vs
DXP ENTERPRISES INC（DXPE）与LCI INDUSTRIES（LCII）财务数据对比。点击上方公司名可切换其他公司
LCI INDUSTRIES的季度营收约是DXP ENTERPRISES INC的1.8倍（$932.7M vs $527.4M），DXP ENTERPRISES INC净利率更高（4.3% vs 2.0%，领先2.3%），LCI INDUSTRIES同比增速更快（16.1% vs 12.0%），LCI INDUSTRIES自由现金流更多（$64.3M vs $34.5M），过去两年DXP ENTERPRISES INC的营收复合增速更高（13.1% vs -1.8%）
DXP Enterprises Inc.是一家领先的工业分销企业，提供维护、维修、运营（MRO）用品、流体处理设备、泵系统及相关技术服务，主要服务制造业、能源、矿业、建筑等领域客户，核心市场覆盖北美地区。
拉奇核心工业有限公司前身为巴基斯坦帝国化学工业公司，是一家总部位于卡拉奇的巴基斯坦综合性企业集团，业务覆盖聚酯、医药、农用化学品、纯碱及兽药等多品类产品的研发生产，在巴基斯坦本土工业领域拥有重要市场地位。
DXPE vs LCII — 直观对比
营收规模更大
LCII
是对方的1.8倍
$527.4M
营收增速更快
LCII
高出4.1%
12.0%
净利率更高
DXPE
高出2.3%
2.0%
自由现金流更多
LCII
多$29.8M
$34.5M
两年增速更快
DXPE
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $527.4M | $932.7M |
| 净利润 | $22.8M | $18.7M |
| 毛利率 | 31.6% | 22.1% |
| 营业利润率 | 8.8% | 3.8% |
| 净利率 | 4.3% | 2.0% |
| 营收同比 | 12.0% | 16.1% |
| 净利润同比 | 6.9% | 95.7% |
| 每股收益（稀释后） | $1.38 | $0.79 |
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DXPELCII
| Q4 25 | $527.4M | $932.7M | ||
| Q3 25 | $513.7M | $1.0B | ||
| Q2 25 | $498.7M | $1.1B | ||
| Q1 25 | $476.6M | $1.0B | ||
| Q4 24 | $470.9M | $803.1M | ||
| Q3 24 | $472.9M | $915.5M | ||
| Q2 24 | $445.6M | $1.1B | ||
| Q1 24 | $412.6M | $968.0M |
净利润DXPELCII
| Q4 25 | $22.8M | $18.7M | ||
| Q3 25 | $21.6M | $62.5M | ||
| Q2 25 | $23.6M | $57.6M | ||
| Q1 25 | $20.6M | $49.4M | ||
| Q4 24 | $21.4M | $9.5M | ||
| Q3 24 | $21.1M | $35.6M | ||
| Q2 24 | $16.7M | $61.2M | ||
| Q1 24 | $11.3M | $36.5M |
毛利率DXPELCII
| Q4 25 | 31.6% | 22.1% | ||
| Q3 25 | 31.4% | 24.4% | ||
| Q2 25 | 31.6% | 24.4% | ||
| Q1 25 | 31.5% | 24.1% | ||
| Q4 24 | 31.5% | 21.1% | ||
| Q3 24 | 30.9% | 24.0% | ||
| Q2 24 | 30.9% | 25.3% | ||
| Q1 24 | 30.0% | 23.1% |
营业利润率DXPELCII
| Q4 25 | 8.8% | 3.8% | ||
| Q3 25 | 8.5% | 7.3% | ||
| Q2 25 | 9.2% | 7.9% | ||
| Q1 25 | 8.5% | 7.8% | ||
| Q4 24 | 8.3% | 2.0% | ||
| Q3 24 | 8.4% | 5.9% | ||
| Q2 24 | 8.4% | 8.6% | ||
| Q1 24 | 7.1% | 6.0% |
净利率DXPELCII
| Q4 25 | 4.3% | 2.0% | ||
| Q3 25 | 4.2% | 6.0% | ||
| Q2 25 | 4.7% | 5.2% | ||
| Q1 25 | 4.3% | 4.7% | ||
| Q4 24 | 4.5% | 1.2% | ||
| Q3 24 | 4.5% | 3.9% | ||
| Q2 24 | 3.7% | 5.8% | ||
| Q1 24 | 2.7% | 3.8% |
每股收益（稀释后）DXPELCII
| Q4 25 | $1.38 | $0.79 | ||
| Q3 25 | $1.31 | $2.55 | ||
| Q2 25 | $1.43 | $2.29 | ||
| Q1 25 | $1.25 | $1.94 | ||
| Q4 24 | $1.28 | $0.37 | ||
| Q3 24 | $1.27 | $1.39 | ||
| Q2 24 | $1.00 | $2.40 | ||
| Q1 24 | $0.67 | $1.44 |
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 | $303.8M | $222.6M |
| 总债务越低越好 | — | $945.2M |
| 股东权益账面价值 | $498.4M | $1.4B |
| 总资产 | $1.7B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资DXPELCII
| Q4 25 | $303.8M | $222.6M | ||
| Q3 25 | $123.8M | $199.7M | ||
| Q2 25 | $112.9M | $191.9M | ||
