vs
LCI INDUSTRIES（LCII）与RH（RH）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RH的1.1倍（$932.7M vs $883.8M），RH净利率更高（4.1% vs 2.0%，领先2.1%），LCI INDUSTRIES同比增速更快（16.1% vs 8.9%），RH自由现金流更多（$83.0M vs $64.3M），过去两年RH的营收复合增速更高（9.4% 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。
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
LCII vs RH — 直观对比
营收规模更大
LCII
是对方的1.1倍
$883.8M
营收增速更快
LCII
高出7.3%
8.9%
净利率更高
RH
高出2.1%
2.0%
自由现金流更多
RH
多$18.7M
$64.3M
两年增速更快
RH
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $932.7M | $883.8M |
| 净利润 | $18.7M | $36.3M |
| 毛利率 | 22.1% | 44.1% |
| 营业利润率 | 3.8% | 12.0% |
| 净利率 | 2.0% | 4.1% |
| 营收同比 | 16.1% | 8.9% |
| 净利润同比 | 95.7% | 9.3% |
| 每股收益（稀释后） | $0.79 | $1.83 |
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LCIIRH
| Q4 25 | $932.7M | $883.8M | ||
| Q3 25 | $1.0B | $899.2M | ||
| Q2 25 | $1.1B | $814.0M | ||
| Q1 25 | $1.0B | $812.4M | ||
| Q4 24 | $803.1M | $811.7M | ||
| Q3 24 | $915.5M | $829.7M | ||
| Q2 24 | $1.1B | $727.0M | ||
| Q1 24 | $968.0M | $738.3M |
净利润LCIIRH
| Q4 25 | $18.7M | $36.3M | ||
| Q3 25 | $62.5M | $51.7M | ||
| Q2 25 | $57.6M | $8.0M | ||
| Q1 25 | $49.4M | $13.9M | ||
| Q4 24 | $9.5M | $33.2M | ||
| Q3 24 | $35.6M | $29.0M | ||
| Q2 24 | $61.2M | $-3.6M | ||
| Q1 24 | $36.5M | $11.4M |
毛利率LCIIRH
| Q4 25 | 22.1% | 44.1% | ||
| Q3 25 | 24.4% | 45.5% | ||
| Q2 25 | 24.4% | 43.7% | ||
| Q1 25 | 24.1% | 44.7% | ||
| Q4 24 | 21.1% | 44.5% | ||
| Q3 24 | 24.0% | 45.2% | ||
| Q2 24 | 25.3% | 43.5% | ||
| Q1 24 | 23.1% | 43.5% |
营业利润率LCIIRH
| Q4 25 | 3.8% | 12.0% | ||
| Q3 25 | 7.3% | 14.3% | ||
| Q2 25 | 7.9% | 6.9% | ||
| Q1 25 | 7.8% | 8.7% | ||
| Q4 24 | 2.0% | 12.5% | ||
| Q3 24 | 5.9% | 11.6% | ||
| Q2 24 | 8.6% | 7.5% | ||
| Q1 24 | 6.0% | 8.7% |
净利率LCIIRH
| Q4 25 | 2.0% | 4.1% | ||
| Q3 25 | 6.0% | 5.8% | ||
| Q2 25 | 5.2% | 1.0% | ||
| Q1 25 | 4.7% | 1.7% | ||
| Q4 24 | 1.2% | 4.1% | ||
| Q3 24 | 3.9% | 3.5% | ||
| Q2 24 | 5.8% | -0.5% | ||
| Q1 24 | 3.8% | 1.5% |
每股收益（稀释后）LCIIRH
| Q4 25 | $0.79 | $1.83 | ||
| Q3 25 | $2.55 | $2.62 | ||
| Q2 25 | $2.29 | $0.40 | ||
| Q1 25 | $1.94 | $0.71 | ||
| Q4 24 | $0.37 | $1.66 | ||
| Q3 24 | $1.39 | $1.45 | ||
| Q2 24 | $2.40 | $-0.20 | ||
| Q1 24 | $1.44 | $0.91 |
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 | $43.1M |
| 总债务越低越好 | $945.2M | — |
| 股东权益账面价值 | $1.4B | $3.3M |
| 总资产 | $3.2B | $4.8B |
| 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LCIIRH
