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LCI INDUSTRIES（LCII）与West Pharmaceutical Services（WST）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West Pharmaceutical Services的1.2倍（$932.7M vs $805.0M），West Pharmaceutical Services净利率更高（16.4% vs 2.0%，领先14.4%），LCI INDUSTRIES同比增速更快（16.1% vs 7.5%），West Pharmaceutical Services自由现金流更多（$175.0M vs $64.3M），过去两年West Pharmaceutical Services的营收复合增速更高（7.6% 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。
美国West Pharmaceutical Services是注射用药品包装及给药系统的设计和制造商，1923年成立，总部位于宾夕法尼亚州埃克斯顿。成立初期主营注射类药物包装用橡胶组件，曾为青霉素和胰岛素生产商提供符合无菌要求的配套产品。
LCII vs WST — 直观对比
营收规模更大
LCII
是对方的1.2倍
$805.0M
营收增速更快
LCII
高出8.6%
7.5%
净利率更高
WST
高出14.4%
2.0%
自由现金流更多
WST
多$110.7M
$64.3M
两年增速更快
WST
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $932.7M | $805.0M |
| 净利润 | $18.7M | $132.1M |
| 毛利率 | 22.1% | 37.8% |
| 营业利润率 | 3.8% | 19.5% |
| 净利率 | 2.0% | 16.4% |
| 营收同比 | 16.1% | 7.5% |
| 净利润同比 | 95.7% | 1.5% |
| 每股收益（稀释后） | $0.79 | $1.82 |
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LCIIWST
| Q4 25 | $932.7M | $805.0M | ||
| Q3 25 | $1.0B | $804.6M | ||
| Q2 25 | $1.1B | $766.5M | ||
| Q1 25 | $1.0B | $698.0M | ||
| Q4 24 | $803.1M | $748.8M | ||
| Q3 24 | $915.5M | $746.9M | ||
| Q2 24 | $1.1B | $702.1M | ||
| Q1 24 | $968.0M | $695.4M |
净利润LCIIWST
| Q4 25 | $18.7M | $132.1M | ||
| Q3 25 | $62.5M | $140.0M | ||
| Q2 25 | $57.6M | $131.8M | ||
| Q1 25 | $49.4M | $89.8M | ||
| Q4 24 | $9.5M | $130.1M | ||
| Q3 24 | $35.6M | $136.0M | ||
| Q2 24 | $61.2M | $111.3M | ||
| Q1 24 | $36.5M | $115.3M |
毛利率LCIIWST
| Q4 25 | 22.1% | 37.8% | ||
| Q3 25 | 24.4% | 36.6% | ||
| Q2 25 | 24.4% | 35.7% | ||
| Q1 25 | 24.1% | 33.2% | ||
| Q4 24 | 21.1% | 36.5% | ||
| Q3 24 | 24.0% | 35.4% | ||
| Q2 24 | 25.3% | 32.8% | ||
| Q1 24 | 23.1% | 33.1% |
营业利润率LCIIWST
| Q4 25 | 3.8% | 19.5% | ||
| Q3 25 | 7.3% | 20.8% | ||
| Q2 25 | 7.9% | 20.1% | ||
| Q1 25 | 7.8% | 15.3% | ||
| Q4 24 | 2.0% | 21.3% | ||
| Q3 24 | 5.9% | 21.6% | ||
| Q2 24 | 8.6% | 18.0% | ||
| Q1 24 | 6.0% | 17.7% |
净利率LCIIWST
| Q4 25 | 2.0% | 16.4% | ||
| Q3 25 | 6.0% | 17.4% | ||
| Q2 25 | 5.2% | 17.2% | ||
| Q1 25 | 4.7% | 12.9% | ||
| Q4 24 | 1.2% | 17.4% | ||
| Q3 24 | 3.9% | 18.2% | ||
| Q2 24 | 5.8% | 15.9% | ||
| Q1 24 | 3.8% | 16.6% |
每股收益（稀释后）LCIIWST
| Q4 25 | $0.79 | $1.82 | ||
| Q3 25 | $2.55 | $1.92 | ||
| Q2 25 | $2.29 | $1.82 | ||
| Q1 25 | $1.94 | $1.23 | ||
| Q4 24 | $0.37 | $1.78 | ||
| Q3 24 | $1.39 | $1.85 | ||
| Q2 24 | $2.40 | $1.51 | ||
| Q1 24 | $1.44 | $1.55 |
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 | $791.3M |
| 总债务越低越好 | $945.2M | $202.8M |
| 股东权益账面价值 | $1.4B | $3.2B |
| 总资产 | $3.2B | $4.3B |
| 负债/权益比越低杠杆越低 | 0.69× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资LCIIWST
| Q4 25 | $222.6M | $791.3M | ||
| Q3 25 | $199.7M | $628.5M | ||
| Q2 25 | $191.9M | $509.7M | ||
| Q1 25 | $231.2M | $404.2M | ||
