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LOUISIANA-PACIFIC CORP（LPX）与MSA Safety Inc（MSA）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MSA Safety Inc的1.1倍（$566.0M vs $510.9M），MSA Safety Inc净利率更高（17.0% vs -1.4%，领先18.4%），MSA Safety Inc同比增速更快（2.2% vs -16.9%），MSA Safety Inc自由现金流更多（$106.0M vs $-8.0M），过去两年MSA Safety Inc的营收复合增速更高（11.2% 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。
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
LPX vs MSA — 直观对比
营收规模更大
LPX
是对方的1.1倍
$510.9M
营收增速更快
MSA
高出19.1%
-16.9%
净利率更高
MSA
高出18.4%
-1.4%
自由现金流更多
MSA
多$114.0M
$-8.0M
两年增速更快
MSA
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $510.9M |
| 净利润 | $-8.0M | $86.9M |
| 毛利率 | 15.0% | 46.9% |
| 营业利润率 | -1.6% | 22.3% |
| 净利率 | -1.4% | 17.0% |
| 营收同比 | -16.9% | 2.2% |
| 净利润同比 | -112.9% | -1.2% |
| 每股收益（稀释后） | $-0.12 | $2.22 |
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LPXMSA
| Q4 25 | $566.0M | $510.9M | ||
| Q3 25 | $663.0M | $468.4M | ||
| Q2 25 | $755.0M | $474.1M | ||
| Q1 25 | $724.0M | $421.3M | ||
| Q4 24 | $681.0M | $499.7M | ||
| Q3 24 | $722.0M | $432.7M | ||
| Q2 24 | $814.0M | $462.5M | ||
| Q1 24 | $724.0M | $413.3M |
净利润LPXMSA
| Q4 25 | $-8.0M | $86.9M | ||
| Q3 25 | $9.0M | $69.6M | ||
| Q2 25 | $54.0M | $62.8M | ||
| Q1 25 | $91.0M | $59.6M | ||
| Q4 24 | $62.0M | $87.9M | ||
| Q3 24 | $90.0M | $66.6M | ||
| Q2 24 | $160.0M | $72.2M | ||
| Q1 24 | $108.0M | $58.1M |
毛利率LPXMSA
| Q4 25 | 15.0% | 46.9% | ||
| Q3 25 | 19.5% | 46.5% | ||
| Q2 25 | 23.6% | 46.6% | ||
| Q1 25 | 27.2% | 45.9% | ||
| Q4 24 | 23.8% | 46.9% | ||
| Q3 24 | 26.7% | 47.9% | ||
| Q2 24 | 32.3% | 48.2% | ||
| Q1 24 | 29.6% | 47.3% |
营业利润率LPXMSA
| Q4 25 | -1.6% | 22.3% | ||
| Q3 25 | 2.7% | 20.1% | ||
| Q2 25 | 10.6% | 18.1% | ||
| Q1 25 | 16.6% | 18.5% | ||
| Q4 24 | 11.0% | 23.5% | ||
| Q3 24 | 16.1% | 21.1% | ||
| Q2 24 | 23.8% | 21.6% | ||
| Q1 24 | 20.0% | 19.4% |
净利率LPXMSA
| Q4 25 | -1.4% | 17.0% | ||
| Q3 25 | 1.4% | 14.9% | ||
| Q2 25 | 7.2% | 13.2% | ||
| Q1 25 | 12.6% | 14.1% | ||
| Q4 24 | 9.1% | 17.6% | ||
| Q3 24 | 12.5% | 15.4% | ||
| Q2 24 | 19.7% | 15.6% | ||
| Q1 24 | 14.9% | 14.1% |
每股收益（稀释后）LPXMSA
| Q4 25 | $-0.12 | $2.22 | ||
| Q3 25 | $0.13 | $1.77 | ||
| Q2 25 | $0.77 | $1.59 | ||
| Q1 25 | $1.30 | $1.51 | ||
| Q4 24 | $0.90 | $2.22 | ||
| Q3 24 | $1.28 | $1.69 | ||
| Q2 24 | $2.23 | $1.83 | ||
| Q1 24 | $1.48 | $1.47 |
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 | $165.1M |
| 总债务越低越好 | $348.0M | $580.9M |
| 股东权益账面价值 | $1.7B | $1.4B |
| 总资产 | $2.6B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.20× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资LPXMSA
| Q4 25 | $292.0M | $165.1M | ||
| Q3 25 | $316.0M | $170.0M | ||
| Q2 25 | $333.0M | $147.0M | ||
