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雷诺士国际（LII）与普尔斯马特（PSMT）财务数据对比。点击上方公司名可切换其他公司
普尔斯马特的季度营收约是雷诺士国际的1.2倍（$1.4B vs $1.2B），雷诺士国际净利率更高（13.6% vs 2.9%，领先10.7%），普尔斯马特同比增速更快（9.9% vs -11.2%），雷诺士国际自由现金流更多（$376.7M vs $32.6M），过去两年雷诺士国际的营收复合增速更高（6.8% vs 3.5%）
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。
PriceSmart（普尔斯马特）是一家美资会员制仓储商超运营商，业务覆盖中美洲、加勒比地区及南美洲。公司由Price Club的创立者索尔·普莱斯与罗伯特·普莱斯共同创办，罗伯特·普莱斯现任董事会主席。
LII vs PSMT — 直观对比
营收规模更大
PSMT
是对方的1.2倍
$1.2B
营收增速更快
PSMT
高出21.1%
-11.2%
净利率更高
LII
高出10.7%
2.9%
自由现金流更多
LII
多$344.1M
$32.6M
两年增速更快
LII
近两年复合增速
3.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $162.1M | $40.2M |
| 毛利率 | 34.7% | 17.7% |
| 营业利润率 | 18.6% | 4.6% |
| 净利率 | 13.6% | 2.9% |
| 营收同比 | -11.2% | 9.9% |
| 净利润同比 | -18.0% | 7.3% |
| 每股收益（稀释后） | $4.62 | $1.29 |
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LIIPSMT
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.0B | $1.3B |
净利润LIIPSMT
| Q4 25 | $162.1M | $40.2M | ||
| Q3 25 | $245.8M | $31.5M | ||
| Q2 25 | $277.6M | $35.2M | ||
| Q1 25 | $120.3M | $43.8M | ||
| Q4 24 | $197.7M | $37.4M | ||
| Q3 24 | $239.0M | $29.1M | ||
| Q2 24 | $245.9M | $32.5M | ||
| Q1 24 | $124.3M | $39.3M |
毛利率LIIPSMT
| Q4 25 | 34.7% | 17.7% | ||
| Q3 25 | 32.8% | — | ||
| Q2 25 | 34.8% | — | ||
| Q1 25 | 30.6% | 17.1% | ||
| Q4 24 | 33.9% | 17.4% | ||
| Q3 24 | 32.6% | — | ||
| Q2 24 | 33.6% | — | ||
| Q1 24 | 32.5% | — |
营业利润率LIIPSMT
| Q4 25 | 18.6% | 4.6% | ||
| Q3 25 | 21.7% | 4.0% | ||
| Q2 25 | 23.6% | 4.3% | ||
| Q1 25 | 14.5% | 4.8% | ||
| Q4 24 | 18.2% | 4.6% | ||
| Q3 24 | 20.2% | 4.0% | ||
| Q2 24 | 22.1% | 4.1% | ||
| Q1 24 | 15.9% | 4.9% |
净利率LIIPSMT
| Q4 25 | 13.6% | 2.9% | ||
| Q3 25 | 17.2% | 2.4% | ||
| Q2 25 | 18.5% | 2.7% | ||
| Q1 25 | 11.2% | 3.2% | ||
| Q4 24 | 14.7% | 3.0% | ||
| Q3 24 | 16.0% | 2.4% | ||
| Q2 24 | 16.9% | 2.6% | ||
| Q1 24 | 11.9% | 3.0% |
每股收益（稀释后）LIIPSMT
| Q4 25 | $4.62 | $1.29 | ||
| Q3 25 | $6.98 | $1.02 | ||
| Q2 25 | $7.82 | $1.14 | ||
| Q1 25 | $3.37 | $1.45 | ||
| Q4 24 | $5.52 | $1.21 | ||
| Q3 24 | $6.68 | $0.94 | ||
| Q2 24 | $6.87 | $1.08 | ||
| Q1 24 | $3.47 | $1.31 |
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 | $320.6M |
| 总债务越低越好 | $1.1B | $180.3M |
| 股东权益账面价值 | $1.2B | $1.3B |
| 总资产 | $4.1B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.14× |
8季度趋势，按日历期对齐
现金及短期投资LIIPSMT
| Q4 25 | $34.7M | $320.6M | ||
| Q3 25 | $59.2M | $314.2M | ||
| Q2 25 | $55.1M | $262.4M | ||
| Q1 25 | $222.9M | $247.3M | ||
| Q4 24 | $422.3M | $222.2M | ||
| Q3 24 | $255.7M | $225.5M | ||
| Q2 24 | $57.8M | $228.2M | ||
| Q1 24 | $57.6M | $264.2M |
总债务LIIPSMT
| Q4 25 | $1.1B | $180.3M | ||
| Q3 25 | $838.2M | $186.6M | ||
| Q2 25 | $835.7M | $103.1M | ||
| Q1 25 | $834.2M | $107.1M | ||
| Q4 24 | $833.1M | $115.6M | ||
