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LOUISIANA-PACIFIC CORP（LPX）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, INC.的季度营收约是LOUISIANA-PACIFIC CORP的1.5倍（$825.7M vs $566.0M），STERLING INFRASTRUCTURE, INC.净利率更高（11.6% vs -1.4%，领先13.0%），STERLING INFRASTRUCTURE, INC.同比增速更快（91.6% vs -16.9%），过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（19.0% 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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
LPX vs STRL — 直观对比
营收规模更大
STRL
是对方的1.5倍
$566.0M
营收增速更快
STRL
高出108.5%
-16.9%
净利率更高
STRL
高出13.0%
-1.4%
两年增速更快
STRL
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $825.7M |
| 净利润 | $-8.0M | $96.0M |
| 毛利率 | 15.0% | 23.5% |
| 营业利润率 | -1.6% | 16.7% |
| 净利率 | -1.4% | 11.6% |
| 营收同比 | -16.9% | 91.6% |
| 净利润同比 | -112.9% | 143.1% |
| 每股收益（稀释后） | $-0.12 | $3.09 |
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LPXSTRL
| Q1 26 | — | $825.7M | ||
| Q4 25 | $566.0M | $755.6M | ||
| Q3 25 | $663.0M | $689.0M | ||
| Q2 25 | $755.0M | $614.5M | ||
| Q1 25 | $724.0M | $430.9M | ||
| Q4 24 | $681.0M | $498.8M | ||
| Q3 24 | $722.0M | $593.7M | ||
| Q2 24 | $814.0M | $582.8M |
净利润LPXSTRL
| Q1 26 | — | $96.0M | ||
| Q4 25 | $-8.0M | $87.6M | ||
| Q3 25 | $9.0M | $92.1M | ||
| Q2 25 | $54.0M | $71.0M | ||
| Q1 25 | $91.0M | $39.5M | ||
| Q4 24 | $62.0M | $113.2M | ||
| Q3 24 | $90.0M | $61.3M | ||
| Q2 24 | $160.0M | $51.9M |
毛利率LPXSTRL
| Q1 26 | — | 23.5% | ||
| Q4 25 | 15.0% | 21.7% | ||
| Q3 25 | 19.5% | 24.7% | ||
| Q2 25 | 23.6% | 23.3% | ||
| Q1 25 | 27.2% | 22.0% | ||
| Q4 24 | 23.8% | 21.4% | ||
| Q3 24 | 26.7% | 21.9% | ||
| Q2 24 | 32.3% | 19.3% |
营业利润率LPXSTRL
| Q1 26 | — | 16.7% | ||
| Q4 25 | -1.6% | 15.9% | ||
| Q3 25 | 2.7% | 18.2% | ||
| Q2 25 | 10.6% | 17.0% | ||
| Q1 25 | 16.6% | 13.0% | ||
| Q4 24 | 11.0% | 12.5% | ||
| Q3 24 | 16.1% | 14.7% | ||
| Q2 24 | 23.8% | 12.5% |
净利率LPXSTRL
| Q1 26 | — | 11.6% | ||
| Q4 25 | -1.4% | 11.6% | ||
| Q3 25 | 1.4% | 13.4% | ||
| Q2 25 | 7.2% | 11.6% | ||
| Q1 25 | 12.6% | 9.2% | ||
| Q4 24 | 9.1% | 22.7% | ||
| Q3 24 | 12.5% | 10.3% | ||
| Q2 24 | 19.7% | 8.9% |
每股收益（稀释后）LPXSTRL
| Q1 26 | — | $3.09 | ||
| Q4 25 | $-0.12 | $2.82 | ||
| Q3 25 | $0.13 | $2.97 | ||
| Q2 25 | $0.77 | $2.31 | ||
| Q1 25 | $1.30 | $1.28 | ||
| Q4 24 | $0.90 | $3.63 | ||
| Q3 24 | $1.28 | $1.97 | ||
| Q2 24 | $2.23 | $1.67 |
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 | $511.9M |
| 总债务越低越好 | $348.0M | $287.5M |
| 股东权益账面价值 | $1.7B | $1.2B |
| 总资产 | $2.6B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.20× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资LPXSTRL
