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LITHIA MOTORS INC（LAD）与美国联合航空（UAL）财务数据对比。点击上方公司名可切换其他公司
美国联合航空的季度营收约是LITHIA MOTORS INC的1.6倍（$14.6B vs $9.2B），美国联合航空净利率更高（4.8% vs 1.5%，领先3.3%），美国联合航空同比增速更快（10.6% vs 0.3%），美国联合航空自由现金流更多（$2.0B vs $30.5M），过去两年LITHIA MOTORS INC的营收复合增速更高（3.6% vs -1.3%）
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。
美国联合航空是美国主要航企，总部位于伊利诺伊州芝加哥，运营覆盖美国本土及六大洲的广阔国内外航线网络，区域航线由独立航司以美联航快运品牌运营，作为星空联盟五大创始航司之一，其航线网络可辐射全球各地。
LAD vs UAL — 直观对比
营收规模更大
UAL
是对方的1.6倍
$9.2B
营收增速更快
UAL
高出10.3%
0.3%
净利率更高
UAL
高出3.3%
1.5%
自由现金流更多
UAL
多$2.0B
$30.5M
两年增速更快
LAD
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $9.2B | $14.6B |
| 净利润 | $136.9M | $699.0M |
| 毛利率 | 14.9% | — |
| 营业利润率 | 3.7% | 6.8% |
| 净利率 | 1.5% | 4.8% |
| 营收同比 | 0.3% | 10.6% |
| 净利润同比 | -36.6% | 80.6% |
| 每股收益（稀释后） | $5.90 | $2.14 |
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LADUAL
| Q1 26 | — | $14.6B | ||
| Q4 25 | $9.2B | $15.4B | ||
| Q3 25 | $9.7B | $15.2B | ||
| Q2 25 | $9.6B | $15.2B | ||
| Q1 25 | $9.2B | $13.2B | ||
| Q4 24 | $9.2B | $14.7B | ||
| Q3 24 | $9.2B | $14.8B | ||
| Q2 24 | $9.2B | $15.0B |
净利润LADUAL
| Q1 26 | — | $699.0M | ||
| Q4 25 | $136.9M | $1.0B | ||
| Q3 25 | $217.1M | $949.0M | ||
| Q2 25 | $256.1M | $973.0M | ||
| Q1 25 | $209.5M | $387.0M | ||
| Q4 24 | $216.1M | $985.0M | ||
| Q3 24 | $209.1M | $965.0M | ||
| Q2 24 | $214.2M | $1.3B |
毛利率LADUAL
| Q1 26 | — | — | ||
| Q4 25 | 14.9% | — | ||
| Q3 25 | 15.2% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 15.4% | — | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 15.5% | — | ||
| Q2 24 | 15.4% | — |
营业利润率LADUAL
| Q1 26 | — | 6.8% | ||
| Q4 25 | 3.7% | 9.0% | ||
| Q3 25 | 4.4% | 9.2% | ||
| Q2 25 | 4.4% | 8.7% | ||
| Q1 25 | 4.4% | 4.6% | ||
| Q4 24 | 4.5% | 10.2% | ||
| Q3 24 | 4.6% | 10.5% | ||
| Q2 24 | 4.3% | 12.9% |
净利率LADUAL
| Q1 26 | — | 4.8% | ||
| Q4 25 | 1.5% | 6.8% | ||
| Q3 25 | 2.2% | 6.2% | ||
| Q2 25 | 2.7% | 6.4% | ||
| Q1 25 | 2.3% | 2.9% | ||
| Q4 24 | 2.4% | 6.7% | ||
| Q3 24 | 2.3% | 6.5% | ||
| Q2 24 | 2.3% | 8.8% |
每股收益（稀释后）LADUAL
| Q1 26 | — | $2.14 | ||
| Q4 25 | $5.90 | $3.17 | ||
| Q3 25 | $8.61 | $2.90 | ||
| Q2 25 | $9.87 | $2.97 | ||
| Q1 25 | $7.94 | $1.16 | ||
| Q4 24 | $8.09 | $2.97 | ||
| Q3 24 | $7.80 | $2.90 | ||
| Q2 24 | $7.87 | $3.96 |
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 | — | $14.2B |
| 总债务越低越好 | $9.7B | — |
| 股东权益账面价值 | $6.6B | $15.9B |
| 总资产 | $25.1B | $80.9B |
| 负债/权益比越低杠杆越低 | 1.47× | — |
8季度趋势，按日历期对齐
现金及短期投资LADUAL
| Q1 26 | — | $14.2B | ||
| Q4 25 | — | $12.2B | ||
| Q3 25 | $206.5M | $13.3B | ||
| Q2 25 | $202.8M | $15.6B | ||
| Q1 25 | $234.4M | $15.3B | ||
