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LOUISIANA-PACIFIC CORP（LPX）与NORTHERN OIL & GAS, INC.（NOG）财务数据对比。点击上方公司名可切换其他公司
NORTHERN OIL & GAS, INC.的季度营收约是LOUISIANA-PACIFIC CORP的1.1倍（$610.2M vs $566.0M），LOUISIANA-PACIFIC CORP净利率更高（-1.4% vs -11.6%，领先10.2%），LOUISIANA-PACIFIC CORP同比增速更快（-16.9% vs -72.6%），NORTHERN OIL & GAS, INC.自由现金流更多（$43.2M vs $-8.0M），过去两年NORTHERN OIL & GAS, INC.的营收复合增速更高（4.3% 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。
Marathon Oil Corporation是一家美国油气勘探开发企业，核心业务涵盖油气资源的勘探、开采与运营，2024年11月被康菲石油收购，相关业务与资产已并入康菲石油体系。
LPX vs NOG — 直观对比
营收规模更大
NOG
是对方的1.1倍
$566.0M
营收增速更快
LPX
高出55.7%
-72.6%
净利率更高
LPX
高出10.2%
-11.6%
自由现金流更多
NOG
多$51.2M
$-8.0M
两年增速更快
NOG
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $610.2M |
| 净利润 | $-8.0M | $-70.7M |
| 毛利率 | 15.0% | — |
| 营业利润率 | -1.6% | — |
| 净利率 | -1.4% | -11.6% |
| 营收同比 | -16.9% | -72.6% |
| 净利润同比 | -112.9% | -198.7% |
| 每股收益（稀释后） | $-0.12 | $-0.73 |
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LPXNOG
| Q1 26 | — | $610.2M | ||
| Q4 25 | $566.0M | $610.2M | ||
| Q3 25 | $663.0M | $556.6M | ||
| Q2 25 | $755.0M | $706.8M | ||
| Q1 25 | $724.0M | $602.1M | ||
| Q4 24 | $681.0M | $515.0M | ||
| Q3 24 | $722.0M | $753.6M | ||
| Q2 24 | $814.0M | $560.8M |
净利润LPXNOG
| Q1 26 | — | $-70.7M | ||
| Q4 25 | $-8.0M | $-70.7M | ||
| Q3 25 | $9.0M | $-129.1M | ||
| Q2 25 | $54.0M | $99.6M | ||
| Q1 25 | $91.0M | $139.0M | ||
| Q4 24 | $62.0M | $71.7M | ||
| Q3 24 | $90.0M | $298.4M | ||
| Q2 24 | $160.0M | $138.6M |
毛利率LPXNOG
| Q1 26 | — | — | ||
| Q4 25 | 15.0% | 80.4% | ||
| Q3 25 | 19.5% | 78.7% | ||
| Q2 25 | 23.6% | 82.8% | ||
| Q1 25 | 27.2% | 81.1% | ||
| Q4 24 | 23.8% | 77.4% | ||
| Q3 24 | 26.7% | 85.8% | ||
| Q2 24 | 32.3% | 82.0% |
营业利润率LPXNOG
| Q1 26 | — | — | ||
| Q4 25 | -1.6% | -5.5% | ||
| Q3 25 | 2.7% | -22.6% | ||
| Q2 25 | 10.6% | 24.9% | ||
| Q1 25 | 16.6% | 38.1% | ||
| Q4 24 | 11.0% | 25.8% | ||
| Q3 24 | 16.1% | 57.6% | ||
| Q2 24 | 23.8% | 39.0% |
净利率LPXNOG
| Q1 26 | — | -11.6% | ||
| Q4 25 | -1.4% | -11.6% | ||
| Q3 25 | 1.4% | -23.2% | ||
| Q2 25 | 7.2% | 14.1% | ||
| Q1 25 | 12.6% | 23.1% | ||
| Q4 24 | 9.1% | 13.9% | ||
| Q3 24 | 12.5% | 39.6% | ||
| Q2 24 | 19.7% | 24.7% |
每股收益（稀释后）LPXNOG
| Q1 26 | — | $-0.73 | ||
| Q4 25 | $-0.12 | $-0.67 | ||
| Q3 25 | $0.13 | $-1.33 | ||
| Q2 25 | $0.77 | $1.00 | ||
| Q1 25 | $1.30 | $1.39 | ||
| Q4 24 | $0.90 | $0.71 | ||
| Q3 24 | $1.28 | $2.96 | ||
| Q2 24 | $2.23 | $1.36 |
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 | $14.3M |
| 总债务越低越好 | $348.0M | — |
| 股东权益账面价值 | $1.7B | $2.1B |
| 总资产 | $2.6B | $5.4B |
| 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LPXNOG
