vs
Limbach Holdings, Inc.（LMB）与SunPower Inc.（SPWR）财务数据对比。点击上方公司名可切换其他公司
Limbach Holdings, Inc.的季度营收约是SunPower Inc.的2.3倍（$186.9M vs $79.7M）。Limbach Holdings, Inc.净利率更高（6.6% vs -17.8%，领先24.3%）。Limbach Holdings, Inc.同比增速更快（30.1% vs -10.1%）。过去两年SunPower Inc.的营收复合增速更高（181.8% vs 25.3%）
林巴赫航空发动机是一家由中资控股、总部位于德国的企业，主营航空发动机的研发与制造业务，在航空动力装备领域拥有成熟的生产技术与行业经验。
SunPower是一家美国光伏太阳能发电系统与储能电池产品供应商，主要服务住宅客户。公司由斯坦福大学电气工程教授理查德·斯旺森于1985年创立，总部位于加利福尼亚州圣何塞。赛普拉斯半导体2002年收购该公司多数股权后推动其快速发展，SunPower最终于2005年完成上市，目前是全球光伏领域知名企业。
LMB vs SPWR — 直观对比
营收规模更大
LMB
是对方的2.3倍
$79.7M
营收增速更快
LMB
高出40.2%
-10.1%
净利率更高
LMB
高出24.3%
-17.8%
两年增速更快
SPWR
近两年复合增速
25.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $186.9M | $79.7M |
| 净利润 | $12.3M | $-14.2M |
| 毛利率 | 25.7% | 35.5% |
| 营业利润率 | 9.4% | -27.4% |
| 净利率 | 6.6% | -17.8% |
| 营收同比 | 30.1% | -10.1% |
| 净利润同比 | 25.0% | -130.1% |
| 每股收益（稀释后） | $1.01 | $-0.05 |
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LMBSPWR
| Q4 25 | $186.9M | $79.7M | ||
| Q3 25 | $184.6M | $22.0M | ||
| Q2 25 | $142.2M | $67.5M | ||
| Q1 25 | $133.1M | $82.7M | ||
| Q4 24 | $143.7M | $88.7M | ||
| Q3 24 | $133.9M | $5.5M | ||
| Q2 24 | $122.2M | $4.5M | ||
| Q1 24 | $119.0M | $10.0M |
净利润LMBSPWR
| Q4 25 | $12.3M | $-14.2M | ||
| Q3 25 | $8.8M | $-16.9M | ||
| Q2 25 | $7.8M | $-22.4M | ||
| Q1 25 | $10.2M | $8.1M | ||
| Q4 24 | $9.8M | $47.0M | ||
| Q3 24 | $7.5M | $-78.0M | ||
| Q2 24 | $6.0M | $-15.9M | ||
| Q1 24 | $7.6M | $-9.6M |
毛利率LMBSPWR
| Q4 25 | 25.7% | 35.5% | ||
| Q3 25 | 24.2% | — | ||
| Q2 25 | 28.0% | 42.6% | ||
| Q1 25 | 27.6% | 48.5% | ||
| Q4 24 | 30.3% | 46.5% | ||
| Q3 24 | 27.0% | -57.0% | ||
| Q2 24 | 27.4% | -19.9% | ||
| Q1 24 | 26.1% | 22.7% |
营业利润率LMBSPWR
| Q4 25 | 9.4% | -27.4% | ||
| Q3 25 | 7.2% | -15.7% | ||
| Q2 25 | 7.5% | -4.0% | ||
| Q1 25 | 5.9% | 1.3% | ||
| Q4 24 | 9.1% | -24.2% | ||
| Q3 24 | 8.1% | -541.4% | ||
| Q2 24 | 6.7% | -211.4% | ||
| Q1 24 | 5.5% | -75.1% |
净利率LMBSPWR
| Q4 25 | 6.6% | -17.8% | ||
| Q3 25 | 4.8% | -76.9% | ||
| Q2 25 | 5.5% | -33.2% | ||
| Q1 25 | 7.7% | 9.8% | ||
| Q4 24 | 6.9% | 53.0% | ||
| Q3 24 | 5.6% | -1408.2% | ||
| Q2 24 | 4.9% | -353.8% | ||
| Q1 24 | 6.4% | -95.5% |
每股收益（稀释后）LMBSPWR
| Q4 25 | $1.01 | $-0.05 | ||
| Q3 25 | $0.73 | $-0.19 | ||
| Q2 25 | $0.64 | $-0.28 | ||
| Q1 25 | $0.85 | $0.00 | ||
| Q4 24 | $0.81 | $0.27 | ||
| Q3 24 | $0.62 | $-1.03 | ||
| Q2 24 | $0.50 | $-0.26 | ||
| Q1 24 | $0.64 | $-0.20 |
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 | $11.3M | $9.6M |
| 总债务越低越好 | $30.5M | $164.8M |
| 股东权益账面价值 | $195.7M | $-90.1M |
