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LCI INDUSTRIES（LCII）与Cloudflare, Inc.（NET）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Cloudflare, Inc.的1.5倍（$932.7M vs $614.5M），LCI INDUSTRIES净利率更高（2.0% vs -2.0%，领先4.0%），Cloudflare, Inc.同比增速更快（33.6% vs 16.1%），Cloudflare, Inc.自由现金流更多（$105.2M vs $64.3M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% 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。
Cloudflare是总部位于美国加利福尼亚州旧金山的科技企业，提供内容分发网络（CDN）、云网络安全、DDoS防护等多元互联网服务，同时是ICANN认证的域名注册商。其服务作为网站访客与客户托管服务商之间的反向代理，可有效提升访问性能，抵御恶意流量。
LCII vs NET — 直观对比
营收规模更大
LCII
是对方的1.5倍
$614.5M
营收增速更快
NET
高出17.5%
16.1%
净利率更高
LCII
高出4.0%
-2.0%
自由现金流更多
NET
多$40.9M
$64.3M
两年增速更快
NET
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $932.7M | $614.5M |
| 净利润 | $18.7M | $-12.1M |
| 毛利率 | 22.1% | 73.6% |
| 营业利润率 | 3.8% | -8.0% |
| 净利率 | 2.0% | -2.0% |
| 营收同比 | 16.1% | 33.6% |
| 净利润同比 | 95.7% | 6.0% |
| 每股收益（稀释后） | $0.79 | $-0.03 |
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LCIINET
| Q4 25 | $932.7M | $614.5M | ||
| Q3 25 | $1.0B | $562.0M | ||
| Q2 25 | $1.1B | $512.3M | ||
| Q1 25 | $1.0B | $479.1M | ||
| Q4 24 | $803.1M | $459.9M | ||
| Q3 24 | $915.5M | $430.1M | ||
| Q2 24 | $1.1B | $401.0M | ||
| Q1 24 | $968.0M | $378.6M |
净利润LCIINET
| Q4 25 | $18.7M | $-12.1M | ||
| Q3 25 | $62.5M | $-1.3M | ||
| Q2 25 | $57.6M | $-50.4M | ||
| Q1 25 | $49.4M | $-38.5M | ||
| Q4 24 | $9.5M | $-12.8M | ||
| Q3 24 | $35.6M | $-15.3M | ||
| Q2 24 | $61.2M | $-15.1M | ||
| Q1 24 | $36.5M | $-35.5M |
毛利率LCIINET
| Q4 25 | 22.1% | 73.6% | ||
| Q3 25 | 24.4% | 74.0% | ||
| Q2 25 | 24.4% | 74.9% | ||
| Q1 25 | 24.1% | 75.9% | ||
| Q4 24 | 21.1% | 76.4% | ||
| Q3 24 | 24.0% | 77.7% | ||
| Q2 24 | 25.3% | 77.8% | ||
| Q1 24 | 23.1% | 77.5% |
营业利润率LCIINET
| Q4 25 | 3.8% | -8.0% | ||
| Q3 25 | 7.3% | -6.7% | ||
| Q2 25 | 7.9% | -13.1% | ||
| Q1 25 | 7.8% | -11.1% | ||
| Q4 24 | 2.0% | -7.5% | ||
| Q3 24 | 5.9% | -7.2% | ||
| Q2 24 | 8.6% | -8.7% | ||
| Q1 24 | 6.0% | -14.4% |
净利率LCIINET
| Q4 25 | 2.0% | -2.0% | ||
| Q3 25 | 6.0% | -0.2% | ||
| Q2 25 | 5.2% | -9.8% | ||
| Q1 25 | 4.7% | -8.0% | ||
| Q4 24 | 1.2% | -2.8% | ||
| Q3 24 | 3.9% | -3.6% | ||
| Q2 24 | 5.8% | -3.8% | ||
| Q1 24 | 3.8% | -9.4% |
每股收益（稀释后）LCIINET
| Q4 25 | $0.79 | $-0.03 | ||
| Q3 25 | $2.55 | $0.00 | ||
| Q2 25 | $2.29 | $-0.15 | ||
| Q1 25 | $1.94 | $-0.11 | ||
| Q4 24 | $0.37 | $-0.05 | ||
| Q3 24 | $1.39 | $-0.04 | ||
| Q2 24 | $2.40 | $-0.04 | ||
| Q1 24 | $1.44 | $-0.10 |
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 | $943.5M |
| 总债务越低越好 | $945.2M | — |
| 股东权益账面价值 | $1.4B | $1.5B |
