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宜瑞安（INGR）与露露乐蒙（LULU）财务数据对比。点击上方公司名可切换其他公司
露露乐蒙的季度营收约是宜瑞安的1.5倍（$2.6B vs $1.8B），露露乐蒙净利率更高（12.0% vs 9.5%，领先2.5%），露露乐蒙同比增速更快（7.1% vs -2.4%），宜瑞安自由现金流更多（$270.0M vs $82.4M），过去两年宜瑞安的营收复合增速更高（-3.4% vs -10.5%）
宜瑞安（Ingredion Inc.）是总部位于美国伊利诺伊州的食品饮料配料供应商，主打产品包括淀粉、非转基因甜味剂、甜菊糖、豌豆蛋白等，以玉米、木薯、马铃薯、谷物、果蔬等为原料，产品供应食品、饮料、酿造、制药等多个行业，在全球44个站点拥有约1.2万名员工，客户覆盖超120个国家。
露露乐蒙是源自美国和加拿大的跨国运动服饰零售商，1998年成立初期主打瑜伽裤及其他瑜伽服饰，目前已拓展业务至运动装备、休闲服饰、配件及个护产品，总部位于加拿大不列颠哥伦比亚省温哥华，共拥有767家线下门店，同时开设官方网站提供线上销售服务。
INGR vs LULU — 直观对比
营收规模更大
LULU
是对方的1.5倍
$1.8B
营收增速更快
LULU
高出9.5%
-2.4%
净利率更高
LULU
高出2.5%
9.5%
自由现金流更多
INGR
多$187.6M
$82.4M
两年增速更快
INGR
近两年复合增速
-10.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.6B |
| 净利润 | $167.0M | $306.8M |
| 毛利率 | 24.5% | 55.6% |
| 营业利润率 | 12.5% | 17.0% |
| 净利率 | 9.5% | 12.0% |
| 营收同比 | -2.4% | 7.1% |
| 净利润同比 | 72.2% | -12.8% |
| 每股收益（稀释后） | $2.58 | $2.59 |
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INGRLULU
| Q4 25 | $1.8B | $2.6B | ||
| Q3 25 | $1.8B | $2.5B | ||
| Q2 25 | $1.8B | $2.4B | ||
| Q1 25 | $1.8B | $3.6B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.9B | $2.4B | ||
| Q2 24 | $1.9B | $2.2B | ||
| Q1 24 | $1.9B | $3.2B |
净利润INGRLULU
| Q4 25 | $167.0M | $306.8M | ||
| Q3 25 | $171.0M | $370.9M | ||
| Q2 25 | $196.0M | $314.6M | ||
| Q1 25 | $197.0M | $748.4M | ||
| Q4 24 | $97.0M | $351.9M | ||
| Q3 24 | $188.0M | $392.9M | ||
| Q2 24 | $148.0M | $321.4M | ||
| Q1 24 | $216.0M | $669.5M |
毛利率INGRLULU
| Q4 25 | 24.5% | 55.6% | ||
| Q3 25 | 25.1% | 58.5% | ||
| Q2 25 | 26.0% | 58.3% | ||
| Q1 25 | 25.7% | 60.4% | ||
| Q4 24 | 24.9% | 58.5% | ||
| Q3 24 | 25.6% | 59.6% | ||
| Q2 24 | 23.7% | 57.7% | ||
| Q1 24 | 22.2% | 59.4% |
营业利润率INGRLULU
| Q4 25 | 12.5% | 17.0% | ||
| Q3 25 | 13.7% | 20.7% | ||
| Q2 25 | 14.8% | 18.5% | ||
| Q1 25 | 15.2% | 28.9% | ||
| Q4 24 | 9.0% | 20.5% | ||
| Q3 24 | 14.3% | 22.8% | ||
| Q2 24 | 12.8% | 19.6% | ||
| Q1 24 | 11.3% | 28.5% |
净利率INGRLULU
| Q4 25 | 9.5% | 12.0% | ||
| Q3 25 | 9.4% | 14.7% | ||
| Q2 25 | 10.7% | 13.3% | ||
| Q1 25 | 10.9% | 20.7% | ||
| Q4 24 | 5.4% | 14.7% | ||
| Q3 24 | 10.1% | 16.6% | ||
| Q2 24 | 7.9% | 14.6% | ||
| Q1 24 | 11.5% | 20.9% |
每股收益（稀释后）INGRLULU
| Q4 25 | $2.58 | $2.59 | ||
| Q3 25 | $2.61 | $3.10 | ||
| Q2 25 | $2.99 | $2.60 | ||
| Q1 25 | $3.00 | $6.08 | ||
| Q4 24 | $1.43 | $2.87 | ||
| Q3 24 | $2.83 | $3.15 | ||
| Q2 24 | $2.22 | $2.54 | ||
| Q1 24 | $3.23 | $5.28 |
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 | $1.0B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.3B | $4.5B |
| 总资产 | $7.9B | $8.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资INGRLULU
