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LITHIA MOTORS INC（LAD）与潘世奇汽车集团（PAG）财务数据对比。点击上方公司名可切换其他公司
LITHIA MOTORS INC的季度营收约是潘世奇汽车集团的1.0倍（$9.2B vs $8.8B）。潘世奇汽车集团净利率更高（2.6% vs 1.5%，领先1.1%）。潘世奇汽车集团同比增速更快（14.6% vs 0.3%）。LITHIA MOTORS INC自由现金流更多（$30.5M vs $25.1M）。过去两年潘世奇汽车集团的营收复合增速更高（9.0% 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。
潘世奇汽车集团（PAG）是总部位于美国密歇根州布卢姆菲尔德希尔斯的交通服务企业，主营汽车与商用卡车经销业务，覆盖美国、加拿大及西欧市场，同时在澳大利亚、新西兰分销商用车、发动机、动力系统及相关配件服务，还持有潘世奇运输解决方案公司28.9%的股份，后者管理超40万辆卡车的车队。
LAD vs PAG — 直观对比
营收规模更大
LAD
是对方的1.0倍
$8.8B
营收增速更快
PAG
高出14.3%
0.3%
净利率更高
PAG
高出1.1%
1.5%
自由现金流更多
LAD
多$5.4M
$25.1M
两年增速更快
PAG
近两年复合增速
3.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $9.2B | $8.8B |
| 净利润 | $136.9M | $228.1M |
| 毛利率 | 14.9% | 15.9% |
| 营业利润率 | 3.7% | 3.6% |
| 净利率 | 1.5% | 2.6% |
| 营收同比 | 0.3% | 14.6% |
| 净利润同比 | -36.6% | -3.5% |
| 每股收益（稀释后） | $5.90 | $3.46 |
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LADPAG
| Q4 25 | $9.2B | $8.8B | ||
| Q3 25 | $9.7B | $7.7B | ||
| Q2 25 | $9.6B | $7.7B | ||
| Q1 25 | $9.2B | $7.6B | ||
| Q4 24 | $9.2B | $7.7B | ||
| Q3 24 | $9.2B | $7.6B | ||
| Q2 24 | $9.2B | $7.7B | ||
| Q1 24 | $8.6B | $7.4B |
净利润LADPAG
| Q4 25 | $136.9M | $228.1M | ||
| Q3 25 | $217.1M | $213.0M | ||
| Q2 25 | $256.1M | $250.0M | ||
| Q1 25 | $209.5M | $244.3M | ||
| Q4 24 | $216.1M | $236.4M | ||
| Q3 24 | $209.1M | $226.1M | ||
| Q2 24 | $214.2M | $241.2M | ||
| Q1 24 | $162.6M | $215.2M |
毛利率LADPAG
| Q4 25 | 14.9% | 15.9% | ||
| Q3 25 | 15.2% | 16.2% | ||
| Q2 25 | 15.5% | 16.9% | ||
| Q1 25 | 15.4% | 16.7% | ||
| Q4 24 | 15.0% | 16.3% | ||
| Q3 24 | 15.5% | 16.4% | ||
| Q2 24 | 15.4% | 16.4% | ||
| Q1 24 | 15.6% | 16.7% |
营业利润率LADPAG
| Q4 25 | 3.7% | 3.6% | ||
| Q3 25 | 4.4% | 3.9% | ||
| Q2 25 | 4.4% | 4.5% | ||
| Q1 25 | 4.4% | 4.1% | ||
| Q4 24 | 4.5% | 4.3% | ||
| Q3 24 | 4.6% | 4.2% | ||
| Q2 24 | 4.3% | 4.4% | ||
| Q1 24 | 4.0% | 4.4% |
净利率LADPAG
| Q4 25 | 1.5% | 2.6% | ||
| Q3 25 | 2.2% | 2.8% | ||
| Q2 25 | 2.7% | 3.3% | ||
| Q1 25 | 2.3% | 3.2% | ||
| Q4 24 | 2.4% | 3.1% | ||
| Q3 24 | 2.3% | 3.0% | ||
| Q2 24 | 2.3% | 3.1% | ||
| Q1 24 | 1.9% | 2.9% |
每股收益（稀释后）LADPAG
| Q4 25 | $5.90 | $3.46 | ||
| Q3 25 | $8.61 | $3.23 | ||
| Q2 25 | $9.87 | $3.78 | ||
| Q1 25 | $7.94 | $3.66 | ||
| Q4 24 | $8.09 | $3.53 | ||
| Q3 24 | $7.80 | $3.39 | ||
| Q2 24 | $7.87 | $3.61 | ||
| Q1 24 | $5.89 | $3.21 |
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 | — | $64.7M |
| 总债务越低越好 | $9.7B | $2.2B |
| 股东权益账面价值 | $6.6B | $5.6B |
| 总资产 | $25.1B | $17.6B |
| 负债/权益比越低杠杆越低 | 1.47× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资LADPAG
| Q4 25 | — | $64.7M | ||
| Q3 25 | $206.5M | $80.3M | ||
| Q2 25 | $202.8M | $155.3M | ||
| Q1 25 | $234.4M | $118.4M | ||
| Q4 24 | — | $72.4M | ||
| Q3 24 | $209.8M | $91.9M | ||