| Q1 26 | — | $14.3M | ||
| Q4 25 | $292.0M | $14.3M | ||
| Q3 25 | $316.0M | $31.6M | ||
| Q2 25 | $333.0M | $25.9M | ||
| Q1 25 | $256.0M | $33.6M | ||
| Q4 24 | $340.0M | $8.9M | ||
| Q3 24 | $346.0M | $34.4M | ||
| Q2 24 | $317.0M | $7.8M |
总债务LPXNOG
| Q1 26 | — | — | ||
| Q4 25 | $348.0M | $2.4B | ||
| Q3 25 | $348.0M | $2.3B | ||
| Q2 25 | $348.0M | $2.4B | ||
| Q1 25 | $348.0M | $2.3B | ||
| Q4 24 | $348.0M | $2.4B | ||
| Q3 24 | $347.0M | $2.0B | ||
| Q2 24 | $347.0M | $1.9B |
股东权益LPXNOG
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.7B | $2.4B | ||
| Q1 25 | $1.7B | $2.4B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $1.7B | $2.3B | ||
| Q2 24 | $1.7B | $2.1B |
总资产LPXNOG
| Q1 26 | — | $5.4B | ||
| Q4 25 | $2.6B | $5.4B | ||
| Q3 25 | $2.6B | $5.5B | ||
| Q2 25 | $2.7B | $5.7B | ||
| Q1 25 | $2.6B | $5.7B | ||
| Q4 24 | $2.6B | $5.6B | ||
| Q3 24 | $2.6B | $5.1B | ||
| Q2 24 | $2.5B | $4.7B |
负债/权益比LPXNOG
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 1.13× | ||
| Q3 25 | 0.20× | 1.05× | ||
| Q2 25 | 0.20× | 0.98× | ||
| Q1 25 | 0.21× | 0.96× | ||
| Q4 24 | 0.21× | 1.02× | ||
| Q3 24 | 0.21× | 0.84× | ||
| Q2 24 | 0.21× | 0.91× |
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 | $312.6M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $43.2M |
| 自由现金流率自由现金流/营收 | -1.4% | 7.1% |
| 资本支出强度资本支出/营收 | 13.3% | 31.5% |
| 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LPXNOG
| Q1 26 | — | $312.6M | ||
| Q4 25 | $67.0M | $312.6M | ||
| Q3 25 | $89.0M | $423.1M | ||
| Q2 25 | $162.0M | $362.1M | ||
| Q1 25 | $64.0M | $407.4M | ||
| Q4 24 | $105.0M | $290.3M | ||
| Q3 24 | $183.0M | $385.8M | ||
| Q2 24 | $212.0M | $340.5M |
自由现金流LPXNOG
| Q1 26 | — | $43.2M | ||
| Q4 25 | $-8.0M | — | ||
| Q3 25 | $5.0M | — | ||
| Q2 25 | $94.0M | — | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $43.0M | — | ||
| Q3 24 | $139.0M | — | ||
| Q2 24 | $176.0M | — |
自由现金流率LPXNOG
| Q1 26 | — | 7.1% | ||
| Q4 25 | -1.4% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 19.3% | — | ||
| Q2 24 | 21.6% | — |
资本支出强度LPXNOG
| Q1 26 | — | 31.5% | ||
| Q4 25 | 13.3% | — | ||
| Q3 25 | 12.7% | — | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | 8.8% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 6.1% | — | ||
| Q2 24 | 4.4% | — |
现金转化率LPXNOG
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 9.89× | — | ||
| Q2 25 | 3.00× | 3.64× | ||
| Q1 25 | 0.70× | 2.93× | ||
| Q4 24 | 1.69× | 4.05× | ||
| Q3 24 | 2.03× | 1.29× | ||
| Q2 24 | 1.32× | 2.46× |
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% |
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
