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LCI INDUSTRIES（LCII）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
Snap Inc的季度营收约是LCI INDUSTRIES的1.8倍（$1.7B vs $932.7M），Snap Inc净利率更高（2.6% vs 2.0%，领先0.6%），LCI INDUSTRIES同比增速更快（16.1% vs 10.2%），Snap Inc自由现金流更多（$205.6M vs $64.3M），过去两年Snap Inc的营收复合增速更高（19.9% 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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
LCII vs SNAP — 直观对比
营收规模更大
SNAP
是对方的1.8倍
$932.7M
营收增速更快
LCII
高出5.9%
10.2%
净利率更高
SNAP
高出0.6%
2.0%
自由现金流更多
SNAP
多$141.3M
$64.3M
两年增速更快
SNAP
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $932.7M | $1.7B |
| 净利润 | $18.7M | $45.2M |
| 毛利率 | 22.1% | 59.1% |
| 营业利润率 | 3.8% | 2.9% |
| 净利率 | 2.0% | 2.6% |
| 营收同比 | 16.1% | 10.2% |
| 净利润同比 | 95.7% | 396.7% |
| 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LCIISNAP
| Q4 25 | $932.7M | $1.7B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $803.1M | $1.6B | ||
| Q3 24 | $915.5M | $1.4B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $968.0M | $1.2B |
净利润LCIISNAP
| Q4 25 | $18.7M | $45.2M | ||
| Q3 25 | $62.5M | $-103.5M | ||
| Q2 25 | $57.6M | $-262.6M | ||
| Q1 25 | $49.4M | $-139.6M | ||
| Q4 24 | $9.5M | $9.1M | ||
| Q3 24 | $35.6M | $-153.2M | ||
| Q2 24 | $61.2M | $-248.6M | ||
| Q1 24 | $36.5M | $-305.1M |
毛利率LCIISNAP
| Q4 25 | 22.1% | 59.1% | ||
| Q3 25 | 24.4% | 55.3% | ||
| Q2 25 | 24.4% | 51.4% | ||
| Q1 25 | 24.1% | 53.1% | ||
| Q4 24 | 21.1% | 56.9% | ||
| Q3 24 | 24.0% | 53.5% | ||
| Q2 24 | 25.3% | 52.4% | ||
| Q1 24 | 23.1% | 51.9% |
营业利润率LCIISNAP
| Q4 25 | 3.8% | 2.9% | ||
| Q3 25 | 7.3% | -8.5% | ||
| Q2 25 | 7.9% | -19.3% | ||
| Q1 25 | 7.8% | -14.2% | ||
| Q4 24 | 2.0% | -1.7% | ||
| Q3 24 | 5.9% | -12.6% | ||
| Q2 24 | 8.6% | -20.5% | ||
| Q1 24 | 6.0% | -27.9% |
净利率LCIISNAP
| Q4 25 | 2.0% | 2.6% | ||
| Q3 25 | 6.0% | -6.9% | ||
| Q2 25 | 5.2% | -19.5% | ||
| Q1 25 | 4.7% | -10.2% | ||
| Q4 24 | 1.2% | 0.6% | ||
| Q3 24 | 3.9% | -11.2% | ||
| Q2 24 | 5.8% | -20.1% | ||
| Q1 24 | 3.8% | -25.5% |
每股收益（稀释后）LCIISNAP
| Q4 25 | $0.79 | $0.03 | ||
| Q3 25 | $2.55 | $-0.06 | ||
| Q2 25 | $2.29 | $-0.16 | ||
| Q1 25 | $1.94 | $-0.08 | ||
| Q4 24 | $0.37 | $0.01 | ||
| Q3 24 | $1.39 | $-0.09 | ||
| Q2 24 | $2.40 | $-0.15 | ||
| Q1 24 | $1.44 | $-0.19 |
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 | $2.9B |
| 总债务越低越好 | $945.2M | $3.5B |
| 股东权益账面价值 | $1.4B | $2.3B |
| 总资产 | $3.2B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.69× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资LCIISNAP
| Q4 25 | $222.6M | $2.9B | ||
| Q3 25 | $199.7M | $3.0B | ||
| Q2 25 | $191.9M | $2.9B | ||
