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礼恩派（LEG）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
Toast, Inc.的季度营收约是礼恩派的1.7倍（$1.6B vs $938.6M），Toast, Inc.净利率更高（6.2% vs 2.7%，领先3.5%），Toast, Inc.同比增速更快（22.0% vs -11.2%），Toast, Inc.自由现金流更多（$178.0M vs $101.9M），过去两年Toast, Inc.的营收复合增速更高（23.3% 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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
LEG vs TOST — 直观对比
营收规模更大
TOST
是对方的1.7倍
$938.6M
营收增速更快
TOST
高出33.2%
-11.2%
净利率更高
TOST
高出3.5%
2.7%
自由现金流更多
TOST
多$76.1M
$101.9M
两年增速更快
TOST
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $938.6M | $1.6B |
| 净利润 | $25.1M | $101.0M |
| 毛利率 | 17.9% | 25.9% |
| 营业利润率 | 2.0% | 5.2% |
| 净利率 | 2.7% | 6.2% |
| 营收同比 | -11.2% | 22.0% |
| 净利润同比 | 76.8% | 215.6% |
| 每股收益（稀释后） | $0.18 | $0.18 |
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LEGTOST
| Q4 25 | $938.6M | $1.6B | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.1B | $1.1B |
净利润LEGTOST
| Q4 25 | $25.1M | $101.0M | ||
| Q3 25 | $127.1M | $105.0M | ||
| Q2 25 | $52.5M | $80.0M | ||
| Q1 25 | $30.6M | $56.0M | ||
| Q4 24 | $14.2M | $32.0M | ||
| Q3 24 | $44.9M | $56.0M | ||
| Q2 24 | $-602.2M | $14.0M | ||
| Q1 24 | $31.6M | $-83.0M |
毛利率LEGTOST
| Q4 25 | 17.9% | 25.9% | ||
| Q3 25 | 18.7% | 26.5% | ||
| Q2 25 | 18.2% | 25.3% | ||
| Q1 25 | 18.6% | 25.9% | ||
| Q4 24 | 16.6% | 24.9% | ||
| Q3 24 | 18.2% | 24.7% | ||
| Q2 24 | 16.5% | 23.0% | ||
| Q1 24 | 17.0% | 23.2% |
营业利润率LEGTOST
| Q4 25 | 2.0% | 5.2% | ||
| Q3 25 | 14.9% | 5.1% | ||
| Q2 25 | 6.8% | 5.2% | ||
| Q1 25 | 4.4% | 3.2% | ||
| Q4 24 | 2.4% | 2.5% | ||
| Q3 24 | 5.2% | 2.6% | ||
| Q2 24 | -56.2% | 0.4% | ||
| Q1 24 | 3.9% | -5.2% |
净利率LEGTOST
| Q4 25 | 2.7% | 6.2% | ||
| Q3 25 | 12.3% | 6.4% | ||
| Q2 25 | 5.0% | 5.2% | ||
| Q1 25 | 3.0% | 4.2% | ||
| Q4 24 | 1.3% | 2.4% | ||
| Q3 24 | 4.1% | 4.3% | ||
| Q2 24 | -53.4% | 1.1% | ||
| Q1 24 | 2.9% | -7.7% |
每股收益（稀释后）LEGTOST
| Q4 25 | $0.18 | $0.18 | ||
| Q3 25 | $0.91 | $0.16 | ||
| Q2 25 | $0.38 | $0.13 | ||
| Q1 25 | $0.22 | $0.09 | ||
| Q4 24 | $0.10 | $0.09 | ||
| Q3 24 | $0.33 | $0.07 | ||
| Q2 24 | $-4.39 | $0.02 | ||
| Q1 24 | $0.23 | $-0.15 |
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 | — |
| 股东权益账面价值 | $1.0B | $2.1B |
| 总资产 | $3.5B | $3.1B |
| 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LEGTOST
| Q4 25 | $587.4M | $1.4B | ||
