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LITHIA MOTORS INC（LAD）与Smurfit Westrock（SW）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Smurfit Westrock的1.2倍（$9.3B vs $7.6B），Smurfit Westrock净利率更高（1.3% vs 1.1%，领先0.2%），LITHIA MOTORS INC同比增速更快（1.0% vs 0.5%），过去两年Smurfit Westrock的营收复合增速更高（60.8% vs 0.2%）
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。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
LAD vs SW — 直观对比
营收规模更大
LAD
是对方的1.2倍
$7.6B
营收增速更快
LAD
高出0.5%
0.5%
净利率更高
SW
高出0.2%
1.1%
两年增速更快
SW
近两年复合增速
0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $9.3B | $7.6B |
| 净利润 | $102.0M | $97.0M |
| 毛利率 | 15.3% | 18.2% |
| 营业利润率 | 3.6% | 5.1% |
| 净利率 | 1.1% | 1.3% |
| 营收同比 | 1.0% | 0.5% |
| 净利润同比 | -51.7% | -33.6% |
| 每股收益（稀释后） | $4.28 | $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LADSW
| Q1 26 | $9.3B | — | ||
| Q4 25 | $9.2B | $7.6B | ||
| Q3 25 | $9.7B | $8.0B | ||
| Q2 25 | $9.6B | $7.9B | ||
| Q1 25 | $9.2B | $7.7B | ||
| Q4 24 | $9.2B | $7.5B | ||
| Q3 24 | $9.2B | $7.7B | ||
| Q2 24 | $9.2B | $3.0B |
净利润LADSW
| Q1 26 | $102.0M | — | ||
| Q4 25 | $136.9M | $97.0M | ||
| Q3 25 | $217.1M | $246.0M | ||
| Q2 25 | $256.1M | $-28.0M | ||
| Q1 25 | $209.5M | $384.0M | ||
| Q4 24 | $216.1M | $146.0M | ||
| Q3 24 | $209.1M | $-150.0M | ||
| Q2 24 | $214.2M | $132.0M |
毛利率LADSW
| Q1 26 | 15.3% | — | ||
| Q4 25 | 14.9% | 18.2% | ||
| Q3 25 | 15.2% | 19.6% | ||
| Q2 25 | 15.5% | 19.1% | ||
| Q1 25 | 15.4% | 20.6% | ||
| Q4 24 | 15.0% | 19.1% | ||
| Q3 24 | 15.5% | 17.6% | ||
| Q2 24 | 15.4% | 23.3% |
营业利润率LADSW
| Q1 26 | 3.6% | — | ||
| Q4 25 | 3.7% | 5.1% | ||
| Q3 25 | 4.4% | 6.6% | ||
| Q2 25 | 4.4% | 3.2% | ||
| Q1 25 | 4.4% | 7.2% | ||
| Q4 24 | 4.5% | 5.3% | ||
| Q3 24 | 4.6% | 0.7% | ||
| Q2 24 | 4.3% | 8.2% |
净利率LADSW
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.5% | 1.3% | ||
| Q3 25 | 2.2% | 3.1% | ||
| Q2 25 | 2.7% | -0.4% | ||
| Q1 25 | 2.3% | 5.0% | ||
| Q4 24 | 2.4% | 1.9% | ||
| Q3 24 | 2.3% | -2.0% | ||
| Q2 24 | 2.3% | 4.4% |
每股收益（稀释后）LADSW
| Q1 26 | $4.28 | — | ||
| Q4 25 | $5.90 | $0.18 | ||
| Q3 25 | $8.61 | $0.47 | ||
| Q2 25 | $9.87 | $-0.05 | ||
| Q1 25 | $7.94 | $0.73 | ||
| Q4 24 | $8.09 | $-0.12 | ||
| Q3 24 | $7.80 | $-0.30 | ||
| Q2 24 | $7.87 | $0.51 |
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 | — | $892.0M |
| 总债务越低越好 | $6.4B | $13.4B |
| 股东权益账面价值 | $6.4B | $18.3B |
| 总资产 | $25.7B | $45.2B |
| 负债/权益比越低杠杆越低 | 1.01× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资LADSW
| Q1 26 | — | — | ||
| Q4 25 | — | $892.0M | ||
| Q3 25 | $206.5M | $851.0M | ||
| Q2 25 | $202.8M | $778.0M | ||
| Q1 25 | $234.4M | $797.0M | ||
| Q4 24 | — | $855.0M | ||
