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礼恩派（LEG）与LOUISIANA-PACIFIC CORP（LPX）财务数据对比。点击上方公司名可切换其他公司
礼恩派的季度营收约是LOUISIANA-PACIFIC CORP的1.7倍（$938.6M vs $566.0M），礼恩派净利率更高（2.7% vs -1.4%，领先4.1%），礼恩派同比增速更快（-11.2% vs -16.9%），礼恩派自由现金流更多（$101.9M vs $-8.0M），过去两年礼恩派的营收复合增速更高（-7.5% vs -11.6%）
礼恩派（Leggett & Platt）总部位于美国密苏里州迦太基，是一家多元化制造企业，成立于1883年。公司专注于设计生产各类工程组件及产品，广泛应用于家居与汽车领域。目前旗下设有15个业务单元，在全球18个国家拥有135座生产工厂，员工总数达2万名。
路易斯安那-太平洋公司（简称LP）是美国知名建材制造商，成立于1973年，是美国定向结构刨花板（OSB）生产的开创者，总部现位于田纳西州纳什维尔。作为全球最大的OSB生产商，公司还生产工程木建材产品，通过建材分销商、经销商及家居零售中心向建筑商和业主供货。
LEG vs LPX — 直观对比
营收规模更大
LEG
是对方的1.7倍
$566.0M
营收增速更快
LEG
高出5.7%
-16.9%
净利率更高
LEG
高出4.1%
-1.4%
自由现金流更多
LEG
多$109.9M
$-8.0M
两年增速更快
LEG
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $938.6M | $566.0M |
| 净利润 | $25.1M | $-8.0M |
| 毛利率 | 17.9% | 15.0% |
| 营业利润率 | 2.0% | -1.6% |
| 净利率 | 2.7% | -1.4% |
| 营收同比 | -11.2% | -16.9% |
| 净利润同比 | 76.8% | -112.9% |
| 每股收益（稀释后） | $0.18 | $-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LEGLPX
| Q4 25 | $938.6M | $566.0M | ||
| Q3 25 | $1.0B | $663.0M | ||
| Q2 25 | $1.1B | $755.0M | ||
| Q1 25 | $1.0B | $724.0M | ||
| Q4 24 | $1.1B | $681.0M | ||
| Q3 24 | $1.1B | $722.0M | ||
| Q2 24 | $1.1B | $814.0M | ||
| Q1 24 | $1.1B | $724.0M |
净利润LEGLPX
| Q4 25 | $25.1M | $-8.0M | ||
| Q3 25 | $127.1M | $9.0M | ||
| Q2 25 | $52.5M | $54.0M | ||
| Q1 25 | $30.6M | $91.0M | ||
| Q4 24 | $14.2M | $62.0M | ||
| Q3 24 | $44.9M | $90.0M | ||
| Q2 24 | $-602.2M | $160.0M | ||
| Q1 24 | $31.6M | $108.0M |
毛利率LEGLPX
| Q4 25 | 17.9% | 15.0% | ||
| Q3 25 | 18.7% | 19.5% | ||
| Q2 25 | 18.2% | 23.6% | ||
| Q1 25 | 18.6% | 27.2% | ||
| Q4 24 | 16.6% | 23.8% | ||
| Q3 24 | 18.2% | 26.7% | ||
| Q2 24 | 16.5% | 32.3% | ||
| Q1 24 | 17.0% | 29.6% |
营业利润率LEGLPX
| Q4 25 | 2.0% | -1.6% | ||
| Q3 25 | 14.9% | 2.7% | ||
| Q2 25 | 6.8% | 10.6% | ||
| Q1 25 | 4.4% | 16.6% | ||
| Q4 24 | 2.4% | 11.0% | ||
| Q3 24 | 5.2% | 16.1% | ||
| Q2 24 | -56.2% | 23.8% | ||
| Q1 24 | 3.9% | 20.0% |
净利率LEGLPX
| Q4 25 | 2.7% | -1.4% | ||
| Q3 25 | 12.3% | 1.4% | ||
| Q2 25 | 5.0% | 7.2% | ||
| Q1 25 | 3.0% | 12.6% | ||
| Q4 24 | 1.3% | 9.1% | ||
| Q3 24 | 4.1% | 12.5% | ||
| Q2 24 | -53.4% | 19.7% | ||
| Q1 24 | 2.9% | 14.9% |
每股收益（稀释后）LEGLPX
| Q4 25 | $0.18 | $-0.12 | ||
| Q3 25 | $0.91 | $0.13 | ||
| Q2 25 | $0.38 | $0.77 | ||
| Q1 25 | $0.22 | $1.30 | ||
| Q4 24 | $0.10 | $0.90 | ||
| Q3 24 | $0.33 | $1.28 | ||
| Q2 24 | $-4.39 | $2.23 | ||
| Q1 24 | $0.23 | $1.48 |
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 | $587.4M | $292.0M |
| 总债务越低越好 | $1.5B | $348.0M |
| 股东权益账面价值 | $1.0B | $1.7B |
| 总资产 | $3.5B | $2.6B |
| 负债/权益比越低杠杆越低 | 1.46× | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资LEGLPX
| Q4 25 | $587.4M | $292.0M | ||
| Q3 25 | $460.7M | $316.0M | ||
| Q2 25 | $368.8M | $333.0M | ||
| Q1 25 | $412.6M | $256.0M | ||
| Q4 24 | $350.2M | $340.0M | ||
| Q3 24 | $277.2M | $346.0M | ||
