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礼恩派（LEG）与OUTFRONT Media Inc.（OUT）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OUTFRONT Media Inc.的1.8倍（$938.6M vs $513.3M），OUTFRONT Media Inc.净利率更高（18.9% vs 2.7%，领先16.2%），OUTFRONT Media Inc.同比增速更快（4.1% vs -11.2%），礼恩派自由现金流更多（$101.9M vs $93.3M），过去两年OUTFRONT Media Inc.的营收复合增速更高（12.1% 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。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
LEG vs OUT — 直观对比
营收规模更大
LEG
是对方的1.8倍
$513.3M
营收增速更快
OUT
高出15.2%
-11.2%
净利率更高
OUT
高出16.2%
2.7%
自由现金流更多
LEG
多$8.6M
$93.3M
两年增速更快
OUT
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $938.6M | $513.3M |
| 净利润 | $25.1M | $96.8M |
| 毛利率 | 17.9% | — |
| 营业利润率 | 2.0% | 26.0% |
| 净利率 | 2.7% | 18.9% |
| 营收同比 | -11.2% | 4.1% |
| 净利润同比 | 76.8% | 30.8% |
| 每股收益（稀释后） | $0.18 | $0.57 |
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LEGOUT
| Q4 25 | $938.6M | $513.3M | ||
| Q3 25 | $1.0B | $467.5M | ||
| Q2 25 | $1.1B | $460.2M | ||
| Q1 25 | $1.0B | $390.7M | ||
| Q4 24 | $1.1B | $493.2M | ||
| Q3 24 | $1.1B | $451.9M | ||
| Q2 24 | $1.1B | $477.3M | ||
| Q1 24 | $1.1B | $408.5M |
净利润LEGOUT
| Q4 25 | $25.1M | $96.8M | ||
| Q3 25 | $127.1M | $51.3M | ||
| Q2 25 | $52.5M | $19.5M | ||
| Q1 25 | $30.6M | $-20.6M | ||
| Q4 24 | $14.2M | $74.0M | ||
| Q3 24 | $44.9M | $34.6M | ||
| Q2 24 | $-602.2M | $176.8M | ||
| Q1 24 | $31.6M | $-27.2M |
毛利率LEGOUT
| 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LEGOUT
| Q4 25 | 2.0% | 26.0% | ||
| Q3 25 | 14.9% | 19.2% | ||
| Q2 25 | 6.8% | 12.2% | ||
| Q1 25 | 4.4% | 3.6% | ||
| Q4 24 | 2.4% | 22.5% | ||
| Q3 24 | 5.2% | 15.8% | ||
| Q2 24 | -56.2% | 48.0% | ||
| Q1 24 | 3.9% | 3.4% |
净利率LEGOUT
| Q4 25 | 2.7% | 18.9% | ||
| Q3 25 | 12.3% | 11.0% | ||
| Q2 25 | 5.0% | 4.2% | ||
| Q1 25 | 3.0% | -5.3% | ||
| Q4 24 | 1.3% | 15.0% | ||
| Q3 24 | 4.1% | 7.7% | ||
| Q2 24 | -53.4% | 37.0% | ||
| Q1 24 | 2.9% | -6.7% |
每股收益（稀释后）LEGOUT
| Q4 25 | $0.18 | $0.57 | ||
| Q3 25 | $0.91 | $0.29 | ||
| Q2 25 | $0.38 | $0.10 | ||
| Q1 25 | $0.22 | $-0.14 | ||
| Q4 24 | $0.10 | $0.49 | ||
| Q3 24 | $0.33 | $0.19 | ||
| Q2 24 | $-4.39 | $1.01 | ||
| Q1 24 | $0.23 | $-0.18 |
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 | $99.9M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $1.0B | $710.4M |
| 总资产 | $3.5B | $5.3B |
| 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LEGOUT
| Q4 25 | $587.4M | $99.9M | ||
| Q3 25 | $460.7M | $63.0M | ||