| 总资产 | $381.1M | $241.2M |
| 负债/权益比越低杠杆越低 | 0.16× | — |
8季度趋势，按日历期对齐
现金及短期投资LMBSPWR
| Q4 25 | $11.3M | $9.6M | ||
| Q3 25 | $9.8M | $5.1M | ||
| Q2 25 | $38.9M | $11.1M | ||
| Q1 25 | $38.1M | $10.6M | ||
| Q4 24 | $44.9M | $13.4M | ||
| Q3 24 | $51.2M | $79.5M | ||
| Q2 24 | $59.5M | $1.8M | ||
| Q1 24 | $48.2M | $1.8M |
总债务LMBSPWR
| Q4 25 | $30.5M | $164.8M | ||
| Q3 25 | $56.3M | $204.3M | ||
| Q2 25 | $28.4M | $152.9M | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $23.6M | $147.3M | ||
| Q3 24 | $20.5M | — | ||
| Q2 24 | $19.7M | — | ||
| Q1 24 | $19.4M | — |
股东权益LMBSPWR
| Q4 25 | $195.7M | $-90.1M | ||
| Q3 25 | $181.6M | $-112.3M | ||
| Q2 25 | $170.5M | $-107.2M | ||
| Q1 25 | $161.1M | $-89.0M | ||
| Q4 24 | $153.5M | $-97.5M | ||
| Q3 24 | $142.2M | $-142.7M | ||
| Q2 24 | $133.0M | $-92.0M | ||
| Q1 24 | $125.5M | $-85.1M |
总资产LMBSPWR
| Q4 25 | $381.1M | $241.2M | ||
| Q3 25 | $409.1M | $208.3M | ||
| Q2 25 | $343.0M | $163.1M | ||
| Q1 25 | $336.4M | $147.8M | ||
| Q4 24 | $352.1M | $144.5M | ||
| Q3 24 | $324.4M | $107.9M | ||
| Q2 24 | $303.9M | $33.4M | ||
| Q1 24 | $289.2M | $40.9M |
负债/权益比LMBSPWR
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.15× | — |
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 | $28.1M | $-1.9M |
| 自由现金流经营现金流 - 资本支出 | $27.9M | — |
| 自由现金流率自由现金流/营收 | 14.9% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | 2.29× | — |
| 过去12个月自由现金流最近4个季度 | $41.9M | — |
8季度趋势，按日历期对齐
经营现金流LMBSPWR
| Q4 25 | $28.1M | $-1.9M | ||
| Q3 25 | $13.3M | $-6.4M | ||
| Q2 25 | $2.0M | $-4.4M | ||
| Q1 25 | $2.2M | $-2.6M | ||
| Q4 24 | $19.3M | $-25.6M | ||
| Q3 24 | $4.9M | $-21.5M | ||
| Q2 24 | $16.5M | $-2.7M | ||
| Q1 24 | $-3.9M | $-4.9M |
自由现金流LMBSPWR
| Q4 25 | $27.9M | — | ||
| Q3 25 | $12.8M | — | ||
| Q2 25 | $1.2M | — | ||
| Q1 25 | $11.0K | — | ||
| Q4 24 | $18.0M | — | ||
| Q3 24 | $4.6M | — | ||
| Q2 24 | $13.2M | — | ||
| Q1 24 | $-6.5M | — |
自由现金流率LMBSPWR
| Q4 25 | 14.9% | — | ||
| Q3 25 | 7.0% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | -5.5% | — |
资本支出强度LMBSPWR
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 2.1% | — |
现金转化率LMBSPWR
| Q4 25 | 2.29× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.22× | -0.32× | ||
| Q4 24 | 1.96× | -0.54× | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 2.77× | — | ||
| Q1 24 | -0.52× | — |
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
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
SPWR
| Residential Solar Installation | $46.9M | 59% |
| New Homes Business | $22.7M | 29% |
| Other | $10.1M | 13% |
