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LCI INDUSTRIES（LCII）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
西蒙地产集团的季度营收约是LCI INDUSTRIES的1.9倍（$1.8B vs $932.7M），西蒙地产集团净利率更高（197.6% vs 2.0%，领先195.6%），LCI INDUSTRIES同比增速更快（16.1% vs 13.2%），西蒙地产集团自由现金流更多（$948.8M vs $64.3M），过去两年西蒙地产集团的营收复合增速更高（11.4% 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。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
LCII vs SPG — 直观对比
营收规模更大
SPG
是对方的1.9倍
$932.7M
营收增速更快
LCII
高出2.9%
13.2%
净利率更高
SPG
高出195.6%
2.0%
自由现金流更多
SPG
多$884.5M
$64.3M
两年增速更快
SPG
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $932.7M | $1.8B |
| 净利润 | $18.7M | $3.5B |
| 毛利率 | 22.1% | — |
| 营业利润率 | 3.8% | 49.7% |
| 净利率 | 2.0% | 197.6% |
| 营收同比 | 16.1% | 13.2% |
| 净利润同比 | 95.7% | 358.7% |
| 每股收益（稀释后） | $0.79 | $9.34 |
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LCIISPG
| Q4 25 | $932.7M | $1.8B | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $803.1M | $1.6B | ||
| Q3 24 | $915.5M | $1.5B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $968.0M | $1.4B |
净利润LCIISPG
| Q4 25 | $18.7M | $3.5B | ||
| Q3 25 | $62.5M | $702.7M | ||
| Q2 25 | $57.6M | $643.7M | ||
| Q1 25 | $49.4M | $477.9M | ||
| Q4 24 | $9.5M | $771.8M | ||
| Q3 24 | $35.6M | $546.7M | ||
| Q2 24 | $61.2M | $569.4M | ||
| Q1 24 | $36.5M | $841.2M |
毛利率LCIISPG
| Q4 25 | 22.1% | — | ||
| Q3 25 | 24.4% | — | ||
| Q2 25 | 24.4% | — | ||
| Q1 25 | 24.1% | — | ||
| Q4 24 | 21.1% | — | ||
| Q3 24 | 24.0% | — | ||
| Q2 24 | 25.3% | — | ||
| Q1 24 | 23.1% | — |
营业利润率LCIISPG
| Q4 25 | 3.8% | 49.7% | ||
| Q3 25 | 7.3% | 50.8% | ||
| Q2 25 | 7.9% | 49.7% | ||
| Q1 25 | 7.8% | 49.4% | ||
| Q4 24 | 2.0% | 52.8% | ||
| Q3 24 | 5.9% | 51.9% | ||
| Q2 24 | 8.6% | 51.7% | ||
| Q1 24 | 6.0% | 51.0% |
净利率LCIISPG
| Q4 25 | 2.0% | 197.6% | ||
| Q3 25 | 6.0% | 43.9% | ||
| Q2 25 | 5.2% | 43.0% | ||
| Q1 25 | 4.7% | 32.4% | ||
| Q4 24 | 1.2% | 48.8% | ||
| Q3 24 | 3.9% | 36.9% | ||
| Q2 24 | 5.8% | 39.0% | ||
| Q1 24 | 3.8% | 58.3% |
每股收益（稀释后）LCIISPG
| Q4 25 | $0.79 | $9.34 | ||
| Q3 25 | $2.55 | $1.86 | ||
| Q2 25 | $2.29 | $1.70 | ||
| Q1 25 | $1.94 | $1.27 | ||
| Q4 24 | $0.37 | $2.04 | ||
| Q3 24 | $1.39 | $1.46 | ||
| Q2 24 | $2.40 | $1.51 | ||
| Q1 24 | $1.44 | $2.25 |
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 | $823.1M |
| 总债务越低越好 | $945.2M | $28.4B |
| 股东权益账面价值 | $1.4B | $5.2B |
| 总资产 | $3.2B | $40.6B |
| 负债/权益比越低杠杆越低 | 0.69× | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资LCIISPG
| Q4 25 | $222.6M | $823.1M | ||
| Q3 25 | $199.7M | $1.6B | ||
| Q2 25 | $191.9M | $1.2B | ||
| Q1 25 | $231.2M | $1.4B | ||
| Q4 24 | $165.8M | $1.4B | ||
| Q3 24 | $161.2M | $2.5B | ||
