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LOUISIANA-PACIFIC CORP（LPX）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
美森的季度营收约是LOUISIANA-PACIFIC CORP的1.5倍（$851.9M vs $566.0M），美森净利率更高（16.8% vs -1.4%，领先18.2%），美森同比增速更快（-4.3% vs -16.9%），美森自由现金流更多（$42.2M vs $-8.0M），过去两年美森的营收复合增速更高（8.6% 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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
LPX vs MATX — 直观对比
营收规模更大
MATX
是对方的1.5倍
$566.0M
营收增速更快
MATX
高出12.6%
-16.9%
净利率更高
MATX
高出18.2%
-1.4%
自由现金流更多
MATX
多$50.2M
$-8.0M
两年增速更快
MATX
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $851.9M |
| 净利润 | $-8.0M | $143.1M |
| 毛利率 | 15.0% | — |
| 营业利润率 | -1.6% | 16.9% |
| 净利率 | -1.4% | 16.8% |
| 营收同比 | -16.9% | -4.3% |
| 净利润同比 | -112.9% | 11.8% |
| 每股收益（稀释后） | $-0.12 | $4.47 |
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LPXMATX
| Q4 25 | $566.0M | $851.9M | ||
| Q3 25 | $663.0M | $880.1M | ||
| Q2 25 | $755.0M | $830.5M | ||
| Q1 25 | $724.0M | $782.0M | ||
| Q4 24 | $681.0M | $890.3M | ||
| Q3 24 | $722.0M | $962.0M | ||
| Q2 24 | $814.0M | $847.4M | ||
| Q1 24 | $724.0M | $722.1M |
净利润LPXMATX
| Q4 25 | $-8.0M | $143.1M | ||
| Q3 25 | $9.0M | $134.7M | ||
| Q2 25 | $54.0M | $94.7M | ||
| Q1 25 | $91.0M | $72.3M | ||
| Q4 24 | $62.0M | $128.0M | ||
| Q3 24 | $90.0M | $199.1M | ||
| Q2 24 | $160.0M | $113.2M | ||
| Q1 24 | $108.0M | $36.1M |
毛利率LPXMATX
| Q4 25 | 15.0% | — | ||
| Q3 25 | 19.5% | — | ||
| Q2 25 | 23.6% | — | ||
| Q1 25 | 27.2% | — | ||
| Q4 24 | 23.8% | — | ||
| Q3 24 | 26.7% | — | ||
| Q2 24 | 32.3% | — | ||
| Q1 24 | 29.6% | — |
营业利润率LPXMATX
| Q4 25 | -1.6% | 16.9% | ||
| Q3 25 | 2.7% | 18.3% | ||
| Q2 25 | 10.6% | 13.6% | ||
| Q1 25 | 16.6% | 10.5% | ||
| Q4 24 | 11.0% | 16.6% | ||
| Q3 24 | 16.1% | 25.2% | ||
| Q2 24 | 23.8% | 14.7% | ||
| Q1 24 | 20.0% | 5.1% |
净利率LPXMATX
| Q4 25 | -1.4% | 16.8% | ||
| Q3 25 | 1.4% | 15.3% | ||
| Q2 25 | 7.2% | 11.4% | ||
| Q1 25 | 12.6% | 9.2% | ||
| Q4 24 | 9.1% | 14.4% | ||
| Q3 24 | 12.5% | 20.7% | ||
| Q2 24 | 19.7% | 13.4% | ||
| Q1 24 | 14.9% | 5.0% |
每股收益（稀释后）LPXMATX
| Q4 25 | $-0.12 | $4.47 | ||
| Q3 25 | $0.13 | $4.24 | ||
| Q2 25 | $0.77 | $2.92 | ||
| Q1 25 | $1.30 | $2.18 | ||
| Q4 24 | $0.90 | $3.69 | ||
| Q3 24 | $1.28 | $5.89 | ||
| Q2 24 | $2.23 | $3.31 | ||
| Q1 24 | $1.48 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | $348.0M | $361.2M |
| 股东权益账面价值 | $1.7B | $2.8B |
| 总资产 | $2.6B | $4.6B |
| 负债/权益比越低杠杆越低 | 0.20× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资LPXMATX
| Q4 25 | $292.0M | $141.9M | ||
| Q3 25 | $316.0M | $92.7M | ||
| Q2 25 | $333.0M | $59.1M | ||
| Q1 25 | $256.0M | $122.0M | ||