| Q1 25 | $114.3M | $231.2M | ||
| Q4 24 | $148.3M | $165.8M | ||
| Q3 24 | $35.0M | $161.2M | ||
| Q2 24 | $49.9M | $130.4M | ||
| Q1 24 | $139.7M | $22.6M |
总债务DXPELCII
| Q4 25 | — | $945.2M | ||
| Q3 25 | — | $947.8M | ||
| Q2 25 | — | $948.0M | ||
| Q1 25 | — | $938.3M | ||
| Q4 24 | — | $757.3M | ||
| Q3 24 | — | $822.5M | ||
| Q2 24 | — | $829.7M | ||
| Q1 24 | — | $855.3M |
股东权益DXPELCII
| Q4 25 | $498.4M | $1.4B | ||
| Q3 25 | $488.3M | $1.4B | ||
| Q2 25 | $468.1M | $1.4B | ||
| Q1 25 | $444.7M | $1.4B | ||
| Q4 24 | $422.8M | $1.4B | ||
| Q3 24 | $402.4M | $1.4B | ||
| Q2 24 | $384.7M | $1.4B | ||
| Q1 24 | $375.5M | $1.4B |
总资产DXPELCII
| Q4 25 | $1.7B | $3.2B | ||
| Q3 25 | $1.4B | $3.2B | ||
| Q2 25 | $1.4B | $3.2B | ||
| Q1 25 | $1.4B | $3.1B | ||
| Q4 24 | $1.3B | $2.9B | ||
| Q3 24 | $1.2B | $3.0B | ||
| Q2 24 | $1.2B | $3.0B | ||
| Q1 24 | $1.2B | $3.0B |
负债/权益比DXPELCII
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.63× |
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 | $37.8M | $78.9M |
| 自由现金流经营现金流 - 资本支出 | $34.5M | $64.3M |
| 自由现金流率自由现金流/营收 | 6.5% | 6.9% |
| 资本支出强度资本支出/营收 | 0.6% | 1.6% |
| 现金转化率经营现金流/净利润 | 1.65× | 4.22× |
| 过去12个月自由现金流最近4个季度 | $54.0M | $278.3M |
8季度趋势，按日历期对齐
经营现金流DXPELCII
| Q4 25 | $37.8M | $78.9M | ||
| Q3 25 | $34.9M | $97.2M | ||
| Q2 25 | $18.6M | $112.2M | ||
| Q1 25 | $3.0M | $42.7M | ||
| Q4 24 | $32.1M | $106.6M | ||
| Q3 24 | $28.3M | $78.4M | ||
| Q2 24 | $14.7M | $192.9M | ||
| Q1 24 | $27.0M | $-7.7M |
自由现金流DXPELCII
| Q4 25 | $34.5M | $64.3M | ||
| Q3 25 | $28.1M | $80.9M | ||
| Q2 25 | $8.3M | $99.5M | ||
| Q1 25 | $-16.9M | $33.7M | ||
| Q4 24 | $22.7M | $95.7M | ||
| Q3 24 | $24.4M | $68.3M | ||
| Q2 24 | $5.9M | $180.2M | ||
| Q1 24 | $24.1M | $-16.3M |
自由现金流率DXPELCII
| Q4 25 | 6.5% | 6.9% | ||
| Q3 25 | 5.5% | 7.8% | ||
| Q2 25 | 1.7% | 9.0% | ||
| Q1 25 | -3.6% | 3.2% | ||
| Q4 24 | 4.8% | 11.9% | ||
| Q3 24 | 5.2% | 7.5% | ||
| Q2 24 | 1.3% | 17.1% | ||
| Q1 24 | 5.8% | -1.7% |
资本支出强度DXPELCII
| Q4 25 | 0.6% | 1.6% | ||
| Q3 25 | 1.3% | 1.6% | ||
| Q2 25 | 2.1% | 1.2% | ||
| Q1 25 | 4.2% | 0.9% | ||
| Q4 24 | 2.0% | 1.4% | ||
| Q3 24 | 0.8% | 1.1% | ||
| Q2 24 | 2.0% | 1.2% | ||
| Q1 24 | 0.7% | 0.9% |
现金转化率DXPELCII
| Q4 25 | 1.65× | 4.22× | ||
| Q3 25 | 1.61× | 1.55× | ||
| Q2 25 | 0.79× | 1.95× | ||
| Q1 25 | 0.14× | 0.86× | ||
| Q4 24 | 1.50× | 11.17× | ||
| Q3 24 | 1.34× | 2.20× | ||
| Q2 24 | 0.88× | 3.15× | ||
| Q1 24 | 2.38× | -0.21× |
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
DXPE
| Service Centers | $356.2M | 68% |
| Innovative Pumping Solutions | $110.0M | 21% |
| Supply Chain Services | $61.2M | 12% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
