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力特（LFUS）与Pure Storage, Inc.（PSTG）财务数据对比。点击上方公司名可切换其他公司
Pure Storage, Inc.的季度营收约是力特的1.6倍（$964.5M vs $593.9M），Pure Storage, Inc.净利率更高（5.7% vs -40.8%，领先46.5%），Pure Storage, Inc.同比增速更快（16.0% vs 12.2%），力特自由现金流更多（$119.7M vs $52.6M），过去两年Pure Storage, Inc.的营收复合增速更高（10.5% vs 5.3%）
力特是全球领先的电路保护、传感及控制组件制造商，主营保险丝、半导体保护器件、功率开关、传感器、断路器等产品，服务汽车、工业电子、消费电子、通信及可再生能源等领域，为全球客户提供提升设备安全可靠性的解决方案。
Pure Storage是美国上市科技企业，总部位于加利福尼亚州圣克拉拉，成立于2009年，2011年正式推出自研全闪存数据存储软硬件产品，2015年上市前累计获得超4.7亿美元风险投资，营收长期保持高速增长态势。
LFUS vs PSTG — 直观对比
营收规模更大
PSTG
是对方的1.6倍
$593.9M
营收增速更快
PSTG
高出3.9%
12.2%
净利率更高
PSTG
高出46.5%
-40.8%
自由现金流更多
LFUS
多$67.2M
$52.6M
两年增速更快
PSTG
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $593.9M | $964.5M |
| 净利润 | $-242.1M | $54.8M |
| 毛利率 | 38.0% | 72.3% |
| 营业利润率 | -37.5% | 5.6% |
| 净利率 | -40.8% | 5.7% |
| 营收同比 | 12.2% | 16.0% |
| 净利润同比 | -367.6% | -13.9% |
| 每股收益（稀释后） | $-9.71 | $0.16 |
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LFUSPSTG
| Q4 25 | $593.9M | $964.5M | ||
| Q3 25 | $624.6M | $861.0M | ||
| Q2 25 | $613.4M | $778.5M | ||
| Q1 25 | $554.3M | $879.8M | ||
| Q4 24 | $529.5M | $831.1M | ||
| Q3 24 | $567.4M | $763.8M | ||
| Q2 24 | $558.5M | $693.5M | ||
| Q1 24 | $535.4M | $789.8M |
净利润LFUSPSTG
| Q4 25 | $-242.1M | $54.8M | ||
| Q3 25 | $69.5M | $47.1M | ||
| Q2 25 | $57.3M | $-14.0M | ||
| Q1 25 | $43.6M | $42.4M | ||
| Q4 24 | $-51.8M | $63.6M | ||
| Q3 24 | $58.1M | $35.7M | ||
| Q2 24 | $45.5M | $-35.0M | ||
| Q1 24 | $48.5M | $65.4M |
毛利率LFUSPSTG
| Q4 25 | 38.0% | 72.3% | ||
| Q3 25 | 38.6% | 70.2% | ||
| Q2 25 | 37.8% | 68.9% | ||
| Q1 25 | 37.4% | 67.5% | ||
| Q4 24 | 33.4% | 70.1% | ||
| Q3 24 | 38.1% | 70.7% | ||
| Q2 24 | 37.1% | 71.5% | ||
| Q1 24 | 35.1% | 72.0% |
营业利润率LFUSPSTG
| Q4 25 | -37.5% | 5.6% | ||
| Q3 25 | 15.6% | 0.6% | ||
| Q2 25 | 15.1% | -4.0% | ||
| Q1 25 | 12.7% | 4.8% | ||
| Q4 24 | -9.3% | 7.2% | ||
| Q3 24 | 15.5% | 3.3% | ||
| Q2 24 | 11.7% | -6.0% | ||
| Q1 24 | 10.3% | 7.3% |
净利率LFUSPSTG
| Q4 25 | -40.8% | 5.7% | ||
| Q3 25 | 11.1% | 5.5% | ||
| Q2 25 | 9.3% | -1.8% | ||
| Q1 25 | 7.9% | 4.8% | ||
| Q4 24 | -9.8% | 7.7% | ||
| Q3 24 | 10.2% | 4.7% | ||
| Q2 24 | 8.1% | -5.0% | ||
| Q1 24 | 9.0% | 8.3% |
每股收益（稀释后）LFUSPSTG
| Q4 25 | $-9.71 | $0.16 | ||
| Q3 25 | $2.77 | $0.14 | ||
| Q2 25 | $2.30 | $-0.04 | ||
| Q1 25 | $1.75 | $0.13 | ||
| Q4 24 | $-2.07 | $0.19 | ||
| Q3 24 | $2.32 | $0.10 | ||
| Q2 24 | $1.82 | $-0.11 | ||
| Q1 24 | $1.93 | $0.22 |
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 | $563.7M | $852.8M |
| 总债务越低越好 | $802.6M | — |
| 股东权益账面价值 | $2.4B | $1.4B |
| 总资产 | $4.0B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资LFUSPSTG
| Q4 25 | $563.7M | $852.8M | ||
| Q3 25 | $815.0M | $887.8M | ||
| Q2 25 | $685.5M | $739.3M | ||
| Q1 25 | $619.7M | $723.6M | ||
