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LOUISIANA-PACIFIC CORP（LPX）与PIPER SANDLER COMPANIES（PIPR）财务数据对比。点击上方公司名可切换其他公司
PIPER SANDLER COMPANIES的季度营收约是LOUISIANA-PACIFIC CORP的1.2倍（$667.0M vs $566.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs -1.4%，领先18.5%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs -16.9%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% 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。
Piper Sandler是一家美国跨国投资银行及金融服务提供商，核心业务覆盖并购重组、财务重整、公开募股、公共财政、机构经纪、投资管理、证券研究等领域，通过旗下核心子公司Piper Sandler & Co.为企业、机构投资者及公共组织提供专业金融服务。
LPX vs PIPR — 直观对比
营收规模更大
PIPR
是对方的1.2倍
$566.0M
营收增速更快
PIPR
高出54.3%
-16.9%
净利率更高
PIPR
高出18.5%
-1.4%
两年增速更快
PIPR
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $667.0M |
| 净利润 | $-8.0M | $114.0M |
| 毛利率 | 15.0% | — |
| 营业利润率 | -1.6% | 28.3% |
| 净利率 | -1.4% | 17.1% |
| 营收同比 | -16.9% | 37.4% |
| 净利润同比 | -112.9% | 65.0% |
| 每股收益（稀释后） | $-0.12 | $6.41 |
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LPXPIPR
| Q4 25 | $566.0M | $667.0M | ||
| Q3 25 | $663.0M | $480.1M | ||
| Q2 25 | $755.0M | $398.6M | ||
| Q1 25 | $724.0M | $358.6M | ||
| Q4 24 | $681.0M | $485.4M | ||
| Q3 24 | $722.0M | $360.9M | ||
| Q2 24 | $814.0M | $340.8M | ||
| Q1 24 | $724.0M | $344.4M |
净利润LPXPIPR
| Q4 25 | $-8.0M | $114.0M | ||
| Q3 25 | $9.0M | $60.3M | ||
| Q2 25 | $54.0M | $42.2M | ||
| Q1 25 | $91.0M | $64.9M | ||
| Q4 24 | $62.0M | $69.1M | ||
| Q3 24 | $90.0M | $34.8M | ||
| Q2 24 | $160.0M | $34.8M | ||
| Q1 24 | $108.0M | $42.5M |
毛利率LPXPIPR
| Q4 25 | 15.0% | — | ||
| Q3 25 | 19.5% | — | ||
| Q2 25 | 23.6% | — | ||
| Q1 25 | 27.2% | — | ||
| Q4 24 | 23.8% | — | ||
| Q3 24 | 26.7% | — | ||
| Q2 24 | 32.3% | — | ||
| Q1 24 | 29.6% | — |
营业利润率LPXPIPR
| Q4 25 | -1.6% | 28.3% | ||
| Q3 25 | 2.7% | 22.4% | ||
| Q2 25 | 10.6% | 12.3% | ||
| Q1 25 | 16.6% | 8.2% | ||
| Q4 24 | 11.0% | 16.9% | ||
| Q3 24 | 16.1% | 15.4% | ||
| Q2 24 | 23.8% | 8.3% | ||
| Q1 24 | 20.0% | 15.2% |
净利率LPXPIPR
| Q4 25 | -1.4% | 17.1% | ||
| Q3 25 | 1.4% | 12.6% | ||
| Q2 25 | 7.2% | 10.6% | ||
| Q1 25 | 12.6% | 18.1% | ||
| Q4 24 | 9.1% | 14.2% | ||
| Q3 24 | 12.5% | 9.6% | ||
| Q2 24 | 19.7% | 10.2% | ||
| Q1 24 | 14.9% | 12.3% |
每股收益（稀释后）LPXPIPR
| Q4 25 | $-0.12 | $6.41 | ||
| Q3 25 | $0.13 | $3.38 | ||
| Q2 25 | $0.77 | $2.38 | ||
| Q1 25 | $1.30 | $3.65 | ||
| Q4 24 | $0.90 | $3.88 | ||
| Q3 24 | $1.28 | $1.96 | ||
| Q2 24 | $2.23 | $1.97 | ||
| Q1 24 | $1.48 | $2.43 |
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 | — |
| 总债务越低越好 | $348.0M | — |
| 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× | — |
8季度趋势，按日历期对齐
现金及短期投资LPXPIPR
| Q4 25 | $292.0M | — | ||
| Q3 25 | $316.0M | — | ||
| Q2 25 | $333.0M | — | ||
| Q1 25 | $256.0M | — | ||
| Q4 24 | $340.0M | — | ||
| Q3 24 | $346.0M | — | ||
| Q2 24 | $317.0M | — | ||
| Q1 24 | $244.0M | — |
总债务LPXPIPR
| 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LPXPIPR
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $1.2B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.6B | $1.1B |
总资产LPXPIPR
| Q4 25 | $2.6B | $2.6B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $2.7B | $2.0B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.6B | $2.3B | ||
| Q3 24 | $2.6B | $2.0B | ||
| Q2 24 | $2.5B | $1.9B | ||
| Q1 24 | $2.5B | $1.8B |
负债/权益比LPXPIPR
| 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 | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | — |
| 自由现金流率自由现金流/营收 | -1.4% | — |
| 资本支出强度资本支出/营收 | 13.3% | — |
| 现金转化率经营现金流/净利润 | — | 6.40× |
| 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LPXPIPR
| Q4 25 | $67.0M | $729.8M | ||
| Q3 25 | $89.0M | $31.9M | ||
| Q2 25 | $162.0M | $32.1M | ||
| Q1 25 | $64.0M | $-207.2M | ||
| Q4 24 | $105.0M | $163.8M | ||
| Q3 24 | $183.0M | $80.1M | ||
| Q2 24 | $212.0M | $266.5M | ||
| Q1 24 | $105.0M | $-197.2M |
自由现金流LPXPIPR
| 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 | — | ||
| Q1 24 | $64.0M | — |
自由现金流率LPXPIPR
| 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% | — | ||
| Q1 24 | 8.8% | — |
资本支出强度LPXPIPR
| 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% | — | ||
| Q1 24 | 5.7% | — |
现金转化率LPXPIPR
| Q4 25 | — | 6.40× | ||
| Q3 25 | 9.89× | 0.53× | ||
| Q2 25 | 3.00× | 0.76× | ||
| Q1 25 | 0.70× | -3.19× | ||
| Q4 24 | 1.69× | 2.37× | ||
| Q3 24 | 2.03× | 2.30× | ||
| Q2 24 | 1.32× | 7.66× | ||
| Q1 24 | 0.97× | -4.64× |
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% |
PIPR
| Advisory Services | $402.6M | 60% |
| Equities Financing | $66.7M | 10% |
| Equity Salesand Trading | $64.2M | 10% |
| Fixed Income Salesand Trading | $47.9M | 7% |
| Other | $46.7M | 7% |
| Debt Financing | $38.9M | 6% |
