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雷诺士国际（LII）与Ryerson Holding Corp（RYI）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Ryerson Holding Corp的1.1倍（$1.2B vs $1.1B），雷诺士国际净利率更高（13.6% vs -3.4%，领先17.0%），Ryerson Holding Corp同比增速更快（9.7% vs -11.2%），雷诺士国际自由现金流更多（$376.7M vs $91.9M），过去两年雷诺士国际的营收复合增速更高（6.8% vs -5.6%）
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。
莱森控股集团旗下的约瑟夫·T·莱森父子公司是一家金属加工分销服务商，业务覆盖美国、墨西哥、加拿大与中国。公司创立于1842年，总部位于芝加哥，在全球约100个网点拥有约4200名员工，是金属流通领域资历深厚的专业服务商。
LII vs RYI — 直观对比
营收规模更大
LII
是对方的1.1倍
$1.1B
营收增速更快
RYI
高出20.8%
-11.2%
净利率更高
LII
高出17.0%
-3.4%
自由现金流更多
LII
多$284.8M
$91.9M
两年增速更快
LII
近两年复合增速
-5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.1B |
| 净利润 | $162.1M | $-37.9M |
| 毛利率 | 34.7% | 15.3% |
| 营业利润率 | 18.6% | -3.4% |
| 净利率 | 13.6% | -3.4% |
| 营收同比 | -11.2% | 9.7% |
| 净利润同比 | -18.0% | -781.4% |
| 每股收益（稀释后） | $4.62 | $-1.18 |
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LIIRYI
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.0B | $1.2B |
净利润LIIRYI
| Q4 25 | $162.1M | $-37.9M | ||
| Q3 25 | $245.8M | $-14.8M | ||
| Q2 25 | $277.6M | $1.9M | ||
| Q1 25 | $120.3M | $-5.6M | ||
| Q4 24 | $197.7M | $-4.3M | ||
| Q3 24 | $239.0M | $-6.6M | ||
| Q2 24 | $245.9M | $9.9M | ||
| Q1 24 | $124.3M | $-7.6M |
毛利率LIIRYI
| Q4 25 | 34.7% | 15.3% | ||
| Q3 25 | 32.8% | 17.2% | ||
| Q2 25 | 34.8% | 17.9% | ||
| Q1 25 | 30.6% | 18.0% | ||
| Q4 24 | 33.9% | 19.0% | ||
| Q3 24 | 32.6% | 17.9% | ||
| Q2 24 | 33.6% | 18.2% | ||
| Q1 24 | 32.5% | 17.6% |
营业利润率LIIRYI
| Q4 25 | 18.6% | -3.4% | ||
| Q3 25 | 21.7% | -0.1% | ||
| Q2 25 | 23.6% | 0.5% | ||
| Q1 25 | 14.5% | 0.2% | ||
| Q4 24 | 18.2% | 0.3% | ||
| Q3 24 | 20.2% | 0.5% | ||
| Q2 24 | 22.1% | 1.9% | ||
| Q1 24 | 15.9% | 0.1% |
净利率LIIRYI
| Q4 25 | 13.6% | -3.4% | ||
| Q3 25 | 17.2% | -1.3% | ||
| Q2 25 | 18.5% | 0.2% | ||
| Q1 25 | 11.2% | -0.5% | ||
| Q4 24 | 14.7% | -0.4% | ||
| Q3 24 | 16.0% | -0.6% | ||
| Q2 24 | 16.9% | 0.8% | ||
| Q1 24 | 11.9% | -0.6% |
每股收益（稀释后）LIIRYI
| Q4 25 | $4.62 | $-1.18 | ||
| Q3 25 | $6.98 | $-0.46 | ||
| Q2 25 | $7.82 | $0.06 | ||
| Q1 25 | $3.37 | $-0.18 | ||
| Q4 24 | $5.52 | $-0.13 | ||
| Q3 24 | $6.68 | $-0.20 | ||
| Q2 24 | $6.87 | $0.29 | ||
| Q1 24 | $3.47 | $-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 | $34.7M | $26.9M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.2B | $753.1M |
| 总资产 | $4.1B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.98× | — |
8季度趋势，按日历期对齐
现金及短期投资LIIRYI
| Q4 25 | $34.7M | $26.9M | ||
| Q3 25 | $59.2M | $29.8M | ||
| Q2 25 | $55.1M | $30.8M | ||
| Q1 25 | $222.9M | $33.6M | ||
