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李尔公司（LEA）与Southern Company（SO）财务数据对比。点击上方公司名可切换其他公司
Southern Company的季度营收约是李尔公司的1.2倍（$7.0B vs $6.0B），Southern Company净利率更高（4.9% vs 1.4%，领先3.5%），Southern Company同比增速更快（10.1% vs 4.8%），李尔公司自由现金流更多（$281.1M vs $-1.7B），过去两年Southern Company的营收复合增速更高（2.5% vs -0.1%）
李尔公司是美国知名汽车零部件供应商，核心业务涵盖汽车座椅及电气系统的研发、生产与销售。公司曾位列2018年《财富》世界500强第148位，2019年升至第147位，在全球汽车供应链领域拥有突出的市场地位与品牌影响力。
Southern Company是美国燃气电力公用事业控股企业，总部位于佐治亚州亚特兰大，在阿拉巴马州伯明翰设有行政办公室。截至2021年按用户规模计为美国第二大公用事业公司，旗下子公司覆盖6个州，为900万燃气及电力用户提供服务，供电区域达12万平方英里。
LEA vs SO — 直观对比
营收规模更大
SO
是对方的1.2倍
$6.0B
营收增速更快
SO
高出5.3%
4.8%
净利率更高
SO
高出3.5%
1.4%
自由现金流更多
LEA
多$2.0B
$-1.7B
两年增速更快
SO
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $7.0B |
| 净利润 | $82.7M | $341.0M |
| 毛利率 | 5.7% | — |
| 营业利润率 | 2.6% | 13.1% |
| 净利率 | 1.4% | 4.9% |
| 营收同比 | 4.8% | 10.1% |
| 净利润同比 | -6.1% | -26.8% |
| 每股收益（稀释后） | $1.58 | $0.38 |
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LEASO
| Q4 25 | $6.0B | $7.0B | ||
| Q3 25 | $5.7B | $7.8B | ||
| Q2 25 | $6.0B | $7.0B | ||
| Q1 25 | $5.6B | $7.8B | ||
| Q4 24 | $5.7B | $6.3B | ||
| Q3 24 | $5.6B | $7.3B | ||
| Q2 24 | $6.0B | $6.5B | ||
| Q1 24 | $6.0B | $6.6B |
净利润LEASO
| Q4 25 | $82.7M | $341.0M | ||
| Q3 25 | $108.2M | $1.7B | ||
| Q2 25 | $165.2M | $880.0M | ||
| Q1 25 | $80.7M | $1.3B | ||
| Q4 24 | $88.1M | $466.0M | ||
| Q3 24 | $135.8M | $1.5B | ||
| Q2 24 | $173.1M | $1.2B | ||
| Q1 24 | $109.6M | $1.1B |
毛利率LEASO
| Q4 25 | 5.7% | — | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | 7.3% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | 6.6% | — |
营业利润率LEASO
| Q4 25 | 2.6% | 13.1% | ||
| Q3 25 | 3.4% | 33.2% | ||
| Q2 25 | 4.1% | 25.3% | ||
| Q1 25 | 3.3% | 25.9% | ||
| Q4 24 | 3.7% | 16.7% | ||
| Q3 24 | 3.9% | 32.6% | ||
| Q2 24 | 4.3% | 30.0% | ||
| Q1 24 | 3.3% | 25.6% |
净利率LEASO
| Q4 25 | 1.4% | 4.9% | ||
| Q3 25 | 1.9% | 21.9% | ||
| Q2 25 | 2.7% | 12.6% | ||
| Q1 25 | 1.5% | 16.3% | ||
| Q4 24 | 1.5% | 7.3% | ||
| Q3 24 | 2.4% | 21.1% | ||
| Q2 24 | 2.9% | 18.6% | ||
| Q1 24 | 1.8% | 16.1% |
每股收益（稀释后）LEASO
| Q4 25 | $1.58 | $0.38 | ||
| Q3 25 | $2.02 | $1.54 | ||
| Q2 25 | $3.06 | $0.79 | ||
| Q1 25 | $1.49 | $1.21 | ||
| Q4 24 | $1.64 | $0.48 | ||
| Q3 24 | $2.41 | $1.39 | ||
| Q2 24 | $3.02 | $1.09 | ||
| Q1 24 | $1.90 | $1.03 |
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 | $1.0B | $1.6B |
| 总债务越低越好 | $2.7B | $65.6B |
| 股东权益账面价值 | $5.0B | $36.0B |
| 总资产 | $14.8B | $155.7B |
| 负债/权益比越低杠杆越低 | 0.54× | 1.82× |
8季度趋势，按日历期对齐
现金及短期投资LEASO
| Q4 25 | $1.0B | $1.6B | ||
| Q3 25 | $1.0B | $3.3B | ||
| Q2 25 | $887.9M | $1.3B | ||
| Q1 25 | $779.9M | $2.3B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $763.9M | $1.0B | ||
| Q2 24 | $950.3M | $1.2B | ||
| Q1 24 | $930.4M | $713.0M |
总债务LEASO
| Q4 25 | $2.7B | $65.6B | ||
| Q3 25 | $2.8B | $64.6B | ||
| Q2 25 | $2.8B | $63.0B | ||
| Q1 25 | $2.7B | $62.9B | ||
| Q4 24 | $2.7B | $58.8B | ||
| Q3 24 | $2.8B | $61.3B | ||