| Q1 26 | — | $511.9M | ||
| Q4 25 | $292.0M | $390.7M | ||
| Q3 25 | $316.0M | $306.4M | ||
| Q2 25 | $333.0M | $699.4M | ||
| Q1 25 | $256.0M | $638.6M | ||
| Q4 24 | $340.0M | $664.2M | ||
| Q3 24 | $346.0M | $648.1M | ||
| Q2 24 | $317.0M | $540.0M |
总债务LPXSTRL
| Q1 26 | — | $287.5M | ||
| 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 | — |
股东权益LPXSTRL
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.7B | $1.1B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.7B | $881.7M | ||
| Q1 25 | $1.7B | $805.4M | ||
| Q4 24 | $1.7B | $808.1M | ||
| Q3 24 | $1.7B | $716.5M | ||
| Q2 24 | $1.7B | $670.7M |
总资产LPXSTRL
| Q1 26 | — | $2.8B | ||
| Q4 25 | $2.6B | $2.6B | ||
| Q3 25 | $2.6B | $2.6B | ||
| Q2 25 | $2.7B | $2.2B | ||
| Q1 25 | $2.6B | $2.0B | ||
| Q4 24 | $2.6B | $2.0B | ||
| Q3 24 | $2.6B | $2.0B | ||
| Q2 24 | $2.5B | $2.0B |
负债/权益比LPXSTRL
| Q1 26 | — | 0.24× | ||
| 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× | — |
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 | $165.6M |
| 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% | 2.4% |
| 现金转化率经营现金流/净利润 | — | 1.73× |
| 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LPXSTRL
| Q1 26 | — | $165.6M | ||
| Q4 25 | $67.0M | $186.1M | ||
| Q3 25 | $89.0M | $83.6M | ||
| Q2 25 | $162.0M | $85.4M | ||
| Q1 25 | $64.0M | $84.9M | ||
| Q4 24 | $105.0M | $174.3M | ||
| Q3 24 | $183.0M | $152.3M | ||
| Q2 24 | $212.0M | $121.0M |
自由现金流LPXSTRL
| Q1 26 | — | — | ||
| Q4 25 | $-8.0M | $159.7M | ||
| Q3 25 | $5.0M | $64.0M | ||
| Q2 25 | $94.0M | $72.1M | ||
| Q1 25 | $0 | $67.0M | ||
| Q4 24 | $43.0M | $158.6M | ||
| Q3 24 | $139.0M | $138.3M | ||
| Q2 24 | $176.0M | $92.1M |
自由现金流率LPXSTRL
| Q1 26 | — | — | ||
| Q4 25 | -1.4% | 21.1% | ||
| Q3 25 | 0.8% | 9.3% | ||
| Q2 25 | 12.5% | 11.7% | ||
| Q1 25 | 0.0% | 15.5% | ||
| Q4 24 | 6.3% | 31.8% | ||
| Q3 24 | 19.3% | 23.3% | ||
| Q2 24 | 21.6% | 15.8% |
资本支出强度LPXSTRL
| Q1 26 | — | 2.4% | ||
| Q4 25 | 13.3% | 3.5% | ||
| Q3 25 | 12.7% | 2.9% | ||
| Q2 25 | 9.0% | 2.2% | ||
| Q1 25 | 8.8% | 4.2% | ||
| Q4 24 | 9.1% | 3.1% | ||
| Q3 24 | 6.1% | 2.4% | ||
| Q2 24 | 4.4% | 5.0% |
现金转化率LPXSTRL
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 2.12× | ||
| Q3 25 | 9.89× | 0.91× | ||
| Q2 25 | 3.00× | 1.20× | ||
| Q1 25 | 0.70× | 2.15× | ||
| Q4 24 | 1.69× | 1.54× | ||
| Q3 24 | 2.03× | 2.48× | ||
| Q2 24 | 1.32× | 2.33× |
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% |
STRL
| E-Infrastructure Solutions | $597.7M | 72% |
| Transportation Solutions | $132.9M | 16% |
| Building Solutions | $95.1M | 12% |
