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LITHIA MOTORS INC（LAD）与美客多（MELI）财务数据对比。点击上方公司名可切换其他公司
LITHIA MOTORS INC的季度营收约是美客多的1.5倍（$9.2B vs $6.1B），美客多净利率更高（9.1% vs 1.5%，领先7.6%），美客多同比增速更快（40.2% vs 0.3%），美客多自由现金流更多（$4.8B vs $30.5M），过去两年美客多的营收复合增速更高（40.7% vs 3.6%）
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。
美客多（Mercado Libre）是起源于阿根廷、在美国特拉华州注册的互联网企业，核心业务涵盖电商平台运营及在线拍卖服务，是拉丁美洲头部电商平台。截至2016年，其在拉美地区拥有1.742亿用户，是当地访问量最高的电商站点。
LAD vs MELI — 直观对比
营收规模更大
LAD
是对方的1.5倍
$6.1B
营收增速更快
MELI
高出39.9%
0.3%
净利率更高
MELI
高出7.6%
1.5%
自由现金流更多
MELI
多$4.8B
$30.5M
两年增速更快
MELI
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $9.2B | $6.1B |
| 净利润 | $136.9M | $559.0M |
| 毛利率 | 14.9% | 61.7% |
| 营业利润率 | 3.7% | 14.5% |
| 净利率 | 1.5% | 9.1% |
| 营收同比 | 0.3% | 40.2% |
| 净利润同比 | -36.6% | -12.5% |
| 每股收益（稀释后） | $5.90 | $11.03 |
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LADMELI
| Q4 25 | $9.2B | $6.1B | ||
| Q3 25 | $9.7B | $5.2B | ||
| Q2 25 | $9.6B | $4.8B | ||
| Q1 25 | $9.2B | $4.2B | ||
| Q4 24 | $9.2B | $4.4B | ||
| Q3 24 | $9.2B | $3.9B | ||
| Q2 24 | $9.2B | $3.8B | ||
| Q1 24 | $8.6B | $3.1B |
净利润LADMELI
| Q4 25 | $136.9M | $559.0M | ||
| Q3 25 | $217.1M | $421.0M | ||
| Q2 25 | $256.1M | $523.0M | ||
| Q1 25 | $209.5M | $494.0M | ||
| Q4 24 | $216.1M | $639.0M | ||
| Q3 24 | $209.1M | $397.0M | ||
| Q2 24 | $214.2M | $531.0M | ||
| Q1 24 | $162.6M | $344.0M |
毛利率LADMELI
| Q4 25 | 14.9% | 61.7% | ||
| Q3 25 | 15.2% | 61.7% | ||
| Q2 25 | 15.5% | 64.4% | ||
| Q1 25 | 15.4% | 66.1% | ||
| Q4 24 | 15.0% | 62.8% | ||
| Q3 24 | 15.5% | 62.6% | ||
| Q2 24 | 15.4% | 62.8% | ||
| Q1 24 | 15.6% | 65.3% |
营业利润率LADMELI
| Q4 25 | 3.7% | 14.5% | ||
| Q3 25 | 4.4% | 13.9% | ||
| Q2 25 | 4.4% | 17.2% | ||
| Q1 25 | 4.4% | 18.2% | ||
| Q4 24 | 4.5% | 18.7% | ||
| Q3 24 | 4.6% | 14.3% | ||
| Q2 24 | 4.3% | 19.3% | ||
| Q1 24 | 4.0% | 17.0% |
净利率LADMELI
| Q4 25 | 1.5% | 9.1% | ||
| Q3 25 | 2.2% | 8.1% | ||
| Q2 25 | 2.7% | 10.9% | ||
| Q1 25 | 2.3% | 11.8% | ||
| Q4 24 | 2.4% | 14.6% | ||
| Q3 24 | 2.3% | 10.2% | ||
| Q2 24 | 2.3% | 14.1% | ||
| Q1 24 | 1.9% | 11.1% |
每股收益（稀释后）LADMELI
| Q4 25 | $5.90 | $11.03 | ||
| Q3 25 | $8.61 | $8.32 | ||
| Q2 25 | $9.87 | $10.31 | ||
| Q1 25 | $7.94 | $9.74 | ||
| Q4 24 | $8.09 | $12.60 | ||
| Q3 24 | $7.80 | $7.83 | ||
| Q2 24 | $7.87 | $10.48 | ||
| Q1 24 | $5.89 | $6.78 |
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 | — | $6.3B |
| 总债务越低越好 | $9.7B | $4.6B |
| 股东权益账面价值 | $6.6B | $6.7B |
| 总资产 | $25.1B | $42.7B |
| 负债/权益比越低杠杆越低 | 1.47× | 0.68× |
8季度趋势，按日历期对齐
现金及短期投资LADMELI
| Q4 25 | — | $6.3B | ||
| Q3 25 | $206.5M | $6.3B | ||
| Q2 25 | $202.8M | $7.6B | ||
| Q1 25 | $234.4M | $8.1B | ||
| Q4 24 | — | $7.1B | ||
