vs
进步能源（FLNC）与礼恩派（LEG）财务数据对比。点击上方公司名可切换其他公司
礼恩派的季度营收约是进步能源的2.0倍（$938.6M vs $475.2M），礼恩派净利率更高（2.7% vs -9.5%，领先12.2%），进步能源同比增速更快（154.4% vs -11.2%），礼恩派自由现金流更多（$101.9M vs $-232.6M），过去两年礼恩派的营收复合增速更高（-7.5% vs -12.7%）
进步能源是一家电力生产与分销企业，并入杜克能源前为财富500强能源企业，总发电容量超21000兆瓦，年营收达90亿美元。公司总部位于北卡罗来纳州罗利，旗下拥有两家大型电力公用事业公司，为卡罗来纳州及佛罗里达州约310万用户提供服务。
礼恩派（Leggett & Platt）总部位于美国密苏里州迦太基，是一家多元化制造企业，成立于1883年。公司专注于设计生产各类工程组件及产品，广泛应用于家居与汽车领域。目前旗下设有15个业务单元，在全球18个国家拥有135座生产工厂，员工总数达2万名。
FLNC vs LEG — 直观对比
营收规模更大
LEG
是对方的2.0倍
$475.2M
营收增速更快
FLNC
高出165.6%
-11.2%
净利率更高
LEG
高出12.2%
-9.5%
自由现金流更多
LEG
多$334.5M
$-232.6M
两年增速更快
LEG
近两年复合增速
-12.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $475.2M | $938.6M |
| 净利润 | $-45.1M | $25.1M |
| 毛利率 | 4.9% | 17.9% |
| 营业利润率 | -14.8% | 2.0% |
| 净利率 | -9.5% | 2.7% |
| 营收同比 | 154.4% | -11.2% |
| 净利润同比 | -8.7% | 76.8% |
| 每股收益（稀释后） | $-0.34 | $0.18 |
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FLNCLEG
| Q4 25 | $475.2M | $938.6M | ||
| Q3 25 | $1.0B | $1.0B | ||
| Q2 25 | $602.5M | $1.1B | ||
| Q1 25 | $431.6M | $1.0B | ||
| Q4 24 | $186.8M | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $483.3M | $1.1B | ||
| Q1 24 | $623.1M | $1.1B |
净利润FLNCLEG
| Q4 25 | $-45.1M | $25.1M | ||
| Q3 25 | $17.9M | $127.1M | ||
| Q2 25 | $6.3M | $52.5M | ||
| Q1 25 | $-31.0M | $30.6M | ||
| Q4 24 | $-41.5M | $14.2M | ||
| Q3 24 | $47.8M | $44.9M | ||
| Q2 24 | $785.0K | $-602.2M | ||
| Q1 24 | $-9.2M | $31.6M |
毛利率FLNCLEG
| Q4 25 | 4.9% | 17.9% | ||
| Q3 25 | 13.7% | 18.7% | ||
| Q2 25 | 14.8% | 18.2% | ||
| Q1 25 | 9.9% | 18.6% | ||
| Q4 24 | 11.4% | 16.6% | ||
| Q3 24 | 12.8% | 18.2% | ||
| Q2 24 | 17.2% | 16.5% | ||
| Q1 24 | 10.3% | 17.0% |
营业利润率FLNCLEG
| Q4 25 | -14.8% | 2.0% | ||
| Q3 25 | 4.4% | 14.9% | ||
| Q2 25 | 1.9% | 6.8% | ||
| Q1 25 | -10.2% | 4.4% | ||
| Q4 24 | -31.4% | 2.4% | ||
| Q3 24 | 6.2% | 5.2% | ||
| Q2 24 | 1.1% | -56.2% | ||
| Q1 24 | -2.3% | 3.9% |
净利率FLNCLEG
| Q4 25 | -9.5% | 2.7% | ||
| Q3 25 | 1.7% | 12.3% | ||
| Q2 25 | 1.0% | 5.0% | ||
| Q1 25 | -7.2% | 3.0% | ||
| Q4 24 | -22.2% | 1.3% | ||
| Q3 24 | 3.9% | 4.1% | ||
| Q2 24 | 0.2% | -53.4% | ||
| Q1 24 | -1.5% | 2.9% |
每股收益（稀释后）FLNCLEG
| Q4 25 | $-0.34 | $0.18 | ||
| Q3 25 | $0.18 | $0.91 | ||
| Q2 25 | $0.01 | $0.38 | ||
| Q1 25 | $-0.24 | $0.22 | ||
| Q4 24 | $-0.32 | $0.10 | ||
| Q3 24 | $0.34 | $0.33 | ||
| Q2 24 | $0.00 | $-4.39 | ||
| Q1 24 | $-0.07 | $0.23 |
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 | $452.6M | $587.4M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $388.0M | $1.0B |
| 总资产 | $2.3B | $3.5B |
| 负债/权益比越低杠杆越低 | — | 1.46× |
8季度趋势，按日历期对齐
现金及短期投资FLNCLEG
| Q4 25 | $452.6M | $587.4M | ||
| Q3 25 | $690.8M | $460.7M | ||
| Q2 25 | $436.3M | $368.8M | ||
| Q1 25 | $568.6M | $412.6M | ||
| Q4 24 | $607.4M | $350.2M | ||
| Q3 24 | $448.7M | $277.2M | ||
