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雷诺士国际（LII）与Tyler Technologies（TYL）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Tyler Technologies的1.9倍（$1.2B vs $613.5M），雷诺士国际净利率更高（13.6% vs 13.2%，领先0.3%），Tyler Technologies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 $2.0M），过去两年雷诺士国际的营收复合增速更高（6.8% vs 6.5%）
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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
LII vs TYL — 直观对比
营收规模更大
LII
是对方的1.9倍
$613.5M
营收增速更快
TYL
高出19.7%
-11.2%
净利率更高
LII
高出0.3%
13.2%
自由现金流更多
LII
多$374.7M
$2.0M
两年增速更快
LII
近两年复合增速
6.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $613.5M |
| 净利润 | $162.1M | $81.2M |
| 毛利率 | 34.7% | 48.3% |
| 营业利润率 | 18.6% | 16.3% |
| 净利率 | 13.6% | 13.2% |
| 营收同比 | -11.2% | 8.6% |
| 净利润同比 | -18.0% | — |
| 每股收益（稀释后） | $4.62 | $1.88 |
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LIITYL
| Q1 26 | — | $613.5M | ||
| Q4 25 | $1.2B | $575.2M | ||
| Q3 25 | $1.4B | $595.9M | ||
| Q2 25 | $1.5B | $596.1M | ||
| Q1 25 | $1.1B | $565.2M | ||
| Q4 24 | $1.3B | $541.1M | ||
| Q3 24 | $1.5B | $543.3M | ||
| Q2 24 | $1.5B | $541.0M |
净利润LIITYL
| Q1 26 | — | $81.2M | ||
| Q4 25 | $162.1M | $65.5M | ||
| Q3 25 | $245.8M | $84.4M | ||
| Q2 25 | $277.6M | $84.6M | ||
| Q1 25 | $120.3M | $81.1M | ||
| Q4 24 | $197.7M | $65.2M | ||
| Q3 24 | $239.0M | $75.9M | ||
| Q2 24 | $245.9M | $67.7M |
毛利率LIITYL
| Q1 26 | — | 48.3% | ||
| Q4 25 | 34.7% | 45.5% | ||
| Q3 25 | 32.8% | 47.2% | ||
| Q2 25 | 34.8% | 45.8% | ||
| Q1 25 | 30.6% | 47.3% | ||
| Q4 24 | 33.9% | 43.8% | ||
| Q3 24 | 32.6% | 43.7% | ||
| Q2 24 | 33.6% | 44.0% |
营业利润率LIITYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | 18.6% | 13.0% | ||
| Q3 25 | 21.7% | 16.4% | ||
| Q2 25 | 23.6% | 16.0% | ||
| Q1 25 | 14.5% | 15.8% | ||
| Q4 24 | 18.2% | 13.2% | ||
| Q3 24 | 20.2% | 15.2% | ||
| Q2 24 | 22.1% | 14.4% |
净利率LIITYL
| Q1 26 | — | 13.2% | ||
| Q4 25 | 13.6% | 11.4% | ||
| Q3 25 | 17.2% | 14.2% | ||
| Q2 25 | 18.5% | 14.2% | ||
| Q1 25 | 11.2% | 14.3% | ||
| Q4 24 | 14.7% | 12.1% | ||
| Q3 24 | 16.0% | 14.0% | ||
| Q2 24 | 16.9% | 12.5% |
每股收益（稀释后）LIITYL
| Q1 26 | — | $1.88 | ||
| Q4 25 | $4.62 | $1.50 | ||
| Q3 25 | $6.98 | $1.93 | ||
| Q2 25 | $7.82 | $1.93 | ||
| Q1 25 | $3.37 | $1.84 | ||
| Q4 24 | $5.52 | $1.48 | ||
| Q3 24 | $6.68 | $1.74 | ||
| Q2 24 | $6.87 | $1.57 |
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 | $346.4M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.2B | $3.6B |
| 总资产 | $4.1B | $4.8B |
| 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LIITYL
| Q1 26 | — | $346.4M | ||
| Q4 25 | $34.7M | $1.1B | ||
| Q3 25 | $59.2M | $950.8M | ||
| Q2 25 | $55.1M | $892.3M | ||
| Q1 25 | $222.9M | $807.4M | ||
| Q4 24 | $422.3M | $768.0M | ||
