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空气化工产品公司（APD）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
空气化工产品公司的季度营收约是LOUISIANA-PACIFIC CORP的5.5倍（$3.1B vs $566.0M）。空气化工产品公司净利率更高（21.9% vs -1.4%，领先23.3%）。空气化工产品公司同比增速更快（5.8% vs -16.9%）。LOUISIANA-PACIFIC CORP自由现金流更多（$-8.0M vs $-350.5M）。过去两年空气化工产品公司的营收复合增速更高（2.9% vs -11.6%）
空气化工产品公司是全球知名的工业气体供应商，业务覆盖全球各地，主营大气气体、工艺气体、特种气体、相关设备及服务，产品涵盖氧气、氮气、氩气、氢气、氦气、二氧化碳、一氧化碳、合成气等，同时供应空分装置、非低温发生器等气体生产处理设备，服务炼油、化工、气化等多个行业领域。
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。
APD vs LPX — 直观对比
营收规模更大
APD
是对方的5.5倍
$566.0M
营收增速更快
APD
高出22.7%
-16.9%
净利率更高
APD
高出23.3%
-1.4%
自由现金流更多
LPX
多$342.5M
$-350.5M
两年增速更快
APD
近两年复合增速
-11.6%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $566.0M |
| 净利润 | $678.2M | $-8.0M |
| 毛利率 | 32.1% | 15.0% |
| 营业利润率 | 23.7% | -1.6% |
| 净利率 | 21.9% | -1.4% |
| 营收同比 | 5.8% | -16.9% |
| 净利润同比 | 9.8% | -112.9% |
| 每股收益（稀释后） | $3.04 | $-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APDLPX
| Q4 25 | $3.1B | $566.0M | ||
| Q3 25 | $3.2B | $663.0M | ||
| Q2 25 | $3.0B | $755.0M | ||
| Q1 25 | $2.9B | $724.0M | ||
| Q4 24 | $2.9B | $681.0M | ||
| Q3 24 | $3.2B | $722.0M | ||
| Q2 24 | $3.0B | $814.0M | ||
| Q1 24 | $2.9B | $724.0M |
净利润APDLPX
| Q4 25 | $678.2M | $-8.0M | ||
| Q3 25 | $4.9M | $9.0M | ||
| Q2 25 | $713.8M | $54.0M | ||
| Q1 25 | $-1.7B | $91.0M | ||
| Q4 24 | $617.4M | $62.0M | ||
| Q3 24 | $1.9B | $90.0M | ||
| Q2 24 | $696.6M | $160.0M | ||
| Q1 24 | $572.4M | $108.0M |
毛利率APDLPX
| Q4 25 | 32.1% | 15.0% | ||
| Q3 25 | 32.3% | 19.5% | ||
| Q2 25 | 32.5% | 23.6% | ||
| Q1 25 | 29.6% | 27.2% | ||
| Q4 24 | 31.2% | 23.8% | ||
| Q3 24 | 34.0% | 26.7% | ||
| Q2 24 | 32.8% | 32.3% | ||
| Q1 24 | 32.0% | 29.6% |
营业利润率APDLPX
| Q4 25 | 23.7% | -1.6% | ||
| Q3 25 | 0.5% | 2.7% | ||
| Q2 25 | 26.2% | 10.6% | ||
| Q1 25 | -79.8% | 16.6% | ||
| Q4 24 | 22.0% | 11.0% | ||
| Q3 24 | 76.1% | 16.1% | ||
| Q2 24 | 24.7% | 23.8% | ||
| Q1 24 | 21.7% | 20.0% |
净利率APDLPX
| Q4 25 | 21.9% | -1.4% | ||
| Q3 25 | 0.2% | 1.4% | ||
| Q2 25 | 23.6% | 7.2% | ||
| Q1 25 | -59.3% | 12.6% | ||
| Q4 24 | 21.1% | 9.1% | ||
| Q3 24 | 61.2% | 12.5% | ||
| Q2 24 | 23.3% | 19.7% | ||
| Q1 24 | 19.5% | 14.9% |
每股收益（稀释后）APDLPX
| Q4 25 | $3.04 | $-0.12 | ||
| Q3 25 | $0.03 | $0.13 | ||
| Q2 25 | $3.20 | $0.77 | ||
| Q1 25 | $-7.77 | $1.30 | ||
| Q4 24 | $2.77 | $0.90 | ||
| Q3 24 | $8.75 | $1.28 | ||
| Q2 24 | $3.13 | $2.23 | ||
| Q1 24 | $2.57 | $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 | $1.0B | $292.0M |
| 总债务越低越好 | — | $348.0M |
| 股东权益账面价值 | $15.4B | $1.7B |
| 总资产 | $41.2B | $2.6B |
| 负债/权益比越低杠杆越低 | — | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资APDLPX
| Q4 25 | $1.0B | $292.0M | ||
| Q3 25 | $1.9B | $316.0M | ||
