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LAMAR ADVERTISING CO（LAMR）与诺唯真游轮控股（LINE）财务数据对比。点击上方公司名可切换其他公司
诺唯真游轮控股的季度营收约是LAMAR ADVERTISING CO的2.3倍（$1.4B vs $595.9M），LAMAR ADVERTISING CO净利率更高（25.6% vs -7.3%，领先32.8%），诺唯真游轮控股同比增速更快（3.1% vs 2.8%），LAMAR ADVERTISING CO自由现金流更多（$208.3M vs $35.0M）
拉马尔广告是一家知名户外广告服务商，1902年由查尔斯·W·拉马尔与J.M.科伊创立，总部位于美国路易斯安那州巴吞鲁日。公司业务覆盖美国与加拿大，在两地设有超200个运营网点，旗下在美国境内拥有超过36.3万个广告展示位，涵盖广告牌、标识标牌、公共交通展示载体等品类，2014年转型为房地产投资信托。
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
LAMR vs LINE — 直观对比
营收规模更大
LINE
是对方的2.3倍
$595.9M
营收增速更快
LINE
高出0.3%
2.8%
净利率更高
LAMR
高出32.8%
-7.3%
自由现金流更多
LAMR
多$173.3M
$35.0M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $595.9M | $1.4B |
| 净利润 | $152.3M | $-100.0M |
| 毛利率 | 67.7% | 32.3% |
| 营业利润率 | 32.9% | 2.5% |
| 净利率 | 25.6% | -7.3% |
| 营收同比 | 2.8% | 3.1% |
| 净利润同比 | 12801.3% | 79.4% |
| 每股收益（稀释后） | $1.50 | $-0.44 |
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LAMRLINE
| Q4 25 | $595.9M | — | ||
| Q3 25 | $585.5M | $1.4B | ||
| Q2 25 | $579.3M | $1.4B | ||
| Q1 25 | $505.4M | $1.3B | ||
| Q4 24 | $579.6M | $1.3B | ||
| Q3 24 | $564.1M | $1.3B | ||
| Q2 24 | $565.3M | $1.3B | ||
| Q1 24 | $498.1M | $1.3B |
净利润LAMRLINE
| Q4 25 | $152.3M | — | ||
| Q3 25 | $141.8M | $-100.0M | ||
| Q2 25 | $154.4M | $-6.0M | ||
| Q1 25 | $138.8M | $0 | ||
| Q4 24 | $-1.2M | $-71.0M | ||
| Q3 24 | $147.5M | $-485.0M | ||
| Q2 24 | $137.4M | $-68.0M | ||
| Q1 24 | $78.2M | $-40.0M |
毛利率LAMRLINE
| Q4 25 | 67.7% | — | ||
| Q3 25 | 67.9% | 32.3% | ||
| Q2 25 | 67.8% | 31.9% | ||
| Q1 25 | 64.4% | 32.2% | ||
| Q4 24 | 67.8% | 32.3% | ||
| Q3 24 | 67.6% | 32.8% | ||
| Q2 24 | 67.6% | 33.4% | ||
| Q1 24 | 64.7% | 33.4% |
营业利润率LAMRLINE
| Q4 25 | 32.9% | — | ||
| Q3 25 | 32.3% | 2.5% | ||
| Q2 25 | 34.1% | 1.7% | ||
| Q1 25 | 37.8% | 4.3% | ||
| Q4 24 | 6.3% | -1.6% | ||
| Q3 24 | 33.1% | -38.6% | ||
| Q2 24 | 32.6% | 5.5% | ||
| Q1 24 | 25.0% | 7.6% |
净利率LAMRLINE
| Q4 25 | 25.6% | — | ||
| Q3 25 | 24.2% | -7.3% | ||
| Q2 25 | 26.6% | -0.4% | ||
| Q1 25 | 27.5% | — | ||
| Q4 24 | -0.2% | -5.3% | ||
| Q3 24 | 26.1% | -36.3% | ||
| Q2 24 | 24.3% | -5.1% | ||
| Q1 24 | 15.7% | -3.0% |
每股收益（稀释后）LAMRLINE
| Q4 25 | $1.50 | — | ||
| Q3 25 | $1.40 | $-0.44 | ||
| Q2 25 | $1.52 | $-0.03 | ||
| Q1 25 | $1.35 | $0.01 | ||
| Q4 24 | $-0.02 | $-0.52 | ||
| Q3 24 | $1.44 | $-2.44 | ||
| Q2 24 | $1.34 | $-0.46 | ||
| Q1 24 | $0.76 | $-0.28 |
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 | $64.8M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $8.4B |
