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国际纸业（IP）与LPL Financial Holdings Inc.（LPLA）财务数据对比。点击上方公司名可切换其他公司
LPL Financial Holdings Inc.的季度营收约是国际纸业的1.0倍（$4.9B vs $4.7B），LPL Financial Holdings Inc.净利率更高（6.1% vs -50.3%，领先56.3%），LPL Financial Holdings Inc.同比增速更快（40.4% vs 3.6%），LPL Financial Holdings Inc.自由现金流更多（$613.3M vs $255.0M），过去两年LPL Financial Holdings Inc.的营收复合增速更高（32.0% 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。
LPL Financial Holdings Inc.成立于1989年，是美国规模最大的独立经纪自营商。截至2021年，公司拥有超17500名财务顾问，咨询及经纪类资产规模超1万亿美元，2023财年总营收约103亿美元，在波士顿、福特米尔、奥斯汀、圣迭戈设有核心办事处，是FINRA和SIPC成员。
IP vs LPLA — 直观对比
营收规模更大
LPLA
是对方的1.0倍
$4.7B
营收增速更快
LPLA
高出36.9%
3.6%
净利率更高
LPLA
高出56.3%
-50.3%
自由现金流更多
LPLA
多$358.3M
$255.0M
两年增速更快
LPLA
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $4.9B |
| 净利润 | $-2.4B | $300.7M |
| 毛利率 | 32.2% | — |
| 营业利润率 | -56.4% | 8.1% |
| 净利率 | -50.3% | 6.1% |
| 营收同比 | 3.6% | 40.4% |
| 净利润同比 | -1521.8% | 11.1% |
| 每股收益（稀释后） | $-4.76 | $3.65 |
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IPLPLA
| Q4 25 | $4.7B | $4.9B | ||
| Q3 25 | $6.2B | $4.6B | ||
| Q2 25 | $6.8B | $3.8B | ||
| Q1 25 | $5.9B | $3.7B | ||
| Q4 24 | $4.6B | $3.5B | ||
| Q3 24 | $4.7B | $3.1B | ||
| Q2 24 | $4.7B | $2.9B | ||
| Q1 24 | $4.6B | $2.8B |
净利润IPLPLA
| Q4 25 | $-2.4B | $300.7M | ||
| Q3 25 | $-1.1B | $-29.5M | ||
| Q2 25 | $75.0M | $273.2M | ||
| Q1 25 | $-105.0M | $318.6M | ||
| Q4 24 | $-147.0M | $270.7M | ||
| Q3 24 | $150.0M | $255.3M | ||
| Q2 24 | $498.0M | $243.8M | ||
| Q1 24 | $56.0M | $288.8M |
毛利率IPLPLA
| Q4 25 | 32.2% | — | ||
| Q3 25 | 31.1% | — | ||
| Q2 25 | 27.9% | — | ||
| Q1 25 | 27.8% | — | ||
| Q4 24 | 29.0% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 29.0% | — | ||
| Q1 24 | 25.9% | — |
营业利润率IPLPLA
| Q4 25 | -56.4% | 8.1% | ||
| Q3 25 | -10.8% | -0.7% | ||
| Q2 25 | 1.7% | 9.6% | ||
| Q1 25 | -2.3% | 11.4% | ||
| Q4 24 | -4.9% | 9.7% | ||
| Q3 24 | 5.1% | 11.2% | ||
| Q2 24 | 6.8% | 11.3% | ||
| Q1 24 | 3.7% | 13.2% |
净利率IPLPLA
| Q4 25 | -50.3% | 6.1% | ||
| Q3 25 | -17.7% | -0.6% | ||
| Q2 25 | 1.1% | 7.1% | ||
| Q1 25 | -1.8% | 8.7% | ||
| Q4 24 | -3.2% | 7.7% | ||
| Q3 24 | 3.2% | 8.2% | ||
| Q2 24 | 10.5% | 8.3% | ||
| Q1 24 | 1.2% | 10.2% |
每股收益（稀释后）IPLPLA
| Q4 25 | $-4.76 | $3.65 | ||
| Q3 25 | $-2.09 | $-0.37 | ||
| Q2 25 | $0.14 | $3.40 | ||
| Q1 25 | $-0.24 | $4.24 | ||
| Q4 24 | $-0.42 | $3.58 | ||
| Q3 24 | $0.42 | $3.39 | ||
| Q2 24 | $1.41 | $3.23 | ||
| Q1 24 | $0.16 | $3.83 |
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 | $1.1B |
| 总债务越低越好 | $8.8B | $7.3B |
| 股东权益账面价值 | $14.8B | $5.3B |
| 总资产 | $38.0B | $18.5B |
| 负债/权益比越低杠杆越低 | 0.60× | 1.36× |
8季度趋势，按日历期对齐
现金及短期投资IPLPLA
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $995.0M | $1.6B | ||
