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安朗杰（ALLE）与林肯电气（LECO）财务数据对比。点击上方公司名可切换其他公司
林肯电气的季度营收约是安朗杰的1.0倍（$1.1B vs $1.0B）。安朗杰净利率更高（14.3% vs 12.6%，领先1.7%）。安朗杰同比增速更快（9.3% vs 5.5%）。安朗杰自由现金流更多（$200.5M vs $52.0M）。过去两年安朗杰的营收复合增速更高（7.5% vs 4.9%）
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
林肯电气是美国跨国焊接产品制造企业，总部位于俄亥俄州欧几里得市，主营弧焊设备、焊接配件、等离子及氧燃料切割设备、焊接机器人系统等，业务覆盖160余个国家和地区，在全球设有42个生产基地，同时在19个国家布局了生产联盟及合资企业。
ALLE vs LECO — 直观对比
营收规模更大
LECO
是对方的1.0倍
$1.0B
营收增速更快
ALLE
高出3.7%
5.5%
净利率更高
ALLE
高出1.7%
12.6%
自由现金流更多
ALLE
多$148.5M
$52.0M
两年增速更快
ALLE
近两年复合增速
4.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.1B |
| 净利润 | $147.5M | $136.0M |
| 毛利率 | 44.5% | 34.7% |
| 营业利润率 | 20.3% | 17.1% |
| 净利率 | 14.3% | 12.6% |
| 营收同比 | 9.3% | 5.5% |
| 净利润同比 | 2.4% | -3.0% |
| 每股收益（稀释后） | $1.70 | $2.45 |
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ALLELECO
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $941.9M | $1.0B | ||
| Q4 24 | $945.6M | $1.0B | ||
| Q3 24 | $967.1M | $983.8M | ||
| Q2 24 | $965.6M | $1.0B | ||
| Q1 24 | $893.9M | $981.2M |
净利润ALLELECO
| Q4 25 | $147.5M | $136.0M | ||
| Q3 25 | $188.4M | $122.6M | ||
| Q2 25 | $159.7M | $143.4M | ||
| Q1 25 | $148.2M | $118.5M | ||
| Q4 24 | $144.1M | $140.2M | ||
| Q3 24 | $174.2M | $100.8M | ||
| Q2 24 | $155.4M | $101.7M | ||
| Q1 24 | $123.8M | $123.4M |
毛利率ALLELECO
| Q4 25 | 44.5% | 34.7% | ||
| Q3 25 | 45.8% | 36.7% | ||
| Q2 25 | 45.6% | 37.3% | ||
| Q1 25 | 44.9% | 36.4% | ||
| Q4 24 | 44.1% | 36.1% | ||
| Q3 24 | 44.7% | 35.8% | ||
| Q2 24 | 44.4% | 37.6% | ||
| Q1 24 | 43.8% | 37.5% |
营业利润率ALLELECO
| Q4 25 | 20.3% | 17.1% | ||
| Q3 25 | 21.8% | 16.6% | ||
| Q2 25 | 21.5% | 17.6% | ||
| Q1 25 | 20.9% | 16.4% | ||
| Q4 24 | 19.5% | 17.3% | ||
| Q3 24 | 22.2% | 14.8% | ||
| Q2 24 | 21.6% | 14.6% | ||
| Q1 24 | 19.3% | 16.8% |
净利率ALLELECO
| Q4 25 | 14.3% | 12.6% | ||
| Q3 25 | 17.6% | 11.6% | ||
| Q2 25 | 15.6% | 13.2% | ||
| Q1 25 | 15.7% | 11.8% | ||
| Q4 24 | 15.2% | 13.7% | ||
| Q3 24 | 18.0% | 10.2% | ||
| Q2 24 | 16.1% | 10.0% | ||
| Q1 24 | 13.8% | 12.6% |
每股收益（稀释后）ALLELECO
| Q4 25 | $1.70 | $2.45 | ||
| Q3 25 | $2.18 | $2.21 | ||
| Q2 25 | $1.85 | $2.56 | ||
| Q1 25 | $1.71 | $2.10 | ||
| Q4 24 | $1.65 | $2.47 | ||
| Q3 24 | $1.99 | $1.77 | ||
| Q2 24 | $1.77 | $1.77 | ||
| Q1 24 | $1.41 | $2.14 |
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 | $356.2M | $308.8M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.1B | $1.5B |
| 总资产 | $5.2B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.96× | — |
8季度趋势，按日历期对齐
现金及短期投资ALLELECO
| Q4 25 | $356.2M | $308.8M | ||
