vs
礼恩派（LEG）与乐至宝（LZB）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乐至宝的1.7倍（$938.6M vs $541.6M）。乐至宝净利率更高（4.0% vs 2.7%，领先1.3%）。乐至宝同比增速更快（3.8% vs -11.2%）。礼恩派自由现金流更多（$101.9M vs $71.6M）。过去两年乐至宝的营收复合增速更高（-1.1% vs -7.5%）
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。
La-Z-Boy是总部位于美国密歇根州门罗的家具制造企业，主打居家家具产品，涵盖软垫 recliner、沙发、固定座椅、升降椅、沙发床等品类，全球员工规模超过11000人，是休闲家居领域的知名品牌。
LEG vs LZB — 直观对比
营收规模更大
LEG
是对方的1.7倍
$541.6M
营收增速更快
LZB
高出14.9%
-11.2%
净利率更高
LZB
高出1.3%
2.7%
自由现金流更多
LEG
多$30.3M
$71.6M
两年增速更快
LZB
近两年复合增速
-7.5%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $938.6M | $541.6M |
| 净利润 | $25.1M | $21.6M |
| 毛利率 | 17.9% | 43.1% |
| 营业利润率 | 2.0% | 5.5% |
| 净利率 | 2.7% | 4.0% |
| 营收同比 | -11.2% | 3.8% |
| 净利润同比 | 76.8% | -23.8% |
| 每股收益（稀释后） | $0.18 | $0.52 |
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LEGLZB
| Q1 26 | — | $541.6M | ||
| Q4 25 | $938.6M | $522.5M | ||
| Q3 25 | $1.0B | $492.2M | ||
| Q2 25 | $1.1B | $570.9M | ||
| Q1 25 | $1.0B | $521.8M | ||
| Q4 24 | $1.1B | $521.0M | ||
| Q3 24 | $1.1B | $495.5M | ||
| Q2 24 | $1.1B | $553.5M |
净利润LEGLZB
| Q1 26 | — | $21.6M | ||
| Q4 25 | $25.1M | $28.9M | ||
| Q3 25 | $127.1M | $18.2M | ||
| Q2 25 | $52.5M | $14.9M | ||
| Q1 25 | $30.6M | $28.4M | ||
| Q4 24 | $14.2M | $30.0M | ||
| Q3 24 | $44.9M | $26.2M | ||
| Q2 24 | $-602.2M | $39.3M |
毛利率LEGLZB
| Q1 26 | — | 43.1% | ||
| Q4 25 | 17.9% | 44.2% | ||
| Q3 25 | 18.7% | 42.5% | ||
| Q2 25 | 18.2% | 44.0% | ||
| Q1 25 | 18.6% | 44.3% | ||
| Q4 24 | 16.6% | 44.3% | ||
| Q3 24 | 18.2% | 43.1% | ||
| Q2 24 | 16.5% | 43.4% |
营业利润率LEGLZB
| Q1 26 | — | 5.5% | ||
| Q4 25 | 2.0% | 6.9% | ||
| Q3 25 | 14.9% | 4.5% | ||
| Q2 25 | 6.8% | 5.2% | ||
| Q1 25 | 4.4% | 6.7% | ||
| Q4 24 | 2.4% | 7.4% | ||
| Q3 24 | 5.2% | 6.5% | ||
| Q2 24 | -56.2% | 9.1% |
净利率LEGLZB
| Q1 26 | — | 4.0% | ||
| Q4 25 | 2.7% | 5.5% | ||
| Q3 25 | 12.3% | 3.7% | ||
| Q2 25 | 5.0% | 2.6% | ||
| Q1 25 | 3.0% | 5.4% | ||
| Q4 24 | 1.3% | 5.8% | ||
| Q3 24 | 4.1% | 5.3% | ||
| Q2 24 | -53.4% | 7.1% |
每股收益（稀释后）LEGLZB
| Q1 26 | — | $0.52 | ||
| Q4 25 | $0.18 | $0.70 | ||
| Q3 25 | $0.91 | $0.44 | ||
| Q2 25 | $0.38 | $0.35 | ||
| Q1 25 | $0.22 | $0.68 | ||
| Q4 24 | $0.10 | $0.71 | ||
| Q3 24 | $0.33 | $0.61 | ||
| Q2 24 | $-4.39 | $0.91 |
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 | $306.1M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $1.0B | $1.0B |
| 总资产 | $3.5B | $2.1B |
| 负债/权益比越低杠杆越低 | 1.46× | — |
8季度趋势，按日历期对齐
现金及短期投资LEGLZB
| Q1 26 | — | $306.1M | ||
| Q4 25 | $587.4M | $338.5M | ||
| Q3 25 | $460.7M | $318.5M | ||
