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礼恩派（LEG）与NEWMARK GROUP, INC.（NMRK）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NEWMARK GROUP, INC.的1.1倍（$938.6M vs $859.5M），NEWMARK GROUP, INC.净利率更高（7.9% vs 2.7%，领先5.2%），NEWMARK GROUP, INC.同比增速更快（18.1% vs -11.2%），NEWMARK GROUP, INC.自由现金流更多（$608.8M vs $101.9M），过去两年NEWMARK GROUP, INC.的营收复合增速更高（38.2% 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。
纽马克集团是一家总部位于纽约的全球性商业地产咨询及服务企业，旗下业务以Newmark品牌开展，在纳斯达克全球精选市场上市，股票代码为NMRK，为全球客户提供商业地产领域的多元专业服务。
LEG vs NMRK — 直观对比
营收规模更大
LEG
是对方的1.1倍
$859.5M
营收增速更快
NMRK
高出29.3%
-11.2%
净利率更高
NMRK
高出5.2%
2.7%
自由现金流更多
NMRK
多$506.9M
$101.9M
两年增速更快
NMRK
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $938.6M | $859.5M |
| 净利润 | $25.1M | $68.0M |
| 毛利率 | 17.9% | — |
| 营业利润率 | 2.0% | 14.4% |
| 净利率 | 2.7% | 7.9% |
| 营收同比 | -11.2% | 18.1% |
| 净利润同比 | 76.8% | 49.7% |
| 每股收益（稀释后） | $0.18 | $0.37 |
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LEGNMRK
| Q4 25 | $938.6M | $859.5M | ||
| Q3 25 | $1.0B | $715.0M | ||
| Q2 25 | $1.1B | $639.6M | ||
| Q1 25 | $1.0B | $556.2M | ||
| Q4 24 | $1.1B | $727.5M | ||
| Q3 24 | $1.1B | $568.0M | ||
| Q2 24 | $1.1B | $527.3M | ||
| Q1 24 | $1.1B | $450.2M |
净利润LEGNMRK
| Q4 25 | $25.1M | $68.0M | ||
| Q3 25 | $127.1M | $46.2M | ||
| Q2 25 | $52.5M | $20.8M | ||
| Q1 25 | $30.6M | $-8.8M | ||
| Q4 24 | $14.2M | $45.4M | ||
| Q3 24 | $44.9M | $17.8M | ||
| Q2 24 | $-602.2M | $14.3M | ||
| Q1 24 | $31.6M | $-16.3M |
毛利率LEGNMRK
| 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LEGNMRK
| Q4 25 | 2.0% | 14.4% | ||
| Q3 25 | 14.9% | 11.9% | ||
| Q2 25 | 6.8% | 6.7% | ||
| Q1 25 | 4.4% | -3.1% | ||
| Q4 24 | 2.4% | 14.3% | ||
| Q3 24 | 5.2% | 7.2% | ||
| Q2 24 | -56.2% | 7.7% | ||
| Q1 24 | 3.9% | -5.0% |
净利率LEGNMRK
| Q4 25 | 2.7% | 7.9% | ||
| Q3 25 | 12.3% | 6.5% | ||
| Q2 25 | 5.0% | 3.3% | ||
| Q1 25 | 3.0% | -1.6% | ||
| Q4 24 | 1.3% | 6.2% | ||
| Q3 24 | 4.1% | 3.1% | ||
| Q2 24 | -53.4% | 2.7% | ||
| Q1 24 | 2.9% | -3.6% |
每股收益（稀释后）LEGNMRK
| Q4 25 | $0.18 | $0.37 | ||
| Q3 25 | $0.91 | $0.25 | ||
| Q2 25 | $0.38 | $0.11 | ||
| Q1 25 | $0.22 | $-0.05 | ||
| Q4 24 | $0.10 | $0.25 | ||
| Q3 24 | $0.33 | $0.10 | ||
| Q2 24 | $-4.39 | $0.08 | ||
| Q1 24 | $0.23 | $-0.09 |
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 | $229.1M |
| 总债务越低越好 | $1.5B | $671.7M |
| 股东权益账面价值 | $1.0B | $1.5B |
| 总资产 | $3.5B | $5.0B |
| 负债/权益比越低杠杆越低 | 1.46× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资LEGNMRK
| Q4 25 | $587.4M | $229.1M | ||
| Q3 25 | $460.7M | $224.1M | ||
| Q2 25 | $368.8M | $195.8M | ||
| Q1 25 | $412.6M | $157.1M | ||
| Q4 24 | $350.2M | $197.7M | ||
| Q3 24 | $277.2M | $178.6M | ||
| Q2 24 | $307.0M | $176.4M | ||
| Q1 24 | $361.3M | $140.9M |
总债务LEGNMRK
| Q4 25 | $1.5B | $671.7M | ||
| Q3 25 | $1.5B | $746.5M | ||
| Q2 25 | $1.8B | $871.2M | ||
