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LKQ Corporation（LKQ）与LINCOLN NATIONAL CORP（LNC）财务数据对比。点击上方公司名可切换其他公司
LINCOLN NATIONAL CORP的季度营收约是LKQ Corporation的1.6倍（$4.9B vs $3.0B），LINCOLN NATIONAL CORP净利率更高（15.3% vs 2.2%，领先13.2%），LINCOLN NATIONAL CORP同比增速更快（-2.8% vs -9.2%），过去两年LINCOLN NATIONAL CORP的营收复合增速更高（9.4% vs -9.3%）
LKQ Corporation是来自美国的汽车及其他车辆替代性、特种零配件供应商，主营业务为各类车辆维修、改装所需的替换系统、组件、设备及零配件销售，服务覆盖乘用车、卡车、休闲车、性能车等多种车型，业务网络遍及北美、欧洲及中国台湾地区。
林肯国民公司是美国财富200强控股企业，通过旗下多家子公司开展保险、投资管理等多元金融业务，“林肯金融集团”是该公司及其所有子公司共同使用的市场推广品牌名称。
LKQ vs LNC — 直观对比
营收规模更大
LNC
是对方的1.6倍
$3.0B
营收增速更快
LNC
高出6.5%
-9.2%
净利率更高
LNC
高出13.2%
2.2%
两年增速更快
LNC
近两年复合增速
-9.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $4.9B |
| 净利润 | $66.0M | $755.0M |
| 毛利率 | 37.2% | — |
| 营业利润率 | 3.9% | 18.6% |
| 净利率 | 2.2% | 15.3% |
| 营收同比 | -9.2% | -2.8% |
| 净利润同比 | -58.0% | -55.2% |
| 每股收益（稀释后） | $0.25 | $4.32 |
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LKQLNC
| Q4 25 | $3.0B | $4.9B | ||
| Q3 25 | $3.5B | $4.6B | ||
| Q2 25 | $3.6B | $4.0B | ||
| Q1 25 | $3.5B | $4.7B | ||
| Q4 24 | $3.4B | $5.1B | ||
| Q3 24 | $3.6B | $4.1B | ||
| Q2 24 | $3.7B | $5.2B | ||
| Q1 24 | $3.7B | $4.1B |
净利润LKQLNC
| Q4 25 | $66.0M | $755.0M | ||
| Q3 25 | $180.0M | $445.0M | ||
| Q2 25 | $193.0M | $699.0M | ||
| Q1 25 | $169.0M | $-722.0M | ||
| Q4 24 | $157.0M | $1.7B | ||
| Q3 24 | $192.0M | $-528.0M | ||
| Q2 24 | $186.0M | $895.0M | ||
| Q1 24 | $158.0M | $1.2B |
毛利率LKQLNC
| Q4 25 | 37.2% | — | ||
| Q3 25 | 38.3% | — | ||
| Q2 25 | 38.8% | — | ||
| Q1 25 | 39.8% | — | ||
| Q4 24 | 39.5% | — | ||
| Q3 24 | 38.9% | — | ||
| Q2 24 | 38.8% | — | ||
| Q1 24 | 39.2% | — |
营业利润率LKQLNC
| Q4 25 | 3.9% | 18.6% | ||
| Q3 25 | 7.8% | 11.5% | ||
| Q2 25 | 8.6% | 21.0% | ||
| Q1 25 | 8.3% | -20.2% | ||
| Q4 24 | 8.1% | 41.5% | ||
| Q3 24 | 8.6% | -17.1% | ||
| Q2 24 | 8.9% | 21.3% | ||
| Q1 24 | 7.8% | 37.1% |
净利率LKQLNC
| Q4 25 | 2.2% | 15.3% | ||
| Q3 25 | 5.1% | 9.8% | ||
| Q2 25 | 5.3% | 17.3% | ||
| Q1 25 | 4.9% | -15.4% | ||
| Q4 24 | 4.7% | 33.3% | ||
| Q3 24 | 5.4% | -12.8% | ||
| Q2 24 | 5.0% | 17.4% | ||
| Q1 24 | 4.3% | 29.7% |
每股收益（稀释后）LKQLNC
| Q4 25 | $0.25 | $4.32 | ||
| Q3 25 | $0.70 | $2.12 | ||
| Q2 25 | $0.75 | $3.80 | ||
| Q1 25 | $0.65 | $-4.41 | ||
| Q4 24 | $0.60 | $9.66 | ||
| Q3 24 | $0.73 | $-3.29 | ||
| Q2 24 | $0.70 | $5.11 | ||
| Q1 24 | $0.59 | $6.93 |
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 | $319.0M | — |
| 总债务越低越好 | — | $6.3B |
| 股东权益账面价值 | $6.5B | $10.9B |
| 总资产 | $15.1B | $417.2B |
| 负债/权益比越低杠杆越低 | — | 0.57× |
8季度趋势，按日历期对齐
