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LOUISIANA-PACIFIC CORP（LPX）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Cloudflare, Inc.的季度营收约是LOUISIANA-PACIFIC CORP的1.1倍（$614.5M vs $566.0M），LOUISIANA-PACIFIC CORP净利率更高（-1.4% vs -2.0%，领先0.6%），Cloudflare, Inc.同比增速更快（33.6% vs -16.9%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-8.0M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% 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。
Cloudflare是总部位于美国加利福尼亚州旧金山的科技企业，提供内容分发网络（CDN）、云网络安全、DDoS防护等多元互联网服务，同时是ICANN认证的域名注册商。其服务作为网站访客与客户托管服务商之间的反向代理，可有效提升访问性能，抵御恶意流量。
LPX vs NET — 直观对比
营收规模更大
NET
是对方的1.1倍
$566.0M
营收增速更快
NET
高出50.5%
-16.9%
净利率更高
LPX
高出0.6%
-2.0%
自由现金流更多
NET
多$113.2M
$-8.0M
两年增速更快
NET
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $614.5M |
| 净利润 | $-8.0M | $-12.1M |
| 毛利率 | 15.0% | 73.6% |
| 营业利润率 | -1.6% | -8.0% |
| 净利率 | -1.4% | -2.0% |
| 营收同比 | -16.9% | 33.6% |
| 净利润同比 | -112.9% | 6.0% |
| 每股收益（稀释后） | $-0.12 | $-0.03 |
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LPXNET
| Q4 25 | $566.0M | $614.5M | ||
| Q3 25 | $663.0M | $562.0M | ||
| Q2 25 | $755.0M | $512.3M | ||
| Q1 25 | $724.0M | $479.1M | ||
| Q4 24 | $681.0M | $459.9M | ||
| Q3 24 | $722.0M | $430.1M | ||
| Q2 24 | $814.0M | $401.0M | ||
| Q1 24 | $724.0M | $378.6M |
净利润LPXNET
| Q4 25 | $-8.0M | $-12.1M | ||
| Q3 25 | $9.0M | $-1.3M | ||
| Q2 25 | $54.0M | $-50.4M | ||
| Q1 25 | $91.0M | $-38.5M | ||
| Q4 24 | $62.0M | $-12.8M | ||
| Q3 24 | $90.0M | $-15.3M | ||
| Q2 24 | $160.0M | $-15.1M | ||
| Q1 24 | $108.0M | $-35.5M |
毛利率LPXNET
| Q4 25 | 15.0% | 73.6% | ||
| Q3 25 | 19.5% | 74.0% | ||
| Q2 25 | 23.6% | 74.9% | ||
| Q1 25 | 27.2% | 75.9% | ||
| Q4 24 | 23.8% | 76.4% | ||
| Q3 24 | 26.7% | 77.7% | ||
| Q2 24 | 32.3% | 77.8% | ||
| Q1 24 | 29.6% | 77.5% |
营业利润率LPXNET
| Q4 25 | -1.6% | -8.0% | ||
| Q3 25 | 2.7% | -6.7% | ||
| Q2 25 | 10.6% | -13.1% | ||
| Q1 25 | 16.6% | -11.1% | ||
| Q4 24 | 11.0% | -7.5% | ||
| Q3 24 | 16.1% | -7.2% | ||
| Q2 24 | 23.8% | -8.7% | ||
| Q1 24 | 20.0% | -14.4% |
净利率LPXNET
| Q4 25 | -1.4% | -2.0% | ||
| Q3 25 | 1.4% | -0.2% | ||
| Q2 25 | 7.2% | -9.8% | ||
| Q1 25 | 12.6% | -8.0% | ||
| Q4 24 | 9.1% | -2.8% | ||
| Q3 24 | 12.5% | -3.6% | ||
| Q2 24 | 19.7% | -3.8% | ||
| Q1 24 | 14.9% | -9.4% |
每股收益（稀释后）LPXNET
| Q4 25 | $-0.12 | $-0.03 | ||
| Q3 25 | $0.13 | $0.00 | ||
| Q2 25 | $0.77 | $-0.15 | ||
| Q1 25 | $1.30 | $-0.11 | ||
| Q4 24 | $0.90 | $-0.05 | ||
| Q3 24 | $1.28 | $-0.04 | ||
| Q2 24 | $2.23 | $-0.04 | ||
| Q1 24 | $1.48 | $-0.10 |
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 | $943.5M |
