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雷诺士国际（LII）与STEWART INFORMATION SERVICES CORP（STC）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STEWART INFORMATION SERVICES CORP的1.6倍（$1.2B vs $764.6M），雷诺士国际净利率更高（13.6% vs 2.2%，领先11.3%），STEWART INFORMATION SERVICES CORP同比增速更快（27.7% vs -11.2%），过去两年STEWART INFORMATION SERVICES CORP的营收复合增速更高（12.7% vs 6.8%）
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。
斯图尔特信息服务公司（STC）是一家主营房地产信息、产权保险及交易管理服务的企业，旗下全资子公司斯图尔特产权担保公司、斯图尔特产权公司通过直营网点、斯图尔特可信供应商网络内的独立代理机构及合作企业，为美国及全球市场提供相关产品与服务，总部位于得克萨斯州休斯敦，现有员工约6350人。
LII vs STC — 直观对比
营收规模更大
LII
是对方的1.6倍
$764.6M
营收增速更快
STC
高出38.8%
-11.2%
净利率更高
LII
高出11.3%
2.2%
两年增速更快
STC
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $764.6M |
| 净利润 | $162.1M | $17.0M |
| 毛利率 | 34.7% | — |
| 营业利润率 | 18.6% | — |
| 净利率 | 13.6% | 2.2% |
| 营收同比 | -11.2% | 27.7% |
| 净利润同比 | -18.0% | 448.4% |
| 每股收益（稀释后） | $4.62 | — |
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LIISTC
| Q1 26 | — | $764.6M | ||
| Q4 25 | $1.2B | $790.6M | ||
| Q3 25 | $1.4B | $796.9M | ||
| Q2 25 | $1.5B | $722.2M | ||
| Q1 25 | $1.1B | $612.0M | ||
| Q4 24 | $1.3B | $665.9M | ||
| Q3 24 | $1.5B | $667.9M | ||
| Q2 24 | $1.5B | $602.2M |
净利润LIISTC
| Q1 26 | — | $17.0M | ||
| Q4 25 | $162.1M | $36.3M | ||
| Q3 25 | $245.8M | $44.3M | ||
| Q2 25 | $277.6M | $31.9M | ||
| Q1 25 | $120.3M | $3.1M | ||
| Q4 24 | $197.7M | $22.7M | ||
| Q3 24 | $239.0M | $30.1M | ||
| Q2 24 | $245.9M | $17.3M |
毛利率LIISTC
| Q1 26 | — | — | ||
| Q4 25 | 34.7% | — | ||
| Q3 25 | 32.8% | — | ||
| Q2 25 | 34.8% | — | ||
| Q1 25 | 30.6% | — | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 32.6% | — | ||
| Q2 24 | 33.6% | — |
营业利润率LIISTC
| Q1 26 | — | — | ||
| Q4 25 | 18.6% | 6.5% | ||
| Q3 25 | 21.7% | 7.7% | ||
| Q2 25 | 23.6% | 6.5% | ||
| Q1 25 | 14.5% | 1.0% | ||
| Q4 24 | 18.2% | 5.3% | ||
| Q3 24 | 20.2% | 6.4% | ||
| Q2 24 | 22.1% | 4.8% |
净利率LIISTC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 13.6% | 4.6% | ||
| Q3 25 | 17.2% | 5.6% | ||
| Q2 25 | 18.5% | 4.4% | ||
| Q1 25 | 11.2% | 0.5% | ||
| Q4 24 | 14.7% | 3.4% | ||
| Q3 24 | 16.0% | 4.5% | ||
| Q2 24 | 16.9% | 2.9% |
每股收益（稀释后）LIISTC
| Q1 26 | — | — | ||
| Q4 25 | $4.62 | $1.26 | ||
| Q3 25 | $6.98 | $1.55 | ||
| Q2 25 | $7.82 | $1.13 | ||
| Q1 25 | $3.37 | $0.11 | ||
| Q4 24 | $5.52 | $0.81 | ||
| Q3 24 | $6.68 | $1.07 | ||
| Q2 24 | $6.87 | $0.62 |
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 | $317.5M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.2B | — |
| 总资产 | $4.1B | — |
| 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LIISTC
