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LOUISIANA-PACIFIC CORP（LPX）与MYR GROUP INC.（MYRG）财务数据对比。点击上方公司名可切换其他公司
MYR GROUP INC.的季度营收约是LOUISIANA-PACIFIC CORP的1.7倍（$973.5M vs $566.0M），MYR GROUP INC.净利率更高（3.8% vs -1.4%，领先5.2%），MYR GROUP INC.同比增速更快（17.3% vs -16.9%），MYR GROUP INC.自由现金流更多（$84.9M vs $-8.0M），过去两年MYR GROUP INC.的营收复合增速更高（9.3% 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。
MYR集团是美国知名电气建设服务提供商，业务覆盖输配电线路、变电站、工商业建筑及可再生能源领域的电气施工，旗下拥有12家电气建设子公司，在北美电力基建赛道拥有深厚的技术积累与项目交付能力。
LPX vs MYRG — 直观对比
营收规模更大
MYRG
是对方的1.7倍
$566.0M
营收增速更快
MYRG
高出34.2%
-16.9%
净利率更高
MYRG
高出5.2%
-1.4%
自由现金流更多
MYRG
多$92.9M
$-8.0M
两年增速更快
MYRG
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $973.5M |
| 净利润 | $-8.0M | $36.5M |
| 毛利率 | 15.0% | 11.4% |
| 营业利润率 | -1.6% | 4.8% |
| 净利率 | -1.4% | 3.8% |
| 营收同比 | -16.9% | 17.3% |
| 净利润同比 | -112.9% | 129.1% |
| 每股收益（稀释后） | $-0.12 | $2.33 |
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LPXMYRG
| Q4 25 | $566.0M | $973.5M | ||
| Q3 25 | $663.0M | $950.4M | ||
| Q2 25 | $755.0M | $900.3M | ||
| Q1 25 | $724.0M | $833.6M | ||
| Q4 24 | $681.0M | $829.8M | ||
| Q3 24 | $722.0M | $888.0M | ||
| Q2 24 | $814.0M | $828.9M | ||
| Q1 24 | $724.0M | $815.6M |
净利润LPXMYRG
| Q4 25 | $-8.0M | $36.5M | ||
| Q3 25 | $9.0M | $32.1M | ||
| Q2 25 | $54.0M | $26.5M | ||
| Q1 25 | $91.0M | $23.3M | ||
| Q4 24 | $62.0M | $16.0M | ||
| Q3 24 | $90.0M | $10.6M | ||
| Q2 24 | $160.0M | $-15.3M | ||
| Q1 24 | $108.0M | $18.9M |
毛利率LPXMYRG
| Q4 25 | 15.0% | 11.4% | ||
| Q3 25 | 19.5% | 11.8% | ||
| Q2 25 | 23.6% | 11.5% | ||
| Q1 25 | 27.2% | 11.6% | ||
| Q4 24 | 23.8% | 10.4% | ||
| Q3 24 | 26.7% | 8.7% | ||
| Q2 24 | 32.3% | 4.9% | ||
| Q1 24 | 29.6% | 10.6% |
营业利润率LPXMYRG
| Q4 25 | -1.6% | 4.8% | ||
| Q3 25 | 2.7% | 4.9% | ||
| Q2 25 | 10.6% | 4.4% | ||
| Q1 25 | 16.6% | 4.1% | ||
| Q4 24 | 11.0% | 3.6% | ||
| Q3 24 | 16.1% | 2.3% | ||
| Q2 24 | 23.8% | -2.5% | ||
| Q1 24 | 20.0% | 3.0% |
净利率LPXMYRG
| Q4 25 | -1.4% | 3.8% | ||
| Q3 25 | 1.4% | 3.4% | ||
| Q2 25 | 7.2% | 2.9% | ||
| Q1 25 | 12.6% | 2.8% | ||
| Q4 24 | 9.1% | 1.9% | ||
| Q3 24 | 12.5% | 1.2% | ||
| Q2 24 | 19.7% | -1.8% | ||
| Q1 24 | 14.9% | 2.3% |
每股收益（稀释后）LPXMYRG
| Q4 25 | $-0.12 | $2.33 | ||
| Q3 25 | $0.13 | $2.05 | ||
| Q2 25 | $0.77 | $1.70 | ||
| Q1 25 | $1.30 | $1.45 | ||
| Q4 24 | $0.90 | $0.97 | ||
| Q3 24 | $1.28 | $0.65 | ||
| Q2 24 | $2.23 | $-0.91 | ||
| Q1 24 | $1.48 | $1.12 |
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 | $150.2M |
| 总债务越低越好 | $348.0M | $59.0M |
| 股东权益账面价值 | $1.7B | $660.4M |
| 总资产 | $2.6B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.20× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资LPXMYRG
| Q4 25 | $292.0M | $150.2M | ||
| Q3 25 | $316.0M | $76.2M | ||
| Q2 25 | $333.0M | $23.0M | ||
| Q1 25 | $256.0M | $10.9M | ||
| Q4 24 | $340.0M | $3.5M | ||
