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礼恩派（LEG）与美森（MATX）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美森的1.1倍（$938.6M vs $851.9M），美森净利率更高（16.8% vs 2.7%，领先14.1%），美森同比增速更快（-4.3% vs -11.2%），礼恩派自由现金流更多（$101.9M vs $42.2M），过去两年美森的营收复合增速更高（8.6% 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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
LEG vs MATX — 直观对比
营收规模更大
LEG
是对方的1.1倍
$851.9M
营收增速更快
MATX
高出6.8%
-11.2%
净利率更高
MATX
高出14.1%
2.7%
自由现金流更多
LEG
多$59.7M
$42.2M
两年增速更快
MATX
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $938.6M | $851.9M |
| 净利润 | $25.1M | $143.1M |
| 毛利率 | 17.9% | — |
| 营业利润率 | 2.0% | 16.9% |
| 净利率 | 2.7% | 16.8% |
| 营收同比 | -11.2% | -4.3% |
| 净利润同比 | 76.8% | 11.8% |
| 每股收益（稀释后） | $0.18 | $4.47 |
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LEGMATX
| Q4 25 | $938.6M | $851.9M | ||
| Q3 25 | $1.0B | $880.1M | ||
| Q2 25 | $1.1B | $830.5M | ||
| Q1 25 | $1.0B | $782.0M | ||
| Q4 24 | $1.1B | $890.3M | ||
| Q3 24 | $1.1B | $962.0M | ||
| Q2 24 | $1.1B | $847.4M | ||
| Q1 24 | $1.1B | $722.1M |
净利润LEGMATX
| Q4 25 | $25.1M | $143.1M | ||
| Q3 25 | $127.1M | $134.7M | ||
| Q2 25 | $52.5M | $94.7M | ||
| Q1 25 | $30.6M | $72.3M | ||
| Q4 24 | $14.2M | $128.0M | ||
| Q3 24 | $44.9M | $199.1M | ||
| Q2 24 | $-602.2M | $113.2M | ||
| Q1 24 | $31.6M | $36.1M |
毛利率LEGMATX
| Q4 25 | 17.9% | — | ||
| Q3 25 | 18.7% | — | ||
| Q2 25 | 18.2% | — | ||
| Q1 25 | 18.6% | — | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 18.2% | — | ||
| Q2 24 | 16.5% | — | ||
| Q1 24 | 17.0% | — |
营业利润率LEGMATX
| Q4 25 | 2.0% | 16.9% | ||
| Q3 25 | 14.9% | 18.3% | ||
| Q2 25 | 6.8% | 13.6% | ||
| Q1 25 | 4.4% | 10.5% | ||
| Q4 24 | 2.4% | 16.6% | ||
| Q3 24 | 5.2% | 25.2% | ||
| Q2 24 | -56.2% | 14.7% | ||
| Q1 24 | 3.9% | 5.1% |
净利率LEGMATX
| Q4 25 | 2.7% | 16.8% | ||
| Q3 25 | 12.3% | 15.3% | ||
| Q2 25 | 5.0% | 11.4% | ||
| Q1 25 | 3.0% | 9.2% | ||
| Q4 24 | 1.3% | 14.4% | ||
| Q3 24 | 4.1% | 20.7% | ||
| Q2 24 | -53.4% | 13.4% | ||
| Q1 24 | 2.9% | 5.0% |
每股收益（稀释后）LEGMATX
| Q4 25 | $0.18 | $4.47 | ||
| Q3 25 | $0.91 | $4.24 | ||
| Q2 25 | $0.38 | $2.92 | ||
| Q1 25 | $0.22 | $2.18 | ||
| Q4 24 | $0.10 | $3.69 | ||
| Q3 24 | $0.33 | $5.89 | ||
| Q2 24 | $-4.39 | $3.31 | ||
| Q1 24 | $0.23 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | $1.5B | $361.2M |
| 股东权益账面价值 | $1.0B | $2.8B |
| 总资产 | $3.5B | $4.6B |
| 负债/权益比越低杠杆越低 | 1.46× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资LEGMATX
| Q4 25 | $587.4M | $141.9M | ||
| Q3 25 | $460.7M | $92.7M | ||
| Q2 25 | $368.8M | $59.1M | ||
| Q1 25 | $412.6M | $122.0M | ||
| Q4 24 | $350.2M | $266.8M | ||
