vs
Andersons, Inc.（ANDE）与LOUISIANA-PACIFIC CORP（LPX）财务数据对比。点击上方公司名可切换其他公司
LOUISIANA-PACIFIC CORP的季度营收约是Andersons, Inc.的1.7倍（$566.0M vs $329.5M），Andersons, Inc.净利率更高（20.5% vs -1.4%，领先21.9%），Andersons, Inc.同比增速更快（-2.4% vs -16.9%），LOUISIANA-PACIFIC CORP自由现金流更多（$-8.0M vs $-77.1M），过去两年Andersons, Inc.的营收复合增速更高（-1.8% vs -11.6%）
安德森公司（The Andersons, Inc.）是1947年成立的美国农业企业，总部位于俄亥俄州莫米。公司起源于1940年代服务粮食行业的安德森货运站，是深耕农业领域的多元化企业，业务覆盖大宗商品贸易、可再生能源以及植物营养板块。
路易斯安那-太平洋公司（简称LP）是美国知名建材制造商，成立于1973年，是美国定向结构刨花板（OSB）生产的开创者，总部现位于田纳西州纳什维尔。作为全球最大的OSB生产商，公司还生产工程木建材产品，通过建材分销商、经销商及家居零售中心向建筑商和业主供货。
ANDE vs LPX — 直观对比
营收规模更大
LPX
是对方的1.7倍
$329.5M
营收增速更快
ANDE
高出14.5%
-16.9%
净利率更高
ANDE
高出21.9%
-1.4%
自由现金流更多
LPX
多$69.1M
$-77.1M
两年增速更快
ANDE
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $329.5M | $566.0M |
| 净利润 | $67.4M | $-8.0M |
| 毛利率 | 70.3% | 15.0% |
| 营业利润率 | 26.6% | -1.6% |
| 净利率 | 20.5% | -1.4% |
| 营收同比 | -2.4% | -16.9% |
| 净利润同比 | 49.6% | -112.9% |
| 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ANDELPX
| Q4 25 | $329.5M | $566.0M | ||
| Q3 25 | $295.8M | $663.0M | ||
| Q2 25 | $535.0M | $755.0M | ||
| Q1 25 | $370.8M | $724.0M | ||
| Q4 24 | $337.5M | $681.0M | ||
| Q3 24 | $231.9M | $722.0M | ||
| Q2 24 | $492.5M | $814.0M | ||
| Q1 24 | $341.4M | $724.0M |
净利润ANDELPX
| Q4 25 | $67.4M | $-8.0M | ||
| Q3 25 | $20.1M | $9.0M | ||
| Q2 25 | $7.9M | $54.0M | ||
| Q1 25 | $284.0K | $91.0M | ||
| Q4 24 | $45.1M | $62.0M | ||
| Q3 24 | $27.4M | $90.0M | ||
| Q2 24 | $36.0M | $160.0M | ||
| Q1 24 | $5.6M | $108.0M |
毛利率ANDELPX
| Q4 25 | 70.3% | 15.0% | ||
| Q3 25 | 57.8% | 19.5% | ||
| Q2 25 | 29.6% | 23.6% | ||
| Q1 25 | 41.2% | 27.2% | ||
| Q4 24 | 63.1% | 23.8% | ||
| Q3 24 | 76.4% | 26.7% | ||
| Q2 24 | 35.6% | 32.3% | ||
| Q1 24 | 37.6% | 29.6% |
营业利润率ANDELPX
| Q4 25 | 26.6% | -1.6% | ||
| Q3 25 | 8.7% | 2.7% | ||
| Q2 25 | 4.6% | 10.6% | ||
| Q1 25 | 0.9% | 16.6% | ||
| Q4 24 | 19.9% | 11.0% | ||
| Q3 24 | 26.8% | 16.1% | ||
| Q2 24 | 11.6% | 23.8% | ||
| Q1 24 | 4.1% | 20.0% |
净利率ANDELPX
| Q4 25 | 20.5% | -1.4% | ||
| Q3 25 | 6.8% | 1.4% | ||
| Q2 25 | 1.5% | 7.2% | ||
| Q1 25 | 0.1% | 12.6% | ||
| Q4 24 | 13.4% | 9.1% | ||
| Q3 24 | 11.8% | 12.5% | ||
| Q2 24 | 7.3% | 19.7% | ||
| Q1 24 | 1.6% | 14.9% |
每股收益（稀释后）ANDELPX
| Q4 25 | — | $-0.12 | ||
| Q3 25 | $0.59 | $0.13 | ||
| Q2 25 | $0.23 | $0.77 | ||
| Q1 25 | $0.01 | $1.30 | ||
| Q4 24 | $1.31 | $0.90 | ||
| Q3 24 | $0.80 | $1.28 | ||
| Q2 24 | $1.05 | $2.23 | ||
| Q1 24 | $0.16 | $1.48 |
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 | $98.3M | $292.0M |
| 总债务越低越好 | $560.0M | $348.0M |
| 股东权益账面价值 | $1.2B | $1.7B |
| 总资产 | $3.7B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资ANDELPX
