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LOUISIANA-PACIFIC CORP（LPX）与ROYAL GOLD INC（RGLD）财务数据对比。点击上方公司名可切换其他公司
LOUISIANA-PACIFIC CORP的季度营收约是ROYAL GOLD INC的1.5倍（$566.0M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -1.4%，领先26.4%），ROYAL GOLD INC同比增速更快（85.3% vs -16.9%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% 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。
Royal Gold Inc.是全球领先的贵金属流权与特许权经营企业，收购并管理多元化的矿业项目流权、净熔炼收益特许权及相关权益，资产覆盖黄金、白银、铜等品类，业务遍及多地区，无需直接承担采矿运营风险。
LPX vs RGLD — 直观对比
营收规模更大
LPX
是对方的1.5倍
$375.3M
营收增速更快
RGLD
高出102.2%
-16.9%
净利率更高
RGLD
高出26.4%
-1.4%
两年增速更快
RGLD
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $375.3M |
| 净利润 | $-8.0M | $93.6M |
| 毛利率 | 15.0% | 64.6% |
| 营业利润率 | -1.6% | 56.2% |
| 净利率 | -1.4% | 24.9% |
| 营收同比 | -16.9% | 85.3% |
| 净利润同比 | -112.9% | -12.8% |
| 每股收益（稀释后） | $-0.12 | $1.04 |
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LPXRGLD
| Q4 25 | $566.0M | $375.3M | ||
| Q3 25 | $663.0M | $252.1M | ||
| Q2 25 | $755.0M | $209.6M | ||
| Q1 25 | $724.0M | $193.4M | ||
| Q4 24 | $681.0M | $202.6M | ||
| Q3 24 | $722.0M | $193.8M | ||
| Q2 24 | $814.0M | $174.1M | ||
| Q1 24 | $724.0M | $148.9M |
净利润LPXRGLD
| Q4 25 | $-8.0M | $93.6M | ||
| Q3 25 | $9.0M | $126.8M | ||
| Q2 25 | $54.0M | $132.3M | ||
| Q1 25 | $91.0M | $113.5M | ||
| Q4 24 | $62.0M | $107.4M | ||
| Q3 24 | $90.0M | $96.2M | ||
| Q2 24 | $160.0M | $81.2M | ||
| Q1 24 | $108.0M | $47.2M |
毛利率LPXRGLD
| Q4 25 | 15.0% | 64.6% | ||
| Q3 25 | 19.5% | 73.6% | ||
| Q2 25 | 23.6% | 72.6% | ||
| Q1 25 | 27.2% | 69.4% | ||
| Q4 24 | 23.8% | 70.3% | ||
| Q3 24 | 26.7% | 66.6% | ||
| Q2 24 | 32.3% | 64.7% | ||
| Q1 24 | 29.6% | 58.4% |
营业利润率LPXRGLD
| Q4 25 | -1.6% | 56.2% | ||
| Q3 25 | 2.7% | 64.4% | ||
| Q2 25 | 10.6% | 67.7% | ||
| Q1 25 | 16.6% | 63.6% | ||
| Q4 24 | 11.0% | 65.9% | ||
| Q3 24 | 16.1% | 61.3% | ||
| Q2 24 | 23.8% | 58.6% | ||
| Q1 24 | 20.0% | 50.7% |
净利率LPXRGLD
| Q4 25 | -1.4% | 24.9% | ||
| Q3 25 | 1.4% | 50.3% | ||
| Q2 25 | 7.2% | 63.1% | ||
| Q1 25 | 12.6% | 58.7% | ||
| Q4 24 | 9.1% | 53.0% | ||
| Q3 24 | 12.5% | 49.7% | ||
| Q2 24 | 19.7% | 46.6% | ||
| Q1 24 | 14.9% | 31.7% |
每股收益（稀释后）LPXRGLD
| Q4 25 | $-0.12 | $1.04 | ||
| Q3 25 | $0.13 | $1.92 | ||
| Q2 25 | $0.77 | $2.01 | ||
| Q1 25 | $1.30 | $1.72 | ||
| Q4 24 | $0.90 | $1.63 | ||
| Q3 24 | $1.28 | $1.46 | ||
| Q2 24 | $2.23 | $1.23 | ||
| Q1 24 | $1.48 | $0.72 |
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 | $233.7M |
