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Smurfit Westrock（SW）与WESCO INTERNATIONAL INC（WCC）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WESCO INTERNATIONAL INC的1.3倍（$7.7B vs $6.1B），WESCO INTERNATIONAL INC净利率更高（2.5% vs 0.8%，领先1.7%），WESCO INTERNATIONAL INC同比增速更快（13.8% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 5.3%）
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。
WESCO国际是一家美国上市控股公司，旗下子公司WESCO Distribution主营电气产品分销及相关服务，总部位于宾夕法尼亚州匹兹堡市，可为工业、基建、商业等多领域客户提供一站式电气供应链解决方案与技术支持服务。
SW vs WCC — 直观对比
营收规模更大
SW
是对方的1.3倍
$6.1B
营收增速更快
WCC
高出13.1%
0.7%
净利率更高
WCC
高出1.7%
0.8%
两年增速更快
SW
近两年复合增速
5.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.7B | $6.1B |
| 净利润 | $63.0M | $153.8M |
| 毛利率 | 16.4% | 21.2% |
| 营业利润率 | 3.3% | 4.8% |
| 净利率 | 0.8% | 2.5% |
| 营收同比 | 0.7% | 13.8% |
| 净利润同比 | 0.0% | 47.9% |
| 每股收益（稀释后） | $0.12 | — |
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SWWCC
| Q1 26 | $7.7B | $6.1B | ||
| Q4 25 | $7.6B | $6.1B | ||
| Q3 25 | $8.0B | $6.2B | ||
| Q2 25 | $7.9B | $5.9B | ||
| Q1 25 | $7.7B | $5.3B | ||
| Q4 24 | $7.5B | $5.5B | ||
| Q3 24 | $7.7B | $5.5B | ||
| Q2 24 | $3.0B | $5.5B |
净利润SWWCC
| Q1 26 | $63.0M | $153.8M | ||
| Q4 25 | $97.0M | $159.8M | ||
| Q3 25 | $246.0M | $187.5M | ||
| Q2 25 | $-28.0M | $174.5M | ||
| Q1 25 | $384.0M | $118.4M | ||
| Q4 24 | $146.0M | $165.4M | ||
| Q3 24 | $-150.0M | $204.3M | ||
| Q2 24 | $132.0M | $232.1M |
毛利率SWWCC
| Q1 26 | 16.4% | 21.2% | ||
| Q4 25 | 18.2% | 21.2% | ||
| Q3 25 | 19.6% | 21.3% | ||
| Q2 25 | 19.1% | 21.1% | ||
| Q1 25 | 20.6% | 21.1% | ||
| Q4 24 | 19.1% | 21.2% | ||
| Q3 24 | 17.6% | 22.1% | ||
| Q2 24 | 23.3% | 21.9% |
营业利润率SWWCC
| Q1 26 | 3.3% | 4.8% | ||
| Q4 25 | 5.1% | 5.3% | ||
| Q3 25 | 6.6% | 5.6% | ||
| Q2 25 | 3.2% | 5.5% | ||
| Q1 25 | 7.2% | 4.5% | ||
| Q4 24 | 5.3% | 5.5% | ||
| Q3 24 | 0.7% | 6.1% | ||
| Q2 24 | 8.2% | 5.9% |
净利率SWWCC
| Q1 26 | 0.8% | 2.5% | ||
| Q4 25 | 1.3% | 2.6% | ||
| Q3 25 | 3.1% | 3.0% | ||
| Q2 25 | -0.4% | 3.0% | ||
| Q1 25 | 5.0% | 2.2% | ||
| Q4 24 | 1.9% | 3.0% | ||
| Q3 24 | -2.0% | 3.7% | ||
| Q2 24 | 4.4% | 4.2% |
每股收益（稀释后）SWWCC
| Q1 26 | $0.12 | — | ||
| Q4 25 | $0.18 | $3.33 | ||
| Q3 25 | $0.47 | $3.79 | ||
| Q2 25 | $-0.05 | $3.83 | ||
| Q1 25 | $0.73 | $2.10 | ||
| Q4 24 | $-0.12 | $3.01 | ||
| Q3 24 | $-0.30 | $3.81 | ||
| Q2 24 | $0.51 | $4.28 |
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 | — | $696.6M |
| 总债务越低越好 | $980.0M | — |
