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FOSTER L B CO（FSTR）与IPG PHOTONICS CORP（IPGP）财务数据对比。点击上方公司名可切换其他公司
IPG PHOTONICS CORP的季度营收约是FOSTER L B CO的1.7倍（$274.5M vs $160.4M），IPG PHOTONICS CORP净利率更高（4.8% vs 1.5%，领先3.3%），FOSTER L B CO同比增速更快（25.1% vs 17.1%），FOSTER L B CO自由现金流更多（$19.8M vs $10.9M），过去两年FOSTER L B CO的营收复合增速更高（13.6% vs 4.4%）
Foster L B Co.是一家总部位于美国的专业工业制造企业，主要生产销售工程通道产品、建筑组件及铁路基础设施用品，服务覆盖北美及部分全球地区的商业建筑、交通和工业领域客户。
IPG光电是全球领先的光纤激光器制造商，率先实现光纤激光器的技术研发与商业化落地，产品广泛应用于材料加工、医疗、电信等多元领域，在美国、德国、俄罗斯、意大利均设有生产基地，为全球各行业客户提供高性能的激光解决方案。
FSTR vs IPGP — 直观对比
营收规模更大
IPGP
是对方的1.7倍
$160.4M
营收增速更快
FSTR
高出8.0%
17.1%
净利率更高
IPGP
高出3.3%
1.5%
自由现金流更多
FSTR
多$8.9M
$10.9M
两年增速更快
FSTR
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $160.4M | $274.5M |
| 净利润 | $2.4M | $13.3M |
| 毛利率 | 19.7% | 36.1% |
| 营业利润率 | 4.9% | 1.2% |
| 净利率 | 1.5% | 4.8% |
| 营收同比 | 25.1% | 17.1% |
| 净利润同比 | 1098.3% | 69.8% |
| 每股收益（稀释后） | $0.22 | $0.30 |
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FSTRIPGP
| Q4 25 | $160.4M | $274.5M | ||
| Q3 25 | $138.3M | $250.8M | ||
| Q2 25 | $143.6M | $250.7M | ||
| Q1 25 | $97.8M | $227.8M | ||
| Q4 24 | $128.2M | $234.3M | ||
| Q3 24 | $137.5M | $233.1M | ||
| Q2 24 | $140.8M | $257.6M | ||
| Q1 24 | $124.3M | $252.0M |
净利润FSTRIPGP
| Q4 25 | $2.4M | $13.3M | ||
| Q3 25 | $4.4M | $7.5M | ||
| Q2 25 | $2.9M | $6.6M | ||
| Q1 25 | $-2.1M | $3.8M | ||
| Q4 24 | $-242.0K | $7.8M | ||
| Q3 24 | $35.9M | $-233.6M | ||
| Q2 24 | $2.8M | $20.2M | ||
| Q1 24 | $4.4M | $24.1M |
毛利率FSTRIPGP
| Q4 25 | 19.7% | 36.1% | ||
| Q3 25 | 22.5% | 39.5% | ||
| Q2 25 | 21.5% | 37.3% | ||
| Q1 25 | 20.6% | 39.4% | ||
| Q4 24 | 22.3% | 38.6% | ||
| Q3 24 | 23.8% | 23.2% | ||
| Q2 24 | 21.7% | 37.3% | ||
| Q1 24 | 21.1% | 38.7% |
营业利润率FSTRIPGP
| Q4 25 | 4.9% | 1.2% | ||
| Q3 25 | 6.0% | 3.1% | ||
| Q2 25 | 5.3% | 0.0% | ||
| Q1 25 | -2.0% | 0.8% | ||
| Q4 24 | 2.4% | 6.0% | ||
| Q3 24 | 5.3% | -108.7% | ||
| Q2 24 | 3.2% | 4.7% | ||
| Q1 24 | 4.5% | 7.6% |
净利率FSTRIPGP
| Q4 25 | 1.5% | 4.8% | ||
| Q3 25 | 3.1% | 3.0% | ||
| Q2 25 | 2.0% | 2.6% | ||
| Q1 25 | -2.2% | 1.6% | ||
| Q4 24 | -0.2% | 3.3% | ||
| Q3 24 | 26.1% | -100.2% | ||
| Q2 24 | 2.0% | 7.8% | ||
| Q1 24 | 3.6% | 9.6% |
每股收益（稀释后）FSTRIPGP
| Q4 25 | $0.22 | $0.30 | ||
| Q3 25 | $0.40 | $0.18 | ||
| Q2 25 | $0.27 | $0.16 | ||
| Q1 25 | $-0.20 | $0.09 | ||
| Q4 24 | $-0.04 | $0.27 | ||
| Q3 24 | $3.27 | $-5.33 | ||
| Q2 24 | $0.26 | $0.45 | ||
| Q1 24 | $0.40 | $0.52 |
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 | $4.3M | $839.3M |
| 总债务越低越好 | $42.6M | — |
| 股东权益账面价值 | $175.3M | $2.1B |
| 总资产 | $330.4M | $2.4B |
| 负债/权益比越低杠杆越低 | 0.24× | — |
8季度趋势，按日历期对齐
现金及短期投资FSTRIPGP
| Q4 25 | $4.3M | $839.3M | ||
| Q3 25 | $3.4M | $870.4M | ||
| Q2 25 | $4.2M | $899.6M | ||
| Q1 25 | $2.6M | $926.9M | ||