| Q4 24 | $725.9M | $894.6M | ||
| Q3 24 | $630.7M | $965.0M | ||
| Q2 24 | $562.7M | $900.6M | ||
| Q1 24 | $562.4M | $702.5M |
总债务LFUSPSTG
| Q4 25 | $802.6M | — | ||
| Q3 25 | $805.8M | — | ||
| Q2 25 | $810.2M | — | ||
| Q1 25 | $805.7M | — | ||
| Q4 24 | $856.1M | — | ||
| Q3 24 | $867.7M | — | ||
| Q2 24 | $863.5M | — | ||
| Q1 24 | $866.7M | — |
股东权益LFUSPSTG
| Q4 25 | $2.4B | $1.4B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.5B | $1.3B | ||
| Q4 24 | $2.4B | $1.4B | ||
| Q3 24 | $2.6B | $1.5B | ||
| Q2 24 | $2.5B | $1.4B | ||
| Q1 24 | $2.5B | $1.3B |
总资产LFUSPSTG
| Q4 25 | $4.0B | $4.2B | ||
| Q3 25 | $4.2B | $4.0B | ||
| Q2 25 | $4.1B | $3.8B | ||
| Q1 25 | $3.9B | $4.0B | ||
| Q4 24 | $3.9B | $3.9B | ||
| Q3 24 | $4.1B | $3.8B | ||
| Q2 24 | $3.9B | $3.6B | ||
| Q1 24 | $3.9B | $3.7B |
负债/权益比LFUSPSTG
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.35× | — | ||
| Q1 24 | 0.35× | — |
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 | $138.7M | $116.0M |
| 自由现金流经营现金流 - 资本支出 | $119.7M | $52.6M |
| 自由现金流率自由现金流/营收 | 20.2% | 5.5% |
| 资本支出强度资本支出/营收 | 3.2% | 6.6% |
| 现金转化率经营现金流/净利润 | — | 2.12× |
| 过去12个月自由现金流最近4个季度 | $366.1M | $566.7M |
8季度趋势，按日历期对齐
经营现金流LFUSPSTG
| Q4 25 | $138.7M | $116.0M | ||
| Q3 25 | $146.9M | $212.2M | ||
| Q2 25 | $82.5M | $283.9M | ||
| Q1 25 | $65.8M | $208.5M | ||
| Q4 24 | $160.6M | $97.0M | ||
| Q3 24 | $80.4M | $226.6M | ||
| Q2 24 | $69.4M | $221.5M | ||
| Q1 24 | $57.1M | $244.4M |
自由现金流LFUSPSTG
| Q4 25 | $119.7M | $52.6M | ||
| Q3 25 | $131.2M | $150.1M | ||
| Q2 25 | $72.6M | $211.6M | ||
| Q1 25 | $42.7M | $152.4M | ||
| Q4 24 | $134.8M | $35.2M | ||
| Q3 24 | $65.0M | $166.6M | ||
| Q2 24 | $50.3M | $172.7M | ||
| Q1 24 | $41.6M | $200.9M |
自由现金流率LFUSPSTG
| Q4 25 | 20.2% | 5.5% | ||
| Q3 25 | 21.0% | 17.4% | ||
| Q2 25 | 11.8% | 27.2% | ||
| Q1 25 | 7.7% | 17.3% | ||
| Q4 24 | 25.5% | 4.2% | ||
| Q3 24 | 11.5% | 21.8% | ||
| Q2 24 | 9.0% | 24.9% | ||
| Q1 24 | 7.8% | 25.4% |
资本支出强度LFUSPSTG
| Q4 25 | 3.2% | 6.6% | ||
| Q3 25 | 2.5% | 7.2% | ||
| Q2 25 | 1.6% | 9.3% | ||
| Q1 25 | 4.2% | 6.4% | ||
| Q4 24 | 4.9% | 7.4% | ||
| Q3 24 | 2.7% | 7.9% | ||
| Q2 24 | 3.4% | 7.0% | ||
| Q1 24 | 2.9% | 5.5% |
现金转化率LFUSPSTG
| Q4 25 | — | 2.12× | ||
| Q3 25 | 2.11× | 4.50× | ||
| Q2 25 | 1.44× | — | ||
| Q1 25 | 1.51× | 4.91× | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | 1.39× | 6.35× | ||
| Q2 24 | 1.53× | — | ||
| Q1 24 | 1.18× | 3.74× |
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
LFUS
| Electronics Passive Products And Sensors | $174.9M | 29% |
| Electronics Semiconductor | $170.3M | 29% |
| Industrial Products | $85.0M | 14% |
| Commercial Vehicle Products | $76.2M | 13% |
| Passenger Car Products | $72.8M | 12% |
| Automotive Sensors | $14.7M | 2% |
| Dortmund Fab | $12.5M | 2% |
PSTG
| US | $683.2M | 71% |
| Non Us | $281.3M | 29% |
