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CAVCO INDUSTRIES, INC.（CVCO）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
CAVCO INDUSTRIES, INC.的季度营收约是LOUISIANA-PACIFIC CORP的1.0倍（$581.0M vs $566.0M），CAVCO INDUSTRIES, INC.净利率更高（7.6% vs -1.4%，领先9.0%），CAVCO INDUSTRIES, INC.同比增速更快（11.3% vs -16.9%），CAVCO INDUSTRIES, INC.自由现金流更多（$57.6M vs $-8.0M），过去两年CAVCO INDUSTRIES, INC.的营收复合增速更高（17.6% vs -11.6%）
Cavco工业是总部位于美国亚利桑那州凤凰城的制造企业，主营模块化住宅、休闲房车、度假木屋及预制房屋产品，在美国各地布局有完善的制造工厂与零售门店网络，可满足多元居住及休闲场景的使用需求。
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。
CVCO vs LPX — 直观对比
营收规模更大
CVCO
是对方的1.0倍
$566.0M
营收增速更快
CVCO
高出28.2%
-16.9%
净利率更高
CVCO
高出9.0%
-1.4%
自由现金流更多
CVCO
多$65.6M
$-8.0M
两年增速更快
CVCO
近两年复合增速
-11.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $581.0M | $566.0M |
| 净利润 | $44.1M | $-8.0M |
| 毛利率 | 23.4% | 15.0% |
| 营业利润率 | 9.4% | -1.6% |
| 净利率 | 7.6% | -1.4% |
| 营收同比 | 11.3% | -16.9% |
| 净利润同比 | -22.0% | -112.9% |
| 每股收益（稀释后） | $5.58 | $-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CVCOLPX
| Q4 25 | $581.0M | $566.0M | ||
| Q3 25 | $556.5M | $663.0M | ||
| Q2 25 | $556.9M | $755.0M | ||
| Q1 25 | $508.4M | $724.0M | ||
| Q4 24 | $522.0M | $681.0M | ||
| Q3 24 | $507.5M | $722.0M | ||
| Q2 24 | $477.6M | $814.0M | ||
| Q1 24 | $420.1M | $724.0M |
净利润CVCOLPX
| Q4 25 | $44.1M | $-8.0M | ||
| Q3 25 | $52.4M | $9.0M | ||
| Q2 25 | $51.6M | $54.0M | ||
| Q1 25 | $36.3M | $91.0M | ||
| Q4 24 | $56.5M | $62.0M | ||
| Q3 24 | $43.8M | $90.0M | ||
| Q2 24 | $34.4M | $160.0M | ||
| Q1 24 | $33.9M | $108.0M |
毛利率CVCOLPX
| Q4 25 | 23.4% | 15.0% | ||
| Q3 25 | 24.2% | 19.5% | ||
| Q2 25 | 23.3% | 23.6% | ||
| Q1 25 | 22.8% | 27.2% | ||
| Q4 24 | 24.9% | 23.8% | ||
| Q3 24 | 22.9% | 26.7% | ||
| Q2 24 | 21.7% | 32.3% | ||
| Q1 24 | 23.6% | 29.6% |
营业利润率CVCOLPX
| Q4 25 | 9.4% | -1.6% | ||
| Q3 25 | 11.2% | 2.7% | ||
| Q2 25 | 10.8% | 10.6% | ||
| Q1 25 | 7.6% | 16.6% | ||
| Q4 24 | 12.3% | 11.0% | ||
| Q3 24 | 9.7% | 16.1% | ||
| Q2 24 | 8.1% | 23.8% | ||
| Q1 24 | 8.9% | 20.0% |
净利率CVCOLPX
| Q4 25 | 7.6% | -1.4% | ||
| Q3 25 | 9.4% | 1.4% | ||
| Q2 25 | 9.3% | 7.2% | ||
| Q1 25 | 7.1% | 12.6% | ||
| Q4 24 | 10.8% | 9.1% | ||
| Q3 24 | 8.6% | 12.5% | ||
| Q2 24 | 7.2% | 19.7% | ||
| Q1 24 | 8.1% | 14.9% |
每股收益（稀释后）CVCOLPX
| Q4 25 | $5.58 | $-0.12 | ||
| Q3 25 | $6.55 | $0.13 | ||
| Q2 25 | $6.42 | $0.77 | ||
| Q1 25 | $4.42 | $1.30 | ||
| Q4 24 | $6.90 | $0.90 | ||
| Q3 24 | $5.28 | $1.28 | ||
| Q2 24 | $4.11 | $2.23 | ||
| Q1 24 | $4.05 | $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 | $241.9M | $292.0M |