现金及短期投资LKQLNC
| Q4 25 | $319.0M | — | ||
| Q3 25 | $289.0M | — | ||
| Q2 25 | $289.0M | — | ||
| Q1 25 | $227.0M | — | ||
| Q4 24 | $234.0M | — | ||
| Q3 24 | $353.0M | — | ||
| Q2 24 | $276.0M | — | ||
| Q1 24 | $344.0M | — |
总债务LKQLNC
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $5.7B | ||
| Q1 24 | — | $5.7B |
股东权益LKQLNC
| Q4 25 | $6.5B | $10.9B | ||
| Q3 25 | $6.6B | $10.5B | ||
| Q2 25 | $6.5B | $9.5B | ||
| Q1 25 | $6.2B | $8.2B | ||
| Q4 24 | $6.0B | $8.3B | ||
| Q3 24 | $6.2B | $9.0B | ||
| Q2 24 | $6.1B | $7.9B | ||
| Q1 24 | $6.2B | $7.5B |
总资产LKQLNC
| Q4 25 | $15.1B | $417.2B | ||
| Q3 25 | $15.6B | $415.3B | ||
| Q2 25 | $15.9B | $399.1B | ||
| Q1 25 | $15.5B | $382.9B | ||
| Q4 24 | $15.0B | $390.8B | ||
| Q3 24 | $15.5B | $396.8B | ||
| Q2 24 | $15.2B | $384.5B | ||
| Q1 24 | $15.3B | $383.4B |
负债/权益比LKQLNC
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.72× | ||
| Q1 24 | — | 0.76× |
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 | $330.0M | $233.0M |
| 自由现金流经营现金流 - 资本支出 | $274.0M | — |
| 自由现金流率自由现金流/营收 | 9.0% | — |
| 资本支出强度资本支出/营收 | 1.8% | — |
| 现金转化率经营现金流/净利润 | 5.00× | 0.31× |
| 过去12个月自由现金流最近4个季度 | $847.0M | — |
8季度趋势，按日历期对齐
经营现金流LKQLNC
| Q4 25 | $330.0M | $233.0M | ||
| Q3 25 | $440.0M | $-1.1B | ||
| Q2 25 | $296.0M | $1.0B | ||
| Q1 25 | $-3.0M | $-272.0M | ||
| Q4 24 | $235.0M | $222.0M | ||
| Q3 24 | $420.0M | $-27.0M | ||
| Q2 24 | $213.0M | $-859.0M | ||
| Q1 24 | $253.0M | $-1.3B |
自由现金流LKQLNC
| Q4 25 | $274.0M | — | ||
| Q3 25 | $387.0M | — | ||
| Q2 25 | $243.0M | — | ||
| Q1 25 | $-57.0M | — | ||
| Q4 24 | $149.0M | — | ||
| Q3 24 | $341.0M | — | ||
| Q2 24 | $133.0M | — | ||
| Q1 24 | $187.0M | — |
自由现金流率LKQLNC
| Q4 25 | 9.0% | — | ||
| Q3 25 | 11.1% | — | ||
| Q2 25 | 6.7% | — | ||
| Q1 25 | -1.6% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 9.5% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 5.0% | — |
资本支出强度LKQLNC
| Q4 25 | 1.8% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 1.8% | — |
现金转化率LKQLNC
| Q4 25 | 5.00× | 0.31× | ||
| Q3 25 | 2.44× | -2.56× | ||
| Q2 25 | 1.53× | 1.45× | ||
| Q1 25 | -0.02× | — | ||
| Q4 24 | 1.50× | 0.13× | ||
| Q3 24 | 2.19× | — | ||
| Q2 24 | 1.15× | -0.96× | ||
| Q1 24 | 1.60× | -1.10× |
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
LKQ
| Partsand Services Domain | $1.3B | 42% |
| Other | $1.2B | 40% |
| DE | $463.0M | 15% |
| Other Revenue | $85.0M | 3% |
LNC
| Life Segment | $1.6B | 33% |
| Group Protection Segment | $1.5B | 31% |
| Annuities Segment | $1.3B | 27% |
| Other | $435.0M | 9% |
