vs
LandBridge Co LLC（LB）与Perimeter Solutions, Inc.（PRM）财务数据对比。点击上方公司名可切换其他公司
Perimeter Solutions, Inc.的季度营收约是LandBridge Co LLC的2.0倍（$102.8M vs $51.0M），LandBridge Co LLC净利率更高（35.0% vs -136.5%，领先171.5%），Perimeter Solutions, Inc.同比增速更快（19.2% vs 16.0%），LandBridge Co LLC自由现金流更多（$40.9M vs $11.6M），过去两年LandBridge Co LLC的营收复合增速更高（40.2% vs 31.9%）
Perimeter Solutions是一家以色列云与网络安全企业，专为各类机构打造基于零信任架构的安全远程网络方案，其技术可替代VPN、防火墙等传统安全硬件设备，助力企业简化网络安全部署，提升远程访问的安全性与效率。
LB vs PRM — 直观对比
营收规模更大
PRM
是对方的2.0倍
$51.0M
营收增速更快
PRM
高出3.1%
16.0%
净利率更高
LB
高出171.5%
-136.5%
自由现金流更多
LB
多$29.3M
$11.6M
两年增速更快
LB
近两年复合增速
31.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $51.0M | $102.8M |
| 净利润 | $17.9M | $-140.2M |
| 毛利率 | — | 45.2% |
| 营业利润率 | 57.2% | -160.7% |
| 净利率 | 35.0% | -136.5% |
| 营收同比 | 16.0% | 19.2% |
| 净利润同比 | 15.6% | -197.3% |
| 每股收益（稀释后） | — | $-0.89 |
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LBPRM
| Q1 26 | $51.0M | — | ||
| Q4 25 | $56.8M | $102.8M | ||
| Q3 25 | $50.8M | $315.4M | ||
| Q2 25 | $47.5M | $162.6M | ||
| Q1 25 | $44.0M | $72.0M | ||
| Q4 24 | $36.5M | $86.2M | ||
| Q3 24 | $28.5M | $288.4M | ||
| Q2 24 | $26.0M | $127.3M |
净利润LBPRM
| Q1 26 | $17.9M | — | ||
| Q4 25 | $8.1M | $-140.2M | ||
| Q3 25 | $8.1M | $-90.7M | ||
| Q2 25 | $7.5M | $-32.2M | ||
| Q1 25 | $6.5M | $56.7M | ||
| Q4 24 | $49.3M | $144.2M | ||
| Q3 24 | $2.7M | $-89.2M | ||
| Q2 24 | $-57.7M | $21.6M |
毛利率LBPRM
| Q1 26 | — | — | ||
| Q4 25 | — | 45.2% | ||
| Q3 25 | — | 63.1% | ||
| Q2 25 | — | 62.4% | ||
| Q1 25 | — | 39.1% | ||
| Q4 24 | — | 48.6% | ||
| Q3 24 | — | 62.8% | ||
| Q2 24 | — | 57.6% |
营业利润率LBPRM
| Q1 26 | 57.2% | — | ||
| Q4 25 | 60.0% | -160.7% | ||
| Q3 25 | 60.8% | -27.7% | ||
| Q2 25 | 60.0% | -16.1% | ||
| Q1 25 | 57.0% | — | ||
| Q4 24 | 49.4% | 71.1% | ||
| Q3 24 | 11.2% | -12.2% | ||
| Q2 24 | -197.4% | 35.4% |
净利率LBPRM
| Q1 26 | 35.0% | — | ||
| Q4 25 | 14.2% | -136.5% | ||
| Q3 25 | 15.9% | -28.7% | ||
| Q2 25 | 15.8% | -19.8% | ||
| Q1 25 | 14.7% | 78.7% | ||
| Q4 24 | 135.2% | 167.2% | ||
| Q3 24 | 9.3% | -30.9% | ||
| Q2 24 | -222.1% | 17.0% |
每股收益（稀释后）LBPRM
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $-0.89 | ||
| Q3 25 | $0.26 | $-0.62 | ||
| Q2 25 | $0.24 | $-0.22 | ||
| Q1 25 | $0.20 | $0.36 | ||
| Q4 24 | — | $1.00 | ||
| Q3 24 | $-0.04 | $-0.61 | ||
| Q2 24 | — | $0.14 |
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 | $325.9M |
| 总债务越低越好 | $433.0K | $669.1M |
| 股东权益账面价值 | — | $1.1B |
| 总资产 | $1.4B | $2.7B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资LBPRM
| Q1 26 | $29.7M | — | ||
| Q4 25 | $30.7M | $325.9M | ||
| Q3 25 | $28.3M | $340.6M | ||
| Q2 25 | $20.3M | $140.7M | ||
| Q1 25 | $14.9M | $200.1M | ||