| 股东权益账面价值 | $18.1B | $5.1B |
| 总资产 | $45.2B | $17.0B |
| 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SWWCC
| Q1 26 | — | $696.6M | ||
| 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SWWCC
| Q1 26 | $980.0M | — | ||
| 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SWWCC
| Q1 26 | $18.1B | $5.1B | ||
| Q4 25 | $18.3B | $5.0B | ||
| Q3 25 | $18.4B | $4.8B | ||
| Q2 25 | $18.3B | $4.8B | ||
| Q1 25 | $17.9B | $5.0B | ||
| Q4 24 | $17.4B | $5.0B | ||
| Q3 24 | $18.0B | $5.0B | ||
| Q2 24 | $14.5K | $4.9B |
总资产SWWCC
| Q1 26 | $45.2B | $17.0B | ||
| Q4 25 | $45.2B | $16.5B | ||
| Q3 25 | $45.6B | $16.6B | ||
| Q2 25 | $45.7B | $16.2B | ||
| Q1 25 | $44.6B | $15.5B | ||
| Q4 24 | $43.8B | $15.1B | ||
| Q3 24 | $45.0B | $15.3B | ||
| Q2 24 | $26.8K | $15.1B |
负债/权益比SWWCC
| Q1 26 | 0.05× | — | ||
| 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 | $221.4M |
| 自由现金流经营现金流 - 资本支出 | — | $213.4M |
| 自由现金流率自由现金流/营收 | — | 3.5% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | 3.24× | 1.44× |
| 过去12个月自由现金流最近4个季度 | — | $231.0M |
8季度趋势，按日历期对齐
经营现金流SWWCC
| Q1 26 | $204.0M | $221.4M | ||
| Q4 25 | $1.2B | $71.9M | ||
| Q3 25 | $1.1B | $-82.7M | ||
| Q2 25 | $829.0M | $107.8M | ||
| Q1 25 | $235.0M | $28.0M | ||
| Q4 24 | $781.0M | $276.6M | ||
| Q3 24 | $320.0M | $302.1M | ||
| Q2 24 | $340.0M | $-223.8M |
自由现金流SWWCC
| Q1 26 | — | $213.4M | ||
| Q4 25 | $612.0M | $27.5M | ||
| Q3 25 | $523.0M | $-95.9M | ||
| Q2 25 | $307.0M | $86.0M | ||
| Q1 25 | $-242.0M | $7.6M | ||
| Q4 24 | $212.0M | $252.3M | ||
| Q3 24 | $-192.0M | $272.9M | ||
| Q2 24 | $163.0M | $-244.6M |
自由现金流率SWWCC
| Q1 26 | — | 3.5% | ||
| Q4 25 | 8.1% | 0.5% | ||
| Q3 25 | 6.5% | -1.5% | ||
| Q2 25 | 3.9% | 1.5% | ||
| Q1 25 | -3.2% | 0.1% | ||
| Q4 24 | 2.8% | 4.6% | ||
| Q3 24 | -2.5% | 5.0% | ||
| Q2 24 | 5.5% | -4.5% |
资本支出强度SWWCC
| Q1 26 | — | 0.4% | ||
| Q4 25 | 7.7% | 0.7% | ||
| Q3 25 | 7.6% | 0.2% | ||
| Q2 25 | 6.6% | 0.4% | ||
| Q1 25 | 6.2% | 0.4% | ||
| Q4 24 | 7.5% | 0.4% | ||
| Q3 24 | 6.7% | 0.5% | ||
| Q2 24 | 6.0% | 0.4% |
现金转化率SWWCC
| Q1 26 | 3.24× | 1.44× | ||
| Q4 25 | 12.32× | 0.45× | ||
| Q3 25 | 4.61× | -0.44× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | 0.61× | 0.24× | ||
| Q4 24 | 5.35× | 1.67× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | 2.58× | -0.96× |
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
WCC
| CSS | $2.5B | 41% |
| EES | $2.2B | 37% |
| UBS | $1.4B | 22% |
