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LCI INDUSTRIES（LCII）与PTC Inc.（PTC）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PTC Inc.的1.2倍（$932.7M vs $774.3M），PTC Inc.净利率更高（76.3% vs 2.0%，领先74.3%），PTC Inc.同比增速更快（21.7% vs 16.1%），PTC Inc.自由现金流更多（$318.0M vs $64.3M），过去两年PTC Inc.的营收复合增速更高（22.2% 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。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
LCII vs PTC — 直观对比
营收规模更大
LCII
是对方的1.2倍
$774.3M
营收增速更快
PTC
高出5.5%
16.1%
净利率更高
PTC
高出74.3%
2.0%
自由现金流更多
PTC
多$253.7M
$64.3M
两年增速更快
PTC
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $932.7M | $774.3M |
| 净利润 | $18.7M | $590.7M |
| 毛利率 | 22.1% | 99.1% |
| 营业利润率 | 3.8% | 38.2% |
| 净利率 | 2.0% | 76.3% |
| 营收同比 | 16.1% | 21.7% |
| 净利润同比 | 95.7% | 141.2% |
| 每股收益（稀释后） | $0.79 | $4.98 |
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LCIIPTC
| Q1 26 | — | $774.3M | ||
| Q4 25 | $932.7M | $685.8M | ||
| Q3 25 | $1.0B | $893.8M | ||
| Q2 25 | $1.1B | $643.9M | ||
| Q1 25 | $1.0B | $636.4M | ||
| Q4 24 | $803.1M | $565.1M | ||
| Q3 24 | $915.5M | $626.5M | ||
| Q2 24 | $1.1B | $518.6M |
净利润LCIIPTC
| Q1 26 | — | $590.7M | ||
| Q4 25 | $18.7M | $166.5M | ||
| Q3 25 | $62.5M | $347.8M | ||
| Q2 25 | $57.6M | $141.3M | ||
| Q1 25 | $49.4M | $162.6M | ||
| Q4 24 | $9.5M | $82.2M | ||
| Q3 24 | $35.6M | $126.5M | ||
| Q2 24 | $61.2M | $69.0M |
毛利率LCIIPTC
| Q1 26 | — | 99.1% | ||
| Q4 25 | 22.1% | 82.8% | ||
| Q3 25 | 24.4% | 86.9% | ||
| Q2 25 | 24.4% | 82.9% | ||
| Q1 25 | 24.1% | 83.3% | ||
| Q4 24 | 21.1% | 80.2% | ||
| Q3 24 | 24.0% | 82.0% | ||
| Q2 24 | 25.3% | 78.4% |
营业利润率LCIIPTC
| Q1 26 | — | 38.2% | ||
| Q4 25 | 3.8% | 32.2% | ||
| Q3 25 | 7.3% | 48.5% | ||
| Q2 25 | 7.9% | 32.6% | ||
| Q1 25 | 7.8% | 35.1% | ||
| Q4 24 | 2.0% | 20.4% | ||
| Q3 24 | 5.9% | 31.0% | ||
| Q2 24 | 8.6% | 18.5% |
净利率LCIIPTC
| Q1 26 | — | 76.3% | ||
| Q4 25 | 2.0% | 24.3% | ||
| Q3 25 | 6.0% | 38.9% | ||
| Q2 25 | 5.2% | 21.9% | ||
| Q1 25 | 4.7% | 25.6% | ||
| Q4 24 | 1.2% | 14.6% | ||
| Q3 24 | 3.9% | 20.2% | ||
| Q2 24 | 5.8% | 13.3% |
每股收益（稀释后）LCIIPTC
| Q1 26 | — | $4.98 | ||
| Q4 25 | $0.79 | $1.39 | ||
| Q3 25 | $2.55 | $2.88 | ||
| Q2 25 | $2.29 | $1.17 | ||
| Q1 25 | $1.94 | $1.35 | ||
| Q4 24 | $0.37 | $0.68 | ||
| Q3 24 | $1.39 | $1.05 | ||
| Q2 24 | $2.40 | $0.57 |
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 | $439.1M |
| 总债务越低越好 | $945.2M | — |
| 股东权益账面价值 | $1.4B | $3.9B |
| 总资产 | $3.2B | $6.5B |
| 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LCIIPTC
| Q1 26 | — | $439.1M | ||
| Q4 25 | $222.6M | $209.7M | ||
| Q3 25 | $199.7M | $184.4M | ||
| Q2 25 | $191.9M | $199.3M | ||
| Q1 25 | $231.2M | $235.2M | ||
| Q4 24 | $165.8M | $196.3M | ||
