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礼恩派（LEG）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是礼恩派的1.5倍（$1.4B vs $938.6M），瑞思迈净利率更高（27.6% vs 2.7%，领先24.9%），瑞思迈同比增速更快（11.0% vs -11.2%），瑞思迈自由现金流更多（$311.2M vs $101.9M），过去两年瑞思迈的营收复合增速更高（9.0% 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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
LEG vs RMD — 直观对比
营收规模更大
RMD
是对方的1.5倍
$938.6M
营收增速更快
RMD
高出22.1%
-11.2%
净利率更高
RMD
高出24.9%
2.7%
自由现金流更多
RMD
多$209.3M
$101.9M
两年增速更快
RMD
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $938.6M | $1.4B |
| 净利润 | $25.1M | $392.6M |
| 毛利率 | 17.9% | 61.8% |
| 营业利润率 | 2.0% | 34.6% |
| 净利率 | 2.7% | 27.6% |
| 营收同比 | -11.2% | 11.0% |
| 净利润同比 | 76.8% | 13.9% |
| 每股收益（稀释后） | $0.18 | $2.68 |
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LEGRMD
| Q4 25 | $938.6M | $1.4B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.1B | $1.2B |
净利润LEGRMD
| Q4 25 | $25.1M | $392.6M | ||
| Q3 25 | $127.1M | $348.5M | ||
| Q2 25 | $52.5M | $379.7M | ||
| Q1 25 | $30.6M | $365.0M | ||
| Q4 24 | $14.2M | $344.6M | ||
| Q3 24 | $44.9M | $311.4M | ||
| Q2 24 | $-602.2M | $292.2M | ||
| Q1 24 | $31.6M | $300.5M |
毛利率LEGRMD
| Q4 25 | 17.9% | 61.8% | ||
| Q3 25 | 18.7% | 61.5% | ||
| Q2 25 | 18.2% | 60.8% | ||
| Q1 25 | 18.6% | 59.3% | ||
| Q4 24 | 16.6% | 58.6% | ||
| Q3 24 | 18.2% | 58.6% | ||
| Q2 24 | 16.5% | 58.5% | ||
| Q1 24 | 17.0% | 57.9% |
营业利润率LEGRMD
| Q4 25 | 2.0% | 34.6% | ||
| Q3 25 | 14.9% | 33.4% | ||
| Q2 25 | 6.8% | 33.7% | ||
| Q1 25 | 4.4% | 33.0% | ||
| Q4 24 | 2.4% | 32.5% | ||
| Q3 24 | 5.2% | 31.6% | ||
| Q2 24 | -56.2% | 31.2% | ||
| Q1 24 | 3.9% | 31.3% |
净利率LEGRMD
| Q4 25 | 2.7% | 27.6% | ||
| Q3 25 | 12.3% | 26.1% | ||
| Q2 25 | 5.0% | 28.2% | ||
| Q1 25 | 3.0% | 28.3% | ||
| Q4 24 | 1.3% | 26.9% | ||
| Q3 24 | 4.1% | 25.4% | ||
| Q2 24 | -53.4% | 23.9% | ||
| Q1 24 | 2.9% | 25.1% |
每股收益（稀释后）LEGRMD
| Q4 25 | $0.18 | $2.68 | ||
| Q3 25 | $0.91 | $2.37 | ||
| Q2 25 | $0.38 | $2.58 | ||
| Q1 25 | $0.22 | $2.48 | ||
| Q4 24 | $0.10 | $2.34 | ||
| Q3 24 | $0.33 | $2.11 | ||
| Q2 24 | $-4.39 | $1.97 | ||
| Q1 24 | $0.23 | $2.04 |
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 | $1.4B |
| 总债务越低越好 | $1.5B | $403.9M |
| 股东权益账面价值 | $1.0B | $6.3B |
| 总资产 | $3.5B | $8.5B |
| 负债/权益比越低杠杆越低 | 1.46× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资LEGRMD
| Q4 25 | $587.4M | $1.4B | ||
| Q3 25 | $460.7M | $1.4B | ||
| Q2 25 | $368.8M | $1.2B | ||
| Q1 25 | $412.6M | $932.7M | ||
| Q4 24 | $350.2M | $521.9M | ||
| Q3 24 | $277.2M | $426.4M | ||
| Q2 24 | $307.0M | $238.4M | ||
| Q1 24 | $361.3M | $237.9M |
总债务LEGRMD