| Q2 25 | $1.1B | $4.3B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.0B | $1.4B | ||
| Q1 24 | $1.1B | $1.2B |
总债务IPLPLA
| Q4 25 | $8.8B | $7.3B | ||
| Q3 25 | $9.0B | $7.5B | ||
| Q2 25 | $9.7B | $7.2B | ||
| Q1 25 | $9.2B | $5.7B | ||
| Q4 24 | $5.4B | $5.5B | ||
| Q3 24 | $5.3B | $4.4B | ||
| Q2 24 | $5.3B | $4.4B | ||
| Q1 24 | $5.5B | $3.9B |
股东权益IPLPLA
| Q4 25 | $14.8B | $5.3B | ||
| Q3 25 | $17.3B | $5.0B | ||
| Q2 25 | $18.6B | $5.1B | ||
| Q1 25 | $18.1B | $3.1B | ||
| Q4 24 | $8.2B | $2.9B | ||
| Q3 24 | $8.6B | $2.8B | ||
| Q2 24 | $8.6B | $2.5B | ||
| Q1 24 | $8.3B | $2.3B |
总资产IPLPLA
| Q4 25 | $38.0B | $18.5B | ||
| Q3 25 | $40.6B | $18.0B | ||
| Q2 25 | $42.4B | $17.5B | ||
| Q1 25 | $41.2B | $14.0B | ||
| Q4 24 | $22.8B | $13.3B | ||
| Q3 24 | $23.2B | $11.9B | ||
| Q2 24 | $23.1B | $11.5B | ||
| Q1 24 | $23.0B | $11.0B |
负债/权益比IPLPLA
| Q4 25 | 0.60× | 1.36× | ||
| Q3 25 | 0.52× | 1.49× | ||
| Q2 25 | 0.52× | 1.41× | ||
| Q1 25 | 0.51× | 1.82× | ||
| Q4 24 | 0.66× | 1.87× | ||
| Q3 24 | 0.62× | 1.60× | ||
| Q2 24 | 0.62× | 1.77× | ||
| Q1 24 | 0.66× | 1.70× |
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 | $785.0M |
| 自由现金流经营现金流 - 资本支出 | $255.0M | $613.3M |
| 自由现金流率自由现金流/营收 | 5.4% | 12.4% |
| 资本支出强度资本支出/营收 | 13.7% | 3.5% |
| 现金转化率经营现金流/净利润 | — | 2.61× |
| 过去12个月自由现金流最近4个季度 | $-159.0M | $-981.8M |
8季度趋势，按日历期对齐
经营现金流IPLPLA
| Q4 25 | $905.0M | $785.0M | ||
| Q3 25 | $605.0M | $-1.7B | ||
| Q2 25 | $476.0M | $193.3M | ||
| Q1 25 | $-288.0M | $339.8M | ||
| Q4 24 | $397.0M | $-178.8M | ||
| Q3 24 | $521.0M | $209.3M | ||
| Q2 24 | $365.0M | $-178.9M | ||
| Q1 24 | $395.0M | $425.9M |
自由现金流IPLPLA
| Q4 25 | $255.0M | $613.3M | ||
| Q3 25 | $150.0M | $-1.9B | ||
| Q2 25 | $54.0M | $56.3M | ||
| Q1 25 | $-618.0M | $220.3M | ||
| Q4 24 | $137.0M | $-344.3M | ||
| Q3 24 | $309.0M | $62.3M | ||
| Q2 24 | $167.0M | $-307.8M | ||
| Q1 24 | $144.0M | $304.9M |
自由现金流率IPLPLA
| Q4 25 | 5.4% | 12.4% | ||
| Q3 25 | 2.4% | -41.1% | ||
| Q2 25 | 0.8% | 1.5% | ||
| Q1 25 | -10.5% | 6.0% | ||
| Q4 24 | 3.0% | -9.8% | ||
| Q3 24 | 6.6% | 2.0% | ||
| Q2 24 | 3.5% | -10.5% | ||
| Q1 24 | 3.1% | 10.8% |
资本支出强度IPLPLA
| Q4 25 | 13.7% | 3.5% | ||
| Q3 25 | 7.3% | 3.1% | ||
| Q2 25 | 6.2% | 3.6% | ||
| Q1 25 | 5.6% | 3.3% | ||
| Q4 24 | 5.7% | 4.7% | ||
| Q3 24 | 4.5% | 4.7% | ||
| Q2 24 | 4.2% | 4.4% | ||
| Q1 24 | 5.4% | 4.3% |
现金转化率IPLPLA
| Q4 25 | — | 2.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | 6.35× | 0.71× | ||
| Q1 25 | — | 1.07× | ||
| Q4 24 | — | -0.66× | ||
| Q3 24 | 3.47× | 0.82× | ||
| Q2 24 | 0.73× | -0.73× | ||
| Q1 24 | 7.05× | 1.47× |
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% |
LPLA
暂无分部数据
