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Compass Diversified Holdings（CODI）与乐至宝（LZB）财务数据对比。点击上方公司名可切换其他公司
乐至宝的季度营收约是Compass Diversified Holdings的1.2倍（$541.6M vs $468.6M）。乐至宝净利率更高（4.0% vs -16.8%，领先20.8%）。乐至宝同比增速更快（3.8% vs -5.1%）。乐至宝自由现金流更多（$71.6M vs $36.9M）。过去两年Compass Diversified Holdings的营收复合增速更高（6.8% vs -1.1%）
Compass Diversified Holdings是一家上市控股公司，专注于收购和运营中端市场企业，业务覆盖消费品、工业制造、户外休闲、食品饮料等多个领域，通过与被投企业管理团队合作，推动长期运营增长与价值创造，主要服务北美市场。
La-Z-Boy是总部位于美国密歇根州门罗的家具制造企业，主打居家家具产品，涵盖软垫 recliner、沙发、固定座椅、升降椅、沙发床等品类，全球员工规模超过11000人，是休闲家居领域的知名品牌。
CODI vs LZB — 直观对比
营收规模更大
LZB
是对方的1.2倍
$468.6M
营收增速更快
LZB
高出8.9%
-5.1%
净利率更高
LZB
高出20.8%
-16.8%
自由现金流更多
LZB
多$34.7M
$36.9M
两年增速更快
CODI
近两年复合增速
-1.1%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $468.6M | $541.6M |
| 净利润 | $-78.8M | $21.6M |
| 毛利率 | 43.1% | 43.1% |
| 营业利润率 | 9.8% | 5.5% |
| 净利率 | -16.8% | 4.0% |
| 营收同比 | -5.1% | 3.8% |
| 净利润同比 | -14.4% | -23.8% |
| 每股收益（稀释后） | $-0.91 | $0.52 |
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CODILZB
| Q1 26 | — | $541.6M | ||
| Q4 25 | $468.6M | $522.5M | ||
| Q3 25 | $472.6M | $492.2M | ||
| Q2 25 | $478.7M | $570.9M | ||
| Q1 25 | $453.8M | $521.8M | ||
| Q4 24 | $493.9M | $521.0M | ||
| Q3 24 | $456.6M | $495.5M | ||
| Q2 24 | $426.7M | $553.5M |
净利润CODILZB
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-78.8M | $28.9M | ||
| Q3 25 | $-74.0M | $18.2M | ||
| Q2 25 | $-51.2M | $14.9M | ||
| Q1 25 | $-30.0M | $28.4M | ||
| Q4 24 | $-68.9M | $30.0M | ||
| Q3 24 | $-36.0M | $26.2M | ||
| Q2 24 | $-73.1M | $39.3M |
毛利率CODILZB
| Q1 26 | — | 43.1% | ||
| Q4 25 | 43.1% | 44.2% | ||
| Q3 25 | 44.0% | 42.5% | ||
| Q2 25 | 43.6% | 44.0% | ||
| Q1 25 | 43.2% | 44.3% | ||
| Q4 24 | 38.6% | 44.3% | ||
| Q3 24 | 43.1% | 43.1% | ||
| Q2 24 | 44.1% | 43.4% |
营业利润率CODILZB
| Q1 26 | — | 5.5% | ||
| Q4 25 | 9.8% | 6.9% | ||
| Q3 25 | -2.3% | 4.5% | ||
| Q2 25 | -5.7% | 5.2% | ||
| Q1 25 | 0.8% | 6.7% | ||
| Q4 24 | -3.8% | 7.4% | ||
| Q3 24 | 1.8% | 6.5% | ||
| Q2 24 | 1.8% | 9.1% |
净利率CODILZB
| Q1 26 | — | 4.0% | ||
| Q4 25 | -16.8% | 5.5% | ||
| Q3 25 | -15.7% | 3.7% | ||
| Q2 25 | -10.7% | 2.6% | ||
| Q1 25 | -6.6% | 5.4% | ||
| Q4 24 | -13.9% | 5.8% | ||
| Q3 24 | -7.9% | 5.3% | ||
| Q2 24 | -17.1% | 7.1% |
每股收益（稀释后）CODILZB
| Q1 26 | — | $0.52 | ||
| Q4 25 | $-0.91 | $0.70 | ||
| Q3 25 | $-1.21 | $0.44 | ||
| Q2 25 | $-0.88 | $0.35 | ||
| Q1 25 | $-0.59 | $0.68 | ||
| Q4 24 | $-0.57 | $0.71 | ||
| Q3 24 | $-0.62 | $0.61 | ||
| Q2 24 | $-1.12 | $0.91 |
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 | $68.0M | $306.1M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $442.0M | $1.0B |
| 总资产 | $3.0B | $2.1B |
| 负债/权益比越低杠杆越低 | 4.25× | — |
8季度趋势，按日历期对齐