| Q3 24 | $209.8M | $6.7B | ||
| Q2 24 | $516.4M | $6.9B | ||
| Q1 24 | $264.4M | $6.3B |
总债务LADMELI
| Q4 25 | $9.7B | $4.6B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.5B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | $8.2B | $2.9B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.2B |
股东权益LADMELI
| Q4 25 | $6.6B | $6.7B | ||
| Q3 25 | $6.8B | $6.2B | ||
| Q2 25 | $7.0B | $5.7B | ||
| Q1 25 | $6.8B | $5.0B | ||
| Q4 24 | $6.7B | $4.4B | ||
| Q3 24 | $6.6B | $4.0B | ||
| Q2 24 | $6.4B | $3.7B | ||
| Q1 24 | $6.4B | $3.4B |
总资产LADMELI
| Q4 25 | $25.1B | $42.7B | ||
| Q3 25 | $24.5B | $36.7B | ||
| Q2 25 | $24.2B | $32.9B | ||
| Q1 25 | $23.5B | $27.7B | ||
| Q4 24 | $23.1B | $25.2B | ||
| Q3 24 | $23.3B | $22.6B | ||
| Q2 24 | $23.2B | $20.0B | ||
| Q1 24 | $22.2B | $19.1B |
负债/权益比LADMELI
| Q4 25 | 1.47× | 0.68× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | 1.23× | 0.66× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.67× | ||
| 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 | $123.7M | $5.2B |
| 自由现金流经营现金流 - 资本支出 | $30.5M | $4.8B |
| 自由现金流率自由现金流/营收 | 0.3% | 77.9% |
| 资本支出强度资本支出/营收 | 1.0% | 7.0% |
| 现金转化率经营现金流/净利润 | 0.90× | 9.32× |
| 过去12个月自由现金流最近4个季度 | $5.8M | $10.8B |
8季度趋势，按日历期对齐
经营现金流LADMELI
| Q4 25 | $123.7M | $5.2B | ||
| Q3 25 | $-98.4M | $3.0B | ||
| Q2 25 | $9.3M | $2.9B | ||
| Q1 25 | $322.1M | $1.0B | ||
| Q4 24 | $61.8M | $2.9B | ||
| Q3 24 | $219.3M | $1.6B | ||
| Q2 24 | $-148.4M | $1.9B | ||
| Q1 24 | $292.4M | $1.5B |
自由现金流LADMELI
| Q4 25 | $30.5M | $4.8B | ||
| Q3 25 | $-207.3M | $2.6B | ||
| Q2 25 | $-70.8M | $2.6B | ||
| Q1 25 | $253.4M | $759.0M | ||
| Q4 24 | $-17.7M | $2.6B | ||
| Q3 24 | $157.1M | $1.4B | ||
| Q2 24 | $-278.5M | $1.7B | ||
| Q1 24 | $212.8M | $1.4B |
自由现金流率LADMELI
| Q4 25 | 0.3% | 77.9% | ||
| Q3 25 | -2.1% | 50.0% | ||
| Q2 25 | -0.7% | 54.8% | ||
| Q1 25 | 2.8% | 18.1% | ||
| Q4 24 | -0.2% | 59.8% | ||
| Q3 24 | 1.7% | 35.4% | ||
| Q2 24 | -3.0% | 45.1% | ||
| Q1 24 | 2.5% | 44.1% |
资本支出强度LADMELI
| Q4 25 | 1.0% | 7.0% | ||
| Q3 25 | 1.1% | 6.9% | ||
| Q2 25 | 0.8% | 6.0% | ||
| Q1 25 | 0.7% | 6.5% | ||
| Q4 24 | 0.9% | 7.0% | ||
| Q3 24 | 0.7% | 5.7% | ||
| Q2 24 | 1.4% | 4.9% | ||
| Q1 24 | 0.9% | 4.7% |
现金转化率LADMELI
| Q4 25 | 0.90× | 9.32× | ||
| Q3 25 | -0.45× | 7.03× | ||
| Q2 25 | 0.04× | 5.58× | ||
| Q1 25 | 1.54× | 2.09× | ||
| Q4 24 | 0.29× | 4.58× | ||
| Q3 24 | 1.05× | 4.03× | ||
| Q2 24 | -0.69× | 3.54× | ||
| Q1 24 | 1.80× | 4.40× |
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
LAD
暂无分部数据
MELI
| Commerce | $2.8B | 45% |
| Argentina Segment | $1.6B | 26% |
| Products | $1.2B | 20% |
| Other Countries Segment | $414.0M | 7% |