| Q1 25 | $256.0M | $170.6M | ||
| Q4 24 | $340.0M | $164.6M | ||
| Q3 24 | $346.0M | $154.4M | ||
| Q2 24 | $317.0M | $146.8M | ||
| Q1 24 | $244.0M | $148.3M |
总债务LPXMSA
| Q4 25 | $348.0M | $580.9M | ||
| Q3 25 | $348.0M | $628.6M | ||
| Q2 25 | $348.0M | $679.3M | ||
| Q1 25 | $348.0M | $502.1M | ||
| Q4 24 | $348.0M | $508.0M | ||
| Q3 24 | $347.0M | $554.7M | ||
| Q2 24 | $347.0M | $588.2M | ||
| Q1 24 | $347.0M | $596.2M |
股东权益LPXMSA
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.7B | $1.2B | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.7B | $1.0B | ||
| Q1 24 | $1.6B | $994.8M |
总资产LPXMSA
| Q4 25 | $2.6B | $2.6B | ||
| Q3 25 | $2.6B | $2.6B | ||
| Q2 25 | $2.7B | $2.6B | ||
| Q1 25 | $2.6B | $2.2B | ||
| Q4 24 | $2.6B | $2.2B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.5B | $2.2B | ||
| Q1 24 | $2.5B | $2.2B |
负债/权益比LPXMSA
| Q4 25 | 0.20× | 0.42× | ||
| Q3 25 | 0.20× | 0.48× | ||
| Q2 25 | 0.20× | 0.54× | ||
| Q1 25 | 0.21× | 0.42× | ||
| Q4 24 | 0.21× | 0.44× | ||
| Q3 24 | 0.21× | 0.51× | ||
| Q2 24 | 0.21× | 0.57× | ||
| Q1 24 | 0.21× | 0.60× |
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 | $122.4M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $106.0M |
| 自由现金流率自由现金流/营收 | -1.4% | 20.8% |
| 资本支出强度资本支出/营收 | 13.3% | 3.2% |
| 现金转化率经营现金流/净利润 | — | 1.41× |
| 过去12个月自由现金流最近4个季度 | $91.0M | $295.4M |
8季度趋势，按日历期对齐
经营现金流LPXMSA
| Q4 25 | $67.0M | $122.4M | ||
| Q3 25 | $89.0M | $112.5M | ||
| Q2 25 | $162.0M | $67.2M | ||
| Q1 25 | $64.0M | $61.8M | ||
| Q4 24 | $105.0M | $107.9M | ||
| Q3 24 | $183.0M | $84.3M | ||
| Q2 24 | $212.0M | $53.3M | ||
| Q1 24 | $105.0M | $50.9M |
自由现金流LPXMSA
| Q4 25 | $-8.0M | $106.0M | ||
| Q3 25 | $5.0M | $100.5M | ||
| Q2 25 | $94.0M | $37.9M | ||
| Q1 25 | $0 | $51.0M | ||
| Q4 24 | $43.0M | $93.5M | ||
| Q3 24 | $139.0M | $70.1M | ||
| Q2 24 | $176.0M | $39.0M | ||
| Q1 24 | $64.0M | $39.7M |
自由现金流率LPXMSA
| Q4 25 | -1.4% | 20.8% | ||
| Q3 25 | 0.8% | 21.4% | ||
| Q2 25 | 12.5% | 8.0% | ||
| Q1 25 | 0.0% | 12.1% | ||
| Q4 24 | 6.3% | 18.7% | ||
| Q3 24 | 19.3% | 16.2% | ||
| Q2 24 | 21.6% | 8.4% | ||
| Q1 24 | 8.8% | 9.6% |
资本支出强度LPXMSA
| Q4 25 | 13.3% | 3.2% | ||
| Q3 25 | 12.7% | 2.6% | ||
| Q2 25 | 9.0% | 6.2% | ||
| Q1 25 | 8.8% | 2.6% | ||
| Q4 24 | 9.1% | 2.9% | ||
| Q3 24 | 6.1% | 3.3% | ||
| Q2 24 | 4.4% | 3.1% | ||
| Q1 24 | 5.7% | 2.7% |
现金转化率LPXMSA
| Q4 25 | — | 1.41× | ||
| Q3 25 | 9.89× | 1.62× | ||
| Q2 25 | 3.00× | 1.07× | ||
| Q1 25 | 0.70× | 1.04× | ||
| Q4 24 | 1.69× | 1.23× | ||
| Q3 24 | 2.03× | 1.27× | ||
| Q2 24 | 1.32× | 0.74× | ||
| Q1 24 | 0.97× | 0.88× |
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% |
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