| Q4 24 | $37.0M | $198.5M | ||
| Q3 24 | $14.4M | $223.1M | ||
| Q2 24 | $24.6M | $43.2M |
总债务LBPRM
| Q1 26 | $433.0K | — | ||
| Q4 25 | $570.7M | $669.1M | ||
| Q3 25 | $366.1M | $668.8M | ||
| Q2 25 | $370.9M | $668.4M | ||
| Q1 25 | $375.5M | $668.1M | ||
| Q4 24 | $385.5M | $667.8M | ||
| Q3 24 | $242.4M | $667.4M | ||
| Q2 24 | $360.8M | $667.1M |
股东权益LBPRM
| Q1 26 | — | — | ||
| Q4 25 | $340.3M | $1.1B | ||
| Q3 25 | $272.0M | $1.1B | ||
| Q2 25 | $266.4M | $1.2B | ||
| Q1 25 | $217.0M | $1.2B | ||
| Q4 24 | $211.8M | $1.2B | ||
| Q3 24 | $97.2M | $1.0B | ||
| Q2 24 | $296.4M | $1.1B |
总资产LBPRM
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $2.7B | ||
| Q3 25 | $1.1B | $2.6B | ||
| Q2 25 | $1.1B | $2.5B | ||
| Q1 25 | $1.0B | $2.4B | ||
| Q4 24 | $1.0B | $2.4B | ||
| Q3 24 | $689.9M | $2.5B | ||
| Q2 24 | $710.5M | $2.3B |
负债/权益比LBPRM
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | 0.59× | ||
| Q3 25 | 1.35× | 0.60× | ||
| Q2 25 | 1.39× | 0.57× | ||
| Q1 25 | 1.73× | 0.55× | ||
| Q4 24 | 1.82× | 0.58× | ||
| Q3 24 | 2.49× | 0.67× | ||
| Q2 24 | 1.22× | 0.62× |
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 | $18.6M |
| 自由现金流经营现金流 - 资本支出 | $40.9M | $11.6M |
| 自由现金流率自由现金流/营收 | 80.3% | 11.3% |
| 资本支出强度资本支出/营收 | — | 6.8% |
| 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 | $208.6M |
8季度趋势，按日历期对齐
经营现金流LBPRM
| Q1 26 | $41.1M | — | ||
| Q4 25 | $126.3M | $18.6M | ||
| Q3 25 | $34.9M | $198.7M | ||
| Q2 25 | $37.3M | $-2.9M | ||
| Q1 25 | $15.9M | $23.7M | ||
| Q4 24 | $67.6M | $-6.0M | ||
| Q3 24 | $7.5M | $183.0M | ||
| Q2 24 | $16.0M | $8.6M |
自由现金流LBPRM
| Q1 26 | $40.9M | — | ||
| Q4 25 | $122.0M | $11.6M | ||
| Q3 25 | $33.7M | $193.6M | ||
| Q2 25 | $36.1M | $-15.6M | ||
| Q1 25 | $15.8M | $18.9M | ||
| Q4 24 | $66.7M | $-12.4M | ||
| Q3 24 | $7.1M | $179.1M | ||
| Q2 24 | $15.7M | $5.0M |
自由现金流率LBPRM
| Q1 26 | 80.3% | — | ||
| Q4 25 | 214.9% | 11.3% | ||
| Q3 25 | 66.3% | 61.4% | ||
| Q2 25 | 75.9% | -9.6% | ||
| Q1 25 | 36.0% | 26.3% | ||
| Q4 24 | 182.6% | -14.4% | ||
| Q3 24 | 25.1% | 62.1% | ||
| Q2 24 | 60.4% | 3.9% |
资本支出强度LBPRM
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 6.8% | ||
| Q3 25 | 2.3% | 1.6% | ||
| Q2 25 | 2.6% | 7.8% | ||
| Q1 25 | 0.2% | 6.7% | ||
| Q4 24 | 2.7% | 7.5% | ||
| Q3 24 | 1.1% | 1.3% | ||
| Q2 24 | 1.4% | 2.9% |
现金转化率LBPRM
| Q1 26 | 2.30× | — | ||
| Q4 25 | 15.68× | — | ||
| Q3 25 | 4.31× | — | ||
| Q2 25 | 4.98× | — | ||
| Q1 25 | 2.46× | 0.42× | ||
| Q4 24 | 1.37× | -0.04× | ||
| Q3 24 | 2.80× | — | ||
| Q2 24 | — | 0.40× |
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% |
PRM
| Products | $87.7M | 85% |
| Service And Other | $14.8M | 14% |
