vs
LCI INDUSTRIES（LCII）与STEPAN CO（SCL）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STEPAN CO的1.5倍（$932.7M vs $604.5M），STEPAN CO净利率更高（3.3% vs 2.0%，领先1.3%），LCI INDUSTRIES同比增速更快（16.1% vs 1.9%），过去两年STEPAN CO的营收复合增速更高（4.2% 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。
斯特潘公司是一家美国特种化学品制造商，总部位于伊利诺伊州诺斯布鲁克，1932年由小阿尔弗雷德·C·斯特潘创立，现有约2000名员工，目前由创始人的孙子小F·奎因·斯特潘执掌。该公司是全球最大的阴离子表面活性剂商品生产商，产品用于提升洗涤剂、洗发水、牙膏及化妆品的起泡与清洁能力。
LCII vs SCL — 直观对比
营收规模更大
LCII
是对方的1.5倍
$604.5M
营收增速更快
LCII
高出14.2%
1.9%
净利率更高
SCL
高出1.3%
2.0%
两年增速更快
SCL
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $932.7M | $604.5M |
| 净利润 | $18.7M | $19.7M |
| 毛利率 | 22.1% | 10.7% |
| 营业利润率 | 3.8% | 4.7% |
| 净利率 | 2.0% | 3.3% |
| 营收同比 | 16.1% | 1.9% |
| 净利润同比 | 95.7% | — |
| 每股收益（稀释后） | $0.79 | $0.86 |
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LCIISCL
| Q1 26 | — | $604.5M | ||
| Q4 25 | $932.7M | $553.9M | ||
| Q3 25 | $1.0B | $590.3M | ||
| Q2 25 | $1.1B | $594.7M | ||
| Q1 25 | $1.0B | $593.3M | ||
| Q4 24 | $803.1M | $525.6M | ||
| Q3 24 | $915.5M | $546.8M | ||
| Q2 24 | $1.1B | $556.4M |
净利润LCIISCL
| Q1 26 | — | $19.7M | ||
| Q4 25 | $18.7M | $5.0M | ||
| Q3 25 | $62.5M | $10.8M | ||
| Q2 25 | $57.6M | $11.3M | ||
| Q1 25 | $49.4M | $19.7M | ||
| Q4 24 | $9.5M | $3.4M | ||
| Q3 24 | $35.6M | $23.6M | ||
| Q2 24 | $61.2M | $9.5M |
毛利率LCIISCL
| Q1 26 | — | 10.7% | ||
| Q4 25 | 22.1% | 9.3% | ||
| Q3 25 | 24.4% | 12.0% | ||
| Q2 25 | 24.4% | 12.1% | ||
| Q1 25 | 24.1% | 12.7% | ||
| Q4 24 | 21.1% | 10.8% | ||
| Q3 24 | 24.0% | 13.8% | ||
| Q2 24 | 25.3% | 12.5% |
营业利润率LCIISCL
| Q1 26 | — | 4.7% | ||
| Q4 25 | 3.8% | 1.9% | ||
| Q3 25 | 7.3% | 3.7% | ||
| Q2 25 | 7.9% | 3.0% | ||
| Q1 25 | 7.8% | 4.8% | ||
| Q4 24 | 2.0% | 1.5% | ||
| Q3 24 | 5.9% | 4.4% | ||
| Q2 24 | 8.6% | 3.4% |
净利率LCIISCL
| Q1 26 | — | 3.3% | ||
| Q4 25 | 2.0% | 0.9% | ||
| Q3 25 | 6.0% | 1.8% | ||
| Q2 25 | 5.2% | 1.9% | ||
| Q1 25 | 4.7% | 3.3% | ||
| Q4 24 | 1.2% | 0.6% | ||
| Q3 24 | 3.9% | 4.3% | ||
| Q2 24 | 5.8% | 1.7% |
每股收益（稀释后）LCIISCL
| Q1 26 | — | $0.86 | ||
| Q4 25 | $0.79 | $0.22 | ||
| Q3 25 | $2.55 | $0.47 | ||
| Q2 25 | $2.29 | $0.50 | ||
| Q1 25 | $1.94 | $0.86 | ||
| Q4 24 | $0.37 | $0.14 | ||
| Q3 24 | $1.39 | $1.03 | ||
| Q2 24 | $2.40 | $0.42 |
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 | — |
| 总债务越低越好 | $945.2M | $328.4M |
| 股东权益账面价值 | $1.4B | $1.2B |
| 总资产 | $3.2B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.69× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资LCIISCL
| Q1 26 | — | — | ||
| Q4 25 | $222.6M | $132.7M | ||