| 总资产 | $3.2B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资LCIINET
| Q4 25 | $222.6M | $943.5M | ||
| Q3 25 | $199.7M | $1.1B | ||
| Q2 25 | $191.9M | $1.5B | ||
| Q1 25 | $231.2M | $204.5M | ||
| Q4 24 | $165.8M | $147.7M | ||
| Q3 24 | $161.2M | $182.9M | ||
| Q2 24 | $130.4M | $157.0M | ||
| Q1 24 | $22.6M | $254.4M |
总债务LCIINET
| Q4 25 | $945.2M | — | ||
| Q3 25 | $947.8M | — | ||
| Q2 25 | $948.0M | — | ||
| Q1 25 | $938.3M | — | ||
| Q4 24 | $757.3M | — | ||
| Q3 24 | $822.5M | — | ||
| Q2 24 | $829.7M | — | ||
| Q1 24 | $855.3M | — |
股东权益LCIINET
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.4B | $973.1M | ||
| Q2 24 | $1.4B | $881.5M | ||
| Q1 24 | $1.4B | $797.2M |
总资产LCIINET
| Q4 25 | $3.2B | $6.0B | ||
| Q3 25 | $3.2B | $5.8B | ||
| Q2 25 | $3.2B | $5.6B | ||
| Q1 25 | $3.1B | $3.7B | ||
| Q4 24 | $2.9B | $3.3B | ||
| Q3 24 | $3.0B | $3.1B | ||
| Q2 24 | $3.0B | $2.9B | ||
| Q1 24 | $3.0B | $2.8B |
负债/权益比LCIINET
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.55× | — | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 0.63× | — |
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 | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $105.2M |
| 自由现金流率自由现金流/营收 | 6.9% | 17.1% |
| 资本支出强度资本支出/营收 | 1.6% | 13.9% |
| 现金转化率经营现金流/净利润 | 4.22× | — |
| 过去12个月自由现金流最近4个季度 | $278.3M | $287.5M |
8季度趋势，按日历期对齐
经营现金流LCIINET
| Q4 25 | $78.9M | $190.4M | ||
| Q3 25 | $97.2M | $167.1M | ||
| Q2 25 | $112.2M | $99.8M | ||
| Q1 25 | $42.7M | $145.8M | ||
| Q4 24 | $106.6M | $127.3M | ||
| Q3 24 | $78.4M | $104.7M | ||
| Q2 24 | $192.9M | $74.8M | ||
| Q1 24 | $-7.7M | $73.6M |
自由现金流LCIINET
| Q4 25 | $64.3M | $105.2M | ||
| Q3 25 | $80.9M | $82.5M | ||
| Q2 25 | $99.5M | $39.9M | ||
| Q1 25 | $33.7M | $59.9M | ||
| Q4 24 | $95.7M | $54.2M | ||
| Q3 24 | $68.3M | $54.5M | ||
| Q2 24 | $180.2M | $45.2M | ||
| Q1 24 | $-16.3M | $41.5M |
自由现金流率LCIINET
| Q4 25 | 6.9% | 17.1% | ||
| Q3 25 | 7.8% | 14.7% | ||
| Q2 25 | 9.0% | 7.8% | ||
| Q1 25 | 3.2% | 12.5% | ||
| Q4 24 | 11.9% | 11.8% | ||
| Q3 24 | 7.5% | 12.7% | ||
| Q2 24 | 17.1% | 11.3% | ||
| Q1 24 | -1.7% | 11.0% |
资本支出强度LCIINET
| Q4 25 | 1.6% | 13.9% | ||
| Q3 25 | 1.6% | 15.1% | ||
| Q2 25 | 1.2% | 11.7% | ||
| Q1 25 | 0.9% | 17.9% | ||
| Q4 24 | 1.4% | 15.9% | ||
| Q3 24 | 1.1% | 11.7% | ||
| Q2 24 | 1.2% | 7.4% | ||
| Q1 24 | 0.9% | 8.5% |
现金转化率LCIINET
| Q4 25 | 4.22× | — | ||
| Q3 25 | 1.55× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 11.17× | — | ||
| Q3 24 | 2.20× | — | ||
| Q2 24 | 3.15× | — | ||
| Q1 24 | -0.21× | — |
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% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
