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LOUISIANA-PACIFIC CORP（LPX）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是LOUISIANA-PACIFIC CORP的1.4倍（$805.0M vs $566.0M），LOUISIANA-PACIFIC CORP净利率更高（-1.4% vs -5.9%，领先4.5%），摩丁制造同比增速更快（30.5% vs -16.9%），LOUISIANA-PACIFIC CORP自由现金流更多（$-8.0M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% 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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
LPX vs MOD — 直观对比
营收规模更大
MOD
是对方的1.4倍
$566.0M
营收增速更快
MOD
高出47.4%
-16.9%
净利率更高
LPX
高出4.5%
-5.9%
自由现金流更多
LPX
多$9.1M
$-17.1M
两年增速更快
MOD
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $805.0M |
| 净利润 | $-8.0M | $-47.4M |
| 毛利率 | 15.0% | 23.1% |
| 营业利润率 | -1.6% | 11.1% |
| 净利率 | -1.4% | -5.9% |
| 营收同比 | -16.9% | 30.5% |
| 净利润同比 | -112.9% | -215.6% |
| 每股收益（稀释后） | $-0.12 | $-0.90 |
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LPXMOD
| Q4 25 | $566.0M | $805.0M | ||
| Q3 25 | $663.0M | $738.9M | ||
| Q2 25 | $755.0M | $682.8M | ||
| Q1 25 | $724.0M | $647.2M | ||
| Q4 24 | $681.0M | $616.8M | ||
| Q3 24 | $722.0M | $658.0M | ||
| Q2 24 | $814.0M | $661.5M | ||
| Q1 24 | $724.0M | $603.5M |
净利润LPXMOD
| Q4 25 | $-8.0M | $-47.4M | ||
| Q3 25 | $9.0M | $44.4M | ||
| Q2 25 | $54.0M | $51.2M | ||
| Q1 25 | $91.0M | $49.6M | ||
| Q4 24 | $62.0M | $41.0M | ||
| Q3 24 | $90.0M | $46.1M | ||
| Q2 24 | $160.0M | $47.3M | ||
| Q1 24 | $108.0M | $25.8M |
毛利率LPXMOD
| Q4 25 | 15.0% | 23.1% | ||
| Q3 25 | 19.5% | 22.3% | ||
| Q2 25 | 23.6% | 24.2% | ||
| Q1 25 | 27.2% | 25.6% | ||
| Q4 24 | 23.8% | 24.3% | ||
| Q3 24 | 26.7% | 25.2% | ||
| Q2 24 | 32.3% | 24.6% | ||
| Q1 24 | 29.6% | 22.4% |
营业利润率LPXMOD
| Q4 25 | -1.6% | 11.1% | ||
| Q3 25 | 2.7% | 9.9% | ||
| Q2 25 | 10.6% | 11.1% | ||
| Q1 25 | 16.6% | 11.5% | ||
| Q4 24 | 11.0% | 9.6% | ||
| Q3 24 | 16.1% | 11.4% | ||
| Q2 24 | 23.8% | 11.2% | ||
| Q1 24 | 20.0% | 7.8% |
净利率LPXMOD
| Q4 25 | -1.4% | -5.9% | ||
| Q3 25 | 1.4% | 6.0% | ||
| Q2 25 | 7.2% | 7.5% | ||
| Q1 25 | 12.6% | 7.7% | ||
| Q4 24 | 9.1% | 6.6% | ||
| Q3 24 | 12.5% | 7.0% | ||
| Q2 24 | 19.7% | 7.2% | ||
| Q1 24 | 14.9% | 4.3% |
每股收益（稀释后）LPXMOD
| Q4 25 | $-0.12 | $-0.90 | ||
| Q3 25 | $0.13 | $0.83 | ||
| Q2 25 | $0.77 | $0.95 | ||
| Q1 25 | $1.30 | $0.92 | ||
| Q4 24 | $0.90 | $0.76 | ||
| Q3 24 | $1.28 | $0.86 | ||
| Q2 24 | $2.23 | $0.88 | ||
| Q1 24 | $1.48 | $0.48 |
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 | $98.7M |
| 总债务越低越好 | $348.0M | $570.7M |
| 股东权益账面价值 | $1.7B | $1.1B |
| 总资产 | $2.6B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.20× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资LPXMOD
| Q4 25 | $292.0M | $98.7M | ||
