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FMC CORP（FMC）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FMC CORP的1.2倍（$932.7M vs $759.0M），LCI INDUSTRIES净利率更高（2.0% vs -37.0%，领先39.1%），LCI INDUSTRIES同比增速更快（16.1% vs -4.0%），LCI INDUSTRIES自由现金流更多（$64.3M vs $-628.1M），过去两年LCI INDUSTRIES的营收复合增速更高（-1.8% vs -14.5%）
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
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。
FMC vs LCII — 直观对比
营收规模更大
LCII
是对方的1.2倍
$759.0M
营收增速更快
LCII
高出20.2%
-4.0%
净利率更高
LCII
高出39.1%
-37.0%
自由现金流更多
LCII
多$692.4M
$-628.1M
两年增速更快
LCII
近两年复合增速
-14.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $759.0M | $932.7M |
| 净利润 | $-281.2M | $18.7M |
| 毛利率 | — | 22.1% |
| 营业利润率 | -10.6% | 3.8% |
| 净利率 | -37.0% | 2.0% |
| 营收同比 | -4.0% | 16.1% |
| 净利润同比 | — | 95.7% |
| 每股收益（稀释后） | $-2.25 | $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FMCLCII
| Q1 26 | $759.0M | — | ||
| Q4 25 | $1.1B | $932.7M | ||
| Q3 25 | $542.2M | $1.0B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $791.4M | $1.0B | ||
| Q4 24 | $1.2B | $803.1M | ||
| Q3 24 | $1.1B | $915.5M | ||
| Q2 24 | $1.0B | $1.1B |
净利润FMCLCII
| Q1 26 | $-281.2M | — | ||
| Q4 25 | $-1.7B | $18.7M | ||
| Q3 25 | $-569.3M | $62.5M | ||
| Q2 25 | $66.7M | $57.6M | ||
| Q1 25 | $-15.5M | $49.4M | ||
| Q4 24 | $-16.3M | $9.5M | ||
| Q3 24 | $65.0M | $35.6M | ||
| Q2 24 | $295.1M | $61.2M |
毛利率FMCLCII
| Q1 26 | — | — | ||
| Q4 25 | 39.8% | 22.1% | ||
| Q3 25 | 23.8% | 24.4% | ||
| Q2 25 | 38.7% | 24.4% | ||
| Q1 25 | 40.0% | 24.1% | ||
| Q4 24 | 42.9% | 21.1% | ||
| Q3 24 | 36.3% | 24.0% | ||
| Q2 24 | 38.3% | 25.3% |
营业利润率FMCLCII
| Q1 26 | -10.6% | — | ||
| Q4 25 | -130.8% | 3.8% | ||
| Q3 25 | -73.1% | 7.3% | ||
| Q2 25 | 12.0% | 7.9% | ||
| Q1 25 | 7.4% | 7.8% | ||
| Q4 24 | 19.2% | 2.0% | ||
| Q3 24 | 12.7% | 5.9% | ||
| Q2 24 | 6.0% | 8.6% |
净利率FMCLCII
| Q1 26 | -37.0% | — | ||
| Q4 25 | -158.8% | 2.0% | ||
| Q3 25 | -105.0% | 6.0% | ||
| Q2 25 | 6.3% | 5.2% | ||
| Q1 25 | -2.0% | 4.7% | ||
| Q4 24 | -1.3% | 1.2% | ||
| Q3 24 | 6.1% | 3.9% | ||
| Q2 24 | 28.4% | 5.8% |
每股收益（稀释后）FMCLCII
| Q1 26 | $-2.25 | — | ||
| Q4 25 | $-13.77 | $0.79 | ||
| Q3 25 | $-4.52 | $2.55 | ||
| Q2 25 | $0.53 | $2.29 | ||
| Q1 25 | $-0.12 | $1.94 | ||
| Q4 24 | $-0.13 | $0.37 | ||
| Q3 24 | $0.52 | $1.39 | ||
| Q2 24 | $2.35 | $2.40 |
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 | $390.9M | $222.6M |
| 总债务越低越好 | $2.8B | $945.2M |
| 股东权益账面价值 | $1.8B | $1.4B |
| 总资产 | $9.4B | $3.2B |
| 负债/权益比越低杠杆越低 | 1.50× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资FMCLCII
| Q1 26 | $390.9M | — | ||
| Q4 25 | $584.5M | $222.6M | ||
| Q3 25 | $497.7M | $199.7M | ||
| Q2 25 | $438.2M | $191.9M | ||
| Q1 25 | $315.3M | $231.2M | ||
| Q4 24 | $357.3M | $165.8M | ||
