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LOUISIANA-PACIFIC CORP（LPX）与BOSTON BEER CO INC（SAM）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BOSTON BEER CO INC的1.5倍（$566.0M vs $385.7M），LOUISIANA-PACIFIC CORP净利率更高（-1.4% vs -5.8%，领先4.4%），BOSTON BEER CO INC同比增速更快（-4.1% vs -16.9%），BOSTON BEER CO INC自由现金流更多（$22.1M vs $-8.0M），过去两年BOSTON BEER CO INC的营收复合增速更高（-4.9% 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。
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
LPX vs SAM — 直观对比
营收规模更大
LPX
是对方的1.5倍
$385.7M
营收增速更快
SAM
高出12.8%
-16.9%
净利率更高
LPX
高出4.4%
-5.8%
自由现金流更多
SAM
多$30.1M
$-8.0M
两年增速更快
SAM
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $385.7M |
| 净利润 | $-8.0M | $-22.5M |
| 毛利率 | 15.0% | 43.5% |
| 营业利润率 | -1.6% | -8.6% |
| 净利率 | -1.4% | -5.8% |
| 营收同比 | -16.9% | -4.1% |
| 净利润同比 | -112.9% | 41.9% |
| 每股收益（稀释后） | $-0.12 | $-1.97 |
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LPXSAM
| Q4 25 | $566.0M | $385.7M | ||
| Q3 25 | $663.0M | $537.5M | ||
| Q2 25 | $755.0M | $587.9M | ||
| Q1 25 | $724.0M | $453.9M | ||
| Q4 24 | $681.0M | $402.3M | ||
| Q3 24 | $722.0M | $605.5M | ||
| Q2 24 | $814.0M | $579.1M | ||
| Q1 24 | $724.0M | $426.1M |
净利润LPXSAM
| Q4 25 | $-8.0M | $-22.5M | ||
| Q3 25 | $9.0M | $46.2M | ||
| Q2 25 | $54.0M | $60.4M | ||
| Q1 25 | $91.0M | $24.4M | ||
| Q4 24 | $62.0M | $-38.8M | ||
| Q3 24 | $90.0M | $33.5M | ||
| Q2 24 | $160.0M | $52.3M | ||
| Q1 24 | $108.0M | $12.6M |
毛利率LPXSAM
| Q4 25 | 15.0% | 43.5% | ||
| Q3 25 | 19.5% | 50.8% | ||
| Q2 25 | 23.6% | 49.8% | ||
| Q1 25 | 27.2% | 48.3% | ||
| Q4 24 | 23.8% | 39.9% | ||
| Q3 24 | 26.7% | 46.3% | ||
| Q2 24 | 32.3% | 46.0% | ||
| Q1 24 | 29.6% | 43.7% |
营业利润率LPXSAM
| Q4 25 | -1.6% | -8.6% | ||
| Q3 25 | 2.7% | 11.5% | ||
| Q2 25 | 10.6% | 14.0% | ||
| Q1 25 | 16.6% | 7.4% | ||
| Q4 24 | 11.0% | -13.9% | ||
| Q3 24 | 16.1% | 7.6% | ||
| Q2 24 | 23.8% | 12.2% | ||
| Q1 24 | 20.0% | 3.6% |
净利率LPXSAM
| Q4 25 | -1.4% | -5.8% | ||
| Q3 25 | 1.4% | 8.6% | ||
| Q2 25 | 7.2% | 10.3% | ||
| Q1 25 | 12.6% | 5.4% | ||
| Q4 24 | 9.1% | -9.6% | ||
| Q3 24 | 12.5% | 5.5% | ||
| Q2 24 | 19.7% | 9.0% | ||
| Q1 24 | 14.9% | 3.0% |
每股收益（稀释后）LPXSAM
| Q4 25 | $-0.12 | $-1.97 | ||
| Q3 25 | $0.13 | $4.25 | ||
| Q2 25 | $0.77 | $5.45 | ||
| Q1 25 | $1.30 | $2.16 | ||
| Q4 24 | $0.90 | $-3.23 | ||
| Q3 24 | $1.28 | $2.86 | ||
| Q2 24 | $2.23 | $4.39 | ||
| Q1 24 | $1.48 | $1.04 |
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 | $223.4M |
| 总债务越低越好 | $348.0M | — |
