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LCI INDUSTRIES（LCII）与Life Time Group Holdings, Inc.（LTH）财务数据对比。点击上方公司名可切换其他公司
LCI INDUSTRIES的季度营收约是Life Time Group Holdings, Inc.的1.2倍（$932.7M vs $788.7M），Life Time Group Holdings, Inc.净利率更高（11.2% vs 2.0%，领先9.2%），LCI INDUSTRIES同比增速更快（16.1% vs 11.7%），LCI INDUSTRIES自由现金流更多（$64.3M vs $-61.2M），过去两年Life Time Group Holdings, Inc.的营收复合增速更高（8.7% vs -1.8%）
拉奇核心工业有限公司前身为巴基斯坦帝国化学工业公司，是一家总部位于卡拉奇的巴基斯坦综合性企业集团，业务覆盖聚酯、医药、农用化学品、纯碱及兽药等多品类产品的研发生产，在巴基斯坦本土工业领域拥有重要市场地位。
Life Time Group Holdings是美国高端健身康养服务运营商，在全美运营连锁高端运动场馆，提供健身器材使用、团体课程、私教指导、SPA护理、营养咨询、青少年运动项目及联合办公等服务，服务于追求健康生活方式的消费群体。
LCII vs LTH — 直观对比
营收规模更大
LCII
是对方的1.2倍
$788.7M
营收增速更快
LCII
高出4.4%
11.7%
净利率更高
LTH
高出9.2%
2.0%
自由现金流更多
LCII
多$125.5M
$-61.2M
两年增速更快
LTH
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $932.7M | $788.7M |
| 净利润 | $18.7M | $88.1M |
| 毛利率 | 22.1% | — |
| 营业利润率 | 3.8% | 17.1% |
| 净利率 | 2.0% | 11.2% |
| 营收同比 | 16.1% | 11.7% |
| 净利润同比 | 95.7% | 15.8% |
| 每股收益（稀释后） | $0.79 | $0.39 |
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LCIILTH
| Q1 26 | — | $788.7M | ||
| Q4 25 | $932.7M | $745.1M | ||
| Q3 25 | $1.0B | $782.6M | ||
| Q2 25 | $1.1B | $761.5M | ||
| Q1 25 | $1.0B | $706.0M | ||
| Q4 24 | $803.1M | $663.3M | ||
| Q3 24 | $915.5M | $693.2M | ||
| Q2 24 | $1.1B | $667.8M |
净利润LCIILTH
| Q1 26 | — | $88.1M | ||
| Q4 25 | $18.7M | $123.0M | ||
| Q3 25 | $62.5M | $102.4M | ||
| Q2 25 | $57.6M | $72.1M | ||
| Q1 25 | $49.4M | $76.1M | ||
| Q4 24 | $9.5M | $37.2M | ||
| Q3 24 | $35.6M | $41.4M | ||
| Q2 24 | $61.2M | $52.8M |
毛利率LCIILTH
| Q1 26 | — | — | ||
| Q4 25 | 22.1% | 49.1% | ||
| Q3 25 | 24.4% | 47.1% | ||
| Q2 25 | 24.4% | 47.0% | ||
| Q1 25 | 24.1% | 47.5% | ||
| Q4 24 | 21.1% | 48.2% | ||
| Q3 24 | 24.0% | 46.5% | ||
| Q2 24 | 25.3% | 46.8% |
营业利润率LCIILTH
| Q1 26 | — | 17.1% | ||
| Q4 25 | 3.8% | 17.4% | ||
| Q3 25 | 7.3% | 17.3% | ||
| Q2 25 | 7.9% | 14.2% | ||
| Q1 25 | 7.8% | 15.2% | ||
| Q4 24 | 2.0% | 13.1% | ||
| Q3 24 | 5.9% | 13.5% | ||
| Q2 24 | 8.6% | 15.7% |
净利率LCIILTH
| Q1 26 | — | 11.2% | ||
| Q4 25 | 2.0% | 16.5% | ||
| Q3 25 | 6.0% | 13.1% | ||
| Q2 25 | 5.2% | 9.5% | ||
| Q1 25 | 4.7% | 10.8% | ||
| Q4 24 | 1.2% | 5.6% | ||
| Q3 24 | 3.9% | 6.0% | ||
| Q2 24 | 5.8% | 7.9% |
每股收益（稀释后）LCIILTH
| Q1 26 | — | $0.39 | ||
| Q4 25 | $0.79 | $0.55 | ||
| Q3 25 | $2.55 | $0.45 | ||
| Q2 25 | $2.29 | $0.32 | ||
| Q1 25 | $1.94 | $0.34 | ||
| Q4 24 | $0.37 | $0.17 | ||
| Q3 24 | $1.39 | $0.19 | ||
| Q2 24 | $2.40 | $0.26 |
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 | $222.6M | $120.0M |
| 总债务越低越好 | $945.2M | $1.5B |
| 股东权益账面价值 | $1.4B | $3.2B |
| 总资产 | $3.2B | $8.1B |
| 负债/权益比越低杠杆越低 | 0.69× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资LCIILTH
| Q1 26 | — | $120.0M | ||
| Q4 25 | $222.6M | $204.8M | ||
| Q3 25 | $199.7M | $218.9M | ||