| Q3 25 | $302.7M | $293.0M | ||
| Q2 25 | $656.8M | $299.5M | ||
| Q1 25 | $494.5M | $394.7M | ||
| Q4 24 | $503.8M | $377.3M | ||
| Q3 24 | $878.9M | $404.2M | ||
| Q2 24 | $747.5M | $272.7M | ||
| Q1 24 | $391.8M | $375.0M |
总债务ALLELECO
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.0B | — |
股东权益ALLELECO
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.4B | $1.3B |
总资产ALLELECO
| Q4 25 | $5.2B | $3.8B | ||
| Q3 25 | $5.2B | $3.8B | ||
| Q2 25 | $4.9B | $3.7B | ||
| Q1 25 | $4.6B | $3.6B | ||
| Q4 24 | $4.5B | $3.5B | ||
| Q3 24 | $5.0B | $3.7B | ||
| Q2 24 | $4.8B | $3.4B | ||
| Q1 24 | $4.3B | $3.4B |
负债/权益比ALLELECO
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | 1.53× | — | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 1.49× | — |
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 | $240.1M | $95.0M |
| 自由现金流经营现金流 - 资本支出 | $200.5M | $52.0M |
| 自由现金流率自由现金流/营收 | 19.4% | 4.8% |
| 资本支出强度资本支出/营收 | 3.8% | 4.0% |
| 现金转化率经营现金流/净利润 | 1.63× | 0.70× |
| 过去12个月自由现金流最近4个季度 | $685.7M | $534.2M |
8季度趋势，按日历期对齐
经营现金流ALLELECO
| Q4 25 | $240.1M | $95.0M | ||
| Q3 25 | $229.5M | $236.7M | ||
| Q2 25 | $209.7M | $143.8M | ||
| Q1 25 | $104.5M | $185.7M | ||
| Q4 24 | $219.0M | $95.8M | ||
| Q3 24 | $231.9M | $199.2M | ||
| Q2 24 | $173.0M | $170.7M | ||
| Q1 24 | $51.1M | $133.3M |
自由现金流ALLELECO
| Q4 25 | $200.5M | $52.0M | ||
| Q3 25 | $209.8M | $205.1M | ||
| Q2 25 | $192.0M | $118.4M | ||
| Q1 25 | $83.4M | $158.7M | ||
| Q4 24 | $194.9M | $64.3M | ||
| Q3 24 | $212.0M | $163.5M | ||
| Q2 24 | $152.1M | $147.5M | ||
| Q1 24 | $23.9M | $107.0M |
自由现金流率ALLELECO
| Q4 25 | 19.4% | 4.8% | ||
| Q3 25 | 19.6% | 19.3% | ||
| Q2 25 | 18.8% | 10.9% | ||
| Q1 25 | 8.9% | 15.8% | ||
| Q4 24 | 20.6% | 6.3% | ||
| Q3 24 | 21.9% | 16.6% | ||
| Q2 24 | 15.8% | 14.4% | ||
| Q1 24 | 2.7% | 10.9% |
资本支出强度ALLELECO
| Q4 25 | 3.8% | 4.0% | ||
| Q3 25 | 1.8% | 3.0% | ||
| Q2 25 | 1.7% | 2.3% | ||
| Q1 25 | 2.2% | 2.7% | ||
| Q4 24 | 2.5% | 3.1% | ||
| Q3 24 | 2.1% | 3.6% | ||
| Q2 24 | 2.2% | 2.3% | ||
| Q1 24 | 3.0% | 2.7% |
现金转化率ALLELECO
| Q4 25 | 1.63× | 0.70× | ||
| Q3 25 | 1.22× | 1.93× | ||
| Q2 25 | 1.31× | 1.00× | ||
| Q1 25 | 0.71× | 1.57× | ||
| Q4 24 | 1.52× | 0.68× | ||
| Q3 24 | 1.33× | 1.98× | ||
| Q2 24 | 1.11× | 1.68× | ||
| Q1 24 | 0.41× | 1.08× |
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
ALLE
| Products | $750.2M | 73% |
| Allegion International | $237.7M | 23% |
| Services | $45.2M | 4% |
LECO
| Americas Welding | $681.9M | 63% |
| International Welding | $259.4M | 24% |
| Harris Products Group | $137.4M | 13% |
