高出26.0%
0.8%
两年增速更快
VG
近两年复合增速
61.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.7B | $4.4B |
| 净利润 | $63.0M | $1.2B |
| 毛利率 | 16.4% | — |
| 营业利润率 | 3.3% | 38.7% |
| 净利率 | 0.8% | 26.8% |
| 营收同比 | 0.7% | 191.7% |
| 净利润同比 | 0.0% | 20.3% |
| 每股收益（稀释后） | $0.12 | $0.41 |
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SWVG
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.6B | $4.4B | ||
| Q3 25 | $8.0B | $3.3B | ||
| Q2 25 | $7.9B | $3.1B | ||
| Q1 25 | $7.7B | $2.9B | ||
| Q4 24 | $7.5B | $1.5B | ||
| Q3 24 | $7.7B | $926.0M | ||
| Q2 24 | $3.0B | $1.1B |
净利润SWVG
| Q1 26 | $63.0M | — | ||
| Q4 25 | $97.0M | $1.2B | ||
| Q3 25 | $246.0M | $550.0M | ||
| Q2 25 | $-28.0M | $475.0M | ||
| Q1 25 | $384.0M | $517.0M | ||
| Q4 24 | $146.0M | $990.0M | ||
| Q3 24 | $-150.0M | $-294.0M | ||
| Q2 24 | $132.0M | $352.0M |
毛利率SWVG
| 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SWVG
| Q1 26 | 3.3% | — | ||
| Q4 25 | 5.1% | 38.7% | ||
| Q3 25 | 6.6% | 39.7% | ||
| Q2 25 | 3.2% | 33.5% | ||
| Q1 25 | 7.2% | 37.3% | ||
| Q4 24 | 5.3% | 39.0% | ||
| Q3 24 | 0.7% | 20.4% | ||
| Q2 24 | 8.2% | 32.8% |
净利率SWVG
| Q1 26 | 0.8% | — | ||
| Q4 25 | 1.3% | 26.8% | ||
| Q3 25 | 3.1% | 16.5% | ||
| Q2 25 | -0.4% | 15.3% | ||
| Q1 25 | 5.0% | 17.9% | ||
| Q4 24 | 1.9% | 65.0% | ||
| Q3 24 | -2.0% | -31.7% | ||
| Q2 24 | 4.4% | 31.8% |
每股收益（稀释后）SWVG
| Q1 26 | $0.12 | — | ||
| Q4 25 | $0.18 | $0.41 | ||
| Q3 25 | $0.47 | $0.16 | ||
| Q2 25 | $-0.05 | $0.14 | ||
| Q1 25 | $0.73 | $0.15 | ||
| Q4 24 | $-0.12 | $0.35 | ||
| Q3 24 | $-0.30 | $-0.15 | ||
| Q2 24 | $0.51 | $0.12 |
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 | — | $2.4B |
| 总债务越低越好 | $980.0M | $34.2B |
| 股东权益账面价值 | $18.1B | $6.7B |
| 总资产 | $45.2B | $53.4B |
| 负债/权益比越低杠杆越低 | 0.05× | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资SWVG
| Q1 26 | — | — | ||
| Q4 25 | $892.0M | $2.4B | ||
| Q3 25 | $851.0M | $1.9B | ||
| Q2 25 | $778.0M | $2.2B | ||
| Q1 25 | $797.0M | $3.6B | ||
| Q4 24 | $855.0M | $3.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | $26.8K | — |
总债务SWVG
| Q1 26 | $980.0M | — | ||
| Q4 25 | $13.4B | $34.2B | ||
| Q3 25 | $13.3B | $32.6B | ||
| Q2 25 | $13.3B | $30.0B | ||
| Q1 25 | $12.9B | $29.3B | ||
| Q4 24 | $12.5B | $29.3B | ||
| Q3 24 | $13.2B | — | ||
| Q2 24 | — | — |
股东权益SWVG
| Q1 26 | $18.1B | — | ||
| Q4 25 | $18.3B | $6.7B | ||
| Q3 25 | $18.4B | $5.7B | ||
| Q2 25 | $18.3B | $5.3B | ||
| Q1 25 | $17.9B | $4.9B | ||
| Q4 24 | $17.4B | $2.9B | ||
| Q3 24 | $18.0B | — | ||
| Q2 24 | $14.5K | — |
总资产SWVG
| Q1 26 | $45.2B | — | ||
| Q4 25 | $45.2B | $53.4B | ||
| Q3 25 | $45.6B | $50.1B | ||
| Q2 25 | $45.7B | $46.5B | ||
| Q1 25 | $44.6B | $45.1B | ||
| Q4 24 | $43.8B | $43.5B | ||
| Q3 24 | $45.0B | — | ||
| Q2 24 | $26.8K | — |
负债/权益比SWVG
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.73× | 5.07× | ||
| Q3 25 | 0.72× | 5.73× | ||
| Q2 25 | 0.73× | 5.69× | ||
| Q1 25 | 0.72× | 6.01× | ||
| Q4 24 | 0.72× | 10.11× | ||
| 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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.5B |
| 自由现金流率自由现金流/营收 | — | -34.1% |
| 资本支出强度资本支出/营收 | — | 81.6% |
| 现金转化率经营现金流/净利润 | 3.24× | 1.77× |
| 过去12个月自由现金流最近4个季度 | — | $-6.8B |
8季度趋势，按日历期对齐
经营现金流SWVG
| Q1 26 | $204.0M | — | ||
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $829.0M | $1.5B | ||
| Q1 25 | $235.0M | $1.1B | ||
| Q4 24 | $781.0M | — | ||
| Q3 24 | $320.0M | — | ||
| Q2 24 | $340.0M | — |
自由现金流SWVG
| Q1 26 | — | — | ||
| Q4 25 | $612.0M | $-1.5B | ||
| Q3 25 | $523.0M | $-1.4B | ||
| Q2 25 | $307.0M | $-1.5B | ||
| Q1 25 | $-242.0M | $-2.4B | ||
| Q4 24 | $212.0M | — | ||
| Q3 24 | $-192.0M | — | ||
| Q2 24 | $163.0M | — |
自由现金流率SWVG
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | -34.1% | ||
| Q3 25 | 6.5% | -42.4% | ||
| Q2 25 | 3.9% | -49.1% | ||
| Q1 25 | -3.2% | -81.3% | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | -2.5% | — | ||
| Q2 24 | 5.5% | — |
资本支出强度SWVG
| Q1 26 | — | — | ||
| Q4 25 | 7.7% | 81.6% | ||
| Q3 25 | 7.6% | 98.9% | ||
| Q2 25 | 6.6% | 96.1% | ||
| Q1 25 | 6.2% | 119.8% | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 6.0% | — |
现金转化率SWVG
| Q1 26 | 3.24× | — | ||
| Q4 25 | 12.32× | 1.77× | ||
| Q3 25 | 4.61× | 3.42× | ||
| Q2 25 | — | 3.07× | ||
| Q1 25 | 0.61× | 2.15× | ||
| Q4 24 | 5.35× | — | ||
| Q3 24 | — | — | ||
| 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
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