| Q3 24 | $161.2M | $265.8M | ||
| Q2 24 | $130.4M | $247.7M |
总债务LCIIPTC
| Q1 26 | — | — | ||
| Q4 25 | $945.2M | $1.2B | ||
| Q3 25 | $947.8M | $1.2B | ||
| Q2 25 | $948.0M | $1.2B | ||
| Q1 25 | $938.3M | $1.4B | ||
| Q4 24 | $757.3M | $1.0B | ||
| Q3 24 | $822.5M | $1.2B | ||
| Q2 24 | $829.7M | $1.3B |
股东权益LCIIPTC
| Q1 26 | — | $3.9B | ||
| Q4 25 | $1.4B | $3.8B | ||
| Q3 25 | $1.4B | $3.8B | ||
| Q2 25 | $1.4B | $3.5B | ||
| Q1 25 | $1.4B | $3.4B | ||
| Q4 24 | $1.4B | $3.2B | ||
| Q3 24 | $1.4B | $3.2B | ||
| Q2 24 | $1.4B | $3.0B |
总资产LCIIPTC
| Q1 26 | — | $6.5B | ||
| Q4 25 | $3.2B | $6.4B | ||
| Q3 25 | $3.2B | $6.6B | ||
| Q2 25 | $3.2B | $6.2B | ||
| Q1 25 | $3.1B | $6.2B | ||
| Q4 24 | $2.9B | $6.1B | ||
| Q3 24 | $3.0B | $6.4B | ||
| Q2 24 | $3.0B | $6.1B |
负债/权益比LCIIPTC
| Q1 26 | — | — | ||
| Q4 25 | 0.69× | 0.31× | ||
| Q3 25 | 0.70× | 0.31× | ||
| Q2 25 | 0.68× | 0.34× | ||
| Q1 25 | 0.69× | 0.40× | ||
| Q4 24 | 0.55× | 0.32× | ||
| Q3 24 | 0.58× | 0.38× | ||
| Q2 24 | 0.60× | 0.43× |
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 | $320.9M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $318.0M |
| 自由现金流率自由现金流/营收 | 6.9% | 41.1% |
| 资本支出强度资本支出/营收 | 1.6% | — |
| 现金转化率经营现金流/净利润 | 4.22× | 0.54× |
| 过去12个月自由现金流最近4个季度 | $278.3M | $927.9M |
8季度趋势，按日历期对齐
经营现金流LCIIPTC
| Q1 26 | — | $320.9M | ||
| Q4 25 | $78.9M | $269.7M | ||
| Q3 25 | $97.2M | $104.0M | ||
| Q2 25 | $112.2M | $243.9M | ||
| Q1 25 | $42.7M | $281.3M | ||
| Q4 24 | $106.6M | $238.4M | ||
| Q3 24 | $78.4M | $98.1M | ||
| Q2 24 | $192.9M | $213.8M |
自由现金流LCIIPTC
| Q1 26 | — | $318.0M | ||
| Q4 25 | $64.3M | $267.4M | ||
| Q3 25 | $80.9M | $100.5M | ||
| Q2 25 | $99.5M | $242.0M | ||
| Q1 25 | $33.7M | $278.5M | ||
| Q4 24 | $95.7M | $235.7M | ||
| Q3 24 | $68.3M | $93.6M | ||
| Q2 24 | $180.2M | $212.2M |
自由现金流率LCIIPTC
| Q1 26 | — | 41.1% | ||
| Q4 25 | 6.9% | 39.0% | ||
| Q3 25 | 7.8% | 11.2% | ||
| Q2 25 | 9.0% | 37.6% | ||
| Q1 25 | 3.2% | 43.8% | ||
| Q4 24 | 11.9% | 41.7% | ||
| Q3 24 | 7.5% | 14.9% | ||
| Q2 24 | 17.1% | 40.9% |
资本支出强度LCIIPTC
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 0.3% | ||
| Q3 25 | 1.6% | 0.4% | ||
| Q2 25 | 1.2% | 0.3% | ||
| Q1 25 | 0.9% | 0.4% | ||
| Q4 24 | 1.4% | 0.5% | ||
| Q3 24 | 1.1% | 0.7% | ||
| Q2 24 | 1.2% | 0.3% |
现金转化率LCIIPTC
| Q1 26 | — | 0.54× | ||
| Q4 25 | 4.22× | 1.62× | ||
| Q3 25 | 1.55× | 0.30× | ||
| Q2 25 | 1.95× | 1.73× | ||
| Q1 25 | 0.86× | 1.73× | ||
| Q4 24 | 11.17× | 2.90× | ||
| Q3 24 | 2.20× | 0.78× | ||
| Q2 24 | 3.15× | 3.10× |
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% |
PTC
| Recurring revenue | $743.4M | 96% |
| Other | $24.0M | 3% |
| Perpetual license | $6.9M | 1% |