| 股东权益账面价值 | $1.7B | $846.3M |
| 总资产 | $2.6B | $1.2B |
| 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LPXSAM
| Q4 25 | $292.0M | $223.4M | ||
| Q3 25 | $316.0M | $250.5M | ||
| Q2 25 | $333.0M | $212.4M | ||
| Q1 25 | $256.0M | $152.5M | ||
| Q4 24 | $340.0M | $211.8M | ||
| Q3 24 | $346.0M | $255.6M | ||
| Q2 24 | $317.0M | $219.3M | ||
| Q1 24 | $244.0M | $205.4M |
总债务LPXSAM
| 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LPXSAM
| Q4 25 | $1.7B | $846.3M | ||
| Q3 25 | $1.7B | $911.0M | ||
| Q2 25 | $1.7B | $912.3M | ||
| Q1 25 | $1.7B | $897.0M | ||
| Q4 24 | $1.7B | $916.2M | ||
| Q3 24 | $1.7B | $1.0B | ||
| Q2 24 | $1.7B | $1.0B | ||
| Q1 24 | $1.6B | $1.0B |
总资产LPXSAM
| Q4 25 | $2.6B | $1.2B | ||
| Q3 25 | $2.6B | $1.2B | ||
| Q2 25 | $2.7B | $1.3B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.6B | $1.3B | ||
| Q3 24 | $2.6B | $1.4B | ||
| Q2 24 | $2.5B | $1.4B | ||
| Q1 24 | $2.5B | $1.4B |
负债/权益比LPXSAM
| 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 | $39.9M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $22.1M |
| 自由现金流率自由现金流/营收 | -1.4% | 5.7% |
| 资本支出强度资本支出/营收 | 13.3% | 4.6% |
| 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 | $215.6M |
8季度趋势，按日历期对齐
经营现金流LPXSAM
| Q4 25 | $67.0M | $39.9M | ||
| Q3 25 | $89.0M | $101.8M | ||
| Q2 25 | $162.0M | $126.5M | ||
| Q1 25 | $64.0M | $1.9M | ||
| Q4 24 | $105.0M | $41.9M | ||
| Q3 24 | $183.0M | $115.9M | ||
| Q2 24 | $212.0M | $96.0M | ||
| Q1 24 | $105.0M | $-4.9M |
自由现金流LPXSAM
| Q4 25 | $-8.0M | $22.1M | ||
| Q3 25 | $5.0M | $89.2M | ||
| Q2 25 | $94.0M | $112.2M | ||
| Q1 25 | $0 | $-8.0M | ||
| Q4 24 | $43.0M | $18.4M | ||
| Q3 24 | $139.0M | $99.2M | ||
| Q2 24 | $176.0M | $75.6M | ||
| Q1 24 | $64.0M | $-20.6M |
自由现金流率LPXSAM
| Q4 25 | -1.4% | 5.7% | ||
| Q3 25 | 0.8% | 16.6% | ||
| Q2 25 | 12.5% | 19.1% | ||
| Q1 25 | 0.0% | -1.8% | ||
| Q4 24 | 6.3% | 4.6% | ||
| Q3 24 | 19.3% | 16.4% | ||
| Q2 24 | 21.6% | 13.1% | ||
| Q1 24 | 8.8% | -4.8% |
资本支出强度LPXSAM
| Q4 25 | 13.3% | 4.6% | ||
| Q3 25 | 12.7% | 2.3% | ||
| Q2 25 | 9.0% | 2.4% | ||
| Q1 25 | 8.8% | 2.2% | ||
| Q4 24 | 9.1% | 5.8% | ||
| Q3 24 | 6.1% | 2.8% | ||
| Q2 24 | 4.4% | 3.5% | ||
| Q1 24 | 5.7% | 3.7% |
现金转化率LPXSAM
| Q4 25 | — | — | ||
| Q3 25 | 9.89× | 2.21× | ||
| Q2 25 | 3.00× | 2.09× | ||
| Q1 25 | 0.70× | 0.08× | ||
| Q4 24 | 1.69× | — | ||
| Q3 24 | 2.03× | 3.46× | ||
| Q2 24 | 1.32× | 1.83× | ||
| Q1 24 | 0.97× | -0.39× |
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% |
SAM
暂无分部数据
