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雷诺士国际（LII）与思佳讯（SWKS）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思佳讯的1.2倍（$1.2B vs $1.0B），雷诺士国际净利率更高（13.6% vs 7.6%，领先5.9%），思佳讯同比增速更快（8.6% vs -11.2%），雷诺士国际自由现金流更多（$376.7M vs $339.0M），过去两年雷诺士国际的营收复合增速更高（6.8% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
LII vs SWKS — 直观对比
营收规模更大
LII
是对方的1.2倍
$1.0B
营收增速更快
SWKS
高出19.8%
-11.2%
净利率更高
LII
高出5.9%
7.6%
自由现金流更多
LII
多$37.7M
$339.0M
两年增速更快
LII
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.0B |
| 净利润 | $162.1M | $79.2M |
| 毛利率 | 34.7% | 41.3% |
| 营业利润率 | 18.6% | 10.0% |
| 净利率 | 13.6% | 7.6% |
| 营收同比 | -11.2% | 8.6% |
| 净利润同比 | -18.0% | 15.3% |
| 每股收益（稀释后） | $4.62 | $0.53 |
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LIISWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.5B | $965.0M | ||
| Q1 25 | $1.1B | $953.2M | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.5B | $905.5M |
净利润LIISWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $162.1M | $141.4M | ||
| Q3 25 | $245.8M | — | ||
| Q2 25 | $277.6M | $105.0M | ||
| Q1 25 | $120.3M | $68.7M | ||
| Q4 24 | $197.7M | $162.0M | ||
| Q3 24 | $239.0M | $60.5M | ||
| Q2 24 | $245.9M | $120.9M |
毛利率LIISWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 34.7% | 40.7% | ||
| Q3 25 | 32.8% | — | ||
| Q2 25 | 34.8% | 41.6% | ||
| Q1 25 | 30.6% | 41.1% | ||
| Q4 24 | 33.9% | 41.4% | ||
| Q3 24 | 32.6% | 41.9% | ||
| Q2 24 | 33.6% | 40.2% |
营业利润率LIISWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 18.6% | 10.1% | ||
| Q3 25 | 21.7% | — | ||
| Q2 25 | 23.6% | 11.5% | ||
| Q1 25 | 14.5% | 10.2% | ||
| Q4 24 | 18.2% | 16.9% | ||
| Q3 24 | 20.2% | 5.8% | ||
| Q2 24 | 22.1% | 14.4% |
净利率LIISWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 13.6% | 12.9% | ||
| Q3 25 | 17.2% | — | ||
| Q2 25 | 18.5% | 10.9% | ||
| Q1 25 | 11.2% | 7.2% | ||
| Q4 24 | 14.7% | 15.2% | ||
| Q3 24 | 16.0% | 5.9% | ||
| Q2 24 | 16.9% | 13.4% |
每股收益（稀释后）LIISWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $4.62 | $0.95 | ||
| Q3 25 | $6.98 | — | ||
| Q2 25 | $7.82 | $0.70 | ||
| Q1 25 | $3.37 | $0.43 | ||
| Q4 24 | $5.52 | $1.00 | ||
| Q3 24 | $6.68 | $0.36 | ||
| Q2 24 | $6.87 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | $1.1B | $496.6M |
| 股东权益账面价值 | $1.2B | $5.8B |
| 总资产 | $4.1B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资LIISWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $34.7M | $1.4B | ||
| Q3 25 | $59.2M | — | ||
| Q2 25 | $55.1M | $1.3B | ||
| Q1 25 | $222.9M | $1.5B | ||
| Q4 24 | $422.3M | $1.7B | ||
| Q3 24 | $255.7M | $1.6B | ||
| Q2 24 | $57.8M | $1.3B |
总债务LIISWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $1.1B | $496.4M | ||
| Q3 25 | $838.2M | — | ||
| Q2 25 | $835.7M | $496.2M | ||
| Q1 25 | $834.2M | $995.1M | ||
| Q4 24 | $833.1M | $994.7M | ||
| Q3 24 | $827.6M | $994.3M | ||
| Q2 24 | $1.1B | $994.0M |
股东权益LIISWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $1.2B | $5.8B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $900.5M | $5.7B | ||
| Q1 25 | $852.5M | $5.9B | ||
| Q4 24 | $850.2M | $6.4B | ||
| Q3 24 | $754.0M | $6.3B | ||
| Q2 24 | $577.4M | $6.3B |
总资产LIISWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $4.1B | $7.9B | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $3.7B | $7.7B | ||
| Q1 25 | $3.5B | $7.9B | ||
| Q4 24 | $3.5B | $8.3B | ||
| Q3 24 | $3.3B | $8.3B | ||
| Q2 24 | $3.2B | $8.2B |
负债/权益比LIISWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.98× | 0.09× | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.93× | 0.09× | ||
| Q1 25 | 0.98× | 0.17× | ||
| Q4 24 | 0.98× | 0.16× | ||
| Q3 24 | 1.10× | 0.16× | ||
| Q2 24 | 1.95× | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $376.7M | $339.0M |
| 自由现金流率自由现金流/营收 | 31.5% | 32.7% |
| 资本支出强度资本支出/营收 | 2.4% | 5.5% |
| 现金转化率经营现金流/净利润 | 2.50× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $638.8M | $1.1B |
8季度趋势，按日历期对齐
经营现金流LIISWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $405.9M | $200.0M | ||
| Q3 25 | $300.7M | — | ||
| Q2 25 | $86.8M | $314.2M | ||
| Q1 25 | $-35.8M | $409.4M | ||
| Q4 24 | $332.4M | $377.2M | ||
| Q3 24 | $452.1M | $476.1M | ||
| Q2 24 | $184.0M | $273.4M |
自由现金流LIISWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $376.7M | $144.0M | ||
| Q3 25 | $265.1M | — | ||
| Q2 25 | $58.3M | $252.7M | ||
| Q1 25 | $-61.3M | $370.9M | ||
| Q4 24 | $272.2M | $338.2M | ||
| Q3 24 | $410.9M | $393.3M | ||
| Q2 24 | $151.3M | $249.0M |
自由现金流率LIISWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 31.5% | 13.1% | ||
| Q3 25 | 18.6% | — | ||
| Q2 25 | 3.9% | 26.2% | ||
| Q1 25 | -5.7% | 38.9% | ||
| Q4 24 | 20.2% | 31.7% | ||
| Q3 24 | 27.4% | 38.4% | ||
| Q2 24 | 10.4% | 27.5% |
资本支出强度LIISWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 2.4% | 5.1% | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 1.9% | 6.4% | ||
| Q1 25 | 2.4% | 4.0% | ||
| Q4 24 | 4.5% | 3.6% | ||
| Q3 24 | 2.8% | 8.1% | ||
| Q2 24 | 2.3% | 2.7% |
现金转化率LIISWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 2.50× | 1.41× | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 0.31× | 2.99× | ||
| Q1 25 | -0.30× | 5.96× | ||
| Q4 24 | 1.68× | 2.33× | ||
| Q3 24 | 1.89× | 7.87× | ||
| Q2 24 | 0.75× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
