vs
盖尔斯（GES）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的季度营收约是盖尔斯的1.2倍（$932.7M vs $791.4M），盖尔斯净利率更高（3.2% vs 2.0%，领先1.2%），LCI INDUSTRIES同比增速更快（16.1% vs 7.2%），LCI INDUSTRIES自由现金流更多（$64.3M vs $-56.3M），过去两年LCI INDUSTRIES的营收复合增速更高（-1.8% vs -5.8%）
盖尔斯是美国知名服饰品牌企业，以标志性的黑白风格广告广为人知。除核心服饰产品外，品牌还通过品牌授权模式推出腕表、珠宝、香水、包袋、鞋履等各类时尚配饰，在全球时尚消费市场拥有较高知名度。
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。
GES vs LCII — 直观对比
营收规模更大
LCII
是对方的1.2倍
$791.4M
营收增速更快
LCII
高出9.0%
7.2%
净利率更高
GES
高出1.2%
2.0%
自由现金流更多
LCII
多$120.6M
$-56.3M
两年增速更快
LCII
近两年复合增速
-5.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $791.4M | $932.7M |
| 净利润 | $25.6M | $18.7M |
| 毛利率 | 42.5% | 22.1% |
| 营业利润率 | 2.9% | 3.8% |
| 净利率 | 3.2% | 2.0% |
| 营收同比 | 7.2% | 16.1% |
| 净利润同比 | 209.6% | 95.7% |
| 每股收益（稀释后） | $0.48 | $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GESLCII
| Q4 25 | $791.4M | $932.7M | ||
| Q3 25 | $772.9M | $1.0B | ||
| Q2 25 | $647.8M | $1.1B | ||
| Q1 25 | $932.3M | $1.0B | ||
| Q4 24 | $738.5M | $803.1M | ||
| Q3 24 | $732.6M | $915.5M | ||
| Q2 24 | $591.9M | $1.1B | ||
| Q1 24 | $891.0M | $968.0M |
净利润GESLCII
| Q4 25 | $25.6M | $18.7M | ||
| Q3 25 | $6.2M | $62.5M | ||
| Q2 25 | $-32.9M | $57.6M | ||
| Q1 25 | $81.4M | $49.4M | ||
| Q4 24 | $-23.4M | $9.5M | ||
| Q3 24 | $-10.6M | $35.6M | ||
| Q2 24 | $13.0M | $61.2M | ||
| Q1 24 | $115.3M | $36.5M |
毛利率GESLCII
| Q4 25 | 42.5% | 22.1% | ||
| Q3 25 | 42.5% | 24.4% | ||
| Q2 25 | 39.9% | 24.4% | ||
| Q1 25 | 44.1% | 24.1% | ||
| Q4 24 | 43.6% | 21.1% | ||
| Q3 24 | 43.7% | 24.0% | ||
| Q2 24 | 41.9% | 25.3% | ||
| Q1 24 | 45.4% | 23.1% |
营业利润率GESLCII
| Q4 25 | 2.9% | 3.8% | ||
| Q3 25 | 2.3% | 7.3% | ||
| Q2 25 | -5.1% | 7.9% | ||
| Q1 25 | 11.1% | 7.8% | ||
| Q4 24 | 5.7% | 2.0% | ||
| Q3 24 | 6.5% | 5.9% | ||
| Q2 24 | -3.4% | 8.6% | ||
| Q1 24 | 16.3% | 6.0% |
净利率GESLCII
| Q4 25 | 3.2% | 2.0% | ||
| Q3 25 | 0.8% | 6.0% | ||
| Q2 25 | -5.1% | 5.2% | ||
| Q1 25 | 8.7% | 4.7% | ||
| Q4 24 | -3.2% | 1.2% | ||
| Q3 24 | -1.4% | 3.9% | ||
| Q2 24 | 2.2% | 5.8% | ||
| Q1 24 | 12.9% | 3.8% |
每股收益（稀释后）GESLCII
| Q4 25 | $0.48 | $0.79 | ||
| Q3 25 | $0.12 | $2.55 | ||
| Q2 25 | $-0.65 | $2.29 | ||
| Q1 25 | $1.29 | $1.94 | ||
| Q4 24 | $-0.47 | $0.37 | ||
| Q3 24 | $-0.28 | $1.39 | ||
| Q2 24 | $0.23 | $2.40 | ||
| Q1 24 | $1.90 | $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 | $154.2M | $222.6M |
| 总债务越低越好 | $299.5M | $945.2M |
| 股东权益账面价值 | $508.5M | $1.4B |
| 总资产 | $3.0B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资GESLCII
| Q4 25 | $154.2M | $222.6M | ||
| Q3 25 | $189.6M | $199.7M | ||
| Q2 25 | $151.2M | $191.9M | ||
| Q1 25 | $187.7M | $231.2M | ||
| Q4 24 | $140.9M | $165.8M | ||
| Q3 24 | $218.9M | $161.2M | ||
| Q2 24 | $241.7M | $130.4M | ||
