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格罗方德（GFS）与LCI INDUSTRIES（LCII）财务数据对比。点击上方公司名可切换其他公司
格罗方德的季度营收约是LCI INDUSTRIES的1.8倍（$1.7B vs $932.7M），格罗方德净利率更高（14.8% vs 2.0%，领先12.7%），LCI INDUSTRIES同比增速更快（16.1% vs -2.9%），过去两年LCI INDUSTRIES的营收复合增速更高（-1.8% vs -4.3%）
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
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。
GFS vs LCII — 直观对比
营收规模更大
GFS
是对方的1.8倍
$932.7M
营收增速更快
LCII
高出19.1%
-2.9%
净利率更高
GFS
高出12.7%
2.0%
两年增速更快
LCII
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $932.7M |
| 净利润 | $249.0M | $18.7M |
| 毛利率 | 24.8% | 22.1% |
| 营业利润率 | 11.6% | 3.8% |
| 净利率 | 14.8% | 2.0% |
| 营收同比 | -2.9% | 16.1% |
| 净利润同比 | 39.9% | 95.7% |
| 每股收益（稀释后） | $0.44 | $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GFSLCII
| Q4 25 | — | $932.7M | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | — | $803.1M | ||
| Q3 24 | $1.7B | $915.5M | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $1.5B | $968.0M |
净利润GFSLCII
| Q4 25 | — | $18.7M | ||
| Q3 25 | $249.0M | $62.5M | ||
| Q2 25 | $228.0M | $57.6M | ||
| Q1 25 | $211.0M | $49.4M | ||
| Q4 24 | — | $9.5M | ||
| Q3 24 | $178.0M | $35.6M | ||
| Q2 24 | $155.0M | $61.2M | ||
| Q1 24 | $134.0M | $36.5M |
毛利率GFSLCII
| Q4 25 | — | 22.1% | ||
| Q3 25 | 24.8% | 24.4% | ||
| Q2 25 | 24.2% | 24.4% | ||
| Q1 25 | 22.4% | 24.1% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | 23.8% | 24.0% | ||
| Q2 24 | 24.2% | 25.3% | ||
| Q1 24 | 25.4% | 23.1% |
营业利润率GFSLCII
| Q4 25 | — | 3.8% | ||
| Q3 25 | 11.6% | 7.3% | ||
| Q2 25 | 11.6% | 7.9% | ||
| Q1 25 | 9.5% | 7.8% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | 10.6% | 5.9% | ||
| Q2 24 | 9.5% | 8.6% | ||
| Q1 24 | 9.5% | 6.0% |
净利率GFSLCII
| Q4 25 | — | 2.0% | ||
| Q3 25 | 14.8% | 6.0% | ||
| Q2 25 | 13.5% | 5.2% | ||
| Q1 25 | 13.3% | 4.7% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | 10.2% | 3.9% | ||
| Q2 24 | 9.5% | 5.8% | ||
| Q1 24 | 8.7% | 3.8% |
每股收益（稀释后）GFSLCII
| Q4 25 | — | $0.79 | ||
| Q3 25 | $0.44 | $2.55 | ||
| Q2 25 | $0.41 | $2.29 | ||
| Q1 25 | $0.38 | $1.94 | ||
| Q4 24 | — | $0.37 | ||
| Q3 24 | $0.32 | $1.39 | ||
| Q2 24 | $0.28 | $2.40 | ||
| Q1 24 | $0.24 | $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 | $2.0B | $222.6M |
| 总债务越低越好 | — | $945.2M |
| 股东权益账面价值 | $11.8B | $1.4B |
| 总资产 | $16.7B | $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GFSLCII
| Q4 25 | — | $222.6M | ||
| Q3 25 | $2.0B | $199.7M | ||
| Q2 25 | $1.8B | $191.9M | ||
| Q1 25 | $1.6B | $231.2M | ||
| Q4 24 | — | $165.8M | ||
| Q3 24 | $2.3B | $161.2M | ||
| Q2 24 | $2.2B | $130.4M | ||
| Q1 24 | $2.2B | $22.6M |
总债务GFSLCII
| 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GFSLCII
| Q4 25 | — | $1.4B | ||
| Q3 25 | $11.8B | $1.4B | ||
| Q2 25 | $11.5B | $1.4B | ||
| Q1 25 | $11.1B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $11.6B | $1.4B | ||
| Q2 24 | $11.3B | $1.4B | ||
| Q1 24 | $11.3B | $1.4B |
总资产GFSLCII
| Q4 25 | — | $3.2B | ||
| Q3 25 | $16.7B | $3.2B | ||
| Q2 25 | $16.8B | $3.2B | ||
| Q1 25 | $16.5B | $3.1B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $18.1B | $3.0B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
负债/权益比GFSLCII
| 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 | $595.0M | $78.9M |
| 自由现金流经营现金流 - 资本支出 | — | $64.3M |
| 自由现金流率自由现金流/营收 | — | 6.9% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | 2.39× | 4.22× |
| 过去12个月自由现金流最近4个季度 | — | $278.3M |
8季度趋势，按日历期对齐
经营现金流GFSLCII
| Q4 25 | — | $78.9M | ||
| Q3 25 | $595.0M | $97.2M | ||
| Q2 25 | $431.0M | $112.2M | ||
| Q1 25 | $331.0M | $42.7M | ||
| Q4 24 | — | $106.6M | ||
| Q3 24 | $375.0M | $78.4M | ||
| Q2 24 | $402.0M | $192.9M | ||
| Q1 24 | $488.0M | $-7.7M |
自由现金流GFSLCII
| Q4 25 | — | $64.3M | ||
| Q3 25 | — | $80.9M | ||
| Q2 25 | — | $99.5M | ||
| Q1 25 | — | $33.7M | ||
| Q4 24 | — | $95.7M | ||
| Q3 24 | — | $68.3M | ||
| Q2 24 | — | $180.2M | ||
| Q1 24 | — | $-16.3M |
自由现金流率GFSLCII
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 9.0% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 17.1% | ||
| Q1 24 | — | -1.7% |
资本支出强度GFSLCII
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 0.9% |
现金转化率GFSLCII
| Q4 25 | — | 4.22× | ||
| Q3 25 | 2.39× | 1.55× | ||
| Q2 25 | 1.89× | 1.95× | ||
| Q1 25 | 1.57× | 0.86× | ||
| Q4 24 | — | 11.17× | ||
| Q3 24 | 2.11× | 2.20× | ||
| Q2 24 | 2.59× | 3.15× | ||
| Q1 24 | 3.64× | -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
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
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% |
