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林肯电气（LECO）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
林肯电气的季度营收约是Rithm Capital Corp.的1.3倍（$1.1B vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs 12.6%，领先0.6%），林肯电气同比增速更快（5.5% vs -40.0%），过去两年林肯电气的营收复合增速更高（4.9% vs -17.9%）
林肯电气是美国跨国焊接产品制造企业，总部位于俄亥俄州欧几里得市，主营弧焊设备、焊接配件、等离子及氧燃料切割设备、焊接机器人系统等，业务覆盖160余个国家和地区，在全球设有42个生产基地，同时在19个国家布局了生产联盟及合资企业。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
LECO vs RITM — 直观对比
营收规模更大
LECO
是对方的1.3倍
$828.2M
营收增速更快
LECO
高出45.5%
-40.0%
净利率更高
RITM
高出0.6%
12.6%
两年增速更快
LECO
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $828.2M |
| 净利润 | $136.0M | $109.5M |
| 毛利率 | 34.7% | — |
| 营业利润率 | 17.1% | — |
| 净利率 | 12.6% | 13.2% |
| 营收同比 | 5.5% | -40.0% |
| 净利润同比 | -3.0% | 20.9% |
| 每股收益（稀释后） | $2.45 | $0.12 |
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LECORITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.0B | $768.4M | ||
| Q4 24 | $1.0B | $2.1B | ||
| Q3 24 | $983.8M | $619.5M | ||
| Q2 24 | $1.0B | $1.2B |
净利润LECORITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $136.0M | $85.0M | ||
| Q3 25 | $122.6M | $221.5M | ||
| Q2 25 | $143.4M | $311.7M | ||
| Q1 25 | $118.5M | $78.8M | ||
| Q4 24 | $140.2M | $290.2M | ||
| Q3 24 | $100.8M | $121.7M | ||
| Q2 24 | $101.7M | $235.6M |
毛利率LECORITM
| Q1 26 | — | — | ||
| Q4 25 | 34.7% | — | ||
| Q3 25 | 36.7% | — | ||
| Q2 25 | 37.3% | — | ||
| Q1 25 | 36.4% | — | ||
| Q4 24 | 36.1% | — | ||
| Q3 24 | 35.8% | — | ||
| Q2 24 | 37.6% | — |
营业利润率LECORITM
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 13.8% | ||
| Q3 25 | 16.6% | 21.4% | ||
| Q2 25 | 17.6% | 25.2% | ||
| Q1 25 | 16.4% | 7.4% | ||
| Q4 24 | 17.3% | 23.8% | ||
| Q3 24 | 14.8% | 7.3% | ||
| Q2 24 | 14.6% | 23.6% |
净利率LECORITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 12.6% | 5.7% | ||
| Q3 25 | 11.6% | 20.0% | ||
| Q2 25 | 13.2% | 25.6% | ||
| Q1 25 | 11.8% | 10.3% | ||
| Q4 24 | 13.7% | 14.0% | ||
| Q3 24 | 10.2% | 19.7% | ||
| Q2 24 | 10.0% | 19.2% |
每股收益（稀释后）LECORITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $2.45 | $0.09 | ||
| Q3 25 | $2.21 | $0.35 | ||
| Q2 25 | $2.56 | $0.53 | ||
| Q1 25 | $2.10 | $0.07 | ||
| Q4 24 | $2.47 | $0.50 | ||
| Q3 24 | $1.77 | $0.20 | ||
| Q2 24 | $1.77 | $0.43 |
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 | $308.8M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $9.1B |
| 总资产 | $3.8B | $53.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LECORITM
| Q1 26 | — | — | ||
| Q4 25 | $308.8M | $1.8B | ||
| Q3 25 | $293.0M | $1.6B | ||
| Q2 25 | $299.5M | $1.6B | ||
| Q1 25 | $394.7M | $1.5B | ||
| Q4 24 | $377.3M | $1.5B | ||
| Q3 24 | $404.2M | $1.6B | ||
| Q2 24 | $272.7M | $1.2B |
总债务LECORITM
| Q1 26 | — | — | ||
| Q4 25 | — | $35.4B | ||
| Q3 25 | — | $32.2B | ||
| Q2 25 | — | $31.2B | ||
| Q1 25 | — | $32.2B | ||
| Q4 24 | — | $32.6B | ||
| Q3 24 | — | $29.6B | ||
| Q2 24 | — | $30.1B |
股东权益LECORITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.5B | $8.4B | ||
| Q3 25 | $1.4B | $8.5B | ||
| Q2 25 | $1.4B | $7.9B | ||
| Q1 25 | $1.3B | $7.8B | ||
| Q4 24 | $1.3B | $7.8B | ||
| Q3 24 | $1.3B | $7.7B | ||
| Q2 24 | $1.3B | $7.3B |
总资产LECORITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $3.8B | $53.1B | ||
| Q3 25 | $3.8B | $47.2B | ||
| Q2 25 | $3.7B | $44.3B | ||
| Q1 25 | $3.6B | $45.3B | ||
| Q4 24 | $3.5B | $46.0B | ||
| Q3 24 | $3.7B | $42.3B | ||
| Q2 24 | $3.4B | $42.0B |
负债/权益比LECORITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | $95.0M | — |
| 自由现金流经营现金流 - 资本支出 | $52.0M | — |
| 自由现金流率自由现金流/营收 | 4.8% | — |
| 资本支出强度资本支出/营收 | 4.0% | — |
| 现金转化率经营现金流/净利润 | 0.70× | — |
| 过去12个月自由现金流最近4个季度 | $534.2M | — |
8季度趋势，按日历期对齐
经营现金流LECORITM
| Q1 26 | — | — | ||
| Q4 25 | $95.0M | $-114.6M | ||
| Q3 25 | $236.7M | $-2.0B | ||
| Q2 25 | $143.8M | $-557.1M | ||
| Q1 25 | $185.7M | $1.4B | ||
| Q4 24 | $95.8M | $-1.8B | ||
| Q3 24 | $199.2M | $768.1M | ||
| Q2 24 | $170.7M | $-55.7M |
自由现金流LECORITM
| Q1 26 | — | — | ||
| Q4 25 | $52.0M | — | ||
| Q3 25 | $205.1M | — | ||
| Q2 25 | $118.4M | — | ||
| Q1 25 | $158.7M | — | ||
| Q4 24 | $64.3M | — | ||
| Q3 24 | $163.5M | — | ||
| Q2 24 | $147.5M | — |
自由现金流率LECORITM
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | — | ||
| Q3 25 | 19.3% | — | ||
| Q2 25 | 10.9% | — | ||
| Q1 25 | 15.8% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 16.6% | — | ||
| Q2 24 | 14.4% | — |
资本支出强度LECORITM
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 3.0% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 2.7% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 2.3% | — |
现金转化率LECORITM
| Q1 26 | — | — | ||
| Q4 25 | 0.70× | -1.35× | ||
| Q3 25 | 1.93× | -9.22× | ||
| Q2 25 | 1.00× | -1.79× | ||
| Q1 25 | 1.57× | 18.03× | ||
| Q4 24 | 0.68× | -6.04× | ||
| Q3 24 | 1.98× | 6.31× | ||
| Q2 24 | 1.68× | -0.24× |
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
LECO
| Americas Welding | $681.9M | 63% |
| International Welding | $259.4M | 24% |
| Harris Products Group | $137.4M | 13% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
