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LOUISIANA-PACIFIC CORP（LPX）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是LOUISIANA-PACIFIC CORP的1.4倍（$766.5M vs $566.0M），SCANSOURCE, INC.净利率更高（2.2% vs -1.4%，领先3.6%），SCANSOURCE, INC.同比增速更快（2.5% vs -16.9%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $-8.0M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% 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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
LPX vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.4倍
$566.0M
营收增速更快
SCSC
高出19.4%
-16.9%
净利率更高
SCSC
高出3.6%
-1.4%
自由现金流更多
SCSC
多$36.9M
$-8.0M
两年增速更快
SCSC
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $766.5M |
| 净利润 | $-8.0M | $16.5M |
| 毛利率 | 15.0% | 13.4% |
| 营业利润率 | -1.6% | 2.3% |
| 净利率 | -1.4% | 2.2% |
| 营收同比 | -16.9% | 2.5% |
| 净利润同比 | -112.9% | -3.3% |
| 每股收益（稀释后） | $-0.12 | $0.75 |
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LPXSCSC
| Q4 25 | $566.0M | $766.5M | ||
| Q3 25 | $663.0M | $739.6M | ||
| Q2 25 | $755.0M | $812.9M | ||
| Q1 25 | $724.0M | $704.8M | ||
| Q4 24 | $681.0M | $747.5M | ||
| Q3 24 | $722.0M | $775.6M | ||
| Q2 24 | $814.0M | $746.1M | ||
| Q1 24 | $724.0M | $752.6M |
净利润LPXSCSC
| Q4 25 | $-8.0M | $16.5M | ||
| Q3 25 | $9.0M | $19.9M | ||
| Q2 25 | $54.0M | $20.1M | ||
| Q1 25 | $91.0M | $17.4M | ||
| Q4 24 | $62.0M | $17.1M | ||
| Q3 24 | $90.0M | $17.0M | ||
| Q2 24 | $160.0M | $16.1M | ||
| Q1 24 | $108.0M | $12.8M |
毛利率LPXSCSC
| Q4 25 | 15.0% | 13.4% | ||
| Q3 25 | 19.5% | 14.5% | ||
| Q2 25 | 23.6% | 12.9% | ||
| Q1 25 | 27.2% | 14.2% | ||
| Q4 24 | 23.8% | 13.6% | ||
| Q3 24 | 26.7% | 13.1% | ||
| Q2 24 | 32.3% | 13.0% | ||
| Q1 24 | 29.6% | 12.6% |
营业利润率LPXSCSC
| Q4 25 | -1.6% | 2.3% | ||
| Q3 25 | 2.7% | 3.5% | ||
| Q2 25 | 10.6% | 3.3% | ||
| Q1 25 | 16.6% | 3.2% | ||
| Q4 24 | 11.0% | 2.5% | ||
| Q3 24 | 16.1% | 2.3% | ||
| Q2 24 | 23.8% | 2.9% | ||
| Q1 24 | 20.0% | 2.3% |
净利率LPXSCSC
| Q4 25 | -1.4% | 2.2% | ||
| Q3 25 | 1.4% | 2.7% | ||
| Q2 25 | 7.2% | 2.5% | ||
| Q1 25 | 12.6% | 2.5% | ||
| Q4 24 | 9.1% | 2.3% | ||
| Q3 24 | 12.5% | 2.2% | ||
| Q2 24 | 19.7% | 2.2% | ||
| Q1 24 | 14.9% | 1.7% |
每股收益（稀释后）LPXSCSC
| Q4 25 | $-0.12 | $0.75 | ||
| Q3 25 | $0.13 | $0.89 | ||
| Q2 25 | $0.77 | $0.87 | ||
| Q1 25 | $1.30 | $0.74 | ||
| Q4 24 | $0.90 | $0.70 | ||
| Q3 24 | $1.28 | $0.69 | ||
| Q2 24 | $2.23 | $0.66 | ||
| Q1 24 | $1.48 | $0.50 |
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 | $83.5M |
| 总债务越低越好 | $348.0M | — |
