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礼恩派（LEG）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是礼恩派的1.6倍（$1.5B vs $938.6M），礼恩派净利率更高（2.7% vs -3.1%，领先5.8%），礼恩派同比增速更快（-11.2% vs -11.9%），礼恩派自由现金流更多（$101.9M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
LEG vs RXO — 直观对比
营收规模更大
RXO
是对方的1.6倍
$938.6M
营收增速更快
LEG
高出0.7%
-11.9%
净利率更高
LEG
高出5.8%
-3.1%
自由现金流更多
LEG
多$110.9M
$-9.0M
两年增速更快
RXO
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $938.6M | $1.5B |
| 净利润 | $25.1M | $-46.0M |
| 毛利率 | 17.9% | — |
| 营业利润率 | 2.0% | -2.9% |
| 净利率 | 2.7% | -3.1% |
| 营收同比 | -11.2% | -11.9% |
| 净利润同比 | 76.8% | -84.0% |
| 每股收益（稀释后） | $0.18 | $-0.28 |
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LEGRXO
| Q4 25 | $938.6M | $1.5B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.1B | $930.0M | ||
| Q1 24 | $1.1B | $913.0M |
净利润LEGRXO
| Q4 25 | $25.1M | $-46.0M | ||
| Q3 25 | $127.1M | $-14.0M | ||
| Q2 25 | $52.5M | $-9.0M | ||
| Q1 25 | $30.6M | $-31.0M | ||
| Q4 24 | $14.2M | $-25.0M | ||
| Q3 24 | $44.9M | $-243.0M | ||
| Q2 24 | $-602.2M | $-7.0M | ||
| Q1 24 | $31.6M | $-15.0M |
毛利率LEGRXO
| 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LEGRXO
| Q4 25 | 2.0% | -2.9% | ||
| Q3 25 | 14.9% | -0.5% | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 4.4% | -2.1% | ||
| Q4 24 | 2.4% | -1.4% | ||
| Q3 24 | 5.2% | -1.9% | ||
| Q2 24 | -56.2% | — | ||
| Q1 24 | 3.9% | -1.3% |
净利率LEGRXO
| Q4 25 | 2.7% | -3.1% | ||
| Q3 25 | 12.3% | -1.0% | ||
| Q2 25 | 5.0% | -0.6% | ||
| Q1 25 | 3.0% | -2.2% | ||
| Q4 24 | 1.3% | -1.5% | ||
| Q3 24 | 4.1% | -23.4% | ||
| Q2 24 | -53.4% | -0.8% | ||
| Q1 24 | 2.9% | -1.6% |
每股收益（稀释后）LEGRXO
| Q4 25 | $0.18 | $-0.28 | ||
| Q3 25 | $0.91 | $-0.08 | ||
| Q2 25 | $0.38 | $-0.05 | ||
| Q1 25 | $0.22 | $-0.18 | ||
| Q4 24 | $0.10 | $-0.17 | ||
| Q3 24 | $0.33 | $-1.81 | ||
| Q2 24 | $-4.39 | $-0.06 | ||
| Q1 24 | $0.23 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $1.5B | $387.0M |
| 股东权益账面价值 | $1.0B | $1.5B |
| 总资产 | $3.5B | $3.3B |
| 负债/权益比越低杠杆越低 | 1.46× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资LEGRXO
| Q4 25 | $587.4M | $17.0M | ||
| Q3 25 | $460.7M | $25.0M | ||
| Q2 25 | $368.8M | $18.0M | ||
| Q1 25 | $412.6M | $16.0M | ||
| Q4 24 | $350.2M | $35.0M | ||
| Q3 24 | $277.2M | $55.0M | ||
| Q2 24 | $307.0M | $7.0M | ||
