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高德纳（IT）与礼恩派（LEG）财务数据对比。点击上方公司名可切换其他公司
高德纳的季度营收约是礼恩派的1.9倍（$1.8B vs $938.6M），高德纳净利率更高（13.8% vs 2.7%，领先11.1%），高德纳同比增速更快（2.2% vs -11.2%），高德纳自由现金流更多（$270.7M vs $101.9M），过去两年高德纳的营收复合增速更高（9.1% vs -7.5%）
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
礼恩派（Leggett & Platt）总部位于美国密苏里州迦太基，是一家多元化制造企业，成立于1883年。公司专注于设计生产各类工程组件及产品，广泛应用于家居与汽车领域。目前旗下设有15个业务单元，在全球18个国家拥有135座生产工厂，员工总数达2万名。
IT vs LEG — 直观对比
营收规模更大
IT
是对方的1.9倍
$938.6M
营收增速更快
IT
高出13.3%
-11.2%
净利率更高
IT
高出11.1%
2.7%
自由现金流更多
IT
多$168.8M
$101.9M
两年增速更快
IT
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $938.6M |
| 净利润 | $242.2M | $25.1M |
| 毛利率 | 67.8% | 17.9% |
| 营业利润率 | 19.1% | 2.0% |
| 净利率 | 13.8% | 2.7% |
| 营收同比 | 2.2% | -11.2% |
| 净利润同比 | -39.2% | 76.8% |
| 每股收益（稀释后） | $3.36 | $0.18 |
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ITLEG
| Q4 25 | $1.8B | $938.6M | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $1.5B | $1.1B |
净利润ITLEG
| Q4 25 | $242.2M | $25.1M | ||
| Q3 25 | $35.4M | $127.1M | ||
| Q2 25 | $240.8M | $52.5M | ||
| Q1 25 | $210.9M | $30.6M | ||
| Q4 24 | $398.6M | $14.2M | ||
| Q3 24 | $415.0M | $44.9M | ||
| Q2 24 | $229.5M | $-602.2M | ||
| Q1 24 | $210.5M | $31.6M |
毛利率ITLEG
| Q4 25 | 67.8% | 17.9% | ||
| Q3 25 | 69.3% | 18.7% | ||
| Q2 25 | 68.6% | 18.2% | ||
| Q1 25 | 69.4% | 18.6% | ||
| Q4 24 | 66.8% | 16.6% | ||
| Q3 24 | 68.4% | 18.2% | ||
| Q2 24 | 68.6% | 16.5% | ||
| Q1 24 | 69.4% | 17.0% |
营业利润率ITLEG
| Q4 25 | 19.1% | 2.0% | ||
| Q3 25 | 5.7% | 14.9% | ||
| Q2 25 | 19.4% | 6.8% | ||
| Q1 25 | 18.1% | 4.4% | ||
| Q4 24 | 18.5% | 2.4% | ||
| Q3 24 | 16.6% | 5.2% | ||
| Q2 24 | 20.0% | -56.2% | ||
| Q1 24 | 18.6% | 3.9% |
净利率ITLEG
| Q4 25 | 13.8% | 2.7% | ||
| Q3 25 | 2.3% | 12.3% | ||
| Q2 25 | 14.3% | 5.0% | ||
| Q1 25 | 13.7% | 3.0% | ||
| Q4 24 | 23.2% | 1.3% | ||
| Q3 24 | 28.0% | 4.1% | ||
| Q2 24 | 14.4% | -53.4% | ||
| Q1 24 | 14.3% | 2.9% |
每股收益（稀释后）ITLEG
| Q4 25 | $3.36 | $0.18 | ||
| Q3 25 | $0.47 | $0.91 | ||
| Q2 25 | $3.11 | $0.38 | ||
| Q1 25 | $2.71 | $0.22 | ||
| Q4 24 | $5.08 | $0.10 | ||
| Q3 24 | $5.32 | $0.33 | ||
| Q2 24 | $2.93 | $-4.39 | ||
| Q1 24 | $2.67 | $0.23 |
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 | $1.7B | $587.4M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $319.9M | $1.0B |
| 总资产 | $8.1B | $3.5B |
| 负债/权益比越低杠杆越低 | — | 1.46× |
8季度趋势，按日历期对齐
现金及短期投资ITLEG
| Q4 25 | $1.7B | $587.4M | ||
| Q3 25 | $1.4B | $460.7M | ||
| Q2 25 | $2.2B | $368.8M | ||
| Q1 25 | $2.1B | $412.6M | ||
| Q4 24 | $1.9B | $350.2M | ||
| Q3 24 | $1.8B | $277.2M | ||
| Q2 24 | $1.2B | $307.0M | ||
| Q1 24 | $1.2B | $361.3M |