| Q1 25 | $1.9B | $770.9M | ||
| Q4 24 | $1.9B | $670.7M | ||
| Q3 24 | $1.6B | $770.4M | ||
| Q2 24 | $1.7B | $745.2M | ||
| Q1 24 | $1.8B | $670.2M |
股东权益LEGNMRK
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $971.8M | $1.4B | ||
| Q2 25 | $855.0M | $1.3B | ||
| Q1 25 | $746.8M | $1.3B | ||
| Q4 24 | $689.4M | $1.2B | ||
| Q3 24 | $741.0M | $1.2B | ||
| Q2 24 | $667.6M | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
总资产LEGNMRK
| Q4 25 | $3.5B | $5.0B | ||
| Q3 25 | $3.5B | $5.5B | ||
| Q2 25 | $3.7B | $5.4B | ||
| Q1 25 | $3.7B | $4.8B | ||
| Q4 24 | $3.7B | $4.7B | ||
| Q3 24 | $3.8B | $5.0B | ||
| Q2 24 | $3.8B | $4.8B | ||
| Q1 24 | $4.6B | $4.4B |
负债/权益比LEGNMRK
| Q4 25 | 1.46× | 0.46× | ||
| Q3 25 | 1.54× | 0.55× | ||
| Q2 25 | 2.10× | 0.68× | ||
| Q1 25 | 2.59× | 0.58× | ||
| Q4 24 | 2.70× | 0.56× | ||
| Q3 24 | 2.13× | 0.66× | ||
| Q2 24 | 2.55× | 0.62× | ||
| Q1 24 | 1.38× | 0.54× |
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 | $618.5M |
| 自由现金流经营现金流 - 资本支出 | $101.9M | $608.8M |
| 自由现金流率自由现金流/营收 | 10.9% | 70.8% |
| 资本支出强度资本支出/营收 | 2.1% | 1.1% |
| 现金转化率经营现金流/净利润 | 4.84× | 9.10× |
| 过去12个月自由现金流最近4个季度 | $281.0M | $142.6M |
8季度趋势，按日历期对齐
经营现金流LEGNMRK
| Q4 25 | $121.5M | $618.5M | ||
| Q3 25 | $125.9M | $112.6M | ||
| Q2 25 | $84.0M | $-379.7M | ||
| Q1 25 | $6.8M | $-179.4M | ||
| Q4 24 | $122.3M | $402.6M | ||
| Q3 24 | $95.5M | $-85.2M | ||
| Q2 24 | $94.0M | $-258.5M | ||
| Q1 24 | $-6.1M | $-68.8M |
自由现金流LEGNMRK
| Q4 25 | $101.9M | $608.8M | ||
| Q3 25 | $110.1M | $104.9M | ||
| Q2 25 | $75.5M | $-386.2M | ||
| Q1 25 | $-6.5M | $-184.8M | ||
| Q4 24 | $100.5M | $396.6M | ||
| Q3 24 | $77.1M | $-94.4M | ||
| Q2 24 | $78.5M | $-267.8M | ||
| Q1 24 | $-32.0M | $-75.8M |
自由现金流率LEGNMRK
| Q4 25 | 10.9% | 70.8% | ||
| Q3 25 | 10.6% | 14.7% | ||
| Q2 25 | 7.1% | -60.4% | ||
| Q1 25 | -0.6% | -33.2% | ||
| Q4 24 | 9.5% | 54.5% | ||
| Q3 24 | 7.0% | -16.6% | ||
| Q2 24 | 7.0% | -50.8% | ||
| Q1 24 | -2.9% | -16.8% |
资本支出强度LEGNMRK
| Q4 25 | 2.1% | 1.1% | ||
| Q3 25 | 1.5% | 1.1% | ||
| Q2 25 | 0.8% | 1.0% | ||
| Q1 25 | 1.3% | 1.0% | ||
| Q4 24 | 2.1% | 0.8% | ||
| Q3 24 | 1.7% | 1.6% | ||
| Q2 24 | 1.4% | 1.8% | ||
| Q1 24 | 2.4% | 1.6% |
现金转化率LEGNMRK
| Q4 25 | 4.84× | 9.10× | ||
| Q3 25 | 0.99× | 2.44× | ||
| Q2 25 | 1.60× | -18.24× | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 8.61× | 8.86× | ||
| Q3 24 | 2.13× | -4.79× | ||
| Q2 24 | — | -18.10× | ||
| 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% |
NMRK
| Management Services | $263.1M | 31% |
| Investment Advice | $200.1M | 23% |
| Mortgage Brokerage And Debt Placement | $83.1M | 10% |
| Servicing Fees And Other | $80.7M | 9% |
| GB | $69.0M | 8% |
| Other Geographical Areas | $63.6M | 7% |
| Servicing | $36.2M | 4% |
| Other | $34.2M | 4% |
| Loan Originations Related Fees And Sales Premiums Net | $29.6M | 3% |