| Q2 25 | $368.8M | $28.5M | ||
| Q1 25 | $412.6M | $30.5M | ||
| Q4 24 | $350.2M | $46.9M | ||
| Q3 24 | $277.2M | $28.0M | ||
| Q2 24 | $307.0M | $49.6M | ||
| Q1 24 | $361.3M | $42.4M |
总债务LEGOUT
| 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 | — | ||
| Q1 24 | $1.8B | — |
股东权益LEGOUT
| Q4 25 | $1.0B | $710.4M | ||
| Q3 25 | $971.8M | $542.6M | ||
| Q2 25 | $855.0M | $539.1M | ||
| Q1 25 | $746.8M | $566.9M | ||
| Q4 24 | $689.4M | $649.0M | ||
| Q3 24 | $741.0M | $618.2M | ||
| Q2 24 | $667.6M | $664.9M | ||
| Q1 24 | $1.3B | $524.2M |
总资产LEGOUT
| Q4 25 | $3.5B | $5.3B | ||
| Q3 25 | $3.5B | $5.2B | ||
| Q2 25 | $3.7B | $5.1B | ||
| Q1 25 | $3.7B | $5.1B | ||
| Q4 24 | $3.7B | $5.2B | ||
| Q3 24 | $3.8B | $5.2B | ||
| Q2 24 | $3.8B | $5.3B | ||
| Q1 24 | $4.6B | $5.5B |
负债/权益比LEGOUT
| 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× | — | ||
| 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 | $118.1M |
| 自由现金流经营现金流 - 资本支出 | $101.9M | $93.3M |
| 自由现金流率自由现金流/营收 | 10.9% | 18.2% |
| 资本支出强度资本支出/营收 | 2.1% | 4.8% |
| 现金转化率经营现金流/净利润 | 4.84× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $281.0M | $218.8M |
8季度趋势，按日历期对齐
经营现金流LEGOUT
| Q4 25 | $121.5M | $118.1M | ||
| Q3 25 | $125.9M | $88.8M | ||
| Q2 25 | $84.0M | $67.1M | ||
| Q1 25 | $6.8M | $33.6M | ||
| Q4 24 | $122.3M | $124.5M | ||
| Q3 24 | $95.5M | $73.1M | ||
| Q2 24 | $94.0M | $71.0M | ||
| Q1 24 | $-6.1M | $30.6M |
自由现金流LEGOUT
| Q4 25 | $101.9M | $93.3M | ||
| Q3 25 | $110.1M | $67.7M | ||
| Q2 25 | $75.5M | $41.4M | ||
| Q1 25 | $-6.5M | $16.4M | ||
| Q4 24 | $100.5M | $106.3M | ||
| Q3 24 | $77.1M | $55.5M | ||
| Q2 24 | $78.5M | $47.1M | ||
| Q1 24 | $-32.0M | $12.2M |
自由现金流率LEGOUT
| Q4 25 | 10.9% | 18.2% | ||
| Q3 25 | 10.6% | 14.5% | ||
| Q2 25 | 7.1% | 9.0% | ||
| Q1 25 | -0.6% | 4.2% | ||
| Q4 24 | 9.5% | 21.6% | ||
| Q3 24 | 7.0% | 12.3% | ||
| Q2 24 | 7.0% | 9.9% | ||
| Q1 24 | -2.9% | 3.0% |
资本支出强度LEGOUT
| Q4 25 | 2.1% | 4.8% | ||
| Q3 25 | 1.5% | 4.5% | ||
| Q2 25 | 0.8% | 5.6% | ||
| Q1 25 | 1.3% | 4.4% | ||
| Q4 24 | 2.1% | 3.7% | ||
| Q3 24 | 1.7% | 3.9% | ||
| Q2 24 | 1.4% | 5.0% | ||
| Q1 24 | 2.4% | 4.5% |
现金转化率LEGOUT
| Q4 25 | 4.84× | 1.22× | ||
| Q3 25 | 0.99× | 1.73× | ||
| Q2 25 | 1.60× | 3.44× | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 8.61× | 1.68× | ||
| Q3 24 | 2.13× | 2.11× | ||
| Q2 24 | — | 0.40× | ||
| 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% |
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
