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LOUISIANA-PACIFIC CORP（LPX）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是LOUISIANA-PACIFIC CORP的1.5倍（$862.2M vs $566.0M），美泰净利率更高（7.1% vs -1.4%，领先8.5%），美泰同比增速更快（4.3% vs -16.9%），LOUISIANA-PACIFIC CORP自由现金流更多（$-8.0M vs $-88.1M），过去两年美泰的营收复合增速更高（-10.6% 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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
LPX vs MAT — 直观对比
营收规模更大
MAT
是对方的1.5倍
$566.0M
营收增速更快
MAT
高出21.2%
-16.9%
净利率更高
MAT
高出8.5%
-1.4%
自由现金流更多
LPX
多$80.1M
$-88.1M
两年增速更快
MAT
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $862.2M |
| 净利润 | $-8.0M | $61.0M |
| 毛利率 | 15.0% | 44.9% |
| 营业利润率 | -1.6% | — |
| 净利率 | -1.4% | 7.1% |
| 营收同比 | -16.9% | 4.3% |
| 净利润同比 | -112.9% | 251.4% |
| 每股收益（稀释后） | $-0.12 | $0.20 |
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LPXMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $566.0M | $1.8B | ||
| Q3 25 | $663.0M | $1.7B | ||
| Q2 25 | $755.0M | $1.0B | ||
| Q1 25 | $724.0M | $826.6M | ||
| Q4 24 | $681.0M | $1.6B | ||
| Q3 24 | $722.0M | $1.8B | ||
| Q2 24 | $814.0M | $1.1B |
净利润LPXMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $-8.0M | $106.2M | ||
| Q3 25 | $9.0M | $278.4M | ||
| Q2 25 | $54.0M | $53.4M | ||
| Q1 25 | $91.0M | $-40.3M | ||
| Q4 24 | $62.0M | $140.9M | ||
| Q3 24 | $90.0M | $372.4M | ||
| Q2 24 | $160.0M | $56.9M |
毛利率LPXMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 15.0% | 45.9% | ||
| Q3 25 | 19.5% | 50.0% | ||
| Q2 25 | 23.6% | 50.9% | ||
| Q1 25 | 27.2% | 49.4% | ||
| Q4 24 | 23.8% | 50.7% | ||
| Q3 24 | 26.7% | 53.1% | ||
| Q2 24 | 32.3% | 49.2% |
营业利润率LPXMAT
| Q1 26 | — | — | ||
| Q4 25 | -1.6% | 8.0% | ||
| Q3 25 | 2.7% | 21.9% | ||
| Q2 25 | 10.6% | 7.7% | ||
| Q1 25 | 16.6% | -6.4% | ||
| Q4 24 | 11.0% | 9.6% | ||
| Q3 24 | 16.1% | 26.5% | ||
| Q2 24 | 23.8% | 7.7% |
净利率LPXMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | -1.4% | 6.0% | ||
| Q3 25 | 1.4% | 16.0% | ||
| Q2 25 | 7.2% | 5.2% | ||
| Q1 25 | 12.6% | -4.9% | ||
| Q4 24 | 9.1% | 8.6% | ||
| Q3 24 | 12.5% | 20.2% | ||
| Q2 24 | 19.7% | 5.3% |
每股收益（稀释后）LPXMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $-0.12 | $0.32 | ||
| Q3 25 | $0.13 | $0.88 | ||
| Q2 25 | $0.77 | $0.16 | ||
| Q1 25 | $1.30 | $-0.12 | ||
| Q4 24 | $0.90 | $0.40 | ||
| Q3 24 | $1.28 | $1.09 | ||
| Q2 24 | $2.23 | $0.17 |
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 | $866.0M |
| 总债务越低越好 | $348.0M | $2.3B |
| 股东权益账面价值 | $1.7B | $2.1B |
| 总资产 | $2.6B | $6.3B |
| 负债/权益比越低杠杆越低 | 0.20× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资LPXMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $292.0M | $1.2B | ||
| Q3 25 | $316.0M | $691.9M | ||
| Q2 25 | $333.0M | $870.5M | ||
| Q1 25 | $256.0M | $1.2B | ||
| Q4 24 | $340.0M | $1.4B | ||
| Q3 24 | $346.0M | $723.5M | ||
| Q2 24 | $317.0M | $722.4M |
总债务LPXMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $348.0M | $2.3B | ||
| Q3 25 | $348.0M | $2.3B | ||
| Q2 25 | $348.0M | $2.3B | ||
| Q1 25 | $348.0M | $2.3B | ||
| Q4 24 | $348.0M | $2.3B | ||
| Q3 24 | $347.0M | $2.3B | ||
| Q2 24 | $347.0M | $2.3B |
股东权益LPXMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.7B | $2.2B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.7B | $2.1B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $1.7B | $2.3B | ||
| Q2 24 | $1.7B | $2.0B |
总资产LPXMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $2.6B | $6.6B | ||
| Q3 25 | $2.6B | $6.6B | ||
| Q2 25 | $2.7B | $6.2B | ||
| Q1 25 | $2.6B | $6.2B | ||
| Q4 24 | $2.6B | $6.5B | ||
| Q3 24 | $2.6B | $6.5B | ||
| Q2 24 | $2.5B | $5.9B |
负债/权益比LPXMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | 0.20× | 1.04× | ||
| Q3 25 | 0.20× | 1.03× | ||
| Q2 25 | 0.20× | 1.08× | ||
| Q1 25 | 0.21× | 1.10× | ||
| Q4 24 | 0.21× | 1.03× | ||
| Q3 24 | 0.21× | 1.01× | ||
| Q2 24 | 0.21× | 1.18× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $-88.1M |
| 自由现金流率自由现金流/营收 | -1.4% | -10.2% |
| 资本支出强度资本支出/营收 | 13.3% | 7.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $91.0M | — |
8季度趋势，按日历期对齐
经营现金流LPXMAT
| Q1 26 | — | — | ||
| Q4 25 | $67.0M | $796.6M | ||
| Q3 25 | $89.0M | $72.0M | ||
| Q2 25 | $162.0M | $-300.1M | ||
| Q1 25 | $64.0M | $24.8M | ||
| Q4 24 | $105.0M | $862.1M | ||
| Q3 24 | $183.0M | $155.8M | ||
| Q2 24 | $212.0M | $-252.9M |
自由现金流LPXMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $-8.0M | — | ||
| Q3 25 | $5.0M | — | ||
| Q2 25 | $94.0M | — | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $43.0M | — | ||
| Q3 24 | $139.0M | — | ||
| Q2 24 | $176.0M | — |
自由现金流率LPXMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | -1.4% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 19.3% | — | ||
| Q2 24 | 21.6% | — |
资本支出强度LPXMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 13.3% | — | ||
| Q3 25 | 12.7% | — | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | 8.8% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 6.1% | — | ||
| Q2 24 | 4.4% | — |
现金转化率LPXMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | 9.89× | 0.26× | ||
| Q2 25 | 3.00× | -5.62× | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 1.69× | 6.12× | ||
| Q3 24 | 2.03× | 0.42× | ||
| Q2 24 | 1.32× | -4.45× |
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% |
MAT
暂无分部数据