| Q3 24 | $277.2M | $270.3M | ||
| Q2 24 | $307.0M | $168.2M | ||
| Q1 24 | $361.3M | $25.9M |
总债务LEGMATX
| Q4 25 | $1.5B | $361.2M | ||
| Q3 25 | $1.5B | $370.9M | ||
| Q2 25 | $1.8B | $341.3M | ||
| Q1 25 | $1.9B | $351.1M | ||
| Q4 24 | $1.9B | $361.2M | ||
| Q3 24 | $1.6B | $370.9M | ||
| Q2 24 | $1.7B | $381.0M | ||
| Q1 24 | $1.8B | $390.8M |
股东权益LEGMATX
| Q4 25 | $1.0B | $2.8B | ||
| Q3 25 | $971.8M | $2.7B | ||
| Q2 25 | $855.0M | $2.6B | ||
| Q1 25 | $746.8M | $2.6B | ||
| Q4 24 | $689.4M | $2.7B | ||
| Q3 24 | $741.0M | $2.6B | ||
| Q2 24 | $667.6M | $2.4B | ||
| Q1 24 | $1.3B | $2.4B |
总资产LEGMATX
| Q4 25 | $3.5B | $4.6B | ||
| Q3 25 | $3.5B | $4.6B | ||
| Q2 25 | $3.7B | $4.5B | ||
| Q1 25 | $3.7B | $4.5B | ||
| Q4 24 | $3.7B | $4.6B | ||
| Q3 24 | $3.8B | $4.4B | ||
| Q2 24 | $3.8B | $4.3B | ||
| Q1 24 | $4.6B | $4.2B |
负债/权益比LEGMATX
| Q4 25 | 1.46× | 0.13× | ||
| Q3 25 | 1.54× | 0.14× | ||
| Q2 25 | 2.10× | 0.13× | ||
| Q1 25 | 2.59× | 0.13× | ||
| Q4 24 | 2.70× | 0.14× | ||
| Q3 24 | 2.13× | 0.15× | ||
| Q2 24 | 2.55× | 0.16× | ||
| Q1 24 | 1.38× | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $101.9M | $42.2M |
| 自由现金流率自由现金流/营收 | 10.9% | 5.0% |
| 资本支出强度资本支出/营收 | 2.1% | 15.8% |
| 现金转化率经营现金流/净利润 | 4.84× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $281.0M | $153.7M |
8季度趋势，按日历期对齐
经营现金流LEGMATX
| Q4 25 | $121.5M | $176.9M | ||
| Q3 25 | $125.9M | $175.6M | ||
| Q2 25 | $84.0M | $105.6M | ||
| Q1 25 | $6.8M | $89.0M | ||
| Q4 24 | $122.3M | $174.7M | ||
| Q3 24 | $95.5M | $248.6M | ||
| Q2 24 | $94.0M | $307.9M | ||
| Q1 24 | $-6.1M | $36.6M |
自由现金流LEGMATX
| Q4 25 | $101.9M | $42.2M | ||
| Q3 25 | $110.1M | $92.4M | ||
| Q2 25 | $75.5M | $19.3M | ||
| Q1 25 | $-6.5M | $-200.0K | ||
| Q4 24 | $100.5M | $49.3M | ||
| Q3 24 | $77.1M | $189.0M | ||
| Q2 24 | $78.5M | $238.1M | ||
| Q1 24 | $-32.0M | $-18.7M |
自由现金流率LEGMATX
| Q4 25 | 10.9% | 5.0% | ||
| Q3 25 | 10.6% | 10.5% | ||
| Q2 25 | 7.1% | 2.3% | ||
| Q1 25 | -0.6% | -0.0% | ||
| Q4 24 | 9.5% | 5.5% | ||
| Q3 24 | 7.0% | 19.6% | ||
| Q2 24 | 7.0% | 28.1% | ||
| Q1 24 | -2.9% | -2.6% |
资本支出强度LEGMATX
| Q4 25 | 2.1% | 15.8% | ||
| Q3 25 | 1.5% | 9.5% | ||
| Q2 25 | 0.8% | 10.4% | ||
| Q1 25 | 1.3% | 11.4% | ||
| Q4 24 | 2.1% | 14.1% | ||
| Q3 24 | 1.7% | 6.2% | ||
| Q2 24 | 1.4% | 8.2% | ||
| Q1 24 | 2.4% | 7.7% |
现金转化率LEGMATX
| Q4 25 | 4.84× | 1.24× | ||
| Q3 25 | 0.99× | 1.30× | ||
| Q2 25 | 1.60× | 1.12× | ||
| Q1 25 | 0.22× | 1.23× | ||
| Q4 24 | 8.61× | 1.36× | ||
| Q3 24 | 2.13× | 1.25× | ||
| Q2 24 | — | 2.72× | ||
| Q1 24 | -0.19× | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