| Q2 25 | $191.9M | $175.5M | ||
| Q1 25 | $231.2M | $59.0M | ||
| Q4 24 | $165.8M | $10.9M | ||
| Q3 24 | $161.2M | $120.9M | ||
| Q2 24 | $130.4M | $34.5M |
总债务LCIILTH
| Q1 26 | — | $1.5B | ||
| Q4 25 | $945.2M | $1.5B | ||
| Q3 25 | $947.8M | $1.5B | ||
| Q2 25 | $948.0M | $1.5B | ||
| Q1 25 | $938.3M | $1.5B | ||
| Q4 24 | $757.3M | $1.5B | ||
| Q3 24 | $822.5M | $1.7B | ||
| Q2 24 | $829.7M | $1.8B |
股东权益LCIILTH
| Q1 26 | — | $3.2B | ||
| Q4 25 | $1.4B | $3.1B | ||
| Q3 25 | $1.4B | $3.0B | ||
| Q2 25 | $1.4B | $2.9B | ||
| Q1 25 | $1.4B | $2.7B | ||
| Q4 24 | $1.4B | $2.6B | ||
| Q3 24 | $1.4B | $2.6B | ||
| Q2 24 | $1.4B | $2.4B |
总资产LCIILTH
| Q1 26 | — | $8.1B | ||
| Q4 25 | $3.2B | $8.0B | ||
| Q3 25 | $3.2B | $7.8B | ||
| Q2 25 | $3.2B | $7.6B | ||
| Q1 25 | $3.1B | $7.3B | ||
| Q4 24 | $2.9B | $7.2B | ||
| Q3 24 | $3.0B | $7.2B | ||
| Q2 24 | $3.0B | $7.1B |
负债/权益比LCIILTH
| Q1 26 | — | 0.46× | ||
| Q4 25 | 0.69× | 0.48× | ||
| Q3 25 | 0.70× | 0.51× | ||
| Q2 25 | 0.68× | 0.53× | ||
| Q1 25 | 0.69× | 0.56× | ||
| Q4 24 | 0.55× | 0.59× | ||
| Q3 24 | 0.58× | 0.64× | ||
| Q2 24 | 0.60× | 0.78× |
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 | $78.9M | $198.8M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $-61.2M |
| 自由现金流率自由现金流/营收 | 6.9% | -7.8% |
| 资本支出强度资本支出/营收 | 1.6% | 26.0% |
| 现金转化率经营现金流/净利润 | 4.22× | 2.26× |
| 过去12个月自由现金流最近4个季度 | $278.3M | $-123.6M |
8季度趋势，按日历期对齐
经营现金流LCIILTH
| Q1 26 | — | $198.8M | ||
| Q4 25 | $78.9M | $239.9M | ||
| Q3 25 | $97.2M | $251.1M | ||
| Q2 25 | $112.2M | $195.7M | ||
| Q1 25 | $42.7M | $183.9M | ||
| Q4 24 | $106.6M | $163.1M | ||
| Q3 24 | $78.4M | $151.1M | ||
| Q2 24 | $192.9M | $170.4M |
自由现金流LCIILTH
| Q1 26 | — | $-61.2M | ||
| Q4 25 | $64.3M | $-64.6M | ||
| Q3 25 | $80.9M | $28.6M | ||
| Q2 25 | $99.5M | $-26.3M | ||
| Q1 25 | $33.7M | $41.4M | ||
| Q4 24 | $95.7M | $26.8M | ||
| Q3 24 | $68.3M | $64.0M | ||
| Q2 24 | $180.2M | $26.1M |
自由现金流率LCIILTH
| Q1 26 | — | -7.8% | ||
| Q4 25 | 6.9% | -8.7% | ||
| Q3 25 | 7.8% | 3.7% | ||
| Q2 25 | 9.0% | -3.5% | ||
| Q1 25 | 3.2% | 5.9% | ||
| Q4 24 | 11.9% | 4.0% | ||
| Q3 24 | 7.5% | 9.2% | ||
| Q2 24 | 17.1% | 3.9% |
资本支出强度LCIILTH
| Q1 26 | — | 26.0% | ||
| Q4 25 | 1.6% | 40.9% | ||
| Q3 25 | 1.6% | 28.4% | ||
| Q2 25 | 1.2% | 29.2% | ||
| Q1 25 | 0.9% | 20.2% | ||
| Q4 24 | 1.4% | 20.6% | ||
| Q3 24 | 1.1% | 12.6% | ||
| Q2 24 | 1.2% | 21.6% |
现金转化率LCIILTH
| Q1 26 | — | 2.26× | ||
| Q4 25 | 4.22× | 1.95× | ||
| Q3 25 | 1.55× | 2.45× | ||
| Q2 25 | 1.95× | 2.71× | ||
| Q1 25 | 0.86× | 2.41× | ||
| Q4 24 | 11.17× | 4.39× | ||
| Q3 24 | 2.20× | 3.65× | ||
| Q2 24 | 3.15× | 3.23× |
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
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
LTH
| Center revenue | $767.6M | 97% |
| Other revenue | $21.1M | 3% |
