vs
雷诺士国际（LII）与MSC INDUSTRIAL DIRECT CO INC（MSM）财务数据对比。点击上方公司名可切换其他公司
雷诺士国际的季度营收约是MSC INDUSTRIAL DIRECT CO INC的1.2倍（$1.2B vs $965.7M），雷诺士国际净利率更高（13.6% vs 5.4%，领先8.2%），MSC INDUSTRIAL DIRECT CO INC同比增速更快（4.0% vs -11.2%），雷诺士国际自由现金流更多（$376.7M vs $7.4M），过去两年雷诺士国际的营收复合增速更高（6.8% vs -3.4%）
雷诺士国际是美国知名的暖通空调（HVAC）及制冷领域气候控制产品供应商，总部位于得克萨斯州理查森。公司在墨西哥萨尔蒂约、美国爱荷华州马歇尔敦、南卡罗来纳州奥兰治堡设有核心生产基地，1904年收购公司的诺里斯家族后裔约翰·W·诺里斯三世持有其9.8%的股份。
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
LII vs MSM — 直观对比
营收规模更大
LII
是对方的1.2倍
$965.7M
营收增速更快
MSM
高出15.2%
-11.2%
净利率更高
LII
高出8.2%
5.4%
自由现金流更多
LII
多$369.3M
$7.4M
两年增速更快
LII
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $965.7M |
| 净利润 | $162.1M | $51.8M |
| 毛利率 | 34.7% | 40.7% |
| 营业利润率 | 18.6% | 7.9% |
| 净利率 | 13.6% | 5.4% |
| 营收同比 | -11.2% | 4.0% |
| 净利润同比 | -18.0% | 11.1% |
| 每股收益（稀释后） | $4.62 | $0.93 |
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LIIMSM
| Q4 25 | $1.2B | $965.7M | ||
| Q3 25 | $1.4B | $978.2M | ||
| Q2 25 | $1.5B | $971.1M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.3B | $928.5M | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | $979.4M | ||
| Q1 24 | $1.0B | $935.3M |
净利润LIIMSM
| Q4 25 | $162.1M | $51.8M | ||
| Q3 25 | $245.8M | $56.5M | ||
| Q2 25 | $277.6M | $56.8M | ||
| Q1 25 | $120.3M | — | ||
| Q4 24 | $197.7M | $46.6M | ||
| Q3 24 | $239.0M | — | ||
| Q2 24 | $245.9M | $71.7M | ||
| Q1 24 | $124.3M | $61.8M |
毛利率LIIMSM
| Q4 25 | 34.7% | 40.7% | ||
| Q3 25 | 32.8% | 40.4% | ||
| Q2 25 | 34.8% | 41.0% | ||
| Q1 25 | 30.6% | — | ||
| Q4 24 | 33.9% | 40.7% | ||
| Q3 24 | 32.6% | — | ||
| Q2 24 | 33.6% | 40.9% | ||
| Q1 24 | 32.5% | 41.5% |
营业利润率LIIMSM
| Q4 25 | 18.6% | 7.9% | ||
| Q3 25 | 21.7% | 8.6% | ||
| Q2 25 | 23.6% | 8.5% | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 18.2% | 7.8% | ||
| Q3 24 | 20.2% | — | ||
| Q2 24 | 22.1% | 10.9% | ||
| Q1 24 | 15.9% | 9.7% |
净利率LIIMSM
| Q4 25 | 13.6% | 5.4% | ||
| Q3 25 | 17.2% | 5.8% | ||
| Q2 25 | 18.5% | 5.9% | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | 14.7% | 5.0% | ||
| Q3 24 | 16.0% | — | ||
| Q2 24 | 16.9% | 7.3% | ||
| Q1 24 | 11.9% | 6.6% |
每股收益（稀释后）LIIMSM
| Q4 25 | $4.62 | $0.93 | ||
| Q3 25 | $6.98 | $1.02 | ||
| Q2 25 | $7.82 | $1.02 | ||
| Q1 25 | $3.37 | — | ||
| Q4 24 | $5.52 | $0.83 | ||
| Q3 24 | $6.68 | — | ||
| Q2 24 | $6.87 | $1.27 | ||
| Q1 24 | $3.47 | $1.10 |
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 | $34.7M | $40.3M |
| 总债务越低越好 | $1.1B | $214.1M |
| 股东权益账面价值 | $1.2B | $1.4B |
| 总资产 | $4.1B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资LIIMSM
| Q4 25 | $34.7M | $40.3M | ||
| Q3 25 | $59.2M | $56.2M | ||
| Q2 25 | $55.1M | $71.7M | ||
| Q1 25 | $222.9M | — | ||
| Q4 24 | $422.3M | $57.3M | ||
| Q3 24 | $255.7M | — | ||