| 总资产 | $6.9B | $19.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LAMRLINE
| Q4 25 | $64.8M | — | ||
| Q3 25 | $22.0M | — | ||
| Q2 25 | $55.7M | — | ||
| Q1 25 | $36.1M | — | ||
| Q4 24 | $49.5M | $173.0M | ||
| Q3 24 | $29.5M | $409.0M | ||
| Q2 24 | $77.9M | $73.0M | ||
| Q1 24 | $36.4M | — |
股东权益LAMRLINE
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | $8.4B | ||
| Q2 25 | $906.9M | $8.6B | ||
| Q1 25 | $1.0B | $8.6B | ||
| Q4 24 | $1.0B | $8.6B | ||
| Q3 24 | $1.2B | $9.0B | ||
| Q2 24 | $1.2B | $4.9B | ||
| Q1 24 | $1.2B | $5.6B |
总资产LAMRLINE
| Q4 25 | $6.9B | — | ||
| Q3 25 | $6.8B | $19.2B | ||
| Q2 25 | $6.7B | $19.4B | ||
| Q1 25 | $6.5B | $18.8B | ||
| Q4 24 | $6.6B | $18.7B | ||
| Q3 24 | $6.5B | $19.3B | ||
| Q2 24 | $6.6B | $18.8B | ||
| Q1 24 | $6.5B | — |
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 | $271.2M | $230.0M |
| 自由现金流经营现金流 - 资本支出 | $208.3M | $35.0M |
| 自由现金流率自由现金流/营收 | 35.0% | 2.5% |
| 资本支出强度资本支出/营收 | 10.5% | 14.2% |
| 现金转化率经营现金流/净利润 | 1.78× | — |
| 过去12个月自由现金流最近4个季度 | $683.2M | — |
8季度趋势，按日历期对齐
经营现金流LAMRLINE
| Q4 25 | $271.2M | — | ||
| Q3 25 | $235.7M | $230.0M | ||
| Q2 25 | $229.5M | $258.0M | ||
| Q1 25 | $127.7M | $139.0M | ||
| Q4 24 | $279.3M | — | ||
| Q3 24 | $227.4M | $186.0M | ||
| Q2 24 | $256.3M | $155.0M | ||
| Q1 24 | $110.6M | $105.0M |
自由现金流LAMRLINE
| Q4 25 | $208.3M | — | ||
| Q3 25 | $185.8M | $35.0M | ||
| Q2 25 | $191.3M | $95.0M | ||
| Q1 25 | $97.9M | $-12.0M | ||
| Q4 24 | $236.3M | — | ||
| Q3 24 | $197.3M | $33.0M | ||
| Q2 24 | $233.7M | $-31.0M | ||
| Q1 24 | $81.1M | $-42.0M |
自由现金流率LAMRLINE
| Q4 25 | 35.0% | — | ||
| Q3 25 | 31.7% | 2.5% | ||
| Q2 25 | 33.0% | 7.0% | ||
| Q1 25 | 19.4% | -0.9% | ||
| Q4 24 | 40.8% | — | ||
| Q3 24 | 35.0% | 2.5% | ||
| Q2 24 | 41.3% | -2.3% | ||
| Q1 24 | 16.3% | -3.2% |
资本支出强度LAMRLINE
| Q4 25 | 10.5% | — | ||
| Q3 25 | 8.5% | 14.2% | ||
| Q2 25 | 6.6% | 12.1% | ||
| Q1 25 | 5.9% | 11.7% | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 5.3% | 11.5% | ||
| Q2 24 | 4.0% | 13.9% | ||
| Q1 24 | 5.9% | 11.1% |
现金转化率LAMRLINE
| Q4 25 | 1.78× | — | ||
| Q3 25 | 1.66× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.54× | — | ||
| Q2 24 | 1.87× | — | ||
| Q1 24 | 1.41× | — |
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
LAMR
| Reportable Segment Aggregation Before Other Operating Segment | $531.9M | 89% |
| Transit Advertising | $42.0M | 7% |
| Logo Advertising | $22.1M | 4% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
