vs
拉扎德（LAZ）与UFP INDUSTRIES INC（UFPI）财务数据对比。点击上方公司名可切换其他公司
UFP INDUSTRIES INC的季度营收约是拉扎德的1.4倍（$1.3B vs $929.4M），拉扎德净利率更高（5.4% vs 3.0%，领先2.4%），拉扎德同比增速更快（10.8% vs -9.0%），拉扎德自由现金流更多（$396.1M vs $82.7M），过去两年拉扎德的营收复合增速更高（8.8% vs -9.9%）
拉扎德公司是一家美国金融咨询与资产管理机构，业务覆盖投资银行、资产管理及其他金融服务，核心客户以机构客户为主。作为全球规模最大的独立投资银行，其主要行政办公室分布于纽约、巴黎及伦敦三地。
UFP工业是一家控股企业，业务覆盖零售、工业、建筑三大市场，总部位于美国密歇根州大急流城，1993年公开上市，旗下共有218家关联运营主体，面向零售、建筑、包装三大领域供应数万种产品。
LAZ vs UFPI — 直观对比
营收规模更大
UFPI
是对方的1.4倍
$929.4M
营收增速更快
LAZ
高出19.8%
-9.0%
净利率更高
LAZ
高出2.4%
3.0%
自由现金流更多
LAZ
多$313.4M
$82.7M
两年增速更快
LAZ
近两年复合增速
-9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $929.4M | $1.3B |
| 净利润 | $49.9M | $40.0M |
| 毛利率 | — | 16.3% |
| 营业利润率 | 9.1% | 4.4% |
| 净利率 | 5.4% | 3.0% |
| 营收同比 | 10.8% | -9.0% |
| 净利润同比 | -42.2% | -41.3% |
| 每股收益（稀释后） | $0.44 | $0.71 |
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LAZUFPI
| Q4 25 | $929.4M | $1.3B | ||
| Q3 25 | $770.8M | $1.6B | ||
| Q2 25 | $817.2M | $1.8B | ||
| Q1 25 | $669.2M | $1.6B | ||
| Q4 24 | $839.0M | $1.5B | ||
| Q3 24 | $807.4M | $1.6B | ||
| Q2 24 | $708.0M | $1.9B | ||
| Q1 24 | $785.5M | $1.6B |
净利润LAZUFPI
| Q4 25 | $49.9M | $40.0M | ||
| Q3 25 | $71.2M | $75.3M | ||
| Q2 25 | $55.3M | $100.7M | ||
| Q1 25 | $60.4M | $78.8M | ||
| Q4 24 | $86.3M | $68.0M | ||
| Q3 24 | $107.9M | $99.8M | ||
| Q2 24 | $49.9M | $125.9M | ||
| Q1 24 | $35.8M | $120.8M |
毛利率LAZUFPI
| Q4 25 | — | 16.3% | ||
| Q3 25 | — | 16.8% | ||
| Q2 25 | — | 17.0% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 16.4% | ||
| Q3 24 | — | 18.1% | ||
| Q2 24 | — | 19.1% | ||
| Q1 24 | — | 19.9% |
营业利润率LAZUFPI
| Q4 25 | 9.1% | 4.4% | ||
| Q3 25 | 12.3% | 5.7% | ||
| Q2 25 | 11.4% | 6.7% | ||
| Q1 25 | 8.2% | 5.8% | ||
| Q4 24 | 12.8% | 5.4% | ||
| Q3 24 | 20.0% | 7.3% | ||
| Q2 24 | 9.0% | 8.4% | ||
| Q1 24 | 6.9% | 8.2% |
净利率LAZUFPI
| Q4 25 | 5.4% | 3.0% | ||
| Q3 25 | 9.2% | 4.8% | ||
| Q2 25 | 6.8% | 5.5% | ||
| Q1 25 | 9.0% | 4.9% | ||
| Q4 24 | 10.3% | 4.7% | ||
| Q3 24 | 13.4% | 6.1% | ||
| Q2 24 | 7.0% | 6.6% | ||
| Q1 24 | 4.6% | 7.4% |
每股收益（稀释后）LAZUFPI
| Q4 25 | $0.44 | $0.71 | ||
| Q3 25 | $0.65 | $1.29 | ||
| Q2 25 | $0.52 | $1.70 | ||
| Q1 25 | $0.56 | $1.30 | ||
| Q4 24 | $0.82 | $1.12 | ||
| Q3 24 | $1.02 | $1.64 | ||
| Q2 24 | $0.49 | $2.05 | ||
| Q1 24 | $0.35 | $1.96 |
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 | $1.5B | $948.6M |
| 总债务越低越好 | $1.7B | $229.8M |
| 股东权益账面价值 | $873.7M | $3.1B |
| 总资产 | $4.9B | $4.0B |
| 负债/权益比越低杠杆越低 | 1.93× | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资LAZUFPI
| Q4 25 | $1.5B | $948.6M | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $978.3M | $874.0M | ||
| Q1 25 | $908.6M | $934.3M | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $847.6M | $1.1B | ||
| Q1 24 | $923.2M | $1.0B |
总债务LAZUFPI
| Q4 25 | $1.7B | $229.8M | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $234.0M | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | — |
股东权益LAZUFPI
| Q4 25 | $873.7M | $3.1B | ||
| Q3 25 | $841.5M | $3.2B | ||
| Q2 25 | $741.6M | $3.1B | ||
| Q1 25 | $603.0M | $3.2B | ||
| Q4 24 | $636.2M | $3.2B | ||
| Q3 24 | $624.3M | $3.2B | ||
| Q2 24 | $458.7M | $3.1B | ||
| Q1 24 | $392.7M | $3.1B |
总资产LAZUFPI
| Q4 25 | $4.9B | $4.0B | ||
| Q3 25 | $4.6B | $4.1B | ||
| Q2 25 | $4.5B | $4.1B | ||
| Q1 25 | $4.2B | $4.2B | ||
| Q4 24 | $4.8B | $4.2B | ||
| Q3 24 | $4.8B | $4.2B | ||
| Q2 24 | $4.5B | $4.1B | ||
| Q1 24 | $4.6B | $4.1B |
负债/权益比LAZUFPI
| Q4 25 | 1.93× | 0.08× | ||
| Q3 25 | 2.01× | — | ||
| Q2 25 | 2.28× | — | ||
| Q1 25 | 2.80× | — | ||
| Q4 24 | 2.65× | 0.07× | ||
| Q3 24 | 2.97× | — | ||
| Q2 24 | 4.04× | — | ||
| Q1 24 | 4.71× | — |
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 | $399.7M | $146.6M |
| 自由现金流经营现金流 - 资本支出 | $396.1M | $82.7M |
| 自由现金流率自由现金流/营收 | 42.6% | 6.2% |
| 资本支出强度资本支出/营收 | 0.4% | 4.8% |
| 现金转化率经营现金流/净利润 | 8.02× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $487.4M | $276.4M |
8季度趋势，按日历期对齐
经营现金流LAZUFPI
| Q4 25 | $399.7M | $146.6M | ||
| Q3 25 | $287.5M | $286.0M | ||
| Q2 25 | $49.7M | $221.9M | ||
| Q1 25 | $-217.5M | $-108.8M | ||
| Q4 24 | $362.9M | $144.9M | ||
| Q3 24 | $293.7M | $258.6M | ||
| Q2 24 | $176.2M | $255.9M | ||
| Q1 24 | $-90.0M | $-16.8M |
自由现金流LAZUFPI
| Q4 25 | $396.1M | $82.7M | ||
| Q3 25 | $284.6M | $210.2M | ||
| Q2 25 | $38.0M | $159.5M | ||
| Q1 25 | $-231.3M | $-176.1M | ||
| Q4 24 | $348.0M | $78.1M | ||
| Q3 24 | $276.2M | $199.7M | ||
| Q2 24 | $169.8M | $198.4M | ||
| Q1 24 | $-96.6M | $-65.9M |
自由现金流率LAZUFPI
| Q4 25 | 42.6% | 6.2% | ||
| Q3 25 | 36.9% | 13.5% | ||
| Q2 25 | 4.6% | 8.7% | ||
| Q1 25 | -34.6% | -11.0% | ||
| Q4 24 | 41.5% | 5.3% | ||
| Q3 24 | 34.2% | 12.1% | ||
| Q2 24 | 24.0% | 10.4% | ||
| Q1 24 | -12.3% | -4.0% |
资本支出强度LAZUFPI
| Q4 25 | 0.4% | 4.8% | ||
| Q3 25 | 0.4% | 4.9% | ||
| Q2 25 | 1.4% | 3.4% | ||
| Q1 25 | 2.1% | 4.2% | ||
| Q4 24 | 1.8% | 4.6% | ||
| Q3 24 | 2.2% | 3.6% | ||
| Q2 24 | 0.9% | 3.0% | ||
| Q1 24 | 0.8% | 3.0% |
现金转化率LAZUFPI
| Q4 25 | 8.02× | 3.67× | ||
| Q3 25 | 4.03× | 3.80× | ||
| Q2 25 | 0.90× | 2.20× | ||
| Q1 25 | -3.60× | -1.38× | ||
| Q4 24 | 4.20× | 2.13× | ||
| Q3 24 | 2.72× | 2.59× | ||
| Q2 24 | 3.53× | 2.03× | ||
| Q1 24 | -2.52× | -0.14× |
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
LAZ
| Financial Advisory Segment | $542.3M | 58% |
| Asset Management1 | $347.8M | 37% |
| Incentive Fees | $40.9M | 4% |
UFPI
| Retail Segment | $444.0M | 33% |
| Structural Packaging | $230.2M | 17% |
| Factory Built | $189.7M | 14% |
| Site Built | $152.7M | 11% |
| Palletone Inc | $119.2M | 9% |
| Deckorators | $55.2M | 4% |
| Commercial | $53.2M | 4% |
| Concrete Forming | $44.2M | 3% |
| Transferred Over Time | $29.6M | 2% |
| Protective Packaging | $20.7M | 2% |