| Q4 25 | $98.3M | $292.0M | ||
| Q3 25 | — | $316.0M | ||
| Q2 25 | — | $333.0M | ||
| Q1 25 | — | $256.0M | ||
| Q4 24 | $561.8M | $340.0M | ||
| Q3 24 | — | $346.0M | ||
| Q2 24 | — | $317.0M | ||
| Q1 24 | — | $244.0M |
总债务ANDELPX
| Q4 25 | $560.0M | $348.0M | ||
| Q3 25 | — | $348.0M | ||
| Q2 25 | — | $348.0M | ||
| Q1 25 | — | $348.0M | ||
| Q4 24 | $608.2M | $348.0M | ||
| Q3 24 | — | $347.0M | ||
| Q2 24 | — | $347.0M | ||
| Q1 24 | — | $347.0M |
股东权益ANDELPX
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.3B | $1.7B | ||
| Q1 24 | $1.3B | $1.6B |
总资产ANDELPX
| Q4 25 | $3.7B | $2.6B | ||
| Q3 25 | $3.3B | $2.6B | ||
| Q2 25 | $3.4B | $2.7B | ||
| Q1 25 | $3.8B | $2.6B | ||
| Q4 24 | $4.1B | $2.6B | ||
| Q3 24 | $3.4B | $2.6B | ||
| Q2 24 | $3.3B | $2.5B | ||
| Q1 24 | $3.3B | $2.5B |
负债/权益比ANDELPX
| Q4 25 | 0.45× | 0.20× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | 0.45× | 0.21× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.21× |
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 | $-6.2M | $67.0M |
| 自由现金流经营现金流 - 资本支出 | $-77.1M | $-8.0M |
| 自由现金流率自由现金流/营收 | -23.4% | -1.4% |
| 资本支出强度资本支出/营收 | 21.5% | 13.3% |
| 现金转化率经营现金流/净利润 | -0.09× | — |
| 过去12个月自由现金流最近4个季度 | $-56.1M | $91.0M |
8季度趋势，按日历期对齐
经营现金流ANDELPX
| Q4 25 | $-6.2M | $67.0M | ||
| Q3 25 | $233.9M | $89.0M | ||
| Q2 25 | $299.3M | $162.0M | ||
| Q1 25 | $-350.0M | $64.0M | ||
| Q4 24 | $268.8M | $105.0M | ||
| Q3 24 | $-2.1M | $183.0M | ||
| Q2 24 | $304.4M | $212.0M | ||
| Q1 24 | $-239.6M | $105.0M |
自由现金流ANDELPX
| Q4 25 | $-77.1M | $-8.0M | ||
| Q3 25 | $167.0M | $5.0M | ||
| Q2 25 | $250.5M | $94.0M | ||
| Q1 25 | $-396.6M | $0 | ||
| Q4 24 | $212.9M | $43.0M | ||
| Q3 24 | $-40.0M | $139.0M | ||
| Q2 24 | $275.8M | $176.0M | ||
| Q1 24 | $-266.4M | $64.0M |
自由现金流率ANDELPX
| Q4 25 | -23.4% | -1.4% | ||
| Q3 25 | 56.5% | 0.8% | ||
| Q2 25 | 46.8% | 12.5% | ||
| Q1 25 | -106.9% | 0.0% | ||
| Q4 24 | 63.1% | 6.3% | ||
| Q3 24 | -17.2% | 19.3% | ||
| Q2 24 | 56.0% | 21.6% | ||
| Q1 24 | -78.0% | 8.8% |
资本支出强度ANDELPX
| Q4 25 | 21.5% | 13.3% | ||
| Q3 25 | 22.6% | 12.7% | ||
| Q2 25 | 9.1% | 9.0% | ||
| Q1 25 | 12.6% | 8.8% | ||
| Q4 24 | 16.6% | 9.1% | ||
| Q3 24 | 16.3% | 6.1% | ||
| Q2 24 | 5.8% | 4.4% | ||
| Q1 24 | 7.8% | 5.7% |
现金转化率ANDELPX
| Q4 25 | -0.09× | — | ||
| Q3 25 | 11.61× | 9.89× | ||
| Q2 25 | 38.10× | 3.00× | ||
| Q1 25 | -1232.46× | 0.70× | ||
| Q4 24 | 5.96× | 1.69× | ||
| Q3 24 | -0.08× | 2.03× | ||
| Q2 24 | 8.46× | 1.32× | ||
| Q1 24 | -42.94× | 0.97× |
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
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