| Q2 24 | $388.2M | $307.0M | ||
| Q1 24 | $411.8M | $361.3M |
总债务FLNCLEG
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.8B |
股东权益FLNCLEG
| Q4 25 | $388.0M | $1.0B | ||
| Q3 25 | $429.6M | $971.8M | ||
| Q2 25 | $407.4M | $855.0M | ||
| Q1 25 | $388.2M | $746.8M | ||
| Q4 24 | $409.4M | $689.4M | ||
| Q3 24 | $472.1M | $741.0M | ||
| Q2 24 | $421.2M | $667.6M | ||
| Q1 24 | $413.1M | $1.3B |
总资产FLNCLEG
| Q4 25 | $2.3B | $3.5B | ||
| Q3 25 | $2.4B | $3.5B | ||
| Q2 25 | $2.1B | $3.7B | ||
| Q1 25 | $2.3B | $3.7B | ||
| Q4 24 | $2.2B | $3.7B | ||
| Q3 24 | $1.9B | $3.8B | ||
| Q2 24 | $1.7B | $3.8B | ||
| Q1 24 | $1.5B | $4.6B |
负债/权益比FLNCLEG
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 2.10× | ||
| Q1 25 | — | 2.59× | ||
| Q4 24 | — | 2.70× | ||
| Q3 24 | — | 2.13× | ||
| Q2 24 | — | 2.55× | ||
| Q1 24 | — | 1.38× |
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 | $-226.8M | $121.5M |
| 自由现金流经营现金流 - 资本支出 | $-232.6M | $101.9M |
| 自由现金流率自由现金流/营收 | -48.9% | 10.9% |
| 资本支出强度资本支出/营收 | 1.2% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 4.84× |
| 过去12个月自由现金流最近4个季度 | $-179.7M | $281.0M |
8季度趋势，按日历期对齐
经营现金流FLNCLEG
| Q4 25 | $-226.8M | $121.5M | ||
| Q3 25 | $265.7M | $125.9M | ||
| Q2 25 | $-153.9M | $84.0M | ||
| Q1 25 | $-46.2M | $6.8M | ||
| Q4 24 | $-211.2M | $122.3M | ||
| Q3 24 | $10.5M | $95.5M | ||
| Q2 24 | $-21.1M | $94.0M | ||
| Q1 24 | $70.9M | $-6.1M |
自由现金流FLNCLEG
| Q4 25 | $-232.6M | $101.9M | ||
| Q3 25 | $260.9M | $110.1M | ||
| Q2 25 | $-157.4M | $75.5M | ||
| Q1 25 | $-50.5M | $-6.5M | ||
| Q4 24 | $-213.3M | $100.5M | ||
| Q3 24 | $7.3M | $77.1M | ||
| Q2 24 | $-23.5M | $78.5M | ||
| Q1 24 | $69.9M | $-32.0M |
自由现金流率FLNCLEG
| Q4 25 | -48.9% | 10.9% | ||
| Q3 25 | 25.0% | 10.6% | ||
| Q2 25 | -26.1% | 7.1% | ||
| Q1 25 | -11.7% | -0.6% | ||
| Q4 24 | -114.2% | 9.5% | ||
| Q3 24 | 0.6% | 7.0% | ||
| Q2 24 | -4.9% | 7.0% | ||
| Q1 24 | 11.2% | -2.9% |
资本支出强度FLNCLEG
| Q4 25 | 1.2% | 2.1% | ||
| Q3 25 | 0.5% | 1.5% | ||
| Q2 25 | 0.6% | 0.8% | ||
| Q1 25 | 1.0% | 1.3% | ||
| Q4 24 | 1.1% | 2.1% | ||
| Q3 24 | 0.3% | 1.7% | ||
| Q2 24 | 0.5% | 1.4% | ||
| Q1 24 | 0.2% | 2.4% |
现金转化率FLNCLEG
| Q4 25 | — | 4.84× | ||
| Q3 25 | 14.81× | 0.99× | ||
| Q2 25 | -24.61× | 1.60× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 8.61× | ||
| Q3 24 | 0.22× | 2.13× | ||
| Q2 24 | -26.87× | — | ||
| Q1 24 | — | -0.19× |
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
FLNC
| Products | $450.9M | 95% |
| Services | $22.5M | 5% |
| Digital Applications And Solutions | $1.9M | 0% |
LEG
| Bedding Products | $373.8M | 40% |
| Flooring And Textile Products Group | $196.9M | 21% |
| Automotive Group | $194.9M | 21% |
| Work Furniture Group | $66.2M | 7% |
| Home Furniture Group | $61.0M | 6% |
| Hydraulic Cylinders | $45.8M | 5% |
