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LOUISIANA-PACIFIC CORP（LPX）与麦格劳希尔（MH）财务数据对比。点击上方公司名可切换其他公司
LOUISIANA-PACIFIC CORP的季度营收约是麦格劳希尔的1.3倍（$566.0M vs $434.2M），LOUISIANA-PACIFIC CORP净利率更高（-1.4% vs -4.7%，领先3.2%），LOUISIANA-PACIFIC CORP同比增速更快（-16.9% vs -35.1%），麦格劳希尔自由现金流更多（$285.4M vs $-8.0M）
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。
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
LPX vs MH — 直观对比
营收规模更大
LPX
是对方的1.3倍
$434.2M
营收增速更快
LPX
高出18.2%
-35.1%
净利率更高
LPX
高出3.2%
-4.7%
自由现金流更多
MH
多$293.4M
$-8.0M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $434.2M |
| 净利润 | $-8.0M | $-20.2M |
| 毛利率 | 15.0% | 85.3% |
| 营业利润率 | -1.6% | 7.0% |
| 净利率 | -1.4% | -4.7% |
| 营收同比 | -16.9% | -35.1% |
| 净利润同比 | -112.9% | -119.2% |
| 每股收益（稀释后） | $-0.12 | $-0.11 |
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LPXMH
| Q4 25 | $566.0M | $434.2M | ||
| Q3 25 | $663.0M | $669.2M | ||
| Q2 25 | $755.0M | $535.7M | ||
| Q1 25 | $724.0M | — | ||
| Q4 24 | $681.0M | — | ||
| Q3 24 | $722.0M | — | ||
| Q2 24 | $814.0M | — | ||
| Q1 24 | $724.0M | — |
净利润LPXMH
| Q4 25 | $-8.0M | $-20.2M | ||
| Q3 25 | $9.0M | $105.3M | ||
| Q2 25 | $54.0M | $502.0K | ||
| Q1 25 | $91.0M | — | ||
| Q4 24 | $62.0M | — | ||
| Q3 24 | $90.0M | — | ||
| Q2 24 | $160.0M | — | ||
| Q1 24 | $108.0M | — |
毛利率LPXMH
| Q4 25 | 15.0% | 85.3% | ||
| Q3 25 | 19.5% | 79.2% | ||
| Q2 25 | 23.6% | 77.0% | ||
| 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LPXMH
| Q4 25 | -1.6% | 7.0% | ||
| Q3 25 | 2.7% | 23.4% | ||
| Q2 25 | 10.6% | 18.0% | ||
| Q1 25 | 16.6% | — | ||
| Q4 24 | 11.0% | — | ||
| Q3 24 | 16.1% | — | ||
| Q2 24 | 23.8% | — | ||
| Q1 24 | 20.0% | — |
净利率LPXMH
| Q4 25 | -1.4% | -4.7% | ||
| Q3 25 | 1.4% | 15.7% | ||
| Q2 25 | 7.2% | 0.1% | ||
| Q1 25 | 12.6% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 12.5% | — | ||
| Q2 24 | 19.7% | — | ||
| Q1 24 | 14.9% | — |
每股收益（稀释后）LPXMH
| Q4 25 | $-0.12 | $-0.11 | ||
| Q3 25 | $0.13 | $0.57 | ||
| Q2 25 | $0.77 | $0.00 | ||
| Q1 25 | $1.30 | — | ||
| Q4 24 | $0.90 | — | ||
| Q3 24 | $1.28 | — | ||
| Q2 24 | $2.23 | — | ||
| Q1 24 | $1.48 | — |
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 | $514.4M |
| 总债务越低越好 | $348.0M | $2.6B |
| 股东权益账面价值 | $1.7B | $775.3M |
| 总资产 | $2.6B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.20× | 3.36× |
8季度趋势，按日历期对齐
现金及短期投资LPXMH
| Q4 25 | $292.0M | $514.4M | ||
| Q3 25 | $316.0M | $463.2M | ||
| Q2 25 | $333.0M | $247.3M | ||
| Q1 25 | $256.0M | — | ||
| Q4 24 | $340.0M | — | ||
| Q3 24 | $346.0M | — | ||
| Q2 24 | $317.0M | — | ||
| Q1 24 | $244.0M | — |
总债务LPXMH
| Q4 25 | $348.0M | $2.6B | ||
| Q3 25 | $348.0M | $2.8B | ||
| Q2 25 | $348.0M | $3.2B | ||
| Q1 25 | $348.0M | — | ||
| Q4 24 | $348.0M | — | ||
| Q3 24 | $347.0M | — | ||
| Q2 24 | $347.0M | — | ||
| Q1 24 | $347.0M | — |
股东权益LPXMH
| Q4 25 | $1.7B | $775.3M | ||
| Q3 25 | $1.7B | $794.6M | ||
| Q2 25 | $1.7B | $283.3M | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.6B | — |
总资产LPXMH
| Q4 25 | $2.6B | $5.6B | ||
| Q3 25 | $2.6B | $6.0B | ||
| Q2 25 | $2.7B | $5.7B | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.5B | — |
负债/权益比LPXMH
| Q4 25 | 0.20× | 3.36× | ||
| Q3 25 | 0.20× | 3.52× | ||
| Q2 25 | 0.20× | 11.17× | ||
| Q1 25 | 0.21× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.21× | — | ||
| Q2 24 | 0.21× | — | ||
| Q1 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 | $309.0M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $285.4M |
| 自由现金流率自由现金流/营收 | -1.4% | 65.7% |
| 资本支出强度资本支出/营收 | 13.3% | 5.4% |
| 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LPXMH
| Q4 25 | $67.0M | $309.0M | ||
| Q3 25 | $89.0M | $265.0M | ||
| Q2 25 | $162.0M | $-96.7M | ||
| Q1 25 | $64.0M | — | ||
| Q4 24 | $105.0M | — | ||
| Q3 24 | $183.0M | — | ||
| Q2 24 | $212.0M | — | ||
| Q1 24 | $105.0M | — |
自由现金流LPXMH
| Q4 25 | $-8.0M | $285.4M | ||
| Q3 25 | $5.0M | $243.8M | ||
| Q2 25 | $94.0M | $-112.9M | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $43.0M | — | ||
| Q3 24 | $139.0M | — | ||
| Q2 24 | $176.0M | — | ||
| Q1 24 | $64.0M | — |
自由现金流率LPXMH
| Q4 25 | -1.4% | 65.7% | ||
| Q3 25 | 0.8% | 36.4% | ||
| Q2 25 | 12.5% | -21.1% | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 19.3% | — | ||
| Q2 24 | 21.6% | — | ||
| Q1 24 | 8.8% | — |
资本支出强度LPXMH
| Q4 25 | 13.3% | 5.4% | ||
| Q3 25 | 12.7% | 3.2% | ||
| Q2 25 | 9.0% | 3.0% | ||
| Q1 25 | 8.8% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 6.1% | — | ||
| Q2 24 | 4.4% | — | ||
| Q1 24 | 5.7% | — |
现金转化率LPXMH
| Q4 25 | — | — | ||
| Q3 25 | 9.89× | 2.52× | ||
| Q2 25 | 3.00× | -192.53× | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 1.69× | — | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 1.32× | — | ||
| Q1 24 | 0.97× | — |
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% |
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
