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LOUISIANA-PACIFIC CORP（LPX）与EPLUS INC（PLUS）财务数据对比。点击上方公司名可切换其他公司
EPLUS INC的季度营收约是LOUISIANA-PACIFIC CORP的1.1倍（$614.8M vs $566.0M），EPLUS INC净利率更高（5.7% vs -1.4%，领先7.1%），EPLUS INC同比增速更快（20.3% vs -16.9%），过去两年EPLUS INC的营收复合增速更高（2.3% 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。
ePlus Inc.是美国的科技咨询解决方案提供商，业务覆盖网络安全、云计算、网络架构、协作办公、人工智能及前沿技术领域，为超5000家客户提供定制化解决方案、专业咨询与托管服务，助力企业实现数字化转型与技术升级。
LPX vs PLUS — 直观对比
营收规模更大
PLUS
是对方的1.1倍
$566.0M
营收增速更快
PLUS
高出37.2%
-16.9%
净利率更高
PLUS
高出7.1%
-1.4%
两年增速更快
PLUS
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $614.8M |
| 净利润 | $-8.0M | $35.1M |
| 毛利率 | 15.0% | 25.8% |
| 营业利润率 | -1.6% | 7.1% |
| 净利率 | -1.4% | 5.7% |
| 营收同比 | -16.9% | 20.3% |
| 净利润同比 | -112.9% | 45.2% |
| 每股收益（稀释后） | $-0.12 | $1.33 |
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LPXPLUS
| Q4 25 | $566.0M | $614.8M | ||
| Q3 25 | $663.0M | $608.8M | ||
| Q2 25 | $755.0M | $637.3M | ||
| Q1 25 | $724.0M | — | ||
| Q4 24 | $681.0M | $493.2M | ||
| Q3 24 | $722.0M | $493.4M | ||
| Q2 24 | $814.0M | $535.7M | ||
| Q1 24 | $724.0M | — |
净利润LPXPLUS
| Q4 25 | $-8.0M | $35.1M | ||
| Q3 25 | $9.0M | $34.9M | ||
| Q2 25 | $54.0M | $37.7M | ||
| Q1 25 | $91.0M | — | ||
| Q4 24 | $62.0M | $24.1M | ||
| Q3 24 | $90.0M | $31.3M | ||
| Q2 24 | $160.0M | $27.3M | ||
| Q1 24 | $108.0M | — |
毛利率LPXPLUS
| Q4 25 | 15.0% | 25.8% | ||
| Q3 25 | 19.5% | 26.6% | ||
| Q2 25 | 23.6% | 23.3% | ||
| Q1 25 | 27.2% | — | ||
| Q4 24 | 23.8% | 25.4% | ||
| Q3 24 | 26.7% | 25.8% | ||
| Q2 24 | 32.3% | 23.7% | ||
| Q1 24 | 29.6% | — |
营业利润率LPXPLUS
| Q4 25 | -1.6% | 7.1% | ||
| Q3 25 | 2.7% | 8.0% | ||
| Q2 25 | 10.6% | 5.7% | ||
| Q1 25 | 16.6% | — | ||
| Q4 24 | 11.0% | 3.3% | ||
| Q3 24 | 16.1% | 5.5% | ||
| Q2 24 | 23.8% | 5.9% | ||
| Q1 24 | 20.0% | — |
净利率LPXPLUS
| Q4 25 | -1.4% | 5.7% | ||
| Q3 25 | 1.4% | 5.7% | ||
| Q2 25 | 7.2% | 5.9% | ||
| Q1 25 | 12.6% | — | ||
| Q4 24 | 9.1% | 4.9% | ||
| Q3 24 | 12.5% | 6.3% | ||
| Q2 24 | 19.7% | 5.1% | ||
| Q1 24 | 14.9% | — |
每股收益（稀释后）LPXPLUS
| Q4 25 | $-0.12 | $1.33 | ||
| Q3 25 | $0.13 | $1.32 | ||
| Q2 25 | $0.77 | $1.43 | ||
| Q1 25 | $1.30 | — | ||
| Q4 24 | $0.90 | $0.91 | ||
| Q3 24 | $1.28 | $1.17 | ||
| Q2 24 | $2.23 | $1.02 | ||
| Q1 24 | $1.48 | — |
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 | $326.3M |
| 总债务越低越好 | $348.0M | — |
| 股东权益账面价值 | $1.7B | $1.1B |
| 总资产 | $2.6B | $1.8B |
| 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LPXPLUS
| Q4 25 | $292.0M | $326.3M | ||
| Q3 25 | $316.0M | $402.2M | ||
| Q2 25 | $333.0M | $480.2M | ||
| Q1 25 | $256.0M | — | ||
| Q4 24 | $340.0M | $253.1M | ||
| Q3 24 | $346.0M | $187.5M | ||
| Q2 24 | $317.0M | $349.9M | ||
| Q1 24 | $244.0M | — |
总债务LPXPLUS
| 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LPXPLUS
| Q4 25 | $1.7B | $1.1B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $962.3M | ||
| Q3 24 | $1.7B | $947.0M | ||
| Q2 24 | $1.7B | $921.9M | ||
| Q1 24 | $1.6B | — |
总资产LPXPLUS
| Q4 25 | $2.6B | $1.8B | ||
| Q3 25 | $2.6B | $1.8B | ||
| Q2 25 | $2.7B | $1.8B | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $1.8B | ||
| Q3 24 | $2.6B | $1.7B | ||
| Q2 24 | $2.5B | $1.7B | ||
| Q1 24 | $2.5B | — |
负债/权益比LPXPLUS
| 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 | $-87.4M |
| 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 | — | -2.49× |
| 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LPXPLUS
| Q4 25 | $67.0M | $-87.4M | ||
| Q3 25 | $89.0M | $-34.8M | ||
| Q2 25 | $162.0M | $-99.0M | ||
| Q1 25 | $64.0M | — | ||
| Q4 24 | $105.0M | $65.7M | ||
| Q3 24 | $183.0M | $-21.6M | ||
| Q2 24 | $212.0M | $97.1M | ||
| Q1 24 | $105.0M | — |
自由现金流LPXPLUS
| 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LPXPLUS
| 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LPXPLUS
| 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LPXPLUS
| Q4 25 | — | -2.49× | ||
| Q3 25 | 9.89× | -1.00× | ||
| Q2 25 | 3.00× | -2.63× | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 1.69× | 2.72× | ||
| Q3 24 | 2.03× | -0.69× | ||
| Q2 24 | 1.32× | 3.55× | ||
| 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% |
PLUS
| All Others Customer End Market | $107.0M | 17% |
| Technology Customer End Market | $89.4M | 15% |
| Health Care Customer End Market | $81.5M | 13% |
| Financial Services Customer End Market | $66.1M | 11% |
| Professional Services Reporting Unit | $64.1M | 10% |
| Security | $61.1M | 10% |
| State And Local Government And Educational Institutions | $59.9M | 10% |
| Managed Services Reporting Unit | $48.8M | 8% |
| Other Product | $21.1M | 3% |
| Collaboration | $13.4M | 2% |