| 总债务越低越好 | $348.0M | — |
| 股东权益账面价值 | $1.7B | $1.5B |
| 总资产 | $2.6B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.20× | — |
8季度趋势，按日历期对齐
现金及短期投资LPXNET
| Q4 25 | $292.0M | $943.5M | ||
| Q3 25 | $316.0M | $1.1B | ||
| Q2 25 | $333.0M | $1.5B | ||
| Q1 25 | $256.0M | $204.5M | ||
| Q4 24 | $340.0M | $147.7M | ||
| Q3 24 | $346.0M | $182.9M | ||
| Q2 24 | $317.0M | $157.0M | ||
| Q1 24 | $244.0M | $254.4M |
总债务LPXNET
| Q4 25 | $348.0M | — | ||
| Q3 25 | $348.0M | — | ||
| Q2 25 | $348.0M | — | ||
| Q1 25 | $348.0M | — | ||
| Q4 24 | $348.0M | — | ||
| Q3 24 | $347.0M | — | ||
| Q2 24 | $347.0M | — | ||
| Q1 24 | $347.0M | — |
股东权益LPXNET
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.7B | $973.1M | ||
| Q2 24 | $1.7B | $881.5M | ||
| Q1 24 | $1.6B | $797.2M |
总资产LPXNET
| Q4 25 | $2.6B | $6.0B | ||
| Q3 25 | $2.6B | $5.8B | ||
| Q2 25 | $2.7B | $5.6B | ||
| Q1 25 | $2.6B | $3.7B | ||
| Q4 24 | $2.6B | $3.3B | ||
| Q3 24 | $2.6B | $3.1B | ||
| Q2 24 | $2.5B | $2.9B | ||
| Q1 24 | $2.5B | $2.8B |
负债/权益比LPXNET
| Q4 25 | 0.20× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| 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 | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $105.2M |
| 自由现金流率自由现金流/营收 | -1.4% | 17.1% |
| 资本支出强度资本支出/营收 | 13.3% | 13.9% |
| 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 | $287.5M |
8季度趋势，按日历期对齐
经营现金流LPXNET
| Q4 25 | $67.0M | $190.4M | ||
| Q3 25 | $89.0M | $167.1M | ||
| Q2 25 | $162.0M | $99.8M | ||
| Q1 25 | $64.0M | $145.8M | ||
| Q4 24 | $105.0M | $127.3M | ||
| Q3 24 | $183.0M | $104.7M | ||
| Q2 24 | $212.0M | $74.8M | ||
| Q1 24 | $105.0M | $73.6M |
自由现金流LPXNET
| Q4 25 | $-8.0M | $105.2M | ||
| Q3 25 | $5.0M | $82.5M | ||
| Q2 25 | $94.0M | $39.9M | ||
| Q1 25 | $0 | $59.9M | ||
| Q4 24 | $43.0M | $54.2M | ||
| Q3 24 | $139.0M | $54.5M | ||
| Q2 24 | $176.0M | $45.2M | ||
| Q1 24 | $64.0M | $41.5M |
自由现金流率LPXNET
| Q4 25 | -1.4% | 17.1% | ||
| Q3 25 | 0.8% | 14.7% | ||
| Q2 25 | 12.5% | 7.8% | ||
| Q1 25 | 0.0% | 12.5% | ||
| Q4 24 | 6.3% | 11.8% | ||
| Q3 24 | 19.3% | 12.7% | ||
| Q2 24 | 21.6% | 11.3% | ||
| Q1 24 | 8.8% | 11.0% |
资本支出强度LPXNET
| Q4 25 | 13.3% | 13.9% | ||
| Q3 25 | 12.7% | 15.1% | ||
| Q2 25 | 9.0% | 11.7% | ||
| Q1 25 | 8.8% | 17.9% | ||
| Q4 24 | 9.1% | 15.9% | ||
| Q3 24 | 6.1% | 11.7% | ||
| Q2 24 | 4.4% | 7.4% | ||
| Q1 24 | 5.7% | 8.5% |
现金转化率LPXNET
| Q4 25 | — | — | ||
| Q3 25 | 9.89× | — | ||
| Q2 25 | 3.00× | — | ||
| 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% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
