vs
礼恩派（LEG）与赫曼米勒（MLKN）财务数据对比。点击上方公司名可切换其他公司
赫曼米勒的季度营收约是礼恩派的1.0倍（$955.2M vs $938.6M），礼恩派净利率更高（2.7% vs 2.5%，领先0.1%），赫曼米勒同比增速更快（-1.6% vs -11.2%），礼恩派自由现金流更多（$101.9M vs $34.0M）
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。
米勒诺尔公司以赫曼米勒之名开展业务，是美国知名办公家具、设备及家居产品制造商。其推出的埃隆椅、野口勇茶几、棉花糖沙发、米拉椅、伊姆斯休闲椅等产品享誉全球，此外该公司还在1968年研发出了现代办公隔间。
LEG vs MLKN — 直观对比
营收规模更大
MLKN
是对方的1.0倍
$938.6M
营收增速更快
MLKN
高出9.6%
-11.2%
净利率更高
LEG
高出0.1%
2.5%
自由现金流更多
LEG
多$67.9M
$34.0M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $938.6M | $955.2M |
| 净利润 | $25.1M | $24.2M |
| 毛利率 | 17.9% | 39.0% |
| 营业利润率 | 2.0% | 5.1% |
| 净利率 | 2.7% | 2.5% |
| 营收同比 | -11.2% | -1.6% |
| 净利润同比 | 76.8% | -29.0% |
| 每股收益（稀释后） | $0.18 | $0.35 |
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LEGMLKN
| Q4 25 | $938.6M | $955.2M | ||
| Q3 25 | $1.0B | $955.7M | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
净利润LEGMLKN
| Q4 25 | $25.1M | $24.2M | ||
| Q3 25 | $127.1M | $20.2M | ||
| Q2 25 | $52.5M | — | ||
| Q1 25 | $30.6M | — | ||
| Q4 24 | $14.2M | — | ||
| Q3 24 | $44.9M | — | ||
| Q2 24 | $-602.2M | — | ||
| Q1 24 | $31.6M | — |
毛利率LEGMLKN
| Q4 25 | 17.9% | 39.0% | ||
| Q3 25 | 18.7% | 38.5% | ||
| 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LEGMLKN
| Q4 25 | 2.0% | 5.1% | ||
| Q3 25 | 14.9% | 5.6% | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 5.2% | — | ||
| Q2 24 | -56.2% | — | ||
| Q1 24 | 3.9% | — |
净利率LEGMLKN
| Q4 25 | 2.7% | 2.5% | ||
| Q3 25 | 12.3% | 2.1% | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | -53.4% | — | ||
| Q1 24 | 2.9% | — |
每股收益（稀释后）LEGMLKN
| Q4 25 | $0.18 | $0.35 | ||
| Q3 25 | $0.91 | $0.29 | ||
| Q2 25 | $0.38 | — | ||
| Q1 25 | $0.22 | — | ||
| Q4 24 | $0.10 | — | ||
| Q3 24 | $0.33 | — | ||
| Q2 24 | $-4.39 | — | ||
| Q1 24 | $0.23 | — |
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 | $180.4M |
| 总债务越低越好 | $1.5B | $1.3B |
| 股东权益账面价值 | $1.0B | $1.3B |
| 总资产 | $3.5B | $3.9B |
| 负债/权益比越低杠杆越低 | 1.46× | 1.02× |
8季度趋势，按日历期对齐
现金及短期投资LEGMLKN
| Q4 25 | $587.4M | $180.4M | ||
| Q3 25 | $460.7M | $167.2M | ||
| Q2 25 | $368.8M | — | ||
| Q1 25 | $412.6M | — | ||
| Q4 24 | $350.2M | — | ||
| Q3 24 | $277.2M | — | ||
| Q2 24 | $307.0M | — | ||
| Q1 24 | $361.3M | — |
总债务LEGMLKN
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.8B | — |
股东权益LEGMLKN
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $971.8M | $1.3B | ||
| Q2 25 | $855.0M | — | ||
| Q1 25 | $746.8M | — | ||
| Q4 24 | $689.4M | — | ||
| Q3 24 | $741.0M | — | ||
| Q2 24 | $667.6M | — | ||
| Q1 24 | $1.3B | — |
总资产LEGMLKN
| Q4 25 | $3.5B | $3.9B | ||
| Q3 25 | $3.5B | $3.9B | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.8B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $4.6B | — |
负债/权益比LEGMLKN
| Q4 25 | 1.46× | 1.02× | ||
| Q3 25 | 1.54× | 1.02× | ||
| Q2 25 | 2.10× | — | ||
| Q1 25 | 2.59× | — | ||
| Q4 24 | 2.70× | — | ||
| Q3 24 | 2.13× | — | ||
| Q2 24 | 2.55× | — | ||
| Q1 24 | 1.38× | — |
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 | $64.6M |
| 自由现金流经营现金流 - 资本支出 | $101.9M | $34.0M |
| 自由现金流率自由现金流/营收 | 10.9% | 3.6% |
| 资本支出强度资本支出/营收 | 2.1% | 3.2% |
| 现金转化率经营现金流/净利润 | 4.84× | 2.67× |
| 过去12个月自由现金流最近4个季度 | $281.0M | — |
8季度趋势，按日历期对齐
经营现金流LEGMLKN
| Q4 25 | $121.5M | $64.6M | ||
| Q3 25 | $125.9M | $9.4M | ||
| Q2 25 | $84.0M | — | ||
| Q1 25 | $6.8M | — | ||
| Q4 24 | $122.3M | — | ||
| Q3 24 | $95.5M | — | ||
| Q2 24 | $94.0M | — | ||
| Q1 24 | $-6.1M | — |
自由现金流LEGMLKN
| Q4 25 | $101.9M | $34.0M | ||
| Q3 25 | $110.1M | $-21.3M | ||
| Q2 25 | $75.5M | — | ||
| Q1 25 | $-6.5M | — | ||
| Q4 24 | $100.5M | — | ||
| Q3 24 | $77.1M | — | ||
| Q2 24 | $78.5M | — | ||
| Q1 24 | $-32.0M | — |
自由现金流率LEGMLKN
| Q4 25 | 10.9% | 3.6% | ||
| Q3 25 | 10.6% | -2.2% | ||
| Q2 25 | 7.1% | — | ||
| Q1 25 | -0.6% | — | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 7.0% | — | ||
| Q2 24 | 7.0% | — | ||
| Q1 24 | -2.9% | — |
资本支出强度LEGMLKN
| Q4 25 | 2.1% | 3.2% | ||
| Q3 25 | 1.5% | 3.2% | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 2.4% | — |
现金转化率LEGMLKN
| Q4 25 | 4.84× | 2.67× | ||
| Q3 25 | 0.99× | 0.47× | ||
| Q2 25 | 1.60× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 8.61× | — | ||
| Q3 24 | 2.13× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.19× | — |
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% |
MLKN
| Workplace | $309.9M | 32% |
| Global Retail Segment | $275.8M | 29% |
| International Contract Segment | $170.9M | 18% |
| Performance Seating | $101.1M | 11% |
| Lifestyle | $52.9M | 6% |
| Other Products | $44.6M | 5% |