| Q2 24 | $516.4M | $115.1M | ||
| Q1 24 | $264.4M | $116.9M |
总债务LADPAG
| Q4 25 | $9.7B | $2.2B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $8.2B | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.7B |
股东权益LADPAG
| Q4 25 | $6.6B | $5.6B | ||
| Q3 25 | $6.8B | $5.7B | ||
| Q2 25 | $7.0B | $5.6B | ||
| Q1 25 | $6.8B | $5.4B | ||
| Q4 24 | $6.7B | $5.2B | ||
| Q3 24 | $6.6B | $5.2B | ||
| Q2 24 | $6.4B | $5.0B | ||
| Q1 24 | $6.4B | $4.8B |
总资产LADPAG
| Q4 25 | $25.1B | $17.6B | ||
| Q3 25 | $24.5B | $17.1B | ||
| Q2 25 | $24.2B | $17.4B | ||
| Q1 25 | $23.5B | $16.9B | ||
| Q4 24 | $23.1B | $16.7B | ||
| Q3 24 | $23.3B | $17.1B | ||
| Q2 24 | $23.2B | $16.6B | ||
| Q1 24 | $22.2B | $16.1B |
负债/权益比LADPAG
| Q4 25 | 1.47× | 0.39× | ||
| Q3 25 | — | 0.28× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | 1.23× | 0.36× | ||
| Q3 24 | — | 0.36× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.35× |
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 | $123.2M |
| 自由现金流经营现金流 - 资本支出 | $30.5M | $25.1M |
| 自由现金流率自由现金流/营收 | 0.3% | 0.3% |
| 资本支出强度资本支出/营收 | 1.0% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.90× | 0.54× |
| 过去12个月自由现金流最近4个季度 | $5.8M | $650.5M |
8季度趋势，按日历期对齐
经营现金流LADPAG
| Q4 25 | $123.7M | $123.2M | ||
| Q3 25 | $-98.4M | $379.5M | ||
| Q2 25 | $9.3M | $189.7M | ||
| Q1 25 | $322.1M | $282.7M | ||
| Q4 24 | $61.8M | $217.7M | ||
| Q3 24 | $219.3M | $271.0M | ||
| Q2 24 | $-148.4M | $235.1M | ||
| Q1 24 | $292.4M | $456.0M |
自由现金流LADPAG
| Q4 25 | $30.5M | $25.1M | ||
| Q3 25 | $-207.3M | $300.4M | ||
| Q2 25 | $-70.8M | $118.9M | ||
| Q1 25 | $253.4M | $206.1M | ||
| Q4 24 | $-17.7M | $131.6M | ||
| Q3 24 | $157.1M | $190.1M | ||
| Q2 24 | $-278.5M | $135.9M | ||
| Q1 24 | $212.8M | $353.5M |
自由现金流率LADPAG
| Q4 25 | 0.3% | 0.3% | ||
| Q3 25 | -2.1% | 3.9% | ||
| Q2 25 | -0.7% | 1.6% | ||
| Q1 25 | 2.8% | 2.7% | ||
| Q4 24 | -0.2% | 1.7% | ||
| Q3 24 | 1.7% | 2.5% | ||
| Q2 24 | -3.0% | 1.8% | ||
| Q1 24 | 2.5% | 4.7% |
资本支出强度LADPAG
| Q4 25 | 1.0% | 1.1% | ||
| Q3 25 | 1.1% | 1.0% | ||
| Q2 25 | 0.8% | 0.9% | ||
| Q1 25 | 0.7% | 1.0% | ||
| Q4 24 | 0.9% | 1.1% | ||
| Q3 24 | 0.7% | 1.1% | ||
| Q2 24 | 1.4% | 1.3% | ||
| Q1 24 | 0.9% | 1.4% |
现金转化率LADPAG
| Q4 25 | 0.90× | 0.54× | ||
| Q3 25 | -0.45× | 1.78× | ||
| Q2 25 | 0.04× | 0.76× | ||
| Q1 25 | 1.54× | 1.16× | ||
| Q4 24 | 0.29× | 0.92× | ||
| Q3 24 | 1.05× | 1.20× | ||
| Q2 24 | -0.69× | 0.97× | ||
| Q1 24 | 1.80× | 2.12× |
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
PAG
| New Vehicle | $3.9B | 44% |
| Used Vehicle | $2.3B | 26% |
| Service And Parts | $953.6M | 11% |
| Retail Commercial Truck Dealership Segment | $725.4M | 8% |
| Other | $414.5M | 5% |
| Commercial Vehicle Distribution And Other | $303.3M | 3% |
| Finance And Insurance Net | $221.9M | 3% |
