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国际纸业（IP）与LITHIA MOTORS INC（LAD）财务数据对比。点击上方公司名可切换其他公司
LITHIA MOTORS INC的季度营收约是国际纸业的1.9倍（$9.2B vs $4.7B），LITHIA MOTORS INC净利率更高（1.5% vs -50.3%，领先51.7%），国际纸业同比增速更快（3.6% vs 0.3%），国际纸业自由现金流更多（$255.0M vs $30.5M），过去两年LITHIA MOTORS INC的营收复合增速更高（3.6% vs 1.3%）
国际纸业是总部位于美国田纳西州孟菲斯的纸浆及造纸企业，为全球规模最大的同类型企业，目前拥有约3.9万名员工，产品覆盖纸浆、包装用纸、办公用纸等品类，业务遍及全球多个国家和地区，广泛服务各行业客户的相关需求。
Lithia Motors Inc.是总部位于美国俄勒冈州梅德福的全国性汽车经销商集团，按营收计算为2025年美国规模最大的汽车零售商，领先于AutoNation、潘世奇汽车集团等竞争对手。截至2024年12月31日，该公司在美、加、英三国运营459家经销网点，全球员工约3万人。
IP vs LAD — 直观对比
营收规模更大
LAD
是对方的1.9倍
$4.7B
营收增速更快
IP
高出3.3%
0.3%
净利率更高
LAD
高出51.7%
-50.3%
自由现金流更多
IP
多$224.5M
$30.5M
两年增速更快
LAD
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $9.2B |
| 净利润 | $-2.4B | $136.9M |
| 毛利率 | 32.2% | 14.9% |
| 营业利润率 | -56.4% | 3.7% |
| 净利率 | -50.3% | 1.5% |
| 营收同比 | 3.6% | 0.3% |
| 净利润同比 | -1521.8% | -36.6% |
| 每股收益（稀释后） | $-4.76 | $5.90 |
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IPLAD
| Q4 25 | $4.7B | $9.2B | ||
| Q3 25 | $6.2B | $9.7B | ||
| Q2 25 | $6.8B | $9.6B | ||
| Q1 25 | $5.9B | $9.2B | ||
| Q4 24 | $4.6B | $9.2B | ||
| Q3 24 | $4.7B | $9.2B | ||
| Q2 24 | $4.7B | $9.2B | ||
| Q1 24 | $4.6B | $8.6B |
净利润IPLAD
| Q4 25 | $-2.4B | $136.9M | ||
| Q3 25 | $-1.1B | $217.1M | ||
| Q2 25 | $75.0M | $256.1M | ||
| Q1 25 | $-105.0M | $209.5M | ||
| Q4 24 | $-147.0M | $216.1M | ||
| Q3 24 | $150.0M | $209.1M | ||
| Q2 24 | $498.0M | $214.2M | ||
| Q1 24 | $56.0M | $162.6M |
毛利率IPLAD
| Q4 25 | 32.2% | 14.9% | ||
| Q3 25 | 31.1% | 15.2% | ||
| Q2 25 | 27.9% | 15.5% | ||
| Q1 25 | 27.8% | 15.4% | ||
| Q4 24 | 29.0% | 15.0% | ||
| Q3 24 | 28.7% | 15.5% | ||
| Q2 24 | 29.0% | 15.4% | ||
| Q1 24 | 25.9% | 15.6% |
营业利润率IPLAD
| Q4 25 | -56.4% | 3.7% | ||
| Q3 25 | -10.8% | 4.4% | ||
| Q2 25 | 1.7% | 4.4% | ||
| Q1 25 | -2.3% | 4.4% | ||
| Q4 24 | -4.9% | 4.5% | ||
| Q3 24 | 5.1% | 4.6% | ||
| Q2 24 | 6.8% | 4.3% | ||
| Q1 24 | 3.7% | 4.0% |
净利率IPLAD
| Q4 25 | -50.3% | 1.5% | ||
| Q3 25 | -17.7% | 2.2% | ||
| Q2 25 | 1.1% | 2.7% | ||
| Q1 25 | -1.8% | 2.3% | ||
| Q4 24 | -3.2% | 2.4% | ||
| Q3 24 | 3.2% | 2.3% | ||
| Q2 24 | 10.5% | 2.3% | ||
| Q1 24 | 1.2% | 1.9% |
每股收益（稀释后）IPLAD
| Q4 25 | $-4.76 | $5.90 | ||
| Q3 25 | $-2.09 | $8.61 | ||
| Q2 25 | $0.14 | $9.87 | ||
| Q1 25 | $-0.24 | $7.94 | ||
| Q4 24 | $-0.42 | $8.09 | ||
| Q3 24 | $0.42 | $7.80 | ||
| Q2 24 | $1.41 | $7.87 | ||
| Q1 24 | $0.16 | $5.89 |
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 | $1.1B | — |
| 总债务越低越好 | $8.8B | $9.7B |
| 股东权益账面价值 | $14.8B | $6.6B |
| 总资产 | $38.0B | $25.1B |
| 负债/权益比越低杠杆越低 | 0.60× | 1.47× |
8季度趋势，按日历期对齐
现金及短期投资IPLAD
| Q4 25 | $1.1B | — | ||
| Q3 25 | $995.0M | $206.5M | ||
