vs
LandBridge Co LLC（LB）与Ranpak Holdings Corp.（PACK）财务数据对比。点击上方公司名可切换其他公司
Ranpak Holdings Corp.的季度营收约是LandBridge Co LLC的1.8倍（$93.7M vs $51.0M），LandBridge Co LLC同比增速更快（16.0% vs 2.3%），过去两年LandBridge Co LLC的营收复合增速更高（40.2% vs 13.7%）
Ranpak Holdings Corp.主营生产防护纸质包装设备与纸制品，可为电商及各行业货品运输提供纸质缓冲包装方案，同时也供应自动化包装解决方案。公司总部位于美国俄亥俄州康科德，在美国本土多个州、捷克、荷兰、中国上海及新加坡均设有生产基地与办公室，产品可用于包裹缠绕、缓冲填隙、冷链运输等多种场景。
LB vs PACK — 直观对比
营收规模更大
PACK
是对方的1.8倍
$51.0M
营收增速更快
LB
高出13.8%
2.3%
两年增速更快
LB
近两年复合增速
13.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $51.0M | $93.7M |
| 净利润 | $17.9M | — |
| 毛利率 | — | 39.0% |
| 营业利润率 | 57.2% | -1.0% |
| 净利率 | 35.0% | — |
| 营收同比 | 16.0% | 2.3% |
| 净利润同比 | 15.6% | — |
| 每股收益（稀释后） | — | $-0.11 |
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LBPACK
| Q1 26 | $51.0M | — | ||
| Q4 25 | $56.8M | $93.7M | ||
| Q3 25 | $50.8M | $83.6M | ||
| Q2 25 | $47.5M | $77.8M | ||
| Q1 25 | $44.0M | $77.6M | ||
| Q4 24 | $36.5M | $91.6M | ||
| Q3 24 | $28.5M | $78.6M | ||
| Q2 24 | $26.0M | $72.8M |
净利润LBPACK
| Q1 26 | $17.9M | — | ||
| Q4 25 | $8.1M | — | ||
| Q3 25 | $8.1M | $-10.4M | ||
| Q2 25 | $7.5M | $-7.5M | ||
| Q1 25 | $6.5M | $-10.9M | ||
| Q4 24 | $49.3M | — | ||
| Q3 24 | $2.7M | $-8.1M | ||
| Q2 24 | $-57.7M | $5.5M |
毛利率LBPACK
| Q1 26 | — | — | ||
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 41.1% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 45.2% | ||
| Q3 24 | — | 43.8% | ||
| Q2 24 | — | 43.5% |
营业利润率LBPACK
| Q1 26 | 57.2% | — | ||
| Q4 25 | 60.0% | -1.0% | ||
| Q3 25 | 60.8% | -6.8% | ||
| Q2 25 | 60.0% | -12.5% | ||
| Q1 25 | 57.0% | -10.3% | ||
| Q4 24 | 49.4% | 1.5% | ||
| Q3 24 | 11.2% | -5.3% | ||
| Q2 24 | -197.4% | -7.1% |
净利率LBPACK
| Q1 26 | 35.0% | — | ||
| Q4 25 | 14.2% | — | ||
| Q3 25 | 15.9% | -12.4% | ||
| Q2 25 | 15.8% | -9.6% | ||
| Q1 25 | 14.7% | -14.0% | ||
| Q4 24 | 135.2% | — | ||
| Q3 24 | 9.3% | -10.3% | ||
| Q2 24 | -222.1% | 7.6% |
每股收益（稀释后）LBPACK
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $-0.11 | ||
| Q3 25 | $0.26 | $-0.12 | ||
| Q2 25 | $0.24 | $-0.09 | ||
| Q1 25 | $0.20 | $-0.13 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | $-0.04 | $-0.10 | ||
| Q2 24 | — | $0.07 |
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 | $29.7M | $63.0M |
| 总债务越低越好 | $433.0K | $401.9M |
| 股东权益账面价值 | — | $534.9M |
| 总资产 | $1.4B | $1.1B |
| 负债/权益比越低杠杆越低 | — | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资LBPACK
| Q1 26 | $29.7M | — | ||
| Q4 25 | $30.7M | $63.0M | ||
| Q3 25 | $28.3M | $49.9M | ||
| Q2 25 | $20.3M | $49.2M | ||
| Q1 25 | $14.9M | $65.5M | ||
| Q4 24 | $37.0M | $76.1M | ||
| Q3 24 | $14.4M | $69.5M | ||
