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LOUISIANA-PACIFIC CORP（LPX）与乐至宝（LZB）财务数据对比。点击上方公司名可切换其他公司
LOUISIANA-PACIFIC CORP的季度营收约是乐至宝的1.0倍（$566.0M vs $541.6M），乐至宝净利率更高（4.0% vs -1.4%，领先5.4%），乐至宝同比增速更快（3.8% vs -16.9%），乐至宝自由现金流更多（$71.6M vs $-8.0M），过去两年乐至宝的营收复合增速更高（-1.1% vs -11.6%）
路易斯安那-太平洋公司（简称LP）是美国知名建材制造商，成立于1973年，是美国定向结构刨花板（OSB）生产的开创者，总部现位于田纳西州纳什维尔。作为全球最大的OSB生产商，公司还生产工程木建材产品，通过建材分销商、经销商及家居零售中心向建筑商和业主供货。
La-Z-Boy是总部位于美国密歇根州门罗的家具制造企业，主打居家家具产品，涵盖软垫 recliner、沙发、固定座椅、升降椅、沙发床等品类，全球员工规模超过11000人，是休闲家居领域的知名品牌。
LPX vs LZB — 直观对比
营收规模更大
LPX
是对方的1.0倍
$541.6M
营收增速更快
LZB
高出20.7%
-16.9%
净利率更高
LZB
高出5.4%
-1.4%
自由现金流更多
LZB
多$79.6M
$-8.0M
两年增速更快
LZB
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $541.6M |
| 净利润 | $-8.0M | $21.6M |
| 毛利率 | 15.0% | 43.1% |
| 营业利润率 | -1.6% | 5.5% |
| 净利率 | -1.4% | 4.0% |
| 营收同比 | -16.9% | 3.8% |
| 净利润同比 | -112.9% | -23.8% |
| 每股收益（稀释后） | $-0.12 | $0.52 |
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LPXLZB
| Q1 26 | — | $541.6M | ||
| Q4 25 | $566.0M | $522.5M | ||
| Q3 25 | $663.0M | $492.2M | ||
| Q2 25 | $755.0M | $570.9M | ||
| Q1 25 | $724.0M | $521.8M | ||
| Q4 24 | $681.0M | $521.0M | ||
| Q3 24 | $722.0M | $495.5M | ||
| Q2 24 | $814.0M | $553.5M |
净利润LPXLZB
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-8.0M | $28.9M | ||
| Q3 25 | $9.0M | $18.2M | ||
| Q2 25 | $54.0M | $14.9M | ||
| Q1 25 | $91.0M | $28.4M | ||
| Q4 24 | $62.0M | $30.0M | ||
| Q3 24 | $90.0M | $26.2M | ||
| Q2 24 | $160.0M | $39.3M |
毛利率LPXLZB
| Q1 26 | — | 43.1% | ||
| Q4 25 | 15.0% | 44.2% | ||
| Q3 25 | 19.5% | 42.5% | ||
| Q2 25 | 23.6% | 44.0% | ||
| Q1 25 | 27.2% | 44.3% | ||
| Q4 24 | 23.8% | 44.3% | ||
| Q3 24 | 26.7% | 43.1% | ||
| Q2 24 | 32.3% | 43.4% |
营业利润率LPXLZB
| Q1 26 | — | 5.5% | ||
| Q4 25 | -1.6% | 6.9% | ||
| Q3 25 | 2.7% | 4.5% | ||
| Q2 25 | 10.6% | 5.2% | ||
| Q1 25 | 16.6% | 6.7% | ||
| Q4 24 | 11.0% | 7.4% | ||
| Q3 24 | 16.1% | 6.5% | ||
| Q2 24 | 23.8% | 9.1% |
净利率LPXLZB
| Q1 26 | — | 4.0% | ||
| Q4 25 | -1.4% | 5.5% | ||
| Q3 25 | 1.4% | 3.7% | ||
| Q2 25 | 7.2% | 2.6% | ||
| Q1 25 | 12.6% | 5.4% | ||
| Q4 24 | 9.1% | 5.8% | ||
| Q3 24 | 12.5% | 5.3% | ||
| Q2 24 | 19.7% | 7.1% |
每股收益（稀释后）LPXLZB
| Q1 26 | — | $0.52 | ||
| Q4 25 | $-0.12 | $0.70 | ||
| Q3 25 | $0.13 | $0.44 | ||
| Q2 25 | $0.77 | $0.35 | ||
| Q1 25 | $1.30 | $0.68 | ||
| Q4 24 | $0.90 | $0.71 | ||
| Q3 24 | $1.28 | $0.61 | ||
| Q2 24 | $2.23 | $0.91 |
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 | $292.0M | $306.1M |
| 总债务越低越好 | $348.0M | — |
| 股东权益账面价值 | $1.7B | $1.0B |
| 总资产 | $2.6B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.20× | — |
8季度趋势，按日历期对齐
现金及短期投资LPXLZB
| Q1 26 | — | $306.1M | ||