| Q2 25 | $2.3B | $333.0M | ||
| Q1 25 | $1.6B | $256.0M | ||
| Q4 24 | $2.0B | $340.0M | ||
| Q3 24 | $3.0B | $346.0M | ||
| Q2 24 | $2.4B | $317.0M | ||
| Q1 24 | $2.6B | $244.0M |
总债务APDLPX
| Q4 25 | — | $348.0M | ||
| Q3 25 | — | $348.0M | ||
| Q2 25 | — | $348.0M | ||
| Q1 25 | — | $348.0M | ||
| Q4 24 | — | $348.0M | ||
| Q3 24 | — | $347.0M | ||
| Q2 24 | — | $347.0M | ||
| Q1 24 | — | $347.0M |
股东权益APDLPX
| Q4 25 | $15.4B | $1.7B | ||
| Q3 25 | $15.0B | $1.7B | ||
| Q2 25 | $15.5B | $1.7B | ||
| Q1 25 | $14.7B | $1.7B | ||
| Q4 24 | $16.7B | $1.7B | ||
| Q3 24 | $17.0B | $1.7B | ||
| Q2 24 | $15.1B | $1.7B | ||
| Q1 24 | $14.9B | $1.6B |
总资产APDLPX
| Q4 25 | $41.2B | $2.6B | ||
| Q3 25 | $41.1B | $2.6B | ||
| Q2 25 | $41.7B | $2.7B | ||
| Q1 25 | $38.9B | $2.6B | ||
| Q4 24 | $40.0B | $2.6B | ||
| Q3 24 | $39.6B | $2.6B | ||
| Q2 24 | $37.0B | $2.5B | ||
| Q1 24 | $35.9B | $2.5B |
负债/权益比APDLPX
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | 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 | $900.7M | $67.0M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $-8.0M |
| 自由现金流率自由现金流/营收 | -11.3% | -1.4% |
| 资本支出强度资本支出/营收 | 40.3% | 13.3% |
| 现金转化率经营现金流/净利润 | 1.33× | — |
| 过去12个月自由现金流最近4个季度 | — | $91.0M |
8季度趋势，按日历期对齐
经营现金流APDLPX
| Q4 25 | $900.7M | $67.0M | ||
| Q3 25 | — | $89.0M | ||
| Q2 25 | $855.8M | $162.0M | ||
| Q1 25 | $328.1M | $64.0M | ||
| Q4 24 | $811.7M | $105.0M | ||
| Q3 24 | — | $183.0M | ||
| Q2 24 | $1.3B | $212.0M | ||
| Q1 24 | $801.7M | $105.0M |
自由现金流APDLPX
| Q4 25 | $-350.5M | $-8.0M | ||
| Q3 25 | — | $5.0M | ||
| Q2 25 | $-640.0M | $94.0M | ||
| Q1 25 | $-1.6B | $0 | ||
| Q4 24 | $-1.3B | $43.0M | ||
| Q3 24 | — | $139.0M | ||
| Q2 24 | $-345.2M | $176.0M | ||
| Q1 24 | $-867.7M | $64.0M |
自由现金流率APDLPX
| Q4 25 | -11.3% | -1.4% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | -21.2% | 12.5% | ||
| Q1 25 | -53.6% | 0.0% | ||
| Q4 24 | -44.5% | 6.3% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | -11.6% | 21.6% | ||
| Q1 24 | -29.6% | 8.8% |
资本支出强度APDLPX
| Q4 25 | 40.3% | 13.3% | ||
| Q3 25 | 47.9% | 12.7% | ||
| Q2 25 | 49.5% | 9.0% | ||
| Q1 25 | 64.9% | 8.8% | ||
| Q4 24 | 72.2% | 9.1% | ||
| Q3 24 | 65.1% | 6.1% | ||
| Q2 24 | 53.8% | 4.4% | ||
| Q1 24 | 57.0% | 5.7% |
现金转化率APDLPX
| Q4 25 | 1.33× | — | ||
| Q3 25 | — | 9.89× | ||
| Q2 25 | 1.20× | 3.00× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | 1.31× | 1.69× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | 1.81× | 1.32× | ||
| Q1 24 | 1.40× | 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
APD
| Other | $1.6B | 53% |
| Onsite | $783.9M | 25% |
| Merchant | $557.8M | 18% |
| Saleof Equipment | $117.0M | 4% |
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