| Q1 26 | — | $317.5M | ||
| Q4 25 | $34.7M | $369.7M | ||
| Q3 25 | $59.2M | $233.2M | ||
| Q2 25 | $55.1M | $223.8M | ||
| Q1 25 | $222.9M | $194.2M | ||
| Q4 24 | $422.3M | $257.5M | ||
| Q3 24 | $255.7M | $228.7M | ||
| Q2 24 | $57.8M | $176.7M |
总债务LIISTC
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $838.2M | — | ||
| Q2 25 | $835.7M | — | ||
| Q1 25 | $834.2M | — | ||
| Q4 24 | $833.1M | $445.8M | ||
| Q3 24 | $827.6M | — | ||
| Q2 24 | $1.1B | — |
股东权益LIISTC
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $900.5M | $1.4B | ||
| Q1 25 | $852.5M | $1.4B | ||
| Q4 24 | $850.2M | $1.4B | ||
| Q3 24 | $754.0M | $1.4B | ||
| Q2 24 | $577.4M | $1.4B |
总资产LIISTC
| Q1 26 | — | — | ||
| Q4 25 | $4.1B | $3.3B | ||
| Q3 25 | $3.5B | $2.8B | ||
| Q2 25 | $3.7B | $2.8B | ||
| Q1 25 | $3.5B | $2.7B | ||
| Q4 24 | $3.5B | $2.7B | ||
| Q3 24 | $3.3B | $2.7B | ||
| Q2 24 | $3.2B | $2.6B |
负债/权益比LIISTC
| Q1 26 | — | — | ||
| Q4 25 | 0.98× | — | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.98× | 0.32× | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 1.95× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $376.7M | — |
| 自由现金流率自由现金流/营收 | 31.5% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流LIISTC
| Q1 26 | — | — | ||
| Q4 25 | $405.9M | $89.5M | ||
| Q3 25 | $300.7M | $92.6M | ||
| Q2 25 | $86.8M | $53.4M | ||
| Q1 25 | $-35.8M | $-29.9M | ||
| Q4 24 | $332.4M | $68.0M | ||
| Q3 24 | $452.1M | $76.1M | ||
| Q2 24 | $184.0M | $21.1M |
自由现金流LIISTC
| Q1 26 | — | — | ||
| Q4 25 | $376.7M | $62.3M | ||
| Q3 25 | $265.1M | $73.6M | ||
| Q2 25 | $58.3M | $38.7M | ||
| Q1 25 | $-61.3M | $-42.2M | ||
| Q4 24 | $272.2M | $55.6M | ||
| Q3 24 | $410.9M | $67.4M | ||
| Q2 24 | $151.3M | $11.9M |
自由现金流率LIISTC
| Q1 26 | — | — | ||
| Q4 25 | 31.5% | 7.9% | ||
| Q3 25 | 18.6% | 9.2% | ||
| Q2 25 | 3.9% | 5.4% | ||
| Q1 25 | -5.7% | -6.9% | ||
| Q4 24 | 20.2% | 8.4% | ||
| Q3 24 | 27.4% | 10.1% | ||
| Q2 24 | 10.4% | 2.0% |
资本支出强度LIISTC
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 3.4% | ||
| Q3 25 | 2.5% | 2.4% | ||
| Q2 25 | 1.9% | 2.0% | ||
| Q1 25 | 2.4% | 2.0% | ||
| Q4 24 | 4.5% | 1.9% | ||
| Q3 24 | 2.8% | 1.3% | ||
| Q2 24 | 2.3% | 1.5% |
现金转化率LIISTC
| Q1 26 | — | — | ||
| Q4 25 | 2.50× | 2.47× | ||
| Q3 25 | 1.22× | 2.09× | ||
| Q2 25 | 0.31× | 1.67× | ||
| Q1 25 | -0.30× | -9.73× | ||
| Q4 24 | 1.68× | 2.99× | ||
| Q3 24 | 1.89× | 2.53× | ||
| Q2 24 | 0.75× | 1.22× |
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% |
STC
| Agency title | $333.0M | 44% |
| Direct title | $270.2M | 35% |
| Real estate solutions | $161.4M | 21% |