| Q1 25 | $231.2M | $3.2B | ||
| Q4 24 | $165.8M | $3.4B | ||
| Q3 24 | $161.2M | $3.2B | ||
| Q2 24 | $130.4M | $3.1B | ||
| Q1 24 | $22.6M | $2.9B |
总债务LCIISNAP
| Q4 25 | $945.2M | $3.5B | ||
| Q3 25 | $947.8M | $3.5B | ||
| Q2 25 | $948.0M | $3.6B | ||
| Q1 25 | $938.3M | $3.6B | ||
| Q4 24 | $757.3M | $3.6B | ||
| Q3 24 | $822.5M | $3.6B | ||
| Q2 24 | $829.7M | $3.6B | ||
| Q1 24 | $855.3M | $3.3B |
股东权益LCIISNAP
| Q4 25 | $1.4B | $2.3B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.4B | $2.5B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.4B | $2.1B | ||
| Q1 24 | $1.4B | $2.1B |
总资产LCIISNAP
| Q4 25 | $3.2B | $7.7B | ||
| Q3 25 | $3.2B | $7.6B | ||
| Q2 25 | $3.2B | $7.4B | ||
| Q1 25 | $3.1B | $7.6B | ||
| Q4 24 | $2.9B | $7.9B | ||
| Q3 24 | $3.0B | $7.6B | ||
| Q2 24 | $3.0B | $7.4B | ||
| Q1 24 | $3.0B | $7.2B |
负债/权益比LCIISNAP
| Q4 25 | 0.69× | 1.55× | ||
| Q3 25 | 0.70× | 1.59× | ||
| Q2 25 | 0.68× | 1.73× | ||
| Q1 25 | 0.69× | 1.56× | ||
| Q4 24 | 0.55× | 1.49× | ||
| Q3 24 | 0.58× | 1.65× | ||
| Q2 24 | 0.60× | 1.76× | ||
| Q1 24 | 0.63× | 1.55× |
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 | $269.6M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $205.6M |
| 自由现金流率自由现金流/营收 | 6.9% | 12.0% |
| 资本支出强度资本支出/营收 | 1.6% | 3.7% |
| 现金转化率经营现金流/净利润 | 4.22× | 5.96× |
| 过去12个月自由现金流最近4个季度 | $278.3M | $437.2M |
8季度趋势，按日历期对齐
经营现金流LCIISNAP
| Q4 25 | $78.9M | $269.6M | ||
| Q3 25 | $97.2M | $146.5M | ||
| Q2 25 | $112.2M | $88.5M | ||
| Q1 25 | $42.7M | $151.6M | ||
| Q4 24 | $106.6M | $230.6M | ||
| Q3 24 | $78.4M | $115.9M | ||
| Q2 24 | $192.9M | $-21.4M | ||
| Q1 24 | $-7.7M | $88.4M |
自由现金流LCIISNAP
| Q4 25 | $64.3M | $205.6M | ||
| Q3 25 | $80.9M | $93.4M | ||
| Q2 25 | $99.5M | $23.8M | ||
| Q1 25 | $33.7M | $114.4M | ||
| Q4 24 | $95.7M | $182.4M | ||
| Q3 24 | $68.3M | $71.8M | ||
| Q2 24 | $180.2M | $-73.4M | ||
| Q1 24 | $-16.3M | $37.9M |
自由现金流率LCIISNAP
| Q4 25 | 6.9% | 12.0% | ||
| Q3 25 | 7.8% | 6.2% | ||
| Q2 25 | 9.0% | 1.8% | ||
| Q1 25 | 3.2% | 8.4% | ||
| Q4 24 | 11.9% | 11.7% | ||
| Q3 24 | 7.5% | 5.2% | ||
| Q2 24 | 17.1% | -5.9% | ||
| Q1 24 | -1.7% | 3.2% |
资本支出强度LCIISNAP
| Q4 25 | 1.6% | 3.7% | ||
| Q3 25 | 1.6% | 3.5% | ||
| Q2 25 | 1.2% | 4.8% | ||
| Q1 25 | 0.9% | 2.7% | ||
| Q4 24 | 1.4% | 3.1% | ||
| Q3 24 | 1.1% | 3.2% | ||
| Q2 24 | 1.2% | 4.2% | ||
| Q1 24 | 0.9% | 4.2% |
现金转化率LCIISNAP
| Q4 25 | 4.22× | 5.96× | ||
| Q3 25 | 1.55× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 11.17× | 25.34× | ||
| 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% |
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