| Q3 24 | $827.6M | $130.4M | ||
| Q2 24 | $1.1B | $135.1M | ||
| Q1 24 | $1.2B | $140.0M |
股东权益LIIPSMT
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $900.5M | $1.2B | ||
| Q1 25 | $852.5M | $1.2B | ||
| Q4 24 | $850.2M | $1.2B | ||
| Q3 24 | $754.0M | $1.1B | ||
| Q2 24 | $577.4M | $1.1B | ||
| Q1 24 | $368.8M | $1.1B |
总资产LIIPSMT
| Q4 25 | $4.1B | $2.4B | ||
| Q3 25 | $3.5B | $2.3B | ||
| Q2 25 | $3.7B | $2.1B | ||
| Q1 25 | $3.5B | $2.1B | ||
| Q4 24 | $3.5B | $2.1B | ||
| Q3 24 | $3.3B | $2.0B | ||
| Q2 24 | $3.2B | $2.0B | ||
| Q1 24 | $3.0B | $2.0B |
负债/权益比LIIPSMT
| Q4 25 | 0.98× | 0.14× | ||
| Q3 25 | 0.78× | 0.15× | ||
| Q2 25 | 0.93× | 0.08× | ||
| Q1 25 | 0.98× | 0.09× | ||
| Q4 24 | 0.98× | 0.10× | ||
| Q3 24 | 1.10× | 0.12× | ||
| Q2 24 | 1.95× | 0.12× | ||
| Q1 24 | 3.13× | 0.13× |
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 | $71.2M |
| 自由现金流经营现金流 - 资本支出 | $376.7M | $32.6M |
| 自由现金流率自由现金流/营收 | 31.5% | 2.4% |
| 资本支出强度资本支出/营收 | 2.4% | 2.8% |
| 现金转化率经营现金流/净利润 | 2.50× | 1.77× |
| 过去12个月自由现金流最近4个季度 | $638.8M | $125.5M |
8季度趋势，按日历期对齐
经营现金流LIIPSMT
| Q4 25 | $405.9M | $71.2M | ||
| Q3 25 | $300.7M | $82.1M | ||
| Q2 25 | $86.8M | $52.8M | ||
| Q1 25 | $-35.8M | $87.9M | ||
| Q4 24 | $332.4M | $38.5M | ||
| Q3 24 | $452.1M | $41.8M | ||
| Q2 24 | $184.0M | $38.1M | ||
| Q1 24 | $-22.8M | $86.6M |
自由现金流LIIPSMT
| Q4 25 | $376.7M | $32.6M | ||
| Q3 25 | $265.1M | $25.6M | ||
| Q2 25 | $58.3M | $14.0M | ||
| Q1 25 | $-61.3M | $53.2M | ||
| Q4 24 | $272.2M | $10.3M | ||
| Q3 24 | $410.9M | $15.2M | ||
| Q2 24 | $151.3M | $-308.0K | ||
| Q1 24 | $-52.3M | $16.4M |
自由现金流率LIIPSMT
| Q4 25 | 31.5% | 2.4% | ||
| Q3 25 | 18.6% | 1.9% | ||
| Q2 25 | 3.9% | 1.1% | ||
| Q1 25 | -5.7% | 3.9% | ||
| Q4 24 | 20.2% | 0.8% | ||
| Q3 24 | 27.4% | 1.2% | ||
| Q2 24 | 10.4% | -0.0% | ||
| Q1 24 | -5.0% | 1.3% |
资本支出强度LIIPSMT
| Q4 25 | 2.4% | 2.8% | ||
| Q3 25 | 2.5% | 4.2% | ||
| Q2 25 | 1.9% | 2.9% | ||
| Q1 25 | 2.4% | 2.5% | ||
| Q4 24 | 4.5% | 2.2% | ||
| Q3 24 | 2.8% | 2.2% | ||
| Q2 24 | 2.3% | 3.1% | ||
| Q1 24 | 2.8% | 5.4% |
现金转化率LIIPSMT
| Q4 25 | 2.50× | 1.77× | ||
| Q3 25 | 1.22× | 2.60× | ||
| Q2 25 | 0.31× | 1.50× | ||
| Q1 25 | -0.30× | 2.01× | ||
| Q4 24 | 1.68× | 1.03× | ||
| Q3 24 | 1.89× | 1.44× | ||
| Q2 24 | 0.75× | 1.17× | ||
| Q1 24 | -0.18× | 2.20× |
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% |
PSMT
| Fresh Foods | $454.9M | 33% |
| Caribbean Operations Segment | $396.5M | 29% |
| Colombia Operations Segment | $204.1M | 15% |
| Hardlines | $162.6M | 12% |
| Softlines | $99.8M | 7% |
| ship Income Member | $24.5M | 2% |
| Health Services | $14.5M | 1% |
| Other Revenue And Income | $4.2M | 0% |
| United States Operations Segment | $510.0K | 0% |
| Export Sales | $359.0K | 0% |