| Q3 24 | $255.7M | $544.3M | ||
| Q2 24 | $57.8M | $258.0M |
总债务LIITYL
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $599.7M | ||
| Q3 25 | $838.2M | $599.2M | ||
| Q2 25 | $835.7M | $598.8M | ||
| Q1 25 | $834.2M | $598.4M | ||
| Q4 24 | $833.1M | $597.9M | ||
| Q3 24 | $827.6M | $597.5M | ||
| Q2 24 | $1.1B | $597.1M |
股东权益LIITYL
| Q1 26 | — | $3.6B | ||
| Q4 25 | $1.2B | $3.7B | ||
| Q3 25 | $1.1B | $3.6B | ||
| Q2 25 | $900.5M | $3.6B | ||
| Q1 25 | $852.5M | $3.5B | ||
| Q4 24 | $850.2M | $3.4B | ||
| Q3 24 | $754.0M | $3.3B | ||
| Q2 24 | $577.4M | $3.1B |
总资产LIITYL
| Q1 26 | — | $4.8B | ||
| Q4 25 | $4.1B | $5.6B | ||
| Q3 25 | $3.5B | $5.5B | ||
| Q2 25 | $3.7B | $5.4B | ||
| Q1 25 | $3.5B | $5.2B | ||
| Q4 24 | $3.5B | $5.2B | ||
| Q3 24 | $3.3B | $5.0B | ||
| Q2 24 | $3.2B | $4.8B |
负债/权益比LIITYL
| Q1 26 | — | — | ||
| Q4 25 | 0.98× | 0.16× | ||
| Q3 25 | 0.78× | 0.17× | ||
| Q2 25 | 0.93× | 0.16× | ||
| Q1 25 | 0.98× | 0.17× | ||
| Q4 24 | 0.98× | 0.18× | ||
| Q3 24 | 1.10× | 0.18× | ||
| Q2 24 | 1.95× | 0.19× |
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 | $107.3M |
| 自由现金流经营现金流 - 资本支出 | $376.7M | $2.0M |
| 自由现金流率自由现金流/营收 | 31.5% | 0.3% |
| 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× | 1.32× |
| 过去12个月自由现金流最近4个季度 | $638.8M | $585.7M |
8季度趋势，按日历期对齐
经营现金流LIITYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $405.9M | $243.9M | ||
| Q3 25 | $300.7M | $255.2M | ||
| Q2 25 | $86.8M | $98.3M | ||
| Q1 25 | $-35.8M | $56.2M | ||
| Q4 24 | $332.4M | $224.8M | ||
| Q3 24 | $452.1M | $263.7M | ||
| Q2 24 | $184.0M | $64.3M |
自由现金流LIITYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | $376.7M | $239.6M | ||
| Q3 25 | $265.1M | $251.3M | ||
| Q2 25 | $58.3M | $92.8M | ||
| Q1 25 | $-61.3M | $53.8M | ||
| Q4 24 | $272.2M | $221.0M | ||
| Q3 24 | $410.9M | $260.8M | ||
| Q2 24 | $151.3M | $57.7M |
自由现金流率LIITYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | 31.5% | 41.7% | ||
| Q3 25 | 18.6% | 42.2% | ||
| Q2 25 | 3.9% | 15.6% | ||
| Q1 25 | -5.7% | 9.5% | ||
| Q4 24 | 20.2% | 40.8% | ||
| Q3 24 | 27.4% | 48.0% | ||
| Q2 24 | 10.4% | 10.7% |
资本支出强度LIITYL
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 0.8% | ||
| Q3 25 | 2.5% | 0.7% | ||
| Q2 25 | 1.9% | 0.9% | ||
| Q1 25 | 2.4% | 0.4% | ||
| Q4 24 | 4.5% | 0.7% | ||
| Q3 24 | 2.8% | 0.5% | ||
| Q2 24 | 2.3% | 1.2% |
现金转化率LIITYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | 2.50× | 3.72× | ||
| Q3 25 | 1.22× | 3.02× | ||
| Q2 25 | 0.31× | 1.16× | ||
| Q1 25 | -0.30× | 0.69× | ||
| Q4 24 | 1.68× | 3.45× | ||
| Q3 24 | 1.89× | 3.47× | ||
| Q2 24 | 0.75× | 0.95× |
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% |
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