| Q2 24 | $2.7B | $59.9B | ||
| Q1 24 | $2.7B | $59.4B |
股东权益LEASO
| Q4 25 | $5.0B | $36.0B | ||
| Q3 25 | $5.1B | $38.3B | ||
| Q2 25 | $5.1B | $37.3B | ||
| Q1 25 | $4.7B | $37.2B | ||
| Q4 24 | $4.5B | $33.2B | ||
| Q3 24 | $4.8B | $36.9B | ||
| Q2 24 | $4.8B | $36.1B | ||
| Q1 24 | $4.9B | $35.6B |
总资产LEASO
| Q4 25 | $14.8B | $155.7B | ||
| Q3 25 | $15.2B | $153.2B | ||
| Q2 25 | $15.3B | $148.9B | ||
| Q1 25 | $14.6B | $148.1B | ||
| Q4 24 | $14.0B | $145.2B | ||
| Q3 24 | $14.8B | $144.0B | ||
| Q2 24 | $14.7B | $141.9B | ||
| Q1 24 | $14.9B | $140.1B |
负债/权益比LEASO
| Q4 25 | 0.54× | 1.82× | ||
| Q3 25 | 0.54× | 1.69× | ||
| Q2 25 | 0.54× | 1.69× | ||
| Q1 25 | 0.59× | 1.69× | ||
| Q4 24 | 0.61× | 1.77× | ||
| Q3 24 | 0.58× | 1.66× | ||
| Q2 24 | 0.57× | 1.66× | ||
| Q1 24 | 0.56× | 1.67× |
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 | $475.9M | $2.6B |
| 自由现金流经营现金流 - 资本支出 | $281.1M | $-1.7B |
| 自由现金流率自由现金流/营收 | 4.7% | -24.2% |
| 资本支出强度资本支出/营收 | 3.3% | 61.4% |
| 现金转化率经营现金流/净利润 | 5.75× | 7.62× |
| 过去12个月自由现金流最近4个季度 | $527.2M | $-2.9B |
8季度趋势，按日历期对齐
经营现金流LEASO
| Q4 25 | $475.9M | $2.6B | ||
| Q3 25 | $444.4M | $3.8B | ||
| Q2 25 | $296.2M | $2.2B | ||
| Q1 25 | $-127.7M | $1.3B | ||
| Q4 24 | $680.8M | $2.2B | ||
| Q3 24 | $182.7M | $3.6B | ||
| Q2 24 | $291.2M | $2.7B | ||
| Q1 24 | $-34.6M | $1.3B |
自由现金流LEASO
| Q4 25 | $281.1M | $-1.7B | ||
| Q3 25 | $307.0M | $559.0M | ||
| Q2 25 | $170.8M | $-619.0M | ||
| Q1 25 | $-231.7M | $-1.2B | ||
| Q4 24 | $488.7M | $-576.0M | ||
| Q3 24 | $50.5M | $1.3B | ||
| Q2 24 | $170.4M | $563.0M | ||
| Q1 24 | $-148.2M | $-459.0M |
自由现金流率LEASO
| Q4 25 | 4.7% | -24.2% | ||
| Q3 25 | 5.4% | 7.1% | ||
| Q2 25 | 2.8% | -8.9% | ||
| Q1 25 | -4.2% | -15.3% | ||
| Q4 24 | 8.6% | -9.1% | ||
| Q3 24 | 0.9% | 17.9% | ||
| Q2 24 | 2.8% | 8.7% | ||
| Q1 24 | -2.5% | -6.9% |
资本支出强度LEASO
| Q4 25 | 3.3% | 61.4% | ||
| Q3 25 | 2.4% | 41.1% | ||
| Q2 25 | 2.1% | 40.2% | ||
| Q1 25 | 1.9% | 31.3% | ||
| Q4 24 | 3.4% | 43.4% | ||
| Q3 24 | 2.4% | 31.8% | ||
| Q2 24 | 2.0% | 32.9% | ||
| Q1 24 | 1.9% | 26.6% |
现金转化率LEASO
| Q4 25 | 5.75× | 7.62× | ||
| Q3 25 | 4.11× | 2.21× | ||
| Q2 25 | 1.79× | 2.48× | ||
| Q1 25 | -1.58× | 0.98× | ||
| Q4 24 | 7.73× | 4.66× | ||
| Q3 24 | 1.35× | 2.36× | ||
| Q2 24 | 1.68× | 2.23× | ||
| Q1 24 | -0.32× | 1.22× |
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
LEA
| Other | $3.5B | 59% |
| Seating Segment | $1.9B | 32% |
| E Systems Segment | $520.6M | 9% |
SO
| Other | $3.9B | 57% |
| Retail Electric Commercial | $1.6B | 23% |
| Natural Gas Distribution Residential | $689.0M | 10% |
| Natural Gas Distribution Transportation | $371.0M | 5% |
| Wholesale Non Affiliates | $123.0M | 2% |
| Natural Gas Distribution Other | $76.0M | 1% |
| Wholesale Electric Non PPA Revenues | $62.0M | 1% |
| Wholesale Affiliates | $55.0M | 1% |
| Retail Electric Other | $31.0M | 0% |
| Alternative Energy | $20.0M | 0% |
| Natural Gas Distribution Industrial | $15.0M | 0% |