| Q2 24 | $307.0M | $317.0M | ||
| Q1 24 | $361.3M | $244.0M |
总债务LEGLPX
| Q4 25 | $1.5B | $348.0M | ||
| Q3 25 | $1.5B | $348.0M | ||
| Q2 25 | $1.8B | $348.0M | ||
| Q1 25 | $1.9B | $348.0M | ||
| Q4 24 | $1.9B | $348.0M | ||
| Q3 24 | $1.6B | $347.0M | ||
| Q2 24 | $1.7B | $347.0M | ||
| Q1 24 | $1.8B | $347.0M |
股东权益LEGLPX
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $971.8M | $1.7B | ||
| Q2 25 | $855.0M | $1.7B | ||
| Q1 25 | $746.8M | $1.7B | ||
| Q4 24 | $689.4M | $1.7B | ||
| Q3 24 | $741.0M | $1.7B | ||
| Q2 24 | $667.6M | $1.7B | ||
| Q1 24 | $1.3B | $1.6B |
总资产LEGLPX
| Q4 25 | $3.5B | $2.6B | ||
| Q3 25 | $3.5B | $2.6B | ||
| Q2 25 | $3.7B | $2.7B | ||
| Q1 25 | $3.7B | $2.6B | ||
| Q4 24 | $3.7B | $2.6B | ||
| Q3 24 | $3.8B | $2.6B | ||
| Q2 24 | $3.8B | $2.5B | ||
| Q1 24 | $4.6B | $2.5B |
负债/权益比LEGLPX
| Q4 25 | 1.46× | 0.20× | ||
| Q3 25 | 1.54× | 0.20× | ||
| Q2 25 | 2.10× | 0.20× | ||
| Q1 25 | 2.59× | 0.21× | ||
| Q4 24 | 2.70× | 0.21× | ||
| Q3 24 | 2.13× | 0.21× | ||
| Q2 24 | 2.55× | 0.21× | ||
| Q1 24 | 1.38× | 0.21× |
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 | $121.5M | $67.0M |
| 自由现金流经营现金流 - 资本支出 | $101.9M | $-8.0M |
| 自由现金流率自由现金流/营收 | 10.9% | -1.4% |
| 资本支出强度资本支出/营收 | 2.1% | 13.3% |
| 现金转化率经营现金流/净利润 | 4.84× | — |
| 过去12个月自由现金流最近4个季度 | $281.0M | $91.0M |
8季度趋势，按日历期对齐
经营现金流LEGLPX
| Q4 25 | $121.5M | $67.0M | ||
| Q3 25 | $125.9M | $89.0M | ||
| Q2 25 | $84.0M | $162.0M | ||
| Q1 25 | $6.8M | $64.0M | ||
| Q4 24 | $122.3M | $105.0M | ||
| Q3 24 | $95.5M | $183.0M | ||
| Q2 24 | $94.0M | $212.0M | ||
| Q1 24 | $-6.1M | $105.0M |
自由现金流LEGLPX
| Q4 25 | $101.9M | $-8.0M | ||
| Q3 25 | $110.1M | $5.0M | ||
| Q2 25 | $75.5M | $94.0M | ||
| Q1 25 | $-6.5M | $0 | ||
| Q4 24 | $100.5M | $43.0M | ||
| Q3 24 | $77.1M | $139.0M | ||
| Q2 24 | $78.5M | $176.0M | ||
| Q1 24 | $-32.0M | $64.0M |
自由现金流率LEGLPX
| Q4 25 | 10.9% | -1.4% | ||
| Q3 25 | 10.6% | 0.8% | ||
| Q2 25 | 7.1% | 12.5% | ||
| Q1 25 | -0.6% | 0.0% | ||
| Q4 24 | 9.5% | 6.3% | ||
| Q3 24 | 7.0% | 19.3% | ||
| Q2 24 | 7.0% | 21.6% | ||
| Q1 24 | -2.9% | 8.8% |
资本支出强度LEGLPX
| Q4 25 | 2.1% | 13.3% | ||
| Q3 25 | 1.5% | 12.7% | ||
| Q2 25 | 0.8% | 9.0% | ||
| Q1 25 | 1.3% | 8.8% | ||
| Q4 24 | 2.1% | 9.1% | ||
| Q3 24 | 1.7% | 6.1% | ||
| Q2 24 | 1.4% | 4.4% | ||
| Q1 24 | 2.4% | 5.7% |
现金转化率LEGLPX
| Q4 25 | 4.84× | — | ||
| Q3 25 | 0.99× | 9.89× | ||
| Q2 25 | 1.60× | 3.00× | ||
| Q1 25 | 0.22× | 0.70× | ||
| Q4 24 | 8.61× | 1.69× | ||
| Q3 24 | 2.13× | 2.03× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | -0.19× | 0.97× |
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
LEG
| Bedding Products | $373.8M | 40% |
| Flooring And Textile Products Group | $196.9M | 21% |
| Automotive Group | $194.9M | 21% |
| Work Furniture Group | $66.2M | 7% |
| Home Furniture Group | $61.0M | 6% |
| Hydraulic Cylinders | $45.8M | 5% |
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
