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LPL Financial Holdings Inc.（LPLA）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
LPL Financial Holdings Inc.的季度营收约是史密斯菲尔德食品的1.3倍（$4.9B vs $3.8B），史密斯菲尔德食品净利率更高（6.6% vs 6.1%，领先0.5%），LPL Financial Holdings Inc.同比增速更快（40.4% vs 0.8%），过去两年LPL Financial Holdings Inc.的营收复合增速更高（32.0% vs 5.5%）
LPL Financial Holdings Inc.成立于1989年，是美国规模最大的独立经纪自营商。截至2021年，公司拥有超17500名财务顾问，咨询及经纪类资产规模超1万亿美元，2023财年总营收约103亿美元，在波士顿、福特米尔、奥斯汀、圣迭戈设有核心办事处，是FINRA和SIPC成员。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
LPLA vs SFD — 直观对比
营收规模更大
LPLA
是对方的1.3倍
$3.8B
营收增速更快
LPLA
高出39.7%
0.8%
净利率更高
SFD
高出0.5%
6.1%
两年增速更快
LPLA
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $3.8B |
| 净利润 | $300.7M | $249.0M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 8.1% | 8.8% |
| 净利率 | 6.1% | 6.6% |
| 营收同比 | 40.4% | 0.8% |
| 净利润同比 | 11.1% | 9.7% |
| 每股收益（稀释后） | $3.65 | — |
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LPLASFD
| Q1 26 | — | $3.8B | ||
| Q4 25 | $4.9B | $4.2B | ||
| Q3 25 | $4.6B | $3.7B | ||
| Q2 25 | $3.8B | $3.8B | ||
| Q1 25 | $3.7B | $3.8B | ||
| Q4 24 | $3.5B | $4.0B | ||
| Q3 24 | $3.1B | $3.3B | ||
| Q2 24 | $2.9B | $3.4B |
净利润LPLASFD
| Q1 26 | — | $249.0M | ||
| Q4 25 | $300.7M | $327.0M | ||
| Q3 25 | $-29.5M | $248.0M | ||
| Q2 25 | $273.2M | $188.0M | ||
| Q1 25 | $318.6M | $224.0M | ||
| Q4 24 | $270.7M | $205.0M | ||
| Q3 24 | $255.3M | $291.0M | ||
| Q2 24 | $243.8M | $301.0M |
毛利率LPLASFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | 15.4% |
营业利润率LPLASFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 8.1% | 9.5% | ||
| Q3 25 | -0.7% | 8.3% | ||
| Q2 25 | 9.6% | 6.9% | ||
| Q1 25 | 11.4% | 8.5% | ||
| Q4 24 | 9.7% | 8.5% | ||
| Q3 24 | 11.2% | 8.5% | ||
| Q2 24 | 11.3% | 9.8% |
净利率LPLASFD
| Q1 26 | — | 6.6% | ||
| Q4 25 | 6.1% | 7.7% | ||
| Q3 25 | -0.6% | 6.6% | ||
| Q2 25 | 7.1% | 5.0% | ||
| Q1 25 | 8.7% | 5.9% | ||
| Q4 24 | 7.7% | 5.2% | ||
| Q3 24 | 8.2% | 8.7% | ||
| Q2 24 | 8.3% | 8.8% |
每股收益（稀释后）LPLASFD
| Q1 26 | — | — | ||
| Q4 25 | $3.65 | $0.83 | ||
| Q3 25 | $-0.37 | $0.63 | ||
| Q2 25 | $3.40 | $0.48 | ||
| Q1 25 | $4.24 | $0.57 | ||
| Q4 24 | $3.58 | $0.54 | ||
| Q3 24 | $3.39 | $0.77 | ||
| Q2 24 | $3.23 | $0.79 |
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 | $1.1B | $1.4B |
| 总债务越低越好 | $7.3B | — |
| 股东权益账面价值 | $5.3B | $6.9B |
| 总资产 | $18.5B | $12.0B |
| 负债/权益比越低杠杆越低 | 1.36× | — |
8季度趋势，按日历期对齐
现金及短期投资LPLASFD
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.4B | — |
