vs
LCI INDUSTRIES（LCII）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是LCI INDUSTRIES的1.1倍（$1.0B vs $932.7M），思佳讯净利率更高（7.6% vs 2.0%，领先5.6%），LCI INDUSTRIES同比增速更快（16.1% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $64.3M），过去两年思佳讯的营收复合增速更高（-0.5% 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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
LCII vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.1倍
$932.7M
营收增速更快
LCII
高出7.5%
8.6%
净利率更高
SWKS
高出5.6%
2.0%
自由现金流更多
SWKS
多$274.7M
$64.3M
两年增速更快
SWKS
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $932.7M | $1.0B |
| 净利润 | $18.7M | $79.2M |
| 毛利率 | 22.1% | 41.3% |
| 营业利润率 | 3.8% | 10.0% |
| 净利率 | 2.0% | 7.6% |
| 营收同比 | 16.1% | 8.6% |
| 净利润同比 | 95.7% | 15.3% |
| 每股收益（稀释后） | $0.79 | $0.53 |
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LCIISWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $932.7M | $1.1B | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.1B | $965.0M | ||
| Q1 25 | $1.0B | $953.2M | ||
| Q4 24 | $803.1M | $1.1B | ||
| Q3 24 | $915.5M | $1.0B | ||
| Q2 24 | $1.1B | $905.5M |
净利润LCIISWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $18.7M | $141.4M | ||
| Q3 25 | $62.5M | — | ||
| Q2 25 | $57.6M | $105.0M | ||
| Q1 25 | $49.4M | $68.7M | ||
| Q4 24 | $9.5M | $162.0M | ||
| Q3 24 | $35.6M | $60.5M | ||
| Q2 24 | $61.2M | $120.9M |
毛利率LCIISWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 22.1% | 40.7% | ||
| Q3 25 | 24.4% | — | ||
| Q2 25 | 24.4% | 41.6% | ||
| Q1 25 | 24.1% | 41.1% | ||
| Q4 24 | 21.1% | 41.4% | ||
| Q3 24 | 24.0% | 41.9% | ||
| Q2 24 | 25.3% | 40.2% |
营业利润率LCIISWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 3.8% | 10.1% | ||
| Q3 25 | 7.3% | — | ||
| Q2 25 | 7.9% | 11.5% | ||
| Q1 25 | 7.8% | 10.2% | ||
| Q4 24 | 2.0% | 16.9% | ||
| Q3 24 | 5.9% | 5.8% | ||
| Q2 24 | 8.6% | 14.4% |
净利率LCIISWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 2.0% | 12.9% | ||
| Q3 25 | 6.0% | — | ||
| Q2 25 | 5.2% | 10.9% | ||
| Q1 25 | 4.7% | 7.2% | ||
| Q4 24 | 1.2% | 15.2% | ||
| Q3 24 | 3.9% | 5.9% | ||
| Q2 24 | 5.8% | 13.4% |
每股收益（稀释后）LCIISWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.79 | $0.95 | ||
| Q3 25 | $2.55 | — | ||
| Q2 25 | $2.29 | $0.70 | ||
| Q1 25 | $1.94 | $0.43 | ||
| Q4 24 | $0.37 | $1.00 | ||
| Q3 24 | $1.39 | $0.36 | ||
| Q2 24 | $2.40 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | $945.2M | $496.6M |
| 股东权益账面价值 | $1.4B | $5.8B |
| 总资产 | $3.2B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.69× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资LCIISWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $222.6M | $1.4B | ||
| Q3 25 | $199.7M | — | ||
| Q2 25 | $191.9M | $1.3B | ||
| Q1 25 | $231.2M | $1.5B | ||
| Q4 24 | $165.8M | $1.7B | ||
| Q3 24 | $161.2M | $1.6B | ||
| Q2 24 | $130.4M | $1.3B |
总债务LCIISWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $945.2M | $496.4M | ||
| Q3 25 | $947.8M | — | ||
| Q2 25 | $948.0M | $496.2M | ||
| Q1 25 | $938.3M | $995.1M | ||
| Q4 24 | $757.3M | $994.7M | ||
| Q3 24 | $822.5M | $994.3M | ||
| Q2 24 | $829.7M | $994.0M |
股东权益LCIISWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $1.4B | $5.8B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | $5.7B | ||
| Q1 25 | $1.4B | $5.9B | ||
| Q4 24 | $1.4B | $6.4B | ||
| Q3 24 | $1.4B | $6.3B | ||
| Q2 24 | $1.4B | $6.3B |
总资产LCIISWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $3.2B | $7.9B | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | $7.7B | ||
| Q1 25 | $3.1B | $7.9B | ||
| Q4 24 | $2.9B | $8.3B | ||
| Q3 24 | $3.0B | $8.3B | ||
| Q2 24 | $3.0B | $8.2B |
负债/权益比LCIISWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.69× | 0.09× | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.68× | 0.09× | ||
| Q1 25 | 0.69× | 0.17× | ||
| Q4 24 | 0.55× | 0.16× | ||
| Q3 24 | 0.58× | 0.16× | ||
| Q2 24 | 0.60× | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $339.0M |
| 自由现金流率自由现金流/营收 | 6.9% | 32.7% |
| 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× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $278.3M | $1.1B |
8季度趋势，按日历期对齐
经营现金流LCIISWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $78.9M | $200.0M | ||
| Q3 25 | $97.2M | — | ||
| Q2 25 | $112.2M | $314.2M | ||
| Q1 25 | $42.7M | $409.4M | ||
| Q4 24 | $106.6M | $377.2M | ||
| Q3 24 | $78.4M | $476.1M | ||
| Q2 24 | $192.9M | $273.4M |
自由现金流LCIISWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $64.3M | $144.0M | ||
| Q3 25 | $80.9M | — | ||
| Q2 25 | $99.5M | $252.7M | ||
| Q1 25 | $33.7M | $370.9M | ||
| Q4 24 | $95.7M | $338.2M | ||
| Q3 24 | $68.3M | $393.3M | ||
| Q2 24 | $180.2M | $249.0M |
自由现金流率LCIISWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 6.9% | 13.1% | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 9.0% | 26.2% | ||
| Q1 25 | 3.2% | 38.9% | ||
| Q4 24 | 11.9% | 31.7% | ||
| Q3 24 | 7.5% | 38.4% | ||
| Q2 24 | 17.1% | 27.5% |
资本支出强度LCIISWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 1.6% | 5.1% | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.2% | 6.4% | ||
| Q1 25 | 0.9% | 4.0% | ||
| Q4 24 | 1.4% | 3.6% | ||
| Q3 24 | 1.1% | 8.1% | ||
| Q2 24 | 1.2% | 2.7% |
现金转化率LCIISWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 4.22× | 1.41× | ||
| Q3 25 | 1.55× | — | ||
| Q2 25 | 1.95× | 2.99× | ||
| Q1 25 | 0.86× | 5.96× | ||
| Q4 24 | 11.17× | 2.33× | ||
| Q3 24 | 2.20× | 7.87× | ||
| Q2 24 | 3.15× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