| Q3 25 | $199.7M | $118.5M | ||
| Q2 25 | $191.9M | $88.9M | ||
| Q1 25 | $231.2M | $107.5M | ||
| Q4 24 | $165.8M | $99.7M | ||
| Q3 24 | $161.2M | $147.3M | ||
| Q2 24 | $130.4M | $124.7M |
总债务LCIISCL
| Q1 26 | — | $328.4M | ||
| Q4 25 | $945.2M | $626.7M | ||
| Q3 25 | $947.8M | $655.5M | ||
| Q2 25 | $948.0M | $658.0M | ||
| Q1 25 | $938.3M | $659.3M | ||
| Q4 24 | $757.3M | $625.4M | ||
| Q3 24 | $822.5M | $688.5M | ||
| Q2 24 | $829.7M | $657.1M |
股东权益LCIISCL
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B |
总资产LCIISCL
| Q1 26 | — | $2.3B | ||
| Q4 25 | $3.2B | $2.4B | ||
| Q3 25 | $3.2B | $2.4B | ||
| Q2 25 | $3.2B | $2.4B | ||
| Q1 25 | $3.1B | $2.4B | ||
| Q4 24 | $2.9B | $2.3B | ||
| Q3 24 | $3.0B | $2.4B | ||
| Q2 24 | $3.0B | $2.3B |
负债/权益比LCIISCL
| Q1 26 | — | 0.28× | ||
| Q4 25 | 0.69× | 0.50× | ||
| Q3 25 | 0.70× | 0.53× | ||
| Q2 25 | 0.68× | 0.53× | ||
| Q1 25 | 0.69× | 0.55× | ||
| Q4 24 | 0.55× | 0.53× | ||
| Q3 24 | 0.58× | 0.56× | ||
| Q2 24 | 0.60× | 0.55× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $64.3M | — |
| 自由现金流率自由现金流/营收 | 6.9% | — |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $278.3M | — |
8季度趋势，按日历期对齐
经营现金流LCIISCL
| Q1 26 | — | — | ||
| Q4 25 | $78.9M | $60.0M | ||
| Q3 25 | $97.2M | $69.8M | ||
| Q2 25 | $112.2M | $11.2M | ||
| Q1 25 | $42.7M | $6.9M | ||
| Q4 24 | $106.6M | $68.3M | ||
| Q3 24 | $78.4M | $22.7M | ||
| Q2 24 | $192.9M | $29.5M |
自由现金流LCIISCL
| Q1 26 | — | — | ||
| Q4 25 | $64.3M | $25.4M | ||
| Q3 25 | $80.9M | $40.2M | ||
| Q2 25 | $99.5M | $-14.4M | ||
| Q1 25 | $33.7M | $-25.8M | ||
| Q4 24 | $95.7M | $32.1M | ||
| Q3 24 | $68.3M | $-4.0M | ||
| Q2 24 | $180.2M | $-208.0K |
自由现金流率LCIISCL
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 4.6% | ||
| Q3 25 | 7.8% | 6.8% | ||
| Q2 25 | 9.0% | -2.4% | ||
| Q1 25 | 3.2% | -4.3% | ||
| Q4 24 | 11.9% | 6.1% | ||
| Q3 24 | 7.5% | -0.7% | ||
| Q2 24 | 17.1% | -0.0% |
资本支出强度LCIISCL
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 6.3% | ||
| Q3 25 | 1.6% | 5.0% | ||
| Q2 25 | 1.2% | 4.3% | ||
| Q1 25 | 0.9% | 5.5% | ||
| Q4 24 | 1.4% | 6.9% | ||
| Q3 24 | 1.1% | 4.9% | ||
| Q2 24 | 1.2% | 5.3% |
现金转化率LCIISCL
| Q1 26 | — | — | ||
| Q4 25 | 4.22× | 11.99× | ||
| Q3 25 | 1.55× | 6.44× | ||
| Q2 25 | 1.95× | 0.99× | ||
| Q1 25 | 0.86× | 0.35× | ||
| Q4 24 | 11.17× | 20.38× | ||
| Q3 24 | 2.20× | 0.96× | ||
| 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% |
SCL
| Surfactants | $453.7M | 75% |
| Polymers | $130.0M | 22% |
| Specialty Products | $20.8M | 3% |