现金及短期投资CODILZB
| Q1 26 | — | $306.1M | ||
| Q4 25 | $68.0M | $338.5M | ||
| Q3 25 | $61.1M | $318.5M | ||
| Q2 25 | $73.8M | $328.4M | ||
| Q1 25 | $146.2M | $314.6M | ||
| Q4 24 | $59.7M | $303.1M | ||
| Q3 24 | $64.9M | $342.3M | ||
| Q2 24 | $61.5M | $341.1M |
总债务CODILZB
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — |
股东权益CODILZB
| Q1 26 | — | $1.0B | ||
| Q4 25 | $442.0M | $1.0B | ||
| Q3 25 | $519.2M | $1.0B | ||
| Q2 25 | $601.9M | $1.0B | ||
| Q1 25 | $680.7M | $1.0B | ||
| Q4 24 | $678.6M | $1.0B | ||
| Q3 24 | $672.2M | $999.2M | ||
| Q2 24 | $711.3M | $1.0B |
总资产CODILZB
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.0B | $2.0B | ||
| Q3 25 | $3.2B | $1.9B | ||
| Q2 25 | $3.3B | $1.9B | ||
| Q1 25 | $3.4B | $2.0B | ||
| Q4 24 | $3.3B | $1.9B | ||
| Q3 24 | $3.3B | $1.9B | ||
| Q2 24 | $3.2B | $1.9B |
负债/权益比CODILZB
| Q1 26 | — | — | ||
| Q4 25 | 4.25× | — | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 3.09× | — | ||
| Q1 25 | 2.73× | — | ||
| Q4 24 | 2.61× | — | ||
| Q3 24 | 2.64× | — | ||
| Q2 24 | 2.42× | — |
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 | $47.0M | $89.4M |
| 自由现金流经营现金流 - 资本支出 | $36.9M | $71.6M |
| 自由现金流率自由现金流/营收 | 7.9% | 13.2% |
| 资本支出强度资本支出/营收 | 2.2% | 3.3% |
| 现金转化率经营现金流/净利润 | — | 4.13× |
| 过去12个月自由现金流最近4个季度 | $-51.1M | $158.2M |
8季度趋势，按日历期对齐
经营现金流CODILZB
| Q1 26 | — | $89.4M | ||
| Q4 25 | $47.0M | $50.0M | ||
| Q3 25 | $10.7M | $36.3M | ||
| Q2 25 | $-35.2M | $62.0M | ||
| Q1 25 | $-29.3M | $57.0M | ||
| Q4 24 | $-16.1M | $15.9M | ||
| Q3 24 | $-48.4M | $52.3M | ||
| Q2 24 | $-61.3M | $52.8M |
自由现金流CODILZB
| Q1 26 | — | $71.6M | ||
| Q4 25 | $36.9M | $29.6M | ||
| Q3 25 | $481.0K | $17.8M | ||
| Q2 25 | $-46.0M | $39.3M | ||
| Q1 25 | $-42.4M | $38.2M | ||
| Q4 24 | $-39.0M | $-1.2M | ||
| Q3 24 | $-63.5M | $36.7M | ||
| Q2 24 | $-72.2M | $37.3M |
自由现金流率CODILZB
| Q1 26 | — | 13.2% | ||
| Q4 25 | 7.9% | 5.7% | ||
| Q3 25 | 0.1% | 3.6% | ||
| Q2 25 | -9.6% | 6.9% | ||
| Q1 25 | -9.4% | 7.3% | ||
| Q4 24 | -7.9% | -0.2% | ||
| Q3 24 | -13.9% | 7.4% | ||
| Q2 24 | -16.9% | 6.7% |
资本支出强度CODILZB
| Q1 26 | — | 3.3% | ||
| Q4 25 | 2.2% | 3.9% | ||
| Q3 25 | 2.2% | 3.8% | ||
| Q2 25 | 2.3% | 4.0% | ||
| Q1 25 | 2.9% | 3.6% | ||
| Q4 24 | 4.6% | 3.3% | ||
| Q3 24 | 3.3% | 3.2% | ||
| Q2 24 | 2.6% | 2.8% |
现金转化率CODILZB
| Q1 26 | — | 4.13× | ||
| Q4 25 | — | 1.73× | ||
| Q3 25 | — | 1.99× | ||
| Q2 25 | — | 4.15× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 2.00× | ||
| Q2 24 | — | 1.34× |
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
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
LZB
| Stationary Upholstery Furniture | $286.2M | 53% |
| Retail Segment | $251.9M | 47% |