| Q3 24 | $209.8M | — | ||
| Q2 24 | $516.4M | $26.8K |
总债务LADSW
| Q1 26 | $6.4B | — | ||
| Q4 25 | $9.7B | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | $8.2B | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益LADSW
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.6B | $18.3B | ||
| Q3 25 | $6.8B | $18.4B | ||
| Q2 25 | $7.0B | $18.3B | ||
| Q1 25 | $6.8B | $17.9B | ||
| Q4 24 | $6.7B | $17.4B | ||
| Q3 24 | $6.6B | $18.0B | ||
| Q2 24 | $6.4B | $14.5K |
总资产LADSW
| Q1 26 | $25.7B | — | ||
| Q4 25 | $25.1B | $45.2B | ||
| Q3 25 | $24.5B | $45.6B | ||
| Q2 25 | $24.2B | $45.7B | ||
| Q1 25 | $23.5B | $44.6B | ||
| Q4 24 | $23.1B | $43.8B | ||
| Q3 24 | $23.3B | $45.0B | ||
| Q2 24 | $23.2B | $26.8K |
负债/权益比LADSW
| Q1 26 | 1.01× | — | ||
| Q4 25 | 1.47× | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | 1.23× | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | — |
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 | $212.2M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $612.0M |
| 自由现金流率自由现金流/营收 | — | 8.1% |
| 资本支出强度资本支出/营收 | 1.0% | 7.7% |
| 现金转化率经营现金流/净利润 | 2.08× | 12.32× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流LADSW
| Q1 26 | $212.2M | — | ||
| Q4 25 | $123.7M | $1.2B | ||
| Q3 25 | $-98.4M | $1.1B | ||
| Q2 25 | $9.3M | $829.0M | ||
| Q1 25 | $322.1M | $235.0M | ||
| Q4 24 | $61.8M | $781.0M | ||
| Q3 24 | $219.3M | $320.0M | ||
| Q2 24 | $-148.4M | $340.0M |
自由现金流LADSW
| Q1 26 | — | — | ||
| Q4 25 | $30.5M | $612.0M | ||
| Q3 25 | $-207.3M | $523.0M | ||
| Q2 25 | $-70.8M | $307.0M | ||
| Q1 25 | $253.4M | $-242.0M | ||
| Q4 24 | $-17.7M | $212.0M | ||
| Q3 24 | $157.1M | $-192.0M | ||
| Q2 24 | $-278.5M | $163.0M |
自由现金流率LADSW
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 8.1% | ||
| Q3 25 | -2.1% | 6.5% | ||
| Q2 25 | -0.7% | 3.9% | ||
| Q1 25 | 2.8% | -3.2% | ||
| Q4 24 | -0.2% | 2.8% | ||
| Q3 24 | 1.7% | -2.5% | ||
| Q2 24 | -3.0% | 5.5% |
资本支出强度LADSW
| Q1 26 | 1.0% | — | ||
| Q4 25 | 1.0% | 7.7% | ||
| Q3 25 | 1.1% | 7.6% | ||
| Q2 25 | 0.8% | 6.6% | ||
| Q1 25 | 0.7% | 6.2% | ||
| Q4 24 | 0.9% | 7.5% | ||
| Q3 24 | 0.7% | 6.7% | ||
| Q2 24 | 1.4% | 6.0% |
现金转化率LADSW
| Q1 26 | 2.08× | — | ||
| Q4 25 | 0.90× | 12.32× | ||
| Q3 25 | -0.45× | 4.61× | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 1.54× | 0.61× | ||
| Q4 24 | 0.29× | 5.35× | ||
| Q3 24 | 1.05× | — | ||
| Q2 24 | -0.69× | 2.58× |
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
| New vehicle | $4.4B | 47% |
| Used vehicle | $3.5B | 38% |
| Aftersales | $1.0B | 11% |
| Finance and insurance | $359.7M | 4% |
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