| Q2 25 | $1.1B | $202.8M | ||
| Q1 25 | $1.2B | $234.4M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | $209.8M | ||
| Q2 24 | $1.0B | $516.4M | ||
| Q1 24 | $1.1B | $264.4M |
总债务IPLAD
| Q4 25 | $8.8B | $9.7B | ||
| Q3 25 | $9.0B | — | ||
| Q2 25 | $9.7B | — | ||
| Q1 25 | $9.2B | — | ||
| Q4 24 | $5.4B | $8.2B | ||
| Q3 24 | $5.3B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.5B | — |
股东权益IPLAD
| Q4 25 | $14.8B | $6.6B | ||
| Q3 25 | $17.3B | $6.8B | ||
| Q2 25 | $18.6B | $7.0B | ||
| Q1 25 | $18.1B | $6.8B | ||
| Q4 24 | $8.2B | $6.7B | ||
| Q3 24 | $8.6B | $6.6B | ||
| Q2 24 | $8.6B | $6.4B | ||
| Q1 24 | $8.3B | $6.4B |
总资产IPLAD
| Q4 25 | $38.0B | $25.1B | ||
| Q3 25 | $40.6B | $24.5B | ||
| Q2 25 | $42.4B | $24.2B | ||
| Q1 25 | $41.2B | $23.5B | ||
| Q4 24 | $22.8B | $23.1B | ||
| Q3 24 | $23.2B | $23.3B | ||
| Q2 24 | $23.1B | $23.2B | ||
| Q1 24 | $23.0B | $22.2B |
负债/权益比IPLAD
| Q4 25 | 0.60× | 1.47× | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.66× | 1.23× | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.66× | — |
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 | $905.0M | $123.7M |
| 自由现金流经营现金流 - 资本支出 | $255.0M | $30.5M |
| 自由现金流率自由现金流/营收 | 5.4% | 0.3% |
| 资本支出强度资本支出/营收 | 13.7% | 1.0% |
| 现金转化率经营现金流/净利润 | — | 0.90× |
| 过去12个月自由现金流最近4个季度 | $-159.0M | $5.8M |
8季度趋势，按日历期对齐
经营现金流IPLAD
| Q4 25 | $905.0M | $123.7M | ||
| Q3 25 | $605.0M | $-98.4M | ||
| Q2 25 | $476.0M | $9.3M | ||
| Q1 25 | $-288.0M | $322.1M | ||
| Q4 24 | $397.0M | $61.8M | ||
| Q3 24 | $521.0M | $219.3M | ||
| Q2 24 | $365.0M | $-148.4M | ||
| Q1 24 | $395.0M | $292.4M |
自由现金流IPLAD
| Q4 25 | $255.0M | $30.5M | ||
| Q3 25 | $150.0M | $-207.3M | ||
| Q2 25 | $54.0M | $-70.8M | ||
| Q1 25 | $-618.0M | $253.4M | ||
| Q4 24 | $137.0M | $-17.7M | ||
| Q3 24 | $309.0M | $157.1M | ||
| Q2 24 | $167.0M | $-278.5M | ||
| Q1 24 | $144.0M | $212.8M |
自由现金流率IPLAD
| Q4 25 | 5.4% | 0.3% | ||
| Q3 25 | 2.4% | -2.1% | ||
| Q2 25 | 0.8% | -0.7% | ||
| Q1 25 | -10.5% | 2.8% | ||
| Q4 24 | 3.0% | -0.2% | ||
| Q3 24 | 6.6% | 1.7% | ||
| Q2 24 | 3.5% | -3.0% | ||
| Q1 24 | 3.1% | 2.5% |
资本支出强度IPLAD
| Q4 25 | 13.7% | 1.0% | ||
| Q3 25 | 7.3% | 1.1% | ||
| Q2 25 | 6.2% | 0.8% | ||
| Q1 25 | 5.6% | 0.7% | ||
| Q4 24 | 5.7% | 0.9% | ||
| Q3 24 | 4.5% | 0.7% | ||
| Q2 24 | 4.2% | 1.4% | ||
| Q1 24 | 5.4% | 0.9% |
现金转化率IPLAD
| Q4 25 | — | 0.90× | ||
| Q3 25 | — | -0.45× | ||
| Q2 25 | 6.35× | 0.04× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | 3.47× | 1.05× | ||
| Q2 24 | 0.73× | -0.69× | ||
| Q1 24 | 7.05× | 1.80× |
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
IP
| Other | $2.4B | 52% |
| DS Smith Packaging | $2.3B | 48% |
LAD
暂无分部数据