| Q4 24 | — | $14.5B | ||
| Q3 24 | $209.8M | $14.2B | ||
| Q2 24 | $516.4M | $15.2B |
总债务LADUAL
| Q1 26 | — | — | ||
| Q4 25 | $9.7B | $20.6B | ||
| Q3 25 | — | $20.8B | ||
| Q2 25 | — | $20.9B | ||
| Q1 25 | — | $24.4B | ||
| Q4 24 | $8.2B | $25.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益LADUAL
| Q1 26 | — | $15.9B | ||
| Q4 25 | $6.6B | $15.3B | ||
| Q3 25 | $6.8B | $14.3B | ||
| Q2 25 | $7.0B | $13.4B | ||
| Q1 25 | $6.8B | $12.6B | ||
| Q4 24 | $6.7B | $12.7B | ||
| Q3 24 | $6.6B | $11.4B | ||
| Q2 24 | $6.4B | $10.5B |
总资产LADUAL
| Q1 26 | — | $80.9B | ||
| Q4 25 | $25.1B | $76.4B | ||
| Q3 25 | $24.5B | $76.3B | ||
| Q2 25 | $24.2B | $77.2B | ||
| Q1 25 | $23.5B | $76.1B | ||
| Q4 24 | $23.1B | $74.1B | ||
| Q3 24 | $23.3B | $72.6B | ||
| Q2 24 | $23.2B | $73.3B |
负债/权益比LADUAL
| Q1 26 | — | — | ||
| Q4 25 | 1.47× | 1.35× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 1.56× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | 1.23× | 1.99× | ||
| Q3 24 | — | — | ||
| 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 | $123.7M | $4.8B |
| 自由现金流经营现金流 - 资本支出 | $30.5M | $2.0B |
| 自由现金流率自由现金流/营收 | 0.3% | 13.9% |
| 资本支出强度资本支出/营收 | 1.0% | 13.9% |
| 现金转化率经营现金流/净利润 | 0.90× | 6.87× |
| 过去12个月自由现金流最近4个季度 | $5.8M | $2.1B |
8季度趋势，按日历期对齐
经营现金流LADUAL
| Q1 26 | — | $4.8B | ||
| Q4 25 | $123.7M | $1.3B | ||
| Q3 25 | $-98.4M | $1.2B | ||
| Q2 25 | $9.3M | $2.2B | ||
| Q1 25 | $322.1M | $3.7B | ||
| Q4 24 | $61.8M | $2.2B | ||
| Q3 24 | $219.3M | $1.5B | ||
| Q2 24 | $-148.4M | $2.9B |
自由现金流LADUAL
| Q1 26 | — | $2.0B | ||
| Q4 25 | $30.5M | $-604.0M | ||
| Q3 25 | $-207.3M | $-246.0M | ||
| Q2 25 | $-70.8M | $930.0M | ||
| Q1 25 | $253.4M | $2.5B | ||
| Q4 24 | $-17.7M | $549.0M | ||
| Q3 24 | $157.1M | $88.0M | ||
| Q2 24 | $-278.5M | $1.7B |
自由现金流率LADUAL
| Q1 26 | — | 13.9% | ||
| Q4 25 | 0.3% | -3.9% | ||
| Q3 25 | -2.1% | -1.6% | ||
| Q2 25 | -0.7% | 6.1% | ||
| Q1 25 | 2.8% | 18.7% | ||
| Q4 24 | -0.2% | 3.7% | ||
| Q3 24 | 1.7% | 0.6% | ||
| Q2 24 | -3.0% | 11.4% |
资本支出强度LADUAL
| Q1 26 | — | 13.9% | ||
| Q4 25 | 1.0% | 12.3% | ||
| Q3 25 | 1.1% | 9.6% | ||
| Q2 25 | 0.8% | 8.4% | ||
| Q1 25 | 0.7% | 9.3% | ||
| Q4 24 | 0.9% | 11.4% | ||
| Q3 24 | 0.7% | 9.5% | ||
| Q2 24 | 1.4% | 7.8% |
现金转化率LADUAL
| Q1 26 | — | 6.87× | ||
| Q4 25 | 0.90× | 1.23× | ||
| Q3 25 | -0.45× | 1.28× | ||
| Q2 25 | 0.04× | 2.28× | ||
| Q1 25 | 1.54× | 9.59× | ||
| Q4 24 | 0.29× | 2.26× | ||
| Q3 24 | 1.05× | 1.55× | ||
| Q2 24 | -0.69× | 2.17× |
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
UAL
| Passenger revenue | $13.2B | 90% |
| Other | $1.0B | 7% |
| Cargo revenue | $422.0M | 3% |