| Q3 25 | $316.0M | $83.8M | ||
| Q2 25 | $333.0M | $124.5M | ||
| Q1 25 | $256.0M | $71.6M | ||
| Q4 24 | $340.0M | $83.8M | ||
| Q3 24 | $346.0M | $78.6M | ||
| Q2 24 | $317.0M | $72.9M | ||
| Q1 24 | $244.0M | $60.1M |
总债务LPXMOD
| Q4 25 | $348.0M | $570.7M | ||
| Q3 25 | $348.0M | $525.8M | ||
| Q2 25 | $348.0M | $482.1M | ||
| Q1 25 | $348.0M | $296.7M | ||
| Q4 24 | $348.0M | $330.0M | ||
| Q3 24 | $347.0M | $359.1M | ||
| Q2 24 | $347.0M | $405.7M | ||
| Q1 24 | $347.0M | $399.9M |
股东权益LPXMOD
| Q4 25 | $1.7B | $1.1B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.7B | $910.2M | ||
| Q4 24 | $1.7B | $855.1M | ||
| Q3 24 | $1.7B | $858.8M | ||
| Q2 24 | $1.7B | $788.4M | ||
| Q1 24 | $1.6B | $747.6M |
总资产LPXMOD
| Q4 25 | $2.6B | $2.5B | ||
| Q3 25 | $2.6B | $2.4B | ||
| Q2 25 | $2.7B | $2.2B | ||
| Q1 25 | $2.6B | $1.9B | ||
| Q4 24 | $2.6B | $1.8B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.5B | $1.9B | ||
| Q1 24 | $2.5B | $1.9B |
负债/权益比LPXMOD
| Q4 25 | 0.20× | 0.51× | ||
| Q3 25 | 0.20× | 0.50× | ||
| Q2 25 | 0.20× | 0.48× | ||
| Q1 25 | 0.21× | 0.33× | ||
| Q4 24 | 0.21× | 0.39× | ||
| Q3 24 | 0.21× | 0.42× | ||
| Q2 24 | 0.21× | 0.51× | ||
| Q1 24 | 0.21× | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $-17.1M |
| 自由现金流率自由现金流/营收 | -1.4% | -2.1% |
| 资本支出强度资本支出/营收 | 13.3% | 5.2% |
| 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 | $-20.3M |
8季度趋势，按日历期对齐
经营现金流LPXMOD
| Q4 25 | $67.0M | $24.7M | ||
| Q3 25 | $89.0M | $1.4M | ||
| Q2 25 | $162.0M | $27.7M | ||
| Q1 25 | $64.0M | $54.8M | ||
| Q4 24 | $105.0M | $60.7M | ||
| Q3 24 | $183.0M | $57.3M | ||
| Q2 24 | $212.0M | $40.5M | ||
| Q1 24 | $105.0M | $39.6M |
自由现金流LPXMOD
| Q4 25 | $-8.0M | $-17.1M | ||
| Q3 25 | $5.0M | $-30.5M | ||
| Q2 25 | $94.0M | $200.0K | ||
| Q1 25 | $0 | $27.1M | ||
| Q4 24 | $43.0M | $44.7M | ||
| Q3 24 | $139.0M | $43.8M | ||
| Q2 24 | $176.0M | $13.7M | ||
| Q1 24 | $64.0M | $-4.3M |
自由现金流率LPXMOD
| Q4 25 | -1.4% | -2.1% | ||
| Q3 25 | 0.8% | -4.1% | ||
| Q2 25 | 12.5% | 0.0% | ||
| Q1 25 | 0.0% | 4.2% | ||
| Q4 24 | 6.3% | 7.2% | ||
| Q3 24 | 19.3% | 6.7% | ||
| Q2 24 | 21.6% | 2.1% | ||
| Q1 24 | 8.8% | -0.7% |
资本支出强度LPXMOD
| Q4 25 | 13.3% | 5.2% | ||
| Q3 25 | 12.7% | 4.3% | ||
| Q2 25 | 9.0% | 4.0% | ||
| Q1 25 | 8.8% | 4.3% | ||
| Q4 24 | 9.1% | 2.6% | ||
| Q3 24 | 6.1% | 2.1% | ||
| Q2 24 | 4.4% | 4.1% | ||
| Q1 24 | 5.7% | 7.3% |
现金转化率LPXMOD
| Q4 25 | — | — | ||
| Q3 25 | 9.89× | 0.03× | ||
| Q2 25 | 3.00× | 0.54× | ||
| Q1 25 | 0.70× | 1.10× | ||
| Q4 24 | 1.69× | 1.48× | ||
| Q3 24 | 2.03× | 1.24× | ||
| Q2 24 | 1.32× | 0.86× | ||
| Q1 24 | 0.97× | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