| Q2 24 | $57.8M | $25.9M | ||
| Q1 24 | $57.6M | $22.2M |
总债务LIIMSM
| Q4 25 | $1.1B | $214.1M | ||
| Q3 25 | $838.2M | $168.8M | ||
| Q2 25 | $835.7M | $285.0M | ||
| Q1 25 | $834.2M | — | ||
| Q4 24 | $833.1M | $289.9M | ||
| Q3 24 | $827.6M | — | ||
| Q2 24 | $1.1B | $299.8M | ||
| Q1 24 | $1.2B | $294.5M |
股东权益LIIMSM
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $900.5M | $1.4B | ||
| Q1 25 | $852.5M | — | ||
| Q4 24 | $850.2M | $1.4B | ||
| Q3 24 | $754.0M | — | ||
| Q2 24 | $577.4M | $1.4B | ||
| Q1 24 | $368.8M | $1.4B |
总资产LIIMSM
| Q4 25 | $4.1B | $2.5B | ||
| Q3 25 | $3.5B | $2.5B | ||
| Q2 25 | $3.7B | $2.5B | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.5B | $2.5B | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.2B | $2.5B | ||
| Q1 24 | $3.0B | $2.5B |
负债/权益比LIIMSM
| Q4 25 | 0.98× | 0.16× | ||
| Q3 25 | 0.78× | 0.12× | ||
| Q2 25 | 0.93× | 0.21× | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.98× | 0.21× | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 1.95× | 0.21× | ||
| Q1 24 | 3.13× | 0.21× |
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 | $405.9M | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $376.7M | $7.4M |
| 自由现金流率自由现金流/营收 | 31.5% | 0.8% |
| 资本支出强度资本支出/营收 | 2.4% | 2.3% |
| 现金转化率经营现金流/净利润 | 2.50× | 0.57× |
| 过去12个月自由现金流最近4个季度 | $638.8M | — |
8季度趋势，按日历期对齐
经营现金流LIIMSM
| Q4 25 | $405.9M | $29.4M | ||
| Q3 25 | $300.7M | — | ||
| Q2 25 | $86.8M | $151.6M | ||
| Q1 25 | $-35.8M | — | ||
| Q4 24 | $332.4M | $101.9M | ||
| Q3 24 | $452.1M | — | ||
| Q2 24 | $184.0M | $143.5M | ||
| Q1 24 | $-22.8M | $78.7M |
自由现金流LIIMSM
| Q4 25 | $376.7M | $7.4M | ||
| Q3 25 | $265.1M | — | ||
| Q2 25 | $58.3M | $100.7M | ||
| Q1 25 | $-61.3M | — | ||
| Q4 24 | $272.2M | $81.7M | ||
| Q3 24 | $410.9M | — | ||
| Q2 24 | $151.3M | $114.0M | ||
| Q1 24 | $-52.3M | $53.4M |
自由现金流率LIIMSM
| Q4 25 | 31.5% | 0.8% | ||
| Q3 25 | 18.6% | — | ||
| Q2 25 | 3.9% | 10.4% | ||
| Q1 25 | -5.7% | — | ||
| Q4 24 | 20.2% | 8.8% | ||
| Q3 24 | 27.4% | — | ||
| Q2 24 | 10.4% | 11.6% | ||
| Q1 24 | -5.0% | 5.7% |
资本支出强度LIIMSM
| Q4 25 | 2.4% | 2.3% | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 1.9% | 5.2% | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 4.5% | 2.2% | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 2.3% | 3.0% | ||
| Q1 24 | 2.8% | 2.7% |
现金转化率LIIMSM
| Q4 25 | 2.50× | 0.57× | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 0.31× | 2.67× | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 1.68× | 2.18× | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 0.75× | 2.00× | ||
| Q1 24 | -0.18× | 1.27× |
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
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
MSM
暂无分部数据