| Q3 25 | $460.7M | $1.4B | ||
| Q2 25 | $368.8M | $1.2B | ||
| Q1 25 | $412.6M | $1.0B | ||
| Q4 24 | $350.2M | $903.0M | ||
| Q3 24 | $277.2M | $761.0M | ||
| Q2 24 | $307.0M | $691.0M | ||
| Q1 24 | $361.3M | $578.0M |
总债务LEGTOST
| 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LEGTOST
| Q4 25 | $1.0B | $2.1B | ||
| Q3 25 | $971.8M | $2.0B | ||
| Q2 25 | $855.0M | $1.8B | ||
| Q1 25 | $746.8M | $1.7B | ||
| Q4 24 | $689.4M | $1.5B | ||
| Q3 24 | $741.0M | $1.4B | ||
| Q2 24 | $667.6M | $1.3B | ||
| Q1 24 | $1.3B | $1.2B |
总资产LEGTOST
| Q4 25 | $3.5B | $3.1B | ||
| Q3 25 | $3.5B | $3.0B | ||
| Q2 25 | $3.7B | $2.8B | ||
| Q1 25 | $3.7B | $2.6B | ||
| Q4 24 | $3.7B | $2.4B | ||
| Q3 24 | $3.8B | $2.2B | ||
| Q2 24 | $3.8B | $2.2B | ||
| Q1 24 | $4.6B | $2.1B |
负债/权益比LEGTOST
| 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 | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $101.9M | $178.0M |
| 自由现金流率自由现金流/营收 | 10.9% | 10.9% |
| 资本支出强度资本支出/营收 | 2.1% | 1.0% |
| 现金转化率经营现金流/净利润 | 4.84× | 1.92× |
| 过去12个月自由现金流最近4个季度 | $281.0M | $608.0M |
8季度趋势，按日历期对齐
经营现金流LEGTOST
| Q4 25 | $121.5M | $194.0M | ||
| Q3 25 | $125.9M | $165.0M | ||
| Q2 25 | $84.0M | $223.0M | ||
| Q1 25 | $6.8M | $79.0M | ||
| Q4 24 | $122.3M | $147.0M | ||
| Q3 24 | $95.5M | $109.0M | ||
| Q2 24 | $94.0M | $124.0M | ||
| Q1 24 | $-6.1M | $-20.0M |
自由现金流LEGTOST
| Q4 25 | $101.9M | $178.0M | ||
| Q3 25 | $110.1M | $153.0M | ||
| Q2 25 | $75.5M | $208.0M | ||
| Q1 25 | $-6.5M | $69.0M | ||
| Q4 24 | $100.5M | $134.0M | ||
| Q3 24 | $77.1M | $97.0M | ||
| Q2 24 | $78.5M | $108.0M | ||
| Q1 24 | $-32.0M | $-33.0M |
自由现金流率LEGTOST
| Q4 25 | 10.9% | 10.9% | ||
| Q3 25 | 10.6% | 9.4% | ||
| Q2 25 | 7.1% | 13.4% | ||
| Q1 25 | -0.6% | 5.2% | ||
| Q4 24 | 9.5% | 10.0% | ||
| Q3 24 | 7.0% | 7.4% | ||
| Q2 24 | 7.0% | 8.7% | ||
| Q1 24 | -2.9% | -3.1% |
资本支出强度LEGTOST
| Q4 25 | 2.1% | 1.0% | ||
| Q3 25 | 1.5% | 0.7% | ||
| Q2 25 | 0.8% | 1.0% | ||
| Q1 25 | 1.3% | 0.7% | ||
| Q4 24 | 2.1% | 1.0% | ||
| Q3 24 | 1.7% | 0.9% | ||
| Q2 24 | 1.4% | 1.3% | ||
| Q1 24 | 2.4% | 1.2% |
现金转化率LEGTOST
| Q4 25 | 4.84× | 1.92× | ||
| Q3 25 | 0.99× | 1.57× | ||
| Q2 25 | 1.60× | 2.79× | ||
| Q1 25 | 0.22× | 1.41× | ||
| Q4 24 | 8.61× | 4.59× | ||
| Q3 24 | 2.13× | 1.95× | ||
| Q2 24 | — | 8.86× | ||
| 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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