| 股东权益账面价值 | $1.7B | $910.9M |
| 总资产 | $2.6B | $1.7B |
| 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LPXSCSC
| Q4 25 | $292.0M | $83.5M | ||
| Q3 25 | $316.0M | $124.9M | ||
| Q2 25 | $333.0M | $126.2M | ||
| Q1 25 | $256.0M | $146.3M | ||
| Q4 24 | $340.0M | $110.5M | ||
| Q3 24 | $346.0M | $145.0M | ||
| Q2 24 | $317.0M | $185.5M | ||
| Q1 24 | $244.0M | $159.1M |
总债务LPXSCSC
| 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LPXSCSC
| Q4 25 | $1.7B | $910.9M | ||
| Q3 25 | $1.7B | $914.0M | ||
| Q2 25 | $1.7B | $906.4M | ||
| Q1 25 | $1.7B | $901.7M | ||
| Q4 24 | $1.7B | $900.7M | ||
| Q3 24 | $1.7B | $920.9M | ||
| Q2 24 | $1.7B | $924.3M | ||
| Q1 24 | $1.6B | $944.1M |
总资产LPXSCSC
| Q4 25 | $2.6B | $1.7B | ||
| Q3 25 | $2.6B | $1.7B | ||
| Q2 25 | $2.7B | $1.8B | ||
| Q1 25 | $2.6B | $1.7B | ||
| Q4 24 | $2.6B | $1.7B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $2.5B | $1.8B | ||
| Q1 24 | $2.5B | $1.8B |
负债/权益比LPXSCSC
| 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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $28.9M |
| 自由现金流率自由现金流/营收 | -1.4% | 3.8% |
| 资本支出强度资本支出/营收 | 13.3% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 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LPXSCSC
| Q4 25 | $67.0M | $30.8M | ||
| Q3 25 | $89.0M | $23.2M | ||
| Q2 25 | $162.0M | — | ||
| Q1 25 | $64.0M | $66.1M | ||
| Q4 24 | $105.0M | $-6.2M | ||
| Q3 24 | $183.0M | $44.8M | ||
| Q2 24 | $212.0M | — | ||
| Q1 24 | $105.0M | $160.2M |
自由现金流LPXSCSC
| Q4 25 | $-8.0M | $28.9M | ||
| Q3 25 | $5.0M | $20.8M | ||
| Q2 25 | $94.0M | — | ||
| Q1 25 | $0 | $64.6M | ||
| Q4 24 | $43.0M | $-8.2M | ||
| Q3 24 | $139.0M | $42.5M | ||
| Q2 24 | $176.0M | — | ||
| Q1 24 | $64.0M | $157.7M |
自由现金流率LPXSCSC
| Q4 25 | -1.4% | 3.8% | ||
| Q3 25 | 0.8% | 2.8% | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | 0.0% | 9.2% | ||
| Q4 24 | 6.3% | -1.1% | ||
| Q3 24 | 19.3% | 5.5% | ||
| Q2 24 | 21.6% | — | ||
| Q1 24 | 8.8% | 21.0% |
资本支出强度LPXSCSC
| Q4 25 | 13.3% | 0.3% | ||
| Q3 25 | 12.7% | 0.3% | ||
| Q2 25 | 9.0% | 0.3% | ||
| Q1 25 | 8.8% | 0.2% | ||
| Q4 24 | 9.1% | 0.3% | ||
| Q3 24 | 6.1% | 0.3% | ||
| Q2 24 | 4.4% | 0.2% | ||
| Q1 24 | 5.7% | 0.3% |
现金转化率LPXSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | 9.89× | 1.17× | ||
| Q2 25 | 3.00× | — | ||
| Q1 25 | 0.70× | 3.79× | ||
| Q4 24 | 1.69× | -0.36× | ||
| Q3 24 | 2.03× | 2.64× | ||
| Q2 24 | 1.32× | — | ||
| Q1 24 | 0.97× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