| 总债务越低越好 | $348.0M | — |
| 股东权益账面价值 | $1.7B | $7.2B |
| 总资产 | $2.6B | $9.5B |
| 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LPXRGLD
| Q4 25 | $292.0M | $233.7M | ||
| Q3 25 | $316.0M | $172.8M | ||
| Q2 25 | $333.0M | $248.2M | ||
| Q1 25 | $256.0M | $240.8M | ||
| Q4 24 | $340.0M | $195.5M | ||
| Q3 24 | $346.0M | $127.9M | ||
| Q2 24 | $317.0M | $74.2M | ||
| Q1 24 | $244.0M | $137.9M |
总债务LPXRGLD
| Q4 25 | $348.0M | — | ||
| Q3 25 | $348.0M | — | ||
| Q2 25 | $348.0M | — | ||
| Q1 25 | $348.0M | — | ||
| Q4 24 | $348.0M | — | ||
| Q3 24 | $347.0M | $0 | ||
| Q2 24 | $347.0M | $50.0M | ||
| Q1 24 | $347.0M | — |
股东权益LPXRGLD
| Q4 25 | $1.7B | $7.2B | ||
| Q3 25 | $1.7B | $3.4B | ||
| Q2 25 | $1.7B | $3.3B | ||
| Q1 25 | $1.7B | $3.2B | ||
| Q4 24 | $1.7B | $3.1B | ||
| Q3 24 | $1.7B | $3.0B | ||
| Q2 24 | $1.7B | $3.0B | ||
| Q1 24 | $1.6B | $2.9B |
总资产LPXRGLD
| Q4 25 | $2.6B | $9.5B | ||
| Q3 25 | $2.6B | $4.5B | ||
| Q2 25 | $2.7B | $3.6B | ||
| Q1 25 | $2.6B | $3.5B | ||
| Q4 24 | $2.6B | $3.4B | ||
| Q3 24 | $2.6B | $3.3B | ||
| Q2 24 | $2.5B | $3.3B | ||
| Q1 24 | $2.5B | $3.3B |
负债/权益比LPXRGLD
| Q4 25 | 0.20× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.21× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.21× | 0.00× | ||
| Q2 24 | 0.21× | 0.02× | ||
| 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 | $241.7M |
| 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 | — | 2.58× |
| 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LPXRGLD
| Q4 25 | $67.0M | $241.7M | ||
| Q3 25 | $89.0M | $174.0M | ||
| Q2 25 | $162.0M | $152.8M | ||
| Q1 25 | $64.0M | $136.4M | ||
| Q4 24 | $105.0M | $141.1M | ||
| Q3 24 | $183.0M | $136.7M | ||
| Q2 24 | $212.0M | $113.5M | ||
| Q1 24 | $105.0M | $138.3M |
自由现金流LPXRGLD
| 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LPXRGLD
| 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LPXRGLD
| 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LPXRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | 9.89× | 1.37× | ||
| Q2 25 | 3.00× | 1.15× | ||
| Q1 25 | 0.70× | 1.20× | ||
| Q4 24 | 1.69× | 1.31× | ||
| Q3 24 | 2.03× | 1.42× | ||
| Q2 24 | 1.32× | 1.40× | ||
| Q1 24 | 0.97× | 2.93× |
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% |
RGLD
| Gold | $216.9M | 58% |
| Pueblo Viejo | $47.3M | 13% |
| Andacollo | $32.6M | 9% |
| Silver | $32.1M | 9% |
| Other | $27.2M | 7% |
| Copper | $13.7M | 4% |
| Cortez Legacy Zone | $5.4M | 1% |