| Q2 24 | $130.4M | $2.5B | ||
| Q1 24 | $22.6M | $2.6B |
总债务LCIISPG
| Q4 25 | $945.2M | $28.4B | ||
| Q3 25 | $947.8M | $25.8B | ||
| Q2 25 | $948.0M | $25.4B | ||
| Q1 25 | $938.3M | $24.8B | ||
| Q4 24 | $757.3M | $24.3B | ||
| Q3 24 | $822.5M | $25.4B | ||
| Q2 24 | $829.7M | $25.3B | ||
| Q1 24 | $855.3M | $25.5B |
股东权益LCIISPG
| Q4 25 | $1.4B | $5.2B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $1.4B | $2.5B | ||
| Q1 25 | $1.4B | $2.6B | ||
| Q4 24 | $1.4B | $2.9B | ||
| Q3 24 | $1.4B | $2.7B | ||
| Q2 24 | $1.4B | $2.9B | ||
| Q1 24 | $1.4B | $3.1B |
总资产LCIISPG
| Q4 25 | $3.2B | $40.6B | ||
| Q3 25 | $3.2B | $33.6B | ||
| Q2 25 | $3.2B | $33.3B | ||
| Q1 25 | $3.1B | $32.5B | ||
| Q4 24 | $2.9B | $32.4B | ||
| Q3 24 | $3.0B | $33.3B | ||
| Q2 24 | $3.0B | $33.4B | ||
| Q1 24 | $3.0B | $33.7B |
负债/权益比LCIISPG
| Q4 25 | 0.69× | 5.46× | ||
| Q3 25 | 0.70× | 10.98× | ||
| Q2 25 | 0.68× | 10.36× | ||
| Q1 25 | 0.69× | 9.50× | ||
| Q4 24 | 0.55× | 8.25× | ||
| Q3 24 | 0.58× | 9.37× | ||
| Q2 24 | 0.60× | 8.59× | ||
| Q1 24 | 0.63× | 8.22× |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $948.8M |
| 自由现金流率自由现金流/营收 | 6.9% | 53.0% |
| 资本支出强度资本支出/营收 | 1.6% | 14.2% |
| 现金转化率经营现金流/净利润 | 4.22× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $278.3M | $3.2B |
8季度趋势，按日历期对齐
经营现金流LCIISPG
| Q4 25 | $78.9M | $1.2B | ||
| Q3 25 | $97.2M | $890.3M | ||
| Q2 25 | $112.2M | $1.2B | ||
| Q1 25 | $42.7M | $827.2M | ||
| Q4 24 | $106.6M | $1.1B | ||
| Q3 24 | $78.4M | $892.9M | ||
| Q2 24 | $192.9M | $1.1B | ||
| Q1 24 | $-7.7M | $773.1M |
自由现金流LCIISPG
| Q4 25 | $64.3M | $948.8M | ||
| Q3 25 | $80.9M | $685.0M | ||
| Q2 25 | $99.5M | $971.3M | ||
| Q1 25 | $33.7M | $597.0M | ||
| Q4 24 | $95.7M | $867.7M | ||
| Q3 24 | $68.3M | $706.5M | ||
| Q2 24 | $180.2M | $874.8M | ||
| Q1 24 | $-16.3M | $610.1M |
自由现金流率LCIISPG
| Q4 25 | 6.9% | 53.0% | ||
| Q3 25 | 7.8% | 42.8% | ||
| Q2 25 | 9.0% | 64.8% | ||
| Q1 25 | 3.2% | 40.5% | ||
| Q4 24 | 11.9% | 54.8% | ||
| Q3 24 | 7.5% | 47.7% | ||
| Q2 24 | 17.1% | 60.0% | ||
| Q1 24 | -1.7% | 42.3% |
资本支出强度LCIISPG
| Q4 25 | 1.6% | 14.2% | ||
| Q3 25 | 1.6% | 12.8% | ||
| Q2 25 | 1.2% | 16.3% | ||
| Q1 25 | 0.9% | 15.6% | ||
| Q4 24 | 1.4% | 13.8% | ||
| Q3 24 | 1.1% | 12.6% | ||
| Q2 24 | 1.2% | 12.9% | ||
| Q1 24 | 0.9% | 11.3% |
现金转化率LCIISPG
| Q4 25 | 4.22× | 0.34× | ||
| Q3 25 | 1.55× | 1.27× | ||
| Q2 25 | 1.95× | 1.89× | ||
| Q1 25 | 0.86× | 1.73× | ||
| Q4 24 | 11.17× | 1.41× | ||
| Q3 24 | 2.20× | 1.63× | ||
| Q2 24 | 3.15× | 1.87× | ||
| Q1 24 | -0.21× | 0.92× |
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% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