| Q2 24 | $24.6M | $65.1M |
总债务LBPACK
| Q1 26 | $433.0K | — | ||
| Q4 25 | $570.7M | $401.9M | ||
| Q3 25 | $366.1M | $403.1M | ||
| Q2 25 | $370.9M | $403.1M | ||
| Q1 25 | $375.5M | $405.2M | ||
| Q4 24 | $385.5M | $406.4M | ||
| Q3 24 | $242.4M | $403.2M | ||
| Q2 24 | $360.8M | $396.1M |
股东权益LBPACK
| Q1 26 | — | — | ||
| Q4 25 | $340.3M | $534.9M | ||
| Q3 25 | $272.0M | $537.8M | ||
| Q2 25 | $266.4M | $539.0M | ||
| Q1 25 | $217.0M | $544.1M | ||
| Q4 24 | $211.8M | $548.1M | ||
| Q3 24 | $97.2M | $564.3M | ||
| Q2 24 | $296.4M | $566.2M |
总资产LBPACK
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $689.9M | $1.1B | ||
| Q2 24 | $710.5M | $1.1B |
负债/权益比LBPACK
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | 0.75× | ||
| Q3 25 | 1.35× | 0.75× | ||
| Q2 25 | 1.39× | 0.75× | ||
| Q1 25 | 1.73× | 0.74× | ||
| Q4 24 | 1.82× | 0.74× | ||
| Q3 24 | 2.49× | 0.71× | ||
| Q2 24 | 1.22× | 0.70× |
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 | $41.1M | $19.5M |
| 自由现金流经营现金流 - 资本支出 | $40.9M | — |
| 自由现金流率自由现金流/营收 | 80.3% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.30× | — |
| 过去12个月自由现金流最近4个季度 | $232.8M | — |
8季度趋势，按日历期对齐
经营现金流LBPACK
| Q1 26 | $41.1M | — | ||
| Q4 25 | $126.3M | $19.5M | ||
| Q3 25 | $34.9M | $8.5M | ||
| Q2 25 | $37.3M | $-3.6M | ||
| Q1 25 | $15.9M | $-1.3M | ||
| Q4 24 | $67.6M | $6.5M | ||
| Q3 24 | $7.5M | $10.1M | ||
| Q2 24 | $16.0M | $19.6M |
自由现金流LBPACK
| Q1 26 | $40.9M | — | ||
| Q4 25 | $122.0M | — | ||
| Q3 25 | $33.7M | — | ||
| Q2 25 | $36.1M | — | ||
| Q1 25 | $15.8M | — | ||
| Q4 24 | $66.7M | — | ||
| Q3 24 | $7.1M | — | ||
| Q2 24 | $15.7M | — |
自由现金流率LBPACK
| Q1 26 | 80.3% | — | ||
| Q4 25 | 214.9% | — | ||
| Q3 25 | 66.3% | — | ||
| Q2 25 | 75.9% | — | ||
| Q1 25 | 36.0% | — | ||
| Q4 24 | 182.6% | — | ||
| Q3 24 | 25.1% | — | ||
| Q2 24 | 60.4% | — |
资本支出强度LBPACK
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 1.4% | — |
现金转化率LBPACK
| Q1 26 | 2.30× | — | ||
| Q4 25 | 15.68× | — | ||
| Q3 25 | 4.31× | — | ||
| Q2 25 | 4.98× | — | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 2.80× | — | ||
| Q2 24 | — | 3.56× |
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
LB
| Other | $14.2M | 28% |
| Easements and other surface-related revenues | $11.6M | 23% |
| Surface use royalties - related party | $11.0M | 22% |
| Resource sales | $5.2M | 10% |
| Resource royalties | $4.3M | 8% |
| Easements and other surface-related revenues - related party | $3.2M | 6% |
| Resource royalties - related party | $1.3M | 2% |
| Resource sales - related party | $205.0K | 0% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
