vs
礼恩派（LEG）与PORTLAND GENERAL ELECTRIC CO（POR）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PORTLAND GENERAL ELECTRIC CO的1.1倍（$938.6M vs $889.0M），PORTLAND GENERAL ELECTRIC CO净利率更高（4.6% vs 2.7%，领先1.9%），PORTLAND GENERAL ELECTRIC CO同比增速更快（7.9% vs -11.2%），礼恩派自由现金流更多（$101.9M vs $-142.0M），过去两年PORTLAND GENERAL ELECTRIC CO的营收复合增速更高（-2.2% 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。
波特兰通用电气（简称PGE）是财富1000强上市能源企业，总部位于美国俄勒冈州波特兰，业务覆盖发电、输电、配电全链路，为俄勒冈州近三分之二的工商业活动提供电力服务，受俄勒冈州公用事业委员会监管，前身为1888年成立的威拉米特瀑布电气公司。
LEG vs POR — 直观对比
营收规模更大
LEG
是对方的1.1倍
$889.0M
营收增速更快
POR
高出19.0%
-11.2%
净利率更高
POR
高出1.9%
2.7%
自由现金流更多
LEG
多$243.9M
$-142.0M
两年增速更快
POR
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $938.6M | $889.0M |
| 净利润 | $25.1M | $41.0M |
| 毛利率 | 17.9% | — |
| 营业利润率 | 2.0% | 10.7% |
| 净利率 | 2.7% | 4.6% |
| 营收同比 | -11.2% | 7.9% |
| 净利润同比 | 76.8% | 7.9% |
| 每股收益（稀释后） | $0.18 | $0.36 |
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LEGPOR
| Q4 25 | $938.6M | $889.0M | ||
| Q3 25 | $1.0B | $952.0M | ||
| Q2 25 | $1.1B | $807.0M | ||
| Q1 25 | $1.0B | $928.0M | ||
| Q4 24 | $1.1B | $824.0M | ||
| Q3 24 | $1.1B | $929.0M | ||
| Q2 24 | $1.1B | $758.0M | ||
| Q1 24 | $1.1B | $929.0M |
净利润LEGPOR
| Q4 25 | $25.1M | $41.0M | ||
| Q3 25 | $127.1M | $103.0M | ||
| Q2 25 | $52.5M | $62.0M | ||
| Q1 25 | $30.6M | $100.0M | ||
| Q4 24 | $14.2M | $38.0M | ||
| Q3 24 | $44.9M | $94.0M | ||
| Q2 24 | $-602.2M | $72.0M | ||
| Q1 24 | $31.6M | $109.0M |
毛利率LEGPOR
| 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LEGPOR
| Q4 25 | 2.0% | 10.7% | ||
| Q3 25 | 14.9% | 18.3% | ||
| Q2 25 | 6.8% | 14.6% | ||
| Q1 25 | 4.4% | 18.1% | ||
| Q4 24 | 2.4% | 10.7% | ||
| Q3 24 | 5.2% | 15.7% | ||
| Q2 24 | -56.2% | 15.3% | ||
| Q1 24 | 3.9% | 17.4% |
净利率LEGPOR
| Q4 25 | 2.7% | 4.6% | ||
| Q3 25 | 12.3% | 10.8% | ||
| Q2 25 | 5.0% | 7.7% | ||
| Q1 25 | 3.0% | 10.8% | ||
| Q4 24 | 1.3% | 4.6% | ||
| Q3 24 | 4.1% | 10.1% | ||
| Q2 24 | -53.4% | 9.5% | ||
| Q1 24 | 2.9% | 11.7% |
每股收益（稀释后）LEGPOR
| Q4 25 | $0.18 | $0.36 | ||
| Q3 25 | $0.91 | $0.94 | ||
| Q2 25 | $0.38 | $0.56 | ||
| Q1 25 | $0.22 | $0.91 | ||
| Q4 24 | $0.10 | $0.34 | ||
| Q3 24 | $0.33 | $0.90 | ||
| Q2 24 | $-4.39 | $0.69 | ||
| Q1 24 | $0.23 | $1.08 |
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 | — |
| 总债务越低越好 | $1.5B | $4.7B |
| 股东权益账面价值 | $1.0B | $4.1B |
| 总资产 | $3.5B | $13.2B |
| 负债/权益比越低杠杆越低 | 1.46× | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资LEGPOR
| Q4 25 | $587.4M | — | ||
| Q3 25 | $460.7M | — | ||
| 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LEGPOR
| Q4 25 | $1.5B | $4.7B | ||
| Q3 25 | $1.5B | $4.7B | ||