| Q4 24 | $165.8M | $484.6M | ||
| Q3 24 | $161.2M | $490.9M | ||
| Q2 24 | $130.4M | $446.2M | ||
| Q1 24 | $22.6M | $601.8M |
总债务LCIIWST
| Q4 25 | $945.2M | $202.8M | ||
| Q3 25 | $947.8M | $202.7M | ||
| Q2 25 | $948.0M | $202.6M | ||
| Q1 25 | $938.3M | $202.6M | ||
| Q4 24 | $757.3M | $202.6M | ||
| Q3 24 | $822.5M | $202.6M | ||
| Q2 24 | $829.7M | $205.8M | ||
| Q1 24 | $855.3M | $206.2M |
股东权益LCIIWST
| Q4 25 | $1.4B | $3.2B | ||
| Q3 25 | $1.4B | $3.1B | ||
| Q2 25 | $1.4B | $2.9B | ||
| Q1 25 | $1.4B | $2.7B | ||
| Q4 24 | $1.4B | $2.7B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.4B | $2.6B | ||
| Q1 24 | $1.4B | $2.7B |
总资产LCIIWST
| Q4 25 | $3.2B | $4.3B | ||
| Q3 25 | $3.2B | $4.1B | ||
| Q2 25 | $3.2B | $4.0B | ||
| Q1 25 | $3.1B | $3.6B | ||
| Q4 24 | $2.9B | $3.6B | ||
| Q3 24 | $3.0B | $3.7B | ||
| Q2 24 | $3.0B | $3.5B | ||
| Q1 24 | $3.0B | $3.6B |
负债/权益比LCIIWST
| Q4 25 | 0.69× | 0.06× | ||
| Q3 25 | 0.70× | 0.07× | ||
| Q2 25 | 0.68× | 0.07× | ||
| Q1 25 | 0.69× | 0.08× | ||
| Q4 24 | 0.55× | 0.08× | ||
| Q3 24 | 0.58× | 0.07× | ||
| Q2 24 | 0.60× | 0.08× | ||
| Q1 24 | 0.63× | 0.08× |
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 | $251.1M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $175.0M |
| 自由现金流率自由现金流/营收 | 6.9% | 21.7% |
| 资本支出强度资本支出/营收 | 1.6% | 9.5% |
| 现金转化率经营现金流/净利润 | 4.22× | 1.90× |
| 过去12个月自由现金流最近4个季度 | $278.3M | $468.9M |
8季度趋势，按日历期对齐
经营现金流LCIIWST
| Q4 25 | $78.9M | $251.1M | ||
| Q3 25 | $97.2M | $197.2M | ||
| Q2 25 | $112.2M | $177.1M | ||
| Q1 25 | $42.7M | $129.4M | ||
| Q4 24 | $106.6M | $190.1M | ||
| Q3 24 | $78.4M | $180.1M | ||
| Q2 24 | $192.9M | $165.0M | ||
| Q1 24 | $-7.7M | $118.2M |
自由现金流LCIIWST
| Q4 25 | $64.3M | $175.0M | ||
| Q3 25 | $80.9M | $133.9M | ||
| Q2 25 | $99.5M | $101.9M | ||
| Q1 25 | $33.7M | $58.1M | ||
| Q4 24 | $95.7M | $85.2M | ||
| Q3 24 | $68.3M | $98.8M | ||
| Q2 24 | $180.2M | $64.8M | ||
| Q1 24 | $-16.3M | $27.6M |
自由现金流率LCIIWST
| Q4 25 | 6.9% | 21.7% | ||
| Q3 25 | 7.8% | 16.6% | ||
| Q2 25 | 9.0% | 13.3% | ||
| Q1 25 | 3.2% | 8.3% | ||
| Q4 24 | 11.9% | 11.4% | ||
| Q3 24 | 7.5% | 13.2% | ||
| Q2 24 | 17.1% | 9.2% | ||
| Q1 24 | -1.7% | 4.0% |
资本支出强度LCIIWST
| Q4 25 | 1.6% | 9.5% | ||
| Q3 25 | 1.6% | 7.9% | ||
| Q2 25 | 1.2% | 9.8% | ||
| Q1 25 | 0.9% | 10.2% | ||
| Q4 24 | 1.4% | 14.0% | ||
| Q3 24 | 1.1% | 10.9% | ||
| Q2 24 | 1.2% | 14.3% | ||
| Q1 24 | 0.9% | 13.0% |
现金转化率LCIIWST
| Q4 25 | 4.22× | 1.90× | ||
| Q3 25 | 1.55× | 1.41× | ||
| Q2 25 | 1.95× | 1.34× | ||
| Q1 25 | 0.86× | 1.44× | ||
| Q4 24 | 11.17× | 1.46× | ||
| Q3 24 | 2.20× | 1.32× | ||
| Q2 24 | 3.15× | 1.48× | ||
| Q1 24 | -0.21× | 1.03× |
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% |
WST
| Proprietary Products | $661.8M | 82% |
| Contract Manufactured Products | $143.2M | 18% |
| Affiliated Entity | $3.3M | 0% |
