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LOUISIANA-PACIFIC CORP（LPX）与SLM Corp（SLM）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SLM Corp的1.0倍（$566.0M vs $560.0M），SLM Corp净利率更高（55.0% vs -1.4%，领先56.4%），过去两年SLM Corp的营收复合增速更高（22.7% 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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
LPX vs SLM — 直观对比
营收规模更大
LPX
是对方的1.0倍
$560.0M
净利率更高
SLM
高出56.4%
-1.4%
两年增速更快
SLM
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $560.0M |
| 净利润 | $-8.0M | $308.0M |
| 毛利率 | 15.0% | — |
| 营业利润率 | -1.6% | 69.6% |
| 净利率 | -1.4% | 55.0% |
| 营收同比 | -16.9% | — |
| 净利润同比 | -112.9% | 1.0% |
| 每股收益（稀释后） | $-0.12 | $1.54 |
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LPXSLM
| Q1 26 | — | $560.0M | ||
| Q4 25 | $566.0M | $377.1M | ||
| Q3 25 | $663.0M | $373.0M | ||
| Q2 25 | $755.0M | $376.8M | ||
| Q1 25 | $724.0M | $375.0M | ||
| Q4 24 | $681.0M | $362.2M | ||
| Q3 24 | $722.0M | $359.4M | ||
| Q2 24 | $814.0M | $372.2M |
净利润LPXSLM
| Q1 26 | — | $308.0M | ||
| Q4 25 | $-8.0M | $233.2M | ||
| Q3 25 | $9.0M | $135.8M | ||
| Q2 25 | $54.0M | $71.3M | ||
| Q1 25 | $91.0M | $304.5M | ||
| Q4 24 | $62.0M | $111.6M | ||
| Q3 24 | $90.0M | $-45.2M | ||
| Q2 24 | $160.0M | $252.0M |
毛利率LPXSLM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率LPXSLM
| Q1 26 | — | 69.6% | ||
| Q4 25 | -1.6% | 83.8% | ||
| Q3 25 | 2.7% | 49.8% | ||
| Q2 25 | 10.6% | 23.3% | ||
| Q1 25 | 16.6% | — | ||
| Q4 24 | 11.0% | 36.5% | ||
| Q3 24 | 16.1% | -16.6% | ||
| Q2 24 | 23.8% | 91.0% |
净利率LPXSLM
| Q1 26 | — | 55.0% | ||
| Q4 25 | -1.4% | 61.8% | ||
| Q3 25 | 1.4% | 36.4% | ||
| Q2 25 | 7.2% | 18.9% | ||
| Q1 25 | 12.6% | 81.2% | ||
| Q4 24 | 9.1% | 30.8% | ||
| Q3 24 | 12.5% | -12.6% | ||
| Q2 24 | 19.7% | 67.7% |
每股收益（稀释后）LPXSLM
| Q1 26 | — | $1.54 | ||
| Q4 25 | $-0.12 | $1.11 | ||
| Q3 25 | $0.13 | $0.63 | ||
| Q2 25 | $0.77 | $0.32 | ||
| Q1 25 | $1.30 | $1.40 | ||
| Q4 24 | $0.90 | $0.53 | ||
| Q3 24 | $1.28 | $-0.23 | ||
| Q2 24 | $2.23 | $1.11 |
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 | $5.2B |
| 总债务越低越好 | $348.0M | $6.2B |
| 股东权益账面价值 | $1.7B | $2.4B |
| 总资产 | $2.6B | $29.4B |
| 负债/权益比越低杠杆越低 | 0.20× | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资LPXSLM
| Q1 26 | — | $5.2B | ||
| Q4 25 | $292.0M | $4.2B | ||
| Q3 25 | $316.0M | $3.5B | ||
| Q2 25 | $333.0M | $4.1B | ||
| Q1 25 | $256.0M | $3.7B | ||
| Q4 24 | $340.0M | $4.7B | ||
| Q3 24 | $346.0M | $4.5B | ||
| Q2 24 | $317.0M | $5.3B |
总债务LPXSLM
| Q1 26 | — | $6.2B | ||
| Q4 25 | $348.0M | $5.4B | ||
| Q3 25 | $348.0M | $6.8B | ||
| Q2 25 | $348.0M | $6.4B | ||
| Q1 25 | $348.0M | $6.1B | ||
| Q4 24 | $348.0M | $6.4B | ||
| Q3 24 | $347.0M | $6.0B | ||
| Q2 24 | $347.0M | $5.4B |
股东权益LPXSLM
| Q1 26 | — | $2.4B | ||
| Q4 25 | $1.7B | $2.5B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.7B | $2.4B | ||
| Q1 25 | $1.7B | $2.4B | ||
| Q4 24 | $1.7B | $2.2B | ||
| Q3 24 | $1.7B | $2.1B | ||
| Q2 24 | $1.7B | $2.3B |
总资产LPXSLM
| Q1 26 | — | $29.4B | ||
| Q4 25 | $2.6B | $29.7B | ||
| Q3 25 | $2.6B | $29.6B | ||
| Q2 25 | $2.7B | $29.6B | ||
| Q1 25 | $2.6B | $28.9B | ||
| Q4 24 | $2.6B | $30.1B | ||
| Q3 24 | $2.6B | $30.0B | ||
| Q2 24 | $2.5B | $28.8B |
负债/权益比LPXSLM
| Q1 26 | — | 2.53× | ||
| Q4 25 | 0.20× | 2.19× | ||
| Q3 25 | 0.20× | 2.92× | ||
| Q2 25 | 0.20× | 2.70× | ||
| Q1 25 | 0.21× | 2.56× | ||
| Q4 24 | 0.21× | 2.98× | ||
| Q3 24 | 0.21× | 2.83× | ||
| Q2 24 | 0.21× | 2.37× |
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 | — |
| 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 | — | — |
| 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LPXSLM
| Q1 26 | — | — | ||
| Q4 25 | $67.0M | $-64.5M | ||
| Q3 25 | $89.0M | $-49.3M | ||
| Q2 25 | $162.0M | $-138.7M | ||
| Q1 25 | $64.0M | $-146.1M | ||
| Q4 24 | $105.0M | $4.5M | ||
| Q3 24 | $183.0M | $-113.4M | ||
| Q2 24 | $212.0M | $-143.8M |
自由现金流LPXSLM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率LPXSLM
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度LPXSLM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率LPXSLM
| Q1 26 | — | — | ||
| Q4 25 | — | -0.28× | ||
| Q3 25 | 9.89× | -0.36× | ||
| Q2 25 | 3.00× | -1.95× | ||
| Q1 25 | 0.70× | -0.48× | ||
| Q4 24 | 1.69× | 0.04× | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 1.32× | -0.57× |
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% |
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