| Q4 24 | $422.3M | $27.7M | ||
| Q3 24 | $255.7M | $35.0M | ||
| Q2 24 | $57.8M | $28.0M | ||
| Q1 24 | $57.6M | $41.9M |
总债务LIIRYI
| Q4 25 | $1.1B | — | ||
| Q3 25 | $838.2M | — | ||
| Q2 25 | $835.7M | — | ||
| Q1 25 | $834.2M | — | ||
| Q4 24 | $833.1M | — | ||
| Q3 24 | $827.6M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | — |
股东权益LIIRYI
| Q4 25 | $1.2B | $753.1M | ||
| Q3 25 | $1.1B | $787.3M | ||
| Q2 25 | $900.5M | $811.5M | ||
| Q1 25 | $852.5M | $803.9M | ||
| Q4 24 | $850.2M | $815.3M | ||
| Q3 24 | $754.0M | $832.9M | ||
| Q2 24 | $577.4M | $877.9M | ||
| Q1 24 | $368.8M | $888.5M |
总资产LIIRYI
| Q4 25 | $4.1B | $2.4B | ||
| Q3 25 | $3.5B | $2.5B | ||
| Q2 25 | $3.7B | $2.5B | ||
| Q1 25 | $3.5B | $2.5B | ||
| Q4 24 | $3.5B | $2.4B | ||
| Q3 24 | $3.3B | $2.5B | ||
| Q2 24 | $3.2B | $2.6B | ||
| Q1 24 | $3.0B | $2.7B |
负债/权益比LIIRYI
| Q4 25 | 0.98× | — | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.98× | — | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 1.95× | — | ||
| Q1 24 | 3.13× | — |
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 | $112.7M |
| 自由现金流经营现金流 - 资本支出 | $376.7M | $91.9M |
| 自由现金流率自由现金流/营收 | 31.5% | 8.3% |
| 资本支出强度资本支出/营收 | 2.4% | 1.9% |
| 现金转化率经营现金流/净利润 | 2.50× | — |
| 过去12个月自由现金流最近4个季度 | $638.8M | $35.5M |
8季度趋势，按日历期对齐
经营现金流LIIRYI
| Q4 25 | $405.9M | $112.7M | ||
| Q3 25 | $300.7M | $-8.3M | ||
| Q2 25 | $86.8M | $23.8M | ||
| Q1 25 | $-35.8M | $-41.2M | ||
| Q4 24 | $332.4M | $92.2M | ||
| Q3 24 | $452.1M | $134.6M | ||
| Q2 24 | $184.0M | $25.9M | ||
| Q1 24 | $-22.8M | $-47.8M |
自由现金流LIIRYI
| Q4 25 | $376.7M | $91.9M | ||
| Q3 25 | $265.1M | $-21.1M | ||
| Q2 25 | $58.3M | $13.9M | ||
| Q1 25 | $-61.3M | $-49.2M | ||
| Q4 24 | $272.2M | $68.7M | ||
| Q3 24 | $410.9M | $103.0M | ||
| Q2 24 | $151.3M | $3.2M | ||
| Q1 24 | $-52.3M | $-69.6M |
自由现金流率LIIRYI
| Q4 25 | 31.5% | 8.3% | ||
| Q3 25 | 18.6% | -1.8% | ||
| Q2 25 | 3.9% | 1.2% | ||
| Q1 25 | -5.7% | -4.3% | ||
| Q4 24 | 20.2% | 6.8% | ||
| Q3 24 | 27.4% | 9.1% | ||
| Q2 24 | 10.4% | 0.3% | ||
| Q1 24 | -5.0% | -5.6% |
资本支出强度LIIRYI
| Q4 25 | 2.4% | 1.9% | ||
| Q3 25 | 2.5% | 1.1% | ||
| Q2 25 | 1.9% | 0.8% | ||
| Q1 25 | 2.4% | 0.7% | ||
| Q4 24 | 4.5% | 2.3% | ||
| Q3 24 | 2.8% | 2.8% | ||
| Q2 24 | 2.3% | 1.9% | ||
| Q1 24 | 2.8% | 1.8% |
现金转化率LIIRYI
| Q4 25 | 2.50× | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 0.31× | 12.53× | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 0.75× | 2.62× | ||
| Q1 24 | -0.18× | — |
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% |
RYI
| US | $988.3M | 89% |
| Non Us | $116.5M | 11% |