| Q3 24 | $346.0M | $7.6M | ||
| Q2 24 | $317.0M | $1.9M | ||
| Q1 24 | $244.0M | $3.9M |
总债务LPXMYRG
| Q4 25 | $348.0M | $59.0M | ||
| Q3 25 | $348.0M | $72.0M | ||
| Q2 25 | $348.0M | $86.1M | ||
| Q1 25 | $348.0M | $87.2M | ||
| Q4 24 | $348.0M | $74.4M | ||
| Q3 24 | $347.0M | $93.2M | ||
| Q2 24 | $347.0M | $45.1M | ||
| Q1 24 | $347.0M | $37.9M |
股东权益LPXMYRG
| Q4 25 | $1.7B | $660.4M | ||
| Q3 25 | $1.7B | $617.6M | ||
| Q2 25 | $1.7B | $583.2M | ||
| Q1 25 | $1.7B | $548.7M | ||
| Q4 24 | $1.7B | $600.4M | ||
| Q3 24 | $1.7B | $588.5M | ||
| Q2 24 | $1.7B | $633.3M | ||
| Q1 24 | $1.6B | $663.7M |
总资产LPXMYRG
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $2.7B | $1.6B | ||
| Q1 25 | $2.6B | $1.5B | ||
| Q4 24 | $2.6B | $1.6B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $2.5B | $1.6B | ||
| Q1 24 | $2.5B | $1.6B |
负债/权益比LPXMYRG
| Q4 25 | 0.20× | 0.09× | ||
| Q3 25 | 0.20× | 0.12× | ||
| Q2 25 | 0.20× | 0.15× | ||
| Q1 25 | 0.21× | 0.16× | ||
| Q4 24 | 0.21× | 0.12× | ||
| Q3 24 | 0.21× | 0.16× | ||
| Q2 24 | 0.21× | 0.07× | ||
| Q1 24 | 0.21× | 0.06× |
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 | $114.8M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $84.9M |
| 自由现金流率自由现金流/营收 | -1.4% | 8.7% |
| 资本支出强度资本支出/营收 | 13.3% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 3.14× |
| 过去12个月自由现金流最近4个季度 | $91.0M | $232.2M |
8季度趋势，按日历期对齐
经营现金流LPXMYRG
| Q4 25 | $67.0M | $114.8M | ||
| Q3 25 | $89.0M | $95.6M | ||
| Q2 25 | $162.0M | $32.9M | ||
| Q1 25 | $64.0M | $83.3M | ||
| Q4 24 | $105.0M | $21.1M | ||
| Q3 24 | $183.0M | $35.6M | ||
| Q2 24 | $212.0M | $22.7M | ||
| Q1 24 | $105.0M | $7.7M |
自由现金流LPXMYRG
| Q4 25 | $-8.0M | $84.9M | ||
| Q3 25 | $5.0M | $65.4M | ||
| Q2 25 | $94.0M | $11.6M | ||
| Q1 25 | $0 | $70.2M | ||
| Q4 24 | $43.0M | $8.8M | ||
| Q3 24 | $139.0M | $18.0M | ||
| Q2 24 | $176.0M | $2.5M | ||
| Q1 24 | $64.0M | $-18.1M |
自由现金流率LPXMYRG
| Q4 25 | -1.4% | 8.7% | ||
| Q3 25 | 0.8% | 6.9% | ||
| Q2 25 | 12.5% | 1.3% | ||
| Q1 25 | 0.0% | 8.4% | ||
| Q4 24 | 6.3% | 1.1% | ||
| Q3 24 | 19.3% | 2.0% | ||
| Q2 24 | 21.6% | 0.3% | ||
| Q1 24 | 8.8% | -2.2% |
资本支出强度LPXMYRG
| Q4 25 | 13.3% | 3.1% | ||
| Q3 25 | 12.7% | 3.2% | ||
| Q2 25 | 9.0% | 2.4% | ||
| Q1 25 | 8.8% | 1.6% | ||
| Q4 24 | 9.1% | 1.5% | ||
| Q3 24 | 6.1% | 2.0% | ||
| Q2 24 | 4.4% | 2.4% | ||
| Q1 24 | 5.7% | 3.2% |
现金转化率LPXMYRG
| Q4 25 | — | 3.14× | ||
| Q3 25 | 9.89× | 2.98× | ||
| Q2 25 | 3.00× | 1.24× | ||
| Q1 25 | 0.70× | 3.57× | ||
| Q4 24 | 1.69× | 1.32× | ||
| Q3 24 | 2.03× | 3.35× | ||
| Q2 24 | 1.32× | — | ||
| Q1 24 | 0.97× | 0.41× |
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% |
MYRG
| Market Type Electrical Construction | $442.6M | 45% |
| Market Type Transmission | $330.3M | 34% |
| Market Type Distribution | $200.6M | 21% |