总债务ITLEG
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.8B |
股东权益ITLEG
| Q4 25 | $319.9M | $1.0B | ||
| Q3 25 | $556.6M | $971.8M | ||
| Q2 25 | $1.5B | $855.0M | ||
| Q1 25 | $1.5B | $746.8M | ||
| Q4 24 | $1.4B | $689.4M | ||
| Q3 24 | $1.1B | $741.0M | ||
| Q2 24 | $646.7M | $667.6M | ||
| Q1 24 | $718.2M | $1.3B |
总资产ITLEG
| Q4 25 | $8.1B | $3.5B | ||
| Q3 25 | $7.2B | $3.5B | ||
| Q2 25 | $8.3B | $3.7B | ||
| Q1 25 | $8.5B | $3.7B | ||
| Q4 24 | $8.5B | $3.7B | ||
| Q3 24 | $7.8B | $3.8B | ||
| Q2 24 | $7.4B | $3.8B | ||
| Q1 24 | $7.7B | $4.6B |
负债/权益比ITLEG
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 2.10× | ||
| Q1 25 | — | 2.59× | ||
| Q4 24 | — | 2.70× | ||
| Q3 24 | — | 2.13× | ||
| Q2 24 | — | 2.55× | ||
| Q1 24 | — | 1.38× |
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 | $294.5M | $121.5M |
| 自由现金流经营现金流 - 资本支出 | $270.7M | $101.9M |
| 自由现金流率自由现金流/营收 | 15.4% | 10.9% |
| 资本支出强度资本支出/营收 | 1.4% | 2.1% |
| 现金转化率经营现金流/净利润 | 1.22× | 4.84× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $281.0M |
8季度趋势，按日历期对齐
经营现金流ITLEG
| Q4 25 | $294.5M | $121.5M | ||
| Q3 25 | $298.7M | $125.9M | ||
| Q2 25 | $383.6M | $84.0M | ||
| Q1 25 | $313.5M | $6.8M | ||
| Q4 24 | $335.4M | $122.3M | ||
| Q3 24 | $590.8M | $95.5M | ||
| Q2 24 | $370.0M | $94.0M | ||
| Q1 24 | $188.8M | $-6.1M |
自由现金流ITLEG
| Q4 25 | $270.7M | $101.9M | ||
| Q3 25 | $269.3M | $110.1M | ||
| Q2 25 | $347.3M | $75.5M | ||
| Q1 25 | $287.9M | $-6.5M | ||
| Q4 24 | $311.4M | $100.5M | ||
| Q3 24 | $565.0M | $77.1M | ||
| Q2 24 | $340.6M | $78.5M | ||
| Q1 24 | $166.2M | $-32.0M |
自由现金流率ITLEG
| Q4 25 | 15.4% | 10.9% | ||
| Q3 25 | 17.7% | 10.6% | ||
| Q2 25 | 20.6% | 7.1% | ||
| Q1 25 | 18.8% | -0.6% | ||
| Q4 24 | 18.2% | 9.5% | ||
| Q3 24 | 38.1% | 7.0% | ||
| Q2 24 | 21.4% | 7.0% | ||
| Q1 24 | 11.3% | -2.9% |
资本支出强度ITLEG
| Q4 25 | 1.4% | 2.1% | ||
| Q3 25 | 1.9% | 1.5% | ||
| Q2 25 | 2.1% | 0.8% | ||
| Q1 25 | 1.7% | 1.3% | ||
| Q4 24 | 1.4% | 2.1% | ||
| Q3 24 | 1.7% | 1.7% | ||
| Q2 24 | 1.8% | 1.4% | ||
| Q1 24 | 1.5% | 2.4% |
现金转化率ITLEG
| Q4 25 | 1.22× | 4.84× | ||
| Q3 25 | 8.45× | 0.99× | ||
| Q2 25 | 1.59× | 1.60× | ||
| Q1 25 | 1.49× | 0.22× | ||
| Q4 24 | 0.84× | 8.61× | ||
| Q3 24 | 1.42× | 2.13× | ||
| Q2 24 | 1.61× | — | ||
| Q1 24 | 0.90× | -0.19× |
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
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
LEG
| Bedding Products | $373.8M | 40% |
| Flooring And Textile Products Group | $196.9M | 21% |
| Automotive Group | $194.9M | 21% |
| Work Furniture Group | $66.2M | 7% |
| Home Furniture Group | $61.0M | 6% |
| Hydraulic Cylinders | $45.8M | 5% |