| Q4 25 | $222.6M | $43.1M | ||
| Q3 25 | $199.7M | $34.6M | ||
| Q2 25 | $191.9M | $46.1M | ||
| Q1 25 | $231.2M | $30.4M | ||
| Q4 24 | $165.8M | $87.0M | ||
| Q3 24 | $161.2M | $78.3M | ||
| Q2 24 | $130.4M | $101.8M | ||
| Q1 24 | $22.6M | $123.7M |
总债务LCIIRH
| 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LCIIRH
| Q4 25 | $1.4B | $3.3M | ||
| Q3 25 | $1.4B | $-40.9M | ||
| Q2 25 | $1.4B | $-110.8M | ||
| Q1 25 | $1.4B | $-163.6M | ||
| Q4 24 | $1.4B | $-183.0M | ||
| Q3 24 | $1.4B | $-234.7M | ||
| Q2 24 | $1.4B | $-289.9M | ||
| Q1 24 | $1.4B | $-297.4M |
总资产LCIIRH
| Q4 25 | $3.2B | $4.8B | ||
| Q3 25 | $3.2B | $4.7B | ||
| Q2 25 | $3.2B | $4.7B | ||
| Q1 25 | $3.1B | $4.6B | ||
| Q4 24 | $2.9B | $4.5B | ||
| Q3 24 | $3.0B | $4.4B | ||
| Q2 24 | $3.0B | $4.2B | ||
| Q1 24 | $3.0B | $4.1B |
负债/权益比LCIIRH
| 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 | $131.9M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $83.0M |
| 自由现金流率自由现金流/营收 | 6.9% | 9.4% |
| 资本支出强度资本支出/营收 | 1.6% | 5.5% |
| 现金转化率经营现金流/净利润 | 4.22× | 3.64× |
| 过去12个月自由现金流最近4个季度 | $278.3M | $128.1M |
8季度趋势，按日历期对齐
经营现金流LCIIRH
| Q4 25 | $78.9M | $131.9M | ||
| Q3 25 | $97.2M | $137.7M | ||
| Q2 25 | $112.2M | $86.6M | ||
| Q1 25 | $42.7M | $-18.8M | ||
| Q4 24 | $106.6M | $-31.4M | ||
| Q3 24 | $78.4M | $11.2M | ||
| Q2 24 | $192.9M | $56.1M | ||
| Q1 24 | $-7.7M | $-114.0M |
自由现金流LCIIRH
| Q4 25 | $64.3M | $83.0M | ||
| Q3 25 | $80.9M | $80.7M | ||
| Q2 25 | $99.5M | $34.1M | ||
| Q1 25 | $33.7M | $-69.7M | ||
| Q4 24 | $95.7M | $-96.0M | ||
| Q3 24 | $68.3M | $-37.9M | ||
| Q2 24 | $180.2M | $-10.1M | ||
| Q1 24 | $-16.3M | $-251.5M |
自由现金流率LCIIRH
| Q4 25 | 6.9% | 9.4% | ||
| Q3 25 | 7.8% | 9.0% | ||
| Q2 25 | 9.0% | 4.2% | ||
| Q1 25 | 3.2% | -8.6% | ||
| Q4 24 | 11.9% | -11.8% | ||
| Q3 24 | 7.5% | -4.6% | ||
| Q2 24 | 17.1% | -1.4% | ||
| Q1 24 | -1.7% | -34.1% |
资本支出强度LCIIRH
| Q4 25 | 1.6% | 5.5% | ||
| Q3 25 | 1.6% | 6.3% | ||
| Q2 25 | 1.2% | 6.5% | ||
| Q1 25 | 0.9% | 6.3% | ||
| Q4 24 | 1.4% | 8.0% | ||
| Q3 24 | 1.1% | 5.9% | ||
| Q2 24 | 1.2% | 9.1% | ||
| Q1 24 | 0.9% | 18.6% |
现金转化率LCIIRH
| Q4 25 | 4.22× | 3.64× | ||
| Q3 25 | 1.55× | 2.66× | ||
| Q2 25 | 1.95× | 10.78× | ||
| Q1 25 | 0.86× | -1.35× | ||
| Q4 24 | 11.17× | -0.95× | ||
| Q3 24 | 2.20× | 0.39× | ||
| Q2 24 | 3.15× | — | ||
| Q1 24 | -0.21× | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