| 总债务越低越好 | — | $348.0M |
| 股东权益账面价值 | $1.1B | $1.7B |
| 总资产 | $1.5B | $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CVCOLPX
| Q4 25 | $241.9M | $292.0M | ||
| Q3 25 | $391.8M | $316.0M | ||
| Q2 25 | $362.4M | $333.0M | ||
| Q1 25 | $376.1M | $256.0M | ||
| Q4 24 | $378.9M | $340.0M | ||
| Q3 24 | $388.7M | $346.0M | ||
| Q2 24 | $380.0M | $317.0M | ||
| Q1 24 | $371.0M | $244.0M |
总债务CVCOLPX
| 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CVCOLPX
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $1.0B | $1.7B | ||
| Q1 24 | $1.0B | $1.6B |
总资产CVCOLPX
| Q4 25 | $1.5B | $2.6B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.4B | $2.7B | ||
| Q1 25 | $1.4B | $2.6B | ||
| Q4 24 | $1.4B | $2.6B | ||
| Q3 24 | $1.4B | $2.6B | ||
| Q2 24 | $1.4B | $2.5B | ||
| Q1 24 | $1.4B | $2.5B |
负债/权益比CVCOLPX
| 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 | $66.1M | $67.0M |
| 自由现金流经营现金流 - 资本支出 | $57.6M | $-8.0M |
| 自由现金流率自由现金流/营收 | 9.9% | -1.4% |
| 资本支出强度资本支出/营收 | 1.5% | 13.3% |
| 现金转化率经营现金流/净利润 | 1.50× | — |
| 过去12个月自由现金流最近4个季度 | $205.3M | $91.0M |
8季度趋势，按日历期对齐
经营现金流CVCOLPX
| Q4 25 | $66.1M | $67.0M | ||
| Q3 25 | $78.5M | $89.0M | ||
| Q2 25 | $55.5M | $162.0M | ||
| Q1 25 | $38.6M | $64.0M | ||
| Q4 24 | $37.8M | $105.0M | ||
| Q3 24 | $54.7M | $183.0M | ||
| Q2 24 | $47.4M | $212.0M | ||
| Q1 24 | — | $105.0M |
自由现金流CVCOLPX
| Q4 25 | $57.6M | $-8.0M | ||
| Q3 25 | $68.7M | $5.0M | ||
| Q2 25 | $46.4M | $94.0M | ||
| Q1 25 | $32.5M | $0 | ||
| Q4 24 | $32.3M | $43.0M | ||
| Q3 24 | $49.8M | $139.0M | ||
| Q2 24 | $42.4M | $176.0M | ||
| Q1 24 | — | $64.0M |
自由现金流率CVCOLPX
| Q4 25 | 9.9% | -1.4% | ||
| Q3 25 | 12.4% | 0.8% | ||
| Q2 25 | 8.3% | 12.5% | ||
| Q1 25 | 6.4% | 0.0% | ||
| Q4 24 | 6.2% | 6.3% | ||
| Q3 24 | 9.8% | 19.3% | ||
| Q2 24 | 8.9% | 21.6% | ||
| Q1 24 | — | 8.8% |
资本支出强度CVCOLPX
| Q4 25 | 1.5% | 13.3% | ||
| Q3 25 | 1.7% | 12.7% | ||
| Q2 25 | 1.6% | 9.0% | ||
| Q1 25 | 1.2% | 8.8% | ||
| Q4 24 | 1.0% | 9.1% | ||
| Q3 24 | 1.0% | 6.1% | ||
| Q2 24 | 1.0% | 4.4% | ||
| Q1 24 | — | 5.7% |
现金转化率CVCOLPX
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.50× | 9.89× | ||
| Q2 25 | 1.08× | 3.00× | ||
| Q1 25 | 1.06× | 0.70× | ||
| Q4 24 | 0.67× | 1.69× | ||
| Q3 24 | 1.25× | 2.03× | ||
| Q2 24 | 1.38× | 1.32× | ||
| Q1 24 | — | 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
CVCO
| Manufactured Product Other | $532.5M | 92% |
| Other | $26.0M | 4% |
| Financial Service Other | $20.5M | 4% |
| Insurance Agency Commissions | $2.0M | 0% |
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