| Q1 24 | $360.3M | $22.6M |
总债务GESLCII
| Q4 25 | $299.5M | $945.2M | ||
| Q3 25 | $258.4M | $947.8M | ||
| Q2 25 | $241.7M | $948.0M | ||
| Q1 25 | $150.7M | $938.3M | ||
| Q4 24 | $238.3M | $757.3M | ||
| Q3 24 | $187.8M | $822.5M | ||
| Q2 24 | $196.9M | $829.7M | ||
| Q1 24 | $28.2M | $855.3M |
股东权益GESLCII
| Q4 25 | $508.5M | $1.4B | ||
| Q3 25 | $487.6M | $1.4B | ||
| Q2 25 | $483.6M | $1.4B | ||
| Q1 25 | $505.0M | $1.4B | ||
| Q4 24 | $450.7M | $1.4B | ||
| Q3 24 | $491.2M | $1.4B | ||
| Q2 24 | $565.5M | $1.4B | ||
| Q1 24 | $684.9M | $1.4B |
总资产GESLCII
| Q4 25 | $3.0B | $3.2B | ||
| Q3 25 | $3.0B | $3.2B | ||
| Q2 25 | $2.9B | $3.2B | ||
| Q1 25 | $2.8B | $3.1B | ||
| Q4 24 | $2.8B | $2.9B | ||
| Q3 24 | $2.8B | $3.0B | ||
| Q2 24 | $2.7B | $3.0B | ||
| Q1 24 | $2.6B | $3.0B |
负债/权益比GESLCII
| Q4 25 | 0.59× | 0.69× | ||
| Q3 25 | 0.53× | 0.70× | ||
| Q2 25 | 0.50× | 0.68× | ||
| Q1 25 | 0.30× | 0.69× | ||
| Q4 24 | 0.53× | 0.55× | ||
| Q3 24 | 0.38× | 0.58× | ||
| Q2 24 | 0.35× | 0.60× | ||
| Q1 24 | 0.04× | 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 | $-39.5M | $78.9M |
| 自由现金流经营现金流 - 资本支出 | $-56.3M | $64.3M |
| 自由现金流率自由现金流/营收 | -7.1% | 6.9% |
| 资本支出强度资本支出/营收 | 2.1% | 1.6% |
| 现金转化率经营现金流/净利润 | -1.54× | 4.22× |
| 过去12个月自由现金流最近4个季度 | $62.5M | $278.3M |
8季度趋势，按日历期对齐
经营现金流GESLCII
| Q4 25 | $-39.5M | $78.9M | ||
| Q3 25 | $74.9M | $97.2M | ||
| Q2 25 | $-73.4M | $112.2M | ||
| Q1 25 | $183.2M | $42.7M | ||
| Q4 24 | $-83.3M | $106.6M | ||
| Q3 24 | $44.7M | $78.4M | ||
| Q2 24 | $-22.9M | $192.9M | ||
| Q1 24 | $289.5M | $-7.7M |
自由现金流GESLCII
| Q4 25 | $-56.3M | $64.3M | ||
| Q3 25 | $53.4M | $80.9M | ||
| Q2 25 | $-95.3M | $99.5M | ||
| Q1 25 | $160.7M | $33.7M | ||
| Q4 24 | $-105.4M | $95.7M | ||
| Q3 24 | $24.3M | $68.3M | ||
| Q2 24 | $-44.0M | $180.2M | ||
| Q1 24 | $267.8M | $-16.3M |
自由现金流率GESLCII
| Q4 25 | -7.1% | 6.9% | ||
| Q3 25 | 6.9% | 7.8% | ||
| Q2 25 | -14.7% | 9.0% | ||
| Q1 25 | 17.2% | 3.2% | ||
| Q4 24 | -14.3% | 11.9% | ||
| Q3 24 | 3.3% | 7.5% | ||
| Q2 24 | -7.4% | 17.1% | ||
| Q1 24 | 30.1% | -1.7% |
资本支出强度GESLCII
| Q4 25 | 2.1% | 1.6% | ||
| Q3 25 | 2.8% | 1.6% | ||
| Q2 25 | 3.4% | 1.2% | ||
| Q1 25 | 2.4% | 0.9% | ||
| Q4 24 | 3.0% | 1.4% | ||
| Q3 24 | 2.8% | 1.1% | ||
| Q2 24 | 3.6% | 1.2% | ||
| Q1 24 | 2.4% | 0.9% |
现金转化率GESLCII
| Q4 25 | -1.54× | 4.22× | ||
| Q3 25 | 12.00× | 1.55× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | 2.25× | 0.86× | ||
| Q4 24 | — | 11.17× | ||
| Q3 24 | — | 2.20× | ||
| Q2 24 | -1.76× | 3.15× | ||
| Q1 24 | 2.51× | -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
GES
| Products | $760.3M | 96% |
| Royalty | $31.1M | 4% |
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% |