| Q1 24 | $361.3M | $7.0M |
总债务LEGRXO
| Q4 25 | $1.5B | $387.0M | ||
| Q3 25 | $1.5B | $387.0M | ||
| Q2 25 | $1.8B | $387.0M | ||
| Q1 25 | $1.9B | $387.0M | ||
| Q4 24 | $1.9B | $351.0M | ||
| Q3 24 | $1.6B | $352.0M | ||
| Q2 24 | $1.7B | $370.0M | ||
| Q1 24 | $1.8B | $351.0M |
股东权益LEGRXO
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $971.8M | $1.6B | ||
| Q2 25 | $855.0M | $1.6B | ||
| Q1 25 | $746.8M | $1.6B | ||
| Q4 24 | $689.4M | $1.6B | ||
| Q3 24 | $741.0M | $1.7B | ||
| Q2 24 | $667.6M | $579.0M | ||
| Q1 24 | $1.3B | $582.0M |
总资产LEGRXO
| Q4 25 | $3.5B | $3.3B | ||
| Q3 25 | $3.5B | $3.2B | ||
| Q2 25 | $3.7B | $3.2B | ||
| Q1 25 | $3.7B | $3.3B | ||
| Q4 24 | $3.7B | $3.4B | ||
| Q3 24 | $3.8B | $3.4B | ||
| Q2 24 | $3.8B | $1.8B | ||
| Q1 24 | $4.6B | $1.8B |
负债/权益比LEGRXO
| Q4 25 | 1.46× | 0.25× | ||
| Q3 25 | 1.54× | 0.24× | ||
| Q2 25 | 2.10× | 0.24× | ||
| Q1 25 | 2.59× | 0.24× | ||
| Q4 24 | 2.70× | 0.22× | ||
| Q3 24 | 2.13× | 0.21× | ||
| Q2 24 | 2.55× | 0.64× | ||
| Q1 24 | 1.38× | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $101.9M | $-9.0M |
| 自由现金流率自由现金流/营收 | 10.9% | -0.6% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $281.0M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流LEGRXO
| Q4 25 | $121.5M | $7.0M | ||
| Q3 25 | $125.9M | $23.0M | ||
| Q2 25 | $84.0M | $23.0M | ||
| Q1 25 | $6.8M | $-2.0M | ||
| Q4 24 | $122.3M | $-7.0M | ||
| Q3 24 | $95.5M | $-7.0M | ||
| Q2 24 | $94.0M | $-5.0M | ||
| Q1 24 | $-6.1M | $7.0M |
自由现金流LEGRXO
| Q4 25 | $101.9M | $-9.0M | ||
| Q3 25 | $110.1M | $9.0M | ||
| Q2 25 | $75.5M | $9.0M | ||
| Q1 25 | $-6.5M | $-17.0M | ||
| Q4 24 | $100.5M | $-19.0M | ||
| Q3 24 | $77.1M | $-18.0M | ||
| Q2 24 | $78.5M | $-16.0M | ||
| Q1 24 | $-32.0M | $-4.0M |
自由现金流率LEGRXO
| Q4 25 | 10.9% | -0.6% | ||
| Q3 25 | 10.6% | 0.6% | ||
| Q2 25 | 7.1% | 0.6% | ||
| Q1 25 | -0.6% | -1.2% | ||
| Q4 24 | 9.5% | -1.1% | ||
| Q3 24 | 7.0% | -1.7% | ||
| Q2 24 | 7.0% | -1.7% | ||
| Q1 24 | -2.9% | -0.4% |
资本支出强度LEGRXO
| Q4 25 | 2.1% | 1.1% | ||
| Q3 25 | 1.5% | 1.0% | ||
| Q2 25 | 0.8% | 1.0% | ||
| Q1 25 | 1.3% | 1.0% | ||
| Q4 24 | 2.1% | 0.7% | ||
| Q3 24 | 1.7% | 1.1% | ||
| Q2 24 | 1.4% | 1.2% | ||
| Q1 24 | 2.4% | 1.2% |
现金转化率LEGRXO
| Q4 25 | 4.84× | — | ||
| Q3 25 | 0.99× | — | ||
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