| Q4 24 | $2.5M | $930.2M | ||
| Q3 24 | $3.1M | $1.0B | ||
| Q2 24 | $4.0M | $1.1B | ||
| Q1 24 | $3.1M | $1.1B |
总债务FSTRIPGP
| Q4 25 | $42.6M | — | ||
| Q3 25 | $58.6M | — | ||
| Q2 25 | $81.4M | — | ||
| Q1 25 | $82.3M | — | ||
| Q4 24 | $46.8M | — | ||
| Q3 24 | $68.4M | — | ||
| Q2 24 | $87.0M | — | ||
| Q1 24 | $77.9M | — |
股东权益FSTRIPGP
| Q4 25 | $175.3M | $2.1B | ||
| Q3 25 | $174.8M | $2.1B | ||
| Q2 25 | $174.4M | $2.1B | ||
| Q1 25 | $170.8M | $2.1B | ||
| Q4 24 | $178.3M | $2.0B | ||
| Q3 24 | $181.9M | $2.1B | ||
| Q2 24 | $147.1M | $2.3B | ||
| Q1 24 | $144.6M | $2.3B |
总资产FSTRIPGP
| Q4 25 | $330.4M | $2.4B | ||
| Q3 25 | $333.9M | $2.4B | ||
| Q2 25 | $349.9M | $2.4B | ||
| Q1 25 | $342.8M | $2.3B | ||
| Q4 24 | $334.6M | $2.3B | ||
| Q3 24 | $344.5M | $2.4B | ||
| Q2 24 | $333.3M | $2.5B | ||
| Q1 24 | $326.4M | $2.6B |
负债/权益比FSTRIPGP
| Q4 25 | 0.24× | — | ||
| Q3 25 | 0.33× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.54× | — |
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 | $22.2M | $28.8M |
| 自由现金流经营现金流 - 资本支出 | $19.8M | $10.9M |
| 自由现金流率自由现金流/营收 | 12.3% | 4.0% |
| 资本支出强度资本支出/营收 | 1.5% | 6.5% |
| 现金转化率经营现金流/净利润 | 9.18× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $25.2M | $-3.5M |
8季度趋势，按日历期对齐
经营现金流FSTRIPGP
| Q4 25 | $22.2M | $28.8M | ||
| Q3 25 | $29.2M | $35.3M | ||
| Q2 25 | $10.4M | $-2.2M | ||
| Q1 25 | $-26.1M | $13.4M | ||
| Q4 24 | $24.3M | $73.8M | ||
| Q3 24 | $24.7M | $66.1M | ||
| Q2 24 | $-5.0M | $53.5M | ||
| Q1 24 | $-21.4M | $54.6M |
自由现金流FSTRIPGP
| Q4 25 | $19.8M | $10.9M | ||
| Q3 25 | $26.4M | $14.6M | ||
| Q2 25 | $7.7M | $-17.6M | ||
| Q1 25 | $-28.7M | $-11.4M | ||
| Q4 24 | $22.3M | $50.6M | ||
| Q3 24 | $21.7M | $43.0M | ||
| Q2 24 | $-7.0M | $29.2M | ||
| Q1 24 | $-24.2M | $26.5M |
自由现金流率FSTRIPGP
| Q4 25 | 12.3% | 4.0% | ||
| Q3 25 | 19.1% | 5.8% | ||
| Q2 25 | 5.4% | -7.0% | ||
| Q1 25 | -29.4% | -5.0% | ||
| Q4 24 | 17.4% | 21.6% | ||
| Q3 24 | 15.8% | 18.4% | ||
| Q2 24 | -5.0% | 11.3% | ||
| Q1 24 | -19.4% | 10.5% |
资本支出强度FSTRIPGP
| Q4 25 | 1.5% | 6.5% | ||
| Q3 25 | 2.0% | 8.3% | ||
| Q2 25 | 1.9% | 6.1% | ||
| Q1 25 | 2.6% | 10.9% | ||
| Q4 24 | 1.5% | 9.9% | ||
| Q3 24 | 2.2% | 9.9% | ||
| Q2 24 | 1.5% | 9.4% | ||
| Q1 24 | 2.2% | 11.1% |
现金转化率FSTRIPGP
| Q4 25 | 9.18× | 2.17× | ||
| Q3 25 | 6.70× | 4.73× | ||
| Q2 25 | 3.61× | -0.34× | ||
| Q1 25 | — | 3.58× | ||
| Q4 24 | — | 9.44× | ||
| Q3 24 | 0.69× | — | ||
| Q2 24 | -1.74× | 2.65× | ||
| Q1 24 | -4.83× | 2.27× |
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
FSTR
| Rail Technologies And Services Segment | $98.0M | 61% |
| Over Time Output Method | $26.3M | 16% |
| Services | $19.4M | 12% |
| Rail Technologies Products | $10.0M | 6% |
| Over Time Input Method | $8.3M | 5% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