| Q2 25 | $368.8M | $328.4M | ||
| Q1 25 | $412.6M | $314.6M | ||
| Q4 24 | $350.2M | $303.1M | ||
| Q3 24 | $277.2M | $342.3M | ||
| Q2 24 | $307.0M | $341.1M |
总债务LEGLZB
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | — |
股东权益LEGLZB
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.0B | $1.0B | ||
| Q3 25 | $971.8M | $1.0B | ||
| Q2 25 | $855.0M | $1.0B | ||
| Q1 25 | $746.8M | $1.0B | ||
| Q4 24 | $689.4M | $1.0B | ||
| Q3 24 | $741.0M | $999.2M | ||
| Q2 24 | $667.6M | $1.0B |
总资产LEGLZB
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.5B | $2.0B | ||
| Q3 25 | $3.5B | $1.9B | ||
| Q2 25 | $3.7B | $1.9B | ||
| Q1 25 | $3.7B | $2.0B | ||
| Q4 24 | $3.7B | $1.9B | ||
| Q3 24 | $3.8B | $1.9B | ||
| Q2 24 | $3.8B | $1.9B |
负债/权益比LEGLZB
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.54× | — | ||
| Q2 25 | 2.10× | — | ||
| Q1 25 | 2.59× | — | ||
| Q4 24 | 2.70× | — | ||
| Q3 24 | 2.13× | — | ||
| Q2 24 | 2.55× | — |
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 | $89.4M |
| 自由现金流经营现金流 - 资本支出 | $101.9M | $71.6M |
| 自由现金流率自由现金流/营收 | 10.9% | 13.2% |
| 资本支出强度资本支出/营收 | 2.1% | 3.3% |
| 现金转化率经营现金流/净利润 | 4.84× | 4.13× |
| 过去12个月自由现金流最近4个季度 | $281.0M | $158.2M |
8季度趋势，按日历期对齐
经营现金流LEGLZB
| Q1 26 | — | $89.4M | ||
| Q4 25 | $121.5M | $50.0M | ||
| Q3 25 | $125.9M | $36.3M | ||
| Q2 25 | $84.0M | $62.0M | ||
| Q1 25 | $6.8M | $57.0M | ||
| Q4 24 | $122.3M | $15.9M | ||
| Q3 24 | $95.5M | $52.3M | ||
| Q2 24 | $94.0M | $52.8M |
自由现金流LEGLZB
| Q1 26 | — | $71.6M | ||
| Q4 25 | $101.9M | $29.6M | ||
| Q3 25 | $110.1M | $17.8M | ||
| Q2 25 | $75.5M | $39.3M | ||
| Q1 25 | $-6.5M | $38.2M | ||
| Q4 24 | $100.5M | $-1.2M | ||
| Q3 24 | $77.1M | $36.7M | ||
| Q2 24 | $78.5M | $37.3M |
自由现金流率LEGLZB
| Q1 26 | — | 13.2% | ||
| Q4 25 | 10.9% | 5.7% | ||
| Q3 25 | 10.6% | 3.6% | ||
| Q2 25 | 7.1% | 6.9% | ||
| Q1 25 | -0.6% | 7.3% | ||
| Q4 24 | 9.5% | -0.2% | ||
| Q3 24 | 7.0% | 7.4% | ||
| Q2 24 | 7.0% | 6.7% |
资本支出强度LEGLZB
| Q1 26 | — | 3.3% | ||
| Q4 25 | 2.1% | 3.9% | ||
| Q3 25 | 1.5% | 3.8% | ||
| Q2 25 | 0.8% | 4.0% | ||
| Q1 25 | 1.3% | 3.6% | ||
| Q4 24 | 2.1% | 3.3% | ||
| Q3 24 | 1.7% | 3.2% | ||
| Q2 24 | 1.4% | 2.8% |
现金转化率LEGLZB
| Q1 26 | — | 4.13× | ||
| Q4 25 | 4.84× | 1.73× | ||
| Q3 25 | 0.99× | 1.99× | ||
| Q2 25 | 1.60× | 4.15× | ||
| Q1 25 | 0.22× | 2.01× | ||
| Q4 24 | 8.61× | 0.53× | ||
| Q3 24 | 2.13× | 2.00× | ||
| Q2 24 | — | 1.34× |
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% |
LZB
| Stationary Upholstery Furniture | $286.2M | 53% |
| Retail Segment | $251.9M | 47% |