| Q3 24 | $416.7M | $161.2M | ||
| Q2 24 | $471.5M | $130.4M |
总债务FMCLCII
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.4B | $945.2M | ||
| Q3 25 | $3.4B | $947.8M | ||
| Q2 25 | $3.4B | $948.0M | ||
| Q1 25 | $3.1B | $938.3M | ||
| Q4 24 | $3.1B | $757.3M | ||
| Q3 24 | $3.1B | $822.5M | ||
| Q2 24 | $3.1B | $829.7M |
股东权益FMCLCII
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $3.8B | $1.4B | ||
| Q2 25 | $4.4B | $1.4B | ||
| Q1 25 | $4.4B | $1.4B | ||
| Q4 24 | $4.5B | $1.4B | ||
| Q3 24 | $4.6B | $1.4B | ||
| Q2 24 | $4.6B | $1.4B |
总资产FMCLCII
| Q1 26 | $9.4B | — | ||
| Q4 25 | $9.7B | $3.2B | ||
| Q3 25 | $12.1B | $3.2B | ||
| Q2 25 | $12.3B | $3.2B | ||
| Q1 25 | $11.8B | $3.1B | ||
| Q4 24 | $11.7B | $2.9B | ||
| Q3 24 | $12.2B | $3.0B | ||
| Q2 24 | $12.1B | $3.0B |
负债/权益比FMCLCII
| Q1 26 | 1.50× | — | ||
| Q4 25 | 1.62× | 0.69× | ||
| Q3 25 | 0.89× | 0.70× | ||
| Q2 25 | 0.76× | 0.68× | ||
| Q1 25 | 0.71× | 0.69× | ||
| Q4 24 | 0.69× | 0.55× | ||
| Q3 24 | 0.68× | 0.58× | ||
| Q2 24 | 0.68× | 0.60× |
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 | — | $78.9M |
| 自由现金流经营现金流 - 资本支出 | $-628.1M | $64.3M |
| 自由现金流率自由现金流/营收 | -82.8% | 6.9% |
| 资本支出强度资本支出/营收 | 2.2% | 1.6% |
| 现金转化率经营现金流/净利润 | — | 4.22× |
| 过去12个月自由现金流最近4个季度 | $-154.0M | $278.3M |
8季度趋势，按日历期对齐
经营现金流FMCLCII
| Q1 26 | — | — | ||
| Q4 25 | $657.1M | $78.9M | ||
| Q3 25 | $-184.2M | $97.2M | ||
| Q2 25 | $65.9M | $112.2M | ||
| Q1 25 | $-545.0M | $42.7M | ||
| Q4 24 | $427.9M | $106.6M | ||
| Q3 24 | $159.5M | $78.4M | ||
| Q2 24 | $292.2M | $192.9M |
自由现金流FMCLCII
| Q1 26 | $-628.1M | — | ||
| Q4 25 | $631.1M | $64.3M | ||
| Q3 25 | $-207.9M | $80.9M | ||
| Q2 25 | $50.9M | $99.5M | ||
| Q1 25 | $-576.6M | $33.7M | ||
| Q4 24 | $406.3M | $95.7M | ||
| Q3 24 | $143.8M | $68.3M | ||
| Q2 24 | $282.3M | $180.2M |
自由现金流率FMCLCII
| Q1 26 | -82.8% | — | ||
| Q4 25 | 58.3% | 6.9% | ||
| Q3 25 | -38.3% | 7.8% | ||
| Q2 25 | 4.8% | 9.0% | ||
| Q1 25 | -72.9% | 3.2% | ||
| Q4 24 | 33.2% | 11.9% | ||
| Q3 24 | 13.5% | 7.5% | ||
| Q2 24 | 27.2% | 17.1% |
资本支出强度FMCLCII
| Q1 26 | 2.2% | — | ||
| Q4 25 | 2.4% | 1.6% | ||
| Q3 25 | 4.4% | 1.6% | ||
| Q2 25 | 1.4% | 1.2% | ||
| Q1 25 | 4.0% | 0.9% | ||
| Q4 24 | 1.8% | 1.4% | ||
| Q3 24 | 1.5% | 1.1% | ||
| Q2 24 | 1.0% | 1.2% |
现金转化率FMCLCII
| Q1 26 | — | — | ||
| Q4 25 | — | 4.22× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | 0.99× | 1.95× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 11.17× | ||
| Q3 24 | 2.45× | 2.20× | ||
| Q2 24 | 0.99× | 3.15× |
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
FMC
| EMEA | $307.0M | 40% |
| North America | $198.0M | 26% |
| Latin America | $177.0M | 23% |
| Asia (excluding 2026 India) 1 | $81.0M | 11% |
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% |