总债务LPLASFD
| Q1 26 | — | — | ||
| Q4 25 | $7.3B | $2.0B | ||
| Q3 25 | $7.5B | $2.0B | ||
| Q2 25 | $7.2B | $2.0B | ||
| Q1 25 | $5.7B | $2.0B | ||
| Q4 24 | $5.5B | $2.0B | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.4B | — |
股东权益LPLASFD
| Q1 26 | — | $6.9B | ||
| Q4 25 | $5.3B | $6.8B | ||
| Q3 25 | $5.0B | $6.5B | ||
| Q2 25 | $5.1B | $6.3B | ||
| Q1 25 | $3.1B | $6.2B | ||
| Q4 24 | $2.9B | $5.8B | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.5B | — |
总资产LPLASFD
| Q1 26 | — | $12.0B | ||
| Q4 25 | $18.5B | $12.2B | ||
| Q3 25 | $18.0B | $11.5B | ||
| Q2 25 | $17.5B | $11.2B | ||
| Q1 25 | $14.0B | $11.1B | ||
| Q4 24 | $13.3B | $11.1B | ||
| Q3 24 | $11.9B | — | ||
| Q2 24 | $11.5B | — |
负债/权益比LPLASFD
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 0.29× | ||
| Q3 25 | 1.49× | 0.31× | ||
| Q2 25 | 1.41× | 0.32× | ||
| Q1 25 | 1.82× | 0.32× | ||
| Q4 24 | 1.87× | 0.34× | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 1.77× | — |
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 | $785.0M | — |
| 自由现金流经营现金流 - 资本支出 | $613.3M | — |
| 自由现金流率自由现金流/营收 | 12.4% | — |
| 资本支出强度资本支出/营收 | 3.5% | 2.3% |
| 现金转化率经营现金流/净利润 | 2.61× | — |
| 过去12个月自由现金流最近4个季度 | $-981.8M | — |
8季度趋势，按日历期对齐
经营现金流LPLASFD
| Q1 26 | — | — | ||
| Q4 25 | $785.0M | $938.0M | ||
| Q3 25 | $-1.7B | $13.0M | ||
| Q2 25 | $193.3M | $274.0M | ||
| Q1 25 | $339.8M | $-166.0M | ||
| Q4 24 | $-178.8M | — | ||
| Q3 24 | $209.3M | — | ||
| Q2 24 | $-178.9M | — |
自由现金流LPLASFD
| Q1 26 | — | — | ||
| Q4 25 | $613.3M | $842.0M | ||
| Q3 25 | $-1.9B | $-75.0M | ||
| Q2 25 | $56.3M | $196.0M | ||
| Q1 25 | $220.3M | $-245.0M | ||
| Q4 24 | $-344.3M | — | ||
| Q3 24 | $62.3M | — | ||
| Q2 24 | $-307.8M | — |
自由现金流率LPLASFD
| Q1 26 | — | — | ||
| Q4 25 | 12.4% | 19.9% | ||
| Q3 25 | -41.1% | -2.0% | ||
| Q2 25 | 1.5% | 5.2% | ||
| Q1 25 | 6.0% | -6.5% | ||
| Q4 24 | -9.8% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | -10.5% | — |
资本支出强度LPLASFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 3.5% | 2.3% | ||
| Q3 25 | 3.1% | 2.3% | ||
| Q2 25 | 3.6% | 2.1% | ||
| Q1 25 | 3.3% | 2.1% | ||
| Q4 24 | 4.7% | 2.1% | ||
| Q3 24 | 4.7% | 2.8% | ||
| Q2 24 | 4.4% | 2.3% |
现金转化率LPLASFD
| Q1 26 | — | — | ||
| Q4 25 | 2.61× | 2.87× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | 0.71× | 1.46× | ||
| Q1 25 | 1.07× | -0.74× | ||
| Q4 24 | -0.66× | — | ||
| Q3 24 | 0.82× | — | ||
| Q2 24 | -0.73× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