| Q4 24 | $340.0M | $266.8M | ||
| Q3 24 | $346.0M | $270.3M | ||
| Q2 24 | $317.0M | $168.2M | ||
| Q1 24 | $244.0M | $25.9M |
总债务LPXMATX
| Q4 25 | $348.0M | $361.2M | ||
| Q3 25 | $348.0M | $370.9M | ||
| Q2 25 | $348.0M | $341.3M | ||
| Q1 25 | $348.0M | $351.1M | ||
| Q4 24 | $348.0M | $361.2M | ||
| Q3 24 | $347.0M | $370.9M | ||
| Q2 24 | $347.0M | $381.0M | ||
| Q1 24 | $347.0M | $390.8M |
股东权益LPXMATX
| Q4 25 | $1.7B | $2.8B | ||
| Q3 25 | $1.7B | $2.7B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.7B | $2.6B | ||
| Q4 24 | $1.7B | $2.7B | ||
| Q3 24 | $1.7B | $2.6B | ||
| Q2 24 | $1.7B | $2.4B | ||
| Q1 24 | $1.6B | $2.4B |
总资产LPXMATX
| Q4 25 | $2.6B | $4.6B | ||
| Q3 25 | $2.6B | $4.6B | ||
| Q2 25 | $2.7B | $4.5B | ||
| Q1 25 | $2.6B | $4.5B | ||
| Q4 24 | $2.6B | $4.6B | ||
| Q3 24 | $2.6B | $4.4B | ||
| Q2 24 | $2.5B | $4.3B | ||
| Q1 24 | $2.5B | $4.2B |
负债/权益比LPXMATX
| Q4 25 | 0.20× | 0.13× | ||
| Q3 25 | 0.20× | 0.14× | ||
| Q2 25 | 0.20× | 0.13× | ||
| Q1 25 | 0.21× | 0.13× | ||
| Q4 24 | 0.21× | 0.14× | ||
| Q3 24 | 0.21× | 0.15× | ||
| Q2 24 | 0.21× | 0.16× | ||
| Q1 24 | 0.21× | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $42.2M |
| 自由现金流率自由现金流/营收 | -1.4% | 5.0% |
| 资本支出强度资本支出/营收 | 13.3% | 15.8% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | $91.0M | $153.7M |
8季度趋势，按日历期对齐
经营现金流LPXMATX
| Q4 25 | $67.0M | $176.9M | ||
| Q3 25 | $89.0M | $175.6M | ||
| Q2 25 | $162.0M | $105.6M | ||
| Q1 25 | $64.0M | $89.0M | ||
| Q4 24 | $105.0M | $174.7M | ||
| Q3 24 | $183.0M | $248.6M | ||
| Q2 24 | $212.0M | $307.9M | ||
| Q1 24 | $105.0M | $36.6M |
自由现金流LPXMATX
| Q4 25 | $-8.0M | $42.2M | ||
| Q3 25 | $5.0M | $92.4M | ||
| Q2 25 | $94.0M | $19.3M | ||
| Q1 25 | $0 | $-200.0K | ||
| Q4 24 | $43.0M | $49.3M | ||
| Q3 24 | $139.0M | $189.0M | ||
| Q2 24 | $176.0M | $238.1M | ||
| Q1 24 | $64.0M | $-18.7M |
自由现金流率LPXMATX
| Q4 25 | -1.4% | 5.0% | ||
| Q3 25 | 0.8% | 10.5% | ||
| Q2 25 | 12.5% | 2.3% | ||
| Q1 25 | 0.0% | -0.0% | ||
| Q4 24 | 6.3% | 5.5% | ||
| Q3 24 | 19.3% | 19.6% | ||
| Q2 24 | 21.6% | 28.1% | ||
| Q1 24 | 8.8% | -2.6% |
资本支出强度LPXMATX
| Q4 25 | 13.3% | 15.8% | ||
| Q3 25 | 12.7% | 9.5% | ||
| Q2 25 | 9.0% | 10.4% | ||
| Q1 25 | 8.8% | 11.4% | ||
| Q4 24 | 9.1% | 14.1% | ||
| Q3 24 | 6.1% | 6.2% | ||
| Q2 24 | 4.4% | 8.2% | ||
| Q1 24 | 5.7% | 7.7% |
现金转化率LPXMATX
| Q4 25 | — | 1.24× | ||
| Q3 25 | 9.89× | 1.30× | ||
| Q2 25 | 3.00× | 1.12× | ||
| Q1 25 | 0.70× | 1.23× | ||
| Q4 24 | 1.69× | 1.36× | ||
| Q3 24 | 2.03× | 1.25× | ||
| Q2 24 | 1.32× | 2.72× | ||
| Q1 24 | 0.97× | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