| Q4 25 | $1.0B | — | ||
| Q3 25 | $915.0M | — | ||
| Q2 25 | $861.0M | — | ||
| Q1 25 | $837.0M | — | ||
| Q4 24 | $997.0M | — | ||
| Q3 24 | $877.0M | — | ||
| Q2 24 | $505.0M | — | ||
| Q1 24 | $438.0M | — |
股东权益INGRLULU
| Q4 25 | $4.3B | $4.5B | ||
| Q3 25 | $4.2B | $4.4B | ||
| Q2 25 | $4.2B | $4.3B | ||
| Q1 25 | $4.0B | $4.3B | ||
| Q4 24 | $3.8B | $4.0B | ||
| Q3 24 | $4.0B | $4.0B | ||
| Q2 24 | $3.7B | $4.2B | ||
| Q1 24 | $3.7B | $4.2B |
总资产INGRLULU
| Q4 25 | $7.9B | $8.0B | ||
| Q3 25 | $7.8B | $7.5B | ||
| Q2 25 | $7.8B | $7.4B | ||
| Q1 25 | $7.5B | $7.6B | ||
| Q4 24 | $7.4B | $7.1B | ||
| Q3 24 | $7.5B | $6.7B | ||
| Q2 24 | $7.2B | $6.8B | ||
| Q1 24 | $7.3B | $7.1B |
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 | $405.0M | $249.9M |
| 自由现金流经营现金流 - 资本支出 | $270.0M | $82.4M |
| 自由现金流率自由现金流/营收 | 15.4% | 3.2% |
| 资本支出强度资本支出/营收 | 7.7% | 6.5% |
| 现金转化率经营现金流/净利润 | 2.43× | 0.81× |
| 过去12个月自由现金流最近4个季度 | $511.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流INGRLULU
| Q4 25 | $405.0M | $249.9M | ||
| Q3 25 | $277.0M | $328.7M | ||
| Q2 25 | $185.0M | $-119.0M | ||
| Q1 25 | $77.0M | $1.4B | ||
| Q4 24 | $436.0M | $300.7M | ||
| Q3 24 | $479.0M | $443.1M | ||
| Q2 24 | $312.0M | $127.5M | ||
| Q1 24 | $209.0M | $1.4B |
自由现金流INGRLULU
| Q4 25 | $270.0M | $82.4M | ||
| Q3 25 | $172.0M | $150.8M | ||
| Q2 25 | $84.0M | $-271.2M | ||
| Q1 25 | $-15.0M | $1.2B | ||
| Q4 24 | $311.0M | $122.2M | ||
| Q3 24 | $429.0M | $298.1M | ||
| Q2 24 | $257.0M | $-3.2M | ||
| Q1 24 | $144.0M | $1.2B |
自由现金流率INGRLULU
| Q4 25 | 15.4% | 3.2% | ||
| Q3 25 | 9.5% | 6.0% | ||
| Q2 25 | 4.6% | -11.4% | ||
| Q1 25 | -0.8% | 32.3% | ||
| Q4 24 | 17.3% | 5.1% | ||
| Q3 24 | 22.9% | 12.6% | ||
| Q2 24 | 13.7% | -0.1% | ||
| Q1 24 | 7.7% | 36.7% |
资本支出强度INGRLULU
| Q4 25 | 7.7% | 6.5% | ||
| Q3 25 | 5.8% | 7.0% | ||
| Q2 25 | 5.5% | 6.4% | ||
| Q1 25 | 5.1% | 6.5% | ||
| Q4 24 | 6.9% | 7.4% | ||
| Q3 24 | 2.7% | 6.1% | ||
| Q2 24 | 2.9% | 5.9% | ||
| Q1 24 | 3.5% | 6.4% |
现金转化率INGRLULU
| Q4 25 | 2.43× | 0.81× | ||
| Q3 25 | 1.62× | 0.89× | ||
| Q2 25 | 0.94× | -0.38× | ||
| Q1 25 | 0.39× | 1.87× | ||
| Q4 24 | 4.49× | 0.85× | ||
| Q3 24 | 2.55× | 1.13× | ||
| Q2 24 | 2.11× | 0.40× | ||
| Q1 24 | 0.97× | 2.07× |
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
INGR
| Food And Industrial Ingredients LATAM Segment | $599.0M | 34% |
| Texture And Healthful Solutions Segment | $598.0M | 34% |
| Food And Industrial Ingredients U.S.Canada Segment | $486.0M | 28% |
| Other | $74.0M | 4% |
LULU
| Womens Apparel | $1.6B | 64% |
| Mens Apparel | $596.2M | 23% |
| Accessories And Other Categories | $324.7M | 13% |