| Q4 25 | $292.0M | $338.5M | ||
| Q3 25 | $316.0M | $318.5M | ||
| Q2 25 | $333.0M | $328.4M | ||
| Q1 25 | $256.0M | $314.6M | ||
| Q4 24 | $340.0M | $303.1M | ||
| Q3 24 | $346.0M | $342.3M | ||
| Q2 24 | $317.0M | $341.1M |
总债务LPXLZB
| Q1 26 | — | — | ||
| Q4 25 | $348.0M | — | ||
| Q3 25 | $348.0M | — | ||
| Q2 25 | $348.0M | — | ||
| Q1 25 | $348.0M | — | ||
| Q4 24 | $348.0M | — | ||
| Q3 24 | $347.0M | — | ||
| Q2 24 | $347.0M | — |
股东权益LPXLZB
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.7B | $999.2M | ||
| Q2 24 | $1.7B | $1.0B |
总资产LPXLZB
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.6B | $2.0B | ||
| Q3 25 | $2.6B | $1.9B | ||
| Q2 25 | $2.7B | $1.9B | ||
| Q1 25 | $2.6B | $2.0B | ||
| Q4 24 | $2.6B | $1.9B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.5B | $1.9B |
负债/权益比LPXLZB
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.21× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.21× | — | ||
| Q2 24 | 0.21× | — |
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 | $67.0M | $89.4M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $71.6M |
| 自由现金流率自由现金流/营收 | -1.4% | 13.2% |
| 资本支出强度资本支出/营收 | 13.3% | 3.3% |
| 现金转化率经营现金流/净利润 | — | 4.13× |
| 过去12个月自由现金流最近4个季度 | $91.0M | $158.2M |
8季度趋势，按日历期对齐
经营现金流LPXLZB
| Q1 26 | — | $89.4M | ||
| Q4 25 | $67.0M | $50.0M | ||
| Q3 25 | $89.0M | $36.3M | ||
| Q2 25 | $162.0M | $62.0M | ||
| Q1 25 | $64.0M | $57.0M | ||
| Q4 24 | $105.0M | $15.9M | ||
| Q3 24 | $183.0M | $52.3M | ||
| Q2 24 | $212.0M | $52.8M |
自由现金流LPXLZB
| Q1 26 | — | $71.6M | ||
| Q4 25 | $-8.0M | $29.6M | ||
| Q3 25 | $5.0M | $17.8M | ||
| Q2 25 | $94.0M | $39.3M | ||
| Q1 25 | $0 | $38.2M | ||
| Q4 24 | $43.0M | $-1.2M | ||
| Q3 24 | $139.0M | $36.7M | ||
| Q2 24 | $176.0M | $37.3M |
自由现金流率LPXLZB
| Q1 26 | — | 13.2% | ||
| Q4 25 | -1.4% | 5.7% | ||
| Q3 25 | 0.8% | 3.6% | ||
| Q2 25 | 12.5% | 6.9% | ||
| Q1 25 | 0.0% | 7.3% | ||
| Q4 24 | 6.3% | -0.2% | ||
| Q3 24 | 19.3% | 7.4% | ||
| Q2 24 | 21.6% | 6.7% |
资本支出强度LPXLZB
| Q1 26 | — | 3.3% | ||
| Q4 25 | 13.3% | 3.9% | ||
| Q3 25 | 12.7% | 3.8% | ||
| Q2 25 | 9.0% | 4.0% | ||
| Q1 25 | 8.8% | 3.6% | ||
| Q4 24 | 9.1% | 3.3% | ||
| Q3 24 | 6.1% | 3.2% | ||
| Q2 24 | 4.4% | 2.8% |
现金转化率LPXLZB
| Q1 26 | — | 4.13× | ||
| Q4 25 | — | 1.73× | ||
| Q3 25 | 9.89× | 1.99× | ||
| Q2 25 | 3.00× | 4.15× | ||
| Q1 25 | 0.70× | 2.01× | ||
| Q4 24 | 1.69× | 0.53× | ||
| Q3 24 | 2.03× | 2.00× | ||
| Q2 24 | 1.32× | 1.34× |
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
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
LZB
| Stationary Upholstery Furniture | $286.2M | 53% |
| Retail Segment | $251.9M | 47% |