| Q4 25 | $1.5B | $403.9M | ||
| Q3 25 | $1.5B | $408.7M | ||
| Q2 25 | $1.8B | $658.4M | ||
| Q1 25 | $1.9B | $663.1M | ||
| Q4 24 | $1.9B | $662.9M | ||
| Q3 24 | $1.6B | $667.6M | ||
| Q2 24 | $1.7B | $697.3M | ||
| Q1 24 | $1.8B | $997.0M |
股东权益LEGRMD
| Q4 25 | $1.0B | $6.3B | ||
| Q3 25 | $971.8M | $6.1B | ||
| Q2 25 | $855.0M | $6.0B | ||
| Q1 25 | $746.8M | $5.5B | ||
| Q4 24 | $689.4M | $5.3B | ||
| Q3 24 | $741.0M | $5.2B | ||
| Q2 24 | $667.6M | $4.9B | ||
| Q1 24 | $1.3B | $4.6B |
总资产LEGRMD
| Q4 25 | $3.5B | $8.5B | ||
| Q3 25 | $3.5B | $8.3B | ||
| Q2 25 | $3.7B | $8.2B | ||
| Q1 25 | $3.7B | $7.6B | ||
| Q4 24 | $3.7B | $7.1B | ||
| Q3 24 | $3.8B | $7.2B | ||
| Q2 24 | $3.8B | $6.9B | ||
| Q1 24 | $4.6B | $6.8B |
负债/权益比LEGRMD
| Q4 25 | 1.46× | 0.06× | ||
| Q3 25 | 1.54× | 0.07× | ||
| Q2 25 | 2.10× | 0.11× | ||
| Q1 25 | 2.59× | 0.12× | ||
| Q4 24 | 2.70× | 0.13× | ||
| Q3 24 | 2.13× | 0.13× | ||
| Q2 24 | 2.55× | 0.14× | ||
| Q1 24 | 1.38× | 0.22× |
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 | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $101.9M | $311.2M |
| 自由现金流率自由现金流/营收 | 10.9% | 21.9% |
| 资本支出强度资本支出/营收 | 2.1% | 2.0% |
| 现金转化率经营现金流/净利润 | 4.84× | 0.87× |
| 过去12个月自由现金流最近4个季度 | $281.0M | $1.8B |
8季度趋势，按日历期对齐
经营现金流LEGRMD
| Q4 25 | $121.5M | $339.7M | ||
| Q3 25 | $125.9M | $457.3M | ||
| Q2 25 | $84.0M | $538.8M | ||
| Q1 25 | $6.8M | $578.7M | ||
| Q4 24 | $122.3M | $308.6M | ||
| Q3 24 | $95.5M | $325.5M | ||
| Q2 24 | $94.0M | $440.1M | ||
| Q1 24 | $-6.1M | $402.0M |
自由现金流LEGRMD
| Q4 25 | $101.9M | $311.2M | ||
| Q3 25 | $110.1M | $414.4M | ||
| Q2 25 | $75.5M | $508.2M | ||
| Q1 25 | $-6.5M | $557.9M | ||
| Q4 24 | $100.5M | $288.0M | ||
| Q3 24 | $77.1M | $307.7M | ||
| Q2 24 | $78.5M | $415.2M | ||
| Q1 24 | $-32.0M | $380.8M |
自由现金流率LEGRMD
| Q4 25 | 10.9% | 21.9% | ||
| Q3 25 | 10.6% | 31.0% | ||
| Q2 25 | 7.1% | 37.7% | ||
| Q1 25 | -0.6% | 43.2% | ||
| Q4 24 | 9.5% | 22.5% | ||
| Q3 24 | 7.0% | 25.1% | ||
| Q2 24 | 7.0% | 33.9% | ||
| Q1 24 | -2.9% | 31.8% |
资本支出强度LEGRMD
| Q4 25 | 2.1% | 2.0% | ||
| Q3 25 | 1.5% | 3.2% | ||
| Q2 25 | 0.8% | 2.3% | ||
| Q1 25 | 1.3% | 1.6% | ||
| Q4 24 | 2.1% | 1.6% | ||
| Q3 24 | 1.7% | 1.5% | ||
| Q2 24 | 1.4% | 2.0% | ||
| Q1 24 | 2.4% | 1.8% |
现金转化率LEGRMD
| Q4 25 | 4.84× | 0.87× | ||
| Q3 25 | 0.99× | 1.31× | ||
| Q2 25 | 1.60× | 1.42× | ||
| Q1 25 | 0.22× | 1.59× | ||
| Q4 24 | 8.61× | 0.90× | ||
| Q3 24 | 2.13× | 1.05× | ||
| Q2 24 | — | 1.51× | ||
| Q1 24 | -0.19× | 1.34× |
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% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