| Q2 25 | $1.8B | $4.7B | ||
| Q1 25 | $1.9B | $4.7B | ||
| Q4 24 | $1.9B | $4.5B | ||
| Q3 24 | $1.6B | $4.4B | ||
| Q2 24 | $1.7B | $4.4B | ||
| Q1 24 | $1.8B | $4.4B |
股东权益LEGPOR
| Q4 25 | $1.0B | $4.1B | ||
| Q3 25 | $971.8M | $4.0B | ||
| Q2 25 | $855.0M | $3.9B | ||
| Q1 25 | $746.8M | $3.8B | ||
| Q4 24 | $689.4M | $3.8B | ||
| Q3 24 | $741.0M | $3.6B | ||
| Q2 24 | $667.6M | $3.5B | ||
| Q1 24 | $1.3B | $3.5B |
总资产LEGPOR
| Q4 25 | $3.5B | $13.2B | ||
| Q3 25 | $3.5B | $13.0B | ||
| Q2 25 | $3.7B | $12.7B | ||
| Q1 25 | $3.7B | $12.7B | ||
| Q4 24 | $3.7B | $12.5B | ||
| Q3 24 | $3.8B | $11.9B | ||
| Q2 24 | $3.8B | $11.6B | ||
| Q1 24 | $4.6B | $11.6B |
负债/权益比LEGPOR
| Q4 25 | 1.46× | 1.13× | ||
| Q3 25 | 1.54× | 1.20× | ||
| Q2 25 | 2.10× | 1.23× | ||
| Q1 25 | 2.59× | 1.23× | ||
| Q4 24 | 2.70× | 1.20× | ||
| Q3 24 | 2.13× | 1.22× | ||
| Q2 24 | 2.55× | 1.27× | ||
| Q1 24 | 1.38× | 1.28× |
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 | $148.0M |
| 自由现金流经营现金流 - 资本支出 | $101.9M | $-142.0M |
| 自由现金流率自由现金流/营收 | 10.9% | -16.0% |
| 资本支出强度资本支出/营收 | 2.1% | 32.6% |
| 现金转化率经营现金流/净利润 | 4.84× | 3.61× |
| 过去12个月自由现金流最近4个季度 | $281.0M | $-71.0M |
8季度趋势，按日历期对齐
经营现金流LEGPOR
| Q4 25 | $121.5M | $148.0M | ||
| Q3 25 | $125.9M | $403.0M | ||
| Q2 25 | $84.0M | $336.0M | ||
| Q1 25 | $6.8M | $231.0M | ||
| Q4 24 | $122.3M | $170.0M | ||
| Q3 24 | $95.5M | $244.0M | ||
| Q2 24 | $94.0M | $189.0M | ||
| Q1 24 | $-6.1M | $175.0M |
自由现金流LEGPOR
| Q4 25 | $101.9M | $-142.0M | ||
| Q3 25 | $110.1M | $100.0M | ||
| Q2 25 | $75.5M | $99.0M | ||
| Q1 25 | $-6.5M | $-128.0M | ||
| Q4 24 | $100.5M | $-222.0M | ||
| Q3 24 | $77.1M | $-9.0M | ||
| Q2 24 | $78.5M | $-109.0M | ||
| Q1 24 | $-32.0M | $-150.0M |
自由现金流率LEGPOR
| Q4 25 | 10.9% | -16.0% | ||
| Q3 25 | 10.6% | 10.5% | ||
| Q2 25 | 7.1% | 12.3% | ||
| Q1 25 | -0.6% | -13.8% | ||
| Q4 24 | 9.5% | -26.9% | ||
| Q3 24 | 7.0% | -1.0% | ||
| Q2 24 | 7.0% | -14.4% | ||
| Q1 24 | -2.9% | -16.1% |
资本支出强度LEGPOR
| Q4 25 | 2.1% | 32.6% | ||
| Q3 25 | 1.5% | 31.8% | ||
| Q2 25 | 0.8% | 29.4% | ||
| Q1 25 | 1.3% | 38.7% | ||
| Q4 24 | 2.1% | 47.6% | ||
| Q3 24 | 1.7% | 27.2% | ||
| Q2 24 | 1.4% | 39.3% | ||
| Q1 24 | 2.4% | 35.0% |
现金转化率LEGPOR
| Q4 25 | 4.84× | 3.61× | ||
| Q3 25 | 0.99× | 3.91× | ||
| Q2 25 | 1.60× | 5.42× | ||
| Q1 25 | 0.22× | 2.31× | ||
| Q4 24 | 8.61× | 4.47× | ||
| Q3 24 | 2.13× | 2.60× | ||
| Q2 24 | — | 2.63× | ||
| Q1 24 | -0.19× | 1.61× |
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% |
POR
| Other | $507.0M | 57% |
| Commercial | $231.0M | 26% |
| Industrial | $140.0M | 16% |
| Direct Accesscustomers | $11.0M | 1% |
